leathers news

11th Jan 2023

Switzerland’s Autoneum has signed an agreement to acquire the automotive business of Borgers. The transaction is expected to close in April 2023. The enterprise value paid amounts to €117 million. The transaction will be financed through a new credit facility which is available in addition to the syndicated loan of CHF 350 million renewed in October...

6th Jan 2023

Braskem, a polyolefins producer in the Americas and a market leader and pioneer producer of biopolymers on an industrial scale, has announced the acquisition of Taulman3D, a leading 3D filament supplier of nylon, recycled PETG, and PET filaments to aerospace, automotive, healthcare, industrial, government and higher education professionals worldwide.

4th Jan 2023

Hollingsworth & Vose, a manufacturer of nonwoven materials used in filtration and other applications, will invest $40.2 million to expand its operations in Floyd County, Virginia, the state’s governor Glenn Youngkin has announced. With this move, the company’s facility at 365 Christiansburg Pike Northeast will expand by over 28,000 square feet.

4th Jan 2023

Belgian textile innovator Devan Chemicals will launch Purissimo NTL, a biobased and readily biodegradable allergen control technology, at the Heimtextil trade show in Frankfurt, which will be held from January 10–13, 2023. The technology is based on probiotic encapsulation technology and aims to improve the lives of people who suffer from allergies.

3rd Jan 2023

A team of researchers at the Indian Institute of Technology Delhi’s (IIT-D) SMITA Research Lab has developed a technology for the industrial scale production of nanofibres that is superior to the commercial technologies available. The pilot equipment has been validated in an industrial set-up for producing nanofibres at commercial scale.

30th Dec 2022

Jehong Medical Products (BD) Co Ltd, a China-based company, is setting up a new factory in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone in Chattogram to double its monthly production capacity to around 8 lakh pieces. The new factory will come up on an area of 21,000 sq ft is expected to start operation by the end of next year.

30th Dec 2022

India’s flexible packaging industry is expected to see a subdued revenue growth of 5 per cent in this fiscal, mainly due to falling raw material prices and lower realisation, according to CRISIL Ratings. The industry could also see a decline in operating margin by approximately 500 bps in 2022-23, compared to a growth of around 18 per cent in 2021-22.

28th Dec 2022

The ministry of textiles, Government of India, is inviting research proposals for funding for design, development and manufacturing of machinery, tools, equipment, and testing instruments under the National Technical Textiles Mission (NTTM). The Indian government aims to position the country as the global leader in technical textiles manufacturing.

27th Dec 2022

Shandong Xingdi New Material Co Ltd, which specialises in the production of PP spun-bond nonwoven fabrics, has started a new spun-bond line this month. The new line has an annual capacity to produce 12,000 tonnes of 3.2-metre fabric. The fabric manufactured in the new line would help in meeting the increased demand for making facemasks and protective...