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2nd Bangladesh Circular Economy Summit Photo: Bangladesh Apparel Exchange
17.06.2024

2nd Bangladesh Circular Economy Summit

Fashion industry leaders, organizations, and government representatives came together for the 2nd Bangladesh Circular Economy Summit in Dhaka to exchange insights and expertise aimed at advancing circularity within the apparel and textiles sector in Bangladesh.

The Summit, organized by the Bangladesh Apparel Exchange (BAE) in collaboration with German development cooperation agency GIZ and in association with the Embassy of the Kingdom of the Netherlands in Bangladesh at Radisson Blu Water Garden, Dhaka on June 11, spotlighted the importance and ways of transitioning from a linear economic model to one that prioritizes resource efficiency and waste reduction.

The discussions and engagement at the summit aimed at propelling the transition from a linear to a circular model in Bangladesh’s apparel and textile industries.

The summit began with an inaugural ceremony, followed by four insightful plenary sessions, three engaging panel discussions, and an innovative breakout session. Through these platforms, participants explored strategies to accelerate the adoption of circular practices within Bangladesh’s apparel and textile industries.

Fashion industry leaders, organizations, and government representatives came together for the 2nd Bangladesh Circular Economy Summit in Dhaka to exchange insights and expertise aimed at advancing circularity within the apparel and textiles sector in Bangladesh.

The Summit, organized by the Bangladesh Apparel Exchange (BAE) in collaboration with German development cooperation agency GIZ and in association with the Embassy of the Kingdom of the Netherlands in Bangladesh at Radisson Blu Water Garden, Dhaka on June 11, spotlighted the importance and ways of transitioning from a linear economic model to one that prioritizes resource efficiency and waste reduction.

The discussions and engagement at the summit aimed at propelling the transition from a linear to a circular model in Bangladesh’s apparel and textile industries.

The summit began with an inaugural ceremony, followed by four insightful plenary sessions, three engaging panel discussions, and an innovative breakout session. Through these platforms, participants explored strategies to accelerate the adoption of circular practices within Bangladesh’s apparel and textile industries.

Speakers at the Opening ceremony

  • H.E. Jahangir Kabir Nanak, Honorable Minister for Textiles & Jute, Government of the People’s Republic of Bangladesh,
  • Mr. Siddiqur Rahman, former President of BGMEA
  • Mr. Thijs Woudstra, Deputy Head of Mission, Embassy of the Kingdom of the Netherlands in Bangladesh
  • Mr. Jan Janowski, Deputy Head of Mission, Embassy of Germany in Bangladesh
  • Mr. Mostafiz Uddin, Founder & CEO, Bangladesh Apparel Exchange
Source:

Bangladesh Apparel Exchange

EURATEX elects new President (c) EURATEX
From the left: Ismail Kolunsag, Barbara Cimmino, Mario Jorge Machado and Grégory Marchant.
17.06.2024

EURATEX elects new President

Portuguese textile entrepreneur, Mario Jorge Machado, has been elected President of EURATEX during its General Assembly on 14 June. The Assembly also nominated Alberto Paccanelli as Honorary President.

Mario Jorge Machado has an extensive career in textiles. Mario is currently a shareholder and director of "Adalberto Textile Solutions, S.A.", where he applies advanced management practices to boost competitiveness and innovation. He has been president of the Textile and Clothing Association of Portugal (ATP) since 2019, and he stands out for his strategic leadership in the textile and clothing sector, promoting innovation and sustainability. He represents ATP on the Board of CIP - Confederação Empresarial de Portugal and chairs CIP's strategic council for the environment and sustainability.

With a degree in Production Polymer Engineering from the University of Minho, his expertise ranges from continuous process improvement to the development of B2B commercial teams and B2C business models. His vision encompasses operational excellence and the implementation of sustainable practices, contributing to the evolution of the textile industry.

Portuguese textile entrepreneur, Mario Jorge Machado, has been elected President of EURATEX during its General Assembly on 14 June. The Assembly also nominated Alberto Paccanelli as Honorary President.

Mario Jorge Machado has an extensive career in textiles. Mario is currently a shareholder and director of "Adalberto Textile Solutions, S.A.", where he applies advanced management practices to boost competitiveness and innovation. He has been president of the Textile and Clothing Association of Portugal (ATP) since 2019, and he stands out for his strategic leadership in the textile and clothing sector, promoting innovation and sustainability. He represents ATP on the Board of CIP - Confederação Empresarial de Portugal and chairs CIP's strategic council for the environment and sustainability.

With a degree in Production Polymer Engineering from the University of Minho, his expertise ranges from continuous process improvement to the development of B2B commercial teams and B2C business models. His vision encompasses operational excellence and the implementation of sustainable practices, contributing to the evolution of the textile industry.

The Assembly also nominated Alberto Paccanelli as Honorary President, recognising over a decade of commitment to EURATEX and the European textile industry.

EURATEX General Assembly also elected 4 other members of the Presidency Team: Michael Kamm (ZWILLING Gruppe, Germany), Barbara Cimmino (Yamamay, Italy), Grégory Marchant (UTT, France) and Ismail Kolunsag (Cross Tekstil, Turkey). During the Assembly, EURATEX also welcomed new memberships from CEMATEX and Forschungskuratorium Textil e. V., and a partnership with Reju. (France).

More information:
Euratex President general assembly
Source:

EURATEX

THREAD project: Addressing Textile Waste in the NPA Region (c) WDC
10.06.2024

THREAD project: Addressing Textile Waste in the NPA Region

The Western Development Commission (WDC) announces the successful funding of the THREAD project. Supported by the Interreg Northern Periphery and Arctic Programme, THREADs (Textile and Habiliment Reuse for the Environment and NPA Area Development) is set to launch a transformative three-year initiative starting in September 2024, focusing on innovative textile waste management.

THREADs aims to significantly reduce textile waste in the Northern Periphery and Arctic region. With a total budget of €1.5 million, the project will implement a range of innovative approaches across the textile lifecycle—from design to disposal. This initiative includes trialling smart waste collection methods, enhancing circular practices, and integrating social inclusion initiatives in circularity efforts. Additionally, the project will explore new business models to support sustainable practices.

The Western Development Commission (WDC) announces the successful funding of the THREAD project. Supported by the Interreg Northern Periphery and Arctic Programme, THREADs (Textile and Habiliment Reuse for the Environment and NPA Area Development) is set to launch a transformative three-year initiative starting in September 2024, focusing on innovative textile waste management.

THREADs aims to significantly reduce textile waste in the Northern Periphery and Arctic region. With a total budget of €1.5 million, the project will implement a range of innovative approaches across the textile lifecycle—from design to disposal. This initiative includes trialling smart waste collection methods, enhancing circular practices, and integrating social inclusion initiatives in circularity efforts. Additionally, the project will explore new business models to support sustainable practices.

The project unites a diverse group of partners from across Europe, reflecting a collaborative effort to tackle an urgent environmental issue. The lead partner, Kajaani University of Applied Sciences from Finland, is joined by other key stakeholders including the Municipality of Kittilä, Kiertokaari Ltd, Remiks Husholdning AS from Norway, Technological University of the Shannon – Forge Design Factory from Ireland, University of Boras and Lulea Miljoresurs AB from Sweden, and the Icelandic Textile Center.

