Yarn & Fiber
COVID-19 impacts revenue and earnings of the Lenzing Group in the first half of 2020
In the first half of 2020, the Lenzing Group faced a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis. To counteract that, Lenzing intensified its cooperation with partners along the value chains and adjusted its production volumes and sales prices to market reality. The disciplined implementation of the sCore TEN corporate strategy and the focus on specialty fibers continued to have a positive impact.
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INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT), and Hengli Petrochemical (Dalian) Co., Ltd (Hengli) are pleased to announce the successful start-up of Hengli’s 5th PTA line.
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Teijin Frontier Co., Ltd., the Teijin Group's fibers and products converting company, announced today its new heat insulating structure which combines sweat absorption and quick drying for innerwear and heat insulation for brushed-finish intermediate wear, or middler, worn between the inner and outer layers to retain heat. Teijin Frontier is positioning this new structure as a key material for outdoor wear in fall and winter 2021 collections. Eventually, applications of the new structure will include outdoor, sports, casual and uniform applications, targeting annual sales of one million meters in fiscal 2025.
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Dr. Marina Crnoja-Cosic has been appointed Head of New Business Development at the viscose speciality fibre manufacturer Kelheim Fibres. She will also serve as a member of Kelheim’s Management Board.
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First quarter 2020 results hold up, but the rest of the year will feel the consequences of pandemic-induced uncertainty and difficulties. Nevertheless, the Group remains cautiously optimistic about long-term prospects, while boosting innovation, sustainability and care for the environment and communities.
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Unifi announces fourth quarter and fiscal 2020 results
Unifi, Inc. (NYSE: UFI), one of the world's leading innovators in recycled and synthetic yarns, today released operating results for the fourth fiscal quarter and fiscal year ended June 28, 2020, which reflect significant market disruptions as a result of the COVID-19 pandemic. The Company did not provide guidance for the quarter ended June 28, 2020.
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Polyester staple fiber (PSF) markets to 2025 - Unfavourable conditions arising due to COVID-19 outbreak
The "Polyester Staple Fiber (PSF) Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
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Yarn & Fiber
Eliminating EtO issues with Low Shrink SAF Fabrics
Technical Absorbents Limited (TAL) has developed a new grade of superabsorbent fibre (SAF) specifically for use within a new range of SAF nonwoven fabrics that are more resistant to shrinkage.
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First Yarn Expo Shenzhen set to welcome 115 exhibitors this Wednesday
A total of 115 exhibitors will participate in the debut Yarn Expo Shenzhen this Wednesday, from 15 – 17 July, in hall 10 of the brand new Shenzhen World Exhibition and Convention Center. While this new edition of Yarn Expo provides the yarn and fibre industry with the ideal gateway to capture the potential of the strong apparel market in South China and Southeast Asia, it will also be an important boost to help the industry recover and reconnect from the COVID-19 pandemic disruption.
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Surgical mask in development with Acteevâ„¢ technology shows efficacy against SARS-CoV-2 plus Level III filtration properties
Ascend Performance Materials announced today it has submitted to the U.S. Food and Drug Administration a 510(k) premarket notification for clearance to market its Acteevâ„¢ technology in a pair of high-efficacy surgical masks to protect against SARS-CoV-2, the cause of COVID-19.
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Yarn & Fiber
Indorama Ventures becomes first chemical company TCFD Supporter reinforcing sustainability and ESG leadership in Thailand
Indorama Ventures Public Company Limited (IVL), a global chemical producer, has become a Task Force on Climate-Related Financial Disclosures (TCFD) Supporter. IVL is the first chemical company in Thailand and the second chemical company in Southeast Asia to become a TCFD supporter by volunteering to comply with TCFD recommendations and supporting their climate change agenda. Becoming an official Supporter cements the company's commitment towards and leadership in sustainability, embedding Environmental, Social and Governance (ESG) factors in IVL's business operations.
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Yarn Expo Autumn exhibitors cater for a new wave of demand for sustainable products
As the world has become ever-more eco-conscious in recent years, the textile industry has been no exception. There has been a significant focus and push for sustainable production processes, products and technologies across the entire supply chain. And the COVID-19 pandemic has highlighted even more so, the need for sustainability within the textile sector. Whilst manufacturing and travel paused for a moment, skies became clearer and water was cleaner in lockdown cities as the environmental impact of pre-COVID-19 lifestyles was exposed to consumers, who now expect change following the pandemic.
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TENCELâ„¢ collaborates with Design Knit, weaving innovation and sustainability into the fabric of fashion
Navigating the challenges of the first half of 2020 has led many businesses to adapt their way of working, but for the TENCELâ„¢ brand, it has strengthened the commitment to driving sustainability for an eco-friendly future. As part of Lenzing' s dedication to protecting our planet, they are always excited to partner with like-minded fabric suppliers or supply chain partners who share the same vision and want to make a difference for the better. The recent collaboration with Design Knit, weavers of eco-responsible fabric, is another great example of an inspiring brand who want to create consciously.
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