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Cobra
05.04.2022

COBRA to Sponsor and Manufacture JEC Trophies

Cobra International, leading manufacturer of advanced composite products for the water sports, automotive, marine, UAV, and industrial sectors, reinforces its long collaboration with the JEC Group by designing and manufacturing this year’s JEC Composites Innovation trophies. Cobra has designed and manufactured 35 composite material trophies for the JEC Composites Innovation and Start Up Booster competitions which will be presented during the 2022 awards ceremonies and throughout other JEC Group events in 2022.

Cobra International, leading manufacturer of advanced composite products for the water sports, automotive, marine, UAV, and industrial sectors, reinforces its long collaboration with the JEC Group by designing and manufacturing this year’s JEC Composites Innovation trophies. Cobra has designed and manufactured 35 composite material trophies for the JEC Composites Innovation and Start Up Booster competitions which will be presented during the 2022 awards ceremonies and throughout other JEC Group events in 2022.

The 2022 trophies are designed and produced by Cobra’s Design and Development department - the in house team that supports Cobra’s mass production operations with specialist expertise in product design, industrial design & prototyping. The sweeping curves of the trophies are influenced by perfume bottles, linking back to JEC’s French cultural heritage.  The design also combines a pallet of different materials to symbolise the JEC Group’s complete coverage of the composites sector. Acrylic, upcycled teak production waste from the furniture industry, Innegra™, flax, carbon, and aramid materials have been combined with Sicomin’s GreenPoxy 33 bio-resin to reference the award programme’s combined focus on innovation and sustainability.

The JEC Composites Innovation Awards are presented annually, recognising, and rewarding the most cutting-edge and ingenious projects that exploit the full potential of composite materials. Over the last 20 years, the JEC Composites Innovation and Startup programs have celebrated both innovation and partnership. The JEC Group will announce the winners for the 2022 JEC Composites Innovation awards on April 26th in Paris and in live streaming, and the Start-up Booster winners on May 3rd at JEC World.

“Cobra is delighted to reinforce its partnership with JEC Group, sponsoring and manufacturing the JEC trophies for 2022,” comments Danu Chotikapanich, CEO, Cobra.  “These are two of the most prestigious and respected awards programs within the composites industry and one that also matches Cobra’s ongoing commitment to innovation and sustainability improvements. Working with the latest bio resin technology, natural fibre reinforcements and upcycled composite and wood production waste materials our Design and Development team have created some stunning trophies for this year’s award season.”

Source:

COBRA International Co.,Ltd.

01.04.2022

Carbios presents its 2021 Annual Results

  • 2021 Annual Results: First IFRS consolidated statements integrating the subsidiary Carbiolice
  • Plan to build a first industrial facility with a strong financial support from the French Government and the Grand-Est Region: site selected in France in partnership with Indorama Ventures, world leader in the production recycled PET
  • Successful commissioning of a demonstration facility in September 2021 and confirmation of the validity of the scale-up of Carbios’ enzymatic recycling technology
  • Takeover of Carbiolice and full integration in the consolidated IFRS statements since June 4th, 2021
  • Appointment of Philippe Pouletty as Chairman of the Board of Directors on April 1st, 2022
  • Appointment of Emmanuel Ladent as CEO of the Company on December 1st, 2021
  • Strengthening of Carbios’ financial structure: capital increase of €114 million with French and International investors and €30 million loan from the European Investment Bank (EIB)
  • Group’s cash position of €105 million as of December 31, 2021, which does not include the €30 million EIB loan due to be drawn down in the first half of 2022

Carbios,

  • 2021 Annual Results: First IFRS consolidated statements integrating the subsidiary Carbiolice
  • Plan to build a first industrial facility with a strong financial support from the French Government and the Grand-Est Region: site selected in France in partnership with Indorama Ventures, world leader in the production recycled PET
  • Successful commissioning of a demonstration facility in September 2021 and confirmation of the validity of the scale-up of Carbios’ enzymatic recycling technology
  • Takeover of Carbiolice and full integration in the consolidated IFRS statements since June 4th, 2021
  • Appointment of Philippe Pouletty as Chairman of the Board of Directors on April 1st, 2022
  • Appointment of Emmanuel Ladent as CEO of the Company on December 1st, 2021
  • Strengthening of Carbios’ financial structure: capital increase of €114 million with French and International investors and €30 million loan from the European Investment Bank (EIB)
  • Group’s cash position of €105 million as of December 31, 2021, which does not include the €30 million EIB loan due to be drawn down in the first half of 2022

Carbios, a pioneer in the development of enzymatic solutions dedicated to the end-of-life of plastic, announced its operating and financial results for the year 2021. The financial statements as of December 31, 2021, were approved by the Company’s Board of Directors at their meeting on March 31, 2022.

“In 2021, Carbios achieved several technical and industrial milestones testifying of the soundness and successful execution of our strategy. The excellent results obtained from our demonstration plant confirms the industrial scale-up potential of our biological technology for the recycling of PET plastics and fibers. Together with our Consortium members, we also produced the world’s first food-grade PET sample bottles produced entirely from enzymatically recycled plastics; a world first. In addition, we have strengthened our financial structure by raising a landmark €114 million in May 2021 and we have taken full control of Carbiolice in June. In line with our objectives and with a strong financial support from the French Government and the Grand-Est Region, we will soon enable France to host the world’s first industrial facility dedicated to the biological recycling of plastics. Carbios’ enzymatic process will make it possible to recycle more than 50,000 tons of PET plastic waste per year,” comments Emmanuel Ladent, CEO of Carbios. “Our priority for 2022 is to finalize the terms of our partnership with Indorama Ventures, which will host the world’s first industrial facility operating our biological recycling process at its French production site in Longlaville. This year will also be about optimizing our commercial strategy, while continuing our innovation efforts on the end-of-life of other polymers.”

Click here to for further information.

Source:

Carbios

(c) C.L.A.S.S.
31.03.2022

C.L.A.S.S.: Winner of the IMAGINING SUSTAINABLE FASHION competition announced

The winner of the IMAGINING SUSTAINABLE FASHION competition was announced during a webinar broadcast on March 30 at 4pm attended by Giusy Bettoni, CEO of C.L.A.S.S. Eco Hub, Anna Detheridge, President of Connecting Cultures, Dio Kurazawa, Founding Partner of The Bear Scouts, Stefania Ricci, Director of the Salvatore Ferragamo Museum.
 
Vishal Tolambia, 24, a graduate with an MA in Fashion Futures from the London College of Fashion and in Fashion Design from the National Institute of Fashion Technology India, is a Fashion Sustainability researcher and a multidisciplinary designer. In 2021, Vishal founded the organization Humanity-Centred Designs (HCD) with the aim of transforming "human-centred design into humanity-centred designs through sustainable practices to foster the Fashion Industry."
 

The winner of the IMAGINING SUSTAINABLE FASHION competition was announced during a webinar broadcast on March 30 at 4pm attended by Giusy Bettoni, CEO of C.L.A.S.S. Eco Hub, Anna Detheridge, President of Connecting Cultures, Dio Kurazawa, Founding Partner of The Bear Scouts, Stefania Ricci, Director of the Salvatore Ferragamo Museum.
 
