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Photo: Riri
16.12.2022

Oerlikon to Acquire Riri

  • Building Leadership Position in Luxury Market

Oerlikon announced that it has signed a definitive agreement to acquire Riri, a leading provider of coated metal accessories for the luxury fashion industry. This transaction marks a milestone in Oerlikon’s growth strategy and diversifies Surface Solutions’ offerings and market access. The transaction is expected to close in the first quarter 2023, subject to regulatory approvals and standard closing conditions.

“Riri is highly complementary to our existing luxury business and will reinforce our fashion jewelry and metallic components for leather goods. It is the ideal next step after our acquisition of Coeurdor in 2021 and will make us a market leader and an integrated provider with a complete offering of coated luxury metalware for high-end fashion brands,” said Michael Suess, Executive Chairman, Oerlikon. “The acquisition will drive cross-selling and strengthen our footprint in the global luxury metalware market, which sees mid- to-high single-digit growth rates annually.”

  • Building Leadership Position in Luxury Market

Oerlikon announced that it has signed a definitive agreement to acquire Riri, a leading provider of coated metal accessories for the luxury fashion industry. This transaction marks a milestone in Oerlikon’s growth strategy and diversifies Surface Solutions’ offerings and market access. The transaction is expected to close in the first quarter 2023, subject to regulatory approvals and standard closing conditions.

“Riri is highly complementary to our existing luxury business and will reinforce our fashion jewelry and metallic components for leather goods. It is the ideal next step after our acquisition of Coeurdor in 2021 and will make us a market leader and an integrated provider with a complete offering of coated luxury metalware for high-end fashion brands,” said Michael Suess, Executive Chairman, Oerlikon. “The acquisition will drive cross-selling and strengthen our footprint in the global luxury metalware market, which sees mid- to-high single-digit growth rates annually.”

“Our portfolio, particularly in zippers and buttons, is an excellent fit to Oerlikon’s strengths in coated metal-based fashion components. Together, we are ideally positioned in Italy and France – the two major European fashion hubs – and can provide a complete offering to fashion customers,” said Renato Usoni, CEO, Riri. “We are excited to join Oerlikon as it will allow us to accelerate the luxury goods industry’s sustainability transition to greener technology by applying technologies such as Oerlikon’s PVD1.”

Riri, headquartered in Mendrisio, Switzerland, is a market leader in metal accessories manufacturing, with a wide product range and unique offering. The company supplies global leading brands in the luxury fashion industry and has a strong foothold in the Italian luxury market. The company has more than 1 100 employees and expects to generate sales of EUR ~170 million (CHF ~165 million) in 2022.

1 PVD, or physical vapor deposition, coating is a thin-film coating solution that is more environmentally friendly than traditional processes such as chrome plating.

 

Source:

Menabo for Riri

Photo: Alexander Donka
08.12.2022

Lenzing and Renewcell sign large-scale supply agreement

The Lenzing Group, a leading supplier of sustainably produced specialty fibers, and Renewcell, the Swedish textile-to-textile recycling pioneer, have signed a multi-year supply agreement to accelerate the transition of the textile industry from a linear to a circular business model. The agreement contains the sale of 80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile Circulose® dissolving pulp to Lenzing over a five-year period, for use in the production of cellulosic fibers for fashion and other textile applications.

“The textile industry must change. By signing the agreement with Swedish textile-to-textile recycling company Renewcell, Lenzing is able to further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know that moving towards a circular economy is vital to address the enormous textile waste challenges of the industry”, says Christian Skilich, Chief Pulp Officer of the Lenzing Group.

The Lenzing Group, a leading supplier of sustainably produced specialty fibers, and Renewcell, the Swedish textile-to-textile recycling pioneer, have signed a multi-year supply agreement to accelerate the transition of the textile industry from a linear to a circular business model. The agreement contains the sale of 80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile Circulose® dissolving pulp to Lenzing over a five-year period, for use in the production of cellulosic fibers for fashion and other textile applications.

“The textile industry must change. By signing the agreement with Swedish textile-to-textile recycling company Renewcell, Lenzing is able to further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know that moving towards a circular economy is vital to address the enormous textile waste challenges of the industry”, says Christian Skilich, Chief Pulp Officer of the Lenzing Group.

“Lenzing is a major player in our industry, with an inspiring track record of path-breaking technical excellence and sustainability leadership. Our new partnership fits perfectly into Renewcell’s strategy to accelerate the scale-up of circular materials by collaborating with fashion’s most important players. We are more than pleased to join forces with Lenzing with the shared goal of making fashion circular.” said Patrik Lundström, CEO of Renewcell, in a comment on the agreement.

Canopy, a not-for-profit environmental organization dedicated to protecting forests, species, and climate, welcomes the agreement between Lenzing and Renewcell.
“Accelerating the transition to low-impact, circular production is the challenge of the decade for the fashion industry. That is why this partnership between Renewcell and Lenzing is so refreshing – it will bring low-carbon Next Gen solutions to market at scale,” exclaimed Nicole Rycroft, Executive Director of Canopy. “With the climate and biodiversity clocks ticking, the race to circularity is one we need all companies to win.”
 
It is an essential part of Lenzing’s corporate strategy and ambitious sustainability targets to become a true champion of circularity and to offer TENCEL™ and LENZING™ ECOVERO™ branded specialty textile fibers with up to 50 percent post-consumer recycled content on a commercial scale by 2025. To reach this goal Lenzing partners with recycling pioneers like Renewcell.
Circulose® originates 100 per cent from textile waste, like old jeans and production scraps, and turns into dissolving pulp. It transforms textile waste and production scrap into new high-quality textile products.

