August 27, 2026
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Corporates

Rieter Wins Historic Order From DIW

On July 16, 2024, Rieter and Shanghai Digital Intelligence World Industrial Technology Group Co., Ltd. (DIW) signed a contract for over 700 Autoconer X6 winding machines, marking the largest order in Rieter China’s history. This deal strengthens their strategic partnership, aiming to
Corporates

Indo Count And Shreeram Cotton Sign MoU For Regenagri Cotton Project

Indo Count Industries Ltd, a leader in home textiles manufacturing, and Shreeram Cotton Industries, a premier ginning unit and ICS based in Gujarat known for producing premium Sankar-6 cotton, have signed a Memorandum of Understanding (MoU) to launch the Regenagri Cotton Project, marking a significant step forward in sustainable agriculture. This collaboration unites two
Corporates

KVIC Surpasses Rs 1.5 Lakh Crore Turnover, Creates 10 Lakh Jobs

The Khadi and Village Industries Commission (KVIC) has surpassed the Rs 1.5 lakh crore turnover mark for the first time in the 2024 financial year, marking a significant milestone in its history. KVIC’s chairman, Manoj Kumar, highlighted the achievement, noting a substantial increase from the Rs 1.34 lakh crore sales reported in FY2023. Over the […]
Corporates

Coloreel Group AB Announces Bankruptcy Filing

Coloreel Group AB, the Swedish technology company renowned for its groundbreaking instant thread dyeing technology, has announced its filing for bankruptcy. The decision follows challenges in scaling business volume and securing necessary financing. Despite extensive discussions with financial investors and potential industrial partners, Coloreel has been unable to
Corporates

Indorama Ventures Names New Leaders For CPET Segment

Indorama Ventures Public Company Ltd, a global leader in sustainable chemicals, has announced new leadership appointments for its Combined PET (CPET) segment. Effective July 1, 2024, Yashovardhan Lohia will assume the role of Executive President of Petchem Special Projects. Concurrently, Muthukumar Paramasivam and Kumar Sambhaw Ladha have been appointed as Co-Presidents of
Corporates

Saurer Group Welcomes Hailin Xu

Effective 1 July 2024, Hailin Xu is the CEO of the Saurer Group, succeeding Dr. Uwe Rondé, who is leaving the company at his request. Hailin Xu joined the Saurer Group in 2018 as Senior Vice President and Managing Director of the Global Open End Product Line. Born in China and now a Swiss citizen, […]
Corporates

Eton Systems Opens New HQ In Borås To Boost Automation

Eton Systems, part of TMAS, has moved to new premises in Borås to meet the rising demand for its automated fabric and part handling solutions. Founded in 1967, Eton Systems revolutionized production with its overhead unit production system (UPS), now enhancing productivity across industries through advanced software management. CEO Jerker Krabbe said, “Our new Borås […]
Corporates

Samsara Eco Raises AUD $100 Mn To Scale Enzymatic Recycling

Samsara Eco announced the successful completion of its latest funding round, raising AUD $100 million (USD $65 million). The funding round was led by global investment company Temasek and Australian deep tech investment fund Main Sequence, with participation from new and existing backers, including Wollemi Capital, Lululemon, Hitachi Ventures, Titanium Ventures (formerly

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