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05.05.2023

Perstorp: Actionable plans in place for reaching 2030 sustainability targets

Sustainable solutions provider Perstorp has turned its ambitious sustainability targets for 2030 into actionable roadmaps on the corporate level as well as for each of its production plants, outlining hands-on activities to lower greenhouse gas emissions, reduce waste, save fresh water and enable sustainable transformation throughout the value chain.

Over the last year, Perstorp has presented ambitious sustainability targets for greenhouse gas emissions (Scope 1, 2 and 3), as well as for water and waste, to be reached by 2030. The company has now supplemented those targets with roadmaps outlining the steps and actions needed to fulfil them and support customers in reducing their carbon footprint as well as lead Perstorp toward its long-term ambition of becoming Finite Material Neutral.

Sustainable solutions provider Perstorp has turned its ambitious sustainability targets for 2030 into actionable roadmaps on the corporate level as well as for each of its production plants, outlining hands-on activities to lower greenhouse gas emissions, reduce waste, save fresh water and enable sustainable transformation throughout the value chain.

Over the last year, Perstorp has presented ambitious sustainability targets for greenhouse gas emissions (Scope 1, 2 and 3), as well as for water and waste, to be reached by 2030. The company has now supplemented those targets with roadmaps outlining the steps and actions needed to fulfil them and support customers in reducing their carbon footprint as well as lead Perstorp toward its long-term ambition of becoming Finite Material Neutral.

The largest greenhouse gas emissions are found in Scope 3, which includes raw materials and end-of-life treatment of Perstorp’s products. The Scope 3 roadmap includes the steps necessary to drive the transition of the product portfolio from fossil-based to more sustainable, lower carbon footprint alternatives. This, in turn, will help enable Perstorp’s customers to achieve their own sustainable transition. One key project in this roadmap is Project Air, an initiative aiming to replace all the fossil methanol that Perstorp uses in Europe with methanol produced from residue streams such as carbon capture and utilization (CCU) and renewable sources like biogas. This alone is expected to reduce carbon dioxide emissions by 500,000 tons per year.

The corporate Scope 1 & 2 targets (direct greenhouse gas emissions from Perstorp´s production plants and purchased energy), as well as the targets for water and waste, have been broken down into local targets and roadmaps, firmly anchored in the specific prerequisites for each production plant.

Initiatives on reducing energy consumption and shifting to energy from non-fossil or recovered sources can, for example, be found in the local roadmaps, while the steps to reach those targets are tailored specifically to each location. Among the planned local activities are also initiatives to replace fresh water used in the production with purified wastewater and to find different ways to reuse and recycle waste from production.

More information:
Perstorp chemical industry Sustainability
Source:

Perstorp

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(c) ANDRITZ
05.05.2023

New ANDRITZ partnership for industrial-scale recycling technology

International technology group ANDRITZ entered a partnership with Pellenc ST and Nouvelles Fibres Textiles to set up the very first industrial-scale automatic textile sorting line in France combining automated sorting and recycling technology.

The partners have expert knowledge in sorting technologies (Pellenc ST), textile machinery and processes (ANDRITZ), as well as post-consumer textile value chains from sorting to manufacturing (Nouvelles Fibres Textiles newly founded by Les Tissages de Charlieu and Synergies TLC).

The new textile sorting line being built is the first to combine Pellenc ST's automated sorting technologies with ANDRITZ’s recycling technologies. It will process post-consumer textile wastes to produce recycled fiber engineered for the spinning, nonwoven and composite industries. Starting operations in mid-2023, it will serve as a production line for Nouvelles Fibres Textiles, as an R&D line for the three partners, and as a test and demonstration center for their customers.

International technology group ANDRITZ entered a partnership with Pellenc ST and Nouvelles Fibres Textiles to set up the very first industrial-scale automatic textile sorting line in France combining automated sorting and recycling technology.

The partners have expert knowledge in sorting technologies (Pellenc ST), textile machinery and processes (ANDRITZ), as well as post-consumer textile value chains from sorting to manufacturing (Nouvelles Fibres Textiles newly founded by Les Tissages de Charlieu and Synergies TLC).

The new textile sorting line being built is the first to combine Pellenc ST's automated sorting technologies with ANDRITZ’s recycling technologies. It will process post-consumer textile wastes to produce recycled fiber engineered for the spinning, nonwoven and composite industries. Starting operations in mid-2023, it will serve as a production line for Nouvelles Fibres Textiles, as an R&D line for the three partners, and as a test and demonstration center for their customers.

Nouvelles Fibres Textiles aims to become a reference in both industrial grade material production and industrial scale post-consumer textile sorting, thanks to innovative technologies with hard point removal providing pure fibers, selective colors, and differentiated fiber types.

Nouvelles Fibres Textiles’ partners also work closely together in R&D at the ANDRITZ Laroche and Pellenc ST technical centers to keep pushing technical boundaries.

More information:
Andritz Recycling circular economy Pellenc ST Nouvelles Fibres Textiles sorting facilities
Source:

ANDRITZ AG

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(c) FET
FET Melt Spinning system
05.05.2023

FET exhibits at ITMA 2023

Fibre Extrusion Technology Ltd (FET) of Leeds, UK will be exhibiting at ITMA 2023, taking place between 8-14 June Milan, Italy. FET has commissioned its biggest ever stand to reflect the company’s commitment to this event and the textile industry.

FET designs, develops and manufactures extrusion equipment for a wide range of high value textile material applications worldwide. Central to FET’s success has always been its ability to provide customers with advanced facilities and equipment, together with unrivalled knowledge and expertise in research and production techniques.

The new FET Fibre Development Centre will further improve this service, allowing clients to trial their own products in an ideal environment. Resident equipment in the Fibre Development Centre reflects the wide range of fibre extrusion systems offered by FET to clients worldwide and will enable continued growth of the company through innovation.  

Fibre Extrusion Technology Ltd (FET) of Leeds, UK will be exhibiting at ITMA 2023, taking place between 8-14 June Milan, Italy. FET has commissioned its biggest ever stand to reflect the company’s commitment to this event and the textile industry.

FET designs, develops and manufactures extrusion equipment for a wide range of high value textile material applications worldwide. Central to FET’s success has always been its ability to provide customers with advanced facilities and equipment, together with unrivalled knowledge and expertise in research and production techniques.

The new FET Fibre Development Centre will further improve this service, allowing clients to trial their own products in an ideal environment. Resident equipment in the Fibre Development Centre reflects the wide range of fibre extrusion systems offered by FET to clients worldwide and will enable continued growth of the company through innovation.  

For the first time at ITMA, the new FET Spunbond range will feature. This system provides opportunities for the scaled development of new nonwoven fabrics based on a wide range of fibres and polymers, including bicomponents. Recent customers to benefit from FET spunbond systems include the University of Leeds and an integrated metlblown / spunbond system at the University of Erlangen-Nuremberg in Germany.

