technical textiles news

31st Jan 2024

Toray Composite Materials America celebrates a $15 million upgrade to its Decatur, Alabama facility, doubling the TORAYCA T1100 carbon fibre production capacity and adding redundancy for defence applications. The crucial carbon fibre is integral to various United States Department of Defence weapons systems and the Future Vertical Lift programme.

31st Jan 2024

Yuen Foong Yu Consumer Products Co in Taiwan has successfully initiated a new Andritz PrimeLineCOMPACT tissue production line at its Chingshui mill. This 3.65m-wide machine enhances both the quantity and quality of household paper production, aligning with Yuen Foong Yu's commitment to high quality and sustainable, low-emission practices.

30th Jan 2024

India’s textiles ministry and the Andhra Pradesh government hosted a National Conference on Technical Textiles in Vijayawada. It featured discussions on sustainability, circular economy, and infrastructure applications in agrotextiles and geotextiles. Attendees included industry leaders, scientists, and officials like Rajeev Saxena, G Amarnath and...

29th Jan 2024

Hexcel Corporation reported a 13.4 per cent sales increase in FY23, reaching $1,789 million. The company’s gross margin improved to 24.2 per cent, with adjusted operating income at $216.7 million in FY23. In the fourth quarter of FY23, sales were $457.5 million, with a gross margin of 22.5 per cent. Q4 adjusted operating income was $49.1 million.

26th Jan 2024

The Tranzonic Companies has appointed Joe Vitale as chief corporate development officer to lead strategic expansion through acquisitions, investments, and partnerships. With a focus on M&A for growth, it has increased sales five-fold in the past decade through acquiring companies in various industries. Vitale has over 25 years of professional...

25th Jan 2024

Italian companies Ohoskin and Recarbon are collaborating to create a sustainable material for automotive, marine, and furniture industries. The material combines Ohoskin's leather alternative made from orange and cactus byproducts with Recarbon's recycled carbon fibre. The resulting product is expected to be high-resistance, lightweight, and...

25th Jan 2024

Accrol has successfully acquired Severn Delta Limited, a wet wipe and tumble dryer sheet manufacturer, for less than 3x EBITDA before synergies. The move aligns with Accrol's strategy to diversify its household product offerings through strategic acquisitions. Severn Delta's capabilities and capacity will strengthen Accrol's wet wipe segment.

25th Jan 2024

Kimberly-Clark reported a 1 per cent sales increase to $20.4 billion in FY23, with a 5 per cent rise in organic sales. Gross margin improved to 34.4 per cent, and adjusted operating profit grew to $2.96 billion. FY23 EPS was $5.21, with adjusted EPS at $6.57. Q4 net sales were $5 billion, with a 34.9 per cent gross margin and a slight decrease in ...

24th Jan 2024

P&G reports a 3 per cent increase in Q2 FY24 net sales, reaching $21.4 billion. Organic sales rose by 4 per cent, but diluted net earnings per share decreased by 12 per cent to $1.40. Core net earnings per share grew by 16 per cent to $1.84. Gross margin improved by 520 basis points. The company achieved net earnings of $3.5 billion in Q2 FY24.