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(c) Hologenix
31.05.2023

CELLIANT® with REPREVE® wins third Consecutive Award

CELLIANT® with REPREVE®, introduced by Hologenix with global textile solutions provider UNIFI®, makers of REPREVE®, has been awarded a Top 5 Selection in the Accelerated Eco category of the Spring/Summer ISPO Textrends 2025 Awards.

Last fall CELLIANT with REPREVE was also awarded a Selection in the Fibers & Insulation Category of the ISPO Textrends Fall/Winter 2024/2025. In addition, in the spring the fiber was shortlisted in the Drapers Sustainable Fashion 2023 Awards in the Sustainable Textile Innovation category.

Twice a year, ISPO recognizes innovative fibers, fabrics and components that are used to manufacture sports apparel. Both companies are excited that this innovation, whereby CELLIANT infrared (IR) technology is embedded into REPREVE, a brand of recycled fiber, has achieved these honors. CELLIANT with REPREVE is a performance fiber made from recycled materials that have been enhanced with IR technology to provide wellness benefits to the consumer.  

CELLIANT® with REPREVE®, introduced by Hologenix with global textile solutions provider UNIFI®, makers of REPREVE®, has been awarded a Top 5 Selection in the Accelerated Eco category of the Spring/Summer ISPO Textrends 2025 Awards.

Last fall CELLIANT with REPREVE was also awarded a Selection in the Fibers & Insulation Category of the ISPO Textrends Fall/Winter 2024/2025. In addition, in the spring the fiber was shortlisted in the Drapers Sustainable Fashion 2023 Awards in the Sustainable Textile Innovation category.

Twice a year, ISPO recognizes innovative fibers, fabrics and components that are used to manufacture sports apparel. Both companies are excited that this innovation, whereby CELLIANT infrared (IR) technology is embedded into REPREVE, a brand of recycled fiber, has achieved these honors. CELLIANT with REPREVE is a performance fiber made from recycled materials that have been enhanced with IR technology to provide wellness benefits to the consumer.  

CELLIANT is a natural blend of IR-generating bioceramic minerals, which, when embedded into textiles, allows them to convert body heat into infrared energy, returning it to the body and temporarily increasing local circulation and cellular oxygenation. This aids in muscle recovery, increases endurance, and improves overall performance in healthy individuals, among other benefits.
 
REPREVE recycled performance fiber consists of high-quality fibers made from 100% recycled materials, including post-consumer plastic bottles and pre-consumer waste. It is also certified and traceable with UNIFI’s U TRUST® verification and FiberPrint™ technology, which provide assurance that the product comes from recycled materials. Compared to virgin fiber, REPREVE helps to offset the use of petroleum, conserving water and energy and emitting fewer greenhouse gasses.

This award marks the third year in a row that Hologenix has had its CELLIANT technology recognized in the ISPO Textrends Awards. CELLIANT in pure white was a Top Ten Winner in 2022. The prior year, CELLIANT Viscose was a Selection Winner as well. 

Source:

Hologenix, LLC

24.05.2023

SGL Carbon SE: Annual General Meeting 2023

The shareholders of SGL Carbon SE approved all agenda items at the Annual General Meeting on May 9, 2023. The Annual General Meeting, which was held virtually, was attended by up to 114 electronically connected shareholders who, together with the postal votes submitted, represented 64.64% of the share capital.

CEO Dr. Torsten Derr began his speech with a review of SGL Carbon's two-year transformation phase. "In two years, we have been able to increase our sales by 23.5% and adjusted EBITDA by as much as 86.2%. In parallel, we reduced our debt by 40.4%," Dr. Derr elaborated. He also reported on the past financial year and the expectations for the future economic development of the company. In doing so, he also addressed SGL Carbon's growth markets in detail. "Over the past two years, we have made SGL fit for the future. With our products, we serve industries that significantly reflect the trends for the future: climate-friendly mobility, renewable energies and digitalization," he explained.

The shareholders of SGL Carbon SE approved all agenda items at the Annual General Meeting on May 9, 2023. The Annual General Meeting, which was held virtually, was attended by up to 114 electronically connected shareholders who, together with the postal votes submitted, represented 64.64% of the share capital.

CEO Dr. Torsten Derr began his speech with a review of SGL Carbon's two-year transformation phase. "In two years, we have been able to increase our sales by 23.5% and adjusted EBITDA by as much as 86.2%. In parallel, we reduced our debt by 40.4%," Dr. Derr elaborated. He also reported on the past financial year and the expectations for the future economic development of the company. In doing so, he also addressed SGL Carbon's growth markets in detail. "Over the past two years, we have made SGL fit for the future. With our products, we serve industries that significantly reflect the trends for the future: climate-friendly mobility, renewable energies and digitalization," he explained.

After 14 years on the Supervisory Board of SGL Carbon, this was Dr. h.c. Susanne Klatten's last Annual General Meeting as Chairwoman of the Supervisory Board. She had already informed the Company on February 14, 2023, that she would be leaving the Board at the end of this Annual General Meeting. As the largest shareholder, Dr. h.c. Klatten will remain associated with SGL Carbon through SKion GmbH.

As proposed, the Annual General Meeting elected Prof. Dr. Frank Richter as a shareholder representative on the Supervisory Board to succeed Dr. h.c. Susanne Klatten. Following the Annual General Meeting, the constituent meeting of the Supervisory Board elected Prof. Dr. Richter as Chairman of the Supervisory Board. Prof. Dr. Richter is Managing Director of SKion GmbH, Bad Homburg, which holds a stake of approximately 28.55% in SGL Carbon SE. Furthermore, Ingeborg Neumann, Managing Partner of Peppermint Holding GmbH, Berlin, was elected to the Supervisory Board of SGL Carbon SE for a further term of office.

Source:

SGL Carbon SE

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.

Source:

Lenzing AG

(c) INDEX™ | Palexpo SA
26.04.2023

INDEX™23 concludes successfully with over 610 exhibitors

The international nonwovens community came together once again in Geneva this week for INDEX™23, with with 12,017 attendees from over 100 countries and 610 exhibitors from 43 countries joining the event.

Exhibitors made the most of the four intensive days to meet potential new customers and extend business with existing clients. As one of the world’s leading nonwovens exhibitions, INDEX™ demonstrated the latest breakthroughs and innovative developments across all nonwovens’ applications.

