Apparel, Fashion, Retail

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

Textile Insights 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

Corporates

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

Textile Insights 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

Textile Insights 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

Textile Insights 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

Textile Insights 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

Textile Insights 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

Textile Insights 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

Corporates

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

Textile Insights 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

Industry

GOI Approves Rs 4,445 Crore For 7 Mega Textile Parks To Boost Industry

Textile Insights December 24, 2023

The Government of India has granted approval for the establishment of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in greenfield/brownfield sites, allocating a budget of Rs 4,445 crore. The primary objective of this initiative is to fortify the Indian textile industry by facilitating larger-scale operations, minimizing logistics costs through the