Aloke Lohia, IVL group CEO said that, “Brazil, with its large spinning industry is a natural place for the textile industry to enjoy long-term growth due to its location and large population,†,“We intend to support the local spinning industry with a commitment to supply high-quality fibers to blend with cotton and reduce dependence on imports.â€
IVL reports the acquisition gives the company a fiber footprint in Brazil, and is located close to IVL’s polyethylene terephthalate site and a third-party purified terephthalic acid site in Brazil. The transaction is expected to close during the fourth quarter and is subject to regulatory approvals.
Thailand-based Indorama Ventures Plc (IVL) has entered into an agreement to purchase polyester staple fiber producer M&G Fibras Brasil. The plant has a polymerization capacity of 75,000 metric tons per year.
Alchemie Technology has received a grant to address pollution in the textile finishing sector to reduce emissions and wastewater in…
Orange O Tec, a leading player in India's digital textile printing sector, introduces its latest innovation: the Phoenix K-64 digital…
Crystal International has unveiled an innovative denim collection in collaboration with industry leaders such as Advance Denim and the Lycra…
In an announcement, Juki America and Coloreel unveiled a partnership aimed at extending Coloreel's pioneering thread dyeing technology to the…
Universal Fibers is excited to announce its participation in Domotex Asia where it will showcase its groundbreaking carbon-negative product, Thrive®…
DyeRecycle, based in the UK, claims to have developed the first technology capable of recycling synthetic dyes from textile waste,…