From the Sector

Reset
31.07.2024

adidas: Developments of second quarter 2024

Major developments:

Major developments:

  • Currency-neutral sales up 11%, driven by adidas brand accelerating to 16% growth
  • adidas brand up double digits across all channels with increases in all markets
  • Underlying gross margin improves around 1.5 percentage points to 50.5% despite significant currency headwinds
  • Operating profit of € 346 million compared to € 176 million in prior-year period
  • Healthy inventories at a level of € 4.5 billion to support future top-line growth
  • Full-year guidance upgraded on July 16 to reflect current brand momentum

Full-year outlook
High-single-digit revenue increase expected in 2024

On July 16, adidas raised its top- and bottom-line guidance as a result of the better-than-expected performance during the second quarter and taking into account the current brand momentum. adidas now expects currency-neutral revenues to increase at a high-single-digit rate in 2024 (previously: to increase at a mid- to high-single-digit rate). The company’s operating profit is now expected to reach a level of around € 1.0 billion (previously: to reach a level of around € 700 million). Within this guidance, adidas assumes the sale of the remaining Yeezy inventory during the remainder of the year to occur on average at cost. This would result in additional revenues of around € 150 million and no further profit contribution during the second half of 2024.

Outlook impacted by significant currency headwinds
The company continues to expect unfavorable currency effects to weigh significantly on its profitability this year. These effects are negatively impacting both reported revenues and the gross margin development in 2024. This was particularly the case during the first half of the year.

 

Source:

adidas AG

31.07.2024

6th edition of Istanbul Fashion Connection

  • 300 exhibitors from all fashion sectors in clearly structured areas in four halls
  • More than 30,000 visitors from over 100 countries are expected
  • Set event: B2B meetings in speed dating mode - intensive networking support between fashion brands and buyers arranged by IFCO
  • THE CORE once again inspires with collections by established and young designers
  • IMA Trend Area with the theme ‘’Asencion SS/26’’ showcases innovations and trends reflecting the significance and influence of the current moment, perception of the now, uniqueness of cultural backgrounds, consideration of the reality revealed through new developments and their adaptation
  • WGSN informs on the latest international fashion trends, fashion industry experts discuss recent innovations in the fashion on the occasion of IFCO Talk
  • IFCO Shows inspire the fashion world with latest trends and designs

More than 30,000 visitors from over 100 countries are expected to attend the sixth edition of IFCO, Istanbul Fashion Connection with 300 exhibitors at Europe's largest fashion trade fair from 7 to 9 August 2024.

  • 300 exhibitors from all fashion sectors in clearly structured areas in four halls
  • More than 30,000 visitors from over 100 countries are expected
  • Set event: B2B meetings in speed dating mode - intensive networking support between fashion brands and buyers arranged by IFCO
  • THE CORE once again inspires with collections by established and young designers
  • IMA Trend Area with the theme ‘’Asencion SS/26’’ showcases innovations and trends reflecting the significance and influence of the current moment, perception of the now, uniqueness of cultural backgrounds, consideration of the reality revealed through new developments and their adaptation
  • WGSN informs on the latest international fashion trends, fashion industry experts discuss recent innovations in the fashion on the occasion of IFCO Talk
  • IFCO Shows inspire the fashion world with latest trends and designs

More than 30,000 visitors from over 100 countries are expected to attend the sixth edition of IFCO, Istanbul Fashion Connection with 300 exhibitors at Europe's largest fashion trade fair from 7 to 9 August 2024.

In 4 halls covering 30,000 sqm top designers and brands will present the latest fashion trends in womenswear, menswear, kidswear, denim, activewear and shoes in clearly divided product areas.

THE CORE, the exclusive designer area of the trade fair, has already creatively staged the Turkish design talents at previous editions of the fair. Over 20 designers will present their latest creations in hall 7, such as Arzu KAPROL, Meltem ÖZBEK, or Tuba ERGİN, who are represented internationally.

Market leaders and retail brands such as Naramaxx, B&G Store, Kayra, Jakamen, Giotelli, Armine, NCS, 7Camicie will use IFCO as a global platform to network with international industry leaders and expand their customer contacts, presenting their individual stand designs.

Programme
The co-operation with the renowned Fashion Designer's Association MTD for the IFCO Trend Area will be continued with this time's theme Ascension SS 26 creatively designed by IMA Istanbul Moda Akademisi. Through the power of the present moment and the conscious experience of the moment, the emphasis is placed on cultural identities. At the same time, the scrutinised reality that is revealed in the process of adapting to new developments is taken into account. The works created by the industry with this design language reflect this dynamic.

WGSN informs on the latest international fashion trends and developments for A/W 25/26. Next to this trend seminar fashion industry experts discuss recent innovations in digital art and fashion, new opportunities in fashion exports as well as the new face of Turkish fashion. A panel discussion is dedicated to the topic of denim and focuses on pioneering solutions for the new century in the denim industry.

Source:

IFCO - Istanbul Fashion Connection / JANDALI MODE.MEDIEN.MESSEN

31.07.2024

Solvay: Second quarter 2024 results

Highlights

Highlights

  • Net sales in Q2 2024 stabilized sequentially reaching €1,194 million.
  • Net Sales were down -6.7% organically versus Q2 2023, with a positive impact from volumes for the second consecutive quarter, while prices were down year over year.
  • Underlying EBITDA in Q2 2024 increased sequentially by 2.6% reaching €272 million while the EBITDA margin improved sequentially for the second quarter in a row reaching 22.8%.
  • Underlying EBITDA in Q2 was -17.2% lower organically compared to a record Q2 2023, with negative Net pricing partially offset by positive volume impact and further fixed costs improvements.
  • Structural cost savings initiatives delivered solid results, with €46 million in H1 2024, and are expected to reach €80 million for the full year.
  • Underlying net profit from continuing operations was €116 million in Q2 2024 vs. €211 million in Q2 2023.
  • Free Cash Flow1 was strong at €120 million in Q2 2024, from solid EBITDA performance combined with continued prudence on Capex and discipline on working capital.
  • ROCE was 17.6% in Q2 2024.
  • Underlying Net Debt at €1.6 billion, implying a leverage ratio of 1.5x.

