Business

2021-10-13

Messe Frankfurt restructures its Textile Business Unit with personnel changes for the Texpertise Network

With its Texpertise Network, Messe Frankfurt leads the world market in events for apparel fabrics, fashion, home textiles, technical textiles and textile processing. Now, there have been a number of personnel changes in the business unit, a division of Messe Frankfurt that includes the Frankfurt Fashion Week and is headed by Olaf Schmidt, Vice President Textiles & Textile Technologies.

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Business

2021-09-09

On September 8, 2021, the foundation stone was laid for the Rieter CAMPUS on the western part of the Rieter site at the Winterthur location, which includes a customer and technology center as well as an administration building. The Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and to the enhancement of the company’s technology leadership position. At the same time, the investment of around CHF 80 million is a commitment to the Winterthur site and to Switzerland as a business location.

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Business

2021-08-26

The Mönchengladbach-based family-owned Trützschler company has created a charitable foundation: the Trützschler Foundation. The Foundation’s main focus is on supporting children and young people with learning and education, sport and exercise, and science and research.

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Business

2021-08-26

AUTEFA Solutions announces that it will supply two complete needle-punching Geotextile lines to Confidence Infrastructure Ltd., one of the leading Engineering solutions providers from Bangladesh. Using state?of?the art technology, Confidence Infrastructure Ltd., is able to adapt to the continually growing market requirements and to react promptly and flexibly to individual customer needs. A growing demand in the last years led to the decision to invest in a two new Geotextile production lines.

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Business

2021-08-26

The KARL MAYER Group's corporate headquarters moved into a new, prestigious building on 23 August this year. The building with its ultra-modern architecture, together with a staff restaurant, forms the focal point of the new KARL MAYER Campus at the Obertshausen site. The building complex covers an area of 5,600 m². It is designed for 150 employees, invites people to exchange ideas and network, and stands for the further development of KARL MAYER.

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Business

2021-10-14

Clearlake capital-backed Unifrax completes acquisition of Lydall

Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the completion of its previously announced acquisition of Lydall, Inc. (NYSE: LDL, “Lydall” or the “Company”), a leader in the design and production of specialty filtration materials and advanced material solutions. The combined company will be led by John Dandolph as President and Chief Executive Officer.

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Business

2021-08-19

adidas to sell Reebok to Authentic Brands Group (ABG)

adidas announced that it has entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to € 2.1 billion, with the majority to be paid in cash at closing of the transaction and the remainder comprised of deferred and contingent consideration. The closing of the transaction is subject to customary closing conditions and is expected to occur in the first quarter of 2022. adidas intends to share the majority of the cash proceeds to be received upon closing with its shareholders.

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Business

2021-08-18

Saurer sells Accotex, Temco and Autoconer businesses to Rieter

On 13 August 2021, Saurer Intelligent Technology Co. Ltd (listed in Shanghai, China) and Rieter Holding AG (Winterthur, Switzerland) signed an agreement with Rieter to acquire the Accotex and Temco businesses from Saurer Technologies GmbH & Co. KG and the Autoconer machine business from Saurer Spinning Solutions GmbH & Co. KG. with a purchase price of EUR 300 million.

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Business

2021-08-17

Statement Picanol Group following press release Rieter Holding

In reference to the press release issued by Rieter Holding AG (SWX: RIEN) on Monday, August 16, 2021, Picanol Group (Picanol nv) would like to respond as follows.

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Business

2021-08-17

Rieter acquires three businesses from Saurer

On August 13, 2021, Rieter Holding Ltd., Winterthur/Switzerland, and Saurer Intelligent Technology Co. Ltd., Shanghai/China listed, signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V., Amsterdam/Netherlands, the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach-Palenberg/Germany and Saurer Technologies GmbH & Co. KG, Krefeld/Germany.

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Older News

Business

2021-08-12

Strong second quarter with momentum for high earnings

In the second quarter of 2021, Covestro benefited from a continued strong recovery in global demand compared to a weak Q2 2020 as a result of the coronavirus pandemic. The Resins & Functional Materials (RFM) business acquired from DSM effective April 1, 2021, was also consolidated for the first time. As a result, the Group significantly increased its core volumes sold by 35 percent year-on-year, of which around 10 percentage points is attributable to initial consolidation of the RFM business.

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Business

2021-08-12

Levi Strauss & Co. to acquire activewear brand Beyond Yoga

Levi Strauss & Co. (NYSE: LEVI) and Beyond Yoga, a fast-growing, premium athletic and lifestyle apparel brand based in the U.S., today announced that they have signed a purchase agreement for the sale of Beyond Yoga to LS&Co. The transaction will be financed with cash and is expected to close during the fourth quarter of 2021, subject to customary closing conditions. Following closing of the transaction, additional financial and operational details will be provided.

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Business

2021-08-12

SGL Carbon delivers strong first half of 2021 – transformation program and improving order situation show first successes

While the past fiscal year 2020 was still characterized by a Corona-related slump in orders in many business areas of SGL Carbon, demand picked up again in the first six months of 2021. Accordingly, Group sales increased by 8.8% to €496.7 million in H1 2021 (H1 2020: €456.5 million).

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News Archive
2021-08-12

adidas increases full-year outlook as top-line momentum accelerates

2021-08-12

Profit warning: Suominen reduces its outlook for 2021

2021-08-05

Unifi announces robust fourth quarter and fiscal 2021 results

2021-08-05

HUGO BOSS strongly accelerates its business recovery – significant top- and bottom-line improvements in the second quarter

2021-08-05

HUGO BOSS presents new growth strategy ‘CLAIM 5’ aimed at doubling sales to EUR 4 Billion by 2025

2021-08-05

Earnings more than doubled in the first half of 2021

2021-08-05

VF reports first quarter fiscal 2022 results and raises full year fiscal 2022 outlook

2021-08-04

Second-quarter and half-year 2021 results

2021-07-29

Lydall announces significant growth across focused portfolio drives margin expansion

2021-07-29

Lenzing invests in state-of-the-art wastewater treatment at Grimsby site

2021-07-29

Lenzing raises outlook for current financial year

2021-07-15

Pablo Isla underscores “the strength of Inditex’s integrated, digital and sustainable model, thanks to the work and commitment of every employee”

2021-07-15

SGL Carbon SE publishes preliminary sales and earnings figures for the first half of the year and raises forecast for 2021

2021-07-08

Digital trader spotted in China–Middle East & North Africa International Trade Digital Expo

2021-07-07

Rieter updates outlook for first half year 2021

2021-07-01

EU backs Renewcell to boost circularity in the fashion industry

2021-07-01

adidas launches new share buyback program

2021-07-01

VF Corporation completes the sale of the occupational portion of its work segment

2021-07-01

H & M Hennes & Mauritz six-month report

2021-07-01

Pulcra Chemicals achieves first acquisition with Devan

2021-07-01

RadiciGroup reports good FY2020 results despite the pandemic, thanks, in part, to new investments in innovation and sustainability

2021-06-17

VF Corporation’s new incubator launches innovation competition

2021-06-17

The H&M group’s sales development in the second quarter and early June 2021

2021-06-17

Indorama Ventures completes acquisition of CarbonLite’s Texas PET Recycling Facility