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08.12.2022

Lectra to acquire 51% of TextileGenesis

  • Lectra extends its software offer to material traceability

Lectra announces the signature of an agreement to acquire 51% of the capital and voting rights of the Dutch company TextileGenesis. As a major player in the fashion, automotive, and furniture markets, Lectra contributes with boldness and passion to the Industry 4.0 revolution by providing software, equipment, data, and services to brands, manufacturers, and retailers.

Founded in 2018, TextileGenesis provides a Software as a Service (SaaS) platform that enables fashion brands and sustainable textile manufacturers to ensure a reliable, secure and fully digital mapping of their textiles, from the fiber to the consumer, and thereby guarantee their authenticity and origins. This solution ensures the traceability of TextileGenesis’ customers' entire sustainable textile supply chain in order to meet the demands for transparency, driven by changes in legislation in a growing number of countries and by growing consumer awareness, thereby encouraging sustainable development.  

  • Lectra extends its software offer to material traceability

Lectra announces the signature of an agreement to acquire 51% of the capital and voting rights of the Dutch company TextileGenesis. As a major player in the fashion, automotive, and furniture markets, Lectra contributes with boldness and passion to the Industry 4.0 revolution by providing software, equipment, data, and services to brands, manufacturers, and retailers.

Founded in 2018, TextileGenesis provides a Software as a Service (SaaS) platform that enables fashion brands and sustainable textile manufacturers to ensure a reliable, secure and fully digital mapping of their textiles, from the fiber to the consumer, and thereby guarantee their authenticity and origins. This solution ensures the traceability of TextileGenesis’ customers' entire sustainable textile supply chain in order to meet the demands for transparency, driven by changes in legislation in a growing number of countries and by growing consumer awareness, thereby encouraging sustainable development.  

Its innovative traceability mechanism, which addresses both ends of the textile value chain, as well as its network of partners for material certification, and its technology platform guarantee the exchange and tracking of reliable and secure data throughout a material's life cycle.

Several of the world's most prestigious fashion brands as well as leading sustainable fiber producers are already convinced of the value of TextileGenesis' innovative offer, which enables the connection of multiple actors of the sustainable fashion ecosystem on this platform.

At the beginning of January, Lectra will acquire 51% of TextileGenesis for 15.2 million euros. The acquisition of the remaining share capital and voting rights is expected to take place in two stages, in 2026 and 2028, for an amount that will be calculated based on a multiple of the 2025 and 2027 recurring revenues.

(c) INDA
07.10.2022

INDA: Highlights of the 12th edition of RISE®

  • DiaperRecycle Wins RISE® Innovation Award for Technology that Transforms Used Diapers into Cat Litter

Product development and innovators in nonwovens & engineered materials gained expert insights on material science innovation and sustainability at the 12th edition of RISE® — Research, Innovation & Science for Engineered Fabrics conference, organized by INDA, the Association of the Nonwoven Fabrics Industry, and The Nonwovens Institute, North Carolina State University, Sept. 27-28 at North Carolina State University in Raleigh, NC.

More than 20 industry, academic, and government experts from across the globe presented technical developments in sessions focused on circularity and sustainable inputs from such sources as Polylactic Acid Polymers (PLA), natural fibers, biofibers, and waste products.

  • DiaperRecycle Wins RISE® Innovation Award for Technology that Transforms Used Diapers into Cat Litter

Product development and innovators in nonwovens & engineered materials gained expert insights on material science innovation and sustainability at the 12th edition of RISE® — Research, Innovation & Science for Engineered Fabrics conference, organized by INDA, the Association of the Nonwoven Fabrics Industry, and The Nonwovens Institute, North Carolina State University, Sept. 27-28 at North Carolina State University in Raleigh, NC.

More than 20 industry, academic, and government experts from across the globe presented technical developments in sessions focused on circularity and sustainable inputs from such sources as Polylactic Acid Polymers (PLA), natural fibers, biofibers, and waste products.

Highlights included presentations on Achieving Supply Chain Circularity, by Kat Knauer, Ph.D., Program Manager – V Research, National Renewable Energy Laboratory, NREL; The Global Plastic Crisis: Winners/Losers in the Marketplace, by Bryan Haynes, Ph.D., Senior Technical Director, Global Nonwovens, Kimberly-Clark Corporation; Sustainable Fibers – Development and the Future by Jason Locklin, Ph.D. Director, University of Georgia – New Materials Institute; PLA & PLA Blends: Practical Aspects of Extrusion by Behnam Pourdeyhimi, Ph.D., William A. Klopman Distinguished Professor, and Executive Director, The Nonwovens Institute, North Carolina State University; and Mitigation of Quat Incompatibility with Cotton and other Cellulosic-based Substrates, by Doug Hinchliffe, Ph.D., Research Molecular Biologist, USDA-ARS.

RISE® Innovation Award Winner
DiaperRecycle was awarded the RISE® Innovation Award for its innovative technology to recycle used diapers into absorbent and flushable cat litter. The annual award recognizes innovation in areas within and on the periphery of the nonwovens industry that use advanced science and engineering principles to develop unique or intricate solutions to problems and advance  nonwovens usage.

