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25.03.2024

Texhibition Istanbul: Fifth edition successfully concluded

The fifth edition of the Texhibition Istanbul Fabric and Textile Accessories Fair from 6 to 8 March 2024, organised by İTKİB Fuarcılık A.Ş. in cooperation with the Istanbul Textile Exporters Association (İTHİB), presented 557 exhibitors showcasing the entire range of the textile supplying section: from woven and knitted fabrics to accessories and artificial leather. A new addition was a separate hall for yarns and denim, the BlueBlackDenim hall. With this trade fair, Texhibition has more than doubled its floor space compared to the last event to 35,000 square metres.

Exhibitors
Texhibition Istanbul acts as a central point of contact for the entire international industry, with a clear focus on quality, innovation and the latest trends like the denim companies Bossa, Çalık, İsko, İskur and Kipaş at the BlueBlackDenim Hall.

Yarn companies such as Aksa, Diktaş, Ensar, Karafiber, Kaplanlar, Korteks, Migiteks, Sasa, Tepar showed the production power of the yarn sector, where the product quality, design and workmanship came together.

The fifth edition of the Texhibition Istanbul Fabric and Textile Accessories Fair from 6 to 8 March 2024, organised by İTKİB Fuarcılık A.Ş. in cooperation with the Istanbul Textile Exporters Association (İTHİB), presented 557 exhibitors showcasing the entire range of the textile supplying section: from woven and knitted fabrics to accessories and artificial leather. A new addition was a separate hall for yarns and denim, the BlueBlackDenim hall. With this trade fair, Texhibition has more than doubled its floor space compared to the last event to 35,000 square metres.

Exhibitors
Texhibition Istanbul acts as a central point of contact for the entire international industry, with a clear focus on quality, innovation and the latest trends like the denim companies Bossa, Çalık, İsko, İskur and Kipaş at the BlueBlackDenim Hall.

Yarn companies such as Aksa, Diktaş, Ensar, Karafiber, Kaplanlar, Korteks, Migiteks, Sasa, Tepar showed the production power of the yarn sector, where the product quality, design and workmanship came together.

In addition to well-known companies such as Almodo, Bahariye, BTD, Can Textile, Iskur, Kipaş, Menderes, Söktaş, Yünsa, Zorlu, İpeker a large number of other export-oriented companies from the segments of textiles (woven fabrics, knitting) presented their latest designs and products.

Visitors
25,752 visitors came from over 112 countries, 41.8% from the European Union (including Germany, Italy, the Netherlands, Spain, Romania etc.) and Great Britain, Ukraine,26.5% from Asia (including Russia etc.), 14.8% from the Middle East (including Jordan, United Arab Emirates, Saudi Arabia) 10.7% from North Africa (including Algeria, Tunisia etc.), 3.1% from North America (United States, Canada), 3.1% from South America and other countries.

American buyers from the USA and Canada in particular, but also a large number of Mexican and Colombian buyers took advantage of the numerous match-making opportunities at Texhibition. Many B2B meetings took place and led to numerous orders being placed, including from key accounts such as Alexander Wang, Asos, Forever 21, Sainsbury's, Veronica Beard etc.

More information:
Texhibition Istanbul Yarns Denim
Source:

JANDALI

08.03.2024

Autoneum: Two new plants in China and India

  • Autoneum is expanding its production capacities in Asia with two new plants in Changchun in the Chinese province of Jilin and Pune in Western India.

The world's largest automotive market Asia is one of the most important sales regions for vehicle manufacturers and suppliers as well as a pioneer for new forms of e-mobility. Autoneum already supplies both international and local vehicle manufacturers in Asia with multifunctional lightweight components for noise and heat protection, supporting them in their commitment to sustainable mobility. Autoneum is expanding its production capacities in the key automotive hubs of China and India to increase its presence and thus its proximity to customers in these important production centers.

  • Autoneum is expanding its production capacities in Asia with two new plants in Changchun in the Chinese province of Jilin and Pune in Western India.

The world's largest automotive market Asia is one of the most important sales regions for vehicle manufacturers and suppliers as well as a pioneer for new forms of e-mobility. Autoneum already supplies both international and local vehicle manufacturers in Asia with multifunctional lightweight components for noise and heat protection, supporting them in their commitment to sustainable mobility. Autoneum is expanding its production capacities in the key automotive hubs of China and India to increase its presence and thus its proximity to customers in these important production centers.

Autoneum’s new plant in China, which will be operated as a joint venture, will be located in Changchun in the northern Chinese Jilin province, which is one of Asia’s largest car production centers. The proximity to key local and international vehicle manufacturers makes Changchun a strategically important and attractive location for Autoneum. The plant will help to increase market share with European, Japanese and Chinese car manufacturers with products for light vehicles and also support the expansion of the Company’s business with components for commercial vehicles in this region. The project is supported by the local authorities in China. From the end of 2024, the plant will ramp up production with first samples for already awarded business for inner dashes, interior floor insulators and other NVH (noise, vibration, harshness) components for cars of all drive types.

Autoneum is furthermore expanding its local presence in Western India with a fully owned production facility in Pune in the state of Maharashtra. The Company already operates two locations in India: one in Behror near New Delhi in the north and a joint venture plant in Chennai in the south. Thanks to the new Pune plant, Autoneum will now be present in the north, west and south of the country and gain access to the third of four major automobile production centers in India. Orders have already been received and the plant in Pune will start manufacturing carpet systems, interior trim, wheelhouse outer liners, e-motor covers and other noise protection components as of the second quarter of 2024. From the 7 500 square meter building, Autoneum will supply international as well as local car manufacturers with a particular focus on Indian and Korean vehicle manufacturers.

