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Photo: Archroma. Christoph Buser, Director of the Economic Chamber Baselland (Wirtschaftskammer Baselland), Heike van de Kerkhof, Chief Executive Officer of Archroma, and Silke Wischeropp, General Counsel of Archroma, at the ribbon cutting ceremony of the new Archroma HQ in Pratteln.
09.12.2021

Archroma moves its headquarters to Pratteln

Archroma, a global leader in specialty chemicals towards sustainable solutions, announced the relocation of its headquarters to the Haus der Wirtschaft (HDW) building in Pratteln, a satellite town of Basel, Switzerland.

The HDW building is a business hub hosting under one roof the Economic Chamber Baselland with other companies, as well as a fully-serviced conference and event center.

Archroma will focus its other site and current headquarters, located in the nearby town of Reinach, to laboratory and application development activities.

“With our new corporate headquarters in HDW, we are joining a dynamic business place”, comments Heike van de Kerkhof, CEO at Archroma. She adds: “Our Reinach site will be refocused as a ‘tech hub’ and will continue to develop leading innovations and sustainable system solutions to serve our markets. With this, we are strongly reaffirming our deep commitment to our Swiss roots and presence.”

Archroma, a global leader in specialty chemicals towards sustainable solutions, announced the relocation of its headquarters to the Haus der Wirtschaft (HDW) building in Pratteln, a satellite town of Basel, Switzerland.

The HDW building is a business hub hosting under one roof the Economic Chamber Baselland with other companies, as well as a fully-serviced conference and event center.

Archroma will focus its other site and current headquarters, located in the nearby town of Reinach, to laboratory and application development activities.

“With our new corporate headquarters in HDW, we are joining a dynamic business place”, comments Heike van de Kerkhof, CEO at Archroma. She adds: “Our Reinach site will be refocused as a ‘tech hub’ and will continue to develop leading innovations and sustainable system solutions to serve our markets. With this, we are strongly reaffirming our deep commitment to our Swiss roots and presence.”

Christoph Buser, Director of the Economic Chamber Baselland, adds: “We are very excited to welcome Archroma in the HDW offices. This successful and innovative company is an enrichment for this location, which stands for inspiration and a modern working community.”

More information:
Archroma headquarter
Source:

Archroma

© Beaulieu International Group
09.12.2021

B.I.G. Yarns: Major investments in new yarn technology

Building a strong future. B.I.G. Yarns reveals significant investment in its next-generation Polyamide (PA) technology to help global carpet tile manufacturers meet the demands of the contract market. In addition to this key investment, the company also announces its decision to become a new producer of polyester (PET) yarns for the automotive industry.

The two announcements reinforce the business’ leadership in yarn innovation and commitment to being at the forefront of supporting changing end-market needs.

B.I.G Yarns is stepping up its focus on developing and producing one-step 3Ply PA yarns using next-generation technology to answer needs for flexibility and broader design options in the carpet tile segment. Total production capacity for one-step 3Ply yarns will increase by > 20% through new lines installed at the plant in France, creating higher output and greater supply security by serving customers from all three of its global plants.

Building a strong future. B.I.G. Yarns reveals significant investment in its next-generation Polyamide (PA) technology to help global carpet tile manufacturers meet the demands of the contract market. In addition to this key investment, the company also announces its decision to become a new producer of polyester (PET) yarns for the automotive industry.

The two announcements reinforce the business’ leadership in yarn innovation and commitment to being at the forefront of supporting changing end-market needs.

B.I.G Yarns is stepping up its focus on developing and producing one-step 3Ply PA yarns using next-generation technology to answer needs for flexibility and broader design options in the carpet tile segment. Total production capacity for one-step 3Ply yarns will increase by > 20% through new lines installed at the plant in France, creating higher output and greater supply security by serving customers from all three of its global plants.

The new lines use B.I.G. Yarns’ cutting-edge PA yarn technology which expands design, contrast and colour freedoms for carpet tile manufacturers, and increases flexibility in lot sizes. These advances enable customers to respond quickly to developments in the contract market. In addition, the new technology features a higher level of automation which improves ergonomics for B.I.G. Yarns’ employees. Importantly, it also optimizes energy use which contributes in energy savings at the French site specifically. The new production lines will be deployed from mid-2022.

To enhance support for a future of more sustainable automotive interiors, B.I.G. Yarns will enter into PET yarn production for the first time and offer a portfolio of PET yarns by the third quarter of 2022. These will be available for automotive applications alongside its EqoCycle® recycled-based PA6 yarns.

Source:

Beaulieu International Group

09.12.2021

Lenzing recognized as one of the most sustainable companies worldwide

The Lenzing Group, a world-leading provider of wood-based specialty fibers, has been recognized for leadership in corporate sustainability by global environmental non-profit organization CDP, securing a place on its prestigious “A List” for tackling climate change as well as acting to protect water security and forests. Lenzing is one of 14 companies worldwide that were recognized with an outstanding triple “A” for environmental leadership in climate change, water security and forests. Through significant demonstrable action on climate, water security risks and deforestation, Lenzing is leading on corporate environmental ambition, action and transparency worldwide.

The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action. In 2021, over 590 investors with over USD 110 trillion in assets and 200 major purchasers with USD 5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. 13,000 companies responded.

The Lenzing Group, a world-leading provider of wood-based specialty fibers, has been recognized for leadership in corporate sustainability by global environmental non-profit organization CDP, securing a place on its prestigious “A List” for tackling climate change as well as acting to protect water security and forests. Lenzing is one of 14 companies worldwide that were recognized with an outstanding triple “A” for environmental leadership in climate change, water security and forests. Through significant demonstrable action on climate, water security risks and deforestation, Lenzing is leading on corporate environmental ambition, action and transparency worldwide.

The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action. In 2021, over 590 investors with over USD 110 trillion in assets and 200 major purchasers with USD 5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. 13,000 companies responded.

Source:

Lenzing AG

JEC Group announces theme for JEC World 2022 and reaffirms global leadership in composites innovation, business and networking © 2021 JEC Group
JEC World 2022
08.12.2021

JEC World 2022: 3 months to go

  • JEC Group announces theme for JEC World 2022 and reaffirms global leadership in composites innovation, business and networking

JEC World, the leading global trade show dedicated to composite materials, their manufacturing technologies and application markets, will take place in Paris from March 8-10, 2022, under the theme Composites for a Sustainable World. JEC World 2022 will be the industry’s most awaited international face to face event after the long pandemic period. Exhibition space is already 98% booked, a clear demonstration of the industry’s commitment to meet and resume business. Those unable to join in person will be able to experience the show via the JEC World Connect digital platform.

