NEW
YORK – Fibre manufacturer
Invista, famous for its Lycra brand, has initiated legal proceedings against
Rhodia and Dupont, alleging the two companies are unlawfully using Invista?s
trade secrets to expand in the nylon chemicals business.
OLGIATE OLONA – BTSR has launched UNICO, a
new, fully integrated tension control system.
CILAVEGNA – One of the latest examples of
crochet knitting machine technology from Comez has been designed to meet the
growing demand from countries such as India where narrow fabric
manufacturers are keen to move as quickly as possible into new market segments.
WAKAYAMA – As well as a wider range of gloves and hats, Shima Seiki?s latest
additions to its range of WholeGarment accessory machines are now capable of
knitting garments such as ladies leggings and tanktops.
NEW JERSEY
– Hosiery and intimate apparel supplier JBT Group/Design Studio International
has been acquired by accessories specialist, Amiee Lynn Accessories. Financial
terms of the deal were not disclosed.
GREENSBORO ? Nilit has supplied its latest moisture management 6.6 nylon, Nilit
Aquarius to Nux, a new brand of seamless women?s activewear.
MISGAV, ISRAEL ? Despite a 20% in revenues, Tefron Ltd. has reported a net loss
for the second consecutive quarter, hurt by a decline in gross and operating
margins. The company also announced the appointment of Eran Rotem as the new
chief financial officer.
SHANGHAI – Building on its long-established
presence in the European and U.S.
mattress sector, Mayer & Cie used the recent ITMA Asia exhibition to
showcase the latest circular knitting technology aimed at boosting the mattress
fabric industry in Asian markets.
NORTH CAROLINA – Culp Inc. has acquired the
knitted mattress-fabrics operation of Bodet & Horst USA LP. The financial terms
of the deal were not disclosed.
DAKHA – Bangladesh?s knitwear exports
reached US$5.53 billion in the most recent financial year, an increase of
nearly 22% compared to the previous year and ahead of the industry?s target of
US$5.47 billion, according to reports in the local media.
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