8th Nov 2021
Hello Bello, premium baby and family care products firm, has opened its first US diaper factory in Waco, Texas. The factory represents Hello Bello’s multi-million-dollar investment in US manufacturing. The official opening establishes Hello Bello as the only independent diaper company in the US to manufacture their own diapers from design to delivery.
8th Nov 2021
Piana Technology, Italian textile company known for innovations within the fibre and nonwoven textiles markets, has achieved certification to the Recycled Claim Standard (RCS) in its Piana Nonwovens facilities. The RCS is an internationally recognised standard that verifies recycled content and tracks it throughout the supply chain to the final product.
8th Nov 2021
The US National Council of Textile Organisations has hailed the passage of a bipartisan infrastructure bill by the House of Representatives that will provide billions of dollars in new spending to revitalise the nation’s roads, bridges and railways and help reconstitute a domestic supply chain for face masks, isolation gowns & personal protective...
6th Nov 2021
The time has come to target five times rise in technical textiles exports in three years, Indian minister of textiles Piyush Goyal told representatives of Indian Technical Textile Association. The centre would back performance-linked incentive schemes for the textile sector in states backing manufacturing infrastructure like cheap land and power, he...
6th Nov 2021
Austria-headquartered international technology group Andritz saw good business development in the third quarter of 2021 and EBITA and profitability increased significantly compared to the previous year’s reference period. However, due to the lack of large-scale orders, order intake was just under €1.5 billion and thus below the level of the previous...
6th Nov 2021
Glatfelter, US’ supplier of engineered materials, has announced that it has completed the previously disclosed acquisition of Jacob Holm for aggregate consideration of approximately $302 million including the extinguishment of Jacob Holm’s existing debt and other adjustments. The transaction was funded through $500 million senior unsecured notes...
5th Nov 2021
Sweden’s hygiene and health company, Essity, has acquired Johnson & Johnson Consumer’s professional sports tape brands Coach, Elastikon, and Zonas, which are established premium products in the US market. Essity is a leader in taping and strapping and following the acquisition the company will also become leading among US sports medicine distributors.
4th Nov 2021
Lear Corporation, US’ automotive technology leader in seating and E-systems, has entered into a definitive agreement to acquire substantially all of Kongsberg Automotive’s Interior Comfort Systems (ICS) business unit. Under the terms of the deal, Lear will acquire Kongsberg Automotive’s ICS business unit for €175 million, on a cash and debt free basis.
3rd Nov 2021
The China Nonwovens and Industrial Textiles Association (CNITA) recently held the Fifth Member Congress and celebrated its 20th anniversary in Beijing. The Congress reviewed and approved the report of the Fourth Council, and elected the Fifth Council. CNITA includes institutions and associations in the field of nonwovens and technical textiles.