  • JEC Group announces theme for JEC World 2022 and reaffirms global leadership in composites innovation, business and networking

JEC World, the leading global trade show dedicated to composite materials, their manufacturing technologies and application markets, will take place in Paris from March 8-10, 2022, under the theme Composites for a Sustainable World. JEC World 2022 will be the industry’s most awaited international face to face event after the long pandemic period. Exhibition space is already 98% booked, a clear demonstration of the industry’s commitment to meet and resume business. Those unable to join in person will be able to experience the show via the JEC World Connect digital platform.

“We are looking forward to welcoming our exhibitors, partners and visitors back to Paris to resume business and promote innovation,” comments Thomas Lepretre, VP Events, Sales and Operations of JEC Group. “JEC World will bring the composites industry together to showcase the sustainability benefits of composite materials to a global audience, and to provide a stimulating meeting-place for the industry to pursue its sustainability ambitions by exchanging knowledge, forging collaborations, and imagining new concepts to protect our environment.”

  • JEC World a unique get-together on sustainability throughout the product lifecycle
  • JEC World a real composites “think tank”
  • JEC World 2022 will demonstrate how sustainable thinking is at the heart of the innovative designs, technologies and business models driving the development of the next generation of composites applications.

Four conferences will be held over the three days, focusing on:

• Sustainability of Raw Materials for Composites: Fueling the Circular Revolution
• Rethinking Composite Materials Production: The Path to Sustainable Manufacturing
• Design for Circular Composite Products: Turning Waste, Recycling & Reuse into Opportunities
• Applications of Composite Materials for Circularity: Towards a Net-Zero World

Innovation is in JEC World’s DNA
One of JEC World’s objective’s is to promote the composites sector’s most innovative projects. More than 600 product launches are expected to be announced over the three days of the show, which will also feature JEC’s high-regarded innovation challenges and awards ceremonies :

• The JEC Composites Innovation Awards celebrate innovative global composite projects, as well as fruitful collaborations between different players in the value chain. Over more than 15 years, the JEC Composites Innovation Awards have highlighted collaborations between some 1,900 companies and recognized 203 creative projects. The winners will be announced on March 7th during a dedicated ceremony and their successful technologies will be on display throughout the show.

• The JEC Composites Startup Booster is the leading startup competition in the world of composites. In 2022, this competition will celebrate its fifth anniversary, with a special event to be organized onsite and the launch of a new “sustainability” award. And, with 20 finalists for 2022, it will recognize innovations with the greatest potential market impact and promote them to an influential audience of decision-makers. The finalists’ innovations will be displayed at JEC World’s “Startup Village.”

• For the first time, JEC World will host the 3rd edition of the SMC BMC Design Award organized by the European Alliance for SMC BMC. This international competition recognizes and promotes design excellence in the use of SMC and BMC materials. The theme of this edition is Sustainable Living, and the award is opento design students and young design professionals (less than 3 years of experience) living in Europe.

Source:

JEC Group

New Opportunities for Cellulose Fibres in Replacing Plastics (c) nova-Institut
Nicolas Hark - nova-Institut (DE)
08.12.2021

New Opportunities for Cellulose Fibres in Replacing Plastics

  • Second Session of the International Conference on Cellulose Fibres 2022

Cellulose fibers are a true material miracle as they offer a steadily expanding, broad range of applications. Meanwhile markets are driven by technological developments and policy frameworks, especially bans and restrictions on plastics, as well as an increasing number of sustainability requirements. The  presentations will provide valuable information on the various use-opportunities for cellulosic fibers through a policy overview, a special session on sustainability, recycling and alternative feedstocks, as well as the latest developments in pulp, cellulosic fibers and yarns. In addition, examples of non-wovens, packaging and composites will offer a look beyond the horizon of conventional application fields.

  • Second Session of the International Conference on Cellulose Fibres 2022

Cellulose fibers are a true material miracle as they offer a steadily expanding, broad range of applications. Meanwhile markets are driven by technological developments and policy frameworks, especially bans and restrictions on plastics, as well as an increasing number of sustainability requirements. The  presentations will provide valuable information on the various use-opportunities for cellulosic fibers through a policy overview, a special session on sustainability, recycling and alternative feedstocks, as well as the latest developments in pulp, cellulosic fibers and yarns. In addition, examples of non-wovens, packaging and composites will offer a look beyond the horizon of conventional application fields.

The second session of the conference: "New Opportunities for Cellulose Fibres in Replacing Plastics", will focus on questions such as: "What is the impact of the ban on plastics on single-use products?" and "What are the latest regulatory issues and policy opportunities for cellulose fibres?".  This section presents new opportunities for replacing fossil-based insulating materials with cellulose-based technologies that can be used for a variety of applications, from aerospace to mobility, as well as in construction. For the program just click here.

Speakers of the Session "New Opportunities for Cellulose Fibres in Replacing Plastics":

  • Nicolas Hark - nova-Institut (DE): Opportunities in Policy for Cellulose Fibres
  • Paula Martirez - Stora Enso (SE): Last years Winner Papira® – an Eco-revolution in Foam Packaging
  • Stefanie Schlager - Lenzing (AT): LENZING™ Fibres for Sustainable Single use Products
  • Sascha Schriever - Institut für Textiltechnik der RWTH Aachen University (DE): Cellulose Aerogel Non-wovens – Sustainable Insulators of Tomorrow
(c) Hohenstein
08.12.2021

Tested Pet Supplies: Hohenstein quality label ensures animal trust

To ensure that pets are also well equipped in terms of product safety, quality and durability of their cuddly blankets, cushions or favorite toys, the textile testing service provider Hohenstein has established its quality label for tested pet supplies. After all, the number of pets in private households is growing every year, and for many of us, our animal roommates count as full members of the family and are cared for accordingly.

The label is explicitly designed for textile products such as blankets or pillows for sleeping areas, dog clothing, mats or even horse blankets. It provides consumers with clear product information on product safety, quality and durability, and also offers home/pets and their owners security against unwanted residues of chemical substances. Beyond its standard physical tests, the quality label can be flexibly extended: depending on the intended use, product properties such as chew resistance, scratch resistance, outdoor suitability, water repellence, waterproofness or air permeability play a major role in ensuring that pets feel completely comfortable.

