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10.03.2023

Indorama Ventures: FY22 financial performance

Indorama Ventures Public Company Limited (IVL) reported a record FY22 financial performance from the company’s global manufacturing footprint serving end-consumers’ resilient need for daily necessities. The unusually high level of customer destocking that weighed on the fourth quarter result is expected to have leveled out and business should return to normal operating conditions, with China’s reopening to further spur demand.

Indorama Ventures Public Company Limited (IVL) reported a record FY22 financial performance from the company’s global manufacturing footprint serving end-consumers’ resilient need for daily necessities. The unusually high level of customer destocking that weighed on the fourth quarter result is expected to have leveled out and business should return to normal operating conditions, with China’s reopening to further spur demand.

Full-year Core EBITDA climbed 31% YoY to $2.3 billion as revenue rose 28% to a record $18.8 billion. The company recorded strong cash flows of $2.2 billion, up 111% YoY. Indorama Ventures’ geographically diversified, integrated platform, backed by management’s agility, withstood unprecedented global events to generate earnings through the business cycle. During the year, the company continued to focus on its growth plan, successfully integrating its strategic surfactants business in Latin America and Vietnamese packaging acquisition. A dedicated senior team is working tirelessly and is committed to the company’s ‘Vision 2030’ sustainability goals including recycling technologies and introducing biomass feedstock to the company’s product portfolio. The ongoing ‘Project Olympus’ cost transformation program delivered an annual run rate of $449 million in efficiencies.

The annual result was impacted by an unusually challenging final quarter as fears of a recession and reduced transit times led to widespread destocking by customers. 4Q22 Core EBITDA declined 43% YoY to $264 million on a 1% drop in revenue to $3.9 billion. The pandemic lockdown in China also continued into the final quarter, reducing factory demand across Indorama Ventures’ portfolio and resulting in narrower margins from lower prices and higher costs. Higher energy and utility costs impacted European operations as the war in Ukraine continued into the winter.

To improve competitiveness and build resilience, Indorama Ventures rationalized underperforming assets in the Fibers business in Europe and a PTA site in Asia, resulting in a $7 million cash impairment in 4Q22 and a $253 million non-cash impact. As a result, the company looks forward to a $38 million uplift in EBITDA in 2023, reaching up to $65 million by 2025.

Source:

Indorama Ventures Public Company Limited

10.03.2023

ANDRITZ: Record figures for 2022

echnology Group ANDRITZ achieved in 2022 the best figures in its history for order intake, revenue, and operating result ( EBITA). ANDRITZ started the new business year with a record order backlog of around ten billion EUR. Together with strict cost and project management and the successful turnaround in the Metals business area with the German Schuler Group, that order backlog will form the basis for further growth and profitability increases in 2023. Subject to the approval by the Annual General Meeting, shareholders will benefit from the excellent business development with a significant dividend increase to 2.10 EUR (previous year: 1.65 EUR) per share.

The results of the business year 2022 in detail:

echnology Group ANDRITZ achieved in 2022 the best figures in its history for order intake, revenue, and operating result ( EBITA). ANDRITZ started the new business year with a record order backlog of around ten billion EUR. Together with strict cost and project management and the successful turnaround in the Metals business area with the German Schuler Group, that order backlog will form the basis for further growth and profitability increases in 2023. Subject to the approval by the Annual General Meeting, shareholders will benefit from the excellent business development with a significant dividend increase to 2.10 EUR (previous year: 1.65 EUR) per share.

The results of the business year 2022 in detail:

  • The order intake of 9,263.4 MEUR reached a record level and was thus significantly higher than the figure for the previous year (+17.6% compared to 2021: 7,879.7 MEUR). All four business areas contributed to the increase.
  • The order backlog as of the end of 2022 amounted to 9,976.5 MEUR and was thus significantly higher than the value for the previous year (+22.2% compared to 2021: 8,165.8 MEUR).
  • The revenue saw very favorable development during the 2022 business year and reached a new record level of 7,542.9 MEUR (+16.7% compared to 2021: 6,463.0 MEUR). All four business areas contributed to the increase in revenue.
  • The operating result (EBITA) increased slightly more than revenue and reached 648.5 MEUR, also a record level (+18.7% compared to 2021: 546.5 MEUR). All four business areas contributed to the increase in earnings. Profitability (EBITA margin) increased to 8.6% (2021: 8.5%).
  • The net income (including non-controlling interests) increased significantly compared to the previous year, amounting to 402.6 MEUR (+25.1% compared to 2021: 321.7 MEUR)

ANDRITZ expects to continue its profitable course of growth in the business year 2023 and anticipates an increase in both revenue and earnings compared to 2022.

More information:
Andritz financial year 2022
Source:

ANDRITZ AG

10.03.2023

Lenzing Group: Difficult market environment and strategic success in 2022

  • Revenue rose to EUR 2.57 bn, while EBITDA declined to EUR 241.9 mn
  • Implementation of EUR 70 mn cost reduction program proceeding according to plan
  • Largest investment program in the company’s history including the lyocell plant in Thailand and the pulp mill in Brazil implemented on time and within budget
  • Outlook: Lenzing expects EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn

The Lenzing Group was increasingly affected by extreme developments on the global energy and raw material markets in the 2022 financial year, in tandem with most of manufacturing industry in Europe. The market environment also deteriorated significantly in the third and fourth quarters, while worsening consumer sentiment placed an additional burden on Lenzing’s business growth.

  • Revenue rose to EUR 2.57 bn, while EBITDA declined to EUR 241.9 mn
  • Implementation of EUR 70 mn cost reduction program proceeding according to plan
  • Largest investment program in the company’s history including the lyocell plant in Thailand and the pulp mill in Brazil implemented on time and within budget
  • Outlook: Lenzing expects EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn

The Lenzing Group was increasingly affected by extreme developments on the global energy and raw material markets in the 2022 financial year, in tandem with most of manufacturing industry in Europe. The market environment also deteriorated significantly in the third and fourth quarters, while worsening consumer sentiment placed an additional burden on Lenzing’s business growth.

