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17.02.2022

ROICA™ welcomes 2022 with a brand new wardrobe

ROICA™ main objective is to focus on and respond to new generation values in fashion. Values that are key for contemporary consumers, who are the ones leading the change throughout all the supply value chain, and have received even more attention since the beginning of the pandemic. ROICA™ by Asahi Kasei team knows that value creation is the basic foundation of contemporary business. Its teams are ready to go to the next level, answering to the market demand for innovation while sharing its responsibility efforts towards the new generation of consumer.

ROICA™ main objective is to focus on and respond to new generation values in fashion. Values that are key for contemporary consumers, who are the ones leading the change throughout all the supply value chain, and have received even more attention since the beginning of the pandemic. ROICA™ by Asahi Kasei team knows that value creation is the basic foundation of contemporary business. Its teams are ready to go to the next level, answering to the market demand for innovation while sharing its responsibility efforts towards the new generation of consumer.

For this reason, the ROICA™ strategy is based on two key elements. On the one side, a strong focus on responsible innovation, able to respond to new fashion needs and desires while not harming the environment nor the society at large. On the other hand, a consolidation of partnerships along the whole supply chain through conversations and collaborations with companies sharing the ROICA™ values, in order to deliver creativity, solutions and design to all contemporary consumers. For example, in terms of fabric producers ROICA™ has been working alongside industry leaders such as Brugnoli, Candiani Denim, CIFRA, Dresdner Spitzen, Eusebio, Iluna Group, Innova Fabrics, Inter Jersey Milano, Lauma Fabrics, L/E Textile, Maglificio Ripa, M.I.T.I., Penn Italia - Penn Textile Solutions GmbH, Piave Maitex, Sitip S.p.A., Sofileta, Taubert Textil, Tessitura Colombo, TINTEX Textiles, TVB Textil-Vertrieb-Beratungs.

See attached document to read more about the current wardrobe stories.

Source:

ROICA™ by Asahi Kasei / GB Network

14.02.2022

New Deputy Assistant Secretary for Textiles, Consumer Goods and Materials at the U.S. Department of Commerce

National Council of Textile Organizations (NCTO) President and CEO Kim Glas, representing the full spectrum of U.S. textiles from fiber through finished sewn products, welcomes the appointment of Jennifer Knight as Deputy Assistant Secretary for Textiles, Consumer Goods and Materials at the U.S. Department of Commerce.

Knight will oversee the Office of Textiles and Apparel (OTEXA), the Office of Materials Industries and the Office of Consumer Goods within the International Trade Administration’s Industry and Analysis unit.

Statement from NCTO President and CEO Kim Glas:
We applaud the Biden administration for appointing Jennifer Knight to serve as the Deputy Assistant Secretary for Textiles, Consumer Goods and Materials.
Jennifer’s extensive and successful career in U.S. textile manufacturing, as well as her experience in setting up international operations in regions such as Central America, is an enormous asset as she takes on this critical role.

National Council of Textile Organizations (NCTO) President and CEO Kim Glas, representing the full spectrum of U.S. textiles from fiber through finished sewn products, welcomes the appointment of Jennifer Knight as Deputy Assistant Secretary for Textiles, Consumer Goods and Materials at the U.S. Department of Commerce.

Knight will oversee the Office of Textiles and Apparel (OTEXA), the Office of Materials Industries and the Office of Consumer Goods within the International Trade Administration’s Industry and Analysis unit.

Statement from NCTO President and CEO Kim Glas:
We applaud the Biden administration for appointing Jennifer Knight to serve as the Deputy Assistant Secretary for Textiles, Consumer Goods and Materials.
Jennifer’s extensive and successful career in U.S. textile manufacturing, as well as her experience in setting up international operations in regions such as Central America, is an enormous asset as she takes on this critical role.

As onshoring and nearshoring efforts gain momentum amidst the global supply chain crisis, Jennifer’s appointment could not have come at a more pivotal time. We couldn’t be more delighted with her appointment and strong familiarity with our sector and beyond.  Jennifer will be a strong advocate for American workers and industries, and we look forward to working with her on the U.S. textile industry’s top priorities in the months and years ahead.

More information:
NCTO U.S. Department of Commerce
Source:

NCTO

(c) Hologenix
01.02.2022

Hologenix: Pure White Celliant wins ISPO Textrends Award

Hologenix® is pleased to announce that its newest innovation – pure white CELLIANT® – is a Top Ten winner in the Fibers & Insulation Category of ISPO Textrends Fall/Winter 2023/24. Twice a year, ISPO recognizes innovative fabrics and components that are used to manufacture sports apparel. It’s no surprise that this innovation, whereby CELLIANT infrared technology can be embedded in fibers and for those fibers to be pure white, has achieved this honor. Pure white expands the potential applications of CELLIANT to crisp white performance and athleisure apparel, athletic uniforms and jerseys, towels, bedding, baby clothes, medical apparel and more, while maintaining its well-known wellness benefits. Pure white is the foundation that makes delicate pastel fabrics, as well as any color, possible.

Hologenix® is pleased to announce that its newest innovation – pure white CELLIANT® – is a Top Ten winner in the Fibers & Insulation Category of ISPO Textrends Fall/Winter 2023/24. Twice a year, ISPO recognizes innovative fabrics and components that are used to manufacture sports apparel. It’s no surprise that this innovation, whereby CELLIANT infrared technology can be embedded in fibers and for those fibers to be pure white, has achieved this honor. Pure white expands the potential applications of CELLIANT to crisp white performance and athleisure apparel, athletic uniforms and jerseys, towels, bedding, baby clothes, medical apparel and more, while maintaining its well-known wellness benefits. Pure white is the foundation that makes delicate pastel fabrics, as well as any color, possible.

Pure white CELLIANT still captures and converts body heat into infrared energy, increasing local circulation, aiding in temperature regulation and promoting stronger performance, faster recovery and better sleep. Pure white CELLIANT is also still made from ethically sourced minerals from the earth and is available in nylon, polyester and recycled polyester fibers, while retaining the natural characteristics of the polymer.

This award follows on the heels of the 2022/23 ISPO Textrends Awards finalist selection of CELLIANT viscose in the Fibers and Insulations category, which features CELLIANT embedded into plant-based fibers.  “We are honored to achieve this recognition from ISPO for our pure white CELLIANT,” said Courtney OKeefe, Chief Supply Chain Officer for Hologenix. “This new formulation took years of work to achieve and is a testament to the dedication and talent of our global research team. We are also very proud to be able to state that we now have two ISPO-recognized fibers.”

