The board of directors at Hennes & Mauritz AB has appointed Daniel Ervér as the new President and CEO of the H&M Group. This decision follows the departure of Helena Helmersson, who has gracefully stepped down from her role as CEO. Daniel Ervér, born in 1981, brings a wealth of
Mimaki Europe, a leading manufacturer of inkjet printers and cutting-edge technologies, has appointed Takao Terashima as its new Managing Director. Commencing his journey with Mimaki in 1997 within the Research and Development Department, Terashima has honed his extensive expertise in Mimaki’s technology portfolio and the surrounding market throughout his 26-year
Poddar Pigments Ltd has partnered with IB Vogt Solar India for a 3 MWp solar power plant in Jaisalmer, Rajasthan. The plant aims to generate electricity for captive consumption, highlighting Poddar Pigments’ commitment to sustainability. The move signifies a step towards eco-friendly practices and reduced carbon footprint, showcasing the company’s dedication to
HeroWear, a leading manufacturer specializing in soft, textile-based exoskeletons known as exosuits, released a new industry report demonstrating an 8% increase in productivity through the use of their technology. Conducted in collaboration with an international grocery retailer, the study also revealed a 30% reduction in work-related lower back discomfort and a 39%
In the quarter ended December 31, 2023, Himatsingka, a leading textile manufacturer, reported consolidated financial highlights showcasing both challenges and triumphs. The company’s consolidated total Income decreased by 3.3% YoY to Rs 725.10 crore compared to Rs 750.04 crore in Q3 FY23. EBITDA witnessed robust growth, surging by 35.3% to Rs 158.39 crore from Rs
In a recent announcement, Banswara Syntex Ltd, a leading textile company, disclosed its financial results for the first nine months of fiscal year FY24. Commenting on the results, Ravindra Kumar Toshniwal, Managing Director, remarked, “The second half of fiscal year FY24 has begun on a softer note, with challenges persisting, particularly on the demand side […]
Eastman Chemical Company reported fourth-quarter and full-year 2023 results with significant achievements. The company generated approximately US$ 1.4 billion in cash from operating activities in 2023, showcasing robust cash flow. Demonstrating commercial prowess, Eastman offset macro-driven volume challenges with pricing excellence, reducing costs by about US$ 200 million
DuPont and Point Blank Enterprises have announced an exclusive agreement to provide North American state and local law enforcement departments with body armour made with Kevlar EXO aramid fibre. Representing a major innovation in aramid fibres, Kevlar EXO offers an unparalleled blend of lightweight, flexibility and protection for intense conditions. Point Blank, leveraging
SquadLocker and TeamSnap are teaming up to provide an improved experience for sports teams. Every new team created on the TeamSnap app will now have access to a personalized Team Store through SquadLocker’s Partner API. Team administrators can customize gear using SquadLocker’s extensive catalog, featuring brands like Nike and Adidas. The partnership introduces
The Karur Textile Manufacturer Exporters’ Association (KTMEA) achieved another milestone in its dedicated service to the home textile industry with the inauguration of the first batch of the Merchandiser course. The momentous event took place at KTMEA’s Training Centre on February 1, 2024, with the President M. Nachimuthu leading the inauguration ceremony. The





















