From the Sector

International technology group ANDRITZ has supplied and commissioned a reXline tearing system for Buitex, Semin Group, located in Cours, France. The new production line enables the company to expand textile waste recycling for sustainable insulation production.

Founded in 1895, Buitex is a French manufacturer of high-performance recycled products. As a pioneer in circular economy practices, Buitex transforms textile waste into high-performance insulation and comfort products. Since joining the Semin Group in 2023, the company has operated a 20,000 m² production site equipped with six production lines and has become one of Europe’s major players in the circular economy.

This second ANDRITZ tearing line at Buitex increases the company’s recycling capacity while maintaining high fiber purity, thanks to an advanced hard-point removal system. The latest-generation cyclone technology further improves disruptor sorting, enhancing overall efficiency. The system can process up to an additional 2.5 tons of fiber per hour, enabling the production of recycled fibers for applications such as bedding, construction, and automotive insulation.

"It is crucial for us to make the building insulation industry more sustainable by giving new life to post-consumer clothes that would otherwise be incinerated or end up in landfills. The European market has abundant raw materials and a strong demand for sustainable insulation products. With this new line, ANDRITZ enables us to significantly enhance our recycling capabilities,” says Adam Adamowicz, CEO of Buitex.

Order intake was significantly higher than in the previous year at CHF 725.5 million (2023: CHF 541.8 million), representing an increase of 34%. This was the fourth consecutive quarter of year-on-year growth. An initial market recovery was visible compared with the previous year. As expected, the Rieter Group closed financial year 2024 with lower sales of CHF 859.1 million (2023: CHF 1 418.6 million) and thus remained 39% below the prior year. Despite significantly lower sales, an operating result (EBIT) of CHF 28.0 million (2023: CHF 104.8 million) and thus a solid EBIT margin of 3.3% (2023: 7.4%) was achieved.

Sales by division
The Machines & Systems Division posted sales of CHF 424.9 million, a decrease of 56% compared with the previous year (2023: CHF 965.0 million). In the Components Division, sales declined to CHF 247.6 million, down 7% from the same period of the previous year (2023: CHF 266.2 million). The After Sales Division reported sales of CHF 186.6 million, comparable to the previous year (2023: CHF 187.4 million).

Order backlog
At the end of 2024, the company had an order backlog of about CHF 530 million (December 31, 2023: CHF 650 million).

EBIT, net profit and free cash flow
Profit at the EBIT level in the year under review was CHF 28.0 million (2023: CHF 104.8 million), which represents an EBIT margin of 3.3% (2023: 7.4%). Despite significantly lower sales, a solid EBIT margin was achieved. This is mainly due to the consistent implementation of the measures set out in the “Next Level” performance program. Rieter closed the 2024 financial year with a net profit of CHF 10.4 million (2023: CHF 74.0 million).

Free cash flow amounted to CHF 14.1 million (2023: CHF 118.7 million). Net debt increased due to new lease liabilities in connection with the Campus in Winterthur to CHF 230.3 million (2023: CHF 191.2 million).

The equity ratio as of December 31, 2024, rose to 33.7%, mainly due to positive currency effects and lower net working capital (previous year’s reporting date 28.8%).

Dividend
The Board of Directors proposes to shareholders the distribution of a dividend of CHF 2.00 per share for 2024 based on the positive free cash flow of CHF 14.1 million and the improved equity ratio of 33.7%. This corresponds to a payout ratio of 85.8%.

Sustainability
Rieter has a clearly defined sustainability strategy that is closely linked to the Group strategy. Through the Science Based Targets initiative, Rieter made a commitment in 2024 to define company-wide emission reduction targets for the year 2040, which are consistent with scientifically-based net-zero goals.In the 2024 Annual Report, the report on non-financial matters shows the progress Rieter has made in the areas of environmental, social and corporate governance.

Outlook 2025
Rieter expects a challenging first half in 2025 with regard to sales volume and a stronger second half-year depending on the further market recovery. As a consequence, Rieter anticipates a sales volume at the previous year’s level for the full year 2025. Despite this exceptionally low sales level, Rieter anticipates a positive EBIT margin between 0% to 4% for the year 2025.

Beaulieu Fibres International is exhibiting its next-generation sustainable fibre solutions for high performance nonwovens in various industries at IDEA25 in Miami Beach end of April.

