Corporate News     21-Nov-22
Arvind and PurFi Global LLC announces JV to reduce textile waste
Arvind and PurFi Global LLC, a sustainable technology company specializing in rejuvenating textile waste into virgin quality products, today announced a joint venture to reduce the amount of textile waste going to landfills.

PurFi and Arvind will locate the first in a series of planned fiber rejuvenation facilities near one of Arvind's manufacturing facilities in India. This facility will process textile wastes – white cotton, colored cotton, denim and synthetics – into virgin-like fibers for reuse from two lines, where each line will have a 5,500-ton capacity per year with plans to expand over the next five years. The investment for these two lines is envisaged at Rs. 200-250 crores. Expansion plans include an additional production line that removes elastomers from fabrics utilizing another of PurFi's proprietary technologies.

Currently, 85% of the world's apparel contains elastomers, which make it very difficult to recycle or rejuvenate. PurFi's technology is the first commercially viable technology proven to safely remove elastomers without the use of toxic chemicals and preserve the host fiber while having the ability to recycle the elastomers that were removed. The joint venture is slated to start construction in the fourth quarter of 2022 with full production expected to commence in the fourth quarter of 2023.

Previous News
  Arvind consolidated net profit rises 2.09% in the March 2024 quarter
 ( Results - Announcements 06-May-24   13:43 )
  Arvind reports consolidated net profit of Rs 98.42 crore in the June 2022 quarter
 ( Results - Announcements 01-Aug-22   13:51 )
  Arvind to hold AGM
 ( Corporate News - 08-Jul-24   17:02 )
  India Tourism Development Corporation Ltd leads gainers in 'A' group
 ( Hot Pursuit - 11-Nov-20   12:00 )
  Arvind to discuss results
 ( Corporate News - 23-Jul-24   12:03 )
  Arvind consolidated net profit rises 8.03% in the December 2017 quarter
 ( Results - Announcements 31-Jan-18   17:16 )
  Arvind jumps on offloading stake in Omuni to Shiprocket
 ( Hot Pursuit - 19-Jul-22   10:19 )
  Punjab National Bank leads losers in 'A' group
 ( Hot Pursuit - 10-Jul-20   15:00 )
  Arvind consolidated net profit rises 6.78% in the December 2014 quarter
 ( Results - Announcements 05-Feb-15   17:23 )
  Board of Arvind approves change in directorate and senior management
 ( Corporate News - 06-May-24   14:43 )
  Arvind to table results
 ( Corporate News - 30-Jul-18   11:59 )
Other Stories
  Cipla announces resignation of director
  26-Jul-24   20:08
  Board of Cipla appoints directors
  26-Jul-24   20:07
  Cipla appoints senior management personnel
  26-Jul-24   20:06
  CG Power & Industrial Solutions allots 30,000 equity shares under ESOP
  26-Jul-24   20:04
  Infosys allots 86,477 equity shares under ESOP
  26-Jul-24   20:00
  CG Power & Industrial Solutions announces resignation of Head HR
  26-Jul-24   19:52
  Board of Gujarat Themis Biosyn appoints director
  26-Jul-24   19:50
  Sutlej Textiles and Industries announces change in senior management
  26-Jul-24   19:41
  Technvision Ventures announces cessation of director
  26-Jul-24   19:39
  Cholamandalam Investment & Finance Company appoints Ravindra Kumar Kundu as MD
  26-Jul-24   18:05
Back Top