Unifi has released preliminary results for the first quarter ended 29 September 2013 of its 2014 fiscal year.
Net income for the September 2013 quarter was $8.9 million, compared to net income of $2.3 million for the September 2012 quarter. This reflects gains from improved margins, lower net interest expenses and higher earnings from the company's unconsolidated equity affiliates.
Ramsay McDonald Group, textile agents in Australasia, is pleased to offer for sale a full and comprehensive range of knitting and dyeing production plant and equipment located at the New South Wales, Australia sites of Standard Knit Fabrics and Universal Dye Works.
Calzedonia, an Italian lingerie retailer, has expanded its production facilities in Sri Lanka, and increased its workforce to 12,000 from 9,000 with enhanced capacity.
Calzedonia, which owns several brands including Intimissimi and Tezenis, now has a network of 3,100 shops in Central and Eastern Europe and employs 9,000 people in Sri Lanka in a network of factories.
Its first factory Omega Line now employs 3,070 workers, and its second one, Sirio, started in 2002, now employs 2,233 people. Alpha Apparel, started in 2005, now has 2,035 workers, and Benji, started only four years ago employs 1,940 people.
Texworld USA, the apparel fabrics show in North America, has partnered with Manufacture NY, a fashion incubator for emerging designers. The partnership is expected to provide designers with an opportunity to source fabrics and speak with Manufacture NY about their products and services offered.
“Our goal is to be able to provide all the necessary resources for our attendees at Texworld USA. By partnering with Manufacture NY we will be able to provide our visitors with an interactive show floor and for our emerging designers, a premium resource on how to start their brand,” commented John P. Gallagher, President and CEO of Messe Frankfurt.
In view of ever shorter innovation cycles in the textiles and clothing industries, machinery manufacturer Karl Mayer says it finds that four years is quite a long time between the ITMA exhibitions in Europe, the leading trade fair for international textile machinery builders. This is the reason why the company decided to present its latest machine innovations halfway between ITMA 2011 in Barcelona and ITMA 2015 in Milan at an Open House exhibition at its German headquarters a few weeks ago.
Nilit, a manufacturer and leader in the production of nylon 6.6, will be showcasing its Nilit Ecocare newly patented recycled nylon fibre at this year’s Intertextile Shanghai Apparel Fabrics Show.
Intertextile, held annually in China, is the leading international trade fair for apparel fabrics and accessories. This year the tradeshow will take place from 21-24 October in the Shanghai New International Expo Centre, with a special focus on sustainability and recycling in the textile industry.
Warp and weft knitted fabrics producer Willy Hermann is said to be streets ahead of other manufacturers when it comes producing fine knitted fabrics. The long-established company was set up in 1934 and is currently being run by the third generation of the family, employing a workforce of 130 in two locations in Austria. The company’s headquarters are in Hard and it also has interests in a finishing company in Saxony, Germany to enable it to supply products of the highest quality.
HanesBrands, a leading marketer of everyday basic apparel, has acquired Maidenform Brands for approximately $583 million.
Maidenform is a leading seller of bras, shapewear and panties under brands such as Maidenform, Flexees, Lilyette, Self Expressions and Sweet Nothings.
“Maidenform is a great company with strong brands and a rich tradition of innovation in intimate apparel,” commented Richard A. Noll, Hanes Chairman and Chief Executive Officer. “The Maidenform business and brands are a perfect addition and complement to our core business and brands. This is an excellent use of our strong free cash flow to create value.”
Italian knitted fashion fabrics producer Piave Maitex to exhibit at the Mare i Moda – Intimo di Moda 2013 that will be held in Cannes from 5-7 November.
The show will feature a wide assortment of novelties, ranging from plain fabrics suggestions, to the printed Beachwear collection 2015 and the preview of the printed underwear Spring - Summer collection 2015.
Swiss yarn spinner Herman Bühler will be showcasing its new AirJet spun Swiss Tencel Micro yarns at the Filo yarn exhibition in Milan from 9-10 October. Made with Lenzing Micro Tencel fibres, the product is what the company calls “a high-tech yarn with low-tech appeal; because of its special fibre structure, the growth of bacteria is inhibited, and more fibres in the yarn cross-section means greater fineness.”