From the Sector

TrusTrace, a SaaS company with for product traceability and compliance, has announced the completion of a (U.S.) $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

According to Shameek Ghosh, CEO and Co-Founder of TrusTrace, the new investment will enable the company to further accelerate its global expansion ambitions by strengthening its presence in key markets, deepening product innovation and expanding collaborations – helping to create a global network where all value chains are traceable, circular, and fair.

Traceability has accelerated in importance and momentum as a key enabler of sustainable transformation, as evidenced by TrusTrace’s five-fold growth in subscription revenue in the 27 months since the previous growth round by Fairpoint Capital and Industrifonden in 2021, preceded by seed funding from Backing Minds in 2019.

With more than a billion products now tracked through the platform, TrusTrace has established itself as a business-critical solution for supply chain traceability. TrusTrace customers include adidas, Brooks Running, Tapestry, Asics and many more. TrusTrace also plans to offer its services to regional and mid-size brands in 2024.

BTMA member Vickers Oils has marked an important milestone in its partnership with knitting machinery leader Lonati by earning Original Equipment Manufacturer (OEM) approval for its VICKERLUBE SOCK 46 needle oil.

VICKERLUBE SOCK 46 is a mineral-based needle lubricant designed to meet the criteria for modern knitting machine technology. It provides a high standard of lubrication as well as holding very good stability properties and having a high resistance to oxidation. The product is readily scourable and holds a well-balanced additive system meaning that it is fully compatible with all machine components. It can also be used with machines producing any yarn type – including tricky elastanes – to produce the highest quality end product.

Lonati, headquartered in Brescia, Italy, has been a prominent name in knitting machines for over 70 years, designing and manufacturing an impressive average of 8,000 annually. It places a strong emphasis on delivering the highest quality textile machinery, underpinned by a commitment to research and development that ensures the use of cutting-edge products, technologies and processes in its machines.

Vickers Oils, based in Leeds, West Yorkshire, shares these values, leading the industry in quality and assurance through its continuous focus on research and development, technological leadership, quality control and customer service. As it has done for almost two centuries – the company will mark its 200th anniversary in 2028.

Lonati is now officially recommending VICKERLUBE SOCK 46 for use in its single-cylinder GOAL series of knitting machines, marking a successful collaboration that required dedicated efforts from the teams of Lonati, Vickers Oils and its Italian representative Lubrogamma. Vickers Oils is committed to sustainable product development and VICKERLUBE SOCK 46 meets the clearly defined criteria set out by the Global Organic Textile Standard (GOTS) and conforms to ZDHC MRSL Level 1 certification.

Panda Biotech announced that building construction is complete and the official commissioning process to bring its Panda High Plains Hemp Gin™ (the “Panda Hemp Gin”) project online began in early Q4. The commissioning process marks the final stage before beginning commercial operations in Q1 2024 at the 500,000 square foot Wichita Falls, Texas facility. The Panda Hemp Gin will process 10 metric tons of industrial hemp per hour to produce textile-grade fiber, hurd, short-fiber hurd mix, and a nutrient-rich co-product that will be pelletized. The facility is expected to be the largest hemp decortication center in the Western Hemisphere and among the largest in the world.

Using only renewable energy sources, the engineering and production process at the Panda Hemp Gin has been certified green by Mid-South Engineering Company, in accordance with the International Capital Market Association’s Green Bond Principles. Panda Biotech has also partnered with Oritain, a scientific traceability company, to bring the most traceable hemp grown 100 percent in the United States to market.

Additionally, Panda Biotech is actively signing contracts with producers to grow the hemp feedstock for the 2024 growing season, as well as purchasing hemp fiber that has already been harvested or processed. The company recently unveiled an unmatched pay-to-grow program for producers to begin growing Panda hemp. With up-front, guaranteed money and agronomy support, Panda producers also receive tested and proven seed at no cost, successfully mitigating the risk producers may assume and underscoring Panda’s commitment and promise to the farming community. The benefits of growing hemp are substantial, as it is an excellent rotational crop that remediates the soil and provides a competitive margin.

