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Hemp derivative market growth forecast
August 31st, 2021
According to The Insight Partners’ research study on “Hemp Derivatives Market to 2028–Global Analysis and Forecast–by Type and Application,” the hemp derivative market is projected to reach US$ 20,977.94 million by 2028 from US$ 4,585.43 million in 2019; it is expected to grow at a CAGR of 20.4% from 2022 to 2028. In 2021, Asia […]
Caldwell joins Sattler Outdura
August 30th, 2021
Sattler Outdura, a division of The Sattler Group, Austria, has announced the addition of Chris Caldwell as product manager for Outdura casual furniture and Sattler shade fabrics. Caldwell will be responsible for the development, analysis and management of all furniture and shade fabrics and will work closely with sales and business development to enhance Outdura’s […]
Textile recycling market outlook
August 27th, 2021
According to the report “Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global textile recycling market reached a value of around US$ 5 billion in 2020. The global textile recycling market is expected to exhibit moderate growth during the next five years. Textile recycling refers to the method of […]
Global textile coatings market forecast
August 26th, 2021
According to a report by ResearchAndMarkets.com, the market for textile coatings is expected to grow at a CAGR of less than 4% during the forecast period of 2021 to 2026. Major factors driving the market studied are increasing standards for protective textiles. Thermoplastics have dominated the global textile coatings market due to their superior properties […]
In memoriam: Wayne M. Yonce
August 25th, 2021
Wayne M. Yonce, 77, of Champaign, Ill., died on August 16, 2021, after a long and courageous battle with Parkinson’s disease with dementia. Yonce owned and operated Twin City Tent and Awning for more than 50 years until his retirement in 2018. He was considered a pioneer in the industrial fabrics industry. Throughout his distinguished […]
Indorama Ventures to acquire Oxiteno
August 25th, 2021
Indorama Ventures Public Co. Ltd. (IVL), a global chemicals producer, has agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio, a subsidiary of Ultrapar Participações S.A. The acquisition gives IVL a unique portfolio in high-value surfactants and significantly extends its existing Integrated Oxides and Derivatives (IOD) business. Oxiteno is a leading integrated surfactants producer and […]
Thai Acrylic Fibre Co. launches digital traceability for Radianza
August 24th, 2021
Thai Acrylic Fibre Co. Ltd. (TAF), a part of Aditya Birla Group, has launched a digital traceability platform to trace its flagship fiber brand, Radianza. The digital platform, backed by Blockchain technology, will ensure complete transparency and traceability for brands, retailers and consumers of Radianza fiber in the finished garment. The platform has been developed […]
Culp Inc. leads donation drive for Haiti earthquake relief
August 23rd, 2021
Culp Inc., a textile company with roots in High Point, N.C.’s furniture industry, is leading a community-wide “Hands in for Haiti” donation drive to help the victims of the recent earthquake in Haiti. Culp has production facilities in Ouanaminthe, Haiti. While the earthquake occurred in another region of the country and did not result in […]
Textile global market forecast
August 20th, 2021
According to the report "Textile Global Market Report 2021: COVID-19 Impact and Recovery to 2030" by ResearchAndMarkets.com, the global textile market is expected to grow from $594.61 billion in 2020 to $654.57 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth is mainly due to the companies rearranging their operations and recovering […]
Precision Textiles to open manufacturing facility in North Carolina
August 19th, 2021
Precision Textiles has signed a lease for a new 160,000-square-foot, 25-acre campus in Troy, North Carolina. The new plant is expected to be operational by Sept. 1, 2021, and will employ 100 people from the local area. The facility, once a textiles production plant that serviced the automobile industry, is Precision Textiles’ first domestic manufacturing […]