information technology press release news

27th Jul 2024

Sofidel has signed an agreement to acquire Clearwater Paper Corporation’s tissue business. This acquisition, valued at over $1 billion, includes four US manufacturing facilities and expands Sofidel’s presence in the North American tissue market. The deal enhances Sofidel's technology and sustainability efforts, with the transaction expected to...

26th Jul 2024

Berry Global and Glatfelter have merged HHNF business to form Magnera. The brand aims to innovate and solve challenges with a vast network of 46 manufacturing facilities worldwide, enhancing customer proximity and environmental efficiency. Led by Curt Begle, Magnera will focus on expanding product offerings in polymer and fibre applications.

25th Jul 2024

Ontex Group introduces enhanced youth pants aimed at reducing the social impact of adolescent incontinence. Tailored for ages 3 to 15, these pants combine absorbent materials for overnight protection with discreet design for social confidence. Available in Europe initially, they aim to expand globally, reflecting Ontex's commitment to...

24th Jul 2024

Kimberly-Clark reported $10.2 billion in H1 FY24 sales, a decrease of 1 per cent, with 5 per cent organic growth. The company’s operating profit was $1.5 billion, adjusted to $1.7 billion. EPS in H1 FY24 rose to $3.52 from $1.97, with adjusted EPS at $3.97. In Q2 FY24, sales were $5 billion, down 2 per cent, but organic sales grew 4 per cent.

24th Jul 2024

Hospeco Brands Group acquires SSE, including The Safety Zone and Impact Products, through a Delaware bankruptcy court. The move enhances their market presence in sanitary supply and industrial safety, offering a comprehensive range of products to various sectors. The integration ensures continuity for SSE's customers, vendors, and employees.

24th Jul 2024

Freudenberg Performance Materials Apparel inaugurates a new thermal insulation factory in Vietnam, enhancing production of comfortemp materials for fashion and sportswear. This expansion aims to meet growing demand in Southeast and South Asia, offering localised, sustainable solutions to streamline supply chains and support customer initiatives.

23rd Jul 2024

H.B. Fuller progresses on its sustainability journey by setting Science Based Targets for greenhouse gas reductions and integrating sustainability into product innovation and operations. With new targets expected in 2024, the company focuses on reducing environmental impact, enhancing employee culture, and fostering community partnerships.

22nd Jul 2024

Essity reported a 1.2 per cent decline in Q2 FY24 net sales to SEK 36.617 billion (~$4.37 billion). EBITA rose 27 per cent to SEK 5.237 billion. Excluding IAC, EBITA increased 17 per cent. ROCE improved to 17.9 per cent, and operating cash flow grew 14 per cent. Profit surged to SEK 3.333 billion, with EPS from continuing operations rising to SEK ...

22nd Jul 2024

Avantium collaborates with Auping, Antex, and Monosuisse to develop PEF-based yarns for sustainable mattresses. Auping aims to integrate these yarns into mattresses as part of their circular business model. Avantium's tech, alongside textile expertise from Antex and Monosuisse, supports the transition towards eco-friendly textile solutions.