From the Sector

The National Council of Textile Organizations (NCTO), spanning the entire spectrum of U.S. textiles from fiber to finished sewn products, issued a statement today commending the House Armed Services Committee (HASC) for passing the Fiscal Year 2026 National Defense Authorization Act (NDAA), which contains a provision that could boost domestic textile industry sales to the U.S. military. 

The House NDAA bill, which authorizes funding levels and provides authorities for the U.S. military, includes a provision that would eliminate a statutory exemption under the Berry Amendment that acts as a loophole allowing the U.S. military to buy textiles abroad instead of from American textile manufacturers as long as the purchase is at or below a small purchase threshold of $150,000.

The NDAA also includes language from the Better Outfitting Our Troops (BOOTS) Act, a bill that NCTO has pushed for as part of a broader coalition. The provision requires the Secretary of Defense to issue regulations within two years that prohibit any member of the Armed Forces from wearing optional combat boots as part of a required uniform unless those boots are made in the United States with American-made components, with a few exceptions.

“We applaud the HASC for passing the FY 2026 NDAA and including provisions that would help boost domestic manufacturing, strengthen American economic competitiveness, and meet the mission-critical needs of our Armed Forces,” said NCTO President and CEO Kim Glas.

“We are sincerely appreciative of the leadership of Congressman Don Davis (D-NC) and Congressman Pat Harrigan (R-NC), who led efforts to close the Berry Amendment loophole and co-sponsored the amendment to the NDAA.

“The Berry Amendment requires the Department of Defense (DOD) to purchase 100% U.S.-made textiles and clothing. But the small-purchase exemption in the statute has led to U.S. military purchases of foreign-made textile articles largely at the expense of American textile manufacturers who have potentially lost several million dollars per year in U.S. government sales.

“Eliminating this exemption will lead to the military procurement of more American-made military textile products as well as oversight of Berry Amendment compliance.  

“Lastly, we also applaud the inclusion of the BOOTS Act in the NDAA, which will support domestic military footwear production. 

“This is a win for the American textile and apparel industry, a key strategic contributor to our national defense that supplies over 8,000 products a year to our men and women in uniform. The industry provides high-tech, functional components for the U.S. government, including more than $1.8 billion worth of vital uniforms and equipment for our armed forces annually.

“It is vital to America’s national security that the U.S. military maintain the ability to source high-quality, innovative textile materials, apparel, and personal equipment from a vibrant American textile industrial base. After passage of the FY 2026 NDAA by the full House, we look forward to working with the Senate and House to ensure this provision is included in the final NDAA conference report.”

EDANA’s Innovation Forum 2025, held on 11–12 June in Station F, Paris, brought together a vibrant cross-section of industry leaders, researchers, startups and innovation experts to explore the dynamic evolution of the nonwovens sector. With a rich two-day agenda that combined high-level keynote addresses, thematic sessions, research showcases and networking events, the Forum served as a hub for ideation, collaboration and inspiration around the sector’s most urgent challenges and exciting opportunities. 
 
“Innovation is a key factor to stay competitive — but more than that, it’s the foundation for resilience and long-term relevance. By embedding sustainability, digitalization and collaboration into the core of our innovation culture, we’re not just keeping pace with change — we’re shaping the future of our industry.” said EDANA General Manager Murat Dogru in his opening address. 
 
Speakers explored how textile waste can become high-value products, how fibrelevel modelling replaces costly prototyping, and how AI enables more autonomous and sustainable manufacturing. “Nonwovens are robust and can tolerate stress. This gives an opportunity in the recycling textile to tackle the textile tsunami.” - Maria Ström, CEO of The Loop Factory. 
 
The Forum also welcomed nature-powered innovations set to transform the fibre landscape. “What if we made fibres from agricultural waste? Natural fibres are extraordinary, and we wouldn’t even have to use the leaves that are grown, but the ones already on the ground and that are now considered waste.” - Dr. Carmen Hijosa, Founder & Creative Director of Ananas Anam. 
 
