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View News Category Wise Legal & Govt. Policy Market Intelligence Industry Opinion Market Trends Import / Export Product Focus Production Company Performance Trade Fair Fashion Product Innovations General Editorial Investments Expansion Plans Awards Symposium Retail Technical Textiles Restructuring / Closures Joint Ventures Bilateral Trade Statistics Acquisition Capital Markets Traditional Textiles   Company Performance   ...more   Textile sector in India tops the chart in 2005 In a recent study conducted among thirty five industries, textile was one of the best performers during October-December 2005 compared to October-December 2004, sources said here. During October-December 2005 the total net profit of 235 textile companies...more by Textile Intelligence Thursday, 16th February 2006View more news from [ New Delhi ] [ India ] Eastern Silk Q3 net profit up 41%; EPS at Rs 24.22 Eastern Silk Industries Ltd (ESIL), a leading exporter of silk fabrics, has reported 41 per cent jump in its net profit for the quarter ended December 31,2005 to Rs 109.2 Million compared to Rs 77.2 Million in the corresponding quarter last year....more by Textile Intelligence Monday, 30th January 2006View more news from [ Calcutta ] [ India ] Trumac Engg, high on confidence, bullish on Indian market The Ahmedabad-based Trumac Engineering Company Pvt. Ltd, which is engaged in manufacturing and marketing of spinning preparatory machinery, is also set to widen its product range by taking advantage of the bullish Indian market....more by Textile Intelligence Thursday, 19th January 2006View more news from [ Ahmedabad ] [ India ] Reliance's Polyester Fiber output increases Reliance Industries (RIL), the world's largest producer of polyester fiber and yarn, has reported a net profit of almost Rs. 66 billion (US$1.46 billion) for the nine months ended on December 31, 2005....more by Textile Excellence Saturday, 14th January 2006View more news from [ Mumbai ] [ India ] Indian textile companies on a roll Jaybharat Textiles and Real Estate Ltd, a flagship company of Saurabh Kumar Tayal Enterprises has recorded impressive Q3 results. The company achieved net sales of Rs 520.6mn during Q3 ended 31st December 2005 as against net sales of Rs 169.9mn during...more by Textile Intelligence Thursday, 12th January 2006View more news from [ Mumbai ] [ India ] AF&Y announces plant capacity expansion, more jobs Citing substantial growth in demand for its fibers and yarns, American fibers and yarns Company (AF&Y) announced plans to increase its fiber extrusion capacity by 30% and its texturing capacity by 25%....more by Textile Intelligence Thursday, 12th January 2006View more news from [ North Carolina ] [ USA ] Indian textile industry booming with rising exports After the elimination of textile quotas the prices of textile shares, in the Indian bourses, have risen drastically. Companies like Arvind Mills, Aarvee Denim, Gokaldas Exports, and Mahavir Spinning have all gained from this situation....more by Textile Intelligence Thursday, 05th January 2006View more news from [ Mumbai ] [ India ] Terrot may stop producing new machines German circular knitting machine builder Terrot has said it will stop producing new machines as early as March 2006 if it cannot find a suitable investor....more by Textile Intelligence Saturday, 17th December 2005View more news from [ Stuttgart ] [ Germany ] Indo Rama Textiles PAT up by 57% for Q2 05-06 Indo Rama Textiles Ltd. (IRTL), today announced its financial results for the quarter ending September 30, 2005...more by Textile Excellence Tuesday, 29th November 2005View more news from [ Mumbai ] [ India ] Walmart reports rise in earnings Worlds largest retailer, Wal-mart stores Inc., said earnings rose this Monday by 3.8 per cent in the third quarter as sales grew 10 per cent. Net income rose to $2.4 billion, or 54 cents per share, a year ago. Earnings in the latest quarter included three...more by Textile Excellence Tuesday, 15th November 2005View more news from [ BENTONVILLE ] [ USA ] KSTC Turns Around: Posted Profit in First Half of 2005-06 The Kerala State Textile Corporation has registered a net profit of Rs.1.30 crores during the first half of the current fiscal year against a net loss of Rs.1.04 crores during the same period last year....more by Textile Excellence Tuesday, 01st November 2005View more news from [ Kerala ] [ India ] Interface Sales Increases 9.5 Percent in Q3, 2005 Interface Inc, a worldwide floor coverings and fabrics company, last week announced results for the third quarter ended October 2, 2005....more by Textile Excellence Friday, 28th October 2005View more news from [ Atlanta ] [ USA ] Russell Corp. Net Income Down by 41 Percent The Atlanta-based athletic apparel and sporting goods company Russel Corp posted net income of US$15.8 million on US$424.6 million in sales, compared with net income of US$26.9 million on US$422.7 million in sales in the third quarter of 2004....more by Textile Excellence Friday, 28th October 2005View more news from [ Atlanta ] [ USA ] Guess? reports strong retail sales for the financial month of Sept Guess?, Inc. on October 6 reported strong retail sales for the fiscal month of September which, ended on October 1, 2005. Total retail sales for September were US$ 57.6 million, an increase of 25.3% from sales of US$ 45.9 million for the fiscal month end...more by Textile Excellence Monday, 17th October 2005View more news from [ Los Angeles ] [ USA ] Walmart logs in US$ 8.6 million dollars Worlds largest retailer Wal-Mart Stores Inc has reported net sales for the 5-week period ending September 30, 2005 and October 1, 2005. SAM'S CLUB comparable sales without gasoline sales would have been 6.3 percent for the September 5-week period....more by Textile Excellence Monday, 17th October 2005View more news from [ Delaware ] [ USA ] Sutlej Industries to transfer Textile activities The Rs 525-crore Sutlej Industries Ltd, a member of the K.K. Birla Group of companies, has decided to transfer all its textile activities into a wholly owned subsidiary, which has been named Sutlej Textiles and Industries Ltd....more by Textile Excellence Tuesday, 30th August 2005View more news from [ Mumbai ] [ India ] Wellman announces Quarterly dividend New Jersey based Wellman Inc has declared a quarterly dividend of US$ 0.05 per share on the outstanding shares...more by Textile Intelligence Monday, 29th August 2005View more news from [ New Jersey ] [ USA ] Acordis sells US Diolen operation to Performance Fibers According to Acordis, it's polyester industrial yarn spinning operations in the US have been acquired by Performance fibers Holdings Inc....more by Textile Intelligence Monday, 29th August 2005View more news from [ Virginia ] [ USA ] Lenzing AG post satisfactory result for first half of 2005 In spite of pricing pressure on viscose fibers Lenzing Group again succeeded to post satisfactory result for the first half of 2005....more by Textile Intelligence Friday, 26th August 2005View more news from [ Lenzing ] [ Austria ] KG Denim to set up 120 outlets as an expansion plan K G Denim is now eyeing the northern denim market and plans to establish its retail footprint there....more by Textile Excellence Thursday, 18th August 2005View more news from [ Coimbatore ] [ India ] Grasims' fiber division receives 2004 Stockholm Industry Water Award Grasim Industries fibre division has received the prestigious 2004 Stockholm Industry Water Award at a glittering ceremony of