Source:

Autoneum Management AG

Borealis celebrates 30th anniversary (c) Borealis
05.03.2024

Borealis celebrates 30th anniversary

Borealis is commemorating its thirtieth year of operations. Born of a merger between Statoil and Neste, Borealis has expanded from its early Nordic roots to become one of the top polyolefins players. Its dedication to value creation through innovation has produced proprietary and transformative technologies which benefit society and accelerate the transition to a circular economy. The company is regularly ranked as Austria's top innovator in the European Patent Index and holds an extensive patent portfolio of around 8,900 granted patents. In Europe in particular, Borealis has for decades bolstered the industrial landscape by investing in its capital assets, and by providing thousands of jobs.

Borealis is commemorating its thirtieth year of operations. Born of a merger between Statoil and Neste, Borealis has expanded from its early Nordic roots to become one of the top polyolefins players. Its dedication to value creation through innovation has produced proprietary and transformative technologies which benefit society and accelerate the transition to a circular economy. The company is regularly ranked as Austria's top innovator in the European Patent Index and holds an extensive patent portfolio of around 8,900 granted patents. In Europe in particular, Borealis has for decades bolstered the industrial landscape by investing in its capital assets, and by providing thousands of jobs.

Innovations
Borealis uses technological innovation to add value to polyolefin-based applications, ensure that production processes are made more resource efficient, and to accelerate plastics circularity. Borstar®, the multi-modal proprietary technology for the manufacture of polyethylene (PE) and polypropylene (PP), has been a mainstay of Borealis success since the start-up of the first Borstar PE plant in Porvoo, Finland in 1995. Borstar has since been joined by other technology brands, like Borlink™, an innovation for the power cable industry; Borstar® Nextension Technology, an innovation that among other benefits facilitates the production of monomaterial applications designed for recycling; or the Borcycle™ M technology for mechanical recycling, which breathes new life into polyolefin-based, post-consumer waste, transforming it into applications with a lower carbon footprint.

Global Expansion
With the strong support of its two majority shareholders OMV (Austria) and The Abu Dhabi National Oil Company (ADNOC, UAE), Borealis continues to expand its global footprint. The joint venture Borouge, established in 1998 in the UAE, and listed on the Abu Dhabi Securities Exchange (ADX) since 2022, is one of the largest integrated polyolefin complexes. It is currently the site of the company’s largest-ever growth project: Borouge 4, the new USD 6.2 billion facility in Ruwais, which will serve customers in the Middle East and Asia. In North America, the Baystar™ joint venture, founded in 2017 and operated with partner TotalEnergies, entailed the construction of a new ethane cracker as well as the most advanced Borstar plant ever built outside of Europe. The PE Borstar 3G plant in Pasadena, Texas was started up in late 2023 and has brought Borstar to this continent for the first time. Borealis’ commitment to Europe as a production location is evidenced by the new, world-scale propane dehydrogenation (PDH) plant currently under construction at Borealis operations in Kallo, Belgium.

More information:
Borealis polyolefins Recycling
Source:

Borealis

23.02.2024

Kelheim Fibres: Price increase for viscose fibres from 1 April 2024

Kelheim Fibres GmbH, a leading manufacturer of specialty viscose fibres, has announced to increase its prices by 12% to 15% for specialty viscose fibres starting April 1, 2024.

With the strong rebound in cotton fibre prices, there has been a sharp increase in the demand for viscose, especially in Asia. In the face of the rapid rise in interest rates, wages, chemicals, and environmental costs, accompanied by depressed fibre prices over the past years, Kelheim Fibres sees no other choice than to start improving margins back to sustainable levels by raising the base price.

Kelheim Fibres GmbH, a leading manufacturer of specialty viscose fibres, has announced to increase its prices by 12% to 15% for specialty viscose fibres starting April 1, 2024.

With the strong rebound in cotton fibre prices, there has been a sharp increase in the demand for viscose, especially in Asia. In the face of the rapid rise in interest rates, wages, chemicals, and environmental costs, accompanied by depressed fibre prices over the past years, Kelheim Fibres sees no other choice than to start improving margins back to sustainable levels by raising the base price.

Source:

Kelheim Fibres

Messe Frankfurt launches brand events in Central Asia (c) Messe Frankfurt Group
16.02.2024

Messe Frankfurt launches brand events in Central Asia

Messe Frankfurt will extend its footprint in the Central Asian market by establishing seven brand events in Tashkent, Uzbekistan. The country’s strategic location as a crossroads of Europe and Asia positions it as a promising trade gateway and transportation hub, facilitating the economic development of neighbouring countries and access to the wider region. The company’s stronger presence in the market will promote business opportunities and foster the sustainable development of pillar industries, including cosmetics, textiles and clothing, automotive, logistics and transportation.

Messe Frankfurt will extend its footprint in the Central Asian market by establishing seven brand events in Tashkent, Uzbekistan. The country’s strategic location as a crossroads of Europe and Asia positions it as a promising trade gateway and transportation hub, facilitating the economic development of neighbouring countries and access to the wider region. The company’s stronger presence in the market will promote business opportunities and foster the sustainable development of pillar industries, including cosmetics, textiles and clothing, automotive, logistics and transportation.

Uzbekistan has a promising consumer market with significant potential. It is the largest in Central Asia and is expected to increase due to population growth, rising incomes and the modernisation of economic and industry sectors.
 
The nation has actively sought to diversify its economy in recent years, undertaking reforms for greater entrepreneurial freedom and opening up to more international and regional cooperation. The country already exports precious metals, textiles and agricultural produce. It imports machinery, equipment, means of transportation, and vehicle components from foreign trading partners. Attracting overseas investment is also apparent through incentives such as tax benefits, reduced import duties and simplified procedures for overseas investors.
 
In addition, shifting global supply chains and trading patterns could also drive opportunities in the region. The nation benefits from its geographical location owing to its position between Asia and Europe, to which the Uzbek Government recognises the prospects of investing in infrastructure, such as transportation and logistics, to create an efficient transit hub. Against this backdrop, China acknowledges the importance of developing routes along the Belt and Road while Europe has expressed a readiness to support Uzbekistan’s efforts to diversify transport corridors.

