Corporates

ABFRL Announces US$ 500 Mn Equity Raise Through Preferential Issue and QIP

Textile Insights January 16, 2025

The board of Aditya Birla Fashion and Retail Limited (ABFRL), in its meeting, approved raising US$ 500 Mn through a combination of preferential issuance and Qualified Institutional Placement (QIP) of equity shares. The preferential issuance of US$ 275 Mn will include investments of US$ 150 Mn

Corporates

Trident Group Launches Karamyogi Recruitment Drive To Hire 3,000 Skilled Individuals Across India

Textile Insights January 16, 2025

Trident Group, a global conglomerate, has announced the launch of its Karamyogi Recruitment Drive, aiming to hire 3,000 skilled individuals across India. This initiative underscores the company’s commitment to fostering an inclusive and empowered community while contributing to the socio-economic development of the nation as part of its vision for Viksit Bharat. The

Corporates

Siemens And Spinnova Partner For Sustainable Textile Innovation

Textile Insights January 12, 2025

Siemens, a global technology leader, has joined forces with Spinnova, a trailblazer in sustainable textile technology, to transform the textile industry through innovative and eco-friendly fiber production. This partnership aligns with Siemens’ strategic commitment to advancing sustainability and digitalization in manufacturing. Driving Sustainability with Siemens

Corporates

Epic Group And Creative Group Forge Rs 500 Crore Apparel JV In India

Textile Insights January 12, 2025

Epic Group and Creative Group have entered a strategic partnership to reshape the Indian apparel business landscape. The collaboration was formalized with the signing of a non-binding Memorandum of Understanding (MOU), signaling the start of an extensive joint business planning initiative. The joint venture involves a significant potential investment of ₹500 crores

Corporates

Kornit Digital Appoints Peter Alderath As GM For DACH And Benelux Regions

Textile Insights January 12, 2025

Kornit Digital Ltd., a global leader in sustainable, on-demand digital fashion and textile production technologies, has announced the appointment of Peter Alderath as General Manager (GM) for the DACH (Germany, Austria, Switzerland) and Benelux regions. With over 25 years of experience in the digital print and technology sectors, Peter Alderath is recognized for his

Corporates

Garment 10 Corporation Targets 7.4% Revenue Growth In 2025

Textile Insights January 12, 2025

Garment 10 Corporation (Garco 10) has set a goal to achieve a 7.4% increase in revenue for 2025, aiming to surpass VNĐ 5.05 trillion (US$ 198.4 million). Additionally, the company plans to generate profits of VNĐ 135 billion, reflecting a 2.3% growth compared to this year. General Director Thân Đức Việt outlined that Garco 10 […]

Corporates

Tecnorama Marks 40 Years Of Innovation In Mechatronics

Textile Insights January 12, 2025

Tecnorama, a global leader in mechatronics based in Prato, marked its 40th anniversary with a special event attended by customers, agents, friends and partners from around the world. The celebration recognized the company’s significant impact on the colour management industry, establishing itself as a benchmark for innovation and technology. Founded in 1984,

Corporates

Ambercycle And Benma Join Forces To Scale Circular cycora Fibers

Textile Insights January 12, 2025

Ambercycle and Benma have announced a strategic partnership to scale circularity in textiles through the production of cycora® staple fibers. This collaboration leverages Ambercycle’s pioneering circular material technology and Benma’s advanced manufacturing expertise to meet the growing demand for sustainable fibers globally. By integrating cycora® fibers into the Chinese

Corporates

A.T.E. Associates With VB SET Srl Italy, For Melt Spinning Equipment Including Lab And Pilot Modules

Textile Insights January 9, 2025

A.T.E. announces its collaboration with VB Soluzioni & Tecnologie Srl (VB-SET), Italy, a leading provider of complete melt spinning solutions. VB-SET specializes in the design, manufacturing, installation, and startup of machines for producing continuous filament yarns, including POY, FDY, and IDY varieties. With over 2 decades of experience and a global track record,

Corporates

Building Bridges In Textile Innovation: Bangladesh Deputy High Commissioner Appreciates LMW’s Advanced Manufacturing Facilities

Textile Insights January 9, 2025

On January 2, 2025, LMW had the honor of hosting Mr. Shelly Salehin, Deputy High Commissioner of Bangladesh for South India, at its Unit 1 facility. A Visionary Dialogue on Global Textiles Mr. M. Sankar, Director (Operations), and Mr. Shelly Salehin had a meaningful discussion on the global textile landscape, exploring synergies between the Indian […]