the Global World Water Meet....more by Textile Excellence Wednesday, 17th August 2005View more news from [ Mumbai ] [ India ] Swasti Vinayaka Synthetics signs an agreement with Bombay Dyeing. Swasti Vinayaka Synthetics Ltd has entered in to an agreement with Bombay Dyeing...more by Textile Intelligence Wednesday, 03rd August 2005View more news from [ Bhiwandi ] [ India ] Alok Industries earning grew to Rs. 12308.7 million in FY 2004-05 Alok Industries Ltd has posted substantial jump in its audited financial results for the year ended March 31, 2005....more by Textile Intelligence Wednesday, 03rd August 2005View more news from [ Mumbai ] [ India ] Bombay Dyeing resumes DMT plant operation Bombay Dyeing has restarted its DMT plant at Patalganga, which was suspended owing to the disruption of MSEB power supply...more by Textile Intelligence Wednesday, 03rd August 2005View more news from [ Mumbai ] [ India ] Delta Woodside to close two textile mills by November Greenville based Delta Woodside to close two textile mills at Wallace and Pamplico....more by Textile Intelligence Sunday, 31st July 2005View more news from [ Greenville ] [ USA ] USA: Unifi’s loss making row continues USA based yarn producer Unifi Inc has reported an increased net loss for the fourth quarter of 2005, but managed to narrow its loss for the 2005 financial year. The company reported a quarterly loss of US$ 9 million compared to loss of US$ 6m...more by TextileIntelligence Friday, 29th July 2005View more news from [ Greensboro ] [ USA ] Grasim’s VSF business down in Q1 2005 Grasim’s Viscose Staple Fiber (VSF) business exhibited a subdued performance during the first quarter of 2005-06. Company’s capacity utilization came down to 82 per cent compared to 94 per cent...more by TextileIntelligence Thursday, 28th July 2005View more news from [ Mumbai ] [ India ] India: Raymond commissioned two plants in Bangalore Raymond Limited has inaugurated two state-of-the-art garment facilities in Bangalore on 25th July. The facilities include a Denim wear facility 'Everblue Apparel limited' and Shirting plant 'Celebration Apparel...more by TextileIntelligence Tuesday, 26th July 2005View more news from [ Bangalore ] [ India ] Weiqiao lifts to US$125m loan aimed at expansion China's biggest cotton textile manufacturer Weiqiao textile has ambitious plan to expand its production capacity and has secured US$125 million as loan from several banks...more by TextileIntelligence Tuesday, 26th July 2005View more news from [ Singapore ] [ Singapore ] India: JBF Industries posts growth of 150% on net profit JBF, a leading manufacturer of Polyester fiber raw material and Polyester Yarn, reported a 150 percent growth in net profit for the first quarter of 2005-06. JBF registered a turnover of Rs 1918.8 million compared to Rs 1666.8 million in corresponding...more by TextileIntelligence Wednesday, 20th July 2005View more news from [ Mumbai ] [ India ] Levi’s lifts profit on lower sales Levi Strauss & Co. has reported a second quarter net income of US$ 27 million, US$21 million higher than the corresponding period a year ago despite a 1.6% fall in sales. Second quarter sales amount to US$944 million...more by TextileIntelligence Tuesday, 12th July 2005View more news from [ New York ] [ USA ] Arvind Mills raised $37.19 million through GDR Arvind Mills Ltd has raised US$ 37.19 million through the issue of 13.5 million Global Depositary Receipts (GDRs) and a further 5,00,000 GDRs have been allocated as green-shoe option. ICICI Securities and ABN AMRO...more by TextileIntelligence Tuesday, 12th July 2005View more news from [ Mumbai ] [ India ] Flood disrupts operations at Shri Dinesh Mills Due to heavy rain and flood in the state of Gujrat forced to halt operations at Shri Dinesh Mills Ltd, Baroda between June 30th and July 03...more by TextileIntelligence Monday, 04th July 2005View more news from [ Mumbai ] [ India ] Suryalata Spinning Mills - Expansion Plans Suryalata Spinning Mills has proposed to increase the spindle capacity of the company by setting up two new units one in Andhra Pradesh and another in Maharashtra, with a capacity of 25,000 Spindles each...more by TextileIntelligence Monday, 04th July 2005View more news from [ Mumbai ] [ India ] India: The Shirt Company plans IPO The garment exporter and licensee of Barbie in India is hoping to raise Rs 45 crore from the market to set up a textile processing mill and garment unit in Navi Mumbai....more by Textile Intelligence Wednesday, 29th June 2005View more news from [ Mumbai ] [ India ] India: The Shirt Company plans IPO The garment exporter and licensee of Barbie in India is hoping to raise Rs 45 crore from the market to set up a textile processing mill and garment unit in Navi Mumbai....more by Textile Intelligence Wednesday, 29th June 2005View more news from [ Mumbai ] [ India ] India: Shivalik Prints is coming up with IPO SPL Industries Limited, a leading manufacturer and exporter of knitted apparel, is in the process of expanding its production capacity and entering woven apparel and home textiles manufacturing. Company has already placed orders for some of the machinery...more by TextileIntelligence Friday, 24th June 2005View more news from [ Mumbai ] [ India ] Paxar Corporation to acquire remaining 50% share in the JV in India Paxar Corporation announced today that it formed Paxar India Pvt Limited by acquiring the remaining 50% of a joint venture located in Bangalore, India. The company is a service provider of apparel identification products, including woven,...more by TextileIntelligence Thursday, 16th June 2005View more news from [ Mumbai ] [ India ] India: Provogue planning 40 more outlets Garment manufacturer and retailer Provogue India planning to add 40 new Provogue outlets and 21 mega stores of 5,000 square feet each...more by TextileIntelligence Sunday, 12th June 2005View more news from [ Mumbai ] [ India ] USA: Tietex Interiors purchases textile plant High Point-based Tietex Interiors has purchased a textile manufacturing plant on the border of Rockingham and Caswell counties from International Textile Group, the company formed by the consolidation of Burlington...more by TextileIntelligence Saturday, 11th June 2005View more news from [ Matkins ] [ USA ] Raymond to set up a JV with Lanificio Feroda of Italy Raymond Ltd plans to set up a 50/50 JV with Italian woolen fabric manufacturer Lanificio Feroda according to the company. The total cost of the venture, including for expansion...more by TextileIntelligence Thursday, 09th June 2005View more news from [ Mumbai ] [ India ] Filatex India to increase in POY spinning capacity Filatex India Ltd, a manufacturer of Polyester and PP yarn in the country has decided to go for backward integration and put up a 300 MT per day capacity...more by TextileIntelligence Thursday, 09th June 2005View more news from [ Mumbai ] [ India ] Teijin plans US$1.1billion Invest in Indonesia Japan's synthetic fiber and chemical product maker Teijin Ltd. will invest US$1.1 billion in Indonesia's textile sector, according to a senior Indonesian Govt. Official as...more by TextileIntelligence Wednesday, 08th June 2005View more news from [ Jakarta ] [ Indonesia ] USA: Sears, Kmart Start to Combine Brands Kmart has planned to merchandise Sears Holding Corps products at the same retail store as Kmarts. Of the total nine such stores are underway and the response generated amongst the customers is pretty good....more by Textile Intelligence Tuesday, 07th June 2005View more news from [ New York ] [ USA ] Bombay Dyeing posted a profit of Rs. 265.6 million in FY-2004-05 Bombay Dyeing & Manufacturing Company Ltd has posted a net profit of Rs 265.60 million for the year ended March 31, 2005 as compared to Rs 535.00 million...more by TextileIntelligence Monday, 06th June 2005View more news from [ Mumbai ] [ India ] India: Madura Grament's revenue grow over 20 percent Madura Garments, the garments division of Indian Rayon has maintained its market leadership for the financial year 2004-05. Its revenues has grown by 20.6 per cent to Rs. 4724 million against Rs. 3916.8 million in the previous year...more by Textile Intelligence Monday, 30th May 2005View more news from [ Mumbai ] [ India ] UK: GUS to demerge holdings in Burberry GUS plc is to demerge its holding in fashion chain Burberry later this year as part of it's long-term strategic plan....more by Textile Intelligence Monday, 30th May 2005View more news from [ London ] [ United Kingdom ] USA: Phillips-Van Heusen's Q1 earnings grew 25 percent Phillips-Van Heusen Corporation has posted a extraordinary first-quarter performance. First-quarter revenues reached US$472.1 million from US$378.2m the year before,...more by Textile Intelligence Saturday, 28th May 2005View more news from [ New York ] [ USA ] USA: Cygne Designs signs LoI to acquire Denim Supplier CCC LLC Cygne Designs, Inc. has announced that it has signed a non-binding Letter of Intent to acquire the branded and private label denim clothing supply business of Commerce Clothing Company LLC, a privately-held company principally owned by Hubert Guez....more by Textile Intelligence Friday, 27th May 2005View more news from [ New york ] [ USA ] USA: John Goodman is President of Dockers US business World's largest brand-name apparel marketer levi strauss & Co. announced the appointment of John Goodman as president of the U.S. Dockers business, effective June 6....more by Textile Intelligence Wednesday, 25th May 2005View more news from [ New York ] [ USA ] India: Reliance’s new State of the art Fiber Application Centre at Patalganga to help down stream industry Reliance Industries Ltd alongwith Rieter Machine Works has established a state of the art Fiber Application Centre at Patalganga in India to help the down stram Indian Textile Industry....more by Textile Intelligence Thursday, 19th May 2005View more news from [ Mumbai ] [ India ] India: Century Enka’s sales increases, profit dips Century Enka’s total income increased to Rs. 9684.1 million for the financial year 2004-05 compared to Rs.8214 million in 2003-04....more by Textile Intelligence Saturday, 14th May 2005View more news from [ Mumbai ] [ India ] Clariant India board recommends dividend Clariant (India) Ltd’s board of directors have recommended final dividend of Rs 6 per equity share for the year ended March 31, 2005 to be paid on 1,19,25,000 equity shares of Rs 10/- each....more by Textile Intelligence Saturday, 14th May 2005View more news from [ Mumbai ] [ India ] India: Century Textile’s profit soars Century Textiles has posted a net profit of Rs 1096.30 million for the year ended March 31, 2005 as compared to Rs 765.90 million for the year ended March 31, 2004...more by Textile Intelligence Friday, 13th May 2005View more news from [ Mumbai ] [ India ] Unifi and YCFC of China to form JV company Unifi and sinopec’s Yizheng Chemical Fiber Co., Ltd.'s (YCFC) to setup a joint venture in China to produce polyester filament yarn....more by Textile Intelligence Thursday, 12th May 2005View more news from [ shanghai ] [ China ] Lenzing sales increases in Q1, 2005 Cellulosic fiber manufacturer Lenzing’s first quarter of 2005 started on a flying note. Company says that it has performed satisfactorily in spite of substantially difficult overall conditions...more by Textile Intelligence Thursday, 12th May 2005View more news from [ Vienna ] [ Austria ] India: ‘Janaksons Overseas’ adds another feather in its cap Last year the company has added a feather in its cap - Alok Industries Ltd., Mumbai have ordered the most cost-effective Waste Water Treatment Plant and Recovery Plant from Simem, Italy....more by Textile Intelligence Friday, 29th April 2005View more news from [ Mumbai ] [ India ] One day technical seminar to update technicians by Clariant One day technical seminar was held by Clariant to update the technicians on the latest trends at global level and also the solutions offered by Clariant (India) Ltd....more by Textile Intelligence Thursday, 28th April 2005View more news from [ Ahmedabad ] [ India ] India: Reliance Industry’s production volume of PSF PFY increased 12% for 2004-05 Reliance Industries Ltd. has announced its audited results for the year ended March 31, 2005. RIL has recorded a turnover of Rs. 73,164 crores (US$16,725 million). Witnessing a net profit of Rs. 7,572 crores (US$ 1,731 million), highest in the private sec...more by Textile Intelligence Wednesday, 27th April 2005View more news from [ Mumbai ] [ India ] USA: Guilford Mills to cut jobs may shut two plants The former Fortune 500 textile major Guilford Mills is on the verge of closing its Polyester yarn plant in Greensboro and cut its workforce to nearly half at Fuquay-Varina plant which would result in about 230 job loss...more by Textile Intelligence Thursday, 21st April 2005View more news from [ Greensboro ] [ USA ] Solutia to close part of nylon plant in Florida Solutia Inc. USA has announced plans to close its nylon industrial fiber manufacturing plant unit in Florida by end of May and move manufacturing to its plant in Greenwood, South Carolina....more by TextileIntelligence Tuesday, 29th March 2005View more news from [ Florida ] [ USA ] India: International HomeTex to commission Nylon Yarn plant by August 2005 International HomeTex Ltd.the India based terry towel manufacturer and exporter is coming up with a Nylon Yarn Plant in Mahad, Maharashtra, which would be commissioned in August 2005....more by Vikas Srivastava Friday, 25th March 2005View more news from [ Mumbai ] [ India ] Saurer Textile System’s profit grows STS, the textile machinery business, reported operating profit for 2004 of Euro 77.2 million, up from Euro 62.2 million in 2003, and improved margins to 6.9% from 4.9% previously. Reduced costs, a higher percentage of value added in Asia and lower restr...more by TextileIntelligence Thursday, 17th March 2005View more news from [ Winterthur ] [ Switzerland ] India: IKB sanctions Euro 74 million to Indo Rama for capacity enhancement Indo Rama Synthetics (I) Ltd. (IRSL), India's largest dedicated polyester manufacturer announced the signing of a long-term loan of Euro 54 million. IRSL has been sanctioned this loan from IKB Industriebank Aktiengesell-schaft, Düsseldorf, Germany through...more by Textile Intelligence Thursday, 03rd March 2005View more news from [ Mumbai ] [ India ] Germany: Lower sales reported from Rieter Textile Systems According to the preliminary results released on Feb. 03rd, 2005 by the Switzerland-based company report sales by the Textile Systems division has declined by 4% at CHF1.176 billion compared to CHF1.228 billion last year....more by Textile Intelligence Friday, 04th February 2005View more news from [ Zurich ] [ Switzerland ] Japan: Teijin’s quarterly earnings move up to Yen 11.75 billion The reasons sited for the sales growth were: reduction in production costs and profits from sale of asset and securities holdings....more by Textile Intelligence Thursday, 03rd February 2005View more news from [ Osaka ] [ Japan ] USA: Gap Inc’s same stores