Corporates

Durst Group Acquires Digital Printer Maker Aleph SrL

Textile Insights September 20, 2023

Manufacturer of advanced digital printing solutions Durst Group has acquired Aleph SrL, a pioneer in sustainable digital solutions for textiles and interior and exterior decorations. “With this strategic move, Durst Group further enhances its position in water-based and sustainable printing

Corporates

Indorama Ventures Invests US$ 150M In Three Indian PET Recycling Plants

September 17, 2023

Bangkok-based Indorama Ventures Public Co Ltd is investing US$ 150 million in three PET recycling plants in India, with plans to commence commercial production by 2026, reported PTI. The plants will be located near existing PET production facilities in Haldia, Nagpur and Panipat. This move will augment Indorama Ventures’ current 800,000 tonne/year PET production for

Corporates

Pioneer Embroidery Ltd Commences Embroidery And Lace Production In Maharashtra

September 17, 2023

Pioneer Embroidery Limited (PEL) has initiated commercial production of embroidery and laces at its facility located in Shree Ganesh Integrated Textile Park (SGITPL), Degaon-Dhule, Maharashtra. The Degaon unit is now operational with eight advanced computerized machines imported from Lasser AG, Switzerland, signifying the implementation of PEL’s second-phase business

Corporates

Siyaram Silk Mills Raises Buyback Price, Shares Surge 8%

September 17, 2023

Shares of Siyaram Silk Mills saw an 8% jump on September 15, driven by the company’s decision to raise the share buyback price to Rs 720 per equity share, up from the initial Rs 650. However, the company revised its buyback quantity to a maximum of 14,99,992 fully paid-up equity shares, which accounts for 3.20% […]

Corporates

Welspun Selects dentsu X As Media Partner To Elevate Brand Strategy

September 17, 2023

Welspun, a global home textiles leader, has selected dentsu X, the data and tech-driven agency from dentsu India, as its media partner. This decision follows a rigorous multi-agency pitch and will be managed from dentsu X’s Mumbai office. Under this partnership, dentsu X will leverage its talent pool to provide innovative solutions aimed at enhancing […]

Corporates

Elvaston Capital Integrates Datatex & Setex Into Holding Company

Textile Insights September 16, 2023

Elvaston Capital which acquired majority stakes in Datatex and Setex has integrated these two companies into a holding company, Textile Solutions Group, which will specialise in IT solutions for the textile sector. The holding company will expand with new acquisitions, to become a benchmark and standard for digital solutions by fully integrating all manufacturing and […]

Corporates

Santoni Shanghai Acquires Knitting Machine Manufacturer Terrot

Textile Insights September 13, 2023

Shanghai based Santoni Shanghai Knitting Machinery, which has been founded and wholly owned by Italy’s Lonati family, has acquired Terrot GmbH, a German manufacturer of circular knitting machines. “This acquisition is in tune with Santoni Shanghai’s long-term vision to build an ecosystem that aims to reshape and consolidate the circular knitting industry,” the

Corporates

KKR Picks Additional Rs 2069 Crore Stake In Reliance Retail

Textile Insights September 12, 2023

Mukesh Ambani led Reliance Retail Ventures has received an investment of Rs 2,069.50 crore through an affiliate of global investment firm KKR. This investment values Reliance Retail a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country. “KKR’s follow-on investment will translate […]

Corporates

Balkrishan Sharma Joins RSWM Limited as Yarn Business Head and CEO

September 11, 2023

In a significant industry move, renowned textile leader, Balkrishan Sharma has been appointed as the Business Head and Chief Executive of Yarn Business at RSWM Limited, effective today, September 11th, 2023. Mr. Sharma’s tenure with Ginni Filament Limited concluded on September 9th, marking the beginning of his new leadership role at RSWM Limited. RSWM Limited, […]

Corporates

PDS Ltd Launches Solar Power Plant And 2023 Sustainability Report

September 10, 2023

PDS Limited has announced two significant sustainability milestones in alignment with the company’s commitment to fostering a more eco-friendly fashion value chain. The company has launched a solar power plant at its manufacturing unit, Green Smart Shirts Ltd (GSSL) in Bangladesh and unveiled the third edition of its annual Sustainability Report. The solar power