2024 outlook
Solvay expects demand to remain broadly flat in the second half. Following the good performance in the first half and the accelerated delivery of cost savings, Solvay tightens its guidance of underlying EBITDA to -10% to -15% organic growth (previously -10% to -20%), which means circa €975 million to €1,040 million, at a 1.10 EUR/USD exchange rate. This is supported by €80 million expected cost savings for the full year.
Solvay upgrades its guidance of Free Cash Flow, which is now expected to be higher than €300 million. That includes an acceleration of the Capex in the second half, which is expected to be between €300 million and €350 million in 2024.

More information:
Solvay financial year 2024
Source:

Solvay S.A.

31.07.2024

Lenzing: Project CELLFIL for transformation of the textile value chain

The Lenzing Group is working with the non-profit organisation RTDS Group and 13 other partners from research and industry to promote the scaling of lyocell filaments as part of the CELLFIL project. Co-funded by the EU with EUR 6.9 million, the project aims to drive the reformation of the textile industry towards greater sustainability and a circular economy.

The Lenzing Group is working with the non-profit organisation RTDS Group and 13 other partners from research and industry to promote the scaling of lyocell filaments as part of the CELLFIL project. Co-funded by the EU with EUR 6.9 million, the project aims to drive the reformation of the textile industry towards greater sustainability and a circular economy.

The Austrian organisation RTDS has launched the CELLFIL project with great vision. In close cooperation with Lenzing Group, which is at the technical helm of the project, CELLFIL aims to reform the textile industry. The centrepiece of the project is the sustainable and robust production of lyocell filaments. By optimising the entire fabric production process and its intermediate processing steps, the aim is to replace synthetic fibers with environmentally friendly lyocell filaments in recyclable end applications. This approach aims to develop and utilise alternative raw material sources for textiles. The realisation of these goals is crucial for scaling up lyocell filament production and promoting a circular economy that represents an environmentally friendly alternative to the currently dominant fossil-based synthetic filaments.

CELLFIL is part of the EU research and innovation program Horizon Europe and is supported by 15 partners from eight different countries. EUR 6.9 million from the European Union's Horizon Europe program has been made available for the implementation of this initiative. The European Commission has presented a visionary roadmap for the future of textiles, aiming for a circular economy in which all textiles on the EU market are durable, repairable and recyclable. This underlines Europe's commitment to sustainable innovation and a greener future in the textile sector.

Source:

Lenzing AG

31.07.2024

Italian textile machinery manufacturers at CAITME

At the upcoming edition of CAITME, to be held in Tashkent, Uzbekistan from September 11 to September 14, 2024, 16 Italian textile machinery manufacturers will exhibit in the common area set up by the Italian Trade Agency and ACIMIT.

All these companies are ACIMIT’s associated members: Bonino, Brazzoli, Carù, Erhardt+Leimer, Guarneri Technology, Ima, Laip. Lgl, Martex, Mei, Mesdan, Pinter Caipo Italia, Pugi Group, Sicam, Stalam, Ugolini.

Uzbekistan is one of the largest producers and exporters of cotton and its textile industry is a relevant driver for the national economy. Thanks to the raw material’s availability and low production costs the business conditions are favourable for the development of the local industry. The upgrading of installed equipment is considered a step to achieve this goal.

At the upcoming edition of CAITME, to be held in Tashkent, Uzbekistan from September 11 to September 14, 2024, 16 Italian textile machinery manufacturers will exhibit in the common area set up by the Italian Trade Agency and ACIMIT.

All these companies are ACIMIT’s associated members: Bonino, Brazzoli, Carù, Erhardt+Leimer, Guarneri Technology, Ima, Laip. Lgl, Martex, Mei, Mesdan, Pinter Caipo Italia, Pugi Group, Sicam, Stalam, Ugolini.

Uzbekistan is one of the largest producers and exporters of cotton and its textile industry is a relevant driver for the national economy. Thanks to the raw material’s availability and low production costs the business conditions are favourable for the development of the local industry. The upgrading of installed equipment is considered a step to achieve this goal.

Italian textile technology is well known by the Uzbek textile companies. In 2023, Italian sales in Uzbekistan amounted to 21 million euro. Among the Italian machines most in demand by Uzbek textile companies are weaving machines (32% of total 2023 Italian exports), followed by finishing machines (30%), spinning machines (17%), knitting machines (14%) and accessories (7%). At CAITME Italian exhibitors will show the most advanced technology applied to the textile sector, offering proper solutions in terms of efficiency, costs saving and sustainability.

Source:

ACIMIT - Association of Italian Textile Machinery Manufacturers

29.07.2024

CmiA: Boosting Gender Justice in cotton production

Women play a decisive role in achieving social and economic improvements for entire communities, including those involved in cotton production. Nonetheless, female farmers continue to face systemic disadvantages. Cotton made in Africa (CmiA) is pursuing gender justice to redress this imbalance, and the results of a recent study reveal significant progress in this regard.

A recent study shows women taking leadership through Cotton made in Africa as lead farmers. In this position, they serve as role models; they offer other female farmers someone to turn to; and they establish co-operatives together with other women to increase both their autonomy and their financial independence by creating new sources of income.

Women play a decisive role in achieving social and economic improvements for entire communities, including those involved in cotton production. Nonetheless, female farmers continue to face systemic disadvantages. Cotton made in Africa (CmiA) is pursuing gender justice to redress this imbalance, and the results of a recent study reveal significant progress in this regard.

A recent study shows women taking leadership through Cotton made in Africa as lead farmers. In this position, they serve as role models; they offer other female farmers someone to turn to; and they establish co-operatives together with other women to increase both their autonomy and their financial independence by creating new sources of income.

A major factor in this success has been collaboration with African cotton companies in the cultivation regions. This involves regular verifications to assess whether the partners’ activities comply with the standard’s requirements. The verifications are structured around a large selection of indicators that address issues including whether gender-related training was completed or whether projects promoting gender justice were conducted. Over the past years, this approach has not only raised awareness of gender equality among village communities but also increasingly challenged or dissolved traditional norms among the partner companies’ management and staff, thereby resolving inequities and empowering women at the systemic level. The study revealed that respondents see Cotton made in Africa as playing a highly supportive role. Intensive communication through training, verifications, and discussions with other cotton companies has given partner companies a clear awareness of how important gender justice is. As a result, they have become significantly more active in this regard, thereby encouraging women to assume a stronger position in agriculture and the communities. This is reflected in the fact that over 80 percent of both male and female respondents in Mozambique disagreed with the statement that care work should only be done by women. At least 60 percent of female and male farmers surveyed apply the skills and knowledge acquired through the training, which expressly addresses gender-specific aspects. In addition, over 80 percent of surveyed women stated that they receive the same share of proceeds from cotton sales as the other members of their families.

