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Insight1 Sept 2015Amid the Australian Wool Week activities, sales took place on Tuesday, August 25, and Wednesday, August 26, this week, with the market seeing some falls again. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) weakened by 41 cents to close on 1,222 cents per kilo clean on Wednesday, August 26. In US dollar terms, the market fell with 57 cents to 872 cents per kilo.
The smart and wearable textiles sector in the US is set to receive a major boost thanks to a new programme of government funding.
Turkish company Mogul Nonwovens is investing $17.6 million in its first US manufacturing facility, with a new spunlace plant in South Carolina.
Insight28 Aug 2015Dr Jan Beringer will present the results of Hohenstein’s current research study on the physiological and thermophysiological impact of compression garments in a free webinar, being aired on Wednesday, 9 September at 12 noon.
Insight27 Aug 2015The announcement of a $25 million private-equity investment in US fabric-on-demand printer Spoonflower is a landmark moment for the company – not least because it is to be the occasion for international expansion, with the opening of a European office in Berlin.
Insight26 Aug 2015The favourable exchange rate of the euro, together with a focus on technical weaving lie behind a successful first half of 2015 for Picanol. Picanol Group realised a consolidated turnover of €259.8m, an 18% increase in comparison to €219.9m in the first half of 2014. Both divisions saw their turnover increase based on higher volumes in the first half of 2015.
Insight25 Aug 2015Lenzing’s 2015 first half results build on those of the last quarter when, after around two years of difficulties, mainly as a result of weak fibre selling prices, profits improved, albeit at a modest level. Consolidated revenue rose by 6.2% in the first half-year, from €900m to €955.4m.