“Each piece of the Panda Hemp Gin production line, including the three miles of overhead pneumatic duct lines, refining, blending, mechanical cottonization, hurd bagging and storage, baling, and more, must be individually started, checked, balanced, and commissioned,” says Panda Biotech Executive Vice President Scott Evans. “Currently, all equipment is individually being brought online to be officially placed in service.”

The long-time sales manager is leaving the company at the end of this year. Frank Neumann joined Dibella in 1999 as a sales representative in the field service and was most recently responsible as sales manager for the areas of northern Germany and Berlin, as well as for exports, particularly for Scandinavia and Eastern Europe. He played a leading role in developing cruise companies as a new customer base for Dibella.

In addition, he was one of the co-founders of MaxTex, an international association that aims to ensure sustainable trade along the entire value chain, together with the then Dibella Managing Director Ralf Hellmann.

As an authorised signatory and member of the management board, Frank Neumann made a significant contribution to the company's success. "With Frank Neumann, we are saying goodbye to a valued colleague and proven expert. We would like to thank Mr Neumann for his extraordinary commitment to Dibella and wish him all the best for the future," says Stefan Tenbusch, Managing Director at Dibella.

Die Belastung der Umwelt mit Schadstoffen ist ein großes Problem, die sich in Luft, Böden oder Gewässern anreichern und nur mühsam zu beseitigen sind. Dazu gehören PFAS (Perfluoralkylchemikalien), schwer abbaubare Chemikalien, die in sehr unterschiedlichen Produkten vorkommen. So werden damit beispielsweise Textilien beschichtet, die für Outdoor-Kleidung Verwendung finden, um sie vor Feuchtigkeit zu imprägnieren. PFAS sind aber auch in Backpapier, Skiwachs sowie Kosmetika wie Wimperntusche, Make-up und Lippenstiften vorhanden.

Auch in Feuerlöschern kamen PFAS bis vor Kurzem zum Einsatz. Mittlerweile sind sie EU-weit verboten, sodass die vorher damit ausgerüsteten Anlagen rückstandsfrei gereinigt werden müssen. Betriebe, die Schaummittel-Löschanlagen haben, müssen für den Brandfall gerüstet sein, andererseits besteht aber die Pflicht, Geräte und Anlagen rückstandslos von PFAS zu befreien.

Die NT Service GmbH mit Sitz in Steinhöfel bietet die Dekontamination von Schaummittel-Löschanlagen, insbesondere hinsichtlich PFC/PFAS-Rückständen und übernimmt für Kunden die Umwelthaftung.

Santoni Shanghai Knitting Machinery Co., Ltd. announces that it has received regulatory approval from Chinese authorities for its proposed acquisition of Terrot GmbH, a manufacturer of circular knitting machines in Germany.

The acquisition represents a pivotal step in Santoni's strategy to advance the circular knitting machine industry. The integration of Terrot into the Santoni ecosystem is projected to increase Santoni's production capacity and boost its market share, and in conjunction with other strategic objectives, firmly solidify Santoni's position as the leading manufacturer in the industry, with unrivaled scale, depth of innovation and expertise.

Seeking to meet rising demand for high-end circular knitting products, Santoni has pursued an Ecosystem Strategy in recent years, aiming to unify a highly fragmented industry and enhance innovation, sustainability and digitalization to more effectively meet market needs. The deployment of both parties' latest innovation practices, textile automation offerings, integrated enterprise services, C2M solutions, and a platform for designers "Materialliance", will allow Santoni Shanghai and Terrot to connect and bridge demand and offer of circular knitted products.

By incorporating Terrot's offerings, particularly in the double jersey and jacquard sector, Santoni stands to gain a competitive edge in offering machines known for their performance, low maintenance, and cost-effectiveness. Highlighting this shift is Terrot's UCC 572-T, a transfer jacquard machine for sports and leisurewear.

