textiles market trends news

12th Nov 2024

Ahlstrom's Q3 FY24 net sales rose 5.2 per cent to €742.7 million (~$788.8 million), driven by higher average selling prices. Comparable EBITDA reached €130.2 million (~$138.26 million), supported by cost efficiency and improved margins. Restructuring costs and energy hedge losses impacted reported EBITDA of €81.9 million (~$86.928 million).

12th Nov 2024

Mativ Holdings, Inc, has reported Q3 2024 sales of $498.5 million, up 0.1 per cent YoY, with adjusted income of $11 million and a gross profit of $93.6 million, up 8 per cent YoY. Filtration & Advanced Materials sales fell 3.2 per cent, while Sustainable & Adhesive Solutions sales rose 2.1 per cent. The net loss was $20.8 million, a significant...

8th Nov 2024

The US International Trade Commission yesterday determined that revoking the existing anti-dumping and countervailing duty orders on laminated woven sacks from Vietnam would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result, the existing orders on imports of these products from Vietnam will ...

8th Nov 2024

OC Oerlikon has reported Q3 2024 sales of CHF 580 million (~$667 million), down 6.9 per cent YoY, with an order intake of CHF 538 million (~$623.3 million), a 5.1 per cent decline. Operational EBITDA was CHF 98 million, a 7.3 per cent drop. For 9M 2024, sales decreased by 15.2 per cent to CHF 1,747 million (~$2,009 million). EBITDA margin outlook ...

8th Nov 2024

Ahlstrom has secured Science Based Targets initiative (SBTi) approval for its emissions reduction targets, aiming for net-zero by 2050. By 2030, it pledges a 42 per cent cut in scope 1 and 2 greenhouse gas emissions and a 25 per cent reduction in scope 3 emissions from 2021 levels. Long-term, Ahlstrom targets a 90 per cent reduction across all...

7th Nov 2024

University of Bristol's high-performance composites launched for testing on the ISS. Designed to withstand extreme space conditions, these materials could aid in building future spacecraft and space habitats. The project, a five-year effort with UKSA and ESA support, involved Bristol researchers and students, with scaling support from the National...

7th Nov 2024

Berry Global has completed the merger of its health, hygiene, and specialties nonwovens business with Glatfelter Corporation, creating Magnera Corporation, the world's largest nonwovens company. Magnera began trading on the NYSE under the ticker ‘MAGN’. The transaction, structured as a Reverse Morris Trust, was finalised on November 4, 2024.

6th Nov 2024

Toray Advanced Composites has expanded its portfolio by acquiring Gordon Plastics' assets and technology in Englewood, Colorado. This acquisition enhances Toray's capabilities in continuous fibre reinforced thermoplastic composites, with a focus on unidirectional tapes. The new facility will support growth in industries like sporting goods, oil and ...

4th Nov 2024

Researchers have developed a wireless textile energy grid using MXene nanomaterials, which can power devices such as warming elements and biosensors. This innovative grid, printed on flexible cotton, overcomes the limitations of bulky batteries and improves washability. It opens up new possibilities for wearable technology, particularly in health...