28 Feb 2024
SONGWON announces FY2023 financial results
SONGWON Industrial Group today released its financial results for FY 2023. In the 4th quarter of 2023, SONGWON Industrial Group recorded consolidated sales of 245,709 Million KRW with a gross profit margin of 11.6%, representing a -17.4% decline in revenue and a -5.5%-points reduction in the gross profit margin compared to Q4/2022. The net profit for Q4/2023 stood at 2,893 Million KRW (Q4/2022: 8,459 Million KRW). SONGWON ended 2023 with overall consolidated sales totaling 1,029,975 Million KRW, 22.5% lower than the previous year (FY2022: 1,329,509 Million KRW).
27 Feb 2024
Syensqo expands its bio-based portfolio with a new MTM® epoxy prepreg
Syensqo, previously part of Solvay Group, has developed a new version of its flagship MTM® 49-3 resin that contains 30% bio-sourced monomers. The new product variant complements the portfolio of the company’s MTM® advanced prepregs and targets structural automotive applications, including body panels, chassis components and spoilers.
26 Feb 2024
TANOS selects reycled ABS products from INEOS Styrolution for new mobile system case
TANOS, one of the global leaders offering innovative and comprehensive storage management and transportation solutions, has selected mechanically recycled ABS[1] from INEOS Styrolution for their new mobile system case “Systainer³ Eco M 187”. The Terluran® ECO GP-22 MR70 from INEOS Styrolution used in this application has a 47% lower CO2e footprint compared to conventional plastics.
26 Feb 2024
Mondi collaborates with Veyzle, WEPA and Soprema to make release liner production waste more circular
Mondi, a global leader in packaging and paper, has improved the circularity of material flows in two release liner production sites in Germany and the Netherlands. 95 % of the production waste is now used as secondary raw material for other industries, thanks to its strategic partnerships.
22 Feb 2024
Archroma inspires mills and brands at EXINTEX 2024 with Super Systems+ for enhanced economic and environmental sustainability
Archroma, a global leader in specialty chemicals towards sustainable solutions, is focusing on innovations that deliver both economic and environmental sustainability at this year’s EXINTEX textile industry fair in Puebla, Mexico.
22 Feb 2024
KRAIBURG TPE launches Recycling Content TPE for Automotive with at least 73% recycled content
KRAIBURG TPE has released a new range of thermoplastic elastomer (TPE) products that contain at least 73% recycled content. The new Recycling Content TPE for Automotive series has been designed to fulfil a variety of technical applications. Here, KRAIBURG TPE is also pleased to announce an agreement with Tessi Supply, which will use the grades to produce inlay cases and floor mats.
22 Feb 2024
Archroma and Pointcarre collaborate to bring more color to the textile industry’s digital workflow
Archroma Textile Effects, a global leader in specialty chemicals towards sustainable solutions, is bringing its entire portfolio of 5,760 colors to enrich the Pointcarre digital textile design and manufacturing (CAD/CAM) system.
22 Feb 2024
Syensqo launches new Swyft-Ply™ brand of composites for electronic and smart devices
Syensqo, previously part of Solvay Group, has announced the launch of Swyft-Ply™, a new composite material brand that enhances design options for the electronic and smart devices market. ‘Swyft’ emphasizes the fast-curing nature of the company’s strong and lightweight composites, and ‘Ply’ reflects the use of multiple material layers in the design of composite parts.