“IDEA25 is at the intersection of nonwoven materials and sustainability, with a focus on innovation and research to address environmental challenges and new opportunities. With our Sustainable Fibres Program, we offer low carbon, recyclable and circular solutions where performance and sustainability go hand in hand, bringing value in co-design and TCO performance,” said Maria Teresa Tomaselli, General Manager, Beaulieu Fibres International.

Self-reinforced PP fibres for fully recyclable automotive composites
The company will be presenting its comprehensive range of polypropylene (PP) bonding fibres designed for thermoplastic lightweight composites and automotive interior fabrics. These fibres assist car manufacturers and OEMs in meeting stringent performance, cost-efficiency, and sustainability standards. Beaulieu’s PP fibres are engineered to enhance the mechanical, thermal, and functional properties of composites while reducing vehicle weight.

Fibres for high performance liquid and air filtration
Beaulieu has set new performance standards for the fast-growing air and liquid filtration industry rolling out its full range of MONO and BICO fine-medium count fibres, as an outcome of its investment into R&D efforts to promote staple fibres in the field of high efficiency filtration.

In addition to its existing portfolio of PP fibres for liquid filtration, compliant with FDA and European food contact regulations, Beaulieu is launching a new bicomponent fibre range in PET/PE, PP/PE for high loft filtration media and fine count mono PP fibres for tribo-electric charged air filter media.

The fine count mono fibres are customized according to the line specifics of the nonwoven producer and guarantee up to 20% higher filtration efficiencies for nonwovens in combination with state-of-the-art acrylic counter fibre compared to standard PP fibres used in this application. Typical applications are air handling units in larger buildings and residential furnaces.

Premium outdoor PP fibres for resilient, weather-resistant crop protection solutions
Engineered for superior mechanical strength and resistance to environmental stress factors, these fibres enhance durability in needle-punched fabrics, ensuring long-lasting protection in the field. Their advanced UV stabilization prevents degradation from prolonged sun exposure, extending the lifespan of crop covers, while their hydrophobic properties repel water, reducing moisture-related damage and maintaining breathability.

Ultrabond, design for recycling
Discover UltraBond innovative bonding staple fibres that replace the need for chemical binders. They open a path to create 100% polypropylene (PP) needlepunched fabrics which meet the same performance requirements as traditional constructions, while reducing end-of-life environmental impact.

The 100% polyolefin-based needlepunched fabrics are fully recyclable, reducing waste generation and creating high value PP recycled products as new materials. Furthermore, the sustainable fabrics are produced with an improved Total Cost of Ownership and with a significant ecological footprint reduction.

Beaulieu strengthening its position in the hygiene market
With a full portfolio already serving the hygiene sector, Beaulieu is focusing on next-generation speciality bicomponent solutions designed to enhance softness, processability, and sustainability in absorbent hygiene products.

Hypersoft fibres are specifically engineered for topsheet applications in direct contact with the skin: 25% improvement in softness compared to standard reference fibres while maintaining optimal processability has been achieved.

Meralux is a bicomponent trilobal fibre that improves nonwoven materials by providing better opacity, comfort, and absorption. It also promotes sustainability by saving raw materials and reducing carbon emissions by up to 60%.

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.

Haelixa, a pioneer in traceability with DNA markers, appoints Nina Marenzi to its Advisory Board. With her experience leading the Future Fabrics Expo and connecting brands with innovators throughout the textile supply chain, Marenzi will offer strategic guidance to further Haelixa’s mission of building brand trust across the textile industry.

Nina Marenzi established The Sustainable Angle, a non-profit organisation, 2010 to minimise the fashion industry's environmental footprint. In 2011, she established the Future Fabrics Expo, a global platform showcasing innovative, lower-impact materials to drive sustainability in fashion. With her Master’s in Sustainable Agriculture and Rural Development from Imperial College, London, and the 15 years heading The Sustainable Angle and its Future Fabrics Expo, Marenzi has been instrumental in connecting brands with responsibly produced materials, advocating for transparency, and educating the industry on sustainable sourcing.

"We are pleased to welcome Nina to Haelixa’s Advisory Board,” stated Haelixa’s CEO, Patrick Strumpf. “As supply chain due diligence becomes a bigger concern, her insights will support our efforts to empower brands with reliable solutions, ensuring brand trust."

Starlinger & Co GmbH puts the focus on its technologies for sustainable and efficient polypropylene tape production as well as food-safe recycled PET and polyolefins at Chinaplas this year.