By diverting used diapers from households and institutions, and separating the plastic and fiber, DiaperRecycle strives to decrease the climate-changing emissions of diapers from landfills.  “I am thrilled and grateful to win this award — as it proves we are on the right track,” said Cynthia Wallis Barnicoat, CEO of DiaperRecycle.

Other award finalists included Binder BioHook® by Gottlieb Binder GmbH & Co. KG and Sero® hemp fibers from Bast Fibre Technologies, Inc. (BFT).

The 13th edition of RISE® — Research, Innovation & Science for Engineered Fabrics conference will be held Sept. 12-13, 2023 at North Carolina State University in Raleigh, NC.

Source:

INDA

(C) INDA
17.08.2022

RISE® – Research, Innovation & Science for Engineered Fabrics Conference in September

  • Focus on Rethinking, Reusing and Recycling Nonwovens this September
  • Industry Experts Present Material Science Innovations & Sustainability

More than 20 industry experts will present their views on how material science innovations can create a more sustainable future for the nonwovens industry at the Research, Innovation & Science for Engineered Fabrics (RISE®) Conference, Sept. 27-28 in Raleigh, at North Carolina State University, co-organized by INDA and The Nonwovens Institute at North Carolina State University.

Starting with responsible sourcing of nonwoven inputs to developing realistic end-of-life options and circularity opportunities, RISE will focus on rethinking, reusing and recycling nonwovens and engineered materials at the Talley Student Union in Raleigh.    

Participants will learn what’s coming next with sessions on the following six themes: Towards a More Circular Industry; Advancement in Sustainable Inputs; Development in Natural Fibers; Sustainable Inputs: Fibers and Biofibers; Waste Not, Want Not, Sustainable Inputs from Waste Products; and Economic Insights and Market Intelligence.

  • Focus on Rethinking, Reusing and Recycling Nonwovens this September
  • Industry Experts Present Material Science Innovations & Sustainability

More than 20 industry experts will present their views on how material science innovations can create a more sustainable future for the nonwovens industry at the Research, Innovation & Science for Engineered Fabrics (RISE®) Conference, Sept. 27-28 in Raleigh, at North Carolina State University, co-organized by INDA and The Nonwovens Institute at North Carolina State University.

Starting with responsible sourcing of nonwoven inputs to developing realistic end-of-life options and circularity opportunities, RISE will focus on rethinking, reusing and recycling nonwovens and engineered materials at the Talley Student Union in Raleigh.    

Participants will learn what’s coming next with sessions on the following six themes: Towards a More Circular Industry; Advancement in Sustainable Inputs; Development in Natural Fibers; Sustainable Inputs: Fibers and Biofibers; Waste Not, Want Not, Sustainable Inputs from Waste Products; and Economic Insights and Market Intelligence.

The 12th edition of RISE® will bring together thought leaders in product development, materials science, and new technologies to connect and convene for the industry’s premier nonwovens science and technology conference.

Expert speakers will address the latest trends and innovations around circularity – an important component of sustainability strategies that aims to return a product into the supply chain, instead of the landfill, after users are done consuming it.

RISE® session highlights include:

  • The Global Plastic Crisis: Who Will Be the Winners/Losers in The Marketplace?
    Bryan Haynes, Ph.D., Senior Technical Director, Global Nonwovens, Kimberly-Clark Corporation
  • Sustainable Fibers – Developments and the Future
    Jason Locklin, Ph.D., Director, University of Georgia, New Materials Institute and David Grewell, Ph.D., Center Director, Center for Bioplastics and Biocomposites
  • Thinking Differently: In a Changing World What’s Next for NatureWorks and Polylactic Acid Polymers (PLA)
    Liz Johnson, Ph.D., Vice President of Technology, NatureWorks LLC
  • PLA and PLA Blends: Practical Aspects of Extrusion
    Behnam Pourdeyhimi, Ph.D., William A. Klopman Distinguished Professor and Executive Director, The Nonwovens Institute, North Carolina State University
  • Hemp is Strong – Are You?
    Olaf Isele, Strategic Product Development Director, Trace Femcare, Inc.
  • Exploring Natural Fibers in Nonwovens
    Paul Latten, Director of Research and Development & New Business, Southeast Nonwovens, Inc.
  • Potential Nonwoven Applications of Tree-Free Fibers Made from Microbial Cellulose –
    Heidi Beatty, Chief Executive Officer, Crown Abbey, LLC
  • Ultra Fine Fibers Made from Recycled Materials
    Takashi Owada, General Manager, Teijin Frontier (U.S.A.), Inc.

The event also will feature the presentation of the RISE® Innovation Award, a special opportunity to tour the Nonwovens Institute’s state-of-the-art facilities with advance registration required, and poster presentations by North Carolina State University graduate students.

