Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer Indorama Ventures Public Company Limited (IVL), will spend up to INR 6 billion (USD 82M) upgrading equipment and adding capacity at its manufacturing site in Nagpur, India. The capital expenditure plan includes a new PET resin manufacturing facility,…
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Itemalab – excellence in textile machinery innovation
Itema, the leading provider of advanced weaving solutions, announced the new structure of Itemalab®, the innovation incubator opened in 2014 at Kilometro Rosso innovation district in Bergamo. Born with the goal to design the platform for the “loom of the future” and breakthrough solutions for the textile industry, Itemalab® becomes…
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Monforts says goodbye to Klaus Heinrichs
After almost 30 years with the company, Monforts Vice-President Klaus Heinrichs is to retire at the end of May. A very well-known and respected figure in the industry, Klaus began working in marketing for the company in 1992. “From the very beginning until today Klaus used his great flair and…
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Godrej Material Handling eyes 30% market share in the counterbalance Electric Forklift market by 2024
Launches the productivity boosting and environment friendly new Uno Electric Forklifts to strengthen its presence in the Electric Forklift market Advanced ergonomics, augmented safety features and higher operating speeds enable the new Uno Electric Forklift to deliver a 30% increase in throughput Godrej & Boyce (G&B), the flagship company of…
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Lectra Enters Into A Memorandum Of Understanding To Acquire Gerber Technology
By uniting, the two companies would become the ultimate Industry 4.0 for their customers Lectra announces its plan to acquire the entire capital and voting rights of US-based Gerber Technology. A key Industry 4.0 player in the fashion, automotive and furniture industries, Lectra designs smart industrial solutions – software, equipment,…
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Welspun announces capacity expansion in home textiles
Welspun has approved capacity expansion plan for the Home Textile business through debottlenecking and rebalancing of facilities at Vapi and Anjar. It will be a capital light, quickturnaround expansion, resulting in increased capacity of Towels by 7%, Bed Linen by 20% and Rugs& Carpets by 80%. The company is expected…
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A.T.E. now offers automated cutting room solutions from GA Morgan
A.T.E. has entered into an exclusive agreement with GA Morgan Dynamics Private Limited, India, for the marketing and sales of cutting room machinery and software systems for technical textiles, home textiles, and shoe upper cutting. All machines are manufactured by Morgan Tecnica Group, Italy. GA Morgan is a subsidiary of Morgan Tecnica…
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SAP Invests INR 500 Crore (€55M) to Accelerate Its Multi-Cloud Strategy in India
SAP announced it would invest INR 500 crore (€55 million) in India to localize and offer customers a multi-cloud choice. Underscoring its commitment to India, SAP will make available its multiple cloud solutions in India data centers. “SAP’s commitment to support India’s growth vision remains a top priority, and we…
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Hohenstein celebrates 75th anniversary
The company specialises in the testing, certification and research of all kinds of textile-related products and has reason to celebrate for having created a global footprint Textile testing and research partner Hohenstein has reason to celebrate: this year marks the company’s 75th anniversary. Now in its third generation of family…
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ANDRITZ to acquire Laroche, France
International technology Group ANDRITZ has signed an agreement withLaroche, based in Cours, France, to acquire LM Industries comprising Laroche SA and Miltec SA, France. ANDRITZ will take over all Laroche entities and their business worldwide. Closing of the transaction, which is subject to approval by the ANDRITZ Supervisory Board, is…
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