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Pic: Garware Technical Fibres
Net sales of Indian firm Garware Technical Fibres rise 7% in Q1 FY24

18th Aug 2023

Indian firm Garware Technical Fibres Ltd reported a 7 per cent rise in net sales to ₹325.7 crore in Q1 FY24, compared to ₹304.5 crore in Q1 FY23. Profit before tax grew 54 per cent to ₹57.1 crore, and net profit after tax increased by 52 per cent to ₹43 crore. The EPS for Q1 FY24 stood at ₹21.08, a 54 per cent growth over the previous year.

Pic: Teijin
Japanese firm Teijin’s net sales at 244.8 bn yen in Q1 FY23

10th Aug 2023

Japanese company Teijin Limited's Q1 FY23 net sales rose slightly by 0.4 per cent to 244.8 billion yen, but operating income fell sharply to 4.2 billion yen. The fibres and products segment grew, with operating income up 77 per cent, while the materials segment struggled, impacted by a previous plant fire and slow recovery of the Chinese economy.

Pic: Freudenberg
Freudenberg expands global 3D entangled mat production in China

31st Jul 2023

Freudenberg Performance Materials has launched a 3D entangled mat production line in Changzhou, China, to supply Enka Solutions for building, industrial, and civil engineering applications in the APAC region. This investment will boost Enka Solutions production capacity and allow Freudenberg to serve customers in various technical markets.

Pic: Braskem
Brazil’s Braskem expands biopolymer production by 30%

31st Jul 2023

Braskem, located in Brazil, has increased the production capacity of its bio-based ethylene plant by 30 per cent through an $87 million investment. The plant now operates at 260,000 tons/year and produces bio-based ethylene from sugarcane-based ethanol, contributing to carbon neutrality. Braskem aims to produce one million tons of biopolymers by...

Pic: HB Fuller
US firm HB Fuller aims to reduce GHG emissions by 20% by 2025

26th Jul 2023

HB Fuller aims to decrease energy, greenhouse gas emissions, waste, and water intensity by 20 per cent and 10 per cent respectively by 2025. As of 2022, the company is on track with these sustainability goals. HB Fuller also published its Scope 3 GHG emissions for the first time and implemented a real-time sustainability data platform across...

Pic: Toray
Japan’s Toray to increase regular tow carbon fibre capacity

18th Jul 2023

Toray Industries plans to increase carbon fibre production capacity at its facilities in South Carolina, US, and Korea. The expansion aims to meet the rising demand for pressure vessel applications driven by the clean energy revolution. The expansion aligns with Toray's commitment to sustainability and its goal of contributing to a carbon-neutral...

Pic: GlobeNewswire
US’ Conagen develops debondable adhesive for textiles

12th Jul 2023

US-based Conagen has developed a debondable textile adhesive made from sustainable and natural biomolecules. The adhesive allows for quick and efficient correction of errors during clothing production, reducing material waste and costs. It also enables efficient material separation during textile recycling, contributing to a circular economy.

Pic: Shutterstock
TRA opens first scope review on glass fibre from Egypt

12th Jul 2023

The TRA has initiated a scope review regarding countervailing measures on continuous filament glass fibre products imported from Egypt. GRP Solutions Ltd has applied for the removal of duties on mats made of glass fibre filaments from Egypt. The TRA has found sufficient evidence to warrant a scope review and will publish its recommendation.

(L-R) Ojivind Hulgaard, Pond Global CEO and co-founder Thomas Brorsen Pedersen, Fiberpartner CEO Thomas Wittrup, and Ponds CTO Martin Jensen. Pic: Fiberpartner/LinkedIn
Denmark’s Fiberpartner joins Pond Global to boost bio-based plastics

11th Jul 2023

Fiberpartner and Pond Global are partnering to produce and market bio-based plastic staple fibres, offering a sustainable alternative to traditional polyester. Launching in H2 2023, the range will include fibres compatible with natural fibres and matching polyester's key properties. The bio-based materials are biodegradable and home compostable.

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