company reports news

21st Aug 2024

First Quality Tissue is expanding by installing two Thru-Air-Dried (TAD) paper machines and converting facilities at a new site. The first machine is set to begin operation in 2027, with the second 18 months later. It will increase capacity, adding to their existing TAD machines in Lock Haven, PA, and Anderson, SC, reflecting their commitment to...

20th Aug 2024

Michelman is expanding its PFAS-free Unyte portfolio, which includes water-based surface modifiers for both woven and nonwoven technical textiles. As regulations against PFAS tighten, Michelman’s Unyte solutions support manufacturers in meeting new standards while maintaining performance, helping advance sustainability in technical textiles.

17th Aug 2024

AmorSui, a PPE brand focused on sustainability, has raised $3.5 million in seed funding from investors like Gold House Ventures and The MBA Fund. Founded by Beau Wangtrakuldee after a chemical-spill accident, AmorSui aims to create reusable, recyclable PPE to reduce the carbon footprint of medical supplies. The funding will accelerate product...

17th Aug 2024

PolyU researchers have developed innovative soft robotic clothing that adapts to ambient temperatures for enhanced protection and comfort in extreme heat. Inspired by natural thermal regulation in pigeons, this clothing features soft actuators embedded with a thermo-responsive fluid, improving thermal resistance and keeping inner temperatures cooler.

16th Aug 2024

Rocket Lab has begun installing a 99-ton automated fibre placement (AFP) machine at its Middle River, MD facility. This machine, the largest of its kind, will automate the production of Neutron rocket's carbon composite structures, including stages and fairings. It features real-time defect detection and will save over 150,000 manufacturing hours.

16th Aug 2024

Spinnova and Valmet have signed an exclusive partnership agreement for Valmet to supply process equipment to Spinnova’s technology customers. The deal aims to reduce fibre production costs and enhance competitiveness but is not expected to impact Spinnova’s 2024 financials significantly. It builds on previous projects and aims to advance fibre...

15th Aug 2024

A study by ifo found that Germany's 2020 VAT reduction on sanitary pads and tampons from 19 to 7 per cent, aimed at reducing tax discrimination, was fully passed on to consumers. However, companies simultaneously raised prices for panty liners, which were not included in the tax cut. This increase has offset the intended financial relief for women.

12th Aug 2024

Finnish company Suominen reported net sales of €232.3 million in H1 FY24, in line with last year. Despite lower sales prices, higher volumes and reduced raw material costs boosted comparable EBITDA to €9.5 million. Q2 FY24 net sales rose 5 per cent to €118.7 million. Profit improved but remained negative at minus €2.9 million for H1 FY24.

12th Aug 2024

Glatfelter Corporation reported a $25.6 million adjusted EBITDA for Q2 2024, up $8.3 million from the previous year. Spunlace segment EBITDA increased by $3.4 million, while composite fibres witnessed a $4.9 million rise despite lower net sales. The company also settled a legal dispute for $6.5 million, expected to be recognised in Q3 2024.