leathers news

11th Apr 2024

Freudenberg's FY23 sales hit €11.9 billion (~$12.76 billion), up 1.3 per cent, with operating profit at €1.1 billion, up 15 per cent. Profit margin improved to 9.1 per cent. Freudenberg India's sales were ₹38.03 billion, with plans to invest ₹3.5 billion in 2024 across Punjab, Karnataka, and Tamil Nadu, highlighting growth and exports nearing ₹8...

10th Apr 2024

Solesis has appointed John Witkowski as the new president & CEO, bringing 30 years of industry experience. He aims to drive strategic priorities, foster customer support, and sustain long-term growth. Formerly of DSM Biomedical, Witkowski's leadership will guide Solesis through its expansion phase in the medical device and biopharmaceutical sectors.

8th Apr 2024

Toray has been recognised by Northrop Grumman for its contributions to national security solutions. Northrop praised Toray for its quality excellence and assistance in manufacturing and distribution goals. Toray expressed pride in serving as a leading material supplier in the US and emphasised its commitment to delivering high-quality composite...

8th Apr 2024

German researchers are developing a virtual encounter system using smart textiles for intensive sensory perception that can appeal to all the senses. The technology can enable ill children in isolation wards feel the closeness of parents' bodies even during virtual visits. It can also make gaming experience more intense through realistic body...

6th Apr 2024

UFlex launches commercial production of poly-condensed polyester chips at its Panipat facility, with an annual capacity of 168,000 metric tons. This move reinforces UFlex's commitment to vertical integration. The plant will supply raw material for BOPET packaging films, catering to both in-house and third-party demands, enhancing India's packaging...

5th Apr 2024

FullCare Medical has inaugurated a $30 million medical garment production facility in Tatu City, Kenya's SEZ, employing 1,800 Kenyans initially and potentially 7,000 in later phases. Leveraging solar technology for sustainability, it targets $60 million in annual exports while serving local needs. Tatu City SEZ offers business benefits like tax...

4th Apr 2024

Belgium-based company Ontex has completed the divestiture of its Algerian operation to Hygianis, concluding a partnership lasting more than two decades. The deal, worth approximately €25 million before taxes and related costs, encompasses Ontex's manufacturing facility in Algeria, its business within the country, and certain export operations.

3rd Apr 2024

Kimberly-Clark has launched a strategic transformation to boost growth, focusing on innovation and a new operating model. Plans include reorganising into three business segments, aiming for over $3 billion in productivity savings, and setting long-term targets for net sales growth and free cash flow generation of at least $2 billion annually.

2nd Apr 2024

Fire-Dex has launched a non-fluorinated moisture barrier for firefighter gear, in collaboration with Stedfast, featuring Stedair Clear. This innovative barrier meets NFPA 1971 standards, offering enhanced breathability and performance. Alongside, Fire-Dex introduces AeroFlex gear with AeroVent Technology and VaporLite Panels to improve firefighter...