Following the acquisition, Terrot will continue to operate under the leadership of managing directors Robert W. Czajkowski and Dirk Lange. Santoni plans to maintain Terrot’s headquarters in Chemnitz, Germany, along with its facilities, brands, and practices.

Dibella will present its circular bed linen “Versailles” at the Sustainable Design Summit and the Cruise Ship Interiors Design Expo in London. Dibella is thus once again underpinning its reputation as a pioneer in the field of sustainability.

The Bocholt-based company is presenting its new innovation for the first time at the Sustainable Design Summit on 28 November 2023 at the Museum of London Docklands. International visitors from the cruise, hotel and aviation sectors will have the opportunity to find out more about the first circular bed linen "Versailles".

At the subsequent Cruise Ship Interiors Design Expo from 29 to 30 November 2023 at ExCeL in London, Dibella will be exhibiting for the second time after a successful start in 2022. Under the motto "Almost too good to get out of bed", Dibella will be presenting its new innovation "Versailles", its multi-certified products, the company and its customised services and benefits.

With "Versailles", Dibella is realising its vision of a closed-loop economy. The specialist for sustainable contract textiles has succeeded in recycling old, no longer usable bed linen into new fibres and weaving them into new bed linen.

TrusTrace, a SaaS (Software as a Service) company with a platform for supply chain traceability and compliance data management, announced that PIP Global Safety, a supplier of protective workwear equipment with over 30 brands globally, has selected the TrusTrace platform to support its traceability needs, including evidence collection to prove compliance for the UFLPA (Uyghur Forced Labor Prevention Act).

PIP Global Safety will now leverage verified, real-time data on the TrusTrace platform to provide deeper visibility into the cotton used within the Company’s PPE and workwear products. The partnership will also improve the efficiency of chain of custody data collection for UFLPA compliance – a U.S. regulation that is compelling companies to assess risks in their supply chain and implement processes to ensure that suppliers are not using forced labor.

PIP Global Safety previously managed their supply chain traceability manually; now, TrusTrace will automate the process, changing how data is collected, digitized and shared. “After an extensive vetting process, we selected TrusTrace as our traceability platform because of their ability to provide us with detailed, product-level data that enables us to thoroughly and accurately map our supply chains,” said Nathan McCormick, Senior VP of Operations & Integrated Supply Chain at PIP Global Safety. “While a lot of laws and regulations around due diligence have not yet come into force, we are taking a proactive approach to ensure that we’re ahead of the curve to support our customers’ needs while proactively monitoring for risk of forced labor in our supply chain.”

In addition to supporting regulatory compliance, TrusTrace supports PIP Global Safety’s long-standing sustainability and social responsibility initiatives. PIP Global Safety has pledged to continually identify opportunities to minimize their environmental footprint while still maximizing protection against occupational hazards. This commitment extends to multiple aspects of the business, including Manufacturing Processes, Sustainability-Driven Programs, Recycled Products, Social Sustainability and Future Initiatives.

Solvay announced the future Board of Directors of SYENSQO, effective upon completion of the planned separation of Solvay into two companies – SOLVAY and SYENSQO – which is on track to be completed in December 2023.

SYENSQO’s Board will be composed of 10 members, including 6 independent members, 3 members representing the reference shareholder, Solvac, and the company CEO. They have deep expertise in specialty industries, international business operations, risk management, corporate governance, finance and clean technology.

The following individuals will serve on the SYENSQO Board of Directors:
Rosemary Thorne will serve as independent Director and Chair of the SYENSQO Board, as well as Chair of the Board’s Finance Committee. She is currently an Independent Director on the Solvay Board of Directors, appointed in 2014, and Chair of the Board’s Audit Committee. She is also an Independent Director on the Board of Merrill Lynch International (UK), a wholly-owned subsidiary of Bank of America, serving as Chair of the Audit Committee. Ms. Thorne has decades of financial leadership experience across a wide range of industries. She previously served as Chief Financial Officer at J. Sainsbury, the UK’s largest supermarket chain at the time; Bradford & Bingley; and Ladbrokes. Ms. Thorne previously sat as an Independent Director on the Boards of Royal Mail Group, Cadbury Schweppes, Santander UK, First Global Trust Bank and Smurfit Kappa Group.