With a maximum melting capacity of 1000 kg per hour and production speeds of up to 550 meters per minute, Starlinger’s starEX 1600 tape extrusion line unites high efficiency with resource-saving state-of-the-art design. It produces top-quality PP or HDPE/LLDPE tapes for high-performance packaging applications for dry bulk goods such as woven PP sacks or big bags. Specially developed and worldwide unique machine components such as the eqoSTRETCH stretching and annealing system ensure energy-saving production and uniform tape characteristics, while the eqoCLEAN filter system enables the processing of high shares of recycled polypropylene for producing more sustainable woven PP packaging.

“We have gathered decades of expertise both in woven plastic packaging production as well as in plastics recycling,” said Harald Neumüller, Chief Sales Officer at Starlinger. “By combining this know-how, we have developed technology that helps packaging manufacturers to establish closed packaging loops and make plastic packaging circular.” Starlinger has already realised lighthouse projects with customers in the FIBC sector, proposing a closed-loop economy for big bags made from rPP and rPET. “We consider used plastics as a resource, not waste,” Neumüller continued. “This is the only way to get a grip on the increasing amount of plastic waste worldwide. By collecting used plastics and reprocessing it we protect our environment, conserve natural resources, and at the same time save money that would need to be spent for waste treatment facilities and environment clean-ups.”

Precision to the core
With its high-speed winding technology, the twinTAPE+ automatic precision winder is Starlinger’s top-scale tape winder model. It ensures that the produced PP tapes from the starEX tape extrusion line are wound into perfect packages that improve productivity and fabric quality on the looms. The bevelled bobbin edges avoid that tapes come off during doffing, transport and handling and increase loom efficiency during weaving. The automatic bobbin change procedure of twinTAPE winders reduces operator work significantly, and the patented linear traverse system features an infinitely variable stroke, allowing a wide variety of bobbin designs. As the winder does not need lubrication, maintenance work is reduced to cleaning, which saves significant amounts of operator time.

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, is preparing for a new era of growth under its IVL 2.0 strategy as it outlined a new approach to partnering with major industry peers, positioning the company to capitalize on significant expansion and consolidation opportunities unlocked by fundamental shifts in global chemical markets.

At the company’s annual Capital Markets Day in Bangkok, Mr. Aloke Lohia, Group CEO of Indorama Ventures, outlined the significant potential for Indorama Ventures—now revitalizing itself under its 3-year IVL 2.0 optimization plan—to resume its growth journey as it pivots towards a future that is being re-shaped by macroeconomic forces such as China’s push for self-sufficiency in manufacturing, the uneven impact of Peak Oil across East and West, and India’s rapid economic expansion. A few days ago, on 26 February, the company posted improved full-year 2024 EBITDA as its focused management executed their plan to transform the business through decisive ‘self-help’ actions amid one of the most severe industry downturns in recent years.

Mr. Lohia told an audience of analysts and investors, “Today, Indorama Ventures is a fitter company than we were when we announced our IVL 2.0 strategy a year ago, and we are now able to compete with the best. Our plan is designed not only to help us re-tool and re-skill to navigate the current downturn—which is expected to persist—but also to restore our historical growth trajectory. As an innately entrepreneurial family business with global scale and deep expertise, we have always been able to take advantage of change to grow our unmatched model and generate increasing shareholder returns. I am excited by new opportunities to substantially expand our business as our industry undergoes seismic, generational shifts and consequently unlocks fresh growth potential.”

IVL 2.0 Progress
At the event, senior executives provided updates on their measures under IVL 2.0 to fortify the business against prevailing market headwinds and set a new course for enhanced, sustainable earnings growth. In a year of alignment, mobilization and launch, all segments recorded improved performances in 2024 as they took concerted management steps to refine their organizations, optimize assets, and transform their business processes through modern data-led toolsets and digital enterprise systems.

Still, in light of continued industry pressures, the company fell short on its deleveraging and cash conversion targets in 2024 and has determined that further management actions are necessary to sustain progress toward the company's objectives, building on the significant measures already taken.

Strategic Growth Plan
Indorama Ventures, as a mature company with more than three decades of successful growth, is fundamentally changing its approach to generating increasing returns as it prepares a next generation of leaders to operate in a vastly different environment. In a departure from the company’s previous M&A-led model, Mr. Lohia outlined several expansion projects currently in the pipeline, all involving complementary strategic partnerships with major industry peers. This new growth approach aims to leverage Indorama Ventures’ unmatched organization, platform, processes, and systems—revitalized under IVL 2.0 and the company’s “indispensable chemistry” brand—to consolidate dominant positions and grow scale in attractive growth markets, including India.

