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Welspun sets up US arm to invest in e-commerce
Welspun India has incorporated a wholly-owned US subsidiary Welspun Nexgen Inc registered with the State of Delaware, having paid up capital of $4.25 million to make investment in e-commerce companies.
Fire-retardant Recron FS for enhanced safety
Recron FS aids in the creation of high quality, easy-to-care and durable end products and offers excellent dyeability, easy care and abrasion resistance properties.
It takes eons to fulfil a dream, but in a moment it can be reduced to ashes, literally. Fire can engulf and destroy everything you cherish in the blink of an eye. Such is its destructive power. As human race is evolving and modernising, incidences of fire are increasing. It is now one of the biggest hazards, leading to major fatalities and destruction of property.
SSM launches 2 new products
SSM showed two new product launches for the first time at the ShanghaiTex 2017. The PWX-CTM, for cone-to-muff, and the PWX-MTC, for muff-to-cone winding, generated large interest. SSM was very pleased by the high response on their shared booths.
RIL, Myntra to co-brand denim collection
Reliance Industries partnered with fashion e-commerce player Myntra to co-brand its exclusive denim collection Mast & Harbour with the flagship product from the former, RElan FeelFresh.
SSM's focus on X-Series
SSM showed their newest textile machines at ShanghaiTex for the first time. The Swiss based SSM Schärer Schweiter Mettler AG, the inventor of the electronic yarn traverse system, took part at the ShanghaiTex on the booth of their agent Union Trading as well as on the booth of Rieter Components.
RIL to push polyester biz with RElan
Reliance Industries (RIL) is to increase its presence in the polyester space after the launch of its new brand, RElan, through which it will get into co-branding of apparel. The largest manufacturer of polyester in the country, it has an annual capacity of 2 MT, almost half the country’s 4.5 MT.
Invista to sell apparel, advanced textile biz
Invista has entered into a definitive agreement with China-based Shandong Ruyi Investment Holding to sell its apparel and advanced textiles business, one of Invista’s four major business units. Invista, which has operations in Delaware is part of Wichita, KS-based Koch Industries. Financials were not disclosed.