Sourcery has welcomed ten leading spinning mills and vertical manufacturers for apparel, denim and home textiles into its Direct-to-Grower™ Programme as Provisional Partners. These Partners, which include Markwell Spinning, Thiagarajar Mills, RSB Cottex, Leaspin Textiles, Sustainable Spinning & Commodities, L.S. Spinning Mills, S.A.AANANDAN MILL, Bio Spun, Bio Spinning and one additional manufacturer who chose to […]
Modern manufacturing facility will produce 700 tonnes of cotton yarn per month, increasing the company revenue by 250 crores BSL Limited, a legacy brand in the textile and suiting industries, has recently launched its first Cotton Spinning Unit in Bhilwara, Rajasthan, India. This addition is expected to augment the company’s revenue by INR 250 crores […]
DBL Group has signed on to a $52 million credit facility provided by British International Investment (BII), the UK’s development finance institution (DFI) and impact investor. The loan facility will support DBL to establish Jinnat Textile Mills Ltd., a greenfield, cotton yarn spinning mill, which will be housed in a LEED-certified green building. The construction […]
GHCL, India’s leading Chemical & Textile Company, today inaugurated its new spinning unit at Manaparai in Madurai district of Tamil Nadu. GHCL’s new unit at Manaparai is the latest addition to the yarn division. The unit is equipped with 39600 ring spindles to produce synthetic and synthetic blend compact yarn and has a production capacity of 23 […]
89, 184 spindles capacity addition for Cotton Melange Yarn & PC Grey Yarn with Dye House Sutlej Textiles and Industries has announced setting up of a green field project for 89,184 spindles comprising of Cotton Mélange Yarn and PC Grey Yarn along with Dye House in Jammu & Kashmir at an estimated project cost of […]
Bhilwara based leading textile company BSL LTD. has signed an MoU with the Department of Industries and Commerce, Government of Rajasthan. Under this MoU, the Company will invest over Rs. 150.00 crores to expand its manufacturing facilities in Bhilwara. This MoU would be implemented within 2 years and would generate employment for 800 people through […]
Saurer Intelligent Technology Co. Ltd (listed in Shanghai, China) and Rieter Holding AG (Winterthur, Switzerland) signed an agreement with Rieter to acquire the Accotex and Temco businesses from Saurer Technologies GmbH & Co. KG and the Autoconer machine business from Saurer Spinning Solutions GmbH & Co. KG. with a purchase price of EUR 300 million. […]
SVP Global subsidiary, SV Pittie Sohar Textiles (FZC), has set up 1.5 lakh spindles and 3,500 rotors facility; It will boost the overall revenue of the Company Highlights:- The COD of Oman Plant is expected to contribute in revenue to SVP Group from Sep 2021 Expansion in Oman offers strategic, operational and logistics benefits including […]
Investment to complete Rieter’s ring- and compact spinning systems and in two attractive component businesses Schlafhorst automatic winder as well as Accotex and Temco will be transferred from Saurer to Rieter Closing expected during the month of August, implementation to be completed in six to nine months Changes in the Rieter Board of Directors Rieter […]