Dr. Ilham Kadri will serve as Chief Executive Officer and member of the Board of Directors of SYENSQO. She is currently CEO and President of the Executive Committee at Solvay. Ms. Kadri has successfully led the turnaround of Solvay, delivering double-digit EBITDA growth and 18 consecutive quarters of positive free cash flow, deleveraging the balance sheet and promoting superior people engagement. She is an independent Board member at A.O. Smith and L’Oréal. She is active in non-profit organizations, as Chair of the World Business Council for Sustainable Development (WBCSD), member of the steering committee of the European Round Table of Industrialists (ERT) as well as a permanent member of the World Economic Forum’s International Business Council (WEF). Ms. Kadri has extensive leadership experience across a variety of industries in four continents and with leading industrial multinationals, including Shell, UCB, Huntsman, Dow, Sealed Air. Prior to Solvay, she was CEO and President of Diversey in the USA, led the company’s return to profitability and resulting spin off and divestiture to Bain Capital. She founded two non-Profit foundations: the Solvay Solidarity Fund in Belgium in 2020 which supported more than 7000 families affected by Covid-19 and natural disasters; and founded the ISSA Hygieia Network in 2015 in the USA, to help women in the cleaning industry. She received two Doctor Honoris Clausa from EWHA University in Korea and Université de Namur in Belgium.

Julian Waldron will serve as independent Director and Chair of the Audit Committee. He currently serves as Deputy Executive Chairman of privately-held Albea Group, a global beauty and personal care packaging company which operates 35 facilities in Europe, Asia and the Americas. Mr. Waldron has held senior leadership roles at several leading listed companies in the industrial, technology and services sectors and brings a wealth of expertise in finance and business operations. Prior to joining Albea in 2022, he was Chief Financial Officer of Suez for three years after serving as Chief Financial Officer and subsequently Chief Operating Officer of Technip. He started his career at UBS Warburg where he spent 14 years. Mr. Waldron also served as an independent Board member and Chairman of finance, risk and investments at Carbon Clean, a privately-owned carbon capture company dedicated to achieving net zero.

Heike Van de Kerkhof will serve as independent Director and Chair of the Nomination Committee. She currently sits on the Board of OCI N.V.. Ms. Van de Kerkhof brings more than 30 years of experience in the chemicals, oil & gas and materials industries, having served in numerous leadership roles around the globe. From 2020 to 2023, she was Chief Executive Officer of Archroma Management, a global specialty chemicals company. During her tenure, she successfully completed the transformational acquisition of Huntsman’s Textile Effects business. Prior to her role at Archroma, Ms. Van de Kerkhof served as Vice President of Lubricants, Western Hemisphere at BP, and held positions at Castrol, The Chemours Company, and Neste Corporation. She also held many leading roles within DuPont over 18 years.

Matti Lievonen will serve as independent Director and Chair of the Compensation Committee. He is currently an independent director on the Solvay Board, appointed in 2017. Mr. Lievonen is a proven executive in the energy, forestry, power and automation industries with an extensive track record of leading businesses through climate transition. For over ten years until 2018, he served as Chairman and Chief Executive Officer of Neste Corporation, a global leader in next-generation renewable fuels and chemicals. During his time at Neste, Mr. Lievonen successfully promoted the development of clean fuels as well as Finland’s bioeconomy strategy in advancing renewable transportation fuels. He has also been involved with organizations such as Fortum Board, SSAB, Nynäs AB, Ilmarinen, and the HE Finnish Fair Foundation. Until 2021, Mr. Lievonen was also Chairman of the Board of Directors at Fortum. He has been recognized for his admirable leadership and expertise, and in 2016 was awarded an Honorary Doctorate of Technology by the Aalto University Schools of Technology.

