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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...

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.

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.

25th Jul 2024

Birla Carbon has secured ISCC PLUS certification for its North Bend, US; Hamilton, Canada, and Santander, Spain plants. This achievement underscores their dedication to environmental stewardship and circular practices in producing high-quality carbon-based solutions. With additional certifications planned globally, it aims to set industry standards.

25th Jul 2024

Ontex Group introduces enhanced youth pants aimed at reducing the social impact of adolescent incontinence. Tailored for ages 3 to 15, these pants combine absorbent materials for overnight protection with discreet design for social confidence. Available in Europe initially, they aim to expand globally, reflecting Ontex's commitment to...

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.