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Industrial Textiles

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Equipment rental company Sunbelt Rentals acquires US’ Mahaffey

17th Dec 2021

Sunbelt Rentals has acquired Mahaffey USA, a leader of temporary and semi-permanent structures. For nearly 100 years, Mahaffey has been providing large-scale temporary fabric structures for businesses, from temporary warehouses and aviation hangars to fire stations and blast-resistant structures, all managed from the company’s Memphis headquarters.

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American tech firm 3M records 7.1% sales rise in July-Sep quarter

3rd Nov 2021

3M, a technology company engaged in manufacturing of industrial and safety products, posted a 7.1 per cent sales increase to $8.9 billion in the third quarter (Q3) of FY21, over the same period of last fiscal. With the continued growth momentum, the company has further raised its guidance for 2021, and now expects sales to rise between 9-10 per cent.

Pic: Made Smarter
DRM Industrial Fabrics among UK digital leaders in Made Smarter scheme

20th Aug 2021

UK specialist technical textile solutions manufacturer DRM Industrial Fabrics is among 60 digital leaders with the vision and the skills to pursue smarter manufacturing through Made Smarter’s Innovative Leadership Programme. Made Smarter is the UK national industrial digitalisation movement to drive productivity and growth of manufacturing industries.

Pic: 3M
US firm 3M forecasts 7-10% sales rise this year

11th Aug 2021

3M, a US-based technology company, has posted 24.7 per cent sales jump to $8.9 billion in second quarter (Q2) of FY21 ended on June 30, 2021, compared to $7.1 billion in same period of previous fiscal. Based on strong first half results, the company has raised its full year guidance for 2021, and now expects sales to rise between 7-10 per cent during...

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US firm Tarps Now announces expansion of industrial fabric lines

28th Apr 2021

Tarps Now has announced its commitment to expanding the number of lines of industrial fabrics engineered to meet the needs of contractors, heavy industry, oil & gas pipelines, gas and electric utility companies, product manufacturers, fabrication specialists and warehousing operations. Tarps Now is a specialist in custom canvas and vinyl tarps.

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Global tech textiles MKT: Asia-Pacific region poised to grow fastest

22nd Mar 2021

The global technical textiles market is estimated at $193 billion in 2020 and is expected to hit $274 billion by 2027, growing at a compounded annual growth rate of 5.1 per cent during 2020-27, backed by increasing global demand for technical textiles across industry and an expanding base of new products based on application research, says a new report.

Pic: Ficci
Indian tech textile market expected to reach $23.3 bn by 2027: report

18th Mar 2021

India's technical textile market was valued at $14 billion in 2020 and is expected to reach $23.3 billion by 2027, growing at a CAGR of 7.6 per cent, which is among the fastest growth rate in the Asia-Pacific region, according to a report called 'Technical Textiles: Emerging Opportunities and Investments' released by KPMG and FICCI recently.

Pic: Senator Aument
UK company opens new treatment line in Manheim

8th Mar 2021

Fenner Precision Polymers, a Michelin Group company and a leader in reinforced polymer technology, has begun operations in its new fabric treatment line in Manheim. In the state-of-the-art facility, technical fabrics and textiles are treated with specialised coatings and procured by clients from sectors such as aerospace, infrastructure, and energy.

Pic: Advanced Infrastructure Technologies
AIT unveils new operating division

25th Feb 2021

Advanced Infrastructure Technologies (AIT), a provider of innovative fibre-reinforced polymer (FRP) composite solutions, has unveiled a new operating division - AIT Manufacturing. The new division adds to AIT’s two existing divisions. With three divisions, AIT can help supply FRP composite solutions from rebar to bridges, and continue innovate in...

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