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Photo: Stora Enso
20.06.2022

Infinited Fiber Company: Commercial-scale factory to produce regenerated textile fiber

  • Finnish fashion and textile technology company Infinited Fiber Company plans to build its first commercial-scale Infinna™ fiber factory at Stora Enso’s Veitsiluoto industrial site in the city of Kemi in Finland’s northernmost region of Lapland. Infinited Fiber Company plans to convert a building currently housing a discontinued paper production line.
  • The size of Infinited Fiber Company’s planned investment is around EUR 400 million.
  • The planned factory is expected to create around 270 jobs at the Veitsiluoto industrial site.
  • The factory is expected to operate at full capacity in 2025.

Fashion and textile technology company Infinited Fiber Company plans to build a commercial-scale factory to produce regenerated textile fiber for the world’s leading apparel companies at the site of renewable materials company Stora Enso’s closed Veitsiluoto paper mill in Kemi, a Finnish city on the northern shore of the Baltic Sea. The size of the investment is estimated at EUR 400 million, and it is expected to create around 270 jobs in the area.

  • Finnish fashion and textile technology company Infinited Fiber Company plans to build its first commercial-scale Infinna™ fiber factory at Stora Enso’s Veitsiluoto industrial site in the city of Kemi in Finland’s northernmost region of Lapland. Infinited Fiber Company plans to convert a building currently housing a discontinued paper production line.
  • The size of Infinited Fiber Company’s planned investment is around EUR 400 million.
  • The planned factory is expected to create around 270 jobs at the Veitsiluoto industrial site.
  • The factory is expected to operate at full capacity in 2025.

Fashion and textile technology company Infinited Fiber Company plans to build a commercial-scale factory to produce regenerated textile fiber for the world’s leading apparel companies at the site of renewable materials company Stora Enso’s closed Veitsiluoto paper mill in Kemi, a Finnish city on the northern shore of the Baltic Sea. The size of the investment is estimated at EUR 400 million, and it is expected to create around 270 jobs in the area. The annual fiber production capacity of the planned factory is expected to be 30,000 metric tons, which is equivalent to the fiber needed for about 100 million T-shirts.  

Infinited Fiber Company’s technology enables cotton-rich textile waste to be transformed into a versatile, high-quality regenerated textile fiber called Infinna™, which looks and feels like cotton. Major international fashion and apparel companies – including Zara’s parent company Inditex, PVH Europe, which is known for the Tommy Hilfiger brand, Patagonia, PANGAIA, H&M Group and BESTSELLER – have already committed to Infinna™ purchases through multi-year agreements as they look for materials that enable the industry to shift towards circularity. Infinited Fiber Company expects to export most of the output of its planned factory. This makes Kemi an ideal location as the city’s port serves as an efficient link to the rest of the world.

Infinited Fiber Company will convert a building housing a discontinued paper production line into an Infinna™ fiber factory. Both the factory engineering and project implementation as well as the related financing negotiations were commenced at the beginning of the year and are progressing well. Infinited Fiber Company has also agreed on the provision of energy and water related services with utility infrastructure company Nevel.

Once up and running, the factory is expected to provide direct employment for around 220 people, and for a further 50 through on-site support functions such as services, maintenance, and logistics. The additional indirect employment impact is estimated to be around 800 jobs. The construction and installation phase is expected to create jobs equaling around 120 person-years. The factory is anticipated to operate at full capacity in 2025.

Source:

Infinited Fiber Company

14.04.2021

Resolutions adopted by the virtual Annual General Meeting of Lenzing AG

At the 77th Annual General Meeting of Lenzing AG, which was once again held virtually on April 14, 2021 via livestream due to the COVID-19 pandemic, the members of the Managing Board and Supervisory Board were formally discharged from liability for the business year 2020. KPMG Austria GmbH Wirtschaftsprüfungs- u. Steuerberatungsgesellschaft was appointed to serve as the auditor of the annual financial statements and consolidated annual financial statements for the business year 2021.

