handloom news

12th Aug 2024

Finnish company Suominen reported net sales of €232.3 million in H1 FY24, in line with last year. Despite lower sales prices, higher volumes and reduced raw material costs boosted comparable EBITDA to €9.5 million. Q2 FY24 net sales rose 5 per cent to €118.7 million. Profit improved but remained negative at minus €2.9 million for H1 FY24.

12th Aug 2024

Glatfelter Corporation reported a $25.6 million adjusted EBITDA for Q2 2024, up $8.3 million from the previous year. Spunlace segment EBITDA increased by $3.4 million, while composite fibres witnessed a $4.9 million rise despite lower net sales. The company also settled a legal dispute for $6.5 million, expected to be recognised in Q3 2024.

9th Aug 2024

Toray Industries reported a 10.3 per cent YoY rise in Q1 FY25 revenue to ¥637.7 billion (~$4.4 billion), with core operating income up 67.8 per cent to ¥36.8 billion. Profit surged 92.6 per cent to ¥26.9 billion. The fibres and textiles segment grew 9.4 per cent, performance chemicals rose 12.5 per cent, and carbon fibre materials saw a 13 per cent ...

9th Aug 2024

Tighties has launched leggings designed for pain relief, muscle strengthening, and active recovery. Featuring the BOA Fit System and Tighties Strapping System, the leggings offer superior compression and muscle engagement. The Challenger Resistance and Energizer Compression leggings are now available, with The Stabilizer Leggings coming later.

8th Aug 2024

CloroxPro has expanded its Clorox EcoClean line with new disinfecting wipes made from 100 per cent plant-based materials and a naturally-derived citric acid. Certified by DfE, these wipes kill 99.9 per cent of germs without bleach, ammonia, or alcohol, and use 38 per cent less plastic. They are ideal for shared spaces and align with sustainability...

7th Aug 2024

Edgewell Personal Care reported Q3 FY24 net sales of $647.8 million, down 0.3 per cent YoY, with a $6.2 million currency impact. Organic net sales rose 0.6 per cent. Gross profit increased to $287.1 million, with gross margin up 120 basis points to 44.3 per cent. Operating income was $82.7 million. Net income was $49.0 million, or $0.98 per share.

7th Aug 2024

Vanessa Hellwing will join Andritz AG’s executive board as CFO on March 28, 2025, succeeding Norbert Nettesheim, who is retiring after 36 years with the company. Hellwing, currently CFO at Viessmann Climate Solutions SE, brings over two decades of financial leadership experience. CEO Joachim Schönbeck praised Nettesheim’s contributions and welcomed ...

7th Aug 2024

Soft N Dry Diapers Corp has introduced Tree Free diapers in California via its white label partner, ecoSoft Diapers & Materials LLC. The ecoSoft brand eliminates tree fibres, offering an eco-friendly option in the $60 billion diaper market. This launch is notable for California and also expands the brand's reach to national retailers in Mexico.

6th Aug 2024

Hollingsworth & Vose has launched PlusZero, a new line of filtration and energy storage solutions free from PFAS. This eco-friendly line maintains high performance and affordability, reflecting the company's commitment to sustainability and innovation. The company aims to lead with solutions that are both environmentally responsible and...