FET’s established expertise remains in laboratory and pilot meltspinning equipment for a vast range of applications, such as precursor materials used in high value technical textiles, sportswear, medical devices and specialised novel fibres from exotic and difficult to process polymers. FET has successfully processed almost 30 different polymer types in multifilament, monofilament and non-woven formats, collaborating with specialist companies worldwide to promote greater sustainability through innovative manufacturing processes. Where melt spinning solutions are not suitable, FET provides a viable alternative with pilot and small scale production wet spinning systems.

A major theme at ITMA will again be sustainability. The FET range of laboratory and pilot extrusion lines is ideally suited for both process and end product development of sustainable materials. “This year we are celebrating FET’s 25th anniversary” says FET Managing Director Richard Slack “and we look forward to meeting customers at ITMA, where we can discuss their fibre technology needs.”

More information:
Fibre Extrusion Technology FET ITMA ITMA 2023 spunbond technology meltspinning Sustainability
Source:

Fibre Extrusion Technology Ltd

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05.05.2023

SGL Carbon: Business Development in Q1 2023

  • Sales increase by 4.7% to €283.7 million in Q1 2023
  • Adjusted EBITDA improves by 9.0% to €40.1 million
  • Growth based in particular on strong demand from the semiconductor industry

SGL Carbon generated Group sales of €283.7 million in Q1 2023 (Q1 2022: €270.9 million). This corresponds to an increase of €12.8 million or 4.7% compared to the same period of the previous year. Increased demand for specialty graphite components for the semiconductor industry from the Graphite Solutions business unit contributed in particular to the pleasing increase in sales. But also the Process Technology and Composite Solutions business units continued their positive business development.

Accordingly, adjusted EBITDA (EBITDApre) improved by 9.0% to €40.1 million in the reporting period (Q1 2022: €36.8 million).

  • Sales increase by 4.7% to €283.7 million in Q1 2023
  • Adjusted EBITDA improves by 9.0% to €40.1 million
  • Growth based in particular on strong demand from the semiconductor industry

SGL Carbon generated Group sales of €283.7 million in Q1 2023 (Q1 2022: €270.9 million). This corresponds to an increase of €12.8 million or 4.7% compared to the same period of the previous year. Increased demand for specialty graphite components for the semiconductor industry from the Graphite Solutions business unit contributed in particular to the pleasing increase in sales. But also the Process Technology and Composite Solutions business units continued their positive business development.

Accordingly, adjusted EBITDA (EBITDApre) improved by 9.0% to €40.1 million in the reporting period (Q1 2022: €36.8 million).

Sales development
In the first three months of fiscal year 2023, the business unit Graphite Solutions was the main driver of SGL Carbon's growth with an increase in sales of €21.3 million or 17.8%. This is due in particular to the reallocation of production capacities from the solar industry market segment to the semiconductor industry. The Process Technology (+€6.6 million) and Composite Solutions (+€4.0 million) business units also contributed to the increase in sales.

The Carbon Fibers (CF) business unit recorded a decline in sales of €24.0 million in the reporting period. The decline is mainly due to the scheduled expiry of the attractive supply contract for the BMW i3 in the middle of last year. Freed-up production capacities were compensated by orders from the wind industry in the 2nd half of 2022. But the necessary construction of wind turbines in Europe is currently stalling. Low building permits and high manufacturing costs are temporarily hampering the construction and expansion of wind parks and therefore the necessary increase in renewable energy.

Earnings development
In line with the sales development combined with higher capacity utilization and positive product mix effects, adjusted EBITDA (EBITDApre) improved from €36.8 million to €40.1 million in Q1 2023, representing a quarter-on-quarter increase of 9.0%.

Taking into account depreciation and amortization of €14.3 million (Q1 2022: €14.1 million) as well as one-off effects and non-recurring items of minus €0.1 million, EBIT in the reporting period amounted to €25.7 million (Q1 2022: €31.2 million). It should be noted that Q1 of the previous year was positively impacted by one-off effects and and non-recurring items amounting to €8.5 million. Accordingly, net profit for the period of €15.3 million was lower than in the same quarter of the previous year (€21.5 million).

Debt, equity and capitel expenditure
Net financial debt increased slightly to €174.2 million as of March 31, 2023 (Dec. 31, 2022: €170.8 million). The leverage ratio remains unchanged at 1.0. Due to the positive consolidated net income, the equity ratio increased again slightly compared to the end of fiscal 2022 to 39.5% (Dec. 31, 2022: 38.5%).

Looking at the capital expenditure in Q1 2023, it amounted to €19.0 million, which is higher than the average values of the previous quarters. "At the beginning of 2023, we had already announced the expansion of our investment activities to expand production capacities in the Graphite Solutions business unit. In previous years, our capital expenditure was in line with depreciation and amortization. In addition to these approximately €60 million, we will invest further €20 to €30 million in 2023, which will be financed by advance payments in the context of long-term supply contracts from our customers in the semiconductor industry. Our semiconductor customers secure future production capacities for graphite components, which are needed for their own growth. In return, SGL Carbon's long-term supply contracts will enable future profitable growth," said Dr. Torsten Derr, CEO of SGL Carbon.

Outlook
In line with the business performance in the first three months of 2023, the company confirms the sales and earnings guidance issued on March 23, 2023.

For the financial year 2023, Group sales are expected to be at the prior-year level and  EBITDApre between €160 - 180 million. Taking into account depreciation and amortization, EBITpre is forecast to be between €100 - 120 million. Furthermore, free cash flow at the end of fiscal 2023 is expected to be at the prior-year level and return on capital employed (ROCE) between 10% and 12%.

More information:
SGL Carbon carbon fibers financial year 2023
Source:

SGL CARBON SE

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05.05.2023

Stahl's emissions reduction targets approved by Science Based Targets initiative (SBTi)

Stahl announces that its near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). Stahl is one of the few coatings companies to receive this validation. To date, 145 companies in the chemicals sector have submitted an emissions reduction target to the SBTi, of which 61 have had their targets validated.

Stahl’s science-based targets, which reflect the company’s commitment to the 2015 Paris Agreement goals, are:  

  • Stahl Holdings B.V. commits to reduce absolute scope 1 & 2 GHG emissions 42.0% by CY2030 from a CY2021 base year.*
  • Stahl Holdings B.V. commits to reduce absolute scope 3 GHG emissions 25.0% by CY2030 from a CY2021 base year.

The SBTi classifies emissions reduction targets according to two potential temperature pathways: 1) limiting global temperature rises to 1.5°C above pre-industrial levels, and 2) limiting temperature rises to well below 2°C. The SBTi has determined that Stahl’s Scope 1 and 2 target is in line with a 1.5°C trajectory, while Stahl’s Scope 3 target has been validated in line with the well-below 2°C pathway.

