Yarn & Fiber
Lenzing reports significant revenue growth and solid earnings for the first half-year
The Lenzing Group’s revenue grew by 25.2 percent year-on-year to reach EUR 1.29 bn in the first half of 2022, primarily due to higher fiber prices. The earnings trend mainly reflects the cost trend in global energy and raw material markets, which affected the whole of manufacturing industry. Energy, raw materials and logistics costs rose sharply once again in the reporting period, after cost pressure had already risen steadily throughout the 2021 financial year. As a consequence, earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 13.3 percent year-on-year to EUR 188.9 mn.
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Milliken & Company expands domestic yarn production capabilities
Milliken & Company, a diversified global manufacturer innovating in the textile, chemical, floor covering and healthcare industries, recently acquired one of the Frontier yarn plants in Mayodan, North Carolina, from Gildan. This plant acquisition expands Milliken’s open-end yarn production for its protective fabrics, workwear, government and defense, industrial, and napery textile business units.
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Yarn & Fiber
Insempra announces strategic investment in Solena materials
Insempra, a biology-powered company enabling businesses to make superior products in partnership with nature, today announces a strategic investment in Solena Materials Ltd (‘Solena’), a synthetic biology company. Solena, a spin-out from Imperial College London, develops synthetic proteins for high-performance clothing fibers.
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TENCEL™ LUXE, the unique brand of lyocell filament yarn under Lenzing’s textile specialty brand, achieved a 2021 sales growth of 5 times the volume in 2020 and is on track to increase its existing production capacity by 25% in 2022 to cater to growing demand. As premium brands are increasingly introducing eco-friendly collections, it presents an area of opportunity for TENCEL™ LUXE to expand its footprint.
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In the fast-paced market of synthetic yarns, answering the ever-increasing customers’ demands in a timely manner is a crucial competitive advantage. Since 2002, the synthetic yarn manufacturer TURKTEX has excelled at finding newer, better, and faster ways to satisfy its customers’ demands, almost in no time. With SSM DP5-T, TURKTEX takes its competitiveness and mission towards customers to the next level.
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Lenzing Group, a leading global producer of wood-based specialty fibers, has announced a partnership with Red Points, a global leader in online IP infringement detection and removal, to strengthen Lenzing’s existing brand protection efforts globally and enable round-the-clock brand monitoring services.
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Ebru Nakis, providing solutions to its export-oriented customers with colorful and attractive embroidery, reliably uses Durak Tekstil threads in production. The company reaches the color variety and the high quality it desires with Durak Tekstil embroidery threads and succeeds in increasing customer satisfaction.
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Corpus Christi polymers plant in Texas resumes construction
Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announced that construction of an integrated PTA-PET plant in Corpus Christi, Texas, will resume in August this year. Corpus Christi Polymers LLC (CCP), a partnership between three companies, is expected to begin production in 2025 and ensure continued cost-competitive production to support the growth of IVL’s global PET operations into the next decade.
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RadiciGroup at Phygital Sustainability Expo in Rome
RadiciGroup participated in the third edition of PHYGITAL SUSTAINABILITY EXPO, which took place on 11 and 12 July in Rome. The event was focused on the ecological transition of fashion and design brands through technological innovation.
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Following sustainable fibers from feedstock to store stocks
With a portfolio that incorporates renewable resources and waste content as feedstocks, Eastman Naia™ cellulosic yarns and fibers are fully traceable, sustainable solutions for fashion and home textile brands. Now, there's an innovative way to share that traceability information from across the entire supply chain.
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Older News
Yarn & Fiber
Native bast fibres for buses, boards and automotive equipment
Development of novel moisture-resistant natural fibre-reinforced composite for structural components in the DuroBast project
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Research on carbon fibers from wood rewarded again
Dr. Frank Hermanutz and Dr. Antje Ota have received the Ernst-Pelz-Award for Renewable Resources 2020 for the development of a sustainable manufacturing process for the production of carbon fibers based on wood. The award was presented only now because of the Corona pandemic.
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AMSilk announces plans to scale-up production
AMSilk GmbH (“AMSilk”), a world leader in supplying innovative high-performance bio-based silk materials, today announces plans to scale-up production capacity by several thousand tons a year and expand its production network outside of Europe.
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