Turkey's Aydin Tekstil Opens New High Point ShowroomHIGH POINT, N.C. -- Turkey's Aydin Tekstil will be opening a new showroom in the Market Square Tower on the 4th floor, located at 305 W.High Ave., to accommodate all product groups for the USA market. Turkey's Aydin Tekstil will be opening… Read more.
October 16, 2019
China's Hangzhou Hightex Opens New Factory And Goes Vertical
Low-end market not affected by U.S. tariffsSHANGHAI -- Hangzhou Hightex Co. Ltd, a manufacturer of upholstery fabrics and finished products, will open a new factory in Hangzhou. Wenlong Lu, president and founder of the company, says the 50,000-square-meter [538,000-square-foot] facility,… Read more.
October 14, 2019
Economist Predicts Optimistic Forecast for Next 12 Months: No U.S. Recession
Some 400 Association for Contract Textiles (ACT) 2019 attendees hear about a moderate U.S. economic growth
Wells Fargo Securities Economist Michael Pugliese predicts moderate U.S. economic growth.
October 7, 2019
The Crypton Companies Acquire Abercrombie TextilesBLOOMFIELD HILLS, Mich. — The Crypton Companies (Crypton LLC and Nanotex LLC), providers of performance textiles in the contract, home furnishings, and apparel markets, has acquired Abercrombie Textiles, a textile mill in Cliffside, N.C.,… Read more.
September 15, 2019
Tariff Trend: Chinese Kentex Mills Relied Solely on U.S. Upholstery, But Now Adds Domestic Upscale Curtains
Intertextile Shanghai Exhibitors Say Trade War’s Effects Still UnknownSHANGHAI – Doris Deng, who has been selling upholstery fabric the last decade in the U.S., has pivoted this year into the Chinese domestic market with upscale curtains. Last week at Intertextile Shanghai Home Textiles [Aug. 28-31], most exhibitors… Read more.
September 3, 2019
Koni Hospitality Appoints Steve Ladd as Sales VPSAN DIEGO – Koni Hospitality has named Steve Ladd as the new executive vice president of sales, responsible for leading sales, developing national accounts and assisting with brand integration. The position means Ladd reports to Donald Flor,… Read more.
August 22, 2019
Mixed Bag: Some Chinese Fabrics Hit With 10% Tariff Increase Sept. 1, Others Delayed Until Dec. 15WASHINGTON – U.S. federal officials have listed the Chinese imports, including textiles, subject to an additional 10% tariff on Sept. 1, and those delayed until Dec. 15. Earlier this week, the Trump administration suspended its additional… Read more.
August 16, 2019
Rockland Industries Exits Several Textile Trade Shows. Are Trade Fairs Obsolete?
MoOD+Indigo Closes, Proposte Changes Dates and NADFD Pivots FormatBy RAY PARKER BALTIMORE -- Rockland Industries President Darren Fradin says he started questioning attending textile fairs during this year’s Heimtextil in Frankfurt, Germany, then had serious doubts during the HD Expo in Las Vegas. Fradin,… Read more.