textiles technology organization news

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.

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.

31st Jul 2023

Houston University researchers have created a prototype of a stretchable fabric-based lithium-ion battery. Led by professor Haleh Ardebili, the team converted rigid electrodes into flexible, stretchable forms, enhancing the prospects for wearable tech. Utilising conductive silver fabric, the new batteries overcome conventional rigidity and fire...

31st Jul 2023

Finland-based company Metsa Group reported sales of €3,116 million in H1 FY23, down from €3,416 million in H1 FY22. Operating result also fell to €402 million from €589 million. In Q2 FY23, the company saw a similar trend with sales at €1,481 million, down from €1,822 million in Q2 FY22. The company's profitability and cash flow also declined.

31st Jul 2023

Freudenberg Performance Materials has launched a 3D entangled mat production line in Changzhou, China, to supply Enka Solutions for building, industrial, and civil engineering applications in the APAC region. This investment will boost Enka Solutions production capacity and allow Freudenberg to serve customers in various technical markets.

31st Jul 2023

Braskem, located in Brazil, has increased the production capacity of its bio-based ethylene plant by 30 per cent through an $87 million investment. The plant now operates at 260,000 tons/year and produces bio-based ethylene from sugarcane-based ethanol, contributing to carbon neutrality. Braskem aims to produce one million tons of biopolymers by...