CmiA’s gender study was based on the internationally recognised Women’s Empowerment in Agriculture Index, which aims to measure and improve the role of women in agriculture. In addition to the survey of over 500 farmers, 26 qualitative interviews and around 30 group discussions were conducted in cotton-growing areas of Mozambique (in south-eastern Africa) and Benin (in western Africa) in order to ensure a representative sample.

Cotton made in Africa shares the United Nations’ views on the significance of gender equality, as outlined in the Sustainable Development Goals (SDGs), especially SDG 5. In its own work as a sustainability standard, CmiA also follows international norms and frameworks, such as ILO conventions or Agenda 2030; at a higher level, CmiA promotes gender equality in the textile industry by participating in expert groups like the Partnership for Sustainable Textiles’ strategy committee for gender equality.

Source:

Cotton made in Africa (CmiA)

John Lewis launches repair and laundry service (c) John Lewis
29.07.2024

John Lewis launches repair and laundry service

John Lewis has announced a trial where customers can bring their garments, accessories and a selection of homeware back to life through an in-store repair service. To launch the trial, John Lewis and Johnsons (part of Timpson Group) are joining forces to bring their expertise for this new offering to customers.

From reviving your wedding dress, to restoring the zip on a luxury clutch or adjusting a pair of curtains, the service will offer repair and alterations, laundry, dry cleaning and more.

Launching in selected stores from 22 July, the service will accept any brand allowing customers to drop off items to be fixed, altered, cleaned or restored, and come back to collect them after they have been given a fresh lease of life for years to come.

John Lewis has announced a trial where customers can bring their garments, accessories and a selection of homeware back to life through an in-store repair service. To launch the trial, John Lewis and Johnsons (part of Timpson Group) are joining forces to bring their expertise for this new offering to customers.

From reviving your wedding dress, to restoring the zip on a luxury clutch or adjusting a pair of curtains, the service will offer repair and alterations, laundry, dry cleaning and more.

Launching in selected stores from 22 July, the service will accept any brand allowing customers to drop off items to be fixed, altered, cleaned or restored, and come back to collect them after they have been given a fresh lease of life for years to come.

Extending a garment’s life by just nine months can reduce its carbon, waste and water footprints by up to 30%*. Prolonging the life of clothing is a key pillar of the circular economy, and with more consumers embracing the culture of mending and repair, recent research found that more than a third of UK adults plan to increase household repairs, rather than buying new**. This is also the case with our customers, with nearly half seeing a lifespan guarantee to repair or replace any item as the most appealing added service.

The trial will launch in five John Lewis branches: Oxford, Liverpool, Cheadle, Milton Keynes and Welwyn.

John Lewis will learn what customers want during the 16 week trial - such as the type of services customers look for, type of garments most repaired and the demographics of customers seeking the repair service - in a test and learn approach.

* WRAP, Valuing Our Clothes: the cost of UK fashion
** Aviva, Ramping up: repairs, renovations and recycling

Source:

John Lewis Partnership Plc

29.07.2024

Partnership between Wrangler and Beyond Retro: Upcycling of denim

After a initial launch in 2022, global denim company Wrangler® launches the second installment of Wrangler Reborn™ – the latest collection to celebrate the upcycling of denim. The newest Wrangler Reborn™ sees the brand collaborate with BVH Services’ brand Beyond Retro, for the first time. BVH are one of the largest vintage retailers across Europe with a reputation for producing on-trend fashion without a hefty carbon footprint making them the perfect partner to give the collection a new dimension and even greater scale globally.

Purposefully crafted with circularity and sustainability in mind, the latest Wrangler Reborn™ Collection features a sustainable twist on some of its classic styles, including the Greensboro Straight Leg Jean, Reworked Short, Icon Jacket and Heritage Shirt that provide consumers with wardrobe staples they can wear for years to come while simultaneously diverting textile waste from landfills. To create the collection, Wrangler revived discarded denim and transformed it into apparel tough enough to stand the test of time that can be repurposed and re-loved, providing consumers the opportunity to buy better.

After a initial launch in 2022, global denim company Wrangler® launches the second installment of Wrangler Reborn™ – the latest collection to celebrate the upcycling of denim. The newest Wrangler Reborn™ sees the brand collaborate with BVH Services’ brand Beyond Retro, for the first time. BVH are one of the largest vintage retailers across Europe with a reputation for producing on-trend fashion without a hefty carbon footprint making them the perfect partner to give the collection a new dimension and even greater scale globally.

Purposefully crafted with circularity and sustainability in mind, the latest Wrangler Reborn™ Collection features a sustainable twist on some of its classic styles, including the Greensboro Straight Leg Jean, Reworked Short, Icon Jacket and Heritage Shirt that provide consumers with wardrobe staples they can wear for years to come while simultaneously diverting textile waste from landfills. To create the collection, Wrangler revived discarded denim and transformed it into apparel tough enough to stand the test of time that can be repurposed and re-loved, providing consumers the opportunity to buy better.

Wrangler’s commitment to durability and long-lasting quality products has helped to keep waste out of landfills since 1947. Wrangler Reborn™ enhances that commitment and is an additional step towards the brand’s WeCare Wrangler™ goals, crafted to create a better future through its commitment to sustainability.

More information:
Wrangler Beyond Retro Denim Upcycling
Source:

Wrangler®, Kontoor Brands

29.07.2024

NCTO: Statement about International Trade Crimes Legislation

National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued the following statement welcoming the introduction of the bipartisan “Protecting American Industry and Labor from International Trade Crimes Act,” a bill that aims to combat trade fraud and hold those committing the crimes accountable.