Source:

INDA, Association of the Nonwoven Fabrics Industry

04.05.2022

Lenzing rides out significant cost pressure to report solid first quarter

Lenzing – In the first quarter of 2022, the Lenzing Group, like the entire manufacturing industry, was significantly affected by the extreme developments in global energy and commodity markets. A predominantly positive market environment and the strategic focus on specialty fibers such as those of the TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ brands nevertheless ensured a solid revenue and earnings trend, with the effect of higher costs being largely offset.

•    Solid revenue and earnings performance despite extremely tight cost situation
•    Personnel changes on the Managing and Supervisory Boards – Stephan Sielaff appointed as the new CEO
•    Successful production start at world’s largest lyocell plant in Thailand
•    World’s largest pulp mill of its kind successfully started-up in Brazil
•    Premium textile brand TENCEL™ celebrates 30 years of sustainable fiber innovation

The Lenzing Interim Report 01-03/2022 is available on the company website.

Lenzing – In the first quarter of 2022, the Lenzing Group, like the entire manufacturing industry, was significantly affected by the extreme developments in global energy and commodity markets. A predominantly positive market environment and the strategic focus on specialty fibers such as those of the TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ brands nevertheless ensured a solid revenue and earnings trend, with the effect of higher costs being largely offset.

•    Solid revenue and earnings performance despite extremely tight cost situation
•    Personnel changes on the Managing and Supervisory Boards – Stephan Sielaff appointed as the new CEO
•    Successful production start at world’s largest lyocell plant in Thailand
•    World’s largest pulp mill of its kind successfully started-up in Brazil
•    Premium textile brand TENCEL™ celebrates 30 years of sustainable fiber innovation

The Lenzing Interim Report 01-03/2022 is available on the company website.

Source:

Lenzing AG

29.03.2022

Esprit Announces Annual Results for FY2021

  • Revenue Increases to HK$8,316 Million with Net Profit After Tax Surging Significantly
  • Recording a Turnaround to HK$381 Million
  • Re-Establishes ESPRIT’s Market Leadership

ESPRIT HOLDINGS LIMITED has announced its audited financial annual results for the year ended 31 December 2021, highlighted by a significant increase in both revenue and profit attributable to shareholders of the Company to HK$8,316 million and HK$381 million respectively, in which the profit attributable to shareholders of the Company also recorded a turnaround versus the loss attributable to shareholders of the Company of HK$414 million for the six months ended 31 December 2020. Gross profit margin was 48.6%, 7.0% higher than the Corresponding Period. Please refer to the Company’s results announcement for the Current Year for further details.

  • Revenue Increases to HK$8,316 Million with Net Profit After Tax Surging Significantly
  • Recording a Turnaround to HK$381 Million
  • Re-Establishes ESPRIT’s Market Leadership

ESPRIT HOLDINGS LIMITED has announced its audited financial annual results for the year ended 31 December 2021, highlighted by a significant increase in both revenue and profit attributable to shareholders of the Company to HK$8,316 million and HK$381 million respectively, in which the profit attributable to shareholders of the Company also recorded a turnaround versus the loss attributable to shareholders of the Company of HK$414 million for the six months ended 31 December 2020. Gross profit margin was 48.6%, 7.0% higher than the Corresponding Period. Please refer to the Company’s results announcement for the Current Year for further details.

Such financial improvement was attributable to various reasons, including (i) the new infrastructure and strategies instituted by the current management team; (ii) improvement in sales with higher gross profit margin; (iii) positive results of efficient cost control measures; (iv) improved inventory management; and (v) growth in E-commerce.

Although revenue in the Current Year was affected by lockdowns in the Company’s major European markets during the first quarter of 2021, and due to increased restrictions on entry requirements into stores during the fourth quarter of 2021, the Group generated revenue via three main channels: E-commerce, wholesale, and owned retail stores. As the ESPRIT brand website and third-party E-commerce partners continued to trade during lockdown, a large portion of the Group’s sales were generated online. This business model allowed it to mitigate some of the negative impacts of the Pandemic in the retail segment. Another driver of growth came from selling fewer discounted products from the Company’s retail business compared to 2020.

The Group has not forgotten the ESPRIT mission and long-standing commitment to sustainability. The Company has continued to work tirelessly towards developing cutting-edge materials that set new standards in terms of environmental sustainability. The Company has formulated and further advanced its ESG strategies to establish ESPRIT as an industry pioneer. Such strategies involve the greater use of sustainable fibers, developing new and innovative product options that support a circular economy, and ensuring environmental awareness is a key message that underpins all of the Group’s projects. To achieve these objectives, the Management has identified four key pillars of growth (Sourcing and Procurement; Marketing and Product; IT, Internet, and E-commerce; and The ESPRIT Brand Story) that are paramount in maintaining the loyalty of existing ESPRIT patrons and attracting new customers.

Looking ahead, the global economy is anticipated to be negatively affected by the lingering effects of the coronavirus pandemic and the conflict in Ukraine. The already unstable logistics industry and disrupted supply chain will likely be further impacted, which in turn will result in higher logistic service costs. Despite the unfavorable global economic outlook, the Group believes that under the leadership of its current management and with the support of dedicated staff members, the Company is on track to ongoing profit growth.

Source:

FleishmanHillard