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Mehler Texnologies needs to adapt to market changes and therefore plans to close down the Fulda plant. Source: ©Freudenberg Performance MaterialsMehler Texnologies GmbH
07.01.2025

Mehler Texnologies plans to close down Fulda plant

Mehler Texnologies, a leading specialist in coated technical textiles, plans to close down the Fulda plant adapting to market changes.

For several years, Mehler Texnologies had to face by a persistently sluggish market environment. In view of considerable overcapacities within its own production network, the company therefore plans to close its Fulda plant in the course of 2025. On the basis of the current situation, 192 employees will be affected by the decision.

Mehler Texnologies has already notified the responsible employee representative bodies of its plans and socially compatible solutions are being developed in joint discussions. The specific date of the plant closure depends on the outcome of these discussions.

Mehler Texnologies, a leading specialist in coated technical textiles, plans to close down the Fulda plant adapting to market changes.

For several years, Mehler Texnologies had to face by a persistently sluggish market environment. In view of considerable overcapacities within its own production network, the company therefore plans to close its Fulda plant in the course of 2025. On the basis of the current situation, 192 employees will be affected by the decision.

Mehler Texnologies has already notified the responsible employee representative bodies of its plans and socially compatible solutions are being developed in joint discussions. The specific date of the plant closure depends on the outcome of these discussions.

Source:

Mehler Texnologies GmbH

24.10.2024

SGL Carbon SE: Impairment in the Carbon Fibers business unit

With the publication of the half-yearly figures for 2024, SGL Carbon already announced that the company expects to achieve its adjusted EBITDA guidance for fiscal year 2024 at the lower end of the range of €160 to 170 million. Based on the preliminary figures for the first nine months of the fiscal year 2024, SGL Carbon confirms this statement.

With the publication of the half-yearly figures for 2024, SGL Carbon already announced that the company expects to achieve its adjusted EBITDA guidance for fiscal year 2024 at the lower end of the range of €160 to 170 million. Based on the preliminary figures for the first nine months of the fiscal year 2024, SGL Carbon confirms this statement.

According to preliminary figures, Group sales of SGL Carbon for the first nine months of fiscal year 2024 decreased by 4.8% year on year to €781.9 million (9M 2023: €821.7 million). Preliminary adjusted EBITDA, on the other hand, remained at a comparable level to the prior-year period, at €127.6 million (9M 2023: €130.0 million). Despite the slight sales decline, the adjusted EBITDA margin improved to 16.3% after nine months in 2024 (9M 2023: 15.8%). The reasons for the improved adjusted EBITDA margin are, in particular, product mix effects in the Graphite Solutions and Process Technology business units. By contrast, the ongoing weakness in demand for carbon and textile fiber products in the Carbon Fibers business unit and the early termination of a customer contract at Composite Solutions weighed on the Group's sales and earnings development.

The business unit Carbon Fibers manufactures carbon and textile fibers for the wind and automotive industries as well as various industrial applications. As expected by the Company for the fiscal year 2024, demand for carbon fibers from the wind and automotive industries remains weak. In addition, there is increasing competitive and price pressure due to global overcapacity for both carbon fibers and textile fibers. The company does not expect demand to recover in the coming months and the realizable prices for these products will remain at a low level beyond 2025. Furthermore, SGL Carbon expects that the anticipated improvement in sales and earnings for the Carbon Fibers business unit will be delayed and is revising its existing medium-term planning for Carbon Fibers.

Due to the associated expected deviation an event-driven impairment test is currently being carried out. This indicates a non-cash impairment charge of €60–80 million, which will be recorded in the fourth quarter of 2024. The impairment relates exclusively to Carbon Fibers; the operating business of the other business units is not affected.

SGL Carbon's equity ratio after the impairment is approx. 40% (September 30, 2024: 43.3% according to preliminary figures).

The review of all strategic options for the Carbon Fibers business unit, which was announced by SGL Carbon on February 23, 2024, and has already begun, remains unaffected by the impairment and is currently continuing.

05.02.2024

Launch of ERCA Textile Chemical Solutions

In January 2024, ERCA Textile Chemical Solutions TCS was launched as an independent entity within the ERCA Group.

The decision to make ERCA TCS a separate company stems from the desire to focus exclusively on solutions for the textile industry and to build an agile entity oriented towards responsible research and production, while continuing to leverage a solid productive and financial background from ERCA S.p.A.

ERCA TCS aims to be the unique and innovative point of reference for textile companies in terms of products and services specifically designed for the needs of a sector that is currently facing challenges and opportunities related to sustainability and responsible production.

In January 2024, ERCA Textile Chemical Solutions TCS was launched as an independent entity within the ERCA Group.

The decision to make ERCA TCS a separate company stems from the desire to focus exclusively on solutions for the textile industry and to build an agile entity oriented towards responsible research and production, while continuing to leverage a solid productive and financial background from ERCA S.p.A.

ERCA TCS aims to be the unique and innovative point of reference for textile companies in terms of products and services specifically designed for the needs of a sector that is currently facing challenges and opportunities related to sustainability and responsible production.

