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Kelheim Fibres nominated for award
December 18th, 2020
Kelheim Fibres has been named as one of the finalists for the “Cellulose Fibre Innovation of the Year 2021” award to be presented at the 2nd International Conference on Cellulose Fibres. With its plant-based and biodegradable fibers, the Germany-based viscose specialty fibers manufacturer presents a significant contribution to a plastic-free future for AHP (absorbent hygiene […]
Kraig Biocraft Laboratories secures bridge funding
December 17th, 2020
Kraig Biocraft Laboratories Inc. has secured $950,000 in bridge financing and simultaneously filed with the SEC to become a mandatory, fully reporting company. The company recently filed a Form 8-A to become a fully reporting issuer. “While being a voluntary filer, Kraig has been committed to meeting all SEC filing and reporting standards. Our election […]
NCTO welcomes House passage of NDAA
December 16th, 2020
The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, welcomes House passage of the National Defense Authorization Act (NDAA) of Fiscal Year 2021. “We applaud the House of Representatives for passing the NDAA, a bill that will strengthen the Berry Amendment, which supports tens […]
MMI Textiles to expand operations with new production facility
December 15th, 2020
MMI Textiles Inc., a global diversified supplier of industrial and custom fabrics and textile components based in Westlake, Ohio, will open a 30,000-square-foot production facility in North Carolina to begin producing select narrow fabrics during the first quarter of 2021. The new facility in Lenoir, N.C., will focus on manufacturing and printing narrow fabrics, including […]
Rush & Company promotes McFadden
December 15th, 2020
Rush & Company has named Kimber McFadden as Vice President of Nonwovens and Industrial Textiles. Since joining the company in 2012, McFadden has dedicated her work to finding successful candidates for clients in the textiles and nonwovens industry. McFadden transitioned to the recruitment field from a successful career in real estate. Her work creating and […]
NCTO announces support of Tai as next USTR
December 14th, 2020
The National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement welcoming the reported selection of the House Ways and Means Committee’s Chief Trade Counsel, Katherine Tai, as the next U.S. Trade Representative. “We applaud President-elect Joe Biden’s expected nomination of the House Ways and Means Committee’s Chief Trade Counsel, Katherine […]
Andritz will acquire Laroche
December 11th, 2020
International technology Group Andritz has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries comprising Laroche SA and Miltec SA, France. Andrtiz will take over all Laroche entities and itsbusiness worldwide. Closing of the transaction, which is subject to approval by the Andrtiz supervisory board, is expected at the beginning of […]
CDP honors Lenzing for environmental transparency
December 10th, 2020
The Lenzing Group has been recognized by the global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change and acting to protect forests. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. This year, more than 5,800 companies were scored […]
Brookwood Companies announces leadership change
December 9th, 2020
Brookwood Companies Inc., an integrated textile company and wholly owned subsidiary of the Hallwood Group LLC, has announced that Chief Executive Officer Amber M. Brookman will leave the company on January 1, 2021, to pursue other ventures. Frank Montie, who currently serves as Executive Vice President will assume the role of CEO. Brookman has served […]
ARA releases equipment and event rental revenue forecast
December 8th, 2020
The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 billion in the United States. The latest forecast released by the association on Nov. 12, 2020, calls for modest overall growth in 2021, ticking up 0.3 percent to $48.9 billion, […]