The INDEX™ Lab, an exchange hub displaying samples from innovations and new developments, also showcased the winners and runners up from each of the five categories of the INDEX™ Innovation Award. Open to any EDANA member company or exhibitor at INDEX™23, the winners were announced on the first day of the exhibition during a dedicated ceremony at the EDANA stand.

The winners (more infomation):

The international nonwovens community came together once again in Geneva this week for INDEX™23, with with 12,017 attendees from over 100 countries and 610 exhibitors from 43 countries joining the event.

Exhibitors made the most of the four intensive days to meet potential new customers and extend business with existing clients. As one of the world’s leading nonwovens exhibitions, INDEX™ demonstrated the latest breakthroughs and innovative developments across all nonwovens’ applications.

The INDEX™ Lab, an exchange hub displaying samples from innovations and new developments, also showcased the winners and runners up from each of the five categories of the INDEX™ Innovation Award. Open to any EDANA member company or exhibitor at INDEX™23, the winners were announced on the first day of the exhibition during a dedicated ceremony at the EDANA stand.

The winners (more infomation):

  1. Nonwoven roll goods
    Winner: Suominen – HYDRASPUN® Circula Nonwoven
  2. Finished products made from, or incorporating nonwovens
    Winner: Henkel – Smart Adult Care
  3. Raw materials or components (e.g., fibre, binder, polymer, tape), of special relevance to the nonwovens industry and related converted products
    Winner: Fiberpartner – BicoBio
  4. Innovation in machinery of special relevance to the nonwovens industry
    Winner: Curt G. Joa, Inc. – ESC-8™
  5. Sustainable Product
    Winner: Sparkle Innovations – SugaFluff™

The "Nonwovens Journey", an immersive experience that takes a look at the innovative role of nonwovens, as well as how innovation has progressed in time around both sustainability, and how nonwovens are used in everyday life, also allowed visitors to discover the versatility of nonwovens.

Running alongside the exhibition itself, there was also a full programme of side events that were enjoyed by participants: Exhibitor Product Presentations from 33 exhibitors; a series of informative seminars covering a myriad of topics including medical nonwovens, sustainability, circular economy, geosynthetics, textiles, mobility, fair trade, gender equity, innovation, and market trends; country-specific briefings offering insights into the nonwovens market in various regions around the world; and a nonwovens tutorial intended as an induction to nonwovens for those new to the industry. These topics were all presented by leading industry experts and guest speakers, including among others, the World Trade Organization (WTO).

Concern for the environment has in recent years become increasingly important, and once again remained a key topic at INDEX™23, with companies pushing to achieve further CO2 reductions and circularity across the supply chain.

Continuing on from its success during COVID-19, the INDEX™23 Mobile App and Virtual Platform was back. This tool offered participants – both in Geneva and those following from home – the chance to watch presentations live and interact with speakers, exhibitors, and other participants. Attendees were able to plan their visit and organize meetings, which was highly appreciated. Video recordings from the sessions will remain available online in the app and platform for the coming weeks.

The next INDEX™ will take place in three years from 21-24 April 2026.

Source:

INDEX™ | Palexpo SA

(c) FET
FET’s show booth at the Hong Kong exhibition
19.04.2023

FET supports Green Textile Exhibition in Hong Kong

Fibre Extrusion Technology Ltd (FET) of Leeds, UK participated in the “Green Textile and Innovation Technology Forum and Exhibition” in Hong Kong, taking a small booth to support the event and FET’s official agent in the region, Chemtax. This was the first in a series of international exhibitions that FET will be attending in 2023.

The interactive exhibition was organised by the Hong Kong General Chambers of Textiles, with over 20 industrial experts and 300 guests in discussion forums and meetings. The major themes explored were sustainable solutions, new technologies and future trends in green textiles. The region is committed to improved sustainability in textiles, with China in particular setting ambitious targets for high performance fibre self-sufficiency, developments in biodegradable material and increased production capacity in recycled fibre.

Fibre Extrusion Technology Ltd (FET) of Leeds, UK participated in the “Green Textile and Innovation Technology Forum and Exhibition” in Hong Kong, taking a small booth to support the event and FET’s official agent in the region, Chemtax. This was the first in a series of international exhibitions that FET will be attending in 2023.

The interactive exhibition was organised by the Hong Kong General Chambers of Textiles, with over 20 industrial experts and 300 guests in discussion forums and meetings. The major themes explored were sustainable solutions, new technologies and future trends in green textiles. The region is committed to improved sustainability in textiles, with China in particular setting ambitious targets for high performance fibre self-sufficiency, developments in biodegradable material and increased production capacity in recycled fibre.

This fits perfectly with FET’s ethos, having long been a leading exponent of sustainability in fibre technology. The FET range of laboratory and pilot Melt Spinning extrusion lines is suited for both process and end product development of sustainable materials, enabling customers to undertake process development in-house. All FET systems are designed to be material efficient, can be bespoke designed and offer both flexibility and a high level of processing capability.

Source:

Fibre Extrusion Technology Ltd (FET)

Celliant -how it works (c) Hologenix
06.04.2023

Hologenix: Infrared technology with potentially positive impact on diabetic patients

The diabetic community has always been a priority for Hologenix, creators of CELLIANT® infrared technology, so the company embarked on an initial study to test the hypothesis that the technology can positively impact diabetic patients with vascular impairment, now published in Journal of Textile Science & Engineering. Another study is underway as well with more research on the horizon.

The diabetic community has always been a priority for Hologenix, creators of CELLIANT® infrared technology, so the company embarked on an initial study to test the hypothesis that the technology can positively impact diabetic patients with vascular impairment, now published in Journal of Textile Science & Engineering. Another study is underway as well with more research on the horizon.

According to statistics cited in the International Diabetes Federation Diabetes Atlas, 9th edition, globally, close to a half billion people are living with diabetes and that number is expected to increase by more than 50 percent in the next 25 years.
 
The introduction of the study in the Journal of Textile Science & Engineering also reports that diabetic patients frequently suffer from a combination of peripheral neuropathy and peripheral artery disease, which particularly affects their feet. It further states that it has been estimated that the lifetime risk for the development of foot ulcers in diabetic patients can be as high as 25 percent and that the risk of amputation is 10 to 20 times higher than in non-diabetic subjects.
 
