textiles policy news

19th Aug 2024

The Responsible Flushing Alliance (RFA) has added Crown Abbey, an R&D consultancy, to its coalition. Crown Abbey will support RFA’s #FlushSmart campaign to educate on proper flushing practices and environmental stewardship. This addition brings RFA’s membership to 38 since 2020, enhancing efforts to promote the ‘Do Not Flush’ symbol on...

17th Aug 2024

AmorSui, a PPE brand focused on sustainability, has raised $3.5 million in seed funding from investors like Gold House Ventures and The MBA Fund. Founded by Beau Wangtrakuldee after a chemical-spill accident, AmorSui aims to create reusable, recyclable PPE to reduce the carbon footprint of medical supplies. The funding will accelerate product...

16th Aug 2024

Rocket Lab has begun installing a 99-ton automated fibre placement (AFP) machine at its Middle River, MD facility. This machine, the largest of its kind, will automate the production of Neutron rocket's carbon composite structures, including stages and fairings. It features real-time defect detection and will save over 150,000 manufacturing hours.

16th Aug 2024

Spinnova and Valmet have signed an exclusive partnership agreement for Valmet to supply process equipment to Spinnova’s technology customers. The deal aims to reduce fibre production costs and enhance competitiveness but is not expected to impact Spinnova’s 2024 financials significantly. It builds on previous projects and aims to advance fibre...

15th Aug 2024

A study by ifo found that Germany's 2020 VAT reduction on sanitary pads and tampons from 19 to 7 per cent, aimed at reducing tax discrimination, was fully passed on to consumers. However, companies simultaneously raised prices for panty liners, which were not included in the tax cut. This increase has offset the intended financial relief for women.

12th Aug 2024

Finnish company Suominen reported net sales of €232.3 million in H1 FY24, in line with last year. Despite lower sales prices, higher volumes and reduced raw material costs boosted comparable EBITDA to €9.5 million. Q2 FY24 net sales rose 5 per cent to €118.7 million. Profit improved but remained negative at minus €2.9 million for H1 FY24.

12th Aug 2024

Glatfelter Corporation reported a $25.6 million adjusted EBITDA for Q2 2024, up $8.3 million from the previous year. Spunlace segment EBITDA increased by $3.4 million, while composite fibres witnessed a $4.9 million rise despite lower net sales. The company also settled a legal dispute for $6.5 million, expected to be recognised in Q3 2024.

9th Aug 2024

The Honest Company reported $93 million revenue in the second quarter of 2024, a 10 per cent increase from the previous year, driven by strong baby products and wipes sales. Gross margin rose to 38.3 per cent from 27.1 per cent, and adjusted EBITDA was positive $8 million. Operating expenses increased by $3 million due to higher marketing...

9th Aug 2024

Toray Industries reported a 10.3 per cent YoY rise in Q1 FY25 revenue to ¥637.7 billion (~$4.4 billion), with core operating income up 67.8 per cent to ¥36.8 billion. Profit surged 92.6 per cent to ¥26.9 billion. The fibres and textiles segment grew 9.4 per cent, performance chemicals rose 12.5 per cent, and carbon fibre materials saw a 13 per cent ...