Huber has launched a new ‘Pure Ocean’ underwear collection featuring the innovative Tencel C fibre. The collection, made from Tencel, Tencel C and elastane, features shirts with short and long sleeves, Brasil slips, short and long pants.
First presented by Lenzing two years ago, Tencel C is a result of the company’s attempt to combine cosmetic properties with the well-known skin-sensory advantages of its Tencel fibre.
In first half of 2013 Lenzing has generated earnings in line with the company’s expectations, but considerably below the first half of 2012. Consolidated sales declined by 6.8% in the first half of 2013 to EUR 989.9 million. Furthermore, there was a loss of external sales of about EUR 42.5 million at the Paskov pulp plant.
EBITDA amounted to EUR 162.0 million, down 16.3% from the first half of 2012. The EBITDA margin was 16.4% in contrast to the prior year figure of 18.2%. Earnings before interest and tax (EBIT) in the first half-year totalled EUR 103 million, a decrease of 27%.
The disposal of the Business Unit Plastics by the Lenzing Group resulted in a cash inflow of EUR 61.7 million and a gain on disposal before taxes of EUR 25.9 million at the half-year reporting date.
Invista, owner of the Lycra brand, has been announced as the headline sponsor of Moda Lingerie & Swimwear trade show for the fifth consecutive season. With a key focus on the Xtra Life Lycra fibre brand, the team from Invista will be present at Moda, which will be held at Birmingham NEC from 11-13 August.
“We’re extremely proud to be sponsoring Moda once again, and as the UK's national show for the intimate apparel and swimwear industries we feel it is the perfect fit for Invista and the Xtra Life Lycra fibre brand,” commented Michele Duncan, Invista’s Marketing Account Manager.
Gildan Activewear, a leading supplier of quality branded basic family apparel, has announced its results for its third fiscal quarter ended 30 June 2013. Earnings were a record for a fiscal quarter, and were at the top end of the guidance range. Net earnings were US $115.8 million for the third fiscal quarter, compared with net earnings of US $78.6 million for the third quarter of fiscal 2012.
According to the company, the growth in the net earnings was due to lower cotton costs, higher unit sales volumes, more favourable branded product-mix in Branded Apparel, increased supply chain and manufacturing efficiencies, and lower financial expenses, partially offset by lower net selling prices for Printwear.
Shima Seiki Mfg., Ltd. of Wakayama, Japan together with its U.S. subsidiary Shima Seiki U.S.A. Inc. will exhibit at the ENKVEGAS August 2013 leading womens wear show in Las Vegas this month. On display will be the latest collection of the “Isola Bella” brand of knitwear line, including the latest in seam-free Wholegarment knitwear that features superior fit, comfort and draping characteristics.
Italy has recorded 12% overall growth in new orders for textile machinery for the second quarter of 2013, thanks to foreign markets (+14%) and a stable domestic market (-1%).
Pitti Filati is a great place for designers to see new yarns, however not many of us wonder where the fibres used by spinners come from. During the latest edition of the show, even Filmar decided to celebrate one of their greatest loves: cotton.
Unifi, a producer and processor of multi-filament polyester and nylon textured yarns and related raw materials, has released preliminary operating results for its fourth quarter and fiscal year ended June 30, 2013. The company's reported net sales increased by 6.8% to $200.7 million, compared to net sales of $187.9 million for the same period last year.
Net income for the June 2013 quarter, however, resulted in $0.54 per share, compared to $0.56 per share for the June 2012 quarter, showing a decrease caused, according to the company, by lower earnings of unconsolidated affiliates and higher income tax expense.
According to ITMF, an international association for the world’s textile industries, global yarn production jumped in the first quarter of 2013 in comparison to the previous quarter as a result of higher output in Asia, North and South America.
HanesBrands, a leading marketer of everyday basic apparel under world-class brands, has announced that it plans to acquire Maidenform Brands for $23.50 per share, a 30% premium to Maidenform’s average closing price over the past 30 days.
The transaction, valued at approximately $575 million, is expected to close in the fourth quarter of 2013 and deliver full benefits within three years of more than $500 million in incremental annual sales and $65 million of free cash flow.