Milan
The Italian textile machinery industry is getting ready for the ITMA ASIA + CITME exhibition which will be held in Shanghai from 12-16 June where its focus will be on technologically sustainable solutions.
Thursday, 10 May 2012
Textured Jersey to acquire South Asian knitting mill
10 May 2012, Colombo
Sri Lanka’s leading producer of high quality circular knitted fabrics, Textured Jersey Lanka Plc (TJL) reported last week that it intends to use part of the proceeds raised through its Initial Public Offering (IPO) last year on the purchase of an operating fabric mill. According to a report in The Nation, negotiations are already underway with a fabric mill in South Asia.
Tuesday, 8 May 2012
Good result in Istanbul for Orizio
8 May 2012, Brescia
Italian circular knitting machine builder Orizio says it had an unexpectedly successful exhibition in Turkey recently. The company’s redesigned MJMBF2, a single jersey striper with electronic individual needle selection with 3 way technique, is said to have been well received at the Texpo Eurasia 2012, which was held from 21 to 24 April in Istanbul.
Friday, 4 May 2012
Committed to fairness
4 May 2012, Hamburg
In this third part of a three part feature on sustainability Sabine Anton-Katzenbach discusses how retailers, producers and importers have begun campaigning for working conditions that are socially sustainable, within the scope of their corporate social responsibility (CSR).
Thursday, 3 May 2012
Gildan to acquire Anvil for U.S. $88 million
3 May 2012, Montréal
Gildan Activewear announced today that it has signed a definitive agreement to acquire 100% of the common shares of Anvil Holdings, Inc. (Anvil) for a total purchase price of approximately U.S. $88 million. The acquisition will be financed through Gildan’s bank credit facility and the company will not assume any of Anvil’s outstanding debts.
Delta Galil to acquire Schiesser
3 May 2012, Tel Aviv
Seamless apparel manufacturer Delta Galil is to acquire German underwear brand Schiesser in order to advance its branded strategy and global diversification. The combined businesses have net sales of approximately US$ 900 million.
Tuesday, 1 May 2012
Rowlinson Knitwear secures £5m refinancing
1 May 2012, Stockport
According to a report in the Manchester Evening News (MEN) last night, UK headquartered Rowlinson Knitwear has secured £5 million refinancing package. The Stockport based company has obtained the facility from HSBC Commercial Banking to support its day-to-day operations and its growth aspirations.
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