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Oerlikon Barmag bags 2 orders from China
August 2019
Oerlikon Barmag recently signed contracts for two orders with a total of 120 spinning positions for manufacturing polyamide POY yarn with Chinese yarn manufacturers.
Lenzing posts solid growth despite challenges
August 2019
The Lenzing Group continued its solid business development in the first half of 2019. Despite a significantly more challenging market environment with historically low prices for standard viscose, Lenzing recorded a slight increase in revenue.
Century Textiles’ net profit rises 11%
August 2019
Century Textiles and Industries (CTIL) reported a 11.06 per cent rise in consolidated net profit at Rs 180.62 crore for the quarter ended June 30, 2019.
Ebay launches North Face storefront for outdoor apparel
August 2019
Ebay has launched the North Face storefront via authorised partner, Premium Direct, to bring top-selling apparel from the world’s leading outdoor gear brand to the marketplace’s millions of shoppers.
Glen Raven to acquire Sunbury Textile Mills
August 2019
Glen Raven, a provider of performance fabrics, has signed a Letter of Intent to acquire Sunbury Textile Mills, a market leader in design and manufacture of decorative jacquard fabrics.
Trident to invest Rs 1,000 cr in J&K
August 2019
The Trident Group plans to invest Rs 1,000 crore in Jammu and Kashmir to help develop the union territory, according to its chairman Rajinder Gupta.
GHCL registers 68% growth in PAT
August 2019
GHCL, India’s leading chemical and textiles company, announced its financial results for Q1FY20. Net Revenue for Q1FY20 is up by 16 per cent at Rs 879 crore as compared to Rs 757 crore in the corresponding quarter ended June 30, 2018.
Declining exports of cotton yarn, a matter of deep concern: Texprocil
August 2019
Dr KV Srinivasan, Chairman, Texprocil stated that exports cotton yarn from India in the first quarter of April-June 2019 have fallen by a steep 33 per cent.
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