Read article here..... AKC Note: Aquafil has established a strong presence in the carpet yarn business as a sales yarn supplier of nylon 6 BCF to the contract and automotive markets. They also offer a leading brand of recycled nylon under the Econyl brand name. Alasdair Carmichael Carmichael International PO Box 3444 Spartanburg, SC [...]
Read article here..... AKC Note: Veyance Technologies is the former Engineered Products division of Goodyear which was sold to the Carlyle Group in 2007 for nearly $1.5 billion. Their products range from hoses, air springs and power train belts to rubber tracks and conveyor belts for industrial end uses. They reported revenues of $2 billion [...]
Read article here... Here is a link to the PHP announcement: PHP Fibers Sale to Indorama Ventures Public (IVL) and Toyobo AKC Note: It has been known for some time that CVC Capital Partners were looking to sell their majority ownership of PHP and this announcement confirms that the sale of PHP has [...]
AKC Note: PGI became the largest nonwovens company in the world with the acquisition of Fiberweb in 2013, and by purchasing a controlling interest in Providencia it gives PGI an increased South American presence. Additionally, Providencia has a nonwovens facility in Statesville, North Carolina (established in 2009) which will add to PGI's US activities. PGI also [...]
CT Nassau announce a doubling of their Burlington, NC plant. Read article here... AKC Note: CT Nassau is a producer of mattress ticking fabric and mattress tape. Mattress volumes have been erratic in the US through 2013 with typically 1 month seeing increased volumes and the next month lower volumes. It is reported by [...]
Read article here... AKC Note: An interesting coming together of 2 companies with a wonderful U.S. textile industry heritage, Westex was purchased by Milliken in May 2014 and Cone has a 124 year U.S. textile history and is now part of ITG (International Textile Group) which was formed in 2004 combining the former Burlington [...]
Local press are reporting a fire at the Nan Ya Plastics polyester plant in Lake City, South Carolina on January 21st: Read article here... AKC Note: This is the largest polyester plant in North America with filament, staple fiber, chip and PET resin. No further comment has been received from the plant as [...]
Read article here... AKC Note: Prior to this acquisition Mohawk reported global sales of $7.7 billion, making them the largest floor covering company in the world. IVC is a Belgium based company with a strong position in vinyl sheet and luxury vinyl tile (LVT) products. In January 2014 IVC announced an $80 million investment [...]
Read article here... AKC Note: Pharr Yarns of McAdenville, NC has been expanding its BCF yarn capacity over the last few years with a focus on polyester at a time that the U.S. market capacity for polyester BCF has grown from an estimated 175 million pounds in 2008 to an estimated 1 billion lbs in [...]
Read article here... AKC Note: Dicey Mills is an integrated upholstery fabric operation with solution dyed polypropylene; textured, chenille and boucle yarn production; warping, weaving and finishing in their plant in Shelby, NC. According to the announcement the acquisition does not include the Shelby plant and it is not clear how much of the equipment [...]