Textile News Articles

The textile news section contains news relevant to textiles, textile mills, fabric, fibers, and other textile industry issues.  You can view additional textile industry news articles at Apparel Search.

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Research and Markets has announced the addition of Textiles Intelligence's new report "International Comparison of Production Costs: Spinning, Texturing, Weaving and Knitting" to their offering.

The cost of producing yarns and fabrics using most of the main processing technologies increased between 2006 and 2008 in Brazil, China, India, Italy, South Korea, Turkey and the USA, according to the International Textile Manufacturers Federation (ITMF).

Buckeye Technologies Inc. (NYSE:BKI) today announced that it has commenced a solicitation of consents (the “Consent Solicitation”) from holders of its outstanding $200 million aggregate principal amount of 8½% Senior Notes due October 1, 2013 (the “2013 Notes”) to amend the indenture for the 2013 Notes. The purpose of the Consent Solicitation is to amend certain provisions of the indenture governing the 2013 Notes to permit the redemption, repurchase or retirement of subordinated indebtedness, including the Company’s senior subordinated notes due 2010, up to 16 months prior to maturity, which represents an increase of 4 months compared to the current indenture.
A new pioneering achievement for the SANITIZED AG laboratories, the world-leading Swiss specialists for antimicrobial treatment. After further developing its proven Sanitized® T 25-25 Silver product, the first Silver product with wash-resistant dust mite protection has been launched. New areas of application have opened up through this effect, in particular in the market sector for bedding and home textiles, much to the delight of those with allergies. A patent application has been filed for this product and its unique technology.
Hancock Fabrics, Inc. (OTC symbol: HKFI) announced today that it will host a conference call beginning at 10:00 a.m., Central Time, on Thursday, June 4, 2009 to discuss first quarter 2009 results. To participate in the conference call, please call 888-679-8037 or 617-213-4849 (Int’l) and provide the operator with passcode #46488100. You may pre-register for the call at the following website https://www.theconferencingservice.com/prereg/key.process?key=PFCPNDA6T. If you are unable to attend the live call, a replay will be available, please dial 888-286-8010 or 617-801-6888 (Int’l) and enter pin #42058696. The replay will be available by phone or on the Company’s website at approximately 1:00 p.m. CDT on Thursday, June 4, 2009 and will remain available through Thursday, June 18, 2009.
Empire Investment Holdings announced today that Richard G. Stipanovic has been appointed as chief financial officer of Polyester Fibers, LLC. Polyester Fibers was acquired in November 2008 from Leggett & Platt, and is the largest manufacturer and distributor of value-added, high-loft non-woven materials for the bedding, furniture, filtration, and retail marketplace.

Made from the fastest growing woody plant on earth, bamboo requires no pesticides, making this exotic fiber 100% eco-friendly. Renowned for its antibacterial properties and breathability, bamboo provides comfort with benefit™. Wear your values in luxurious style created using sustainable business practices and fair labor standards that honor Mother Earth.

Kraig Biocraft Laboratories, Inc. (OTCBB: KBLB), a developer of natural fibers from silkworms and spiders for use in a wide variety of applications, today announced that scientists have discovered a way to make spider silk three times stronger by adding small amounts of metal. Even though the natural spider-made fiber is already tougher and lighter than steel, this new technique could make it useful for manufacturing super-tough textiles and high-tech medical materials, such as artificial bones and tendons.
DAILY RFID has released RFID vehicle tracking system with high identification accuracy, designed to track and manage vehicles in parking areas or gated communities. This RFID vehicle tracking system allows for accurate vehicle tracking as well as easy in-and-out access for drivers.

Hancock Fabrics, Inc. (OTC symbol: HKFI) recently filed its 2008 Form 10-K and reported sales and earnings for the fiscal year ended January 31, 2009 (fiscal 2008).

