retail sector news

13th May 2024

Glatfelter reported a decrease in net sales to $327 million in Q1 FY24, alongside a net loss of $26.2 million. The company saw an improvement in profitability with an adjusted EBITDA of $23.8 million and a margin of 7.3 per cent. Sales declines were seen across all segments, with airlaid materials, composite fibres, and spunlace posting drops in...

10th May 2024

A.Celli has supplied key end-of-line equipment for Akinal Tekstil's SPL11, dedicated to producing 100 per cent cotton spunlace and composites. Including a STREAM winder and RAPID off-line slitter rewinder, this project marks their sixth collaboration in two years. Other JVs encompass various lines for wipes, diaper backsheet lamination, and...

10th May 2024

Zuiko Corporation completes the acquisition of 90 per cent of Delta Srl's quota, formalised at a board meeting on May 8, 2024. With plans for swift integration, Zuiko aims to enhance value for existing clients and target new ones. Delta, founded in 2022 in Italy, specialises in disposable sanitary products machinery, serving global markets.

10th May 2024

Mitsui Chemicals Asahi Life Materials has introduced a biodegradable spunbond nonwoven suitable for home composting, addressing global demand for eco-friendly solutions. The material decomposes in domestic composting environments, aiding environmental sustainability. The company plans production setup for various industrial applications by late...

9th May 2024

DITF and ARIS have developed a space-saving, durable greywater treatment system using 3D spacer fabric, aimed at maximising water reuse. The modular design adapts to various building structures and can even be integrated into densely populated urban areas. With low maintenance and long lifespan, it promotes sustainable water use and circular...

9th May 2024

IACMI and Michelman unveil a state-of-the-art fibre sizing line in Knoxville, TN, aiding composite manufacturing. This collaboration accelerates research-to-commercialisation, offering tailored fibre-matrix interfaces for enhanced composite properties. The sizing line, custom-built by Izumi International, enables customisation for various fibres...

9th May 2024

Suominen Corporation reported a slight drop in Q1 FY24 net sales to €113.6 million (~$121.9 million), a 3 per cent decline from last year. Despite this, EBITDA rose to €4.5 million from €2.6 million. Operating profit improved to €0.1 million, recovering from a €2.1 million loss. Sales varied across regions, with gains in EMEA and declines in the...

9th May 2024

Meisheng Group inaugurates its third Andritz needlepunch line in Shaoxing City, China, to meet the rising demand for synthetic suede, especially in the automotive sector, notably New Energy Vehicles (NEVs). Equipped with advanced ProWid technology, the line ensures optimal web weight regularity, enhancing quality while reducing material consumption.

9th May 2024

AmorSui expands its PPE line with lab coats, fire-resistant wear, and reusable isolation gowns, prioritising sustainability and inclusivity. Products feature adjustable fits and durable, recyclable materials. AmorSui's take-back programme and subscription service reduce PPE waste, offering long-term cost savings and environmental benefits.