31 Oct

Latest Textiles Industry News

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Shandong Ruyi Investment Holding will reportedly be acquiring INVISTA-owned Apparel & Advanced Textiles business (A&AT) and the agreement between the two companies was made through a stock transaction which includes A&AT’s renowned fibre brands like LYCRA, COOLMAX, LYCRA HyFit, and ELASPAN. Transfer of technical, administrative, operations and commercial staff of around 3,000 are also a part of the deal. The firm also plans to retain the existing strategies as well as the organisational structur

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