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31st Jan 2023

Sweden-based global hygiene and health company Essity has reported 28.2 per cent year-on-year growth in net sales to SEK 156,173 million in fiscal 2022 (FY22). The company’s sales growth, including organic sales growth and acquisitions, amounted to 17.7 per cent. Adjusted EBITA amounted to SEK 13,058 million and the adjusted EBITA margin to 8.4 per...

30th Jan 2023

Germany’s Voith has acquired shares in the sustainability start-up Yangi, headquartered in Varberg, Sweden. Yangi’s ground-breaking technology emerges from ten years of R&D within its sister company, The Loop Factory, which focuses on the megatrends of sustainability and circular economy. Yangi manufactures next-generation fibre-based solutions.

29th Jan 2023

India’s ministry of textiles has cleared 15 R&D projects worth around ₹32.25 crores across key areas such as speciality fibre, protective textiles, high-performance textiles, geotextiles, medical textiles, sustainable textiles, and textiles for building materials during the 5th Mission Steering Group (MSG) meeting held under the chairmanship of Piyush...

27th Jan 2023

American multinational corporation Kimberly-Clark has reported net sales of $20.2 billion, up 4 per cent YoY, in FY22. The company’s organic sales increased by 7 per cent in FY22. Operating profit was $2,681 million in FY22, compared to $2,561 million in FY21, while the adjusted operating profit was $2,617 million, compared to $2,836 million in FY21.

27th Jan 2023

Leading global additives and specialty ingredients company Ashland has reported preliminary sales of approximately $525 million in Q1 of fiscal 2023 (FY23), up 3 per cent versus the prior-year period. The company expects income from continuing operations of approximately $42 million, or approximately $0.76 per diluted share, during Q1 FY23.

25th Jan 2023

Event organiser Messe Frankfurt India has announced the ninth edition of leading trade fair Techtextil India, which is scheduled to take place between September 12–14, 2023 in Mumbai. The support to the event from India’s ministry of textiles further demonstrates the huge emphasis laid for this key sector in boosting the economy of the country.

25th Jan 2023

A researchers’ team led by Dr Yuanyuan Guo from Japan’s Tohoku University's Frontier Research Institute for Interdisciplinary Sciences has developed a microelectronic fibre with microscopic parameters that is capable of analysing electrolytes and metabolites in sweat. The fibre’s micrometre scale allows it to be woven into clothes for healthcare use.

24th Jan 2023

Smart clothing made of thermochromic yarn that changes colour based on body temperature will soon be able to detect fever in newborns. Louisiana State University’s researcher Sibei Xia is developing body-tracking wearable technology—a hat—that could reduce the need for monitoring an infant’s temperature using thermometers and other invasive...

23rd Jan 2023

American multinational consumer goods giant Procter & Gamble Company (P&G) has reported net sales of $20.8 billion, a decrease of 1 per cent year-on-year (YoY), in the second quarter (Q2) of financial year 2023 (FY23), ended December 31, 2022. The company’s operating cash flow was $3.6 billion, and net earnings were $4 billion for the quarter.