The study was performed by Lawrence A. Lavery, D.P.M., M.P.H., a Professor in the Department of Plastic Surgery at UT Southwestern Medical Center. His clinic and research interests involve diabetic foot complications, infections and wound healing, and he participated in the conception, design, implementation and authorship of the Journal of Textile Science & Engineering study.  

CELLIANT technology is a patented process for adding micron-sized thermo-responsive mineral particles to fibers, in this case polyethylene terephthalate (PET) fibers. The resulting CELLIANT yarns were woven into stockings and gloves containing either 82% CELLIANT polyester, 13% nylon and 5% spandex or for the placebo, 82% polyester with no CELLIANT, 13% nylon and 5% spandex. CELLIANT products absorb body heat and re-emit the energy back to the body as infrared energy, which is non-invasive and increases temporary blood flow and cell oxygenation levels in the body.

The objective of the study was to “evaluate changes in transcutaneous oxygen (TcPO2) and peripheral blood flow (laser Doppler, LD) in the hands and feet of diabetic patients with vascular impairment when CELLIANT gloves and stockings are worn.” While there was not a statistically significant result across all subjects, the study did show that some patients wearing CELLIANT stockings for 60 minutes had an increase of as much as 20% in tissue oxygenation and 30% in localized blood flow. According to the study’s conclusion, “the trends that were observed in favor of CELLIANT stockings suggest that a larger well-designed clinical trial should be undertaken and may provide evidence of clinical efficacy in treatment of the diabetic foot.”
 
The study also notes that “There have been no documented or observed side effects of wearing CELLIANT stockings, and they are relatively inexpensive compared to conventional pharmaceutical interventions.”

Hologenix has embarked on a more comprehensive trial, “Study to Evaluate CELLIANT Diabetic Medical Socks to Increase Tissue Oxygenation and Incidence of Complete Wound Closure in Diabetic Foot Wounds” – NCT04709419, which focuses on the impact of CELLIANT technology to potentially improve tissue oxygenation and wound healing outcomes.
 
“We are excited to explore whether future studies of infrared, with its most common biological effects of increased localized blood flow and cellular oxygenation, could result in a breakthrough in diabetic patients with vascular impairment,” said Seth Casden, Hologenix Co-founder and CEO. “We see a huge potential opportunity with this research for helping to fulfill our core mission of improving people’s health and well-being by potentially reducing the impact of diabetes, and we are actively seeking partners to expand our research efforts.”

Source:

Hologenix

06.04.2023

C&S becomes co-owner of the brand Siviglia

After the recent acquisition of Texo S.R.L. which has strengthened the company's presence in the luxury segment, C&S takes a further step forward in the creation of a widespread garment manufacturing hub in the heart of Italy. C&S takes ownership of the Seville brand together with the Bianchetti family, who remain co-owners covering mainly style research and development functions. The Italian style, which amounts to an aesthetic identity and a guarantee of artisan quality, a cultural orientation toward manufacturing excellence and product design, finally to an approach to the market characterized by availability, openness and interaction with the customer.

This acquisition strengthens C&S direct contact with retail, going alongside HAIKURE, PDF and other brands still being finalized, and will be able to generate a profitable exchange with the Style Services Luxe and Style Services Denim divisions, through which C&S stands out as an exceptional partner for all the brands that choose to rely on its experience in the world of jeans, luxury and formalwear.

After the recent acquisition of Texo S.R.L. which has strengthened the company's presence in the luxury segment, C&S takes a further step forward in the creation of a widespread garment manufacturing hub in the heart of Italy. C&S takes ownership of the Seville brand together with the Bianchetti family, who remain co-owners covering mainly style research and development functions. The Italian style, which amounts to an aesthetic identity and a guarantee of artisan quality, a cultural orientation toward manufacturing excellence and product design, finally to an approach to the market characterized by availability, openness and interaction with the customer.

This acquisition strengthens C&S direct contact with retail, going alongside HAIKURE, PDF and other brands still being finalized, and will be able to generate a profitable exchange with the Style Services Luxe and Style Services Denim divisions, through which C&S stands out as an exceptional partner for all the brands that choose to rely on its experience in the world of jeans, luxury and formalwear.

High quality and Made in Italy trousers, but there is more, the brand Siviglia from the Marche region brings to C&S a wealth of tailoring skills and product construction. Born in Marotta (PU) in 2006 from the Bianchetti family, Siviglia is a reality that has experienced rapid commercial success since its entry into the market thanks to the intuition of the iconic trousers with fabric inserts at mid-thigh inspired by the Spanish horsemen, hence the name that recalls the Andalusian capital.

The success of Siviglia is built on coats, trousers and jeans characterized by fit and linear style, thanks to the continuous research on the product, on the fabrics and on the emerging trends, in a personal reinterpretation of the codes of elegance. The corporate style permeates not only the choice of materials and accessories, but is distinguished by the packaging components and the use of visual and communicative languages in line with the brand identity. By interpreting the contemporary and foreseeing the future needs of a constantly evolving market, Siviglia aims to provide its customers with the best in the broadest sense, including among its qualitative goals the reduction of the environmental impact of productions and materials used.

More information:
C&S Siviglia Bianchetti
Source:

Menabò Group srl

(c) Hologenix, LLC
03.03.2023

Hologenix: CELLIANT with REPREVE shortlisted for Drapers Sustainable Fashion Awards

Hologenix announces that CELLIANT® with REPREVE®, a performance fiber made from recycled materials and enhanced with IR technology, has been shortlisted for the Drapers Sustainable Fashion 2023 Awards. Introduced with global textile solutions provider UNIFI® makers of REPREVE®, CELLIANT with REPREVE is honored in the Sustainable Textile Innovation Category of the awards.

The Drapers Awards recognize the strides that are being made in reducing the industry’s environmental impact and creating fairer working conditions across the supply chain. According to Drapers the quality and quantity of entries were higher than ever this year. Judging was underpinned by the UN-backed Sustainable Development Goals. Winners will be announced at a ceremony on May 25, 2023 at The Brewery in London.

This recognition is the second award for CELLIANT with REPREVE since its launch in the fall of 2022 – it was previously named a Selection in the Fibers & Insulation Category of ISPO Textrends Fall/Winter 2024/25. This is also the second year in a row that a Hologenix innovation has been shortlisted for the Drapers Sustainable Fashion Awards.

