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25.08.2022

Indorama Ventures committed to Science Based Targets initiative

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announced its commitment to science-based targets by the Science Based Targets initiative (SBTi) to help drive its ambitious sustainability programs. The company will also participate in the SBTi Expert Advisory Group for the chemicals industry.

SBTi is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature to help businesses set emissions reduction targets based on the most recent climate science. IVL has committed to science-based targets under its purpose of “Reimagining chemistry together to create a better world” which aims to reduce global warming in line with the 1.5°C Paris Climate Agreement.

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announced its commitment to science-based targets by the Science Based Targets initiative (SBTi) to help drive its ambitious sustainability programs. The company will also participate in the SBTi Expert Advisory Group for the chemicals industry.

SBTi is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature to help businesses set emissions reduction targets based on the most recent climate science. IVL has committed to science-based targets under its purpose of “Reimagining chemistry together to create a better world” which aims to reduce global warming in line with the 1.5°C Paris Climate Agreement.

Under its Vision 2030 ambition, Indorama Ventures aims to build on its global industry leadership in sustainability, including by reducing GHG intensity by 30% and increasing renewable electricity consumption to 25%. Green projects are helping the company to achieve its operational efficiency targets, increase its use of renewable energy (especially renewable electricity – both onsite generation and offsite procurement through power purchase agreements), implement new decarbonization technologies including carbon capture, introduce bio-feedstock to its petrochemical value chain, and expand its PET recycling capability.

To meet its targets, IVL recognizes the importance of collaboration between the public and private sectors to decarbonize its operations through a variety of strategies. The established targets help its customers and suppliers to achieve their own sustainability goals, particularly their science-based targets.

Yash Lohia, Chairman of ESG Council at Indorama Ventures, said, "We are pleased to make our sustainability commitment more practical and measurable through science-based targets. We are dedicated to finding new technologies that can transform our operations and products towards net-zero. The efforts are not only for our sustainable business but also to support our customers and suppliers to achieve their own sustainability goals."

Source:

IVL

25.08.2022

PICANOL GROUP: Strong first HY22, but …

In comparison to HY 21 revenue went up by 26% to 1,707.3 million EUR, the profit reached 123.9 million EUR (+6%).

Machines & Technologies revenue increased by +10%. The revenue of Agro increased by +46%, Bio-valorization revenue increased by +27%, the revenue of Industrial Solutions increased by +21%, and the revenue of T-Power increased by 4%. This revenue increase could be mainly realized thanks to higher sales prices, implemented to compensate the increase of raw material, energy and transportation costs in most segments.

In comparison to HY 21 revenue went up by 26% to 1,707.3 million EUR, the profit reached 123.9 million EUR (+6%).

Machines & Technologies revenue increased by +10%. The revenue of Agro increased by +46%, Bio-valorization revenue increased by +27%, the revenue of Industrial Solutions increased by +21%, and the revenue of T-Power increased by 4%. This revenue increase could be mainly realized thanks to higher sales prices, implemented to compensate the increase of raw material, energy and transportation costs in most segments.

In the first half of 2022, revenue increased by +10% for the segment Machines & Technologies. This increase in revenue took place both in weaving machines (Picanol) and other industrial activities (Proferro, PsiControl). Picanol launched the OmniPlus-i TC Connect weaving machine into the Machines & Technologies segment in early 2022. This model, which was specifically made for weaving tire cord, has been upgraded with the latest airjet technology and equipped with the features of the new generation Connect weaving machines. However, HY22 Adjusted EBITDA decreased by 64% compared to last year due to the negative impact of rising raw material prices, transportation costs and costs of late deliveries, which could not be translated into higher selling prices, partly due to the large order book.

The group anticipates a continued high level of uncertainty in the second half of 2022, as well as in 2023, due to the current conflict in Eastern Europe, the difficult supply chain circumstances, and other challenges following the coronavirus pandemic. The development of customer demand and sales margin could therefore come under pressure. However, based on currently available information, Picanol Group expects that the 2022 Adjusted EBITDA will be higher than the 2021 Adjusted EBITDA (430.3 million EUR). This revised outlook for the 2022 financial year reflects the strong first half of the year, while the result for the second half is expected to be in line with the same period in the previous year.

More information:
Picanol Group
Source:

Picanol Group

(c) adidas AG
25.08.2022

adidas: Y-3 Presents Fall/Winter 2022 Chapter 4

Y-3 returns to present the closing chapter of its Fall/Winter 2022 collection. Representing the final iteration of the brand’s “20 Years: Recoded” thematic narrative, Chapter 4 boldly celebrates one of the label’s most revered and lasting motifs – exotic prints – as adidas and Yohji Yamamoto fearlessly reimagine historic looks and textures for a new era.

Subversively exploring the year-long theme of collective memory, the latest chapter draws on Yohji Yamamoto’s inherently rebellious spirit. With Y-3 shifting its creative focus to a distinctly textural concept – Memories of Exotics – the German sportswear brand and the Japanese visionary recall a legacy of animal prints and iconography, distorting iconic signifiers through a slew of all-over print graphics.  

The seasonal offering is highlighted by a selection of pieces that juxtapose leopard prints and fabrics with muted palettes, functional details, and dynamic sporting silhouettes. Curated as a daring blend of past and future, the collection clashes the brand’s heritage with its progressive vision for tomorrow.

Y-3 returns to present the closing chapter of its Fall/Winter 2022 collection. Representing the final iteration of the brand’s “20 Years: Recoded” thematic narrative, Chapter 4 boldly celebrates one of the label’s most revered and lasting motifs – exotic prints – as adidas and Yohji Yamamoto fearlessly reimagine historic looks and textures for a new era.

Subversively exploring the year-long theme of collective memory, the latest chapter draws on Yohji Yamamoto’s inherently rebellious spirit. With Y-3 shifting its creative focus to a distinctly textural concept – Memories of Exotics – the German sportswear brand and the Japanese visionary recall a legacy of animal prints and iconography, distorting iconic signifiers through a slew of all-over print graphics.  

The seasonal offering is highlighted by a selection of pieces that juxtapose leopard prints and fabrics with muted palettes, functional details, and dynamic sporting silhouettes. Curated as a daring blend of past and future, the collection clashes the brand’s heritage with its progressive vision for tomorrow.

Accompanying the launch of Fall/Winter 2022 Chapter 4 is a visual campaign that oscillates between mystery, intrigue, and sporting dynamism. Shot by Heji Shin with creative direction from Jamie Reid and styling from Robbie Spencer, the visuals channel a visceral, rather than understated, interpretation of Y-3’s past, present, and future.

