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Related Keywords: automotive, CoreTech, fibers, Filidea, furniture, GmbH, Hoftex, Italy, natural, Neutex, sewing, synthetic, technical yarns

The italian Company Filidea s.r.l., specialized in technical and performing products made out of natural, synthetic and artificial fibers, announces the acquisition of Hoftex CoreTech GmbH from the German group Hoftex.

The agreement was signed on May 18th, the closing time for this acquisition is fixed on September 1st. Through this acquisition, Filidea confirms its international dimension, consolidates its leadership within the sector of technical yarns and expands its presence in the European territory.

Related Keywords: bedding, clothing, fashion industry places, furniture, growing cotton for fabric, locally produced raw materials, secondhand fashion, sustainable fashion movement, textile manufacturing, upcycled fashion

When you think about industries that are harmful to the environment, chances are metals, plastic, or coal come to mind. But not the clothes in your closet. So consider this the next time you try on a sweater or buy a new pair of shoes: the fashion industry places such a heavy burden on the environment that some critics call it one of the dirtiest industries in the world.

Related Keywords: apparel and textile industry, association of NIIFT and Groz-Beckert Asia, equipment, free course of the Industrial Sewing Machine Operator, furniture, NIIFT, Northern India Institute of Fashion Technology, offered machinery, other related installations, set up a skill development, training facility, underprivileged students

The Northern India Institute of Fashion Technology (NIIFT) has set up a skill development and training facility for the underprivileged students which will be used in a free course of the Industrial Sewing Machine Operator.

Under the association of NIIFT and Groz-Beckert Asia, NIIFT has provided space for the training facility while Groz-Beckert Asia has offered machinery, equipment, furniture and other related installations including IT peripherals.

Additionally, Groz-Beckert Asia will provide necessary financial support for the smooth functioning of the training facility.

Related Keywords: bedding, craft and seasonal market, Empire Investment Holdings, furniture, management buyout, nonwoven, nonwoven polyester materials products, Polyester Fibers LLC

Polyester Fibers LLC, North American the largest and most flexible manufacturer and distributor of value-added, high-loft nonwoven materials has been sold in a management-led buyout from its parent company Empire Investment Holdings.
 
Salem Investment Partners and JPMorgan Chase provided funding and advice for the purchase from Empire Investment Holdings.