Stahl announces that its near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). Stahl is one of the few coatings companies to receive this validation. To date, 145 companies in the chemicals sector have submitted an emissions reduction target to the SBTi, of which 61 have had their targets validated.

Stahl’s science-based targets, which reflect the company’s commitment to the 2015 Paris Agreement goals, are:  

  • Stahl Holdings B.V. commits to reduce absolute scope 1 & 2 GHG emissions 42.0% by CY2030 from a CY2021 base year.*
  • Stahl Holdings B.V. commits to reduce absolute scope 3 GHG emissions 25.0% by CY2030 from a CY2021 base year.

The SBTi classifies emissions reduction targets according to two potential temperature pathways: 1) limiting global temperature rises to 1.5°C above pre-industrial levels, and 2) limiting temperature rises to well below 2°C. The SBTi has determined that Stahl’s Scope 1 and 2 target is in line with a 1.5°C trajectory, while Stahl’s Scope 3 target has been validated in line with the well-below 2°C pathway.

Maarten Heijbroek, CEO of Stahl: “The validation of our Scope 1, 2, and 3 emissions reduction targets by the SBTi is an important milestone on our ESG journey as we strive to limit our contribution to global warming, in line with the Paris Agreement. Our targets are ambitious, and rightly so. Realizing our goal to help create a more responsible coatings value chain starts with being accountable for our own environmental impact, and taking concrete steps to reduce our emissions wherever possible.”

A clear strategy to reduce GHG emissions
Stahl’s approach to realizing its near-term emissions reduction targets is outlined in the company’s Environmental, Social, and Governance (ESG) Roadmap to 2030. This strategy defines the specific metrics against which progress on the company’s ESG commitments will be measured.

Stahl’s Scope 1 and 2 GHG emissions reduction targets, as submitted to the SBTi, cover emissions from all manufacturing sites where Stahl products are produced, as well as the company’s largest non-manufacturing locations. Stahl aims to lower these emissions by reducing its overall energy consumption and increasing the use of renewable energy at its sites. To achieve this, the company plans to increase its self-generated electricity capacity (using solar power, for example) and continue investing in more energy-efficient equipment.

Stahl plans to reduce its Scope 3 upstream emissions primarily by replacing fossil-based raw materials in its products with renewable alternatives, such as bio-based and recycled-based feedstocks. In addition, the company plans to introduce more low-impact raw materials into its product design.

* The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks.

More information:
Stahl Coatings SBTi Science Based Targets initiative greenhouse gas emissions
Source:

Stahl Holdings B.V.

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(c) Baldwin Technology Company Inc.
05.05.2023

Baldwin presents range of technologies at Graphics Canada

Baldwin Technology Company Inc. will introduce its range of technologies at Graphics Canada, which will take place at the Toronto International Centre, May 11-13.
 
Solutions to be discussed at Graphics Canada will include corona surface treatment systems, automated cylinder cleaning systems, LED-UV curing, roto-spray systems, and technologies for color management and defect detection.
 
Baldwin’s AMS Spectral UV-brand LED UV technology offers a high curing intensities available for printing. Benefits of LED UV include a 65% reduction in energy consumption, reduced costs related to parts and service, increased productivity and greater effeciency stemming from the lack of waiting for lamps to warm up or cool down
 
In addition, Baldwin is a leading provider of corona surface treatment systems that are used to achieve better adhesion of process liquids like inks and coatings to substrates as part of printing and industrial production processes
 

Baldwin Technology Company Inc. will introduce its range of technologies at Graphics Canada, which will take place at the Toronto International Centre, May 11-13.
 
Solutions to be discussed at Graphics Canada will include corona surface treatment systems, automated cylinder cleaning systems, LED-UV curing, roto-spray systems, and technologies for color management and defect detection.
 
Baldwin’s AMS Spectral UV-brand LED UV technology offers a high curing intensities available for printing. Benefits of LED UV include a 65% reduction in energy consumption, reduced costs related to parts and service, increased productivity and greater effeciency stemming from the lack of waiting for lamps to warm up or cool down
 
In addition, Baldwin is a leading provider of corona surface treatment systems that are used to achieve better adhesion of process liquids like inks and coatings to substrates as part of printing and industrial production processes
 
Rounding out its technology, Baldwin’s cleaning solutions automatically and safely clean cylinders, blankets and plates used in various production processes, and tackle cleaning tasks like hickey-picking, end-of-run plate cleaning, blanket cleaning and film cylinder cleaning.
 
Common to all the technologies is that they increase productivity, reduce waste, improve working conditions and provide full control of producing flawless products. With easy automation and compatible software, Baldwin’s technologies are seamlessly integrated with one another.

More information:
Baldwin Technology Company Inc. Baldwin Graphics Canada Corona cleaning systems digital printing
Source:

Baldwin Technology Company Inc.

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03.05.2023

ANDRITZ starts up needleloom at Foss Floors

International technology group ANDRITZ has successfully started up the new velour loom it delivered to Foss Floors, Rome, United States (GA). The loom produces flooring from recycled plastic for a wide range of applications. Start-up took place in early 2023.

ANDRITZ is one of the global market leaders for supply of nonwoven production technologies, with a full range of needling technologies, including velour equipment, which allows customers to address a variety of applications such as automotive, household, flooring, acoustics, geotextiles, filtration, and synthetic leather.

Foss Floors is a leader in needlepunched felt products in North America. Its facilities are located in Rome and Chatsworth, Georgia, and it distributes a vast array of flooring products worldwide. One of the company’s key strengths is its agility for product diversification to satisfy customer needs. Foss Floors also strongly expresses its unwavering commitment to environmentally sustainable manufacturing.´

International technology group ANDRITZ has successfully started up the new velour loom it delivered to Foss Floors, Rome, United States (GA). The loom produces flooring from recycled plastic for a wide range of applications. Start-up took place in early 2023.

ANDRITZ is one of the global market leaders for supply of nonwoven production technologies, with a full range of needling technologies, including velour equipment, which allows customers to address a variety of applications such as automotive, household, flooring, acoustics, geotextiles, filtration, and synthetic leather.

Foss Floors is a leader in needlepunched felt products in North America. Its facilities are located in Rome and Chatsworth, Georgia, and it distributes a vast array of flooring products worldwide. One of the company’s key strengths is its agility for product diversification to satisfy customer needs. Foss Floors also strongly expresses its unwavering commitment to environmentally sustainable manufacturing.´

More information:
Andritz Foss Floors needleloom plastics flooring
Source:

ANDRITZ AG

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(c) Mayer & Cie.
The Batliboi team at ITME 2022 along with several Mayer & Cie. colleagues
03.05.2023

New set-up of Mayer & Cie. representations in Nepal & Bangladesh

Since 1 April 2023 sales and service of Mayer & Cie. circular knitting machines in Bangladesh have been under new management. A new dynamic team “Mayer Bangladesh” has been formed. Mayer & Cie.’s longstanding Indian representative Batliboi has joined business activities in Bangladesh since the beginning of the month, supported by the team of Brady Services and by Almani Biz.

