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14th Aug 2023

Thailand-based company Indorama Ventures reported a revenue of $4 billion in Q2 FY23, down 1 per cent QoQ and 27 per cent YoY, and EBITDA was $321 million, up 7 per cent QoQ but down 68 per cent YoY. The company’s fibres division saw a 37 per cent QoQ decline. IVL also signed an MOU with Carbios for the world's first PET bio-recycling plant in...

11th Aug 2023

SDL Atlas has launched an upgraded AirPerm Air Permeability Tester, featuring specific test heads for Personal Protection Equipment assessment, including Face Mask Testing and Foam Testing. With a global presence and expertise, SDL Atlas ensures reliable and affordable air permeability testing adhering to international standards for textiles,...

10th Aug 2023

Toray Industries reported Q1 FY24 revenue of 578.1 billion yen, down 4.6 per cent YoY. Core operating income fell 19.2 per cent, and profit dropped to 13.9 billion yen. The fibres and textiles segment saw a 25.8 per cent income rise, while the carbon fibre segment rose 13.8 per cent. Assets grew to 3,347.4 billion yen, up 153.3 billion yen from...

10th Aug 2023

Japanese company Teijin Limited's Q1 FY23 net sales rose slightly by 0.4 per cent to 244.8 billion yen, but operating income fell sharply to 4.2 billion yen. The fibres and products segment grew, with operating income up 77 per cent, while the materials segment struggled, impacted by a previous plant fire and slow recovery of the Chinese economy.

10th Aug 2023

Nufabrx and Enventys Partners have announced that they have teamed up to introduce HealthWear, a groundbreaking platform technology that integrates medicine, wellness, and health benefits into clothing. Nufabrx's patented smart-textile platform embeds active ingredients into garments, delivering therapeutic doses through body heat or moisture.

9th Aug 2023

Suominen Corporation reported H1 FY23 net sales of €229.5 million, nearly unchanged from €228.3 million in H1 FY22. The Americas saw an increase to €144.8 million, while Europe fell to €84.7 million. Comparable EBITDA increased slightly to €5.3 million. Q2 FY23 net sales decreased by 4.5 per cent, while cash flow from operations fell to €6.4...

9th Aug 2023

Newtex Industries has successfully acquired Gentex Corp's industrial textile division, encompassing renowned brands Dual-Mirror and FlexIR. This enhances Newtex's product lineup, particularly in radiant heat shielding. CEO Jerry Joliet emphasises the commitment to safety and the expansion's benefits for industrial and military high-temperature...

7th Aug 2023

Edgewell Personal Care's Q3 FY23 results show a 4.2 per cent growth in net sales at $650 million, and a gross profit of $279.7 million, a 16.3 per cent YoY rise. Operating income surged to $85.6 million. The company reported GAAP net earnings of $52.5 million or $1.01 per diluted share. Robust growth was seen across metrics despite minor currency ...

7th Aug 2023

In Q2 FY23, Glatfelter reported net sales of $357 million but a GAAP net loss of $36.6 million due to industry-wide market weakness and customer destocking. Airlaid materials' sales rose, and composite fibres' revenue also increased. Spunlace revenue decreased but EBITDA nearly doubled. The company lowered its full-year EBITDA forecast to...