More information:
Hologenix Celliant Sportswear Fibers
Source:

Hologenix, LLC / Sarah P. Fletcher Communications 

27.01.2022

OCA, GOTS and Textile Exchange expand GM Cotton Testing Lab Initiative

Global Organic Textile Standard (GOTS), the Organic Cotton Accelerator (OCA) and Textile Exchange are delighted to announce the renewal of the global ISO IWA 32:2019 proficiency test for a second year in a row, under technical support from Wageningen Food Safety Research.

The initiative aims to provide the sector with an up-to-date overview of global laboratories that can currently conduct GMO testing as per the ISO IWA 32:2019 protocol – a common language among laboratories worldwide to screen for the potential presence of genetically modified (GM) cotton along the organic cotton value chain.

Global Organic Textile Standard (GOTS), the Organic Cotton Accelerator (OCA) and Textile Exchange are delighted to announce the renewal of the global ISO IWA 32:2019 proficiency test for a second year in a row, under technical support from Wageningen Food Safety Research.

The initiative aims to provide the sector with an up-to-date overview of global laboratories that can currently conduct GMO testing as per the ISO IWA 32:2019 protocol – a common language among laboratories worldwide to screen for the potential presence of genetically modified (GM) cotton along the organic cotton value chain.

The joint project involving three global NGOs in the textile sector, announces that it has reached a new milestone with an expanded list of twenty-one laboratories from Europe, Asia and North America who have successfully passed a new round of the proficiency test in 2021.

As qualitative GM cotton screening using the ISO IWA 32:2019 protocol is mandatory within the GOTS and OCS (Organic Content Standard) supply chain and OCA’s Farm programme, the expanded list will provide many stakeholders in Organic Cotton with the clarity they need for taking all reasonable precautions to prevent GM cotton in their organic cotton produce while supporting the rapid sector growth seen globally.

The updated overview of the laboratories that successfully passed the proficiency test in 2021 has now been jointly published by GOTS, OCA and Textile Exchange.

The initiative now in its second year, will drive greater transparency along the organic cotton supply chain in a move that the partners hope will become a fixed bi-annual initiative stemming from the positive feedback from the initial launch in 2020.

(c) Sappi Europe
27.01.2022

Sappi: Expanded production options for Fusion Topliner

Sappi, a leading provider of sustainable woodfibre-based packaging materials, is expanding production of its successful Fusion Topliner grade to its flagship mill in Gratkorn, Austria. The Fusion Topliner – a white virgin fibre liner for high-quality corrugated packaging – will also continue to be manufactured at Sappi’s Ehingen mill in Germany. With this project, Sappi isn’t just expanding its production capacity in the corrugated board business. By offering the same product quality from both mills, Sappi is bringing production closer to its customers – to guarantee a sustainable and short supply chain in the heart of Europe.

Sappi, a leading provider of sustainable woodfibre-based packaging materials, is expanding production of its successful Fusion Topliner grade to its flagship mill in Gratkorn, Austria. The Fusion Topliner – a white virgin fibre liner for high-quality corrugated packaging – will also continue to be manufactured at Sappi’s Ehingen mill in Germany. With this project, Sappi isn’t just expanding its production capacity in the corrugated board business. By offering the same product quality from both mills, Sappi is bringing production closer to its customers – to guarantee a sustainable and short supply chain in the heart of Europe.

  • Sappi’s Fusion Topliner virgin fibre liner strengthens brand image and impact, and demand continues to grow
  • Capacities are now being expanded through significant investment at Gratkorn mill, Austria
  • Volumes will be enlarged in the next months to ensure reliable customer supply

Just a decade ago, there were only two options on the market for coated white corrugated liners: either kraft liner made from high-quality raw materials and with a very low recycled content, or test liner, which consists almost exclusively of recycled paper. As an alternative, Sappi developed its Fusion Topliner, now the most widely used corrugated liner made from pure virgin fibre. It is recommended for applications such as premium quality consumer goods packaging and POS displays – where high visual impact and differentiation are key. The product also stands out with exceptional strength and versatility.

Sappi’s Fusion Topliner has been successful on the market for many years. Demand for the product has continued to grow, due to its exceptional characteristics for print quality and finishing. Production is now being expanded from the German mill in Ehingen to include Sappi’s flagship mill in Gratkorn. The available capacities are now being expanded to include the production of Fusion Topliner in addition to existing graphic papers. Volume availability will be increased month by month to support the expected growth of our customers, and to satisfy large requirements in the corrugated board business.

Source:

Sappi Europe / Ruess Group

26.01.2022

Rieter: First information on the financial year 2021

  • Order Intake of CHF 2 225.7 Million in Financial Year 2021
  • Sales of CHF 969.2 million in financial year 2021
  • Implementation of the acquisition of the three Saurer businesses on schedule
  • EBIT margin of 4.5% to 5% of sales expected in financial year 2021

Due to the continuing high demand for new installations, components and services, Rieter posted an order intake of CHF 551.8 million in the fourth quarter of 2021. As a result, Rieter achieved a total order intake of CHF 2 225.7 million in the 2021 financial year (2020: CHF 640.2 million).

  • Order Intake of CHF 2 225.7 Million in Financial Year 2021
  • Sales of CHF 969.2 million in financial year 2021
  • Implementation of the acquisition of the three Saurer businesses on schedule
  • EBIT margin of 4.5% to 5% of sales expected in financial year 2021

Due to the continuing high demand for new installations, components and services, Rieter posted an order intake of CHF 551.8 million in the fourth quarter of 2021. As a result, Rieter achieved a total order intake of CHF 2 225.7 million in the 2021 financial year (2020: CHF 640.2 million).

The exceptionally high order intake is broadly supported at the global level. As reported previously, this is based on a catch-up effect from the two prior years and a regional shift in demand. Rieter believes that a major reason for this shift in demand is the development of costs in China. The orders came primarily from Turkey, India, Latin America, Uzbekistan, China and Pakistan. At the end of 2021, the company had an order backlog of around CHF 1 840 million (December 31, 2020: around CHF 560 million). Despite bottlenecks in material supplies and freight capacities, sales performance up to the end of the year was better than expected. The Rieter Group closed the 2021 financial year with sales of CHF 969.2 million (2020: CHF 573.0 million).