Statement by NCTO President and CEO Kim Glas:
“We commend Chairman John Moolenaar (R-MI) and Ranking Member Raja Krishnamoorthi (D-IL), who lead the House Select Committee on the CCP, along with Congresswoman Ashley Hinson (R-IA) and others for introducing this bipartisan legislation that will put real teeth into combatting trade crimes that are undermining American textile and apparel manufacturers.

“NCTO has called for additional federal tools and resources to urgently address the pervasive trade crimes impacting our industry as well as other U.S. manufacturing sectors. We are pleased that this legislation will do exactly that by establishing a formal structure within the Department of Justice’s Criminal Division dedicated to aggressively prosecute international trade crimes.

National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued the following statement welcoming the introduction of the bipartisan “Protecting American Industry and Labor from International Trade Crimes Act,” a bill that aims to combat trade fraud and hold those committing the crimes accountable.

Statement by NCTO President and CEO Kim Glas:
“We commend Chairman John Moolenaar (R-MI) and Ranking Member Raja Krishnamoorthi (D-IL), who lead the House Select Committee on the CCP, along with Congresswoman Ashley Hinson (R-IA) and others for introducing this bipartisan legislation that will put real teeth into combatting trade crimes that are undermining American textile and apparel manufacturers.

“NCTO has called for additional federal tools and resources to urgently address the pervasive trade crimes impacting our industry as well as other U.S. manufacturing sectors. We are pleased that this legislation will do exactly that by establishing a formal structure within the Department of Justice’s Criminal Division dedicated to aggressively prosecute international trade crimes.

“The U.S. textile and apparel supply chain has been severely harmed by rampant trade fraud, including an onslaught of imported products made with forced labor, which circumvent the U.S. ban on these imports, fraudulent rules of origin claims under our free trade agreements, and evasion of duties through abuse of the de minimis trade loophole. This had resulted in the closure of 18 textile plants over the past several months and job losses, combined with closures in Western Hemisphere trade partners who have suffered tens of thousands of job losses.

“We believe this bipartisan legislation is a critical step forward in confronting such massive fraud and will serve to hold bad actors accountable and help shield our vital domestic industries from these crimes.”

Source:

National Council of Textile Organizations

26.07.2024

VDMA Position Statement: Textile machinery for a sustainable textile industry

In a position paper published, the companies organised in the VDMA Textile Machinery Association comment on the ambitious EU regulations and their national implementation for the sustainable and circular transformation of the textile and clothing industry.

The production of textiles requires a large number of resources, such as water, energy and chemicals. “The members of VDMA Textile Machinery support customers with products worldwide to utilise great potential already at the textile production stage to thereby reduce CO2 emissions“, explained Verena Thies, Deputy Chairwoman of VDMA Textile Machinery.

In a position paper published, the companies organised in the VDMA Textile Machinery Association comment on the ambitious EU regulations and their national implementation for the sustainable and circular transformation of the textile and clothing industry.

The production of textiles requires a large number of resources, such as water, energy and chemicals. “The members of VDMA Textile Machinery support customers with products worldwide to utilise great potential already at the textile production stage to thereby reduce CO2 emissions“, explained Verena Thies, Deputy Chairwoman of VDMA Textile Machinery.

The position statement emphasises the importance of efficient processes, circular economy and binding rules for all market participants. Besides, the position paper summarises the status of textile-to-textile recycling processes as well as the framework conditions for reprocessing of recyclates. The companies of VDMA Textile Machinery develop processes and technologies for recycling and provide the technical prerequisites for the efficient reuse and recycling of textile raw materials, whether natural or man-made fibres.
The Executive Board of VDMA Textile Machinery stresses additionally, that the new EU regulations for circular economy and their national implementation must be designed with realistic targets, measurable effects and as little bureaucracy as possible. Furthermore, market surveillance is needed to ensure a level playing field for all market participants.

On behalf of the industry, the VDMA Textile Machinery Association calls for creating better location conditions in Germany and EU as a favourable environment for innovation und competitiveness for textile machinery manufacturing to significantly advance the sustainability of the textile industry: The Textile Machinery Association strongly emphasises the need for a wide range of low-cost green energy, which is essential for the implementation and sustainable use of recycling solutions in the manufacturing industry. The association also sees the positive shaping of location conditions (the potential for skilled labour, a reduction in bureaucracy, shorter approval periods, investment security and predictability as well as a reduction in the tax burden) as a decisive factor for supporting sustainable business in the highly competitive textile and clothing industry.

Source:

VDMA e. V.

Cooperation between CARBIOS and Nouvelles Fibres Textiles (c) CARBIOS
(L-R) Emmanuel Ladent (CEO, CARBIOS), Eric Boël (Co-director of Nouvelles Fibres Textiles) and Mathieu Berthoud (Strategic Sourcing Director, CARBIOS)
26.07.2024

Cooperation between CARBIOS and Nouvelles Fibres Textiles

CARBIOS and Nouvelles Fibres Textiles, a French company specializing in the recovery of end-of-life textiles, announce the signing of a Memorandum of Understanding to establish a contract for the supply of polyester textiles to the world's first PET biorecycling plant currently under construction in Longlaville, France. The polyester textiles supplied will come from used or end-of-life textiles prepared in France by Nouvelles Fibres Textiles for recycling using CARBIOS' enzymatic depolymerization technology. This contract will enable 5,000 tons a year of these textiles to be redirected towards biorecycling from 2026 onwards, over an initial 5-year period, demonstrating the commitment of industrial players all along the value chain to achieving textile circularity for a more sustainable textile sector.

CARBIOS and Nouvelles Fibres Textiles, a French company specializing in the recovery of end-of-life textiles, announce the signing of a Memorandum of Understanding to establish a contract for the supply of polyester textiles to the world's first PET biorecycling plant currently under construction in Longlaville, France. The polyester textiles supplied will come from used or end-of-life textiles prepared in France by Nouvelles Fibres Textiles for recycling using CARBIOS' enzymatic depolymerization technology. This contract will enable 5,000 tons a year of these textiles to be redirected towards biorecycling from 2026 onwards, over an initial 5-year period, demonstrating the commitment of industrial players all along the value chain to achieving textile circularity for a more sustainable textile sector.

