Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Stock Report

| More

RSWM Ltd. inks strategic partnership with HeiQ to offer anti-COVID fabric under Mayur brand

Posted On: 2020-06-25 12:11:47


Meeting the safety concerns of consumers and offering them a viable and secure solution against COVID-19, India's leading textile manufacturer RSWM Ltd. has announced its latest innovation with the launch of anti-viral fabric range 'ViroSecure'. The new range has been launched through a strategic technology partnership with HeiQ* that lends its antiviral Viroblock** technology to formulate a protective coating on the fabric to offer 99.99% protection against SARS-CoV-2 in just 30 minutes. With ViroSecure, RSWM is targeting 20 percent of sales in FY 2020-21.

Speaking on the launch, Mr.Suketu Shah, CEO and Business Head, Mayur Suiting and LNJ Denim said, "As the world reels under COVID-19 impact, we, as a company have the responsibility towards our consumers, and are committed to equipping them with the resources to adapt to this new normal. With a legacy of over five decades, RSWM has been offering innovative solutions in the suiting as well as denim segment and meeting the fabric demands of our discerning consumers. Towards this, we are pleased launch the ViroSecure fabric range that offers anti-COVID protection against the spread and transmission of the pathogen. Together with our partner HeiQ, we aim to become a reliable choice for consumers to bring in a seamless continuity to our lifestyle, enabling a secure and future-ready environment. There is a significant uptake in the demand for the anti-viral fabric technology and with this; we are targeting 20 percent of the sales from the ViroSecure fabric in this fiscal."

HeiQ Viroblock*technology is among the first textile technologies in the world to have a proven effect against SARS-CoV-2 in the laboratory. Tests conducted by this Swiss textile innovator in association with the Peter Doherty Institute for Infection and Immunity in Melbourne, Australia (Doherty Institute) highlighted that treated fabric demonstrated a rapid antiviral action against the SARS-CoV-2 virus strain. The fabric sample with HeiQ Viroblock NPJ03 destroys viruses after 30 minutes of coming in contact. This offers a SARS-CoV-2 virus reduction of over 99.9%. Viroblock treated textiles are also hypoallergenic, self-sanitizing, and germ-resistant. The fabric has been made by Mayur Suiting with HeiQ Viroblock technology and tested successfully by HeiQ's Switzerland laboratories.

Talking about the association with RSWM, Carlo Centonze, CEO, HeiQ Group said, "We are driven by the purpose of improving the lives of people and communities by perfecting everyday products. HeiQ's Viroblock is a breakthrough innovation extending a special combination of advanced silver and vesicle technology. It is effective against the human coronavirus 229E & SARS-CoV-2, and lab tests have proven that it reduces 99.99% of the virus in 30 minutes. Testings conducted against the Sendai virus provide 99.2% reduction of the virus in two minutes and 99.7% in just five minutes**. As a leading homegrown textile company, we are pleased to partner with RSWM to extend our technology to millions of consumers in India and benefit the larger communities across the globe."

'ViroSecure' is a premium segment brand that will be marketed under Mayur, RSWM's flagship brand for suiting and shirting. Mayur will be prioritizing and offering the ViroSecure fabric for making uniforms for frontline healthcare workers, school, children, and defense and police personnel, in addition to suiting and shirting requirements.

ViroSecure will be available at multi-brand outlets across the country from 20th July, 2020 onwards, and will be priced affordably.

*Based on modified ISO 20743 method
**HeiQ, HeiQ Viroblock and Viroblock are trademark(s) or registered trademark(s) of HeiQ Materials AG.


Shares of RSWM LTD. was last trading in BSE at Rs.82.15 as compared to the previous close of Rs. 85.05. The total number of shares traded during the day was 3444 in over 166 trades.