The funding announcement marks a crucial step towards implementing effective solutions that address both the environmental impact of textile waste and the challenges posed by fast fashion in sparsely populated areas. By focusing on sustainability and efficient resource use, THREADs is poised to create meaningful change in the way textile management is approached in the NPA region.

10.06.2024

Gesamtverband textil+mode: Pilotprojekt für smartes textiles Rücknahmesystem

Unter der Überschrift „Starke Partner für starke Lösungen“ haben sich der Gesamtverband der deutschen Textil- und Modeindustrie e. V., das Forschungskuratorium Textil e. V., die Stiftung GRS-Batterien und die Gemeinsame Rücknahmesystem Servicegesellschaft mbH zu einem Konsortium für ein gemeinsames Pilotprojekt zusammengetan. Ziel ist es, die Erfahrungen aus dem Rückgabesystem für Batterien zu nutzen, um ein auf mittelständische Textil- und Modehersteller zugeschnittenes gemeinnütziges Rücknahmesystem zu entwickeln.

Uwe Mazura, Hauptgeschäftsführer des Gesamtverbandes der deutschen Textil- und
Modeindustrie: „Mit dem neuen Konsortium schmieden wir eine starke Allianz und wollen als zentrale Player die Anforderungen des Gesetzgebers maßgeblich mitgestalten. Wir wollen Lösungen entwickeln, die ganz neue Standards in Sachen Nachhaltigkeit und Kreislaufwirtschaft in der Textil- und Modeindustrie setzen.“

Unter der Überschrift „Starke Partner für starke Lösungen“ haben sich der Gesamtverband der deutschen Textil- und Modeindustrie e. V., das Forschungskuratorium Textil e. V., die Stiftung GRS-Batterien und die Gemeinsame Rücknahmesystem Servicegesellschaft mbH zu einem Konsortium für ein gemeinsames Pilotprojekt zusammengetan. Ziel ist es, die Erfahrungen aus dem Rückgabesystem für Batterien zu nutzen, um ein auf mittelständische Textil- und Modehersteller zugeschnittenes gemeinnütziges Rücknahmesystem zu entwickeln.

Uwe Mazura, Hauptgeschäftsführer des Gesamtverbandes der deutschen Textil- und
Modeindustrie: „Mit dem neuen Konsortium schmieden wir eine starke Allianz und wollen als zentrale Player die Anforderungen des Gesetzgebers maßgeblich mitgestalten. Wir wollen Lösungen entwickeln, die ganz neue Standards in Sachen Nachhaltigkeit und Kreislaufwirtschaft in der Textil- und Modeindustrie setzen.“

Die aktuelle politische Diskussion um die sogenannte „Erweiterte Herstellerverantwortung“ wird von den Partnern des Pilotprojekts als Chance für eine proaktive Mitgestaltung gesehen, wie Dr.-Ing. Julia Hobohm, Geschäftsführerin der Gemeinsames Rücknahmesystem Servicegesellschaft mbH betont: „Tatsächliche Herstellerverantwortung erfordert den Aufbau einer funktionierenden und schlagkräftigen Producer Responsibility Organisation und sollte dringend auch von den Herstellern mitgestaltet werden. Wir freuen uns auf das gemeinsame Projekt und die Zusammenarbeit.“

Die deutsche Textil- und Modeindustrie mit ihren rund 1 400 Unternehmen und über 120 000 Beschäftigten sowie mit ihrer leistungsfähigen Textilforschung an 16 Instituten bringt ihr Know-how in das Pilotprojekt ein. Ziel ist es, Textilien an ihrem Lebensende nicht einfach als Abfall, sondern als Rohstoff zu sehen. Um dies zu erreichen, müssen viele technische Herausforderungen gelöst werden. So kommen neben hochwertigen und recycelbaren Textilien auch immer mehr minderwertige Ultra-Fast-Fashion-Textilien globaler Billigmarken in den Abfallkreislauf. Im Pilotprojekt sollen sogenannte Producer Responsibility Organisations (PROs) dafür sorgen, dass Sammel- und Recyclingziele sowie hochwertige Wiederverwendungs- und Verwertungsverfahren erreicht werden. Das Projekt setzt sich aus Experten der beteiligten Verbände, der Wissenschaft und der PROs zusammen und soll durch weitere Verbände, Politik und Behörden begleitet werden.

Successful closing of drupa 2024 (c) Messe Düsseldorf / ctillmann
10.06.2024

Successful closing of drupa 2024

drupa 2024 in Düsseldorf drew to a successful close on 7 June after eleven days. 1,643 exhibitors from 52 nations presented a showcase of innovations in the Düsseldorf exhibition halls and thrilled the trade visitors with performances. The international share of the visitors was 80%, with attendees coming from 174 countries. After Europe, Asia was the most strongly represented region with 22%, followed by America with 12%.  Asia as well as Latin America and the MENA region are markets with great growth potential, which was reflected in the significant increase in exhibitors' presence and order books.

Exhibitors praised the high level of decision-making competence of visitors. They, in turn, gave top marks to the range of products and services on offer in the 18 exhibition halls. Around 96% of all visitors confirmed that they had fully achieved the objectives associated with their visit. At over 50%, most of them came from the printing industry, followed by the packaging industry, whose share has increased significantly and which was the focus of many exhibitors as a growth driver. In total, 170,000 trade visitors attended drupa 2024.

drupa 2024 in Düsseldorf drew to a successful close on 7 June after eleven days. 1,643 exhibitors from 52 nations presented a showcase of innovations in the Düsseldorf exhibition halls and thrilled the trade visitors with performances. The international share of the visitors was 80%, with attendees coming from 174 countries. After Europe, Asia was the most strongly represented region with 22%, followed by America with 12%.  Asia as well as Latin America and the MENA region are markets with great growth potential, which was reflected in the significant increase in exhibitors' presence and order books.

Exhibitors praised the high level of decision-making competence of visitors. They, in turn, gave top marks to the range of products and services on offer in the 18 exhibition halls. Around 96% of all visitors confirmed that they had fully achieved the objectives associated with their visit. At over 50%, most of them came from the printing industry, followed by the packaging industry, whose share has increased significantly and which was the focus of many exhibitors as a growth driver. In total, 170,000 trade visitors attended drupa 2024.

Digitalisation
Automation took centre stage at this year’s drupa, with a strong focus on AI and smart workflows, including software solutions. It became clear that digital and analogue technologies ideally complement and benefit from each other. Traditional industry leaders presented a wide range of digital solutions, while digital pioneers integrated conventional components into their offerings. Robotics played an important role in the exhibition halls and illustrated the path towards the smart factory.

Transformation and growth
drupa made it clear that the industry has great potential for the future, even against the backdrop of many challenges, and that the prospects are promising. In the last financial year, the global printing industry achieved a turnover of around EUR 840 billion (source: Smithers) and continues to develop at varying pace worldwide.
Many new strategic alliances concluded at the trade fair reflected the opportunities that are only possible in such a concentrated form at drupa.

Sustainable technologies
Technology is the key to achieving sustainability goals - exhibitors at drupa illustrated this with numerous practice-orientated developments and concrete solutions. Top priority is given to resource efficiency and the path to a functioning circular economy. In addition, Touchpoint Sustainability from the VDMA, the German Machinery and Equipment Manufacturers’ Association, showcased current state of the art innovations, presented best-practice use cases and gave a far-reaching outlook into the future of a sustainable printing industry.

