31st Jul 2023
Finland-based company Metsa Group reported sales of €3,116 million in H1 FY23, down from €3,416 million in H1 FY22. Operating result also fell to €402 million from €589 million. In Q2 FY23, the company saw a similar trend with sales at €1,481 million, down from €1,822 million in Q2 FY22. The company's profitability and cash flow also declined.
31st Jul 2023
Freudenberg Performance Materials has launched a 3D entangled mat production line in Changzhou, China, to supply Enka Solutions for building, industrial, and civil engineering applications in the APAC region. This investment will boost Enka Solutions production capacity and allow Freudenberg to serve customers in various technical markets.
31st Jul 2023
Taiwan’s Dahsheng Chemical (DSC) has launched its Durapontex N-Series at the NE and NW Materials Shows, becoming the first brand to use supercritical foaming technology for insoles at scale. The N-Series foam is fully recyclable. The series offers various densities and rebounds, featuring models like Durapontex N20, demonstrating high resilience.
28th Jul 2023
Mann+Hummel has signed an agreement to acquire a majority stake in Suzhou U-Air Environmental Technology (U-Air). This move strengthens Mann+Hummel's presence in China and Southeast Asia, catering to the increasing demand for air filtration products in the region. The transaction is expected to be completed in 2023, pending regulatory approvals.
28th Jul 2023
Indorama Ventures and Polymateria have been honoured with the INDA Innovation Award for their groundbreaking collaboration in developing Biotransformation technology for wipes. The partnership with Polymateria brings a real-world solution to waste management and aligns with Indorama Ventures' commitment to optimise the earth's resources sustainably.
26th Jul 2023
At the 6th National Conclave on Standards and Regulations, India’s ministry of textiles, FICCI, and BIS highlighted the importance of technical textile standards. New standards were introduced, and HSN codes rationalisation was emphasised. The global technical textiles market, currently at $260 billion, is projected to increase to $325 billion by...
26th Jul 2023
HB Fuller aims to decrease energy, greenhouse gas emissions, waste, and water intensity by 20 per cent and 10 per cent respectively by 2025. As of 2022, the company is on track with these sustainability goals. HB Fuller also published its Scope 3 GHG emissions for the first time and implemented a real-time sustainability data platform across...
24th Jul 2023
The 17th edition of the World of Wipes (WOW) International Conference, organised by Inda, has concluded successfully with a record turnout of more than 495 senior-level leaders. The three-day event featured exhibits, presentations, and Lightning Talks covering various topics like sustainability, supply chain issues, wipes advancements, and more.
21st Jul 2023
Private equity investors Cornerstone Investment Management and Kartesia have jointly acquired Ecowipes Group, a prominent producer of eco-friendly wet wipes. This purchase reflects their commitment to environmental, social, and governance (ESG) investing. Ecowipes is known for pioneering sustainable and biodegradable wet wipes made from natural...