Corporates

The LYCRA Company Releases 2022 Sustainability Update

September 24, 2023

The LYCRA Company, a global leader in sustainable fibre and technology solutions for the apparel and personal care industries, has unveiled its second annual update of Planet Agenda and Global Sustainability Dashboard for fiscal year 2022. These reports track progress towards the

Corporates

Apparel Group Strikes Major Licensing Deal With Marquee Brands For GCC And India

September 24, 2023

Global fashion conglomerate, Apparel Group, has entered into a significant multi-brand licensing deal with Marquee Brands LLC. This partnership covers licensing agreements for five of Marquee’s signature brands – BCBG, Ben Sherman, Bruno Magli, Sur la table, and Martha Stewart – in the GCC and India regions. This collaboration aims to introduce the distinctive styles

Corporates

Stäubli Expands In Hangzhou With R&D And Manufacturing Base

September 24, 2023

Stäubli, a global leader in automation and textile solutions, proudly unveils its new Yinhai R&D and Intelligent Manufacturing Base in Hangzhou, China. Located close to its existing production site, this 25,000 square-meter facility signifies a major step in Stäubli’s growth strategy and dedication to serving its Chinese customers effectively. Gerald Vogt, CEO at

Corporates

Wazir Advisors Joins Forces With Good Fashion Fund For Sustainable Fashion Investments

September 24, 2023

Wazir Advisors has entered into a strategic alliance with the Netherlands-based Good Fashion Fund (GFF) to bolster impact investments in the fashion industry. In this collaboration, Wazir Advisors will provide vital expertise in technical matters, sustainability practices, and supply chain considerations, contributing to more informed investment decisions by GFF. The

Corporates

MycoWorks Launches World’s Largest Mycelium Material Facility In South Carolina

September 24, 2023

Biotech firm MycoWorks has initiated production at its state-of-the-art manufacturing plant in Union, South Carolina. This facility can scale up production to meet the luxury industry’s demand for its proprietary Fine Mycelium material. The patented technology produces Reishi, a biomaterial with hand-feel, strength and durability comparable to calfskin leather. With

Corporates

Teijin Aramid’s Peter ter Horst Joins VNCI Board

September 24, 2023

In a recent development, on September 11, 2023, Peter ter Horst has been appointed as a board member by the members of VNCI. This move signifies Teijin Aramid’s active participation in the Royal Association of the Dutch Chemical Industry (VNCI) and its commitment to the principles of sustainability. Teijin Aramid, renowned for its dedication to […]

Corporates

Arrow Appoints Anand Aiyer As CEO

September 24, 2023

Arvind Fashions Ltd has appointed Anand Aiyer as the new CEO of Arrow, a renowned fashion brand known for its timeless elegance. With a remarkable track record of over 24 years in the fashion brands and retail sector, Aiyer is poised to lead Arrow into a new era of innovation and growth. Anand Aiyer previously […]

Corporates

Durst Group Acquires Digital Printer Maker Aleph SrL

Textile Insights September 20, 2023

Manufacturer of advanced digital printing solutions Durst Group has acquired Aleph SrL, a pioneer in sustainable digital solutions for textiles and interior and exterior decorations. “With this strategic move, Durst Group further enhances its position in water-based and sustainable printing technologies,” the Italian company informed in a press release. The acquisition

Corporates

Indorama Ventures Invests US$ 150M In Three Indian PET Recycling Plants

September 17, 2023

Bangkok-based Indorama Ventures Public Co Ltd is investing US$ 150 million in three PET recycling plants in India, with plans to commence commercial production by 2026, reported PTI. The plants will be located near existing PET production facilities in Haldia, Nagpur and Panipat. This move will augment Indorama Ventures’ current 800,000 tonne/year PET production for

Corporates

Pioneer Embroidery Ltd Commences Embroidery And Lace Production In Maharashtra

September 17, 2023

Pioneer Embroidery Limited (PEL) has initiated commercial production of embroidery and laces at its facility located in Shree Ganesh Integrated Textile Park (SGITPL), Degaon-Dhule, Maharashtra. The Degaon unit is now operational with eight advanced computerized machines imported from Lasser AG, Switzerland, signifying the implementation of PEL’s second-phase business