More information:
adidas Y-3 clothing
Source:

adidas AG

(c) INDA
23.08.2022

INDA Announces the 2022 RISE® Innovation Award Finalists

  • Innovations in Recycling and Sustainability: Sustainable Diaper Components, Natural Fibers, and Kitty Litter from Recycled Nappies

INDA, the Association of the Nonwoven Fabrics Industry, announced the three finalists that will present their innovative material science solutions as they compete for the prestigious RISE® Innovation Award during the 12th edition of the Research, Innovation & Science for Engineered Fabrics Conference (RISE®) to be held in person September 27-28, 2022 at North Carolina State University.  The award recognizes novel innovations within and on the periphery of the nonwovens industry that creatively use next-level science and engineering principles to solve material challenges and expand the usage of nonwovens and engineered fabrics.

  • Innovations in Recycling and Sustainability: Sustainable Diaper Components, Natural Fibers, and Kitty Litter from Recycled Nappies

INDA, the Association of the Nonwoven Fabrics Industry, announced the three finalists that will present their innovative material science solutions as they compete for the prestigious RISE® Innovation Award during the 12th edition of the Research, Innovation & Science for Engineered Fabrics Conference (RISE®) to be held in person September 27-28, 2022 at North Carolina State University.  The award recognizes novel innovations within and on the periphery of the nonwovens industry that creatively use next-level science and engineering principles to solve material challenges and expand the usage of nonwovens and engineered fabrics.

Finalists for the 2022 RISE® Innovation Award:
Cat Litter Made from Recycled Nappies – DiaperRecycle
DiaperRecycle has developed technology to recycle used diapers into cat litter. The aim of the company is to make an environmental impact and decrease the climate changing emissions of diaper waste. They’re diverting used diapers (used in households and businesses such as elder care) from landfill, separating the plastic and fiber and making cat litter. The plastic is prepared for recycling by plastics recyclers. The cat litter product is made by DiaperRecycle from the super absorbent fiber of diapers; it’s highly absorbent and flushable.

Biodegradable Diaper Components – Gottlieb Binder GmbH & Co. KG
Together, Avgol and Binder take on the challenge of disposable absorbent articles for the good of future generations and came up with sustainable diaper components. The technologies used are based on biotransformation technology, which makes it possible to achieve more sustainable products by supporting recycling and providing an alternative route for non-recyclable/fugitive waste management.

sero® hemp fibers – Bast Fibre Technologies, Inc.
Bast Fibre Technologies’ sero® hemp fibers offer the nonwoven industry an all-natural substitute for plastic fibers. From dedicated European- and US-based production facilities, BFT transforms raw bast fibers into premium natural fibers for applications ranging from single-use and durable wipes to industrial applications. Suitable for minority or majority blends, sero® hemp combines easily with standard nonwoven fibers to produce fabrics that meet the industry requirements for strength, uniformity, and processing efficiency.

RISE® conference attendees, technology scouts and product developers in the nonwoven/engineered fabrics industry seeking new developments to advance their businesses, will electronically vote for the recipient of the 2022 RISE® Innovation Award. The winner will be announced Wed., Sept. 28th.

Technical experts on INDA’s Technical Advisory Board selected three finalists from among 12 nominations.  The 22-member board of technical professionals is represented by companies such as Absorbent Hygiene Insights LLC, Attindas Hygiene Partners, Berry Global, Cotton Incorporated, Crown Abbey, LLC, The DAK Group, Fi-Tech, Inc. Freudenberg Performance Materials, Glatfelter Sontara Old Hickory, Inc., Lenzing Fibers, Inc., Natureworks LLC, Nice-Pak Products, Inc./PDI, Nonwovens by Design, Norafin (Americas) Inc., The Nonwovens Institute at North Carolina State University, Poccia Consulting, LLC, The Procter & Gamble Company, RKW North America, Inc., Rockline Industries, Smith, Johnson & Associates, Suominen Corporation, and Texas Tech University.

“The RISE Conference recognizes and promotes innovation across the nonwoven and engineered material industry. Technology leaders will share invaluable information on innovative new approaches and concepts to resolve material science challenges. For any technical leader, technology scout or new product innovator, RISE is an event not to be missed,” said Tony Fragnito, INDA’s President.

The conference program will cover relevant and timely topics including: Creating a Circular Industry, Advancements in Sustainable Inputs in PLA, Developments in Natural Fibers I and II, Sustainable Inputs in Fibers and Biofibers, Sustainable Inputs from Waste Products, and Economic Insights and Market Intelligence.

More information:
INDA RISE®
Source:

INDA

Beaulieu International Group
23.08.2022

BIG at EuroGeo7 with geotextile fibres & woven fabrics

Beaulieu International Group invites EuroGeo7 attendees to discover geotextile solutions promoting greater sustainability for future civil engineering projects. Specialists from Beaulieu Fibres International (BFI) and Beaulieu Technical Textiles (BTT) will present high-performance geosynthetics through high tenacity fibres for lightweight, nonwoven geotextiles, and a range of high durability woven geotextile solutions with an environmentally beneficial impact.

Beaulieu International Group invites EuroGeo7 attendees to discover geotextile solutions promoting greater sustainability for future civil engineering projects. Specialists from Beaulieu Fibres International (BFI) and Beaulieu Technical Textiles (BTT) will present high-performance geosynthetics through high tenacity fibres for lightweight, nonwoven geotextiles, and a range of high durability woven geotextile solutions with an environmentally beneficial impact.

“We are delighted to sponsor EuroGeo7 and to be finally on-site, following a two-year postponement of the event. EuroGeo7 is bringing the geotextile community together to further promote and develop geosynthetics in a fast changing global economy striving for growth while reducing its carbon footprint along the supply chain, " comment from Jefrem Jennard, Sales Director Fibres, and Roy Kerckhove, Sales Director Technical Textiles. “Geotextiles provide highly versatile, durable and natural resource-saving alternatives in large infrastructure works, and offer durable protection in erosion control and waste/water management projects. We are continuously developing our fibres and finished engineering textiles with proven sustainability-enhancing benefits to progress product development and customer sustainability goals on fossil carbon reduction, while taking concrete steps to reduce our own environmental footprint.”
 
Sustainability improvement is key to the long-term strategy of Beaulieu International Group, and it is committed to supporting the geotextile industry by targeting and accelerating change and communicating the sustainable performance of its products. The UN Sustainable Development Goals are integrated into its business and are the foundations of the new Route 2030 Sustainability Roadmap.


For manufacturers of nonwoven geotextiles, BFI’s high-tenacity HT8 staple fibres enable customers to achieve nonwovens with high mechanical performance at reduced fibre weight. The HT8 high tenacity fibres are designed in a way that customers can meet the industry durability standards for a longer service lifetime, supporting more sustainable design and resource reduction over time. BTT’s woven geotextiles are amongst the most sustainable in the industry and provide a wide range of functions, including separation, filtration, reinforcement and erosion control.