Implementation of the Acquisition of the Three Saurer Businesses
Effective from December 1, 2021, Rieter is consolidating the components businesses Accotex and Temco acquired from Saurer. With the acquisition of Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines), Rieter is strengthening the market position in the components business. The figures from the two businesses have been incorporated into the results for the 2021 financial year as follows: the 2021 order intake includes CHF 2.1 million and the 2021 sales includes CHF 3.3 million. The two businesses contributed a total of around CHF 27 million to the order backlog at the end of 2021. The acquisition of Saurer’s third business (automatic winder) leads to a significant increase in the attractiveness of Rieter’s ring and compact-spinning systems and is expected to be completed in the first half of 2022. Accordingly, order intake and sales are not included in the figures for the 2021 financial year.

EBIT Margin
Rieter anticipates an EBIT margin of 4.5% to 5% of sales in the 2021 financial year (2020: -14.7%).
Rieter will publish the full annual financial statements and the 2021 Annual Report on March 9, 2022.

Order Intake by Business Group
Thanks to the company’s innovative product portfolio and global positioning, all three Business Groups benefited from the high level of demand.
The Business Group Machines & Systems posted an order intake of CHF 1 708.6 million (2020: CHF 363.9 million). The main focus of demand was on ring and compact-spinning systems.
The order intake of the Business Group Components was CHF 296.0 million, an increase of 75% compared to the previous year (2020: CHF 169.1 million). The Business Group After Sales recorded an order intake of CHF 221.1 million, 106% higher than the previous year (2020: CHF 107.2 million). The main reason for the positive order intake in both Business Groups is the continuing increased demand for spare and wear parts in spinning mills, which are operating at high capacity.

Sales by Business Group
Despite the challenges in the supply chain announced earlier, the Business Group Machines & Systems achieved sales of CHF 590.3 million, double the previous year’s figure (2020: CHF 295.8 million). Sales of the Business Group Components increased to CHF 231.5 million (2020: CHF 174.3 million). The Business Group After Sales achieved sales of CHF 147.4 million (2020: CHF 102.9 million).

Sales by Region
Sales increased in all regions, with the exception of the region Africa. The highest year-on-year growth of 148% was achieved in India, followed by North and South America (+126%) and the Asian countries (+72%), excluding China, India and Turkey.

Rieter will issue an outlook for the 2022 financial year at the Results Press Conference on March 9, 2022.

Source:

Rieter Holding AG

(c) Messe Frankfurt (HK) Ltd.
21.01.2022

Promising conditions for Cinte Techtextil China in September

Promising conditions in the technical textiles and nonwovens market are expected to provide ample opportunities for suppliers at this year’s Cinte Techtextil China. The fair, which last year saw 366 exhibitors and 14,868 visits, will take place from 6 – 8 September 2022 at the Shanghai New International Expo Centre. Flexible exhibiting options will once again be available for overseas companies.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd, explained the positive conditions that exhibitors should expect at the fair thusly: “The pandemic has led to a surge in Chinese exports of both technical textiles and nonwovens, the latter in particular. The country remains the largest supplier of nonwovens, comprising one-third of the global total, yet still requires the advanced offerings of overseas machinery suppliers, as well as supplies of raw materials, to support its export production.”

Promising conditions in the technical textiles and nonwovens market are expected to provide ample opportunities for suppliers at this year’s Cinte Techtextil China. The fair, which last year saw 366 exhibitors and 14,868 visits, will take place from 6 – 8 September 2022 at the Shanghai New International Expo Centre. Flexible exhibiting options will once again be available for overseas companies.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd, explained the positive conditions that exhibitors should expect at the fair thusly: “The pandemic has led to a surge in Chinese exports of both technical textiles and nonwovens, the latter in particular. The country remains the largest supplier of nonwovens, comprising one-third of the global total, yet still requires the advanced offerings of overseas machinery suppliers, as well as supplies of raw materials, to support its export production.”

Ms Wen continued: “Domestically, China is seeing increasing consumption of functional apparel, sportswear and personal protection items. Heightened health and sanitary regulations and new hygiene habits will also continue to drive demand, especially for nonwovens, well into the future. There has also been a post-pandemic boost in demand for filter, greenhouse covering and high-density fabrics amongst others. All of this adds up to a wealth of opportunities for overseas companies to take advantage of, as was experienced in the 2021 edition of the fair.”

Exhibitor and visitor experiences in 2021
“Our organisation promotes US cotton and we hope to use this platform to meet more companies and brands in the nonwovens industry who are interested in US cotton, and to meet up with old friends to discuss the current situation and industry trends. We also found some new potential clients this time.” Mr Eric Ni, Senior Manager, China Supply Chain Marketing, Fabrics, Garments and Nonwovens, Cotton Council International, USA

“Cinte Techtextil China is a professional exhibition that brings together cutting-edge technologies and products, allowing us to quickly learn about innovative technology trends in the industry. I’ve been particularly impressed by the biodegradable products in the Innovation Showcase. In addition, I am sourcing mask-related products and mops, and I have found some companies that I’m interested in.” Ms Claire Zhang, Senior Scientist, Personal Health, Philips Research China, Philips (China) Investment Co Ltd, China

Source:

Messe Frankfurt (HK) Ltd.

20.12.2021

Kelheim Fibres: Severe Impact of Natural Gas Price Increases

Over the past 14 days, the wholesale cost of natural gas in Germany has risen by more than 50%. This increase presents an extraordinary challenge for industry, and there is no sign of support or intervention from the Government. Indeed, recent statements are destined to provoke a worsening of the situation.

Kelheim Fibres is entirely dependent on natural gas for the generation of electrical energy and steam and has no viable short-term alternatives. In addition, the raw materials used by the company often consume high levels of energy in their production and are also increasing significantly in cost. These increases in cost jeopardise the future of the business if they cannot be passed on though the supply chain.

Kelheim Fibres is calling on the Government of Germany to take immediate steps to mitigate the impact of the cost increases for natural gas and is committed to work to implement alternative sources of energy in the medium term.

Over the past 14 days, the wholesale cost of natural gas in Germany has risen by more than 50%. This increase presents an extraordinary challenge for industry, and there is no sign of support or intervention from the Government. Indeed, recent statements are destined to provoke a worsening of the situation.

