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Arvind Ltd reports loss of Rs 0.11 bn in Q1 2021-22
Arvind Ltd has reported a net loss of Rs 0.11 billion in the first quarter ended June, in its regulatory filing. However, the revenue from operations has shot up to Rs 14.39 billion as compared to Rs 5.99 last year.
ICON Inks acquired by the Marabu Group
According to reports, Marabu Group has acquired ICON Inks. By doing this the group has strengthened its international presence. This move will expand Marabu’s product portfolio as well.
Rossari Biotech acquires Unitop Chemicals for Rs 4.21 bn
Rossari Biotech Limited - a specialty chemicals manufacturer providing intelligent and sustainable solutions for customers in industries like for home & personal care, textiles, animal health and nutrition, etc - has agreed to acquire Unitop Chemicals Pvt Ltd for Rs 4.21 billion.
Trident Global to open new US HQ in Midtown South
Terry towel manufacturer has leased to open a US headquarters office in Midtown South. The Trident Global Inc, based in India has signed a 10-year lease for the entire 8th floor Brause Realty’s 320 Fifth Avenue.
A.T.E. joins hands with SMIT to promote rapier looms
In a development that will provide momentum to the modernisation of the Indian textile industry, A.T.E. and SMIT S.r.l. have entered an exclusive partnership for the promotion of SMIT’s advanced rapier looms in India.
Working more flexibly with KARL MAYER's wider machines
KARL MAYER has further extended its range of double needle bar raschel machines. After launching an RD 7 with a new knock-over comb bar distance (from 2 to 6 mm), models that produce spacer fabrics in tried-and-tested thicknesses but at new working widths are now being launched on the market: the RD 7/2-12 EN and RD 6/1-12 EN are available now in a working width of 190".
ITMF Annual Conference postponed to April 10-12, 2022
Due to the uncertain and unpredictable situation with regard to travel and event restrictions caused by the Corona-pandemic, the Board of the ITMF (International Textile Manufacturer Federation) together with the two co-hosts – Swiss Textiles and Swiss Textile Machinery – have decided to postpone the ITMF Annual Conference in Davos, Switzerland from September 26-28, 2021 to April 10-12, 2022.
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