Nouvelles Fibres Textiles and its various partners opened a semi-industrial site with an annual capacity of 1,000 tons in November 2023, the first step towards building a 20,000-to-30,000-ton unit in 2026. This first site, a research center for textile recycling, combines the know-how of Andritz Laroche (a leader in textile recycling), Pellenc ST (French leader in intelligent sorting solutions), Synergie TLC (a French player in collection and first sorting for solidarity) and the Tissages de Charlieu group (a French player in weaving, garment manufacturing and textile recycling). This unit transforms used textiles into high-quality raw materials, supplying the various industries that use textile fibers (non-wovens, insulation, plastic, textiles, etc.) by automatically sorting them by composition, while eliminating hard points (buttons, zips, patches, etc.).

CARBIOS' biorecycling technology uses enzymes to break down polyester fibers into their basic components. These components are then used to produce high-quality recycled PET materials, such as fibers for the textile industry. This “fiber-to-fiber” solution will enable polyester to become a truly circular fiber on a large scale.

Source:

CARBIOS

26.07.2024

Autoneum: Half-Year Results 2024

Autoneum significantly increased its revenue consolidated in Swiss francs by CHF 109.8 million to CHF 1 212.3 million compared to the prior-year period, supported by inorganic growth. In a slightly declining market, the Company succeeded in increasing its EBIT margin excluding special effects by 1.3 percentage points to 5.4%. A solid net result of CHF 36.1 million was generated in the first half-year of 2024. Due to the positive margin development, the Company now expects an EBIT margin of 5.0% to 5.5% for the current financial year (previously 4.5% to 5.5%).

In the first half of 2024, automotive industry production volumes were somewhat restrained world-wide and even declined slightly in Europe. While economic conditions in the automotive supply industry have improved to a certain extent since the coronavirus crisis, high vehicle prices in some markets were putting a damper on demand. Only North America and Asia recorded slight growth compared to the same period of the previous year.

Autoneum significantly increased its revenue consolidated in Swiss francs by CHF 109.8 million to CHF 1 212.3 million compared to the prior-year period, supported by inorganic growth. In a slightly declining market, the Company succeeded in increasing its EBIT margin excluding special effects by 1.3 percentage points to 5.4%. A solid net result of CHF 36.1 million was generated in the first half-year of 2024. Due to the positive margin development, the Company now expects an EBIT margin of 5.0% to 5.5% for the current financial year (previously 4.5% to 5.5%).

In the first half of 2024, automotive industry production volumes were somewhat restrained world-wide and even declined slightly in Europe. While economic conditions in the automotive supply industry have improved to a certain extent since the coronavirus crisis, high vehicle prices in some markets were putting a damper on demand. Only North America and Asia recorded slight growth compared to the same period of the previous year.

Despite the flat market development, Autoneum managed to significantly increase both revenue and profitability before special effects over the prior-year period. This positive development was achieved through the automotive business of traditional German company Borgers, which had been acquired as of April 1, 2023, and thus contributed for the first time to the entire reporting period. At the same time, Autoneum achieved operational improvements worldwide.

Outlook
The current S&P market forecasts assume that global automobile production will decline by 2.0%* in 2024 compared with 2023. Based on the forecast market development and further operational improvements, Autoneum continues to expect total revenue in 2024 of CHF 2.3 billion to 2.5 billion and free cash flow in the high upper double-digit million range. Due to the positive margin develop-ment, the company now expects an EBIT margin of 5.0% to 5.5% (previously 4.5% to 5.5%).

* Source: S&P Global Light Vehicle Production Forecast of July 17, 2024.

More information:
Autoneum financial year 2024
Source:

Autoneum Management AG

26.07.2024

Gold EcoVadis sustainability rating for Archroma

Archroma has been awarded a Gold rating by EcoVadis, the global rating agency for sustainability performance.

This consolidates Archroma’s position among the top 5% of the more than 130,000 companies from 180 countries and 220 industries assessed by EcoVadis against stringent criteria covering environmental performance, ethics, labor and human rights, and sustainable procurement.

“Archroma has a clear sustainability strategy that guides all of our efforts to develop and deliver innovative solutions that enhance people’s lives. This is encapsulated in the ambitious environmental operations targets we have just announced for 2030,” Mark Garrett, Group CEO, Archroma, said. “Our enduring goal is to lead our industry towards a more sustainable future. By engaging with platforms like EcoVadis, we strengthen our commitment to partnership and transparency while retaining our focus on consumers and the environment.”

Archroma has been awarded a Gold rating by EcoVadis, the global rating agency for sustainability performance.

This consolidates Archroma’s position among the top 5% of the more than 130,000 companies from 180 countries and 220 industries assessed by EcoVadis against stringent criteria covering environmental performance, ethics, labor and human rights, and sustainable procurement.

“Archroma has a clear sustainability strategy that guides all of our efforts to develop and deliver innovative solutions that enhance people’s lives. This is encapsulated in the ambitious environmental operations targets we have just announced for 2030,” Mark Garrett, Group CEO, Archroma, said. “Our enduring goal is to lead our industry towards a more sustainable future. By engaging with platforms like EcoVadis, we strengthen our commitment to partnership and transparency while retaining our focus on consumers and the environment.”

It extends to Archroma’s own operational targets. From 2023 to 2030, Archroma will work to reduce water intensity by 40%, energy intensity by 15% and waste intensity by 10%, with zero hazardous waste to landfill. It will also aim for an ambitious 20% reduction in absolute Scope 1 greenhouse gas (GHG) emissions from its own plants and processes and a 40% reduction in absolute Scope 2 indirect GHG emissions from the energy it consumes.

More information:
Archroma EcoVadis
Source:

Archroma

Flos and B&B Italia partner with “Casa Italia Paris 2024” (c) B&B Italia S.p.A.
24.07.2024

Flos and B&B Italia partner with “Casa Italia Paris 2024”

Flos and B&B Italia, furniture brands of Made in Italy design, take part in the Casa Italia Paris 2024 project, the hospitality house that will host the athletes and guests during the XXXIII Olympic Games, to be held in the French capital from 26 July to 11 August 2024.

Along with other design brands and contemporary Italian artists, the two companies participate for the first time at Casa Italia Paris 2024 showcasing their most iconic creations, both classic and contemporary, in the venue’s indoor and outdoor spaces, taking guests on a spectacular and evocative journey that epitomizes Italian elegance and beauty.

