Browsing: Textile Industry

Aleph has announced the signing of a binding agreement whereby Wise SGR S.p.A. – on behalf of Wisequity IV closed-ended fund –will purchase a majority stake of the company.

Schoeller Textil AG and Osmotex AG have signed a production agreement for HYDRO_BOT, which represents another major step towards commercialisation for HYDRO_BOT.

Specialty chemicals company LANXESS projects the highest full year results in company history, following a very strong first quarter of 2017 and the successful closing of the acquisition of U.S. based company Chemtura.

As part of its export promotion programme during 2017-18, the Synthetic and Rayon Textile Export Promotion Council (SRTEPC) is organising combined participation of member-companies of various export promotion councils including SRTEPC.

Indian consumers spending on apparel and footwear is expected to hit $70 billion by 2020, up from $63 billion for the year ended March 2017, according to a new report by retail insight company, Fung Global Retail and Technology.

With the demand to import more than $10 billion worth of apparel products each year, Russia is a market with potential for Vietnamese garment-textile businesses.