Knowledge transfer
The supporting programme with its five special forums drupa cube, drupa next age (dna) and the Touchpoints Packaging, Textile and Sustainability was well received. In times of constant change and the resulting new business models, they ensured an intensive transfer of knowledge and provided important guidance. Guided tours on various key topics rounded off the trade fair experience.

The next drupa will be held in 2028.

Source:

Messe Düsseldorf GmbH

07.06.2024

Stratasys: Expanded Materials and Technology Updates

Stratasys Ltd. is announcing updates to several Industrial and Healthcare Business Unit products and Stratasys Direct. These include a new open platform for the F900™ 3D printer, more on-demand 3D printing capabilities and a new high-performance material for its Fused Deposition Modeling line.

OpenAM comes to the F900
Stratasys OpenAM™ is a software application that enables the user to modify machine controls to achieve results beyond standard print settings. Already available for the Fortus 450®mc printer, Stratasys is now making its OpenAM software available for the F900 printer. This will allow for expanded functionality and capabilities and will unlock new materials for F900 users.

Stratasys Ltd. is announcing updates to several Industrial and Healthcare Business Unit products and Stratasys Direct. These include a new open platform for the F900™ 3D printer, more on-demand 3D printing capabilities and a new high-performance material for its Fused Deposition Modeling line.

OpenAM comes to the F900
Stratasys OpenAM™ is a software application that enables the user to modify machine controls to achieve results beyond standard print settings. Already available for the Fortus 450®mc printer, Stratasys is now making its OpenAM software available for the F900 printer. This will allow for expanded functionality and capabilities and will unlock new materials for F900 users.

New VICTREX AM 200 material for FDM
A new material offering that opens the application potential for demanding industries like aerospace and medical, where material properties are critical components of a 3D-printed solutions. This new high-performance, high-strength, validated material, VICTREX AM™ 200, will be available for the Fortus 450mc and the F900. VICTREX AM 200 is a PEEK-based polymer that is temperature, corrosion, and chemical resistant, with excellent mechanical properties which can be utilized with soluble and breakaway support material.

Carbon Fiber Visual Print Option for the F-Series
Carbon Fiber Visual Print Option is a new 5-slice (0.005”) layer height across the F-123 Series™ line of printers that is coming later this month for FDM®ABS-CF10. It produces a smoother surface finish, to provide the perfect finish when a part’s visual appearance is important to the application. It is built for applications that demand the durability of a carbon-filled polymer, but also requires a visually appealing result without additional post-processing.

F770 adds New Colors
The F770® printer can now print in multiple colors, in addition to its original single ivory color. Six new ASA colors, including red, white, light gray, black, blue, and yellow, will allow for more application versatility with FDM® ASA and ABS-M30 tried-and-true engineering plastics. The new colors enable printing without painting or other post-production marking, allowing parts to be available much faster, increasing productivity.

Somos NeXt Validated for SLA
Somos® NeXt™ is now a validated material for Stratasys NEO® stereolithography 3D printers. Somos NeXt is a resin with superior strength and can be used in automotive and consumer products, along with other applications, including prototyping, to produce durable, accurate and detailed parts.

New GrabCAD Software Print Integration Enhances On-Demand 3D Printing Capabilities
Stratasys has introduced Parts on Demand by GrabCAD, a new integration that synchronizes the company's software platform with Stratasys Direct. This addition allows GrabCAD Print™ customers to access Stratasys Direct’s fleet of 3D printers, allowing for larger and more intricate designs, a selection of more than 50 engineered materials, and the assurance of stringent quality inspections.

Source:

Stratasys Ltd.

EREMA Group recognizes great potential for plastics recycling (c) EREMA Group GmbH
CEO Manfred Hackl (on the right) and CFO Horst Wolfsgruber
07.06.2024

EREMA Group recognizes great potential for plastics recycling

The EREMA Group, based in Ansfelden near Linz, Austria, closes the financial year 2023/24 with total revenues of EUR 380 million. A joint venture with the Lindner Group sees the group of companies expand its portfolio to include washing technology. EREMA Group GmbH now has eight subsidiaries: EREMA, PURE LOOP, PLASMAC, KEYCYCLE, Lindner Washtech, UMAC, plasticpreneur and 3S.

"With our machines and components, we have now reached a recycling volume of more than 25 million tonnes per year worldwide, which makes a significant contribution to the development of a circular economy for plastics," says Manfred Hackl, CEO of the EREMA Group. The group of companies manufactured 290 extruders for recycling plastic in the past financial year, supplemented by over 100 add-on components such as filter systems and ReFresher anti-odour technology. These recycling solutions generated total sales of EUR 380 million. Around 8,500 machines and components from the group are in operation in more than 100 countries. The EREMA Group employs 950 people worldwide.

The EREMA Group, based in Ansfelden near Linz, Austria, closes the financial year 2023/24 with total revenues of EUR 380 million. A joint venture with the Lindner Group sees the group of companies expand its portfolio to include washing technology. EREMA Group GmbH now has eight subsidiaries: EREMA, PURE LOOP, PLASMAC, KEYCYCLE, Lindner Washtech, UMAC, plasticpreneur and 3S.

"With our machines and components, we have now reached a recycling volume of more than 25 million tonnes per year worldwide, which makes a significant contribution to the development of a circular economy for plastics," says Manfred Hackl, CEO of the EREMA Group. The group of companies manufactured 290 extruders for recycling plastic in the past financial year, supplemented by over 100 add-on components such as filter systems and ReFresher anti-odour technology. These recycling solutions generated total sales of EUR 380 million. Around 8,500 machines and components from the group are in operation in more than 100 countries. The EREMA Group employs 950 people worldwide.

Strategic investments in all areas of the plastics recycling industry
In recent years, the EREMA Group has invested in developing specific machines, applications and infrastructure. "The opening of the new R&D Centre in Ansfelden last summer and the new machines in the Customer Technology Center at EREMA North America at the beginning of this year, have seen us complete the largest phase of investment in our history to date. We have invested more than EUR 110 million in the expansion and modernization of our international locations over the past five years," emphasizes Horst Wolfsgruber, CFO of the EREMA Group. Another important milestone is the founding in August 2023 of the holding company BLUEONE Solutions together with the Austrian family-owned company Lindner. Incorporating Lindner Washtech means that the EREMA Group's extensive portfolio now also includes washing technology.

Developments in post consumer and PET recycling
The new DuaFil® Compact technology, which EREMA developed specifically for challenging applications with high levels of contamination and moisture, is proving successful. Since the launch at K 2022, around 20 INTAREMA® TVEplus® DuaFil® Compact systems have been sold. In the post consumer segment, ReFresher technology for the production of odour-optimised recycled pellets is also gaining ground and is now in use worldwide with a total capacity of one million tonnes per year for film and regrind applications. Another interesting new component is the DischargePro control system for the EREMA laser filter, which has been nominated for this year's Plastics Recycling Awards Europe. The discharge control system responds automatically to fluctuations in flow rate during the recycling process and reduces melt loss by up to 50 percent. With its new Fast-Track scheme, EREMA is responding to the demand for machines available at short notice at an attractive price-performance ratio.

