belgium

3rd May 2024

Italian researchers, with EU funding, are using web-like structure of mushroom’s root system—the mycelium—as an alternative to synthetic fibres. The project called MY-FI at Mogu is developing non-woven fabrics made of mycelium fibres. The MY-FI mycelium needs very little soil, water or chemicals, giving it greener credentials than even natural...

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.

7th Mar 2024

Belgium-based Drylock Technologies has invested $26.9 million in its first US baby care production facility in Reidsville, creating 113 jobs in Rockingham County. The 450,000-square-foot plant aims to accelerate product development for US clients. The project will receive a $300,000 performance-based grant from the One North Carolina Fund.

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.