Business

2017-04-04

Lectra expands range of FocusQuantum laser cutting solution

Lectra empowers airbag cushion suppliers with the flexibility to scale up their manufacturing footprint expanding the range of FocusQuantum® with upgradeable laser cutter for multi-ply airbag fabric.

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Business

2017-04-05

At the 126th annual general meeting of Rieter Holding Ltd., today 489 shareholders, who represent 64% of the share capital, participated. In light of the good financial position of the company and the solid result for 2016 a dividend of 5.00 CHF per share was approved. The shareholders approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for the fiscal year 2018.

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Business

2017-02-02

With effect from February 1, 2017, Reifenhäuser Maschinenfabrik and Dietze+Schell Maschinenfabrik consolidate their activities in the niche markets monofilaments, strapping tapes and artificial turf.

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Business

2017-02-01

The Rieter Group achieved an order intake of CHF 905.2 million in the 2016 financial year. This represents an increase of 13% compared to the previous year (CHF +103.6 million). Sales amounted to CHF 945.0 million (2015: CHF 1 036.8 million) and as expected were 9% down on the previous year.

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Business

2016-12-09

Huntsman Textile Effects announced that it has entered into a partnership and collaboration agreement with Viyellatex Group. This agreement reinforces the recognition of Huntsman as a preferred supplier of Viyellatex Group. Under this agreement, Huntsman will support Viyellatex’s mills to streamline operations and optimize processes, train technical staff, and make recommendations to help improve yield and productivity.

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Business

2016-11-30

Specialties still in demand despite the weak market in China

Oerlikon Barmag Huitong Engineering to deliver a polycondensation system to well-known Chinese filament yarn manufacturer.

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Business

2016-11-22

Airbag yarns on the rise

According to estimates from Business Wire, the demand for airbags will increase by 5 percent annually over the next five years. To date, airbags have been predominantly manufactured using polyamide 6.6 yarns. However, there is a noticeable trend with these challenging industrial filament yarns towards polyester.

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Business

2016-11-16

Textile machinery: Foreign orders on the rise for third quarter 2016. Italy´s domestic markets slows down.

The orders index for textile machinery recorded an increase for the third quarter of 2016, thanks to positive sales figures abroad.

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Business

2016-11-03

Rieter’s investor update 2016

The amount of orders received by the Rieter Group in the first nine months of 2016 was significantly higher than for the same period of the previous year. Cumulative order intake amounted to CHF 718.4 million and was thus up by 22% on the said prior year period. Order intake in the third quarter totaled CHF 207.7 million owing to an investment reluctance in Turkey. The market environment in the third quarter was characterized by differing dynamics in the individual countries as well as with regard to the product categories.

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Business

2016-10-19

Mimaki annouces aquisition of Italy´s La Meccanica

MIMAKI EUROPE B.V. (President and Representative Director Koji Shimizu), a consolidated subsidiary of Mimaki, in accordance with the “Announcement on the Share Transfer Agreement Regarding the Stock Acquisition of Italy’s La Meccanica” disclosed on June 10, 2016, announces that on October 18, 2016 (local time), it acquired all stock shares for Italy’s “La Meccanica Costruzione Tessili-S.P.A.” and converted it to a subsidiary company.

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Business

2016-09-22

Even closer ties to the parent company in Mönchengladbach.

With effect from 20 September 2016, the former Montex Maschinenfabrik Ges.m.b.H in St. Stefan near Klagenfurt, Austria has been renamed „Montex Maschinenfabrik, Zweigniederlassung der A. Monforts Textilmaschinen GmbH & Co. KG, Deutschland“. The company had been an independent business since 1982, and with this change in the legal form is now becoming more closely associated with the long-established Mönchengladbach-based company, A. Monforts Textilmaschinen.

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Business

2016-09-15

Culture means progress: Bangladesh Denim Expo announces workshops for the development of local denim expertise in Bangladesh.

The relevance and strategic importance of Bangladesh for the textile sector has emerged as undeniable during the years. Located between South and Southeast Asia, it is a key gateway for global supply chains and production networks, with strong figures proving it to be the world’s second largest manufacturer of denim products.

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Business

2016-09-15

FTA with Vietnam set to boost European retailers

The EU’s free trade agreement with Vietnam will boost European growth and job creation in the retail sector, as well as the development of Vietnam, according to EU trade negotiators, experts and business leaders. Speaking at an event by the Mission of Vietnam to the EU and BusinessEurope on 14 September in Brussels, the chief negotiators and ambassadors from both sides were joined by leading EU trade association representatives in urging for the speedy ratification and entry into force of the agreement.

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