Explore ideas, evidence and developments across the textile value chain.
23,367 articles · latest first · 21,841–21,864
News17 Dec 2013Oerlikon and the European Investment Bank (EIB) have agreed a loan totalling approximately CHF 150 million ($169 million) to provide low-cost financing to the company's research and development (R&D) projects.
News17 Dec 2013Nantong Teijin Co, the Teijin group’s polyester textile manufacturing and processing company, will provide uniforms, designed by Onward Trading (Shanghai) Co., Ltd., a company engaged in the design, manufacturing and sales of uniforms, for Fuji Xerox (China).
News17 Dec 2013Indian fabric prices have been influenced during the past month by falling domestic yarn prices and a weaker rupee. Nonetheless, evidence of further investment in both weaving and knitting machinery has continued to emerge.
Keer will construct and operate a 230,000-square-foot manufacturing facility in Indian Land, located in Lancaster County. There the company will produce industrial cotton yarn, taking advantage of South Carolina’s location within the heart of the USA’s cotton-producing region. Keer expects to break ground on the facility in early February.
Norbert Klapper will take over as CEO of the Rieter Group and also heads up Business Group Spun Yarn Systems from January 1. The current head of the business group, Peter Gnägi, is standing down at the year-end at his own request, however, he will provide support during 2014 in connection with strategically important projects.
Profile16 Dec 2013Despite the fierce competition in international markets from China, Vietnam and Bangladesh, Indonesia’s textile industry is confident that it has a ‘distinct edge’ over the low-cost producing competitors with its quality and innovative products.
Johnson Controls is to acquire a 60% ownership stake in Hitachi Appliances’ global air conditioning business, excluding sales and service operations in Japan and certain other assets. The companies expect the joint venture to begin operations in 2014 and anticipate the deal will create the world’s largest commercial air conditioning provider.
Messe München, organiser of the Ispo sports trade fair, is to start the first summer Ispo in China in 2015, following market demand at this year’s Ispo Beijing and Ispo Academy. The date and event site will be set in collaboration with market participants.
Insight16 Dec 2013With the 2015 deadline approaching for establishing a common market within the Association of Southeast Asian Nations (ASEAN), Indonesian textile manufacturers need professional competency standards to be harmonised across the 10 member countries, according to the Indonesian Textile Association - Asosiasi Pertekstilan Indonesia (API).
News16 Dec 2013Domestic cotton yarn sellers continued to struggle to liquidate stocks, as demand from weavers and knitters remained sluggish. Fabric manufacturers themselves are facing the challenge of managing accumulating stocks, with many cutting operating rates. Spinners have limited scope to reduce their offering rates, as current rates reflect the cost of production, with little or no margin. However, traders offered discounts on imported cotton yarn supplies in an attempt to stimulate buying interest.
According to information supplied by Tecnon OrbiChem, global production of polyester filament yarn could reach 28,980,000 tonnes this year, which would represent an increase of no less than 44% from just four years earlier. Almost all of that increase has occurred in China, with massive investment in new capacity witnessed in that country.
