Textiles

Domtar Announces Temporary Idling of Paper Capacity to Address COVID-19 Related Business Impact

Monday, April 6, 2020 - 2:12pm

View the full release here: https://www.businesswire.com/news/home/20200406005471/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200406005471/en/
    The temporary shutdown will reduce Domtars uncoated freesheet paper production capacity by approximately 144,000 short tons over the three months period.
  • As a result, Domtar will lay off approximately 304 employees at its Kingsport mill and 142 employees at its Ashdown mill.
  • For more details on how Domtar is responding to the COVID-19 pandemic, please visit the Business Continuity section of Domtars website.
  • These forward-looking statements include statements about the duration of the idling of the uncoated freesheet paper production capacity, and the impact of the COVID-19 pandemic on our business and demand for our paper products.

Assessment of Aramid Fiber Markets Worldwide, 2018-2027 - ResearchAndMarkets.com

Monday, April 6, 2020 - 1:25pm

The "Aramid Fiber - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Aramid Fiber - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Aramid Fiber market accounted for $3.30 billion in 2018 and is expected to reach $8.58 billion by 2027, growing at a CAGR of 11.2% during the forecast period.
  • Aramid fibres are used to make fire, cut, and stab-proof protective clothing such as helmets, footwear, coveralls, and gloves.
  • Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
    Company profiling with detailed strategies, financials, and recent developments

Copper Compression Donates 18,000 Reusable Copper-Infused Masks to New York/New Jersey Metro-Area Health Systems to Aid in Fight Against COVID-19

Monday, April 6, 2020 - 1:00pm

Due to the Coronavirus Disease (COVID-19) outbreak, the masks are being distributed to healthcare workers in critical need of Personal Protective Equipment (PPE).

Key Points: 
  • Due to the Coronavirus Disease (COVID-19) outbreak, the masks are being distributed to healthcare workers in critical need of Personal Protective Equipment (PPE).
  • The copper ion-infused face masks feature a four-layer structure that blocks 99% of fine particulate matter with an antimicrobial and antibacterial outer layer.
  • The masks are washable, reusable and sustainable, without any loss of hygienic potency over time.
  • We will continue to identify and develop products that positively impact health and wellness, especially in light of recent events.

Albany International Provides COVID-19 Business Update

Monday, April 6, 2020 - 12:36pm

Albany International Corp. (NYSE:AIN) provided a business update regarding its response to the coronavirus (COVID-19) global pandemic and its related impacts.

Key Points: 
  • Albany International Corp. (NYSE:AIN) provided a business update regarding its response to the coronavirus (COVID-19) global pandemic and its related impacts.
  • Within the Albany Engineered Composites (AEC) segment, operations have been disrupted at certain facilities.
  • Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.
  • Albany International is headquartered in Rochester, New Hampshire, operates 23 plants in 11 countries, employs approximately 4,600 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN).

Analysis on Impact of COVID-19-Construction Fabrics Market 2019-2023 | Growing Construction Activities to Boost Growth | Technavio

Monday, April 6, 2020 - 11:00am

Our construction fabrics market report covers the following areas:

Key Points: 
  • Our construction fabrics market report covers the following areas:
    This study identifies growing use of carbon fibers as one of the prime reasons driving the construction fabrics market growth during the next few years.
  • We provide a detailed analysis of vendors operating in the construction fabrics market, including some of the vendors such as Low & Bonar, Saint-Gobain, Seaman, Sefar, Serge Ferrari, and Sioen Industries.
  • Backed with competitive intelligence and benchmarking, our research reports on the construction fabrics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Register for a free trial today and gain instant access to 17,000+ market research reports.

Carter’s, Inc. Updates Actions Taken to Address COVID-19 Pandemic

Monday, April 6, 2020 - 11:40am

In recent weeks, Carters has taken several steps to help address the significant impact of the global pandemic on its customers, employees, and business partners, said Michael D. Casey, Chairman and Chief Executive Officer.

