Industry

MP Opens Industry Office In Coimbatore to Boost Trade Ties Between MP And TN

Textile Insights July 29, 2024

Madhya Pradesh Chief Minister Dr Mohan Yadav announced the establishment of a Madhya Pradesh industry office in Coimbatore, Tamil Nadu, to enhance investment and strengthen trade ties between the two states. Addressing the ‘Invest MP-Interactive Session’ in Coimbatore, Dr Yadav

Corporates

Hirdaramani Group Invests LKR 10 Billion In Sustainable Textile Mill ‘Mihila Tex’

July 22, 2024

The Hirdaramani Group, a leader in apparel manufacturing and sustainability, has announced a significant LKR 10 billion investment in a new textile mill, ‘Mihila Tex’, in Pannala, Sri Lanka. This facility will enhance the future of the apparel industry and strengthen Sri Lanka’s role as a sustainable manufacturing hub. In partnership with Hengda Textiles, a

Apparel, Fashion, Retail

TMRW Invests Rs 125 Crore In Virat Kohli-Backed WROGN, Eyes Majority Stake

June 20, 2024

Aditya Birla Group’s modern brand conglomerate, TMRW, has acquired a 16% minority stake in the Virat Kohli-endorsed clothing brand WROGN for Rs 125 crore, with an option to increase to a majority stake in the future. With this investment, TMRW’s portfolio now includes eight Indian fashion brands. WROGN, founded in 2014 by siblings Anjana and […]

Corporates

Trident Ltd Announces Further Investment In Trident Global B.V.

June 13, 2024

Trident Limited, has announced a further investment in its step-down subsidiary, Trident Global B.V. The investment was made through Trident Home Textiles Limited (THTL), a wholly-owned subsidiary of Trident Limited. In compliance with Regulation 30 and other relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Trident

Corporates

Suominen Invests In Strengthening Sustainable Product Capabilities In Bethune, USA

May 5, 2024

Suominen is bolstering its capabilities in sustainable products by upgrading and enhancing one of its production lines in Bethune, South Carolina, USA. This strategic investment aligns with Suominen’s vision to lead in nonwovens innovation and sustainability. “This investment reinforces our position as the foremost provider of sustainable nonwovens in the Americas market,

Corporates

Texana’s US$ 20 Mn Investment To Create 4000 Jobs In Karnataka & AP

April 14, 2024

Texana, a joint venture between leading apparel manufacturing giants Texport Industries Pvt Ltd (India) and Busana Apparel Group (Indonesia), is poised to make significant strides in the industry. With plans to establish 2000 machines across two greenfield independent units in Shiggaon, Karnataka, and Kadapa, Andhra Pradesh, the venture is set to create over 4000 new […]

Fibre

Hyosung’s Backward Integration Into Raw Material For Spandex

Textile Insights April 2, 2024

Hyosung is initiating a backward integration project and is investing in producing bio-Butanediol (BDO), which is a chemical, used as a raw material for PTMG, which is used to make spandex fibre. This was announced by Hyun-Joon Cho, Chairman of Hyosung who added that the company is investing US $1 billion to establish a 200,000 […]

Apparel, Fashion, Retail

Mango Surpasses €3 Billion Turnover, Unveils 4E Plan For Future Growth

March 24, 2024

Mango, a prominent European fashion group, achieved a historic milestone in 2023, surpassing a turnover of €3 billion for the first time. With a 15% increase compared to 2022, reaching €3.104 billion, Mango’s differential value proposition propelled its remarkable growth. This milestone marks the beginning of a new era of expansion, coinciding with the unveiling […]

Corporates

Kyocera To Launch US$ 40 Million Venture Capital Fund For Innovation

March 24, 2024

Kyocera Corporation is set to launch the “Kyocera Ventures Innovation Fund-I,” a corporate venture capital fund of approximately US$ 40 million, on April 1, 2024, aimed at supporting new businesses. With a longstanding commitment to supporting startups through direct investment and collaboration, Kyocera leverages its unique technologies to fuel research and

Corporates

Piyush Goyal Welcomes Epic Group’s US$100 Million Investment In Odisha

February 19, 2024

In a significant stride towards bolstering India’s manufacturing prowess, Epic Group’s Executive Chairman Ranjan Mahtani and Aryan Mahtani met Piyush Goyal, Minister of Commerce and Industry of India. The focal point of discussion was Epic Group’s ambitious blueprint to channel a US$ 100 million investment into Odisha, India, for the establishment of an