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Fibres & fabrics

Michelle Russell

Global cotton prices to remain range-bound

24 June 2015 | Michelle Russell

Global cotton prices are likely to remain range-bound, or negligible, during the 2016 cotton year, even if domestic production declines by 10-15%, a new report has suggested.... read more

Hermes secures sourcing supply with Tanneries du Puy buy

4 December 2015 | Michelle Russell

Hermès Cuirs Précieux, the tanning unit of French luxury goods group Hermès International, has acquired long-standing partner and calf leather supplier Tanneries du Puy.... read more

Lenzing recommends Obendrauf as CFO

2 December 2015 | Michelle Russell

Austrian cellulosic fibre producer Lenzing has named Thomas Obendrauf as its recommended finance chief to replace the departing Thomas Riegler.... read more

Lenzing more than doubles Q1 earnings

19 May 2015 | Michelle Russell

Austrian cellulosic fibre producer Lenzing more than doubled earnings in its first-quarter thanks to a marketing drive for speciality fibres and the benefits of its cost cutting programme.... read more

Lenzing reports higher H1 sales and earnings

25 August 2015 | Michelle Russell

Lenzing has booked higher first-half earnings and sales but warned on the economic situation in China and exchange rate fluctuations for the remainder of the year.... read more

Unifi sees performance improvements in Q1

22 October 2015 | Michelle Russell

US yarn manufacturer Unifi said it is continuing to see improvements in the performance of its premier value-added products as it revealed an increase in first-quarter earnings.... read more

Cotton stocks outside China to keep prices low

5 May 2015 | Michelle Russell

Excess cotton stocks held outside China are likely to keep international cotton prices down in 2015/16, says the International Cotton Advisory Committee (ICAC).... read more

Egypt to invest $1.3bn to modernise textile sector

30 August 2018 | Michelle Russell

The Egyptian Government has set out plans to invest around EGP24bn (US$1.34bn) in modernising the state-owned textile sector.... read more

Unifi delivers mixed Q1 as raw material costs weigh

31 October 2018 | Michelle Russell

US yarn manufacturer Unifi has delivered its sixth consecutive quarter of sales growth in its first-quarter but saw earnings slump, weighed down by raw material costs.... read more

Coats continues positive start to year

2 August 2018 | Michelle Russell

Industrial thread maker Coats has continued its positive start to the year with growth in both earnings and sales in the first half, driven by a strong performance from apparel and footwear thread.... read more

US places preliminary anti-dumping duties on PTFE resin

8 May 2018 | Michelle Russell

The US Department of Commerce has placed preliminary duties on imports of polytetrafluoroethylene (PTFE) resin from China and India as it begins an anti-dumping investigation.... read more

Italian yarn maker Aquafil to list amid merger

31 July 2017 | Michelle Russell

Italian yarn maker Aquafil is to merge with asset management firm Space3, and plans to list on the Borsa Italiana stock exchange.... read more

WORLD: Cotton consumption forecast increases 5%

4 August 2014 | Michelle Russell

Global consumption of cotton is expected to increase for the end of the 2014/15 crop year as its price converges with that of polyester.... read more

Frontier Spinning to invest $6m in US yarn plant

9 May 2017 | Michelle Russell

Frontier Spinning Mills, the second-largest yarn spinner in the western hemisphere, is investing US$6m to add new, state-of-the-art fibre preparation and open-end spinning equipment at its plant in Elmore County, Alabama.... read more

Coats Q1 sales climb on core apparel business

17 May 2017 | Michelle Russell

Industrial thread maker Coats has booked higher sales in its first quarter, helped by a stronger than anticipated performance in the company's industrial division.... read more

Lenzing swings to profit amid "volatile" fibre market

24 March 2016 | Michelle Russell

Austrian cellulosic fibre producer Lenzing saw substantial progress in 2015 as it swung to a profit and booked higher sales, but warned of ongoing volatility in the global fibre market.... read more

Lenzing eyes expansion as Q1 profit soars

13 May 2016 | Michelle Russell

Lenzing has offered a confident outlook for the year ahead and says it is looking to expand capacity globally as the Austrian cellulosic fibre producer revealed a substantial increase in first-quarter earnings – its best since 2012.... read more

Lenzing strategy boosts "significantly improved" H1

26 August 2016 | Michelle Russell

Austrian cellulosic fibre producer Lenzing has offered an optimistic outlook as it revealed "significantly improved" first-half earnings and sales thanks to the disciplined implementation of its new group strategy. ... read more

