NILIT MAKES ACQUISITION: Nilit, a manufacturer of nylon 6.6 polyamide fibers based in Migdal Ha’emek, Israel, has acquired the U.S. operations of Nylstar. The acquisition gives Nilit a nylon 6.6 plant in Martinsville, Va., and makes the company one of the world’s largest producers of the fiber. Nylstar president Basil B. Walker will become president of Nilit U.S., a new entity.
This story first appeared in the June 2, 2009 issue of WWD. Subscribe Today.
DOW INTRODUCES RE:FLEX4: Dow Fiber Solutions will introduce the latest innovation to its Dow XLA premium stretch fiber at this week’s Denim by Premiere Vision show in Paris. Dow XLA Re:Flex4 is a four-way stretch product that will target the premium denim market. The technology achieves the four-way stretch by putting stretch fiber in both the warp and weft of the fabric. It is also resistant to high-heat and chemical treatments.
TRUCK TONNAGE TANKS: According to the American Trucking Association, tonnage carried in April sank 13.2 percent, representing the largest decline in 13 years. March truck tonnage fell 12.2 percent. Bob Costello, ATA chief economist, said truck freight numbers had not yet hit bottom, and it would likely be “a few more months before this occurs.” About 69 percent of all tonnage is carried by truck in the U.S.
NYK UNVEILS ECO SHIP: Ocean carrier NYK has revealed initial designs for the NYK Super Eco Ship 2030. The ship will be lighter and use a combination of fuel cells, solar cells and wind power. It is estimated the ship could help reduce carbon dioxide emissions by 69 percent per container carried.