Control systems maker Motiv Power Systems has opened a new manufacturing plant in Hayward, California, and recireceived $8.1m in grant from California Energy Commission (CEC) to commercialize its all-electric powertrain. With an annual ...
Tags: Motiv Power Systems, Powertrain
Praedium, the Spanish investment Group which owns Nylstar, a producer of polyamide yarns and fabrics, has acquired acrylic fibre manufacturer Montefibre Hispania SA. Praedium has invested €2 million to acquire a 90 per cent stake in ...
Tags: Praedium, Acrylic Fibre
One of Sweden’s largest public-private partnerships, Sweden textile water initiative will expand to new countries in Asia and Africa after a successful pilot project in India. Through the initiative, 28 Swedish textile and leather ...
Tags: textile, leather, sustainable production
The Lubrizol Corporation's Performance Coatings business has completed a significant project to expand capacity and increase manufacturing efficiencies at its solvent acrylics production facility in Sant Cugat (Barcelona), Spain. Solvent ...
South Korea, which sends around a quarter of its exports to China, is one of the few countries in the world to run a trade surplus with the Asian giant. Both countries want more of this trade to be done in yuan, which would make trade ...
Tags: trade surplus, Chinese currency
Catalyst Paper is investing nearly $16m in the Rumford pulp and paper mill in Maine, US, as for its upgrade and maintenance. Around $11m will be spent on maintenance projects including the upgrade of the mill's Recovery Boiler C. The ...
Tags: Catalyst Paper, Packaging
The Union Cabinet has given its approval to review of Foreign Direct Investment (FDI) Policy on investments by non-resident Indians (NRIs), persons of Indian origin (PIOs) and overseas citizens of India (OCIs), according to an official ...
Tags: FDI Policy, Union Cabinet
Small brands with turnovers of Rs 10 crore to Rs 25 crore and mid brands with turnovers of Rs 25 crore to Rs 100 crore were affected by low sentiments, reveals the Clothing Manufacturers’ Association of India (CMAI’s) Apparel ...
Tags: Clothing Manufacturers, Apparel
Driven by Printwear and Branded Apparel sales, consolidated net sales at clothing retailer Gildan Activewear soared 15.9 per cent year over year in the first fiscal quarter ended April 5, 2015. Consolidated net sales in the first ...
Tags: Gildan Activewear, Printwear, underwear
For the first quarter of 2015, orders received by the Italian textile machinery manufacturers grew 8 per cent over the same period of the previous year. “This was mainly driven thanks to a positive performance in foreign ...
Tags: Textile Machinery, foreign markets
Specialty food ingredients company Campus has partnered with White Bridge Investments to ramp up internationalization and commercial network expansion. Both the companies have signed an agreement to this effect. White Bridge, the new ...
For its fiscal third-quarter 2015 (ended 28 March), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $83m, down 13% on $95.4m a year ago and down 4% on ...
Tags: Oclaro, CFP2 Module
Orkla has reported a 10% increase in operating profit , totalling NOK 725m in the first quarter of 2015. The Branded Consumer Goods business achieved EBIT (adj.) of NOK 769 million, an improvement of 11% from the first quarter of 2014. ...
Tags: Orkla, Hydro Power
Intrawest Resorts Holdings, Inc. reported total skier visits increased 26.8 percent in the fiscal third quarter ended March 31 compared to the prior year period, or 2.6 percent on a same-store basis. Lift revenue increased 21.1 percent ...
Tags: Intrawest, Sports Wear
Gaiam Inc. reported net revenue in the first quarter ended March 31 was flat with a year earlier at $37.6 million as it pruned catalog sales ahead of a massive launch of its yoga line at 1,100 Kohl's department stores that kicked off April ...
Tags: Gaiam, Gaiam-branded products, fitness