18th Sep 2024
Branford Castle Partner's Fund II has successfully sold Clean Solutions Group (CSG), marking its first exit and returning approximately 103 per cent of all capital invested. CSG saw significant growth during Branford's four-year ownership, quadrupling EBITDA. This partnership has facilitated strategic acquisitions and facility expansions.
18th Sep 2024
Andritz has successfully commissioned Quimicolor's first spunlace factory in Colombia. This state-of-the-art facility, capable of processing synthetic and natural fibers, features a high-speed TT card with a capacity of 10,000 tonnes per year. The project, initiated during the pandemic, enhances local production, reduces imports, and supports job...
17th Sep 2024
Freudenberg Apparel has launched the Film Bonding series for advanced sew-free bonding, enhancing garment durability and comfort. The new series introduces an oval net structure, complementing existing patterns for diverse applications. These innovations, featuring TPE and TPU variants, offer enhanced softness, elasticity, and bond strength.
12th Sep 2024
Andritz has secured an order from Essity to deliver a PrimeDry YES system for a tissue machine at its Stubbins, England mill, with start-up planned for Q4 2024. The system will reduce steam costs and CO2 emissions by utilising exhaust air, integrating seamlessly into the machine’s control system. This marks the 39th PrimeDry YES delivered globally.
11th Sep 2024
Welspun Living has partnered with Avgol Industries to enhance sustainability in non-woven fabrics using Polymateria’s Biotransformation tech. This collaboration aims to tackle plastic waste by developing biodegradable wipes and other materials. The partnership reflects a commitment to innovative, eco-friendly solutions in response to global...
10th Sep 2024
Berry Global has appointed James T Glerum, Jr. to its board of directors. Glerum, former VC at Citigroup and veteran of UBS and Credit Suisse, brings extensive experience in investment banking and corporate finance. With a career spanning 40 years and over $500 billion in transactions, his expertise will enhance Berry’s board in capital allocation.
9th Sep 2024
Finnish company Suominen has achieved a gold medal in EcoVadis' 2024 assessment, advancing from silver and ranking in the top 1 per cent of its industry and the top 5 per cent overall. This improvement reflects better performance in environment, labour & human rights, and sustainable procurement, driven by new policies and enhanced reporting.
9th Sep 2024
INDA has announced the finalists for the 2024 RISE Innovation Award, with presentations on October 1 and the winner revealed on October 2. The finalists are Ahlstrom Italia SpA’s dual-layer filtration media, Berry Global’s ENDURA rPP Spunbond & SMS with high recycled content, and Hempitecture Inc’s PlantPanel X, a sustainable insulation material.
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...