Corporates

Italian Textile Machinery Manufacturers Head To Turkmenistan For Strategic Mission

June 1, 2024

From June 24 to 28, a delegation of Italian textile machinery manufacturers will be in Turkmenistan for an institutional mission organized by ACIMIT (the Association of Italian Textile Machinery Manufacturers) and the Italian Trade Agency. The delegation has scheduled institutional and

Corporates

Garment Brand Libas Bags Rs 150cr Funding From ICICI Venture

Textile Insights May 31, 2024

Omni-channel retailer and ethnic wear brand Libas has successfully closed its first external funding round and bagged an investment of Rs 150 crore by IAF Series 5, a fund managed by ICICI Venture. Libas has fast-tracked its growth to become a leading force in the online fashion segment, captivating customers with its dynamic product range […]

Corporates

RSWM Honoured With Three Gold Export Awards By TEXPROCIL

Textile Insights May 28, 2024

Riju Jhunjhunwala led RSWM Ltd has won three gold awards at TEXPROCIL Awards for highest export of denim fabric (2021-22) and processed yarn (2021-22, 2022-23). RSWM Ltd’s journey to success is marked by a relentless pursuit of excellence across all aspects of its operations. Whether it is leveraging state-of-the-art machinery to implementing best industry practices, […]

Corporates

Speciality Lubricants Maker Klüber Expanding Indian Production

Textile Insights May 27, 2024

Speciality lubricants manufacturer Klüber Lubrication is expanding its production facility in Mysore, which will be fully operational by the beginning of 2027. “Klüber India’s manufacturing plant in Mysore is spread over 17,000 sq. meters at present and produces world-class specialty lubricants,” the company said in a press release. The company had recently announced an

Corporates

Bodal Chemicals Announces Permanent Closure Of Several Manufacturing Units

May 26, 2024

Bodal Chemicals has announced the permanent cessation of production activities at its manufacturing facilities in Unit-1, Unit-3, and Unit-4 located at Vatva GIDC, Ahmedabad. These units, which have been producing dye intermediates and dyestuffs, were constructed between 1989 and 1993. Due to technological advancements, these older plants have become economically unviable

Corporates

Ralph Lauren Appoints Justin Picicci As New CFO

May 26, 2024

Ralph Lauren Corporation has appointed Justin Picicci as Chief Financial Officer (CFO), effective immediately. Jane Nielsen, who has served as CFO and Chief Operating Officer (COO) since 2019, will remain COO, continuing to lead operational and strategic functions through Fiscal 2025 (ending March 29, 2025). This appointment is part of a strategic succession plan to […]

Corporates

Loepfe Brothers Welcome Markus Kleindorp As New CEO

May 26, 2024

Loepfe Brothers has announced the appointment of Markus Kleindorp as its Chief Executive Officer (CEO), signaling a strategic shift in leadership and direction. Markus Kleindorp, a distinguished figure within the textile industry, joins Loepfe Brothers Ltd with a wealth of experience garnered from his successful tenure within the Vandewiele Group and his previous role as

Corporates

Huntsman 2023 Sustainability Report Showcases Innovative Products To Meet Sustainability Challenges

May 26, 2024

Huntsman Corporation has released its 2023 corporate sustainability report, “Solutions for Sustainability,” available on Huntsman.com/sustainability. This interactive report showcases Huntsman’s contributions to addressing sustainability challenges through its innovative products. “The report underscores how Huntsman’s solutions are vital for

Corporates

Fast Fashion Brand Shein Plans London Stock Exchange IPO

Textile Insights May 22, 2024

Fast fashion brand Shein which had earlier planned to launch an IPO on the Chinese stock exchange has changed plans and will now submit an IPO application to the London Stock Exchange. Earlier this year, the China Securities Regulatory Commission advised Shein against an IPO in the United States due to the company’s supply chain […]

Corporates

Thailand based Indorama Ventures Rebrands & Rolls Out New Logo

Textile Insights May 22, 2024

Indorama Ventures Public Co. Ltd. Has developed and launched a new logo to reflect its modernity, sustainability, innovation, and the quality its provides to its customers worldwide. “The new logo conveys our commitment to be a world-class sustainable chemical company producing indispensable chemistry that touches billions of lives every day,” the Aloke Lohia led company