Flos and B&B Italia, furniture brands of Made in Italy design, take part in the Casa Italia Paris 2024 project, the hospitality house that will host the athletes and guests during the XXXIII Olympic Games, to be held in the French capital from 26 July to 11 August 2024.

Along with other design brands and contemporary Italian artists, the two companies participate for the first time at Casa Italia Paris 2024 showcasing their most iconic creations, both classic and contemporary, in the venue’s indoor and outdoor spaces, taking guests on a spectacular and evocative journey that epitomizes Italian elegance and beauty.

As Official Partner of Casa Italia Paris 2024, B&B Italia is furnishing the living, lounge and outdoor areas with some of its most recognisable products that combine unique design, quality, comfort and function as well as sustainability, an increasingly crucial element intrinsic to furniture designed to last over time. The UP Series by Gaetano Pesce, the Camaleonda sofa and Le Bambole seating by Mario Bellini, the Planck tables by Piero Lissoni, and the Allure O’ table and Flair O’ chairs by Monica Armani will furnish Casa Italia, highlighting a dialogue with the context through the choice of distinctive shapes, colours and materials.

The ongoing dialogue created by the brand’s products continues through to the outdoor lounge areas, where Casa Italia’s green spaces are dotted with products from the B&B Italia Outdoor collection, the brand’s outdoor furniture line launched in 2007. The Ribes sofas by Antonio Citterio, the Crinoline chairs by Patricia Urquiola and the Borea tables by Piero Lissoni will welcome athletes and guests creating stylish aesthetic synergies with the Le Pré Catelan gardens.

Flos has worked at the lighting project for Casa Italia Paris 2024 as Official Supplier, with the aim of making light a precious element for highlighting the works of art and the objects that enrich the setup of the Italian hospitality house, so that the exhibition and its narrative itinerary can be enjoyed both during daytime and nighttime hours. Light is used to shape the space in such a way as to create visual hierarchies among the superb items on display, without forgetting the ambient lighting needed for the celebratory events that will take place in the venue. The Flos lighting display includes some of the brand’s most recognisable suspension creations, such as cocoon models Taraxacum and Viscontea by Achille and Pier Giacomo Castiglioni and Zeppelin by Marcel Wanders. These interact with more recent and timeless collections, such as Glo-Ball by Jasper Morrison, Arrangements by Michael Anastassiades, IC and Captain Flint floor lamps, also by Anastassiades, and Bellhop Floor by Barber Osgerby.

For the exterior green spaces, Flos has chosen stylish outdoor floor lamps that create a harmonious dialogue with the surrounding architecture. These include Captain Flint Outdoor and IC Outdoor, designed by Michael Anastassiades, featuring bases in precious materials such as Tuscan imperial travertine and volcanic stone from the slopes of Mount Etna. Finally, Flos Architectural, the brand’s professional lighting division for large-scale projects, has equipped Casa Italia with innovative tech solutions that include The Tracking Magnet, an ingenious patented system with magnetic fastening LED lights in spot or linear versions for functional, efficient lighting that is also comfortable and non-invasive.

More information:
B&B Italia furniture
Source:

B&B Italia S.p.A.

Cellulose Fibres Conference 2025 - Call for Abstracts (c) nova-Institut GmbH
24.07.2024

Cellulose Fibres Conference 2025: Call for Abstracts

Latest developments in the sustainable textile industry will be introduced and discussed at the “Cellulose Fibres Conference 2025 – New with Biosynthetics” in Cologne, Germany and online, on 12-13 March 2025. Abstract submission is now open.

In 2024, 214 participants enjoyed two conference days in Cologne or online. The highlights were 40 presentations with lively panel discussions afterwards, the innovation award “Cellulose Fibre Innovation of the Year”, an exhibition, the poster session and plenty of networking possibilities. All of this will be repeated in 2025, including new topics, new speakers and new inputs. The “Cellulose Fibres Conference 2025” will again cover the entire value chain, from lignocellulose, chemical pulp, cellulose fibres such as rayon, viscose, modal or lyocell and new developments to a wide range of applications, e.g. textiles from renewable fibres, nonwovens such as wet wipes and composites, hygiene and packaging. The conference will further address topics like circular economy, fibre-to-fibre recycling and sustainable carbon cycles, biosynthetics, new technologies and feedstocks.

Latest developments in the sustainable textile industry will be introduced and discussed at the “Cellulose Fibres Conference 2025 – New with Biosynthetics” in Cologne, Germany and online, on 12-13 March 2025. Abstract submission is now open.

In 2024, 214 participants enjoyed two conference days in Cologne or online. The highlights were 40 presentations with lively panel discussions afterwards, the innovation award “Cellulose Fibre Innovation of the Year”, an exhibition, the poster session and plenty of networking possibilities. All of this will be repeated in 2025, including new topics, new speakers and new inputs. The “Cellulose Fibres Conference 2025” will again cover the entire value chain, from lignocellulose, chemical pulp, cellulose fibres such as rayon, viscose, modal or lyocell and new developments to a wide range of applications, e.g. textiles from renewable fibres, nonwovens such as wet wipes and composites, hygiene and packaging. The conference will further address topics like circular economy, fibre-to-fibre recycling and sustainable carbon cycles, biosynthetics, new technologies and feedstocks.

Call for Abstracts
Enterprises and research institutes are invited to contribute to the program and present their innovative products, technologies or developments. Deadline for submission is 30 September 2024.
cellulose-fibres.eu/call-for-abstracts

Call for Innovations
The conference will conclude with the innovation award “Cellulose Fibre Innovation 2025” whose winner can join the ranks of amazing innovations. The deadline for innovation submissions is 30 November 2024. The innovation award “Cellulose Fibre Innovation of the Year 2025” is sponsored by GIG Karasek.
cellulose-fibres.eu/award-application

Call for posters
The poster exhibition is highly anticipated event at the conference. Poster submissions are open until 31 January 2025.
cellulose-fibres.eu/call-for-posters

24.07.2024

German Pavilion returning to Cinte Techtextil China

The German Pavilion is confirmed to return from 19 – 21 September at the Shanghai New International Expo Centre. For the first time since borders reopened, industry leaders gathering under the banner will bolster the fair’s innovation and sustainability with a comprehensive showcase, from raw materials to machinery, complemented by diversified fringe events across the fairground.

