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Pic: Hypetex
UK’s Hypetex attracts £1.25 million for coloured carbon fibre

18th Jul 2022

Hypetex, UK’s manufacturer of coloured carbon fibre, has attracted £1.25 million in new equity investment and welcomes two experienced business leaders as investors and advisers to the company. The investment is the latest round of Hypetex’s seed funding, led by 24Haymarket, which will support ambitious growth plans and help scale the business'...

Pic: Shutterstock
Advanced Polyolefins to fund construction of 3 plants in Saudi Arabia

7th Jul 2022

Saudi Arabia’s Advanced Petrochemical Company has announced that Advanced Polyolefins Industry Company has signed various Islamic facility agreements worth 6.1 billion Saudi riyals ($1.6 billion) with a consortium of financial institutions to finance the construction of three plants – PDH, PP and IPA plants – at the Jubail Industrial City II.

Pic: Freudenberg
Germany’s Freudenberg endorses sustainable Eco-Check label products

24th Jun 2022

Germany’s Freudenberg Performance Materials, a supplier of technical textiles, is endorsing further, particularly sustainable products with its Eco-Check label introduced last year. These products comply with various environmental criteria. With immediate effect, five more solutions bear the label making the company’s commitment to sustainability...

Pic: PR Newswire
Wacker opens innovation centre & regional headquarters in Ann Arbor

13th May 2022

Wacker, a pioneer and global leader in chemical R&D and manufacturing, recently held a grand opening of its new innovation centre and regional headquarters in Ann Arbor. Corporate leadership hosted Michigan Governor Gretchen Whitmer, along with several other state, county and township officials, in conducting a ribbon-cutting ceremony and touring the...

Pic: Deutsche Institute für Textil- und Faserforschung
DIFT’s German researchers replace toxic chemicals in tires & belts

14th Apr 2022

Researchers at Germany’s DITF are showing ways to replace the harmful formaldehyde used in the manufacturing of tires and conveyor belts, with technically equivalent substances that are harmless to health. In the established manufacturing process, adhesion promoters made of resorcinol-formaldehyde-latex (RFL) are used to improve the adhesion properties.

Pic: Mitsubishi Chemical Holdings Corporation
Japan’s Mitsubishi & Toyota join hands to sell ethylene & propylene

7th Apr 2022

Japan’s Mitsubishi and Toyota Tsusho have joined hands to manufacture ethylene, propylene, and their derivatives using bioethanol as a raw material, with an aim to commence operation in 2025. The companies will evaluate the manufacture of 100 per cent plant-derived ethylene (bioethylene) and its derivatives using bioethanol as a raw material.

Pic: Airtech International
Airtech is Mitsubishi’s US distribution partner for NEXX technologies

6th Apr 2022

Mitsubishi Gas Chemical (MGC) has announced Airtech International as its global distribution partner for its NEXX Technologies business division. Airtech will be distributing NEXX technologies’ Enduredge Max lines of modified epoxy prepreg fabrics and unidirectional tapes. Airtech is a leading manufacturer of vacuum bagging and composite tooling...

Pic: Ahlstrom-Munksjo
Finland’s Ahlstrom-Munksjo reports €3.1 bn net sales in 2021

29th Mar 2022

Finland’s Ahlstrom-Munksjo, a fibre-based solution provider, has reported a record high of €3.1 bn of net sales in 2021 for the reporting cycle from January 1 to December 31, 2021. Europe accounted for 45 per cent of its overall net sales followed by the US at 41 per cent and Asia at 14 per cent. The company also reported an EBITDA at €398 million.

James Posa. Pic: INDA
Canada’s Bast Fibre names James Posa as president & CEO

28th Mar 2022

Bast Fibre Technologies (BFT), a manufacturer of premium natural fibres, has named James Posa as president and chief executive officer. BFT co-founder and former CEO, Noel Hall, will now transition to executive chair focusing on the long-term strategic priorities for the company. Canada’s BFT is a triple-bottom-line cleantech fibre engineering firm.

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