BFI and BTT have conducted lifecycle assessments to calculate their activities' carbon footprint and solutions and have received external recognition for their ongoing sustainability efforts. For example, in 2022, BFI was awarded a Silver EcoVadis sustainability rating, and BFI and BTT are proud recipients of the Voka Charter for Sustainable Entrepreneurship 2022.

Source:

Beaulieu International Group

23.08.2022

Lenzing: Transition to green electricity in Indonesia

  • Gradual transformation of production capacities to LENZING™ ECOVERO™ and VEOCEL™ branded specialty viscose

The Lenzing Group, provider of wood-based specialty fibers, is expanding its global clean electricity portfolio and transitioning its production site in Purwakarta to green electricity. The Indonesian subsidiary PT. South Pacific Viscose (SPV) has been using electricity generated solely from renewable sources since July this year, which will reduce its specific carbon emissions by 75,000 tonnes annually.

In 2019, Lenzing became the first fiber producer to set a target of halving its carbon emissions by 2030 and becoming climate neutral by 2050. This carbon reduction target has been recognized by the Science Based Targets Initiative. In Purwakarta, Lenzing is currently investing in the reduction of carbon emissions, as well as air and water emissions. Thanks to its EUR 100 million investment in this area, Lenzing is gradually transitioning its existing capacities for standard viscose to LENZING™ ECOVERO™ and VEOCEL™ branded specialty viscose.

  • Gradual transformation of production capacities to LENZING™ ECOVERO™ and VEOCEL™ branded specialty viscose

The Lenzing Group, provider of wood-based specialty fibers, is expanding its global clean electricity portfolio and transitioning its production site in Purwakarta to green electricity. The Indonesian subsidiary PT. South Pacific Viscose (SPV) has been using electricity generated solely from renewable sources since July this year, which will reduce its specific carbon emissions by 75,000 tonnes annually.

In 2019, Lenzing became the first fiber producer to set a target of halving its carbon emissions by 2030 and becoming climate neutral by 2050. This carbon reduction target has been recognized by the Science Based Targets Initiative. In Purwakarta, Lenzing is currently investing in the reduction of carbon emissions, as well as air and water emissions. Thanks to its EUR 100 million investment in this area, Lenzing is gradually transitioning its existing capacities for standard viscose to LENZING™ ECOVERO™ and VEOCEL™ branded specialty viscose.

“Demand for our wood-based, biodegradable specialty fibers is constantly rising. We see enormous growth potential, especially in Asia. The switch to green, renewable electricity marks a huge step forward in converting our Indonesian site into a specialty fiber supplier. This makes us better positioned to meet the growing demand for sustainably produced fibers,” comments Robert van de Kerkhof, Chief Commercial Officer for Fiber at Lenzing.


The company aims to generate more than 75 percent of its fiber revenue from the wood-based, biodegradable specialty fibers business under the TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ brands by 2024. With the launch of the lyocell plant in Thailand in March 2022 and the investments in existing production sites in Indonesia and China, the share of specialty fibers in Lenzing’s fiber revenue is set to exceed the 75 percent target by a significant margin as early as 2023.

Source:

Lenzing AG

23.08.2022

imm cologne’s new story: Spring Edition in June 2023, no trade fair in January

For 2023, imm cologne is adapting its concept. The trade fair has been given a new schedule, which will see the international Interior Business Event host a new, one-off spring edition in 2023. The dates have been chosen in close consultation with its market partners.

“Today the imm cologne advisory board gave the concept proposed by Koelnmesse for the imm spring edition in June 2023 the green light unanimously. Our thanks go to the advisory board and in particular to the German industry, the retail sector and the purchasing associations for their support. This concept will ensure that imm cologne can take place again after a two-year break. The industry has given its backing to a strong interior design trade fair in Germany, the biggest market in Europe,” says Gerald Böse, Chief Executive Officer of Koelnmesse. “I firmly believe in face-to-face exchanges. In my view, they are immensely important for the industry’s development, especially in challenging times. The sector needs an in-person platform in Germany, an event with international appeal and a strong communication reach like imm cologne,” he adds.

For 2023, imm cologne is adapting its concept. The trade fair has been given a new schedule, which will see the international Interior Business Event host a new, one-off spring edition in 2023. The dates have been chosen in close consultation with its market partners.

“Today the imm cologne advisory board gave the concept proposed by Koelnmesse for the imm spring edition in June 2023 the green light unanimously. Our thanks go to the advisory board and in particular to the German industry, the retail sector and the purchasing associations for their support. This concept will ensure that imm cologne can take place again after a two-year break. The industry has given its backing to a strong interior design trade fair in Germany, the biggest market in Europe,” says Gerald Böse, Chief Executive Officer of Koelnmesse. “I firmly believe in face-to-face exchanges. In my view, they are immensely important for the industry’s development, especially in challenging times. The sector needs an in-person platform in Germany, an event with international appeal and a strong communication reach like imm cologne,” he adds.

imm cologne’s new story will take shape in two steps
The imm cologne team presented its vision for a new concept at the start of June 2022. The new story for imm cologne will unfold in two steps. The first step will be the imm spring edition from 4 to 7 June 2023. “The spring edition is synonymous with a new beginning. imm cologne wants to use it to motivate and to show how it is experimenting with new ideas and leaving well-trodden paths behind,” explains Oliver Frese, Chief Operating Officer of Koelnmesse. “What’s more, the event in June gives our partners planning certainty.”

Four-day with a trade audience focus
The cornerstones of the new concept are clear: The imm spring edition will take place over four days, running from Sunday to Wednesday, and will be geared towards trade visitors. End consumers will be able to visit the trade fair by invitation, giving the spring event a clear business focus. “It’s also our goal to create new participation formats in the market,” says Matthias Pollmann, Vice President Trade Fair Management at Koelnmesse. The kitchen segment will also be included in the imm 2023 spring edition. At the same time, the plan is to incorporate the city more closely into the spring edition as an event location.

Vision 2024+: imm cologne as the forum for future issues facing the industry
The second step will then follow in the summer of 2023. In close consultation with the industry and the associations involved in the event, the future dates for imm cologne and LivingKitchen will be set. The future vision for imm cologne conceives the interior event as more than just a key business platform. As a catalyst for the sector’s development, it addresses both industry and external issues of relevance to the imm cologne community.

More information:
imm cologne
Source:

Koelnmesse GmbH

(c) Freudenberg Performance Materials
23.08.2022

Freudenberg at Lineapelle with sustainable materials for leather goods

Freudenberg Performance Materials (Freudenberg) will be presenting Evolon® eco-friendly microfiber reinforcement material for leather goods that is manufactured in Europe with no solvent and no chemical binder at the Lineapelle international trade show for the leather industry. Another sustainability highlight is binder-free strobel material made from 100% recycled PET for the shoe industry. The company will also be showing a nonwoven crimping material that meets the increasing demands of manufacturers and consumers alike in the footwear market.

