Ester Industries

Ester Loop Infinite Technologies, a joint venture of Ester Industries and Canada-based Loop Industries, on Monday announced that it will supply sustainable materials to athletic footwear and apparel brand Nike as part of a multi-year agreement. Under the agreement, Loop will supply Twist, its virgin-quality circular polyester resin made exclusively from textile waste, establishing Nike as the anchor customer for the Infinite Loop India manufacturing facility which is being constructed in partnership with Ester Industries, a statement said. "Nike has signed on as the anchor customer for the Infinite Loop India manufacturing facility multi-year offtake agreement secures supply of Twist, Loop's branded, virgin-quality polyester resin made exclusively from textile waste," it said. Loop's Twist resin, a verifiable textile-to-textile solution, will be used to reduce the usage of virgin and recycled flake polyester across Nike's product lines. "Our agreement with Loop Industries marks a .

In Q2, Ester Industries swung from a consolidated net loss of Rs 30.44 crore to a net profit of Rs 3.01 crore year-on-year (Y-o-Y)

The company has entered into long term agreement with Shaw Industries Group Inc, USA to supply circa 2,500 tonnes per annum of stain resistant master batch to world's leading carpet manufacturer

Firm's promoters had bought back five per cent stake from Vettel International in October for Rs 20 crore, to increase its focus on speciality polymers