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Finland’s Ahlstrom launches refined strategy, simplifies divisions
Finland’s Ahlstrom launches refined strategy, simplifies divisions

1st May 2024

Ahlstrom refines strategy, streamlines divisions into filtration, life sciences, food packaging, protective materials. Enhanced capabilities address global trends: clean air, water, sustainable packaging, electrification. It strengthens Ahlstrom's position in the market, enabling it to better serve customers' needs and contribute to a more...

American firm Albany International’s revenue ascends 16.4% in Q1 FY24
American firm Albany International’s revenue ascends 16.4% in Q1 FY24

30th Apr 2024

Albany International reported a 16.4 per cent rise in net revenues, reaching $313.3 million in Q1 FY24. The machine clothing segment drove growth with a 20.9 per cent increase. Gross profit rose to $108.7 million, despite a drop in overall gross margin. Net income slightly increased to $27.3 million, and adjusted EBITDA grew by 8.3 per cent to...

Filidea Technical Yarns presents innovation at Techtextil in Germany
Filidea Technical Yarns presents innovation at Techtextil in Germany

24th Apr 2024

Filidea Technical Yarns focuses on sustainability and fibre recycling technology at the ongoing 20th edition of Techtextil in Germany. Collaborations with major customers lead to advanced modacrylic yarns. They work with Kaneka Corporation on a recycling process, reducing end-of-life garments into base gases for modacrylic fibre production.

BASF to show sustainable textile solutions at Techtextil in Germany
BASF to show sustainable textile solutions at Techtextil in Germany

22nd Apr 2024

At the upcoming Techtextil 2024, BASF will unveil sustainable textile solutions, emphasising circularity. Loopamid, the first PA6 entirely from textile waste, promotes fashion circularity. Ultramid Ccycled uses chemically recycled plastic, while Ultramid BMB integrates biowaste. Elastollan TPU offers versatility, including bio-based options.

US’ Berry, Glatfelter reach regulatory milestone in proposed merger
US’ Berry, Glatfelter reach regulatory milestone in proposed merger

19th Apr 2024

Berry Global Group and Glatfelter Corporation have achieved a regulatory milestone for their proposed merger involving Berry's health, hygiene, and specialties segment with Glatfelter, including its nonwovens and films business. The transaction will create a prominent publicly-traded specialty materials company through a Reverse Morris Trust...

Canada’s Aluula Composites to show sustainable materials at Techtextil
Canada’s Aluula Composites to show sustainable materials at Techtextil

11th Apr 2024

Aluula Composites is all set to showcase its latest sustainable and high-performance materials at Techtextil 2024 in Frankfurt, Germany, from April 23-26. The Canada-based company prioritises sustainability without compromising on performance or durability. Aluula's materials, known for being light, strong, and durable, are also recycle-ready.

US’ Hexcel Corporation appoints Thomas Gentile as CEO & president
US’ Hexcel Corporation appoints Thomas Gentile as CEO & president

11th Apr 2024

Thomas C Gentile III is appointed CEO & president of Hexcel Corporation effective May 1, succeeding Nick Stanage, who will retire at year-end but remain as executive chairman until then. Gentile brings extensive leadership experience from Spirit AeroSystems and GE. Stanage's tenure saw Hexcel's growth as a global leader in lightweight composites.

Pic: SGL Carbon
German firm SGL Carbon’s sales at $1.16 bn in FY23

27th Mar 2024

Germany's SGL Carbon experienced a minor sales decrease to €1.08 billion ($1.16 billion) in FY23, a 4.1 per cent drop from the previous year, yet stayed within the expected forecast. Adjusted EBITDA also declined by 2.5 per cent to €168.4 million, but the firm saw a marginal improvement in EBITDA margin from 15.2 per cent to 15.5 per cent.

Pic: Teijin Aramid
Netherlands’ Teijin Aramid wins innovation award for Twaron

22nd Mar 2024

Teijin Aramid has received Tire Technology International Materials Innovation of the Year award for Twaron with recycled aramid fibre. This innovation emphasises sustainable solutions without compromising performance. Through collaboration and industrial-scale production, Teijin Aramid leads in driving sustainability in tire manufacturing.

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