Evolon® contains 80% recycled PET. It is produced at Freudenberg’s facility in Colmar, France, where the manufacturing process is highly sustainable: it is certified to STeP by OEKO-TEX® and fully complies with the DETOX TO ZERO by OEKO-TEX® criteria. In addition, shorter transport routes help to secure supply chains for players in the European leather goods industry.

Freudenberg Performance Materials (Freudenberg) will be presenting Evolon® eco-friendly microfiber reinforcement material for leather goods that is manufactured in Europe with no solvent and no chemical binder at the Lineapelle international trade show for the leather industry. Another sustainability highlight is binder-free strobel material made from 100% recycled PET for the shoe industry. The company will also be showing a nonwoven crimping material that meets the increasing demands of manufacturers and consumers alike in the footwear market.

Evolon® contains 80% recycled PET. It is produced at Freudenberg’s facility in Colmar, France, where the manufacturing process is highly sustainable: it is certified to STeP by OEKO-TEX® and fully complies with the DETOX TO ZERO by OEKO-TEX® criteria. In addition, shorter transport routes help to secure supply chains for players in the European leather goods industry.

The binder-free strobel material is made from 100% recycled PET. It is GRS-certified for reliable traceability. The GRS certification recognizes the share of recycled materials in the strobel material. This allows customers to calculate the total amount of recycled material in shoes. Moreover, the mono-component material itself is fully recyclable. In terms of performance, the material is lightweight and also demonstrates a high tensile strength.

Made from nonwoven fabric, the innovative crimping material optimally combines high permanent moldability and shape retention with flexibility and suppleness. This crimping material enables manufacturers to reduce their production costs, while consumers benefit from increased comfort. Compared to conventional knitted fabric-based crimping materials, the nonwoven crimping material offers multi-directional stretching properties, improved fitting, greater design freedom and reduced weight.

Source:

Freudenberg Performance Materials

(c) Textile Exchange
23.08.2022

The Ryan Young Climate+ Awards: Applications open by August 31

The second annual Ryan Young Climate+ Awards will take place this November 2022 at the annual Textile Exchange conference. Nominations are open until August 31, 2022.

The late Ryan Young, Textile Exchange COO from 2017-2020, is the inspiration behind Textile Exchange’s Climate+ Strategy, which is for the organization to serve as “a driving force for urgent climate action,” with a goal of 45% reduced CO2 emissions from textile fiber and material production by 2030. Ryan’s bold and courageous spirit defined what Textile Exchange and its members must do to tackle the climate crisis.

In honor of Ryan and his vision, TE will again be awarding Ryan Young Climate+ Awards to outstanding individuals and teams who show a clear commitment to the Climate+ vision along with other leadership traits.

Winners will be announced at the 2022 Textile Exchange Conference which will take place virtually and in person in Colorado Springs, U.S. from November 14-18, 2022.

The second annual Ryan Young Climate+ Awards will take place this November 2022 at the annual Textile Exchange conference. Nominations are open until August 31, 2022.

The late Ryan Young, Textile Exchange COO from 2017-2020, is the inspiration behind Textile Exchange’s Climate+ Strategy, which is for the organization to serve as “a driving force for urgent climate action,” with a goal of 45% reduced CO2 emissions from textile fiber and material production by 2030. Ryan’s bold and courageous spirit defined what Textile Exchange and its members must do to tackle the climate crisis.

In honor of Ryan and his vision, TE will again be awarding Ryan Young Climate+ Awards to outstanding individuals and teams who show a clear commitment to the Climate+ vision along with other leadership traits.

Winners will be announced at the 2022 Textile Exchange Conference which will take place virtually and in person in Colorado Springs, U.S. from November 14-18, 2022.

The 2022 award categories and criteriaare listed below:
Nominees may be brands, retailers, farmers and/or ranchers, and raw material suppliers.
Winners will receive one free full-access pass to attend the Conference (travel not included).

Three Ryan Young Climate+ Award Categories:

  1. Overall leadership – individual
  2. Overall leadership – team
  3. Rising star – individual with less than 5 years of industry experience

Award recipients will meet the following criteria:

  • Commitment to Climate+ – involved in accelerating Climate+ action in the apparel, textile, and footwear industry.
  • Collaboration – reflective of Ryan’s vision and determination to collaboratively move the industry forward.
  • Impact – driving innovative, scalable, transparent programs with measurable impact reduction and/or beneficial impacts on climate, water, soil health, and/or biodiversity at the raw materials level. Achievements/solutions are backed by trusted data and/or reporting.
  • Leadership and Inspiration – clearly demonstrating leadership and vision for industry climate solutions over the past year and beyond
Source:

Textile Exchange

Fashion Revolution
19.08.2022

Results of the FASHION TRANSPARENCY INDEX 2022

The world’s largest fashion brands and retailers must increase transparency to tackle the climate crisis and social inequality, according to the latest Fashion Transparency Index.

The seventh edition of the Fashion Transparency Index ranks 250 of the world’s largest fashion brands and retailers based on their public disclosure of human rights and environmental policies, practices, and impacts, across their operations and supply chains.

  • Brands achieved an average score of just 24%, with nearly a third of brands scoring less than 10%
  • The majority of brands (85%) do not disclose their annual production volumes despite mounting evidence of clothing waste around the world
  • Most major brands and retailers (96%) do not publish the number of workers in their supply chain paid a living wage

The Index reveals insights into the most pressing issues facing the fashion industry, like:

The world’s largest fashion brands and retailers must increase transparency to tackle the climate crisis and social inequality, according to the latest Fashion Transparency Index.

The seventh edition of the Fashion Transparency Index ranks 250 of the world’s largest fashion brands and retailers based on their public disclosure of human rights and environmental policies, practices, and impacts, across their operations and supply chains.

  • Brands achieved an average score of just 24%, with nearly a third of brands scoring less than 10%
  • The majority of brands (85%) do not disclose their annual production volumes despite mounting evidence of clothing waste around the world
  • Most major brands and retailers (96%) do not publish the number of workers in their supply chain paid a living wage

The Index reveals insights into the most pressing issues facing the fashion industry, like:

  • As new and proposed legislation focuses on greenwashing claims, almost half of major brands (45%) publish targets on sustainable materials yet only 37% provide information on what constitutes a sustainable material.
  • Only 24% of major brands disclose how they minimise the impacts of microfibres despite textiles being the largest source of microplastics in the ocean.
  • The vast majority of major brands and retailers (94%) do not disclose the number of workers in their supply chains who are paying recruitment fees. This paints an unclear picture of the risks of forced labour as workers may be getting into crippling debt to accept jobs paying poverty wages.
  • While many brands use their channels to talk about social justice, they need to go beyond lip service. Just 8% of brands publish their actions on racial and ethnic equality in their supply chains.