Hologenix announces that CELLIANT® with REPREVE®, a performance fiber made from recycled materials and enhanced with IR technology, has been shortlisted for the Drapers Sustainable Fashion 2023 Awards. Introduced with global textile solutions provider UNIFI® makers of REPREVE®, CELLIANT with REPREVE is honored in the Sustainable Textile Innovation Category of the awards.

The Drapers Awards recognize the strides that are being made in reducing the industry’s environmental impact and creating fairer working conditions across the supply chain. According to Drapers the quality and quantity of entries were higher than ever this year. Judging was underpinned by the UN-backed Sustainable Development Goals. Winners will be announced at a ceremony on May 25, 2023 at The Brewery in London.

This recognition is the second award for CELLIANT with REPREVE since its launch in the fall of 2022 – it was previously named a Selection in the Fibers & Insulation Category of ISPO Textrends Fall/Winter 2024/25. This is also the second year in a row that a Hologenix innovation has been shortlisted for the Drapers Sustainable Fashion Awards.

CELLIANT is a natural blend of IR-generating bioceramic minerals, which, when embedded into textiles, allows them to convert body heat into infrared energy, returning it to the body and temporarily increasing local circulation and cellular oxygenation. This aids significantly in muscle recovery, increases endurance and improves overall performance in healthy individuals, among other benefits.

REPREVE recycled performance fiber consists of high-quality fibers made from 100% recycled materials, including post-consumer plastic bottles and pre-consumer waste. It is also certified and traceable with UNIFI’s U TRUST® verification and FiberPrint™ technology, which provide assurance that the product comes from recycled materials. Compared to virgin fiber, REPREVE helps to offset the use of petroleum, conserving water and energy and emitting fewer greenhouse gasses.

01.03.2023

Archroma completes acquisition of Huntsman Textile Effects

Archroma announced the closing of the acquisition of the Textile Effects business from Huntsman Corporation (“Huntsman Textile Effects”).

When the Huntsman Textile Effects acquisition was first announced in August 2022, Archroma Group Chief Executive Officer (CEO) Heike van de Kerkhof called the transaction a “merger of equals”. Indeed, the global business of Huntsman Textile Effects comprises approximately 2,300 employees in 33 countries and 10 production sites globally which, when combined with Archroma, means the company will have more than 5,000 employees in total, in 42 countries and 35 production sites.

In addition to the closing of the Textile Effects acquisition, Archroma announced that it has updated its overall business into two operating divisions for growth, each focused on a separate end market.

Archroma announced the closing of the acquisition of the Textile Effects business from Huntsman Corporation (“Huntsman Textile Effects”).

When the Huntsman Textile Effects acquisition was first announced in August 2022, Archroma Group Chief Executive Officer (CEO) Heike van de Kerkhof called the transaction a “merger of equals”. Indeed, the global business of Huntsman Textile Effects comprises approximately 2,300 employees in 33 countries and 10 production sites globally which, when combined with Archroma, means the company will have more than 5,000 employees in total, in 42 countries and 35 production sites.

In addition to the closing of the Textile Effects acquisition, Archroma announced that it has updated its overall business into two operating divisions for growth, each focused on a separate end market.

The Textile Effects business acquired from Huntsman will be integrated with the Brand & Performance Textile Specialties business of Archroma into one new division named Archroma Textile Effects. The new division will be led by Rohit Aggarwal, former President of Huntsman Textile Effects, who is appointed as Divisional President & CEO of the Archroma Textile Effects division, as well as President Asia.

The Packaging & Paper Specialties and Coatings, Adhesives & Sealants businesses of Archroma have been recently combined into one new division named Archroma Paper, Packaging & Coatings, under the leadership of Sameer Singla, Divisional President & CEO of the Archroma Paper, Packaging & Coatings division, as well as President Americas and Europe, Middle East & Africa.

This new structure will ensure that both divisions obtain the resources and focus needed to continue providing Archroma’s customers and business partners with the superior experience and solutions they have come to expect.

In particular, Archroma is committed to supporting global megatrends and societal shifts such as circular fashion, plastic-to-paper replacement, and water-based paints and coatings, with the innovations and solutions needed to do so.

Source:

Archroma

(c) Hologenix
21.12.2022

Celliant® with Repreve® receives ISPO Textrends awards

Hologenix®, creators of CELLIANT®, is pleased to announce CELLIANT® with REPREVE® – introduced with global textile solutions provider UNIFI®, makers of REPREVE® – has been awarded a Selection in the Fibers & Insulation Category of ISPO Textrends Fall/Winter 2024/25.

Twice a year, ISPO recognizes innovative fibers, fabrics and components that are used to manufacture sports apparel. Both companies are excited that CELLIANT® with REPREVE®, whereby CELLIANT infrared (IR) technology is embedded into REPREVE, a brand of recycled fiber, has achieved the honor. CELLIANT® with REPREVE® is a performance fiber made from recycled materials that have been enhanced with IR technology to provide wellness benefits to the consumer.

CELLIANT is a natural blend of IR-generating bioceramic minerals, which, when embedded into textiles, allows them to convert body heat into infrared energy, returning it to the body and temporarily increasing local circulation and cellular oxygenation. This aids significantly in muscle recovery, increases endurance, and improves overall performance in healthy individuals, among other benefits.

Hologenix®, creators of CELLIANT®, is pleased to announce CELLIANT® with REPREVE® – introduced with global textile solutions provider UNIFI®, makers of REPREVE® – has been awarded a Selection in the Fibers & Insulation Category of ISPO Textrends Fall/Winter 2024/25.

Twice a year, ISPO recognizes innovative fibers, fabrics and components that are used to manufacture sports apparel. Both companies are excited that CELLIANT® with REPREVE®, whereby CELLIANT infrared (IR) technology is embedded into REPREVE, a brand of recycled fiber, has achieved the honor. CELLIANT® with REPREVE® is a performance fiber made from recycled materials that have been enhanced with IR technology to provide wellness benefits to the consumer.

CELLIANT is a natural blend of IR-generating bioceramic minerals, which, when embedded into textiles, allows them to convert body heat into infrared energy, returning it to the body and temporarily increasing local circulation and cellular oxygenation. This aids significantly in muscle recovery, increases endurance, and improves overall performance in healthy individuals, among other benefits.