Source:

Lenzing AG / Renewxell

02.12.2022

Lenzing tops Canopy’s “Hot Button Ranking” 2022

  • Lenzing again recognized for sustainable sourcing, innovation and transparency
  • Lenzing achieves the highest category for the third time already

The Lenzing Group achieved first place in the “Hot Button Ranking” of the Canadian non-profit organization Canopy, thus confirming its leading role in the areas of sustainability and responsible wood and pulp sourcing. Lenzing can also once again celebrate a dark green shirt, synonymous with the highest category.

In this ranking, which receives a lot of attention in the textile and apparel industry, Canopy evaluates the world’s 34 largest producers of cellulosic fibers in terms of their sustainable wood and pulp sourcing, their efforts with regard to the use of alternative raw materials and their achievements in the protection of ancient and endangered forests. Resource preservation is a key element of Lenzing’s corporate strategy and at the core of its innovation agenda. The sustainable production of TENCEL™, VEOCEL™ and LENZING™ ECOVERO™branded specialty fibers is based on these principles.

  • Lenzing again recognized for sustainable sourcing, innovation and transparency
  • Lenzing achieves the highest category for the third time already

The Lenzing Group achieved first place in the “Hot Button Ranking” of the Canadian non-profit organization Canopy, thus confirming its leading role in the areas of sustainability and responsible wood and pulp sourcing. Lenzing can also once again celebrate a dark green shirt, synonymous with the highest category.

In this ranking, which receives a lot of attention in the textile and apparel industry, Canopy evaluates the world’s 34 largest producers of cellulosic fibers in terms of their sustainable wood and pulp sourcing, their efforts with regard to the use of alternative raw materials and their achievements in the protection of ancient and endangered forests. Resource preservation is a key element of Lenzing’s corporate strategy and at the core of its innovation agenda. The sustainable production of TENCEL™, VEOCEL™ and LENZING™ ECOVERO™branded specialty fibers is based on these principles.

Promoting the circular economy
With its REFIBRA™ and Eco Cycle technologies, Lenzing offers solutions for transforming the textile and nonwovens industries towards a circular economy. In line with its vision for the circular economy, “We give waste a new life. Every day.” Lenzing is driving the industry toward a full circular economy by striving to give waste a new life in all aspects of its core business and developing circular solutions together with potential partners inside and outside the current value chain. A milestone on this path is the cooperation with the Swedish pulp producer Södra. The two global market leaders, who have been proactively promoting the circular economy in the fashion industry for many years, are joining forces to give the topic a further boost and make a decisive contribution to solving the global textile waste problem by making fibers from post-consumer textiles.

Today, Lenzing offers lyocell fibers made from 30 percent recycled cotton waste. The company aims to launch lyocell, modal and viscose staple fibers with up to 50 percent recycled post-consumer content on a commercial scale by 2025 and to develop a new circular business model by closing the loops for post-consumer waste. By 2025, the company plans to enter into further partnerships with 25 key supply chain companies.

Source:

Lenzing AG

02.12.2022

Indorama Ventures signs ESG-Linked Revolving Credit Facility

Indorama Ventures Public Company Limited (IVL) has signed an ESG-Linked Revolving Credit Facility of €275 million with six syndicate banks, a further boost to the company’s long-standing commitment to sustainability-led corporate financing.

Tied to IVL’s ESG risk rating, the revolving credit facility’s pricing mechanism results in margin adjustments related to management score improvements across the Material ESG Issues as defined by independent sustainability and corporate governance research firms. The facility is available to IVL subsidiaries in Europe for two-years with the option to extend for one more year.

Indorama Ventures Public Company Limited (IVL) has signed an ESG-Linked Revolving Credit Facility of €275 million with six syndicate banks, a further boost to the company’s long-standing commitment to sustainability-led corporate financing.

Tied to IVL’s ESG risk rating, the revolving credit facility’s pricing mechanism results in margin adjustments related to management score improvements across the Material ESG Issues as defined by independent sustainability and corporate governance research firms. The facility is available to IVL subsidiaries in Europe for two-years with the option to extend for one more year.

The facility is part of IVL’s corporate financing strategy across a range of instruments linked to the company’s ESG and sustainability commitments. In November 2021, the company issued a THB 10 billion triple-tranche Sustainability-Linked Bond (SLB), the largest SLB issued in Thailand. IVL is on track to achieve its 2025 ESG goals. More ambitious 2030 targets include a 30% reduction in Scope 1 & 2 combined greenhouse gas (GHG) intensity, 15% reduction in energy intensity, 25% use of renewable electricity, 20% reduction in water intensity, 90% diversion of waste from landfill, recycle 1.5 million tons in PET bale input annually.

 

 

Source:

Indorama Ventures Public Company Limited

15.11.2022

Renewcell and Eastman collaborate to develop textile-to-textile recycled yarns

The Swedish textile-to-textile recycling company Renewcell has signed a Letter of Intent with Eastman, a leading US cellulosic acetate fiber producer, for a collaboration to develop Naia™ Renew ES yarns sourced from Circulose®, Renewcell’s 100% recycled textile raw material. The agreement is Renewcell’s first with a US-based fiber producer and an important step in developing the first acetate-based applications to use Circulose® feedstock.

”Eastman considering Circulose® as a feedstock in the production of a premium yarn like Naia™ Renew reflects very well on the Renewcell team’s ability to work with partners to adjust and optimize our product for new fiber applications. This agreement signals an acceleration of our joint efforts to bring Naia™ Renew ES yarns derived from Circulose® to market. I look forward to working alongside Eastman in making fashion circular.” comments Patrik Lundström, CEO of Renewcell.

