textiles technology market trends news

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

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 ...

8th Nov 2024

Ahlstrom has secured Science Based Targets initiative (SBTi) approval for its emissions reduction targets, aiming for net-zero by 2050. By 2030, it pledges a 42 per cent cut in scope 1 and 2 greenhouse gas emissions and a 25 per cent reduction in scope 3 emissions from 2021 levels. Long-term, Ahlstrom targets a 90 per cent reduction across all...

7th Nov 2024

University of Bristol's high-performance composites launched for testing on the ISS. Designed to withstand extreme space conditions, these materials could aid in building future spacecraft and space habitats. The project, a five-year effort with UKSA and ESA support, involved Bristol researchers and students, with scaling support from the National...

7th Nov 2024

Berry Global has completed the merger of its health, hygiene, and specialties nonwovens business with Glatfelter Corporation, creating Magnera Corporation, the world's largest nonwovens company. Magnera began trading on the NYSE under the ticker ‘MAGN’. The transaction, structured as a Reverse Morris Trust, was finalised on November 4, 2024.