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ITG BWW to provide technical & manufacturing support to OCM

13 Sep '07
2 min read

International Textile Group Inc (ITG) announced that its Burlington WorldWide (BWW) division has entered into a marketing and commercial partnership with OCM India Limited (OCM). OCM is a leading Indian manufacturing company of worsted wool fabrics located in Amritsar India. Like ITG, OCM is majority-owned by WL Ross & Co. LLC of New York, N.Y.

Under the agreement, BWW will provide technical and manufacturing support to OCM in the development of advanced manufacturing processes and operations and the development of new wool fabrics with opportunities to promote and use fabric technologies developed by BWW.

BWW will develop and operate an export program for the sale of OCM products to the U.S., European and Asian markets. OCM will be licensed to produce and sell enhanced wool fabrics under the BURLINGTON(R) brand name to the domestic Indian market.

Wilbur L. Ross, Jr., Chairman of ITG, said, "This is a tremendous opportunity to expand ITG's footprint into the growing Indian market and provide an additional supply chain of products for the U.S. and European markets."

"BWW is the North American leader in worsted wool products and its expertise in wool manufacturing and new fabric development will further OCM's operations and breadth of product to grow a global wool platform for both companies."

"OCM is a trusted Indian brand for worsted suitings. This alliance can contribute immensely in lending it an international edge. The technological capabilities and global experience of Burlington WorldWide coupled with OCM's core strengths will enhance the aspirational value of the brand and its products," said Rajeev Surana, CEO of OCM India Limited.

Burlington WorldWide and OCM will participate in Texworld 2007 in Paris, September 17 - 20. They will exhibit in Hall no. 1, Booth M-49.

OCM, established over 80 years ago and acquired by WL Ross & Co. in February 2007, is one of the leading worsted textile mills strategically located in Punjab, the centre of prime north Indian market.

International Textile Group Inc

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