REPREVE recycled performance fiber consists of high-quality fibers made from 100% recycled materials, including post-consumer plastic bottles and pre-consumer waste. It is also certified and traceable with UNIFI’s U TRUST® verification and FiberPrint™ technology, which provide assurance that the product comes from recycled materials. Compared to virgin fiber, REPREVE helps to offset the use of petroleum, conserving water and energy and emitting fewer greenhouse gasses.

This award marks the third year in a row that Hologenix has had its CELLIANT technology recognized in the Fall/Winter Textrends Awards. CELLIANT in pure white was a Top Ten Winner in last year’s awards. The prior year, CELLIANT Viscose was a Selection Winner as well.

Source:

Hologenix, LLC

Photo: ANDRITZ
21.12.2022

ANDRITZ: Customer day for hygiene products value chain

ANDRITZ has organized a customer day fully dedicated to the absorbent hygiene products value chain on November 09, 2022. This event took place at the ANDRITZ Diatec premises in Pescara, Italy, with a variety of key players from the nonwovens industry coming from all over Europe and beyond.

At this event, attendees benefited from live demonstrations of converting lines, market and nonwoven production insights, a panel discussion on sustainability, and networking opportunities, including:

  • Recent market situation, trends, and some food for thoughts
  • Technology insights for nonwoven roll-good production: Spunjet Soft, Air-Through Bonding, and Spunlace
  • Company tour with live demonstration of converting lines
  • Panel discussion on sustainability accompanied by important industry players around the value chain

ANDRITZ has organized a customer day fully dedicated to the absorbent hygiene products value chain on November 09, 2022. This event took place at the ANDRITZ Diatec premises in Pescara, Italy, with a variety of key players from the nonwovens industry coming from all over Europe and beyond.

At this event, attendees benefited from live demonstrations of converting lines, market and nonwoven production insights, a panel discussion on sustainability, and networking opportunities, including:

  • Recent market situation, trends, and some food for thoughts
  • Technology insights for nonwoven roll-good production: Spunjet Soft, Air-Through Bonding, and Spunlace
  • Company tour with live demonstration of converting lines
  • Panel discussion on sustainability accompanied by important industry players around the value chain
Source:

ANDRITZ Küsters GmbH

(c) HeiQ
16.12.2022

HeiQ introduces new technologies to promote better sleep quality

HeiQ will present a host of innovative technologies to battle those enemies of sleep represented by heat, odor, and inanimate allergens, thereby addressing one of the most underrated elements that hinder a healthy life: a good night’s sleep.

HeiQ has developed technologies that promote better sleep quality for all:

HeiQ will present a host of innovative technologies to battle those enemies of sleep represented by heat, odor, and inanimate allergens, thereby addressing one of the most underrated elements that hinder a healthy life: a good night’s sleep.

HeiQ has developed technologies that promote better sleep quality for all:

  • HeiQ Cool - one of the first textile technologies to deliver both instant contact cooling and continuous evaporative cooling for optimal well-being during sleep.
  • HeiQ Mint - a plant-based deodorizer that controls odor development on textiles, providing fabrics with a long-lasting odor control capability that keeps textiles smelling fresh for longer.
  • HeiQ Allergen* Tech - a 100% biobased, proprietary technology that reduces exposure to allergens such as house dust mite matter, and pet allergens with the help of active probiotics. The technology is tested and certified by an accredited lab, BMA Labor in Bochum, Germany, and has been granted the Allergy UK Seal of Approval by The British Allergy Foundation.

These effective ingredients are already being applied to final products by HeiQ’s partners. Among them are Trendsetter/John Lewis pillows, duvets, and mattress protectors (with HeiQ Cool & HeiQ Allergen Tech), Trident Jiva Hypoallergenic bed linen (with HeiQ Allergen Tech), Belfama shower towels (with HeiQ Mint), and Lameirinho bed linen/bed sheets (with HeiQ Allergen Tech).

The above mentioned and HeiQ will showcase their new products at Heimtextil 2023 in Frankfurt, Germany, 10- 13 January 2023.

Source:

HeiQ Materials AG

Photo Autoneum Management AG
Eelco Spoelder
13.12.2022

Eelco Spoelder new CEO of Autoneum

Matthias Holzammer is handing over the operational management of Autoneum for family reasons as of March 27, 2023. As his successor the Board of Directors has appointed Eelco Spoelder, who has over 25 years of experience in the automotive supply industry.

Eelco Spoelder has held global leadership positions in the automotive supply industry at Faurecia and previously Continental, where he ensured operational competence and strategic continuity even in a challenging market environment.
He has extensive experience in operations, manufacturing, purchasing, customer satisfaction, quality and IT and has proved successful in transforming businesses and delivering profitable growth. His core competencies include negotiating with an international network of customers and suppliers in the automotive supply industry. He is also deeply familiar with technology trends in the automotive industry.

Matthias Holzammer is handing over the operational management of Autoneum for family reasons as of March 27, 2023. As his successor the Board of Directors has appointed Eelco Spoelder, who has over 25 years of experience in the automotive supply industry.

Eelco Spoelder has held global leadership positions in the automotive supply industry at Faurecia and previously Continental, where he ensured operational competence and strategic continuity even in a challenging market environment.
He has extensive experience in operations, manufacturing, purchasing, customer satisfaction, quality and IT and has proved successful in transforming businesses and delivering profitable growth. His core competencies include negotiating with an international network of customers and suppliers in the automotive supply industry. He is also deeply familiar with technology trends in the automotive industry.

“In view of the many challenges and opportunities in the automotive industry, we are proud to have found in Mr. Spoelder a very accomplished and experienced leader who will further develop and implement our proven strategy,” said Hans-Peter Schwald, Chairman of the Board of Directors of Autoneum Holding Ltd.

Matthias Holzammer is leaving Autoneum at his own request for family reasons and will hand over operational management of the Group to Mr. Spoelder on March 27, 2023. He will then serve as Senior Advisor to the Chairman of the Board of Directors and the new CEO until June 30, 2023.

Source:

Autoneum Management AG

(c) INDA
22.11.2022

INDA's Hygienix 2022 concludes eighth annual Conference

INDA, the Association of the Nonwoven Fabrics Industry convened 500 absorbent hygiene and personal care professionals from 30 countries and throughout the supply chain to participate in the eighth edition of Hygienix™ – the premier event for absorbent hygiene & personal care markets – held in New Orleans, Louisiana, Nov. 14-17.

