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Pic: Suominen
Finland’s Suominen resolves on a share-based long-term incentive plan

6th Feb 2023

The board of directors of Finland’s Suominen has resolved on February 2, 2023 on a new share-based Long-Term Incentive Plan (LTI Plan) for the management and key employees. The new LTI Plan has one three-year performance period, which includes calendar years 2023–2025. The LTI Plan is directed to around 25 people including the president and CEO of...

Pic: Trützschler Nonwovens/ WPT Nonwovens
WPT Nonwovens invests in thermobonding line by Trützschler

4th Feb 2023

American textile manufacturing company WPT Nonwovens has invested in a new thermobonding line for filter media. Trützschler Nonwovens teamed up with Schott & Meissner to deliver a state-of-the-art, high-capacity line including the T-BLEND fibre preparation system, two TWF-NC roller cards, and Schott & Meissner’s high-speed ‘Speedliner’ belt oven.

Pic: PRNewswire
US’ Lear named one of Fortune’s 2023 most admired companies

3rd Feb 2023

Lear has been named on Fortune magazine’s ‘World’s Most Admired Companies’ list for the seventh consecutive year. Lear was awarded the highest placement for any North America-based automotive supplier in the Motor Vehicles Parts Industry survey. Lear is an automotive technology leader in seating and e-systems, that enables superior in-vehicle...

Pic: FiltXPO 2022
FiltXPO to unveil new filtration & separation products in the US

3rd Feb 2023

Global companies from more than 15 countries in the filtration and separation industry are set to connect with some 1,500 industry professionals and launch their innovations at FiltXPO 2023. FiltXPO, North America’s only exhibition and conference dedicated exclusively to filtration and separation, will be held from October 10-12, 2023, in Chicago,...

Pic: Shutterstock
UK’s government retains measures on glass fibre imports from China

2nd Feb 2023

The UK government has decided to retain existing measures on imports of continuous glass fibre from China, as recommended by the TRA. This means the UK’s glass fibre industry, predominantly based in Wigan, will continue to be protected from injury caused by dumped and subsidised imports of glass fibre from China for five years, from January 31, 2021.

Pic: Gurit / Twitter
Swiss firm Gurit posts 6.7% growth in net sales in FY22

2nd Feb 2023

Switzerland’s Gurit, a company that specialises in advanced composites, has posted preliminary and unaudited net sales of CHF 499.5 million, up 6.7 per cent YoY, for fiscal 2022. The company’s net sales of continued operations were CHF 488.6 million, which is an increase of 17 per cent at constant exchange rates or 11.6 per cent in reported CHF versus...

Pic: Toray
Japan’s Toray develops recycled nylon 66 from silicon-coated airbags

2nd Feb 2023

Japan’s Toray has made recycled nylon 66 recovered from silicone-coated airbag fabric scrap cuttings. This material achieves the same flowability and mechanical properties as injection moulding grades from virgin nylon 66. Toray specialises in industrial products centred on technologies in organic synthetic chemistry, polymer chemistry, and...

Pic: Berry Global
Berry opens new manufacturing facility in Bangalore, India

1st Feb 2023

Berry, a leader in the design, development, and production of patient-centred healthcare solutions, will begin production at its new manufacturing facility and healthcare centre of excellence (CoE) in Bangalore, India as early as April 2023. The Greenfield expansion project will create local jobs and improve global access to health products.

Pic: Dieffenbacher
Switzerland’s Autoneum & Dieffenbacher unveil digitalisation platform

1st Feb 2023

Swiss company Autoneum operates five Dieffenbacher automotive component production lines at its Sevelen site. Together with Dieffenbacher, Autoneum has now extensively modernised one of the lines, a GMT/LFT-D line for glass-fibre-reinforced thermoplastics. One highlight of the project was the introduction of the new Evoris digitalisation platform.

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