Line-up of shows include:

  • Automechanika Tashkent; Futuroad Expo Tashkent; and, Scalex Tashkent: 23 – 25 October 2024
  • Heimtextil Uzbekistan; Texworld Tashkent; and, Apparel Sourcing Tashkent: 6 – 8 November 2024
  • Beautyworld Central Asia: 21 – 23 November 2024
Source:

Messe Frankfurt (HK) Limited

05.02.2024

Launch of ERCA Textile Chemical Solutions

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

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

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

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

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

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

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

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

Source:

ERCA Textile Chemical Solutions (ERCA Group)

10. Ausgabe der Asia Apparel Expo in Berlin (c) COMASIA Limited
19.01.2024

10. Ausgabe der Asia Apparel Expo in Berlin

Vom 19. bis 21. Februar 2024 findet die 10. Asia Apparel Expo in Berlin statt – über 250 ausgewählte Mode- und Textil-Hersteller aus den führenden asiatischen Herstellerländern werden dann ihre neuen Kollektionen für 2024/2025 dem deutschen und europäischen Bekleidungshandel präsentieren.

Auf der inzwischen 10. Ausgabe der in Berlin stattfindenden asiatischen Bekleidungsmesse erhalten Modeketten, Groß- und Einzelhandel den kompakten Zugriff auf das für die neuen Saisons entworfene Vollsortiment – von Damen- und Herrenmode inklusive Denim, Casual und Sportswear bis hin zu Kindermode und weiterer hochwertigen Textilien. Vervollständigt wird die Messeprogramm durch Schuh-Kollektionen, Dekoratives und Accessoires. Zu den Ausstellerländern zählen unter anderem China und Hongkong, Taiwan, Indien, Bangladesch, die Türkei sowie zahlreicher weitere.

Die letzte Asia Apparel Expo Berlin fand 2022 statt. Über 620 Einkäufer aus dem deutschen und europäischen Fachhandeln, darunter führende Modeketten, besuchten die B2B Fashion-Messe, um die Vielfalt ihres Sortiments um hochwertige Mode und andere Textilien gezielt zu erweitern.

Vom 19. bis 21. Februar 2024 findet die 10. Asia Apparel Expo in Berlin statt – über 250 ausgewählte Mode- und Textil-Hersteller aus den führenden asiatischen Herstellerländern werden dann ihre neuen Kollektionen für 2024/2025 dem deutschen und europäischen Bekleidungshandel präsentieren.

Auf der inzwischen 10. Ausgabe der in Berlin stattfindenden asiatischen Bekleidungsmesse erhalten Modeketten, Groß- und Einzelhandel den kompakten Zugriff auf das für die neuen Saisons entworfene Vollsortiment – von Damen- und Herrenmode inklusive Denim, Casual und Sportswear bis hin zu Kindermode und weiterer hochwertigen Textilien. Vervollständigt wird die Messeprogramm durch Schuh-Kollektionen, Dekoratives und Accessoires. Zu den Ausstellerländern zählen unter anderem China und Hongkong, Taiwan, Indien, Bangladesch, die Türkei sowie zahlreicher weitere.

Die letzte Asia Apparel Expo Berlin fand 2022 statt. Über 620 Einkäufer aus dem deutschen und europäischen Fachhandeln, darunter führende Modeketten, besuchten die B2B Fashion-Messe, um die Vielfalt ihres Sortiments um hochwertige Mode und andere Textilien gezielt zu erweitern.

Source:

COMASIA Limited

ITMF: Increase in raw materials consumption (c) ITMF
Global Installed Capacities and Raw Material Consumption in the Short-Staple Organized (Spinning Mill-) Sector of the Textile Industries (1992-2022)
08.01.2024

ITMF: Increase in raw materials consumption

ITMF (International Textile Manufacturer Federation) has published its International Textile Industry Statistics (ITIS) on productive capacity and raw materials consumption in the short-staple organized (spinning mill-) sector in virtually all textile-producing countries in the world.

The global number of installed short-staple spindles has grown from 225 million units in 2021 to 227 million units in 2022. The number of installed open-end rotors increased from 8.3 million in 2021 to 9.5 million in 2022. This constitutes the strongest growth ever recorded in this market with investment disproportionally targeting Asia. The number of installed air-jet spindles continued to increase in all regions in 2022.

ITMF (International Textile Manufacturer Federation) has published its International Textile Industry Statistics (ITIS) on productive capacity and raw materials consumption in the short-staple organized (spinning mill-) sector in virtually all textile-producing countries in the world.

The global number of installed short-staple spindles has grown from 225 million units in 2021 to 227 million units in 2022. The number of installed open-end rotors increased from 8.3 million in 2021 to 9.5 million in 2022. This constitutes the strongest growth ever recorded in this market with investment disproportionally targeting Asia. The number of installed air-jet spindles continued to increase in all regions in 2022.

The substitution between shuttle and shuttle-less looms continued in 2022. The number of installed shuttle-less looms increased from 1.72 million in 2021 to 1.85 in 2022 while installed shuttle looms reached 952 thousand. Total raw material consumption in the short-staple organized sector slightly decreased from 45,6 million tons in 2021 to 44,26 million tons in 2022. Consumption of raw cotton and synthetic short-staple fibers decreased by -2.5% and -0.7%, respectively. Consumption of cellulosic short-staple fibers increased by 2.5%.

Source:

ITMF - International Textile Manufacturer Federation

Bangladesh Apparel Exchange (BAE) and Fashion for Good promote Textile Circularity in Bangladesh Photo: Bangladesh Apparel Exchange
18.12.2023

Bangladesh Apparel Exchange and Fashion for Good promote Textile Circularity in Bangladesh

On December 7th and 8th, Bangladesh Apparel Exchange (BAE) in partnership with Fashion for Good, facilitated the “Chemical Recycling Technologies: Manufacturing Markets Gateway”, in Bangladesh. Fashion for Good, the Amsterdam based global platform for innovation, along with two disruptive technology start-ups focused on textile-to-textile chemical recycling, Circ and Infinited Fiber Company, were the key stakeholders in this initiative.

