textiles technology organization news

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.

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.

10th Feb 2023

Berry Corporation, a leading global packaging, consumer goods and engineered materials company, has reported net sales of $3,060 million, a decline of 14 per cent YoY, in Q1 FY23. The decline in sales was mainly due to 6 per cent volume decline, decreased selling prices of 4 per cent and a 3 per cent unfavourable impact from foreign currency changes.

10th Feb 2023

Indian government has set up the National Technical Textiles Mission (NTTM) for a period of 4 years (2020-21 to 2023-24) with an outlay of ₹1,480 crore to boost technical textiles sector in the country. The Mission aims to achieve an average growth rate of 15-20 per cent per annum taking the level of domestic market size to $40-50 billion by the year...

9th Feb 2023

Finland’s Ahlstrom has launched the heating, ventilation, and air conditioning (HVAC) filter media portfolio from its production machine in Turin (Italy), supporting customers in their ambition to offer best performing and premium quality filters to the most demanding end-uses. Ahlstrom is a leader in combining fibres into sustainable specialty...