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India: Kiri Dyes acquires German company Dystar for Rs 1,300 crore
05/02/2010: Ahmedabad-based dyes and derivative products manufacturer Kiri Dyes and Chemicals Ltd. (KDCL) has concluded the acquisition of German multinational Dystarfor Rs 1,300 crore. The buyout was through its group firm Kiri Holdings Singapore. The bidding ended on February 2, 2010 followed by agreements to take over the company. Dystar Group is engaged in the business of dyes and related solutions. See Details
Bangladesh: 30pc RMG industry capacity remains unused: Shortage of manpower alleged
04/02/2010: Acute manpower shortage in the apparel industry has pushed the sector towards vast problem leaving at least 30 per cent production capacity unused, stakeholders say. See Details
Pakistan: Unavailability of cotton yarn cripples downstream textile sector
04/02/2010: The value added textile exporters are finding it difficult to meet their commitments with their foreign buyers owing to non-availability of cotton yarn and feared there will be a spate of cancellation of valuable orders, losing of our foreign markets leading to large number of closures of the units resulting in mass unemployment, chaos and disaster. See Details
India: On buying spree: End of the season discount
04/02/2010: It’s that time of the year again when brands such as Reebok, Shoppers Stop, Marks and Spencers start clearing inventory by offering
discounts between 30-60% on their apparel and accessories. See Details
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