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7th Aug 2023

Germany-headquartered Gessner's sustainable Thermoplastic Polyurethane (TPU) carrier materials have gained popularity as a preferred option for artificial leather applications in automotive and textile industries. TPU offers durability, elasticity, and resistance to oil and abrasion, making it an attractive alternative to natural leather.

7th Aug 2023

Believe Diapers is rebranding to Believe Baby and expanding its sustainable product line made from 100 per cent renewable and biodegradable bamboo. The new offerings include toddler training pants, Bottoms Up, launching in Fall 2023. Founder and CEO Joe Masi emphasised the commitment to alleviating diaper shortage with planet-friendly products.

3rd Aug 2023

First Quality Enterprises has completed the acquisition of Domtar Corporations' Dryden Mill. The mill will operate as Dryden Fibre Canada, ULC within First Quality Group. There are no planned changes to the mill's employees or operations, and the new owners look forward to growth and strengthening relationships with local communities and partners.

3rd Aug 2023

Safety equipment and solutions provider MSA Safety reported a 20 per cent YoY rise in Q2 FY23 net sales to $447 million, with GAAP operating income at $95 million. Adjusted earnings stood at $72 million or $1.83 per share in Q2 FY23. The company paid off $59 million debt. The protective apparel segment’s revenue also grew 36 per cent in Q2 FY23.

2nd Aug 2023

The ESA and Austrian Space Forum are leading the PExTex project to design spacesuits for the moon’s extreme environment. This includes innovations like high-strength Twaron material, withstanding 2,500 hours of surface use, and a focus on preventing harmful microbial growth. The BACTeRMA project also explores secondary metabolites for antimicrobial ...

1st Aug 2023

Belgium-based company Ontex Group's H1 FY23 revenues soared to €892 million, a 15 per cent YoY increase. Adjusted EBITDA reached €84 million, a 2.1-fold rise YoY, while operating profit was €36 million, a stark contrast to the €84 million loss in H1 FY22. Free cash flow also rebounded to €4 million, compared to a deficit of €59 million in H1 FY22

1st Aug 2023

Procter & Gamble (P&G) reported a net sales rise of 2 per cent to $82 billion in FY23. In Q4 FY23, net sales were up 5 per cent to $20.6 billion, bolstered by robust organic sales growth across all segments. Diluted net EPS grew 2 per cent annually and 13 per cent quarterly. The company’s gross margin in Q4 FY23 increased by 380 basis points.

31st Jul 2023

Houston University researchers have created a prototype of a stretchable fabric-based lithium-ion battery. Led by professor Haleh Ardebili, the team converted rigid electrodes into flexible, stretchable forms, enhancing the prospects for wearable tech. Utilising conductive silver fabric, the new batteries overcome conventional rigidity and fire...

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.