The two-day visit leveraged Bangladesh's status as a major garment production hub, exploring the potential of chemical recycling technologies to enhance environmental sustainability. Emphasizing the importance of circularity, the event aimed to spread awareness about current disruptive innovations that could transform the industry's approach to waste and resource management, setting an example for future sustainable practices. It focuses on integrating these technologies within the local manufacturing landscape, securing feedstock partnerships, and developing a value chain for recycled apparel materials.

On December 7th and 8th, Bangladesh Apparel Exchange (BAE) in partnership with Fashion for Good, facilitated the “Chemical Recycling Technologies: Manufacturing Markets Gateway”, in Bangladesh. Fashion for Good, the Amsterdam based global platform for innovation, along with two disruptive technology start-ups focused on textile-to-textile chemical recycling, Circ and Infinited Fiber Company, were the key stakeholders in this initiative.

The two-day visit leveraged Bangladesh's status as a major garment production hub, exploring the potential of chemical recycling technologies to enhance environmental sustainability. Emphasizing the importance of circularity, the event aimed to spread awareness about current disruptive innovations that could transform the industry's approach to waste and resource management, setting an example for future sustainable practices. It focuses on integrating these technologies within the local manufacturing landscape, securing feedstock partnerships, and developing a value chain for recycled apparel materials.

Denim Asia Limited, Knit Asia Limited, Progress Apparels Limited, Ananta BD, Reverse Resources, and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) played pivotal roles in this initiative. Knit Asia Ltd, notably acclaimed for their commitment to sustainable practices, along with Denim Asia, associated with the sustainable brand Noize Jeans, showcased their commitment to sustainable manufacturing processes.
Progress Apparels Limited, a ready-made garment producer and part of PDS Limited demonstrated its advanced sustainable production facilities. Reverse Resources and the BGMEA hosted an intimate “Meet and Greet Networking Session”, to boost awareness about the technologies in the industry.

Mr. Mostafiz Uddin, Founder and CEO of Bangladesh Apparel Exchange, emphasized the significance of this event for the wider Bangladeshi textile industry, " Bangladesh has the biggest manufacturing sector in South Asia and this tour marks a critical step towards a circular fashion ecosystem, also how can the fashion industry become more sustainable in Bangladesh. It's not just an event; it's part of a larger movement to incorporate innovative recycling, Sustainable Fashion technologies and establish global partnerships for a sustainable fashion industry."

Featuring interactive sessions, factory visits, and knowledge sharing, this initiative offered a platform for fostering collaborations between manufacturers and technology innovators.

Bangladesh Apparel Exchange and Fashion for Good are optimistic about a future where Bangladesh leads in sustainable and circular apparel manufacturing.

Source:

Bangladesh Apparel Exchange

11.12.2023

Syensqo officially demerged from Solvay and launched on Euronext

Syensqo announces the successful listing of its shares on Euronext Brussels and Euronext Paris under ticker SYENS. After the completion of the spin-off from Solvay, the listing marks a historical milestone as the company embarks on a journey focused on delivering superior growth and value creation.

Syensqo’s portfolio of market leading solutions addresses environmental and social challenges, through electrification, lightweighting, connectivity and resource efficiency. In addition, Syensqo is at the heart of the transition towards a net-zero economy, which is expected to drive new sources of value and support the company’s long-term growth.

With more than 13,000 employees and activities spread across the world (with 41% of FY2022 net sales in the Americas, 36% in Asia-Pacific and 23% Europe), Syensqo’s long-term ambition is to be the prime innovation partner for its customers, growing on average at around two times the rate of its main end markets, while further improving its best-in-class margin and returns.

Syensqo announces the successful listing of its shares on Euronext Brussels and Euronext Paris under ticker SYENS. After the completion of the spin-off from Solvay, the listing marks a historical milestone as the company embarks on a journey focused on delivering superior growth and value creation.

Syensqo’s portfolio of market leading solutions addresses environmental and social challenges, through electrification, lightweighting, connectivity and resource efficiency. In addition, Syensqo is at the heart of the transition towards a net-zero economy, which is expected to drive new sources of value and support the company’s long-term growth.

With more than 13,000 employees and activities spread across the world (with 41% of FY2022 net sales in the Americas, 36% in Asia-Pacific and 23% Europe), Syensqo’s long-term ambition is to be the prime innovation partner for its customers, growing on average at around two times the rate of its main end markets, while further improving its best-in-class margin and returns.

Upon listing, Syensqo has 105,876,417 ordinary shares in issue, each carrying one voting right. The Syensqo share price started its journey at a value of € 90 at market open (9.00 am CET), which corresponds to a market capitalization of € 9.53 billion.

More information:
Syensqo Solvay chemicals
Source:

Syensqo

08.12.2023

EURATEX welcomes approval of PanEuroMed rules of origin

EURATEX welcomes the unanimous vote in support of the new rules of origin under the PEM Convention, as a historic achievement. Facilitating trade and investments in the “PanEuroMed” region (covering 27 EU member states and 24 partner countries in the neighbourhood region)1 is top priority region for the EU, as trade with these countries accounted for €677 billion in 2023. For the EU textile and clothing sector, the region represents 35% of its exports and 21% of its imports.
 
In 2013 the European Commission adopted a package of proposals aimed at increasing trade between the European Union and neighbouring countries in the Pan-Euro-Mediterranean (PEM) region. The proposal introduced modernised rules of origin of the PEM convention, lifting the prohibition of duty-drawback and introducing the principle of “full cumulation”.