Dr. Françoise de Viron will serve as non-independent Director, Chair of the ESG Committee and Vice-Chair of the Board. She is currently a director of the Solvay Board, appointed in 2013. Ms. de Viron is a regarded academic leader and has extensive experience in innovation, R&D and qualitative research. She is a Professor Emeritus at the Faculty of Psychology and Education Sciences and Louvain School of Management at UCLouvain in Belgium where she has been an Academic Member of various groups at UCLouvain. Ms. de Viron previously served as the president of AISBL EUCEN – the European Universities Continuing Education Network. Prior to her university position, from 1985 to 2000, she was in charge of developing Artificial Intelligence applications at Tractebel S.A. (now Tractebel-Engie).

Roeland Baan will serve as independent Director. He currently serves as President and Chief Executive Officer of Topsoe, a privately-held leading provider of clean energy and petrochemical technologies. He is also Chairman of the Supervisory Board of SBM Offshore NV. Roeland Baan has extensive experience in supply chain management, M&A, business development and operations management. Prior to joining Topsoe in 2020, he was President and CEO of Outokumpu and has held several executive roles at global organizations such as Aleris International, ArcelorMittal and SHV NV. He spent over 16 years in various roles across the globe at Shell, living in South America, in Africa and in the United Kingdom.

Edouard Janssen will serve as non-independent Director. He is currently a Director on the Solvay Board, appointed in 2021. Earlier this year, he was appointed Chief Financial Officer of D’Ieteren Group, a European leader in automotive distribution services. Mr. Janssen is also a Board member of privately-held Financière de Tubize and Union Financière Boël, as well as Co-Founder and Chair of Trusted Family. Mr. Janssen is active in academics, as Vice-Chair of the International Advisory Board of the Solvay Brussels School of Economics and Management and on the advisory board of the INSEAD HGIBS. He brings expertise in finance, strategy, entrepreneurship, business management, planning and marketing. He has served as Solvay’s Vice President in strategy and M&A between 2019 and 2021, and prior to that, he was the US-based General Manager for North- and Latin America at Solvay’s Aroma Performance Global Business Unit.
 
Dr. Mary Meaney will serve as non-independent Director. She is currently a member of the Board of Directors and of the Audit Committee of Groupe Bruxelles Lambert SA. She also sits on the Board of Directors and the Remuneration Committee of Beamery, the privately-held talent management company. She is a member of the Board of Directors and of the Finance Committee of Imperial College, London.Dr. Meaney will bring expertise in Strategy, M&A, and change management, which she acquired over a 24-year career at McKinsey. She was a Senior Partner, served on the McKinsey Shareholders Council and led McKinsey’s global Organization practice.

Nadine Leslie will serve as independent Director and is based in the United States of America. She is currently a member of the Board of Directors of Provident Financial Services , as well as a Non-Executive Director of Seven Seas Water Corporation, a water and wastewater treatment multinational company. She also sits on the Board of Trustees of Hackensack Meridian Health Network and is active as strategic consultant for civil engineering firm T&M Associates. Over a 22-year career at Suez, Ms. Leslie held several leadership positions, the last one being Chief Executive Officer of Suez North America, until 2022. Previously she served as Executive Vice President Health & Safety.

OETI, a Member of TESTEX Group, is an official ZDHC Approved Solution Provider under the ZDHC Roadmap to Zero Programme. Expanding beyond its existing role as a ZDHC Approved MRSL Certification Body for OEKO-TEX® ECO PASSPORT around the globe, OETI now offers comprehensive ZDHC training services in India.

The ZDHC (Zero Discharge of Hazardous Chemicals) Roadmap to Zero Programme drives sustainable chemical management in the global textile, apparel, leather, and footwear sectors. OETI's ZDHC training services empower brands, manufacturers, and other ZDHC stakeholders to master sustainable chemical management, adopting ZDHC guidelines, platforms, and solutions.

This programme delivers a comprehensive understanding of chemical management systems (CMS) and their practical implementation within the textile and leather industries. Targeting various organisational departments, including management, chemical teams, procurement, compliance, and sustainability, this training fosters collaboration within the departments regarding sustainable chemical management.