Corporates

Nexgen Packaging Welcomes Kevin DeSpain As Senior VP Of Sales

September 7, 2023

Nexgen Packaging, a global leader in retail, apparel, and footwear packaging, is excited to announce the appointment of Kevin DeSpain as Senior Vice President of Sales for the Americas. In this new role, DeSpain will oversee sales and data integration teams in the Americas and lead sales and

Corporates

Andrea Limbardi Joins Reitmans Ltd Board As President And CEO

September 7, 2023

Reitmans (Canada) Limited announced the appointment of Andrea Limbardi to the Company’s Board of Directors. Limbardi’s appointment to the Board follows her concurrent appointment as the Company’s President and Chief Executive Officer. Limbardi was previously President at Indigo, Canada’s leading book and lifestyle retailer where she was responsible

Corporates

Setex Schermuly Sells Majority Stake To Elvaston Capital

Textile Insights September 6, 2023

Setex Schermuly, a supplier of automation and software solutions for the textile finishing industry has sold a majority stake in the company to Elvaston Capital Management GmbH. Private equity partner Elvaston has set up Textile Solutions Holding GmbH, a company which will manage a portfolio of technology companies that ensure seamless integration along the textile […]

Corporates

Fifth Edition Of Indorama Ventures’ ‘Circular Innovation Challenge’

Textile Insights September 4, 2023

Indorama Ventures Public Company Limited, a global sustainable chemical company announced its support for the ‘Circular Innovation Challenge 2023’ for the third consecutive year. “The five-week hackathon aims to inspire and engage young people across Southeast Asia to create solutions to address sustainability challenges and the circular economy in Southeast Asia and

Corporates

Company Culture At The Yarn Bazaar: Promoting Collaboration And Creativity In Our Workplace

September 4, 2023

In today’s ever-evolving corporate landscape, company culture has long been dismissed as a soft and secondary aspect of business, often overshadowed by the more tangible metrics such as profit and loss. However, the post-covid world has brought about a profound shift in thinking, prompting a reevaluation of these conventional notions. We have come to realise […]

Corporates

Rajapalayam Mills Ltd Commissions New Fabric Expansion And Processing Units

September 3, 2023

Rajapalayam Mills Ltd commissioned its Fabric Expansion Unit and Fabric Processing Unit for commercial production on September 1, 2023. The new unit features a weaving capacity of 166 looms and a fabric processing capacity of 50,000 metres per day. This expansion enables the company to provide finished, ready-to-stitch apparel fabrics to its customers. To ensure […]

Corporates

Rabatex Industries And Piotex Enter Into Strategic Partnership

September 3, 2023

Rabatex Industries and Piotex have joined hands, leveraging their strengths in the textile industry. Rabatex Industries, a textile machinery pioneer since 1962, boasts a state-of-the-art manufacturing facility and a global presence in 36 countries. The company’s product line-up includes high speed automatic sample warper (model RI 6001) for enhancing sampling

Corporates

T.T. Limited Expands Footprint In UP’s Textile Hub

September 3, 2023

T.T. Limited has formalized its collaboration with the Uttar Pradesh government by signing a Memorandum of Understanding (MOU) to participate in the prestigious PM Mitra Park located in Lucknow, Uttar Pradesh. In a significant stride towards bolstering the textile industry, the company has initiated the process of securing 15 acres of land within the state’s […]

Corporates

Aditya Birla Fashion And Retail To Raise Rs 750 Crore

September 3, 2023

In a recent regulatory filing, Aditya Birla Fashion and Retail (ABFRL) announced its intention to secure Rs 750 crore in funds through debt bonds. The fundraising is scheduled to take place on or after September 4, 2023, through a private placement offering. The company plans to issue 75,000 listed, unsecured, rated, redeemable non-convertible debentures, each […]

Corporates Industry

Certificates & Labels Issued By Oeko-Tex Increases 21%

Textile Insights August 31, 2023

Certificates and labels issued by the Oeko-Tex Association between July 1, 2022 and June 30, 2023 rose 21 percent year on year, to 43,000. The ‘Made in Green’ label recorded the strongest growth of 52 percent, Oeko-Tex said in a press release. For their two new certifications, Oeko-Tex focused on cooperation with numerous parties along […]