June 22, 2026
Corporates

Lenzing Takes Majority Stake In TreeToTextile

Lenzing Group has acquired a controlling majority stake in Swedish innovation company TreeToTextile AB, marking a strategic milestone in the development and industrialisation of next-generation, sustainable cellulosic fibres. The transaction was executed through the issuance of new shares. With this step, Lenzing strengthens its position as a leading global provider of
Corporates

Rieter Completes Acquisition Of Barmag

Rieter has successfully completed the acquisition of Barmag, effective February 2, 2026, marking a strategically significant milestone for the group. With this acquisition, Rieter becomes the world’s leading system provider for both natural and synthetic fibres. Barmag will be fully consolidated into the Rieter Group from February 2, 2026, and will operate as the group’s
Economy

Union Budget 2026–27: Integrated Textile Push, Export Incentives And MSME Support Take Centrestage

Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2026–27, outlined an expansive reform and investment roadmap for India’s labour-intensive textile and apparel sector, positioning it as a key pillar for employment generation, export growth and sustainable manufacturing. The budget proposes an Integrated Programme for the textile sector comprising