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Welspun India re-appoints Rajesh Mandawewala as MD

Welspun India Ltd., India’s leading textile conglomerate, has re-appointed Rajesh Mandawewala as the Managing Director. His re-appointment has been approved by the Board for a period of five years effective April 1, 2017. Mandawewala, whose term is going to end on March 31, is the co-promoter of the firm and has been associated with the company since its inception. It is pertinent to note that Welspun has recently inaugurated its Advanced Textiles Plant at Anjar, Kutch, […]

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Taipei textile manufacturer to start garment plant in Vietnam

Taipei-based textile manufacturer Far Eastern New Century Corp. said that its new garment plant in Vietnam might start its operations in the first half of this year, boosting production by 1 million dozen garments each year. “Next year, the capacity of the new plant is likely to reach 2 million dozen if we are able to hire enough workers,” a company official remarked. The company, a subsidiary of Far Eastern Group, has an annual production […]

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Indian Textiles Minister inaugurates Welspun’s Advanced Textiles Plant

Indian Textiles Minister Smriti Irani has inaugurated the Advanced Textiles Plant of Welspun India Ltd., India’s leading textile conglomerate at Anjar, Kutch, Gujarat. With the inauguration of the plant, Welspun, placed amongst the largest home textile manufacturers in the world, has forayed into new technologies in its Technical Textile Business. The plant will have unique capabilities of Spun Lace and Needle Punch lines which can manufacture multilayer composites for various applications. BK Goenka, Chairman, Welspun […]

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Silver Composite working on various fronts to excel and flourish

A fully vertically integrated entity with yarn, fabrics and garmenting facilities (Unit 1 – Garments, Unit 2 – Spinning, and Unit 3 – Fabrics), Silver Composite Textile Mill Limited (SCTML) is part of the Silver Line Group owned by entrepreneur M.A.H. Salim. It is also the only vertically integrated yarn dyed woven fabric manufacturer in Bangladesh, catering to large retailers from Europe, USA and Asia, including names like H&M, ZARA, GAP, TOM TAILOR and NEXT, for […]

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DuPont to close Kevlar production unit in South Carolina (US)

US-based textile products manufacturer, DuPont, is shutting its Kevlar production plant in Berkeley County, South Carolina (US) this June after six years of operation citing declining demand for synthetic fibre in protective gear such as helmets and bullet-proof vests. DuPont is moving its production to Richmond, Virginia where the company is already running its business of high-strength fibre manufacturing. DuPont increased its global Kevlar manufacturing capacity by 25 per cent in October 2011, when the […]

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Nenagh textile company bags award at Showcase 2017

Nenagh textile manufacturer John Hanly & Co. Ltd. has bagged top award at the annual creative trade show “Showcase” which took place recently in Ireland. ‘Overall Winner of the Best Product Award’ was handed over to Brian Hanly, Managing Director, John Hanly & Co. Ltd. and Karen Hennessy, Chief Executive of the Design & Crafts Council of Ireland. Their recent collaboration with top Irish designer Mariad Whisker was also recognized at the show. “We are […]

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Vietnam fines Hong Kong-based textile firm over wastewater discharge

A Hong Kong-based textile company has been fined for environmental violation in Vietnam. Pacific Crystal Textiles Limited located at Lai Vu Industrial Park in Kim Thanh District has been asked to pay VND 672 million (US $ 29,372) as fine by Mayor Nguyen Duong Thai over discharging wastewater that exceeded permitted levels of toxic waste in Vietnam. Pacific Crystal, which began its commercial operations at its US $ 425 million-plant in Hai Duong in December […]

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Menswear label Rare Rabbit expands its reach

Rare Rabbit, a premium men’s apparel brand and the fashion arm of Radhamani Group, a Mumbai (India)-based textile producer and exporter will open 31 more stores by the end of March 2018 in the country. Another three outlets at Surat, Mumbai and Kochi will be operational by next week. The brand is also mulling over opening outlets overseas and is in talks with franchise partners in France, Germany, Amsterdam and Gulf Cooperation Council. Also Read […]

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Fine Cotton Factory is now GOTS certified

Textiles manufacturer, Fine Cotton Factory has completed the certification process and received the Global Organic Textile Standard (GOTS) certification, which entitles the company to offer GOTS certified fabrics. Fine Cotton Factory’s mattress ticking and its washing and knitting processes are covered by the certification. GOTS certification ensures organic, environmental and socially responsible manufacturing of textiles, from growing through production, packaging, labelling and distribution of all organic fibres to provide a credible assurance to the consumer. […]

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Wolford reports decline in revenue

Austrian textile manufacturer, Wolford AG has announced that it generated revenues of Euros 67.62 million (US $ 70.60 million) in the first half of the current financial year with a year-on-year decline of 14.7 per cent. As a consequence of weaker customer frequency and a delivery date shifted to the next quarterly period, second-quarter revenues were down 11.9 per cent to Euros 39.88 million (US $ 41.64 million). Wolford-owned retail stores also recorded a noticeable […]

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Industry Stalwart: Khalilur Rahman, Founder Chairman, KDS Group

The critical difference between success and failure is a vision backed by hard work and commitment to what one believes in! And this cannot be more true than in the case of industry stalwart Khalilur Rahman, Founder Chairman, KDS Group, whose motivation to generate employment for the poor and help in the process of nation building by earning and also saving foreign exchange led to the creation of business empire, which stands even today on […]

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American textile manufacturer invests to expand operations

US-based Solid Stone Fabrics, a textile manufacturer and distributor of stretch fabrics, will reportedly invest US $ 1.5 million to expand its operations in Henry County (Georgia) by accommodating new technological equipment and include building improvements at the existing unit. As a support from the State Government, US $ 50,000 funding is being awarded to the manufacturer for the project from the Commonwealth’s Opportunity Fund. The company is also eligible to receive sales and use […]

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Terrot closes its first deal with Iranian textile manufacturer

German circular knitting machine manufacturer Terrot had recently sent its delegation, including its Managing Director Andreas Von Bismarck to Iran for finding business opportunities and building contacts in the Islamic Republic. Accompanying Bismarck were a few other Saxon entrepreneurs guided by the Saxon Minister of Economic Affairs, Labour, and Transport, Martin Dulig, who explained this positive start made by Terrot, which will help Saxon business in general to gain a better foothold in the Iranian […]

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Raymond unveils FY2016 results

Indian textile major, Raymond has registered a 5 per cent surge in its net sales to Rs. 5,594 crore in financial year 2016, ending March 31, as against Rs. 5,332 crore last fiscal. The growth is attributed to strong performance of textile and apparel segments. The company’s branded textiles segment noted a surge of 5 per cent in net sales to Rs. 2,665 crore in the reporting period as compared to Rs. 2,545 crore last […]

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Welspun India posts surge in Q4 FY16 Net Profit

Terry towel manufacturer Welspun India has registered a rise of 19.77 per cent in its net profit (consolidated) to Rs. 193.29 crore in the fourth quarter of fiscal 2015-16, ending on March 31, as against Rs. 161.38 crore in the same period last year. In the period under consideration, revenue surged 19 per cent to Rs. 1,628.3 crore as compared to Rs. 1,365.8 crore in the corresponding quarter of the previous FY. Also Read – […]

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