The Swedish textile-to-textile recycling company Renewcell has signed a Letter of Intent with Eastman, a leading US cellulosic acetate fiber producer, for a collaboration to develop Naia™ Renew ES yarns sourced from Circulose®, Renewcell’s 100% recycled textile raw material. The agreement is Renewcell’s first with a US-based fiber producer and an important step in developing the first acetate-based applications to use Circulose® feedstock.

”Eastman considering Circulose® as a feedstock in the production of a premium yarn like Naia™ Renew reflects very well on the Renewcell team’s ability to work with partners to adjust and optimize our product for new fiber applications. This agreement signals an acceleration of our joint efforts to bring Naia™ Renew ES yarns derived from Circulose® to market. I look forward to working alongside Eastman in making fashion circular.” comments Patrik Lundström, CEO of Renewcell.

Ruth Farell, GM of Eastman Textiles says: ”we are thrilled to collaborate with a pioneeer such as Renewcell to lower our reliance on virgin feedstocks, redefine the essence of textile waste and close the loop within the textiles industry. This collaboration is at the heart of our strategy to launch a portfolio of products with increased recycled content”

08.11.2022

Ascend buys majority stake in recycler Circular Polymers

Ascend Performance Materials has purchased a majority stake in California-based Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). The deal provides Ascend with a consistent supply of high-quality PCR materials for its ReDefyne™ sustainable polyamides, launched at K 2022.

Circular Polymers, which as part of the deal is renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet via a unique technology and has redirected approximately 85 million pounds of waste from landfills into new goods since 2018.

“We are focused on helping our customers reach their sustainability goals and Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis,” said Phil McDivitt, president and CEO of Ascend. “Since we launched ReDefyne, the demand for our circular products has been significant across all segments of our business, including automotive, consumer, electronics and high-performance fibers and textiles.”

Ascend Performance Materials has purchased a majority stake in California-based Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). The deal provides Ascend with a consistent supply of high-quality PCR materials for its ReDefyne™ sustainable polyamides, launched at K 2022.

Circular Polymers, which as part of the deal is renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet via a unique technology and has redirected approximately 85 million pounds of waste from landfills into new goods since 2018.

“We are focused on helping our customers reach their sustainability goals and Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis,” said Phil McDivitt, president and CEO of Ascend. “Since we launched ReDefyne, the demand for our circular products has been significant across all segments of our business, including automotive, consumer, electronics and high-performance fibers and textiles.”

Ascend has a sustainability strategy based on three pillars: empowering people, innovating solutions and operating without compromise. Ascend has committed to reducing its greenhouse gas emissions by 80% by 2030 and recently announced two new efforts to reduce the carbon footprint of its products.

Source:

Ascend Performance Materials / EMG

02.11.2022

Swiss textile manufacturer Schoeller Textil AG with new branding

  • Focus on the guiding principle of "textile intelligence" and sustainability

Long before sustainability became a trend in the textile industry, Schoeller Textil AG, which has been innovating technical fabrics and smart textile finishing technologies for more than 150 years, made it its mission to develop textile innovations in harmony with nature. Now the company is undergoing an extensive rebranding, whilst unveiling its strong brand foundation in the process. The result embodies the newly defined guiding principle of “Textile Intelligence” - the development and successful implementation of innovative textiles and intelligent textile technologies.

Innovations in the textile industry must meet requirements on several levels – offering both new and optimized solutions to sociological, ecological, and economic challenges of our time. Creating this holistic added value is firmly rooted in the Schoeller brand origin and is still the top priority in textile product development today. The brand essence has thus remained the same, but it has been embodied anew.

  • Focus on the guiding principle of "textile intelligence" and sustainability

Long before sustainability became a trend in the textile industry, Schoeller Textil AG, which has been innovating technical fabrics and smart textile finishing technologies for more than 150 years, made it its mission to develop textile innovations in harmony with nature. Now the company is undergoing an extensive rebranding, whilst unveiling its strong brand foundation in the process. The result embodies the newly defined guiding principle of “Textile Intelligence” - the development and successful implementation of innovative textiles and intelligent textile technologies.

Innovations in the textile industry must meet requirements on several levels – offering both new and optimized solutions to sociological, ecological, and economic challenges of our time. Creating this holistic added value is firmly rooted in the Schoeller brand origin and is still the top priority in textile product development today. The brand essence has thus remained the same, but it has been embodied anew.

“At the beginning of the rebranding process, it was clear to us we had to root ourselves in (Swiss) tradition in order to fully realize Schoeller’s entire brand potential and successfully explore new, digital paths,” said Antonio Gatti Balsarri, Schoeller chief commercial officer.

“The goal of the rebranding is to communicate our traditional brand values in a completely new brand presence. The result was a sharpened brand profile, a clear brand strategy and tonality, as well as a clean, modern corporate design. We will specifically address our sustainability commitment through the expansion of digital touchpoints, their cross-media use, and an increased online presence. Simplified, straightforward, sustainable - in accordance with our greatest source of inspiration: nature.”

Transparency and Sustainability
Paramount to Schoeller’s corporate identity is the full disclosure of brand principles and transparency around all business divisions. A simplified logo design was established by reducing logo elements and colors for a modern look and feel that can be produced in a much more resource-efficient manner. Schoeller’s new brand mantra of “Textile Intelligence” speaks to its company mission of more than 150 years.

Schoeller has been a bluesign system partner from the very beginning and uses the Higg Facility Environmental Module (FEM) to assess sustainable performance. In addition to environmentally-friendly manufacturing processes and careful material selection, the highest quality and sustainability standards in production also mean guaranteeing fair working conditions. Schoeller follows a Code of Conduct that guarantees transparent production chains, environmental protection, and fair working conditions.

