textile machinery news

20th Nov 2024

Autoneum has agreed to acquire 70 per cent of Jiangsu Huanyu Group, a leading automotive supplier in China, expanding its customer base with major manufacturers like BYD and BAIC. The acquisition will enhance Autoneum's position in China’s growing market. The deal will strengthen Autoneum’s presence in both light and commercial vehicle sectors.

20th Nov 2024

Amcor and Berry have announced a merger agreement, combining their businesses in an all-stock transaction. Berry shareholders will receive 7.25 Amcor shares for each Berry share, with the combined company valuing Berry’s stock at $73.59 per share. The merger will create a leader in consumer packaging, enhancing innovation, sustainability, and...

15th Nov 2024

The Honest Company has generated a revenue of $99 million in Q3 2024, up 15 per cent YoY, and net income of $165,000. Gross margin improved to 38.7 per cent due to cost efficiencies. Adjusted EBITDA was $7 million, marking four consecutive quarters of positive results. Nine-month revenue reached $278.5 million, driven by improved cost management...

14th Nov 2024

SDL Atlas has acquired Mullen Testers, the manufacturer of the Mullen Burst Tester, a key instrument for measuring burst strength in paper, textiles, and nonwovens. This acquisition enhances SDL Atlas' testing capabilities and expands its product range for composite webs, foils, plastics, and packaging materials. Mullen Testers will operate as a...

14th Nov 2024

4M Carbon Fiber has launched a $4.5 million, 50-ton-per-year plasma oxidation qualification line. The project showcases its patented technology, which triples throughput, cuts energy usage by 75 per cent, and reduces costs. This milestone supports extensive qualification projects and partnerships. The aim is to make carbon fibre production more...

13th Nov 2024

Web Industries will showcase its nonwoven materials solutions for medical, personal care, and home care markets at Hygienix 2024, held November 18-21 in Nashville. The company will highlight its slitting, spooling, printing, and modular converting capabilities, offering precision converting for flexible packaging, films, and medical-grade materials.

13th Nov 2024

Valmet has expanded its IQ Quality Control System by launching four new measurements for raw material components, colour, and ash content. These innovations help optimise resource usage, reduce carbon footprints, and improve product quality. The new measurements include IQ Transmission Spectrum, IQ Reflection Spectrum, IQ Color, and IQ Total X-ray.

13th Nov 2024

Suominen Corporation has reported Q3 2024 net sales of €111.6 million (~$120.53 million), up from €106.4 million YoY. The company suffered a net loss of €3.2 million (~$3.4 million) due to operational challenges. YTD sales reached €343.8 million (~$370.9 million), and the company expects a full-year EBITDA increase. Sustainability efforts earned...

13th Nov 2024

India's Textile Minister approved 12 new research projects worth ₹13.3 crore ($0.16 million) under the National Technical Textiles Mission. The projects focus on areas like geotextiles, smart textiles, and composites, led by institutions like IITs and CRRI. Total funding under the Mission now stands at ₹509 crore ($6.11 million). IPR guidelines...