In the year under review, revenue increased by 16.9 percent year-on-year to reach EUR 2.57 bn, primarily as a result of higher fiber prices. The quantity of fiber sold decreased, while the quantity of pulp sold rose. In addition to lower demand, the earnings trend particularly reflects the increase in energy and raw material costs. Earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 33.3 percent year-on-year to EUR 241.9 mn in 2022. The net result for the year was minus EUR 37.2 mn (compared with EUR 127.7 mn in the 2021 financial year), while earnings per share stood at minus EUR 2.75 (compared with EUR 4.16 in the 2021 financial year).

Outlook
The war in Ukraine and the tighter monetary policy pursued by many central banks to combat inflation will continue to exert pressure on the global economy. The easing of China’s zero-Covid policy could lead to an unexpectedly rapid recovery. However, the IMF has warned that risks remain high overall and projects growth of 2.9 percent in 2023. Exchange rate volatility looks set to continue in regions that are important to Lenzing.

These challenging market conditions are also continuing to weigh on consumer confidence and sentiment in the sectors relevant to Lenzing. The outlook has improved slightly of late, with inventory levels returning to normal across the value chain. Nonetheless, subdued demand remains a source of concern for market players.

Inventories in the bellwether cotton market have diminished recently, although they remain above pre-pandemic levels. A decline in crops is foreseeable in the current 2022/2023 harvest season. The sharp rise in prices on the energy and raw material markets will continue to pose significant challenges for the market.

Overall, earnings visibility remains restricted.

In structural terms, Lenzing expects a continued rise in demand for environmentally friendly fibers in the textile and clothing industry, as well as in the hygiene and medical sectors. Thus, with its “Better Growth” strategy, Lenzing is very well positioned and will continue to drive growth in specialty products, while pursuing its sustainability targets including the transformation from a linear to a circular economy model.

In light of these factors and assuming a further market recovery in the current financial year, the Lenzing Group expects EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn.

Source:

Lenzing AG

08.03.2023

Carbios joins Ellen MacArthur Foundation

Carbios announces its membership of the Ellen MacArthur Foundation’s Network. Carbios shares the Foundation’s commitment to accelerate the transition to a circular economy, especially in the areas of plastics and fashion. By joining the Ellen MacArthur Foundation’s Network, Carbios will connect with other leaders within the Foundation’s leading circular economy network of businesses, policymakers, academia, innovators, and thought leaders worldwide.

Carbios fully adheres to Ellen MacArthur Foundation’s vision for a circular economy for plastic. Its biorecycling and biodegradation technologies already match the actions defined by the Foundation:

Carbios announces its membership of the Ellen MacArthur Foundation’s Network. Carbios shares the Foundation’s commitment to accelerate the transition to a circular economy, especially in the areas of plastics and fashion. By joining the Ellen MacArthur Foundation’s Network, Carbios will connect with other leaders within the Foundation’s leading circular economy network of businesses, policymakers, academia, innovators, and thought leaders worldwide.

Carbios fully adheres to Ellen MacArthur Foundation’s vision for a circular economy for plastic. Its biorecycling and biodegradation technologies already match the actions defined by the Foundation:

  • Eliminate all problematic and unnecessary plastic items
  • Innovate to ensure that the plastics we do need are reusable, recyclable, or compostable
  • Circulate all the plastic items we use to keep them in the economy and out of the environment

Through ambitious collaborative projects, plastics and fashion are two topic areas for the Foundation and are also at the heart of Carbios’ activities. Providing actionable solutions to support brands’ ambitious commitments for sustainable packaging and textile industries, Carbios has founded two consortiums: one in the packaging industry established with L’Oréal in 2019, which has since been joined by Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe; another created in 2022 in the textile industry with apparel and fashion brands On, Patagonia, PUMA, PVH Corp. and Salomon. Together, the consortium members develop solutions promoting the recyclability and circularity of their products.

Joining the Ellen MacArthur Foundation’s Network takes Carbios’ circular economy actions one step further. Carbios recently underscored its commitment to circularity and environmental responsibilities by publishing its first Sustainability Report at the end of 2022[1]. In 2019, Carbios’ biorecycling and biodegradable solutions were among the first innovations to be labelled “Efficient Solution” by the Solar Impulse Foundation[2].

[1] Cf. press release dated 15 December 2022
[2] The Solar Impulse Foundation has identified over a thousand clean and profitable solutions that are economically viable and can be implemented on a large scale.

Source:

Carbios

02.03.2023

Recycling Atelier Augsburg and Kelheim Fibres cooperate

Kelheim Fibres, a leading manufacturer of viscose speciality fibres, has joined Recycling Atelier Augsburg. Recycling Atelier Augsburg is a unique centre for research and development in the field of textile recycling. It is located at the Institut für Textiltechnik Augsburg an affiliated institute of Augsburg University of Applied Sciences. The two institutions founded the Recycling Atelier in June 2022 together with twelve partners from the German textile industry.

In the Recycling Atelier, the focus is on the triad of technical and ecological sense as well as economic benefit. In this way, the partners of the Recycling Atelier are standing up against fast fashion, outsourced corporate responsibility and a general decline in raw material quality, which often fuels downcycling - the low-quality reuse - of materials.

Kelheim Fibres, a leading manufacturer of viscose speciality fibres, has joined Recycling Atelier Augsburg. Recycling Atelier Augsburg is a unique centre for research and development in the field of textile recycling. It is located at the Institut für Textiltechnik Augsburg an affiliated institute of Augsburg University of Applied Sciences. The two institutions founded the Recycling Atelier in June 2022 together with twelve partners from the German textile industry.

In the Recycling Atelier, the focus is on the triad of technical and ecological sense as well as economic benefit. In this way, the partners of the Recycling Atelier are standing up against fast fashion, outsourced corporate responsibility and a general decline in raw material quality, which often fuels downcycling - the low-quality reuse - of materials.

