;
Home / Knowledge / News / Textiles / Toray Industries to acquire shares in Pacific Textiles
Toray Industries to acquire shares in Pacific Textiles
10
Jul '17
Toray Industries has agreed to acquire shares in Pacific Textiles Holdings, which has head office in Hong Kong, to pursue its global strategic expansion and synergy effects through supply chain integration and collaboration. Toray has signed a share purchase agreement to acquire 28.03 per cent stake in Pacific Textiles from Far East Asia Limited.

Far East Asia Limited is solely owned by Ip Ping Im, a director of Pacific Textiles.

Toray Industries is based in Chuo-ku, Tokyo.

Closing is expected to occur mid-July 2017. Engaged in the manufacturing and trading of textile products since 1997, Pacific Textiles is now a leading manufacturer of customised knitted fabrics with a focus on complex, value-added fabrics, and has a high profit yield thanks to its enhanced operational efficiency and effective cost control measures. Its principal manufacturing facility is located in Panyu, China and is well-equipped with advanced production facilities, including a scalable water treatment facility and cogeneration power plant. In addition, it also has a manufacturing plant in Vietnam.

Pacific Textiles and Toray have been developing new fabrics together, and Pacific Textiles has been indirectly supplying fabrics to Toray. As a long-time partner of Pacific Textiles, Toray is ideally placed to work closely with Pacific Textiles. Through this strategic investment, Toray expects to strengthen its business relationship with Pacific Textiles and further align the interests of the two groups.

By leveraging Toray's strengths in raw materials and Pacific Textiles’ value-added knitting services, both groups are positioned to innovate and improve products to their end clients, as well as penetrating into new geographies and adjacent segments. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Work on Quaid-e-Azam Apparel Park in Pak to be accelerated

Apparel/Garments | On 23rd Jan 2019

Work on Quaid-e-Azam Apparel Park in Pak to be accelerated

A recent meeting of the Punjab Board of Investment and Trade presided ...

Retail break-up across top 7 Indian cities; Courtesy: Anarock Retail

Apparel/Garments | On 23rd Jan 2019

Indian retail is coming of age: Anarock Retail

From a mere 9 per cent share in 2017, the organised retail market in...

Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


January 2019

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

news category


Related Categories:

Advanced Search