Vishal Tolambia, 24, a graduate with an MA in Fashion Futures from the London College of Fashion and in Fashion Design from the National Institute of Fashion Technology India, is a Fashion Sustainability researcher and a multidisciplinary designer. In 2021, Vishal founded the organization Humanity-Centred Designs (HCD) with the aim of transforming "human-centred design into humanity-centred designs through sustainable practices to foster the Fashion Industry."
 
In his communication project, the "Fashion Affair" video proposes a speculative view of fashion dating - derived from dating apps - a tool to effectively evaluate brands and their products, in the form of augmented reality. The consumer is not only informed in real time about the brand and supply chain, but the app also becomes a platform for matching products based on individual sustainability goals and commitments. "Fashion Affair" also won the special social media contest open to the public among the finalists selected by the jury for being the most voted project by Instagram followers on C.L.A.S.S.' profile.
 
Vishal ranked first among the finalists selected by the international jury composed of:
- Anna Detheridge, Founder and President, Connecting Cultures
- Giusy Bettoni, CEO and Founder, C.L.A.S.S.
- Rita Airaghi, Director, Gianfranco Ferré Research Center            
- Paola Arosio, Head of New Brands & Sustainability Projects, Camera Nazionale della Moda Italiana (The National Chamber for Italian Fashion)
- Jeanine Ballone, Managing Director, Fashion 4 Development
- Evie Evangelou, Founder and President, Fashion 4 Development
- Chiara Luisi, Sustainability Projects Coordinator, Camera Nazionale della Moda Italiana (The National Chamber for Italian Fashion)
- Sara Kozlowski, Director of Education and Sustainable Strategies, Council of Fashion Designers of America
- Dio Kurazawa, Founding Partner, The Bear Scouts
- Renata Molho, journalist and fashion writer, former editor-in-chief of L'Uomo Vogue and editor-at-large of L'Uomo Vogue, Vogue Italia, Casa Vogue
- Stefania Ricci, Director, Salvatore Ferragamo Museum.

Hexcel Introduces G-Vent Technology into Marine Market (c) Hexcel
New technology for marine composites proven to reduce time and cost in manufacturing through out-of-autoclave processing
30.03.2022

Hexcel Introduces G-Vent Technology into Marine Market

  • New technology for marine composites proven to reduce time and cost in manufacturing through out-of-autoclave processing

Hexcel Corporation (NYSE: HXL) has developed a new technology for out-of-autoclave (OoA) processing that delivers a game-changing reduction in process time and cost for marine manufacturers without compromising mechanical performance. Hexcel has leveraged its experience in aerospace and wind energy to develop its new G-Vent technology for OoA processing of highly loaded, thick section marine structures such as masts, foils, and wind-assisted ship propulsion (WASP) components. Hexcel’s full range of marine prepregs are now available with integrated G-Vent technology, reducing the requirement for debulking steps and ensuring extremely low porosity (<1%) irrespective of the laminate thickness.

  • New technology for marine composites proven to reduce time and cost in manufacturing through out-of-autoclave processing

Hexcel Corporation (NYSE: HXL) has developed a new technology for out-of-autoclave (OoA) processing that delivers a game-changing reduction in process time and cost for marine manufacturers without compromising mechanical performance. Hexcel has leveraged its experience in aerospace and wind energy to develop its new G-Vent technology for OoA processing of highly loaded, thick section marine structures such as masts, foils, and wind-assisted ship propulsion (WASP) components. Hexcel’s full range of marine prepregs are now available with integrated G-Vent technology, reducing the requirement for debulking steps and ensuring extremely low porosity (<1%) irrespective of the laminate thickness.

To evaluate the new technology, Hexcel completed a test program with Q.I. Composites, a world leader in non-destructive testing in performance marine applications. The program evaluated HexPlyÒ 40- layer prepreg samples prepared with G-Vent technology. Carbon fiber panels made with no debulking revealed approximately three times less porosity than those using a typical 10-minute debulk with every second ply. Ultrasonic and CT scan analysis by Q.I. Composites confirmed the void content results with porosity levels in line with state-of-the-art autoclaved carbon prepreg foils. Key tensile, compressive and interlaminar shear strength results were also higher for the G-Vent panels.

“We evaluated the quality of thick laminates produced with G-Vent and found that they are comparable to laminates made in an autoclave as per best practice in the market,” said Stefano Beltrando, CEO, Q.I. Composites. “Even more impressive, they were achieved with no debulking.” Tom James, Business Development Manager at Hexcel, said, “We are absolutely delighted with the feedback from Q.I. that confirms our own test data and positions G-Vent technology as a leading OoA process enabler for high-performance thick laminate structures. G-Vent provides a faster and more cost-effective manufacturing route for large marine structures with absolutely no compromise in mechanical performance.”

Source:

100percentmarketing

Oerlikon Barmag celebrates its 100th anniversary (c) Oerlikon Barmag
A look at the state-of-the-art assembly of a WINGS winder
30.03.2022

Oerlikon Barmag celebrates its 100th anniversary

  • Innovation begins with creativity
  • A pioneer of the manmade fiber industry

When the manmade fiber age began a century ago, a German company was responsible for the pioneering work involved. Barmag, established in 1922, was one of the world’s first companies to construct machines for the large-scale production of synthetic staple fibers. To this day, the leading manufacturer of manmade fiber spinning systems and texturing machines in Remscheid – a brand under the aegis of the Swiss Oerlikon Group since 2007 – has shaped technological progress in this sector; in future, with ever more innovations focusing on sustainability and digitalization.

  • Innovation begins with creativity
  • A pioneer of the manmade fiber industry

When the manmade fiber age began a century ago, a German company was responsible for the pioneering work involved. Barmag, established in 1922, was one of the world’s first companies to construct machines for the large-scale production of synthetic staple fibers. To this day, the leading manufacturer of manmade fiber spinning systems and texturing machines in Remscheid – a brand under the aegis of the Swiss Oerlikon Group since 2007 – has shaped technological progress in this sector; in future, with ever more innovations focusing on sustainability and digitalization.

Barmer Maschinenfabrik Aktiengesellschaft (Barmag) is founded in Barmen, located in the Bergische Land region, on March 27, 1922. The German and Dutch founders enter unchartered technological territory, one created as the result of a groundbreaking invention: in 1884, French chemist Count Hilaire Bernigaud de Chardonnet used nitrocellulose to produce the first so-called artificial silk, later known as rayon. The following decades see rapid development focusing on the search for synthetic textile fibers and their manufacturing technologies. As one of the first machine factories, Barmag battles its way through the eventful early years of the manmade fiber industry, the ‘Roaring Twenties’ and the Great Depression – and suffers the extensive destruction of its factories at the end of World War Two. Rebuilding is successful. With the unstoppable success story of purely synthetic plastic fibers such as polyamide, the company flourishes from the 1950s through to the 1970s, establishing sites in all international, for the textile industry at the time important, industrial regions and garnering prestige across the globe in the process. In the ups and downs of expansion, global competition and crises, Barmag reaches the very pinnacle of the market and becomes the preferred technological development partner for the manmade fiber industries in China, India and Turkey. The company has been a high-impact brand under the umbrella of the Oerlikon Group since 2007.