As a model factory, the Recycling Atelier Augsburg combines the most important processes of textile recycling and offers holistic and comprehensive research along the value chain," explains Georg Stegschuster, head of the Recycling Atelier Augsburg. The scientists research on all process steps of textile recycling: from material analysis to sorting, preparation and textile processing to sustainable product design. Comprehensive data collection and the use of artificial intelligence as well as innovative materials play a central role.

Kelheim Fibres is a producer of high-quality viscose fibres, which consist of cellulose, the main component of the renewable raw material wood, and are used worldwide for products in areas such as hygiene, textiles, and technical applications.

"In New Business Development as well as Fibre and Application Development, we follow the Open Innovation concept - the cooperation with the Recycling Atelier offers us an ideal platform for this. Here we work with partners to advance sustainability and performance," explains Maik Thiel, project manager at Kelheim Fibres.

Recycled cotton fibres are often very short or of uneven length, which makes further processing of 100 % recycled material a challenge. Adding speciality fibres from Kelheim Fibres should enable the production of high-quality new products, such as nonwovens. In the future, the fibres provided by Kelheim Fibres will also be made from recycled pulp.

Source:

Kelheim Fibres GmbH

Texaid
02.03.2023

New project “Transform Textile Waste into Feedstock”

Textile waste is a problem in Europe. Out of 7-7.5 million tonnes of textiles discarded every year, 30-35 % are collected separately – and of that quantity, 15-20 % are sorted by medium and larger sorting facilities within the EU. After sorting, 60 % still qualify as wearable clothes, however after a second or third collection-loop, all of the textiles become non-wearable sooner or later. Therefore, fibre-to-fibre recycling is becoming increasingly important to preserve the valuable resources.
 
The textile recycling value chain is not yet mature, but we are on the verge of a turning point, as different fibre-recycling technologies are deployed on a large scale. If successful, the textile recycling industry could reach a recycling rate of 18 to 26 percent of gross textile waste in 2030. This would create economic, social and environmental value that could total 3.5 to 4.5 billion euros in 2030.

Textile waste is a problem in Europe. Out of 7-7.5 million tonnes of textiles discarded every year, 30-35 % are collected separately – and of that quantity, 15-20 % are sorted by medium and larger sorting facilities within the EU. After sorting, 60 % still qualify as wearable clothes, however after a second or third collection-loop, all of the textiles become non-wearable sooner or later. Therefore, fibre-to-fibre recycling is becoming increasingly important to preserve the valuable resources.
 
The textile recycling value chain is not yet mature, but we are on the verge of a turning point, as different fibre-recycling technologies are deployed on a large scale. If successful, the textile recycling industry could reach a recycling rate of 18 to 26 percent of gross textile waste in 2030. This would create economic, social and environmental value that could total 3.5 to 4.5 billion euros in 2030.

Today, there is a sorting gap to achieve a circular economy for textiles in Europe. To feed this new circular value chain, a significant sorting-capacity increase is needed with 150 to 250 sorting and recycling facilities nearby, as the McKinsey-study “turning waste into value” assessed.

There is also a technology and capacity gap in sorting for reuse and recycling to ensure that high quality raw materials from non-wearable textile waste can be made available on a large scale. This is why the “Transform Textile Waste into Feedstock” project was initiated by TEXAID, within the ReHubs initiative together with well-known stakeholders of the textile value chain.

The major outcome of this project will be a sorting-factory blueprint fulfilling the requirements to the future needs of fibre-to-fibre recycling, enabling the future of more sustainable textiles by using recycled fibres. TEXAID, who is leading the project, is committed to build and operate scalable sorting facilities across Europe, the first with a capacity of 50,000 tonnes by the end of 2024.

Companies like Concordia, CuRe Technology, Decathlon, Inditex, Indorama Ventures, L’Atelier des Matières, Lenzing, Marchi & Fildi, PurFi, Södra, Worn Again and others are taking part in the project to jointly evaluate technologies and the business case for scaled sorting for reuse and recycling. ITA Academy GmbH (in cooperation with RWTH Aachen) together with CETIA has been commissioned for the assessment of technologies. The outcome will be an innovative sorting system 4.0, building on cross-functional technologies with digitalization and automation are at the heart.

02.03.2023

VDMA: Way2ITMA

100 days before ITMA 2023 in Milan, VDMA Textile Machinery launched its “Way2ITMA” webinar series. “Transforming the World of Textiles: efficient – digital – circular”. Under this heading, VDMA technology providers will present their solutions along the value chain.

Speakers of the virtual event were Dr. Janpeter Horn, Chairman of the VDMA Textile Machinery Association and Managing Director of August Herzog Maschinenfabrik, Dirk Vantyghem, Director General, EURATEX, Francis Elias Junker, Area Sales Manager, Andritz Laroche and Tanja Karila, Chief Marketing Officer, Infinited Fiber Company.

With regard to the EU strategy for sustainable and circular textiles, Dr. Horn said: “This topic concerns all of us, consumers and producers. We as machinery builders position ourselves as enablers. We want to be part of the solution of this ambitious project”.

100 days before ITMA 2023 in Milan, VDMA Textile Machinery launched its “Way2ITMA” webinar series. “Transforming the World of Textiles: efficient – digital – circular”. Under this heading, VDMA technology providers will present their solutions along the value chain.

Speakers of the virtual event were Dr. Janpeter Horn, Chairman of the VDMA Textile Machinery Association and Managing Director of August Herzog Maschinenfabrik, Dirk Vantyghem, Director General, EURATEX, Francis Elias Junker, Area Sales Manager, Andritz Laroche and Tanja Karila, Chief Marketing Officer, Infinited Fiber Company.

With regard to the EU strategy for sustainable and circular textiles, Dr. Horn said: “This topic concerns all of us, consumers and producers. We as machinery builders position ourselves as enablers. We want to be part of the solution of this ambitious project”.

