Schoeller Group is a leading European producer of pure wool and wool blend worsted yarn, having one dyeing facility in Austria and one spinning facility in the Czech Republic, with a total production capacity of 3,600 tons per annum and having numerous industrial and non-industrial applications used by global leading brands. This acquisition will further enhance the HVA portfolio of IVL.
This transaction is expected to be completed within second half of 2018, subject to regulatory approvals, IVL said through the Stock Exchange of Thailand.
The value of the acquisition, calculated in accordance with the regulations of the Capital Market Supervisory Board and the Stock Exchange of Thailand, as prescribed by the regulations of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (as amended), is less than 15 per cent and the total size of all transactions in the past 6 months also does not exceed the 15 per cent threshold limits as prescribed in the regulations. (RR)
Fibre2Fashion News Desk – India
Textiles | On 20th Nov 2018
Pakistan’s Federal Board of Revenue (FBR) recently issued procedure...
Apparel/Garments | On 20th Nov 2018
The United States is interested to revise the list of Nepali products ...
Information Technology | On 20th Nov 2018
Gap has established a strategic partnership with Microsoft to drive...
'Natural fibres are appreciated for traditional authenticity'
Fashion shows are also encouraging and highlighting sustainable fashion
Textile & apparel bodies
The mid-term review of FTP is progressive, growth oriented
Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...
Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....
Established in 2005, SL Banthia Textiles manufactures coated fabrics....
Focusing on bold patterns and colour palettes, Luis Quijano, a student at...
About one in every 20 patients picks up an infection while hospitalised....
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Rajesh Pratap Singh
Rajesh Pratap Singh
<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...
Usha Social Services
The Usha Silai label from Usha International is all set for a retail...