Terrot confirms takeover of circular knitting machine builder Pilotelli
German circular knitting machine builder Terrot has acquired troubled Italian manufacturer Pilotelli, which was involved in court proceedings related to insolvency at the end of 2013. The deal will see formation of a new company,
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Investment boost for Bangladesh knitting sector
A US-based private investment firm is to invest US$200 million in the ready-made garment and textile industries of Bangladesh, a project which could see it acquire minority stakes in a number of the country?s large-scale knitting mills.