Dirk Vantyghem introduced the core issues of the EU textile strategy launched in 2022, which is the most ambitious plan ever, to push the textile sector towards sustainability and transparency, and promote a new circular business model. If wrongly designed, that new framework may collapse the European textile value chain. But if done rightly, the changes ahead could bring a paradigm shift in the sector, where competitiveness is no longer based on price only, but also on sustainability and innovation, explained Vantyghem.

Francis Elias Junker showed high level of expertise for mechanical textile recycling for both spinning and nonwovens industries that Andritz has. The company has a diversity of solutions to offer and several cooperation partners, covering the value chain from recovery of fiber to the chemical modification and preparation for the production of yarn.

Tanja Karila gave an overview of how Infinited Fiber is turning textile waste into new fibers. Patented technology turns post-consumer textile waste into brand new premium quality fibers for the textile industry. The textile-to-textile recycling technology captures the value in waste that would otherwise be landfilled or burned.

More information:
ITMA 2023 Sustainability Webinar
Source:

VDMA e. V.
Textile Machinery

24.02.2023

Kelheim Fibres und SUMO: Absorbent pads for washable diapers

Kelheim Fibres and SUMO are presenting their high-performance absorbent pads for the reusable Sumo diaper at this year's Cellulose Fibres Conference. The Sumo diaper is a sustainable and washable cloth diaper made entirely from biobased materials, offering high performance and innovative design.

The Sumo diaper offers a reusable alternative, consisting of a waterproof shell and absorbent pads. To enhance the performance of the pads, Sumo collaborated with Kelheim Fibres, a leading viscose specialty fibre manufacturer with decades of experience in the hygiene sector.

Together with the Saxon Textile Research Institute STFI, Sumo and Kelheim Fibres have developed a high-performance absorbent pad that is free of fossil-based materials and has already been awarded the Techtextil Innovation Award. The basis for the innovative construction are Kelheim's functionalized specialty viscose fibres with modified cross-sections, which ensure particularly high absorbency and extremely low rewet values.

Kelheim Fibres and SUMO are presenting their high-performance absorbent pads for the reusable Sumo diaper at this year's Cellulose Fibres Conference. The Sumo diaper is a sustainable and washable cloth diaper made entirely from biobased materials, offering high performance and innovative design.

The Sumo diaper offers a reusable alternative, consisting of a waterproof shell and absorbent pads. To enhance the performance of the pads, Sumo collaborated with Kelheim Fibres, a leading viscose specialty fibre manufacturer with decades of experience in the hygiene sector.

Together with the Saxon Textile Research Institute STFI, Sumo and Kelheim Fibres have developed a high-performance absorbent pad that is free of fossil-based materials and has already been awarded the Techtextil Innovation Award. The basis for the innovative construction are Kelheim's functionalized specialty viscose fibres with modified cross-sections, which ensure particularly high absorbency and extremely low rewet values.

To ensure the washability of the product, needle-punched/thermally bonded nonwovens were chosen, consisting of a mixture of specialty viscose and PLA bicomponent fibres. By combining nonwovens, typically used in single-use applications, with reusable products, the partners have chosen a new approach.

Natalie Wunder, project manager at Kelheim Fibres, and Luisa Kahlfeldt, founder and designer of SUMO, explain in their joint presentation at the Cellulose Fibre Conference how open innovation has led to successful development collaboration, how this response to current consumer needs has emerged, and what steps are planned for the future.

Source:

Kelheim Fibres GmbH

23.02.2023

New online tool maps PFAS hotspots in businesses ahead of EU ban

The EU's plans to ban PFAS (per- and polyfluoroalkyl substances) chemicals will have an immense impact on companies globally. Perhaps even more than expected, as many manufacturers are unaware that they may have PFAS chemicals in their product line. A new online tool, launched today by NGO ChemSec, will help to solve this problem.

Just a couple of weeks after the big PFAS restriction proposal in the EU was published, ChemSec launches the PFAS Guide, which helps companies investigate the use of persistent chemicals within their businesses. The main feature of the PFAS Guide is the searchable database uncovering different PFAS uses and functions. The online tool also provides guidance on different aspects of the phase-out process from regulation and investigation all the way to testing and supply chain communication.

The EU's plans to ban PFAS (per- and polyfluoroalkyl substances) chemicals will have an immense impact on companies globally. Perhaps even more than expected, as many manufacturers are unaware that they may have PFAS chemicals in their product line. A new online tool, launched today by NGO ChemSec, will help to solve this problem.

Just a couple of weeks after the big PFAS restriction proposal in the EU was published, ChemSec launches the PFAS Guide, which helps companies investigate the use of persistent chemicals within their businesses. The main feature of the PFAS Guide is the searchable database uncovering different PFAS uses and functions. The online tool also provides guidance on different aspects of the phase-out process from regulation and investigation all the way to testing and supply chain communication.

“We’ve been working to support companies in chemical substitution for a long time, and the last few years we’ve gathered a group of companies working specifically on the PFAS issue. The discussions with them made it clear to us that a main challenge is understanding if and where in your business you may have PFAS”, says Dr. Anna Lennquist, Project Leader for the PFAS Guide.

PFAS are a source of growing concern
It has been estimated that 95 percent of all manufactured goods rely on some form of industrial chemical process. A large share of the chemicals used in these processes have been linked to adverse impacts on human health and the environment. PFAS are a clear example of this problem. PFAS have been manufactured and used in products such as make-up, non-stick pans, water- and greaseproof textiles, food-packaging materials, and firefighting foam since the 1950s and are still used in a wide variety of products around the world today.

But they are also substances of growing concern due to their problematic properties. Per- and polyfluorinated alkyl substances (PFAS) are a group of several thousand man-made chemicals that accumulate in the environment and cause health impacts for generations. They are, for example, linked to cancer, lung disease, diabetes, reproductive abnormalities and learning difficulties. Since PFAS do not degrade, these “forever chemicals” are now so widespread that is safe to say that every single human being on the planet have detectable levels of these toxic chemicals in their blood.

A couple of weeks ago, a big proposal to restrict PFAS in the EU was published. The five EU Member States behind the proposal submitted a broad restriction proposal that clearly shows the need for the industry to put all resources into phasing out all PFAS substances.

