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Pic: Suominen
Finland’s Suominen posts net sales of €450.9 mn in FY23

8th Feb 2024

Suominen Corporation's FY23 net sales fell by 9 per cent to €450.9 million, down from €493.3 million. Sales in the Americas remained stable, while Europe saw a significant decline. The company's comparable EBITDA increased marginally to €15.8 million, despite a decrease in reported EBITDA to €11.2 million. In Q4 FY23, operating profit rose to...

Pic: Adobe Stock
India to promote carbon fibre to bolster technical textiles sector

8th Feb 2024

The Indian government has approved a project focusing on researching the development of the world's strongest carbon fibre, essential in aerospace, civil engineering, and defence industries. Piyush Goyal chaired a meeting to greenlight technical textile projects, including carbon fibre research. India aims for self-reliance in technical textiles.

Pic: PRNewswire
Ascend showcases health care innovations at MD&M West in California

8th Feb 2024

Ascend Performance Materials debuts Acteev MED and HiDura MED products at MD&M West in Anaheim, marking its first show appearance in the medical sector. The portfolio, focusing on medical durables and wound care, emphasises patient’s comfort and caregiver’s safety. The company's collaboration with device manufacturers ensures optimal performance.

Pic: PRNewswire
Canada’s Knix releases new leakproof swim collections

8th Feb 2024

Knix launches new swim collections featuring vibrant colours and leakproof technology, aiming to revolutionise the swimwear experience. Addressing period-related challenges, their innovative Leakproof Swim technology offers maximum protection, empowering individuals to swim without worries. Knix aims to alleviate body anxiety and lack of confidence.

Pic: UAB
Mussel-inspired coating protects fabrics from infections: Research

7th Feb 2024

Researchers from the UAB and the ICN2 have developed an innovative material to fight against the spread of pathogens, infections and antimicrobial resistance. Inspired by the substances secreted by mussels to adhere to rocks, it can be used as a coating to protect healthcare fabrics and provides an effective alternative to commonly used materials.

Pic: INDA
US' Clean Advocacy Summit to address policy issues in nonwovens sector

7th Feb 2024

The 2024 Clean Advocacy Summit, hosted by INDA and ISSA in Washington, will address key policy issues in the nonwovens industry. Attendees will engage in networking and meetings with Congress to advocate for innovation, sustainability, and economic growth. The event aims to amplify industry voices and foster collaboration for industry advancement.

Pic: INDA
Freudenberg to show technical textile solutions at JEC World in Paris

6th Feb 2024

Freudenberg Performance Materials to showcase its advanced nonwoven solutions for FRP components at JEC World from March 5-7. Their offerings include surfacing veils for abrasion resistance and Enka solutions for efficient resin infusion. These products enhance mechanical strength and promote faster production processes in composites manufacturing.

Pic: Garware Technical Fibres
Net sales of India’s Garware Technical Fibres rise 5% in Q3 FY24

5th Feb 2024

Indian firm Garware Technical Fibres reported a 5 per cent increase in Q3 FY24 net sales to ?289.4 crore and an 18 per cent increase in net profit to ?43.3 crore. The company’s EPS grew by 20 per cent to ?21.23 in Q3 FY23. Despite a 1 per cent decline in 9M FY24 net sales, profits and EPS surged by 23 per cent and 25 per cent respectively.

Pic: Incrediwear
Lovell partners with Incrediwear for better healthcare systems

3rd Feb 2024

Lovell Government Services has partnered with Incrediwear, known for its wearable anti-inflammatory products, to distribute through government healthcare systems like the veterans health administration and military health system. Lovell, a Service-Disabled Veteran-Owned Small Business (SDVOSB), aims to streamline federal acquisition processes.

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