Kelheim Fibres is entirely dependent on natural gas for the generation of electrical energy and steam and has no viable short-term alternatives. In addition, the raw materials used by the company often consume high levels of energy in their production and are also increasing significantly in cost. These increases in cost jeopardise the future of the business if they cannot be passed on though the supply chain.

Kelheim Fibres is calling on the Government of Germany to take immediate steps to mitigate the impact of the cost increases for natural gas and is committed to work to implement alternative sources of energy in the medium term.

In parallel, the disruption to global logistic networks that has been seen throughout 2021 is now expected to continue throughout 2022. Massive increases in shipping rates – in some cases in excess of 80% – are being imposed without notice and with no opportunity for negotiation. These costs must also be passed on though the supply chain if businesses are to remain viable.

To address these issues, Kelheim Fibres is implementing the following measures with immediate effect:

  • The increased cost of energy and freight will be passed on in prices to customers at the soonest opportunity;
  • If necessary, changes or adjustments to existing agreements will be negotiated to reflect the increased cost levels;
  • If the necessary increase in fibre prices cannot be secured, cuts to production will be implemented with the objective of minimising losses until the cost increases can be mitigated.

As the drivers for the increases in natural gas prices appear to be temporary in nature, we will maintain any price adjustments under review and pass on any relief to customers.

Craig Barker, CEO of Kelheim Fibres, describes the current situation as critical. “The cost increases we are facing are unprecedented and call for swift and decisive action. We are determined to take the necessary steps to preserve the future of our business and provide security of supply for our customers. At the same time, we are relying on the support of our customers to help us conquer the challenges our business is facing.”

Source:

Kelheim Fibres GmbH

13.12.2021

TMAS: Digitalisation demands streamlined solutions

Fully integrated production lines from single source suppliers have increasingly become the norm in the textile industry and make complete sense in meeting today’s complex supply chain needs, according to TMAS – the Swedish Textile Machinery Association.

“Over the past few decades, textile mills have transitioned from consisting of collections of individual machines serviced and maintained largely by in-house mechanics as well as separate supplier companies for each part of the production line,” says TMAS Secretary General Therese Premler-Andersson. “Those in-house engineering service teams have diminished over the years, while the introduction of electronic drive systems in the 1980s and 90s also put an increased emphasis on the need for third party electrical engineers, operating separately to the machine builders.

“Subsequently, mechanical machines and electronic drive systems became much more integrated, and more recently, with the advent of digitalisation, entire production lines are becoming centrally controlled with remote, instantaneous connections to their suppliers for service and maintenance.

Fully integrated production lines from single source suppliers have increasingly become the norm in the textile industry and make complete sense in meeting today’s complex supply chain needs, according to TMAS – the Swedish Textile Machinery Association.

“Over the past few decades, textile mills have transitioned from consisting of collections of individual machines serviced and maintained largely by in-house mechanics as well as separate supplier companies for each part of the production line,” says TMAS Secretary General Therese Premler-Andersson. “Those in-house engineering service teams have diminished over the years, while the introduction of electronic drive systems in the 1980s and 90s also put an increased emphasis on the need for third party electrical engineers, operating separately to the machine builders.

“Subsequently, mechanical machines and electronic drive systems became much more integrated, and more recently, with the advent of digitalisation, entire production lines are becoming centrally controlled with remote, instantaneous connections to their suppliers for service and maintenance.

“In this context, the integration of machinery and automation specialists as single-source suppliers makes perfect sense, while partnerships between machine builders and their customers have never been more important.”

The recent acquisition of Nowo textile machinery from its previous owner, Brandstones Ab Oy, by TMAS member ACG Kinna, she adds, is a good example of this general trend.

Nowo, headquartered in Turku, Finland, designs, manufactures and exports high-end textile production machinery mainly for the fibre processing industry. At the end of the 1980s it introduced the highly successful Nowo Vac pillow filling system, which has been its best-selling system, alongside the Noworoll ball fibre machine, introduced in the 1990s.

Nowo’s machine range covers the entire production process from bale opening to weighing and filling, and complete production lines are tailored to the specific needs of customers. The company can also deliver individual machines such as bale openers, cards, cross-lappers, pickers, mixing devices, material silos, sucking devices, anti-static units etc. Seven patents cover the company’s technologies.

Founded in 1977, ACG Kinna Automatic, based in Skene in Sweden, specialises in customised and cost-efficient solutions for the production of pillows and quilts. All of its design, manufacturing and final line testing is carried out in Sweden and the reliability and longevity of its machines has earned it the trust of the world’s largest furniture and home decoration retailers and Europe’s largest manufacturer of pillows and duvets, among many customers.

Source:

TMAS / AWOL Media

13.12.2021

NCTO: US Vice President announces new Investments in Northern Central America

US Vice President Kamala Harris announced significant multimillion-dollar investments by Parkdale Mills and six other companies today, as part of the Administration’s Call to Action to the private sector to promote economic opportunity in the region, as her office works to address the root causes of migration.

Vice President Harris, who is overseeing diplomatic efforts with El Salvador, Guatemala, Honduras, and Mexico, announced several private sector commitments to strengthen economic opportunities in the Northern Triangle and made remarks at a White House roundtable, which included Anderson Warlick, Chairman and CEO of Parkdale Mills. The textile and apparel co-production chain is one of the most essential supply chains for employment and economic development in both the United States and the Northern Triangle region, currently supporting over 1 million jobs in the United States and the Central American region. The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) and its strong rules of origin are the primary reasons this co-production chain exists, which is seeing significant growth this year.

US Vice President Kamala Harris announced significant multimillion-dollar investments by Parkdale Mills and six other companies today, as part of the Administration’s Call to Action to the private sector to promote economic opportunity in the region, as her office works to address the root causes of migration.

Vice President Harris, who is overseeing diplomatic efforts with El Salvador, Guatemala, Honduras, and Mexico, announced several private sector commitments to strengthen economic opportunities in the Northern Triangle and made remarks at a White House roundtable, which included Anderson Warlick, Chairman and CEO of Parkdale Mills. The textile and apparel co-production chain is one of the most essential supply chains for employment and economic development in both the United States and the Northern Triangle region, currently supporting over 1 million jobs in the United States and the Central American region. The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) and its strong rules of origin are the primary reasons this co-production chain exists, which is seeing significant growth this year.