“Zero Textile Waste” becomes a targeted brand strategy. While the production of textiles and textile technologies is continuously being optimized to preserve resources, the manufacturing processes are often costly and complex. To this end, Schoeller offers new approaches to efforts around Zero Waste in the industry. Its new online shop, “Schoeller re-Fabric” sells textile remnants from production directly to designers and smaller productions to increase its overall production volume efficiency and avoid textile waste.

Source:

Schoeller Textil AG

26.10.2022

adidas completes second share buyback program in 2022

adidas has completed its second share buyback program this year. On March 1, 2022, the company had announced that it would launch another share buyback program in mid-March to return the cash proceeds from the Reebok divestiture to its shareholders. Between March 14, 2022, and October 10, 2022, the company bought back 8,978,138 shares for a total consideration of € 1.5 billion, corresponding to an average purchase price per share of € 167.07.

adidas has completed its second share buyback program this year. On March 1, 2022, the company had announced that it would launch another share buyback program in mid-March to return the cash proceeds from the Reebok divestiture to its shareholders. Between March 14, 2022, and October 10, 2022, the company bought back 8,978,138 shares for a total consideration of € 1.5 billion, corresponding to an average purchase price per share of € 167.07.

The decision to repurchase shares to return the cash proceeds from the Reebok divestiture came on top of the company’s regular buyback activities. In December 2021, adidas had launched a multi-year share buyback program under which the company plans to buy back shares in an amount of up to € 4 billion until 2025. The first tranche of this program was conducted in January and February of this year. During that period, the company bought back 4,156,558 shares for a total amount of € 1 billion, corresponding to an average purchase price per share of € 240.58. Taking into account both share buybacks adidas bought back 13,134,696 shares for a total amount of € 2.5 billion in 2022. Including the dividend payment of € 610 million in May, the company returned more than € 3.1 billion to its shareholders in 2022.

Strong cash returns are a key component of adidas strategy ‘Own the Game’. As part of this strategy, adidas plans to generate substantial cumulative free cash flow until 2025 and return the majority of it – between € 8 billion and € 9 billion – to its shareholders through regular dividend payments in a range of between 30% and 50% of net income from continuing operations, complemented by share buybacks. The € 1.5 billion share buyback program related to the divestiture of Reebok come in addition to these regular shareholder returns.

As previously announced, the company intends to cancel the majority of the shares repurchased as part of its buyback activities. As a result, adidas will cancel a total of 12,100,000 treasury shares in the upcoming weeks, reducing the share count and stock capital from 192,100,000 to 180,000,000.

Source:

adidas AG

(c) Barry-Wehmiller
21.10.2022

Barry-Wehmiller: Bob Chapman named Tharseō CEO of the Year

During an awards ceremony on Monday, October 17, the Society for Human Resource Management (SHRM) Foundation awarded Barry-Wehmiller CEO Bob Chapman its preeminent recognition in people leadership, the Tharseō CEO of the Year Award.

SHRM is the world's largest HR professional society, representing more than 300,000 HR professionals across the globe, impacting 115 million workers and their families. The Tharseō (thar-seh'-ō)—derived from the Greek word for "courageous, confident and bold"—awards are given to those who demonstrate innovative and impactful business practices leading to better workplaces and a better world by serving as visionaries, innovators and change agents.

During an awards ceremony on Monday, October 17, the Society for Human Resource Management (SHRM) Foundation awarded Barry-Wehmiller CEO Bob Chapman its preeminent recognition in people leadership, the Tharseō CEO of the Year Award.

SHRM is the world's largest HR professional society, representing more than 300,000 HR professionals across the globe, impacting 115 million workers and their families. The Tharseō (thar-seh'-ō)—derived from the Greek word for "courageous, confident and bold"—awards are given to those who demonstrate innovative and impactful business practices leading to better workplaces and a better world by serving as visionaries, innovators and change agents.

Chapman has been the CEO of Barry-Wehmiller since 1975. Since then, he has applied a blend of strategy and culture to create a thriving global organization. Chapman’s work is chronicled in his 2015 Wall Street Journal bestseller Everybody Matters: The Extraordinary Power of Caring for Your People Like Family, co-authored by Raj Sisodia, founder of Conscious Capitalism. In 2016, Harvard Business School released a case study about Barry-Wehmiller’s approach to business that is now taught at 80 business schools. A non-profit, Chapman Foundation for Caring Communities, and a leadership consulting firm, Chapman & Co. Leadership Institute, bear Chapman’s name and share some of the foundational learnings that helped transform the culture of once-traditional Barry-Wehmiller into a caring, dignity-honoring, fulfilling place to work.

In recent years, Chapman has focused on creating caring leaders of tomorrow by sponsoring programs in K-12 schools and universities. In 2021, Chapman and his team partnered with Fordham University and other Jesuit business schools to launch the Humanistic Leadership Academy which helps professors and students become more human-centered.

A sought-after global speaker, Chapman recently addressed the United Nations PRME conference on transforming education, the China Organizational Evolution Forum, Brazil’s Virtuous Leadership Conference, Vizient CEO Network, and the Healthcare Burnout Symposium, to name a few.

Source:

Barry-Wehmiller

19.10.2022

Kornit Digital issues Second-Annual Impact Report

Kornit Digital Ltd. unveiled its Impact Report for 2021 highlighting progress made against goals and further expanding its commitment to a long-term strategy designed to transform the world of fashion and textiles into one that is more sustainable. The comprehensive analysis details Kornit’s performance related to climate action, waste management, green chemistry, and diversity in the workplace, as well as other areas of the Company’s Environmental, Social, and corporate Governance (ESG) framework.

