Corporates

Himatsingka Seide’s Board Approves Rs 400 Crore Fund Raise And Director Appointment

January 28, 2024

Himatsingka Seide Ltd, a leading player in the textile industry, unveiled strategic decisions following its Board of Directors meeting on January 25, 2024. Fund raising and capital structure enhancement: The board has greenlighted fund raising up to Rs 400 crore, utilizing equity shares or

Corporates

Rossari Biotech Announces Strong Q3 FY24 Financial Results

January 28, 2024

Rossari Biotech Ltd, a leading specialty-chemicals manufacturer, has revealed robust financial performance for the quarter ended December 31, 2023. Revenue from operations grew by 19% to Rs 463.8 crore compared to Rs 389.3 crore in Q3 FY23. EBITDA improved by 18% to Rs 63.7 crore from Rs 54.2 crore, with an EBITDA margin at 13.7%. […]

Corporates

Mikusu India Acquires 1.74% Equity In Daikaffil Chemicals India

January 28, 2024

Daikaffil Chemicals India Ltd, based in Tarapur, Maharashtra, has witnessed a 1.74% change in its equity and voting share capital with Mikusu India Pvt Ltd acquiring 104,499 equity shares on January 23, 2024. This acquisition is in line with the open offer for equity shares, as previously disclosed on January 17, 2024. The transaction, governed […]

Corporates

Rieter Acquires Petit Spare Parts SAS For Enhanced After-Sales Support

January 28, 2024

Rieter Group, the world’s leading supplier of systems for manufacturing yarn from staple fibres in spinning mills headquartered in Winterthur, Switzerland, has acquired the French company, Petit Spare Parts SAS, effective January 5, 2024. The acquisition is set to strengthen Rieter Group’s dynamic after-sales business. Petit Spare Parts SAS is a renowned supplier in the

Corporates

Shengtai Textile’s 300,000-Spindle Yarn Plant Construction On Track

January 28, 2024

Shengtai Textile Co., Ltd., located in Zhoukou, Henan province, is making rapid progress in the construction of its 300,000-spindle spun yarn project. The company is set to implement a fully automated process, transforming the facility into a “dark factory.” With a significant investment of 5.2 billion yuan, the Shengtai Textile Industrial Park has evolved into

Corporates

Giltex Joins ITMF To Lead Textile Integration In South Caucasus

January 28, 2024

Giltex LLC, the sole vertically integrated company in Azerbaijan and the entire South Caucasus region, has joined International Textile Manufacturers Federation (ITMF). Christian Schindler, Director General of ITMF, expressed enthusiasm about Giltex joining ITMF, highlighting the global nature of the textile industry. He emphasized the significance of international

Corporates

Song Hong Garment Initiates Mega Factory With Investment Of Over VND700 Billion

January 21, 2024

Song Hong Garment Company marked its 35th anniversary with the initiation of the Song Hong-Xuan Truong 2 factory in Nam Dinh Province at the end of November 2023. Representing a significant addition to Vietnam’s textile and apparel sector, the sprawling 9.6-hectare facility encompasses three workshops, a warehouse, a cutting workshop, an office building and green

Corporates

Arvind And Gap Lead With First Open-Source Center For Water Sustainability

January 21, 2024

Arvind Ltd and Gap Inc. marked a significant milestone with the inauguration of the Global Water Innovation Centre for Action (GWICA), the world’s first open-source innovation centre for water sustainability in apparel. This pioneering initiative aims to drive collaborative efforts towards sustainable water practices within the apparel industry, reinforcing the

Corporates

Welspun Living Wins JYSK’s ‘Supplier of the Year’ and Deloitte’s ‘Best Managed Company’ Awards

January 20, 2024

Welspun Living Ltd has achieved dual milestones by being honored with the prestigious ‘Supplier of the Year Award’ 2023 from JYSK, Europe’s retail giant, and the esteemed ‘Best Managed Company’ title by Deloitte for the second consecutive year in 2023. JYSK’s ‘Supplier of the Year Award Welspun Living’s exceptional commitment

Corporates

Nazdar Appoints Shaun Pan As Chief Commercial Officer

January 20, 2024

Nazdar, a leading manufacturer of digital inkjet, screen printing and flexographic inks and a distributor of printing supplies world-wide, has announced the appointment of Shaun Pan to position of Chief Commercial Officer (CCO), effective immediately. Shaun was previously Chief Strategy Officer (CSO) of Nazdar. This is a recognition of Shaun’s outstanding