The fund will be utilised for expanding the brands’ Direct-to-consumer (D2C) footprint domestically and internationally. The parent company of fashion brands, FabAlley and Indya, had raised Rs 207.4 million in June 2020.
Myanmar’s political instability, lockdown in Cambodia and a the COVID-19 situation in India has prompted international retailers and brands to divert work orders to Bangladesh. Export earnings hit $3.13 billion in April.
The company will add a large-scale Dan-Web airlaid production line to the Engineered Absorbent Materials (EAM) facility. This move will help the company become a leading airlaid nonwovens provider.
The new Jakob Muller website is a clear statement of customer focus. The company offers a fresh and innovative web experience which sets out its priorities with total clarity.
The second wave of COVID-19 in India has adversely affected the textile sector in Tamil Nadu, especially when the export demand was high. Further, the textile hubs of Tiruppur and Coimbatore are worst affected.
Valmet will supply drying technology to Spinnova and Suzano’s textile fibre factory in Finland. The facility produces SPINNOVA fibre which creates 0% waste or side streams, 0% microplastics and has minimal CO2 emissions and water use.
With a spike in the number of COVID-19 cases, Karur textile manufacturers and exporters association has announced a complete shutdown of the manufacturing units starting May19.