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India’s airbag market to rise to ₹6K-7K cr by FY2027: ICRA

27th Dec 2022

India’s airbag industry is projected to grow to ₹6,000-7,000 crore by fiscal (FY) 2027, from the current levels of ₹2,400-2,500 crore, at a 4-year compound annual growth rate (CAGR) of 25-30 per cent, as per ICRA. The airbag industry is one of the fastest growing auto component segments and is expected to benefit from the increase in content per...

Pic: Andritz
Sweden’s Renewcell produces new fibre material with Andritz

23rd Dec 2022

Sweden’s Renewcell has produced a fibre material with the ADuro textile fibre preparation system from Andritz at its new site in Sundsvall, Sweden. Renewcell applies the process to produce pure dissolving pulp from 100 per cent textile waste. The product is finally transformed by Renewcell’s customers into new garments for the circular clothing...

Amy Reardon. Pic: INDA
US’ Web Industries names Amy Reardon Doherty as VP, legal

22nd Dec 2022

US’ Web Industries, a manufacturing partner in aerospace, medical, home care, and industrial markets, has named Amy Reardon Doherty as vice president, legal. Over her career, Doherty has advised executives and business partners on many legal, financial, IP, and business issues. Web Industries provides precision converting and outsource manufacturing.

Pic: INDA
Andritz hosts customer day for absorbent hygiene products in Italy

22nd Dec 2022

Austria’s Andritz recently organised a customer day dedicated to the absorbent hygiene products value chain. The event took place at the Andritz Diatec premises in Pescara, Italy, with several key players from the nonwovens industry that came from all over Europe and beyond. Andritz is a leader in pulp, paper, metals, hydro, and separation.

Pic: 3M
US’ 3M to exit PFAS manufacturing by the end of 2025

22nd Dec 2022

US’ 3M is set to exit per- and polyfluoroalkyl substance (PFAS) manufacturing and discontinue using PFAS by the end of 2025. 3M’s decision is based on an evaluation of the evolving external landscape, including accelerating regulatory trends focused on reducing or eliminating the presence of PFAS in the environment and changing stakeholder expectations.

Pic: Kapsul Tech Corp
Canada’s Kapsul Tech unveils shirt with protective collar for athletes

19th Dec 2022

Canada-based protective athletic gear manufacturer Kapsul Tech has introduced the Kapsul Atlas, a lightweight and flexible shirt with a protective collar designed to support athletes’ necks without compromising their performance. Kapsul Atlas fills the gap in protective gear between the torso and head with technology built on research into neck...

Pic: Carbios
France’s Carbios aims to depolymerise 60 tons of PET in 2023

19th Dec 2022

France-based chemical company Carbios has formalised several targets in its newly released 2021 sustainability report. The environmental objectives include using the LCA method to maximise circularity and aim for the lowest carbon impact and commitment to depolymerising 60 tons of PET in 2023 at the demonstration plant in Clermont-Ferrand.

Pic: Trillium
US’ Trillium raises $10.6 mn in series A financing round

19th Dec 2022

US’ Trillium has raised a $10.6 million series A financing round. The first closing totalled $5.5 million and was led by Hyosung Advanced Materials. Capricorn Partners and HELM have joined the series A round to bring the total to $10.6 million. The funding builds on the company’s non-dilutive award of $2.5 million from the US Department of Energy.

Pic: Ontex
Belgium’s Ontex gets CDP ‘A’ rating for transparency on climate action

15th Dec 2022

Ontex has received a top ‘A’ rating for leadership in corporate transparency and performance on climate change from non-profit CDP. The Belgium-based company specialises in products related to baby care, feminine care, and adult care. CDP’s annual disclosure process is recognised as the gold standard of corporate environmental transparency.

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