Financial highlights for the year include:

  • Net sales for fiscal 2008 were $276.4 million compared with $276.3 million in fiscal 2007, and comparable sales increased 2.1% compared with a 0.5% increase in the previous year.
  • Operating income increased to $3.1 million, an increase of $7.1 million from fiscal 2007.
  • Net loss narrowed to $12.4 million, or $0.65 per share, in 2008 from $33.3 million, or $1.76 per share in 2007. The $12.4 million loss for the year included $8.2 million of reorganization expenses and $2.2 million of interest expense related to bankruptcy claims.
  • EBITDA for the year was $9.7 million, a $6.6 million increase over the 2007 result of $3.1 million.
  • Inventories reduced by over $10.1 million, the majority of this reduction occurring in continuing stores.
  • Cash totaling $24.4 million was generated from operations before reorganization activities including an $8.1 million federal tax refund from previous operating losses.
  • Since emergence from bankruptcy through fiscal year end, the Company has reduced gross debt including bankruptcy liabilities by approximately $25.8 million.
  • At fiscal year end, the Company had outstanding borrowings under its Revolver of $32.6 million and outstanding letters of credit of $6.5 million. The Note balance was $20.9 million and the warrant discount on the Notes was $10.5 million. Additional amounts available to borrow at that time were $35.0 million and this borrowing capacity has been maintained into fiscal 2009.
As the country faces the cold, harsh realities of the global financial situation, Cotton Incorporated delivers consumers a soft, comforting bit of nostalgia, with a modern twist. The research and promotion company for U.S. cotton growers and importers has revived its memorable "the touch, the feel of cotton" music, reinterpreted for today's consumers by three young vocalists: Zooey Deschanel, Jazmine Sullivan, and Miranda Lambert. The new television commercials, created by DDB New York, began airing on April 5 as part of a marketing strategy that also includes print and Internet components.

The RFID Reader Antennas can be a separate, attached component. And an external RFID Antenna can give a better signal range to RFID reader, so as to make tags to be read relatively far away. DAILY RFID has recently unveiled a customized HF RFID Antenna DL810 to cater for the above demands.

As the importance of asset tracking in asset detection and utilization, DAILY RFID released a new RFID asset tracking system to cater for the requirement of asset optimizing management for mobile and fixed assets.
DAILY RFID has recently launched RFID kit for RFID Jewelry System, designed to monitor stock location at all points in the jewelry supply chain, especially in secured storing. This kit contains the hardware and software to deploy the RFID Jewelry tracking system instantly.

The Board of Directors (the “Board”) of Weiqiao Textile Company Limited (the “Company” or “Weiqiao Textile”), the largest cotton textile producer in China, is pleased to announce the annual results of the Company and its subsidiaries (collectively, the “Group”; Stock Code: 2698) for the year ended 31 December 2008.

For the year ended 31 December 2008, the Group’s revenue was approximately RMB16,453,000,000, representing a decrease of 11.5% when compared with last year. Net profit attributable to shareholders of the Company was approximately RMB596,000,000, representing a decrease of 68.1% as compared with the previous year and earnings per share amounted to RMB0.50. The decrease in net profit attributable to shareholders of the Company was mainly attributable to the decrease in demand from the external textile product market, more intense competition in the domestic textile product market as a result of the effect of the general economic environment and the selling price reduction strategy adopted by the Group to gain the market share and client resources, leading to a decrease in profit margin. The Board proposed a final dividend of RMB0.1569 per share for the year ended 31 December 2008.

DAILY RFID, has recently unveiled 13.56MHz Mobile RFID Reader DL8033 with low price at 810USD, specially designed for mobile solutions. This Mobile RFID reader allows us to automate data collection and get better utilization of our facilities,improves productivity as well.

U.S. Nonwovens Announces the Formation of American Detergents

American Detergents Corp, a newly formed entity, has announced plans to enter the Private Label & Branded Laundry Detergent market, first quarter 2010. The plans include next generation vertically integrated blow molding, smart blending, & high volume filling substations.

    The company will utilize the latest automated & robotic high speed equipment. The facility will incorporate clean wind energy as well as PURox ultra pure USP water filtration systems in its manufacturing process.

    American Detergents has selected a strategic east coast facility, which will be announced with the States Governor, Local Authorities, & Company Representatives. The final design and engineering are in the process of being completed. All significant agreements for land acquisition, equipment, and engineering have been finalized.
   
American Detergents Corp. is a privately held Company.
DAILY RFID recently announced the smallest RFID Tag for jewelry, designed to monitor jewelry stock location at all points in the supply chain. This RFID tag offers automatic Jewelry tracking in real time to market communities, secured storing and other areas.
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