EURATEX welcomes the unanimous vote in support of the new rules of origin under the PEM Convention, as a historic achievement. Facilitating trade and investments in the “PanEuroMed” region (covering 27 EU member states and 24 partner countries in the neighbourhood region)1 is top priority region for the EU, as trade with these countries accounted for €677 billion in 2023. For the EU textile and clothing sector, the region represents 35% of its exports and 21% of its imports.
 
In 2013 the European Commission adopted a package of proposals aimed at increasing trade between the European Union and neighbouring countries in the Pan-Euro-Mediterranean (PEM) region. The proposal introduced modernised rules of origin of the PEM convention, lifting the prohibition of duty-drawback and introducing the principle of “full cumulation”.

Today, after ten years of intense negotiations which EURATEX supported, the European Commission reached a full and final agreement with all PEM partners. This is a landmark achievement that will unlock the full potential of the Euro-Mediterranean area as the biggest and most integrated region of advanced manufacturing and trading of sustainable textiles and clothing. The rules adopted today will accelerate the integration of T&C supply chains and boost T&C production and trade within the region, both in the East and Southern borders of the EU. In a moment when companies are looking at moving their production from Asia to nearby, like-minded and more reliable countries , it is very timely to have the PEM Convention implemented.

EURATEX’s President, Mr Alberto Paccanelli, commented: “This is a strategic trade deal that can help European companies recover from the multiple crisis which we face since 2020”. He continued “We call on the European Union to not stop here, but keep up the efforts to secure trade deals that are good for European companies and their competitive position in the world. The next objective should be the adoption of the EU-Mercosur Agreement and a conclusive settlement of all trade disputes with the United States”.    
 
According to Director General Dirk Vantyghem, “today’s unanimous vote in favour of the modernised PEM rules is good news for our industry.. We should now engage with these partner countries to fully exploit the potential of these new rules. EURATEX is ready to engage in an industrial dialogue with the companies from the PEM Countries to facilitate their transition to the new framework”.

1 The PanEuroMed contracting parties are: the EU, the EFTA States (Switzerland, Norway, Iceland and Liechtenstein), the Faroe Islands, the participants in the Barcelona Process (Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, the territories of West Bank and Gaza, Syria, Tunisia and Turkey), the participants in the EU's Stabilisation and Association Process (Albania, Bosnia and Herzegovina, the Republic of North Macedonia, Montenegro, Serbia, Kosovo), the Republic of Moldova, Ukraine.

Source:

EURATEX 

15.11.2023

Indorama Ventures: 3Q23 Performance report

  • Revenue of US$3.9B, a decline of 1% QoQ and 20% YoY
  • EBITDA of US$324M, an increase of 1% QoQ and a decrease of 37% YoY
  • Operating cash flows of US$410M
  • Net Operating Debt to Equity of 0.97x
  • EPS of THB 0.00

Indorama Ventures Public Company Limited (IVL) reported stable third-quarter earnings as the company’s management focuses on conserving cash and improving competitiveness to bolster performance in a continued period of weakness in the global chemical industry.

Indorama Ventures achieved EBITDA of $324 million in 3Q23, an increase of 1% QoQ and a decline of 37% YoY, impacted by a weak economic environment, geopolitical tensions, and continued post-pandemic disruptions in global markets. Sales volumes dropped 5% from a year ago to 3.6 million tons as China recovers from the pandemic more slowly than expected and an extended period of destocking in the manufacturing and chemical sectors continues to normalize from unprecedented levels last year.

  • Revenue of US$3.9B, a decline of 1% QoQ and 20% YoY
  • EBITDA of US$324M, an increase of 1% QoQ and a decrease of 37% YoY
  • Operating cash flows of US$410M
  • Net Operating Debt to Equity of 0.97x
  • EPS of THB 0.00

Indorama Ventures Public Company Limited (IVL) reported stable third-quarter earnings as the company’s management focuses on conserving cash and improving competitiveness to bolster performance in a continued period of weakness in the global chemical industry.

Indorama Ventures achieved EBITDA of $324 million in 3Q23, an increase of 1% QoQ and a decline of 37% YoY, impacted by a weak economic environment, geopolitical tensions, and continued post-pandemic disruptions in global markets. Sales volumes dropped 5% from a year ago to 3.6 million tons as China recovers from the pandemic more slowly than expected and an extended period of destocking in the manufacturing and chemical sectors continues to normalize from unprecedented levels last year.

Management continues to focus on conserving cash, realizing efficiency improvements, and optimizing the company’s operational footprint to boost profitability. These efforts resulted in positive operating cash flow of US$410 million in the quarter, positive free cash flow of $79 million year to date, and room for further reductions in working capital going forward. The company’s AA- rating was maintained by TRIS in the quarter, with a stable outlook. 

The company expects the operating environment to improve in 2024 as customer destocking continues to ease across all three of Indorama Ventures’ segments. The ramp up of PET and fibers expansion projects operations in India and the U.S. will also contribute to increased volumes.  

Combined PET posted EBITDA of $146 million, a 25% decline QoQ, amid historically low benchmark PET margins, increased feedstock prices in Western markets, and lingering effects of destocking. Integrated Oxides and Derivatives (IOD) segment posted a 27% rise in EBITDA to $119 million QoQ, supported by strong MTBE margins in the Integrated Intermediates business. The Integrated Downstream portfolio’s profitability was impacted by destocking, inflationary pressures, and margin pressure from imports. Fibers segment achieved a 140% increase in EBITDA to $48 million QoQ as Lifestyle volumes grew in key markets in Asia, and the Mobility and Hygiene verticals benefited from management’s focus on optimizing operations and refocusing the organization. 
 

Source:

Indorama Ventures Public Company Limited

03.11.2023

Solvay announces Board of Directors for standalone SYENSQO

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.

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.

More information:
Solvay Board of Directors
Source:

Solvay

Istanbul Fashion Connection 2023 again successful Photo: IFCO
08.09.2023

Istanbul Fashion Connection 2023 again successful

With over 400 exhibitors, the fourth Istanbul Fashion Connection event from August 9-11, 2023, at the Istanbul Expo Center on 35,000 sqm was again successful.

