Thai Union Frozen Products (TUF) is considering divesting its stake in American tuna brand Chicken of the Sea, a move that could clear the way for its planned $1.5bn acquisition of Bumble Bee Foods. TUF CEO Thiraphong Chansiri was quoted ...
Tags: Frozen Products, Chicken
Thai Union Frozen Products (TUF) is planning to raise close to $380m, which will fund its planned acquisition of Bumble Bee Seafoods. TUF will offer up to 795.3 million new shares to its existing shareholders at $0.4685 each, Reuters ...
Tags: food, Bumble Bee Seafoods
India’s textile and garment exports registered an almost flat growth at $41.4 billion in 2014-15, against $40.8 billion in the previous fiscal, falling short of this year’s target of $45 billion, according to media reports. ...
Tags: Garment Exports, Textiles Exports
The Southern India Mills Association (SIMA) has appealed union minister of state for textiles Santosh Kumar Gangwar to direct Cotton Corporation of India (CCI) to immediately commence selling of cotton by e-auction directly to the actual ...
Tags: good quality cotton, Cotton
Thai Union Frozen Products (TUF) has agreed to acquire Bumble Bee Seafoods from pan-Atlantic private equity firm Lion Capital for $1.51bn. An agreement to acquire 100% of the shares of Bumble Bee Foods has been reached by TUF. Bumble ...
Tags: Seafoods, Agriculture
An Auburn, Maine-based developer, manufacturer and marketer of textile products for extreme-temperature industrial applications — has begun construction on a 22,500-square-foot expansion of its Kittyhawk manufacturing facility in ...
Tags: Textile
Citing increased customer demand for its products and a reliable forecast for that demand to continue, Auburn Manufacturing, a leading developer, manufacturer, and marketer of textile products for extreme temperature industrial ...
Tags: textile products, fibers
TEXPROCIL welcomes Continuation of the Technology Up gradation Fund Scheme in 12th Plan period. The Cabinet Committee on Economic Affairs has given its approval for continuing the Technology Upgradation Fund Scheme (TUFS) during the 12th ...
Tags: Textile
The predominantly cotton based textile industry in India faced a crisis during 2008-09 due to global recession and again a grave crisis during 2010-11 owing to high volatility in cotton prices and certain external factors. The Government ...
Tags: textile industry, textile, Apparel
Shri P. Chidambaram, Shri Manikam Ramaswami, Chairman, TEXPROCIL said “The Budget has addressed many of the issues faced by the textiles industry”. The Budget has restored the “Zero duty excise duty route” for cotton ...
Tags: Budget Positive, Growth Oriented, Texprocil, textiles industry
Dr A Sakthivel, Chairman, AEPC welcomed the announcement of Union Budget on the RMG garment industry. He thanked the Hon’ble Finance Minister in accepting the demand of the industry to restore the ‘zero excise duty ...
Tags: AEPC, Branded Apparels, RMG garment industry
The Indian textile industry, employing over 100 million people directly and indirectly has been looking for various schemes and assistance in the Union Budget 2013-14 to regain its global competitiveness which faced the worst ever crisis in ...
Tags: textile industry, Union Budget, SIMA
Apparel Export Promotion Council organised Export Excellence Award and Lifetime Achievement Award, here on 22nd February evening. Shri Anand Sharma, Hon’ble Minister for Commerce, Industry & Textiles, Government of India was the ...
Tags: Apparel Export, Textiles, Apparel
One of the leading denim manufacturers in India, Suryalakshmi Cotton Mills Ltd, reported its quarterly profit & revenue numbers with a 15.12% rise in revenue and a massive 7.57% jump in the net profit for the quarter ended December 31, ...
Garments Exporters Association (GEA) has requested the Government to provide adequate fiscal relief for the garment sector of the textile industry to enable it to face increasing international competition. GEA has pointed out that garment ...