Image: Coalition to Close the De Minimis Loophole The Coalition to Close the De Minimis Loophole, representing a broad range of American voices and organizations—including the National Council of Textile Organizations (NCTO)—sent a letter to President Donald Trump March 7 urging him to reinstate a ban on de minimis treatment for China. The letter also [...]
Image: Culp Inc. Culp Inc., a mattress and upholstery fabrics producer for residential and commercial furniture, announced the election of William L. Tyson to its board of directors. Tyson has over 30 years of experience across investment banking and capital markets and has served in executive leadership and strategic development roles for various U.S. banks [...]
Twenty-five percent tariffs on steel and aluminum imports to the U.S. began March 12. In response, Canada has imposed reciprocal tariffs on various U.S. products, including a 25% tariff on steel imports. The country has also increased taxes on tools, computers and servers, sports equipment, display monitors, and cast-iron products.
Image: Everra Stein Fibers, Charlotte, N.C., has announced its rebranding and name change to Everra. This new name represents a shift for the company and reflects its ongoing commitment to sustainability, innovation and leadership in the global PET market. As Everra, the company will continue to serve as a sustainability-focused distribution partner in the PET industry, [...]
Image: NCTO The National Council of Textile Organizations (NCTO), issued the following statement March 7 from NCTO president and CEO Kim Glas regarding President Donald Trump’s one-month suspension of tariffs for qualifying imports under the U.S.-Mexico-Canada Agreement (USMCA). “We sincerely thank President Trump for pausing the 25% penalty tariffs on qualifying imports from Mexico and [...]
President Donald Trump announced March 6 that he would pause the 25% tariffs on U.S. imports from Mexico and Canada covered under the United States-Mexico-Canada Agreement (USMCA) until April 2. The president initially announced a delay in Mexico tariffs in a social media post after a conversation with President Claudia Sheinbaum March 6. Later that [...]
Image: nova-Institute Lars Börger, Ph.D., has been appointed the new co-CEO of nova-Institute. Börger will serve as co-CEO alongside nova-Institute's current CEO, Michael Carus. He officially started his role on March 1. nova-Institute has been driving the transition away from fossil resources in the chemicals, plastics and other materials industries for 30 years. Through research [...]
Imports from Canada and Mexico to U.S. automakers were given a one-month exemption to new tariffs on goods from these two countries, which began March 4. This decision by President Donald Trump comes after a March 5 conversation with three leading U.S. auto manufacturers: Ford, General Motors and Stellantis. The administration indicated this would be [...]
Image: Herculite Herculite Products Inc., Emigsville, Pa., announced that Jennie Hermans has been hired as an assistant controller within the company's accounting group. Hermans will oversee key financial functions in this role, including budgeting, financial reporting, audit and tax compliance, and internal controls. Her experience in accounting leadership roles will be instrumental in strengthening the [...]
Image: MycoWorks MycoWorks, a biotechnology company based in Emeryville, Calif., has released the latest performance data for its mycelium-based biomaterial, Reishi™. The material has also launched commercially on its e-commerce site HERE. Through a collaborative effort between MycoWorks' San Francisco, Calif.-based Innovation Center, and MycoWorks' tannery experts in Igualada, Spain, the company has rolled out Rei-Tanning™ technology. [...]
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