Corporates

CITI Elects New Leadership Team At 65th AGM

October 1, 2023

The Confederation of Indian Textile Industry (CITI) has elected new leadership with the conclusion of its 65th Annual General Meeting (AGM) held on September 29, 2023, conducted through a virtual platform. The freshly reconstituted committee of CITI has elected a new team to guide the

Corporates

Sintex BAPL To Establish Rs 350 Crore Manufacturing Unit In Telangana

October 1, 2023

Sintex BAPL Limited, a wholly-owned subsidiary of Welspun Corp Limited, has inked a Memorandum of Understanding (MoU) with the Telangana government, signaling its intent to invest Rs 350 crore in establishing a cutting-edge manufacturing unit in the state. The groundbreaking ceremony was attended by Telangana Industries Minister K. T. Rama Rao and B K Goenka, […]

Corporates

Trident Ltd Expands Sheeting Business And Hikes Power Generation Capacity

October 1, 2023

Trident Ltd has successfully expanded its sheeting business and co-gen power plant in Budhni, Madhya Pradesh, as of September 27, 2023. This expansion marks a strategic move that enhances Trident Ltd’s capabilities in both sheeting production and power generation. Sheeting Business Capacity Boosted Trident Ltd has substantially increased its sheeting business

Corporates

Sai Silks Kalamandir’s Stock Soars 16.60% In Three Days

October 1, 2023

Ethnic apparel retailer Sai Silks Kalamandir entered the stock market with a resounding debut on September 26, 2023, garnering significant attention from investors. The company’s stock was listed at a premium price of Rs 231, marking a 4% increase over the issue price of Rs 222. During its initial day of trading, Sai Silks Kalamandir […]

Corporates

French Weaving Company, LTC, Makes Sustainable Investment In Stäubli Technology

October 1, 2023

French weaving company Les Tissages de Charlieu (LTC) has invested in 40 new Stäubli SX PRO Jacquard machines in the first quarter of 2023. While LTC had previously engaged with Stäubli for Jacquard machines, this latest procurement is in line with LTC’s overarching Environmental, Social, and Governance (ESG) strategy. A key driver behind LTC’s choice […]

Corporates

ITTA Announces Change In Board Leadership

October 1, 2023

The Indian Technical Textile Association (ITTA) has announced a change in its leadership. The association has bid farewell to the retiring Chairman Amit Agarwal, while welcoming Avinash Misar as the new Chairman and Mahesh Kudav as the Vice Chairman. Avinash Misar Assumes the Role of Chairman Avinash Misar, formerly the Vice Chairman of ITTA, takes […]

Corporates

Indian Spinners Association Elects New Leadership At AGM

October 1, 2023

The Indian Spinners Association (ISA) announced the outcome of its Annual General Meeting (AGM) held on September 22, 2023, unveiling new leadership to steer the association forward. Prashant Mohota, the Managing Director of Gimatex Industries Ltd, assumed the role of President. Gimatex Industries Ltd boasts an integrated textile plant located in Hinganghat near Nagpur and

Corporates

Trützschler Nonwovens And Texnology Collaborate To Enhance Technical Centre

October 1, 2023

Trützschler Nonwovens, in partnership with Texnology from Italy, is spearheading the transformation of the Nonwovens Customer and Technical Centre (NCTC) in Egelsbach, Germany. The ambitious project involves the installation of a T-Suprema needle-punching line, marking a significant development in the nonwovens industry. The journey commenced on September 25, 2023, and

Corporates

Kitex Setting Up World’s Longest Integrated Textile Project

Textile Insights September 30, 2023

Kitex Group, the second largest global producer of babywear laid the foundation stone of its second fully integrated fibre-to-apparel production hub in Telangana, which will be the world’s longest integrated factory. The foundation stone for the second cluster is located in Seetharampur, Rangareddy and upon completion; it will stretch across 1.2 kilometers, set to

Corporates

Indorama Ventures Hits Landmark Of Recycling 1bn PET Bottles

Textile Insights September 26, 2023

Indorama Ventures Public Company Limited, a global sustainable chemical company has recycled 100 billion post-consumer PET bottles since February 2011. “This has diverted 2.1 million tons of waste from the environment and saved 2.9 million tons of carbon footprint from the product lifecycles,” the Thailand headquartered company said in a press release. Demonstrating its