Archive: 2016
Strenesse takeover folds as Polish investor withdraws
A Polish takeover of the ailing German fashion brand Strenesse has failed, leaving the future of the company with 240 employees uncertain.
New Mayer & Cie factory building opened in Czech Republic
Albstadt, Germany-based Mayer & Cie has opened its Czech subsidiary’s new factory hall in Vsetín.
Latvian fibreglass maker sells stake in US subsidiary
Latvian fibreglass maker Valmieras Stikla Skiedra has signed an agreement with parent company P-D Management Industries-Technologies for the sale of a 33% stake in Valmiera...
Large Turkish investors operating in Georgia's apparel sector
Clothing exports from Georgia fell by 13. 1% to US$77. 5m in 2015, the first year-on-year decline since 2011. Apparel imports decreased by 18.
Azerbaijan hopes for revival of cotton sector
In the midst of economic problems, Azerbaijan President Ilham Aliyev (pictured) has pinned hopes on a revival of the cotton sector to bring the country’s...
Katex stops production in Bulgaria and starts layoffs
One of the oldest textile factories in Bulgaria is to discontinue production and has started a layoff procedure.
VW supplier dispute ends following major disruption
A dispute between Volkswagen (VW) and two of its parts suppliers has ended after weeks of disruption.
Supreme Group takes full ownership of Supreme-Treves
Supreme Group, one of the largest and most diversified nonwovens groups in India, is taking 100% ownership of Supreme-Treves, which was established in 1996 as...
Trelleborg to acquire Schwab Vibration Control
Trelleborg of Sweden, through its business area Trelleborg Industrial Solutions, is to acquire Schwab Vibration Control, a manufacturer of vibration control components and system solutions.
Airbus qualification for structural foam
3A Composites has achieved qualification from Airbus for its Airex R82. 80 rigid high-performance core.
APM and Tachi-S form seating joint venture in Vietnam
APM Automotive Holdings, a Malaysian component manufacturer controlled by the Tan Chong group, has entered into a partnership to develop and produce automotive seating in...
Sioen Industries acquires sailcloth maker
Sioen Industries, a producer of technical textiles, fine chemicals and high-tech protective clothing, has acquired 100% of the shares of Dimension-Polyant, a manufacturer of sailcloth.
Fire-blockers for public transport markets
The custom-engineered spunlaced and needlepunched materials offered by Norafin are suitable for use as fire-blockers in a range of markets, including public transport.
Korean joint venture to build 200-hectare garment zone in Myanmar
Myanmar-based investment group Olympus Asia has teamed up with South Korean clothing maker Panko with plans to build a 200-hectare garment zone in Myanmar through...
Cambodian clothing factories to invest in automation
Investors in Cambodia’s clothing industry are increasingly purchasing modern equipment as they look to produce higher value-added products to compete in the global market and...
D&Y Textile targets export sales of MYR1bn
D&Y Textile (Malaysia), a subsidiary of the China-based Shandong Daiyin Textile & Garment Group, is aiming for export sales of MYR1bn (US$246m) in the 2019...