With over 20,000 visitors from more than 125 countries, IFCO recorded an increase in visitors of over 30% compared to August last year. International visitors more than doubled, with the largest visitor groups coming from Asia and the Middle East at 33% each, Europe at 17%, Africa 11% and the Americas at 6%.

All retail channels were represented at the show, from large shopping mall and department store groups to wholesalers, international retail chains, multi-brand boutiques and online platforms.

Exhibitors
In six clearly segmented halls, more than 400 brands presented themselves on 35,000 sqm from womenswear, menswear, kidswear sportswear, denim, leather and fur.

With over 400 exhibitors, the fourth Istanbul Fashion Connection event from August 9-11, 2023, at the Istanbul Expo Center on 35,000 sqm was again successful.

With over 20,000 visitors from more than 125 countries, IFCO recorded an increase in visitors of over 30% compared to August last year. International visitors more than doubled, with the largest visitor groups coming from Asia and the Middle East at 33% each, Europe at 17%, Africa 11% and the Americas at 6%.

All retail channels were represented at the show, from large shopping mall and department store groups to wholesalers, international retail chains, multi-brand boutiques and online platforms.

Exhibitors
In six clearly segmented halls, more than 400 brands presented themselves on 35,000 sqm from womenswear, menswear, kidswear sportswear, denim, leather and fur.

The Core Istanbul
For the second time, the exclusive design area The Core Istanbul, originally launched as part of Istanbul Fashion Week, presented itself at IFCO. Among others, Arzu Kaprol, Ceren Ocak, Çiğdem Akın, Essin Barış, Ezgi Karayel, Fulyaİlkmen - F.ILKK, Mehmet Emiroğlu, Meltem Özbek, Mert Erkan, Merve Ulu - Kuela, Murat Aytulum, Nejla Güvenç - Nej, Özlem Erkan, Selin Küçüksöz, Tuba Ergin joined the show. Menswear was also represented with Emre Erdemoğlu, Seydullah Yılmaz - SYHZ Wear and Yakup Biçer - Y Plus.

The Exclusive Area
Leading Turkish retail brands, already internationally active, showed in The Exclusive Area such as B&G Store, Climber BC, Damat, Giovane Gentile, Hatemoğlu, Ipekyol, Kayra, Kiğılı, Lee Cooper, Lufian, Jakamen, Naramaxx and convinced with their high quality, sustainable and fashionable products, which were in great demand among international buyers. Jakamen opened the IFCO Shows on the first day of the fair with its latest spring / summer collection for 2024.

FashionIst
With its own catwalk, the occasion fashion section FashionIst for women and men featured thirty leading brands and showed a cross-section of the latest designs in evening fashion with their innovative colors and dynamic styles. Daily fashion shows informed visitors about the latest trends.

B2B Match Making
The B2B Match Making at IFCO took place in speed dating mode and was well received. Exhibitors were efficiently networked with buyers from all over the world such as Inditex from Spain, Walmart, Quicksilver, Teddy Fresh or Wilbo from the USA, Sainsbury's from the UK, Cihuah from Mexico, the Apparel Group and Safari Group from the United Arab Emirates, Ria Miranda from Indonesia, Hi Style and Zalora from Malaysia, Musinsa from South Korea, Ackermans from South Africa etc.

IFCO February 2024
For the next date of IFCO (7.-10. February, 2024), the organizers expect more than 600 companies. The participation of international fashion companies is to be expanded, for which IFCO provides the ideal springboard into the European and Asian markets.

Source:

IFCO / JANDALI MODE.MEDIEN.MESSEN

Freudenberg: 3D entangled mat production in China (c) Freudenberg Performance Materials Holding GmbH
24.07.2023

Freudenberg: 3D entangled mat production in China

Freudenberg Performance Materials (Freudenberg), a global supplier of high-performance technical textiles has begun operating a new 3D entangled mat production line in Changzhou (China). It enables Freudenberg to supply customers in the APAC region with Enka®Solutions made in China for building, industrial and civil engineering applications. Freudenberg now is also able to serve customers in diverse technical markets with finished and semi-finished products.

This investment in China will significantly increase Enka®Solutions production capacity and will play a fundamental role in the development of Enka business with customers in the APAC region. Freudenberg inaugurated the new line in Changzhou at an opening ceremony on July 13th.

Freudenberg Performance Materials (Freudenberg), a global supplier of high-performance technical textiles has begun operating a new 3D entangled mat production line in Changzhou (China). It enables Freudenberg to supply customers in the APAC region with Enka®Solutions made in China for building, industrial and civil engineering applications. Freudenberg now is also able to serve customers in diverse technical markets with finished and semi-finished products.

This investment in China will significantly increase Enka®Solutions production capacity and will play a fundamental role in the development of Enka business with customers in the APAC region. Freudenberg inaugurated the new line in Changzhou at an opening ceremony on July 13th.

The new production line in Changzhou complements the manufacturing operations in Obernburg (Germany) and Asheville (North Carolina, USA). With a global manufacturing presence on the three different continents Europe, Asia and America, Freudenberg can now serve markets locally and deliver Enka®Solutions products faster and efficiently. This will not only help to better meet customer needs, but also reducing the company's environmental footprint by increasing local production.

Source:

Freudenberg Performance Materials Holding GmbH

(c) CHIC / JANDALI MODE.MEDIEN.MESSEN
19.07.2023

Premiere for the CHIC Pavillon "Fashion China" at Who's Next

From 2 to 4 September 2023, twenty Chinese fashion brands will present themselves for the first time on an international platform under the umbrella of CHIC, China International Fashion Fair. On 900 sqm CHIC presents the FASHION CHINA pavilion at Who's Next with a selection of Chinese womenswear, menswear, sportswear, and hats.