For bottle applications, VACUREMA® systems have been proving their performance for 25 years. Over 400 EREMA PET systems for food grade are in operation worldwide, notching up a total capacity of more than 4.5 million tonnes per year. PET recycling is also becoming increasingly important in the textile industry. FibrePro:IV technology was developed especially for fibre-to-fibre recycling, which is used together with machine combinations from EREMA or PURE LOOP, who specialise in shredder-extruder technology, depending on the geometry and contamination of the PET fibre waste. For these applications, the EREMA Group has set up a fibre technical centre at its headquarters in Ansfelden.

Big potential for plastics recycling
The amount of plastic produced worldwide is currently around 400 million tonnes per year - and the figure is still rising. Around 9 percent of it is recycled globally. This represents big potential for the EREMA Group, as Manfred Hackl emphasizes.

Foto: Konzept: SSAW Studio, Photograph: Roman Goebel, Model: Aiya Sarbassova, Haare & Make-Up: Anna Neugebauer
05.06.2024

STOLL launcht Kollektion NOCTURNO

STOLL, ein Hersteller von Flachstrickmaschinen und Geschäftsbereich der KARL MAYER GROUP, lanciert seine neueste Kollektion NOCTURNO.

Die originelle Kollektion wurde von der Abteilung Fashion & Technology in Reutlingen entworfen. Die Designer ließen sich von den Facetten des nächtlichen Lebens inspirieren und schufen Fashion-Items, bei denen unter anderem Lingerie und elegante Styles miteinander verschmelzen.

Neben außergewöhnlichen Looks zeigt NOCTURNO das Engagement von STOLL für Innovation und Exzellenz im Flachstricken. Mit dem Ziel, die Grenzen der Stricktechnologie zu erweitern, stellt die Kollektion eine Reihe von technischen Neuerungen vor:

STOLL, ein Hersteller von Flachstrickmaschinen und Geschäftsbereich der KARL MAYER GROUP, lanciert seine neueste Kollektion NOCTURNO.

Die originelle Kollektion wurde von der Abteilung Fashion & Technology in Reutlingen entworfen. Die Designer ließen sich von den Facetten des nächtlichen Lebens inspirieren und schufen Fashion-Items, bei denen unter anderem Lingerie und elegante Styles miteinander verschmelzen.

Neben außergewöhnlichen Looks zeigt NOCTURNO das Engagement von STOLL für Innovation und Exzellenz im Flachstricken. Mit dem Ziel, die Grenzen der Stricktechnologie zu erweitern, stellt die Kollektion eine Reihe von technischen Neuerungen vor:

  • Vielseitigkeit in der Feinheit: Von der gröbsten Maschinenfeinheit E1,5.2 bis E3,5.2 über die Allrounder E7.2 und E9.2 bis zur feinsten Feinheit E20 demonstriert NOCTURNO die Vielseitigkeit der Flachstrickmaschinen von STOLL.
  • Innovative Stricktechniken: NOCTURNO zeigt, wie sich durch den Einsatz neuester Stricktechniken wie FlexPly neue Dimensionen in Textur und Struktur eröffnen und Grenzen im Strickdesign erweitern lassen. Spitzenähnliche Optiken können ebenso erzeugt werden wie neuartiges Drapier- und Materialverhalten.
  • Neudefinition von Bekleidungsformen: NOCTURNO steht daneben für die Möglichkeiten der STOLL-knit and wear® Technologie in puncto Nachhaltigkeit und Vielseitigkeit durch nahtloses Stricken und präsentiert eine Reihe von nahtlosen Produkten, die den Schnitt traditioneller Strickbekleidung neu definieren und eine neue Perspektive auf die Bekleidungsherstellung bieten.
  • Modische und funktionelle Ideen für Stoll-knitrobotic® Automation: NOCTURNO stellt Ideen für Stoll-knitrobotic® vor und präsentiert Kleidungsstücke, die mit integrierten farbigen Spiegeln als modische und auffällige Details veredelt wurden. Zudem führen eingestrickte Magnete zu neuartigen Verschlusslösungen, die vielseitige Tragemöglichkeiten bieten.
  • KI im kreativen Prozess: Die Entwicklungen im Bereich der künstlichen Intelligenz hatten mittlerweile auch die Modeindustrie erfasst. Die Chancen, die sich aus dieser Technik für Stoll-Kunden ergeben, hat das STOLL-Designteam herausgearbeitet, indem es die aktuellen Tools wie Midjourney und Adobe Firefly einsetzt. Vor allem die Entwicklungszeiten können durch die schnellere Erstellung von Strickgrafiken und die Visualisierung von Produktideen verkürzt werden. Für den fantasievollen Ansatz der Kollektion steht stellvertretend ein Gedicht, das interaktiv mit ChatGPT erstellt wurde. Das generative Textergebnis findet sich in einem Haarband wieder.
More information:
Stoll Karl Mayer/Stoll Karl Mayer
Source:

KARL MAYER Verwaltungsgesellschaft AG

CHINA WAVE: Cooperation between Pitti Uomo and CHIC (c) RAXXY
03.06.2024

CHINA WAVE: Cooperation between Pitti Uomo and CHIC

  • Pitti Uomo and CHIC cooperate at the upcoming event in Florence from 11 to 14 June 2024 and present high fashion design from China under the roof of CHINA WAVE

From 11 to 14 June 2024, eight contemporary high class designer brands from China will present themselves for the first time at the leading menswear and lifestyle event Pitti Immagine Uomo at the Fortezza da Basso in Florence, on 264 square metres under the umbrella of CHIC, China International Fashion Fair.

CHINA WAVE, born from the partnership between Pitti Uomo and China National Garment Association, is a collection of China's designer labels showcasing their design expertise in Florence.The line-up includes VALLEYOUTH, KB HONG BY K-BOXING, RAXXY, JDV, FENGGY, BLACKHEAD, KEYONE BY HATTERSHUB, TYPETAIL.

Around 500 exhibitors with international participation from Europe and Asia are expected at the next CHIC from 27 to 29 August in Shanghai. CHIC - China International Fashion Fair is organised by the China National Garment Association in cooperation with the China World Exhibition.

  • Pitti Uomo and CHIC cooperate at the upcoming event in Florence from 11 to 14 June 2024 and present high fashion design from China under the roof of CHINA WAVE

From 11 to 14 June 2024, eight contemporary high class designer brands from China will present themselves for the first time at the leading menswear and lifestyle event Pitti Immagine Uomo at the Fortezza da Basso in Florence, on 264 square metres under the umbrella of CHIC, China International Fashion Fair.

CHINA WAVE, born from the partnership between Pitti Uomo and China National Garment Association, is a collection of China's designer labels showcasing their design expertise in Florence.The line-up includes VALLEYOUTH, KB HONG BY K-BOXING, RAXXY, JDV, FENGGY, BLACKHEAD, KEYONE BY HATTERSHUB, TYPETAIL.

Around 500 exhibitors with international participation from Europe and Asia are expected at the next CHIC from 27 to 29 August in Shanghai. CHIC - China International Fashion Fair is organised by the China National Garment Association in cooperation with the China World Exhibition.

