UIF partners with India’s Praj Industries for PLA production tech

thyssenkrupp Uhde’s UIF and Praj Industries have formed a strategic partnership to deliver end-to-end technology for Polylactic Acid (PLA) production.
Merging expertise in chemical engineering and biotechnology, they aim to offer cost-effective, sustainable bioplastic solutions.
The partnership supports a circular economy and adapts to diverse feedstocks, boosting global PLA adoption.Read More

01.05.2025Comments Off
Canada’s Gildan expects mid-single-digit growth in 2025

Gildan has reaffirmed its 2025 outlook with mid-single-digit revenue growth, a 50 bps rise in operating margin, EPS of $3.38–$3.58, and free cash flow above $450 million.
Its Q1 2025 sales rose 2.3 per cent to $712 million, led by 9 per cent activewear growth.
Gross margin improved to 31.2 per cent.
It earned recognition in S&P’s Sustainability Yearbook and CDP’s Leadership band for ESG performance.Read More

01.05.2025Comments Off
US’ NCTO slams Bessent’s dismissal of textile industry value

The National Council of Textile Organizations (NCTO) recently said its members were disheartened to hear US treasury secretary Scott Bessent say that the country does not necessarily need a booming textile industry.
NCTO requested Bessent to convene a meeting to discuss the critical nature of the industry and how the administration can help this key supply chain onshore jobs.Read More

01.05.2025Comments Off