13th Jun 2023
Healthcare company Essity is divesting its operations in Russia, with a deal approved by Russian authorities set to finalise in Q2 2023. The move follows Essity's 2022 decision to exit the Russian market, resulting in an asset impairment of around SEK 1.7 billion. Russian operations constituted around 2 per cent of Essity's total net sales in 2022.
13th Jun 2023
Autoliv has unveiled a passenger airbag module based on Bernoulli's principle. The module efficiently inflates larger airbags, reducing development time and cost. By utilising pressure differences, Autoliv leverages surrounding air to inflate airbags in electric vehicles. The airbag generates less heat, is lighter and reduces customer development...
9th Jun 2023
India’s ministry of textiles has approved 20 R&D projects, valued at ?61.09 crore. Minister Piyush Goyal has emphasised the need for research and innovation in technical textiles, which could offer alternatives in sectors like aviation and infrastructure. He also advocated for wider collaboration between various ministries to promote NTTM.
6th Jun 2023
Domtar's Engineered Absorbent Materials (EAM) facility in Jesup, has successfully completed a significant project worth $90 mn. The project involved the addition of a large-scale airlaid production line to the facility, which has positioned Domtar as a prominent provider of nonwoven materials. The expansion enhances Domtar's production capabilities.
6th Jun 2023
Indian textiles industry has shown strong performance in technical textiles, replacing over 95 per cent of imported protective textiles. However, consumer trust in medical and automotive textile products remains low, leading to a reliance on imports. From Apr 2022 to Jan 2023, meditech exports increased 59 per cent and geotech textiles dropped 44...
6th Jun 2023
Emtec Electronic will showcase its revamped TSA Tactile Sensation Analyzer at the World of Wipes Conference in Atlanta, July 2023. The device measures and digitises haptic properties of materials, such as softness, smoothness, and elasticity, surpassing human touch limitations. The TSA also captures high-resolution images of samples for easy...
6th Jun 2023
Niine Sanitary Napkins has launched India's first CIPET-certified PLA-based biodegradable sanitary pads. Decomposing over 90 per cent in 175 days, these pads offer high absorption and comfort without harmful chemicals. This move addresses India's significant sanitary waste issue, prioritising environmental responsibility and public health.
5th Jun 2023
Janne Silonsaari is the chief financial officer (CFO) of Suominen Corporation. He was selected for the role on March 6, 2023. Born in 1980, Silonsaari holds a master's degree in economics and business administration. Before joining Suominen, he worked at Kemira Oyj for 16 years, where he held various positions in business controlling and leadership.
5th Jun 2023
Glatfelter Corporation has decided to close its Ober-Schmitten facility in Germany. This closure is a result of the ongoing financial underperformance of the facility's electrical and glassine specialty papers. The company has implemented this action as part of its broader turnaround strategy, which focuses on improving the overall financial...