Suominen Corporation, the supplier of nonwovens and flexible packaging for use in consumer goods, has reported a decline in net sales from the continuing operations by 2% over the third quarter 2013. Operating profit excluding non-recurring items from continuing operations also decreased by 15% to EUR 5.3 million.
The company still predicts revenues to reach the estimate previously announced in July, as it reports positive business development for the January-September reporting period. Suominen is also about to go through the corporate structural reorganisation, due to take effect on 1 January 2014.
TenCate Advanced Composites has congratulated SpaceX, a space transport company, on the recent successful launch of the upgraded version of the Falcon 9 rocket from Vandenberg Air Force Base in the USA.
TenCate supplied SpaceX with a wide range of advanced composite materials, including high temperature prepregs for spacecraft structures to bulk moulding compounds used in compression moulded components.
Joe Morris, President of TenCate Advanced Composites, said: “SpaceX continues to set the bar higher and higher. They truly demonstrate the power of innovation and teamwork. We are proud and honoured to be able to support SpaceX on all of their key platforms with our advanced composite materials.”
Ahlstrom, a high performance fibre-based materials company, introduces Ahlstrom ReliaFlow, the new pre-treated conjugate release pad for reliable performance of the lateral flow diagnostics.
“The Ahlstrom ReliaFlow is a vital component to the lateral flow assay that provides a reliable and consistent performance and a cost effective solution to diagnostics customers, by eliminating a processing step in their manufacturing saving time, resources and costs,” explained Laia Guarro, VP Marketing, Advanced Filtration.
INDA’s 4th annual RISE 2013 Conference brought together technology seekers in the global nonwovens and engineered fabrics value chain for discussions about the latest technical innovations, and how they can be applied to help create value-added, more competitive products.
The conference took place from 30 September – 3 October at the Grand Hyatt in Denver, Colorado, welcoming more than 200 attendees, including a diverse group of marketing and technical executives, business development leaders and technical scouts.
“This year’s RISE conference delivered outstanding content and connection opportunities for all attendees. Both are key elements of INDA’s mission to provide thought leadership in innovation and technology to help members be successful. We are delighted with all the positive feedback we have received and the continued growth in attendance,” commented INDA president Dave Rousse.
The Hohenstein Institute in Boennigheim, Germany, has expanded its current range of tests to allow modern office and living spaces to achieve needed climate control with minimum energy use.
According to the institute, manufacturers of textiles, windows and multilayer glass as well as other transparent materials, such as films, will be able to use the test results to optimise their products specifically with regard to low energy transmission.
Pierre Wiertz, General Manager of EDANA, recognised the need for the companies to look ahead to 2020 and be aware of changing consumers’ needs and demands, at the closing session of the 12th edition of Outlook, the leading conference for the nonwovens personal care industry.
He also acknowledged the present expectations for companies across the supply chain to produce smart effective and resource-efficient products for today’s consumers. The show took place in Cascais, Portugal, last week.
Cytec Industrial Materials is adding two new products to its rail portfolio that meet the fire requirements of EN45545-2:2013.
The MTM 348FR is a versatile curing epoxy resin prepreg matrix offering fire protection to category HL2. In combination with either glass or carbon fibres, it is said to offer excellent mechanical performance, making it ideal for the manufacture of lightweight composite components for both interior and exterior structural and non-structural applications.
News that India's technical textile industry is set to be growing rapidly in the next few years comes as the Techtextil India trade fair welcomes more than 182 exhibitors from Austria, India, Turkey, Sweden, Switzerland, Czech Republic, UK, Netherlands, US, and other.
The industry is expected to grow at a rate of 20% annually to reach $ 36 billion by 2016-17. “Technical textile is an important part of the overall textile sector in India. Not only has it grown at an annual rate of 11% during 2006-11, but is also estimated to expand at a rate of 20% to reach $ 36 billion by 2016-17,” explained Raj Manek, Messe Frankfurt Trade Fairs India Managing Director.
The technical textile industry in India, whose current size is estimated at $ 17 billion, is seen as the next hub for both manufacturing and consumption, he said.
Suominen’s largest business unit, Nonwovens, will be divided into two new business areas, following the plans to reshape the corporation’s structure and reorganise its operations.
Through the changes, Suominen aims to achieve a more focused, transparent and agile operating model, which enables the company to further strengthen its ability to generate new business.
“With the more focused and customer derived operating model, we further enhance our ability to cater for specific customer needs and thereby accelerate both our own and our customers’ business; and ultimately improve our profitability,” explained Nina Kopola, President and CEO.
Archroma has announced its official launch as a newly formed colour and specialty chemicals company that comprises the former Textile Specialties, Paper Solutions and Emulsion Products businesses of Clariant.
To be led by CEO Alexander Wessels, the newly recruited senior leadership team will work closely with the current heads of the three businesses acquired from Clariant.
“We’re open for business with a new name and a financially strong and knowledgeable parent who believes in our technology, brand and leading market positions,” said new CEO Alexander Wessels.