Archive for August, 2011

Turnover Increased 54% to RMB650.7 Million Net Profit up 33% to RMB128.9 Million

Tuesday, August 30th, 2011

HONG KONG, Aug. 22, 2011 /PRNewswire-Asia/ — COSTIN New Materials Group Limited (“COSTIN” or the “Company”, together with its subsidiaries, the “Group”, stock code: 2228), which is principally engaged in the research and development, production and sales of non-woven materials and recycled chemical fibres, is pleased to announce its interim results for the six months ended 30 June 2011.

During the Reporting Period, the Group achieved turnover up approximately 54.3% to approximately RMB650.7 million, which was mainly attributable to an increase in the overall selling price of the products, and growth in the sales quantities of non-woven materials and recycled chemical fibres. Gross profit increased 39.0% from the same period of 2010 to approximately RMB203.5 million. Profit attributable to owners of the Company rose 32.7% to approximately RMB128.9 million. Basic earnings per share was RMB16.11 cents. The Board recommends the payment of an interim dividend of HK$3.5 cents per share for the Reporting Period.

During the Reporting Period, the turnover of non-woven fabrics and recycled chemical fibers reached RMB508.4 million and RMB141.8 million, respectively, representing increases of 53.9% and 55.1% over the same period of 2010.

(more…)

NDC Infrared Engineering Acquires IRM Group SA

Tuesday, August 30th, 2011

August 16, 2011

NDC Infrared Engineering (Irwindale, CA), the world’s leading manufacturer of web gauging equipment for the plastics, rubber, nonwoven and extrusion coated businesses, has acquired the IRM Group (Alleur, Belgium), a leading manufacturer of high-technology measuring systems for the metals industries.

“IRM has established a very successful business with its excellent technologies and proven product range.” said Bromley Beadle, president of NDC Infrared Engineering. “Now, with this investment, combined with NDC’s global measurement and control reputation, we look forward to expanding and developing IRM’s market position and to lead NDC into the metals business.”

IRM will become aligned within NDC Infrared Engineering world-wide. Jean-Marc Philippet, managing director for the IRM Group commented: “We are delighted to become part of NDC Infrared Engineering. The metals systems business is a solid market where accurate measurement is essential. Our unique technologies are designed to maintain a leadership position within the business and to provide our customers with exceptional results.” (more…)

Winner Medical receives COTTON USA Mark license

Monday, August 29th, 2011
August 19, 2011 (China)

Winner Medical Group Inc a leading manufacturer of medical dressings, medical disposables and non-woven fabric made from 100% natural PurCotton products in China, proudly announced that it was granted the COTTON USA Mark license by Cotton Council International (“CCI”) for its PurCotton products, which use and contain 100% U.S.-grown cotton.

According to CCI, all licensed products must contain at least 50 percent U.S.-grown cotton out of the cotton content with superior quality and reasonable selling price if sold outside the United States and 100% of the cotton must be made from U.S. cotton fiber if sold in the United States. After a long series of stringent verification and inspection process by Wakefield Inspection Services Ltd, one of the most famous independent inspection companies in the world specializing in the classification of cotton, Winner Medical was verified and recognized for using 100% U.S. cotton in its PurCotton branded medical and consumer products, not only making the Company one of the few which may use Cotton USA Mark internationally, but more important, the only company in China which may use Cotton USA Mark for products sold in the U.S. market, echoing the CCI’s slogan as “Look for the Cotton USA Mark only on quality pure cotton products.”

Jianquan Li, chief executive officer and director at Winner Medical comments, “We are excited to become the only domestic licensee that may use Cotton USA Mark in China market and overseas markets; such recognition represents the quality, versatility and value of our products. With growing majorities of consumers perceiving U.S. cotton-containing finished goods to be more durable, comfortable and stylish, our group would be able to deepen the expansion of international medical market and consumer market in China for PurCotton products, while further enhancing our partnership with CCI.” (more…)

Delusterant boosts quality of polyester & nylon fibres

Sunday, August 28th, 2011
August 18, 2011 (UK)

ColorMatrix, a world leader in liquid polymer dispersion technology, has entered the carpet, textile and nonwovens industry with a new liquid delusterant for use in polyester and nylon fibre production. Mattenex, a TiO2-based technology, reduces the reflective appearance of bright nylon and polyester fibre in a variety of applications from carpet and textile apparel to nonwoven and automotive products. It is suited to both staple and continuous filament production and engineered for heavy and fine deniers.

Unlike alternative technologies, a single Mattenex formulation can achieve many different matting levels and can be supplied to feed multiple extrusion lines. This makes it a highly flexible system that is easy to use. The superior dispersion characteristics of the liquid Mattenex concentrate require lower loading rates – as low as 0.03% – to deliver an equivalent visual matting effect to solid delusterants.

“Liquid dispersion technology offers significant processing benefits for manufacturers and major qualitative advantages for end-users,” says Morag Girdwood, global brand and communications manager, ColorMatrix Group. (more…)

Lenzing Nanjing Fibers starts up new fiber production line

Saturday, August 27th, 2011
August 17, 2011 (China)

Lenzing Nanjing Fibers, the Chinese subsidiary of Lenzing AG, has successfully started up its new production line. The new line will offer a nominal capacity of 60,000 tons p.a. and will produce viscose fibers for textile applications and the nonwoven industry mainly for the Asian market.

