MARKET & ECONOMY​

Huntsman Textile Effects , a global provider of high quality dyes, won the Dyestuffs Manufacturers Association of India (DMAI) award for ‘Excellent performance in Pollution Control by a Large Scale Unit’ for third time in a row.

Glen Raven Inc, a global provider of performance fabrics, has signed a letter of intent to acquire Sunbury Textile Mills, a market leader in the design and manufacture of decorative jacquard fabrics. Under the agreement, Sunbury will become a wholly owned subsidiary of Glen Raven and will operate as part of Glen Raven Custom Fabrics, best known as the makers of Sunbrella fabrics.