Kellwood Co, one of the largest U.S. apparel makers, said that it was trying to extend the maturity date of $140 million in bonds after Deutsche Bank, the largest holder of the securities, chose not to be part of an exchange offer.
Specialist materials group Low & Bonar Plc posted a 14 percent fall in first-half adjusted pretax profit mainly on lower sales from the automotive and truck markets, and said it did not plan to pay an interim dividend.
Britain's Croda, manufacturer of ingredients for cosmetics and personal care products, is to close its Wilton manufacturing site following a decision by Dow Chemical to close an adjoining facility which produced a key raw material.
Japanese scientists said they had developed a surgical 'nano-sheet' that can patch up internal wounds and later dissolves inside the body. Fujie said the inventors were also thinking of other possibilities - including in cosmetic use.
A week after troops ousted the Honduran president at gunpoint, factory owner Roberto Cardona watches his industrial bobbins spinning thousands of threads into T-shirt fabric and frets fickle clients will pull orders if the crisis deteriorates.
India's textile industry was left disappointed after the budget on Monday 6 July as key demands were not met despite some positive announcements for the export-oriented sector, sending shares of textile firms down.
Bangladesh's main export earner has been rocked by the global economic downturn which has brought runaway growth to a juddering halt and this week prompted violent protests over wage cuts by tens of thousands of garment workers.
Triumph is launching a large cost-reduction programme and as a result emotion is running high in Thailand and the Philippines, where more than 3,600 jobs have been cut following a plunge in the company’s international demand.