The stock hit an intraday high of Rs. 87.6 and intraday low of 81.45. The net turnover during the day was Rs. 290902.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

Vedanta Limited board approves first interim dividend of Rs. 9.50

Calcom Vision Ltd posts Q2FY21 PAT of Rs. 0.33 crore

Rossari Botech Ltd Q2FY21 consolidated net profit higher at Rs. 20.69 crore

Vardhman Textiles Ltd reports Rs. 60.22 crore consolidated PAT in Q2FY21

ICICI Bank gets approval for closing down operations in Sri Lanka

Aditya Vision Limited opens 51st showroom at Manpur, Gaya, Bihar

Ashoka Kandi Ramsanpalle Road Pvt Ltd receives financial closure letter from NHAI

Jasch Industries Ltd Q2FY21 PAT at Rs. 1.83 crore

The Anup Engineering Ltd board to announce Q2FY21 results on Oct 31, 2020

ZF Steering Gear India Ltd Q2FY21 loss at Rs. 0.97 crore

Polycab India Ltd Q2FY21 consolidated PAT rises to Rs. 220.54 crore

KSB Limited to invest in solar power plant SPV

Redington Gulf omcreases stake in Citrus to 100%

Ultramarine & Pigments Ltd board to announce Q2FY21 results on Nov 10, 2020

Mr. Raghav Bahl, promoter of Quint Digital Media Limited decides against converting bulk of the warrants

ITC Ltd board to consider Q2, H1 results on Nov 6, 2020

Persistent Systems Limited appoints Mr. Sandeep Kalra as CEO

Persistent Systems Ltd Q2FY21 consolidated net profit climbs to Rs. 101.98 crore

DXC Technology India Pvt Ltd announces Rs. 56.50 as indicative price for delisting offer of Xchanging Solutions Limited

Huhtamaki PPL Ltd Q3CY20 net profit at Rs. 36.88 crore

LIC Raises Stake to 5.27% in IRB Infrastructure Developers Ltd.

Nestle India Ltd appoints Mr. Matthias C Lohner as Executive Director - Technical

Bank of Baroda approves issue of Basel III compliant AT-1 bonds for Rs. 2755 crore

Punjab & Sind Bank declares IFIN NPA account as fraud

Asian Granito India Ltd Board approves sub-division of equity shares

Supreme Petrochem Ltd Board declares Interim Dividend of Rs. 2.50

Nestle India Ltd board declares interim dividend of Rs. 135

National Plastic Technologies Ltd Q2 PAT at Rs. 0.47 crore

Sudarshan Chemical Industries Ltd Q2FY21 consolidated net profit at Rs. 30.33 crore

Supreme Petrochem Ltd Q2FY21 PAT jumps to Rs. 86.15 crore

Nestle India Ltd posts Q3CY20 net profit of Rs. 587.09 crore

Zenith Steel Pipes & Industries Ltd issues equity shares at Rs. 10

Vippy Spinpro Ltd posts net profit of Rs. 0.75 crore in Q2FY21

Tech Mahindra Ltd arm to acquire Momenton

ICICI Lombard General Insurance Company Limited reports Q2FY21 earnings

Genus Power Infrastructures Ltd Q2FY21 consolidated net profit at Rs. 0.89 crore

Bhageria Industries Ltd Q2FY21 consolidated PAT at Rs. 16.15 crore

WABCO India Ltd posts Rs. 35.10 crore PAT in Q2FY21

Benares Hotels Ltd Q2 loss at Rs. 3.02 crore

Tech Mahindra Ltd Board declares special dividend of Rs. 15

Duncan Engineering Ltd reports net profit of Rs. 1.64 crore in Q2

Control Print Ltd Q2 consolidated PAT rises to Rs. 7.42 crore

Tech Mahindra Ltd arm to acquire Tenzing Group

YES Bank Ltd reports consolidated PAT of Rs. 120.25 crore in Q2

Aarti Drugs Ltd board approves raising of upto Rs. 350 crores

Lupin Wins Five INDIASTAR 2020 Awards for Excellence in Packaging

Aarti Drugs Ltd Board approves interim dividend of Rs. 2.5 for FY21

Alankit Limited enters into agreement to provide eCard printing services

JSW Steel Ltd reports consolidated PAT of Rs. 1593 crore in Q2FY21

Aarti Drugs Ltd Q2FY21 consolidated PAT at Rs. 75.27 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019