Company News

July 18, 2022

More On Carpenter/Recticel

CMA opens phase 2 investigation

Occasional information, Brussels, 18/07/2022 — 09:58 CET, 18.07.2022

As of this morning, the UK Competition and Markets Authority (the “CMA”) has published its decision that the remedy undertakings offered by Carpenter cannot be accepted by the CMA under the Enterprise Act 2002 and that it will refer the case to Phase 2 (the CMA’s publication can be found here.

This means that the CMA will investigate in more detail what impact the intended transaction will have on competition, and what remedy undertakings could be committed to by the parties in order to allow for clearance of the transaction.

Recticel is currently analyzing the impact of the CMA’s decision together with Carpenter and will provide an update about any further development in due time.

https://www.recticel.com/cma-opens-phase-2-investigation.html

July 18, 2022

More On Carpenter/Recticel

CMA opens phase 2 investigation

Occasional information, Brussels, 18/07/2022 — 09:58 CET, 18.07.2022

As of this morning, the UK Competition and Markets Authority (the “CMA”) has published its decision that the remedy undertakings offered by Carpenter cannot be accepted by the CMA under the Enterprise Act 2002 and that it will refer the case to Phase 2 (the CMA’s publication can be found here.

This means that the CMA will investigate in more detail what impact the intended transaction will have on competition, and what remedy undertakings could be committed to by the parties in order to allow for clearance of the transaction.

Recticel is currently analyzing the impact of the CMA’s decision together with Carpenter and will provide an update about any further development in due time.

https://www.recticel.com/cma-opens-phase-2-investigation.html

July 14, 2022

Furniture Woes

Furniture manufacturer announces changes to Mississippi facility, layoff of 300 jobs

Published 5:55 am Saturday, July 2, 2022

By Magnolia State Live

One of the largest furniture manufacturers in the state has announced that it is laying off 300 workers in Mississippi and North Carolina.

Furniture Today reports that United Furniture Industries Inc., which is known to consumers as Lane Home Furnishings, will be transforming a manufacturing factory in Amory to a warehousing-only facility; closing a metal stamping facility in High Point, NC.; and transitioning a Winston-Salem, N.C. operation to an East Coast distribution center.

Company CEO Todd Evans said the reason for the layoffs is because the industry is experiencing a drastic decrease in consumer demand.

In all, 300 employees will be laid off, but it is not clear how many of those jobs will be in Mississippi.

The changes will leave the company with 2,700 employees in three states and Vietnam.

July 14, 2022

Furniture Woes

Furniture manufacturer announces changes to Mississippi facility, layoff of 300 jobs

Published 5:55 am Saturday, July 2, 2022

By Magnolia State Live

One of the largest furniture manufacturers in the state has announced that it is laying off 300 workers in Mississippi and North Carolina.

Furniture Today reports that United Furniture Industries Inc., which is known to consumers as Lane Home Furnishings, will be transforming a manufacturing factory in Amory to a warehousing-only facility; closing a metal stamping facility in High Point, NC.; and transitioning a Winston-Salem, N.C. operation to an East Coast distribution center.

Company CEO Todd Evans said the reason for the layoffs is because the industry is experiencing a drastic decrease in consumer demand.

In all, 300 employees will be laid off, but it is not clear how many of those jobs will be in Mississippi.

The changes will leave the company with 2,700 employees in three states and Vietnam.

July 14, 2022

Foamed Hytrel

Dupont Rolls Out Recyclable Hytrel Foam for Footwear, Furniture

By Arthur Friedman

DuPont Mobility & Materials launched the commercial availability of new closed-cell Hytrel foam created via supercritical fluid foaming.
The Newton Gravity 11 running shoe features a full-foot Hytrel foam insole for cushioning and responsiveness. CREDIT: Courtesy

DuPont Mobility & Materials announced the commercial availability of new closed-cell Hytrel foam created via a supercritical fluid (SCF) foaming process.

While a wide range of applications can benefit from the greater shock absorption and durability of new Hytrel foam, manufacturers of footwear, sporting goods, consumer goods, furniture, and wire and cable jacketing are expected to be early adopters of the new solution.

This fully recyclable material is the first foamed product in the Hytrel product family. It not only reduces environmental impact, but customers have also confirmed that it delivers up to 15 percent greater resilience and 20 percent less weight than thermoplastic urethane (TPU, E-TPU), polyurethane (PU) and ethylene vinyl acetate (EVA) foams, the company said.

“It’s no secret that brand owners such as Newton Running Company are looking for more sustainable materials and production methods to counter climate change,” said Hilary Wang, marketing manager at DuPont Mobility & Materials.DuPont Mobility and Materials launched the commercial availability of new closed-cell Hytrel foam created via supercritical fluid foaming.

A close-up of Hytrel foam shows its closed cell structure.

These companies are also actively seeking a more sustainable process than chemical foaming, which is being restricted or even phased out in some countries, Wang noted. Unlike foamed materials that rely on chemical foaming agents, new Hytrel foam is produced using CO2 and N2 gases, which are found in the time-tested, proven SCF process, according to DuPont Mobility & Materials.

This process offers three benefits–no residues from chemical foaming agents in the final products, no volatile organic compounds (VOCs) are emitted so global warming potential is reduced, there are no odors or allergens present and the resulting foam is skin-contact compatible.

DuPont Mobility & Materials will showcase new Hytrel foam and other cutting-edge solutions and technology innovations at the upcoming K 2022 trade fair for the plastics and rubber industry. This international event, held once every three years, takes place Oct. 19-26 in Düsseldorf, Germany.

DuPont Mobility & Materials delivers a broad range of technology-based products and solutions to the automotive, electronics, industrial, consumer, medical, photovoltaic and telecom markets.

https://sourcingjournal.com/footwear/footwear-innovations/dupont-mobility-materials-recyclable-hytrel-foam-footwear-furniture-351069/