September 14, 2007
September 14, 2007 - International Textile Group, Inc. (ITG) announced that its Burlington WorldWide (BWW) division has entered into a marketing and commercial partnership with OCM India Limited. OCM is a leading Indian manufacturing company of worsted wool fabrics located in Amritsar India. Like ITG, OCM is majority-owned by WL Ross & Co. LLC of New York, N.Y.
Under the agreement, BWW will provide technical and manufacturing support to OCM in the development of advanced manufacturing processes and operations and the development of new wool fabrics with opportunities to promote and use fabric technologies developed by BWW. BWW will develop and operate an export program for the sale of OCM products to the United States, European and Asian markets. OCM will be licensed to produce and sell enhanced wool fabrics under the Burlington brand name to the domestic Indian market.