information technology press release news

4th Apr 2024

Belgium-based company Ontex has completed the divestiture of its Algerian operation to Hygianis, concluding a partnership lasting more than two decades. The deal, worth approximately €25 million before taxes and related costs, encompasses Ontex's manufacturing facility in Algeria, its business within the country, and certain export operations.

3rd Apr 2024

Kimberly-Clark has launched a strategic transformation to boost growth, focusing on innovation and a new operating model. Plans include reorganising into three business segments, aiming for over $3 billion in productivity savings, and setting long-term targets for net sales growth and free cash flow generation of at least $2 billion annually.

28th Mar 2024

Mahina, by Eicher Goodearth, redefines menstrual care in India with its innovative period underwear. Offering unparalleled absorbency and leak-proof protection, Mahina eliminates the need for pads or tampons. Its eco-conscious design and durability make it a sustainable choice. Available in various absorbency levels, it prioritises user safety...

28th Mar 2024

Glatfelter introduces GlatPure plant-based topsheets, utilising advanced spunlace tech for comfort, sustainability, and customization. Offering diverse options like organic cotton, hemp, and Lyocell, each topsheet ensures fast liquid handling and softness. Production in France with plans for expansion in NC aligns with their commitment to...

27th Mar 2024

Valmet announces investment in filter fabric manufacturing in Brazil, to meet growing demand in South America's mining, pulp and paper industries. The undisclosed investment encompasses facility relocation, new machinery, and energy-efficient upgrades. Operational by the first half of 2025, it aims to enhance service proximity, delivery times, and...

27th Mar 2024

Navigator Paper UK Limited proposes an all-cash offer to acquire Accrol Group Holdings plc, a leading UK tissue converter, with projected annual sales revenues of £205 million and adjusted EBITDA of £21 million. Accrol's board recommends the offer. Navigator aims to bolster its Western European tissue business, focusing on UK private label market...

27th Mar 2024

Germany's SGL Carbon experienced a minor sales decrease to €1.08 billion ($1.16 billion) in FY23, a 4.1 per cent drop from the previous year, yet stayed within the expected forecast. Adjusted EBITDA also declined by 2.5 per cent to €168.4 million, but the firm saw a marginal improvement in EBITDA margin from 15.2 per cent to 15.5 per cent.

22nd Mar 2024

Teijin Aramid has received Tire Technology International Materials Innovation of the Year award for Twaron with recycled aramid fibre. This innovation emphasises sustainable solutions without compromising performance. Through collaboration and industrial-scale production, Teijin Aramid leads in driving sustainability in tire manufacturing.

22nd Mar 2024

Swedish hygiene and health company Essity agrees to sell its 51.59 per cent stake in Vinda to Isola Castle Ltd, owned by APRIL, for HKD 23.50 per share, totalling approximately HKD 28.3bn ($3.62 bn). The move aligns with Essity's strategy to focus on higher-margin categories. Despite divestment, Essity will continue business with Vinda under...