Despite these results, Fashion Revolution is encouraged by increasing supply chain transparency among many major brands, primarily with first-tier manufacturers where the final stage of production occurs, e.g. cutting, sewing, finishing and packing. Nine brands have disclosed their first-tier manufacturers for the first time this year. It is encouraging to see significant progress across market segments including luxury, sportswear, footwear and accessories and across different geographies.

Fashion Revolution’s co-founder and Global Operations Director Carry Somers says: “In 2016, only 5 out of 40 major brands (12.5%) disclosed their suppliers. Seven years later, 121 out of 250 major brands (48%) disclose their suppliers. This clearly demonstrates how the Index incentivises transparency but it also shows that brands really are listening to the millions of people around the world who keep asking them #WhoMadeMyClothes? Our power is in our persistence.”

More key findings from the Fashion Transparency Index 2022:

Progress on transparency in the global fashion industry is still too slow among 250 of the world’s largest fashion brands and retailers, with brands achieving an overall average score of just 24%, up 1% from last year
For another year, the initiative has seen major brands and retailers publicly disclose the most information about their policies, commitments and processes on human rights and environmental topics and significantly less about the results, outcomes and impacts of their efforts.

Most (85%) major brands still do not disclose their annual production volumes despite mounting evidence of overproduction and clothing waste
Thousands of tonnes of clothing waste are found globally. However, brands have disclosed more information about the circular solutions they are developing (28%) than on the actual volumes of pre- (10%) and post-production waste they produce (8%). Brands have sat by as waste importing countries foot the bill, resulting in serious human rights and environmental implications.

Just 11% of brands publish a responsible purchasing code of conduct indicating that most are still reluctant to disclose how their purchasing practices could be affecting suppliers and workers
Greater transparency on how brands interact with their suppliers ought to be a first step towards eliminating harmful practices and promoting fair purchasing practices. The poor performance on transparency in this vital area is a missed opportunity for brands to demonstrate they are serious about addressing the root causes of harmful working conditions, including the instances where they themselves are the key driver.

Despite the urgency of the climate crisis, less than a third of major brands disclose a decarbonisation target covering their entire supply chain which is verified by the Science-Based Targets Initiative
Many brands and retailers rely heavily on garment producing countries that are vulnerable to the impacts of the climate crisis, yet our research shows that only 29% of major brands and retailers publish a decarbonisation target covering their operations and supply chain which is verified by the Science Based Targets Initiative.

Only 11% of brands publish their supplier wastewater test results, despite the textile industry being a leading contributor to water pollution
The fashion industry is a major contributor to water pollution and one of the most water intensive industries on the planet. Only 11% of major brands publish their wastewater test result, and only 25% of brands disclose the process of conducting water-related risk assessments in their supply chain. Transparency on wastewater test results is key to ensuring that brands are held accountable for their potentially devastating impacts on local biodiversity, garment workers and their communities.

Most major brands and retailers (96%) do not publish the number of workers in their supply chain paid a living wage nor do they disclose if they isolate labour costs
Insufficient progress is being made by most brands towards ensuring that the workers in their supply chain are paid enough to cover their basic needs and put aside some discretionary income. Just 27% of brands disclose their approach to achieving living wages for supply chain workers and 96% do not publish the number of workers in their supply chain paid a living wage. In response, we have joined forces with allies across civil society to launch Good Clothes, Fair Pay. The campaign demands groundbreaking living wage legislation across the garment, textile and footwear sector.

 

Source:

Fashion Revolution

(c) Bogner
17.08.2022

BEST OF BOGNER Collection Fall/Winter 2022

  • OFF TO NEW HORIZONS

BOGNER was founded on innovations and adventures. When looking back, it is to 90 years of pioneering heritage. The company celebrates the past while welcoming the future with a selection of iconic BOGNER silhouettes revived and reinterpreted.

BEST OF BOGNER Fall/Winter 2022 combines innovative craftsmanship with luxury and progress. A collection of refined looks that create a sense of loose elegance and lightness.

Luxurious materials such as Bavarian wool, high-performance stretch nylon and performance travel wool are combined with embroidery, color blocking, cable knit patterns and fringes. The result: a fashion revival with iconic, timeless silhouettes and modern, luxurious highlights.

  • OFF TO NEW HORIZONS

BOGNER was founded on innovations and adventures. When looking back, it is to 90 years of pioneering heritage. The company celebrates the past while welcoming the future with a selection of iconic BOGNER silhouettes revived and reinterpreted.

BEST OF BOGNER Fall/Winter 2022 combines innovative craftsmanship with luxury and progress. A collection of refined looks that create a sense of loose elegance and lightness.

Luxurious materials such as Bavarian wool, high-performance stretch nylon and performance travel wool are combined with embroidery, color blocking, cable knit patterns and fringes. The result: a fashion revival with iconic, timeless silhouettes and modern, luxurious highlights.

Source:

Bogner

16.08.2022

CHT Group publishes Sustainability Report 2021

The focus is on personnel development, energy and water consumption as well as company-wide emissions and waste behavior. CHT highlights in this report the group-wide projects for climate protection as well as the sustainable products and solutions. The report has been prepared in accordance with the GRI standards of the Global Reporting Initiative (GRI) based on the core option.

With the "Green Deal", the EU Commission is pursuing ambitious climate targets, in the implementation of which the CHT Group is actively involved as part of the VCI initiative "chemistry4climate".
The Group's goal is to become climate-neutral by 2045. To underpin this ambitious target, at the end of 2021 the CHT Group signed up to the Science Based Targets Initiative (SBTi) to meet the goals of the Paris Climate Agreement and committed to the 1.5°C target.
For 2021, the first carbon footprint (Scope 1+2) was prepared for the CHT Group, which now serves as the basis for greenhouse gas emissions reduction targets.

The focus is on personnel development, energy and water consumption as well as company-wide emissions and waste behavior. CHT highlights in this report the group-wide projects for climate protection as well as the sustainable products and solutions. The report has been prepared in accordance with the GRI standards of the Global Reporting Initiative (GRI) based on the core option.

With the "Green Deal", the EU Commission is pursuing ambitious climate targets, in the implementation of which the CHT Group is actively involved as part of the VCI initiative "chemistry4climate".
The Group's goal is to become climate-neutral by 2045. To underpin this ambitious target, at the end of 2021 the CHT Group signed up to the Science Based Targets Initiative (SBTi) to meet the goals of the Paris Climate Agreement and committed to the 1.5°C target.
For 2021, the first carbon footprint (Scope 1+2) was prepared for the CHT Group, which now serves as the basis for greenhouse gas emissions reduction targets.