To ensure that pets are also well equipped in terms of product safety, quality and durability of their cuddly blankets, cushions or favorite toys, the textile testing service provider Hohenstein has established its quality label for tested pet supplies. After all, the number of pets in private households is growing every year, and for many of us, our animal roommates count as full members of the family and are cared for accordingly.

The label is explicitly designed for textile products such as blankets or pillows for sleeping areas, dog clothing, mats or even horse blankets. It provides consumers with clear product information on product safety, quality and durability, and also offers home/pets and their owners security against unwanted residues of chemical substances. Beyond its standard physical tests, the quality label can be flexibly extended: depending on the intended use, product properties such as chew resistance, scratch resistance, outdoor suitability, water repellence, waterproofness or air permeability play a major role in ensuring that pets feel completely comfortable.

The Hohenstein quality label Tested Pet Supply is an independent proof of quality and joins the ranks of the existing Hohenstein quality labels.

More information:
Textilinstitut Hohenstein pets
Source:

Hohenstein

06.12.2021

Sateri has been awarded the Oeko-Tex STeP certification

Sateri’s Lyocell facility in Rizhao, Shandong Province, has been awarded the Sustainable Textile Production (STeP) certification for responsible production, making it the first Lyocell producer in China to be certified to the rigorous standards set by independent Swiss-based certification organisation OEKO-TEX®. Sateri’s Lyocell facility has also obtained the highest ranking of level three in the certification assessment scoring for exemplary implementation of best manufacturing practices.

Together with its earlier achievement of the STANDARD 100 by OEKO-TEX® certification that confirms its Lyocell fibre is free from any harmful substances and complies with European standards, Sateri’s lyocell products are qualified to carry the MADE IN GREEN by OEKO-TEX® product label. This label not only attests to Sateri’s Lyocell fibre as safe and manufactured in environmentally-friendly, socially responsible and safe facility, but also the Group’s commitment to higher levels of transparency and accountability through the product traceability feature of the label.

Sateri’s Lyocell facility in Rizhao, Shandong Province, has been awarded the Sustainable Textile Production (STeP) certification for responsible production, making it the first Lyocell producer in China to be certified to the rigorous standards set by independent Swiss-based certification organisation OEKO-TEX®. Sateri’s Lyocell facility has also obtained the highest ranking of level three in the certification assessment scoring for exemplary implementation of best manufacturing practices.

Together with its earlier achievement of the STANDARD 100 by OEKO-TEX® certification that confirms its Lyocell fibre is free from any harmful substances and complies with European standards, Sateri’s lyocell products are qualified to carry the MADE IN GREEN by OEKO-TEX® product label. This label not only attests to Sateri’s Lyocell fibre as safe and manufactured in environmentally-friendly, socially responsible and safe facility, but also the Group’s commitment to higher levels of transparency and accountability through the product traceability feature of the label.

The STeP by OEKO-TEX® certification comprises three levels describing the extent to which a company has achieved sustainable production and working conditions of factories in the textile industry. The areas of assessment include chemicals management, environmental performance, environmental management, social responsibility, quality management, as well as occupational health and safety.

Sateri’s Lyocell fiber factory in Rizhao commenced operation in May 2020, with an annual output of 20,000 tonnes of Lyocell fiber. The same site houses a 5,000 tonne Lyocell pilot production line dedicated for the development of Lyocell application technology. In March 2021, the Group announced plans to expand its Lyocell annual production capacity in China up to 500,000 tonnes by 2025.

A natural and biodegradable fibre, Sateri’s Lyocell is made from wood pulp sourced from certified and sustainable plantations. It is manufactured using closed-loop technology, requiring minimal chemical input during the production process, and utilising an organic solvent that can be almost fully (99.7%) recovered and recycled.

Sateri’s Lyocell is used to produce high quality textiles and personal hygiene materials. Using a unique high technology manufacturing process, it has outstanding dry and wet strength, high uniformity and consistency, and superior quality. It blends well with various textile fibres to create different fabric styles and characteristics for wide downstream applications.

06.12.2021

Intertextile Shanghai Home Textiles – Spring Edition returns in March 2022

The 2022 Spring Edition of Intertextile Shanghai Home Textiles is set to return to the National Exhibition and Convention Center (Shanghai) from 9 – 11 March 2022. The fair, once again held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition, Yarn Expo Spring, CHIC and PH Value, will continue to offer a one-stop trading platform for businesses during the traditional peak sourcing season of the Chinese home textile industry.

The fair provides an opportunity for suppliers to tap into the fast growing Chinese home textiles market and allows prospective buyers to meet their sourcing needs. Following the success of the 2021 edition, which attracted 18,951 trade buyers and 216 exhibitors to participate in this leading industry event, the upcoming spring fair will once more focus on finished products. Nevertheless, a wide range of items are also on offer including bedding & towelling, rugs, table & kitchen linen, home textile technologies, textile design and more.

The 2022 Spring Edition of Intertextile Shanghai Home Textiles is set to return to the National Exhibition and Convention Center (Shanghai) from 9 – 11 March 2022. The fair, once again held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition, Yarn Expo Spring, CHIC and PH Value, will continue to offer a one-stop trading platform for businesses during the traditional peak sourcing season of the Chinese home textile industry.

The fair provides an opportunity for suppliers to tap into the fast growing Chinese home textiles market and allows prospective buyers to meet their sourcing needs. Following the success of the 2021 edition, which attracted 18,951 trade buyers and 216 exhibitors to participate in this leading industry event, the upcoming spring fair will once more focus on finished products. Nevertheless, a wide range of items are also on offer including bedding & towelling, rugs, table & kitchen linen, home textile technologies, textile design and more.

The Home Textile Products for Campus & School Zone, as well as the Feather & Down Product Zone, will roll out again in the spring show after they were launched in the last edition. The Campus & School Zone was introduced to fulfil the rising market demand for domestic student bedding: “The current demand in China for student bedding is high. There are around 8 million new university students and 16 million secondary school students each year, and nearly all university students and 70% of secondary school students need bedding, equating to over 19.2 million sets needed each year,” Mr Shi Xiangyu, Department Manager at Yantai Pacific Home Fashion Co Ltd, a 2021 exhibitor, outlined.  

Helping businesses to reach their target buyers
Ms Weiqing Peng, Trade Department Supervisor of Wujiang City Yunjie Textiles Co Ltd commented on how the 2021 fair has helped them during the challenging times caused by the pandemic: “We treasure this opportunity to communicate with customers face to face. Buyers usually need to touch the fabrics in person. Many domestic companies are enthusiastic about exhibiting here, and we’ve been really busy as many new and old customers came to our booth. This fair is very popular with the whole industry supply chain.” Mr Leo Chen from Yantai Pacific Home Fashion Co Ltd also applauded the fair for helping them to “reach some big brands in China and explore more cooperation opportunities.” 

