retail sector news

4th Sep 2023

Albany International has finalised its purchase of Heimbach Group for €132 million in cash, along with an assumed net debt of €22 million. Based in Duren, Germany, Heimbach supplies paper machine clothing and high-tech textiles to various industries. Daniel Halftermeyer highlighted the potential for increased value for shareholders and customers.

3rd Sep 2023

Teijin Limited is selling its Japanese subsidiary GH Craft to TIP Composite, aiming to focus on its North American operations. Acquired in 2008, GH Craft has been crucial in composite material design for aerospace, automotive, and railway sectors. Teijin, facing profit shortfalls due to various factors, is reallocating resources to North America.

1st Sep 2023

Andritz will install its Metris All-In-One digitalisation platform for Lotus Teknik Tekstil's new Wetlace CP nonwovens production line. The integration, to be completed by September, aims to optimise efficiency, quality, and cost-effectiveness. Metris combines AI-driven production management, simulation, cybersecurity, condition monitoring to...

31st Aug 2023

India's technical textile startups are buoyed by the new GREAT initiative. Industry experts believe that the scheme will fast-track growth and attract new entrepreneurs, meeting a longstanding demand for financial support in this sector. The ministry of textiles has also approved 26 engineering schools to introduce technical textile courses.

31st Aug 2023

Toray Industries, Nitto Seimo, and Maruha Nichiro Corporation's subsidiary Taiyo A&F are expanding their recycling programme aimed at resolving marine plastic pollution. The programme, initiated last November, involves recycling materials from fishing nets into new ones. The companies are now extending the programme to include used nylon fishing...

31st Aug 2023

Ahlstrom is set to divest its Stenay plant in France to Accursia Capital after receiving approval from employee representatives. The transaction, expected to be finalised by September end, is in line with Accursia Capital's strategy to develop the Stenay plant and ensure its sustained future, thus safeguarding jobs and enhancing the paper-based...

31st Aug 2023

Cionic's innovative bionic clothing, the Cionic Neural Sleeve, has received multiple awards at the 2023 International Design Excellence Awards (IDEA) by the Industrial Designers Society of America. The Neural Sleeve, designed in partnership with fuseproject, earned a gold award for Digital Interaction and a silver award for design in the medical and...

31st Aug 2023

Matic will display its latest innovations at the Advanced Textiles Expo from November 1 to 3 in Orlando. Matic's cutting-edge machinery and technologies for sun protection textiles, including cutting, welding, sewing, and packaging solutions, will be showcased. The expo will offer attendees the chance to experience these innovations firsthand.

31st Aug 2023

Tyndale Enterprises, a leading provider of arc-rated, flame-resistant (AR/FR) clothing, has successfully launched in the Canadian market to provide protective clothing programmes with a wide selection of AR/FR clothing for men and women. Tyndale's expertise in the field and commitment to quality underpins its expansion into the Canadian market.