Second half turnover rise at Fountain Set

Hong Kong - Fountain Set (Holdings) Limited, a global leader in the manufacture of knitted fabrics, has announced its audited consolidated final results for the year ended 31st August, 2009. After one of the most difficult years in the company’s history, it says it saw gradual recovery especially in the second half of the financial year.

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Ahlstrom raises prices on wipes fabrics

Ahlstrom, a global leader in the development and manufacture of high performance nonwovens and specialty papers, today announced price increases on its nonwoven wipes fabrics, as a consequence of the rise of raw material costs.

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Karl Mayer launches high speed raschel with CFRP components

Obertshausen - Karl Mayer’s says its RSE 4-1 is definitely the fastest four-bar raschel machine in the world, and will soon have even more accolades heaped upon it. The machine will be re-launched in April 2010 as the most reliable machine in its series and will set new speed standards and operate with a high degree of accuracy, completely independently of climatic conditions.

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Fiberweb makes good progress in H2 2009

New York - Fiberweb plc, the international nonwoven fabrics producer, has published a pre close trading update, ahead of preliminary results for the twelve month period ending 31 December 2009, which are expected to be announced in February 2010. The company continues to make significant progress in the second half of 2009 and expects to exceed expectations for the full year to 31 December 2009.

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SRF to widen technical textiles portfolio

New Delhi - SRF Ltd, a leading Indian manufacturer of technical textiles, is planning to add to its product portfolio by entering the laminated fabrics sector. The company, which primarily relies on manufacture of nylon tyre cord, wishes to reduce its dependence on this.

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Rieter sells nonwovens interests to Andritz

Winterthur - Rieter Holding Ltd,. Of Switzerland has signed a contract with the international technology group Andritz, based in Graz, Austria, for the sale of the French company Rieter Perfojet S.A.S, a wholly owned subsidiary of the Rieter Group. This divestment is being made in the context of focusing on core activities in the Textile Division of Rieter.

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Second half turnover rise at Fountain Set

Hong Kong - Fountain Set (Holdings) Limited, a global leader in the manufacture of knitted fabrics, has announced its audited consolidated final results for the year ended 31st August, 2009. After one of the most difficult years in the company’s history, it says it saw gradual recovery especially in the second half of the financial year.

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Traceable Merino targets US and European retailers

Sydney - Australian Wool Innovation (AWI) and NewMerino, a brand of Australian merino wool grown by professional wool producers using sustainable farming systems and holistic animal welfare standards, have joined forces to develop new market opportunities for Australian Merino wool in Europe and the USA.

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Wool production steadies

Sydney - For the first time in nearly two years, wool production forecasts have not been revised downwards and there are signs in many states that sheep numbers are beginning to stabilise. The long decline in wool production appears to be steadying according to the Australian Wool Production Forecasting Committee, which released its latest forecast yesterday.

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Fears for Bangladesh’s knitters after yarn price hike

Dhaka – Bangladesh’s small and medium businesses in its knitted goods sector are likely to collapse if the price of yarn does not come down, the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) warned journalists at the weekend.

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Lenzing invests to expand production capacity

Lenzing - The Lenzing Group, market leader in cellulose fibres, will continue to expand production capacity in 2010 by investing a scheduled EUR 120 million its European and Asian sites. The projects will be realized over the next two years. The key elements are the further extension of pulp production at the Lenzing site (Upper Austria) and a further extension of fibre production at Heiligenkreuz (Burgenland, Austria) as well as remodelling the Tencel site at Grimsby (UK).

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Pegas Nonwovens gets Procter & Gamble Excellence Award

Znojmo – Pegas Nonwovens has been awarded the ‘Excellence Award’ for suppliers performing consistently at a high level by Procter & Gamble, one of the most important producers and sellers of consumer products in the world. This prestigious award was awarded to Pegas for the second year in a row.

"It is a great honour for us to have again received such a distinguished award this year and to rank among the 55 awarded suppliers from a total of 80,000. We of course understand that this award also constitutes a significant future commitment to continue to provide quality services to our customers and to work on making them even better", said František Řezáč, CEO of Pegas Nonwovens sro and member of the board of Pegas Nonwovens SA.

Invista recognizes Sharron Davies' commitment to the swimming world at Splash Awards 2009

London – Lycra fibre brand owner Invista has awarded Sharron Davies the Lifetime Achievement Award at the prestigious Splash Awards held to honour athletes who excel in aquatic sports and celebrate their achievements in the pool.

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INDEX 11 opens doors for nonwovens business

Geneva - Preparations for INDEX 11, the leading nonwovens exhibition, have begun. According to organisers, the last event in 2008 achieved record results with 520 exhibitors from 37 countries present, attracting almost 12,500 visitors from around the world. Stand space bookings can be made on-line or by contacting the organizers.

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Mayer & Cie reduces workforce as restructuring commences

Albstadt – German circular knitting machine builder Mayer & Cie has taken the first steps towards restructuring its business by laying-off about 215 employees. Since filing for insolvency on the 29th of September the company has been employing 450 workers which will be reduced to 235 employees, starting in December.

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Harry Lucas celebrates delivery of 10,000th machine

Neumünster - Highly specialised German knitting machine builder Harry Lucas celebrated the delivery of the company’s 10,000th machine in September. The happy owner of the anniversary model was German knitter Hans Minke from Wuppertal.

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Busi gets Italian Football Federation approval for shin-guard sock

Brescia - Leading Italian sock machine builder Busi Giovanni, has been given approval by the Italian Federation of Football for the use of its football sock with integrally knitted pocket for housing shin guards. The news came to the company’s Managing Director Dr. Gianmario Busi, in a letter from the President of the Federazione Italiana Giuoco Calcio (F.I.G.C), the governing body of Italian club and international football.

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DyStar jobs safe for now as investor talks continue

Frankfurt - Following the formal commencement of insolvency proceedings today, DyStar Textilfarben GmbH will continue full operations. “We will maintain business activities, the global supply of dyes, additives and services for the textile and leather processing industries is currently continued,“ the insolvency administrator appointed by the Frankfurt District Court, Miguel Grosser from the law firm JAFFÉ Rechtsanwälte Insolvenzverwalter, confirmed today.

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