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.
Lenzing AG has launched a new portfolio called Lenzing Solutions for Protective Wear at Techtextil to offer a range of…
The U.S. Cotton Trust Protocol has announced that Walmart has joined its program, a step is seen as an important…
Santini Cycling and Polartec have jointly developed the Aero Race jersey, a high-performance garment is partly made using recycled polyester…
Ireland has introduced its first National Policy Statement and Roadmap on Circular Textiles for the period 2026 to 2028 to…
French lingerie brand Etam has introduced a limited-edition swimwear collection in collaboration with London-based designer Nensi Dojaka.
Fashion for Good has introduced Project FAE to build the sorting and pre-processing systems to convert non-re-wearable textiles into textile-to-textile…