On the wings of innovation
Today, Oerlikon Barmag is a leading supplier of manmade fiber filament spinning systems and part of the Manmade Fibers Solutions business unit of the Oerlikon Polymer Processing Solutions Division. And our aspirations have not diminished: “The striving towards innovation and technological leadership has been, is and will always be part of our DNA”, emphasizes Georg Stausberg, CEO of Oerlikon Polymer Processing Solutions. In the past, this has been observable in such trailblazing innovations as the revolutionary WINGS generation of winders for POY in 2007 and WINGS for FDY in 2012. Currently, the focus of new and further developments is very much on digitalization and sustainability. Here, Oerlikon Barmag has – as one of the world’s first systems manufacturers – been implementing fully-networked smart factories for globally-leading polyester manufacturers since the end of the last decade. Within this context, digital solutions and automation are also helping to provide greater climate and environmental compatibility. This sustainability commitment is not only evidenced by the e-save label introduced for all products back in 2004: Oerlikon is endeavoring to also make all its sites carbon-neutral by 2030 and to acquire its energy exclusively from renewable sources. An ambitious target, whose achievement could be helped by the Oerlikon Barmag anniversary, states Georg Stausberg: “Innovation begins with creativity. And remembering the past provides plenty of motivation and inspiration for the future.”

29.03.2022

C.L.A.S.S. SMART VOICES: A Spotlight On Water Saving Solutions

According to the United Nations Conference of Trade and Development, the fashion and textile industry represents one of the major polluters of water in the world, with an estimated 93 billion cubic metres of water used per year.

On the occasion of Water Day, C.L.A.S.S. CEO and Founder Giusy Bettoni talked to Sensil® BioCare, Kornit, Ecoalf and Unesco on how their strategies and processes can preserve our most precious, yet limited resource.

Key Takeaways from the Speakers:
"The ocean is absolutely crucial for the survival of this planet, since it almost covers 71 percent of its surface. Writer Arthur Clarke once said: how inappropriate is to call this planet earth, when it is clearly planet ocean."
- Francesca Santoro, Programme Specialist at IOC UNESCO Regional Bureau for Science and Culture in Europe

According to the United Nations Conference of Trade and Development, the fashion and textile industry represents one of the major polluters of water in the world, with an estimated 93 billion cubic metres of water used per year.

On the occasion of Water Day, C.L.A.S.S. CEO and Founder Giusy Bettoni talked to Sensil® BioCare, Kornit, Ecoalf and Unesco on how their strategies and processes can preserve our most precious, yet limited resource.

Key Takeaways from the Speakers:
"The ocean is absolutely crucial for the survival of this planet, since it almost covers 71 percent of its surface. Writer Arthur Clarke once said: how inappropriate is to call this planet earth, when it is clearly planet ocean."
- Francesca Santoro, Programme Specialist at IOC UNESCO Regional Bureau for Science and Culture in Europe

"Sensil® BioCare is our solution to reduce the persistence of textile waste in the ocean. We embedded technology in it so that if any microfiber is released in the washing, they will break down faster than conventional nylon. Based on an external study, we have seen an almost 60 percent microplastic reduction in two years"
- Michelle Lea, Vice President Global Marketing at Nilit

"When it comes to our printing processes, almost no water is in use and the waste is minimal. We have never seen this before in this industry. Based on LCA tests, when compared to screen printing our "Atlas Max" printer saves up to 93 percent of water, while the "Presto" printer saves up to 95 percent of water".
- Michal Arbel, Sustainability Communication Lead at Kornit Digital

"One of the most important projects of the company is Upcycling the Oceans, with the aim of tackling the marine litter in collaboration with the fishing sector. Last year, we collected 300 tons of litter from the seabed, and we promoted circular economy by transforming the waste in products."
- Irene Diez, Director at Ecoalf Foundation

Three Startups receive the Paint the Future award from AkzoNobel (c) AkzoNobel
24.03.2022

Three Startups receive the Paint the Future award from AkzoNobel

The three winners of the Paint the Future global startup challenge are all set to accelerate their innovative solutions for the paints and coatings industry. Following an intense three-day bootcamp, these startups were selected by an international jury to continue working with AkzoNobel on sustainable business opportunities.
 
These are the three winners of the Paint the Future global startup challenge:

  • SolCold (Israel) - Sustainable self-cooling coating based on anti-Stokes
  • Aerones (Latvia) - Robotics for wind turbine maintenance
  • SprayVision (Czech Republic) - Data-driven approach to optimal spray application of paint

“Through Paint the Future, we’re bringing innovation and sustainability together as a key driver of our business,” says Thierry Vanlancker, AkzoNobel CEO. “In our ecosystem, we collaborate with startups, suppliers, customers and academia around exciting solutions that will ensure a more sustainable future.”

The three winners of the Paint the Future global startup challenge are all set to accelerate their innovative solutions for the paints and coatings industry. Following an intense three-day bootcamp, these startups were selected by an international jury to continue working with AkzoNobel on sustainable business opportunities.
 
These are the three winners of the Paint the Future global startup challenge:

  • SolCold (Israel) - Sustainable self-cooling coating based on anti-Stokes
  • Aerones (Latvia) - Robotics for wind turbine maintenance
  • SprayVision (Czech Republic) - Data-driven approach to optimal spray application of paint

“Through Paint the Future, we’re bringing innovation and sustainability together as a key driver of our business,” says Thierry Vanlancker, AkzoNobel CEO. “In our ecosystem, we collaborate with startups, suppliers, customers and academia around exciting solutions that will ensure a more sustainable future.”

Paint the Future startup challenges are designed to connect startups with industry knowledge and expertise to help accelerate their solutions in the paints and coatings industry. This Paint the Future global startup challenge launched May 18, 2021, attracting 245 submissions from 62 countries. Ten finalists were invited to Amsterdam to participate in the bootcamp program.
 
This is AkzoNobel’s second global startup challenge, following its industry-first predecessor in 2019. Regional startup challenges have since been held in Brazil (2020), China (2021), and most recently in India (2022).

More information:
AkzoNobel Sustainability Coatings
Source:

AkzoNobel

23.03.2022

Annual General Meeting approves dividend of CHF 1.50 per share

The shareholders of Autoneum Holding Ltd approved all proposals of the Board of Directors at today’s Annual General Meeting and agreed to the proposed dividend of CHF 1.50 per share. Norbert Indlekofer becomes a new member of the Compensation Committee following the previously announced departure of This E. Schneider.

In accordance with Ordinance 3 on Measures to Combat the Coronavirus (COVID-19), the Board of Directors of Autoneum Holding Ltd decided to hold the 2022 Annual General Meeting without the physical presence of the shareholders. For this reason, the Company asked them in advance to exercise their rights exclusively through the independent voting proxy. He represented 66.9% of a total of 4 672 363 shares.

The shareholders approved the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements for 2021 as well as the proposed appropriation of available earnings. A dividend of CHF 1.50 per registered share will be paid out as of March 29, 2022. This corresponds to a distribution of around CHF 7 million, or around 30% of the consolidated profit attributable to Autoneum shareholders.

The shareholders of Autoneum Holding Ltd approved all proposals of the Board of Directors at today’s Annual General Meeting and agreed to the proposed dividend of CHF 1.50 per share. Norbert Indlekofer becomes a new member of the Compensation Committee following the previously announced departure of This E. Schneider.

In accordance with Ordinance 3 on Measures to Combat the Coronavirus (COVID-19), the Board of Directors of Autoneum Holding Ltd decided to hold the 2022 Annual General Meeting without the physical presence of the shareholders. For this reason, the Company asked them in advance to exercise their rights exclusively through the independent voting proxy. He represented 66.9% of a total of 4 672 363 shares.