Located in a prime area of the International Hall, the German Pavilion is set to draw crowds with its reputable products and technology. Assembling under the pavilion this year will be some new and returning German exhibitors, having made their names in the sub-categories of automotive nonwovens, industrial-use monofilaments, weaving machinery, and many more. After confirming their participation, Hansa Industrie-Mixer, J.H. Ziegler Nonwovens and New Materials, Lindauer Dornier, Monosuisse, and Perlon will showcase their expertise together with other highlighted exhibitors, including:

The German Pavilion is confirmed to return from 19 – 21 September at the Shanghai New International Expo Centre. For the first time since borders reopened, industry leaders gathering under the banner will bolster the fair’s innovation and sustainability with a comprehensive showcase, from raw materials to machinery, complemented by diversified fringe events across the fairground.

Located in a prime area of the International Hall, the German Pavilion is set to draw crowds with its reputable products and technology. Assembling under the pavilion this year will be some new and returning German exhibitors, having made their names in the sub-categories of automotive nonwovens, industrial-use monofilaments, weaving machinery, and many more. After confirming their participation, Hansa Industrie-Mixer, J.H. Ziegler Nonwovens and New Materials, Lindauer Dornier, Monosuisse, and Perlon will showcase their expertise together with other highlighted exhibitors, including:

  • Autefa Solutions – A full-service provider for turnkey nonwoven lines and machines, the company offers machines for fibre opening and blending, carding, crosslapping, needle punching, spunlace, thermobonding, amongst others. At the fair, the company will showcase technology spanning 10 application areas.
  • Emtec Electronic – The company develops specialised test devices for the nonwoven and textile industries. An innovation said to quantify handfeel, its TSA Tactile Sensation Analyzer objectively measures the softness, smoothness and stiffness of textiles and nonwovens, as well as their recovery and elongation.
  • Neuenhauser Group – The Neuenhauser Textile division provides fully-automated cleaning systems, transport automation solutions, winding technology, high-performance can coilers and weaving machine accessories. With decades of experience, the Group will debut at the fair with various innovative Agrotech, Buildtech, and Geotech solutions.
  • Reifenhauser Enka Tecnica – A specialised provider of spinnerets and precision components to the man-made fibre industry. The company manufactures a broad spectrum of spinnerets and spin packs for all spinning processes, as well as premium jet strips for hydro-entangling with extra-long service life.
  • Reifenhauser Reicofil – A well-known provider of spunbond, meltblown and composite lines for nonwoven applications in the hygiene, medical, filtration and industrial sectors. Offering a wide range of machinery at the show, the company is developing technical solutions for sophisticated and sustainable applications, with a strong focus on machine intelligence and energy efficiency.

New fringe events to further advocate innovation and sustainability
At this year’s fair, AiDLab[1] will present its AI-based Textile Inspection System (AiTIS). A world first, AiTIS automatically and accurately detects material defects in nonwovens (especially for mask making), and various textiles, reflecting the collaborative efforts of AiDLab and a Hong Kong healthcare brand. At the event, Professor Calvin Wong, CEO & Centre Director of AiDLab, will introduce the system. This will be followed by a panel discussion and Q&A session with independent consultant Mr Eric Sham and moderated by AiDLab’s Mr Barry Tai, including insights on how advanced technology is reshaping the textile industry landscape.

Going beyond innovation, the fringe programme will also for the first time include Econogy Talks[2] and sustainability tours to reflect Messe Frankfurt’s commitment to a sustainable future. Fairgoers can also visit the Innovation Showcase Area for outstanding industry achievements, with the focus this year on cutting-edge technology, green development and high-end applications. Product submission is now open. Contact us to submit your products, or register here for your visitor badge.

The fair’s product categories cover 12 application areas, which span a full range of potential uses in modern technical textiles and nonwovens. These categories also cover the entire industry, from upstream technology and raw materials providers to finished fabrics, chemicals and other solutions. This scope of product groups and application areas ensures that the fair is an effective business platform for the entire industry.

Cinte Techtextil China will be held from 19 – 21 September 2024.

[1] The Laboratory for Artificial Intelligence in Design, jointly established by The Hong Kong Polytechnic University and the UK’s Royal College of Art, under HKSAR government funding
[2] ‘Texpertise Econogy’ – the umbrella for Messe Frankfurt’s sustainability activities at its more than 50 textile trade shows worldwide

Source:

Messe Frankfurt (HK) Ltd

24.07.2024

Trützschler: Great results of TC 30i

Trützschler’s next-generation carding machine entered the market in January 2024. The machines have achieved great results during tests with customers in Türkiye and in other countries. It achieved up to 40 % higher productivity while reducing energy consumption by up to -18 %.

Trützschler’s next-generation carding machine entered the market in January 2024. The machines have achieved great results during tests with customers in Türkiye and in other countries. It achieved up to 40 % higher productivity while reducing energy consumption by up to -18 %.

Higher productivity, less energy consumption
Mayfil Tekstil is a leading company in the Turkish textile industry for the production of textured yarn. It is headquartered in Nilüfer/Bursa. Founded in 2005, it has grown rapidly by prioritizing customer satisfaction. In 2022, Mayfil invested in a modern vortex airjet spinning facility that can produce up to 35 tons per day. And the company was keen to take a close look at the TC 30i for man-made fibers to explore its potential to drive progress toward Mayfil’s ambitious growth plans. In February 2024, Mayfil Tekstil conducted tests with the TC 30i. The next-generation carding machine produced 140 kg/h viscose, which is more than 40 % higher than the 95 kg/h Mayfil produces with the current benchmark. The new carding machine also decreased electricity consumption by 18 %. Based on these results, Mayfil is purchasing further TC 30i cards.

