Corporates

RSWM Launches “For All Reasons, For All Seasons” Campaign

Textile Insights August 14, 2024

RSWM Limited, a leading player in the textile sector and part of the LNJ Bhilwara Group, has introduced its new digital campaign, “For All Reasons, For All Seasons.” This initiative highlights RSWM’s six-decade legacy of enhancing Indian lives with premium textiles. The campaign

Corporates

Indorama Ventures To Close PTA Plant In Montréal-Est

Textile Insights August 14, 2024

Indorama Ventures’ Combined PET business segment has announced plans to discontinue operations at its Purified Terephthalic Acid (PTA) plant in Montréal-Est, Montral, Canada with preparations for the closure set to begin in September 2024. This decision follows significant shifts in the polyester industry, notably due to new constructions and ongoing overcapacity in

Corporates

RSWM To Set Up New Production Unit In J&K

Textile Insights July 31, 2024

In a major boost for industrial growth in Jammu and Kashmir, RSWM Limited has announced its plans to establish a new production unit in the region. This move comes after the company received government approvals under the New Central Sector Scheme for Industrial Development of Jammu and Kashmir, 2021. RSWM has been allotted 32 acres […]

Corporates

Eastman Exports Appoints Ritesh Kumar As CEO

Textile Insights July 29, 2024

Tiruppur-based Eastman Exports, India’s fourth largest knitwear manufacturer and exporter, has announced the appointment of Ritesh Kumar as its Chief Executive Officer (CEO). Kumar brings with him 25 years of extensive experience in garment industry, having previously served as the Senior Vice President at Shahi Exports. Kumar’s appointment reflects Eastman Exports’

Corporates

Freudenberg Apparel Opens Advanced Thermal Insulation Factory In Vietnam

Textile Insights July 28, 2024

Freudenberg Performance Materials Apparel (Freudenberg Apparel) has announced the opening of its advanced thermal insulation factory in Long Thanh district, Vietnam. This facility produces comfortemp, Freudenberg’s high-performance thermal insulation material for fashion and sportswear apparel. “Opening our first production site in Vietnam enables us to meet the

Corporates

RE&UP Secures €70M To Expand Textile Recycling Capacity

Textile Insights July 25, 2024

Proparco has granted a €70 million senior loan to RE&UP Recycling Technologies, a circular-tech textile recycling venture of SANKO Group, to expand its textile recycling capabilities and reduce its environmental footprint. This funding will help RE&UP scale its next-gen recycled fiber production and build a new textile-to-textile recycling factory in Gaziantep,

Corporates

Saurer Introduces Ideal Group As New Agent For Pakistan

July 22, 2024

Saurer has announced Ideal Group as the new agent for spinning and pre-spinning in Pakistan, effective 1 July 2024. Saurer recently hosted Khurram Ishtiaq, CEO and Muhammad Nasrullah, COO of Ideal Group at its Sustainability Hub in Übach-Palenberg, Germany. During their visit, they engaged in detailed discussions and in-depth training sessions and were introduced to […]

Corporates

Hirdaramani Group Invests LKR 10 Billion In Sustainable Textile Mill ‘Mihila Tex’

July 22, 2024

The Hirdaramani Group, a leader in apparel manufacturing and sustainability, has announced a significant LKR 10 billion investment in a new textile mill, ‘Mihila Tex’, in Pannala, Sri Lanka. This facility will enhance the future of the apparel industry and strengthen Sri Lanka’s role as a sustainable manufacturing hub. In partnership with Hengda Textiles, a

Corporates

Vinted Appoints Maurizio D’Arrigo As New CFO

July 22, 2024

Vinted, Europe’s leading online C2C marketplace for second-hand fashion, has appointed Maurizio D’Arrigo as CFO. Maurizio brings extensive experience in e-commerce and marketplaces, having begun his career at Accenture and spending nearly 20 years at eBay in roles such as CFO UK, CFO Europe and CFO, Global Markets. In 2024, he led eBay’s UK business. […]

Corporates

Hengcheng’s US$ 70 Mn Textile Factory in SCZone To Create 1,500 Jobs

July 22, 2024

A ceremony for Hengcheng textile factory took place in the Qantara West Industrial Zone of the Suez Canal Economic Zone (SCZone), marking a significant boost to the textile industry with $70 million in investments. The factory is expected to achieve annual sales of $300 million, contributing to industry growth. Spanning 200,000 sq metres, the factory […]