TSG Ready to Emerge from Bankruptcy in Q2
NORTH WALES, Pennsylvania — TSG Incorporated has filed its Chapter 11 Plan of Reorganization with the United States Bankruptcy Court. The announcement comes after the company recently announced a "significant" transaction with a subsidiary… Read more.January 25, 2011
Julian Meyer, 54, Loses Battle with Pancreatic Cancer
BIELEFELD, Germany — Julian Meyer, born May 5, 1956 passed away on November 8. He was 54 years old when he passed away of pancreatic cancer. Meyer was the vice president of product development for JAB, one of the world’s largest fabric… Read more.January 24, 2011
Morotti Joins Luilor
MILAN, Italy — Stefano Morotti has joined Prato-based Luilor as its general manager. The company was founded in 1990 by Marco Biagioni and the mill owns 50 jacquard and 20 dobby looms and focuses its production on high end fabrics. Morotti… Read more.January 20, 2011
Australia-based Mokum Filing for 'Voluntary Administration,' Deal Expected in February
ADELAIDE, Australia — Mokum, a 30 year-old wholesaler of upholstered seating, walls, window and floor coverings is filing for voluntary administration and is in "discussions with a purchaser currently and the outcome will be known in a couple… Read more.January 20, 2011
Heimtextil 2011 Reports Record Numbers, Positive Outlook
FRANKFURT, Germany — Let no crisis go to waste! After 75 years in the business, Messe Frankfurt reported a record year In 2011. The fair reported a spike of 5% more exhibitors from 2010 and 3% more trade visitors from 136 countries, up from… Read more.January 19, 2011
Dolan Raises Prices Ten-Percent In Response to Rising Cost of Raw Materials
KELHEIM, Germany — Dolan GmbH, a producer of high-quality acrylic fibers, announces price increases of up to 10%, effective first quarter 2011. The increase is in response to the rising cost of raw materials and energy; the company saw the… Read more.January 19, 2011
Raxon Builds New U.S. Textile Mill
HENDERSON, North Carolina — Raxon Mills, a small, specialized contract mill with annual sales of approxmiately $10 million will build what has been described as a state of the art textile mill of roughly 50,000 square-feet in Henderson by… Read more.January 18, 2011