The afternoon turned its spotlight on research institutes from across Europe, examining how their strategic priorities align with industry needs. “It is crucial that people in the nonwovens industry understand what’s going on on the other side of the fence and to understand what R&D people are doing”, said Matthew Tipper, CEO of Nonwovens Innovation & Research Institute (NIRI). “We need collaboration between the real needs of the industry and research institutes.” 
 
Towards the end of the first day, the EDANA Innovation Forum featured a workshop on capturing serendipity. “Not all progress is planned”, said Dieter Eichinger, CEO & Founder of Eichinger. “Some of the most transformative ideas are born from surprises, and we need to make space for it to imagine the imaginable”. 
 
The first day ended with a cocktail dinner aboard the Excellence, gliding through the heart of Paris on the River Seine, admiring the beauty of the City of Light and its stunning views of the Eiffel Tower. 
 
Day two began with a provocative and practical keynote on AI as a creative partner in product development. “AI doesn’t replace creativity,” said Oliver Breucker, CoCEO & AI Consultant at Roover Consulting. “It amplifies it. It clears space for us to think bigger, iterate faster, and design better — with the customer always at the centre.” 
 
Moreover, sustainable innovation is no longer confined to early-stage R&D. From fibre-based packaging to carbon-zero superabsorbents, speakers showcased products ready to hit the market, each with compelling environmental and commercial benefits. “It’s not about choosing between performance and sustainability anymore,” said Alexandros Skouras, Director of Hygiene Sector at Paptic. “The next generation of materials offers both.” 
 
The forum also invited Walter Johnsen, Venture Science Associate at Marble Studio, who offered a strategic lens on how deep-tech entrepreneurship can fast-track climate progress. In addition, four startups took the stage to showcase how they’re transforming diapers, textiles, fashion and chemical processes. “Innovation is not about making things slightly better,” said Miki Agrawal of Hiro Technologies. “It’s about asking: what if we start completely differently and solve the root problem instead of patching the old one?” 
 
To end the second day, Maxime Guillaud, CEO of INSKIP, mapped out how startups and ecosystems are evolving — and what the nonwovens industry can learn from other sectors. “Innovation doesn’t just come from technology — it comes from how we organise people and capital around ideas,” said Maxime. “That’s where ecosystems matter.” The event concluded with a guided visit to Station F, the world’s largest startup campus, reinforcing the importance of ecosystems in scaling transformative ideas. 
 
EDANA extended its heartfelt thanks to all speakers, moderators, partners and participants whose energy and insight made the Forum such a success. The connections made in Paris will continue to drive meaningful progress in the months and years ahead! 

Jonni Friman, EVP, Transformation Management Office and a member of the Executive Management Team has decided to leave Suominen to pursue new opportunities outside the company.

“I want to extend my heartfelt thanks to Jonni for his exceptional leadership of the Transformation Management Office (TMO). As planned, the TMO will now be dissolved, with its responsibilities seamlessly integrated into various functions to maintain our strategic focus and ensure a smooth transition,” says Tommi Björnman, President & CEO.

Following this change, the composition of Suominen’s Executive Management Team will be as of August 1, 2025:

• Tommi Björnman, President & CEO
• Janne Silonsaari, CFO
• Darryl Fournier, COO
• Markku Koivisto, EVP, EMEA & CTO
• Mark Ushpol, EVP, Americas
• Minna Rouru, Chief People and Communications Officer

Infinited Fiber Company announces that Petri Alava, co-founder and CEO since the company’s founding in 2016, will step down from his role on May 31, 2025. Chief Operating Officer Sahil Kaushik will serve as acting CEO from June 1, 2025. Petri Alava will continue supporting the company as Senior Advisor through the end of November. The Board of Directors has initiated the search for a permanent successor.

While circularity and sustainability remain essential, competitiveness is now front and center in the next phase of Infinited Fiber’s industrial scale-up. The company’s strategy is evolving accordingly, with an intensified focus on operational excellence and readiness for large-scale industrial investment.

