Swatches: Spending More in ’04 … More BASF Phaseouts … ATMI’s Global Thinking
SPENDING MORE IN '94: A new Commerce Department report said textile manufacturers surveyed in April and May indicated they expect to spend an average of 7.4 percent more on plant and equipment in 1994 than they did in...
SPENDING MORE IN '94: A new Commerce Department report said textile manufacturers surveyed in April and May indicated they expect to spend an average of 7.4 percent more on plant and equipment in 1994 than they did in 1993.
The report said an estimated $2.44 billion would be spent on plant and equipment this year, versus $2.27 billion in 1993.
The figure is also up from a poll taken in January, February and March, when textile producers forecast an increase of only 3.9 percent in plant and equipment spending this year.
"Things in the industry were a little bit slow toward the end of last year, but new orders and shipments picked up significantly, so you can see how the second-quarter survey would reflect those improved conditions," said David Link, chief economist with the American Textile Manufacturers Association.
Manufacturers probably also are feeling the impact of the North American Free Trade Agreement, which went into effect Jan. 1, Link said, adding that NAFTA's tariff reductions have spurred textile exports to Mexico.
MORE BASF PHASEOUTS: BASF Corp. will phase out production of nylon hosiery yarn and nylon staple fibers for carpet at its Lowland, Tenn., plant by mid-August, the company said. There are now 316 employees at the plant. Virtually all will be affected by the shutdown.
"The decision to close the operation was based on several years of unprofitability at Lowland, along with a detailed study of market conditions," said Werner Burgert, president of BASF's fiber products division.
BASF said it will continue to supply certain nylon hosiery yarns and staple fibers for carpet from its plants at Anderson, S.C.
Although BASF wouldn't divulge fiber capacities at specific sites, a spokeswoman confirmed that the company produces about 165 million pounds of nylon staple and some 60 million pounds of textile filament nylon, which includes nylon hosiery yarn.
The company also said it will continue to operate the polyester chip, nylon polymer and bicomponent businesses at Lowland. These operations employ slightly more than 400.
The most recent fiber phaseout at Lowland is the third in the last two years there by BASF. BASF acquired the plant when it purchased American Enka Co. in 1985.In July 1992, BASF sold its rayon business there to Lenzing Fibers Corp., and, as reported, it will stop polyester filament production there by the end of this month.
ATMI'S GLOBAL THINKING: The president of the American Textile Manufacturers Institute has urged the domestic textile industry to "think globally and make a commitment to exporting a certain percentage of production each year."
Addressing the Southern Textile Association at its annual meeting at Hilton Head Island, S.C., William J. Armfield 4th, vice chairman of Unifi, told the group, "We need to think of our business as it relates to the way we market our products from a global standpoint. For the textile industry to be profitable, we need to be the best that we can be around the world."
Armfield told the 415 or so gathered at the Hyatt Hotel in Hilton Head that the U.S. textile industry "can compete with anybody."
He urged the industry to introduce intense research efforts, emphasize education and be proactive on environmental and safety issues.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)