Results confirmed
Göl Iplik Şeremet Tekstil Sanayi ve Ticaret A.S., located in Inegöl Bursa, operates three factories that deliver a variety of high-quality products, with a specialization in blended yarns. Investment in modern equipment and pioneering new products that expand its portfolio are at the heart of Göl Iplik’s success across almost four decades. Göl Iplik also tested the TC 30i for man-made fibers in early 2024. This Trützschler customer took a close look at the TC 30i during rigorous viscose trials. The TC 30i achieved a 40 % higher productivity rate with the same level of quality, while consuming 15 % less power. Göl Iplik now intends to include the TC 30i in its future investment strategy.

Benefits of the TC 30i

  1. Best quality from any raw material: High levels of productivity and yarn quality thanks to 35 % more active flats, the longest carding length in market and the T-GO automatic carding gap optimizer.
  2. Operator-independent performance: Consistent results without relying on manual operators thanks to automatic, real-time optimization of the carding gap with T-GO.
  3. Value-adding waste handling: Innovative waste suction system collects and separates different types of waste. More than 50 % of card waste can be reused or sold to third parties for an attractive price.
Source:

Trützschler Group SE

RadiciGroup and Atalanta: Renewal of partnership for 2024/25 season (c) RadiciGroup
24.07.2024

RadiciGroup and Atalanta: Renewal of partnership for 2024/25 season

RadiciGroup and Atalanta Bergamasca Calcio announce the renewal of their partnership for the 2024/25 season. RadiciGroup will be the "Sponsor del Cuore" (Heart Sponsor) for the Italian Serie A league and the Supercoppa Italia, which will take place in January 2025 in Riyadh, while it will be the "Sleeve Partner" in the UEFA Champions League and Coppa Italia matches.

RadiciGroup therefore remains the "Sponsor del Cuore" of the Atalanta team, renewing the partnership started in 2017. Over these years, during which the Nerazzurri have achieved success, RadiciGroup has always supported the management, coach, players, and staff of Atalanta. This relationship is based on shared values such as attention to the territory, passion for the black and blue colours, and the ability to showcase an incredible game that highlights each player's talent within a winning team. Atalanta concluded the 2023/24 season triumphantly, winning the Europa League and giving Bergamo fans a trophy.

RadiciGroup and Atalanta Bergamasca Calcio announce the renewal of their partnership for the 2024/25 season. RadiciGroup will be the "Sponsor del Cuore" (Heart Sponsor) for the Italian Serie A league and the Supercoppa Italia, which will take place in January 2025 in Riyadh, while it will be the "Sleeve Partner" in the UEFA Champions League and Coppa Italia matches.

RadiciGroup therefore remains the "Sponsor del Cuore" of the Atalanta team, renewing the partnership started in 2017. Over these years, during which the Nerazzurri have achieved success, RadiciGroup has always supported the management, coach, players, and staff of Atalanta. This relationship is based on shared values such as attention to the territory, passion for the black and blue colours, and the ability to showcase an incredible game that highlights each player's talent within a winning team. Atalanta concluded the 2023/24 season triumphantly, winning the Europa League and giving Bergamo fans a trophy.

More information:
RadiciGroup Sportswear
Source:

RadiciGroup

24.07.2024

AkzoNobel publishes results for Q2 2024

Highlights Q2 2024 (compared with Q2 2023)

  • Organic sales up 2%, with volumes up 1%; Revenue up 2%
  • Operating income €270 million (2023: €279 million)
  • Adjusted EBITDA €400 million (2023: €397 million); Adjusted EBITDA margin 14.4% (2023: 14.5%)
  • Net cash from operating activities positive €151 million (2023: positive €305 million)

Highlights half-year 2024 (compared with half-year 2023)

  • Organic sales up 2%, driven by higher volumes and positive price/mix; revenue flat
  • Operating income €531 million (2023: €461 million)
  • Adjusted EBITDA €763 million (2023: €702 million); Adjusted EBITDA margin 14.1% (2023: 13.0%)
  • Net cash from operating activities negative €19 million (2023: positive €255 million)

Outlook
Based on current market conditions and constant currencies, AkzoNobel expects to deliver 2024 adjusted EBITDA towards the lower end of its full-year guidance range of €1.5 to €1.65 billion.

Highlights Q2 2024 (compared with Q2 2023)

  • Organic sales up 2%, with volumes up 1%; Revenue up 2%
  • Operating income €270 million (2023: €279 million)
  • Adjusted EBITDA €400 million (2023: €397 million); Adjusted EBITDA margin 14.4% (2023: 14.5%)
  • Net cash from operating activities positive €151 million (2023: positive €305 million)

Highlights half-year 2024 (compared with half-year 2023)

  • Organic sales up 2%, driven by higher volumes and positive price/mix; revenue flat
  • Operating income €531 million (2023: €461 million)
  • Adjusted EBITDA €763 million (2023: €702 million); Adjusted EBITDA margin 14.1% (2023: 13.0%)
  • Net cash from operating activities negative €19 million (2023: positive €255 million)

Outlook
Based on current market conditions and constant currencies, AkzoNobel expects to deliver 2024 adjusted EBITDA towards the lower end of its full-year guidance range of €1.5 to €1.65 billion.

More information:
AkzoNobel financial year 2024
Source:

AkzoNobel

Photo RE&UP Recycling Technologies
23.07.2024

RE&UP's recycling technologies: €70 million senior loan from Proparco

Proparco has announced a €70 million senior loan to RE&UP Recycling Technologies, the circulartech textile recycling venture of SANKO Group. This investment will enhance RE&UP's capacity to scale Next-Gen recycled fiber production while reducing both carbon and water footprints driving RE&UP to set a new standard for circularity in the textile industry.

SANKO Group, with over 120 years of industry experience, remains a key partner for Proparco. The loan will support the construction of a new textile-to-textile recycling facility in Gaziantep, featuring 8.4MW rooftop solar panels for self-consumption.

Proparco has announced a €70 million senior loan to RE&UP Recycling Technologies, the circulartech textile recycling venture of SANKO Group. This investment will enhance RE&UP's capacity to scale Next-Gen recycled fiber production while reducing both carbon and water footprints driving RE&UP to set a new standard for circularity in the textile industry.

SANKO Group, with over 120 years of industry experience, remains a key partner for Proparco. The loan will support the construction of a new textile-to-textile recycling facility in Gaziantep, featuring 8.4MW rooftop solar panels for self-consumption.

More information:
SANKO Group Proparco loan
Source:

RE&UP Recycling Technologies