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Pic: Andritz
Austria’s Andritz successfully starts up new needleloom at Foss Floors

5th May 2023

Andritz, an international technology group, has announced the successful start-up of a new velour loom at Foss Floors in Rome, United States (GA). The loom is designed to produce high-quality flooring made from recycled plastic, and the start-up occurred in early 2023. The 5.3 m loom, which is of type SDV, was delivered by Andritz to Foss Floors.

Pic: Shutterstock
American firm Ashland forecasts sales of $2.3-$2.4 bn in FY23

5th May 2023

Ashland expects weaker global demand dynamics to affect its sales in the range of $2.3 billion to $2.4 billion in FY23. Adjusted EBITDA is projected to range from $580 million to $610 million. Ashland has initiated inventory-control actions to reduce inventories for certain product lines, which may negatively impact adjusted EBITDA by $20 million in...

Pic: PCIAW
Frost & Sullivan VP to deliver keynote speech at PCIAW summit

4th May 2023

Sanjiv Bhaskar, vice-president of research at Frost & Sullivan, has been announced as a keynote speaker at the PCIAW Summit & Exhibition 2023. As a well-known expert in the field of research, his insights are sure to provide valuable knowledge and insights. It is an important event for the uniform, workwear and personal protective equipment markets.

Andritz Laroche textile recycling line 2021. Pic: Andritz
Andritz to exhibit nonwoven & recycling tech at ITMA 2023 in Milan

4th May 2023

Andritz will be showcasing its nonwovens production and textile-recycling solutions at ITMA from June 8-14, 2023. The company offers products and services in the industrial digitalisation sector under the brand name Metris. Andritz's chemical/circular textile recycling technologies, fibre preparation, and ADuro F fine grinder will also be showcased.

Pic: Ashland
US’ Ashland reports sales of $603 million in Q2 FY23

4th May 2023

Ashland reported Q2 FY23 sales of $603 million, consistent with the prior-year quarter. Net income was $91 million, down from $786 million in Q2 FY22. The personal care segment sales were down three per cent, and the specialty additives segment sales were down 12 per cent from Q2 FY22. Adjusted EBITDA was $145 million, down 11 per cent from Q2 FY22.

Pic: Fire-Dex
US’ Fire-Dex adopts Lectra's Fashion On Demand solution

4th May 2023

Fashion On Demand by Lectra, a major global player in the fashion, automotive and furniture markets, is a very powerful solution that can help Fire-Dex streamline its manufacturing processes and improve its competitiveness. With the supply chain disruptions, it's become more important for companies to be agile and efficient in their operations.

Pic: Ashland
US’ Ashland hires James Minicucci as SVP for strategy, M&A

2nd May 2023

American firm Ashland Inc has appointed James Minicucci as the Senior Vice President (SVP) of strategy, mergers and acquisitions (M&A), and portfolio management. He will report to Ashland's CEO, Guillermo Novo. Minicucci previously served as the SVP of Global Specialty Gases at Merck KGaA and has held leadership positions at several other companies.

Pic: Essity
Swedish firm Essity’s net sales rise 25.1% to SEK 42,926 mn in Q1 FY23

2nd May 2023

Essity, a global hygiene and health company, reported a net sales increase of 25.1 per cent to SEK 42,926 million ($4,936 million) in Q1 FY23. The sales growth was driven by an 18.6 per cent increase in price-mix and 1.2 per cent from acquisitions. Adjusted EBITA also increased to SEK 4,358 million, resulting in an adjusted EBITA margin of 10.2 per...

Pic: Pulpac
Joa partners with PulPac on North American Dry Molded Fibre Line

2nd May 2023

PulPac has announced its partnership with Curt G. Joa, a custom machine manufacturing company, to expand its capabilities and meet the growing demand for sustainable packaging in North America. Joa will provide PulPac with its Dry Molded Fibre production platform, called 'PulPac Modula', which has been customised for the United States market.

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