Corporates

Debi Prasad Patra Brings Polyester Expertise To IndianOil MCPI Yarn Board

Textile Insights October 15, 2026

Debi Prasad Patra, Managing Director and CEO of MCPI Private Limited, serves as a Director on the Board of IndianOil MCPI Yarn Private Limited, bringing extensive leadership experience across the polyester and chemical industries. His association with the joint venture supports its vision of

Machinery

The LMW Spinpact – SIRO Compact Advantage For Smarter MMF Spinning

Textile Insights October 9, 2026

Globally, the textile industry has witnessed a decisive shift toward Man-Made Fibers (MMF), which today account for nearly 70% of total staple fibre consumption, compared to about 30% for cotton. Polyester Staple Fiber (PSF) alone contributes nearly 75–80% of the total MMF staple segment, highlighting its importance in modern spinning. In contrast, India continues to […]

Corporates

Ricon Industries Starts Polyester Yarn Production From Sept. 30, 2026

Textile Insights October 6, 2026

Ricon Industries, a subsidiary of R&B Denims, has expanded its business into polyester yarn manufacturing with the commencement of commercial production on September 30, 2026, at its existing facility in Mangarol, Surat district. The company has invested around Rs 25 crore as an initial capital outlay towards machinery, skilled manpower and infrastructure modifications

Corporates

IOCL, MCPI Sign JV For Rs 5,000-Crore Polyester Yarn Project In Odisha

Textile Insights September 12, 2026

Magma Chemicals & Polymers India (MCPI) and Indian Oil Corporation (IOCL) have signed a joint venture agreement to develop a Rs 5,000-crore polyester yarn manufacturing facility at Bhadrak in Odisha, moving the project closer to implementation nearly two years after it received IOCL Board approval. The agreement was signed at IOCL’s Refinery Headquarters by Debi