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1st Aug 2023

Procter & Gamble (P&G) reported a net sales rise of 2 per cent to $82 billion in FY23. In Q4 FY23, net sales were up 5 per cent to $20.6 billion, bolstered by robust organic sales growth across all segments. Diluted net EPS grew 2 per cent annually and 13 per cent quarterly. The company’s gross margin in Q4 FY23 increased by 380 basis points.

31st Jul 2023

Houston University researchers have created a prototype of a stretchable fabric-based lithium-ion battery. Led by professor Haleh Ardebili, the team converted rigid electrodes into flexible, stretchable forms, enhancing the prospects for wearable tech. Utilising conductive silver fabric, the new batteries overcome conventional rigidity and fire...

31st Jul 2023

Freudenberg Performance Materials has launched a 3D entangled mat production line in Changzhou, China, to supply Enka Solutions for building, industrial, and civil engineering applications in the APAC region. This investment will boost Enka Solutions production capacity and allow Freudenberg to serve customers in various technical markets.

31st Jul 2023

Braskem, located in Brazil, has increased the production capacity of its bio-based ethylene plant by 30 per cent through an $87 million investment. The plant now operates at 260,000 tons/year and produces bio-based ethylene from sugarcane-based ethanol, contributing to carbon neutrality. Braskem aims to produce one million tons of biopolymers by...

31st Jul 2023

Taiwan’s Dahsheng Chemical (DSC) has launched its Durapontex N-Series at the NE and NW Materials Shows, becoming the first brand to use supercritical foaming technology for insoles at scale. The N-Series foam is fully recyclable. The series offers various densities and rebounds, featuring models like Durapontex N20, demonstrating high resilience.

28th Jul 2023

Mann+Hummel has signed an agreement to acquire a majority stake in Suzhou U-Air Environmental Technology (U-Air). This move strengthens Mann+Hummel's presence in China and Southeast Asia, catering to the increasing demand for air filtration products in the region. The transaction is expected to be completed in 2023, pending regulatory approvals.

28th Jul 2023

Indorama Ventures and Polymateria have been honoured with the INDA Innovation Award for their groundbreaking collaboration in developing Biotransformation technology for wipes. The partnership with Polymateria brings a real-world solution to waste management and aligns with Indorama Ventures' commitment to optimise the earth's resources sustainably.

26th Jul 2023

At the 6th National Conclave on Standards and Regulations, India’s ministry of textiles, FICCI, and BIS highlighted the importance of technical textile standards. New standards were introduced, and HSN codes rationalisation was emphasised. The global technical textiles market, currently at $260 billion, is projected to increase to $325 billion by...

26th Jul 2023

HB Fuller aims to decrease energy, greenhouse gas emissions, waste, and water intensity by 20 per cent and 10 per cent respectively by 2025. As of 2022, the company is on track with these sustainability goals. HB Fuller also published its Scope 3 GHG emissions for the first time and implemented a real-time sustainability data platform across...