Financial Results

Syre Secures $100 Million Series A Funding For Textile Recycling

May 26, 2024

Syre, the textile impact company initiated by Vargas and H&M Group, has secured a $100 million Series A funding round. Led by TPG Rise Climate, the round included investments from H&M Group, Giant Ventures, IMAS Foundation, Norrsken VC, and Volvo cars. CEO Dennis Nobelius expressed

Event

Join the Webinar: Discover ITMA ASIA + CITME, Singapore 2025

March 20, 2024

Businesses seeking to tap into regional textile markets are invited to attend the webinar, “Springboard to Regional Markets with ITMA ASIA + CITME, Singapore 2025.” Renowned for its innovation and industry influence, ITMA ASIA + CITME is gearing up for its 2025 edition in Singapore. This event promises to be a game-changer for manufacturers in […]

Event

ITM 2024 Exhibition: Leading The Way In Sustainable Textile Production

March 20, 2024

ITM 2024 Exhibition is set to showcase the latest innovations in textile machinery, technologies, and digitalization solutions. Hosted by Tüyap Tüm Fuarcılık Yapım A.Ş. and Teknik Fuarcılık A.Ş., in collaboration with the Textile Machinery and Accessories Industrialists Association (TEMSAD), this event promises to be a melting pot of cutting-edge advancements and

Corporates

Trützschler Partnership Propels Zagis to New Heights of Innovation

March 7, 2024

Zagis S.A. de C.V., a family-owned spinning and knitting company located in Tepeji del Río, Mexico, boasts a rich history and harbors ambitious goals for a more sustainable future. Innovation has been central to its success over the past 60 years. Through its partnership with Trützschler, it has embraced cutting-edge technologies aimed at enhancing efficiency, […]

Event

ITMA ASIA + CITME: A Success For VDMA Member Companies

December 11, 2023

Over 40 VDMA member companies showcased their innovative products at ITMA ASIA CITME in Shanghai. Dr. Janpeter Horn, Chairman of the VDMA Textile Machinery Association, expressed satisfaction with the event, noting that it exceeded expectations in terms of both visitor numbers and the quality of discussions, despite a challenging market situation. Many exhibitors focused

Corporates

Muratec Presents ‘Core-Color’ At ITMA Asia

November 25, 2023

Murata Machinery Ltd (Textile Machinery Div.) showcased VORTEX 870 EX at the ITMA Asia exhibition, drawing attention for its excellence since its release. Demonstrations spotlight the spinning of recycled polyester, catering to the rising demand for sustainable practices. One standout feature is the “Core-Color” presented by Muratec, a pioneering proposal for

Corporates

Textile Recycling Innovator SaXcell Signs MoU with Birla Cellulose

November 1, 2023

SaXcell, a pioneer in textile recycling, has entered into a Memorandum of Understanding (MoU) with Birla Cellulose, a part of the Aditya Birla Group and one of the world’s largest manufacturers of man-made cellulosic fiber. This MoU marks the beginning of an extended collaboration between the two companies aimed at producing recycled man-made cellulosic fibers. […]