Malaysian textile equipment maker plans rights issue

GPRO Technologies Bhd, Asia’s leading provider of lean solutions for the textile and apparel industry, is planning to issue up to 253,994,100 rights shares and an equal number of warrants at an issue price of 10 Malaysian ringgits per share.

The Malaysian company said funds raised through the rights issue will be utilized to increase cash flows and to meet its working capital requirements, which includes capital needed to sustain the current business and to invest in any viable project in future.

For more than a decade, GPRO’s award-winning innovations and solutions have redefined how textile and apparel companies work on the shop floor, especially by setting new standards for productivity data collection anywhere and anytime.

Equipments manufactured by GPRO Technologies have been sold and used in textile and apparel producing countries in Asia, including Vietnam, Indonesia, China, Bangladesh and Malaysia.


For more details please visit : Malaysian textile equipment maker plans rights issue @ Fibre2fashion

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ComforJet yarns license for Hermann Bühler

The spinning company, Hermann Bühler AG, in Switzerland has acquired the Rieter license for ComforJet yarns. The official handover of the certificate took place at the ITMA in Barcelona. On the Rieter stand in the presence of numerous visitors, Reto Thom, Rieter’s Head of Sales, presented the certificate to Mr. Dr. Beat Denzler, Chairman of the Board and Mr. Martin Kägi, CEO Hermann Bühler AG.

Hermann Bühler AG produces yarns for customers with the highest demands. With innovative products, top quality and a perfect customer service, the spinning plant sets standards. Always interested in the latest technology, Hermann Bühler AG has been involved from the start in the development of the Rieter air-jet spinning machine. Consequently, the company is also one of the first certified suppliers of ComforJet yarns.

New yarn with new properties

The form of the yarn construction on the air-jet spinning machine, turbulence from an air stream in a spinning nozzle, results in a new type of yarn structure. Typical features are the very low hairiness, the smooth yarn surface and the associated soft and voluminous yarn character. This yarn from the Rieter air-jet spinning machine is marketed under the brand name ComforJet. It creates many benefits, not only in downstream processing but also in the end product and opens up new areas of application.


For more details please visit : ComforJet yarns license for Hermann Bühler @ Fibre2fashion

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Makers of Celliant appoint Mr Foyle as MD

Hologenix, LLC, makers of Celliant, the leading responsive textile technology for apparel, bedding and veterinary products, announces the recent appointment of Alexander Foyle as Managing Director for Europe, Middle East and Africa. Foyle will oversee an international sales force and will report to Seth Casden, CEO of Hologenix, LLC.

"Mr. Foyle is a proven sales professional with successful marketing and innovation endeavors and an impressive 15 years of international experience," said Seth Casden, CEO of Hologenix, LLC.

"His expertise in the European market will allow him to successfully develop new opportunities for the company and brand as a whole, helping Celliant expand its presence in key markets."

Foyle previously held the role as Managing Director of Deutsche Standards Editionen GmbH, after initially joining the company as Publishing Director in the beginning of 2010. In 2011 Deutsche Standards recorded their best year yet, with prestigious international projects financed amongst others with grants from the German government.

Foyle began his career as an entrepreneur and co-founded the Hanf Medien GmbH, which produced the monthly magazine, "Hanf." He subsequently worked in Sales Director positions for Germany's Konemann publishing group, Parragon GmbH and Marix GmbH.

At these firms, Foyle effectively increased sales at an international level and successfully launched these brands into new markets. Foyle graduated with a BA in European Business Administration from the European Business School in London.

For more details please visit : Makers of Celliant appoint Mr Foyle as MD @ Fibre2fashion

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