More information:
PFAS ChemSec chemicals
Source:

ChemSec

(c) Hohenstein
fibres residues in wastewater
21.02.2023

New test method for textile microplastics

  • Standard assesses fibre release, biodegradation and ecotoxicity for the first time

Testing service provider Hohenstein has worked with the project partners Trigema, Freudenberg, DBL ITEX and Paradies to create a new standardized test method for detecting and classifying the environmental effects of textiles during washing. DIN SPEC 4872 combines analysis of fibre release, biodegradability and ecotoxicity. The test method according to DIN SPEC 4872 shows how many fibres are released during textile laundering, how well these fibres degrade in wastewater and how harmful the fibre residues are to the environment.

  • Standard assesses fibre release, biodegradation and ecotoxicity for the first time

Testing service provider Hohenstein has worked with the project partners Trigema, Freudenberg, DBL ITEX and Paradies to create a new standardized test method for detecting and classifying the environmental effects of textiles during washing. DIN SPEC 4872 combines analysis of fibre release, biodegradability and ecotoxicity. The test method according to DIN SPEC 4872 shows how many fibres are released during textile laundering, how well these fibres degrade in wastewater and how harmful the fibre residues are to the environment.

Studies have shown that washing textiles releases microfibres into the wash water, which cannot be sufficiently retained by wastewater treatment plants. Synthetic fibres pose the greatest risk to the environment because of their longevity and inability to biodegrade. However, Hohenstein project manager Juliane Alberts does not give the all-clear for biodegradable fibres and natural fibres: "Biodegradability alone does not mean that pure natural fibres, for example, are completely harmless to the environment. They, too, remain in ecosystems until they completely degrade and can also have a negative impact. In addition, additives, auxiliaries or finishes used in textile production can further slow the degradation process and leach into the environment."

The new standard enables textile producers and suppliers to test, evaluate and compare products for fibre release during washing and environmental impact. Juliane Alberts sees this systematic evaluation as an opportunity for the textile industry to take the initiative on environmental impact: "Our reliable data can be used as a basis for more targeted product development. This is a way to actively and consciously control further environmental pollution."

(c) Euratex
RegioGreenTex - Kickoff meeting
21.02.2023

New European initiative for SMEs: Transform textile waste into value

43 partners of the RegioGreenTex project met in Brussels to kick start a three-year project that should change the way we manage textile recycling.

Regions for Green Textiles – known as RegioGreenTex – is a quadruple-helix partnership initiative aiming at mapping and reducing the difficulties, which currently exist in the implementation of a circular economy model within the textile ecosystem across the EU.

RegioGreenTex will  support tangible solutions at SME level, where textile waste becomes a value. The project will contribute to maintain and develop jobs in the EU textile sector, reshoring the production in Europe and making the EU textile value chain more competitive and resilient. It will contribute to the EU Green Deal objectives of reducing carbon footprint, energy and water consumption.

More information:
Euratex SMEs textile waste EISMEA
Source:

Euratex

17.02.2023

FiloFlow & C.L.A.S.S: "Sustainability from A to Z" at Filo

FiloFlow and C.L.A.S.S. join forces and showcase the "Sustainability from A to Z" desk at the upcoming 59th edition of Filo.

Filo and C.L.A.S.S. have always shared the commitment to a tangible sustainability of products and processes of the textile industry. The Yarn Show realizes this through the FiloFlow project, while the international eco-hub founded by Giusy Bettoni demonstrates its commitment through services that support companies in their journey towards responsible innovation.

With this shared commitment, Filo and C.L.A.S.S. are making available to the companies that will join the 59th edition of the Yarn Show a new service dedicated to information and guidance in the field of sustainability.

Within the FiloFlow Area, C.L.A.S.S. will curate the "Sustainability from A to Z" desk, designed to provide companies with an orientation about sustainability matter in textiles: from certifications to environmental impact and end-of-life measurements, the importance of ethics and the energy savings; from responsible innovation to new generation communication.

The 59th edition of Filo takes place on February 22nd and 23rd, 2023 in Milan.

FiloFlow and C.L.A.S.S. join forces and showcase the "Sustainability from A to Z" desk at the upcoming 59th edition of Filo.

Filo and C.L.A.S.S. have always shared the commitment to a tangible sustainability of products and processes of the textile industry. The Yarn Show realizes this through the FiloFlow project, while the international eco-hub founded by Giusy Bettoni demonstrates its commitment through services that support companies in their journey towards responsible innovation.

With this shared commitment, Filo and C.L.A.S.S. are making available to the companies that will join the 59th edition of the Yarn Show a new service dedicated to information and guidance in the field of sustainability.

Within the FiloFlow Area, C.L.A.S.S. will curate the "Sustainability from A to Z" desk, designed to provide companies with an orientation about sustainability matter in textiles: from certifications to environmental impact and end-of-life measurements, the importance of ethics and the energy savings; from responsible innovation to new generation communication.

The 59th edition of Filo takes place on February 22nd and 23rd, 2023 in Milan.

Source:

C.L.A.S.S

(c) Archroma
16.02.2023

Archroma closing acquisition of Huntsman Textile Effects on 28 February 2023

Archroma, a manufacturer of sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings, announced that it has secured all regulatory approvals required to complete the acquisition of the Textile Effects business from Huntsman Corporation (“Huntsman Textile Effects”).

Both parties expect the transaction, which was first announced on 09 August 2022, to close on 28 February 2023.

Archroma is a portfolio company of US-based private investment firm SK Capital Partners. Since its formation in 2013, Archroma acquired and successfully integrated the global textile chemicals businesses of BASF as well as BASF’s stilbene-based OBA business for paper applications, and M. Dohmen, a specialist in coloration for automotive textiles.

Archroma, a manufacturer of sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings, announced that it has secured all regulatory approvals required to complete the acquisition of the Textile Effects business from Huntsman Corporation (“Huntsman Textile Effects”).

