Corporates

Sai Silks Kalamandir’s Stock Soars 16.60% In Three Days

October 1, 2023

Ethnic apparel retailer Sai Silks Kalamandir entered the stock market with a resounding debut on September 26, 2023, garnering significant attention from investors. The company’s stock was listed at a premium price of Rs 231, marking a 4% increase over the issue price of Rs 222. During

Corporates

French Weaving Company, LTC, Makes Sustainable Investment In Stäubli Technology

October 1, 2023

French weaving company Les Tissages de Charlieu (LTC) has invested in 40 new Stäubli SX PRO Jacquard machines in the first quarter of 2023. While LTC had previously engaged with Stäubli for Jacquard machines, this latest procurement is in line with LTC’s overarching Environmental, Social, and Governance (ESG) strategy. A key driver behind LTC’s choice […]

Corporates

ITTA Announces Change In Board Leadership

October 1, 2023

The Indian Technical Textile Association (ITTA) has announced a change in its leadership. The association has bid farewell to the retiring Chairman Amit Agarwal, while welcoming Avinash Misar as the new Chairman and Mahesh Kudav as the Vice Chairman. Avinash Misar Assumes the Role of Chairman Avinash Misar, formerly the Vice Chairman of ITTA, takes […]

Corporates

Indian Spinners Association Elects New Leadership At AGM

October 1, 2023

The Indian Spinners Association (ISA) announced the outcome of its Annual General Meeting (AGM) held on September 22, 2023, unveiling new leadership to steer the association forward. Prashant Mohota, the Managing Director of Gimatex Industries Ltd, assumed the role of President. Gimatex Industries Ltd boasts an integrated textile plant located in Hinganghat near Nagpur and

Corporates

Trützschler Nonwovens And Texnology Collaborate To Enhance Technical Centre

October 1, 2023

Trützschler Nonwovens, in partnership with Texnology from Italy, is spearheading the transformation of the Nonwovens Customer and Technical Centre (NCTC) in Egelsbach, Germany. The ambitious project involves the installation of a T-Suprema needle-punching line, marking a significant development in the nonwovens industry. The journey commenced on September 25, 2023, and

Corporates

Kitex Setting Up World’s Longest Integrated Textile Project

Textile Insights September 30, 2023

Kitex Group, the second largest global producer of babywear laid the foundation stone of its second fully integrated fibre-to-apparel production hub in Telangana, which will be the world’s longest integrated factory. The foundation stone for the second cluster is located in Seetharampur, Rangareddy and upon completion; it will stretch across 1.2 kilometers, set to

Corporates

Indorama Ventures Hits Landmark Of Recycling 1bn PET Bottles

Textile Insights September 26, 2023

Indorama Ventures Public Company Limited, a global sustainable chemical company has recycled 100 billion post-consumer PET bottles since February 2011. “This has diverted 2.1 million tons of waste from the environment and saved 2.9 million tons of carbon footprint from the product lifecycles,” the Thailand headquartered company said in a press release. Demonstrating its

Corporates

Geek+ and Adidas Open Advanced Automated Distribution Centre In Suzhou, China

September 24, 2023

Geek+, a global leader in logistics mobile robots, and Adidas, a leading sportswear brand, have opened their cutting-edge automated distribution centre in Suzhou, China, a significant achievement in their partnership. This fully automated distribution centre spans 139,000 square metres, setting new industry standards for speed and flexibility in warehousing logistics. It

Corporates

HSBC Indonesia Commits $20M Green Loan to Boost Indo Rama Synthetics Sustainability

September 24, 2023

HSBC Indonesia has provided a US$ 20 million green term loan to PT Indo-Rama Synthetics, a subsidiary of Singapore’s Indorama Corporation Pte. Ltd. The loan supports Indo-Rama’s drive to reduce energy consumption during the expansion of its yarn spinning factory. This expansion incorporates modern, energy-efficient machinery, aligning with Indo-Rama’s

Corporates

Sai Silks Secures Rs 360 Crore From Anchor Investors Before IPO

September 24, 2023

Ethnic apparel retailer Sai Silks (Kalamandir) announced on September 18, 2023, that it has successfully garnered more than Rs 360 crore from anchor investors just days before its upcoming initial public offering (IPO). The company allotted 1.63 crore equity shares to 26 funds at a per share price of Rs 222, which coincides with the […]