Unifi shrugs off US weakness in Q2

26 January 2017 | Michelle Russell

US yarn manufacturer Unifi has booked what it says was a strong second-quarter boosted by the performance of its Brazil and Asia operations, which offset weaker conditions in its domestic market.... read more

Coats moves to FY profit as restructuring pays off

24 February 2017 | Michelle Russell

Industrial thread maker Coats has delivered what it says was a strong performance last year as it moved to a profit thanks to a substantial decline in one-off charges and a restructuring of its craft and textiles business a year earlier.... read more

India's Vardhman acquired by thread major A&E

10 May 2016 | Michelle Russell

India's Vardhman Yarns and Threads has been acquired by industrial sewing and embroidery thread major American & Efird (A&E) in a deal that will accelerate A&E's global growth and diversification.... read more

SPAIN: La Seda Barcelona files for liquidation

8 January 2014 | Michelle Russell

Spanish polyester fibre producer La Seda de Barcelona has filed for liquidation six months after filing for insolvency.... read more

AUSTRALIA: Ermenegildo Zenga acquires Australian wool farm

10 July 2014 | Michelle Russell

Luxury men's wear company Ermenegildo Zenga Group has acquired an Australian wool farm, a move which consolidates its verticalisation strategy. ... read more

AUSTRALIA: Namoi Cotton buys out partner in ginning company

4 June 2014 | Michelle Russell

Namoi Cotton Co-operative has acquired the remaining 50% interest in the Australian Cotton Ginning Company (ACGC) for an undisclosed sum.... read more

SOUTH AFRICA: 3,000 cotton sector workers begin strike

25 July 2014 | Michelle Russell

Around 3,000 cotton sector employees have downed tools after the Southern African Clothing & Textile Workers' Union (SACTWU) issued a strike notice earlier this week over wages.... read more

SWITZERLAND: Archroma takes stake in textile dye firm M Dohmen

23 May 2014 | Michelle Russell

Speciality chemicals company Archroma has acquired a 49% stake in M Dohmen, an international group specialising in the production of textile dyes and chemicals for industry sectors including apparel.... read more

INDIA: Textile Q3 earnings fall at Century

30 January 2014 | Michelle Russell

Indian manufacturer Century Textiles saw earnings in its textile division fall in the third quarter, hurt by a decline in sales.... read more

Premier yarn demand boosts Unifi FY

23 July 2015 | Michelle Russell

Yarn manufacturer Unifi booked a strong performance for its full-year thanks to increased demand for its premier value-added yarns, and strong results from its international businesses.... read more

Global cotton futures contract nears launch

18 June 2015 | Michelle Russell

IntercontinentalExchange's (ICE) long-awaited global cotton futures contract moved a step closer to being ratified this week after the US House Agriculture Committee voted to remove one of the last hurdles to its launch.... read more

Unifi reveals lower Q2 profit on currency woes

21 January 2016 | Michelle Russell

US yarn manufacturer Unifi has booked lower earnings and sales in the second quarter, hurt by lower earnings from Parkdale America and the devaluation of the Brazilian Real.... read more

Silica fabric firm welcomes China anti-dumping probe

11 March 2016 | Michelle Russell

Auburn Manufacturing has welcomed a decision by the International Trade Commission (ITC) to continue an investigation into the alleged subsidising and dumping of certain amorphous silica fabric (ASF) in the US from China. ... read more

Unifi books strong Q3 on Asia and Brazil growth

28 October 2016 | Michelle Russell

US yarn manufacturer Unifi has booked a strong third-quarter thanks to the performance of its Brazil and Asia operations, which offset weaker conditions in its domestic business.... read more

Huntsman positive despite mixed Q2 results

28 July 2016 | Michelle Russell

Chemicals manufacturer Huntsman Corporation has booked mixed results in its second-quarter as earnings soared but revenues fell on lower sales in all of its divisions.... read more

EU and US dispute China raw materials duties

20 July 2016 | Michelle Russell

The European Union (EU) and US are taking legal action against China over export restrictions it has placed on raw materials that could have implications for the garment and textile industry. ... read more

Volatile cotton prices weigh on Weiqiao Textile H1

23 August 2016 | Michelle Russell

Weakened domestic and overseas demand for textile products and volatile cotton price fluctuations weighed on results for Weiqiao Textile Company in the first half of the year. ... read more