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U.S. producers to plant 17% less cotton in 2023
March 8th, 2023
Photo: U.S. Cotton Trust Protocol and photographer John Gibson US U.S. cotton producers intend to plant 11.4 million cotton acres this spring, down 17.0 percent from 2022, according to the National Cotton Council’s 42nd Annual Early Season Planting Intentions Survey. Upland cotton intentions are 11.2 million acres, down 17.3 percent from 2022, while extra-long staple […]
Retold Recycling awarded $300,000
March 3rd, 2023
If they aren’t recycled, discarded textiles are often incinerated or end up in a landfill like this one. Photo: Creative Commons Retold Recycling - a convenient and sustainable textile recycling start-up - has received a $300,000 deal in exchange for a 25% stake in their company from famed Shark, Mark Cuban. Retold Recycling empowers consumers by making it easy […]
Manufacturing PMI at 47.7%
March 2nd, 2023
Economic activity in the manufacturing sector contracted in February for the fourth consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., chair of the Institute for Supply Management® (ISM) Manufacturing Business Survey Committee. “The February Manufacturing PMI registered 47.7%, 0.3 percentage […]
Archroma acquires Huntsman Textile Effects
March 1st, 2023
Archroma announced the closing of the acquisition of the Textile Effects business from Huntsman Corporation. When the Huntsman Textile Effects acquisition was first announced in August 2022, Archroma Group Chief Executive Officer (CEO) Heike van de Kerkhof called the transaction a “merger of equals.” Indeed, the global business of Huntsman Textile Effects comprises approximately 2,300 […]