65% of the CHT Group's sales in 2021 were generated with sustainable products. For this, over 88% of the strategic raw material volume was sourced from suppliers classified as sustainable.

Moreover, interesting are the concepts and optimally matched auxiliaries with which energy and resource savings can be implemented for various textile application fields. They vividly and exemplarily demonstrate the efforts to achieve the company's own sustainable and strategic goals, which are derived from the United Nations Development Goals (SDGs).

Source:

CHT Group

(c) Shima Seiki
16.08.2022

SHIMA SEIKI exhibiting at FEBRATEX 2022

Japanese flat knitting machine manufacturer SHIMA SEIKI MFG., LTD. will exhibit at the Brazilian Textile Industry Fair (FEBRATEX 2022) this month. On display will be the cutting edge in computerized flat knitting technology, represented by the latest WHOLEGARMENT® machines and design system.

The flagship MACH2XS series features the company’s original SlideNeedle™ on four needle beds and spring-type sinker system supporting a wide range of high-quality WHOLEGARMENT® knitting in all needles. The versatile MACH2S is capable of both WHOLEGARMENT® knitting and shaping on a conventional V-bed. SVR123SP features a special loop presser bed and is capable of producing unique woven-like hybrid fabrics as well as technical textiles. At FEBRATEX it will demonstrate its capability by knitting shoe uppers. The SVR and N.SSR workhorse machines set the industry benchmark for shaping machines, with SVR202 featuring tandem knitting capability for flexible operation. The SFG and SFG-I glove knitting machines rounds out the comprehensive lineup.

Japanese flat knitting machine manufacturer SHIMA SEIKI MFG., LTD. will exhibit at the Brazilian Textile Industry Fair (FEBRATEX 2022) this month. On display will be the cutting edge in computerized flat knitting technology, represented by the latest WHOLEGARMENT® machines and design system.

The flagship MACH2XS series features the company’s original SlideNeedle™ on four needle beds and spring-type sinker system supporting a wide range of high-quality WHOLEGARMENT® knitting in all needles. The versatile MACH2S is capable of both WHOLEGARMENT® knitting and shaping on a conventional V-bed. SVR123SP features a special loop presser bed and is capable of producing unique woven-like hybrid fabrics as well as technical textiles. At FEBRATEX it will demonstrate its capability by knitting shoe uppers. The SVR and N.SSR workhorse machines set the industry benchmark for shaping machines, with SVR202 featuring tandem knitting capability for flexible operation. The SFG and SFG-I glove knitting machines rounds out the comprehensive lineup.

Demonstrations will also be performed on SHIMA SEIKI’s SDS-ONE APEX4 3D design system that is at the core of the company’s “Total Knitting System” concept. With comprehensive support of all aspects throughout the knit supply chain, SDS-ONE APEX4 integrates knit production into one efficient workflow from yarn development, product planning and design to machine programming, production and even sales promotion. Especially effective is SDS-ONE APEX4’s capability to improve on the planning process with virtual sampling. Photo-realistic simulation capability minimizes the need for sample-making, effectively reducing time, material and cost from the prototyping process.

15.08.2022

THE ITALIAN LUSTER at Munich Fabric Start

Munich Fabric Start presents a new project-area that will take place during the next edition.
BLUEZONE with CATALYZER and KEYHOUSE will be the place to be for the blue community on 30 and 31 August. As a global key event for the denim industry, 90 international denim mills, weavers, manufacturers and suppliers will show their latest innovations and trends in the Zenithhalle, the Kohlebunker and the Kesselhaus.

"THE ITALIAN LUSTER" will offer all visitors a deep dive into the Made in Italy supply chain with companies that have turbocharged growth by focusing on quality, innovation and research. Well-known and international companies that can make an important contribution to European and global brands.

From the production of trimmings and accessories, to the creation of unique fabrics, to the inspiration of new collections and their realization to the finishing of the garments, Made in Italy still represents the reality par excellence focused on ethical and sustainable production.

Munich Fabric Start presents a new project-area that will take place during the next edition.
BLUEZONE with CATALYZER and KEYHOUSE will be the place to be for the blue community on 30 and 31 August. As a global key event for the denim industry, 90 international denim mills, weavers, manufacturers and suppliers will show their latest innovations and trends in the Zenithhalle, the Kohlebunker and the Kesselhaus.

"THE ITALIAN LUSTER" will offer all visitors a deep dive into the Made in Italy supply chain with companies that have turbocharged growth by focusing on quality, innovation and research. Well-known and international companies that can make an important contribution to European and global brands.

From the production of trimmings and accessories, to the creation of unique fabrics, to the inspiration of new collections and their realization to the finishing of the garments, Made in Italy still represents the reality par excellence focused on ethical and sustainable production.

"THE ITALIAN LUSTER" will allow all visitors an incredible journey into the Italian supply chain that has the ability to meet any demand of brands, from small to large production needs.

On the top floor of the Catalyzer Hall, it will be possible to view the individual collections of the companies in attendance and receive a beautiful gift specially created by the CADICA GROUP company from Carpi.

 
Participants
ACM - TRIMS AND ACCESSORIES PRODUCER
ACM was founded in 1982.
Since 1982, ACM has been providing the fashion world with unique, sought-after and customized details, guaranteeing prestigious and innovative workmanship. Each and every product is the result of the care we take at every stage of our production process: from the prototype, designed by putting the consumer's health first, to production with state-of-the-art machinery, which allows for fine workmanship and cutting-edge customization, while minimizing the impact on the environment (we are GRS certified) and complying with the strictest eco-toxicological regulations.

FASHION ART - LUXURY FASHION DESIGN
Fashionart is the brainchild of Andrea Rambaldi, who, after learning his trade from his parents, his mother a seamstress and his father the owner of a dye shop, decided to pursue a freelance career.
He began by collaborating with companies in the textile sector, where he deepened his knowledge in the field of chemistry and industrial processes, touching on the problems of processing cycles.
The real turning point came as a result of an important job for the Maison Chanel, which recognized the originality and effectiveness of his technical proposals. From that moment, this is 2008, FashionArt was born, a company focused on luxury fashion and design, expert in the design and production of garments.
From the idea to the final product, the company is able to support the client throughout the entire production process.
Since then, the company has grown and developed exponentially thanks to a team of managers, artists and experts whose experience makes them a benchmark in the high fashion industry. Fashionart operates exclusively in high fashion, a very difficult field in which to combine experience and technique with art and creativity, where our potential can be expressed to the fullest.