“Our product has been validated by the market — the value is now established,” said Andreas Tallberg, Chairman of the Board of Directors. “The next strategic priority is to turn that value into profitable industrial scale, by optimizing cost and capital efficiency. We’re grateful for the work Petri and the team have done and excited to begin the next chapter — with Sahil, who brings deep experience in scaling industrial production and driving efficiency in the chemical industry, now leading the transition.”

“Infinna is a breakthrough innovation that’s more relevant than ever,” said Kaushik. “It’s a privilege to lead this talented team, together with world-leading brands supporting us as investors. We have a clear path forward and a solid foundation for the next phase.”

Over the past decade, Petri Alava has played a central role in shaping Infinited Fiber into a global front-runner in textile-to-textile recycling of cotton. Under his leadership, the company’s circular fiber Infinna™ has achieved strong market traction, backed by long-term offtake agreements with leading fashion brands, underscoring Infinna’s unique value and laying the groundwork for scaling a profitable business.

“Ten years is a long time to lead a growth company — and a natural point for change,” said Petri Alava. “I’m incredibly proud of the journey we’ve made as a team: we’ve built something truly valuable — a recycled cotton-like fiber with exceptional market fit, proven demand, and long-term partnerships. Now, with market dynamics shifting and Infinited Fiber entering a new strategic phase, it’s the right time to pass the baton — from creating value to scaling it. I’m happy to support the team during the transition.”

Under the theme “Ensuring a Transformed World Prosperity – Action for Planet with Innovation and Collaboration,” APIC 2025 promoted the petrochemical industry’s role in driving growth and building a sustainable future amid fundamental structural shifts in the sector, which aligns with Indorama Ventures’ brand promise to deliver indispensable chemistry through sustainable solutions.
Indorama Ventures joined some 1,500 delegates from across the globe to discuss sustainability, innovation, and industry cooperation. Ahead of the event, the company’s Combined PET segment, the world’s largest producer and recycler of PET bottles, hosted a reception for about 200 customers, suppliers and partners, including a traditional Thai puppet performance and an interactive VR experience of Indorama Ventures’ 360 Gallery.

Indorama Ventures Public Company Limited, a global sustainable chemical producer, reinforced its leadership in shaping the future of the petrochemical industry at the Asia Petrochemical Industry Conference (APIC) 2025, held this year in Bangkok.

Mr. Aloke Lohia, Group CEO of Indorama Ventures, emphasized that collaboration across the value chain is critical to building long-term resilience and relevance in a shifting global landscape:
“Our global diversity gives us the agility to meet change with confidence and to remain dependable no matter the environment. It is this quiet strength that makes us a partner you can rely on, for today and for what lies ahead. The future of our industry won’t be written in isolation. It will be shaped, once again, through collaboration. Through shared purpose. Through indispensable chemistry.”

Driving Sustainability Through Innovation
At a APIC 2025 panel discussion titled “Reimagining Petrochemicals”, Dr. Anthony Watanabe, Chief Sustainability Officer, explored how the industry must move beyond incremental change by adopting systemic innovation, improving sourcing transparency, and accelerating climate-positive technologies.
Complementing this vision, Dr. Tinnabhop Santadkha, Sustainability Innovation Specialist, delivered a keynote on “Indorama Ventures’ Alternative Feedstocks.” He outlined how the company is investing in bio-based materials, chemical recycling, and alternative feedstocks to reduce emissions and enable a circular economy at scale.

Scaling Impact at the Grassroots Level
In a session focused on circular economy ecosystems, Ms. Naweensuda Krabuanrat, Head of Global CSR, Global Recycling Education and Thai Advocacy, spotlighted the company’s work in building community-based PET collection systems and driving education through public-private collaboration. Her presentation underscored a key takeaway: that systems-level change requires both infrastructure and behavior change. The company’s recycling infrastructure and public-private partnerships are contributing to a more sustainable value.

The 12th annual North American Nonwovens Supply Report, released today by INDA, the Association of the Nonwoven Fabrics Industry, reveals continued growth and strategic transformation within the North American nonwovens industry.