Furthermore, the Annual General Meeting adopted the resolution on the compensation to be paid to Supervisory Board members as well as the principles underlying the remuneration of the members of the Managing Board. In addition to financial performance criteria, the remuneration policy of Lenzing AG regulating the multi-year, performance-oriented remuneration paid to the Managing Board members will also be linked in the future to non-financial sustainability criteria (ESG) designed to further promote the sustainable business strategy of Lenzing AG.

At the 77th Annual General Meeting of Lenzing AG, which was once again held virtually on April 14, 2021 via livestream due to the COVID-19 pandemic, the members of the Managing Board and Supervisory Board were formally discharged from liability for the business year 2020. KPMG Austria GmbH Wirtschaftsprüfungs- u. Steuerberatungsgesellschaft was appointed to serve as the auditor of the annual financial statements and consolidated annual financial statements for the business year 2021.

Furthermore, the Annual General Meeting adopted the resolution on the compensation to be paid to Supervisory Board members as well as the principles underlying the remuneration of the members of the Managing Board. In addition to financial performance criteria, the remuneration policy of Lenzing AG regulating the multi-year, performance-oriented remuneration paid to the Managing Board members will also be linked in the future to non-financial sustainability criteria (ESG) designed to further promote the sustainable business strategy of Lenzing AG.

Fully on track strategically
The Managing Board of Lenzing AG presented the business development of the year 2020, a strategic outlook and sustainability strategy including the relevant roadmap to achieve climate targets to the participating shareholders. In 2019, Lenzing made a strategic commitment to reducing its greenhouse gas emissions per ton of product by 50 percent by the year 2030. The goal is to operate in a climate-neutral manner by 2050.

The substantial investments made in Thailand and Brazil not only support Lenzing in its transformation to a supplier of environmentally compatible specialty fibers but also comprise an important milestone on this journey which sustainably increases the company’s enterprise value.

The implementation of these two key projects is proceeding ahead as planned in spite of the direct impacts of the coronavirus crisis. The pulp plant in Brazil is scheduled to be put into operation in the first half of 2022 and will significantly increase Lenzing’s own in-house supply of dissolving pulp. Production in Thailand is expected to commence towards the end of 2021, further raising the share of eco-friendly specialty fibers in the Lenzing product portfolio.

New appointments to the Supervisory Board
Dr. Veit Sorger retired from the Supervisory Board of Lenzing AG on his request effective at the end of the Annual General Meeting. Veit Sorger had been a Member of the Supervisory Board since 2004 (also serving as Deputy Chairman since 2011) and served on various Supervisory Board committees.

The Annual General Meeting elected Dr. Markus Fürst, Managing Director of B&C Industrieholding GmbH, and Thomas Cord Prinzhorn, MBA, CEO of Prinzhorn Holding GmbH, to serve on the Supervisory Board until the end of the Annual General Meeting resolving upon the discharge of the Supervisory Board members for the business year 2024.

Source:

Lenzing AG

Shirt-Finisher_SF26 (c) VEIT GmbH
23.04.2019

VEIT Group is presenting highlights at Texprocess 2019

At the Texprocess trade fair in Frankfurt/Main, Germany (May 14th to 17th 2019) VEIT Group will present on more than 400 m² the latest highlights in the areas of ironing, finishing, pressing and fusing in the garment industry as well as automotive and interior sectors.

"Pressing for Excellence" is the corporate slogan of the VEIT Group. In addition, this year's motto at Texprocess is "LOVEIT" which is a wordplay on "love it" or “love VEIT”. In the words of VEIT Group President Günter Veit: “Our motto stands for the passion that we have for the engineering of our products, our love of perfection and our devotion to our customers. This is the basis of their trust in our products. We want to offer our customers value not only now, but also for the future which we believe will be more digital and more sustainable. Both Industry 4.0 readiness, as well as the good of operator and environment are essential components of our product development efforts.”

