Bolger & O ’ Hearn Products now on ZDHC list
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Global Textiles & Apparels , Mumbai , 26 July 2018
COTC Project Moves Forward
USA : The fully integrated Crude Oil to Chemicals ( COTC ) complex is on track to become the largest of its kind in the world .
It will become a major contributor to Saudi Vision 2030 , enabling a new era of industrial diversification , job creation , and technology development in the Kingdom .
The complex has been expected to process 400,000 barrels per day of Arabian Light crude oil , which will produce approximately nine million tons of chemicals and nine million tons of fuels per year . Also notable , it is projected to achieve a direct conversion rate from crude oil to chemicals of up to 50 %, which is unprecedented globally .
Equity house True acquires stake in Frugi
UK : Frugi , Brand has been acquired by private equity house True . Frugi , known for offering sustainably-sourced organic cotton apparel and accessories for babies , children , and new mothers has also got a new Chief Executive who will support the growth of the brand .
The retailer sells its products through John Lewis , Zalando , Next , and independent stores other than its own website welovefrugi . com .
The brand is still growing fast and expanding its product range . Now , team numbers have reached more than 80 people working at its HQ in Cornwall , and across the UK and Europe .
Bolger & O ’ Hearn Products now on ZDHC list
USA : With the recent collaboration between bluesign ® and ZDHC , several of the chemistries developed by Bolger & O ’ Hearn Specialty Chemicals are now listed on the official ZDHC list of sustainable , approved textile industry chemistries .
ZDHC is a global sustainability leader at the forefront of effectively phasing out hazardous substances from the supply chains serving the textile , apparel , leather and footwear industries . According to materials from ZDHC .
The guidance documents and tools of ZDHC , such as the ZDHC Manufacturing Restricted Substance List ( ZDHC MRSL ), the ZDHC Wastewater Guidelines and the ZDHC Gateway platform have become a major industry reference for holistic sustainable chemical management .
Chemistries developed by Bolger & O ’ Hearn that are now approved by bluesign ® and ZDHC include Stormproof / Breathable™ OmniBloq™ — an advanced DWR technology engineered to keep apparel dry and consumers comfortable , even when exposed to pounding wind and rain — and Altopel F3 , an advanced fluorine-free water repellent .
Kraig Biocraft Lab Accelerates its Production
USA : Kraig Biocraft Laboratories Inc ., the developer of spider silk based fibers , had announced to advance its production ramp-up plan for Prodigy Textiles Co . Ltd .
The company has already received its business license for Prodigy Textiles and its investment authorization for up to $ 2.2 million to fund the first phase of its spider silk commercialization scale up efforts in Quang Nam .
This approved first phase includes the importation of the company ’ s hybrid silkworms and production of Prodigy Textiles ’ unique high performance silk . the company requested an acceleration of the project schedule , including authorization and the investment license for the second phase of operations , with a total investment cap of up to $ 50 million .
The second phase of the company ’ s investment plan includes the development of a 50 hectare parcel of land and the construction of a new dedicated factory , designed to support the company ’ s five year expected recombinant spider silk production output needs . The company has already begun to work with a local architectural firm to develop the plans for this unprecedented facility and spider silk production complex .
Workers sets deadline to fix BDT 16,000 as min wage
Bangladesh : The Stakeholders in the readymade garment industry of Bangladesh involved in determining the new minimum base wage for the garment workers , seem to be heading towards a face-off after the Garment Workers ’ Trade Union Centre ( an organization for RMG workers ) reportedly issued an ultimatum to
Flipkart to boost BBD Sale
Mumbai : Amazon has been gearing up for its big billion days ( BBD ) sale . For which , it is eyeing to triple its delivery and warehousing workforce to 1,00,000 .
Flipkart is anticipating 80 per cent rise in terms of size with this year ’ s sale as compared to the previous year .
Flipkart is trying to tap the majority of the market with its upcoming flagship sale .
The world ’ s leading retailer Walmart , who acquired 77 per cent stake in Indiabased e-retailer Flipkart , is expecting the record US $ 16 billion deal to be finalised soon .
The US-based retailer is still waiting for approval from the country ’ s trade regulatory body Competition Commission of India ( CCI ).
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meet their demand of BDT 16,000 as base wage within 15 days , failing which it had allegedly threatened tougher movements .
Not happy with the developments , several workers ’ unions , including Garment Workers ’ Trade Union Centre and Ganasanghati Andolan had decided to hold protest rallies .
Reliance buys additional stake in GCL
Mumbai : Reliance Industries ’ subsidiary Reliance Brands has acquired an additional 8 per cent stake worth Rs 34 crore in Genesis Colors Limited ( GCL ), a luxury fashion firm . It previously acquired 40 per cent stake from L Catterton . This additional acquisition is in line with the company ’ s objective to fully acquire the Genesis Luxury group . This acquisition has taken the brand ’ s total stake to 9.29 per cent , as according to the filing , the company bought 8.14 per cent equity stake in the luxury fashion retailer for around Rs . 34.17 crores . The luxury fashion group had a tentative annual turnover of Rs 86.02 crore in the last fiscal year and a turnover of Rs . 80.04 and 114,16 crores in the previous fiscal years .
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Saif-Kareena to launch ethnic wear line
Mumbai : Bollywood couple Saif Ali Khan and Kareena Kapoor will soon launch their ethnic-wear brand for both men and women .
The brand which is yet to be revealed is likely to be named ‘ The House Of Pataudis ’. The couple is currently in talks with designers to know more about the fashion industry .
The couple will launch their line , whichaims to bring back fabrics and styles from the royal gharanas , by the second half of this year .
Any confirmation from Saif- Kareena is yet to be announced on this matter .