retail sector news

21st Nov 2023

Clean Solutions Group has acquired HDK Industries, expanding its eco-friendly filtration media range. Backed by Branford Castle Partners, this move bolsters CSG's position in the filtration sector. HDK's expertise in air and liquid filtration will integrate into CSG's Fibrix Filtration brand. The transition is led by CEO Keith White and president...

21st Nov 2023

LyondellBasell will construct its first advanced recycling plant in Germany, using innovative MoReTec technology. Operational by 2025, the plant aims for net zero GHG emissions and a 50,000-tonne capacity. It will process difficult-to-recycle plastics, reducing environmental impact. The facility marks a significant step in sustainable polymer...

20th Nov 2023

Hyosung, Tefron, and Santoni will showcase their collaborative sustainable activewear and seamless clothing at ISPO Munich. Combining Tefron’s seamless knitting expertise with Hyosung’s creora bio-based yarn, the partnership offers innovative designs and styles. The collection includes terry knitting solutions for enhanced protection and comfort.

17th Nov 2023

Effective January 1, Freudenberg will see Dr Andreas Raps become CEO, succeeding Dr Frank Heislitz, and Marco Altherr take over as CFO from Thomas Herr. The board will include John McNabb as CTO. Raps, a member of Freudenberg SE's executive council, was previously CEO of EagleBurgmann. Altherr, CFO of Vibracoustic SE, held roles at Freudenberg & Co....

14th Nov 2023

The JEC Group and EuCIA have signed a three-year agreement to promote composite materials in Europe, focusing on a net-zero future. This partnership will enhance networking, market intelligence, and industry-wide communication. They will co-produce the 2023 JEC Composites Sustainability Report and introduce new initiatives at JEC World 2024.

13th Nov 2023

Japanese firm Toray Industries reported a 4.9 per cent decline in H1 FY24 revenue to ¥1,199.4 billion, with significant drops in core operating income and profit. The company’s fibres and textiles segment saw revenue decline but increased operating income, while the carbon fibre segment achieved revenue growth and higher operating income.

13th Nov 2023

Edgewell Personal Care announced a 3.7 per cent rise in fiscal 2023 net sales, reaching $2,251.6 million. Gross profit increased to $938.4 million. However, Q4 FY23 saw a slight 0.5 per cent dip in net sales to $534.1 million, with a 1.9 per cent drop in organic sales. The feminine care segment experienced a 5.7 per cent decrease in Q4 FY23 sales.

13th Nov 2023

Lummus Technology and Citroniq Chemicals plan to open the first North American bio-polypropylene plant in the US by 2027 with a 400kta capacity. The project, utilising Lummus’ Verdene technology, marks a significant step in carbon-negative production. It aims to meet growing bio-polypropylene demand and support energy industry decarbonisation.

10th Nov 2023

The US Army has endorsed FiberTect, a dry decontamination system, found equally or more effective than water-based methods. FiberTect is a unique three-layered, nonwoven wipe with an activated carbon core, safe for skin and equipment use. Unlike water-based systems, FiberTect is more practical in diverse climates without the risk of...