sales down by 7% for January According to sources, Gap Inc’s same-store sales fell 7 per cent in the month of January. Net sales for the four-week period ended 29th January 2005 were US$ 891 million, which represents a 5 per cent decrease over same period previous year....more by Textile Intelligence Thursday, 03rd February 2005View more news from [ New York ] [ USA ] USA: Dan River bankruptcy exit confirmed A U.S. bankruptcy Court has confirmed Dan River's plan of re-organisation. The company is expected to exit bankruptcy on or around February 10, 2005, with debts of around US$90 million, down from...more by TextileIntelligence Saturday, 29th January 2005View more news from [ South Carolina ] [ USA ] USA: Native Textile Lays off employees Native textiles Inc. is temporarily laying off all its workers at the company's Glens Falls mill beginning February due to a shipment of defective yarn that interrupted production...more by TextileIntelligence Saturday, 29th January 2005View more news from [ Queensbury ] [ USA ] Adidas-Salomon posts record earnings Adidas-Salomon's net profit grew by 21% to Euro 314 million last year with 7% higher sales in currency-neutral terms. The company’s record earnings were driven by...more by TextileIntelligence Friday, 28th January 2005View more news from [ New Delhi ] [ India ] China: Jiangyin Huahong starts Melt-Direct-Spinning PSF project Jiangyin Huahong has formally started the Melt-Direct-Spinning PSF Project on Jan 24th 2005....more by Textile Intelligence Wednesday, 26th January 2005View more news from [ Beijing ] [ China ] Taiwan: Li Peng starts new production line Taiwan's Li Peng has started up its 100ton/day high-speed spinning nylon chip production line...more by Textile Intelligence Wednesday, 26th January 2005View more news from [ Taipei ] [ Taiwan ] Unifi manage to reduce losses for the quarter ended 31st December 2004 Unifi Inc. has been able to reduce its second quarter net loss of US$ 7.7 million, out of which US$4.7m is from continuing operations, compared to US$ 9.2 million...more by TextileIntelligence Tuesday, 25th January 2005View more news from [ South Carolina ] [ USA ] India: Indo Rama’s complete business outlook Indo Rama has witnessed a profit on tax in the quarter ending Dec 31st 2004 and also is very strong on the overall business front despite interim challenges....more by Textile Intelligence Sunday, 23rd January 2005View more news from [ Mumbai ] [ India ] China: Shandong Helon VSF expansion project hit fresh record in output and quality 40kt/yr viscose staple fiber expansion project of Shandong Helon Co., Ltd started commissioning production on Jan 7, 2005 and produced on-spec product on Jan 9....more by Textile Intelligence Saturday, 22nd January 2005View more news from [ Beijing ] [ China ] Taiwan: CPDC restarts CPL Unit Taiwan-based China Petrochemical Development Corporation (CPDC) ended its two-week's turnaround maintenance on 160kt/yr CPL plant in Kaohsiung on Monday and brought production back...more by Textile Intelligence Saturday, 22nd January 2005View more news from [ Taipei ] [ Taiwan ] Germany: Degussa unveils 100m euros investment plan in China Germany's Degussa has planned to invest about 100 million euros (US$ 133 million) annually over the next few years in China, according to sources....more by Textile Intelligence Thursday, 20th January 2005View more news from [ Berlin ] [ Germany ] Brazil: Petrobras to build a US$ 317million paraxylene plant Brazil's federal energy company Petrobras (PBR) will build a billion-reais (US$ 371 million)paraxylene plant in the northeastern state of Bahia close to the existing Relam refinery...more by Textile Intelligence Saturday, 15th January 2005View more news from [ Rio De Janeiro ] [ Brazil ] India: Reliance acquires SM Dyechem's glycol unit Reliance Industries Ltd has bought assets of SM Dyechem's glycol division from IDBI...more by Textile Intelligence Saturday, 15th January 2005View more news from [ Mumbai ] [ India ] Japan: Teijin to pull out of Polyester biz in Europe Teijin Ltd. will pull the plug on its loss-making polyester fabrics business in Europe in the 1st half of 2005....more by Textile Intelligence Thursday, 13th January 2005View more news from [ Tokyo ] [ Japan ] India: Hanil Era plans Rs 50-cr expansion programme Export house Hanil Era Textiles is investing Rs 50 crore in a modernisation-cum-expansion programme to take advantage of the brighter prospects in a quota-free regime....more by Textile Intelligence Thursday, 13th January 2005View more news from [ Mumbai ] [ India ] US: Liz Claiborne Acquires C&C California Clothing retailer Liz Claiborne Inc. has bought C&C California Inc., a maker of apparel, sold at high-end department stores around the world....more by Textile Intelligence Saturday, 08th January 2005View more news from [ California ] [ USA ] USA : Apparel retailer Guess completes acquisition of Maco Apparel US jeanswear and lifestyle company Guess has completed the acquisition of 90 percent of its European jeanswear licensee Maco Apparel from Italian clothing and property group Fingen....more by Textile Intelligence Thursday, 06th January 2005View more news from [ New York ] [ USA ] China: Zhenhai to start largest Paraxylene plant The robust Petrochemical market has prompted Zenhai Refining & Chemical company a sister concern of China’s second largest oil major Sinopec, to start China’s largest Paraxylene (PX) plant early in February 2005...more by Textile Intelligence Wednesday, 05th January 2005View more news from [ Beijing ] [ China ] India: Rajasthan Spinning eyes 59.6% stake in Jaipur Polyspin Rajasthan Spinning & Weaving Mills Ltd (Rajasthan Spinning) has acquired 59.6 percent stake in the synthetic yarn producing company Jaipur Polyspin Ltd for Rs. 107 million......more by Textile Excellence Wednesday, 15th December 2004View more news from [ Rajasthan ] [ India ] Rajasthan Spinning & Weaving Mills to acquire Jaipur Polyspin Rajasthan Spinning & Weaving Mills Ltd (RSWM), a leading integrated player in the textiles sector in India today announced acquisition of Jaipur Polyspin Ltd (JPL), a synthetic yarn manufacturing company based in Rajasthan, India....more by Textile Intelligence Wednesday, 10th November 2004View more news from [ Mumbai ] [ India ] Indian Rayon's sales for Q2 increase 9 percent Indian Rayon has registered a 9% increase in its sales for the second quarter ended 30 September 2004......more by Textile Excellence Thursday, 04th November 2004View more news from [ Mumbai ] [ India ] Zhenhai undertakes largest Crude Oil Refining and Ethylene Project An Ethylene and crude oil refining complex with the largest capacity is scheduled to start in China. This project has been undertaken by Zhejiang based Zhenhai Refining & Chemical Company....more by Textile Excellence Thursday, 04th November 2004View more news from [ Zhejiang ] [ China ] Chinese company bows to labour pressure The seven week long strike by 7000 workers of a Huarun Xianyang factory in Shaanxi province, in north China has finally come to a halt. The employers and the employees have reached an agreement over the improvement of employment conditions...more by Textile Excellence Wednesday, 03rd November 2004View more news from [ Shaanxi ] [ China ] India: Reliance' Q2 profits surge The Petrochemical and polyester giant Reliance Industries Ltd, has posted second quarter net profit of Rs. 17.5 billion as against Rs12.6 billion recorded for same period of last year......more by Textile Excellence Tuesday, 