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:
The 12th edition of Maredimoda, the trade fair for the beachwear and underwear fabrics and accessories, held from 5-7 November at Palais Des Festivals in Cannes, has closed with a 3% rise in visitors, validating the lively recovery of the European beachwear and underwear sectors.
The highest number of visitors were from Italy, France, Spain and Germany, while the most interesting performances in terms of an absolute rise in numbers, were from the United States, Russia and Turkey.
Leading circular knitting machine builder Mayer & Cie. has launched a number of new developments recently amongst which is the German company’s HPI (High Productive Interlock) version of its well proven D4-2.2 II machine. The machine is reported to be selling well in India and Turkey, with one buyer in India recently ordering 12 machines.
Première Vision Shanghai and Denim by Première Vision Asia confirmed their premium positions as more than 3,100 professionals came to Shanghaimart on 22-23 October to discover the offer of 70 exhibitors.
Première Vision events featured premium collections, exclusive trends and industry information, creating a unique business and network platform for the Asian fashion industry.
At Denim by Première Vision Asia, international and domestic denim makers presented top developments and excited designers with their cutting-edge collections. Première Vision Shanghai exhibitors displayed a strong and focused offer to the Asian market for the Fall-Winter 14/15 season.
Lingerie and Swimwear were the centre of attention during the two day trade shows and fashion events in Shanghai at Interfilière Shanghai and Shanghai Mode Lingerie.
The ninth edition attracted 7300 visitors from 60 countries, reaching a new milestone. Chinese and international industry specialists gathered to explore the latest collections of 269 Interfilière exhibitors and 41 lingerie and swimwear brands from Europe, Americas and Asia.
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.”
The 12th edition of Maredimoda, the international beachwear and underwear fabrics and accessories fair, will take place from 5-7 November at Palais des Festivals and will feature the Summer 2015 collections presented by leading European companies. Buyers are expected to return in numbers to the Paris show.
The number of companies returning back to the fair is now growing. “There are more and more cases of large and medium companies in the beachwear and underwear sector, which have decided, following their negative or no longer economical experiences, to come back to purchase European fabrics, perhaps also manufacturing their garments in North Africa or Eastern European countries,” commented Marco Borioli, President of Maredimoda.
HanesBrands, a leading marketer of everyday basic apparel under world-class brands, has reported double-digit earnings growth in the third quarter 2013. The company delivered strong profitability despite general retail weakness in the back-to-school selling period. Operating profit in the quarter ended 28 September, increased by 13% to $177 million, and net sales in the quarter decreased by 2% to $1.2 billion.
“We had a great quarter with record earnings and strong margins,” commented Hanes Chairman and Chief Executive Officer Richard A. Noll. “Our brands are gaining share, our supply chain is generating savings, and our product innovations are creating value. Given our strong earnings momentum, we are raising our earnings guidance for both 2013 and 2014 despite a soft retail environment.”