Key Accomplishments Against Baseline (2021)  
Kornit’s ongoing dedication to improving ESG practices within its own operations has resulted in Company-wide achievements in the areas of:

Climate Action and Waste Management*

  • ~16% reduction in GHG emissions intensity from x 9.11-e to 7.68 MTCO2-e
  • 39% reduction in hazardous waste intensity from 1.7 tons to 1.04 tons
  • 57% reduction in non-hazardous waste intensity from 33 tons to 14 tons

Green Chemistry

Kornit Digital Ltd. unveiled its Impact Report for 2021 highlighting progress made against goals and further expanding its commitment to a long-term strategy designed to transform the world of fashion and textiles into one that is more sustainable. The comprehensive analysis details Kornit’s performance related to climate action, waste management, green chemistry, and diversity in the workplace, as well as other areas of the Company’s Environmental, Social, and corporate Governance (ESG) framework.

Key Accomplishments Against Baseline (2021)  
Kornit’s ongoing dedication to improving ESG practices within its own operations has resulted in Company-wide achievements in the areas of:

Climate Action and Waste Management*

  • ~16% reduction in GHG emissions intensity from x 9.11-e to 7.68 MTCO2-e
  • 39% reduction in hazardous waste intensity from 1.7 tons to 1.04 tons
  • 57% reduction in non-hazardous waste intensity from 33 tons to 14 tons

Green Chemistry

  • Complete elimination of Acute Toxic Amines (CLP category 1, 2, 3) CMR
  • 20% reduction of VOC level in Robusto Inkset and 30% of VOC in Eco Ink/Green

DEI and Community Engagement

  • An increase in women in management, from 30% to 35%
  • Reporting 88% of employees feeling respected and free to be authentic at work - *Intensity measures are per $1 million of revenue.

Kornit Digital’s Impact Strategy
Propelled by an ambition to make a positive impact across all areas of its business and throughout the fashion and textile industries, Kornit further adjusted its Impact Strategy this year towards more expansive, longer-term goals and objectives. Kornit’s refined strategy reflects the Company's dual role as a change agent in the industry—both as a leader empowering the fashion industry to be more sustainable, and as an accountable participant responsible for embracing social and environmental change to make the world a better place.  
The holistic strategy accounts for both roles, across two fundamental pillars—"Enable the Change” and “Be the Change”—and incorporates both social and environmental KPIs designed to meet the Company’s goals and respond to stakeholders’ input, as well as industry and ecosystem needs

Kornit is officially unveiling the report during a press event at PRINTING United Expo 2022.

*Intensity measures are per $1 million of revenue.

Source:

Kornit Digital

04.10.2022

Carbios appoints new Director of Operations and Expertise Team

  • Stéphane Ferreira joined Carbios as Director of Operations and Executive Committee Member, on October 10, 2022.
  • Frédéric Alarcon appointed Licensing Manager
  • Arnaud Tillon appointed Group Marketing Director
  • New areas of expertise complete the seniority of Carbios’ leadership team, following June appointments of Mathieu Berthoud as Sourcing and Public Affairs Director, Lionel Arras as Industrial Director, and Pascal Bricout as Strategy and Finance Director.
  • Departure of Martin Stephan, Deputy CEO

Carbios strengthens its organization with the appointment of Stéphane Ferreira as Director of Operations. He will be in charge of the business’ global development and will steer the relationship with Carbios’ industrial and commercial partners.

Stéphane Ferreira's team will be reinforced by two new members, including:

  • Stéphane Ferreira joined Carbios as Director of Operations and Executive Committee Member, on October 10, 2022.
  • Frédéric Alarcon appointed Licensing Manager
  • Arnaud Tillon appointed Group Marketing Director
  • New areas of expertise complete the seniority of Carbios’ leadership team, following June appointments of Mathieu Berthoud as Sourcing and Public Affairs Director, Lionel Arras as Industrial Director, and Pascal Bricout as Strategy and Finance Director.
  • Departure of Martin Stephan, Deputy CEO

Carbios strengthens its organization with the appointment of Stéphane Ferreira as Director of Operations. He will be in charge of the business’ global development and will steer the relationship with Carbios’ industrial and commercial partners.

Stéphane Ferreira's team will be reinforced by two new members, including:

  • Frédéric Alarcon, Licensing Manager, who joined Carbios on September 5. His role is to build and deploy the process licensing model that is at the heart of Carbios’ business model;
  • Arnaud Tillon, Group Marketing Director, who joined the firm on September 12. He will support the company’s development by defining and deploying the marketing strategy. He is also in charge of reinforcing the customer culture within the organization.

Martin Stephan will leave his position as Deputy CEO on October 15, 2022, after nearly six years at Carbios.

Emmanuel Ladent, Carbios’ Chief Executive Officer: "The appointment of Stéphane Ferreira as Director of Operations is excellent news for Carbios. His extensive experience in global markets will help Carbios reach a new level, by deploying the company’s proprietary technologies on a large scale. I am also very pleased with the recent arrivals of Frédéric Alarcon and Arnaud Tillon, whose respective expertise in licenses and mass-market offers will be invaluable. Lastly, on behalf of all Carbios’ teams, I want to salute and thank Martin Stephan for his continued commitment to the company’s development. His experience, expertise and skills have been key to developing partnerships which have enabled Carbios to be so close to industrial deployment and recognized as the future worldwide leader of plastics and fibers in the circular economy."

More information:
Carbios Managing Director
Source:

Carbios

04.10.2022

Carbios appoints Pascal Bricout as Chief Strategy and Financial Officer

Carbios announced the appointment of Pascal Bricout as Chief Strategy and Financial Officer and a member of the Company’s Executive Committee.