At the Texprocess trade fair in Frankfurt/Main, Germany (May 14th to 17th 2019) VEIT Group will present on more than 400 m² the latest highlights in the areas of ironing, finishing, pressing and fusing in the garment industry as well as automotive and interior sectors.

"Pressing for Excellence" is the corporate slogan of the VEIT Group. In addition, this year's motto at Texprocess is "LOVEIT" which is a wordplay on "love it" or “love VEIT”. In the words of VEIT Group President Günter Veit: “Our motto stands for the passion that we have for the engineering of our products, our love of perfection and our devotion to our customers. This is the basis of their trust in our products. We want to offer our customers value not only now, but also for the future which we believe will be more digital and more sustainable. Both Industry 4.0 readiness, as well as the good of operator and environment are essential components of our product development efforts.”

Among the large portfolio of high-performance technology presented at the trade show, there is a significantly improved shirt finisher SF 26. With the new model SF 26, VEIT manages to further increase both the functionality and the ergonomics of the shirt finisher. For the customer, this optimisation in application technology is reflected in higher quality of the finished product and simplified operation.

Combined with the improved FS shirt folding table series – a highly successful product – VEIT offers true streamlining potential while maintaining high quality levels when folding shirts, blouses and polos in 3 versions.

Reacting to the customers’ demands, VEIT has equipped their popular BX fusing machines – BXT, the universal solution for shirts and outerwear – with a separate feeding belt and a 7” colour operating panel. These changes make the BX fully industry 4.0 ready and helps to further improve the ergonomics and energy efficiency.

In order to increase flexibility in the shaping of textiles, VEIT will present a new solution for high-quality finishing of the elbow seam in the area of BRISAY machines – the BRI 860 VC sleeve seam finish pressing machine. The 8430 universal multiform finisher was enhanced to cover an even wider range of applications. It can now also be used for finishing, among other items, also polos, T-shirts, blouses, blousons and jackets.

In addition to the innovative machine highlights, VEIT has also developed special solutions for customers' investment decisions. "More and more companies that are making investments are not only looking at the purchase price, but rather at the total lifetime cost of ownership," explains Vice President Christopher Veit. VEIT is presenting two interesting offers to meet this trend:
Customers may choose to buy a machine according to the “Pay Per Piece” system, which means that they pay for how much the machine is used, instead of a full up-front investment. This reduces the investment risk and allows more flexible reactions to especially to scalable business opportunities. Alternatively, when purchasing a machine the traditional way, customers can limit operating costs, extend the machine’s lifespan and achieve improved machine availability by signing a service contract. With its global service and partnership network, VEIT Group can offer this service worldwide.

More information:
VEIT
Source:

VEIT GmbH

Shirt-Finisher_SF26 (c) VEIT GmbH
23.04.2019

VEIT Group präsentiert Highlights auf der Texprocess 2019

Auf der Texprocess in Frankfurt/Main (14. – 17. Mai 2019) präsentiert die VEIT Group auf über 400m² die neuesten Highlights aus den Bereichen Bügeltechnik, Fixieren, Pressen, Textilaufbereitung bis hin zum Bereich Automotive und Interieur.

„Pressing for Excellence“ lautet der Unternehmensslogan der VEIT Group. In Ergänzung dazu steht das diesjährige Motto auf der Texprocess ganz im Zeichen von „LOVEIT“ oder „LOVE IT“. „LOVEIT steht für die Leidenschaft, die wir in die Entwicklung unserer Produkte stecken, die Liebe zur Perfektion und die Hingabe zu unseren Kunden“, verrät Geschäftsführer Günter Veit. „Daraus resultiert das Vertrauen zu den Produkten von VEIT.“

Zu diesem Motto und einer umfassenden Leistungsschau gehört ein deutlich weiterentwickelter Hemdenfinisher SF 26. Mit dem neuen Modell erhöht VEIT sowohl die Funktionalität als auch die Ergonomie des Hemdenfinishers. Für den Kunden schlägt sich diese anwendungstechnische Optimierung insbesondere in hoher Qualität des Finishgutes als auch in vereinfachter Bedienung nieder.

