Home / Knowledge / News / Textiles / MRC transfer marketing of acrylic filaments & synthetic leather

MRC transfer marketing of acrylic filaments & synthetic leather

02
Mar '07
Mitsubishi Rayon Co Ltd (MRC) has decided to transfer the responsibility for marketing its acrylic filament products and its synthetic leather products to its existing subsidiary Mitsubishi Rayon Textile Co Ltd. (which has hitherto handled only the wholesaling of fabric) through the corporate divestiture method, with effect from April 1, 2007.

Objectives of Transfer - Since 1971 the Company's SILPALON acrylic filaments have been popular in the high-class knitted fashion world, thanks to their superior glossiness, bright colors, and silky feel.

In addition, Mitsubishi Rayon's synthetic suede, made from ultrafine acrylic fibers and sold under the name GLORE, has found many uses in the fields of high-class apparel and upholstery, thanks to various unique qualities possessed only by acrylic fibers, as well as the fact that it is manufactured in an eco-friendly way, without the use of any non-biodegradable organic solvents.

With the two-fold objective of enhancing the profitability of these two businesses by creating a more efficient operating framework, and strengthening the consolidated group's textile operations, MRC has decided to transfer the responsibility for the marketing of SILPALON and GLORE (both handled up to now by the Company's Fibers Operations Division), to Mitsubishi Rayon Textile Co Ltd. through the corporate divestiture procedure.

The management of Mitsubishi Rayon Textile intends to take advantage of this move to leverage synergies arising between the materials it has handled up to now with SILPALON and GLORE, and to make use of the resulting stronger business portfolio to expand its business operations.

Outline of planned corporate divestiture procedures
Schedule of divestiture:
April 1, 2007 : Date on which divestiture is to take effect
April 13, 2007 : Registration of divestiture


Must ReadView All

Pic: Shutterstock/humphery

Textiles | On 18th Sep 2021

China wants to join CPTPP; Japan to consult members to respond to bid

Chinese commerce minister Wang Wentao recently submitted an...

Pic: Shutterstock

Textiles | On 18th Sep 2021

Eurozone GDP recovers quicker than expected after lockdowns: EU report

The eurozone economy recovered more rapidly than considered earlier...

Pic: Shutterstock

Apparel/Garments | On 18th Sep 2021

BGMEA urges Canadian buyers to source apparel from Bangladesh

Bangladesh Garment Manufacturers and Exporters Association (BGMEA)...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search