In Batliboi, Mayer & Cie. has set up a business partner of many decades standing as its representative in Bangladesh. For around 40 years Mumbai-based Batliboi has overseen sales and service of Mayer & Cie. circular knitting machines in India. Abhay Sidham heads Batliboi’s Textile and Machinery Group. He and his team have many years of experience in strategic marketing, and a focus on sustainability and processing recycled raw materials is part of Batliboi’s expertise.

Since 1 April 2023 sales and service of Mayer & Cie. circular knitting machines in Bangladesh have been under new management. A new dynamic team “Mayer Bangladesh” has been formed. Mayer & Cie.’s longstanding Indian representative Batliboi has joined business activities in Bangladesh since the beginning of the month, supported by the team of Brady Services and by Almani Biz.

In Batliboi, Mayer & Cie. has set up a business partner of many decades standing as its representative in Bangladesh. For around 40 years Mumbai-based Batliboi has overseen sales and service of Mayer & Cie. circular knitting machines in India. Abhay Sidham heads Batliboi’s Textile and Machinery Group. He and his team have many years of experience in strategic marketing, and a focus on sustainability and processing recycled raw materials is part of Batliboi’s expertise.

These competences are of relevance in the Bangladesh market because “we face strong competition from Asian manufacturers here,” as Wolfgang Müller, Mayer & Cie.’s sales director, explains. The premium market was growing smaller, and the trend was toward specialities – value-added fabrics, spacer fabrics and athleisure with a high proportion of elastic. Mayer & Cie. sees in these requirements significant potential for its machines – and in Batliboi a partner able in view of its experience to put them to optimal use.

One building block in the set-up of Mayer & Cie. representatives is unchanged. Brady Services will continue with Batliboi to contribute its close ties with the local market. A significant number of existing companies will continue to be looked after by Brady Services.

The new member in Mayer Bangladesh team is Dhaka-based Almani Biz. A lubricants specialist for circular knitting machines Almani Biz has a wide network with Bangladesh knitting industry.

Mayer & Cie. feels well positioned by this new set-up. “We,” Wolfgang Müller says, “are of the opinion that the market for textile machinery in Bangladesh will continue to grow and we are confident that by strengthening our sales, service and marketing team we will be able to make good use of this opportunity.”

Customers in Bangladesh have placed large orders in the past. The latest, placed in January, was for several dozen machines to be delivered this autumn. Further orders from Apex and BEXIMCO (Bangladesh Export Import Company) are also scheduled for delivery in the second half of 2023.

While reorganising the set-up of its representatives in Bangladesh Batliboi has also taken over as Mayer & Cie.’s representative in Nepal, where the company had previously had no local representative. There is a demand for machines for interlock, 8-lock and single jersey, but sales are still in single figures.

More information:
Mayer & Cie circular knitting machines Bangladesh Nepal Batliboi Brady Services Almani Biz
Source:

Mayer & Cie.

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article as PDF
03.05.2023

Lectra: Financial statements for Q1 2023

  • Revenues: 123.7 million euros (stable)*
  • EBITDA before non-recurring items: 19.7 million euros (-12%)*
  • Net income: 7.3 million euros (-21%)
  • Free cash flow before non-recurring items: 9.2 million euros
  • Revised 2023 outlook due to wait-and-see attitude of customers

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2023. Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

See the attached document for more details about the financial statements.

  • Revenues: 123.7 million euros (stable)*
  • EBITDA before non-recurring items: 19.7 million euros (-12%)*
  • Net income: 7.3 million euros (-21%)
  • Free cash flow before non-recurring items: 9.2 million euros
  • Revised 2023 outlook due to wait-and-see attitude of customers

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2023. Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

See the attached document for more details about the financial statements.

More information:
Industry 4.0, Lectra, Lectra Fashion PLM financial year 2023 Automotive furniture
Source:

Lectra

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03.05.2023

Renewcell receives Fast Company 2023 World Changing Ideas Award

Renewcell is the recepient of the Fast Company 2023 World Changing Ideas Awards for the Sustainability/Energy category with the development of recycling unused textiles into pulp, branded as CIRCULOSE®, used for man-made cellulosic fiber production of viscose, modal, lyocell, acetate and other fibers. Additionally Renewcell is recognized as a finalist in the Europe, the Middle East, and Africa category, as well as a finalist in the climate category for the 2023 World Changing Ideas Awards.

World Changing Ideas Awards honor sustainable designs, innovative products, bold social initiatives, and other creative projects that are changing the way we work, live, and interact with the world.

Renewcell is the recepient of the Fast Company 2023 World Changing Ideas Awards for the Sustainability/Energy category with the development of recycling unused textiles into pulp, branded as CIRCULOSE®, used for man-made cellulosic fiber production of viscose, modal, lyocell, acetate and other fibers. Additionally Renewcell is recognized as a finalist in the Europe, the Middle East, and Africa category, as well as a finalist in the climate category for the 2023 World Changing Ideas Awards.

World Changing Ideas Awards honor sustainable designs, innovative products, bold social initiatives, and other creative projects that are changing the way we work, live, and interact with the world.

This year’s World Changing Ideas Awards showcase 45 winners, 216 finalists, and more than 300 honorable mentions—with health, climate, energy, and AI among the most popular categories. A panel of Fast Company editors and reporters selected winners and finalists from a pool of more than 2,200 entries across urban design, education, nature, politics, technology, corporate social responsibility, and more. Several new categories were added this year including rapid response, crypto and blockchain, agriculture, and workplace. The 2023 awards feature entries from across the globe, from Italy to Singapore to New Zealand. Fast Company’s Spring 2023 issue (on newsstands May 9, 2023) will showcase some of the world’s most inventive entrepreneurs and forward-thinking companies that are actively tackling global challenges.

More information:
Renewcell Fast Company World Changing Ideas Award Awards Sustainability Circulose® cellulosic fiber
Source:

Renewcell

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03.05.2023

Lenzing: Outlook for 2023

  • Revenue grows to EUR 623.1 mn – fiber sales recovered over the course of the quarter
  • EBITDA and net result for the period down compared with the first quarter of 2022
  • Cost reduction program of more than EUR 70 mn being implemented according to plan
  • Production of TENCEL™ brand modal fibers successfully launched in China
  • Lenzing confirms guidance for 2023

The business performance of the Lenzing Group during the first quarter of 2023 largely reflected market trends. However, after the market environment had deteriorated significantly in the third and fourth quarters of the previous year, signs of recovery emerged during the first quarter in terms of demand as well as raw material and energy costs. Textile fibers recorded moderate but steadily improving demand. Business with fibers for nonwovens and with dissolving wood pulp performed better than expected. Raw material and energy costs were still at an elevated albeit decreasing level.

