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Lars Börger appointed as nova-Institute co-CEO
March 6th, 2025
Image: nova-Institute Lars Börger, Ph.D., has been appointed the new co-CEO of nova-Institute. Börger will serve as co-CEO alongside nova-Institute's current CEO, Michael Carus. He officially started his role on March 1. nova-Institute has been driving the transition away from fossil resources in the chemicals, plastics and other materials industries for 30 years. Through research […]
As tariffs begin, auto industry given one-month exemption
March 5th, 2025
Imports from Canada and Mexico to U.S. automakers were given a one-month exemption to new tariffs on goods from these two countries, which began March 4. This decision by President Donald Trump comes after a March 5 conversation with three leading U.S. auto manufacturers: Ford, General Motors and Stellantis. The administration indicated this would be […]
Jennie Hermans joins Herculite’s accounting team
March 5th, 2025
Image: Herculite Herculite Products Inc., Emigsville, Pa., announced that Jennie Hermans has been hired as an assistant controller within the company's accounting group. Hermans will oversee key financial functions in this role, including budgeting, financial reporting, audit and tax compliance, and internal controls. Her experience in accounting leadership roles will be instrumental in strengthening the […]
MycoWorks releases new performance data for Reishi biomaterial, launches e-commerce site
March 4th, 2025
Image: MycoWorks MycoWorks, a biotechnology company based in Emeryville, Calif., has released the latest performance data for its mycelium-based biomaterial, Reishi™. The material has also launched commercially on its e-commerce site HERE. Through a collaborative effort between MycoWorks' San Francisco, Calif.-based Innovation Center, and MycoWorks' tannery experts in Igualada, Spain, the company has rolled out Rei-Tanning™ technology. […]
Consumer spending fell for first time in nearly two years
March 3rd, 2025
Consumer spending in the U.S. dropped 0.2% in January—the first monthly decline since March 2023. The U.S. Bureau of Economic Analysis measures spending through the Personal Consumption Expenditures (PCE) index, and it decreased $30.7 billion. The bureau said that this reflected a $76.7 billion decrease in spending for goods and a $46.0 billion increase in […]
Precision Textiles, Culp Home Fashions launch flame-resistant inlay yarn
March 3rd, 2025
Image: Precision Textiles Precision Textiles, Fairfield, N.J., announced the company has partnered with Culp Home Fashions, Stokesdale, N.C., to launch the patented IQ Flame Resistant (FR) Inlay yarn for the bedding and mattress industry. The yarn allows manufacturers to produce mattress covers with FR technology without the need for lamination. “We partnered with Culp Home […]