Mr. Bricout will oversee the management and organization of Carbios’ Finance division. He will also steer the Group’s Strategy, investor relations and the launch of the company’s Corporate Social Responsibility policy. He joins the company with over 30 years’ experience in finance, strategy and international mergers and acquisitions.
 
Prior to joining Carbios, Mr. Bricout served as Chief Financial Officer for Michelin in Asia, which is a major area of growth and development for the company. Over the past 10 years, he has focused primarily on major strategic mergers and acquisitions.

Mr. Bricout holds a Master Degree in Finance from Université Paris-Dauphine. He began his career at PwC, as a manager in the International Transactions Services teams in Paris and London.

Carbios announced the appointment of Pascal Bricout as Chief Strategy and Financial Officer and a member of the Company’s Executive Committee.

Mr. Bricout will oversee the management and organization of Carbios’ Finance division. He will also steer the Group’s Strategy, investor relations and the launch of the company’s Corporate Social Responsibility policy. He joins the company with over 30 years’ experience in finance, strategy and international mergers and acquisitions.
 
Prior to joining Carbios, Mr. Bricout served as Chief Financial Officer for Michelin in Asia, which is a major area of growth and development for the company. Over the past 10 years, he has focused primarily on major strategic mergers and acquisitions.

Mr. Bricout holds a Master Degree in Finance from Université Paris-Dauphine. He began his career at PwC, as a manager in the International Transactions Services teams in Paris and London.

Mr. Bricout, Carbios’ Chief Strategy & Financial Officer noted: “I am thrilled to be joining Carbios and proud to take part in this concrete, meaningful advance toward circular economy. Having developed unparalleled breakthrough technologies in plastic and textile biodegradation and biorecycling, Carbios now needs to execute a successful industrial and commercial phase. This is crucial for companies using PET to achieve, from 2025, their sustainable development goals. Within this dynamic context, Carbios and its subsidiary, Carbiolice, are poised to become global leaders in the development and industrialization of innovative bioprocesses to revolutionize the life cycles of plastics and textiles.”

More information:
Carbios green chemistry polymer
Source:

Carbios

29.09.2022

CISUTAC: New European innovation project on circular & sustainable textiles

Launched this September, the new Horizon Europe project CISUTAC will support the transition to a circular and sustainable textile sector. As part of a consortium of 27 partners working on the project, TEXAID will among others support the project with sorting, disassembly and repair trials.

The production and consumption of textile products continue to grow, together with their impact on the environment, due to a lack of reuse, repair and recycling of materials. Quality, durability, and recyclability are often not being set as priorities in the design and manufacturing of clothing (EU Strategy for Sustainable and Circular Textiles, March 2022).  

CISUTAC aims to remove current bottlenecks in order to increase textile circularity in Europe. The objective is to minimise the sector’s total environmental impact by developing sustainable, novel, and inclusive large-scale European value chains.  

Launched this September, the new Horizon Europe project CISUTAC will support the transition to a circular and sustainable textile sector. As part of a consortium of 27 partners working on the project, TEXAID will among others support the project with sorting, disassembly and repair trials.

The production and consumption of textile products continue to grow, together with their impact on the environment, due to a lack of reuse, repair and recycling of materials. Quality, durability, and recyclability are often not being set as priorities in the design and manufacturing of clothing (EU Strategy for Sustainable and Circular Textiles, March 2022).  

CISUTAC aims to remove current bottlenecks in order to increase textile circularity in Europe. The objective is to minimise the sector’s total environmental impact by developing sustainable, novel, and inclusive large-scale European value chains.  

The project will cover most parts of the textile sector by working on two material groups representing almost 90% of all textile fibre materials (polyester, and cotton/cellulosic fibres), and focusing on products from three sub-sectors experiencing varying circularity bottlenecks (fashion garments, sports and outdoor goods, and workwear).  

CISUTAC will follow a holistic approach covering the technical, sectoral and socio-economic aspects, and will perform three pilots to demonstrate the feasibility and value of:

  • Repair and disassembly
  • Sorting (for reuse and recycling)
  • Circular garments through fibre-to-fibre recycling and design for circularity

To realise these pilots, the consortium partners will:

  • Develop semi-automated workstations
  • Analyse the infrastructure and material flows
  • Digitally enhance sorting operations (for reuse and recycling)
  • Raise awareness among the consumers and the textile industry

As part of the CISUTAC consortium, TEXAID, will conduct different trials of sorting, repair, and disassembly, and be active in the LCA and Standardisation work packages.

Source:

TEXAID Textilverwertungs-AG

Beaulieu International Group
23.08.2022

BIG at EuroGeo7 with geotextile fibres & woven fabrics

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

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

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


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

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

Source:

Beaulieu International Group

(c) adidas AG
15.07.2022

adidas launches its first product in collaboration with Spinnova

The adidas TERREX HS1 is one of the first knitted products to be made in part with Spinnova technology. At least 30% of the fabric in this mid-layer hiking hoodie comes from wood-based SPINNOVA® fibres (other fibres)* and 70% from cotton (organic).

Adidas is committed to helping End Plastic Waste via a three-loop strategy that consists of using recycled materials, materials that can be made to be remade and in the case of Made with Nature, products created in part with natural ingredients, such as the adidas TERREX HS1.  

The first product to emerge from this partnership, the adidas TERREX HS1 mid-layer is a piece of multi-functional gear that works on the trails and then rolls up into its hood for easy storage or to create a pillow on longer adventures. It was designed using UNITEFIT – an all-gender fit system created with a spectrum of sizes, genders, and forms in mind.