  • Revenue grows to EUR 623.1 mn – fiber sales recovered over the course of the quarter
  • EBITDA and net result for the period down compared with the first quarter of 2022
  • Cost reduction program of more than EUR 70 mn being implemented according to plan
  • Production of TENCEL™ brand modal fibers successfully launched in China
  • Lenzing confirms guidance for 2023

The business performance of the Lenzing Group during the first quarter of 2023 largely reflected market trends. However, after the market environment had deteriorated significantly in the third and fourth quarters of the previous year, signs of recovery emerged during the first quarter in terms of demand as well as raw material and energy costs. Textile fibers recorded moderate but steadily improving demand. Business with fibers for nonwovens and with dissolving wood pulp performed better than expected. Raw material and energy costs were still at an elevated albeit decreasing level.

Outlook
The war in Ukraine and the more restrictive monetary policy pursued by many central banks in order to combat inflation are expected to continue to influence global economic activity. The IMF warns that risks remain elevated overall and forecasts growth of 2.8 and 3 percent for 2023 and 2024 respectively. The currency environment is expected to remain volatile in the regions relevant to Lenzing.

This market environment continues to weigh on the consumer climate and on sentiment in the industries relevant to Lenzing. However, the outlook has brightened somewhat recently.

Demand picked up tangibly after the Chinese New Year. As a consequence, capacity utilization improved and stocks were further reduced both at viscose producers and at downstream stages of the value chain.

In the trend-setting market for cotton, signs are emerging of a further buildup of stocks in the current 2022/23 crop season. Initial forecasts for 2023/24 anticipate a more balanced relationship between supply and demand.

However, despite signs of recovery in both demand and raw material and energy costs, earnings visibility remains limited overall.

Lenzing is fully on track with the implementation of the reorganization and cost reduction program. These and other measures are aimed at positioning Lenzing in the best possible way for the expected market recovery.

Structurally, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as for the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its “Better Growth” strategy and plans to continue driving growth with specialty fibers as well as its sustainability goals, including the transformation from a linear to a circular economy model.

The successful implementation of the key projects in Thailand and Brazil as well as the investment projects in China and Indonesia will further strengthen Lenzing’s positioning in this respect.

Taking into account the aforementioned factors and assuming a further market recovery in the current financial year, the Lenzing Group continues to expect EBITDA in a range between EUR 320 mn and EUR 420 mn for 2023.

More information:
Lenzing Gruppe Lenzing financial year 2023 specialty fibers
Source:

Lenzing AG

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(c) A. Monforts Textilmaschinen GmbH & Co. KG
Members and associates of the WasserSTOFF consortium from Monforts, Pleva, NTB Nova Textil, TU Freiberg, Hochschule Niederrhein and Honeywell Thermal Solutions, at the launch meeting of the new project at the Monforts ATC in Mönchengladbach.
28.04.2023

Monforts presents green hydrogen project WasserSTOFF at ITMA 2023

At ITMA 2023 in Milan from June 8-14 this year, Monforts is organising two free-to-attend seminars and discussions on the potential of green hydrogen as a new energy source for textile finishing, drying and related processes.

Monforts is currently leading a consortium of industrial partners and universities in the three-year WasserSTOFF project, launched in November 2022, that is exploring all aspects of this exciting and fast-rising new industrial energy option.
The target of the government-funded project is to establish to what extent hydrogen can be used in the future as an alternative heating source for textile finishing processes. This will first involve tests on laboratory equipment together with associated partners and the results will then be transferred to a stenter frame at the Monforts Advanced Technology Center (ATC).

At ITMA 2023 in Milan from June 8-14 this year, Monforts is organising two free-to-attend seminars and discussions on the potential of green hydrogen as a new energy source for textile finishing, drying and related processes.

Monforts is currently leading a consortium of industrial partners and universities in the three-year WasserSTOFF project, launched in November 2022, that is exploring all aspects of this exciting and fast-rising new industrial energy option.
The target of the government-funded project is to establish to what extent hydrogen can be used in the future as an alternative heating source for textile finishing processes. This will first involve tests on laboratory equipment together with associated partners and the results will then be transferred to a stenter frame at the Monforts Advanced Technology Center (ATC).

To be considered “green”, hydrogen must be produced using a zero-carbon process that is powered by renewable energy sources such as wind or solar. Currently, the cleanest method of hydrogen production is electrolysis, using an electrically-powered electrolyzer to separate water molecules into hydrogen and oxygen. The purity of the hydrogen is also important, and impurities must be removed via a separation process.

“Despite all its advantages, there are obstacles to overcome on the way to widespread, economically-feasible green hydrogen use,” explains Monforts Textile Technologies Engineer Jonas Beisel. “Until there are widely available, reliable and economical sources of this clean power, the cost of producing it will remain prohibitive. The infrastructure is not yet there, and hydrogen also has a tendency to make steel brittle and subject to fracture, which is something that requires further investigation in both its transportation and use in industrial processing.
“Green energy’s potential as a clean fuel source is tremendous, but there is much we need to explore when considering its use in the textile finishing processes carried out globally on our industry-leading Montex stenter dryers and other machines.”

At its Advanced Technology Center (ATC) in Mönchengladbach, Monforts will be carrying out intensive tests and trials to assess the reliability of both processes and final products when different natural gas and hydrogen mixtures – up to 100% green hydrogen – are employed. The results will be closely analysed by the consortium partners because there are many parameters that at this stage remain unknown.

The aim, Beisel adds, is to both reduce CO2 emissions and – following the rising prices and industry turbulence experienced by manufacturers over the past year or so – to further reduce a dependency on natural gas.

The three-year WasserSTOFF project is sponsored by Germany’s Federal Ministry for Economic Affairs and Climate Action, and with Monforts at the helm brings together industrial partners Pleva and NTB Nova Textil, with academic input from the Hochschule Niederrhein and the Technical University of Freiberg.

