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US NCTO commends House passage of infrastructure package

8th Nov 2021

The US National Council of Textile Organisations has hailed the passage of a bipartisan infrastructure bill by the House of Representatives that will provide billions of dollars in new spending to revitalise the nation’s roads, bridges and railways and help reconstitute a domestic supply chain for face masks, isolation gowns & personal protective...

Pic: Kamil Ďurana|Dreamstime.com
Piyush Goyal calls for 5 times rise in Indian tech textile export

6th Nov 2021

The time has come to target five times rise in technical textiles exports in three years, Indian minister of textiles Piyush Goyal told representatives of Indian Technical Textile Association. The centre would back performance-linked incentive schemes for the textile sector in states backing manufacturing infrastructure like cheap land and power, he...

Pic: Glatfelter
US’ Glatfelter completes acquisition of Jacob Holm

6th Nov 2021

Glatfelter, US’ supplier of engineered materials, has announced that it has completed the previously disclosed acquisition of Jacob Holm for aggregate consideration of approximately $302 million including the extinguishment of Jacob Holm’s existing debt and other adjustments. The transaction was funded through $500 million senior unsecured notes...

Pic: Johnson and Johnson
Sweden’s Essity acquires Johnson & Johnson’s sports tape brands

5th Nov 2021

Sweden’s hygiene and health company, Essity, has acquired Johnson & Johnson Consumer’s professional sports tape brands Coach, Elastikon, and Zonas, which are established premium products in the US market. Essity is a leader in taping and strapping and following the acquisition the company will also become leading among US sports medicine distributors.

Pic: Kongsberg Automotive
US’ Lear acquires Kongsberg Automotive’s Interior Comfort Systems

4th Nov 2021

Lear Corporation, US’ automotive technology leader in seating and E-systems, has entered into a definitive agreement to acquire substantially all of Kongsberg Automotive’s Interior Comfort Systems (ICS) business unit. Under the terms of the deal, Lear will acquire Kongsberg Automotive’s ICS business unit for €175 million, on a cash and debt free basis.

Pic: CNITA
China’s CNITA celebrates 20th anniversary & elects new council

3rd Nov 2021

The China Nonwovens and Industrial Textiles Association (CNITA) recently held the Fifth Member Congress and celebrated its 20th anniversary in Beijing. The Congress reviewed and approved the report of the Fourth Council, and elected the Fifth Council. CNITA includes institutions and associations in the field of nonwovens and technical textiles.

Pic: Teijin Aramid
Japan’s Teijin Aramid achieves yarn-to-yarn recycling for Twaron fibre

3rd Nov 2021

Japan’s Teijin Aramid has achieved yarn-to-yarn recycling for its Twaron fibre. Aligning with Teijin Aramid’s belief in taking responsibility for the environmental impact of its material flows, this development is a key step toward its goal of supplying fully circular fibre. Teijin is a technology-driven company that produces high quality fibre.

Pic: 3M
American tech firm 3M records 7.1% sales rise in July-Sep quarter

3rd Nov 2021

3M, a technology company engaged in manufacturing of industrial and safety products, posted a 7.1 per cent sales increase to $8.9 billion in the third quarter (Q3) of FY21, over the same period of last fiscal. With the continued growth momentum, the company has further raised its guidance for 2021, and now expects sales to rise between 9-10 per cent.

Pic: RWTH
Germany’s RWTH university to test self-cleaning stockings in space

2nd Nov 2021

Germany’s RWTH alumnus and astronaut Martin Maurer to test self-cleaning stockings from Upper Hand and ITA in space via SpaceX Dragon. The antiviral technology of the ViruShield research project, funded by EIT Health, prevents viruses and bacteria transmission that cause unpleasant odours. The idea is to show that technology can also solve everyday...

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