Womenswear is represented by Ellassay, Laurèl (founded in Munich, Germany), JNBY, LUO ZHENG, RAXXY (women and men), KEYONE (hats for women, men, kids, no gender), Thread & Story, MAY D.WANG Cashmere & Silk, Yvonne CHOI, SE JIE, VAN SUNSUN, SELAH, EXTENDED, ARYA CASH, JORE BAUDRY, CANMADE and HEMPEL International.
Menswear is represented by KB Hong by K-BOXING and JOEONE. Exclusive sportswear will be shown by FENGGY.

FASHION CHINA is planned as a prelude to the presentation on further international platforms and is to complete CHIC's offer as a service point for Chinese fashion brands in the future.

From 2 to 4 September 2023, twenty Chinese fashion brands will present themselves for the first time on an international platform under the umbrella of CHIC, China International Fashion Fair. On 900 sqm CHIC presents the FASHION CHINA pavilion at Who's Next with a selection of Chinese womenswear, menswear, sportswear, and hats.

Womenswear is represented by Ellassay, Laurèl (founded in Munich, Germany), JNBY, LUO ZHENG, RAXXY (women and men), KEYONE (hats for women, men, kids, no gender), Thread & Story, MAY D.WANG Cashmere & Silk, Yvonne CHOI, SE JIE, VAN SUNSUN, SELAH, EXTENDED, ARYA CASH, JORE BAUDRY, CANMADE and HEMPEL International.
Menswear is represented by KB Hong by K-BOXING and JOEONE. Exclusive sportswear will be shown by FENGGY.

FASHION CHINA is planned as a prelude to the presentation on further international platforms and is to complete CHIC's offer as a service point for Chinese fashion brands in the future.

Around 500 exhibitors with international participation from Europe and Asia are expected at the next CHIC in Shanghai from 28 to 30 August. CHIC - China International Fashion Fair is organised by China National Garment Association in cooperation with China World Trade Center Co. Ltd.

More information:
CHIC Fair Fashion China Who's Next
Source:

CHIC / JANDALI MODE.MEDIEN.MESSEN

ADVANSA and Asia Pacific Fibers (APF) launch fibre made from recycled ocean-bound plastic bottles (c) ADVANSA
05.07.2023

ADVANSA and Asia Pacific Fibers (APF) launch fibre made from recycled ocean-bound plastic bottles

ADVANSA and Asia Pacific Fibers (APF) join forces to launch REMOTION®, a premium fibre for sports and activewear, made from recycled ocean-bound plastic bottles with full end-to-end traceability from Prevented Ocean Plastic™. REMOTION® offers a solution for textiles that merges ocean protection with built-in biodegradability. The fibres break-down in marine environments to prevent microplastic pollution of the oceans, a problem which can be the consequence of fibre-shedding from apparel laundry waste-water.

Remotion® offers a solution with various sustainable features such as biodegradability and recyclability, with customized performance features such as anti-bacterial properties and moisture management built-in to the fibre. Moreover, the fibre is also offered in customer curated colours that guarantee very good colour fastness. Thus, this “all-in-one” fibre contributes to a sustainable and healthy environment with savings in water, energy, chemicals, and CO2. The fibre is available in a range of filament and staple options with two variants: REMOTION® Blue made from ocean-bound plastic bottles, REMOTION® Green made from domestic recycled plastic bottles.

ADVANSA and Asia Pacific Fibers (APF) join forces to launch REMOTION®, a premium fibre for sports and activewear, made from recycled ocean-bound plastic bottles with full end-to-end traceability from Prevented Ocean Plastic™. REMOTION® offers a solution for textiles that merges ocean protection with built-in biodegradability. The fibres break-down in marine environments to prevent microplastic pollution of the oceans, a problem which can be the consequence of fibre-shedding from apparel laundry waste-water.

Remotion® offers a solution with various sustainable features such as biodegradability and recyclability, with customized performance features such as anti-bacterial properties and moisture management built-in to the fibre. Moreover, the fibre is also offered in customer curated colours that guarantee very good colour fastness. Thus, this “all-in-one” fibre contributes to a sustainable and healthy environment with savings in water, energy, chemicals, and CO2. The fibre is available in a range of filament and staple options with two variants: REMOTION® Blue made from ocean-bound plastic bottles, REMOTION® Green made from domestic recycled plastic bottles.

REMOTION® Blue is a specially engineered polyester fibre made from ocean-bound plastic as a premium raw material with a social aspect. ADVANSA and APF are cooperating with Prevented Ocean Plastic™, a global recycling initiative that helps tens of thousands of people around the world to clean their coastlines, prevent ocean plastic pollution and earn additional income. Discarded plastic bottles are picked up by plastic collectors from coastal areas at risk of ocean plastic pollution and are taken to collection centres. The plastic bottles are then sorted out, cleaned and processed into raw material flakes which are used as a premium ingredient for REMOTION® Blue range of products.

ADVANSA and Asia Pacific Fibers are launching REMOTION® at the Performance Days in Munich from 3-5 October 2023.

Source:

ADVANSA

30.06.2023

RadiciGroup closes 2022 with positive results

With total sales of EUR 1,543 million, generated by over 30 production and sales units in Europe, Asia, and America, Radici Group closed its 2022 financial year with slight growth over 2021. EBITDA reached EUR 157 million in 2022, and net income for the year was EUR 80 million.

With total sales of EUR 1,543 million, generated by over 30 production and sales units in Europe, Asia, and America, Radici Group closed its 2022 financial year with slight growth over 2021. EBITDA reached EUR 157 million in 2022, and net income for the year was EUR 80 million.

