Misgav - Tefron has finally secured its immediate financial future after its main lenders accepted the company?s proposed operating strategy for 2010.
The three banks, Bank Hapoalim, Israel Discount Bank and Bank Leumi, originally rejected the company's proposed plan saying it showed continued losses and did not show how Tefron would pay back its debts. If the banks had not approved the new plan, it is likely they would have cancelled the US$29 million credit line and closed the company down.
Milan – Shima Seiki Italia, the Italian subsidiary of Japanese computerised flat knitting...
Obertshausen - Warp knitting machine builder Karl Mayer has named Axel Wintermeyer as the new...
York - A new generation of seamless wound dressings may soon transform care for diabetic foot...
Zürich – Altri, the Portuguese supplier of ‘sustainable’ cellulosic pulp has acquired a majority...
Paris – Sporting goods giant Decathlon is partnering with UK-based, smart polymer manufacturer...
Lenzing - Lenzing has partnered with narrow fabrics manufacturer Charle Berlin to develop a new...
New York - The global knitting machine market is projected to expand at a compound annual growth rate (CAGR) of 7.3%, reaching US$9.03 billion by 2032, a new report suggests.
High Point – US circular knitter Culp, Inc. says the sale of its mattress ticking fabric...
Charlotte – American & Efird (A&E), the major supplier of industrial and consumer sewing thread,...
Shenzhen - Intertextile Shenzhen Apparel Fabrics and Yarn Expo Shenzhen successfully wrapped up on...
York – Our sister publication Ecotextile News has published a new podcast in which we take a deep dive into Lenzing’s latest sustainability report and learn more about the environmental milestones reached by the manufacturer of Tencel and Modal fibres.
Our host Philip Berman is joined by Lenzing’s Krishna Manda, VP corporate sustainability, and Thomas Matiz, global product sustainability lead, to discuss the company’s latest sustainability report.
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