yarn news

3rd May 2024

Schouw & Co has experienced a strong start to 2024, with the earnings of first quarter (Q1) reaching DKK 625 million ($93.82 million), notably driven by BioMar's exceptional performance, yielding DKK 270 million ($38.85 million) in EBITDA. With a positive outlook, the Denmark-headquartered company anticipates sustained growth amidst market volatility.

3rd May 2024

Italian researchers, with EU funding, are using web-like structure of mushroom’s root system—the mycelium—as an alternative to synthetic fibres. The project called MY-FI at Mogu is developing non-woven fabrics made of mycelium fibres. The MY-FI mycelium needs very little soil, water or chemicals, giving it greener credentials than even natural...

2nd May 2024

Kimberly-Clark Professional's 2024 Greenovation Awards recognise 56 companies for sustainability leadership, diverting 419,689 pounds of PPE from landfills through The RightCycle Programme. Since 2011, it has diverted over 5.5 million pounds of waste. Customers commend the programme's effectiveness, highlighting its role in achieving sustainability ...

1st May 2024

Ahlstrom refines strategy, streamlines divisions into filtration, life sciences, food packaging, protective materials. Enhanced capabilities address global trends: clean air, water, sustainable packaging, electrification. It strengthens Ahlstrom's position in the market, enabling it to better serve customers' needs and contribute to a more...

30th Apr 2024

Albany International reported a 16.4 per cent rise in net revenues, reaching $313.3 million in Q1 FY24. The machine clothing segment drove growth with a 20.9 per cent increase. Gross profit rose to $108.7 million, despite a drop in overall gross margin. Net income slightly increased to $27.3 million, and adjusted EBITDA grew by 8.3 per cent to...

30th Apr 2024

Andritz has enhanced Essity's tissue machine in England, optimising combustion control to reduce gas consumption by up to 4 per cent. This upgrade significantly lowers CO2 and NOx emissions, improving safety and sustainability. The collaboration underscores Andritz's commitment to supporting Essity in achieving efficient and eco-friendly tissue...

27th Apr 2024

Owens Corning reported Q1 FY24 net sales of $2.3 billion, unchanged from last year, with net earnings margins at 13 per cent. Adjusted EBIT and EBITDA margins were 19 per cent and 25 per cent, respectively. Composites sector sales fell 11 per cent to $523 million due to lower volumes and price drops, partially offset by positive pricing in...

27th Apr 2024

Amcor and Kimberly Clark introduce Huggies Eco Protect diaper packaging in Peru, incorporating 30 per cent recycled materials. The bags feature post-consumer recycled content and align with a circular economy approach. Developed by Amcor, the packaging maintains performance while reducing energy consumption, carbon footprint, and water usage.

27th Apr 2024

Swedish company Essity's Q1 FY24 saw a net sales decrease of 4.1 per cent to SEK 34.85 billion (approximately $3.2 billion). Despite this, EBITA rose by 4 per cent to SEK 4.52 billion, and EBITA excluding IAC increased by 14 per cent to SEK 4.88 billion. Operating cash flow surged 48 per cent to SEK 4.25 billion. Profit soared to SEK 11.49...