The shareholders approved the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements for 2021 as well as the proposed appropriation of available earnings. A dividend of CHF 1.50 per registered share will be paid out as of March 29, 2022. This corresponds to a distribution of around CHF 7 million, or around 30% of the consolidated profit attributable to Autoneum shareholders.

Hans-Peter Schwald, Chairman of the Board of Directors, emphasized in his video message that the return to profitability and the distribution of a dividend are to be viewed as a positive sign and a success, especially given the challenging environment. CEO Matthias Holzammer, for his part, indicated how important the corporate strategy is for the ongoing and future success of the Company and how it was implemented last year. In addition, he highlighted that through its own strengths Autoneum had managed to improve its operating result in all four regions and to position itself well for the future.

Chairman Hans-Peter Schwald and the other members of the Board of Directors Rainer Schmückle, Liane Hirner, Norbert Indlekofer, Michael Pieper, Oliver Streuli and Ferdinand Stutz were confirmed in office for another year. Hans-Peter Schwald, Ferdinand Stutz and Oliver Streuli were re-elected to the Compensation Committee. Newly elected to the Compensation Committee was Norbert Indlekofer.

Source:

Autoneum AG

Graphic: Global Fashion Agenda
17.03.2022

Global Fashion Agenda and UN Climate Change Secretariat join forces

Global Fashion Agenda (GFA), the non-profit organisation that fosters collaboration on sustainability in fashion to drive impact, has forged a new alliance with UN Climate Change secretariat (UNFCCC) to accelerate the fashion industry’s climate action.
 
The Fashion On Climate report projects that if the fashion industry does not accelerate its response to climate change, by 2030 it will produce around twice the volume of greenhouse gas emissions required to align with the Paris Agreement global warming pathways by 2050. With the urgent need for industry transformation, the new alliance between GFA and UNFCCC will accelerate the impact of the UN Fashion Industry Charter for Climate Action which aims to drive the fashion industry to net-zero emissions no later than 2050 in line with keeping global warming below 1.5 degrees.
 

Global Fashion Agenda (GFA), the non-profit organisation that fosters collaboration on sustainability in fashion to drive impact, has forged a new alliance with UN Climate Change secretariat (UNFCCC) to accelerate the fashion industry’s climate action.
 
The Fashion On Climate report projects that if the fashion industry does not accelerate its response to climate change, by 2030 it will produce around twice the volume of greenhouse gas emissions required to align with the Paris Agreement global warming pathways by 2050. With the urgent need for industry transformation, the new alliance between GFA and UNFCCC will accelerate the impact of the UN Fashion Industry Charter for Climate Action which aims to drive the fashion industry to net-zero emissions no later than 2050 in line with keeping global warming below 1.5 degrees.
 
The collaboration will be activated around the organisations’ prestigious forums including GFA’s Global Fashion Summit and UNFCCC’s annual Conference of Parties (COP). Through these forums, the organisations will collaborate to unite fashion leaders and core stakeholders to facilitate knowledge sharing, impactful partnerships, and the implementation of bold actions needed to meet the Fashion Charter targets.
 
Global Fashion Summit: Copenhagen Edition 2022, the leading international forum for sustainability in fashion, will take place on 7-8 June in the grand setting of the Royal Opera House, Copenhagen, Denmark. Under the theme ‘Alliances For a New Era’ - the Summit will endeavour to form previously inconceivable alliances within the fashion industry and also examine atypical cross-industry alliances, in a bid to accelerate the transition to a net positive reality.
 
UNFCCC will, through the Fashion Charter, contribute to the Summit content, where they will share insights on its progress and what further solutions are needed. UNFCCC will also hold its annual Fashion Charter meeting at the Summit, where the organisations will convene relevant experts to join resources and discuss tools that can enable the sector to achieve its climate targets laid out in the charter. The alliance will also continue for future editions Global Fashion Summit in other locations, in addition to Copenhagen.
 
Beyond the Summit, GFA and UNFCCC will continue to work together to elevate publications and reports, such as the Fashion CEO Agenda, and inform Fashion Charter meetings during COP27 to raise awareness among leaders on the most pressing issues and priorities and urging commitments from industry leaders to drive change within social, environmental and circular dimensions.
 
Federica Marchionni, CEO, Global Fashion Agenda, says: “GFA is striving to create impactful alliances that can accelerate the fashion industry’s transition to a net zero reality. We are therefore thrilled to be collaborating with UNFCCC as its Fashion Charter is an essential tool to mobilise the necessary industry transformation. Through our collaboration, we hope to bring together core fashion stakeholders, foster pre-competitive collaboration and provide even deeper insights and guidance to advance progress.”
 
Niclas Svenningsen, Climate Action manager, UNFCCC, says, “We are excited for this opportunity to reinforce our collaboration with the Global Fashion Agenda. The climate crisis is today the paramount issue for the fashion sector to address. While the Fashion Charter brings together a wide range of stakeholders to work collaboratively on solutions, the Global Fashion Agenda is an important venue for broader sustainability discussions in the fashion sector. We see many opportunities for further strengthening and highlighting both the sustainability and the climate work through this collaboration.”

16.03.2022

Sarah Borghi's Green Collection is back with a range of sustainable tights and stockings

For its 2021 Green Collection, the Italian luxury hosiery brand Sarah Borghi presents a broadened product offer in terms of colors and categories, meeting the needs of a stylish, yet sustainable consumer. By mixing fashion, quality, innovation and research, the tights and stockings powerhouse continues its development in the journey towards a conscious future.

A decisive step has been added to the brand’s history thanks to the publication of the Integrated Report by Gizeta Calze. Sarah Borghi is one of the first Italian companies in the hosiery sector to include sustainability throughout its business model. A commitment of responsibility and transparency on a path that has been carried on for years and that, today more than ever, becomes of the utmost importance, as stated by Luca Marzocchi, CEO of Gizeta Calze. The Integrated Report provides a complete view of the business strategy, operating model and governance, which combines financial information with sustainability insights, conceived as complementary to other strategies and, indeed, essential for increasing business value.

For its 2021 Green Collection, the Italian luxury hosiery brand Sarah Borghi presents a broadened product offer in terms of colors and categories, meeting the needs of a stylish, yet sustainable consumer. By mixing fashion, quality, innovation and research, the tights and stockings powerhouse continues its development in the journey towards a conscious future.

A decisive step has been added to the brand’s history thanks to the publication of the Integrated Report by Gizeta Calze. Sarah Borghi is one of the first Italian companies in the hosiery sector to include sustainability throughout its business model. A commitment of responsibility and transparency on a path that has been carried on for years and that, today more than ever, becomes of the utmost importance, as stated by Luca Marzocchi, CEO of Gizeta Calze. The Integrated Report provides a complete view of the business strategy, operating model and governance, which combines financial information with sustainability insights, conceived as complementary to other strategies and, indeed, essential for increasing business value.

The collection presents a range of versatile, colorful products combined with extra-luxury comfort and designed for every type of woman: from seductive tights to everyday socks, together with knee- highs, up to athleisure with leggings.
 