More information:
Monforts A. Monforts Textilmaschinen GmbH & Co. KG ITMA hydrogen CO2-Emissionen Federal Ministry for Economic Affairs and Climate Action Pleva NTB Nova Textil Hochschule Niederrhein
Source:

A. Monforts Textilmaschinen GmbH & Co. KG / AWOL Media

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28.04.2023

AkzoNobel publishes results for Q1 2023

Highlights Q1 2023 (compared with Q1 2022)

Highlights Q1 2023 (compared with Q1 2022)

  • Revenue up 5% and up 8% in constant currencies1
  • Pricing up 7%, more than offsetting increase of raw material and freight costs
  • Volumes 3% lower; Europe showing resilience, China rebounding
  • Operating income at €182 million (2022: €232 million); adjusted operating income2 at €218 million (2022: €230 million); ROS3 at 8.2% (2022: 9.1%)
  • Net cash from operating activities negative €50 million (2022: negative €102 million)
  • Intended acquisition of Chinese Decorative Paints business from Sherwin-Williams announced in April 2023; completion expected in the second half of 2023

2023 Outlook
AkzoNobel expects the ongoing macro-economic uncertainties to continue and weigh on organic volume growth. The company will focus on margin management, cost reduction, working capital normalization and de-leveraging.
Cost reduction programs are expected to mitigate the ongoing pressure from inflation in operating expenses for 2023. AkzoNobel expects declining raw material costs to have a favorable impact on profitability.
Based on current market conditions, AkzoNobel targets to deliver €1.2 to €1.5 billion adjusted EBITDA.
The company aims to lower its leverage ratio to less than 3.4 times net debt/EBITDA, including the impact of the Kansai Paint Africa acquisition, by the end of 2023 and return to around 2 times post-2023.

More information:
AkzoNobel financial year 2023 Coatings
Source:

Akzo Nobel N.V.

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(c) Freudenberg Performance Materials Holding GmbH
28.04.2023

Freudenberg showcases Superabsorbers and Coated Foams at EWMA 2023

Freudenberg Performance Materials (Freudenberg) is expanding its product portfolio by adding an elastic variant of its flexible superabsorbers for modern wound dressings. These superabsorbers increase the comfort level for patients as well as enabling longer wear time, thus reducing the frequency of dressing changes. Further highlights at EWMA include components for more sustainable wound care, PU foams with directly applied silicone adhesives, antimicrobial systems and an innovative hydrophilic debridement foam. The global manufacturer will be welcoming visitors to Exhibition Stand from May 3 – 5 at EWMA 2023.

Freudenberg uses a new technology to manufacture the elastic superabsorbers. Unlike other methods, this technology does not perforate or slit the material, thus achieving a high degree of consistent elasticity. Furthermore, the technology used by Freudenberg bonds the superabsorbent fibers more uniformly with the material, thus enhancing the integrity of this layer in the wound dressing.

Freudenberg Performance Materials (Freudenberg) is expanding its product portfolio by adding an elastic variant of its flexible superabsorbers for modern wound dressings. These superabsorbers increase the comfort level for patients as well as enabling longer wear time, thus reducing the frequency of dressing changes. Further highlights at EWMA include components for more sustainable wound care, PU foams with directly applied silicone adhesives, antimicrobial systems and an innovative hydrophilic debridement foam. The global manufacturer will be welcoming visitors to Exhibition Stand from May 3 – 5 at EWMA 2023.

Freudenberg uses a new technology to manufacture the elastic superabsorbers. Unlike other methods, this technology does not perforate or slit the material, thus achieving a high degree of consistent elasticity. Furthermore, the technology used by Freudenberg bonds the superabsorbent fibers more uniformly with the material, thus enhancing the integrity of this layer in the wound dressing.

Further highlights
Freudenberg is also presenting the M 1714 wound pad component, one example of a sustainable solution that simultaneously delivers on performance. The dressing consists of bio-based fibers and exhibits a smooth wound contact layer. M 1714 has been evaluated for industrial compostability and conforms to ISO 13432. This enables certification of product biodegradability. Further highlights to be presented in Milan include material systems for the antimicrobial treatment of chronic wounds, including systems that do not use active substances.

Wound dressing with silicone adhesive border
With Freudenberg’s silicone coated foams, manufacturers can reduce the number of process steps, thereby avoiding waste, saving energy and simplifying the supply chain. Compared with conventional foam dressings, the Freudenberg foam product also offers higher flexibility for optimal wound bed contouring and reduces the risk of infection by preventing exudate pooling. Freudenberg is showcasing the prototype of a bordered dressing with a silicone adhesive border. In addition, the variant with an extra-strong silicone border enables longer wear time while at the same time ensuring minimal adherence to new skin that forms at the wound edges.

More effective cleansing results and greater patient comfort
Freudenberg is also showcasing an innovative hydrophilic debridement foam. It is ideally suited for use in wound cavities, offers better cleansing results and reduced risk as well as greater patient comfort.

More information:
Freudenberg Performance Materials Freudenberg EWMA medical textiles
Source:

Freudenberg Performance Materials Holding GmbH

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28.04.2023

ANDRITZ: Outlook for the full year 2023

International technology group ANDRITZ has started the 2023 business year with unchanged high growth dynamics despite a slowing global economy. Revenue and operating result both increased significantly by well over 20 percent in the first quarter of 2023 compared with the same period of the previous year. Net income improved by almost 50 percent to 104.5 million euros (MEUR). Order intake reached a favorable level of 2.4 billion euros but was 6.5 percent below the figure for the first quarter of 2022, when the booking of two large-scale orders had provided a peak.

The key financial figures developed as follows during the reporting period:

International technology group ANDRITZ has started the 2023 business year with unchanged high growth dynamics despite a slowing global economy. Revenue and operating result both increased significantly by well over 20 percent in the first quarter of 2023 compared with the same period of the previous year. Net income improved by almost 50 percent to 104.5 million euros (MEUR). Order intake reached a favorable level of 2.4 billion euros but was 6.5 percent below the figure for the first quarter of 2022, when the booking of two large-scale orders had provided a peak.

The key financial figures developed as follows during the reporting period:

  • Order intake amounted to 2,420.2 MEUR and was thus 6.5% below the high level of the previous year’s reference period (Q1 2022: 2,588.6 MEUR), which included two large-scale orders. The Metals business area was able to increase its order intake significantly compared to the previous year’s reference period.
  • The order backlog as of March 31, 2023 amounted to 10,407.8 MEUR and has thus increased compared to 2022 (December 31, 2022: 9,976.5 MEUR).
  • Revenue at 1,962.6 MEUR was 28.5% higher than the reference figure for the previous year’s reference period (Q1 2022: 1,526.9 MEUR). All four business areas were able to significantly increase their revenue compared to the previous year.
  • The operating result (EBITA) increased in line with revenue, reaching a very favorable level at 158.5 MEUR in the first quarter of 2023 (+29.6% versus Q1 2022: 122.3 MEUR). The Group’s profitability (EBITA margin) increased slightly to 8.1% (Q1 2022: 8.0%).
  • Net income (without non-controlling interests) increased significantly to 104.5 MEUR (Q1 2022: 71.5 MEUR).

Following the successful first quarter, ANDRITZ confirms its previously published outlook for the full year 2023. Both revenue and earnings for the full year are expected to be above the level of 2022.

