[pageLogInLogOut]

#Textiles & Apparel / Garment

Toray Industries and MAS Holdings announce Joint Venture in Odisha, India

Toray Industries (H.K.) Ltd., has officially entered a joint venture with South Asia’s largest apparel manufacturer MAS Holdings, marking a unique opportunity to enhance the two companies’ supply chain capabilities and pursue product manufacturing within and for the fast-growing Indian market. The joint venture, operating under the name Toray MAS Apparel India, will see the establishment of a new manufacturing facility at the MAS Apparel Park Bhuinpur in Odisha, India, which is currently under development.
from left to right: Yasukochi Akira - Sales Director, Toray MAS Apparel India, Teruki Umeda - Managing Director, Toray MAS Apparel India, Teruo Funhashi - Managing Director, Toray Hong Kong, Malik Ahamadeen - CEO, MAS India, Suren Fernando - Group CEO, MAS Holdings, Shakthi Ranatunga - Chief Operating Officer, MAS Holdings, Rajitha Jayasuriya - Director, Corporate Affairs, MAS Holdings, Sid Amalean, Director – Innovation & Business Strategy, MAS Holdings, Surath Chandrasena, Finance Director, MAS Holdings. © 2025 Toray MAS Apparel India
from left to right: Yasukochi Akira - Sales Director, Toray MAS Apparel India, Teruki Umeda - Managing Director, Toray MAS Apparel India, Teruo Funhashi - Managing Director, Toray Hong Kong, Malik Ahamadeen - CEO, MAS India, Suren Fernando - Group CEO, MAS Holdings, Shakthi Ranatunga - Chief Operating Officer, MAS Holdings, Rajitha Jayasuriya - Director, Corporate Affairs, MAS Holdings, Sid Amalean, Director – Innovation & Business Strategy, MAS Holdings, Surath Chandrasena, Finance Director, MAS Holdings. © 2025 Toray MAS Apparel India


The groundbreaking for the MAS Apparel Park took place earlier this year in March 2025, with operations expected to commence in early 2026. The new facility is aimed at catering to both current and potential customers in the region, supporting the growing demand for high-quality, innovative textile solutions.

The official signing ceremony for the partnership took place in June at the MAS Head Office in Colombo, with Teruo Funahashi, Managing Director of Toray Hong Kong, and Suren Fernando, Group Chief Executive Officer of MAS Holdings, representing the two organizations.

Commenting on the partnership, Teruo Funahashi, Managing Director of Toray Hong Kong, said “Toray MAS Apparel India will contribute to local employment and economic growth by manufacturing advanced, top-quality offerings. That company will serve as a garment stronghold in India for Toray and MAS Holdings, reinforcing their partnership by deploying strategies that capitalize on their capabilities”.

Suren Fernando, Group CEO of MAS Holdings stated "This joint venture marks a significant step forward in strengthening our global supply network and deepening our partnership with Toray Industries. The Odisha facility will play a key role in supporting our customers’ evolving needs, driving innovation and contributing to regional economic development. In today’s global economic landscape, strategic partnerships like this are key to enhancing our capabilities and continuing to deliver value-added solutions to our customers."

The collaboration builds on MAS Holdings' extensive apparel manufacturing expertise and Toray Industries' advanced material technologies, positioning Toray MAS to deliver innovative products to global brands while fostering economic growth and job creation in Odisha.

The operation being set up aims to advance sustainability by incorporating renewable energy solutions such as rooftop solar PV, energy-efficient technologies across operations, and advanced water and wastewater management systems. The facility is also being designed to ensure universal accessibility, integrating environmentally responsible practices in waste and chemical management, aligning its future operations with both environmental stewardship and social responsibility.




More News from Toray Industries, Inc.

More News on Textiles & Apparel / Garment

#Textiles & Apparel / Garment

Catalyst Club launches in Florence: Where conversations become catalysts for change

The first chapter of Catalyst Club debuted in Florence, bringing together creative directors, entrepreneurs, manufacturers, journalists and innovators from across the fashion and textile industry for an evening of dialogue, exchange and connection.

