Corporates

Maksteel Wire Wins GIDA’s ‘Best SME Of The Year’ Award

Textile Insights November 11, 2024

Maksteel Wire Healds Pvt Ltd has been honoured with the prestigious Gujarat Business Excellence Award under the category of Best SME of the Year – Manufacturing (Stainless Steel Sector). The award, initiated by the Gujarat Industry Development Association (GIDA), recognizes Maksteel’s

Corporates

Birla Cellulose And Circ Announce Strategic Partnership To Accelerate Scaling Textile Recycling Innovation

Textile Insights November 11, 2024

Strategic collaboration aims to drive growth of and access to recycled fibres Birla Cellulose, the cellulosic fibres business of the Aditya Birla Group and one of the world’s leading Man-Made Cellulosic Fibre (MMCF) producers through its flagship company Grasim Industries Ltd, and Circ, a US-based textile-to-textile recycling innovator, have announced a long-term strategic

Corporates

Liva Reviva Collaborates With Ka-Sha For New Line ‘Roz’

Textile Insights November 11, 2024

‘Roz’ collection by Ka-Sha features Liva Reviva’s sustainable, plant-based fabrics for everyday elegance In today’s dynamic fashion landscape, sustainability is no longer just a buzzword—it’s a necessity. As the textile industry faces increasing scrutiny over its environmental impact, brands like Liva Fabrics, made from renewable plant-based fibres, are taking the lead by

Corporates

VJTI Opens Upgraded Chemistry Department With Rs 1 Cr Donation

Textile Insights November 11, 2024

Veermata Jijabai Technological Institute (VJTI) celebrated a major milestone with the inauguration of its newly renovated Department of Technical and Applied Chemistry. The upgraded facilities, featuring state-of-the-art chemical engineering labs and modernized faculty spaces, mark a significant step in VJTI’s mission to become a global leader in technical education. The

Corporates

Freudenberg Group Inaugurates Advanced Manufacturing Facilities In Morinda

Textile Insights November 10, 2024

Germany-based global technology conglomerate Freudenberg Group has officially inaugurated two state-of-the-art manufacturing facilities in Morinda, encompassing a total built-up area of 40,700 sq. metres. These facilities, operated by Freudenberg-NOK India Pvt. Ltd. (FNI) and Vibracoustic India, consolidate the company’s operations from its previous plants in Basma and

Corporates

Himatsingka Seide Limited Successfully Completes Rs. 400 Crore QIP

Textile Insights November 8, 2024

Himatsingka Seide Limited (HSL) has announced the successful completion of its Rs. 400 crore Qualified Institutional Placement (QIP). The funds raised will primarily be used to repay and reduce the company’s outstanding debt, bolstering HSL’s financial position and supporting its long-term growth strategy. The QIP saw significant interest from marquee investors and was

Corporates

Rieter, ARISE IIP And Afreximbank Sign Landmark Agreement For Africa’s Textile Renaissance

Textile Insights November 6, 2024

ARISE IIP, a leading developer of industrial parks in Africa, has joined forces with the African Export-Import Bank (Afreximbank) and Rieter, a global leader in spinning systems for yarn manufacturing. Together, they aim to drive the “Africa Textile Renaissance Plan” – a transformative initiative to revitalize Africa’s textile industry and create sustainable growth. This

Corporates

Itema Acquires Balance 20% Stake To Become Sole Owner Of Schoch & Co

Textile Insights November 3, 2024

Itema, a global leader in advanced weaving solutions, has completed its acquisition of Schoch & Co Srl, a longstanding supplier of textile machine components like reeds and drop wires. This final acquisition stage follows Itema’s 2019 purchase of an 80% stake, with the recent agreement granting Itema the remaining 20%, making it the sole owner […]

Corporates

Syre, RE&UP Recycling Technologies, And Sci-Lume Labs Inc. Join ITMF As Corporate Members

Textile Insights November 3, 2024

Three innovative companies, Syre, RE&UP Recycling Technologies, and Sci-Lume Labs Inc., have recently joined the International Textile Manufacturers Federation (ITMF) as corporate members, strengthening the organization’s commitment to promoting sustainability and circularity in the textile industry. Syre, focused on decarbonizing and dewasting textiles, aims to

Corporates

Rieter Issues CHF 65 Million Bond

Textile Insights October 31, 2024

Rieter has successfully placed a CHF 65 million bond with a five-year term and a 3.5% coupon rate. The net proceeds will support general corporate purposes, enhancing Rieter’s financial flexibility and extending its debt maturity profile. “This bond not only diversifies our investor base but also strengthens our strategic flexibility,” said Oliver Streuli, CFO of