fashion brand extension news

16th Feb 2023

Evonik has entered into an agreement with the German biotech company, AMSilk, to produce industrial quantities of innovative, sustainable silk proteins. The silk can be used in high-quality fashion, smart materials in automotives, and medical devices. Materials produced with the silk proteins balance optimal performance with minimal environmental...

16th Feb 2023

US-based INDA, the Association of the Nonwoven Fabrics Industry, has announced that registration and tabletop exhibit reservations are open for the 17th edition of the WOW International Conference. WOW 2023 will take place July 17-20 at the Atlanta Marriott Marquis in Atlanta, Georgia. Over 450 wipes professionals are expected to attend the event.

14th Feb 2023

India’s Garware Technical Fibres, a leading manufacturer of technical textiles, has reported a net sales growth of 12 per cent in the first nine months (9M) of fiscal 2023 (FY23) to ₹935.1 crore, compared to the same period last year. The profit before tax remained flat at ₹144.7 crore in 9M FY23 as compared to ₹145.1 crore in the same period of last...

13th Feb 2023

Avgol, a global leader in the manufacture of high-performance nonwoven fabric solutions, will use Filtech exhibition in Germany to showcase its latest developments in using Algaeing’s patented algae bio-based formulations for colourants and fibres. The Israel-based company will display in booth H6, at Cologne, Germany, from February 14-16, 2023.

13th Feb 2023

American multinational consumer products company Edgewell Personal Care has reported net sales of $469.1 million in the first quarter (Q1) of fiscal 2023 (FY23), a 1.3 per cent increase from the corresponding period of the previous year. The company’s organic net sales increased by 3 per cent year-on-year, with strong growth in the international market.

11th Feb 2023

The Science Based Targets initiative (SBTi) has approved Switzerland-based Autoneum’s science-based emissions reduction targets. The validation by the SBTi is an important milestone in Autoneum’s efforts to reduce its direct and indirect greenhouse gas (GHG) emissions along the entire value chain. Autoneum is the leader in acoustic and thermal...

10th Feb 2023

US Customs and Border Protection (CBP) has modified the Withhold Release Order (WRO) issued on January 28, 2022, against imports of synthetic disposable gloves manufactured by Malaysia’s YTY Industry Holdings Sdn Bhd (YTY Group). Effective immediately, the US will allow YTY Group shipments to enter the US if they are in compliance with US laws.

10th Feb 2023

Toray Industries has reported consolidated financial revenue of 1,901.8 billion yen, up 15.5 per cent year-on-year (YoY), for the first nine months (9M) of fiscal 2023 (FY23), ended December 31, 2022. However, core operating income fell 24.1% to 80.4 billion yen and profit attributable to owners of parent was down 16.5 per cent to 74.6 billion yen.

10th Feb 2023

Japan’s Asahi Kasei has announced that its board of directors has approved a final agreement regarding the transfer of business related to the development, manufacturer, and sale of spunbond nonwoven products to a joint venture company to be established by joint incorporation-type company separation with Mitsui Chemicals, effective from October 2, 2023.