North Carolina-headquartered Parkdale Mills, one of the largest manufacturers of spun yarn and cotton consumer products in the world, will make a multimillion-dollar investment in a new yarn spinning facility in Honduras and make an additional substantial investment to support existing operations in Hillsville, Virginia. This investment will help customers shift 1 million pounds of yarn per week away from supply chains in Asia and China and enhance U.S. and CAFTA-DR co-production resilience and increase regional product offerings. Parkdale’s announced investment will create hundreds of jobs in Honduras and further support hundreds of employees in Parkdale’s Hillsville operations.  

Recently, administration officials from the U.S. Trade Representative’s office and the Vice President’s office met with the U.S. textile industry to reaffirm the importance of rules of origin in nearshoring production chains, helping address labor and environmental challenges and mitigating supply chain risk.

“I would like to sincerely thank Vice President Harris for making this announcement and leading the effort with private industry to create more economic opportunities in northern Central America and the United States,” said Anderson Warlick, Chairman and CEO of Parkdale Mills. “Parkdale’s investments will support good paying jobs in the United States and in the Central American region and significantly increase our extensive product offering and capacity, including the production of sustainable specialty yarns.

Parkdale sees an enormous opportunity for brands and retailers to re-shore and nearshore production supply chains and double the size of U.S.-CAFTA-DR trade, because of the rules of origin in our trade agreement and a shift in sourcing by brands and retailers mitigating their supply chain sourcing risks.  We are excited about what this opportunity means for jobs in the U.S. and the region for this critical production chain and couldn’t be more thrilled to be part of this effort.  We look forward to working with the Vice President and her team on strengthening the textile and apparel production chains in the U.S. and region.”

National Council of Textile Organizations (NCTO) President and CEO Kim Glas, said, “This is an exciting and important announcement by Parkdale and Vice President Harris. Our industry has invested billions of dollars in the U.S. and in the region as a result of the investment-based rules of origin in the CAFTA-DR agreement, which ensures the job benefits of the agreement are reserved for the parties to the agreement.  Additional substantial announcements on further investment in textile and apparel production are expected soon.

As brands and retailers are seeking more environmentally sustainable, vertically integrated, transparent, and quick turnaround supply chains, our collective industries stand ready to work with companies that are seeking to mitigate sourcing strategies as Asian supply chains have faced enormous production constraints.  Further verticalization in the industry, like Parkdale’s announcement today, allows broader product diversification and grows jobs across the textile and apparel production chain.

We are thrilled with today’s announcement because it is a win-win for American and Central American workers and our environment and a huge opportunity to further recalibrate supply chains out of China and Asia. This valuable co-production chain between the U.S. and the CAFTA-DR region accounts for $12 billion in two-way trade and billions of dollars of investment. Significant growth is occurring in our sector and is expected to continue as supply chains continue to recalibrate.  We are delighted about this today’s announcement and appreciate the Administration’s strong support.”

19.11.2021

GOTS appoints Protection Officer North America

Travis Wells, JD, MBA, has been appointed as GOTS Protection Officer North America. In this newly created position, he will be identifying and advising companies that are making unsubstantiated claims regarding GOTS signage.

An increasing number of companies are eager to use GOTS certified materials and want to make claims regarding GOTS content on their finished products. However, the correct use of the trademarked logo is strictly regulated in CUGS 3.1. – The conditions for the use of GOTS signs. A GOTS claim on finished products guarantees the consumer that every single step in the textile processing supply chain was certified. As soon as one stage in the supply chain is not certified, a company may not label or mention GOTS on their final product.

Travis Wells, JD, MBA, has been appointed as GOTS Protection Officer North America. In this newly created position, he will be identifying and advising companies that are making unsubstantiated claims regarding GOTS signage.

An increasing number of companies are eager to use GOTS certified materials and want to make claims regarding GOTS content on their finished products. However, the correct use of the trademarked logo is strictly regulated in CUGS 3.1. – The conditions for the use of GOTS signs. A GOTS claim on finished products guarantees the consumer that every single step in the textile processing supply chain was certified. As soon as one stage in the supply chain is not certified, a company may not label or mention GOTS on their final product.

As a Sustainable Supply Chain Director, Travis has more than 20 years of experience advising fashion and apparel-related businesses on sustainable sourcing, product development and manufacturing in domestic and global markets. He earned his Bachelor of Arts (B.A.) in International Studies from Vassar College, his Juris Doctorate (J.D.) in Corporate Law from George Washington University Law School and his Master of Business Administration (MBA) in Global Sustainability and Finance from the Gabelli School of Business at Fordham University.  

12.11.2021

Stahl to set Scope 3 carbon emission targets by mid 2022

Stahl, an active proponent of responsible chemistry, today announces that – by the end of Q2 2022 – it will extend its GHG reduction targets to cover Scope 3 emissions. This step underlines Stahl’s commitment to aligning its strategy with the 2015 Paris Climate Agreement goals, updated at the recent COP26 in Glasgow.

Between 2015 and 2020 Stahl reduced its Scope 1 and 2 (direct) GHG emissions by 37%, and has committed to a further 2% reduction each year to 2030. Scope 3 emissions cover all the indirect emissions that can occur in a company’s value chain, including raw material acquisition, transportation, and the end-of-life impact of its products. By focusing on Scope 3 emissions, Stahl is committing to de-fossilizing its supply chain and ensuring further accountability for its total environmental impact.

Stahl, an active proponent of responsible chemistry, today announces that – by the end of Q2 2022 – it will extend its GHG reduction targets to cover Scope 3 emissions. This step underlines Stahl’s commitment to aligning its strategy with the 2015 Paris Climate Agreement goals, updated at the recent COP26 in Glasgow.

Between 2015 and 2020 Stahl reduced its Scope 1 and 2 (direct) GHG emissions by 37%, and has committed to a further 2% reduction each year to 2030. Scope 3 emissions cover all the indirect emissions that can occur in a company’s value chain, including raw material acquisition, transportation, and the end-of-life impact of its products. By focusing on Scope 3 emissions, Stahl is committing to de-fossilizing its supply chain and ensuring further accountability for its total environmental impact.

Michael Costello, Stahl Group ESG Director: “Only by focusing on reducing Scope 3 emissions can we accurately align our de-fossilization strategy with the global goal of limiting global average temperature increase to 1.5°C, as agreed at the 2015 Paris Climate Agreement and the COP26 in Glasgow. We look forward to working with partners across our industry and value chain to make this happen.”

