2nd Nov 2023
Finnish nonwovens manufacturer Suominen Corporation faced a 19 per cent drop in Q3 FY23 net sales, with overall nine-month sales down by 7 per cent, amidst lowered raw material costs and currency impacts. Despite these declines, the company's comparable EBITDA remained stable, and they maintain a positive outlook for increased EBITDA in FY23.
2nd Nov 2023
Japan’s Toray Industries has begun production of air filters at its new facility in India, which is the first in the country to manufacture everything from nonwoven fabrics for high-performance filter media to filter assembly. The facility aims to meet the rising demand for high-quality air filters driven by worsening air pollution in India.
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.
30th Oct 2023
In Q3 FY23, Swedish firm Essity saw a net sales increase of 16.1 per cent to SEK 130,372 million. Operating profit surged by 74 per cent and adjusted EBITA by 60 per cent, enhancing margins to 11 per cent. Profit for the period and operating cash flow also experienced significant uplifts, growing by 81 per cent and 75 per cent, respectively.
27th Oct 2023
BASF has commenced production at its Superabsorbents Excellence Centre in Antwerp, Belgium, following a €25 mn investment. This move underscores BASF's dedication to the hygiene industry and its acrylic value chain. Funding of €1.4 mn was granted by the Flemish government to support the development of this innovative process technology platform.
27th Oct 2023
Abena has established a new company, Abena Osterreich GmbH, in Austria to enhance its presence in the European market. Abena has a 70-year history of providing quality products for healthcare and various industries, with a focus on improving users quality of life and supporting healthcare professionals through digital solutions like Abena Nova and...
26th Oct 2023
US-based Kimberly-Clark Corporation reported a 2 per cent increase in Q3 FY23 sales to $5.1 billion, with an 18 per cent jump in operating profit to $774 million. Despite foreign currency headwinds, the company’s organic sales grew by 5 per cent in Q3 FY23. The company's various segments and geographic areas also showed robust performance.
23rd Oct 2023
Pampers has introduced an upgraded version of their Swaddlers diapers with a new blowout barrier. Pampers Swaddlers feature innovative design elements to keep babies dry and comfortable, aiming to eliminate the fear of leaks and blowouts. The brand is collaborating with celebrities Tia Mowry and CJ McCollum to raise awareness about this issue.
20th Oct 2023
PFNonwovens has appointed Marek Krejci as its new chief executive officer. Krejci, with a strong background in manufacturing and global operations, is expected to drive growth and innovation at PFNonwovens. He has vast experience in business transformation, leading multinational teams, and prioritising customer experience and product quality.