More information:
CHIC Fair Pitti Uomo China
Source:

JANDALI MODE.MEDIEN.MESSEN

Completion of Mosque for workers of Fashion Forum Limited (c) Asif Salman
31.05.2024

Completion of Mosque for workers of Fashion Forum Limited

The Zebun Nessa Mosque, recently completed in Ashulia, Dhaka, is a shining example of the progressive initiatives being undertaken by the Bangladeshi garment industry. Fashion Forum Ltd., a company of IDS Group, spearheaded this project, demonstrating a strong commitment to enhancing the welfare and environment for its workers.

Bangladesh, renowned as the second-largest exporter of ready-made garments globally, is setting new benchmarks in workplace safety, worker welfare, and environmental sustainability. Mr. Idris Shakur, managing director of IDS Group, epitomizes the industry’s progressive outlook. He has dedicated the mosque to the workers of Fashion Forum Limited, naming it in honour of his late mother. The gesture is designed to foster compassion and unity within the industrial community.

The Zebun Nessa Mosque, recently completed in Ashulia, Dhaka, is a shining example of the progressive initiatives being undertaken by the Bangladeshi garment industry. Fashion Forum Ltd., a company of IDS Group, spearheaded this project, demonstrating a strong commitment to enhancing the welfare and environment for its workers.

Bangladesh, renowned as the second-largest exporter of ready-made garments globally, is setting new benchmarks in workplace safety, worker welfare, and environmental sustainability. Mr. Idris Shakur, managing director of IDS Group, epitomizes the industry’s progressive outlook. He has dedicated the mosque to the workers of Fashion Forum Limited, naming it in honour of his late mother. The gesture is designed to foster compassion and unity within the industrial community.

The mosque, designed by Studio Morphogenesis and completed in 2023, reflects a forward-thinking architectural philosophy. Sustainability was a core consideration, with the design incorporating recycled red bricks from demolished houses for the exterior walls. Pink concrete, weatherproofed with lime plaster mixed with red brick powder, blends tradition with modernity, creating a spiritual and communal haven for the workers.

A key feature of the mosque is its majestic arched opening facing the qibla, offering worshippers a serene view of the adjacent waterbody and enhancing their connection with nature. The structure's double-layered walls provide thermal comfort and facilitate natural light and ventilation, transforming the mosque into a "breathing pavilion." Enclosed gardens, reminiscent of light courts, provide a peaceful retreat from the bustling industrial environment.

Inside, an intricate perforated metal stairway leads to a crescent-shaped upper floor, dedicated exclusively to the female workers. This space serves as a serene meeting area and prayer room, empowering women and reinforcing their importance within the workforce.

The Zebun Nessa Mosque also showcases advanced construction technology, designed to withstand extreme weather conditions, further underscoring the innovative and resilient spirit of Bangladeshi garment manufacturers.

This mosque stands as a testament to the progressive and compassionate ethos driving Bangladesh’s garment industry. It highlights how manufacturers are not only focusing on economic growth but also prioritising the well-being and empowerment of workers, setting new standards for the industry worldwide.

Source:

Bangladesh Apparel Exchange

29.05.2024

Cinte Techtextil China taking place in September 2024

With four months until the show opens doors, key exhibitors have already confirmed participation for the Cinte Techtextil China 2024. In conjunction with a positive global outlook, key players are eager to congregate again at the Shanghai New International Expo Centre from 19 – 21 September, to showcase innovations and connect with buyers from various sectors.
 
The fair will closely align with Messe Frankfurt’s ‘Texpertise Econogy’ – the umbrella for the group’s sustainability activities at its more than 50 textile trade shows worldwide. New energy elements, such as battery and hydrogen, will appear at the Innovation Showcase Area, on top of other interactive fringe events which centre around sustainability.

With four months until the show opens doors, key exhibitors have already confirmed participation for the Cinte Techtextil China 2024. In conjunction with a positive global outlook, key players are eager to congregate again at the Shanghai New International Expo Centre from 19 – 21 September, to showcase innovations and connect with buyers from various sectors.
 
The fair will closely align with Messe Frankfurt’s ‘Texpertise Econogy’ – the umbrella for the group’s sustainability activities at its more than 50 textile trade shows worldwide. New energy elements, such as battery and hydrogen, will appear at the Innovation Showcase Area, on top of other interactive fringe events which centre around sustainability.

With environmental protection as one of the top sourcing categories at the previous edition, products with medical, home, protection, and building applications rounded out the top five. By product group, in-demand sourcing categories included nonwovens; technology and accessories; woven fabrics, laid webs, knitted fabrics, braidings; composites; as well as coated textiles and bondtec. The show saw 15,542 visits from 52 countries and regions last year.

Catering to various key players in 2023, the well-known Groz-Beckert East Asia brought their latest innovative needling tools for the nonwovens sector. Speaking at the show, Mr Kabilen Sornum, Vice President Asia Pacific of Marketing & E-Commerce, commented: “While we are focusing on the China market, we have also seen buyers from the Middle East, Europe, Korea, and North Asia. Cinte Techtextil China is a more international fair – we can see that everyone is here, and the quality and innovation of buyers has improved greatly in the past three to four years. E-mobility and sustainability are two very clear trends.”
 
The fair’s product categories cover 12 application areas, which comprehensively span a full range of potential uses in modern technical textiles and nonwovens. These categories also cover the entire industry, from upstream technology and raw materials providers to finished fabrics, chemicals and other solutions. This scope of product groups and application areas ensures that the fair is an effective business platform for the entire industry.

Source:

Messe Frankfurt (HK) Ltd

Photo: Active Apparel Group
28.05.2024

Active Apparel Group Commits to Decarbonization Program

Manufacturer of activewear and swimwear, Active Apparel Group (AAG), has committed to a structured approach in reducing its environmental impact across its global operations through an Environmental Management System (EMS). The EMS, built using the ISO14001 Standard Framework, incorporates key environmental policy commitments and has set targets and strategies to reduce the carbon footprint of its operations across China, Australia and USA.

Through a third-party audit of its greenhouse gas emissions (GHGs), AAG has identified the following areas of focus to reduce impacts:

Manufacturer of activewear and swimwear, Active Apparel Group (AAG), has committed to a structured approach in reducing its environmental impact across its global operations through an Environmental Management System (EMS). The EMS, built using the ISO14001 Standard Framework, incorporates key environmental policy commitments and has set targets and strategies to reduce the carbon footprint of its operations across China, Australia and USA.

Through a third-party audit of its greenhouse gas emissions (GHGs), AAG has identified the following areas of focus to reduce impacts:

  • Reduction in Scope 1 energy use
  • Reduction in air freight
  • Reduction in water usage across the business
  • Ongoing collection and management of production waste
  • Increased use of sustainable materials
  • Continued collection of GHG data for ongoing improvement

AAG’s EMS is designed to be embedded within the operations of the business, with functional ownership of targets established and education of the team prioritized, to deliver results on reducing environmental impact. Quarterly reporting of its progress is communicated to stakeholders and reviewed by the company’s Board of Directors.

The EMS is part of AAG’s ongoing Responsible Business Strategy - a company-wide commitment to driving continuous improvement across the areas of Governance, Social and Environmental impact. Other initiatives include Living Wage Audit by Bureau Veritas (AAG pays 100% Living Wage); Materiality Assessment; Supply Chain Traceability Project; Circularity and Waste Management along with annual third-party audits - SMETA, Gold WRAP, Supplier Qualification Program and its Modern Slavery Statement.