Both parties expect the transaction, which was first announced on 09 August 2022, to close on 28 February 2023.

Archroma is a portfolio company of US-based private investment firm SK Capital Partners. Since its formation in 2013, Archroma acquired and successfully integrated the global textile chemicals businesses of BASF as well as BASF’s stilbene-based OBA business for paper applications, and M. Dohmen, a specialist in coloration for automotive textiles.

Heike van de Kerkhof, Archroma Group Chief Executive Officer (CEO), commented: “We are very excited to see this acquisition nearing completion. I am deeply grateful to the project teams of Archroma and Huntsman who are preparing for a smooth transition for our employees and partners. After closing, we will be able to bring together our expert teams and highly complementary product portfolios to offer our customers and brand partners the high performance they expect, whilst respecting natural resources and the planet.”

Source:

Archroma

(c) Perstorp
15.02.2023

Perstorp: Reduction targets for water and waste

Sustainable solutions provider Perstorp has added new corporate sustainability targets, for water and waste, to its sustainability strategy. Its long-term sustainability ambition is to become Finite Material Neutral, which involves water and waste, along with raw materials, energy and catalysts. In 2021 the company set its first 2030 targets, for greenhouse gas emissions (using approved science-based targets) and (eco) toxic impact. Now Perstorp has added new sustainability targets that will address its long-term ambition.

These new 2030 corporate targets (all measured using 2019 as the base year) are:

Sustainable solutions provider Perstorp has added new corporate sustainability targets, for water and waste, to its sustainability strategy. Its long-term sustainability ambition is to become Finite Material Neutral, which involves water and waste, along with raw materials, energy and catalysts. In 2021 the company set its first 2030 targets, for greenhouse gas emissions (using approved science-based targets) and (eco) toxic impact. Now Perstorp has added new sustainability targets that will address its long-term ambition.

These new 2030 corporate targets (all measured using 2019 as the base year) are:

  • 30% absolute reduction of freshwater consumption
  • 30% absolute reduction of hazardous waste directed to disposal
  • 30% absolute reduction of non-hazardous waste directed to disposal

"Fresh water consumption and waste are two areas of big importance in reducing our environmental impact and working toward increased circularity," says Anna Berggren, Vice President Sustainability at Perstorp Group. "Fresh water scarcity is already a fact around the world, and we have a responsibility to reduce our consumption and utilize alternative water sources. We must also minimize waste generation and find new circular solutions of reusing and recycling the waste streams into new products, either ourselves or so that a third party can use them as raw material. We have set ambitious and absolute sustainability targets, that are to be achieved regardless of production growth. To be able to reach these targets we have several large projects planned that will contribute significantly."

All Perstorp production plants use water for multiple purposes, including, for example: for cooling, as a solvent for chemical reactions, as a carrier for products, and as a heat-transfer medium. One way to reduce fresh water consumption is to purify and recycle wastewater. Perstorp sees this as an important core technology and is planning to invest in wastewater recycling projects at several of its production sites.

A key to reducing waste directed to disposal is to develop circular solutions that use waste streams as raw materials for new products. One example is Project Air, in which captured carbon dioxide together with residue streams from Perstorp's production plant in Stenungsund, Sweden, will serve as raw material for production of sustainable methanol that will replace all the virgin fossil methanol used by Perstorp in Europe.

15.02.2023

Yanfeng recognized for global environmental leadership

Automotive supplier, Yanfeng has been awarded a second consecutive A−rating by Carbon Disclosure Project (CDP) for the group's global leadership in transparency and action on climate change in 2022. Nearly 15,000 companies were rated based on data which they submitted to the organization. Yanfeng also received an Environmental Leadership Award by CDP China

CDP is a non-profit organization which operates a global disclosure system to enable investors, companies, cities, states, and regions to manage their environmental impacts. Every year, several thousand companies worldwide are analyzed about their strategic approach to the challenges of climate change and their climate management activities are rated on the basis of a comprehensive list of criteria. CDP’s annual environmental disclosure and rating process is widely recognized as the gold standard for corporate environmental transparency.

Automotive supplier, Yanfeng has been awarded a second consecutive A−rating by Carbon Disclosure Project (CDP) for the group's global leadership in transparency and action on climate change in 2022. Nearly 15,000 companies were rated based on data which they submitted to the organization. Yanfeng also received an Environmental Leadership Award by CDP China

CDP is a non-profit organization which operates a global disclosure system to enable investors, companies, cities, states, and regions to manage their environmental impacts. Every year, several thousand companies worldwide are analyzed about their strategic approach to the challenges of climate change and their climate management activities are rated on the basis of a comprehensive list of criteria. CDP’s annual environmental disclosure and rating process is widely recognized as the gold standard for corporate environmental transparency.

Yanfeng improved its scores in value chain engagement and climate-related requirements for suppliers, as well as targets for increasing low-carbon energy consumption or production.
“As our company-wide target for carbon neutrality, we aim to achieve 100% of our total energy consumption from renewable energy sources by 2030,” said Gunnar Büchter, Vice President of Global Sustainability at Yanfeng. All European plants converted to renewable energy by the beginning of 2022, and other regions also increased their utilization of renewable energy sources. Significant progress has been made in China. By end of 2021 a total of 30% of energy came from renewable sources.

(c) Löffler
The EC300-S collarette cutter
10.02.2023

TMAS: Svegea installs Collarette Cutter at Löffler

Svegea of Sweden – a member of TMAS, the Swedish Textile Machinery Association – has recently installed an EC300-S collarette cutter for the high speed production of tubular apparel components as well as an FA350 automatic roll slitter at the plant of Löffler, in Ried im Innkreis, Austria.

The EC 300-S collarette cutter is equipped with the computer-controlled True-Drive II and high pre-feed device, which is used by garment manufacturers around the world for the production of tubular apparel components such as cuff and neck tapes and other seam reinforcements. It operates at speeds of up to 20,000 metres per hour. The integrated, fully automatic FA350 roll slitter FA500 roll slitter is equipped with three separately adjustable settings enabling three different band widths to be cut within the same cutting cycle. Automatic tube sewing units are provided for sewn tubes in optional rolled or flat folded forms, depending on customer preference.

