textiles association organization news

28th Apr 2023

Lear Corporation has reported 12 per cent YoY increase in sales to $5.8 billion in Q1 FY23. Adjusted EPS increased 54 per cent YoY to $2.78, while net income was $144 million. For FY23, the company anticipates net sales ranging between $21.2 billion and $22.2billion, with an expected core operating earnings of $875 million to $1.075 billion.

28th Apr 2023

Researchers from universities around the world have developed a new metallic coating treatment for clothing or wearable textiles that can self-repair, repel bacteria, and monitor heart signals. The conductive circuits created by liquid metal particles can transform wearable electronics and open doors for further development of human-machine interfaces.

28th Apr 2023

Sweden-based hygiene and health company Essity has announced that it will begin a strategic review of its ownership of Asian hygiene firm Vinda International Holdings Ltd and the Consumer Tissue Private Label Europe business. The aim is to reduce Consumer Tissue’s share of the company's total sales, although no decisions have been made yet.

28th Apr 2023

Ahlstrom Eco's use of lignin-based impregnation in their filter media could have a significant impact on automotive industry's sustainability efforts. Lignin is a polymer found in plants that is typically considered a waste in papermaking processes. It will replace a non-renewable and environmentally harmful material with a bio-based, renewable one.

27th Apr 2023

Austrian technology group Andritz has reported a 28.5 per cent increase in revenue to €1,962.6 million for Q1 FY23 compared to Q1 FY22. The company's order intake fell 6.5 per cent YoY to €2,420.2 million, with the exception of its metals business area, which saw growth. Despite the decline in orders, Andritz's order backlog rose to €10,407.8 million.

27th Apr 2023

Finnish company Valmet reported a 17 per cent YoY increase in orders received to €1,552 million in Q1 FY23, with net sales increasing by 38 per cent YoY to €1,321 million. The order backlog at the end of the reporting period amounted to €4,595 million. The company estimates net sales and comparable EBITA to increase in FY23 compared to FY22.

26th Apr 2023

Andritz has received an order from Predo Health Products to deliver two high-speed hygiene converting lines for producing adult open diapers and feminine sanitary napkins. The lines will be installed in Predo's factory in Gaziantep and start-up is scheduled for the first half of 2024. Predo already operates four baby diaper lines from Andritz.

26th Apr 2023

American firm Hexcel Corporation reported Q1 FY23 sales of $457.7 million, up 17.2 per cent YoY, driven by commercial aerospace sales, which grew by 30 per cent to reach $284.5 million. The company's adjusted operating income increased to $63 million or 13.8 per cent of sales, compared to $31.1 million, or 8 per cent of sales in Q1 FY22.

26th Apr 2023

Kimberly-Clark has posted a 2 per cent YoY growth in sales to $5.2 billion in Q1 FY23. Organic sales rose 5 per cent YoY, with North American sales up 5 per cent YoY. The company's personal care segment reported sales of $2.7 billion, while the consumer tissue segment reported sales of $1.6 billion. Net sales are expected to grow by 0-2 per cent in...