For the second consecutive year, North American capacity continued to increase by over 100,000 tonnes, reaching 5.730 million tonnes in 2024, according to the report based on producer surveys and interviews.

Investments across all processing methods and diverse end-use sectors drove this expansion, according to the INDA findings. Production output continues to shift and slowed in 2024. The larger machine installations coming online promise future efficiency and capacity improvements.

The noteworthy trend is the installation of several new production lines, primarily in long-life sectors. This shift underscores the industry’s proactive efforts to achieve sustainability goals and reduce environmental impact.

Report Based on Producer Input
The annual INDA report delivers data to support industry growth and strategic planning, offering a detailed analysis of capacity, production, operating rates, and regional trade across North America, including Canada, Mexico, and the United States.

Driven by extensive research, including producer surveys and in-depth interviews with industry leaders, the report provides a comprehensive picture of the nonwoven materials landscape, covering composites, roll and finished goods.

“As part of INDA’s role to be the industry’s trusted data source, this report offers valuable insights for benchmarking, strategic planning, and decision-making,” said Tony Fragnito, INDA President and CEO. “This year’s findings highlight a resilient industry expanding capacity with ongoing investments across all regions and sectors, a strategic shift toward sustainable, long-life products, and a commitment to innovation and meeting rising demand across North America.”

The entire report is provided free of charge to producers who provided information. The Executive Summary from the annual Supply Reports, the quarterly INDA Market Pulse, and the monthly Price Trends Summary are provided to INDA members on a complimentary basis as part of their membership. The data gathered for this annual report is a springboard for the biennial Global Nonwoven Markets Report, published in November 2024.

Nearly one year after announcing its intention to explore strategic alternatives for its nylon fibers business, INVISTA announced it made the decision to hold the business following a thorough marketing process.  

The decision was shared in a message to all employees from INVISTA president and CEO, Brook Vickery, and EVP of Downstream Nylon Fibers, Jeff Kugele, in early April.  

“While there was significant interest in the business, we reached the conclusion that INVISTA can create the most long-term value for the company by retaining ownership, and we are excited about the future potential of the business,” Vickery said.  

The marketing process focused on INVISTA’s nylon fiber portfolio, which includes airbag and industrial fibers, the CORDURA® businesses, and five supporting global manufacturing locations: Seaford, Delaware; Martinsville, Virginia; Kingston, Canada; Gloucester, UK; and Qingpu, China.

Ontex Group NV, a leading international developer and producer of personal care products, announces that it has completed the divestment of its Brazilian business activities to Softys S.A., a personal hygiene company with operations across Latin America and a wholly-owned subsidiary of Empresas CMPC S.A., headquartered in Chile.

The transaction includes Ontex’s business in Brazil and its manufacturing facility in Senador Canedo in the State of Goiás. The business develops, manufactures, commercializes and distributes diapers and pants for the baby care market under the PomPom, Cremer, Sapeka and Turma da Mônica brands, as well as for the adult care market under the Bigfral brand. It employs approximately 1,400 employees.

Gustavo Calvo Paz, CEO of Ontex, said: “Reaching this milestone allows us to focus further on our retailer brands and healthcare in Europe and North America, where we have significant growth drivers for the future. Moreover, the proceeds from the sale will further reduce our indebtedness, putting us in an even stronger position to further execute our transformation. I am convinced that Softys is well placed to take the business forward, enabled by the talent and expertise of our teams.“

Aggregate net cash proceeds received at closing, net of cash/debt disposed, are €81 million, after the impact of tax-related and transaction costs, hedging expenses, as well as provisional balance sheet adjustments. On top of this amount, €18 million* will be put in escrow at closing.  The divestment proceeds will be used to reduce Ontex’s outstanding gross financial debt further.

Increasingly weaker demand from key sales markets over the course of 2024 is slowing SGL Carbon's sales and earnings growth. Group sales in 2024 amounted to €1,026.4 million, down slightly by 5.8% on the prior-year level (2023: €1,089.1 million). The group's adjusted EBITDA decreased by 3.3% to €162.9 million (2023: €168.4 million).