Source:

Active Apparel Group

27.05.2024

Mahlo at ITM

Mahlo will be showcasing its comprehensive portfolio of solutions with its partner Masters Limited at the upcoming ITM trade show, scheduled from 4th to 8th June in Istanbul.

The Turkish textile industry continues to experience growth and innovation, making events like ITM crucial for industry players to connect and explore advancements. Fabric distortion remains a common challenge in textile production, impacting product quality and efficiency. Additionally, sustainability and resource optimization are increasingly vital considerations for manufacturers aiming to maintain profitability.

Mahlo will be showcasing its comprehensive portfolio of solutions with its partner Masters Limited at the upcoming ITM trade show, scheduled from 4th to 8th June in Istanbul.

The Turkish textile industry continues to experience growth and innovation, making events like ITM crucial for industry players to connect and explore advancements. Fabric distortion remains a common challenge in textile production, impacting product quality and efficiency. Additionally, sustainability and resource optimization are increasingly vital considerations for manufacturers aiming to maintain profitability.

Mahlo offers a range of solutions tailored to different textile structures, from heavy carpets to delicate fabrics. The company's products encompass everything from distortion detection sensors to fully automated straightening systems, customizable to individual production requirements. Moreover, Mahlo's latest generation of straighteners, sensors, and control loops are equipped for Industry 4.0 integration, enabling remote access and real-time monitoring for enhanced efficiency and productivity.
As the textile industry continues to evolve, Mahlo remains at the forefront, providing innovative solutions to meet the changing demands of modern production.

Source:

Mahlo GmbH + Co. KG

24.05.2024

Fashion for Good: Sorting for Circularity USA report

Fashion for Good launches the Sorting for Circularity USA report unveiling significant findings from the project. A first of its kind in the US, the report delves into consumer disposal behaviour, textile waste composition, and the potential for fibre-to-fibre recycling within the country. It provides insights for making informed decisions for further investments, infrastructure development and the next steps towards circularity.

The U.S. Textile Waste Landscape
The United States is a global leader in textile consumption and waste generation, positioning itself as one of the largest sources of secondary raw materials for post-consumer textile feedstock. Despite this, only 15% of the textile waste generated in the US is currently recovered, with 85% ending up in landfills or incinerators.

With the impending policies in the European Union and certain American states, alongside commitments from both public and private sectors to promote fibre-to-fibre recycling, there is a growing demand for infrastructure related to post-consumer textile collection, sorting, and recycling.

Fashion for Good launches the Sorting for Circularity USA report unveiling significant findings from the project. A first of its kind in the US, the report delves into consumer disposal behaviour, textile waste composition, and the potential for fibre-to-fibre recycling within the country. It provides insights for making informed decisions for further investments, infrastructure development and the next steps towards circularity.

The U.S. Textile Waste Landscape
The United States is a global leader in textile consumption and waste generation, positioning itself as one of the largest sources of secondary raw materials for post-consumer textile feedstock. Despite this, only 15% of the textile waste generated in the US is currently recovered, with 85% ending up in landfills or incinerators.

With the impending policies in the European Union and certain American states, alongside commitments from both public and private sectors to promote fibre-to-fibre recycling, there is a growing demand for infrastructure related to post-consumer textile collection, sorting, and recycling.

Addressing Data GPS
In the pursuit of establishing a functional reverse supply chain and the necessary infrastructure, two critical areas lack data  – consumer disposal behaviour, and material characteristics of post-consumer textiles. The Sorting for Circularity USA project addressed these gaps through a comprehensive national consumer survey and waste composition analysis.

The survey revealed that 60% of respondents divert textiles, while 4% discard them, driven primarily by factors such as condition and fit. On the other hand, the waste composition analysis unveiled that over 56% of post-consumer textiles are suitable for fibre-to-fibre recycling, with cotton and polyester being the most prevalent fibre types, indicating a substantial potential for these textiles to be used as feedstock for mechanical and chemical recycling processes.

The project revealed a $1.5 billion opportunity for fibre-to-fibre recycling by redirecting non-rewearable textiles from landfills and incinerators to recycling streams. The report outlines growth strategies for the US textile recycling industry, emphasising enhanced financial value through efficiency improvements, increased commodity valuation, and policy mechanisms like extended producer responsibility schemes. Collaboration among stakeholders is crucial, including brands, government, retailers, consumers, collectors, sorters, recyclers, and financial institutions, to promote circularity, invest in research and development, and advocate for supportive policies and incentives to drive technological innovation. This redirection of textiles towards recycling underscores the substantial economic potential of embracing circularity in the textile industry.
 
There is an opportunity to build on these insights and assess the feasibility of different sorting business models and (semi) automated sorting technologies to create a demo facility suitable for closed-loop textile recycling. Ultimately, evaluating the commercial and technical feasibility of a semi-automated sorting process and identifying investment opportunities to scale solutions nationwide.

22.05.2024

54 Innatex - Sales strategies for retailers

From 20 to 22 July 2024, Innatex will once again host international green fashion labels presenting their collections for Spring/Summer 2025 at Messecenter Hofheim Rhein-Main near Frankfurt. The motto of the upcoming trade fair, ‘BLOOM’, emphasises the confidence in more sustainable solutions despite challenges in the green fashion industry.

The organiser is seeing an increase in enquiries from first-time exhibitors and design dicoveries who work with remnants or waste from the textile and other sectors. The summer fair aims to emphasise this form of circularity.

In keeping with this, three of the five Design Discoveries selected so far are located in the area of textile waste reduction. Tentation uses discarded tents to create modern, mostly outdoor-compatible pieces. While Halt.clothing stands for an innovative upcycling concept, the underwear label Avonté works with deadstocks. Softclox with flexible soles and the very feminine women's fashion Verlinne from Romania enrich the special area.

From 20 to 22 July 2024, Innatex will once again host international green fashion labels presenting their collections for Spring/Summer 2025 at Messecenter Hofheim Rhein-Main near Frankfurt. The motto of the upcoming trade fair, ‘BLOOM’, emphasises the confidence in more sustainable solutions despite challenges in the green fashion industry.

The organiser is seeing an increase in enquiries from first-time exhibitors and design dicoveries who work with remnants or waste from the textile and other sectors. The summer fair aims to emphasise this form of circularity.

In keeping with this, three of the five Design Discoveries selected so far are located in the area of textile waste reduction. Tentation uses discarded tents to create modern, mostly outdoor-compatible pieces. While Halt.clothing stands for an innovative upcycling concept, the underwear label Avonté works with deadstocks. Softclox with flexible soles and the very feminine women's fashion Verlinne from Romania enrich the special area.

The trade fair is responding to feedback from buyers and, in cooperation with the Hesse Retail Association, is offering a special expert panel on the last day of the event to provide effective sales strategies. Innovative sustainable space concepts have been developed in collaboration with the Akademie Mode & Design AMD Wiesbaden. The students of the Interior Design degree programme use old materials from the INNATEX trade fair construction.

Re:claim
Re:claim project - school blazer
21.05.2024

A circular school blazer

Vision and technology are the key ingredients of a ground-breaking school blazer that is showing how businesses can move to a circular textiles economy.  
 
While many brands are grappling with the complexities of inevitable legislation and engrained business models, leading school uniform producer, David Luke, has launched a fully recyclable ‘circular’ school blazer that is designed to be recycled through Project Re:claim, the world’s first commercial-scale polyester recycling plant.
 
