Haoyue Nursing plans to purchase KAO Hefei factory and establish a branch in Hefei On January 31, 2024, Hangzhou Haoyue Nursing Products Co., Ltd. (hereinafter referred to as "Haoyue Nursing") announced that it plans to invest in and establish Haoyue Nursing Products (Hefei) Co., Ltd. in Hefei Economic Development Zone (specific registration name shall prevail), with an expected total investment of no more than 500 million yuan within 3 years. The business scope mainly includes non-woven fabrics, composite cores, wet toilet paper, wet wipes, disposable underwear, women's menstrual products, baby diapers, adult incontinence products and other products’ production and sales. Haoyue Hefei plans to use its own or self raised funds (not exceeding 235 million yuan) to purchase 123924.69 square meters of land, 116742.03 square meters of buildings, building facilities, 10 lines of baby diapers/pull-up pants equipment and their ancillary facilities/accessories held by Hefei KAO in Hefei Economic and Technological Development Zone, Anhui Province, through cash. According to the announcement, this transfer is an intentional cooperation agreement, representing only the cooperation intention of both parties. The formal asset purchase agreement has not been signed yet, and the specific cooperation content will be subject to the formal asset purchase agreement signed in the future. Haoyue Nursing's purchase of the Hefei KAO production line this time is based on the company's good utilization of existing baby product equipment production capacity. In accordance with the overall layout and development strategy of the enterprise, as well as the needs of new product research and development, and the expansion of new sales channels, the company will fully utilize the advantages of the existing facilities of the target object's factory and warehouse, reserve enough space for future business development, optimize existing business, and form new profit growth points, enhance the company's ability to sustain operations and overall competitiveness.
Read MoreNon-woven fabric manufacturers Berry and Glatfelt announce merger The world's two largest non-woven fabric manufacturers will collaborate to create value for their shareholders and provide innovative solutions based on polymers and fibers to their customers. Berry International Group and Glatfelt have reached a final agreement. Berry divested most of its business from its Healthcare, Hygiene, and Special Materials (HHS) division, including its Global Non-woven and Film business ("HHNF"), and merged with Glatfelt, a manufacturer of air-laid web non-woven and spunbond non-woven fabrics. This move will create a leading listed company in the special materials industry, now known as "NewCo". The board of directors of Berry and Glatfelt unanimously approved this transaction. Both companies are headquartered in the United States and have a total of 45 production bases worldwide. They possess a range of non-woven and non-woven related technologies, mainly concentrated in the end markets of healthcare, hygiene, wet wipes, and specialty materials. After the transaction is completed, Berry and Glatfelt shareholders will respectively hold 90% and 10% of the merged company's shares. At delivery, Berry will receive approximately $1 billion in net cash flow.
Read MorePampers Swaddlers diapers feature a new leak proof and blocking design The new Pampers Swaddlers baby diapers launched by Pampers use a new leak proof and blocking design, which can achieve 100% leak proof effect. A recent survey found that there are 13 million occurrences of baby diaper leaks per week in the United States. In addition, 6 out of 10 parents are concerned about the possibility of diaper leakage, and over one-third of parents (35%) are constantly worried about diaper leakage. The Pampers Swaddlers feature a unique design with a back waistband, front waistband, and absorbent surface layer to achieve leak prevention and keep baby skin dry and healthy. "This is an exciting new innovation for Pampers," said Marty Vanderstelt, a father of two children and Senior Vice President of North American Baby Care. "Even today, I still remember a terrible diaper leak my son experienced in the park when there were no toilets or changing rooms around us. Pampers added new leak proof properties to diapers to reassure parents and help them eliminate parenting problems." Pampers also collaborated with actresses Tia Mowry and McCollum to share their experiences of diaper leakage and raise awareness about this issue and the effectiveness of Pampers Swaddlers diapers in leak prevention. Swaddlers diapers are also equipped with dual leak proof edges around the legs, providing protection in the most prone areas to leaks. Use LockAway absorption tank to absorb and lock moisture away from the skin. At the same time, the soft and elastic sides help keep the diapers in the right position, closely following every movement of the baby. Reference from Household Paper
Read MoreAPP China won the "2023 ESG Pioneer Enterprise Award" The 13th Public Welfare Festival and 2023 ESG (Environmental, Social and Governance) Impact Annual Conference will be held in Beijing from January 23 to 24, 2024. APP China won the "2023 ESG Pioneer Enterprise Award" for its excellent ESG exploration and practice. Practicing ESG is not only the only way for enterprises to achieve sustainable development, but also an important booster for enterprise transformation and development. Since its entry into China in 1992, the APP has been committed to building an ESG system that promotes green circulation, employee growth, and local community development. At the same time, the APP China utilizes ESG to evaluate corporate governance, helping companies improve modern corporate governance and promote sustainable development. In 2021, APP China established the Group's 2030 Sustainable Development Strategy Framework and released the first Group ESG report at the 5th CIIE in 2022. At the 6th China International Import Expo, APP China also launched a new green standard system-APP Green, which is its deep implementation of ESG action goals and management practices related to green and low-carbon.
Read MoreZhongshun Jierou rushes to aid Xinjiang! Donate sanitary napkins worth 600000 yuan At 2:9 am on January 23rd, a 7.1 magnitude earthquake occurred in Wushi County, Aksu Prefecture, Xinjiang. As of around 20:00 on the 23rd, the earthquake has caused 3 deaths and 5 injuries, and 12426 people have been relocated and resettled. Zhongshun Jierou took immediate action and donated a 600000 yuan worth of Duoleimi sanitary napkins to assist earthquake victims.
Read MoreHeng’an Group uses its own strength to protect our country As a leading domestic household goods enterprise, Heng’an Group upholds the corporate mission of “Pursuing Health and Growing Together with You and Me”. Since its establishment, its brands such as Xinxiangyin, Seven Space, ElderJoy and Anerle have been committed to caring for families and different groups in society, from the education of girls in remote mountainous areas to caring for children with autism, and even calling for attention to the elderly. With one original intention, implement a sense of social responsibility to the end. In safeguarding the healthy growth of adolescent girls, In 2012, Heng’an Group’s Seven Space launched the “Wings of Growth” public welfare project, and youth education public welfare activities were carried out in primary and secondary schools across the country. Through videos and animations, knowledge about welfare lectures were set up and growth protection packages were distributed to guide them to face their menarche and treat gender growth scientifically. So far, it has covered more than 500000 adolescent girls nationwide. In addition, Heng’an Group’s ElderlyJoy together with the China Social Welfare Foundation, we will donate adult diapers supplies worth nearly 200000 yuan to 5 hospitals, nursing homes, and 23 local villages and towns in need in Jiangxi and Jiangsu provinces, specifically for alleviating the plight of disabled elderly people and responding to social needs through public welfare actions. Heng’an Group has always calling for different groups in society, recognizing their needs, safeguarding them, and use its own strength to protect our country.
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