Explore ideas, evidence and developments across the textile value chain.
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Shima Seiki will be exhibiting at the 11th Dhaka International Textile & Garment Machinery Exhibition (DTG 2014) in Dhaka, Bangladesh, in cooperation with its partner Pacific Associates Ltd.
HanesBrands saw net sales increase by 12% to $1.29bn in the third quarter compared with results for the equivalent quarter a year ago. The acquisition of Maidenform Brands Inc contributed nine percentage points of sales growth in the quarter, while strong results for the remainder of the company contributed three percentage points of growth. For the full year, net sales increased by 2% to $4.63bn.
Shima Seiki is to exhibit at the 74th Pitti Immagine Filati exhibition in Florence, Italy. It will participate in the KnitClub section of the exhibition which is aimed at appealing to the technical and creative interests of visitors and to stimulate advanced integration of the production chain.
India’s luxury apparel market is worth $370m and growing. Knitwear accounts for a significant proportion of it, however, Indian companies are struggling to match design and manufacturing expertise, making the country dependent on imports, an opportunity for those countries operating at the high end of the market.
Profile14 Jan 2014The Santoni Company has paid homage to CEO Tiberio Lonati, who died in December. The first thing that struck anybody who met or knew Tiberio Lonati was his charismatic charm combined with a natural humility and his spontaneously warm friendliness. He always remained faithful to his father’s golden rule of being “humble in learning and proud in working”.
Suominen and Ahlstrom have entered into an agreement concerning the sale of the entire stock of the Brazilian Ahlstrom Fabricação de Não-Tecidos Ltd to Suominen. Formerly, the unit was part of Ahlstrom’s Home and Personal business area. The enterprise value of the transaction is €17.5m and Suominen aims to finance the deal through a convertible hybrid bond, which will be treated as equity.
TenCate Advanced Composites has signed a cooperative marketing and development agreement with Leadgo Advanced Materials in Shanghai, China. The purpose of this agreement is to further support the advanced composites market for the growing Chinese aerospace industry.
Technical9 Jan 2014A new method of producing textile reinforcements for composites is being developed by young researchers at the Institute of Textile Machinery and High Performance Material Technology at the Technical University of Dresden.
While labour unrest persisted in rapidly growing knitwear manufacturing countries such as Bangladesh in 2013, and China continues to dominate in both fabric and knitted apparel manufacture, the industry is consolidating further afield in countries such as Vietnam, Cambodia, India and Indonesia.