26th October 2004View more news from [ Mumbai ] [ India ] Indo Rama Synthetics posts a Rs 259.60 million net profit for Q2 Indo Rama Synthetics Ltd has recently announced that it has posted a net profit of Rs. 259.60 million for the quarter ended September 30th 2004......more by Textile Excellence Tuesday, 19th October 2004View more news from [ Mumbai ] [ India ] USA: KSIN Holdings take over Singer Sewing Co KSIN Holding Ltd, an associate of Kohlberg & Co LLC has struck cash deal of US$65.5 million to take over the Singer Sewing Co......more by Textile Excellence Tuesday, 05th October 2004View more news from [ New York ] [ USA ] Sale of Monsanto’s GM cotton seeds registers significant growth in India US seed giant Monsanto has revealed that its sale of Genetically Modified (GM) cotton seeds in India has increased nearly five-fold over the figures of 2003......more by Textile Excellence Wednesday, 08th September 2004View more news from [ Bangalore ] [ India ] Lenzing's half yearly sales, net income increase Acquisition of Tencel together with a good second quarter earnings, has increased fiber producer Lenzing AG's half yearly sales and net income......more by Textile Excellence Sunday, 05th September 2004View more news from [ Vienna ] [ Austria ] Kanebo asks for debt waiver of ¥99.5 billion yen Japan’s Kanebo Ltd. that has been facing rough weather for quite some time now, has announced a revival plan featuring a ¥99.5 billion debt waiver......more by Textile Excellence Saturday, 28th August 2004View more news from [ Tokyo ] [ Japan ] India: Welspun bags JC Penney award Welspun India’s terry towels’ segment has been honoured with JC Penney’s “Operational Excellence Award" for 2003......more by Textile Excellence Wednesday, 25th August 2004View more news from [ Mumbai ] [ India ] India: Granite exporter Pokarna Ltd. to venture into garment making Pokarna Ltd, one of India’s leading granite exporters, is planning to enter into garment-manufacturing sector by setting up a 30-crore plant near Hyderabad......more by Textile Excellence Saturday, 21st August 2004View more news from [ Hyderabad ] [ India ] Mitsubishi Rayon reaps cost-cutting benefits Mitsubishi Rayon's fibres business has registered a first quarter operating profit of ¥1.01 billion indicating an increase of almost 7% over a year ago......more by Textile Excellence Wednesday, 18th August 2004View more news from [ Tokyo ] [ Japan ] Madura Garments to launch mens innerwear Madura Garments Ltd is entering the mens innerwear section by unleashing a range of premium innerwear products under the Van Heusen brand name....more by Textile Excellence Saturday, 14th August 2004View more news from [ Kolkata ] [ India ] Lakshmi Mills restructuring Lakshmi Mills Co. Ltd. Has announced that, as part of a restructuring exercise, the company would shift part of its machinery from Singanallur unit to its Kovilpatti facility....more by Textile Excellence Friday, 13th August 2004View more news from [ Mumbai ] [ India ] Floreal Knitwear shuts 7 manufacturing sites The famous Floréal Knitwear of Mauritius has recently laid off 900 employees to centralize its operations,this would lead to closure of 7 sites...more by Textile Excellence Friday, 06th August 2004View more news from [ Mauritius ] [ Mauritius ] Grasim Shuts VSF plant due to flood Floodwater has forced the world’s largest viscose fiber producers Grasim Industries’ unit at Kharach in the western state of Gujarat to be shutdown on 4th of August...more by Textile Excellence Thursday, 05th August 2004View more news from [ Mumbai ] [ India ] Guess?, Inc. registers 14.1 percent Increase in July Store Sales Whereas the total July retail sales for the five weeks ended July 31, 2004 were US$ 48.5 million, which is an increase of 19.7 percent...more by Textile Excellence Thursday, 05th August 2004View more news from [ Los Angeles ] [ USA ] Gap Inc. reports July sales down 3 percent Gap Inc. has announced its July sales at US$1.0 billion which is down by 3 percent compared to the net sales of $1.1 billion for the same period ended August 2, 2003....more by Textile Excellence Thursday, 05th August 2004View more news from [ San Franccisco ] [ USA ] Japan: Mitsui Chemicals Inc.’s group revenue surge by 8.6 per cent Mitsui Chemicals Inc.s group profit and revenue for the April-June quarter have surged on robust demand for Petrochemical products in Asia....more by Textile Excellence Wednesday, 04th August 2004View more news from [ Tokyo ] [ Japan ] Reliance Picks Barmag for Polyester Filament Equipment Reliance Industries Ltd., India’s largest company and one of the world’s largest manufacturers of polyester filaments and fibers, has selected Barmag as its partner for its expansion projects (approx. 300,000 tpa) in their polyester POY and polyester FDY...more by Textile Excellence Wednesday, 28th July 2004View more news from [ Mumbai ] [ India ] Toray to acquire Chori Co. to reinforce its tex-chem business Japanese synthetic fiber maker Toray Industries Inc. has made public its plans to acquire Chori Co......more by Textile Excellence Saturday, 24th July 2004View more news from [ Tokyo ] [ Japan ] VF Corp's Q2 profit swells 20 percent VF Corp, the Greensboro based apparel company, has posted a 20 percent rise in its second-quarter earnings for this fiscal year......more by Textile Excellence Thursday, 22nd July 2004View more news from [ Greensboro ] [ USA ] Italian textile group plans to expand in India Carrera, the Italian textile group has revealed plans to set up manufacturing units and sales outlets in India......more by Textile Excellence Thursday, 22nd July 2004View more news from [ Rome ] [ Italy ] India: Grasim forecasts 20 percent surge in textile exports in post quota regime With the dismantling of Multi-Fiber Agreement (MFA) ON 31st December 2004, Grasim Industries’ textile and apparel segment is anticipating a 20 percent increase in its exports......more by Textile Excellence Tuesday, 20th July 2004View more news from [ Kolkata ] [ India ] India: Indo Count's registers astounding 400 percent net profit growth! Indo Count Industries Ltd., the manufacturer of 100 percent cotton yarns and knitted fabrics, has recorded an outstanding 400 percent net profit growth for the quarter ended 31st March 2004......more by Textile Excellence Friday, 02nd July 2004View more news from [ Kolhapur ] [ India ] India: Super Tex bags Best Export Performance award Super Tex Industries, manufacturer of Aprons and Cots, has bagged an award for its Best Export Performance in SSI sector......more by Textile Excellence Thursday, 01st July 2004View more news from [ Mumbai ] [ India ] USA: VF Corp to acquire Kipling Belgium NV VF Corp, the apparel maker has recently made public its decision to acquire Antwerp-based Kipling Belgium, NV......more by Textile Excellence Wednesday, 16th June 2004View more news from [ Greensboro ] [ USA ] China Direct enters apparel-sourcing JV The Florida-based global importer and exporter China Direct Trading Corp, has initiated a new division to source apparel and textile products from China....more by Textile Excellence Wednesday, 09th June 2004View more news from [ Beijing ] [ China ] Lectra Acquires Lacent Technologies Lectra, has recently announced acquisition of Lacent Technologies......more by Textile Excellence Tuesday, 08th June 2004View more news from [ Paris ] [ France ] India: Reid and Taylor likely to post Rs 170 crore sales S Kumars Nationwide Ltd’ (SKN) brand Reid and Taylor is geared up to add Rs 10 crore to its