06.12.2021

Premium Group sets a strong example for the fashion industry

The Premium Group events will take place in Frankfurt am Main in the third week of January 2022, taking into account the 2G+ regulation (all participants have to be vaccinated, recovered and additionally daily tested).
 
On the basis of the current regulations of the federal government and the Hessian state government, which did not announce any further restrictions for vaccinated people last week, the fashion fairs PREMIUM and SEEK, the FASHIONTECH talks and the showcase of the new format THE GROUND will comply with the official health and hygiene regulations from 18th to January 20, 2022 in Frankfurt am Main.
 
This decision is based on the representative feedback from many protagonists of the industry, expert opinions and a close observation of the situation as well as an assessment of all measures that can be taken in Europe to ensure a safe event.

The Premium Group events will take place in Frankfurt am Main in the third week of January 2022, taking into account the 2G+ regulation (all participants have to be vaccinated, recovered and additionally daily tested).
 
On the basis of the current regulations of the federal government and the Hessian state government, which did not announce any further restrictions for vaccinated people last week, the fashion fairs PREMIUM and SEEK, the FASHIONTECH talks and the showcase of the new format THE GROUND will comply with the official health and hygiene regulations from 18th to January 20, 2022 in Frankfurt am Main.
 
This decision is based on the representative feedback from many protagonists of the industry, expert opinions and a close observation of the situation as well as an assessment of all measures that can be taken in Europe to ensure a safe event.

Four formats - one large exhibition hall
The conceptual novelty is that the PREMIUM, SEEK, THE GROUND and FASHIONTECH events will - for the first time and once - take place all together in a spacious hall, which roughly corresponds to the entire area of Station Berlin, on a total area of approx. 20,000 square meters. The resulting simplified admission management serves the safety of everyone. In this way, visitors can quickly and comfortably experience all the inspiration and concentrated brand power at once.

In addition to the security aspect, the merger of the two flagship events PREMIUM and SEEK in one large exhibition hall will bring new features, above all, in terms of content and atmosphere. Apart from an unprecedentedly strong brand portfolio, completely new synergies and energies will arise, which will make the meeting in January a unique momentum in the history of the industry.

Numerous brands have already signed-up and despite some decisions for smaller pop-up presentations, instead of large stands, the willingness to start again together and to want to send positive signals prevails! In addition to established players, many new brands also want to show their collections now.

THE GROUND - new generation, new platform
THE GROUND will give an outlook on what can be expected in summer with an exclusive press and influencer event. The Fashion Festival ‘for a young and purpose driven generation’ is an innovative platform for brands to get in direct contact with Gen Z with interactive installations, campaigns and storytelling.

At the preview event in January, 15 curated brands and key partners will present their value-based projects and products. In keynotes and panel talks, THE GROUND is dedicated to the topics most relevant to GEN Z: diversity, inclusion & sustainability.

FASHIONTECH - innovation, inspiration, content
FASHIONTECH is the content platform for fashion, technology and lifestyle. This is where decision-makers, industry insiders, communication experts and innovative minds meet to exchange experiences, discuss potential and developments, generate new leads and promote exchange between the various industries.

In addition to the core events, the Premium Group will also organize its popular evening events - due to the conditions, of course, to a slightly different extent than usual.

Source:

PREMIUM Exhibitions GmbH

03.12.2021

Heimtextil from 11 - 14 January 2022 is cancelled

Against the background of the worsening pandemic situation in Germany over the past two weeks and the associated restrictions, Heimtextil, scheduled to take place in the second week of January, is cancelled. Messe Frankfurt is working with the industry to determine whether and in what form a new offering in the summer of 2022 can be organised to run parallel to the Techtextil/Texprocess trade fair duo. Later events such as Ambiente, Christmasworld, Creativeworld, Paperworld and Frankfurt Fashion Week are still planning to take place at the present time.

Against the background of the worsening pandemic situation in Germany over the past two weeks and the associated restrictions, Heimtextil, scheduled to take place in the second week of January, is cancelled. Messe Frankfurt is working with the industry to determine whether and in what form a new offering in the summer of 2022 can be organised to run parallel to the Techtextil/Texprocess trade fair duo. Later events such as Ambiente, Christmasworld, Creativeworld, Paperworld and Frankfurt Fashion Week are still planning to take place at the present time.

Due to the unforeseeable dynamics in the development of the pandemic, the reciprocal and cumulative effects of the relevant factors, as well as the extreme escalation and deterioration of the pandemic situation in Germany within a very short period of time, including the decisions taken at the Conference of Minister Presidents on 02.12.2021, the date of Heimtextil right at the beginning of the year, in the second week of January, cannot be kept. Heimtextil, the leading international trade fair for home and contract textiles, will be cancelled. Messe Frankfurt is working closely with all industry partners to find out whether and within what framework Heimtextil can be held parallel to Techtextil and Texprocess from 21 to 24 June 2022.

Heimtextil as an international trade fair has always kicked off the spring trade fair season and is the first major international trade fair in Germany directly after Christmas and New Year with exhibitors and visitors from over 135 countries. The exponential increase in the number of infections in a very short period of time and the accompanying multitude of developments and resolutions that are clearly outside the realm of influence of the organizer have led to a significant deterioration in the general conditions and necessary requirements for holding Heimtextil as a major trade fair of international relevance at this early stage. These developments include in particular the classification of Germany as a high-risk area and the associated travel warnings, international and intercontinental travel restrictions in India, Japan, the United States and Great Britain, as well as the quarantine obligation and “2G” (only with vaccinated and recovered status) requirements without recognition of the WHO vaccine list in Germany. Equally important are the steadily rising infection figures and the accompanying urgent appeal, including by the Robert Koch Institute, to reduce contacts to a minimum and to cancel all major events.

A large number of the exhibiting and visiting companies at Heimtextil are currently reacting to this with travel and trade fair attendance bans out of an obligation of concern towards their employees to protect them from health risks. The global willingness to travel is continuing to fall rapidly.

