Business
Spinnova updates its strategy
Spinnova announced on 28 February 2025 that it started to review its strategy, post Suzano’s announcement that the company decided not to continue to invest into the next steps of collaboration with Spinnova.
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Lenzing achieves significant revenue and earnings growth within a deteriorating market environment
The Lenzing Group, a leading supplier of regenerated cellulosic fibers for the textile and nonwovens industries, reports a continued improvement in its business performance in the first quarter of 2025, although the recovery of global textile markets remained very slow and uneven during the reporting period. While the positive trend in volumes sold continued, prices remained constant at a low level. Raw material, energy and logistics costs continued to be high.
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Rieter to acquire Barmag from OC Oerlikon to accelerate its growth strategy and become a market leader in natural and manmade fibers
Rieter has signed a definitive agreement to acquire Barmag from OC Oerlikon for an upfront equity purchase price of CHF 713 million. The acquisition will create a globally leading player in natural and manmade fibers, headquartered in Winterthur, Switzerland, and is highly complementary to Rieter’s short-staple fiber business.
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KBR selected as key commercialization partner for Samsara Eco’s first-of-a-kind enzymatic recycling plant
KBR (NYSE: KBR) announced today it will support biotech innovator, Samsara Eco, to design its first-of-a-kind plastics and textile enzymatic recycling plant, due for completion in early 2028.
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DePoly to launch 500-tonne-per-year showcase plant
Swiss cleantech scale-up prepares to demonstrate industrial-scale implementation of its revolutionary technology that transforms plastic waste into virgin-quality raw materials without fossil fuels.
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Lenzing AG successfully signs syndicated loan of EUR 545 million
The Lenzing Group, a leading global supplier of regenerated cellulose fibers for the textile and nonwovens industries, has agreed financing through a syndicated loan totalling EUR 545 mn. The loan consists of a term loan and a revolving facility, enhancing the company’s liquidity reserves in preparation for upcoming refinancing requirements. Commerzbank AG, Erste Group Bank AG, and Raiffeisen Bank International AG led the consortium as coordinators, mandated lead arrangers, and bookrunners, alongside BNP PARIBAS and UniCredit Bank Austria AG as mandated lead arrangers and bookrunners.
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2025 INDA Supply Report shows North American Nonwovens Industry’s continued growth with a focus on sustainability
The 12th annual North American Nonwovens Supply Report, released today by INDA, the Association of the Nonwoven Fabrics Industry, reveals continued growth and strategic transformation within the North American nonwovens industry.
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Business
Magnera reports Q2 results, adjusts full-year outlook
Specialty materials company Magnera (NYSE: MAGN) has reported its second quarter fiscal 2025 results, showing a significant increase in net sales driven by its recent merger with Glatfelter, while slightly lowering its full-year comparable adjusted EBITDA guidance.
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eeden closes €18M series A financing to scale its breakthrough textile recycling technology
German tech startup eeden, which has developed a groundbreaking textile recycling technology, announces the completion of its €18 million Series A funding round. The round was led by Forbion, a leading venture capital firm based in The Netherlands, through its BioEconomy Fund. Also joining as new investors are Henkel Ventures, the strategic venture capital fund of Henkel, with deep expertise in surface and coating technologies through its consumer and industrial business, and NRW.Venture, the Venture Fund of NRW.BANK, North Rhine-Westphalia´s development bank.
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Dilo Systems and Kansan Group partnership announcement
Dilo Systems GmbH, a Germany-based manufacturer specializing in complete nonwoven lines, and Kansan Group, a Turkish manufacturer specializing in nonwoven converting lines, end-of-line solutions, and Wetlaid Nonwoven machinery, have signed a strategic partnership agreement to supply custom nonwoven lines.
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Adidas achieves strong start to 2025 with double-digit growth across all markets
Sportswear giant adidas has reported a significantly better-than-expected performance for the first quarter of 2025, reflecting strong momentum across both lifestyle and performance categories. The company posted a 13% increase in currency-neutral revenues, driven by 17% growth in the adidas brand and broad-based double-digit gains across markets, sales channels, and product segments.
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Culp announces strategic transformation of operating model following completion of restructuring initiatives
Culp, Inc. (NYSE: CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the strategic transformation of its operating model to further position the Company for flexibility and growth. The Company will combine its two stand-alone operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaboration, further streamline costs and processes across its business, and, most importantly, increase responsiveness to customer needs and market trends.
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B.I.G. Yarns strengthens European market position with major investment in state-of-the-art yarn production
B.I.G. Yarns, a leading designer and manufacturer of polyamide (PA), polypropylene (PP), and polyester (PET) carpet yarns for commercial, automotive, residential, and technical applications, is proud to announce a significant investment of €25 million in its French yarn production site. This investment reinforces its commitment to innovation, sustainability, and European manufacturing. It includes the installation of cutting-edge BCF lines, enhancing B.I.G. Yarns’ leadership in one-step 3-ply yarns and further solidifying its position as a key player in the global market.
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