The program kicked off with recycling approaches for disposable absorbent hygiene waste, followed by business impacts of period product legislation and regulation, new menstrual products, consumer trends, and three finalist presentations for the 2022 Hygienix Innovation Award™.

The event also included presentations from 18 other industry experts along with 13 hours of scheduled face-to-face networking, and 50 tabletop display exhibits and banquet receptions on Tuesday and Wednesday nights.

One highlight of the event was the presentation of INDA’s prestigious Hygienix Innovation Award™ to Egal Pads for Pads on a Roll™ a wrapped super-thin absorbent period pad that dispenses like toilet paper in public bathroom stalls. The product aims to prevent the personal embarrassment of not having a menstrual product when needed.

INDA, the Association of the Nonwoven Fabrics Industry convened 500 absorbent hygiene and personal care professionals from 30 countries and throughout the supply chain to participate in the eighth edition of Hygienix™ – the premier event for absorbent hygiene & personal care markets – held in New Orleans, Louisiana, Nov. 14-17.

The program kicked off with recycling approaches for disposable absorbent hygiene waste, followed by business impacts of period product legislation and regulation, new menstrual products, consumer trends, and three finalist presentations for the 2022 Hygienix Innovation Award™.

The event also included presentations from 18 other industry experts along with 13 hours of scheduled face-to-face networking, and 50 tabletop display exhibits and banquet receptions on Tuesday and Wednesday nights.

One highlight of the event was the presentation of INDA’s prestigious Hygienix Innovation Award™ to Egal Pads for Pads on a Roll™ a wrapped super-thin absorbent period pad that dispenses like toilet paper in public bathroom stalls. The product aims to prevent the personal embarrassment of not having a menstrual product when needed.

INDA President Tony Fragnito presented the 2022 INDA Lifetime Service Award to Dave Rousse, INDA President Emeritus, for his long-established service to the nonwovens industry and INDA. Rousse led the acquisition of the INSIGHT conference, and combined the INDA Vision Conference to launch the Hygienix™ conference for the absorbent hygiene and personal care market in 2015, and initiated the purchase of INDA Media.

Hygienix™ 2023 will be held Nov 13-16, in New Orleans, Louisiana .

Source:

INDA

Photo munichfabricstart
21.11.2022

300 Pre-Collections at VIEW Premium Selection

First insights, first new materials and trend highlights: On 29 and 30 November 2022, the European premium fabric sector will meet for an important exchange with international producers at VIEW in Munich to find out about the first colour and material trends for spring/summer 2024 at the earliest possible time. A selected range of around 300 pre-collections will be on show at the MVG Museum. This means that VIEW will once again be strong and business-relevant this season.

First insights, first new materials and trend highlights: On 29 and 30 November 2022, the European premium fabric sector will meet for an important exchange with international producers at VIEW in Munich to find out about the first colour and material trends for spring/summer 2024 at the earliest possible time. A selected range of around 300 pre-collections will be on show at the MVG Museum. This means that VIEW will once again be strong and business-relevant this season.

The past VIEW Premium Selection in June 2022 was a great success. Completely booked out and more international than ever, the Preview Textile Show of Munich Fabric Start Exhibitions GmbH was an important contact point for the buying and design teams of companies such as Akris, Baldessarini, Bogner, Calvin Klein, Cinque, Comma, Drykorn, Escada, Hugo Boss, Lala Berlin, Lagerfeld, Laurél, MAC, Marc Cain, Marc O'Polo, Riani, Schumacher or Strellson. The trend towards an increasingly international range continues in November. Numerous buyers, designers and product managers from European ready-to-wear manufacturers are expected in Munich the week after next, looking for new material innovations and trends at VIEW and the parallel ISPO.

International exhibitor portfolio with many new names
Material influences from Europe to Asia bring a highly exciting mix for the trend research of the new collections. Exhibitors from Bulgaria, China, Denmark, Germany, France, Great Britain, Greece, Hong Kong, Italy, Japan, Korea, Spain and Turkey are among the participants.

The newcomers and returnees include, in addition to others:
AGNSTR / ALA CAMPOLMI / BAIRD MC NUTT / BELL & THUNDER / CB STILE / COLORA / EKOTEN / FABRIC LAB / GUARISCO / JECA LIMITED / KING BUTTON / LANIFICIO CAVERNI / LIMONATA EAST / M.T.T. MANIFATTURA / MANTERO / MILIOR / MTP PIEROZZI / PADROCASAS / PIZVAL / RIBBONTEX / SITIP / TEKSTINA SINCE 1828 / TEXMODA / VIVOLO und WAY.

More information:
VIEW Premium Selection F/S 2024
Source:

munichfabricstart

comfortemp® nature Lyocell HO 60x Bild Freudenberg
comfortemp® nature Lyocell HO 60x
16.11.2022

Freudenberg presents sustainable product innovations at ISPO 2022

Freudenberg Performance Materials Apparel (Freudenberg) as a leading specialist in woven, knitted and non-woven interlinings and thermal insulation, presents sustainable solutions for sportswear and related product segments of all kinds in Munich.

Trade show visitors will experience a wide range of innovative and sustainable interlinings for active sports outfits, stretch interlinings for yoga wear, Pilates & Co, and thermal insulations that combine perfect outdoor wearing comfort with high warmth retention. With comfortemp® brand thermal insulations and the Active Range, Freudenberg presents a complete package for outdoor and sportswear for winter sports: thermal insulations, interlinings, tapes, lining fabrics and adhesive solutions.

Freudenberg Performance Materials Apparel (Freudenberg) as a leading specialist in woven, knitted and non-woven interlinings and thermal insulation, presents sustainable solutions for sportswear and related product segments of all kinds in Munich.

Trade show visitors will experience a wide range of innovative and sustainable interlinings for active sports outfits, stretch interlinings for yoga wear, Pilates & Co, and thermal insulations that combine perfect outdoor wearing comfort with high warmth retention. With comfortemp® brand thermal insulations and the Active Range, Freudenberg presents a complete package for outdoor and sportswear for winter sports: thermal insulations, interlinings, tapes, lining fabrics and adhesive solutions.

