Business

2024-06-20

Rieter to install world’s first complete air-jet spinning system with J 70 technology

Guangxi Baisheng Textile Co., Ltd. signed an agreement with Rieter to implement the world’s first complete spinning process using Rieter’s latest air-jet spinning technology J 70. This project will elevate automation levels and reduce conversion costs at Baisheng’s operations, setting a new benchmark in air-jet spinning in terms of quality and productivity.

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Business

2024-06-13

Lenzing welcomes new core shareholder Suzano S/A

The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, learned today that Lenzing's main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have signed a long-term partnership in connection with the majority stake in Lenzing. As part of this agreement, Suzano S/A will take over a 15 percent stake in Lenzing AG from B&C Group.

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Business

2024-05-30

Biosorbe buys Renewcell’s facility in Kristinehamn

Biosorbe has recently been given the opportunity to purchase new factory premises in Kristinehamn, which was previously owned by Renewcell. Renewcell’s business idea was to recycle textile waste to create new textile fibers. Biosorbe, on the other hand, produces oil-absorption materials. Despite these differences, the factory is still suitable for Biosorbe’s purposes.

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Business

2024-04-25

Products made with forced labour to be banned from EU single market

Suspected use of forced labour to be investigated and, if proven, products to be withdrawn from the market // Attention to products coming from areas with a high risk of state-imposed forced labour //Products may be allowed back on the market if forced labour is eliminated from the supply chain

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Business

2024-04-25

Kornit Digital with new partnership

Ball & Doggett forges strategic partnership with Kornit Digital for dynamic Print-on-Demand services across Australia

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Business

2024-05-23

VF Corporation reports fourth quarter revenue and earnings and exceeds fy24 cash flow expectations

VF Corporation reported financial results for its fourth quarter (Q4'FY24) and fiscal year ended March 30, 2024 (FY24). Bracken Darrell, President and CEO, said: "In Q4, we made progress advancing our Reinvent transformation program. We closed the fiscal year with further inventory reductions helping us deliver $1 billion in operating cash flow and over $800 million in free cash flow, exceeding our guidance. "

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Business

2024-03-28

H&M Hennes & Mauritz with increased profit in first quarter 24

In the first quarter (1 December 2023 – 29 february 2024) the H&M group’s net sales amounted to SEK 53,699 m (54,872). Gross profit increased by 7 percent to SEK 27,655 m (25,886). This corresponds to a gross margin of 51.5 percent (47.2). Operating profit amounted to SEK 2,077 m (725), corresponding to an operating margin of 3.9 percent (1.3). Adjusted for result from investments in associated companies and joint ventures of SEK -14 m (999) the operating profit amounted to SEK 2,091 m (-274), corresponding to an improvement in profit of SEK 2,365 m.

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Business

2024-03-21

Lenzing Group's financial performance in 2023: Overcoming challenges with resilience

In 2023, the Lenzing Group, a key player in regenerated cellulosic fibers, faced challenges with subdued demand and rising raw material costs, impacting earnings negatively. Despite stable revenue of EUR 2.52 bn, primarily due to low fiber prices and weaker demand, specialty brands maintained resilience. EBITDA increased by 25.4% to EUR 303.3 mn, but EBIT stood at minus EUR 476.4 mn due to impairment losses.

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Business

2024-03-21

Groz-Beckert develops innovative slider needle for circular knitting machines together with Vanguard Pailung

In collaboration with Vanguard Pailung, a manufacturer of ultra-high-speed knitting machines for body-size products, Groz-Beckert has developed an innovative slider needle for a new generation of machines. The new needle technology was presented for the first time at the ITMA in June 2023.

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Business

2024-03-14

Inditex reports exceptional results for FY 2023

In 2023, Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated business model.

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Older News

Business

2024-03-14

Machines weaken, but components, after sales and land sales make Rieter's 2023 financial year successful

The Rieter Group closed the 2023 financial year with slightly lower sales of CHF 1 418.6 million (2022: CHF 1 510.9 million), down 6% on the previous year. In line with expectations, the order intake of CHF 541.8 million was considerably below the prior year period (2022: CHF 1 157.3 million). In a challenging business environment, Rieter generated an EBIT margin of 7.2%. Implementation of the “Next Level” performance program to increase profitability is proceeding according to plan.

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Business

2024-03-14

On track: Autoneum achieves a significant increase in revenue and profit in 2023

Autoneum significantly improved revenue in local currencies by 34.8% in 2023 compared to the previous year, supported by inorganic growth and a positive market environment. Consolidated in Swiss francs, revenue increased by 27.6% to CHF 2 302.3 million.

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Business

2024-03-14

Suominen has published its Annual Report 2023 and Remuneration Policy

Suominen’s Annual Report 2023 has been published on March 12th, 2024. The Annual Report includes Annual review, the Report by the Board of Directors, Financial Statements for 2023, the Auditor’s report, Corporate Governance Statement, Remuneration Report and Sustainability report.

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News Archive
2024-03-07

Celebrating in Jiaxing!

2024-03-07

Indorama Ventures evolves its business strategy as it pivots towards structural shifts in the global chemical industry

2024-02-29

ANDRITZ reports record results for 2023

2024-02-26

Re:NewCell decides to file for bankruptcy

2024-02-22

Oerlikon reports robust figures and evaluates options for separation of Polymer Processing Solutions business unit

2024-02-22

Messe Frankfurt launches seven brand events in Central Asia

2024-02-15

Borealis and Axpo sign two new long-term wind PPAs

2024-02-15

Kornit Digital reports fourth quarter and full year 2023 results

2024-02-08

VF Corporation reports third quarter fiscal 2024 results and announces strategic portfolio review

2024-02-08

Suominen increases EBITDA in a difficult environment

2024-02-01

Acquisition strengthening Rieter’s After Sales Business

2024-02-01

adidas full-year results exceed latest expectations

2024-02-01

H&M increases results in the past financial year

2024-01-25

Lenzing announces impairment requirements (EBIT) for the financial year 2023 and specifies earnings forecast (EBITDA)

2024-01-25

Autoneum records significant increase in revenue and results in the 2023 financial year

2024-01-25

Rieter announced solid sales in the financial year 2023 despite challenging market environment

2024-01-12

CARBIOS has received €1.2M of the €11.4M granted by ADEME

2023-12-21

Indorama Ventures continues to be a member of the DJSI World and DJSI Emerging Markets

2023-12-14

Inditex with good figures for the first 9 months of 2023

2023-12-13

Changes in the Board of Directors of Rieter Holding AG

2023-12-07

HUGO BOSS invests in campus of the future and attractiveness of its headquarters

2023-12-07

Culp reports continued sequential and strong year-on-year operational improvement and a solid financial position for Q2

2023-11-30

New Balance Londonderry factory groundbreaking

2023-11-02

Suominen with slightly improved EBITDA and unchanged outlook