In February, the company bought a minority stake of ~24.9% of EPL Limited, an Indian specialty packaging company and the largest global manufacturer of laminated tubes. The transformation that Indorama Ventures is undertaking under IVL 2.0 provides a critical springboard enabling the new partnerships-led growth model, Mr. Lohia explained.

In addition, Indorama Ventures is planning spin-offs of its Indovinya downstream chemicals segment and its Indovida packaging unit—as flagged a year ago—to enable them to achieve their potential as independent high-growth businesses.

The Jakob Müller Group (JMG), a global leader in narrow fabric machinery, is pushing forward with the implementation of its JMG 2030 strategy. This strategy aims to solidify the company's market leadership, respond more agilely to the dynamic industry landscape, and align even more closely with customer needs. The current measures focus specifically on the company's core competencies and include, among other things, simplified corporate structures, adjustments and expansions of the product portfolio, a new acquisition, and targeted customer initiatives. With this, JMG strengthens its position in the market and lays the foundation for sustainable growth for the long-standing Swiss company.

The Swiss industrial landscape is changing – as is the global textile machinery industry, for which JMG manufactures machines and system solutions. As part of its JMG 2030 strategy, the world's leading machine manufacturer has now presented a series of measures designed to secure its market leadership and enable long-term growth.

JMG is investing specifically in strengthening customer focus and modernizing both its product portfolio and global internal processes. This includes the creation of innovative customer collaboration platforms, the expansion of the product portfolio in the volume segment, the optimization of the service offering, as well as the simplification of corporate and management structures.

Focus on core competencies and operational excellence
As part of its strategic realignment, JMG will increasingly focus on its core segments of Weaving, Label Production Systems, Warp Crochet Knitting, as well as Dyeing and Finishing. At the same time, the Winding & Making-up and Warping Systems segments at the JMG site in Schwelm, Germany, will be discontinued, with essential technologies and products being transferred to other areas. In addition, the Finishing segment will be relocated from Kadan, Czech Republic, to JMG’s sister company Benninger in Pune, India. These measures will lead to structural adjustments at the locations in Germany and the Czech Republic, where production will be gradually reduced.

"Even though these decisions were not easy for us, they are necessary to secure the future viability of the Jakob Müller Group. Our resources must be specifically directed where we see the greatest growth potential," says owner Stephan Bühler. Andreas Conzelmann, CEO of JMG, adds: "By focusing on our core segments, we are strengthening our innovative power and competitiveness – and ensuring that we can continue to offer our customers the best solutions in the future."

Unifying JMG’s brand identity and strengthening the global market position
COMEZ, the leading manufacturer of crochet and warp knitting machines in Italy, will be fully integrated into JMG and will operate under the name Jakob Müller Italy in the future. With investments in research and development – including the acquisition of MEI International, a renowned Italian manufacturer of label weaving machines – JMG will drive next-generation solutions and expand its product portfolio to include innovative air-jet technology. Further information regarding the acquisition of MEI will be provided in a separate announcement.

New Customer Center and Lab1887
Creating outstanding customer experiences is at the heart of the JMG 2030 strategy. The strategic investments in innovation and operational excellence enable JMG to offer state-of-the-art solutions, faster turnaround times, and an enhanced customer experience. A key element of this customer-centric approach is the opening of the new Customer Center and of the LAB1887 in Frick, Switzerland, in late summer 2025. This innovation factory serves as a development center where customers, together with JMG, can explore new technologies and develop novel applications for narrow fabrics.

The partnership between Filo and C.L.A.S.S., the international eco-hub founded by Giusy Bettoni, is renewed once again .
 
At the 63rd edition of Filo, “Sustainability from A to Z” — the service created by Filo in collaboration with C.L.A.S.S. and aimed at companies that want to navigate the complex world of sustainability — chooses to focus its showcase on the concept of responsible innovation and the means to expand its knowledge through technical insights, case histories, and direct testimonies. The ultimate goal, shared by Filo and C.L.A.S.S., is to support the industry and the market in making conscious choices that align with the evolving market landscape. In this regard, the proposals that C.L.A.S.S. brings to Filo as part of “Sustainability from A to Z” are closely linked to the debates and discussions taking place in the “Dialoghi di Confronto”, since they provide an additional opportunity for further insight.
 