The independent jury has nominated the 100 percent biodegradable thermal insulation comfortemp® nature Lyocell HO 60x, made from Lyocell regenerated fibers, for the Textrends Award fall/winter 2024/25 season. The award is given exclusively to innovative products that are groundbreaking for the development of the textile industry. comfortemp® nature Lyocell HO 60x has a variety of extraordinary performance characteristics as a high warmth retention, bacteria inhibiting and fast drying, furthermore water repellent. High wearing comfort and the assurance of a perfect moisture balance characterize the volume fleece as ideal for the application in sportswear.

Freudenberg is presenting its entire European and global product portfolio from its "House of Sustainability" at ISPO. The "House of Sustainability" supports Freudenberg in minimizing its ecological footprint and maximizing its ecological handprint. For this purpose, the company's own manufacturing processes are designed to minimize the impact on the environment. In addition, products are developed to help customers produce more sustainably.

Source:

Freudenberg Performance Materials Holding SE & Co. KG

10.11.2022

adidas with robust growth in the third quarter

  • Currency-neutral sales up 4%, reflecting continued double-digit growth outside Greater China
  • Gross margin down 1.0pp to 49.1% as price increases were more than offset by increased supply chain costs, higher discounting, and an unfavorable market mix
  • Operating profit of € 564 million reflecting an operating margin of 8.8%
  • Net income from continuing operations of € 66 million negatively impacted by several one-off costs totaling almost € 300 million as well as extraordinary tax effects in Q3

“The market environment shifted at the beginning of September as consumer demand in Western markets slowed and traffic trends in Greater China further deteriorated. As a result, we saw a significant inventory buildup across the industry, leading to higher promotional activity during the remainder of the year which will increasingly weigh on our earnings,” said adidas CFO Harm Ohlmeyer. “We are encouraged by the enthusiasm for the upcoming FIFA World Cup which is already noticeable in our Football revenue growth. And in North America we are gearing up for an exciting upcoming basketball launch.”

  • Currency-neutral sales up 4%, reflecting continued double-digit growth outside Greater China
  • Gross margin down 1.0pp to 49.1% as price increases were more than offset by increased supply chain costs, higher discounting, and an unfavorable market mix
  • Operating profit of € 564 million reflecting an operating margin of 8.8%
  • Net income from continuing operations of € 66 million negatively impacted by several one-off costs totaling almost € 300 million as well as extraordinary tax effects in Q3

“The market environment shifted at the beginning of September as consumer demand in Western markets slowed and traffic trends in Greater China further deteriorated. As a result, we saw a significant inventory buildup across the industry, leading to higher promotional activity during the remainder of the year which will increasingly weigh on our earnings,” said adidas CFO Harm Ohlmeyer. “We are encouraged by the enthusiasm for the upcoming FIFA World Cup which is already noticeable in our Football revenue growth. And in North America we are gearing up for an exciting upcoming basketball launch.”

In the third quarter, adidas’ currency-neutral revenues increased 4%. While the company experienced high-single-digit top-line growth during the first two months of the period, deteriorating traffic trends in Greater China as well as slowing consumer demand in major Western markets weighed on the revenue development in September. In addition, the company’s decision to suspend its own operations in Russia at the end of Q1 significantly reduced revenues by more than € 100 million during the third quarter, particularly impacting the company’s direct-to-consumer (DTC) business. In euro terms, the company’s revenues grew 11% to € 6.408 billion in the third quarter (2021: € 5.752 billion).

From a category perspective, revenue growth was the highest in adidas’ strategic growth categories Football and Running, both growing at strong double-digit rates. In Football, the jersey launches ahead of the FIFA World Cup 2022 fueled consumer excitement prior to the tournament. Revenues in Running were driven by the latest iterations of adidas’ successful running franchises, including Adizero and Supernova, which both grew more than 50% during the quarter. On the Lifestyle side, the further scaling of the successful Forum and Ozweego franchises led to strong double-digit growth for both product families. At the same time, additional highly limited drops as part of the Gucci and Balenciaga partnerships continued to spark excitement around the adidas brand.   

From a regional perspective, revenue growth was driven by the company’s Western markets and APAC, which combined continued to grow at a double-digit rate (+12%). In EMEA, revenues grew 7% despite the loss of revenue in Russia/CIS of more than € 100 million. Revenues in North America increased 8% during the quarter driven by a double-digit increase in the company’s DTC channel. In APAC and Latin America, revenue growth accelerated compared to Q2, reaching 15% and 51% respectively, year-on-year. In contrast, the company’s top-line development in Greater China continues to be severely impacted by the challenging market environment, mainly related to the ongoing covid-19-related restrictions. While the company’s own retail revenues in Greater China increased 7% in the third quarter reflecting a robust sell-out, the significant product takebacks reduced the company’s sell-in and resulted in a revenue decline of 27% for the market as a whole during the three-month period.  

Strong bottom-line improvement in 2023  
In 2023, the company expects the non-recurrence of the one-off costs of around € 500 million occurred in 2022 to have a positive impact on the net income development in the same magnitude. In addition, in light of the challenging market environment, adidas established a business improvement program to safeguard the company’s profitability in 2023. As part of this program the company has launched several initiatives to mitigate the significant cost increases resulting from the inflationary pressure across the company’s value chain as well as unfavorable currency movements. In total, the program, which will result in one-off costs of around € 50 million in the fourth quarter of 2022, is expected to compensate cost headwinds of up to € 500 million in 2023. In addition, it is expected to deliver a positive profit contribution of around € 200 million next year. 

More information:
adidas outlook
Source:

adidas AG

20.10.2022

adidas reports preliminary Q3 results and reduces its full year guidance

adidas announces preliminary results for the third quarter and adjusted its full year 2022 guidance. The company’s new outlook takes into account a further deterioration of traffic trends in Greater China as well as a significant inventory build-up as a result of lower consumer demand in major Western markets since the beginning of September, which is expected to lead to higher promotional activity during the remainder of the year. The new outlook also reflects several one-off costs impacting the company’s bottom-line results in both the third and fourth quarter of the year.

adidas announces preliminary results for the third quarter and adjusted its full year 2022 guidance. The company’s new outlook takes into account a further deterioration of traffic trends in Greater China as well as a significant inventory build-up as a result of lower consumer demand in major Western markets since the beginning of September, which is expected to lead to higher promotional activity during the remainder of the year. The new outlook also reflects several one-off costs impacting the company’s bottom-line results in both the third and fourth quarter of the year.