More information:
Andritz financial year 2023
Source:

ANDRITZ AG

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Photo: EREMA/Wakolbinger
Manfred Hackl, CEO EREMA Group GmbH
28.04.2023

EREMA Group ends financial year 2022/23

Around EUR 355 million in overall turnover, 350 extruders delivered creating an additional recycling capacity for 1.6 million tons of recycled pellets as a result - these are the figures with which the EREMA Group was able to close the 2022/23 financial year in March.

"With demand for recycled plastics remaining high, the past financial year brought many challenges that we needed to handle," says Manfred Hackl, CEO of EREMA Group GmbH. The challenges included persistent delays in the supply chain and unexpected supplier outages. Logistics and production processes had to be adapted several times as a result. The situation has improved significantly meantime as a result of these measures and more stable supply chains.

Around EUR 355 million in overall turnover, 350 extruders delivered creating an additional recycling capacity for 1.6 million tons of recycled pellets as a result - these are the figures with which the EREMA Group was able to close the 2022/23 financial year in March.

"With demand for recycled plastics remaining high, the past financial year brought many challenges that we needed to handle," says Manfred Hackl, CEO of EREMA Group GmbH. The challenges included persistent delays in the supply chain and unexpected supplier outages. Logistics and production processes had to be adapted several times as a result. The situation has improved significantly meantime as a result of these measures and more stable supply chains.

The production locations in Austria manufactured 270 extruders and delivered them to customers around the globe. Taking the whole group into consideration, this figure rises to 350 including the extruders from PLASMAC, the Italian subsidiary. The recycled pellet production capacity of all extrusion systems delivered in financial year 2022/23 adds up to around 1.6 million tonnes per year. On top of that there are around 130 additional components and modules such as filter systems and ReFresher anti-odour units.

Recycling innovations for high-quality pellets
K 2022 - the highlight trade fair of the past financial year - saw the EREMA Group launch seven
new recycling systems and components. These included the new INTAREMA® TVEplus® DuaFil® Compact recycling system and the EcoGentle® plasticising unit, which was also newly developed. Thanks to their gentle polymer treatment and significantly lower melt temperature, both extrusion innovations deliver effective advantages in terms of the quality of the melt, recycled pellets, and final product, as well as impressive energy efficiency in post consumer and PET recycling applications. The significance of these innovations for plastics recycling is underlined by the nomination of the DuaFil® Compact technology for one of this year's Plastics Recycling Awards Europe in the category Recycling Machinery Innovation of the Year.
The same applies to the READYMAC 1109 TVE machine made to stock by EREMA Group subsidiary UMAC, as well as to the new ALPHA XS edge trim recycling machine for the inhouse recycling segment made by PLASMAC. The market launch of the deinking system presented at K 2022 by the EREMA Group company KEYCYCLE delivering a throughput of 1,200 kilograms per hour has been a success, as has the commissioning of a further unit sold to a film manufacturer.

40 years of EREMA
The beginning of the new financial year falls almost to the day on EREMA's 40th anniversary. On 14 April 1983, Helmut Bacher, Helmuth Schulz and Georg Wendelin founded EREMA Engineering Recycling Maschinen und Anlagen GesmbH, laying the foundation for the 40-year success story. In celebration, the comapny will hold the event EREMA Discovery Day at the company headquarters on the 1st of June. This event with live insights into the latest post consumer and PET recycling technologies will also see the official opening of the newly built research and development centre.

More information:
EREMA EREMA Group financial year 2022 plastics recycling Recycling PET recycling
Source:

EREMA Group GmbH

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26.04.2023

STFI: Bionanopolis Open Call to support companies

The international association that will manage the Single-Entry-Point (SEP) of the BIONANOPOLYS project has been formally constituted and will be able to support companies across the European Union in the market introduction of bionanomaterials through technical, legal, regulatory, safety, economic and financial support services.

The SEP was established as an AISBL (non-profit entity) on 17 February 2023 in the framework of the European project BIONANOPOLYS, funded by the Horizon 2020 programme. The technical director of ITENE and coordinator of this project, Carmen Sánchez, is the president of this association in which representatives of other project partners also act as directors. Specifically, the CTP (Centre Technique du Papier) from France; CIDAUT (Fundación para la Investigación y Desarrollo en Transporte y Energía), from Spain; CENTI (Centre for Nanotechnology and Smart Materials), from Portugal, and the law firm Gil & Robles - San Bartolome & Associés, from Luxembourg.

The international association that will manage the Single-Entry-Point (SEP) of the BIONANOPOLYS project has been formally constituted and will be able to support companies across the European Union in the market introduction of bionanomaterials through technical, legal, regulatory, safety, economic and financial support services.

The SEP was established as an AISBL (non-profit entity) on 17 February 2023 in the framework of the European project BIONANOPOLYS, funded by the Horizon 2020 programme. The technical director of ITENE and coordinator of this project, Carmen Sánchez, is the president of this association in which representatives of other project partners also act as directors. Specifically, the CTP (Centre Technique du Papier) from France; CIDAUT (Fundación para la Investigación y Desarrollo en Transporte y Energía), from Spain; CENTI (Centre for Nanotechnology and Smart Materials), from Portugal, and the law firm Gil & Robles - San Bartolome & Associés, from Luxembourg.

The BIONANOPOLYS SEP will reduce the risks and barriers to the commercial exploitation of bio-based materials and polymeric bionanocomposites with nanotechnology and accelerate market penetration and innovation processes. SMEs, large companies, and potential customers who are users of the BIONANOPOLYS OITB (Open Innovation Test Bed) will be able to access the services offered by the project partners through this entity, which will act as a one-stop shop, at affordable costs and conditions.

The test bed consists of 14 enhanced pilot plants and complementary services to support technological and commercial breakthroughs. Collaboration between all the partners that make up BIONANOPOLYS and access through the SEP allows joint access to all the services offered by the partners and helps to drive collaborative open innovation.

Call for access to the BIONANOPOLYS OITB
The SEP and the project partners will be in charge of evaluating the projects submitted to the BIONANOPOLYS platform once the open call launched last February to select five projects from different European countries that will be able to access its services free of charge to develop, test or scale-up bionanomaterials in the BIONANOPOLYS OITB closes.

Companies wishing to access the services to develop or test nanomaterials can submit their applications until 30 April.

The BIONANOPOLYS test bed could benefit companies involved in the production of biopolymers, cellulose paper, nonwovens, foams, or coatings, as well as the packaging, agriculture, food, cosmetics, pharmaceuticals, hygiene, textiles and 3D printing sectors.

