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March/April 2014 March/April 2014

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Events

Understanding The U.S. Government Lists Of Products Believed To Be Made With Forced Or Child Labor webinar
04/22/2014 - 04/22/2014

12th International Exhibition on Textile Industry (Indo Intertex 2014)
04/23/2014 - 04/26/2014

Smart Fabrics & Wearable Technology 2014
04/23/2014 - 04/25/2014

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Weaving & Spinning

Borgosesia Makes Bid To Acquire 51 Percent Of SMIT

Borgosesia Makes Bid To Acquire 51 Percent Of SMITItaly-based Promatech S.p.A. has entered into a preliminary agreement under which Borgosesia S.p.A., also based in Italy, would acquire a 51-percent ownership stake in SMIT S.p.A., a Promatech business located in Italy. The remaining 49 percent of the company would be owned by SMIT Textile Management. When Promatech acquired Switzerland-based Sulzer Textil in 2002, SMIT formerly known as Sulzer Tessile was spun off as a separate company to satisfy EU antitrust authority regulations. September 2003




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