31st Jul 2023
Taiwan’s Dahsheng Chemical (DSC) has launched its Durapontex N-Series at the NE and NW Materials Shows, becoming the first brand to use supercritical foaming technology for insoles at scale. The N-Series foam is fully recyclable. The series offers various densities and rebounds, featuring models like Durapontex N20, demonstrating high resilience.
28th Jul 2023
Mann+Hummel has signed an agreement to acquire a majority stake in Suzhou U-Air Environmental Technology (U-Air). This move strengthens Mann+Hummel's presence in China and Southeast Asia, catering to the increasing demand for air filtration products in the region. The transaction is expected to be completed in 2023, pending regulatory approvals.
26th Jul 2023
At the 6th National Conclave on Standards and Regulations, India’s ministry of textiles, FICCI, and BIS highlighted the importance of technical textile standards. New standards were introduced, and HSN codes rationalisation was emphasised. The global technical textiles market, currently at $260 billion, is projected to increase to $325 billion by...
26th Jul 2023
HB Fuller aims to decrease energy, greenhouse gas emissions, waste, and water intensity by 20 per cent and 10 per cent respectively by 2025. As of 2022, the company is on track with these sustainability goals. HB Fuller also published its Scope 3 GHG emissions for the first time and implemented a real-time sustainability data platform across...
24th Jul 2023
The 17th edition of the World of Wipes (WOW) International Conference, organised by Inda, has concluded successfully with a record turnout of more than 495 senior-level leaders. The three-day event featured exhibits, presentations, and Lightning Talks covering various topics like sustainability, supply chain issues, wipes advancements, and more.
21st Jul 2023
Private equity investors Cornerstone Investment Management and Kartesia have jointly acquired Ecowipes Group, a prominent producer of eco-friendly wet wipes. This purchase reflects their commitment to environmental, social, and governance (ESG) investing. Ecowipes is known for pioneering sustainable and biodegradable wet wipes made from natural...
21st Jul 2023
Swedish company Essity reported a 20.2 per cent surge in net sales to SEK 86,856 million in H1 FY23. The company’s EBITA increased by 101 per cent to SEK 8,660 million, and profits rose 139 per cent to SEK 5,254 million. Adjusted EBITA increased 51 per cent to SEK 9,059 million in H1 FY23 and adjusted EPS increased 46 per cent to SEK 8.31.
20th Jul 2023
Drylock US has successfully launched new discreet and consumer-preferred adult underwear with patented anti-leak channels. The innovative 3-channel core system ensures even liquid distribution for enhanced leakage protection and comfort. Drylock is the first US private label manufacturer to introduce this advanced technology in adult underwear.
20th Jul 2023
Essity has completed the divestment of its business in Russia following its decision to exit the market. The company began the process in April 2022 and incurred an impairment of approximately SEK 1.7 billion. The net sales in Russia accounted for about 2 per cent of Essity's total consolidated net sales in 2022. The buyer is New Technologies,...