The collection features two new generation materials. One is Amni Soul Eco®, a biodegradable in anaerobic conditions polyamide 6.6 yarn that degrades in around 5 years* after disposing of in landfill, developed by SOLVAY and produced and distributed by FULGAR. The other is ROICA™ V550 by leading fiber manufacturer Asahi Kasei, a premium sustainable stretch yarn boasting the Gold Level Material Health Certificate by Cradle-to-Cradle Product Innovation Institute** as it has been evaluated for impact on human and environmental health. Moreover, it smartly breaks down without releasing harmful substances in the environment according to Hohenstein Environment Compatibility Certification. Key elements that makes ROICA™ V550 a precious choice when it comes to Circular Economy material approach.


*Reference System: ASTM D5511 - Standard Test Method for the Determination of Anaerobic Biodegradation of Plastics Under High-solids Anaerobic Digestion Conditions
** The Cradle-to-Cradle Product Innovation Institute, a non -profit organization, administer the Cradle-to-Cradle Certified™ Product Standard. It was created to bring about a new industrial revolution that turns the making of things into a positive force of society, economy and the planet. The Cradle-to-Cradle Certified Product Standard™ provides designers and manufacturers with criteria and requirements for continually improving what products are made of and how they are made aiming to achieve a circular economy approach.

Source:

ROICA™ / Sarah Borghi / GB Network

Stephan Sielaff appointed as new CEO of Lenzing AG – changes in the Managing Board and the Supervisory Board
Stephan Sielaff
14.03.2022

Stephan Sielaff appointed as new CEO of Lenzing AG – changes in the Managing Board and the Supervisory Board

  • Stephan Sielaff replaces interim CEO Cord Prinzhorn
  • CFO Thomas Obendrauf will not extend his contract
  • Chairman of the Supervisory Board Peter Edelmann will no longer be available as Chairman at the end of the Annual Shareholders’ Meeting
  • Cord Prinzhorn returns to Supervisory Board and will take over as Chairman

Lenzing – The Supervisory Board of Lenzing AG, the world’s leading manufacturer of wood-based cellulosic fibers, has appointed Stephan Sielaff, the former CTO/COO of Lenzing AG, as the new CEO effective April 01, 2022. He succeeds Cord Prinzhorn, who took over as interim CEO in the fourth quarter of 2021. Cord Prinzhorn will return to the Supervisory Board of Lenzing AG. The Managing Board will thus be reduced again from five to four members.

  • Stephan Sielaff replaces interim CEO Cord Prinzhorn
  • CFO Thomas Obendrauf will not extend his contract
  • Chairman of the Supervisory Board Peter Edelmann will no longer be available as Chairman at the end of the Annual Shareholders’ Meeting
  • Cord Prinzhorn returns to Supervisory Board and will take over as Chairman

Lenzing – The Supervisory Board of Lenzing AG, the world’s leading manufacturer of wood-based cellulosic fibers, has appointed Stephan Sielaff, the former CTO/COO of Lenzing AG, as the new CEO effective April 01, 2022. He succeeds Cord Prinzhorn, who took over as interim CEO in the fourth quarter of 2021. Cord Prinzhorn will return to the Supervisory Board of Lenzing AG. The Managing Board will thus be reduced again from five to four members.

More information:
Lenzing AG Stephan Sielaff
Source:

Lenzing Aktiengesellschaft

13.03.2022

JEC Group supports Composites Expert To launch E-learning Composites Academy

On March 10th, JEC Group and Composites Expert have signed a partnership agreement to promote E-learning Composites Academy, the first 4.0 training platform dedicated to manufacturing processes of composite materials.

This partnership will start with two first steps: an introduction webinar session on March 15th at 4pm CET, and two sessions of training during JEC World 2022, on Tuesday, May 3rd and Wednesday, May 4th, in Paris where Composites Expert will present the E-learning Composites Academy, a new pedagogical approach aimed at appropriating knowledge of polymer transformation specially developed by Composites Expert.

Tools have been designed to combine the theoretical part (E-Learning course platform) and the practical part (BOXs, software, process simulator, exercises through manipulation) to observe complex phenomena, with the aim of mastering and optimising transformation processes. The aim of this presentation is to introduce people to the learning method and the interactivity of the teaching aids used in industry and education.

On March 10th, JEC Group and Composites Expert have signed a partnership agreement to promote E-learning Composites Academy, the first 4.0 training platform dedicated to manufacturing processes of composite materials.

This partnership will start with two first steps: an introduction webinar session on March 15th at 4pm CET, and two sessions of training during JEC World 2022, on Tuesday, May 3rd and Wednesday, May 4th, in Paris where Composites Expert will present the E-learning Composites Academy, a new pedagogical approach aimed at appropriating knowledge of polymer transformation specially developed by Composites Expert.

Tools have been designed to combine the theoretical part (E-Learning course platform) and the practical part (BOXs, software, process simulator, exercises through manipulation) to observe complex phenomena, with the aim of mastering and optimising transformation processes. The aim of this presentation is to introduce people to the learning method and the interactivity of the teaching aids used in industry and education.

“One of JEC Group’s objectives is to develop access to education to help the composites industry to attract and train talented professionals. So, we are very proud to announce this partnership and to support Composites Expert initiatives, as joining common efforts and strategies will benefit to the overall industry”, stated Anne-Carole Barbarin, Content and Product development Director.

“The partnership with JEC Group is a major step towards the development of our training platform, while several manufacturers have already supported us, such as Arkema, Chomarat, Daher, Diatex, Pinette PEI, Porcher, Sopara, joining JEC World to officially launch our platform is an amazing opportunity.”, stated Jean-Pierre Cauchois, CEO Composites Expert.

These training sessions are targeting companies’ employees who would like to improve their expertise, to study professional reconversion, the companies who would like to know more or use composite materials, and universities and school for students to go from theory to practical exercises.

Source:

JEC Group

Stephan Sielaff Photo: Lenzing. Stephan Sielaff appointed as new CEO of Lenzing AG
09.03.2022

Stephan Sielaff appointed as new CEO of Lenzing AG

  • Stephan Sielaff replaces interim CEO Cord Prinzhorn

  • CFO Thomas Obendrauf will not extend his contract

  • Chairman of the Supervisory Board Peter Edelmann will no longer be available as Chairman at the end of the Annual Shareholders’ Meeting

  • Cord Prinzhorn returns to Supervisory Board and will take over as Chairman

The Supervisory Board of Lenzing AG has appointed Stephan Sielaff, the former CTO/COO of Lenzing AG, as the new CEO effective April 01, 2022. He succeeds Cord Prinzhorn, who took over as interim CEO in the fourth quarter of 2021. Cord Prinzhorn will return to the Supervisory Board of Lenzing AG. The Managing Board will thus be reduced again from five to four members.

  • Stephan Sielaff replaces interim CEO Cord Prinzhorn

  • CFO Thomas Obendrauf will not extend his contract

  • Chairman of the Supervisory Board Peter Edelmann will no longer be available as Chairman at the end of the Annual Shareholders’ Meeting

  • Cord Prinzhorn returns to Supervisory Board and will take over as Chairman

The Supervisory Board of Lenzing AG has appointed Stephan Sielaff, the former CTO/COO of Lenzing AG, as the new CEO effective April 01, 2022. He succeeds Cord Prinzhorn, who took over as interim CEO in the fourth quarter of 2021. Cord Prinzhorn will return to the Supervisory Board of Lenzing AG. The Managing Board will thus be reduced again from five to four members.

