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Century Textiles’ net profit rises 11%
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.
Garware Technical Fibres net profit falls by 5.7%
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes), a leading manufacturer of technical textiles for the Indian and global markets, announced its financial results for the first quarter ended June 30, 2019.
Glen Raven to acquire Sunbury Textile Mills
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
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
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.
Focus on technical textiles & sustainability: S. Floth of Monforts
Germany-based Monforts, a part of China’s CHTC Fong’s Industries, claims to be ‘Leader in Innovation’ in the field of textile finishing machines. Says Stefan Floth, Managing Director of A. Monforts Textilmaschinen GmbH: “ITMA exhibition is like the Olympics for the textile machinery industry.
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