Explore ideas, evidence and developments across the textile value chain.
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Insight19 Sept 2013“Despite the economy still being difficult to operate in for many fibre companies, and this is likely to continue for a few more years to come, the future of the man-made fibre industry is positive,” says Friedrich Weninger, COO of Lenzing AG.
News19 Sept 2013China Customs (Hangzhou Branch) reported that textile and apparel exports from Zhejiang province, a major production and trade centre for man-made fibres and textiles totalled US$6.8 billion during August, a year-on-year increase of 7.94%.
Despite the volumes coming to market remaining modest, an appreciation of the rand against the US dollar contributed to a fall in auction prices this week. The Cape Wool Merino Indicator dropped by 2.1%, to R109.63 rand cents per kilo, clean. In US dollar terms, the Indicator fell by only 0.6%, to 1,117 US cents per kilo.
News19 Sept 2013Mixed influences were evident on prices at this week’s North Island sale. Overall, strength in the local currency was a negative factor for the domestic market. However, a limited supply of wool, particularly in the coarser styles, was decisive in pushing prices modestly higher. Wool Services International’s Coarse Crossbred Indicator rose by close to 1.0%, to 515 NZ cents per kilo, clean. In US dollar terms, the increase was still stronger, at over 4.0%, to 432 US cents per kilo. A total of 7,900 bales were offered, with a clearance rate of 97% recorded.
News19 Sept 2013A volatile week of trading was reported by Australian exporters, both in terms of business volumes and in terms of prices, with exchange rate fluctuations proving the principal market dynamic. Little fresh buying interest was discernible early in the week, but a round of covering by Chinese buyers was discernible on Wednesday evening, after that day’s auction and ahead of the US Federal Reserve’s announcement that it would maintain its programme of quantitative easing.
Ahlstrom’s board of directors has approved an update to the company’s long-term financial targets to 2020. The company wants to achieve at least 5% underlying annual growth in net sales and at least 20% of net sales should come from new products. Operating profit is targeted at 7% of net sales by 2016 and 10% of net sales beyond 2016. With the current balance sheet structure, this implies a return on capital employed of approximately 13% and 15% respectively.
Profile19 Sept 2013American Engineered Fabrics (AEF), of New Bedford, Massachusetts, originally started out as a wool trading and blending company, but now it manufacturers the Green Geotextiles brand, a proprietary and eco-friendly nonwoven fabric made from 100% post-consumer polyester.
Spinning mills are forced to replace rings when the performance of the spinning frames in terms of yarn breakages in a given period of time and the total number of imperfections (neps, thick points, thin points, hairiness) exceed the standards that the spinning mill has set as its objective.
News18 Sept 2013Toho Tenax Europe GmbH, the German subsidiary of Toho Tenax, has received the 2013 AVK Innovation Award in the category of Innovative Products for its newly developed high-efficiency production technology for thermoset carbon fibre-reinforced plastic (CFRP).
Kyocera will next week open a new inkjet print-head design centre at the company’s European headquarters in Esslingen, Germany. The centre will provide technical support in the optimisation of customers’ printing systems that use Kyocera heads.
