textiles technology organization news

8th May 2023

Glatfelter's sales in the first quarter were $378 million, slightly lower than the $381 million in the first quarter of 2022. However, the company has taken steps to position itself for growth and improve its long-term strategy. The recent refinancing transactions have provided them with greater financial flexibility and a well-capitalised position.

5th May 2023

Konraad Dullaert has been appointed as the EVP for science, innovation and sustainability at Ahlstrom, effective June 1. In this role, he will be responsible for overseeing innovation, sustainability, commercial excellence and marketing. His appointment reflects Ahlstrom's focus on advancing sustainability and innovation in its business operations.

5th May 2023

Ashland expects weaker global demand dynamics to affect its sales in the range of $2.3 billion to $2.4 billion in FY23. Adjusted EBITDA is projected to range from $580 million to $610 million. Ashland has initiated inventory-control actions to reduce inventories for certain product lines, which may negatively impact adjusted EBITDA by $20 million in...

5th May 2023

Ontex Group has announced the completion of its divestment of its Mexican business activities to Softys, a personal hygiene company that is a wholly-owned subsidiary of Empresas CMPC. The transaction includes Ontex's manufacturing facility in Puebla, Mexico, its branded business in Mexico, and all related exports to certain regional markets.

4th May 2023

Sanjiv Bhaskar, vice-president of research at Frost & Sullivan, has been announced as a keynote speaker at the PCIAW Summit & Exhibition 2023. As a well-known expert in the field of research, his insights are sure to provide valuable knowledge and insights. It is an important event for the uniform, workwear and personal protective equipment markets.

4th May 2023

Andritz will be showcasing its nonwovens production and textile-recycling solutions at ITMA from June 8-14, 2023. The company offers products and services in the industrial digitalisation sector under the brand name Metris. Andritz's chemical/circular textile recycling technologies, fibre preparation, and ADuro F fine grinder will also be showcased.

4th May 2023

Ashland reported Q2 FY23 sales of $603 million, consistent with the prior-year quarter. Net income was $91 million, down from $786 million in Q2 FY22. The personal care segment sales were down three per cent, and the specialty additives segment sales were down 12 per cent from Q2 FY22. Adjusted EBITDA was $145 million, down 11 per cent from Q2 FY22.

4th May 2023

Fashion On Demand by Lectra, a major global player in the fashion, automotive and furniture markets, is a very powerful solution that can help Fire-Dex streamline its manufacturing processes and improve its competitiveness. With the supply chain disruptions, it's become more important for companies to be agile and efficient in their operations.

2nd May 2023

American firm Ashland Inc has appointed James Minicucci as the Senior Vice President (SVP) of strategy, mergers and acquisitions (M&A), and portfolio management. He will report to Ashland's CEO, Guillermo Novo. Minicucci previously served as the SVP of Global Specialty Gases at Merck KGaA and has held leadership positions at several other companies.