last year’s sales figure of Rs 160 crore ......more by Textile Excellence Tuesday, 08th June 2004View more news from [ Mumbai ] [ India ] Levi Strauss to quit production in Western Europe As a part of its ongoing cost-cutting campaign, Levi Strauss is closing down its two factories in Spain......more by Textile Excellence Monday, 07th June 2004View more news from [ Madrid ] [ Spain ] Zodiac witness 184% rise in net profit for FY04 The profit has risen from Rs 3.18 crores for the year 2003 to Rs 9.03 crores for the year ending March 31st 2004....more by Textile Excellence Monday, 07th June 2004View more news from [ Mumbai ] [ India ] Kanebo to quit production of natural textiles Being heavily in debt, Japan's Kanebo Ltd. has decided to discontinue the production of natural textiles......more by Textile Excellence Thursday, 27th May 2004View more news from [ Tokyo ] [ Japan ] ICI Pakistan considers fiber capacity expansion ICI Pakistan is planning to expand its polyester fiber capacity...more by Textile Excellence Monday, 24th May 2004View more news from [ Karachi ] [ Pakistan ] Shenma Group begins 100,000 Tons of Nylon 66 project Henan Shenma Nylon Chemical Co., a wholly owned subsidiary of China Shenma Group, has begun the construction of 100,000 tons of nylon 66 project......more by Textile Excellence Sunday, 23rd May 2004View more news from [ Beijing ] [ China ] USA: Donnkenny Posts Q1 Loss portswear maker Donnkenny Inc has posted a net loss of US$ 600,000 for the first quarter......more by Textile Excellence Monday, 17th May 2004View more news from [ Washington ] [ USA ] Cone Mills to set up denim plant in Guatemala Cone Mills - a subsidiary of International Textile Group (ITG) - has decided to build a 30 million yard denim plant in Guatemala......more by Textile Excellence Monday, 17th May 2004View more news from [ Guatemala City ] [ Guatemala ] VF to Buy Children’s Playwear from Lollytogs worth US$ 150million S based apparel giant VF Corp has disclosed that it would buy US$150 million worth of children’s playwear products from Lollytogs......more by Textile Excellence Wednesday, 12th May 2004View more news from [ North Carolina ] [ USA ] Marks & Spencer to Set up Sourcing Centre in Bangalore Marks & Spencer, the leading UK based retailer to set up a sourcing center in India....more by Textile Excellence Wednesday, 12th May 2004View more news from [ Bangalore ] [ India ] Benetton net quarterly profit up 12.8 per cent Italian fashion retailer Benetton group has realised in the first trimester of 2004 a net profit of 28 million Euro...more by Press Release Wednesday, 12th May 2004View more news from [ Milan ] [ Italy ] Worldbest closes Canadian plant for 3-6 months China Worldbest Group owned textiles plant in Drummondville, Canada has been shut down for 4-6 months......more by Textile Excellence Wednesday, 12th May 2004View more news from [ Drummondville ] [ Canada ] M&S Chairman Vandevelde Quits Marks & Spencer Chairman, Luc Vandevelde has decided to step down from the post......more by Textile Excellence Tuesday, 11th May 2004View more news from [ London ] [ United Kingdom ] Lenzing acquires Tencel group of companies Lenzing AG has acquired the Tencel group of companies from Corsadi, part of the CVC financial group, for an undisclosed sum on May 4th 2004....more by Textile Excellence Wednesday, 05th May 2004View more news from [ Vienna ] [ Austria ] Vietnam’s Cotton Company seeks Ministry’s approval for GM cotton cultivation Vietnam Cotton Company, the country’s biggest Cotton grower is keen to cultivate Genetically Modified (GM) Cotton and is currently awaiting permission for the same......more by Textile Excellence Monday, 03rd May 2004View more news from [ Hanoi ] [ Vietnam ] USA: PGI introduces new spun melt medical fabrics Polymer Group Inc. has introduced a new MediSoft medical fabric that has 50 percent more softness over standard spunmelt fabrics used in medical applications......more by Textile Excellence Wednesday, 28th April 2004View more news from [ Charlotte, North Carolina ] [ USA ] VF's earnings surges 13% US apparel giant VF Corporation's first quarter sales and earnings recorded a double-digit growth on last year. The company for the three months to April 3, 2004, reported sales of US$1.43 billion, up by 15% as against the same period a year ago. Its net...more by Textile Excellence Wednesday, 28th April 2004View more news from [ Greensboro ] [ USA ] USA: Toray Inc to expand carbon fiber output Toray carbon fibers America, Inc. (CFA), has announced that it would expand its carbon fiber and carbon fiber composite production......more by Textile Excellence Tuesday, 27th April 2004View more news from [ Decatur ] [ USA ] India: Raymond discusses alliance with FY Weiss If the industry sources are to be believed, a strategic alliance between Mumbai-based textile major Raymond and European worsted fabric producer FY Weiss is a near future possibility......more by Textile Excellence Saturday, 24th April 2004View more news from [ Mumbai ] [ India ] USA: Unifi posts US$50 million loss for the third quarter yarn maker Unifi has suffered a net loss of US$ 50 million in the quarter ended March 28......more by Textile Excellence Friday, 23rd April 2004View more news from [ Greensboro ] [ USA ] USA: Coach net sales rise 42 per cent for third quarter The third fiscal quarter net sales for Coach Inc a US based fashion accessories designer company rose by 42 per cent to US$ 313.1 million for the month ending March 27, 2004....more by Textile Excellence Friday, 23rd April 2004View more news from [ New York ] [ USA ] USA: Mohawk Inc reports strong growth for first quarter US floor coverings maker, Mohawk Industries Inc., has reported record first quarter earnings of US$66.3 million......more by Textile Excellence Thursday, 22nd April 2004View more news from [ Calhoun, Georgia ] [ USA ] Uniwave and Memminger to merge Former competitors - the US-based Uniwave and German company Memminger-IRO - have revealed plans to merge......more by Textile Excellence Wednesday, 21st April 2004View more news from [ New York ] [ USA ] WestPoint Stevens Inc. plans a Shanghai office Being responsive to China’s bright trade prospects post 2004, WestPoint Stevens Inc. has recently revealed about its plans to open an office in Shanghai in July this year....more by Textile Excellence Wednesday, 21st April 2004View more news from [ New York ] [ USA ] USA: Linen n’ Things first quarter profit fall 15 per cent The first-quarter profit of US based Linens 'n Things Inc. fell on an accounting provision, despite a 15 percent jump in net sales....more by Textile Excellence Wednesday, 21st April 2004View more news from [ Clifton ] [ USA ] Matsuoka and Toray’s JV begins full-scale operation Nantong TIM Garments Co. Ltd. – a China based joint venture (JV) of Matsuoka and Toray has begun operating on a full scale....more by Textile Excellence Tuesday, 20th April 2004View more news from [ Jiangsu ] [ China ] PTCL to begin next week Secretary of Ministry of Industries and Production (MOIP) announced that the launch of Pakistan Textile City Ltd. (PTCL) would take place next week......more by Textile Excellence Monday, 19th April 2004View more news from [ Karachi ] [ Pakistan ] Unifi to utilise unused textile equipment to kickstart expansion plans in China Unifi has decided to USe its idle equipment from the company’s plants in US, UK and Ireland to begin development plans in China....more by Textile Excellence Saturday, 17th April 2004View more news from [ North Carolina ] [ USA ] Marks & Spencer’s sales drop for fourth quarter Marks & Spencer's stock witnessed its biggest drop in ten months as the consumers have shunned the company’s women fashions....more by Textile Excellence Thursday, 15th April 2004View more news from [ London ] [ United Kingdom ] Koch to acquire Invista two months before time Koch Industries has declared that it would get hold of Invista by the end of this month......more by Textile Excellence Friday, 09th April 2004View more news from [ Kansas ] [ USA ] USA: Grenada’s Real Silk Hosiery Mills to wind up operations The management of Real Silk Hosiery Mills – one of Grenada’s oldest plants – has announced the mill’s closure in late June or early July...more by Textile Excellence Thursday, 08th April 2004View more news from [ Grenada ] [ USA ] Malaysia: Axis Inc. to set up production units in China and America The Malaysian integrated textiles and garments’ company, Axis Inc. Bhd is looking forward to reinforce its global presence.....more by Textile Excellence Wednesday, 07th April 2004View more news from [ Johor Bahru ] [ Malaysia ] Lenzing to expand Cellulosic fiber market in China Lenzing AG, one of the largest produces cellulosic fiber, has set up a Chinese subsidiary last month....more by Textile Excellence Monday, 05th April 2004View more news from [ Shanghai ] [ China ] ICICI venture acquires 14.5 per cent stake in Welspun India ICICI Venture Funds Management Company Ltd has acquired 14.5 per cent equity stake in Welspun India Ltd for a consideration of Rs 75 crore, according to a company official...more by Textile Excellence Monday, 05th April 2004View more news from [ Mumbai ] [ India ] Benetton bounces back, registers profit in 2003 Benetton after disposing off its sports equipment business that led to its first ever full year loss in 2002, has once again registered a profit with a net income of €108 million for the year 2003....more by Textile Excellence Saturday, 03rd April 2004View more news from [ Venice ] [ Italy ] India: Groz Beckert sets up new plant to focus on exports Groz Beckert Asia Limited has set up a new facility, very near to its existing unit, for the production of sewing machine needles......more by Textile Excellence Saturday, 03rd April 2004View more news from [ Chandigarh ] [ India ] DHB Industries flooded with orders DHB Industries Inc announced that it has received more than $12 million in new orders in last weeks of March......more by Textile Excellence Friday, 02nd April 2004View more news from [ Westbury ] [ USA ] US textile maker Dan River seeks bankruptcy protection The US textile manufacturer Dan River Inc. has recently filed for Chapter 11 bankruptcy protection in the Northern District of Georgia....more by Textile Excellence Thursday, 01st April 2004View more news from [ Danville ] [ USA ] Rieter textile systems operating profits rise by 30% Rieter's Textile Systems division registered more than 30% increase in operating profit last year, whereas, sales grew by 11%...more by Textile Excellence Thursday, 01st April 2004View more news from [ Berne ] [ Switzerland ] Italian group Ledger to invest in Moroccan textile sector Ledger Group,a leader in the Italian textile market will establish an integrated industrial compound made of two plants for weaving and spinning near Rabat in Morocco....more by Textile Excellence Thursday, 18th March 2004View more news from [ Milan ] [ Italy ] Modern Mills Shuts Yarn Unit Modern Mills Ltd.has informed the Bombay Stock Exchange about the closure of its yarn manufacturing unit at Mahalaxmi, Mumbai, with immediate effect on Feb 27, 2004...more by Textile Excellence Monday, 08th March 2004View more news from [ Mumbai ] [ India ] Modern Mills to fold up Mumbai yarn plant operations The yarn manufacturing unit of Modern Mills located at Mahalaxmi, Mumbai (Bombay),India, would soon pull down its shutters......more by Textile Excellence Saturday, 06th March 2004View more news from [ Mumbai ] [ India ] Levi Strauss incurs a loss of US$349m for 2003 The San Francisco-based Jeans maker Levi Strauss & Co has posted a net loss of US$ 349 million for full-year 2003, compared to a net income of US$7m in the previous fiscal year....more by Textile Excellence Wednesday, 03rd March 2004View more news from [ New York ] [ USA ] US textile manufacturer Unifi to axe 400 jobs As a result of the recent slump in the industry, the US textile manufacturer Unifi is axing nearly 400 jobs.....more by Textile Excellence Wednesday, 03rd March 2004View more news from [ Greensboro ] [ USA ] PSF prices hiked by Indo Rama The polyester manufacturer Indo Rama Synthetics (IRSL) has increased the basic price of polyester staple fibre (PSF) from Rs 64 per kg to Rs 64.50 per kg, effective from March 1, 2004....more by Textile Excellence Wednesday, 03rd March 2004View more news from [ New Delhi ] [ India ] Expansion on cards for Kuruwita Textiles With a view to expand its capacity, Kuruwita Textiles would acquire 20 percent more stake in subsidiary Kuruwita Manchester Textile Mill......more by Textile Excellence Tuesday, 02nd March 2004View more news from [ Colombo ] [ Sri Lanka ] Bekaert Textiles plans expansion; seek funds As funds for its expansion plans, Bekaert Textiles USA Inc. has requested upto US$ 230,000 as local economic incentives....more by Textile Excellence Thursday, 26th February 2004View more news from [ Winston-Salem, N.C ] [ USA ] Saint Gobain-HongFa decide upon a joint venture HongFa – the Chinese fabric maker would soon be called Saint-Gobain technical fabrics HongFa after the French building material maker Saint Gobain will hold 80 percent stake in the company.....more by Textile Excellence Friday, 20th February 2004View more news from [ Paris ] [ France ] The second line at Lenzing’s Lyocell begins operation The second line of Lenzing’s Lyocell fibre production plant at the Heiligenkreuz site has kicked off operations....more by Textile Excellence Wednesday, 04th February 2004View more news from [ Heiligenkreuz ] [ Austria ] Tommy Hilfiger to retail innerwear through Tirupur’s Eastman Clothing Tommy Hilfiger is all set to venture into the Rs 1500 crore branded Indian innerwear market.....more by Textile Excellence Monday, 02nd February 2004View more news from [ Coimbatore ] [ India ] Indo Rama, Zimmer alliance for Rs. 900 crore project Leading polyester producer Indo Rama has entered into an alliance with German construction and engineering company Zimmer AG...more by Textile Excellence Friday, 23rd January 2004View more news from [ New Delhi ] [ India ] Maral Overseas Ltd plans an upgradation programme The Bhilwara Group of companies' Jammu based Maral Overseas Ltd is planning an upgradation programme....more by Textile Excellence Tuesday, 20th January 2004View more news from [ Jammu ] [ India ] US: Wellman to increase polyester prices in mid-February Wellman Inc. to raise prices for polyester staple fiber by eight to 10 percent......more by Textile Excellence Tuesday, 20th January 2004View more news from [ Chicago ] [ USA ] Singer diversifies into industrial machines market Singer India, which has been synonymous with sewing machines, has embarked on a major diversification exercise by foraying into industrial machines market....more by Textile Excellence Monday, 19th January 2004View more news from [ Mumbai ] [ India ] Bombay High Court approves merger of Saljer, JJ textiles with Pioneer Bombay High Court has given its approval to the Pioneer Embroideries Ltd for merger of the Coimbatore-based