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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.
SIMA requests withdrawal of import duty on cotton
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
Sobel Westex acquires Baltic Linen
Sobel Westex, a designer, manufacturer, and distributor of linen and terry, will acquire Baltic Linen Co Inc, a supplier of bed and bath textiles for retail, cruise lines, healthcare, and hospitality industries.
Weaving A SPELL!
Make in India initiative, launched a couple of years ago by the Modi Government, has also caught the serious attention of the textile industry, which seemed to have progressed well on this front. The ITJ takes a closer look with some highlights from the current scenario.
Work apace on Nandan Terry’s Rs 500-cr unit
Diversified textile player Chiripal Group is setting up a Rs 500-crore terry towel facility in Ahmedabad district with an initial capacity of 10,696 tonne per annum. Nandan Terry Pvt Ltd, a wholly-owned subsidiary, will begin commercial production in December, a top company official said.
Changes Signal Hope
After the economic slowdown of 2008-09 in which the global textile industry lost much of its steam, there came a whiff of fresh air in the industry last year. But again the uncertainty persisted for some time till the new Government at the Centre gave some hopes a few months back.
Trident flags off world’s largest terry towel plant
The flagship company of Trident Group, Trident Limited, has inaugurated the world’s largest terry towel pant on 7 October 2014. On the same day, the company also laid the foundation stone of its composite textile project in Budni, Madhya Pradesh.
Bianco´s latest finishing line
Bianco S.p.a, the world leader in new age finishing machines, has been for 40 years servicing clients in the field of knit processing, woven processing, terry towel processing, denim processing and also technical textile fabric finishing.