More information:
Bionanopolis STFI project bio-based nanotechnology
Source:

Sächsisches Textilforschungsinstitut e.V. (STFI)

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(c) IVL
26.04.2023

Indorama Ventures joins “Together for Sustainability” initiative

Indorama Ventures Public Company Limited (IVL) has joined “Together for Sustainability” (TfS), a global initiative for sustainable supply chains. Indorama Ventures joins a network of 47 TfS member companies representing the global chemical industry, reinforcing its commitment to driving sustainable solutions in its supply chain management.

Indorama Ventures Public Company Limited (IVL) has joined “Together for Sustainability” (TfS), a global initiative for sustainable supply chains. Indorama Ventures joins a network of 47 TfS member companies representing the global chemical industry, reinforcing its commitment to driving sustainable solutions in its supply chain management.

By joining TfS, Indorama Ventures is encouraging suppliers to meet high sustainability standards, reduce the risk of supply chain disruptions, and improve overall climate maturity. The collaboration will help foster an expansion of the company’s sustainable supply chain program. The company will contribute to the TfS Scope 3 Greenhouse Gas (GHG) workstream that developed and finetunes the Guideline for calculating Product Carbon Footprints (PCFs) in the chemical industry and beyond and, will develop an IT solution that will enable companies to share PCFs efficiently. This membership allows Indorama Ventures to further align with the UN Global Compact Principles.
 
Through this initiative, Indorama Ventures will also be partnering with EcoVadis to assess their suppliers to identify risks and opportunities along the value chain, improve sustainability practices, and encourage collaboration among members.

More information:
Indorama Ventures Public Company Limited Together for Sustainability Sustainability chemical industry
Source:

Indorama Ventures Public Company Limited 

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(c) adidas AG
26.04.2023

adidas: 96% of all Polyester used in Products is Recycled Polyester

adidas has announced a new milestone in its journey towards replacing virgin polyester with recycled polyester . 96% of all polyester used in adidas products is now recycled polyester. The achievement of the ambition that adidas first set in 2017 – to replace all virgin polyester with recycled wherever possible by the end of 2024 – is on track to be achieved earlier than expected.

Since the first adidas high-performance shoe was made with recycled materials in 2015, the brand has been working towards reducing its dependency on virgin polyester. Last year it announced that in 2021, more than 90% of the polyester used in adidas products was recycled, which – if it had been virgin polyester - would have accounted for 390 thousand metric tons of CO2e – the equivalent to the greenhouse gas emissions generated to provide power to 50 thousand homes in the US[1].

According to Textile Exchange[2], global recycled polyester fiber production volume increased in 2021, but still accounts for just 14.8% of all global polyester production.

adidas has announced a new milestone in its journey towards replacing virgin polyester with recycled polyester . 96% of all polyester used in adidas products is now recycled polyester. The achievement of the ambition that adidas first set in 2017 – to replace all virgin polyester with recycled wherever possible by the end of 2024 – is on track to be achieved earlier than expected.

Since the first adidas high-performance shoe was made with recycled materials in 2015, the brand has been working towards reducing its dependency on virgin polyester. Last year it announced that in 2021, more than 90% of the polyester used in adidas products was recycled, which – if it had been virgin polyester - would have accounted for 390 thousand metric tons of CO2e – the equivalent to the greenhouse gas emissions generated to provide power to 50 thousand homes in the US[1].

According to Textile Exchange[2], global recycled polyester fiber production volume increased in 2021, but still accounts for just 14.8% of all global polyester production.

Sport is about meeting challenges head-on and finding ways to overcome those – material innovation is no different. For the team at adidas, the road to 96% has been long and full of challenges. The confirmation of its polyester commitment in 2017 was a crucial step in helping to initiate a transformation across adidas and its entire supply chain. This transformation has been made possible through creating technical solutions and imagining new possibilities that previously didn’t exist.

To accompany the announcement, adidas has created a short film about its new ‘PB’, featuring star athlete Jazmin Sawyers. The film highlights the sports brand’s pride in making progress, and its determination to push further.

As the brand looks ahead to 2024 and beyond, it will continue to expand its focus beyond recycled polyester. It will be doing this through three main areas of focus: changing materials by testing and scaling new raw materials, rethinking entire processes to design products that have a circular end-of-life solution, and reducing its carbon footprint.

[1] adidas Footprint Analytics team
[2] Textile Exchange Preferred Fiber & Materials Market Report, October 2021, https://textileexchange.org/app/uploads/2022/10/Textile-Exchange_PFMR_2022.pdf

More information:
adidas polyester Sustainability Recycling Sportswear
Source:

adidas AG

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26.04.2023

Ben Noteboom appointed as member of AkzoNobel’s Supervisory Board

AkzoNobel shareholders voted in favor of all resolutions at the company’s Annual General Meeting (AGM).
 
As well as adopting the company's 2022 financial statements, the dividend policy and total dividend per share of €1.98 for 2022 were also agreed. In addition, Mr. Ben Noteboom was appointed by the AGM as a new member of the company’s Supervisory Board. The intention is to elect Mr. Noteboom as Chair of AkzoNobel’s Supervisory Board as of May 25, 2023, when he will resign as member of the Supervisory Board of Aegon N.V.
 
Mr. Byron Grote, Deputy Chair of AkzoNobel’s Supervisory Board, commented: “We’re very pleased with the appointment of Ben Noteboom. His strong track record in executive and non-executive roles, and his broad experience in different industries – including the chemical industry – will be valuable additions to AkzoNobel. We wish him every success in his new role.”
 
Mr. Noteboom will succeed Mr. Nils Smedegaard Andersen, who has served as a member and Chair of the Supervisory Board since 2018.

Mrs. Jolanda Poots-Bijl and Mr. Dick Sluimers were both reappointed as member of the Supervisory Board.

AkzoNobel shareholders voted in favor of all resolutions at the company’s Annual General Meeting (AGM).
 
As well as adopting the company's 2022 financial statements, the dividend policy and total dividend per share of €1.98 for 2022 were also agreed. In addition, Mr. Ben Noteboom was appointed by the AGM as a new member of the company’s Supervisory Board. The intention is to elect Mr. Noteboom as Chair of AkzoNobel’s Supervisory Board as of May 25, 2023, when he will resign as member of the Supervisory Board of Aegon N.V.
 
Mr. Byron Grote, Deputy Chair of AkzoNobel’s Supervisory Board, commented: “We’re very pleased with the appointment of Ben Noteboom. His strong track record in executive and non-executive roles, and his broad experience in different industries – including the chemical industry – will be valuable additions to AkzoNobel. We wish him every success in his new role.”
 
Mr. Noteboom will succeed Mr. Nils Smedegaard Andersen, who has served as a member and Chair of the Supervisory Board since 2018.

Mrs. Jolanda Poots-Bijl and Mr. Dick Sluimers were both reappointed as member of the Supervisory Board.

More information:
AkzoNobel Coatings general meeting Supervisory Board
Source:

AkzoNobel

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