belgium

4th Apr 2024

Belgium-based company Ontex has completed the divestiture of its Algerian operation to Hygianis, concluding a partnership lasting more than two decades. The deal, worth approximately €25 million before taxes and related costs, encompasses Ontex's manufacturing facility in Algeria, its business within the country, and certain export operations.

8th Mar 2024

Belgium-based Ontex has received recognition from CDP for climate actions in collaboration with suppliers, achieving high ratings in the 2023 Supplier Engagement Rating Leaderboard. Through supplier engagement and adherence to sustainability guidelines, Ontex aims to reduce scope 3 emissions, aligning with Science Based Target initiative goals.

6th Mar 2024

The European Parliament and Council have agreed on revamped rules to reduce, reuse and recycle packaging. The aim is to make packaging safer and more sustainable, by requiring all packaging to be recyclable, minimising the presence of harmful substances, reducing unnecessary packaging, boosting use of recycled content and improving collection and...

13th Feb 2024

Ontex reported a 10 per cent YoY like-for-like revenue increase to €1,795 million in FY23, driven by a 9 per cent price rise. Adjusted EBITDA surged 67 per cent to €174 million. Total revenue reached €2,342 million, including €547 million from discontinued operations. Q4 revenue was stable at €446 million, with adjusted EBITDA up 16 per cent YoY.

12th Feb 2024

Ontex has achieved an A-rating from Carbon Disclosure Project (CDP) for climate change leadership, ranking in the top 6 per cent of 23,000 evaluated companies. CEO Gustavo Calvo Paz highlights a 50 per cent reduction in carbon emissions in three years. Ontex sources over 90 per cent of electricity globally and 100 per cent in Europe, from renewable ...

18th Jan 2024

Belgian company BIG Yarns has introduced PET BCF yarns for high-end automotive interiors, complementing its existing polyamide PA6 superior yarns. The virgin polyester yarns offer eco-friendly design, being 100 per cent recyclable at End of Life (EOL). They meet automotive standards for abrasion resistance, stain resistance, and durability.

16th Jan 2024

Ontex introduces a baby swim pants line based on its HappyFit manufacturing platform, offering an affordable solution for water activities. Designed to avoid swelling and ensure a secure fit, these pants received positive feedback in tests across Europe. As water activities increase, Ontex aims to enhance consumer loyalty by providing quality...

30th Oct 2023

Ontex, a global provider of personal hygiene solutions, has appointed Geert Peeters as its chief financial officer (CFO), effective from December 1, 2023. Geert Peeters, formerly Group CFO at Greenyard, brings significant financial and business transformation experience from roles at companies like Metallo Group and PriceWaterhouseCoopers.

23rd Oct 2023

The European Commission recently extended a 2020 EU regulation imposing definitive anti-dumping duties on imports of certain woven and stitched glass fibre fabrics from China and Egypt. These measures were also extended by the Commission to imports of the same products from Turkiye, whether declared as originating in Turkiye or not, with some...