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Japan’s Toray Industries reports 18.7% revenue growth in H1 FY23

15th Nov 2022

Japanese textile company Toray has reported an 18.7-per cent consolidated revenue growth to 1,261.8 billion yen in the first half (H1) of fiscal 2023 (FY23) ended September 30, 2022, compared to 1,062.9 billion yen in H1 FY22. The company’s H1 FY23 profit before tax increased to 4.6 per cent to 84,976 million yen, compared to 81,205 million yen in H1...

Gustavo Calvo Paz. Pic: Business Wire
Belgium’s Ontex names Gustavo Calvo Paz as new CEO

13th Nov 2022

The board of directors of Ontex has announced the appointment of Gustavo Calvo Paz as the new chief executive officer, with effect from November 14, 2022, succeeding Esther Berrozpe. Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care, headquartered in Belgium.

Pic: Ashland
US’ Ashland’s Q4 FY22 sales rise 7% from prior-year quarter

8th Nov 2022

Ashland Inc has reported a 7 per cent growth in its sales, totalled $631 million, in the fourth quarter of fiscal 2022, ended September 30, 2022. The leading global additives and specialty ingredients company has also reported improved cashflows of $179 million, provided by operating activities, up from $151 million in the previous fiscal’s quarter.

Pic: Sanitized
Switzerland’s Sanitized names Martin Cadek as new CTO

8th Nov 2022

Swiss-based Sanitized is increasing its innovation expertise by appointing a new CTO, Martin Cadek, who will oversee global technological activities for the specialist antimicrobial hygiene brand. Cadek will lead the company’s competence centre for technology innovation and will focus on breaking new ground to develop innovations in sustainability.

Pic: Glatfelter
US’ Glatfelter’s revenue improves 33 per cent in Q3 FY22

6th Nov 2022

Glatfelter Corporation, a global supplier of engineered materials, has announced that its revenue improved by 33 per cent, attributable to Jacob Holm acquisition (Spunlace), in the third quarter (Q3) of FY22 ended September 30. The company witnessed a record operating income in Airlaid Materials and goodwill impairment charge of $42.5 million for...

Pic: Ahlstrom-Munksjo
Ahlstrom invests €2 million in new laminator at Brazil plant

4th Nov 2022

Ahlstrom has invested €2 million in a laminator at the Louveira plant, Brazil. With a planned installation in 2023, the equipment will be operational by Q1 2024. This initiative will expand manufacturing capabilities at the Louveira plant. It reinforces the company’s ambition in filtration markets by shorter lead-times and improved local technical...

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Finland’s Suominen posts net sales of €131.9 million in Q3

29th Oct 2022

The net sales of Suominen Corporation, the global market leader in nonwovens for wipes, were €131.9 million (€98.7 million) in the third quarter of fiscal 2022. Sales volumes increased as did sales prices following the higher raw material prices. Currency impact was significantly positive at €11.1 million. The quarterly EBITDA improved to €5.1 million.

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UK’s NIRI continues investment to upgrade spray bonding capabilities

28th Oct 2022

UK-based Nonwovens Innovation and Research Institute Ltd (NIRI) announced that it will continue its investment strategy with major new upgrades to spray bonding capabilities for greater sustainability and better product performance. The institute features complete pilot-scale prototyping facilities for developing novel products and improving existing...

Pic: Kimberly-Clark
US’ Kimberly-Clark’s sales up 1% in Q3FY22

27th Oct 2022

The net sales of Kimberly-Clark was recorded at $5.1 billion in the third quarter of fiscal 2022, an increase of 1 per cent compared to the year-ago period, including organic sales growth of 5 per cent. Third quarter sales of the US-headquartered company’s consumer tissue segment was reported at $1.6 billion, registering an increase of 2 per cent.

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