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

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

Corporates

Gokuldas Acquires Matrix Clothing’s Knit Apparel Business

Textile Insights February 3, 2024

One of the biggest Indian garment exporters Gokuldas Exports Ltd (GEL), will acquire the knit apparel business of Matrix Clothing Private Ltd (MCPL) for an enterprise value amounting to Rs 489 crore. Of this Rs 489 crore, Rs 247.5 crore is being paid by way of preferential allotment of shares of Gokaldas Exports through a […]

Corporates

Madhya Pradesh Chief Minister Inaugurates Advanced Textile Unit By Sagar Group

February 1, 2024

Madhya Pradesh Chief Minister, Dr. Mohan Yadav, inaugurated the advanced automated textile Unit 6 of Sagar Manufacturers Pvt. Ltd., in the village Tamot Tehsil Goharganj, Raisen district. The inauguration ceremony was attended by Minister of State Narendra Shivaji Patel, Member of Parliament from Vidisha, Ramakant Bhargava, Member of Legislative Assembly Bhojpur, Vidhan

Corporates

Saurer OpenHouse 2024: A Platform For Knowledge Sharing And Innovation

January 28, 2024

The textile industry is constantly evolving, and industry leaders must stay updated on the latest trends and innovations. To achieve this, Saurer, a leading textile machinery company, hosted for the first time the OpenHouse 2024 event on January 12 and 13. This new format brought together industry experts from academia, consulting and industry, showcasing the […]

Corporates

Himatsingka Seide’s Board Approves Rs 400 Crore Fund Raise And Director Appointment

January 28, 2024

Himatsingka Seide Ltd, a leading player in the textile industry, unveiled strategic decisions following its Board of Directors meeting on January 25, 2024. Fund raising and capital structure enhancement: The board has greenlighted fund raising up to Rs 400 crore, utilizing equity shares or eligible securities via a Qualified Institutions Placement (QIP). Pending approvals,