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Suominen appoints shareholders’ nomination board representatives
Suominen appoints shareholders’ nomination board representatives

9th Sep 2024

Suominen’s three largest shareholders have appointed Jyrki Vainionpää, Mikael Etola, and Peter Seligson to the shareholders’ nomination board. Charles Héaulmé, Suominen’s board chair, will also serve on the board. The nomination board will propose the board of directors' number, composition, and remuneration by February 1 before the annual general...

India to exceed $10 bn technical textiles export target by 2030: Singh
India to exceed $10 bn technical textiles export target by 2030: Singh

7th Sep 2024

Minister of Textiles Giriraj Singh expressed confidence that India will exceed $10 billion export target for technical textiles by 2030. Speaking at the ‘Viksit Bharat: Technical Textiles for Sustainable Growth & Development’ conference in New Delhi, Singh highlighted government initiatives like the National Technical Textiles Mission (NTTM) and PLI...

Germany’s Evonik finalises sale of Superabsorbents unit to ICIG
Germany’s Evonik finalises sale of Superabsorbents unit to ICIG

4th Sep 2024

Evonik has completed the sale of its superabsorbents business unit to International Chemical Investors Group, effective August 31, 2024. The unit, which had ~$985 million in sales in 2023 and about 1,000 employees, produces polymers used in hygiene products. This sale is part of Evonik's strategy to focus on high-margin, green transformation...

US’ Albany International appoints new president of machine clothing
US’ Albany International appoints new president of Machine Clothing

3rd Sep 2024

Albany International has appointed Merle Stein as president of its Machine Clothing segment, effective September 1, 2024, succeeding Daniel Halftermeyer. Stein, who has extensive experience in the paper and pulp industries and Machine Clothing business, has previously served as division COO. Halftermeyer will focus on integrating the Heimbach...

Autoneum opens new production facility in Pune
Autoneum opens new production facility in Pune

30th Aug 2024

Autoneum has opened a new 7,500-square-metre production facility in Pune, enhancing its presence in the automotive market. The plant will produce noise-reducing components, including Hybrid-Acoustics PET felts for e-motor encapsulation. This facility complements Autoneum's existing plants in Behror and Chennai and aligns with the company's growth...

Ontex to launch baby pants with Dreamshield 360° tech across Europe
Ontex to launch baby pants with Dreamshield 360° tech across Europe

30th Aug 2024

Ontex Group has launched its newest baby pants featuring Dreamshield 360° technology in Germany, with plans to expand further. These pants offer a unique pee & poo back barrier, 360° fit, and triple leakage barriers for superior protection and comfort. Consumer panels and studies also show high satisfaction with absorption, dryness, and fit.

Cygnet Texkimp to showcase DEECOM recycling solution at ICS in UK
Cygnet Texkimp to showcase DEECOM recycling solution at ICS in UK

30th Aug 2024

A DEECOM composites recycling solution by Cygnet Texkimp, commissioned by the Henry Royce Institute, will be featured at the International Composites Summit (ICS) in Milton Keynes from September 4-5. This lab-scale unit, set to be installed at the University of Manchester, uses pressurised steam to reclaim fibres and resins from composites.

HandCraft Services to invest $59 million in Berkeley County
HandCraft Services to invest $59 mn in Berkeley County, US

30th Aug 2024

HandCraft Services is investing $59 million to establish 2 new facilities in Berkeley County, generating 220 jobs. The first plant will open in 2025 and the second in 2026. This investment highlights West Virginia's emerging status as a business and healthcare hub. It manages over 110 million pounds of linen annually for hospitals and medical...

Armor Matrix Systems unveils GEN7-IIIA-PP soft ballistic panel system
Armor Matrix Systems unveils GEN7-IIIA-PP soft ballistic panel system

29th Aug 2024

Armor Matrix Systems has introduced the GEN7-IIIA-PP soft ballistic panel, certified by NIJ at Threat Level IIIA. Utilising advanced PERAPLUS-GEN7 fabric, the panel is lightweight, flexible, and provides superior protection with a V50 Ballistic Limit of 1934 ft/s. The company is offering free samples to law enforcement agencies and qualified...

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