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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

In Q3, Berry Global's operating income rose 13 per cent to $303 million, driven by organic volume growth and cost reductions, despite a 2 per cent decline in net sales to $3.2 billion. The hygiene & specialties division saw a 2 per cent drop in sales but a significant rise in operating income. Berry is advancing its spin-off of the HH&S segment...

5th Aug 2024

Ontex’s H1 2024 revenue rose 3 per cent to €916 million (~$991 million), driven by an 11 per cent increase in adult care sales, which offset declines in baby and feminine care. Volumes rose by 5 per cent, with growth in North America and stable demand in Europe. Ontex’s strategic milestones support revision of revenue growth guidance to 4-5 per...

1st Aug 2024

Andritz’s revenue in the second quarter of 2024 has decreased by 2.2 per cent year-over-year to €2,100.2 mn (~$2265.49 mn). For H1 2024, revenue was €3,986.6 mn (~$4299.95 mn). Despite lower order intake due to reduced large capital investments in Pulp & Paper and Metals, profitability improved slightly. Significant growth was seen in Environment ...

31st Jul 2024

Ministry of Textiles has approved 19 research projects worth ~$2.52 mn under the NTTM. The projects were proposed by leading research institutions including IITs and CSIR. The Indian Textile Minister also reviewed progress on R&D, market development, and skill training under the mission. Key officials from various ministries and industries...

31st Jul 2024

Procter & Gamble reported FY24 net sales of $84 billion, a 2 per cent increase, with organic sales up 4 per cent. Diluted EPS rose 2 per cent to $6.02; core EPS increased 12 per cent to $6.59. Q4 net sales were $20.5 billion, with a 2 per cent rise in organic sales. However, diluted EPS for Q4 fell 7 per cent to $1.27. Net earnings for Q4 were...

30th Jul 2024

Autoneum's first half of fiscal 2024 saw robust revenue growth despite a challenging automotive market. Revenue in Swiss francs increased to CHF 1,212.3 million ($1367.35 million), with notable contributions from Borgers Automotive. Operational improvements boosted EBIT by CHF 20.8 million ($23.46 million) to CHF 65.8 million ($74.21 million).

29th Jul 2024

Rice University engineers have innovatively utilised open-cell foam to create pneumatic logic circuits for soft wearable systems. By harnessing airflow through the foam's porous structure, they enable digital computation, analog sensing, and combined digital-analog control. This approach reduces reliance on traditional electronic components.