“We are moderately pleased with the 2022 figures,” Angelo Radici, president of RadiciGroup, commented. “Despite an unpredictable and challenging year, we were able to achieve positive results. Although the rise in energy costs began to be felt in January, we managed to maintain our position in the first three months of the year due to a significant increase in demand. From the second quarter onwards, the European market experienced a significant slowdown due to the outbreak of war in Ukraine, which exacerbated the already soaring costs of energy and raw materials. The situation was completely out of hand and made worse by the fact that some raw materials were not available. This created significant challenges for us, especially in the chemical sector. We even had to stop operations at our Novara plant in the latter part of the year. Products similar to ours in the nylon supply chain from China and the US were being sold at a price lower than our variable cost.”

The president continues: “At Group level, our internationalisation strategy helped us mitigate geopolitical risks in various countries. As a result, we were able to offset the challenges in the European chemicals and textile markets by leveraging our global presence in High Performance Polymers, where our numbers have held strong. As we began 2023, we regained our footing. However, the global economic and industrial scenario for the rest of the year remains highly uncertain, and forecasts are notably cautious.”

Even in these difficult times, the Group has continued to invest. In 2022, the High Performance Polymers Business Area completed the acquisition in India of the engineering plastics branch of Ester Industries Ltd, a listed company. Additionally, it began installing two new production lines in Mexico and Brazil, and confirmed plans to install a new extrusion line at the Villa d’Ogna production site in the province of Bergamo. These choices align with the Group’s goal of enhancing its worldwide presence and boosting competitiveness in high-potential growth markets. In a year where energy and raw material costs were certainly problematic, operating in geographically diverse markets and with varied applications proved to be an important tool in addressing the challenges. In this vein, a new production site spanning over 36,000 square metres has recently been inaugurated in China. The move is aimed at doubling the production capacity in line with the market’s growth expectations.

Extending the time horizon to 2018-2022, the Group has invested over EUR 277 million to enhance the competitiveness of its companies, implement Best Available Techniques, improve energy efficiency, reduce emissions, and conduct research and development activities aimed at introducing sustainable processes and solutions. These efforts include the research and development activities of Radici InNova, which are heavily focused on the circular economy.

More information:
RadiciGroup financial year 2022
Source:

RadiciGroup

30.06.2023

17th World Pultrusion Conference - CALL FOR PAPERS

The EPTA – European Pultrusion Technology Association organizes in cooperation with the ACMA – American Composites Manufacturers Association - the 17th World Pultrusion Conference on 29th February – 1st March 2024 in Hamburg, Germany. The conference is one of the leading pultrusion events in the world. The event takes place just before the JEC World 2024 in Paris (5th – 7th March 2024).

The presentations are to document innovations in the following subject areas of
pultruded reinforced plastics:

  • Market development in Europe, USA, Asia
  • Innovative applications
  • New Markets: Ideas for potential new applications with pultruded shapes or
  • systems
  • Sustainability: Technical possibilities, recycling, etc.
  • Raw materials
    ○ Development of fibres
    ○ Development of resins
  • Construction / Testing / Calculation
  • Processes

The presentation language will be English. Deadline for paper submission (title, short abstract, speaker name and address) until 15th September 2023 to info@pultruders.com.

The EPTA – European Pultrusion Technology Association organizes in cooperation with the ACMA – American Composites Manufacturers Association - the 17th World Pultrusion Conference on 29th February – 1st March 2024 in Hamburg, Germany. The conference is one of the leading pultrusion events in the world. The event takes place just before the JEC World 2024 in Paris (5th – 7th March 2024).

The presentations are to document innovations in the following subject areas of
pultruded reinforced plastics:

  • Market development in Europe, USA, Asia
  • Innovative applications
  • New Markets: Ideas for potential new applications with pultruded shapes or
  • systems
  • Sustainability: Technical possibilities, recycling, etc.
  • Raw materials
    ○ Development of fibres
    ○ Development of resins
  • Construction / Testing / Calculation
  • Processes

The presentation language will be English. Deadline for paper submission (title, short abstract, speaker name and address) until 15th September 2023 to info@pultruders.com.

28.06.2023

Perlon GmbH acquires Shaun Filaments in Goa, India

Perlon® - The Filament Company - headquartered in Munderkingen, Germany, which specializes in the manufacture of synthetic filaments for the Paper- Technical Textile - Brush- Personal- and Dental industry, buys Shaun Filaments in Goa, India.

Shaun Filaments is a leading Indian producer of different types of filaments mainly for the Asian market. Perlon® herewith expands its Asian presence and market leadership in the following business segments: Paper Machine Clothing, Advanced Technical Textiles, Technical Brush Filaments and Personal Care.

“With the acquisition of Shaun Filaments, we are expanding our presence in the Asian market and creating a company that is geared towards the global filament industry of the future and we are expanding our market leadership in all segments. Shaun Filaments is a perfect fit for the Perlon® Group with its long-term experience, strong reputation and knowledge in the production of filaments for the Asian market.” states Florian Kisling, CEO of Perlon®.

The Perlon® Group will take over Shaun Filaments with all employees and production lines located in the Shaun Filaments factory in Goa, India.

Perlon® - The Filament Company - headquartered in Munderkingen, Germany, which specializes in the manufacture of synthetic filaments for the Paper- Technical Textile - Brush- Personal- and Dental industry, buys Shaun Filaments in Goa, India.

Shaun Filaments is a leading Indian producer of different types of filaments mainly for the Asian market. Perlon® herewith expands its Asian presence and market leadership in the following business segments: Paper Machine Clothing, Advanced Technical Textiles, Technical Brush Filaments and Personal Care.

“With the acquisition of Shaun Filaments, we are expanding our presence in the Asian market and creating a company that is geared towards the global filament industry of the future and we are expanding our market leadership in all segments. Shaun Filaments is a perfect fit for the Perlon® Group with its long-term experience, strong reputation and knowledge in the production of filaments for the Asian market.” states Florian Kisling, CEO of Perlon®.

The Perlon® Group will take over Shaun Filaments with all employees and production lines located in the Shaun Filaments factory in Goa, India.

Source:

Perlon GmbH