More information:
Stahl Stahl Group
Source:

Stahl Holdings B.V.

10.11.2021

AFRY to digitalize Renewcell’s textile recycling processes

The Swedish textile recycling company, Renewcell, has chosen AFRY as partner in order to digitalize production operations in their plants in Kristinehamn and Sundsvall, Sweden. AFRY will deliver an Industrial IT solution, containing AFRY MES and AFRY ProTAK, to manage production information and secure both high quality, as well as high overall efficiency in the production. The delivered solution will serve as a hub for all production process information.

The Swedish textile recycling company, Renewcell, has chosen AFRY as partner in order to digitalize production operations in their plants in Kristinehamn and Sundsvall, Sweden. AFRY will deliver an Industrial IT solution, containing AFRY MES and AFRY ProTAK, to manage production information and secure both high quality, as well as high overall efficiency in the production. The delivered solution will serve as a hub for all production process information.

Renewcell is a multi-award-winning textile recycling company based in Sweden. With the technology they have developed, the company has succeeded in recycling and regenerating textile fiber from old clothes to turn it back into fiber pulp. Renewcell has had a production site in Kristinehamn since 2017 and is now scaling up the production in their new production plant in Sundsvall. The new plant is expected to be operating during the first half of 2022. “Modern production and logistics require a high level of digitalization to meet the demands for, e.g., traceability, and therefore the systems and experience from AFRY will be very important to us,” says Ylva Stjernquist, Supply Chain Manager and Project Leader at Renewcell.

AFRY has a long experience in Industrial IT and will now deliver the two leading, closely integrated digital solutions for production management to Renewcell. The AFRY MES (Manufacturing Execution System) is a highly advanced digital information system that connects, monitors, and controls the complex production systems and data flows of the production processes. AFRY ProTAK is a digital tool that measures the effectiveness of a plant’s production machine performance. The system gathers information from different sources (e.g., DCS, MES, Maintenance) and combines that with the operators’ notes to calculate or present Overall Equipment Efficiency (OEE), which will lead to optimized production and increased profitability.

Together these tools will improve traceability and secure a high production efficiency by integrating data from all production systems and equipment. “We are focusing on improving sustainability within process industries, and it is therefore an honor to be part of Renewcell’s textile recycling through a full-scale digitalized solution. Our modern and competitive digital solution will definitely bring added value to these types of processes,” says David Andersson, Business Segment Manager Digitalization, AFRY Process Industries Sweden.  

AFRY MES and AFRY ProTAK will be installed to both Kristinehamn and Sundsvall plants. The installation is planned to be up and running during Q2 2022.

Source:

Process Industries Sweden

10.11.2021

adidas' performance in a challenging environment during Q3 2021

  • Currency-neutral sales up 3%, despite € 600 million drag from external factors*
  • Strong top-line momentum in EMEA, North America and Latin America with double-digit
  • increase across these regions*
  • DTC business growing at double-digit rate in EMEA, North America and Latin America*
  • Gross margin at 50.1% as significantly higher full-price sales partly compensate
  • negative currency impact and higher supply chain costs*
  • Operating margin at 11.7% despite strong double-digit increase in marketing spend*
  • Net income from continuing operations reaches € 479 million*
  • Inventories down 23% currency-neutral*
  • 2021 top- and bottom-line outlook confirmed*

“adidas performed well in an environment characterized by severe challenges on both the supply and demand side,” said adidas CEO Kasper Rorsted.

  • Currency-neutral sales up 3%, despite € 600 million drag from external factors*
  • Strong top-line momentum in EMEA, North America and Latin America with double-digit
  • increase across these regions*
  • DTC business growing at double-digit rate in EMEA, North America and Latin America*
  • Gross margin at 50.1% as significantly higher full-price sales partly compensate
  • negative currency impact and higher supply chain costs*
  • Operating margin at 11.7% despite strong double-digit increase in marketing spend*
  • Net income from continuing operations reaches € 479 million*
  • Inventories down 23% currency-neutral*
  • 2021 top- and bottom-line outlook confirmed*

“adidas performed well in an environment characterized by severe challenges on both the supply and demand side,” said adidas CEO Kasper Rorsted. “As a consequence of successful product launches we are experiencing strong top-line momentum in all markets that operate without major disruption. Double-digit growth in our direct-to-consumer businesses in EMEA, North America and Latin America is a testament to the strong consumer demand for our products. At the same time, we are navigating through the current world-wide supply chain constraints. Despite all challenges, we are on track to delivering a successful first year within our new strategic cycle.”
 

*See attached document for more information.

More information:
adidas Covid-19
Source:

adidas AG

05.11.2021

Indorama Ventures reports a strong 3Q21 performance on record volumes

Indorama Ventures Public Company Limited (IVL) reported a strong 3Q 2021 performance amid record production volumes. The company maintained its positive outlook for the rest of the year and 2022, noting caution as headwinds including higher energy prices and supply chain disruptions weigh against resurgent consumer demand.

IVL reported EBITDA of US$478 million in Q3 versus US$552 million in the previous quarter and US$240 million a year earlier. Production volumes reached 3.73 million metric tons, a record, as the global recovery drove consumer demand for IVL’s products.

As the global economy recovers from the pandemic, consumer appetite and increasing Brent crude oil prices are testing supply chains and driving a commodity boom, with manufacturers running at full capacity. This has driven increases in freight prices and a shortage of materials.

Indorama Ventures Public Company Limited (IVL) reported a strong 3Q 2021 performance amid record production volumes. The company maintained its positive outlook for the rest of the year and 2022, noting caution as headwinds including higher energy prices and supply chain disruptions weigh against resurgent consumer demand.

IVL reported EBITDA of US$478 million in Q3 versus US$552 million in the previous quarter and US$240 million a year earlier. Production volumes reached 3.73 million metric tons, a record, as the global recovery drove consumer demand for IVL’s products.

As the global economy recovers from the pandemic, consumer appetite and increasing Brent crude oil prices are testing supply chains and driving a commodity boom, with manufacturers running at full capacity. This has driven increases in freight prices and a shortage of materials.

Still, IVL posted a solid YTD performance, ending the first nine months of 2021 with EBITDA of US$ 1,512 million, up 123% YoY. The Integrated Oxides & Derivatives (IOD) segment will start to reap the full benefits of the hot commissioning of the Lake Charles gas cracker (IVOL) in Q4 and beyond, as well as continued advantaged shale gas economics.

