Corporates

Vietnamese Garment Exporter’s Dividend 10 Times Of Share Price

Textile Insights April 25, 2024

Vietnamese apparel exporter Phan Thiet Garment Export (PTGE) is paying the 2023 dividend to its shareholders, which is 10 times above its prevailing share price. At a recent AGM, the board of directors approved a 100 percent dividend whose payout is VND 5,000 per share as against its current

Corporates

NILIT And Shenma Industry Form Strategic JV In China

April 21, 2024

NILIT, the foremost provider of high-performance Nylon 6.6 fibres for the apparel industry, and Shenma Industry Co., Ltd., a subsidiary of China Pingmei Shenma Group and a leader in the industrial Nylon 6.6 market, have announced the establishment of a strategic joint venture. This partnership marks a significant milestone in expanding production capacity and fostering

Corporates

Albany International Announces Cessation Of Manufacturing Operations In South Korea

April 21, 2024

Albany International Korea, Inc., a subsidiary of Albany International Corp., has announced its decision to cease manufacturing operations at its facility in Chungju, South Korea, and relocate production to other Albany International manufacturing facilities. This strategic move is aimed at optimizing forming fabric capacity to better meet local market demand and serve the

Corporates

Arrow Digital Installs Second EFI FabriVU Printer At Macromedia Hyderabad

April 21, 2024

Macromedia, a leader in printing solutions, has announced the addition of the EFI FabriVU 340i+ to its array of cutting-edge printing solutions, marking a significant milestone in its commitment to innovation and excellence. Sam Patel, MD & CEO of Arrow Digital Pvt. Ltd., congratulated Naresh, Director of Macromedia, on the installation, emphasizing the transformative

Corporates

Yarn Producer Sanathan Textiles To Raise Rs 800 Crore Via IPO

Textile Insights April 20, 2024

Yarn manufacturer Sanathan Textiles has filed preliminary papers with capital markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the IPO is a combination of a fresh issue of equity shares aggregating up to Rs 500 crore and an Offer For Sale […]

Corporates

Indo Count Acquires Iconic US Brand WAMSUTTA

April 19, 2024

Strategic Acquisition Strengthens Indo Count’s Global Reach and Brand Prestige Indo Count, the largest global bed linen manufacturer and exporter from India, announces its strategic acquisition of the international home fashions brand WAMSUTTA from Beyond Inc. Wamsutta – an industry-leading home fashions brand – has delighted generations of consumers with luxurious

Corporates

CEO Thomas Oetterli Elected As Chairman Of Rieter BoD

Textile Insights April 18, 2024

CEO Thomas Oetterli was elected as Chairman of the board of directors (BoD) of Rieter Holding at the 133rd annual general meeting of the Swiss textile machinery manufacturing company. Additionally, 312 shareholders who attended the meeting and who represent 68.7 percent of the share capital approved the proposal to distribute a dividend of CHF 3.00 […]

Corporates

Globe Textiles Eyeing Turnover Of Rs 520 Crore By 2027

Textile Insights April 16, 2024

NSE listed Globe Textiles India is setting up a plant to manufacture 600,000 apparel pieces per month and is also eyeing a turnover of Rs 520 crore in the next three years. With a Zero Liquid Discharge (ZLD) system and partly solar generation which minimises energy costs while using green energy, the company uses nature-friendly […]

Corporates

Trident Group Celebrating Mission Day in Honour of Workforce

Textile Insights April 16, 2024

The Trident Group with a mission to fostering an inclusive and empowering workplace for its employees commemorated its foundational milestone, Mission Day on April 15 in Sanghera and on April 18 in Budhni. “Mission Day holds a special place in Trident’s calendar as it serves as a moment to recognise and appreciate the relentless dedication […]

Corporates

BRÜCKNER Celebrates 75 Years Of Textile Machinery Excellence

April 16, 2024

This year marks a significant milestone for BRÜCKNER, the renowned German family-run company, as it celebrates its 75th anniversary. With over 6000 BRÜCKNER lines operating worldwide, the company continues to be a global leader in textile machinery, catering to a diverse range of industries and applications. From industrial textiles to nonwovens, textile floor coverings,