ERCA TCS bases its activity on the principles of "green chemistry" to offer the textile industry chemical solutions that make concrete the concepts of safety, performance, and circularity. Its flagship product - REVECOL® - is born from critical waste materials (used vegetable oils) and present in abundance, which through a process attentive to environmental compatibility and safety, are transformed into a line of innovative, certified, high-performance chemical auxiliaries usable by the entire textile industry.

ERCA Group has six plants in three macro-regions: Europe, Latin America, and Asia and produces chemical specialties and auxiliaries with an approach of responsible innovation. Its production covers several markets: textile, cosmetics, polyurethanes, concrete. It has a turnover of 150 million euros and employs 350 people worldwide, 100 of whom are in the sole Grassobbio plant.

Source:

ERCA Textile Chemical Solutions (ERCA Group)

ERCA successfully showcased latest product at ITMA 2023 (c) ERCA
Giusy Bettoni, Matt Swartz, Fabio Locatelli and Mike Maekawa after the talk
28.06.2023

ERCA successfully showcased latest product at ITMA 2023

ERCA successfully showcased their latest product during the recent ITMA 2023 exhibition, taking the opportunity to share with ITMA visitors the journey that stood behind the creation of REVECOL®.

REVECOL® transforms critical waste materials (exhausted vegetable oils) into a line of innovative and responsible chemical auxiliaries destined for the entire textile industry and its various applications, offering different characteristics: circular DNA, certification, safety, high performance, competitivity and applicability on any type of textile fiber, whether virgin or recycled.

Patagonia® and trim supplier YKK teamed up with ERCA to deploy REVECOL® in their manufacturing process. This alliance was presented to ITMA visitors as an example of what the industry can achieve through collaborative practices.

ERCA successfully showcased their latest product during the recent ITMA 2023 exhibition, taking the opportunity to share with ITMA visitors the journey that stood behind the creation of REVECOL®.

REVECOL® transforms critical waste materials (exhausted vegetable oils) into a line of innovative and responsible chemical auxiliaries destined for the entire textile industry and its various applications, offering different characteristics: circular DNA, certification, safety, high performance, competitivity and applicability on any type of textile fiber, whether virgin or recycled.

Patagonia® and trim supplier YKK teamed up with ERCA to deploy REVECOL® in their manufacturing process. This alliance was presented to ITMA visitors as an example of what the industry can achieve through collaborative practices.

The process of sharing REVECOL® with the industry really started with the announcement of ERCA’s partnership with Patagonia® and YKK and deepened during the session Upcycling Minds Think Alike moderated by Giusy Bettoni, CEO and Founder, C.L.A.S.S. (Creativity, Lifestyle and Sustainable Synergy), and which saw the participation of Matt Swartz, Color and Material Quality Manager of Patagonia®, Fabio Locatelli, Head of ERCA, Textile Specialties Business Unit and Mike Maekawa, Sales and Business Development Manager, YKK Vietnam.

Source:

ERCA

17.03.2023

ERCA's new business unit: ERCA TCS (Textile Chemical Solutions)

January 2024 marks the official birth of ERCA TCS (Textile Chemical Solutions), a business unit of ERCA S.p.A. with a focus on the textile market. Founded in the 1960s, ERCA S.p.A. is an Italian company, present with six plants in three macro-regions: Europe, Latin America and Asia. The ERCA group produces specialty and auxiliary chemicals with a responsible innovation approach and its production covers several markets: textiles, cosmetics, polyurethanes, concrete.

Why a business unit that caters solely to the textile industry? The decision to give birth to ERCA TCS comes from the desire to be a unique and innovative reference point for ERCA's customers, with products and
services designed specifically for the needs of today's textile industry, grappling with the challenges and
opportunities of sustainability and responsible production.

January 2024 marks the official birth of ERCA TCS (Textile Chemical Solutions), a business unit of ERCA S.p.A. with a focus on the textile market. Founded in the 1960s, ERCA S.p.A. is an Italian company, present with six plants in three macro-regions: Europe, Latin America and Asia. The ERCA group produces specialty and auxiliary chemicals with a responsible innovation approach and its production covers several markets: textiles, cosmetics, polyurethanes, concrete.

Why a business unit that caters solely to the textile industry? The decision to give birth to ERCA TCS comes from the desire to be a unique and innovative reference point for ERCA's customers, with products and
services designed specifically for the needs of today's textile industry, grappling with the challenges and
opportunities of sustainability and responsible production.

ERCA TCS bases its activities on the principles of "Green Chemistry" with the aim of offering the textile industry chemical solutions that make the concepts of safety, performance and circularity a reality. The chemical auxiliaries of ERCA TCS are the result of a vision that incorporates responsible innovation, continuous research, and a desire to offer to the market effective yet ethically, environmentally, and economically sustainable solutions.

The green, high tech and circular commitment of ERCA TCS is demonstrated by a product and brand range that is totally based on the circular economy, which started from a problem - the disposal of used vegetable oil - and turned it into a resource, into a raw material for the production of chemical auxiliaries for the textile industry: REVECOL®, the circular range of high-performance, made-in-Italy, GRS-certified chemical auxiliaries. The REVECOL® range can be used on any type of fiber, recycled or not.

Source:

ERCA S.p.A. / classecohub