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.
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...
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.
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.
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.
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.
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.
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...
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.