The planning and staging of the other spring trade fairs Ambiente, Christmasworld, Creativeworld and Paperworld is not affected. Due to their later dates in the year, at the end of January and mid-February respectively, these fairs are still planning to take place at the present time. Compared to Heimtextil, which is the most international trade fair at the Frankfurt location, Frankfurt Fashion Week currently has a much lower international profile and from this perspective can therefore still take place. The extremely volatile situation is continuously reviewed and evaluated in close exchange with the relevant authorities and industry partners.

Source:

Messe Frankfurt

02.12.2021

adidas completes second share buyback program in 2021

  • More than 8 million treasury shares cancelled

adidas announced today the completion of its second share buyback program this year. Between October 18, 2021, and November 25, 2021, the company bought back 1,619,683 shares for a total amount of € 450 million, corresponding to an average purchase price per share of € 277.83. Taking into consideration the first share buyback conducted during the third quarter, adidas bought back 3,471,205 shares for a total amount of € 1 billion in 2021. Including the dividend payment of € 585 million in May, the company returned nearly € 1.6 billion to its shareholders this year.

Strong cash returns are an essential part of the company’s new strategy ‘Own the Game’. Driven by the significant top-line growth and strong bottom-line expansion, adidas will generate substantial cumulative free cash flow until 2025. The majority of this – between € 8 billion and € 9 billion – will be distributed to shareholders through regular dividend pay-outs in a range of between 30% and 50% of net income from continuing operations, complemented with share buybacks.  

  • More than 8 million treasury shares cancelled

adidas announced today the completion of its second share buyback program this year. Between October 18, 2021, and November 25, 2021, the company bought back 1,619,683 shares for a total amount of € 450 million, corresponding to an average purchase price per share of € 277.83. Taking into consideration the first share buyback conducted during the third quarter, adidas bought back 3,471,205 shares for a total amount of € 1 billion in 2021. Including the dividend payment of € 585 million in May, the company returned nearly € 1.6 billion to its shareholders this year.

Strong cash returns are an essential part of the company’s new strategy ‘Own the Game’. Driven by the significant top-line growth and strong bottom-line expansion, adidas will generate substantial cumulative free cash flow until 2025. The majority of this – between € 8 billion and € 9 billion – will be distributed to shareholders through regular dividend pay-outs in a range of between 30% and 50% of net income from continuing operations, complemented with share buybacks.  

“‘Own the Game’ is a growth and investment strategy resulting in significant value creation,” said Harm Ohlmeyer, CFO of adidas. “Dividends as well as share buybacks are key components of this. Against this background and given our positive outlook for 2022, we plan to continue our regular share buyback activities early next year. This will be complemented by returning the majority of the cash proceeds from the Reebok divestiture to our shareholders after closing of the transaction, which is expected to occur during the first quarter of 2022.”

As announced in October 2021, adidas intends to cancel the majority of the shares repurchased as part of its buyback activities. As a result, a total of 8,316,186 treasury shares have been cancelled, reducing the company’s share count and stock capital from 200,416,186 to 192,100,000.

More information:
adidas shares
Source:

adidas AG

(c) Hexcel Corporation
02.12.2021

Hexcel Partners with METYX for High Performance Carbon Pultrusion Technology

Hexcel Corporation (NYSE: HXL) is collaborating with METYX to manufacture high-performance carbon pultruded profiles made from polyurethane (PU) resin and unidirectional carbon fiber for the wind energy market.

The two companies have joined forces to develop technology that builds on Hexcel expertise in polyurethanes for the ski industry combined with its strength in providing high-performance composites to wind energy customers and expanding to other markets for composite applications. METYX is a manufacturer of high-performance NCF and woven glass and carbon, consumables, core and fabric kitting, molds, prototypes, and components for industries including wind energy, marine, automotive, rail and construction.

Hexcel Corporation (NYSE: HXL) is collaborating with METYX to manufacture high-performance carbon pultruded profiles made from polyurethane (PU) resin and unidirectional carbon fiber for the wind energy market.

The two companies have joined forces to develop technology that builds on Hexcel expertise in polyurethanes for the ski industry combined with its strength in providing high-performance composites to wind energy customers and expanding to other markets for composite applications. METYX is a manufacturer of high-performance NCF and woven glass and carbon, consumables, core and fabric kitting, molds, prototypes, and components for industries including wind energy, marine, automotive, rail and construction.

More information:
Hexcel METYX pultrusion
Source:

Hexcel Corporation

02.12.2021

NCTO President & CEO Kim Glas testified on Supporting U.S. Industry

NCTO President and CEO Kim Glas testified at a hearing on “Supporting U.S. Workers, Businesses, and the Environment in the Face of Unfair Chinese Trade Practices” before the House Ways and Means Trade Subcommittee.

In written testimony submitted to the committee, Glas outlines China’s rise to dominance of global textile and apparel production and its adverse impact on the U.S. textile industry, details ways to strengthen onshoring and nearshoring of supply chains, and provides recommendations on the critical policies needed to address these illegal trade practices and rectify inequities.

“China holds the dubious distinction of being the world’s leading purveyor of illegal trade practices that are designed to unfairly bolster a blatantly export-oriented economy,” NCTO President and CEO Kim Glas says. “These predatory practices take many forms, from macroeconomic policies that grant across-the-board advantages to their manufacturers, to industry specific programs intended to dominate global markets in targeted areas. The U.S. textile industry has been a longstanding victim of China’s predatory export practices.”

NCTO President and CEO Kim Glas testified at a hearing on “Supporting U.S. Workers, Businesses, and the Environment in the Face of Unfair Chinese Trade Practices” before the House Ways and Means Trade Subcommittee.

In written testimony submitted to the committee, Glas outlines China’s rise to dominance of global textile and apparel production and its adverse impact on the U.S. textile industry, details ways to strengthen onshoring and nearshoring of supply chains, and provides recommendations on the critical policies needed to address these illegal trade practices and rectify inequities.

“China holds the dubious distinction of being the world’s leading purveyor of illegal trade practices that are designed to unfairly bolster a blatantly export-oriented economy,” NCTO President and CEO Kim Glas says. “These predatory practices take many forms, from macroeconomic policies that grant across-the-board advantages to their manufacturers, to industry specific programs intended to dominate global markets in targeted areas. The U.S. textile industry has been a longstanding victim of China’s predatory export practices.”

“China’s virtually unlimited and unrealistic pricing power coupled with its subsidies and lack of enforceable labor and environmental standards strips benefits and undermines policy objectives throughout the U.S. free trade and preference program structure,” Glas further notes.

