News - Textile Insights - Page 245

Machinery

Vardhman Group Partners With LMW For Technological Enhancements

Textile Insights December 3, 2024

Vardhman Group Partners with LMW for Technological Enhancements through Smart Card, Breaker Draw Frame, Speed Frame, and Compact Ring Frame Solutions. In a significant step towards technological enhancement for long term vision, Vardhman Group has partnered with LMW Limited, for a major

Apparel, Fashion, Retail

PUMA Launches Green Flags Podcast To Champion Sustainability

Textile Insights November 25, 2024

PUMA has unveiled Green Flags, a five-part podcast series focused on sustainability, hosted by Manchester United captain Maya Le Tissier, fashion expert Oli Bromfield and pro-footballer-turned-content creator Moses Duckrell. The series aims to engage Gen Z listeners and raise awareness about how small changes can combat climate change. The podcast features a fun and

Product Launch & Innovation

Aquafil Launches ECONYL Bespoke Collection For Sustainable Flooring

Textile Insights November 25, 2024

Aquafil Group, renowned for its ECONYL regenerated nylon, has introduced the ECONYL Bespoke collection—a sustainable yarn portfolio inspired by natural materials. Designed to meet high-performance demands in contract, hospitality and residential spaces, the collection features solution-dyed and dyed regenerated nylon 6 yarns suitable for handmade and machine-made rugs,

Corporates

Balkrishan Sharma Joins Sintex Industries Limited As COO

Textile Insights November 25, 2024

Sintex Industries Limited, a proud member of Reliance Industries Limited, has appointed Balkrishan Sharma as its Chief Operating Officer. With an illustrious career spanning three decades in the textile industry, Sharma brings a wealth of expertise and leadership to his new role. He has held prominent positions in renowned organizations such as Vardhman Textiles, Ginni

Financial Results

Monte Carlo Revenue Up, But Margins Down In Q2 FY25

Textile Insights November 25, 2024

Monte Carlo Fashions Ltd has reported a revenue growth of 3.4% in Q2 FY25, reaching Rs 2,197 million, compared to Rs 2,124 million in the same quarter last year. However, rising costs impacted profitability, with EBITDA falling 17.3% to Rs 283 million and PAT declining 40.3% to Rs 80 million. For the first half of […]

Corporates

Starlinger Acquires Woven Packaging Division From Windmöller & Hölscher

Textile Insights November 25, 2024

Starlinger & Co. Gesellschaft m.b.H. has announced the acquisition of the woven packaging division from German machinery producer Windmöller & Hölscher (W&H), including its subsidiary, W&H Machinery GmbH, based in Vienna. The acquisition strengthens Starlinger’s position as a global leader in machinery for woven plastic packaging and brings opportunities

Corporates

revalyu Resources Commissions Second Plant At Nashik

Textile Insights November 25, 2024

revalyu Resources, a global leader in chemical PET recycling, has successfully commissioned its second plant at its Nashik, India site, further boosting its production capacity to 280 tonnes per day. With a total investment of US$100 million, the site now stands as the world’s largest PET plastic recycling facility. The site is composed of three […]

Corporates

Spinnova And Suzano Postpone Timetable For Factory Project

Textile Insights November 25, 2024

Spinnova Plc and Suzano S.A. have delayed the next stage of their wood-based SPINNOVA fibre factory project, originally set to begin in the second half of 2024. The delay stems from the process not meeting cost efficiency targets by year-end. While several sub-processes have been approved, the full pulp-to-fibre process requires further validation. Both companies […]

Corporates

Suditi Industries Acquires Iconic Children’s Wear Brand Gini & Jony

Textile Insights November 25, 2024

Suditi Industries has acquired Gini & Jony, a renowned children’s wear brand with a 44-year legacy in India. This strategic acquisition aligns with Suditi’s vision to lead the kids’ wear segment by leveraging its advanced manufacturing capabilities, efficient supply chain and technological expertise. The company plans to revitalize Gini & Jony into a

Sustainability

Indorama Ventures Showcases Sustainability Innovations At COP29

Textile Insights November 25, 2024

Indorama Ventures Public Company Ltd, a global leader in sustainable chemicals, highlighted its advancements in recycling and sustainability at COP29, held from November 11-22 in Baku, Azerbaijan. The company, in partnership with the Thai government, presented at the Thailand Pavilion and its booth, showcasing milestones like recycling over 130 billion PET bottles since

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