Corporates

Abercrombie & Fitch Co. Promotes Robert Ball As CFO

Textile Insights December 3, 2024

Abercrombie & Fitch Co. has announced the promotion of Robert Ball to Chief Financial Officer, effective November 20, 2024. In his new role, Ball will join the company’s executive leadership team, reporting to Scott Lipesky, Executive Vice President and Chief Operating Officer. Ball, who

Corporates

Balkrishan Sharma Joins Sintex Industries Limited As COO

Textile Insights November 25, 2024

Sintex Industries Limited, a proud member of Reliance Industries Limited, has appointed Balkrishan Sharma as its Chief Operating Officer. With an illustrious career spanning three decades in the textile industry, Sharma brings a wealth of expertise and leadership to his new role. He has held prominent positions in renowned organizations such as Vardhman Textiles, Ginni

Corporates

Starlinger Acquires Woven Packaging Division From Windmöller & Hölscher

Textile Insights November 25, 2024

Starlinger & Co. Gesellschaft m.b.H. has announced the acquisition of the woven packaging division from German machinery producer Windmöller & Hölscher (W&H), including its subsidiary, W&H Machinery GmbH, based in Vienna. The acquisition strengthens Starlinger’s position as a global leader in machinery for woven plastic packaging and brings opportunities

Corporates

revalyu Resources Commissions Second Plant At Nashik

Textile Insights November 25, 2024

revalyu Resources, a global leader in chemical PET recycling, has successfully commissioned its second plant at its Nashik, India site, further boosting its production capacity to 280 tonnes per day. With a total investment of US$100 million, the site now stands as the world’s largest PET plastic recycling facility. The site is composed of three […]

Corporates

Spinnova And Suzano Postpone Timetable For Factory Project

Textile Insights November 25, 2024

Spinnova Plc and Suzano S.A. have delayed the next stage of their wood-based SPINNOVA fibre factory project, originally set to begin in the second half of 2024. The delay stems from the process not meeting cost efficiency targets by year-end. While several sub-processes have been approved, the full pulp-to-fibre process requires further validation. Both companies […]

Corporates

Suditi Industries Acquires Iconic Children’s Wear Brand Gini & Jony

Textile Insights November 25, 2024

Suditi Industries has acquired Gini & Jony, a renowned children’s wear brand with a 44-year legacy in India. This strategic acquisition aligns with Suditi’s vision to lead the kids’ wear segment by leveraging its advanced manufacturing capabilities, efficient supply chain and technological expertise. The company plans to revitalize Gini & Jony into a

Corporates

Ravi Bhargava Appointed CEO Of Apparel & Fabrics Division At Alok Industries

Textile Insights November 25, 2024

Alok Industries Ltd has announced the appointment of Ravi Bhargava as the Chief Executive Officer of its Apparel & Fabrics Division. Bringing over three decades of experience in the apparel industry, Bhargava has demonstrated exemplary leadership in various challenging roles. His impressive career includes serving as CEO at Matrix Design and Industries Private Limited

Corporates Textile Print

Nanjing Chemical Fiber Announces Private Placement Of CNY 500 Million

Textile Insights November 25, 2024

On November 15, 2024, Nanjing Chemical Fiber Co. Ltd announced a private placement to issue A shares, aiming to raise CNY 500 million. The placement will involve up to 35 specific investors, including a CNY 100 million contribution from returning investor Nanjing New Industrial Investment Group Co. Ltd. The proposal was approved during the 14th […]

Corporates

Murugappa Group To Acquire Hubergroup For US$ 310 Million

Textile Insights November 19, 2024

Chennai-based Murugappa Group has finalized an agreement to acquire Hubergroup, a German specialty chemicals firm, for an enterprise value of US$ 310 million. The acquisition, which includes an equity infusion of US$ 150 million from Murugappa and US$ 160 million for debt refinancing, marks a strategic move to strengthen the group’s presence in the global […]

Corporates

A.T.E. Partners With UNITEX To Boost Circular Knitting Machine Market In India

Textile Insights November 13, 2024

A.T.E. and UNITEX are collaborating to leverage their unique strengths within the textile sector, with the shared goal of increasing the presence of circular knitting machines in India. UNITEX TEXMAC PTE LTD, commonly referred to as UNITEX, has established a solid reputation across all scales of knit production—from small job knitters to major textile corporations. […]