Project Re:claim is a joint venture between the UK’s largest charity textile collector, The Salvation Army, and leading circularity specialists Project Plan B. The plant opened in the UK in January 2024, and presents huge opportunities for brands to transition to textile-to-textile manufacturing models.
 

Vision and technology are the key ingredients of a ground-breaking school blazer that is showing how businesses can move to a circular textiles economy.  
 
While many brands are grappling with the complexities of inevitable legislation and engrained business models, leading school uniform producer, David Luke, has launched a fully recyclable ‘circular’ school blazer that is designed to be recycled through Project Re:claim, the world’s first commercial-scale polyester recycling plant.
 
Project Re:claim is a joint venture between the UK’s largest charity textile collector, The Salvation Army, and leading circularity specialists Project Plan B. The plant opened in the UK in January 2024, and presents huge opportunities for brands to transition to textile-to-textile manufacturing models.
 
David Luke’s circular blazer has been introduced to the brand’s successful Eco-uniform range which has sold over 1.7 million Eco-blazers in the last decade. Up until 2023, David Luke’s Eco-blazer, like many recycled garments, has been made from recycled plastic bottles. But the company has been working with Tim Cross, CEO of Project Plan B and the Circular Textiles Foundation, to bring the 100% recyclable blazer to market.
 
Tim Cross said: “David Luke has grasped the opportunity to embed 100% recyclable and 100% recycled garments into their range, starting with the school blazer. We now have the technology to enable their blazers to be recycled without any separation of the garment, making it an efficient recycling process. The team at David Luke has worked tirelessly with their manufacturers to create a blazer that does not compromise on design or quality, and yet is much kinder to the environment.”
 
Every detail from the lining, buttons and zips to the inter-linings and adhesives, has been re-thought and re-designed to meet the demands of an everyday school blazer and to recycle the garment once it reaches its end-of-life. Up until now, when the blazers have eventually been handed down to siblings, or given to the local charity shop, there had been no end-of-life solution for polyester garments apart from incineration. Now, Project Re:claim can recycle the blazer to produce polyester pellets, which are then spun into yarn to be used for future David Luke circular blazers.
 
Cross continues: “David Luke has the vision to create a fully circular range, and we have the potential to supply recycled content. The possibilities are infinite in terms of the future of garment design and manufacturing.”
 
Kathryn Shuttleworth, Chief Executive of David Luke, said: “It is a natural next step for us to transition to a textile-to-textile model. We have been producing garments using recycled plastic bottles for 15 years, but we have always had an eye on developments in textile recycling and solutions for end-of-life garments.”
 
In 2020, David Luke was awarded the Queen’s award for Enterprise for Sustainable Development and in January 2023 the David Luke circular blazer achieved Circular Foundation Textile certification.
 
Shuttleworth added: “Our focus will always be on those essential ingredients for parents and children - style, durability and affordability. But we have a responsibility to change our business model to better protect children’s future and the environment. It has become our obsession to make uniforms that meet our customers’ demands. We are really excited about the future as we continue to develop our range.”
 
Majonne Frost, Head of Environment and Sustainability for Salvation Army Trading Company, said: “Our vision is to enable companies to produce uniforms, corporate wear, fashion garments and textile ranges using recycled polyester.  We have the infrastructure to collect donations at scale and we now need companies to step up. This is an opportunity for companies to make a commitment to significantly reduce their environmental impact, and David Luke are showing us how that is possible.”

More information:
uniforms Re:claim
Source:

wearepr / Re:claim

adidas and Arsenal: Home Kit for 2024/25 with iconic cannon (c) adidas AG
17.05.2024

adidas and Arsenal: Home Kit for 2024/25 with iconic cannon

adidas and Arsenal reveal the new home kit for the 2024/25 season, that celebrates the rich heritage of The Gunners.

The club’s traditional colours of red and white with a slick navy addition, combine to create a modern looking design, that sees the cannon feature outside the crest on the home kit for the first time since the 1989/90 season. Previously seen on Arsenal away and third kits, the cannon represents an enduring symbol of Arsenal’s history which has been synonymous with the club since its inception.  

The new kit will be worn on pitch for the first time by Arsenal Women when they take on Brighton in the final match of the WSL season on Saturday May 18.

adidas and Arsenal reveal the new home kit for the 2024/25 season, that celebrates the rich heritage of The Gunners.

The club’s traditional colours of red and white with a slick navy addition, combine to create a modern looking design, that sees the cannon feature outside the crest on the home kit for the first time since the 1989/90 season. Previously seen on Arsenal away and third kits, the cannon represents an enduring symbol of Arsenal’s history which has been synonymous with the club since its inception.  

The new kit will be worn on pitch for the first time by Arsenal Women when they take on Brighton in the final match of the WSL season on Saturday May 18.

More information:
adidas adidas AG Sportswear
Source:

adidas AG

DITF: Digital Textile Micro Factory at drupa Photo: DITF
Automated cutting of individualized garments on a single-ply cutter
17.05.2024

DITF: Digital Textile Micro Factory at drupa

Together with international partners from industry and research, the DITF are presenting the Digital Textile Micro Factory at drupa's touchpoint textile (from May 28 to June 7, 2024). A fully networked on-demand production of sports products will be presented - from virtual design to the finished product.

One highlight is the material buffer between the printer and cutter, which links the continuous printing process with the step-by-step cutting process. At the end of the production chain, a robot arm sorts all the cut parts belonging to a product, such as the front and back sections, sleeves and collar trim of a T-shirt, into the corresponding boxes. Manual handling is only necessary in exceptional cases.

In future, digitally networked design and production chains will make it possible to react quickly and specifically to customer wishes and trends. This approach protects the environment and conserves resources: instead of producing mass-produced goods for the trash, the products are tailored precisely to requirements. At the trade fair, the carbon footprint from virtual development to the finished product will also be determined and explained using a model.

Together with international partners from industry and research, the DITF are presenting the Digital Textile Micro Factory at drupa's touchpoint textile (from May 28 to June 7, 2024). A fully networked on-demand production of sports products will be presented - from virtual design to the finished product.

One highlight is the material buffer between the printer and cutter, which links the continuous printing process with the step-by-step cutting process. At the end of the production chain, a robot arm sorts all the cut parts belonging to a product, such as the front and back sections, sleeves and collar trim of a T-shirt, into the corresponding boxes. Manual handling is only necessary in exceptional cases.

In future, digitally networked design and production chains will make it possible to react quickly and specifically to customer wishes and trends. This approach protects the environment and conserves resources: instead of producing mass-produced goods for the trash, the products are tailored precisely to requirements. At the trade fair, the carbon footprint from virtual development to the finished product will also be determined and explained using a model.

More information:
DITF drupa cutting system
Source:

Deutsche Institute für Textil- und Faserforschung (DITF)

15.05.2024

Indorama Ventures: 1Q24 Performance

  • Sales Volume rose 3% QoQ and 2% YoY to 3.55MT
  • Adjusted EBITDA of $366M, a rise of 32% QoQ and a decline of 2% YoY
  • Operating cash flows of $184M
  • Net Operating Debt to Equity of 1.12
  • Reported EPS of THB0.17

Indorama Ventures Public Company Limited (IVL) reported an improved quarterly performance as the prolonged destocking trend showed further signs of easing. During the quarter, the company progressed its IVL 2.0 evolved strategy to enhance earnings quality and transform its business to emerge stronger from the downturn in global chemical markets.