Stephan Sielaff holds a degree in chemical engineering and held various management positions at Unilever and Symrise from 1993 to 2014. Between 2014 and 2020, he was responsible for the strategic development of the company as a Member of the Board of Directors (COO) at the Swiss specialty chemicals company Archroma – an important supplier of the textile and paper industry. He was appointed Chief Technology Officer and COO of Lenzing AG as of March 01, 2020.

CFO Thomas Obendrauf has informed the Supervisory Board that he will not be available for a further extension of his contract, which expires in June 2022. The Supervisory Board of Lenzing AG is already working on a timely replacement. Mr. Obendrauf will be available to the company in an advisory capacity until a successor is appointed.

Peter Edelmann will leave the Supervisory Board upon his own request, effective April 26, 2022. Cord Prinzhorn will return to the Supervisory Board and will take over as Chairman.

09.03.2022

adidas delivers strong results in 2021

  • adidas expects double-digit sales growth in 2022

Major developments FY 2021

•    Currency-neutral revenues up 16% driven by growth in all markets
•    Excellent top-line momentum in EMEA, North America and Latin America with strong double-digit increases in each region
•    Double-digit growth in DTC reflecting improvements in both online and offline
•    Gross margin increases to 50.7% driven by higher full-price sales and better inventory management  
•    Operating margin increases 5.3 percentage points to 9.4%  
•    Net income from continuing operations grows more than € 1 billion to € 1.492 billion
•    Executive and Supervisory Boards propose dividend increase of 10% to € 3.30 per share

Outlook for FY 2022

  • adidas expects double-digit sales growth in 2022

Major developments FY 2021

•    Currency-neutral revenues up 16% driven by growth in all markets
•    Excellent top-line momentum in EMEA, North America and Latin America with strong double-digit increases in each region
•    Double-digit growth in DTC reflecting improvements in both online and offline
•    Gross margin increases to 50.7% driven by higher full-price sales and better inventory management  
•    Operating margin increases 5.3 percentage points to 9.4%  
•    Net income from continuing operations grows more than € 1 billion to € 1.492 billion
•    Executive and Supervisory Boards propose dividend increase of 10% to € 3.30 per share

Outlook for FY 2022

•    Currency-neutral sales to increase at a rate between 11% and 13%, already reflecting up to € 250 million of risk in Russia/CIS business related to the war in Ukraine
•    Gross margin to increase to a level of between 51.5% and 52.0%
•    Operating margin to increase to a level of between 10.5% and 11.0%
•    Net income from continuing operations to grow to between € 1.8 billion and € 1.9 billion

Kasper Rorsted, CEO of adidas: “Unfortunately, we release our 2021 results in unsettling times. Our thoughts and prayers are with the Ukrainian people, our teams on the ground and everyone affected by the war. We strongly condemn any form of violence and stand in solidarity with all those calling for peace. We also provide immediate humanitarian aid to those in need of support. We will continue to follow the situation closely and take future business decisions and actions as needed, always prioritizing our employee’s safety and support.”

“In 2021, we delivered a strong set of results despite several external factors weighing on both demand and supply throughout the year”, Kasper Rorsted continued. “Wherever markets operated without major disruptions we have been experiencing strong top-line momentum. This is reflected in double-digit revenue growth in EMEA, North America and Latin America. While we continued to invest heavily into our brand, our direct-to-consumer business, and our digital transformation, we improved our bottom-line by more than € 1 billion. Taking it all together, 2021 was a successful first year within our new strategic cycle. In 2022, we will build on this momentum and continue to grow both our top- and bottom-line at double-digit rates amid heightened uncertainty.”

More information:
adidas Financial Year 2021
Source:

adidas Media Relations

C.L.A.S.S. ICON 2021 winner DUARTE returns to Milan Fashion Week launching its SEASON 2 “Eco-Street Dance” collection as a special feature at White Sustainable Milano inside the “Unveiling the fashion backstage” event (c) DUARTE
DUARTE SEASON 2 “Eco-Street Dance”
09.03.2022

DUARTE returns to Milan Fashion Week

  • C.L.A.S.S. ICON 2021 winner DUARTE returns to Milan Fashion Week launching its SEASON 2 “Eco-Street Dance” collection as a special feature at White Sustainable Milano inside the “Unveiling the fashion backstage” event

By mixing C.L.A.S.S. responsible materials, colorful prints, urban feels and artistic inspiration, the Portuguese streetwear brand creates a new style and a clear yet cool message for conscious fashion consumers
The rewarded 2021 C.L.A.S.S. Icon Award Portuguese brand Duarte is ready to presents its Fall/Winter 2022/23 collection developed in collaboration with C.L.A.S.S. Eco Hub during Milan Fashion Week. With the support of WHITE, Duarte’s creations will be featured as a special project at WSM (WHITE Sustainable Milano) platform space inside “Unveiling the fashion Backstage”, a docu-event focusing on an immersive journey into the amazing world of premium and smart supply chains that make innovative and responsible fashion wardrobes a reality.

  • C.L.A.S.S. ICON 2021 winner DUARTE returns to Milan Fashion Week launching its SEASON 2 “Eco-Street Dance” collection as a special feature at White Sustainable Milano inside the “Unveiling the fashion backstage” event

By mixing C.L.A.S.S. responsible materials, colorful prints, urban feels and artistic inspiration, the Portuguese streetwear brand creates a new style and a clear yet cool message for conscious fashion consumers
The rewarded 2021 C.L.A.S.S. Icon Award Portuguese brand Duarte is ready to presents its Fall/Winter 2022/23 collection developed in collaboration with C.L.A.S.S. Eco Hub during Milan Fashion Week. With the support of WHITE, Duarte’s creations will be featured as a special project at WSM (WHITE Sustainable Milano) platform space inside “Unveiling the fashion Backstage”, a docu-event focusing on an immersive journey into the amazing world of premium and smart supply chains that make innovative and responsible fashion wardrobes a reality.

For its second collection Duarte still counts on C.L.A.S.S. support in sourcing materials and communication activities as part of the Icon Award yearly program. The streetwear designer Ana Duarte, with the help of the Milanese hub, is back with a renewed collection that counts 40 pieces continuing the concept and the story behind the previous World Keeper: the irresistible superhero Tadao - Ana Duarte’s dog – fighting against the environmental issues created by mankind and personified as Smog Man (air pollution), Fire Man (climate change), Deforestation Man (forests destruction) and Wave Man (water overconsumption).

This time the inspiration is also Street Dance drawn directly from the city streets, with majorly unisex pieces (apart from some small specific details linked to sizes or ergonomics) and materials that both respect the planet and keep you warm. The prints drawn from ripped posters giving birth to a sort of new style that we can name “Eco-Street Dance”. The color palette explores the dark shades of grey, cream, blue and black, with artistic pops of color of a hopeful urban culture that tears apart posters from the past and turns them into a new brighter story. 

The linings complete the full sustainable picture, thanks to Bemberg™ by Asahi Kasei fabrics by Gianni Crespi Foderami. Bemberg™ is a new generation material made from the smart-tech transformation of cotton linter pre-consumer material, converted through a traceable and transparent closed loop process. Entirely made in Japan, it comes with Compostability and Ecotoxicity Certifications verified by Innovhub-SSI, RCS, OEKO-TEX® Standard 100 and the Eco Mark certifications. The factory is ISO 14001 certified, too.

