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Jehong Medical to double its capacity in Bangladesh

30th Dec 2022

Jehong Medical Products (BD) Co Ltd, a China-based company, is setting up a new factory in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone in Chattogram to double its monthly production capacity to around 8 lakh pieces. The new factory will come up on an area of 21,000 sq ft is expected to start operation by the end of next year.

Pic: Shutterstock
India’s flexible packaging sector to grow by 5% in FY23: CRISIL

30th Dec 2022

India’s flexible packaging industry is expected to see a subdued revenue growth of 5 per cent in this fiscal, mainly due to falling raw material prices and lower realisation, according to CRISIL Ratings. The industry could also see a decline in operating margin by approximately 500 bps in 2022-23, compared to a growth of around 18 per cent in 2021-22.

Pic: Shandong Xingdi New Material Co Ltd
Xingdi New Material starts new spun-bond line in China

27th Dec 2022

Shandong Xingdi New Material Co Ltd, which specialises in the production of PP spun-bond nonwoven fabrics, has started a new spun-bond line this month. The new line has an annual capacity to produce 12,000 tonnes of 3.2-metre fabric. The fabric manufactured in the new line would help in meeting the increased demand for making facemasks and protective...

Pic: Shutterstock/ Sony Ho
India’s airbag market to rise to ₹6K-7K cr by FY2027: ICRA

27th Dec 2022

India’s airbag industry is projected to grow to ₹6,000-7,000 crore by fiscal (FY) 2027, from the current levels of ₹2,400-2,500 crore, at a 4-year compound annual growth rate (CAGR) of 25-30 per cent, as per ICRA. The airbag industry is one of the fastest growing auto component segments and is expected to benefit from the increase in content per...

Pic: Andritz
Sweden’s Renewcell produces new fibre material with Andritz

23rd Dec 2022

Sweden’s Renewcell has produced a fibre material with the ADuro textile fibre preparation system from Andritz at its new site in Sundsvall, Sweden. Renewcell applies the process to produce pure dissolving pulp from 100 per cent textile waste. The product is finally transformed by Renewcell’s customers into new garments for the circular clothing...

Pic: Shutterstock/ Archroma
Switzerland’s Archroma gets EcoVadis Platinum rating for second year

22nd Dec 2022

Switzerland’s Archroma has announced the renewal of its EcoVadis ‘Platinum’ status and further improvement of its overall rating. The company has consolidated its position amongst the top one per cent best-rated companies. Archroma is a provider of specialty chemicals serving the branded and performance textiles, packaging paper, and coatings market.

Amy Reardon. Pic: INDA
US’ Web Industries names Amy Reardon Doherty as VP, legal

22nd Dec 2022

US’ Web Industries, a manufacturing partner in aerospace, medical, home care, and industrial markets, has named Amy Reardon Doherty as vice president, legal. Over her career, Doherty has advised executives and business partners on many legal, financial, IP, and business issues. Web Industries provides precision converting and outsource manufacturing.

Pic: INDA
Andritz hosts customer day for absorbent hygiene products in Italy

22nd Dec 2022

Austria’s Andritz recently organised a customer day dedicated to the absorbent hygiene products value chain. The event took place at the Andritz Diatec premises in Pescara, Italy, with several key players from the nonwovens industry that came from all over Europe and beyond. Andritz is a leader in pulp, paper, metals, hydro, and separation.

Pic: 3M
US’ 3M to exit PFAS manufacturing by the end of 2025

22nd Dec 2022

US’ 3M is set to exit per- and polyfluoroalkyl substance (PFAS) manufacturing and discontinue using PFAS by the end of 2025. 3M’s decision is based on an evaluation of the evolving external landscape, including accelerating regulatory trends focused on reducing or eliminating the presence of PFAS in the environment and changing stakeholder expectations.

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