Despite the slight decline in sales, the adjusted EBITDA margin improved from 15.5 % in the previous year to 15.9 % in 2024. This is mainly due to positive price and product mix effects.

Declining demand from the key semiconductor and automotive markets, coupled with persistently unsatisfactory demand from the wind industry, led to a decrease in volume and sales in three of four business units. Only Process Technology was able to improve its sales and adjusted EBITDA.

Earnings performance in the past fiscal year was strongly affected by non-recurring items of minus €118.5 million (2006: minus €52.9 million). These mainly included the impairment of assets of the Carbon Fibers business unit totaling €91.2 million (previous year: €44.7 million) and expenses from restructuring measures in the Carbon Fibers and Battery Solutions business lines totaling €19.0 million. After deducting one-off effects and non-recurring items as well as depreciation and amortization of €58.7 million (2023: €58.9 million), EBIT amounted to minus €14.3 million in 2024 (2023: €56.6 million).

Taking into account the financial result of minus €32.6 million (2023: minus €34.2 million) and tax expenses of €32.5 million (2023: €19.3 million), SGL Carbon recorded a net loss of €80.3 million (2023: net profit of €41.0 million) despite the solid overall business performance.

In 2024, the Carbon Fibers (CF) business unit's sales continued to decline, decreasing by 6.7% to €209.8 million (2023: €224.9 million). The decline was due in particularly to the continued low demand from the wind industry and the increasing competitive headwind resulting from global overcapacity for textile and carbon fibers.

Adjusted EBITDA in the Carbon Fibers business unit decreased by €18.2 million year-on-year to minus €11.0 million (2023: €7.2 million). The lack of fixed cost absorption led to high idle capacity costs and combined with declining margins for our fiber products, had a negative impact on adjusted EBITDA. It should be noted that the Carbon Fibers business unit included the result of the equity accounted activities (mainly the joint venture Brembo SGL Carbon Ceramic Brakes, BSCCB) in the amount of €15.8 million (2023: €18.3 million). Excluding the contribution from the equity-accounted BSCCB, the adjusted EBITDA of Carbon Fibers would amount to minus €27.0 million (2023: minus €10.9 million).

In February 2025, as part of the review of all strategic options for the Carbon Fibers, a decision was made to extensively restructure the Carbon Fibers business unit, which also includes the closure of unprofitable business activities. A complete sale of the Carbon Fibers activities was reviewed and is currently not considered feasible.

In the reporting period, sales in the Composite Solutions (CS) business unit amounted to €124.6 million, down 19.0% (2023: €153.9 million). The decline was due in particular to the premature expiration of a significant project-related supply contract with an automotive customer.

As a result of lower volumes and product mix effects, CS's adjusted EBITDA decreased by €4.0 million or 18.0% year on year to €18.2 million (2023: €22.2 million). It should be noted that the adjusted EBITDA includes a compensation payment of €3.0 million for a prematurely terminated customer contract. The adjusted EBITDA margin remained almost constant at 14.6% compared to the previous year (2023: 14.4%).

Forecast
For the year 2025, SGL Carbon expects different but overall challenging developments in their key sales markets. For the semiconductor industry and in particular for silicon carbide-based semiconductors, the demand is expected to remain moderate. The main reasons are lower than originally forecast growth rates for electric vehicles and continued high inventories at our customers site. At the earliest, demand could pick up in the second half of 2025. The company also expects a high degree of uncertainty combined with lower momentum for the automotive market segment.

The forecast for the current fiscal year 2025 takes into account all four operating business units, as they are still in the early stages of restructuring our Carbon Fibers business. Based on their assumptions regarding the development of the key sales markets, the managers expect consolidated sales for fiscal year 2025, including all business units, to be slightly below the previous year (2024: €1,026.4 million).

Taking into account all four operating business units, an adjusted EBITDA in 2025 is expected to range between €130 million and €150 million. Furthermore, the assumption is that the free cash flow at the end of the 2025 financial year - excluding payments for the planned restructuring of the CF - will be below the previous year's level but still positive (2024: €38.7 million).

