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#Man-Made Fibers

Ascend Performance Materials secures court approval for restructuring and appoints new CEO

Ascend Performance Materials has reached a major milestone in its Chapter 11 process: the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the company’s Plan of Reorganization. Ascend expects to emerge from Chapter 11 by year’s end with a significantly improved capital structure. In parallel with the restructuring progress, Ascend announced a leadership change.

Patrick Schumacher has been appointed Chief Executive Officer, succeeding Phil McDivitt. McDivitt, who has led Ascend since 2017 and oversaw the company's global expansion, will remain as a special advisor to ensure a smooth transition.

CEO Schumacher brings more than 25 years of experience in chemicals and industrials, including senior roles at Olin Corporation and Celanese. He emphasized his commitment to driving Ascend’s operational and financial resurgence, supported by the company’s resilient workforce.

McDivitt highlighted the momentum built in recent years and expressed confidence that Schumacher is the right leader as Ascend enters its next phase.

Ascend continues to operate normally as it completes final steps toward emergence and refocuses on profitable growth in high-performance materials.



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#Spinning

Barmag’s automated maintenance processes for quality, safety, and efficiency in spinning plants

Maintenance and service processes in chemical fiber spinning plants have a significant impact on product quality, equipment availability, and workplace safety. With three new retrofittable solutions, Barmag helps Producers make manual work processes more efficient, safer, and more reproducible.

#Man-Made Fibers

Selenis acquires Polisan Hellas assets and expands specialty copolyester production to more than 200,000 tonnes by 2028

Continuous polymerisation joins Selenis’ existing lines in Portugal, Italy, Tunisia and the United States. Customers get the same grades from more than one site, supply from within their region and the cost base of continuous production for high-volume grades. Priority markets: shrink sleeves, film and sheet, healthcare, 3D printing filaments and textile to textile recycling.

#Man-Made Fibers

Textile Exchange: reporting companies advance on preferred materials as global fiber production reaches new high

Companies participating in Textile Exchange’s Materials Benchmark increased their use of materials from preferred production systems in 2025, while global fiber production continued to grow and reached a record 139 million tonnes. The contrasting trends highlight both the potential for change at company level and the scale of the challenge facing the wider textile industry.

#Man-Made Fibers

Dutch court orders Shanghai Port Star to stop sales of HMPE link chains in EU

The District Court of The Hague has ordered Chinese supplier Shanghai Port Star to stop selling and distributing certain synthetic fiber link chains in the European Union after finding that the products infringe EU design rights held by Avient Corporation. The ruling concerns link chains made from high-modulus polyethylene (HMPE) fibers for marine and industrial applications.

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#Knitting & Hosiery

KARL MAYER invites the Global Textile Industry to celebrate its 90th anniversary at its German Headquarters in 2027

KARL MAYER is turning its anniversary year 2027 into a milestone for the textile sector. To mark its 90th anniversary, the industry leader is inviting customers, partners, and experts from around the world to a unique event series in September aimed at pushing boundaries, unlocking new opportunities, and jointly setting the course for a new era in textiles – just as KARL MAYER has done throughout its history. The company’s headquarters in Obertshausen, near Frankfurt, is the place to be.

#Associations

ITMF names three winners of the Sustainability & Innovation Award 2026

Three projects from the UK, Korea and China have been selected as winners of the ITMF Sustainability & Innovation Award 2026. The projects address textile-to-textile recycling, chemical recycling for automotive textiles and a regenerative approach combining silk production with ecological restoration.

#Recycling / Circular Economy

nova-Institute launches groundbreaking Advanced Recycling Database for strategic market insight

The new Advanced Recycling Database reduces complexity by providing industry stakeholders with up-to-date expert-reviewed intelligence on companies, technologies, plants, capacities, locations, products and partnerships across the global advanced recycling landscape.

#Yarns

Durak Maxibalance thread supports users’ movement and balance comfort

Durak Tekstil, a leading brand in its industry, has developed Durak Maxibalance, a new product engineered with bio-ceramic and FAR IR technology. Ushering in a new era for sportswear, activewear, and medical textiles, this technology offers features designed to support balance and movement comfort by reflecting the energy absorbed from the body back into it.

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