#Associations

Mario Jorge Machado re-elected President of EURATEX

The EURATEX General Assembly has re-elected Mario Jorge Machado as President of EURATEX, renewing its confidence in his leadership at a crucial moment for the European textile and clothing industry. The sector is facing rising costs, global competitive pressure and an increasingly challenging transition towards sustainability and digitalisation.

#Textiles & Apparel / Garment

Autopsy, the new trend book by Texworld Apparel Sourcing Paris, deciphers the fractures of our time through 12 creative signals

Presented during Texworld Apparel Sourcing Paris, from August 31 to September 2, 2026, at the Paris-Le Bourget Exhibition Center, Autopsy offers a reinterpretation of the contours of fashion in a world undergoing profound transformation, balancing radical introspection and sensitive renewal.

#Yarn & Fiber

Next week’s focus: Intertextile Shenzhen & Yarn Expo Shenzhen fuse textile tradition with sustainable, digital trends

Fashion will not be left behind in one of the world’s undisputed tech and manufacturing capitals. Which is why next week, at Intertextile Shenzhen Apparel Fabrics and Yarn Expo Shenzhen 2026, the organisers have made special efforts to integrate textile topics such as materials innovation, holistic sustainability, digitalisation and AI. Yet, from 9 – 11 June at the Shenzhen Convention and Exhibition Center, the platform also includes timeless tradition and heritage-inspired evolution in equal measure. Across both shows, over 600 exhibitors from 11 countries and regions are set to showcase everything from Peruvian alpaca wool fabrics to tea-derived fibres, while their fringe programmes will explore diverse solutions along the entire value chain.

Latest News

#Research & Development

ALADIN paves the way for circular and demand-driven textile production in Europe

Textile production can be organized sustainably by utilizing short supply chains and preventing overproduction. This can already be achieved today by intelligently connecting and efficiently utilizing existing infrastructure. At the same time, production becomes circular when innovative technologies and materials are used that enable high-quality recycling. The ALADIN research project, launched in May 2026 and co-funded with five million euros under the EU Horizon Europe program, is creating the conditions for this.

#Nonwovens

Katharina Obergruber appointed to the Management Board of Sandler AG

The Supervisory Board of Sandler AG has appointed Katharina Obergruber to the company’s Management Board. Effective September 1, 2026, the Board will consist of Philipp Ebbinghaus (CEO), Dr. Ulrich Hornfeck (currently CCO, future COO), and Katharina Obergruber (CCO). Katharina Obergruber, currently Chief Sales Officer Hygiene and member of the Management Team of Sandler AG, will assume responsibility for all sales activities as Chief Commercial Officer. She will assume this role from Dr. Ulrich Hornfeck, who will focus primarily on production and supply chain topics.

#Recycling / Circular Economy

Ence and ShareTex begin initial testing of the ATENEA innovation project to promote textile recycling in Spain

Ence and ShareTex are making progress on the Atenea R&D project, which aims to develop a complete value chain for textile recycling in Spain. Specifically, the goal of the ATENEA project—which is funded by the Center for Technological Development and Innovation (CDTI)—is to connect all the necessary stages for the recovery of textile waste, from collection and management, through recycling and transformation into new raw materials, to their incorporation into new textile products.

#Recycling / Circular Economy

DePoly Inaugurates its Showcase Plant in Monthey Switzerland

What if used plastic bottles, PET packaging material and polyester textiles could become raw materials just as high performing as virgin resources? That is the ambition of DePoly, a circular materials company based in Sion, Switzerland which inaugurated its Showcase Plant in Monthey on July 6th & 7th. The first depolymerization facility of its kind and scale in Switzerland, this industrial Showcase Plant represents a major milestone in the company's growth and its journey toward commercialization.

TOP