Business

2024-11-14

Oerlikon reports third quarter 2024 results, highlights strong execution in a challenging market landscape

In the third quarter of 2024, Oerlikon reported a stable operational Group EBITDA margin, despite challenging market conditions, thanks to a focus on pricing, cost management, and efficiency across both divisions. Group order intake saw a 4% year-over-year decline at constant FX, attributed to temporary market softness in Surface Solutions, while orders in Polymer Processing Solutions showed signs of stabilization.

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Business

2024-11-07

Itema completes the acquisition of Schoch & Co Srl

Itema, leading global provider of advanced weaving solutions, has completed the acquisition of Schoch, historic company active in the production and supply of accessories for textile machines, such as reeds, drop wires and other components. The operation completes the integration process already started in 2019 with the acquisition of 80% of the company's shares and, following the agreement reached with the heirs of the founding family, Itema acquires the remaining 20% and becomes the sole shareholder of the Italian subsidiary Schoch & Co Srl.

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Business

2024-10-24

Rieter's new machine business will decline dramatically in 2024

The market environment in the reporting period was characterized by restrained investment in new machinery in almost all regions except China. Demand for consumables, wear & tear and spare parts weakened slightly due to the low spinning mill capacity utilization. The noticeable downturn in consumer sentiment had a further dampening effect throughout the entire textile value chain.

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Business

2024-10-15

Trützschler Nonwovens and Texnology to supply complete needle-punching line to O.R.V. Manufacturing S.p.A., Italy

Trützschler Nonwovens and Texnology S.r.l. have received an order from O.R.V. Manufacturing S.p.A. to deliver a new production line for needle-punched and thermobonded polyester media which, among others, will serve the huge market for filter media. The collaboration of the three family-owned companies will establish one of Europe’s biggest multi-purpose lines at the leading producer of non-woven fabrics and polyester wadding in Italy and Europe. The celebration on October 1st marked the start of the project.

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Business

2024-09-25

Monforts, Archroma and BW Converting’s Baldwin Technology partner to drive innovation in sustainable textile finishing

A collaboration that unites Monforts’ renowned dyeing and finishing equipment, BW Converting’s revolutionary Baldwin TexCoat G4™ digital spray technology and Archroma’s advanced chemistries towards sustainable solutions is charting the course for the future of sustainable textile finishing.

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Business

2024-12-05

Strategic growth: RUDOLF signs MOU to acquire Proeza in Mexico

RUDOLF has announced the formal signing of a Memorandum of Understanding (MOU) to acquire Proeza in Mexico. This strategic acquisition marks a significant milestone for RUDOLF, enabling the company to leverage Proeza’s established strengths and extensive market presence.

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Business

2024-10-31

Rieter places bond for a total of CHF 65 Million

Rieter has today placed a bond of CHF 65 million with a term of five years and a coupon of 3.5%. The net proceeds of the issue will be used for general corporate purposes. “The bond also extends the maturity profile of our debt financing and increases the diversification of the investor base as well as our strategic flexibility,” said Oliver Streuli, Rieter Group CFO.

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Business

2024-10-24

Autoneum presented corporate strategy and medium-term targets with planned revenue growth up to CHF 3 billion

At the Capital Markets Day held in Czechia, Autoneum presented its new “Level Up” strategy, outlining comprehensive initiatives for the Company’s future growth and revised medium-term targets. Autoneum targeted revenue growth up to CHF 3 billion and an EBIT margin of 6% to 8% over the business cycle. The event also featured presentations on sustainability and innovation, along with plant tours in Bor and Volduchy, offering valuable insights into Autoneum’s sustainable production processes.

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Business

2024-09-26

Indorama Ventures concentrates yarn production in Italy to serve European textile industry

Indorama Ventures, one of the world’s leading petrochemical producers and a leading player in the polyester fibers market, concentrates large parts of its high-performance polyester filament yarn production for the European textile industry around 100km west to Milan, Italy.

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Business

2024-09-12

INDITEX reports a very strong operating performance in its interim report for the first half of financial year 2024

In 1HY2024, Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated store and online business model.

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Older News

Business

2024-08-08

Lenzing Group reports further improvement in operating result

The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, reports a gradual improvement in its business performance in the first half of 2024. As expected, the recovery of the markets relevant to Lenzing proved to be sluggish. Although fiber sales volumes increased, fiber prices remained at a low level. The cost of raw materials and energy remained high. At the same time, logistics costs rose significantly in the reporting period.

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Business

2024-08-08

CARBIOS and FCC Environment announce joint project to establish UK-based PET biorecycling facility

CARBIOS, (Euronext Growth Paris : ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and FCC Environment UK (“FCC”), one of the UK’s leading recycling and waste management companies, have signed a Letter of Intent (LOI) to jointly study the implementation of a UK-based plant using CARBIOS’ PET biorecycling licensed technology.

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Business

2024-08-01

Hugo Boss focuses on cost efficiency amid challenging market conditions

Despite a challenging market environment, Hugo Boss reported continued revenue growth in the first half of 2024, with a 3% increase overall, although Q2 saw a slight decline of 1%. The company is enhancing its market share for its flagship brands, BOSS and HUGO, through strategic initiatives and a stronger focus on cost efficiency.

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News Archive
2024-07-25

Autoneum delivers significant increase in operating result

2024-07-17

Rieter wins major follow-up order from DIW

2024-06-27

Sandler deals with the energy crisis

2024-06-27

CARBIOS and Zhink Group enter official discussions for long-term partnership to build PET biorecycling industrial capacities in China

2024-06-27

The business situation continues to stagnate, casting a shadow on year-end expectations

2024-06-27

H&M Group reports robust Q2 and six-month performance

2024-06-20

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

2024-06-13

Lenzing welcomes new core shareholder Suzano S/A

2024-05-30

Biosorbe buys Renewcell’s facility in Kristinehamn

2024-05-23

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

2024-04-25

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

2024-04-25

Kornit Digital with new partnership

2024-03-28

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

2024-03-21

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

2024-03-21

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

2024-03-14

Inditex reports exceptional results for FY 2023

2024-03-14

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

2024-03-14

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

2024-03-14

Suominen has published its Annual Report 2023 and Remuneration Policy

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