Construction took approximately one year, and important key components were provided by the Group’s subsidiary Lenzing Technik GmbH. The startup of the new line almost doubled the annual production capacity of Lenzing Nanjing Fibers to nearly 140,000 tons of viscose fibers. It is already expected to reach its full nominal capacity at the beginning of the fourth quarter of 2011. The Nanjing plant is Lenzing Group’s third-largest production location and began manufacturing in 2007. (more…)

Triton announces new RC1000 coating system

Friday, August 26th, 2011
August 24, 2011 (UK)

Triton Systems Inc (Triton) ASSET division, announces the RC1000, its full scale roll-to-roll atmospheric plasma coating system.

The RC1000 system can be used to functionalize woven and nonwoven textiles, plastic films, paper and other rolled products. Based on our proprietary atmospheric pressure plasma liquid technology, the RC1000 enables new functionalities via true surface modification without changing properties such as air permeability of textiles, or weight and appearance of treated rolled substrates. The RC1000 allows us to immediately introduce our Invexus brand of liquid repellent, antimicrobial and insect repellent coatings that can be used on technical textiles and specialty films.
(more…)

Cotton prices on an upsurge since Aug 1

Thursday, August 25th, 2011
August 24, 2011 (India)

Cotton prices which had dipped to their lowest point in July-end since the beginning of the current year, once again started ascending from the first week of August.

The upsurge in cotton prices came following the announcement from the Indian government withdrawing the cap on cotton exports and putting the commodity under Open General License (OGL).

Shankar-6 cotton prices which had stood at Rs 31,750 per candy (1 candy = 355 kg) on August 1, surged to Rs 37,750 on August 23, up a staggering 18.89 percent in a matter of just 23 days.

Each working day between the period, has witnessed cotton prices rising without a pause, except for two days when it fell back marginally and on one single day it maintained stability.

Editor’s note:
It is expected that cotton prices will continue to surge till new cotton arrives in the market beginning from October. The Indian cotton season runs between October and September.

Click here to view and download price trends from August 1.

Fibre2fashion News Desk – India  Source: www.fibre2fashion.com

Japan – Nonwovens production down 2.1% in H1 2011

Wednesday, August 24th, 2011
Dated- 22 Aug , 2011 – Japan
METI reported that Japanese nonwoven fabric production during January-June 2011 decreased by 2.1% year-on-year to 153,430 tons.

First-half 2011 production increased for thermal bonded (up 2% to 17,958 tons), spunlaced (up 3.1% to 17,042 tons) and spunbonded/meltblown (up 4.3% to 44,245 tons, and decreased for chemical bonded (down 9% to 9,359 tons), needle-punched (down 9.5% to 33,956 tons) and wet-laid (down 9.8% to 18,291 tons).

Source: Asiantex .

James Rubright of RockTenn Wins RISI's 2011 North American CEO of the Year Award

Friday, August 19th, 2011

BEDFORD, Mass., Aug. 15, 2011 /PRNewswire/ — RISI, the leading information provider for the global forest products industry, has named Mr. James Rubright, Chairman and CEO of RockTenn, as the 2011 North American Forest Products CEO of the Year. The award will be presented to Mr. Rubright at RISI’s 26th North American Forest Products Conference in San Diego, CA on October 3-5, 2011.

Mr. Rubright was chosen as the RISI North American CEO of the Year by a group of investment analysts and portfolio managers covering the forest products industry. The analysts responded to a survey organized by RISI and the criteria for nomination included leadership, vision and strategic accomplishment. Mr. Rubright was selected as the winner due to his significant achievements and overall leadership of RockTenn. Specifically noted in his nomination was the recent acquisition of Smurfit-Stone by RockTenn. Both competitors and independent converters have responded positively to the recent acquisition which has brought RockTenn to a new level in the industry as one of the most respected and profitable integrated paperboard and packaging companies in North America. Responding to the announcement Mr. Rubright commented, “This award recognizes the success and global competitiveness RockTenn has accomplished through the hard work and innovative solutions of our 26,000 dedicated employees.” (more…)

A Record Year for World Cotton Production Means Weakening Demand in the Global Dissolving Pulp Market

Thursday, August 18th, 2011

RISI WORLD COTTON OUTPUT    World Cotton Output (Million Tonnes).  (PRNewsFoto/RISI)  BRUSSELS, BELGIUM
RISI LOGO    RISI logo. (PRNewsFoto/RISI)  BOSTON, MA UNITED STATES

BRUSSELS, Aug. 10, 2011 /PRNewswire/ — The latest estimates for world cotton production in 2011 show a record year, at nearly 27 million tonnes, or nearly 5 million tonnes above the low point reached in 2009. This has impacted the record $5100/tonne A-index cotton price reached in March this year contributing to a steep decline to $3600 in May, before stabilizing in June. Meanwhile, spot prices have continued to wane. Current spot prices and year-end futures prices indicate that A-grade cotton prices in the fourth quarter will drop even further. As supplies of cotton started to become more available at lower prices, the strong demand growth in viscose staple fiber (dissolving pulp) has begun to slow.  These are the findings published in the latest issue of RISI’s World Dissolving Pulp Monitor. (more…)