17th May 2024
The eleventh edition of North American Nonwovens Supply report has revealed 5.713 million tonnes capacity in 2023. Investments drive growth, but production slowed due to new installations. INDA president emphasises the report's value for strategic planning, while data supports member benefits. Analyst notes market shifts and competitive pressures.
17th May 2024
Krungthai Bank provides historic $350 million financing to NatureWorks for Ingeo PLA biopolymer manufacturing facility in Thailand, aligning with sustainable finance solutions and Thailand’s Bio-Circular-Green economy model. The facility, at Nakhon Sawan Biocomplex, leverages local sugarcane feedstock for Ingeo production, aiming for full operation...
16th May 2024
Essity is investing in a new global R&D centre in France, focusing on tissue hygiene products to meet evolving market demands sustainably. Recent innovations include flushable toilet roll cores and coreless toilet paper. Essity aims to shape a more sustainable society while enhancing hygiene. The new facility aligns with Essity's global R&D...
15th May 2024
Mativ Holdings' Q1 2024 sales reached $500.2 million, up 10.6 per cent sequentially but down 8.9 per cent y-o-y. Adjusted EBITDA was $45.8 million, down 6 per cent from the prior year due to lower volumes and higher production costs. CEO Julie Schertell anticipates improved EBITDA for 2024, citing ongoing volume recovery and organisational...
15th May 2024
INDA and AFS are partnering for FiltXPO 2025, co-locating with IDEA25 from April 29 to May 1, 2025, in Miami. The theme, 'The Future of Filtration', focuses on technology, performance, and sustainability. The conference will feature global industry insights, with abstract submissions opening soon. INDA and AFS aim to deliver exceptional content...
14th May 2024
Tonny De Beer has been appointed as the chief product innovation officer at First Quality's absorbent hygiene division. With over 25 years of experience, De Beer will oversee innovation, quality, and regulatory functions, reporting to Allen Bodford. His role focuses on advancing sustainability and bringing innovations to the North American market.
13th May 2024
Glatfelter reported a decrease in net sales to $327 million in Q1 FY24, alongside a net loss of $26.2 million. The company saw an improvement in profitability with an adjusted EBITDA of $23.8 million and a margin of 7.3 per cent. Sales declines were seen across all segments, with airlaid materials, composite fibres, and spunlace posting drops in...
10th May 2024
Berry Global's Q2 net sales fell by 6 per cent, with resin price pass-throughs impacting 5 per cent. Operating income declined to $208 million, attributed to goodwill write-offs and the timing of resin costs. It plans for a tax-free spin-off and merger with Glatfelter Corporation to streamline Berry's focus on packaging solutions, enhancing long-term ...
10th May 2024
Zuiko Corporation completes the acquisition of 90 per cent of Delta Srl's quota, formalised at a board meeting on May 8, 2024. With plans for swift integration, Zuiko aims to enhance value for existing clients and target new ones. Delta, founded in 2022 in Italy, specialises in disposable sanitary products machinery, serving global markets.