Restructuring Carbon Fibers
On February 18, 2025, the Board of Management of SGL Carbon announced a restructuring of the loss-making CF business unit. This includes a significant reduction of CF's business activities and a focus on a profitable core. SGL Carbon's group sales guidance for 2025 excluding the expected sales contribution from CF would be approximately €200 million lower. On the other hand, the adjusted EBITDA for the remaining businesses excluding the operating adjusted EBITDA of CF would be between 155 – 175 million €.

“In the coming months, our work will focus on restructuring the carbon Fibers business unit and safeguarding our profitability. This includes focusing on new sales opportunities to further utilize our production capacities and strict cost management. The major trends such as digitization, climate-friendly transportation and renewable energy sources remain intact and are the drivers for our key sales markets. SGL Carbon will benefit from these trends and the associated growth opportunities in the medium and long term,” explains Andreas Klein, CEO of SGL Carbon SE.

Ahead of the Annual Geneal Meeting of listed company Lenzing AG to be held on April 17, 2025, the Nomination Committee has revised the future composition of the Supervisory Board. Cord Prinzhorn, the current Supervisory Board Chairman is stepping down from the Supervisory Board with the end of his mandate, to focus on his existing and new engagements within B&C Group going forward.

Patrick Lackenbucher, Managing Director of B&C Group, has been nominated for election as a new member of the Supervisory Board, and is designated to take over the role of Chairman of the Supervisory Board on an interim basis. Mr. Lackenbucher has supported the company throughout various key strategic and financial projects over the past 15 years.

Designated Supervisory Board Chairman Patrick Lackenbucher sees the company well positioned for the future: “Both long-term core shareholders, B&C and Suzano, have a strong commitment to the enhancement of Lenzing’s competitiveness as a global market leader in sustainable cellulosic fibers. The company is addressing the continued competitive market environment with a holistic set of measures, that are already yielding positive results and will be pursued further consequently. Profitability is vital for Lenzing to sustain in the face of global competition over the long-term and to further invest in new products and markets. I am looking forward to working together collaboratively with the entire Lenzing Managing Board and Supervisory Board.”

Rohit Aggarwal, CEO of Lenzing AG comments: “Cord Prinzhorn has accompanied Lenzing with great confidence through the difficult environment over the past years and has played a key role in initiating revenue and cost initiatives, which have shown first positive effects in recent quarters leading to revenue, margin and cash flow enhancement for the company. On behalf of the entire Managing Board, I would like to thank him for the excellent collaboration, and I look forward to our future collaboration with the designated Chairman Patrick Lackenbucher, who brings many years of experience and extensive knowledge with Lenzing to the table.”

Besides Patrick Lackenbucher, Leonardo Grimaldi is proposed to be newly elected to the Supervisory Board. Mr. Grimaldi is Executive Vice President and Management Board member of Lenzing’s core shareholder Suzano S/A and will assume the Supervisory Bord mandate from Marcelo Bacci, who has left Suzano. He is an expert in the global pulp market and, among others, also acts as Supervisory Board Chairman at Brazilian port operator Portocel as well as a Supervisory Board member at Veracel Celulose S/A.

Cord Prinzhorn comments: “After four years on the Supervisory Board of Lenzing AG, my current mandate is coming to an end, and I will now concentrate on other existing and new engagements going forward. During my time as Supervisory Board Chairman we have managed to successfully complete important strategic investment projects in Brazil, Thailand and China, to reduce costs as well as financial debt, and at the same time to expand Lenzing’s position in this challenging market environment. I would like to thank not only the members of the Supervisory Board and the Managing Board but also, and above all, the employees of Lenzing, who have made a significant contribution to the success of these strategic projects.”

Cord Prinzhorn will remain Supervisory Board Chairman until the conclusion of the 81st Annual General Meeting on April 17, 2025. The election of Patrick Lackenbucher as Supervisory Board Chairman is planned for the constituting Supervisory Board meeting on the same day directly after the Annual General Meeting.