Business
SNC Kherib, Algeria, orders complete spunlace line from ANDRITZ
SNC Kherib et Cie. has awarded ANDRITZ an order to supply a complete spunlace line for its plant located in Bejaia City, Algeria. The start-up is scheduled for the end of Q3 2026.
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New alliance for high-performance drive technology
The Lenze Group, international specialist for drive technology and automation solutions, and Sonepar in Germany, leading electrical wholesaler, have entered into a sales partnership with a focus on innovation and market penetration. Since 1 July 2025, Sonepar has been an official "Lenze Performance Partner Distribution" - with the aim of bringing innovative drive solutions to industry faster and more comprehensively.
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matterr welcomes BESTSELLER as new investor to scale polyester recycling
matterr, the German cleantech company pioneering polyester recycling, announces a strategic partnership with family-owned international fashion group BESTSELLER. The investment, made through BESTSELLER’s innovation and investment platform Invest FWD, follows a major EU commitment of 30 million euros in public support through the EFRE/JTF program in North Rhine-Westphalia. Together, these milestones lay the foundation for matterr’s first small-scale industrial plant and the subsequent international scale-up of its technology.
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Expanding horizons through partnership
TEXTILCOLOR AG and Chemdyes Sdn. Bhd. join forces in Asia and announce the beginning of a strategic and forward-looking partnership between TEXTILCOLOR AG, Switzerland, and Chemdyes Sdn. Bhd., Malaysia.
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Rieter demonstrates resilience in the challenging first half of 2025
In the first half of 2025, Rieter recorded an order intake of CHF 355.4 million (first half of 2024: CHF 403.4 million). This corresponds to a decline of around 12% compared to the same period last year. The expected broader market recovery has led to shifts in investment decisions on the part of customers due to the global trade disputes (particularly US punitive tariffs) and the geopolitical uncertainty.
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TEXTILCOLOR AG acquires SCHOELLER TECHNOLOGIES AG
TEXTILCOLOR AG, a leading provider of innovative textile chemicals, today announces the acquisition of Sevelen-based Schoeller Technologies AG from Schoeller Textil AG. With this strategically important step, TEXTILCOLOR strengthens its position in the international market, expands its technology portfolio and creates new development capacities for future-oriented textile and chemical solutions.
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Lenzing AG places new hybrid bond of EUR 500 million
The Lenzing Group, a leading global supplier of regenerated cellulose fibers for the textile and nonwovens industries, has successfully placed a new hybrid bond with a volume of EUR 500 mn. The bond, which has a non-call period of three years, was offered to both existing investors of the hybrid bond issued in December 2020 and new investors.
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Business
Culp reports FY2025 results and completes restructuring to support future growth
Culp, Inc. (NYSE: CULP), a leading supplier of fabrics for bedding and upholstered furniture, has reported its financial results for the fourth quarter and full fiscal year ended April 27, 2025. Despite continued macroeconomic and tariff-related challenges, the company completed its restructuring plan and entered fiscal 2026 with a leaner, more efficient operating model.
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Spinnova updates its strategy
Spinnova announced on 28 February 2025 that it started to review its strategy, post Suzano’s announcement that the company decided not to continue to invest into the next steps of collaboration with Spinnova.
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Lenzing AG successfully signs syndicated loan of EUR 545 million
The Lenzing Group, a leading global supplier of regenerated cellulose fibers for the textile and nonwovens industries, has agreed financing through a syndicated loan totalling EUR 545 mn. The loan consists of a term loan and a revolving facility, enhancing the company’s liquidity reserves in preparation for upcoming refinancing requirements. Commerzbank AG, Erste Group Bank AG, and Raiffeisen Bank International AG led the consortium as coordinators, mandated lead arrangers, and bookrunners, alongside BNP PARIBAS and UniCredit Bank Austria AG as mandated lead arrangers and bookrunners.
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2025 INDA Supply Report shows North American Nonwovens Industry’s continued growth with a focus on sustainability
The 12th annual North American Nonwovens Supply Report, released today by INDA, the Association of the Nonwoven Fabrics Industry, reveals continued growth and strategic transformation within the North American nonwovens industry.
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Lenzing achieves significant revenue and earnings growth within a deteriorating market environment
The Lenzing Group, a leading supplier of regenerated cellulosic fibers for the textile and nonwovens industries, reports a continued improvement in its business performance in the first quarter of 2025, although the recovery of global textile markets remained very slow and uneven during the reporting period. While the positive trend in volumes sold continued, prices remained constant at a low level. Raw material, energy and logistics costs continued to be high.
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Magnera reports Q2 results, adjusts full-year outlook
Specialty materials company Magnera (NYSE: MAGN) has reported its second quarter fiscal 2025 results, showing a significant increase in net sales driven by its recent merger with Glatfelter, while slightly lowering its full-year comparable adjusted EBITDA guidance.
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