“A program of maximum pressure must be developed and fully enforced to reconfigure textile and apparel sourcing patterns that currently place an unhealthy and heavily weighted dependance on China,” Glas adds. “With a strong trade policy holding China accountable, the opportunities are ripe to unlock further domestic and regional investment to bolster this critical textile and apparel production chain because of the important rules of origin for this sector.  We can nearshore more production, help address the migration crisis, and assist in addressing the urgent issue of climate change and create a win-win-win for workers in the United States, workers in the region, and consumers.”

Glas outlines key policy recommendations to the committee, including:

  • Enact tax incentives and other targeted critical investments to strengthen Western Hemisphere trade relationships and re-shore manufacturing
  • Close the Section 321 De Minimis Tariff Loophole
  • Step up enforcement of forced labor of Uyghurs and others in the Xinjiang Uyghur Autonomous Region (XUAR)
  • Firmly maintain Section 301 penalty duties on China for finished textiles and apparel products
  • Immediately pass the MTB to help manufacturers with a limited list of critical inputs not made in the U.S. and review/close the mechanism in the MTB renewal which allows for finished products
  • Strengthen buy-American practices for PPE and other essential products
  • Block expansion of the Generalized System of Preferences (GSP) to include textile and apparel products
  • Use trade enforcement in free trade agreements to mitigate transshipment schemes by unscrupulous importers seeking to illegally circumvent duties
(c) AMUT/EREMA
02.12.2021

AMUT/EREMA: From PET bottles straight to food contact grade r-PET packaging

AMUT’s strategic partnership with EREMA contributes to accelerate the transition towards a greener world.  In summer 2021, EREMA in collaboration with AMUT  has finalized the installation and commissioning of ALTO packaging ́s first extrusion line for food grade PET sheets in New Zealand market. At the ALTO Plastic Packaging site, in Albany, the plant now processes 100 % washed post-
consumer flakes into 100 % food contact grade monolayer thermoforming sheet. In New Zealand, this milestone represents the first system to be installed for this special application.

The plastic packaging company ALTO, a division of PACT Group, invested for this new food grade PET sheet extrusion line as a part of Pact Group ́s vision to lead Circular Economy through Packaging in Australia and New Zealand.

AMUT’s strategic partnership with EREMA contributes to accelerate the transition towards a greener world.  In summer 2021, EREMA in collaboration with AMUT  has finalized the installation and commissioning of ALTO packaging ́s first extrusion line for food grade PET sheets in New Zealand market. At the ALTO Plastic Packaging site, in Albany, the plant now processes 100 % washed post-
consumer flakes into 100 % food contact grade monolayer thermoforming sheet. In New Zealand, this milestone represents the first system to be installed for this special application.

The plastic packaging company ALTO, a division of PACT Group, invested for this new food grade PET sheet extrusion line as a part of Pact Group ́s vision to lead Circular Economy through Packaging in Australia and New Zealand.

Thanks to the direct combination of VACUREMA® PET recycling technology and the AMUT Inline Sheet production technology there is no longer any extra process stage. This is, because the melt goes straight from the VACUREMA® 1716 T Basic to the AMUT plant without the detour of pelletising. The post-consumer PET material is already decontaminated and pre-dried prior to extrusion in the vacuum reactor of the VACUREMA® Basic, with a throughput of up to 1,500 kg per hour. After high capacity filtration by EREMA SW-RTF backflush filter and online IV measurement, the melt goes directly into the AMUT Inline Sheet plant where it is processed into thermoforming sheet from 0.15 mm till 1.2 mm thickness. The monolayer thermoforming sheet produced from pure rPET is not only 100 % food contact compliant, it also fulfils the FDA and further regulations. At ALTO it is further processed into trays and food containers.

AMUT played its part by providing a full range of downstream equipment ranging from the Automatic Tdie, three rolls stack calender with automatic gap control and motorized cross axing unit, lamination unit for welding and barrier films, thickness control gauge to anti-static silicon coating unit, fully automatic two shafts turret winder and in line edge trims grinding and recycling.

The special features of this extrusion line come from the complete automatic and easy management of the line. This is due to the new Amut`s software including the Easy Start and Easy Change functions that will allow the operator to start the extrusion line and change product formats in automatic mode.

EREMA and AMUT are long-term partners in the Inline Sheet sector. EREMA ́s VACUREMA® technology is currently in use in more than 100 Inline Sheet facilities around the world, also for PACT Group companies in Australia. 

More information:
AMUT EREMA PET plastics Recycling
Source:

EREMA Group GmbH

01.12.2021

Rieter Holding AG: Change in the Board of Directors

  • This E. Schneider will not stand for re-election at the 2022 Annual General Meeting
  • Sarah Kreienbühl and Daniel Grieder proposed for election as new members of the Board of Directors

This E. Schneider has informed the Board of Directors that, after 13 years of membership, he will not stand for re-election as a member of the Board of Directors and Vice Chairman of Rieter Holding AG at the next Annual General Meeting on April 7, 2022.

The Board of Directors of Rieter Holding AG will propose Sarah Kreienbühl and Daniel Grieder for election to the Board of Directors at the Annual General Meeting on April 7, 2022.

  • This E. Schneider will not stand for re-election at the 2022 Annual General Meeting
  • Sarah Kreienbühl and Daniel Grieder proposed for election as new members of the Board of Directors

This E. Schneider has informed the Board of Directors that, after 13 years of membership, he will not stand for re-election as a member of the Board of Directors and Vice Chairman of Rieter Holding AG at the next Annual General Meeting on April 7, 2022.

The Board of Directors of Rieter Holding AG will propose Sarah Kreienbühl and Daniel Grieder for election to the Board of Directors at the Annual General Meeting on April 7, 2022.

Sarah Kreienbühl has been a member of the Executive Board of the Federation of Migros Cooperatives since 2018 and heads among other things Human Resources and Communications of the Migros Group. Before that, she spent 14 years at Sonova as Group VP Corporate Human Resources, where she was also responsible for Corporate Communications from 2012. Sarah Kreienbühl holds both the Swiss and French citizenship and graduated from the University of Zurich with a degree in psychology. With her expertise and extensive leadership experience, she will be able to make an important contribution to Rieter’s human resources policy as a member of the Board of Directors.

Daniel Grieder has been CEO of HUGO BOSS AG, based in Metzingen (Germany), since June 2021. He has been working successfully in the textile industry for more than 35 years: initially from 1985 to 2004 as an independent entrepreneur with his own sales agency, which worked for Tommy Hilfiger from 1997. He joined Tommy Hilfiger directly in 2004 and took on additional roles for PVH from 2010 to 2020. He most recently held the positions of Global CEO Tommy Hilfiger and CEO PVH Europe. Daniel Grieder is a Swiss citizen and studied at the Zurich School of Economics and Business Administration.

