Daddy Baby has obtained a patent for side waist opening and closing diapers On April 13, 2024, the financial sector reported that, according to the announcement of the China National Intellectual Property Administration, Daddy Baby Co., Ltd. has obtained an item entitled "a kind of side waist opening and closing diapers", with the authorization announcement number of CN110279524B and the application date of July 2019. The patent abstract shows that the present invention relates to the field of diaper technology, particularly to a side waist opening and closing diaper, including the side waist and crotch. The side waist includes a front waist and a rear waist, both of which are made of elastic non-woven fabric. Hook pieces are provided on both sides of the front waist, and cloth patches are provided on both sides of the rear waist. The hook pieces of the front waist and the cloth patches of the rear waist are adhered to form a circular side waist. The side waist of the present invention has a 360 degree elastic waist circumference and is equipped with hooks and fabric patches. The hooks and fabric patches can be firmly combined and easily separated, making it convenient to wear and replace diapers. The side waist is made of elastic non-woven fabric, replacing the traditional process of using a combination of ordinary non-woven fabric and rubber filament, making production simpler. A large area of the waist does not require the use of glue, resulting in more even elasticity and more comfortable wearing. By using straps, the fit of the crotch can be adjusted to avoid side leakage caused by improper fitting of the diaper.
Read MorePartners Group announced acquisition of Velvet Care Partners Group, a leading global private equity firm, has agreed to acquire Velvet Care, a manufacturer of household paper from Central Europe, from Abris Capital Partners and plans to create value through expansion in Central Europe and other regions. Velvet Care is one of the largest and fastest-growing producers of household paper (including wet toilet paper) in Central Europe, with over 850 employees in Poland and the Czech Republic. Velvet Care has significantly expanded its production scale by investing in production technology, infrastructure, and automation technology, becoming a sustainable growth industry leader. In 2023, Velvet Care obtained the B Corp Certification, which is globally recognized as the highest standard for corporate social and environmental performance, transparency, and accountability. The certified company promises to prioritize the implementation of the above matters in its business model, while also striving for profit, humanity, and the planet. Earlier in 2023, Velvet Care received a gold award from EcoVadis, a leading global environmental impact assessment service provider. Velvet Care's products include toilet paper, wiping paper, tissue paper, and wet toilet paper. In the past 26 years, the brand has been widely popular in Poland, and the company has also produced products for retail brands. Velvet Care has two factories in Klucze, Poland and Zabicce, Czech Republic, and its products are sold to more than 30 countries and regions, mainly in Europe.
Read MoreMetsӓ Tissue will build a new toilet paper factory in Yorkshire, UK Metsӓ Tissue announced the construction of an advanced toilet paper factory in Gul, Dongli Ding, Yorkshire, UK, with a planned production capacity of 240000 t/a. It will be built in several stages over the next decade. This new factory will cost hundreds of millions of pounds and use native wood pulp from sustainably managed Nordic forests as the main raw material. After completion, it will become the largest household paper factory in the UK. At present, up to 45% of toilet paper products in the UK and Ireland rely on imports. After the factory is built, it will significantly reduce the import volume of household paper in the UK and Ireland, increase the self-sufficiency rate of household paper products in the UK by more than 30%, and reduce dependence on imports, which will also help reduce the carbon footprint of products. The new factory will adopt sustainable production technology to build an efficient, modern, and environmentally friendly factory. Metsӓ Tissue Company attaches great importance to sustainable development and aims to achieve a net zero society by 2030 by using raw materials that do not use fossil fuels for all products. In addition, the company aims to operate all factories (including the newly built Gul factory) without using fossil fuels by 2030.
Read MoreTwo high-speed toilet paper machines from Shanghai Qingliang were successfully started up in Hubei Zhencheng and Suzhou Taisheng, respectively On March 26th, the 7th toilet paper machine TM69 supplied by Shanghai Qingliang to Suzhou Taisheng was successfully put into operation. Suzhou Taisheng and Shanghai Qingliang have signed a total of 8 environmentally friendly high-end toilet paper machines, with a width of 2850mm, a design speed of 1600m/min, and a single machine production capacity of over 25000 t/a. On March 30th, Shanghai Qingliang supplied Hubei Zhencheng's second toilet paper machine TM56, which was successfully put into operation. The first toilet paper machine from Shanghai Qingliang Supply Co., Ltd. was started on March 5th and has been running steadily. Hubei Zhencheng has signed a total of 4 environmentally friendly high-end toilet paper machines with Shanghai Qingliang. The paper machines have a width of 2850mm, a design speed of 1600m/min, and a single machine production capacity of over 25000 t/a.
Read MoreProcter&Gamble restructures its business in Nigeria and Argentina Procter&Gamble announced that it will restructure its operations in Nigeria and Argentina due to the challenging business environment in these two countries. Procter&Gamble plans to no longer produce in Nigeria, only import and sell related products, and is also planning to exit its business in the textile and home care categories in Argentina. Procter&Gamble stated that the company's main pricing method is in US dollars, and in recent years, the macroeconomic conditions in Nigeria and Argentina have not been optimistic, posing challenges for conducting business in these two countries. Although Procter&Gamble has not yet disclosed the specific time of its withdrawal, the company expects to undergo relevant restructuring throughout the entire fiscal years of 2024 and 2025. Procter&Gamble's CFO, Andre Schulten, stated that Procter&Gamble's net sales in Nigeria were $50 million, while its net sales in Argentina were approximately $400 million.
Read MoreStrike in Finland triggers global wood pulp supply chain tension Since March, the global paper industry has been facing a continuous shortage of wood pulp supply due to the strike in Finland, leading to a continuous rise in wood pulp market prices and triggering a new wave of price increases. This wave of price adjustment not only affects the wood pulp itself, but also directly affects the prices of various paper products mainly made from wood pulp. The impact of the recent increase in wood pulp prices on the paper industry is evident, which not only exacerbates market concerns about the rising cost of paper products, but also brings certain operational pressure to related enterprises. However, for large paper companies with strong cost transfer capabilities, it may also mean that they have improved their profitability to a certain extent. However, small and medium-sized paper enterprises may face more severe market conditions and profit margins due to the rapid increase in raw material costs. Overall, the global shortage of wood pulp supply caused by the Finnish strike has become a major issue that the paper industry cannot avoid in the near future. The new round of price hikes will have a profound impact on the entire industry chain upstream and downstream, and is worthy of close attention from enterprises and market parties.
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