Press Release

23rd Jun 2021

Cygnet Texkimp, a leading global provider of fibre handling and converting technology, has joined National Composites Centre (NCC) as an SME affiliate scheme member. Launched in October 2020, SME affiliate scheme gives small and medium-sized enterprises affordable access to NCC's expertise, state-of-the-art technology, training and networking...

22nd Jun 2021

Cintas Corp, a leading provider of workplace first aid and safety supplies, has announced the launch of its Advantage 97 product line. The line includes all of Cintas' most trusted safety products and personal protective equipment (PPE) stocked locally in Cintas warehouses across the US, assuring customers that local inventory will always meet their...

16th Jun 2021

Avgol, a subsidiary of global petrochemical producer Indorama Ventures Public Company Limited (IVL), has appointed Tommi Bjornman as its new CEO, replacing Shachar Rachim, who will focus on his broader role as CEO of IVL’s hygiene vertical in its fibres segment. Avgol provides the most comprehensive range of ultra-lightweight spun-melt non-woven...

10th Jun 2021

GST Seton AutoLeather, a leading global supplier of automotive leather components, has renamed the company to Pangea and established new brand identity, reflecting its commitment to be the world's most trusted automotive leather company. The company has also created unique new logo and brand identity, showcased throughout all of its communications...

9th Jun 2021

Hygiene and health company Essity has announced that Sahil Tesfu will join Essity's executive management team in the newly created position senior vice president group function strategy and business development. Tesfu joins Essity from the management consulting firm McKinsey & Company bringing significant experience in growth strategies and...

4th Jun 2021

Further to the announcement in February 2021, that hygiene and health company Essity had entered an agreement to acquire the remaining 63.8 per cent of the shares in Asaleo Care, Essity has announced that Asaleo Care shareholders voted in favour of accepting the offer. Essity will acquire remaining 63.8 per cent of the shares for AUD 1.40 cash per...

3rd Jun 2021

Gurit, a manufacturer of advanced composite materials and composite tooling equipment, has announced a five-year materials supply contract extension with the Swiss manufacturer Pilatus Aircraft Ltd. The agreement is a continuation of a long-standing partnership and is expected to generate double digit million CHF net sales over the 2021-2025 period.

1st Jun 2021

Suominen, Finland-based manufacturer of nonwovens as roll goods for wipes and other applications, had signed in July 2020 a syndicated revolving credit facility agreement of €100 million with a maturity of 3 years with 2 1-year extension options. Suominen has now agreed on utilisation of the first option, extending the maturity of the facility to July...

26th May 2021

Cristex Composite Materials, a UK-based premier supplier of high performance fibres and fabrics, has announced the arrival of the Ribamatic slitting machine. Cristex have made significant investments over the past 12 months to ensure the company can continuously support its customers’ needs and support the growth of its own production department.