Key Points: 
  • In recent weeks, Carters has taken several steps to help address the significant impact of the global pandemic on its customers, employees, and business partners, said Michael D. Casey, Chairman and Chief Executive Officer.
  • We have strengthened our financial position by reducing inventory receipts, extending payment terms with suppliers and vendors, and implementing thoughtful and necessary cost reductions.
  • Building on actions previously announced on March 26, 2020, the Company has taken the following steps to address the disruption related to COVID-19:
    With the extended period for temporary store closures, all store employees were furloughed on April 3, 2020.
  • As additional actions are taken, the Company intends to update stakeholders from time to time as events warrant.

Kontoor Brands to Produce and Supply Patient and Disposable Isolation Gowns to Hospitals in Response to COVID-19 Pandemic

Monday, April 6, 2020 - 11:50am

View the full release here: https://www.businesswire.com/news/home/20200406005148/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200406005148/en/
    Kontoor Brands is producing patient and disposable isolation gowns at its owned and operated facilities in response to the COVID-19 pandemic.
  • By producing gowns, we hope to help provide hospitals with the much-needed equipment to fight this virus.
  • Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle apparel company, with a portfolio led by two of the worlds most iconic consumer brands: Wrangler and Lee.
  • Forward-looking statements are made based on our expectations and beliefs concerning future events impacting Kontoor Brands and therefore involve several risks and uncertainties.

Opportunities in the Global Carbon Fiber Industry, 2018-2027

Friday, April 3, 2020 - 11:45pm

DUBLIN, April 3, 2020 /PRNewswire/ -- The "Carbon Fiber - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, April 3, 2020 /PRNewswire/ -- The "Carbon Fiber - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Carbon Fiber market accounted for $4.15 billion in 2018 and is expected to reach $12.49 billion by 2027, growing at a CAGR of 13% during the forecast period.
  • While the elements like extending use of carbon fiber in the wind energy industry, growing interest for fuel-efficient and lightweight vehicles are driving the growth of the market; the significant expense of carbon fiber and the accessibility of modest other options, such as, fiberglass, are relied upon to obstruct the development of the market.
  • Some of the key players in Global Carbon Fiber market include Mitsubishi Rayon Co., Ltd., Formosa Plastics Corporation, Toray Industries Inc., Jiangsu Hengshen Co. Ltd, Hyosung, Teijin Limited, SGL Group, Solvay, Hexcel Corporation, Dowaksa, ELG Carbon Fibre, Zhongfu Shenying Carbon Fiber Co. Ltd., A&P Technology, Inc., Nippon Graphite Fiber Corporation, and Kureha.

Culp Announces Cash Strategy and Business Update in Response to Covid-19, Including Sale of eLuxury and Withdrawal of Guidance

Friday, April 3, 2020 - 3:34pm

The company expects to provide more information when it reports fourth quarter and fiscal 2020 results in June.

Key Points: 
  • The company expects to provide more information when it reports fourth quarter and fiscal 2020 results in June.
  • To date, Culp has experienced significant reductions in demand in many of its markets.
  • Iv Culp, chief executive officer of Culp, Inc., said, As the COVID-19 pandemic has spread across the world, Culp has been actively responding through our crisis management plan and adjusting our business operations accordingly.
  • Until then, we will continue to monitor the situation closely and focus on managing our business to conserve cash and maintain balance sheet flexibility.

Snow Sports Apparel Market 2019-2023 | Adoption of Automation Solutions In The Textile Industry to Boost Growth | Technavio

Thursday, April 2, 2020 - 8:30pm

Our snow sports apparel market report covers the following areas:

Key Points: 
  • Our snow sports apparel market report covers the following areas:
    This study identifies growing trend of virtual reality to enhance the consumer shopping experience as one of the prime reasons driving the snow sports apparel market growth during the next few years.
  • We provide a detailed analysis of around 25 vendors operating in the Snow Sports Apparel Market, including some of the vendors such as adidas, Amer Sports, Columbia Sportswear Company, Kering, and VF Corporation.
  • Backed with competitive intelligence and benchmarking, our research reports on the Snow Sports Apparel Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Register for a free trial today and gain instant access to 17,000+ market research reports.