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German firm Evonik’s sales at $16.6 bn in FY23

5th Mar 2024

Evonik Industries’ FY23 sales fell 17 per cent to €15.3 billion ($16.6 billion). Adjusted EBITDA hit €1.66 billion. Smart materials division saw a 15 per cent sales drop, with adjusted EBITDA down 27 per cent to €540 million. Performance materials sales decreased 22 per cent, while the adjusted EBITDA plummeted 68 per cent to €111 million.

US’ INDA honours 4 nonwoven professionals with lifetime awards

12th May 2023

INDA, the association of the nonwoven fabrics industry, has awarded Jan O’Regan, Seshadri Ramkumar, Jim Robinson, and Ed Thomas with the Lifetime Service Award and Lifetime Technical Achievement Awards. These individuals are being honoured for their contributions to the growth and advancement of the nonwovens industry and their invaluable support.

Jessica Alm. Pic: Essity
Sweden’s Essity names Jessica Alm as chief communication officer

23rd Feb 2023

Sweden’s hygiene and health company, Essity, has unveiled that Jessica Alm will join the executive management team in the role of chief communication officer. Alm will join from the industrial company, Sandvik, where she has served in various roles, the past ten of which as head of group communications and as a member of group executive management.

Pic: Norco Composites
UK’s Norco Composites names Carl Partridge as new sales director

12th Jan 2023

Norco Composites has named Carl Partridge as its sales director. The UK-based company is a leading producer of lightweight composite structures and innovative GRP mouldings and supplies it to all its customers all over the world. As a GRP manufacturer, the company meets the requirement of its customers for cost-effective high quality fibreglass...

Amy Reardon. Pic: INDA
US’ Web Industries names Amy Reardon Doherty as VP, legal

22nd Dec 2022

US’ Web Industries, a manufacturing partner in aerospace, medical, home care, and industrial markets, has named Amy Reardon Doherty as vice president, legal. Over her career, Doherty has advised executives and business partners on many legal, financial, IP, and business issues. Web Industries provides precision converting and outsource manufacturing.

Pic: Carbios
France’s Carbios aims to depolymerise 60 tons of PET in 2023

19th Dec 2022

France-based chemical company Carbios has formalised several targets in its newly released 2021 sustainability report. The environmental objectives include using the LCA method to maximise circularity and aim for the lowest carbon impact and commitment to depolymerising 60 tons of PET in 2023 at the demonstration plant in Clermont-Ferrand.

India's Union minister Piyush Goyal. Pic: PIB
India’s National Technical Textile Mission to boost innovation

10th Dec 2022

India’s National Technical Textile Mission is working to promote innovation and production in the textile sector, said Union minister Piyush Goyal at the CII Global Economic Policy Summit in New Delhi. He added that the government is making efforts towards boosting the cotton sector and that the pandemic highlighted the country’s dependence on supply...

Pic: Shutterstock
74 research projects worth ?232 cr approved under NTTM in India so far

9th Dec 2022

Under the National Technical Textiles Mission (NTTM), India has so far approved 74 research projects worth ?232 crore in the areas of speciality fibres and technical textiles by premier research institutes and organisations in association with industry partners, minister of state for textiles Darshana Jardosh told the lower house of parliament recently.

Pic: Stavian Quang Yen Petrochemical
Vietnam’s Stavian Chemical chooses 2 licences to boost PP production

5th Nov 2022

Vietnamese company and project investor Stavian Quang Yen Petrochemical Plant has chosen two of world’s leading advanced technology licenses, Honeywell UOP and Basell Poliolefine Italia, for its polypropylene production. With this move, the company expects to bolster its exports of petrochemical products to international market and domestic supply.

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