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News3 Feb 2014Subdued economy constrains Grasim’s performance
Grasim Industries Limited, an Aditya Birla Group company, has revealed that its revenue during the quarter ended December 31, 2013, grew by 5% to Rs. 7120 crore ($1.13 billion), up from the Rs. 6779 crore ($1.08 billion) in the corresponding period of 2012.
News3 Feb 2014China’s viscose staple fibre exports slump during 2013
According to China Customs, viscose staple fibre (VSF) exports rebounded strongly in December from a low the previous month. However, cumulative exports during the whole of 2013, at 175,531 tonnes, were down by no less than 24.62% from a year earlier. This compares with growth in VSF exports during 2012 and 2011 of 43.18% and 63.45%, respectively.
News3 Feb 2014Shanghai flexes financial muscle
Shanghai outspends New York in the luxury product stakes.
News3 Feb 2014IVL and Toyobo to acquire PHP Fibers
Indorama Ventures Public (IVL) and Toyobo have signed a sale and purchase agreement with the intention to acquire the shares of PHP Fibers GmbH, Germany, and all subsidiaries controlled by the company.
News3 Feb 2014Management movement at Teijin
Teijin Limited’s board of directors has elected Jun Suzuki, currently an executive officer and member of the board, as its next president and chief executive officer (CEO).
News3 Feb 2014Century Enka CPU-Polyester unit shutdown to continue
Century Enka Ltd, an Indian manufacturer of synthetic filament yarn, fibres and fabrics, has informed the Bombay Stock Exchange that its Continuous Polymerisation Unit - Polyester (CPU-Polyester) at its Bharuch Site, which was stopped on November 12, 2013, for preventive maintenance, will remain closed for an extended period.
News3 Feb 2014All Saints outlaws angora
Premium fashion chain All Saints has removed all products containing angora from its stores and will ban the fibre from future collections.
News3 Feb 2014Oerlikon to showcase carbon fibre winder in Paris
Oerlikon Barmag, the Swiss textile machinery specialist, has developed a winder - WinTrax - designed for manufacturing carbon fibres.
Profile3 Feb 2014Profile: PT Hakatex
Indonesian manufacturer PT Hakatex, specialises in printing and dyeing on natural fibres such as cotton and linen.
Smart clothes for hip fractures to have business potential
Intelligent clothing that can protect elderly people from hip fractures due to falls has been identified as having excellent business potential.
Wool Market Report - 3rd February 2014
A comprehensive weekly round-up and analysis of price developments at the major wool auctions around the world.
Aussie growers encouraged to share best practice
Australian woolgrowers are being encouraged to share information by Bestprac, Australian Wool Innovation's (AWI) extension network for pastoral wool producers.
News31 Jan 2014Fibre segment helps boost Eastman Q4 sales
Eastman Chemical Company saw its sales revenue for the fourth quarter of 2013 increase by 4% to $2.3 billion, compared to $2.2 billion in the same period the year before, buoyed by a growth in the firm’s fibre, advanced materials and additives & functional products, segments.
News31 Jan 2014Alexium enters iTextiles distribution agreement
Alexium has entered into a sales and distribution agreement for its chemicals with iTextiles, a regional distributor of premium textile products and brand chemical intermediates in Pakistan.
News31 Jan 2014Hydroelectricity to power Aquafil’s Croatian plant
Aquafil, a global producer of polyamide 6, has stated that 100% of the energy used in its Croatian plant, AquafilCRO, will be renewably sourced within two years.
Insight31 Jan 2014WTiN Outlook: Downturn in China’s polyester filament prices may not be reversed in the coming months
China’s polyester filament yarn market displayed a weak appearance during much of 2013. During the course of last year, quotations for FDY 50D/24F and FDY 50D/48F, two high volume types of filament in Shengze, eastern China, a major polyester textile production and trading hub, decreased by 10% and 6%, respectively.
Review31 Jan 2014New look for CFW at Surfaces 2014
The Campaign for Wool (CFW) opted for a new look at Surfaces in Las Vegas, focusing on its Green Sheep branding and OneWool platform.
Technical31 Jan 2014Silver Nanoparticles Get the Green Light
Two independent German studies conclude that silver nanoparticle enhanced fibres and textiles are safe for humans and the environment.
Insight31 Jan 2014Improving the Environmental Potential of Textiles
Improving the supply chain of textiles and encouraging practices which produce less environmental impacts, such as the recycling of effluent water, are areas where the industry can make substantial inroads, a new report has suggested.
Insight31 Jan 2014WTiN Outlook: Technical picture points to strong support for New York cotton futures in the months ahead
This week provided confirmation of the strong buying support underlying the New York futures market just a couple of cents below its current levels. The large volume of ‘on call’ purchases by mills for which prices still need to be 'fixed' against New York futures continues to provide buying support. A mill ‘fixation’ order involves the buying back of a ‘short’ position in New York, which decides how much a mill will pay for a bale of cotton. Being ‘short’ New York futures ahead of a huge inverse between the old and new crop months is becoming an increasingly uncomfortable position to be in. Any ‘short’ holder carrying that position beyond July could incur substantial losses. As a consequence, the timeframe left for mills to ‘fix’ is narrowing.
News31 Jan 2014Cotton market not immune to investors' concern over emerging economies
New York cotton futures collapsed at the beginning of this week, dropping by close to the daily limit of 3 cents per lb in the front months. The sell off involved mainly speculators liquidating ‘long’ position on technical signals and may be viewed in the wider context of a switch among the investment community to a more risk averse stance, amid concern over the impact on emerging economies of the US Federal Reserve’s tapering of its bond buying programme. Financial markets in general have been hit by capital flight out of emerging markets.
LIFT to install GERBERcutter at Composite Prototyping Centre
The Long Island Forum for Technology (LIFT) is to install a GERBERcutter and laser ply layup system from Gerber Technology and its subsidiary, Virtek Vision, in its new Composite Prototyping Centre (CPC).
