INVISTA B.V., a global integrated polymers and fibers company, has made available a current report in accordance with the terms and conditions of its bond indenture agreement related to ongoing reporting.
INVISTA B.V. made this report available to holders and beneficial owners of units (consisting of 9¼% senior notes due 2012 of KoSa Lux Finance B.V., 9¼% senior notes due 2012 of KoSa UK Finance B.V., 9¼% senior notes due 2012 of INVISTA (Canada) Company, and 9¼% senior notes due 2012 of Arteva Global Holdings B.V.) as well as to prospective investors and securities analysts who contact INVISTA to request copies and provide the information described below.
The information in the report is NON-PUBLIC and shall not be communicated or forwarded to any person other than interested holders and beneficial owners of such units and such prospective investors and securities analysts approved by INVISTA.
Interested holders, beneficial owners, prospective investors, and securities analysts who desire to receive the report, but have not contacted INVISTA in the past, should provide INVISTA with contact information no later than 5 p.m. ET on Wednesday, Oct. 20. Please provide your name, organization, telephone number, e-mail address and category (e.g., holder, beneficial owner, prospective investor or analyst) to:
INVISTA is one of the world’s largest integrated producers of polymers and fibers, primarily for nylon, spandex and polyester applications. With a business presence in over 20 countries, INVISTA’s global businesses deliver exceptional value for their customers through technology innovations, market insights and a powerful portfolio of global trademarks including: ADI-PURE®, ANTRON®, AVORA®, C12™, COMFOREL®, COOLMAX®, CORDURA®, CORFREE®, DACRON®, DBE®, DYTEK®, FRESHFX®, LYCRA®, PERFORMA™, POLARGUARD®, POLYSHIELD®, POLYCLEAR®, SOLARMAX®, STAINMASTER®, SUPPLEX®, SUPRIVA™, TACTEL®, TACTESSE®, TERATE®, TERATHANE® and THERMOLITE®. For more information, visit www.INVISTA.com.
Market Publishers Ltd announces that new market research reports on Textile are available in its catalogue.
Trade and Trade Policy: the US Clothing Import Markets, 2nd Quarter 2010. US clothing imports fell in value by 5.6% to US$64.48 bn in the year ending May 31, 2010. In terms of volume, however, they were up by 1.9% to 22.35 bn. This report offers an overall analysis of the import structure within the US textile market and covers such suppliers as China, Vietnam, Indonesia, India, Bangladesh, etc.
Talking Strategy: Manufacturing Apparel in China. China accounts for around a third of global clothing exports. Despite rising costs, the industry continues to be competitive on price. Manufacturing in the country therefore remains upbeat, and this has been aided by the apparently speedy recovery of the Chinese economy. The study discusses products and manufacturing process within the industry, overall market situation and business environment in China.
Changing Apparel Sourcing Strategies. Over the past 18 months, companies have been focusing more intensively on the contribution of overseas sourcing offices and the relationships they have with their suppliers. This report discusses the performance and structure of the overseas sourcing office, their growing role and expertise, opportunities within this industry.
Global Apparel Markets: Business Update, 2nd Quarter 2010. Japanese clothing imports fell by 5.8% during January-April 2010. US clothing imports, on the other hand, were up by 2.4%. The Chinese clothing exports were up by 9% but Indian clothing exports declined by 13% in the 11 months to February 2010. This study covers major events, financial results, international trade policy, new stores and trademarks, market forecasts.
SCS Certifies the EcoSure
Polymer Fibers as Meeting the Highest Environmental Standards.Samples to
Be Distributed at Outdoor Retailer Conference.
OutdoorRetailer Summer Market 2010
Poole Company – a leading
manufacturer and distributor of recycled and virgin fiber products – unveils
Scientific Certification Systems’ (SCS) first third-party certified North
American staple fiber made from 100% PCR PET. EcoSure® containing fabric
samples will be distributed at Outdoor Retailer Summer Market in Salt Lake City
August 3-6, 2010.
“SCS has specific, multi-step procedures to verify a
product’s environmental origin. We take our audit process very seriously and are
proud to recognize companies such as Poole that have proactively and
enthusiastically obtained certification by our organization.”
“Nonwoven Fabric Mills Industry in the U.S. and its International Trade [2010 Edition]”
The newly published Nonwoven Fabric Mills Industry report provides the most recently updated market research on the industry. Its scope contains analysis on the industry's key financial data, competitive landscape, shipment and inventory data, upstream and downstream industries, and trade data.
Through a comparative analysis on the development of wool processing industry in 31 provincial regions and 20 major cities in visualized form of data map, the report provides key data and concise analyses on the wool processing industry in China, a list of top 20 enterprises in the sector as well as the comparison on investment environment in top 10 hot regions. In addition, the report truly reflects the position of foreign enterprises in wool processing industry across China based on a comprehensive comparison of operating conditions among different enterprise types.