ELLETI - GARMENTS AND WASHING MAKER
Advocate of an approach that combines tradition, creativity, and innovation, for over 30 years Elleti Group has defined standards of absolute excellence for the denim industry. Born in the 80s in San Bonifacio, near Verona, the company developed in a one-of-a-kind context, a hotbed of ideas that led to the defining and establishing of new professions and skills in the field of denim treatment and garment personalization. Led by Luigi Lovato, right from the start the company established itself on the denim scene thanks to an ambitious and pioneering investment in new solutions. The following ten years mark an important growth which leads to the internationalization both of brand and production. After the implementing of a new department for garment dyeing, Elleti Group was ready to welcome the ever-increasing international demand, equipping itself with the first laundry in Tunisia, a country logistically central in the Mediterranean area, and as a result, ideal for the development of a complete textile supply chain. This successful story continues to unfold in the 2000s, a decade that marks the opening to the market of garment making thanks to two new structures in Romania, and peaks with the acquisition of Martelli Lavorazioni Tessili. Today Elleti Group stands firm in the market as a result of a complete offer that preserves the company’s artisanal vocation enriched through a constant process of responsible innovation.

In addition, companies BERTO INDUSTRIA TESSILE and OLIMPIAS GROUP will participate in the project by presenting their collections within their booths in the Catalyzer hall.

Source:

EFFE-BI SRL PR & COMMUNICATION

(c) adidas AG
12.08.2022

adidas Originals introduces the NMD V3 Silhouette

In 2015, adidas Originals launched the NMD silhouette – taking cues from the brand’s inimitable archive in order to create a shoe that disrupted the sneaker world at the time. Six years later and the Trefoil has returned with an updated take on the original innovator, channeling the very same independent mindset to present the  NMD V3.

Built for a life in motion, the NMD V3 reimagines its own iconic heritage with a distinctly forward thinking vision. The silhouette features a re-engineered mesh that wraps around the foot, a transparent heel clip, and BOOST cushioning that’s partially encapsulated in a TPU shell. The NMD V3 also comprises an upper made with a high-performance yarn which contains at least 50% Parley Ocean Plastic – re-imagined plastic waste, intercepted on remote islands, beaches, coastal communities and shorelines – and 50% recycled polyester.

In 2015, adidas Originals launched the NMD silhouette – taking cues from the brand’s inimitable archive in order to create a shoe that disrupted the sneaker world at the time. Six years later and the Trefoil has returned with an updated take on the original innovator, channeling the very same independent mindset to present the  NMD V3.

Built for a life in motion, the NMD V3 reimagines its own iconic heritage with a distinctly forward thinking vision. The silhouette features a re-engineered mesh that wraps around the foot, a transparent heel clip, and BOOST cushioning that’s partially encapsulated in a TPU shell. The NMD V3 also comprises an upper made with a high-performance yarn which contains at least 50% Parley Ocean Plastic – re-imagined plastic waste, intercepted on remote islands, beaches, coastal communities and shorelines – and 50% recycled polyester.

More information:
adidas Originals adidas shoes
Source:

adidas AG

Foto: Freudenberg Performance Materials
11.08.2022

Freudenberg Friction Inserts at WindEnergy Hamburg 2022

Freudenberg Performance Materials is introducing Freudenberg Friction Inserts to trade visitors at WindEnergy, the leading trade fair for the international wind energy industry. Freudenberg Friction Inserts is a unique technology aimed at increasing the power density of wind turbines.

The Freudenberg Friction Inserts (FFI) technology is based on a special very thin nonwoven carrier material coated on one side with hard particles. The FFI are customized to fit each application, in terms of both the geometry and the construction parameters of the connection. As they do not create a gap they can be applied exactly where they are needed.

When placed in the joint, these hard particles penetrate into the surfaces of the two joining parts creating a micro interlock, thus reliably increasing the friction coefficient and achieving higher torque transmission in connections. This results in higher performance and a significant improvement in the efficiency of wind turbines. In addition, it enables the downsizing of components without compromising performance, reducing weight and material.

Freudenberg Performance Materials is introducing Freudenberg Friction Inserts to trade visitors at WindEnergy, the leading trade fair for the international wind energy industry. Freudenberg Friction Inserts is a unique technology aimed at increasing the power density of wind turbines.

The Freudenberg Friction Inserts (FFI) technology is based on a special very thin nonwoven carrier material coated on one side with hard particles. The FFI are customized to fit each application, in terms of both the geometry and the construction parameters of the connection. As they do not create a gap they can be applied exactly where they are needed.

When placed in the joint, these hard particles penetrate into the surfaces of the two joining parts creating a micro interlock, thus reliably increasing the friction coefficient and achieving higher torque transmission in connections. This results in higher performance and a significant improvement in the efficiency of wind turbines. In addition, it enables the downsizing of components without compromising performance, reducing weight and material.

FFI help to improve the reliability of connections and thus of the entire wind turbine. Furthermore, they eliminate slipping and prevent fretting of connections.

Other examples of applications for FFI are highly loaded flange connections between the rotor shaft and gearbox, connections between the main bearing and the machine carrier housing, the gearbox to generator, or at the pitch gear or ring gear. They increase the friction co-efficient between two components.

Source:

Freudenberg Performance Materials

11.08.2022

BB Engineering at the K Show 2022

As a sub-exhibitor of Oerlikon, BB Engineering will present its product range in the fields of extrusion, mixing and filtration as well as PET recycling with the VacuFil and VarioFil R+ systems at the K show 2022.

BB Engineering has been focusing its development work increasingly on recycling technologies for several years. In addition to extruders, filters and mixers that are suitable for both recycling processes and the processing of recyclate, BB Engineering offers a complete PET recycling plant called VacuFil.

As a sub-exhibitor of Oerlikon, BB Engineering will present its product range in the fields of extrusion, mixing and filtration as well as PET recycling with the VacuFil and VarioFil R+ systems at the K show 2022.

BB Engineering has been focusing its development work increasingly on recycling technologies for several years. In addition to extruders, filters and mixers that are suitable for both recycling processes and the processing of recyclate, BB Engineering offers a complete PET recycling plant called VacuFil.

With VacuFil, BB Engineering has developed an innovative PET LSP recycling process. The process combines gentle large-scale filtration and targeted IV regulation for consistently outstanding rPET melt quality. Thus, much more than simple "downcycling" is possible with VacuFil. VacuFil processes a wide range of input materials - post-production and post-consumer. The patented key component Visco+ vacuum filter removes volatile impurities quickly and reliably. VacuFil is a modular system that can be designed for different recycling applications. Simple granulation is possible, but also direct feeding into further processing, e.g. in the synthetic fiber spinning mill. BBE offers VacuFil in combination with its own VarioFil compact spinning plant to produce polyester yarn.

At the K show 2022, visitors can experience the VacuFil Visco+ recycling technology in operation with a connected VarioFil spinning plant and see live how recycling yarn is produced from PET waste.

