Corporates

Piyush Goyal Welcomes Epic Group’s US$100 Million Investment In Odisha

February 19, 2024

In a significant stride towards bolstering India’s manufacturing prowess, Epic Group’s Executive Chairman Ranjan Mahtani and Aryan Mahtani met Piyush Goyal, Minister of Commerce and Industry of India. The focal point of discussion was Epic Group’s ambitious blueprint to

Corporates

Globe Textiles To Acquire Globe Denwash For Propelling Growth In Sustainable Fashion

February 19, 2024

Globe Textiles India Ltd (GTIL), a leader in the textile industry, has revealed plans for an acquisition aimed at propelling its growth trajectory and reinforcing its commitment to sustainability. The acquisition of Globe Denwash Pvt Ltd will be facilitated through the purchase of shares, marking a significant step in GTIL’s forward integration strategy. The

Corporates

HeiQ Names Julien Born CEO For Climate-Positive Fibre Venture

February 18, 2024

HeiQ has announced the appointment of Julien Born as the CEO of HeiQ AeoniQ Holding, an independent subsidiary established to attract investors and value-chain partners. With an ambitious multi-year plan to scale up the world’s first climate-positive cellulosic filament fibre, this move signals a significant step forward. Bringing with him unique executive leadership

Corporates

TCG Invests Rs 1,250cr In Hiking FDY Capacity At Garden Silk Mills

Textile Insights February 13, 2024

The Chatterjee Group (TCG), a private equity investor has invested Rs 1,250 crore for expansion of FDY capacity at Surat based Garden Silk Mills. The new FDY plant has a capacity of 272 tons per day and state-of-the-art Oerlikon Barmag Wings+ machines will produce FDY for knitting and weaving applications. Additionally, TCG has invested in […]

Corporates

Rieter Wins Major Chinese Draw Frame Patent Dispute

Textile Insights February 8, 2024

In a judgment, the Supreme People’s Court of the People’s Republic of China ruled in favor of Rieter in a legal dispute concerning infringement of a Rieter patent by a competitor’s draw frame. “Rieter protects its innovations with patents and registered designs and consistently takes action against infringements of its intellectual property,” the Swiss company […]

Corporates

SP Apparels Signs Agreement To Acquire Assets Of Bannari Amman

Textile Insights February 7, 2024

SP Apparels Ltd. (SPAL) has signed a definitive agreement to acquire 100 percent stake of Young Brand Apparel along with an apparel unit in Palladam and land and buildings, all in Tamil Nadu for Rs 223 crore. SP Apparels will acquire all these assets from Bannari Amman Spinning Mills Limited for which it was in […]

Corporates

Shivkrupa Cotspin Unveils Mega Spinning Unit In Maharashtra

February 5, 2024

In a momentous event that marked a leap towards innovation and excellence in the textile industry, Shivkrupa Cotspin Pvt. Ltd. proudly inaugurated its sprawling mega project, Spinning Unit II, at Virwade Road, Chopda on 2 February 2024. The inauguration ceremony witnessed the presence of dignitaries, industry leaders and key stakeholders. The ribbon-cutting ceremony was

Corporates

Toros Greenhalgh Appointed General Manager Of Karl Mayer’s Türkiye Subsidiary

February 4, 2024

Karl Mayer, a leading textile machinery manufacturer, announced the appointment of Toros Greenhalgh as the new General Manager for its subsidiary in Türkiye. This strategic move aims to enhance response times and elevate customer satisfaction in the Turkish market through refined and optimized service processes. Toros Greenhalgh, a distinguished graduate mechanical

Corporates

SRTX Achieves Vertical Integration Milestone With Expanded 300,000 Sq. Ft. Facility

February 4, 2024

SRTX, renowned for its patent-pending Sheertex Rip-Resist knit, has inaugurated its new 300,000 sq. ft. global headquarters, doubling its previous facility. Founded in 2017 by Katherine Homuth, SRTX focuses on durable, sustainable textiles. The expansion enables full vertical integration, overseeing production, including in-house extrusion of Ultra-High Molecular Weight

Corporates

Mimaki Europe Welcomes Takao Terashima As New Managing Director

February 4, 2024

Mimaki Europe, a leading manufacturer of inkjet printers and cutting-edge technologies, has appointed Takao Terashima as its new Managing Director. Commencing his journey with Mimaki in 1997 within the Research and Development Department, Terashima has honed his extensive expertise in Mimaki’s technology portfolio and the surrounding market throughout his 26-year