27th Jul 2024
Sofidel has signed an agreement to acquire Clearwater Paper Corporation’s tissue business. This acquisition, valued at over $1 billion, includes four US manufacturing facilities and expands Sofidel’s presence in the North American tissue market. The deal enhances Sofidel's technology and sustainability efforts, with the transaction expected to...
26th Jul 2024
Berry Global and Glatfelter have merged HHNF business to form Magnera. The brand aims to innovate and solve challenges with a vast network of 46 manufacturing facilities worldwide, enhancing customer proximity and environmental efficiency. Led by Curt Begle, Magnera will focus on expanding product offerings in polymer and fibre applications.
24th Jul 2024
Kimberly-Clark reported $10.2 billion in H1 FY24 sales, a decrease of 1 per cent, with 5 per cent organic growth. The company’s operating profit was $1.5 billion, adjusted to $1.7 billion. EPS in H1 FY24 rose to $3.52 from $1.97, with adjusted EPS at $3.97. In Q2 FY24, sales were $5 billion, down 2 per cent, but organic sales grew 4 per cent.
24th Jul 2024
Hospeco Brands Group acquires SSE, including The Safety Zone and Impact Products, through a Delaware bankruptcy court. The move enhances their market presence in sanitary supply and industrial safety, offering a comprehensive range of products to various sectors. The integration ensures continuity for SSE's customers, vendors, and employees.
22nd Jul 2024
Essity reported a 1.2 per cent decline in Q2 FY24 net sales to SEK 36.617 billion (~$4.37 billion). EBITA rose 27 per cent to SEK 5.237 billion. Excluding IAC, EBITA increased 17 per cent. ROCE improved to 17.9 per cent, and operating cash flow grew 14 per cent. Profit surged to SEK 3.333 billion, with EPS from continuing operations rising to SEK ...
19th Jul 2024
Soft N Dry Diapers Corp has launched tree-free disposable baby diapers across France, Germany, and the United Kingdom under white label arrangements. These eco-friendly products comply with the EU Deforestation-Free Regulation (EUDR) era, effective from January 1, 2025, which is aimed at eliminating deforestation-related materials in diapers.
19th Jul 2024
Craig Slavtcheff has been appointed as the new chief research and development officer of Kimberly-Clark, succeeding Robert Long. Slavtcheff brings more than 30 years of R&D experience in the CPG industry, previously serving at Campbell Soup Company. Slavtcheff’s expertise includes driving innovation through consumer insights and technology.
16th Jul 2024
INDA and NWI have expanded their collaboration to offer comprehensive training courses for the nonwovens industry. Based at North Carolina State University, these courses combine classroom instruction with practical sessions in NWI’s labs. The partnership aims to meet evolving industry needs, focusing on topics like sustainability and tech...
15th Jul 2024
Registration opens for RISE 2024 (Research, Innovation & Science for Engineered Fabrics). Scheduled for October 1-2, 2024, at North Carolina State University, the RISE programme will cover disruptive innovation, natural fibres, sustainability in chemistry, and advanced recycling methods. Pre-event webinars highlight technological advancements.