educational institute

9th May 2023

Berry has reported a decline in net sales to $3.3 billion for Q2 FY23, primarily due to volume decline and decreased selling prices. The company’s operating income was $301 million and earnings per share was $1.42 under GAAP standards. Adjusted earnings per share were $1.96. All the company’s segments saw a decline in net sales in Q2 FY23.

8th May 2023

Finland-headquartered Ahlstrom has announced that it has appointed Wouter Hut as a member of its executive management team, with effect from June 1. Hut currently serves as the chief procurement officer at Ahlstrom and has been with the company since 2021. In his new role, Hut will be responsible for leading the procurement operations of the company.

5th May 2023

Konraad Dullaert has been appointed as the EVP for science, innovation and sustainability at Ahlstrom, effective June 1. In this role, he will be responsible for overseeing innovation, sustainability, commercial excellence and marketing. His appointment reflects Ahlstrom's focus on advancing sustainability and innovation in its business operations.

5th May 2023

Andritz, an international technology group, has announced the successful start-up of a new velour loom at Foss Floors in Rome, United States (GA). The loom is designed to produce high-quality flooring made from recycled plastic, and the start-up occurred in early 2023. The 5.3 m loom, which is of type SDV, was delivered by Andritz to Foss Floors.

5th May 2023

Ashland expects weaker global demand dynamics to affect its sales in the range of $2.3 billion to $2.4 billion in FY23. Adjusted EBITDA is projected to range from $580 million to $610 million. Ashland has initiated inventory-control actions to reduce inventories for certain product lines, which may negatively impact adjusted EBITDA by $20 million in...

5th May 2023

Ontex Group has announced the completion of its divestment of its Mexican business activities to Softys, a personal hygiene company that is a wholly-owned subsidiary of Empresas CMPC. The transaction includes Ontex's manufacturing facility in Puebla, Mexico, its branded business in Mexico, and all related exports to certain regional markets.

4th May 2023

Sanjiv Bhaskar, vice-president of research at Frost & Sullivan, has been announced as a keynote speaker at the PCIAW Summit & Exhibition 2023. As a well-known expert in the field of research, his insights are sure to provide valuable knowledge and insights. It is an important event for the uniform, workwear and personal protective equipment markets.

4th May 2023

Andritz will be showcasing its nonwovens production and textile-recycling solutions at ITMA from June 8-14, 2023. The company offers products and services in the industrial digitalisation sector under the brand name Metris. Andritz's chemical/circular textile recycling technologies, fibre preparation, and ADuro F fine grinder will also be showcased.

4th May 2023

Ashland reported Q2 FY23 sales of $603 million, consistent with the prior-year quarter. Net income was $91 million, down from $786 million in Q2 FY22. The personal care segment sales were down three per cent, and the specialty additives segment sales were down 12 per cent from Q2 FY22. Adjusted EBITDA was $145 million, down 11 per cent from Q2 FY22.