The adidas TERREX HS1 is one of the first knitted products to be made in part with Spinnova technology. At least 30% of the fabric in this mid-layer hiking hoodie comes from wood-based SPINNOVA® fibres (other fibres)* and 70% from cotton (organic).

Adidas is committed to helping End Plastic Waste via a three-loop strategy that consists of using recycled materials, materials that can be made to be remade and in the case of Made with Nature, products created in part with natural ingredients, such as the adidas TERREX HS1.  

The first product to emerge from this partnership, the adidas TERREX HS1 mid-layer is a piece of multi-functional gear that works on the trails and then rolls up into its hood for easy storage or to create a pillow on longer adventures. It was designed using UNITEFIT – an all-gender fit system created with a spectrum of sizes, genders, and forms in mind.

Made in part with Spinnova technology , a minimum of 30% of the fabric in the adidas TERREX HS1 comes from wood-based SPINNOVA® fibres (other fibres)* that are made by grinding wood pulp with water into a paste and then spun into a textile fibre.

The product also works with the material’s natural color. Since no dyeing or bleaching is applied, in turn this uses less water compared to the standard dyeing process.

* (Rayon) in US, (New type of cellulose fibre) in China

More information:
adidas Spinnova Fibers fibres Recycling
Source:

adidas AG

06.07.2022

DOMO Chemicals und Hynamics: Production of polyamides from low-carbon hydrogen

DOMO Chemicals, a producer of engineered polyamide materials, and Hynamics, a 100% subsidiary of EDF Group specializing in the production of low-carbon hydrogen, have entered into a partnership project with the objective of achieving zero-carbon for 100% of the hydrogen used at the Belle-Étoile industrial site, in Saint-Fons (south of Lyon, France), in the heart of the French Vallée de la Chimie (“Chemistry Valley”).

For the first time in France, the “HyDom” project will enable the installation of an 85-megawatt (MW) hydrogen production plant using the water electrolysis process at the Belle-Étoile site, with a production capacity of 11,000 metric tons of low-carbon hydrogen per year. The plant will be powered by the French low-carbon electric power mix. By 2027, it will supply 100% of the annual production of hexamethylene diamine, a key component used in the production of plastics.

DOMO Chemicals, a producer of engineered polyamide materials, and Hynamics, a 100% subsidiary of EDF Group specializing in the production of low-carbon hydrogen, have entered into a partnership project with the objective of achieving zero-carbon for 100% of the hydrogen used at the Belle-Étoile industrial site, in Saint-Fons (south of Lyon, France), in the heart of the French Vallée de la Chimie (“Chemistry Valley”).

For the first time in France, the “HyDom” project will enable the installation of an 85-megawatt (MW) hydrogen production plant using the water electrolysis process at the Belle-Étoile site, with a production capacity of 11,000 metric tons of low-carbon hydrogen per year. The plant will be powered by the French low-carbon electric power mix. By 2027, it will supply 100% of the annual production of hexamethylene diamine, a key component used in the production of plastics.

The project will eventually prevent the emission of 84 kilotons of carbon dioxide (CO2) each year. Hexamethylene diamine, and ultimately, durable and low-carbon polyamides, will be used in various applications in major industry sectors, such as automotive, electronics, and heating & cooling.
This project is a major step towards the decarbonization of industrial sites that use grey hydrogen (produced from fossil fuels). The location in the Vallée de la Chimie within the vicinity of major transport routes opens up opportunities for the creation of a more complete hydrogen ecosystem.

The first phase of the project will consist of building up and ascertaining technical concepts and integrating the low-carbon hydrogen production plant within the larger production process of hexamethylene diamine.

Considering the high-power scale of the future electrolytic hydrogen production facility, the HyDom project is being developed in close collaboration with RTE (an organization in charge of managing the French power grid), to solve connection issues. As a priority project for the industry's zero-carbon strategy and for the “France 2030” investment plan, HyDom is supported by the French government and has been presented to the European Commission for public funding.

Source:

DOMO Chemicals / Marketing Solutions NV

23.06.2022

Lectra announces the launch of its Automotive Cutting Room 4.0 offer

The automotive industry currently faces a complex set of market dynamics: rising material and transport costs, reduced budgets, changing consumer expectations, increasing challenges related to CSR, etc. In this context, improving efficiency across the whole value chain has become a strategic priority for vehicle and equipment manufacturers. Lectra supports its customers by designing and developing cutting-edge solutions that combine software, equipment, data and services to make its offer the gateway to Industry 4.0.
 
With Industry 4.0, a new range of possibilities is opening up to businesses. The concept and its technologies bring in new value creation and cost control models based on synchronized, flexible and fast processes.
 

The automotive industry currently faces a complex set of market dynamics: rising material and transport costs, reduced budgets, changing consumer expectations, increasing challenges related to CSR, etc. In this context, improving efficiency across the whole value chain has become a strategic priority for vehicle and equipment manufacturers. Lectra supports its customers by designing and developing cutting-edge solutions that combine software, equipment, data and services to make its offer the gateway to Industry 4.0.
 
With Industry 4.0, a new range of possibilities is opening up to businesses. The concept and its technologies bring in new value creation and cost control models based on synchronized, flexible and fast processes.
 
The Automotive Cutting Room 4.0 offer is a set of solutions connected to one other: Vector, the fabric cutting equipment offering the best performance in the market; Empower, a new generation of digital services to leverage Vector's capabilities; Valia, the heart of the new offer, a software for preparing and scheduling production; and Algopex, an application for exploiting and capitalizing on all the data generated by the cutting room, so you can make the best decisions as quickly as possible.
 