Salzer Textiles and JJ Textiles......more by Textile Excellence Sunday, 18th January 2004View more news from [ Coimbatore ] [ India ] UK: Knitwear maker Richard Roberts up for sale. “ Richard Roberts” - one of the Britain’s renowned knitwear companies has put up all its assets......more by Textile Excellence Thursday, 15th January 2004View more news from [ Leicestershire ] [ United Kingdom ] WestPoint will close units in three states WestPoint Stevens will pull down the shutters of its Dixie and Dunson plants in Georgia along with its factories in Alabama and Louisiana.....more by Textile Excellence Friday, 09th January 2004View more news from [ Atlanta ] [ USA ] India: Raymond to invest Rs. 2.11 bn for expansion Raymond is expanding its denim unit at Yavatmal, Maharashtra and establishing two new factories by investing a total of Rs. 2.11 billion......more by Textile Excellence Thursday, 08th January 2004View more news from [ Mumbai ] [ India ] Indus to diversify under Lee Cooper Indus Clothing Ltd (Indus), the exclusive licensee for UK-based Lee Cooper is planning to diversify under Lee Cooper and is appointing distributors in SAARC countries to sell India made Lee Cooper clothes....more by Textile Excellence Tuesday, 06th January 2004View more news from [ Mumbai ] [ India ] Arvind Mills all decked to meet 2005 As the quota free regime is approaching, Arvind Mills is all decked to hit it big this time....more by Textile Excellence Monday, 22nd December 2003View more news from [ Mumbai ] [ India ] Solutia to file for bankruptcy Nylon producer Solutia has recently filed for Chapter 11 bankruptcy in the US......more by Textile Excellence Wednesday, 17th December 2003View more news from [ St Louis ] [ USA ] Lenzing will raise fiber prices Austria based cellulosic fiber manufacturer Lenzing AG to revise its fiber prices from January 2004....more by Textile Excellence Saturday, 13th December 2003View more news from [ Viena ] [ Austria ] Sara Lee completes Italian hosiery business sale Sara Lee Corp., USA has completed the sale transaction of its Italian hosiery business, Filodoro Calze S.p.A to Gilfin S.p.A, the parent company of Golden Lady S.p.A....more by Textile Excellence Thursday, 11th December 2003View more news from [ Chicago ] [ USA ] GAP founder to resign as Chairman GAP Inc. founder Donald Fisher, 75, has decided to step down from this position while still being on the Board as Chairman emeritus....more by Textile Excellence Thursday, 11th December 2003View more news from [ San Fransisco ] [ USA ] JK Synthetics to dispose off closed polyester units Moving ahead with its restructuring exercise to repay its domestic debt worth Rs. 500 crore, JK Synthetics has decided to put its Kota and Jhalwar plants on the market....more by Textile Excellence Monday, 17th November 2003View more news from [ Mumbai ] [ India ] GEAC clearance expected for production of Bt Cotton The expectations on the part of Rasi Seeds Pvt Ltd (RSL) is very high for getting the clearance of Genetic Engineering Approval Committee (GEAC) for commercial production of 2.5 lakh packets of Bt Cotton seeds for the next season....more by Textile Excellence Friday, 14th November 2003View more news from [ Bangalore ] [ India ] Strike hits the NTC units The current phase of boom in yarn market is something that no one would like to miss out. But the ailing national textile corporation (NTC) - run textile units in Tamil Nadu, are the ones left out as they are unable to take advantage owing to the indefini...more by Textile Excellence Thursday, 13th November 2003View more news from [ Coimbatore ] [ India ] Govt sets US$ 16.3 billion export target for cotton clothes Keeping the last years exports of cotton clothes in mind Textile Minister said keeping the last years performance in mind the Government has set an ambitious target of US$ 16.3 billion for the export of Cotton clothes....more by Textile Excellence Monday, 10th November 2003View more news from [ Mumbai ] [ India ] 1st Quarter Exports of Synthetic and Rayon Textiles up by 21 per cent Exports of Synthetic and Rayon textiles has registered a growth since the start of this financial year and this trend is continuing further showing a growth of 21% in US Dollar term in the first quarter of the financial year 2003-04 (April-June 2003)....more by SRTEPC- Press Release Saturday, 08th November 2003View more news from [ Mumbai ] [ India ] Promoters of 'Killer' sell stakes to raise funds The promoters of Kewal Kiran, the makers of the popular denim brand Killer, are planning to offload a minority stake to raise funds for expansion plans....more by Textile Excellence Thursday, 09th October 2003View more news from [ Mumbai ] [ India ] USA: Pillowtex Acquisition Approved Pillowtex's sale to GGST LLC for $128 million will close within 30 days, the mill said, following a federal bankruptcy......more by Textile Excellence Thursday, 09th October 2003View more news from [ Wilmington ] [ USA ] Grasim to spend Rs. 4 crore for a new fabric range The next two and half months would see Grasim - a part of Aditya Birla Group - shell out Rs. four crore as ad expenditure to launch a new range of fabrics under its fabric brand 'Freedom'....more by Textile Excellence Thursday, 25th September 2003View more news from [ Chennai ] [ India ] Grasim to buy textiles from China, S Korea The popular concept of outsourcing has now caught Grasim's eye! Grasim, the Aditya Birla group's brand that includes polyester viscose, lycra and other polyester-grade fabrics in its portfolio, has decided to import......more by Textile Excellence Wednesday, 24th September 2003View more news from [ Mumbai ] [ India ] Welspun India plans to expand overseas operation Welspun India Ltd. flagship of the Rs.2000-crore Welspun Group, is planning to expand its business overseas. In order to take advantage of business opportunities Welspun is planning a joint venture or 100 per cent subsidiary in Europe....more by Textile Excellence Wednesday, 24th September 2003View more news from [ Mumbai ] [ India ] Bhilwara Spinners Wins Certificate Of Excellence Bhilwara Spinners Ltd, a part of Rs. 1727 crores LNJ Bhilwara Group has been selected for Niryat Shree-Certificate of Excellence for their outstanding export performance......more by Textile Excellence Tuesday, 26th August 2003View more news from [ Bhilwara ] [ India ] Levi Strauss to market accessories under Dockers brand Levi Strauss has expanded its offerings in India by foraying into the accessories segment....more by Textile Excellence Thursday, 21st August 2003View more news from [ Mumbai ] [ India ] GTN Textiles to invest in technology upgradation To cope up with the challenges of the quota free regime, GTN Textiles - manufacturer of fine and superfine-combed yarns - is planning to invest Rs. 16 crore towards technology upgradation....more by Textile Excellence Wednesday, 20th August 2003View more news from [ Hyderabad ] [ India ] Century's focus reverts back to the domestic market Century Textiles and Industry Ltd has decided to revert his focus on the domestic market......more by Textile Excellence Sunday, 10th August 2003View more news from [ Mumbai ] [ India ] Madura Garments Revamps the top management The AV Birla group's Madura Garments, has overhauled its management structure with restructuring of duties and creation of new domains for strategic initiatives....more by Textile Excellence Friday, 08th August 2003View more news from [ Mumbai ] [ India ]

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