The collection will mark the return of Duarte’s cool and responsible style to Milan Fashion week and White Sustainable Milano. “We are proud to support Duarte as her style, her creations, visual communication and message are so beautiful, innovative and responsible. On top of that, her message to the consumer is so clear and easy for everybody to understand. With Duarte it is very easy to make a “conscious choice” without any sacrifice, and completely in line with the C.L.A.S.S. manifesto” says Giusy Bettoni, C.L.A.S.S. CEO & founder.

INDA Announces Six New Board Members and Officers (c) INDA
INDA New BOD Members 2022
08.03.2022

INDA Announces Six New Board Members and Officers

  • INDA, the Association of the Nonwoven Fabrics Industry, today announced six new board members and its 2022 slate of officers to guide the success of the nonwovens industry and its members.

Elected by the INDA membership to three-year terms that began on March 1, the new board members bring a high level of diverse expertise and insight to the management of the association as it moves forward with its vibrant growth.

“I am delighted to welcome such a strong group of new board members who bring deep industry knowledge and insights to provide strategic stewardship for our association,” said Dave Rousse, INDA President. “We look forward to working with them to advance INDA’s new value proposition to enhance our industry’s leadership position and deliver greater value to our members.”

The new board members are from global leaders Lenzing Group, Bast Fibre Technologies, Reifenhauser Reicofil, Rockline Industries, Hollingsworth & Vose Company and Principle Business Enterprises.  

  • INDA, the Association of the Nonwoven Fabrics Industry, today announced six new board members and its 2022 slate of officers to guide the success of the nonwovens industry and its members.

Elected by the INDA membership to three-year terms that began on March 1, the new board members bring a high level of diverse expertise and insight to the management of the association as it moves forward with its vibrant growth.

“I am delighted to welcome such a strong group of new board members who bring deep industry knowledge and insights to provide strategic stewardship for our association,” said Dave Rousse, INDA President. “We look forward to working with them to advance INDA’s new value proposition to enhance our industry’s leadership position and deliver greater value to our members.”

The new board members are from global leaders Lenzing Group, Bast Fibre Technologies, Reifenhauser Reicofil, Rockline Industries, Hollingsworth & Vose Company and Principle Business Enterprises.  

INDA also announced Bryan Haynes, Ph.D., R&E Technical Director Kimberly-Clark, has been named Chairman of the Board. Barbara Lawless, Vice President Sales and Marketing, Medical Products, Precision Fabrics Group, Inc. has been elected Vice Chair of Finance, and Richard Altice, President and CEO of NatureWorks, has been appointed to INDA’s Executive Committee.

The new board members are:

  • Jürgen Eizinger, Senior Commercial Director, Nonwovens Business EU/AM/MEA, Lenzing Group

Eizinger has nearly 20 years of fiber industry experience. He has been with the Lenzing Group since 2001 and most recently was Vice President of the Global Nonwoven Business. He has worked at multiple locations around the world and held various commercial, engineering and technical customer services roles.

  • Jim Posa, President and General Manager, Bast Fibre Technologies, Inc.

Posa has 30-plus years of nonwovens experience and has successfully led businesses from startups to some of the largest companies in the nonwovens market. He has developed and implemented strategic business, development, operational and acquisition growth plans. His teams have worked with businesses focused on most of the major end use markets such as hygiene, wipes, filtration, medical and industrial. As a senior executive, Posa has led global businesses at Fiberweb, BP/Amoco, CEO of a Nisseki/Amoco joint venture (ANCI), Lydall, and Nitto America. A long-time INDA supporter, he has previously served on committees and as a Board member.

  • Markus Mueller – Sales Director and Board Member, Reifenhauser Reicofil

Mueller brings to the INDA Board 35 years of experience with Reifenhauser in the nonwovens and film industries. His experience has included roles as PLC Engineer, Commissioning Engineer, Project Manager and Sales Manager. Mueller has extensive knowledge of the global hygiene and medical nonwovens markets. He holds a degree in Electrical Engineering from the Technical University of Cologne.

  • Matt Koele, Director of Global Materials Development, Rockline Industries

Koele is based at Rockline’s headquarters in Sheboygan, WI.  Before joining Rockline in 2012, he has held several business and Research and Development (R&D) leadership positions at SC Johnson and Kimberly-Clark Corporation. An inventor with over 10 patents, Koele is a magna cum laude graduate of Michigan Technological University in Chemical Engineering.

  • Mike Clark, President, Filtration Solutions, Hollingsworth & Vose Company

Clark joined H&V in 2003 and has held numerous leadership positions in the U.S. and Germany. He previously served as the President of the High Efficiency and Specialty Filtration Division from 2009 to 2020.  Before joining H&V, Clark was a strategy consultant for eight years working with Fortune 100 manufacturing companies. He holds a bachelor’s in Mechanical Engineering from Rensselaer Polytechnic Institute.

  • Andrew Stocking, Ph.D., President and CEO, Principle Business Enterprises, Inc. (PBE)

Stocking joined PBE in 2017 after a career in engineering, technology, nonprofits and government. He was named President and COO in 2018, then President and CEO in 2020, becoming the third-generation leader of the family-owned organization. He previously held roles in the private sector and within federal government offices, including the Department of Energy and Congressional Budget Office. He earned a BS in Chemical Engineering and an MS in Civil Engineering from Stanford University, and a Ph.D. in Resource Economics from the University of Maryland.

The 21-member board is comprised of elected Board Officers. One-third of the entire Board is elected each year for a three-year term by a majority vote of INDA’s general membership. INDA’s Executive Committee, empowered to act on behalf of the Board between meetings, consists of the Board Officers plus four appointees.

Source:

INDA, Association of the Nonwoven Fabrics Industry

New Montalvo Technical Article - The Importance of Tension Control (c) Montalvo
Web Tension Control
02.03.2022

New Montalvo Technical Article - The Importance of Tension Control

Montalvo, an international specialist in Web Tension Control and Web Handling, is proud to publish its latest technical in-depth article about the Importance of Tension Control. In this article, Montalvo covers what Web Tension is, why it is so crucial in the production line, and a how-to on the best ways to maintain, control, and adjust the tension throughout your run. This article offers a thorough and in-depth understanding of the world of Tension Control and answers some of the most common questions manufacturers have asked over the years.

Montalvo, an international specialist in Web Tension Control and Web Handling, is proud to publish its latest technical in-depth article about the Importance of Tension Control. In this article, Montalvo covers what Web Tension is, why it is so crucial in the production line, and a how-to on the best ways to maintain, control, and adjust the tension throughout your run. This article offers a thorough and in-depth understanding of the world of Tension Control and answers some of the most common questions manufacturers have asked over the years.

CEO Bryon Williams says “For 75 years we have been providing Tension Control solutions for different manufacturers around the world. As tension control technologies change and the next generation of manufacturers come online it’s vital to understand the role tension control plays in the manufacturing process, the basics, and where. This article provides the foundation of tension control knowledge. We are proud not just to be the world leader in providing Tension Control Solutions, but also to be the world leader in providing technical support and sharing our knowledge of the industry. We are Web Handling and Tension Control Experts offering Better Support, Better Service, for Better Web Control.”
 

More information:
Montalvo web tension control
Source:

The Montalvo Corporation

02.03.2022

Indorama Ventures reports record FY2021 performance as the global recovery drove volumes

  • IVL commits to being an industry leader in sustainability under ‘Vision 2030’

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today reported a record FY2021 performance as the economic recovery drove demand across the company’s global footprint. 