In Q3, Project Olympus, the company’s cost saving and business transformation project, achieved US$63 million in efficiency gains, and is on track to achieve a total US$610 million of savings by 2023. IVL also implemented enhanced disclosures in governance, strategy, risk management, and metrics and targets, and launched a comprehensive financial policy and governance structure to accelerate environmentally driven projects.

IVL strengthened its Indorama Management Council (IMC) – the company’s highest operational management committee – by rotating experienced executives and adding the COOs of the Fibers and Integrated Oxides & Derivatives (IOD) segments. The appointments will help build the segments into self-sustaining organizations while also rotating expertise across the IMC.

3Q 2021 Performance Summary

  • Consolidated Revenue of US$ 3,867M, an increase of 9% QoQ and 50% YoY
  • EBITDA of US$ 478M in Q3 versus US$552 million, a decrease of 13% QoQ and an increase of 99% YoY
  • Reported annualized EPS of THB 4.53 and core annualized EPS of THB 4.09

 

Source:

Indorama Ventures Public Company Limited

05.11.2021

NCTO Commends House Passage of Infrastructure Package

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished products, issued a statement welcoming House passage of a bipartisan infrastructure bill that will provide billions of dollars in new spending to revitalize the nation’s roads, bridges and railways and help reconstitute a domestic supply chain for face masks, isolation gowns and other personal protective equipment (PPE).

“We commend the House for getting the bipartisan infrastructure bill across the finish line today, and we are pleased the legislation will now go to President Biden for his signature. This is the first step in a long-term strategy that is critically needed to permanently onshore PPE production to ensure our nation is prepared for the next health security crisis,” said NCTO President and CEO Kim Glas. “This infrastructure package will help incentivize the reshoring of PPE production by guaranteeing long-term federal contracts and expanding Berry Amendment rules to more federal agencies’ purchases of PPE products, important priorities of the U.S. textile industry.”

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished products, issued a statement welcoming House passage of a bipartisan infrastructure bill that will provide billions of dollars in new spending to revitalize the nation’s roads, bridges and railways and help reconstitute a domestic supply chain for face masks, isolation gowns and other personal protective equipment (PPE).

“We commend the House for getting the bipartisan infrastructure bill across the finish line today, and we are pleased the legislation will now go to President Biden for his signature. This is the first step in a long-term strategy that is critically needed to permanently onshore PPE production to ensure our nation is prepared for the next health security crisis,” said NCTO President and CEO Kim Glas. “This infrastructure package will help incentivize the reshoring of PPE production by guaranteeing long-term federal contracts and expanding Berry Amendment rules to more federal agencies’ purchases of PPE products, important priorities of the U.S. textile industry.”

NCTO worked with congressional allies to include a version of the Make PPE in America Act, legislation co-sponsored by Senator Rob Portman (R-OH) and Senator Gary Peters (D-MI), in the infrastructure legislative package. The bill ensures all PPE purchased by the Departments of Homeland Security, Health and Human Services and Veterans Affairs are Berry Amendment-compliant (containing 100 percent domestic content); guarantees long-term contracts (a minimum of two years) to U.S. manufacturers; and creates a tiered preference for PPE made in the Western Hemisphere by our free trade partners using U.S. components, after domestic manufacturing capacity has been maximized.

04.11.2021

adidas awarded high ESG rating by S&P for sustainability performance

Following a thorough assessment by rating agency S&P adidas’ sustainability performance has received an outstanding evaluation. Assessed across Environmental, Social and Governance (ESG) dimensions, adidas was awarded with an ESG Profile Score of 79 out of 100. Combined with a strong Preparedness Score (+6), the company’s overall ESG Evaluation Score amounts to 85, placing adidas sixth in the entire S&P Global Rating Universe.

In its assessment, S&P emphasizes adidas’ industry-leading approach to innovation, supply chain management and consumer engagement. In particular, credit is given to adidas’ ambitions to scale the use of sustainable materials, to expand circular services and to deliver against ambitious net-zero emission targets. In addition to adidas’ strong control mechanisms over its supply chain ensuring fair and safe labor practices, the analysis also calls out the integration of a sustainability target into the compensation system of the Executive Board. The close interaction between the Supervisory Board and the Executive Board is seen as exemplary and supportive of the overall strategy execution.

Following a thorough assessment by rating agency S&P adidas’ sustainability performance has received an outstanding evaluation. Assessed across Environmental, Social and Governance (ESG) dimensions, adidas was awarded with an ESG Profile Score of 79 out of 100. Combined with a strong Preparedness Score (+6), the company’s overall ESG Evaluation Score amounts to 85, placing adidas sixth in the entire S&P Global Rating Universe.

In its assessment, S&P emphasizes adidas’ industry-leading approach to innovation, supply chain management and consumer engagement. In particular, credit is given to adidas’ ambitions to scale the use of sustainable materials, to expand circular services and to deliver against ambitious net-zero emission targets. In addition to adidas’ strong control mechanisms over its supply chain ensuring fair and safe labor practices, the analysis also calls out the integration of a sustainability target into the compensation system of the Executive Board. The close interaction between the Supervisory Board and the Executive Board is seen as exemplary and supportive of the overall strategy execution.

More information:
adidas Sustainability S&P
Source:

adidas AG

28.10.2021

Autoneum adjusts outlook for the current financial year

Due to the significantly reduced market expectations for global light vehicle production, Autoneum lowers its revenue and earnings forecast for the full year 2021. This results from bottlenecks in the supply chain of vehicle manufacturers, in particular the ongoing shortage of semiconductors.

Although demand from end customers continues to be high in all regions, global light vehicle production in the second half of 2021 is expected to be around 10% lower than in the first half-year due to bottlenecks in the supply chain of vehicle manufacturers, mainly with regard to semiconductors.

Due to market developments, revenue in the second half-year 2021 is now anticipated to be correspondingly lower than in the first semester.

As a result of the lower revenue development in the second half of the year, an EBIT margin of 2-3% (previously: 4-5%) is now expected for the full year 2021. Free cash flow is estimated to be in the range of CHF 60 to 70 million.

Due to the significantly reduced market expectations for global light vehicle production, Autoneum lowers its revenue and earnings forecast for the full year 2021. This results from bottlenecks in the supply chain of vehicle manufacturers, in particular the ongoing shortage of semiconductors.

