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Sweden’s Essity’s net sales grow 28.2% to SEK 156,173 mn in FY22

31st Jan 2023

Sweden-based global hygiene and health company Essity has reported 28.2 per cent year-on-year growth in net sales to SEK 156,173 million in fiscal 2022 (FY22). The company’s sales growth, including organic sales growth and acquisitions, amounted to 17.7 per cent. Adjusted EBITA amounted to SEK 13,058 million and the adjusted EBITA margin to 8.4 per...

Pic: Brookgardener / Shutterstock.com
US’ Kimberly-Clark reports net sales growth of 4% in FY22

27th Jan 2023

American multinational corporation Kimberly-Clark has reported net sales of $20.2 billion, up 4 per cent YoY, in FY22. The company’s organic sales increased by 7 per cent in FY22. Operating profit was $2,681 million in FY22, compared to $2,561 million in FY21, while the adjusted operating profit was $2,617 million, compared to $2,836 million in FY21.

Pic: Bounty / P&G
US’ P&G reports net sales of $20.8 bn in Q2 FY23

23rd Jan 2023

American multinational consumer goods giant Procter & Gamble Company (P&G) has reported net sales of $20.8 billion, a decrease of 1 per cent year-on-year (YoY), in the second quarter (Q2) of financial year 2023 (FY23), ended December 31, 2022. The company’s operating cash flow was $3.6 billion, and net earnings were $4 billion for the quarter.

Pic: Essity
Sweden’s Essity ranked among world’s most sustainable companies

19th Jan 2023

Essity, a hygiene and health company headquartered in Sweden, has once again been recognised as one of the world’s 100 most sustainable companies by Corporate Knights. The list was announced recently during the World Economic Forum in Davos. The Global 100 list represents the top one per cent of companies in the world in terms of sustainability...

(L-R) Hans Ole Klingenberg, Novozymes; Tina Sejersgard Fano, Novozymes; Emmanuel Ladent, Carbios; Alain Marty, Carbios. Pic: Business Wire
France’s Carbios & Novozymes join hands for PET biorecycling

16th Jan 2023

Carbios and Novozymes, a leader in biological solutions, have announced a strategic partnership. The agreement ensures the production of Carbios’ proprietary PET-degrading enzymes at an industrial scale for the world’s first biological PET-recycling plant due to start production in 2025 in Longlaville, France, as well as Carbios’ future licensee...

Pic: Suominen
Finland’s Suominen to close Mozzate manufacturing plant permanently

12th Jan 2023

Finland’s Suominen is set to start a consultation with local trade unions to permanently stop manufacturing at its Mozzate plant. The production would end during the second quarter of 2023. The consultation will be conducted in accordance with the Italian legislation and applicable National Collective Agreement and is aimed to be completed within 90...

Pic: Hollingsworth & Vose
US’ Hollingsworth & Vose to invest $40.2 mn for expansion in Virginia

4th Jan 2023

Hollingsworth & Vose, a manufacturer of nonwoven materials used in filtration and other applications, will invest $40.2 million to expand its operations in Floyd County, Virginia, the state’s governor Glenn Youngkin has announced. With this move, the company’s facility at 365 Christiansburg Pike Northeast will expand by over 28,000 square feet.

Pic: Shutterstock
Indian govt invites research proposals for funding under NTTM

28th Dec 2022

The ministry of textiles, Government of India, is inviting research proposals for funding for design, development and manufacturing of machinery, tools, equipment, and testing instruments under the National Technical Textiles Mission (NTTM). The Indian government aims to position the country as the global leader in technical textiles manufacturing.

Pic: Shandong Xingdi New Material Co Ltd
Xingdi New Material starts new spun-bond line in China

27th Dec 2022

Shandong Xingdi New Material Co Ltd, which specialises in the production of PP spun-bond nonwoven fabrics, has started a new spun-bond line this month. The new line has an annual capacity to produce 12,000 tonnes of 3.2-metre fabric. The fabric manufactured in the new line would help in meeting the increased demand for making facemasks and protective...

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