Mr Aloke Lohia, Indorama Ventures Group CEO, said: “In 2021 we proved the resilience of our global footprint and our integrated portfolio across the polyester value chain. The past two years were an unprecedented period of disruption in which our business model’s robustness and our teams’ agility were tested. Having reset our business plan for the ‘new normal’ era, I have never been more confident in our model, our strategy, and our teams."

2021 Summary

In 2021, IVL delivered Core EBITDA of US$1,743 million (up 55% YoY) on production volumes of 14.72 MMT (up 7% YoY). Consolidated Revenue increased 38% YoY to US$14,629 million as consumer confidence rebounded and the company’s resilient model benefited from rising inflation, energy price hikes and supply chain shocks.

  • IVL commits to being an industry leader in sustainability under ‘Vision 2030’

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today reported a record FY2021 performance as the economic recovery drove demand across the company’s global footprint. 

Mr Aloke Lohia, Indorama Ventures Group CEO, said: “In 2021 we proved the resilience of our global footprint and our integrated portfolio across the polyester value chain. The past two years were an unprecedented period of disruption in which our business model’s robustness and our teams’ agility were tested. Having reset our business plan for the ‘new normal’ era, I have never been more confident in our model, our strategy, and our teams."

2021 Summary

In 2021, IVL delivered Core EBITDA of US$1,743 million (up 55% YoY) on production volumes of 14.72 MMT (up 7% YoY). Consolidated Revenue increased 38% YoY to US$14,629 million as consumer confidence rebounded and the company’s resilient model benefited from rising inflation, energy price hikes and supply chain shocks.

Macroeconomic tailwinds supported IVL’s performance, including government stimulus packages. In premium western markets, higher freight rates improved the company’s local import parity pricing advantage. In the fourth quarter, the introduction of China’s dual control policy widened polyester margins. 

IVL’s largest Combined PET segment posted a 39% increase in Core EBITDA to US$1,103 million in the context of strong demand and low inventories. The resetting of PET contracts in 2022 is expected to capture higher freight rates and the consequent beneficial impact on import parity. The segment is expected to enjoy improved margins in 2022.

Integrated Oxides & Derivatives (IOD) recorded a Core EBITDA of US$377 million, up 228% from a year earlier. With higher oil prices expected to continue into 2022, the segment will continue to benefit from shale gas economics, improving MEG spreads, and upside from Lake Charles (IVOL) ethylene cracker, which resumed operations in late 2021. The Oxiteno acquisition, expected to close in H1 2022, will bring complementary products, green energy innovation, and geographical diversification to the IOD segment.

Fibers segment delivered a 37% increase in Core EBITDA of US$268 million as volumes rose 11%. Margins widened due to tighter markets and a favorable product mix, with setbacks coming from energy and commodity price increases, while the ongoing semiconductor shortage impacted the Mobility vertical.

Mr D K Agarwal, CEO and CFO at Indorama Ventures, said: “The performance was a result of a number of important macroeconomic factors, such as heightened crude oil prices, supply disruptions, and resurgent consumer confidence as vaccinations were rolled out in the pandemic’s second full year. These factors led to improved margins and benefited us as a preferred regional supplier that can react quickly to fulfill our customer needs. Our transformation programs that we started three years ago are also delivering efficiency gains faster than planned. As the world emerges from the pandemic, our increased confidence in IVL’s resilient model sets a strong foundation for further growth through 2024.”

Source:

Indorama Ventures Public Company Limited

22.02.2022

Perlon GmbH in Germany takes over NOWO Products Sp.z.o.o. in Poland

Perlon® - The Filament Company - headquartered in Munderkingen, Germany, which specializes in the manufacture of synthetic filaments for the Paper-, Brush-, Cosmetics- and Dental industry buys NOWO Products Sp.z.o.o. in Kluczbork, Poland. NOWO is a leading European producer of twisted monofilaments for the global paper industry. Perlon® herewith expands its market leadership in the Paper Machine Clothing segment through this acquisition which is regarded as a vertically integrated investment for the Perlon® Group.

“With the merger of the Perlon® Group and NOWO, we are reinforcing a company that is geared towards the global paper industry of the future and we are expanding our market leadership in this segment. NOWO is a perfect fit for the Perlon® Group with its long-term experience and special knowledge in the production of twisted monofilaments and this complements our existing product portfolio well.” states Florian Kisling, CEO of Perlon®.

The Perlon® Group will take over NOWO Products with all 40 employees and production lines located in the NOWO factory in Kluczbork, Poland.

Perlon® - The Filament Company - headquartered in Munderkingen, Germany, which specializes in the manufacture of synthetic filaments for the Paper-, Brush-, Cosmetics- and Dental industry buys NOWO Products Sp.z.o.o. in Kluczbork, Poland. NOWO is a leading European producer of twisted monofilaments for the global paper industry. Perlon® herewith expands its market leadership in the Paper Machine Clothing segment through this acquisition which is regarded as a vertically integrated investment for the Perlon® Group.

“With the merger of the Perlon® Group and NOWO, we are reinforcing a company that is geared towards the global paper industry of the future and we are expanding our market leadership in this segment. NOWO is a perfect fit for the Perlon® Group with its long-term experience and special knowledge in the production of twisted monofilaments and this complements our existing product portfolio well.” states Florian Kisling, CEO of Perlon®.

The Perlon® Group will take over NOWO Products with all 40 employees and production lines located in the NOWO factory in Kluczbork, Poland.

More information:
Perlon Group Perlon
Source:

Perlon GmbH

17.02.2022

C.L.A.S.S. will be at Filo to highlight the role of yarns in responsible innovation

The international eco-hub will be at Filo (23-24 February) with key partners such as Bemberg™ by Asahi Kasei, ROICA™ by Asahi Kasei, Ghezzi, Circular Systems™ and SUPREME GREEN COTTON® by Varvaressos to highlight the role of yarns in responsible innovation.

C.L.A.S.S. is ready for yet another moment dedicated to share and amplify its message of responsible innovation together with its key partners. The international eco-hub has been invited to attend the Filo fair with its own space in order to spread the word on the utmost importance of injecting innovation, sustainability and change starting from the very beginning of the supply chain.

“We are extremely pleased to be here at Filo, the fair for the very first and fundamental ingredient of fashion” Says Giusy Bettoni, Founder and CEO C.L.A.S.S. “We believe this is a valuable opportunity to  share possibilities and chances to start a conscious and yet innovative fashion product by learning about the latest developments in smart yarns”.

The international eco-hub will be at Filo (23-24 February) with key partners such as Bemberg™ by Asahi Kasei, ROICA™ by Asahi Kasei, Ghezzi, Circular Systems™ and SUPREME GREEN COTTON® by Varvaressos to highlight the role of yarns in responsible innovation.

C.L.A.S.S. is ready for yet another moment dedicated to share and amplify its message of responsible innovation together with its key partners. The international eco-hub has been invited to attend the Filo fair with its own space in order to spread the word on the utmost importance of injecting innovation, sustainability and change starting from the very beginning of the supply chain.

“We are extremely pleased to be here at Filo, the fair for the very first and fundamental ingredient of fashion” Says Giusy Bettoni, Founder and CEO C.L.A.S.S. “We believe this is a valuable opportunity to  share possibilities and chances to start a conscious and yet innovative fashion product by learning about the latest developments in smart yarns”.