Hawick Knitwear has become a finalist in the Scotland’s Modern Apprenticeship Award, organised by Skills Development Scotland (SDS), which aims to encourage young people to start working in the industry. The award ceremony took place in Glasgow last week, where the winners were announced.
Finalists in Scotland's Modern Apprenticeship Awards include a designer, knitwear manufacturers, life science and defence systems companies, as well as others.
The Awards recognise the quality and value of apprenticeships, the achievements of individuals and the employers, who support them.
Lenzing Group, a leading producer of man-made cellulose fibres, reports that it has achieved business results in line with expectations in the first three quarters of 2013 in spite of unfavourable market conditions. However, the company now plans to cut costs following record results over the past few years.
“The difficult market situation will continue in 2014 and possibly well into 2015. We will resolutely counteract this unfavourable situation and adjust our cost structures to the new circumstances as quickly as possible,” commented Peter Untersperger, Chief Executive Officer of Lenzing AG.
“Our aim must not only be to expand our quality leadership and innovative strength on a sustainable basis, but also to regain the cost leadership in our industry. We continue to see attractive growth potential for our products, but we are already preparing ourselves today as optimally as possible for the increasingly tough competition. Cost discipline and cash generation will be our targets over the coming years.”
According to the global business information company Textiles Intelligence, cellulosic fibre production is set to continue growing rapidly in the coming years. Faced with soaring raw cotton prices in 2011, many textile and apparel producers switched to man-made fibres or started to use a greater proportion of man-made fibres in blends. In its recently published latest edition of Textile Outlook International, the company reports:
Kornit Digital, a manufacturer of direct-to-garment and digital roll-to-roll textile printing solutions, plans to demonstrate the ‘game-changing possibilities’ that cutting edge technologies can offer competitive and visionary enterprises in Asia by showing high speed and entry level digital printers in Shanghai.
It is showcasing two machines in its portfolio, from entry-level equipment to mass production solutions at FESPA China & CSGIA 2013 taking place at Shanghai World Expo Exhibition & Convention Center from 18-20 November.
Pringle of Scotland, the knitwear favoured by celebrities such as Scarlett Johansson, Madonna and Tilda Swinton, has narrowed its annual losses despite suffering a 30% slide in sales.
The company’s owners also admitted they do not expect it to deliver a profit in the near future but pledged to keep investing in the business.
Parent group Pringle Enterprises ploughed £6 million into the company during the past financial year, which ended on 26 January, and has injected a further £4.3m since then.
Protective clothing and condom maker Ansell will pay more than $40m to buy South Korean glove maker Midas.
Ansell says the takeover will provide it with new manufacturing capabilities in specialised yarn and polyurethane technology, which will be important in accelerating growth of the company's HyFlex range.
Estimates for the third quarter of 2013 and outlook for the fourth quarter of this year for global yarn and fabric output are positive in Asia and negative in Europe, according to ITMF, the International Textile Manufacturers Federation.
ITMF is an international Association for the world’s textile industries, dedicated to keeping its world-wide membership constantly informed through surveys, studies and publications and through the organisation of annual conferences.
Lycra brand owner Invista has announced the winner of the Lycra Future Designers Award – part of the WGSN Global Fashion Awards ceremony.
Lucy Gardner from the UK scooped the coveted prize at a glamorous event at the Victoria & Albert Museum in London on 30 October. Competition included designs from across the globe, ranging from cycling garments, swimwear and lingerie.
Lucy said: “I am absolutely thrilled to win this prestigious prize. Lycra fibre is such a well-known brand across the world and the fibre is so versatile for designs, no matter what apparel you are incorporating the fibre in. I can’t wait to see my designs come to life and to work with Invista in getting the collection in front of buyers, designers, stores and consumers. This is one of the most exciting things that has happened to me!”
Overall orders of textile machinery for the third quarter of 2013 dropped by 7% compared to the previous quarter, ACIMIT reports.
ACIMIT President Raffaella Carabelli said: “The slowdown in the Chinese market is taking its toll abroad, whereas in Italy a general lack of confidence is hurting a recovery in investments.”
Gildan Activewear has appointed Russ Hagey, a Senior Partner and the Worldwide Chief Talent Officer of Bain & Company, a leading management consulting firm, to its Board of Directors that now comprises ten members.