Corporates

Bannari Amman To Sell Textile Assets To SP Apparels

Textile Insights December 11, 2023

In a stock exchange filing, Bannari Amman Spinning Mills Ltd (BASML) has said that SP Apparels Ltd has expressed interest in buying a few of its textile assets. Bannari Amman will utilise the funds received from the sales of these assets to reduce its borrowings. However, the company has not

Corporates

CCPL India Successfully Installs Canlar Mekatronik’s Smart Series In Tirupur

December 10, 2023

In a significant milestone for CCPL India, the first installation of Canlar Mekatronik Tech’s Smart Series has been completed in Tirupur, South India. The high-performance HT fabric dyeing machine is designed to minimize process costs while prioritizing environmental consciousness and maintaining top-tier quality. The innovative dyeing machine is capable of

Corporates

Andritz Sets Up New Textile Recycling Line In Italy

December 10, 2023

Andritz recently started up a new textile recycling line at Sfilacciatura Negro’s plant in Biella, Italy. Designed for processing post-consumer textile waste with automatic removal of hard parts, the tearing line supports the company’s expansion into new recycling segments. In view of the growing demand for sustainable fibres in the re-spinning and nonwoven industries,

Corporates

Shahi Exports Appoints Alagappan R As COO Of Knits Processing Division

December 3, 2023

Shahi Exports Pvt Ltd has appointed Alagappan R as the Chief Operating Officer (COO) of its Knits Processing Division. A seasoned textile technocrat with over 27 years of expertise in textiles and finance, Alagappan has a robust background from distinguished textile companies, including Aditya Birla Group, Himatsingka and Arvind Ltd. His appointment marks a significant

Corporates

Jay Chemical Receives Hohenstein Sustainability Award

December 3, 2023

Jay Chemical Industries has been awarded by Hohenstein India for outstanding commitment to sustainability in the chemical industry. The award, presented at the Hohenstein Global Sustainability Conference on November 23, 2023, recognises Jay Chemical’s eco-friendly practices, particularly in redefining sustainability in the textile sector. This accolade underscores

Corporates

RSWM Acquires Mathura Based Textile Mill Of Ginni Filament

Textile Insights December 2, 2023

RSWM Ltd, one of the biggest textile manufacturers in India has signed a binding term sheet with Ginni Filaments Ltd for proposed acquisition of its textile assets in Mathura for Rs 160 crores. The acquisition is expected to be completed within ninety days of execution of term sheet subject to execution of definitive documents and […]

Corporates

Atlas Copco Group Unveils New Group Logo & Tagline

Textile Insights November 29, 2023

Atlas Copco Group has launched a new identity, including a new group logo, a new visual identity, and a new group tagline -‘Technology that transforms the future’. The current blue and white Atlas Copco brand and logo will continue to be used on products and services, in the same way as other brands in the […]

Corporates

Om Tex Silicones Renews GOTS Certification For Sustainability Excellence

November 26, 2023

Om Tex Chem now known as Om Tex Silicones has announced the renewal of its prestigious Global Organic Textile Standard (GOTS) certification. This reaffirmation underscores the company’s unwavering commitment to delivering outstanding products and services while championing environmental responsibility. The renewed GOTS certification serves as a guiding beacon,

Corporates

Ganesha Ecosphere Plans Rs 500 Crore Preferential & QIP Issues For Expansion

November 26, 2023

In a recent board meeting held on November 24, 2023, Ganesha Ecosphere Ltd deliberated on the future prospects of its rPET chips project. The board acknowledged the potential need for further capacity addition based on engagements with customers. Subsequently, the board approved the following proposals, pending regulatory approvals and shareholder consent: Preferential

Corporates

Yunus Textiles Commissions Two 9.6 MW Wind Turbines

November 26, 2023

Yunus Textiles has introduced its newest sustainable initiative – two state-of-the-art wind turbines, boasting a collective capacity of 9.6 MW. This milestone underscores the company commitment to reducing emissions by a substantial 18,000 tonnes of CO2 annually, equivalent to the positive environmental impact of 108,000 mature trees. Yunus Textiles continues to lead the