Source:

Rieter Holding AG

01.12.2021

Aeon Debuts First-Ever Clothing In Pure White Celliant

  • CELLIANT®, Hologenix’s flagship product, makes impact in pure white color

 
Aeon, the largest retailer in Asia, is introducing “Recovery Wear,” called TOPVALU SELECT CELLIANT – undershirts – using the first-ever CELLIANT® fibers from Hologenix that are pure white in color.  It will be available in about 350 stores throughout Japan and at Aeon’s official online store, Aeon Style Online.  Aeon is expecting sales of TOPVALU SELECT CELLIANT to increase substantially by 2025.
 
TOPVALU SELECT CELLIANT offers the benefits of CELLIANT, a responsive textile that captures and converts body heat into infrared, with the pure white color Aeon customers have requested.
 
Many men prefer to wear white undershirts under their business shirts in Japan. In response to such demands, AEON planned and developed the pure white CELLIANT undershirt for the first time.  TOPVALU SELECT CELLIANT is registered as a general medical device in Japan.

  • CELLIANT®, Hologenix’s flagship product, makes impact in pure white color

 
Aeon, the largest retailer in Asia, is introducing “Recovery Wear,” called TOPVALU SELECT CELLIANT – undershirts – using the first-ever CELLIANT® fibers from Hologenix that are pure white in color.  It will be available in about 350 stores throughout Japan and at Aeon’s official online store, Aeon Style Online.  Aeon is expecting sales of TOPVALU SELECT CELLIANT to increase substantially by 2025.
 
TOPVALU SELECT CELLIANT offers the benefits of CELLIANT, a responsive textile that captures and converts body heat into infrared, with the pure white color Aeon customers have requested.
 
Many men prefer to wear white undershirts under their business shirts in Japan. In response to such demands, AEON planned and developed the pure white CELLIANT undershirt for the first time.  TOPVALU SELECT CELLIANT is registered as a general medical device in Japan.
CELLIANT mineral-infused fabrics have been shown to help regulate body temperature and improve local circulation in healthy individuals for faster recovery, better sleep and stronger performance during the day.
 
“We are very excited by the introduction of the first-ever CELLIANT product in pure white,” said Seth Casden, Hologenix Co-Founder and CEO. “Achieving this pure white color took a lot of dedicated effort from our global research team and we commend Aeon for being the first to introduce it to the consumer market.”

More information:
Aeon Celliant Hologenix
Source:

Celliant

 Radici: Mehr Nachhaltigkeit auf der Piste (c) RadiciGroup
Die RadiciGroup und DKB präsentieren den ersten „zirkulären“ Skianzug
01.12.2021

Radici: The sustainability our mountains deserve

  • RadiciGroup and DKB introduce the first “circular” ski suit
  • A garment made of yarn obtained from recycled materials and designed with end-of-life recyclability in mind, without compromising style, design and technical performance.
  • RadiciGroup Ski Club athletes will be the first ambassadors of this sustainability project

The first truly sustainable ski suit, featuring Italian style and design and a zero-kilometre supply chain, is finally here. Two Bergamo companies of excellence played the leading roles in the conception and realization of this highly innovative fashion-sport garment: RadiciGroup, a world leading producer of chemical intermediates, polyamide polymers, high-performance engineering polymers and advanced textile solutions, and DKB, a company specializing in technical sportswear with the same brand name.

  • RadiciGroup and DKB introduce the first “circular” ski suit
  • A garment made of yarn obtained from recycled materials and designed with end-of-life recyclability in mind, without compromising style, design and technical performance.
  • RadiciGroup Ski Club athletes will be the first ambassadors of this sustainability project

The first truly sustainable ski suit, featuring Italian style and design and a zero-kilometre supply chain, is finally here. Two Bergamo companies of excellence played the leading roles in the conception and realization of this highly innovative fashion-sport garment: RadiciGroup, a world leading producer of chemical intermediates, polyamide polymers, high-performance engineering polymers and advanced textile solutions, and DKB, a company specializing in technical sportswear with the same brand name.

The ski suit, consisting of jacket and trousers, is fashioned with a fabric made of RENYCLE, a RadiciGroup yarn obtained from mechanically recycled polyamide (nylon), which affords notable savings in energy and water consumption, as well as lower CO2 emissions. In addition, the suit’s padding and numerous accessories, such as zippers, Velcro, buttons and thread, are also made of polyamide.

This achievement was made possible by the great teamwork of RadiciGroup and DKB on the research and development of chemically compatible materials that can be used in special applications requiring high technical performance. The end result is an almost mono-material garment that significantly facilitates end-of-life recycling. It can be more easily converted into polymers for use in the manufacture of ski boot components and bindings, in addition to applications in the automotive and furnishing industries, or in any other sector requiring the characteristics of high performance polyamides.

The ski suit by RadiciGroup is thus an all-round application of ecodesign and circular economy principles to fashion and garment making, which justifies the claim “Una sostenibilità all’altezza delle nostre montagne” [Sustainability worthy of our mountains] written in a logo patch on the inside of the jacket.

“I am particularly proud of this achievement, a synthesis of my passion and effort,” said Angelo Radici, president of RadiciGroup. “I’ve always loved mountaineering and skiing, and, together with my collaborators, I work hard at our company day in and day out to find innovative solutions that improve the sustainability of our industry. This ski suit is concrete proof of the fact that textiles and apparel can be made sustainable without compromising on comfort, design, looks or performance. I will never get tired of repeating that collaboration among the firms along the production chain is crucial to manufacturing goods with an ecodesign approach, considering their end-of-life recyclability and, thus, potentially giving them unlimited durability. Upstream producers, like us, gladly share our know-how in materials chemistry and experience in recycling with our downstream partners, so that, together, we can find sustainable and viable solutions in the various sectors where we operate.”

Source:

RadiciGroup

RGE Gives Sustainable Fashion a Boost with New Partnerships in Singapore (c) RGE Group
From Left to Right: Tey Wei Lin, President of RGE, Sim Ann, Senior Minister of State for Foreign Affairs and National Development, Low Yen Ling, Minister of State for Trade & Industry and Culture, Community and Youth, and Wilson Teo, President of TaFF after signing of strategic partnership between TaFF and RGE to advocate sustainable industry practices within Singapore and the region, through programme implementation, research, and education
01.12.2021

RGE Gives Sustainable Fashion a Boost

  • RGE has formalised two new partnerships in Singapore to advance sustainable fashion.