Source:

BB Engineering GmbH

Foto: Unplash
10.08.2022

High-tech center for cotton processing and fiber-to-fiber recycling being built in Africa

IFFAC (Impact Fund for African Creatives) has revealed plans which will revolutionise West African textile and garment production at one stroke. The fund is converting a partially disused textile mill in the region into a hi-tech centre for processing local cotton and recycling waste fabric, to produce both fabric for further processing and new clothes. The mill will be equipped with modern equipment, all sustainably powered by hydroelectricity from the nearby Volta Dam.

West Africa grows about 6% of the world’s cotton but only a tiny fraction of that crop is processed on the continent, the vast majority being shipped thousands of miles to Asia before being shipped back again as finished or part-finished fabrics. The mill project will end the continent’s reliance on such an unsustainable practice with all the obvious financial and environmental benefits.

IFFAC (Impact Fund for African Creatives) has revealed plans which will revolutionise West African textile and garment production at one stroke. The fund is converting a partially disused textile mill in the region into a hi-tech centre for processing local cotton and recycling waste fabric, to produce both fabric for further processing and new clothes. The mill will be equipped with modern equipment, all sustainably powered by hydroelectricity from the nearby Volta Dam.

West Africa grows about 6% of the world’s cotton but only a tiny fraction of that crop is processed on the continent, the vast majority being shipped thousands of miles to Asia before being shipped back again as finished or part-finished fabrics. The mill project will end the continent’s reliance on such an unsustainable practice with all the obvious financial and environmental benefits.

As well as producing fabric from sustainably grown virgin cotton, a joint venture with Shandong-based WOL Textiles Ltd., a privately owned plant that has long supplied the African market, the mill will be home to a state-of-the-art shredding and recycling facility, a joint venture between IFFAC and the Dutch Circularity B.V. CEO Han Hamers of Circularity B.V. in The Netherlands, has been involved in the production of 100% circular knit and woven articles.

The mill project is expected to create over a thousand jobs. The surrounding area already boasts a significant number of experienced textile workers ready to be retrained on the new equipment. While the majority of the products created will be sold within the region, all processes will confirm to new EU Supply Chain Law to allow for the possibility of export.  

Output is forecast at six million pieces of finished clothing and twenty-five million metres of spun and woven cloth per year. In total, thirty million US$ of investment will be made in the site with operations ready to begin next year (2023).

More information:
IFFAC Africa Recycling
Source:

Circularity Germany GmbH i.G.

10.08.2022

Indorama Ventures' Results for 2Q22: Fibers segment -35% QoQ

  • Record Revenue of US$5,451M, an increase of 23% QoQ and 53% YoY
  • Record Reported EBITDA of US$1,010M, up 29% QoQ and 83% YoY
  • Reported Net Profit of THB 20.3B, an increase of 44% QoQ and 143% YoY.
  • Reported EPS of THB 3.58 (LTM2Q22: 8.11) and Core EPS of THB 2.32 (LTM2Q22:6.16)

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported record 2Q22 earnings as the company’s global integrated model continues to benefit from strong consumer trends and management responded effectively to market disruptions.

IVL posted a record Core EBITDA of US$758 million in the second quarter, up 17% QoQ and 59% YoY. Sales revenue rose by about 11% QoQ on a same-store basis, supporting a Core EBITDA margin of 14%. The combination of strong sales and improved margins helped offset higher energy costs in the U.S. and Europe, while management leveraged the company’s leading position in local and regional markets to ensure uninterrupted customer service levels as higher crude oil prices impacted raw materials costs.

  • Record Revenue of US$5,451M, an increase of 23% QoQ and 53% YoY
  • Record Reported EBITDA of US$1,010M, up 29% QoQ and 83% YoY
  • Reported Net Profit of THB 20.3B, an increase of 44% QoQ and 143% YoY.
  • Reported EPS of THB 3.58 (LTM2Q22: 8.11) and Core EPS of THB 2.32 (LTM2Q22:6.16)

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported record 2Q22 earnings as the company’s global integrated model continues to benefit from strong consumer trends and management responded effectively to market disruptions.

IVL posted a record Core EBITDA of US$758 million in the second quarter, up 17% QoQ and 59% YoY. Sales revenue rose by about 11% QoQ on a same-store basis, supporting a Core EBITDA margin of 14%. The combination of strong sales and improved margins helped offset higher energy costs in the U.S. and Europe, while management leveraged the company’s leading position in local and regional markets to ensure uninterrupted customer service levels as higher crude oil prices impacted raw materials costs.

Fibers segment posted Core EBITDA of US$55 million, a decrease of 35% QoQ and 15% YoY, as sales declined 11% QoQ. The segment was impacted by lower demand in the Lifestyle vertical amid the China lockdown while higher freight rates restricted exports. The Hygiene vertical was impacted by volumes at Avgol’s Russia site along with increased polypropylene prices, while strength in the replacement tires market partially offset the ongoing semiconductor shortage, resulting in a stable performance for Mobility.

Source:

Indorama Ventures Public Company Limited

10.08.2022

Launch of international in-store collection program at Mustang

Today’s system of «take – make – waste» needs to change. New textiles are produced used and discarded instead of putting them to a second use. The production of new textiles requires natural resources that are limited, and the current system has a significant negative impact on our planet. The transition to a circular system, where garments are kept in use for longer, is an opportunity to harness untapped potential around customer loyalty, economic growth, and ecological sustainability.

To move away from the linear system and enable products to be made out of post-consumer textile waste, TEXAID continues to expand its offering for in-store collection programs throughout Europe and the USA.

TEXAID is partnering with Mustang to offer an in-store collection program. At scale and paired with TEXAID, in-store collection of used clothing enables conservation of resources because it allows items to be directly sorted for their next and most environmentally friendly lifecycle. This service can now be found in over 70 Mustang stores across Germany, Austria, Belgium, Switzerland, Czech Republic, France, Hungary, the Netherlands, and Poland.

Today’s system of «take – make – waste» needs to change. New textiles are produced used and discarded instead of putting them to a second use. The production of new textiles requires natural resources that are limited, and the current system has a significant negative impact on our planet. The transition to a circular system, where garments are kept in use for longer, is an opportunity to harness untapped potential around customer loyalty, economic growth, and ecological sustainability.

To move away from the linear system and enable products to be made out of post-consumer textile waste, TEXAID continues to expand its offering for in-store collection programs throughout Europe and the USA.

TEXAID is partnering with Mustang to offer an in-store collection program. At scale and paired with TEXAID, in-store collection of used clothing enables conservation of resources because it allows items to be directly sorted for their next and most environmentally friendly lifecycle. This service can now be found in over 70 Mustang stores across Germany, Austria, Belgium, Switzerland, Czech Republic, France, Hungary, the Netherlands, and Poland.

More information:
Texaid Mustang circularity
Source:

TEXAID