information technology press release news

17th May 2024

The eleventh edition of North American Nonwovens Supply report has revealed 5.713 million tonnes capacity in 2023. Investments drive growth, but production slowed due to new installations. INDA president emphasises the report's value for strategic planning, while data supports member benefits. Analyst notes market shifts and competitive pressures.

17th May 2024

Krungthai Bank provides historic $350 million financing to NatureWorks for Ingeo PLA biopolymer manufacturing facility in Thailand, aligning with sustainable finance solutions and Thailand’s Bio-Circular-Green economy model. The facility, at Nakhon Sawan Biocomplex, leverages local sugarcane feedstock for Ingeo production, aiming for full operation...

17th May 2024

BASF has teamed up with 3B Fibreglass to slash Scope 3.1 emissions 15 per cent by 2030, targeting net zero by 2050. Integrating sustainable glass fibres, BASF reduces product carbon footprint by 10 per cent, bolstering supply chain sustainability. This partnership aligns with BASF's climate objectives, emphasising durability in applications.

16th May 2024

Rascal + Friends has rebranded as Rascals, unveiling a refreshed look and celebrating seven years of success. Founded in New Zealand in 2016, this company offers premium diapers, pants, and wipes for sensitive skin. Rascals has also planned a celebration in New Zealand, engaging their community with giveaways and behind-the-scenes content.

16th May 2024

Essity is investing in a new global R&D centre in France, focusing on tissue hygiene products to meet evolving market demands sustainably. Recent innovations include flushable toilet roll cores and coreless toilet paper. Essity aims to shape a more sustainable society while enhancing hygiene. The new facility aligns with Essity's global R&D...

15th May 2024

Mativ Holdings' Q1 2024 sales reached $500.2 million, up 10.6 per cent sequentially but down 8.9 per cent y-o-y. Adjusted EBITDA was $45.8 million, down 6 per cent from the prior year due to lower volumes and higher production costs. CEO Julie Schertell anticipates improved EBITDA for 2024, citing ongoing volume recovery and organisational...

15th May 2024

INDA and AFS are partnering for FiltXPO 2025, co-locating with IDEA25 from April 29 to May 1, 2025, in Miami. The theme, 'The Future of Filtration', focuses on technology, performance, and sustainability. The conference will feature global industry insights, with abstract submissions opening soon. INDA and AFS aim to deliver exceptional content...

14th May 2024

Tonny De Beer has been appointed as the chief product innovation officer at First Quality's absorbent hygiene division. With over 25 years of experience, De Beer will oversee innovation, quality, and regulatory functions, reporting to Allen Bodford. His role focuses on advancing sustainability and bringing innovations to the North American market.

13th May 2024

Glatfelter reported a decrease in net sales to $327 million in Q1 FY24, alongside a net loss of $26.2 million. The company saw an improvement in profitability with an adjusted EBITDA of $23.8 million and a margin of 7.3 per cent. Sales declines were seen across all segments, with airlaid materials, composite fibres, and spunlace posting drops in...