leather footwear technology news

2nd Aug 2022

Ontex group, Belgium’s leading international supplier of personal care products has announced that it has entered into a binding agreement to sell its Mexican business activities for approximately €285 million to Softys, a personal hygiene company with operations across Latin America. Softys is a wholly owned subsidiary of Empresas, headquartered in...

1st Aug 2022

Ontex’s total group revenue, including discontinued emerging markets was €1,152 million in the first half of 2022, went up 15 per cent LFL, driven by 6.6 per cent volume/mix and 8.4 per cent pricing, while adjusted EBITDA came in at €49 million, down 51 per cent year on year. The resulting EBITDA margin of 4.3 per cent was down 6.0pp year on year.

29th Jul 2022

Owens Corning, a global building and construction materials leader headquartered in the US, has reported net sales increase of 16 per cent to $2.6 billion in the second quarter of fiscal 2022. The company’s adjusted EBIT margins climbed to 20 per cent and adjusted EBITDA margins increased to 25 per cent in the second quarter of fiscal 2022.

29th Jul 2022

US’ First Quality has launched its Earth + Eden sensitive diapers with a focus on eco-conscious design made safe and luxurious. Earth + Eden is a wellness brand that aims to help empower people who want to live clean, healthy lifestyles without sacrificing product performance. Customers can subscribe and save by ordering diapers on the Earth + Eden...

28th Jul 2022

US’ Berry has revealed that its three sites in North America have achieved the Oeko-Tex Standard 100 certification, which validates materials used in manufacturing are free of harmful substances. These materials include virgin resin, recycled content, and renewable raw materials. Berry is a global manufacturer and marketer of plastic packaging products.

28th Jul 2022

Natural cosmetics company Naturamus has teamed up with the University of Hohenheim to grow suitable lavender varieties in the Swabian Alps in Germany and devise eco-friendly ways to extract essential oil from them. Research is also underway for developing ways to recycle large quantities of residual materials to produce composite fibres and textiles.

28th Jul 2022

Insempra, a biology-powered company enabling businesses to make superior products in partnership with nature which is headquartered in Germany, has announced a strategic investment in Solena Materials, a synthetic biology company. Solena, a spin-out from Imperial College London, develops synthetic proteins for high-performance clothing fibres.

28th Jul 2022

Ashland posted sales of $644 million in the third quarter of 2022, up 19 per cent versus the prior-year period. Each of the company’s reportable segments achieved double-digit sales growth. The year-over-year sales growth was driven primarily by disciplined pricing leading to cost recovery in a high-inflation environment and improved product mix.

27th Jul 2022

The COSATU-affiliated SACTWU has now settled its 2022 wage negotiations with a seven per cent hike in the nonwoven textile sector. The agreement is part of a series of other wage settlements that the SACTWU has successfully achieved. The SACTWU had formally raised a dispute regarding wages for the nonwoven textile sector on June 17, 2022.