Connecting up all the elements of the Automotive Cutting Room 4.0 offer delivers this unprecedented value and enables an unparalleled level of performance to be achieved. Nicolas Favreau, Lectra’s Automotive Marketing Strategy Director, explains: “When the whole cutting room process is digitalized, the data generated are centralized and accessible in real time, helping our customers to make the best decisions at every step of the production process. The benefits are huge. For example, the key performance indicators from the offer’s first users show productivity gains of around 5% and a reduction in material consumption of nearly 2%. That’s unheard of! These results, combined with the agility that the Automotive Cutting Room 4.0 brings and the complete process control, demonstrate the offer’s maximum relevance.”

Source:

Lectra 

22.06.2022

Lenzing AG revises its dividend policy

Minimum dividend of EUR 4.50 per share as of the 2023 financial year

Having concluded its strategy update, the Managing Board of Lenzing AG decided to revise its dividend policy today. This demonstrates Lenzing’s confidence in its ambitious growth plans and its ability to consistently providing attractive dividends to shareholders.

As of the 2023 financial year (with payment scheduled for 2024), Lenzing plans to pay an annual dividend of at least EUR 4.50 per share (adjusted for inflation for the years thereafter). The revised dividend policy is subject to the approval of the Supervisory Board.

The payment of the dividend in any year will be subject to the specific dividend proposals of the Managing Board and the Supervisory Board. These proposals may deviate from the new dividend policy if appropriate under the then prevailing circumstances and will be subject to the approval of the Annual General Meeting.

Minimum dividend of EUR 4.50 per share as of the 2023 financial year

Having concluded its strategy update, the Managing Board of Lenzing AG decided to revise its dividend policy today. This demonstrates Lenzing’s confidence in its ambitious growth plans and its ability to consistently providing attractive dividends to shareholders.

As of the 2023 financial year (with payment scheduled for 2024), Lenzing plans to pay an annual dividend of at least EUR 4.50 per share (adjusted for inflation for the years thereafter). The revised dividend policy is subject to the approval of the Supervisory Board.

The payment of the dividend in any year will be subject to the specific dividend proposals of the Managing Board and the Supervisory Board. These proposals may deviate from the new dividend policy if appropriate under the then prevailing circumstances and will be subject to the approval of the Annual General Meeting.

More information:
dividend Lenzing AG
Source:

Lenzing AG

22.06.2022

Autoneum publishes Corporate Responsibility Report 2021

  • Joining Science Based Targets initiative

ith its Advance Sustainability Strategy 2025 launched in 2018, Autoneum defined ambitious goals in the areas of environment, society and governance. In the past year, significant quantitative and qualitative improvements were achieved, as shown in the Corporate Responsibility Report 2021 published today. For example, CO2 emissions were reduced in 2021 and the proportion of reused production scrap (recycling) was significantly increased.

  • Joining Science Based Targets initiative

ith its Advance Sustainability Strategy 2025 launched in 2018, Autoneum defined ambitious goals in the areas of environment, society and governance. In the past year, significant quantitative and qualitative improvements were achieved, as shown in the Corporate Responsibility Report 2021 published today. For example, CO2 emissions were reduced in 2021 and the proportion of reused production scrap (recycling) was significantly increased.

Following Autoneum’s decision last year to extend its environmental targets with quantifiable targets for all direct and indirect greenhouse gas emissions and a time horizon to 2027, the Company has recently signed the declaration to join the Science Based Targets initiative (SBTi). Autoneum acknowledges the urgent need for action and will submit its ambitious, science-based targets to the SBTi to reduce CO2 emissions in the near term. In addition, Autoneum is reporting its Scope 3 emissions in full for the first time. In line with the strategic goal of continuously reducing electricity purchases from fossil fuels and replacing them with renewable energies, ten plants worldwide were converted to renewable energies in 2021.

In the past year, Autoneum again implemented a large number of projects in the areas of “Sustainable Products and Production Processes”, “Fair and Attractive Workplace”, “Good Corporate Citizenship” and “Responsible Supply Chain Management”: 29 eco-efficiency projects with a focus on materials efficiency and recycling contributed to more environmentally friendly production and correspondingly more sustainable components worldwide. The result was a significant reduction in waste and a further optimization of processes for a range of products. Moreover, new eco-efficient products were successfully launched on the market.

A complete overview of all targets and activities during the past year can be found in the Corporate Responsibility Report 2021.

Source:

Autoneum Management AG

20.06.2022

Suominen strengthens its capabilities in sustainable products

Suominen strengthens its capabilities in sustainable products by enhancing and upgrading one of its production lines in Nakkila, Finland. The investment is made in line with Suominen’s strategy and supports company’s vision to be a frontrunner in sustainability.

“As we foresaw in our strategy the market demand in Europe has changed remarkably towards more sustainable products. With this investment we respond to the increased demand for environmentally friendly products and also enhance our operational performance in terms of safety, quality and productivity,” says Petri Helsky, President and CEO of Suominen.

The total value of the investment is approximately EUR 6 million and the investment project will be completed in the second half of 2023.

Suominen strengthens its capabilities in sustainable products by enhancing and upgrading one of its production lines in Nakkila, Finland. The investment is made in line with Suominen’s strategy and supports company’s vision to be a frontrunner in sustainability.

“As we foresaw in our strategy the market demand in Europe has changed remarkably towards more sustainable products. With this investment we respond to the increased demand for environmentally friendly products and also enhance our operational performance in terms of safety, quality and productivity,” says Petri Helsky, President and CEO of Suominen.

The total value of the investment is approximately EUR 6 million and the investment project will be completed in the second half of 2023.

More information:
Suominen Sustainability nonwovens
Source:

Suominen