The first is a three-year strategic partnership with the Textile & Fashion Federation (TaFF) to advocate sustainable industry practices within Singapore and the region, through programme implementation, research, and education. The second is a five-year research collaboration with Nanyang Technological University, Singapore (NTU Singapore) on innovation in textile recycling technology.

The partnership with TaFF on its fashion sustainability programme was officially launched today. Through industry talent development and capacity building, raising corporate and consumer awareness, and innovation promotion, TaFF seeks to galvanise the fashion ecosystem towards redefining sustainable fashion.

  • RGE has formalised two new partnerships in Singapore to advance sustainable fashion.

The first is a three-year strategic partnership with the Textile & Fashion Federation (TaFF) to advocate sustainable industry practices within Singapore and the region, through programme implementation, research, and education. The second is a five-year research collaboration with Nanyang Technological University, Singapore (NTU Singapore) on innovation in textile recycling technology.

The partnership with TaFF on its fashion sustainability programme was officially launched today. Through industry talent development and capacity building, raising corporate and consumer awareness, and innovation promotion, TaFF seeks to galvanise the fashion ecosystem towards redefining sustainable fashion.

Wilson Teo, President of TaFF, said, “Our strategic partnership with RGE marks a step forward for TaFF to expand our sustainability ecosystem throughout the fashion value chain, from materials, manufacturing, brands and technology to solutions. We have set up a Steering Committee that spans across the value chain, as a model for the industry. Together with our collaborators, we will continue to equip enterprises in the journey of sustainability. We will also work with communities to build awareness in responsible consumption and recycling.”

RGE has committed to provide nearly S$3 million funding over three years to support TaFF’s fashion sustainability programme. In addition, RGE’s Vice Chairman Bey Soo Khiang joins the programme’s Steering Committee as its Vice Chairperson.

Tey Wei Lin, President of RGE, said, “As a Singapore-based company and the world’s largest viscose producer, our business is well-positioned to support the country’s desire to advance sustainable development and to create a green economy. Our collaboration with TaFF and NTU is an investment of financial and other resources to create meaningful impact, not just within Singapore but also in the region. As part of our US$200 million investment commitment into next-generation textile fibre innovation and technology, we seek to work with innovators, industry partners, research institutions and academia to scale up solutions that will deliver cleaner and more circular cellulosic textile fibre to the masses at affordable prices.”

The launch of TaFF’s fashion sustainability programme follows the roll-out of the Enterprise Sustainability Programme (ESP) by Enterprise Singapore on 1 October 2021, which supports enterprises in their sustainability initiatives and helps them capture new opportunities in the green economy.

“Industry partnerships are pertinent to uplift capabilities of enterprises. We are very encouraged by TaFF’s efforts to drive sustainability in the textile and fashion sector as trade associations and chambers play a key role in strengthening sector-specific capabilities,” said Alan Yeo, Director of Retail & Design at Enterprise Singapore. “Collaborations with corporate partners such as RGE will also help accelerate this process. This is a good start and we hope to eventually see more companies across all sectors start to integrate sustainability alongside their growth.”

The launch event was graced by Minister of State for Trade and Industry Low Yen Ling, TaFF’s patron and Senior Minister of State for National Development and Foreign Affairs Sim Ann, CEO of Enterprise Singapore Png Cheong Boon, as well senior representatives from TaFF and RGE.

The official launch of the research collaboration with NTU is expected to take place next year. A key desired outcome from the collaboration is to complement RGE’s pilot urban-fit textile recycling plant in Singapore.

(c) PCMC
01.12.2021

PCMC announces new Packaging Innovation Center

Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, is pleased to announce the opening of a new Packaging Innovation Center, located at its headquarters in Green Bay. The multi-purpose space is more than 4,700 square feet and will serve as a hub for demonstrations, training, education, industry trials, and research and development.

The Packaging Innovation Center will be the home of a Fusion C flexographic press, Hudson-Sharp’s Ares 400-SUP stand-up pouch machine, a Meridian Elite laser anilox cleaner, an ELS-MAX inline press and the ION digital printing platform. These machines will be available for demonstrations, as well as for hands-on learning and training opportunities. The state-of-the-art center also features industry-leading tools and supplies for anilox sleeves, plate-mounting, color-proofing, plate and print inspection, sleeve-cleaning, and plate sleeves and tapes.

Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, is pleased to announce the opening of a new Packaging Innovation Center, located at its headquarters in Green Bay. The multi-purpose space is more than 4,700 square feet and will serve as a hub for demonstrations, training, education, industry trials, and research and development.

The Packaging Innovation Center will be the home of a Fusion C flexographic press, Hudson-Sharp’s Ares 400-SUP stand-up pouch machine, a Meridian Elite laser anilox cleaner, an ELS-MAX inline press and the ION digital printing platform. These machines will be available for demonstrations, as well as for hands-on learning and training opportunities. The state-of-the-art center also features industry-leading tools and supplies for anilox sleeves, plate-mounting, color-proofing, plate and print inspection, sleeve-cleaning, and plate sleeves and tapes.

“We’re excited to be able to welcome printing and converting customers into our facility to experience our innovations firsthand,” said Rodney Pennings, PCMC’s Director of Sales–Printing, Coating and Laminating. “Our new Packaging Innovation Center is a vision that we’ve had for several years, and it’s rewarding to see it finally be completed.”

Source:

PCMC / Barry-Wehmiller

30.11.2021

Lenzing Managing Board proposes dividend of EUR 4.35

The Managing Board of Lenzing AG, a leading manufacturer of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting a dividend of EUR 4.35 for the 2021 financial year. This dividend proposal reflects the suspended dividends from 2019 and 2020.

The total dividend payout to shareholders will amount to about EUR 115,492,500, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 09, 2022 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 26, 2022.

The Annual Report of the Lenzing AG for the 2021 financial year will be published on March 10, 2022.

The Managing Board of Lenzing AG, a leading manufacturer of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting a dividend of EUR 4.35 for the 2021 financial year. This dividend proposal reflects the suspended dividends from 2019 and 2020.

The total dividend payout to shareholders will amount to about EUR 115,492,500, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 09, 2022 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 26, 2022.

The Annual Report of the Lenzing AG for the 2021 financial year will be published on March 10, 2022.

More information:
Lenzing AG dividend
Source:

Lenzing AG