Based on preliminary numbers, adidas’ currency-neutral revenues grew 4% during the third quarter. Currency-neutral sales in Greater China declined at a strong double-digit rate reflecting the continued widespread covid-19-related restrictions as well as significant inventory takebacks. Excluding Greater China, currency-neutral revenues in the company’s other markets combined continued to grow at a double-digit rate during the quarter. In euro terms, the company’s sales increased 11% to € 6.408 billion in Q3. The gross margin declined 1.0 percentage points to a level of 49.1% and operating margin reached 8.8% during the third quarter (2021: 11.7%). Net income from continuing operations was € 179 million in Q3 (2021: € 479 million). The bottom-line development during the quarter reflects several one-off costs totaling almost € 300 million on the net income level. The majority of these expenses reflect the company’s decision to initiate the wind-down of its business operations in Russia. In addition, non-recurring costs related to accelerated cash pooling in high inflationary countries, a recently settled legal dispute as well as higher provisions for customs-related risks also had an adverse effect on the company’s gross profit, operating overheads as well as financial and tax expenses in the quarter.

As a result of the deteriorating traffic trend in Greater China, higher clearance activity to reduce elevated inventory levels (up 63% on a currency-neutral basis at the end of Q3) as well as total one-off costs of around € 500 million on the net income level in 2022, the company reduced its full year guidance. adidas now expects currency-neutral revenues for the total company to grow at a mid-single-digit rate in 2022 (previously: mid- to high-single-digit rate), reflecting double-digit revenue growth during the fourth quarter. This growth will be driven by adidas’ strong product pipeline, support from the FIFA World Cup 2022 as well as easier prior year comparables. The company’s gross margin is now expected to be around 47.5% in 2022 (previously: around 49.0%). Consequently, the company’s operating margin is now forecasted to be around 4.0% in 2022 (previously: around 7.0%). Net income from continuing operations is expected to reach a level of around € 500 million (previously: around € 1.3 billion).

In 2023, the company expects the non-recurrence of the one-off costs of around € 500 million occurred in 2022 to have a positive impact on the net income development in the same order of magnitude. In addition, in light of the challenging market environment adidas established a business improvement program to safeguard the company’s profitability in 2023. As part of this program the company has launched several initiatives aimed at mitigating the significant cost increases resulting from the inflationary pressure across the company’s value chain as well as unfavorable currency movements. In total, the program, which will result in one-off costs of around € 50 million in the fourth quarter of 2022, is expected to compensate cost headwinds of up to € 500 million in 2023. In addition, it is expected to deliver a positive profit contribution of around € 200 million next year.

More information:
adidas guidance Covid-19
Source:

adidas AG

07.10.2022

AkzoNobel: Q3 update following high macro-economic uncertainty

AkzoNobel provides a Q3 update as high macro-economic uncertainty - especially in Europe and China - led to near historical low consumer confidence. In anticipation, customers and channel partners in the paints and coatings industry are proactively destocking in these regions.
 
The Q3 adjusted operating income is now expected to be in the range of €195 million to €215 million (2021: €241 million), excluding a retroactive impact from hyperinflation accounting regarding Türkiye.
 
Current demand trends are expected to continue in Q4, whilst benefits will come from the company’s own initiatives to reduce costs, improve working capital and ongoing pricing initiatives. While Q3 will see the highest raw material cost impact since the inflation cycle started early 2021, pricing will continue to offset raw material and freight inflation. Overall raw material supply is normalizing and raw material prices are starting to soften broadly.
 
Financial results for Q3 of 2022 will be announced on October 20.

AkzoNobel provides a Q3 update as high macro-economic uncertainty - especially in Europe and China - led to near historical low consumer confidence. In anticipation, customers and channel partners in the paints and coatings industry are proactively destocking in these regions.
 
The Q3 adjusted operating income is now expected to be in the range of €195 million to €215 million (2021: €241 million), excluding a retroactive impact from hyperinflation accounting regarding Türkiye.
 
Current demand trends are expected to continue in Q4, whilst benefits will come from the company’s own initiatives to reduce costs, improve working capital and ongoing pricing initiatives. While Q3 will see the highest raw material cost impact since the inflation cycle started early 2021, pricing will continue to offset raw material and freight inflation. Overall raw material supply is normalizing and raw material prices are starting to soften broadly.
 
Financial results for Q3 of 2022 will be announced on October 20.

Source:

AkzoNobel

(c) Mimaki Europe B.V.
07.10.2022

Mimaki announces Third Virtual Global Innovation Days Event

Mimaki announce their third Global Innovation Days (19th – 21st October 2022). This collaborative virtual experience unites Mimaki’s regional offices to discuss trends across the different markets and the American, Asian, and European regions operated in by Mimaki, through a series of live and pre-recorded demonstrations, webinars, and round-table discussions. The programme of events will be led by experts from Mimaki Europe, Japan, USA and Australia.

With a focus on addressing the queries and requirements across the many facets of the print industry, the event will see collaborations with the likes of FESPA, from whom spokespeople will be attending to discuss the latest trends and innovations identified at FESPA this year, as well as a look ahead to next year’s event and what people can expect to see.

Mimaki announce their third Global Innovation Days (19th – 21st October 2022). This collaborative virtual experience unites Mimaki’s regional offices to discuss trends across the different markets and the American, Asian, and European regions operated in by Mimaki, through a series of live and pre-recorded demonstrations, webinars, and round-table discussions. The programme of events will be led by experts from Mimaki Europe, Japan, USA and Australia.

With a focus on addressing the queries and requirements across the many facets of the print industry, the event will see collaborations with the likes of FESPA, from whom spokespeople will be attending to discuss the latest trends and innovations identified at FESPA this year, as well as a look ahead to next year’s event and what people can expect to see.

Attendees will also have the opportunity to further explore the latest additions to Mimaki’s product portfolio, with demonstrations of the technologies and the applications that they are able to create coming live from the Mimaki showroom in Amsterdam. The 330 series, including the JV330-160, CJV330-160 and TS330-1600, will be showcased, as well as the full-colour capabilities of the 3DUJ-2207 3D printer, and Mimaki’s latest flatbed printer, the JFX600-2513, which boasts speeds thrice superior to that of its predecessor. Another highlight of the event will be a discussion held with leading print media and software vendors, to examine the current market trends from outside of the manufacturing perspective.

Source:

Mimaki Europe B.V.