textiles accessories news

7th Aug 2023

Edgewell Personal Care's Q3 FY23 results show a 4.2 per cent growth in net sales at $650 million, and a gross profit of $279.7 million, a 16.3 per cent YoY rise. Operating income surged to $85.6 million. The company reported GAAP net earnings of $52.5 million or $1.01 per diluted share. Robust growth was seen across metrics despite minor currency ...

7th Aug 2023

In Q2 FY23, Glatfelter reported net sales of $357 million but a GAAP net loss of $36.6 million due to industry-wide market weakness and customer destocking. Airlaid materials' sales rose, and composite fibres' revenue also increased. Spunlace revenue decreased but EBITDA nearly doubled. The company lowered its full-year EBITDA forecast to...

7th Aug 2023

Believe Diapers is rebranding to Believe Baby and expanding its sustainable product line made from 100 per cent renewable and biodegradable bamboo. The new offerings include toddler training pants, Bottoms Up, launching in Fall 2023. Founder and CEO Joe Masi emphasised the commitment to alleviating diaper shortage with planet-friendly products.

4th Aug 2023

INDA and EDANA, the leading nonwovens trade associations, have collaborated to establish the Quality and Audit Programme (QAP) in the US. It aims to enhance support for the North American absorbent hygiene products and wet wipes industries by streamlining audit processes. QAP intends to become the global quality standard, ensuring high-quality...

3rd Aug 2023

First Quality Enterprises has completed the acquisition of Domtar Corporations' Dryden Mill. The mill will operate as Dryden Fibre Canada, ULC within First Quality Group. There are no planned changes to the mill's employees or operations, and the new owners look forward to growth and strengthening relationships with local communities and partners.

3rd Aug 2023

Safety equipment and solutions provider MSA Safety reported a 20 per cent YoY rise in Q2 FY23 net sales to $447 million, with GAAP operating income at $95 million. Adjusted earnings stood at $72 million or $1.83 per share in Q2 FY23. The company paid off $59 million debt. The protective apparel segment’s revenue also grew 36 per cent in Q2 FY23.

2nd Aug 2023

The ESA and Austrian Space Forum are leading the PExTex project to design spacesuits for the moon’s extreme environment. This includes innovations like high-strength Twaron material, withstanding 2,500 hours of surface use, and a focus on preventing harmful microbial growth. The BACTeRMA project also explores secondary metabolites for antimicrobial ...

1st Aug 2023

Belgium-based company Ontex Group's H1 FY23 revenues soared to €892 million, a 15 per cent YoY increase. Adjusted EBITDA reached €84 million, a 2.1-fold rise YoY, while operating profit was €36 million, a stark contrast to the €84 million loss in H1 FY22. Free cash flow also rebounded to €4 million, compared to a deficit of €59 million in H1 FY22

1st Aug 2023

Procter & Gamble (P&G) reported a net sales rise of 2 per cent to $82 billion in FY23. In Q4 FY23, net sales were up 5 per cent to $20.6 billion, bolstered by robust organic sales growth across all segments. Diluted net EPS grew 2 per cent annually and 13 per cent quarterly. The company’s gross margin in Q4 FY23 increased by 380 basis points.