  • Sales Volume rose 3% QoQ and 2% YoY to 3.55MT
  • Adjusted EBITDA of $366M, a rise of 32% QoQ and a decline of 2% YoY
  • Operating cash flows of $184M
  • Net Operating Debt to Equity of 1.12
  • Reported EPS of THB0.17

Indorama Ventures Public Company Limited (IVL) reported an improved quarterly performance as the prolonged destocking trend showed further signs of easing. During the quarter, the company progressed its IVL 2.0 evolved strategy to enhance earnings quality and transform its business to emerge stronger from the downturn in global chemical markets.

Indorama Ventures’ reported Adjusted EBITDA1  of $366 million in 1Q24, a 32% increase QoQ and a 2% decline YoY. Sales volume grew 3% QoQ as the widespread customer destocking that sapped demand through 2023 shows signs of a gradual recovery across all sectors, partially offset by a winter freeze in the U.S. The result was supported by lower utilities costs in Europe, Red Sea-related supply chain disruptions that benefited the company’s import parity advantages, and favorable shale gas economics that bolstered profitability in the U.S.

Indorama Ventures expects the recovery in volumes to continue through 2024, albeit at a gradual pace as destocking normalizes and the approaching summer supports demand. However, the overall landscape for the global chemical industry remains challenging due to excess capacity builds, as well due to persistent inflation and high interest rates which weigh on industry spreads and continue to impair profitability, especially across the polyester value chain. Our HVA segment ‘Indovinya’ is progressing well into the second quarter post the easing of destocking and anticipating a healthy 2024.

The company’s experienced management remains intensely focused on managing costs, optimizing competitiveness, and maintaining high liquidity. Indorama Ventures’ diverse geographical footprint is a key advantage in the current low-margin environment, allowing its businesses to maintain their strong market premium, supported by protection from trade and non-trade barriers.

In 1Q, the company made headway with its IVL 2.0 three-year plan to leverage its global leadership position and forge a new era of opportunity amid significant structural changes in chemical markets. Under the evolved strategy, which the company outlined at its annual Capital Markets Day in March, Indorama Ventures is optimizing assets, reducing debt, and focusing on generating free cash flow to deliver enhanced shareholder returns. Today, 70% of the company's revenue has deployed the SAPS/4HANA ERP and is using the infrastructure to enhance digital procurement, sales excellence, and integration of supply chains across the business. The company believes these AI tools will improve productivity and costs, as well as release working capital in line with its modernization strategy.

As part of IVL 2.0, the company is optimizing 7 sites, including the ongoing evaluation of its PTA/PET operation in the Netherlands. It has also made significant progress in its program to refinance $1.1 billion of debt within the first half of 2024 to ensure ample liquidity. Recent capital raisings include a $255 million ‘Ninja loan’, a THB 10 billion debenture, a $100M bi-lateral loan, and this week’s successful close of a $500 million syndicated loan – achieved at lower-than-average spreads compared to previous issuances.

To unlock value, Indorama Ventures is preparing its packaging and surfactants businesses for IPOs. From 1Q24, the Indovinya segment (previously named ‘Integrated Oxides and Derivatives’) is focused on developing its attractive downstream surfactants operations as a separate segment. The segment’s Intermediate Chemicals business, consisting of shale base integrated Ethylene MEG, MTBE and merchant Purified EO assets, have been moved under the Combined PET (CPET) segment where they are a natural fit.

Segment Performances
In 1Q24, CPET segment (including Intermediate Chemicals) posted Adjusted EBITDA of $249 million, a 34% gain QoQ and 4% YoY as supply chain disruptions and a consequent spike in global ocean freight rates supported high prices and margins, and as Western markets benefited from lower energy costs. The Indovinya segment reported a stable Adjusted EBITDA of $70 million, impacted by the winter freeze in the U.S and a mini turnaround at a PO/PG plant. The Fibers segment achieved a remarkable 73% increase in Adjusted EBITDA to $39 million QoQ, and 2% YoY, as destocking waned across all three business verticals and drove an 8% QoQ increase in volume.

Source:

Indorama Ventures Public Company Limited

08.05.2024

Lenzing: Revenue and earnings growth in first quarter of 2024

  • Revenue up 5.7 percent year-on-year to EUR 658.4 million
  • EBITDA more than doubles year-on-year to EUR 71.4 million
  • Free cash flow of EUR 87.3 million (compared with minus EUR 132.3 million in the first quarter of 2023) and thereby positive for the third consecutive quarter
  • Performance program shows positive effect on revenue, EDITDA, and free cash flow
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group, a leading supplier of regenerated cellulose for the textile and nonwovens industries, recorded a further improvement in fiber sales volumes in the first quarter of 2024. An expected recovery in markets relevant for Lenzing has to date failed to materialize. Fiber prices remained at a low level. Although the costs of raw materials and energy continued to decrease, they remained higher than in the pre-crisis 2019 year.

  • Revenue up 5.7 percent year-on-year to EUR 658.4 million
  • EBITDA more than doubles year-on-year to EUR 71.4 million
  • Free cash flow of EUR 87.3 million (compared with minus EUR 132.3 million in the first quarter of 2023) and thereby positive for the third consecutive quarter
  • Performance program shows positive effect on revenue, EDITDA, and free cash flow
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group, a leading supplier of regenerated cellulose for the textile and nonwovens industries, recorded a further improvement in fiber sales volumes in the first quarter of 2024. An expected recovery in markets relevant for Lenzing has to date failed to materialize. Fiber prices remained at a low level. Although the costs of raw materials and energy continued to decrease, they remained higher than in the pre-crisis 2019 year.

Outlook
Even though the IMF has upgraded its growth forecast for 2024 from 3.1 percent to 3.2 percent, a number of risks remain for the global economy: potential geopolitical shocks, persistently higher inflation and key interest rates, as well as market risks emanating from the Chinese real estate market are currently considered to be the most relevant.

General inflation and falling incomes in real terms are continuing to exert a negative impact on consumer sentiment. A recovery in the consumer clothing market, which is important for Lenzing, will also depend on a further normalization of stock levels.

The currency environment is expected to remain volatile in regions relevant to Lenzing.

In the trend-setting market for cotton, a stable price trend is expected for the 2023/2024 harvest season.

Earnings visibility remains limited overall.

Revenue and earnings in the first quarter exceeded Lenzing’s expectations, despite the persistently difficult market. Lenzing is ahead of schedule with the implementation of its performance program. By appointing a separate Managing Board member, the projects identified to date are to be implemented even more rapidly, and new potentials are to be leveraged. Lenzing expects that these measures will increasingly contribute to further earnings improvement over the coming quarters compared to the first quarter of 2024.

Taking the aforementioned factors into consideration, the Lenzing Group confirms its guidance for the 2024 financial year of year-on-year higher EBITDA.

In structural terms, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as the hygiene and medical sectors. As a consequence, Lenzing is well positioned with its “Better Growth” strategy and plans to continue driving growth with specialty fibers as well as its sustainability goals, including the transformation from a linear to a circular economy model.

Source:

Lenzing Group