Fabric News for the 2nd Week of November 2024

Recently, Lenzing Nonwovens announced the expansion of its Lenzing Lyocell dry fiber product line, adding two new fibers: a fine fiber that gives fabrics stronger toughness and softness; Another type of coarse fiber that can effectively improve the circulation performance of liquids and air. These two innovative fibers not only maintain Lanjing's consistent excellent performance, but also help customers to use Lanjing's wood-based and biodegradable fibers more widely, expanding their applications in the non-woven fabric industry.

On November 4th, Berry International Group (NYSE: BERY) and Glatfelter Corporation (NYSE: GLT) announced the successful completion of the merger of Berry's Medical, Health, and Specialty Materials Division's global nonwoven and film business (HHNF) with Glatfelter, creating the world's largest nonwoven company, Magnetra (NYSE: MAGN), with a broad platform for solutions in the specialty materials industry. Magnera has officially become an independent publicly traded company and is listed on the New York Stock Exchange. As a leader in the field of specialty materials, it is committed to developing innovative solutions and delivering value.

On November 1, 2024, the United States International Trade Commission (ITC) initiated the first anti-dumping sunset review industry injury investigation on mattresses imported from China, examining whether the substantial damage caused by the import of the products in question to the domestic industry of the United States would continue or recur within a reasonable foreseeable period if the current anti-dumping measures were lifted. On November 4, 2024, the US Department of Commerce issued a notice initiating the first anti-dumping sunset review investigation into mattresses imported from China. Stakeholders shall register their responses with the US Department of Commerce within 10 days from the date of this announcement. Stakeholders should submit their responses to the U.S. International Trade Commission by December 2, 2024, and provide comments on the adequacy of their responses to the case no later than January 2, 2025.

According to statistics from Ningbo Customs, in the first 10 months of this year, the value of various exported skiing supplies released at Ningbo Port was 279 million yuan. Among them, the peak season effect has been significant since the third quarter, with the export value from July to October reaching 219 million yuan.

According to reports, in recent years, Uzbekistan has been tapping into the potential of agricultural development and carrying out reforms in various fields such as cotton planting, horticulture, greenhouses, and agricultural product processing, striving to improve agricultural productivity and economic benefits. In 2024, the cotton planting area will exceed 1 million hectares. In addition to traditional varieties, 42 high-yield varieties and 18 foreign varieties will be planted, of which nearly 100000 hectares will be introduced from China, India and Türkiye for the first time. The pilot planting area is 112000 hectares, and the cross regional rotation area is 200000 hectares. The introduction of new varieties is expected to further increase production. The plan is to expand the drip irrigated cotton field area from 100000 hectares to 400000 hectares.

Leave a comment