Poole Company – a leading manufacturer and distributor of recycled and virgin fiber products – unveils the first and only American Scientific Certification Systems (SCS) certified staple fiber made from 100% PCR PET and developed specifically for the wipes industry. Sample wipes made from EcoSure® polymer will be distributed at World of Wipes International Conference in Chicago June 21-23, 2010. EcoSure quality fibers are certified as manufactured from 100% post-consumer recycled (PCR) polymer. This allows companies manufacturing, distributing, stocking, or selling household wet wipes to be SURE they are making a green, earth-friendly selection.
Industry Leaders Collaborate to Create More Effective Integration Between Lab and Production
Datacolor® a global leader in color management solutions, and SETEX, the premier provider of textile automation solutions, today announced a strategic partnership designed to utilize the core strengths of each company in order to create more effective integration and communication between laboratory and production.
“The combined resources of both companies will help create better processes for maintaining accuracy and standards from the lab to production.”
Polyester Fibers, an Empire Investment Holdings company, announced today that the Charlotte, North Carolina location of its Cumulus Fibres division, has been recognized by the North Carolina Department of Labor and the Safety and Health Council of North Carolina for its safety excellence. Polyester Fibers is a diverse manufacturer that produces value-added, high-loft nonwoven textiles for multiple industries and end-uses.
“Congratulations to Polyester Fibers on its recognition for achieving employee safety.”
The textile manufacturer, LIBOLON, became the first company in Taiwan who received the Global Recycle Standard (GRS) certificate from Netherlands-based certification body Peterson Control Union for recycled polyester.
The GRS is for companies that ask for independent verification of their own claims as to the amount of recycled material they use in a specific set of products. In LIBOLON’s case, the product that came under scrutiny was LIBOLON’s RePET polyester.
The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.12 per share on the Class A and Class B Common Stock, payable on July 8, 2010, to shareholders of record on June 7, 2010.
Albany International is a global advanced textiles and materials processing company. Its core business is the world’s leading producer of custom-designed fabrics and belts essential to the production of paper and paperboard. Albany’s family of growth businesses extends its advanced textiles and materials capabilities into a variety of other industries, most notably aerospace composites, nonwovens, building products, and high-performance industrial doors. Additional information about the Company and its businesses and products is available at www.albint.com.
Hancock Fabrics, Inc. (OTC symbol: HKFI) recently announced financial results for its first quarter ended May 1, 2010.
Financial highlights for the first quarter include:
Net sales for the quarter were $63.1 million compared to $64.1 million for first quarter of last year, and comparable store sales decreased 2.0% compared to a 2.3% increase in the previous year.
Operating income was $17,000 in the quarter compared to $0.6 million in the first quarter last year.
Net loss was $1.3 million, or $0.07 per basic share, in the first quarter of fiscal 2010 compared to a loss of $0.9 million, or $0.05 per share in the first quarter of fiscal 2009.
Adjusted EBITDA for the quarter was $1.6 million, a decrease of $0.6 million over the same period last fiscal year.
The amount of cash generated from operations before reorganization activities increased by $146,000 to $2.1 million during the quarter.
Inventories have been reduced by $7.6 million compared to the same period last year, ending the quarter at $93.0 million.
At quarter end, the Company had outstanding borrowings under its revolving line of credit of $13.7 million and outstanding letters of credit of $7.7 million. The Company increased its borrowings by $102,000 during the quarter. Additional amounts available to borrow under its revolving line of credit at the end of the quarter were $43.5 million. The balance of the Company’s subordinate debt was $21.6 million at quarter end, and the warrant discount on this debt was $7.6 million.
The Dixie Group, Inc. (NASDAQ:DXYN) today announced that it will provide an online Web simulcast of its first quarter 2010 conference call on April 28, 2010. The Company will release its results for the first quarter ended March 27, 2010, before the market opens on April 28.
The live broadcast of The Dixie Group's conference call will begin at 11:00 a.m. Eastern Time on April 28, 2010. An online replay will be available approximately two hours following the conclusion of the live broadcast and will continue for 30 days. A link to these events can be found at the Company's website: www.thedixiegroup.com or at www.earnings.com.
The Dixie Group is a leading marketer and manufacturer of carpet and rugs to higher-end residential and commercial customers through the Fabrica International, Masland Carpets and Dixie Home brands.
Advances in Textiles Technology provides comprehensive coverage of textile materials available for commercial use and how to explore the full potential of new textile technology. It includes the latest on state-of-the-art technology for textile applications direct from the companies and research institutes at the forefront of the latest research programs. Each issue covers materials developments, new processes and equipment, safety and protection, testing and standards, and environmental issues.
China silk and textile finishing Industry, 2010 is valuable for anyone who wants to invest in the silk and textile finishing industry, to get Chinese investments; to import into China or export from China, to build factories and take advantage of lower costs in China, to partner with one of the key Chinese corporations, to get market shares as China is boosting its domestic needs; to forecast the future of the world economy as China is leading the way; or to compete in the segment. The report provides in-depth analysis and detailed insight into the silk and textile finishing industry, market drivers, key enterprises and their strategies, as well as technologies and investment status, risks and trends.