information technology press release news

11th Apr 2024

Aluula Composites is all set to showcase its latest sustainable and high-performance materials at Techtextil 2024 in Frankfurt, Germany, from April 23-26. The Canada-based company prioritises sustainability without compromising on performance or durability. Aluula's materials, known for being light, strong, and durable, are also recycle-ready.

11th Apr 2024

Thomas C Gentile III is appointed CEO & president of Hexcel Corporation effective May 1, succeeding Nick Stanage, who will retire at year-end but remain as executive chairman until then. Gentile brings extensive leadership experience from Spirit AeroSystems and GE. Stanage's tenure saw Hexcel's growth as a global leader in lightweight composites.

11th Apr 2024

Freudenberg's FY23 sales hit €11.9 billion (~$12.76 billion), up 1.3 per cent, with operating profit at €1.1 billion, up 15 per cent. Profit margin improved to 9.1 per cent. Freudenberg India's sales were ₹38.03 billion, with plans to invest ₹3.5 billion in 2024 across Punjab, Karnataka, and Tamil Nadu, highlighting growth and exports nearing ₹8...

10th Apr 2024

Solesis has appointed John Witkowski as the new president & CEO, bringing 30 years of industry experience. He aims to drive strategic priorities, foster customer support, and sustain long-term growth. Formerly of DSM Biomedical, Witkowski's leadership will guide Solesis through its expansion phase in the medical device and biopharmaceutical sectors.

9th Apr 2024

Ansell will acquire Kimberly-Clark's Personal Protective Equipment business for $640 million. The deal, expected to finalise by September 2024, strengthens Ansell's presence in clean room applications and expands its product portfolio for scientific sectors. CEO Neil Salmon highlights synergies, emphasising benefits for customers and shareholders.

8th Apr 2024

Toray has been recognised by Northrop Grumman for its contributions to national security solutions. Northrop praised Toray for its quality excellence and assistance in manufacturing and distribution goals. Toray expressed pride in serving as a leading material supplier in the US and emphasised its commitment to delivering high-quality composite...

8th Apr 2024

German researchers are developing a virtual encounter system using smart textiles for intensive sensory perception that can appeal to all the senses. The technology can enable ill children in isolation wards feel the closeness of parents' bodies even during virtual visits. It can also make gaming experience more intense through realistic body...

6th Apr 2024

UFlex launches commercial production of poly-condensed polyester chips at its Panipat facility, with an annual capacity of 168,000 metric tons. This move reinforces UFlex's commitment to vertical integration. The plant will supply raw material for BOPET packaging films, catering to both in-house and third-party demands, enhancing India's packaging...

5th Apr 2024

FullCare Medical has inaugurated a $30 million medical garment production facility in Tatu City, Kenya's SEZ, employing 1,800 Kenyans initially and potentially 7,000 in later phases. Leveraging solar technology for sustainability, it targets $60 million in annual exports while serving local needs. Tatu City SEZ offers business benefits like tax...