technical textiles company news

14th Nov 2024

4M Carbon Fiber has launched a $4.5 million, 50-ton-per-year plasma oxidation qualification line. The project showcases its patented technology, which triples throughput, cuts energy usage by 75 per cent, and reduces costs. This milestone supports extensive qualification projects and partnerships. The aim is to make carbon fibre production more...

13th Nov 2024

Web Industries will showcase its nonwoven materials solutions for medical, personal care, and home care markets at Hygienix 2024, held November 18-21 in Nashville. The company will highlight its slitting, spooling, printing, and modular converting capabilities, offering precision converting for flexible packaging, films, and medical-grade materials.

13th Nov 2024

Suominen Corporation has reported Q3 2024 net sales of €111.6 million (~$120.53 million), up from €106.4 million YoY. The company suffered a net loss of €3.2 million (~$3.4 million) due to operational challenges. YTD sales reached €343.8 million (~$370.9 million), and the company expects a full-year EBITDA increase. Sustainability efforts earned...

13th Nov 2024

India's Textile Minister approved 12 new research projects worth ₹13.3 crore ($0.16 million) under the National Technical Textiles Mission. The projects focus on areas like geotextiles, smart textiles, and composites, led by institutions like IITs and CRRI. Total funding under the Mission now stands at ₹509 crore ($6.11 million). IPR guidelines...

12th Nov 2024

Ahlstrom's Q3 FY24 net sales rose 5.2 per cent to €742.7 million (~$788.8 million), driven by higher average selling prices. Comparable EBITDA reached €130.2 million (~$138.26 million), supported by cost efficiency and improved margins. Restructuring costs and energy hedge losses impacted reported EBITDA of €81.9 million (~$86.928 million).

12th Nov 2024

Mativ Holdings, Inc, has reported Q3 2024 sales of $498.5 million, up 0.1 per cent YoY, with adjusted income of $11 million and a gross profit of $93.6 million, up 8 per cent YoY. Filtration & Advanced Materials sales fell 3.2 per cent, while Sustainable & Adhesive Solutions sales rose 2.1 per cent. The net loss was $20.8 million, a significant...

11th Nov 2024

EDANA’s Sustainability Forum, themed 'Building a Sustainable Future Together,' convened leaders in Brussels to discuss clean energy, corporate sustainability, circular economy, and EU policies. Highlights included sessions on renewable investments, sustainable practices, and regulatory impacts, emphasising industry-wide collaboration for...

8th Nov 2024

The US International Trade Commission yesterday determined that revoking the existing anti-dumping and countervailing duty orders on laminated woven sacks from Vietnam would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result, the existing orders on imports of these products from Vietnam will ...

8th Nov 2024

OC Oerlikon has reported Q3 2024 sales of CHF 580 million (~$667 million), down 6.9 per cent YoY, with an order intake of CHF 538 million (~$623.3 million), a 5.1 per cent decline. Operational EBITDA was CHF 98 million, a 7.3 per cent drop. For 9M 2024, sales decreased by 15.2 per cent to CHF 1,747 million (~$2,009 million). EBITDA margin outlook ...