In the space dedicated to C.L.A.S.S. at the 63rd edition of Filo, projects and solutions implemented by organizations and companies selected by C.L.A.S.S. will be showcased. This season, the focus will be on “green chemistry” and the role of “advanced” natural fibers, particularly in relation to cotton and linen. For the two fibers, companies have often adopted comprehensive innovation strategies, leading to what we define as “advanced” productions, where traceability processes have become an essential requirement.
 
In the C.L.A.S.S. space at Filo63, Cotton is represented by Supima®, a high-quality cotton grown in the United States, accounting for less than 1% of global cotton production. What makes it special compared to other types of cotton is its extra-long staple, which provides superior strength, softness, and long-lasting colour retention. To ensure the authenticity and traceability of its cotton, Supima® has introduced the AQRe™ Project (Authenticated Quality and Responsible Engagement). This cutting-edge system replaces the previous licensing program, offering a blockchain-based digital platform in collaboration with TextileGenesis™, allowing real-time monitoring of the entire supply chain. Additionally, Supima® partners with Oritain™ to conduct forensic testing, verifying the cotton’s origin at every stage of production. This advanced combination of technologies guarantees that every product bearing the SUPIMA® brand is made from high-quality American-grown cotton, meeting the market’s increasing demand for transparency and sustainability.
 
Regarding Linen, the Alliance for European Flax-Linen & Hemp will be present, the European agro-industrial organization that brings together all actors in the European Flax and Hemp supply chain starting from its fields origin.  2025 is the year of acceleration its sustainable transformation trajectory from the field to the finished product. New developments to be seen:  

• Evolution of its Flax- Linen certifications  
• Launch of a new digital Flax-Linen traceability platform: Flax-Linen traceability platform. European Certified fibres to Retaildeveloped in cooperation with   TextileGenesis - Lectra and set to launch in May 2025. This innovative blockchain-based digital tool enables tracking at every stage of production, ensuring authenticity and full transparency throughout the entire supply chain
• Publication of datasets and development of a specific B2B tool for calculating environmental footprint
• Scientific validation of the functional properties of Flax-Linen
• New Flax-Linen & Hemp sourcing platform for innovative materials and textile & technical solutions

At the C.L.A.S.S. space an Italian story about “green chemistry” will showcase featuring REVECOL® by ERCA Textile Chemical Solutions. REVECOL ® is a revolutionary 100% Made in Italy innovation that utilizes critical waste materials, such as exhausted vegetable cooking oil, transforming it into a next-generation line of safe, certified, high-performance, and competitive chemical auxiliaries designed for the entire textile industry. This unique approach allows for a CO₂ emissions reduction of up to 72% compared to traditional chemistry, setting a new industry standard. The range includes 18 auxiliaries certified according to GRS, RCS, ZDHC, bluesign®, and GOTS, ensuring high performance with a reduced environmental impact. REVECOL® is the missing certified end-to-end element that can drive sustainability, circularity, and performance in the fashion creation process, meeting the needs of a market increasingly focused on traceability and environmental responsibility.
 
Throughout Filo63, the C.L.A.S.S. team will be available to explore these innovations in depth with companies and professionals eager to gain insight into the three pioneering realities redefining sustainability, traceability, and innovation in the textile sector.

A celebration of timeless design powered by ISKO’s SS26 denim fabrics made from recycled materials.

ISKO is proud to collaborate with BLANCHE for the launch of KOKORO, the brand’s Spring/Summer 2025 collection. Rooted in sustainability, KOKORO embodies BLANCHE’s commitment to timeless design and conscious fashion, with ISKO’s innovative denim at its core.

As a leading denim producer, ISKO is dedicated to redefining the future of fashion through innovative and responsible textile solutions with its fashion-first approach that complements sustainability, emphasising that sustainability need not compromise style. The KOKORO collection – where all denim is crafted using ISKO fabrics – exemplifies this commitment. Thanks to ISKO’s premium recycled denim, the collection maintains high-end quality while significantly reducing its environmental footprint, resulting in beautifully crafted fashion pieces.

“Real change in fashion happens when innovation meets integrity and purpose. Our collaboration
with BLANCHE shows that responsibility and great design are not opposing forces – they
strengthen each other. This is the future of denim: responsible, resilient, and ready to inspire.”
– Keith O’Brien, Senior Global Marketing & PR Manager at ISKO.

The KOKORO collection will be available online and in stores from February 2025.