Switzerland-based Rieter Holding Ltd and Shanghai (China) listed Saurer Intelligent Technology Co. Ltd have signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V. (Amsterdam/Netherlands), the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach- Palenberg/Germany and Saurer Technologies GmbH & Co. KG (Krefeld/Germany).

Grasim Industries Ltd – the flagship company of the $ 46-billion Aditya Birla Group – has been awarded “The Economic Times Promising Plants 2021” in India for its Nagda SFD plant.

The group has invested $ 150 mn in the Oman textile plant, which has set up 1.5 lakh
spindles and 3,500 rotors facility

The group has invested $ 150 mn in the Oman textile plant, which has set up 1.5 lakh
spindles and 3,500 rotors facility

Cosmo Speciality Chemicals, a wholly-owned subsidiary of Cosmo Films Ltd, has launched a clay-based sourcing agent, Eco Clay, for the textile industry which reduces load on E.T.P upto 30% along with reducing COD/ BOD levels in the wash effluent by eliminating/reducing the need for additional auxiliaries in treatment baths i.e. wetting, sequestering, demineralizing & stabilizing agents, surfactants, lubricants, softeners, and defoamers.

Kornit Digital Ltd, a worldwide market leader in digital textile production technologies, has acquired all associated assets of Somerville, Massachusetts-based Voxel8.

It is exactly 100 years ago on August 17th this year that Carl Axel Gustafsson returned from the USA to Sweden with a significant agency agreement from the Boston-based sewing machine leader Reece.

A MoU has been signed between Bangladesh’s BGMEA President Faruque Hassan and GFF Fund Director Bob Assenberg to finance SMEs in sustainability.

Nandani Creation Limited, popularly identified in the apparel market as “JaipurKurti.com” has made an announcement that it will migrate from NSE emerge to the main board of NSE.