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Pic: Ontex
Ontex completes divestment of Mexican business for €265 million

5th May 2023

Ontex Group has announced the completion of its divestment of its Mexican business activities to Softys, a personal hygiene company that is a wholly-owned subsidiary of Empresas CMPC. The transaction includes Ontex's manufacturing facility in Puebla, Mexico, its branded business in Mexico, and all related exports to certain regional markets.

Pic: PCIAW
Frost & Sullivan VP to deliver keynote speech at PCIAW summit

4th May 2023

Sanjiv Bhaskar, vice-president of research at Frost & Sullivan, has been announced as a keynote speaker at the PCIAW Summit & Exhibition 2023. As a well-known expert in the field of research, his insights are sure to provide valuable knowledge and insights. It is an important event for the uniform, workwear and personal protective equipment markets.

Pic: Ashland
US’ Ashland reports sales of $603 million in Q2 FY23

4th May 2023

Ashland reported Q2 FY23 sales of $603 million, consistent with the prior-year quarter. Net income was $91 million, down from $786 million in Q2 FY22. The personal care segment sales were down three per cent, and the specialty additives segment sales were down 12 per cent from Q2 FY22. Adjusted EBITDA was $145 million, down 11 per cent from Q2 FY22.

Pic: Fire-Dex
US’ Fire-Dex adopts Lectra's Fashion On Demand solution

4th May 2023

Fashion On Demand by Lectra, a major global player in the fashion, automotive and furniture markets, is a very powerful solution that can help Fire-Dex streamline its manufacturing processes and improve its competitiveness. With the supply chain disruptions, it's become more important for companies to be agile and efficient in their operations.

Pic: Ashland
US’ Ashland hires James Minicucci as SVP for strategy, M&A

2nd May 2023

American firm Ashland Inc has appointed James Minicucci as the Senior Vice President (SVP) of strategy, mergers and acquisitions (M&A), and portfolio management. He will report to Ashland's CEO, Guillermo Novo. Minicucci previously served as the SVP of Global Specialty Gases at Merck KGaA and has held leadership positions at several other companies.

Pic: Essity
Swedish firm Essity’s net sales rise 25.1% to SEK 42,926 mn in Q1 FY23

2nd May 2023

Essity, a global hygiene and health company, reported a net sales increase of 25.1 per cent to SEK 42,926 million ($4,936 million) in Q1 FY23. The sales growth was driven by an 18.6 per cent increase in price-mix and 1.2 per cent from acquisitions. Adjusted EBITA also increased to SEK 4,358 million, resulting in an adjusted EBITA margin of 10.2 per...

Pic: Pulpac
Joa partners with PulPac on North American Dry Molded Fibre Line

2nd May 2023

PulPac has announced its partnership with Curt G. Joa, a custom machine manufacturing company, to expand its capabilities and meet the growing demand for sustainable packaging in North America. Joa will provide PulPac with its Dry Molded Fibre production platform, called 'PulPac Modula', which has been customised for the United States market.

Pic: Piana Nonwovens
Italy’s Piana Nonwovens unit becomes GRS certified

2nd May 2023

Piana Technology's Nonwovens business unit has been certified to GRS. This certification shows that the company is committed to sustainability and reducing its environmental impact. By using recycled raw materials and ensuring that their production facilities meet social and environmental criteria, Piana is taking steps to promote sustainable...

Pic: Lear Corporation
US’ Lear completes acquisition of I.G. Bauerhin

1st May 2023

With the acquisition of I.G. Bauerhin (IGB), Lear Corporation will be able to expand its range of in-vehicle comfort technologies and enhance its thermal comfort systems portfolio. IGB's expertise in automotive seat heating, ventilation, active cooling, and other related technologies will be a valuable addition to Lear's existing capabilities.

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