Archive for March, 2013

Teijin launches recycled PET paper

Thursday, March 28th, 2013

By Barney Cox Monday, 18 March 2013

Japanese chemical and pharmaceutical company firm Teijin has launched a non-woven synthetic paper produced from recycled polyethylene terephthalate (PET) bottles.

The company claims that the new paper combines the best features of conventional papers and plastic films.

Applications include maps, tags, posters and labels that need to withstand extreme conditions, especially those that are wet. Unlike other synthetic films it is claimed to offer the scoring, folding, gluing, printing and writing characteristics of paper. (more…)

Glatfelter to Acquire Specialty Nonwovens Manufacturer Dresden Papier for €160 Million

Thursday, March 21st, 2013
by Business Wirevia The Motley Fool Mar 13th 2013 9:51AM

Glatfelter to Acquire Specialty Nonwovens Manufacturer Dresden Papier for €160 Million (Approximately U.S.$209 Million)

– Dresden Papier GmbH Holds Leading Position in Rapidly Growing Global Nonwoven Wallpaper Segment –

– Transaction Expected to be Immediately Accretive to Earnings by Approximately $0.25 Per Share on Annualized Basis –

– Acquisition to be Financed by a Combination of Cash on Hand and Debt –YORK, Pa.–(BUSINESS WIRE)– Glatfelter (NYS: GLT) , a global manufacturer of specialty papers and fiber-based engineered materials, today announced it has signed a definitive agreement to purchase Dresden Papier GmbH from Fortress Paper Ltd. (TSE: FTP) for €160 million (approximately U.S.$209 million). Glatfelter expects the acquisition to be immediately accretive to earnings per share by approximately $0.25 on an annualized basis. (more…)

Vita Nonwovens, LLC will discontinue the production of EnGuard® GlassFree Insulation as a consumer ready wall and ceiling insulation batt

Sunday, March 10th, 2013

HIGH POINT, N.C., March 4, 2013 /PRNewswire/ — The strategic decision comes in an effort to refocus and prioritize opportunities outside of this line that will more efficiently enhance the company’s growth and profitability.

The company will continue to support the green building and construction markets as an OEM supplier in certain instances.  “The continued growth of the green building market may warrant another look at the viability of the product in the future,” said Kevin Womble , Executive VP of Sales/Marketing, “but right now the economies of scale are not in our favor.” (more…)

FOCUS: Nonwovens in the Middle East and North Africa

Saturday, March 2nd, 2013

Wed Feb 27 2013, 16:57 PM

The Middle Eastern nonwovens sector is startingto grow from its Turkish and Saudi base. Paul Cochrane reports from Beirut

Nonwovens manufacturing has grown fast in the Middle East and North Africa (MENA) region, with most of the major players less than two decades old. With a burgeoning population and strong export potential, MENA production has in general doubled over the past five years, especially in the region’s manufacturing hubs of Saudi Arabia and Turkey, which currently have the strongest nonwovens sectors. But with heightened investment in the sector over the past two years, manufacturers elsewhere are squaring up for an increasingly competitive market as more supply comes online in 2013 and beyond. (more…)