Business

2021-12-16

Hong Kong export growth set to slow to 8% in 2022 - COVID-19 volatility and spiking logistics costs impact sentiment

The Hong Kong Trade Development Council (HKTDC) forecasts that Hong Kong exports will grow by 8% in value in 2022, down from the 25% expansion experienced in 2021. An uneven recovery, lingering threats from the COVID-19 pandemic, global supply chain disruptions and logistics bottlenecks, as well as rising concerns over inflation, are expected to restrain growth, HKTDC Director of Research Nicholas Kwan said.

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Business

2021-11-11

“adidas performed well in an environment characterized by severe challenges on both the supply and demand side,” said adidas CEO Kasper Rorsted. “As a consequence of successful product launches we are experiencing strong top-line momentum in all markets that operate without major disruption. Double-digit growth in our direct-to-consumer businesses in EMEA, North America and Latin America is a testament to the strong consumer demand for our products.

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Business

2021-11-04

The Lenzing Group reported a significant year-on-year improvement in revenue and earnings in the first nine months of 2021 thanks to the largely positive market environment. Growing optimism in the textile and apparel industry and the recovery in retail led to a substantial increase in demand and prices on the global fiber market, particularly at the start of the current financial year.

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Business

2021-10-13

With its Texpertise Network, Messe Frankfurt leads the world market in events for apparel fabrics, fashion, home textiles, technical textiles and textile processing. Now, there have been a number of personnel changes in the business unit, a division of Messe Frankfurt that includes the Frankfurt Fashion Week and is headed by Olaf Schmidt, Vice President Textiles & Textile Technologies.

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Business

2021-09-09

On September 8, 2021, the foundation stone was laid for the Rieter CAMPUS on the western part of the Rieter site at the Winterthur location, which includes a customer and technology center as well as an administration building. The Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and to the enhancement of the company’s technology leadership position. At the same time, the investment of around CHF 80 million is a commitment to the Winterthur site and to Switzerland as a business location.

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Business

2021-11-04

Toray to increase prices of automotive airbag yarn and fabrics

Toray Industries, Inc., is announcing the price increase of nylon 66 yarns and derivative fabrics, for automotive airbag application, by around 20% effectively starting from 1st December shipments.

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Business

2021-10-28

Ahlstrom-Munksjö Holding 3 Oy pre-announces its third quarter sales and comparable EBITDA

Ahlstrom-Munksjö Holding estimates that net sales were EUR 777 million for the third quarter in 2021, 19% higher compared to third quarter in 2020 (EUR 654 million1) and pro forma net sales for the nine months ended September 30, 2020 were EUR 2,258 million, 13% higher compared to the same period last year (EUR 1,994 million1).

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Business

2021-10-28

Unifi announces strong first quarter fiscal 2022 results and increases full year fiscal 2022 outlook

Unifi, Inc. (NYSE: UFI), one of the world’s leading innovators in recycled and synthetic yarns, today released operating results for the first fiscal quarter ended September 26, 2021.

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Business

2021-10-28

Autoneum adjusts outlook for the current financial year

Due to the significantly reduced market expectations for global light vehicle production, Autoneum lowers its revenue and earnings forecast for the full year 2021. This results from bottlenecks in the supply chain of vehicle manufacturers, in particular the ongoing shortage of semiconductors.

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Business

2021-10-14

Clearlake capital-backed Unifrax completes acquisition of Lydall

Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the completion of its previously announced acquisition of Lydall, Inc. (NYSE: LDL, “Lydall” or the “Company”), a leader in the design and production of specialty filtration materials and advanced material solutions. The combined company will be led by John Dandolph as President and Chief Executive Officer.

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Business

2021-08-26

Trützschler establishes the Trützschler Foundation

The Mönchengladbach-based family-owned Trützschler company has created a charitable foundation: the Trützschler Foundation. The Foundation’s main focus is on supporting children and young people with learning and education, sport and exercise, and science and research.

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Business

2021-08-26

AUTEFA Solutions supplies needle punching lines for Geotextile production to Confidence Infrastructure Ltd., Bangladesh

AUTEFA Solutions announces that it will supply two complete needle-punching Geotextile lines to Confidence Infrastructure Ltd., one of the leading Engineering solutions providers from Bangladesh. Using state?of?the art technology, Confidence Infrastructure Ltd., is able to adapt to the continually growing market requirements and to react promptly and flexibly to individual customer needs. A growing demand in the last years led to the decision to invest in a two new Geotextile production lines.

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Business

2021-08-26

KARL MAYER with new head office building

The KARL MAYER Group's corporate headquarters moved into a new, prestigious building on 23 August this year. The building with its ultra-modern architecture, together with a staff restaurant, forms the focal point of the new KARL MAYER Campus at the Obertshausen site. The building complex covers an area of 5,600 m². It is designed for 150 employees, invites people to exchange ideas and network, and stands for the further development of KARL MAYER.

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News Archive
2021-08-19

adidas to sell Reebok to Authentic Brands Group (ABG)

2021-08-18

Saurer sells Accotex, Temco and Autoconer businesses to Rieter

2021-08-17

Statement Picanol Group following press release Rieter Holding

2021-08-17

Rieter acquires three businesses from Saurer

2021-08-12

Strong second quarter with momentum for high earnings

2021-08-12

Levi Strauss & Co. to acquire activewear brand Beyond Yoga

2021-08-12

SGL Carbon delivers strong first half of 2021 – transformation program and improving order situation show first successes

2021-08-12

adidas increases full-year outlook as top-line momentum accelerates

2021-08-12

Profit warning: Suominen reduces its outlook for 2021

2021-08-05

Unifi announces robust fourth quarter and fiscal 2021 results

2021-08-05

HUGO BOSS strongly accelerates its business recovery – significant top- and bottom-line improvements in the second quarter

2021-08-05

HUGO BOSS presents new growth strategy ‘CLAIM 5’ aimed at doubling sales to EUR 4 Billion by 2025

2021-08-05

Earnings more than doubled in the first half of 2021

2021-08-05

VF reports first quarter fiscal 2022 results and raises full year fiscal 2022 outlook

2021-08-04

Second-quarter and half-year 2021 results

2021-07-29

Lydall announces significant growth across focused portfolio drives margin expansion

2021-07-29

Lenzing invests in state-of-the-art wastewater treatment at Grimsby site

2021-07-29

Lenzing raises outlook for current financial year

2021-07-15

Pablo Isla underscores “the strength of Inditex’s integrated, digital and sustainable model, thanks to the work and commitment of every employee”

2021-07-15

SGL Carbon SE publishes preliminary sales and earnings figures for the first half of the year and raises forecast for 2021

2021-07-08

Digital trader spotted in China–Middle East & North Africa International Trade Digital Expo

2021-07-07

Rieter updates outlook for first half year 2021

2021-07-01

EU backs Renewcell to boost circularity in the fashion industry

2021-07-01

adidas launches new share buyback program