Auf der Texprocess in Frankfurt/Main (14. – 17. Mai 2019) präsentiert die VEIT Group auf über 400m² die neuesten Highlights aus den Bereichen Bügeltechnik, Fixieren, Pressen, Textilaufbereitung bis hin zum Bereich Automotive und Interieur.

„Pressing for Excellence“ lautet der Unternehmensslogan der VEIT Group. In Ergänzung dazu steht das diesjährige Motto auf der Texprocess ganz im Zeichen von „LOVEIT“ oder „LOVE IT“. „LOVEIT steht für die Leidenschaft, die wir in die Entwicklung unserer Produkte stecken, die Liebe zur Perfektion und die Hingabe zu unseren Kunden“, verrät Geschäftsführer Günter Veit. „Daraus resultiert das Vertrauen zu den Produkten von VEIT.“

Zu diesem Motto und einer umfassenden Leistungsschau gehört ein deutlich weiterentwickelter Hemdenfinisher SF 26. Mit dem neuen Modell erhöht VEIT sowohl die Funktionalität als auch die Ergonomie des Hemdenfinishers. Für den Kunden schlägt sich diese anwendungstechnische Optimierung insbesondere in hoher Qualität des Finishgutes als auch in vereinfachter Bedienung nieder.

Gepaart mit der weiterentwickelten, erfolgreichen Hemdenlegetischserie FS bietet VEIT den Kunden Rationalisierungspotenzial ohne Qualitätseinbußen beim Legen von Hemden, Blusen und Polos in 3 Versionen. Auf Kundenwunsch wurde im Bereich VEIT FUSING die BX Serie mit der BXT Fixiermaschine – die universelle Lösung für das Hemd und die Oberbekleidung – mit einem getrennten Eingabeband und einer 7“ Farbsteuerung erweitert. Dadurch wurden die Ergonomie und die Energieeffizienz der BX weiter verbessert.

Zur Steigerung der Flexibilität bei der Formgebung von Textilien präsentiert VEIT im Bereich der BRISAY-Maschinen eine neuartige Lösung zum qualitativ hochwertigen Finishen der Ellbogennaht mit der Ärmelnaht-Finish-Bügelmaschine BRI 860 VC.

Der Universalfinisher 8430 für universelles, abdruckfreies Finishen wurde so weiterentwickelt, dass er ein noch größeres Einsatzgebiet abdeckt. So ist er u.a. auch für das Finishen von T-Shirts, Polo-Shirts, Blusen, Blousons, Jacken und Kleidern geeignet.

Neben den innovativen Maschinenhighlights hat VEIT zudem maßgeschneiderte Lösungen für Investitionsentscheidungen der Kunden entwickelt. „Immer mehr Unternehmen betrachten bei Investitionsentscheidungen nicht mehr nur den Kaufpreis, sondern die Gesamtkosten während der Lebensdauer des Investitionsgutes“, betont Geschäftsführer Christopher Veit. Nicht zuletzt präsentiert VEIT hierzu auf der Texprocess zwei interessante Angebote: Der Kunde kauft die Maschine nach dem „Pay Per Piece“ - Prinzip und zahlt im Wesentlichen nach Nutzung. Dadurch verringert sich das Investitionsrisiko und man kann neue Geschäftschancen eher wahrnehmen. Wer sich für den klassischen Kauf interessiert, kann durch den Abschluss von Wartungsverträgen die laufenden Kosten limitieren und die Nutzungsdauer verlängern sowie die ununterbrochene Einsatzbereitschaft des Produktes verbessern. Die VEIT Group bietet diesen Service international an.

More information:
VEIT
Source:

VEIT GmbH