retail sector news

6th Mar 2024

The European Parliament and Council have agreed on revamped rules to reduce, reuse and recycle packaging. The aim is to make packaging safer and more sustainable, by requiring all packaging to be recyclable, minimising the presence of harmful substances, reducing unnecessary packaging, boosting use of recycled content and improving collection and...

5th Mar 2024

Evonik Industries’ FY23 sales fell 17 per cent to €15.3 billion ($16.6 billion). Adjusted EBITDA hit €1.66 billion. Smart materials division saw a 15 per cent sales drop, with adjusted EBITDA down 27 per cent to €540 million. Performance materials sales decreased 22 per cent, while the adjusted EBITDA plummeted 68 per cent to €111 million.

2nd Mar 2024

Essity reported a 6.7 per cent rise in FY23 net sales, reaching SEK 147 billion, with adjusted EBITA surging 57 per cent to SEK 18.9 billion. The health and medical segment saw a 12.2 per cent sales jump to SEK 27,729 million. Consumer goods rose 10.6 per cent to SEK 79,912 million, while professional hygiene sales rose 14.8 per cent to SEK 39,481...

2nd Mar 2024

Freudenberg Performance Materials has introduced a new line of 100 per cent synthetic wetlaid nonwovens produced in Germany. These materials, including micro-fibres, cater to filtration and industrial needs, offering versatility in polymer-based fibres. Ranging from 8g/m² to 250g/m², they boast precise weight, thickness, pore size, and high...

2nd Mar 2024

Schouw & Co's FY23 revenue soared to DKK 37.2 billion, a 14 per cent rise, with EBITDA hitting DKK 2.85 billion, up 25 per cent. Fibertex Personal Care's revenue fell to DKK 1,891 million, a 23 per cent drop, while Fibertex Nonwovens increased to DKK 2,158 million, up 5 per cent. Q4 saw group revenue of DKK 8.85 billion and earnings of DKK 763...

1st Mar 2024

Andritz, an international technology group, has reported a 15 per cent increase in revenue to €8.7 billion in fiscal 2023. Net income rose by 25.3 per cent to €504.3 million. Operating result (EBITA) reached €741.9 million, with a record level. Order intake slightly declined overall but was offset by growth in hydro, metals, and separation sectors.

1st Mar 2024

Beckmann Converting introduces the 'CC' roll, featuring a unique bonding pattern for high inter-ply adhesion in textile composites. The pattern covers close to 10 per cent of the full laminate web, enhancing appearance and performance. Ideal for products like wipers and car covers, it suits lighter-weight materials but is not suitable for heavy...

28th Feb 2024

The European Union (EU) aims to lead in advanced materials, vital for the green and digital transition. A new strategy will align research and investment, enhancing competitiveness and reducing critical material dependencies. Actions include boosting innovation, investment, and skills development, with a €500 million Horizon Europe partnership...

28th Feb 2024

Avient Corporation will showcase its composite solutions, featuring new ballistic-resistant panels, at JEC World in Paris from March 5. Avient's portfolio includes advanced materials for diverse industries, emphasising sustainability through lightweight alternatives, recycled-content composites, and support for circular economy initiatives.