information technology press release news

3rd Oct 2024

OUTLOOK24 attracted a record 549 delegates from 212 companies across 37 countries in the nonwovens sector. The event featured 26 speakers addressing critical topics, including sustainability, and market dynamics. Key presentations included insights from Joachim De Vos on generative AI and James Kynge on China's influence on European commerce.

1st Oct 2024

Ontex has agreed to sell its Brazilian business to Softys for BRL 671 million (~$121.90 million). This aligns with Ontex’s strategy to focus on retail brands and healthcare in Europe and North America. The Brazilian operation, which includes a manufacturing facility and employs about 1,400 people, generated €97 million (~$107 million) in revenue in ...

27th Sep 2024

Andritz, PulPac have formed a strategic partnership to enhance the alternative packaging market by combining their expertise. It will integrate PulPac’s dry moulded fibre tech with Andritz’s capabilities in pulp mills and recycling, allowing for the development of complete dry moulded fibre lines. The partnership aims to create sustainable...

27th Sep 2024

Olli Hanninen has been appointed senior vice president of strategy at Valmet, effective October 1, 2024, reporting to CEO Thomas Hinnerskov. With extensive experience in Kone's services business and as an associate partner at McKinsey & Company, Hanninen will enhance Valmet's executive team. He will be based at the company's head office in Espoo,...

27th Sep 2024

Winner Medical has acquired 75.2 per cent of Global Resources International (GRI) for approximately $120 million, marking its first international equity acquisition. This move aims to enhance global competitiveness, improve supply chain resilience, and expand product lines. GRI, a manufacturer of medical consumables, has production facilities...

26th Sep 2024

Freudenberg Performance Materials is expanding its coated technical textiles business by acquiring key parts of the Heytex Group from Bencis Capital Partners. This includes operations in Germany and China, along with sales and R&D functions. The acquisition, which generated around €100 million in sales in 2023, aims to enhance Freudenberg’s...

26th Sep 2024

GKN Aerospace is expanding its Trollhättan, Sweden facility by 2026, integrating advanced automation and digital technologies to boost capacity and efficiency. This investment aims to address a nine-year backlog for aero-engines, enabling the company to meet growing customer demands and support the industry's shift toward more efficient aircraft...

26th Sep 2024

INDA and EDANA have signed a Letter of Intent in Rome to explore a strategic alliance aimed at enhancing value for members through education, advocacy, and operational synergies. The collaboration seeks to drive innovation and long-term industry growth. Leaders from both organisations expressed optimism about addressing global industry challenges...

25th Sep 2024

The Indian Ministry of Textiles will implement the Medical Textiles (Quality Control) Order, 2023, effective from October 1, 2024. The order mandates strict quality standards for products like sanitary napkins and baby diapers. Manufacturers must obtain a BIS license, though small-scale enterprises and SHGs are exempt from the new regulations.