Although demand from end customers continues to be high in all regions, global light vehicle production in the second half of 2021 is expected to be around 10% lower than in the first half-year due to bottlenecks in the supply chain of vehicle manufacturers, mainly with regard to semiconductors.

Due to market developments, revenue in the second half-year 2021 is now anticipated to be correspondingly lower than in the first semester.

As a result of the lower revenue development in the second half of the year, an EBIT margin of 2-3% (previously: 4-5%) is now expected for the full year 2021. Free cash flow is estimated to be in the range of CHF 60 to 70 million.

More information:
Autoneum supply chain Automotive
Source:

Autoneum

28.10.2021

The Renewable Carbon Initiative (RCI) celebrates its first anniversary

After its launch on 20 September 2020, the RCI is proud to celebrate its first anniversary this fall. The balance sheet of the first year is impressive: starting from 11 founding members, that number increased to 30 member companies within 12 months. Numerous webinars, press releases, background information, a glossary and a comic allowed to convey the “Renewable Carbon” concept to the public. The RCI is actively working on labelling and policy analysis, and more activities will follow in the next year.

After its launch on 20 September 2020, the RCI is proud to celebrate its first anniversary this fall. The balance sheet of the first year is impressive: starting from 11 founding members, that number increased to 30 member companies within 12 months. Numerous webinars, press releases, background information, a glossary and a comic allowed to convey the “Renewable Carbon” concept to the public. The RCI is actively working on labelling and policy analysis, and more activities will follow in the next year.

Key for this success: the topic of renewable carbon in chemicals and materials is increasingly becoming a focus of politics and industry. Larger companies will have to report their GHG emissions and also the footprint of their products as part of legislative changes surrounding the European Green Deal. In this context, indirect emissions and the carbon sources of materials will play a much more crucial role. The RCI is actively working on solutions for companies to shift from fossil to renewable carbon, which consists of the use of bio-based feedstock, CO2-based resources and recycling. In the future, reporting on GHG emissions will also include Scope 3 emissions, which are all indirect emissions that occur along the company’s value and supply chain and where the used raw materials account for a large proportion of the footprint. Here is where the carbon source of chemicals and plastics comes into play as an important contributor to the carbon footprint. Without a shift from fossil to renewable carbon feedstocks (combining bio-based, CO2-based and recycled), a sustainable future and the Paris climate targets will be almost impossible to master.

To discuss, promote and realise the shift, 30 innovative companies have already joined forces to support the transition to renewable carbon, considering both technological and economical approaches – and helping to shape the political framework accordingly.

For the second year, RCI plans to focus on a comprehensive understanding of the expected political framework conditions in Europe and across the globe, since they will determine the future of chemistry and materials more than ever. Building on this knowledge, the topic of renewable carbon could then to be systematically integrated into new political directives, which has so far not been effectively managed.

In reality, the political focus lies on the strategy of decarbonising the energy sector, a very central and Herculean task. However, it cannot be applied to the chemical and material world because carbon is usually the central building block that cannot be dispensed with. On the contrary, the demand for carbon in the chemical and materials sectors is expected to more than double by 2050. In order to meet this demand in a sustainable manner, we must move towards quitting fossil carbon. For the first time in industrial history, it is possible to decouple chemistry and materials from petrochemicals and completely cover the demand through the utilisation of biomass, CO2 and recycling.

Source:

Renewable Carbon Initiative (RCI)

14.10.2021

NCTO's Statement on Global Supply Chain Crisis

The National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement following President Biden’s remarks on the global supply chain crisis and stressed the importance of investing onshoring and nearshoring:

"We appreciate President Biden’s call to ensure we are building more resilient and reliable supply chains and to invest in our manufacturing industries here at home, in his address earlier today.

There is a reason we got into this mess and there is a reason we have a global supply chain crisis. Years of offshoring production in a race to the bottom –exacerbated by predatory trade practices that have undermined so many manufacturing industries--has led to a tipping point. In fact, it was not too long ago that nurses in New York City and beyond were wearing garbage bags as gowns as our overreliance on Chinese production chains exposed severe fragilities in keeping our health care workers safe during the height of the pandemic.

The National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement following President Biden’s remarks on the global supply chain crisis and stressed the importance of investing onshoring and nearshoring:

"We appreciate President Biden’s call to ensure we are building more resilient and reliable supply chains and to invest in our manufacturing industries here at home, in his address earlier today.

There is a reason we got into this mess and there is a reason we have a global supply chain crisis. Years of offshoring production in a race to the bottom –exacerbated by predatory trade practices that have undermined so many manufacturing industries--has led to a tipping point. In fact, it was not too long ago that nurses in New York City and beyond were wearing garbage bags as gowns as our overreliance on Chinese production chains exposed severe fragilities in keeping our health care workers safe during the height of the pandemic.

China’s virtually unlimited and unrealistic pricing power coupled with its subsidies and lack of enforceable environmental standards strips benefits and undermines policy objectives, and leaves us in an untenable situation of overreliance on a foreign supply chain for critical products and raw materials. This must change.

We must hold China accountable for predatory trade practices that have offshored our industries and our jobs. We must onshore and nearshore more textile and apparel production chains out of Asia to the U.S. and also to Western Hemisphere trade partners. This has a multitude of benefits to ensure more reliability in production and also has remarkable job benefits to U.S. manufacturers and our allied trading partners who adhere to higher labor and environmental standards. Further, it will help address the migration crisis and grow better paying jobs.

Now is the time to we need to unlock long-term commitments to source product from the USA and from our Hemispheric partners.  If we moved another 10 percent of global production to the U.S. and the Hemisphere, imagine the benefits that could be achieved.  Ensuring further verticalization and investment in all aspects of the industry, from raw materials to finished products, is good for the American economy and workers in the U.S. and in the region.

Our industry stands ready to help and provide the solutions to onshore and nearshore these production chains that benefit manufacturing workers, the U.S. economy, our Western Hemisphere allies, and consumers.   Further, onshoring and nearshoring these critical production chains has remarkable benefits for the environment and addresses the growing, systemic and alarming issues associated with climate change.  

It is critical that supply chains mitigate risks so that we are never in this situation again.  We appreciate President Biden recognizing the value of onshoring these critical production chains and stand ready to work with the administration in these efforts."

More information:
NCTO
Source:

NCTO