Svegea of Sweden – a member of TMAS, the Swedish Textile Machinery Association – has recently installed an EC300-S collarette cutter for the high speed production of tubular apparel components as well as an FA350 automatic roll slitter at the plant of Löffler, in Ried im Innkreis, Austria.

The EC 300-S collarette cutter is equipped with the computer-controlled True-Drive II and high pre-feed device, which is used by garment manufacturers around the world for the production of tubular apparel components such as cuff and neck tapes and other seam reinforcements. It operates at speeds of up to 20,000 metres per hour. The integrated, fully automatic FA350 roll slitter FA500 roll slitter is equipped with three separately adjustable settings enabling three different band widths to be cut within the same cutting cycle. Automatic tube sewing units are provided for sewn tubes in optional rolled or flat folded forms, depending on customer preference.

Sports and knitwear specialist Löffler is celebrating its 50th anniversary in 2023. Its plant in Ried houses 25 circular knitting machines and three seamless knitting machines with an annual output of around 905,000 square metres of fabric, and in addition to product development, design, cutting and some sewing are all carried out in-house.

Löffler is known for its transtex under garments, which ushered in the two-layer principle of structures combining hydrophobic polypropylene and other fibres like cotton, Modal, Tencel or merino wool.

Before transtex, endurance athletes usually wore pure cotton underwear next to their skin, which became wet over time and cooled the body down. Löffler’s two-layer fabric prevented this, since the polypropylene does not absorb moisture and instead wicks it to the outside, where it can evaporate to keep the skin dry.

Innovation has been ongoing ever since, and in December, Löffler received an ISPO Award 2022 for transtex Retr’x – its latest functional underwear made from recycled polypropylene from textile waste and a combination of recycled and GOTS-certified organic cotton. Transtex Retr’x is neither dyed or bleached and is Standard 100 by Oeko-Tex as well as Made In Green by Oeko-Tex approved.

In addition to its own branded products, the plant makes sports garments for sister company Fischer, which is also based in Ried, and is at the same time involved in significant government tender projects, including the supply of polo shirts for the Austrian Red Cross and for the German and Austrian police forces. Combined, Löffler and Fischer employ approximately 700 people in the region of Upper Austria.

Source:

TMAS by AWOL Media

10.02.2023

adidas: Top- and bottom-line outlook for 2023

adidas published its financial guidance for 2023. While the company continues to review future options for the utilization of its Yeezy inventory, this guidance already accounts for the significant adverse impact from not selling the existing stock. This would lower revenues by around € 1.2 billion and operating profit by around € 500 million this year. Against this background, adidas expects currency-neutral sales to decline at a high-single-digit rate in 2023. The company’s underlying operating profit is projected to be around the break-even level.

Should the company irrevocably decide not to repurpose any of the existing Yeezy product going forward, this would result in the write-off of the existing Yeezy inventory and would lower the company’s operating profit by an additional € 500 million this year. In addition, adidas expects one-off costs of up to € 200 million in 2023. These costs are part of a strategic review the company is currently conducting aimed at reigniting profitable growth as of 2024.

If all these effects were to materialize, the company would expect to report an operating loss of € 700 million in 2023.

adidas published its financial guidance for 2023. While the company continues to review future options for the utilization of its Yeezy inventory, this guidance already accounts for the significant adverse impact from not selling the existing stock. This would lower revenues by around € 1.2 billion and operating profit by around € 500 million this year. Against this background, adidas expects currency-neutral sales to decline at a high-single-digit rate in 2023. The company’s underlying operating profit is projected to be around the break-even level.

Should the company irrevocably decide not to repurpose any of the existing Yeezy product going forward, this would result in the write-off of the existing Yeezy inventory and would lower the company’s operating profit by an additional € 500 million this year. In addition, adidas expects one-off costs of up to € 200 million in 2023. These costs are part of a strategic review the company is currently conducting aimed at reigniting profitable growth as of 2024.

If all these effects were to materialize, the company would expect to report an operating loss of € 700 million in 2023.

In 2022, based on preliminary unaudited numbers, adidas revenues increased 1% in currencyneutral terms. In reported terms, sales were up 6% to € 22,511 million during the 12-months period (2021: € 21,234 million). The company’s gross margin reached a level of 47.3% (2021: 50.7%) in 2022. adidas generated an operating profit of € 669 million last year (2021: € 1,986 million), reflecting an operating margin of 3.0% (2021: 9.4%). Net income from continuing operations was € 254 million in 2022 (2021: € 1,492 million).

Source:

adidas AG

(c) INDA
08.02.2023

INDA: Mark Snider as Chief Market and Industry Analyst

INDA, the Association of the Nonwoven Fabrics Industry, has named Mark Snider to the position of Chief Market and Industry Analyst. Snider brings more than 30 years of nonwovens & engineered materials expertise with a strong background in market and industry analysis at both the macroeconomic, industry and segment level.

Before starting his consulting firm sixteen years ago, he supported three divisions as Technical Marketing Manager for Nordson Corporation, and as European and Latin American Regional Manager for J&M Laboratories.

Snider’s industry knowledge, and extensive network combined with his research and analytical skills will provide decision-making data, reports, and presentation to INDA members and the industry.

Snider will expand upon INDA’s membership outreach and research initiated by MaryJo Lilly, INDA’s Market Intelligence Leader, to realize INDA’s new vision for industry intelligence. Lilly will continue to assess strategic market research initiatives and special projects.

INDA, the Association of the Nonwoven Fabrics Industry, has named Mark Snider to the position of Chief Market and Industry Analyst. Snider brings more than 30 years of nonwovens & engineered materials expertise with a strong background in market and industry analysis at both the macroeconomic, industry and segment level.

Before starting his consulting firm sixteen years ago, he supported three divisions as Technical Marketing Manager for Nordson Corporation, and as European and Latin American Regional Manager for J&M Laboratories.

