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Corporates

CEMATEX Joins EURATEX As Corresponding Member

CEMATEX, the European Committee of Textile Machinery Manufacturers, has officially become a corresponding member of EURATEX, the European Apparel and Textile Confederation. This strategic alliance marks a significant step toward fostering stronger cooperation within the textile sector. EURATEX
Corporates

VF Corp Expands Recycled Polyester Sourcing To 40%

VF Corp, the marketer of clothing brands like Timberland, The North Face and Vans, has increased sourcing of recycled polyester to 40% in fiscal 2022. “This is an improvement from 36% in fiscal 2021 and in the process has attained 80% of its target to use 50% recycled polyester by fiscal 2026,” VF said in […]
Corporates

Monforts Fits Larger Montex 8500 In Restricted Space

Monforts engineering know-how were called upon to meet the complex and unusual specifications for a recent installation of a new Montex 8500 stenter line at Curt Bauer’s plant in Germany. Curt Bauer opted for the new Montex 8500 line with a working width of 3.2 metres equipped with the MonforClean heat recovery and exhaust air […]
Corporates

Fresh Leadership For Freudenberg Performance Materials In 2024

Freudenberg Performance Materials announces key appointments to its Management Board, effective January 1, 2024. Dr. Andreas Raps succeeds Dr. Frank Heislitz as CEO, while Marco Altherr steps in as CFO, succeeding Thomas Herr. The Management Board lineup from January 1, 2024, will include Dr. Andreas Raps (CEO), Marco Altherr (CFO) and John McNabb (CTO). Dr. […]
Corporates

Alok Industries To Raise Rs 3,300 Cr From RIL In NCRPS Deal

Textile manufacturer Alok Industries plans to raise Rs 3,300 crore through the issuance of Non-Convertible Redeemable Preference Shares (NCRPS) to its parent company, Reliance Industries Ltd (RIL). This move comes as part of Alok Industries’ ongoing financial strategy. Having been acquired by Reliance Industries and JM Financial ARC in 2019 through the corporate
Corporates

Lenzing Boosts Renewable Energy Portfolio With WLK Energy Deal

Lenzing, a global specialty fibre supplier, has finalized a 15-year supply agreement with Austrian electricity producer WLK energy for the acquisition of approximately 13 megawatts of wind power. This move underscores Lenzing’s dedication to climate protection and the energy transition, as well as its commitment to a stable and diverse electricity supply. The
Corporates

iFabric Corp. Expands with New Office Lease in Markham, Ontario

iFabric Corp. has finalized a lease agreement for approximately 5,000 square feet of office space in Markham, Ontario, situated near its existing head office and warehouse location. The new offices will serve as the home for the company’s Canadian management and administrative personnel. Following the relocation, the current company-owned building at 525 Denison
Corporates

Atul Ltd Unveils New Environment, Health & Safety Office

Atul Ltd has announced the opening of its new Environment, Health and Safety office at Atul. This initiative reinforces the company’s commitment to fostering a safe and sustainable workplace. The new office will play a pivotal role in advancing the company’s practices and ensuring the well-being of its employees. Atul Ltd has declared that it […]