Snider’s industry knowledge, and extensive network combined with his research and analytical skills will provide decision-making data, reports, and presentation to INDA members and the industry.

Snider will expand upon INDA’s membership outreach and research initiated by MaryJo Lilly, INDA’s Market Intelligence Leader, to realize INDA’s new vision for industry intelligence. Lilly will continue to assess strategic market research initiatives and special projects.

01.02.2023

Carbios appoints new Executive Committee Members

Carbios has strengthened its leadership team with the appointment of Martine Brisset as Senior Vice President from 1 January 2023. Martine will manage the Biodegradation Division and supervise the Human Resources, Legal, Regulatory, Project Management, Quality Health and Safety departments. Martine Brisset joins the Group’s Executive Committee, as does Delphine Denoizé, who remains Innovation Programs Funding, Regulation and LCA Director with an expanding team.

Carbios has strengthened its leadership team with the appointment of Martine Brisset as Senior Vice President from 1 January 2023. Martine will manage the Biodegradation Division and supervise the Human Resources, Legal, Regulatory, Project Management, Quality Health and Safety departments. Martine Brisset joins the Group’s Executive Committee, as does Delphine Denoizé, who remains Innovation Programs Funding, Regulation and LCA Director with an expanding team.

Martine Brisset has over 30 years of General Management experience in international groups within the plastic and paper packaging industry, most notably at Amcor, Huhtamaki, Linpac and Klockner Pentaplast.  Since 2021, she has held the position of General Manager of Carbiolice in order to integrate this high-potential subsidiary dedicated to biodegradation within the Carbios Group. In her new position as Senior Vice President of Carbios, her main mission will be to successfully deploy the biodegradation technology, facilitate the international expansion of Carbios’ activities, organise the recruitment and training of the Group’s employees. With numerous recruitments planned throughout the company in 2023, building Carbios’ attractivity will be a strategic topic.

After several years working in innovation within the agricultural industry, Delphine Denoizé joined the Carbios in 2016 and was one of its first twenty employees. Initially in charge of Innovation Funding and Regulation, then Project Management for PET biorecycling, she now oversees all the Group’s projects. Her responsibilities include French and European public funding for innovation, regulatory compliance of processes and products around the world, and assessment of their environmental impact through specific tools such as Life Cycle Assessment.

More information:
Carbios Recycling plastics
Source:

Carbios

20.01.2023

Third edition of the project "CirculART"

Art meets sustainable fashion in the third edition of the project "CirculART", the initiative that sees companies, artists and fashion designers working together with Cittadellarte - Fondazione Pistoletto, showing how new balanced forms of production, design and sharing can be explored through a careful choice of materials and of sustainable supply chains. Three key concepts underpin the circularity of sustainable fashion and therefore this project: Reduce - reducing the consumption of raw materials, Reuse - reuse of raw materials, Recycling - regeneration.

The project CirculART is conceived and developed in collaboration between Fashion B.E.S.T. and UNIDEE Residency Programs, and led by the Foundation's team of curators.

Art meets sustainable fashion in the third edition of the project "CirculART", the initiative that sees companies, artists and fashion designers working together with Cittadellarte - Fondazione Pistoletto, showing how new balanced forms of production, design and sharing can be explored through a careful choice of materials and of sustainable supply chains. Three key concepts underpin the circularity of sustainable fashion and therefore this project: Reduce - reducing the consumption of raw materials, Reuse - reuse of raw materials, Recycling - regeneration.

The project CirculART is conceived and developed in collaboration between Fashion B.E.S.T. and UNIDEE Residency Programs, and led by the Foundation's team of curators.

Fashion B.E.S.T. - Better Ethical Sustainable Think-Tank, Cittadellarte - Fondazione Pistoletto’ sustainable fashion office, was created by artist Michelangelo Pistoletto and Franca Sozzani. Since 2009, B.E.S.T. has been working on the development of sustainability in the textile sector, to lead to a contamination between art, which assumes social responsibility, and the world of fashion, which is looking to define a new ethical and sustainable model.

CirculART proposes a new link between fashion and art, engaging both in a conscious and innovative combination of sustainability, sensitivity, beauty and union. The project links territory and production factories, bringing together actors from the different sectors making up the textile supply chain that work on the basis of a circular economy with companies that have chosen to embrace the ideal of sustainability and develop an innovative business model.

The protagonists of this year’s edition are two international artists and two international fashion designers, selected through an open call launched by Cittadellarte: Augustina Bottoni, Lucia Chain, Huge Sillytoe and Rebecca Sforzani, young talents called upon to create a work with fabrics produced by partner companies, focusing on dialogue and on the enhancement of the textile industry production chain.

In early 2023, the programme will give the four selected artists the opportunity to visit and work actively with the partner companies that have joined the initiative.
These are: Achille Pinto S.p.a, manufacturer of textiles and textile accessories for the main international fashion brands; Albini Group, Europe's largest manufacturer of cotton fabrics for shirts; Erica Industria Tessile, a leading company in the creation of textile prints, original and customised designs; Filatura Astro, eco-sustainable regenerated yarns; G2B S.r.l., a chemical and environmental analysis laboratory working with vertical cultivation from which indigo is obtained; Lampo by Ditta Giovanni Lanfranchi S.p.A., leader in the creation and production of zips for fashion; Lanificio Fratelli Cerruti, a Biella-based weaver for haute couture; Lenzing, world leader in the production of fabrics made from fibres derived from renewable wood raw material; Milior, a producer of high quality fabrics; Officina +39 – Chemistry plus creativity, a chemical company with thirty years' experience dedicated to research and chemical application in textiles; Tessuti di Sondrio, a factory inspired by the century-old local textile tradition of processing cotton, linen, hemp and wool; Tintoria Emiliana, garment-dyed production and sustainable practices; Zegna Baruffa Lane Borgosesia, a manufacturer of 100% Made in Italy fine combed and carded yarns.

 

Source:

Officina +39 / Menabò Group srl