From the Sector

Industry people at the 18th Bangladesh Denim Expo thinks that the country will continue to be an indispensable global sourcing destination even during the times of tariff and trade wars. Capacity building and innovation will be the building stone for the industry to sail through the uncertain times.

The 2-day expo kicks off today where 57 exhibitors from 13 countries are participating includes Bangladesh, India, Pakistan, China, Turkey, Spain, Italy, Vietnam. UAE, Germany, Switzerland & USA.

“Bangladesh has emerged as the fastest-growing apparel exporter to the United States in the first quarter of 2025, posting the highest year-on-year growth of 26.64%. This performance placed Bangladesh ahead of other major exporters such as India with a 24.04% rise, while Pakistan, Vietnam, and China with the rise of 17.49%, 13.96%, and 4.18% respectively at a time when US market is volatile because of imposing worldwide reciprocal tariff by the Trump’s Administration recently. I think even on the negotiation table of the trade issues our card should be the industry’s steady progress towards skill development, sustainability and innovation. As we need our trade partners as much as their consumers need us’’ said Mostafiz Uddin, Founder & CEO of Bangladesh Denim Expo.

Bangladesh is the largest denim exporter both to the USA and Europe. The country is enjoying duty-free market access to the EU under the Everything But Arms (EBA) and Generalized Scheme of Preferences (GSP) as an least developed country (LDC); but the status to be changed to a developing nation next year.

If Bangladesh could not attain GSP Plus, the country from 2029 could not export duty free to the EU, the region accounts for 50.15% of Bangladesh’s total apparel export.

“In the last edition of Bangladesh Denim Expo, we had experts panel sessions on the LDC graduation where all the speakers unanimously stressed on the capacity building of the industry to cope up with the changing tariff regimes.  So, in this edition of the expo, all the panel sessions we designed are solely meant for capacity building of both the professionals and the industry. You may also say that from this edition we shifted from plans to actions to prepare Bangladesh’s denim industry for 2029 and beyond,’’ added Mostafiz Uddin.

There are two panel sessions scheduled for the two-day event on the topics “The growth of the Bangladesh denim industry, through the perspective of denim washing” and “Stretch-ability of Bangladesh denim traceability”.

Abdus Samad, Director, Well of Washing, Arief Labu, Co-founder & Creative Director, Ruhrose RBT Ltd. Julie Davies, GM - Processing Innovation, and Education Extension, The Woolmark Company, Kamal Uddin Mia, Chief Operation Officer (Washing), Bitopi Group, Marco Volpi, Head of Sales for the Europe and Africa region, Bluesign Technologies AG, Md. Forhad Hossain, Owner, Pure Chemicals, Raquib Imtiaz, Business manager, LC WAIKIKI, Reza e Rabbi, Head of Operation, Vertex Wear Limited,  Shohel Rana, CEO, Designer Fashion LTD and Designer Wash LTD, are sharing their expert insights in the panel sessions.

There will be also one special presentation on ‘The denim business beside sewing and wash production’ by Mohammad Jahangir Alam, Head of Operation, Square Denims Ltd, Garment Unit.  

At the expo also a fashion trend-zone is set up to showcase cutting-edge denim innovations and unique fabrics from Bangladesh.

The 93rd Textile Institute World Conference (TIWC 2025) will take place at the Porto Palácio Hotel and Spa in Porto, Portugal, from October 7-10 2025.

Fibre to Future – Transforming Fashion and Textiles through Sustainability, is the theme of this event which will explore how sustainability and digitalisation are reshaping the industry – from fibre production and manufacturing to consumer use and end-of-life solutions.

The fast-emerging new approaches to addressing sustainability challenges and the digital technologies that are now enhancing efficiency and transparency will be explored over the four-day programme, with insights from leading academics, industry experts and policymakers. Actionable strategies for reducing environmental impact, minimising waste, and embracing zero-carbon solutions in line with global sustainability goals will be highlighted.

“A key aim of the TWIC is to foster collaboration between industry and academia, creating a shared vision for a sustainable and digital future in textiles,” says Textile Institute CEO Stephanie Dick. “This year’s conference is hosted by AQUITEX, an established Portuguese specialist in the development of chemicals and auxiliaries for the textile industry – the first time a company has hosted the event. Join us in shaping the next chapter of the textile industry and be a part of the global conversation on sustainability and innovation.”

ReHubs, the European textile recycling alliance, is announcing today a change in its daily leadership: Robert van de Kerkhof is taking over as interim CEO from Chris Deloof, who returns to Ghent University after 2 years of successful engagement with the organisation.
 
ReHubs chairman, Alain Poincheval thanked Chris for bringing the organisation up to speed, which now includes over 30 member companies, including European brands, textile manufacturers, collectors and recyclers. Robert brings 30 years of experience from the textile industry, and has shown commitment to build a circular textile value chain in Europe through his earlier assignments. His engagement secures the continuity of ReHubs to scale up textile recycling capacity in Europe.

On March 31, 2025, DEMGY Group took a decisive step in its international development strategy by acquiring the American company TOOL GAUGE, which specializes in the manufacture of plastic components for the interior of aircraft cabins. This acquisition will enable DEMGY to consolidate their position as one of the world leaders in high value-added plastics processing for civil and military aeronautics.

With this operation, DEMGY is extending its footprint on the North American market, a strategic territory for the aerospace sector. The American company, now renamed DEMGY Pacific, is thus joining a group already present in France, Germany, Romania and the United States, bringing the total number of the group's industrial sites to 10.

Recognized expertise for the benefit of American aerospace
Based in Tacoma, Washington State, TOOL GAUGE has nearly 60 years of experience in the processing of high-performance polymers and the machining of precision parts. Recognized for its operational excellence, it has been awarded the Silver Performance Excellence Award by Boeing for 9 consecutive years.

The company has two complementary production units: one dedicated to plastic injection, particularly for interior fittings in aircraft cabins, and the other specializing in the machining of metal and plastic parts. This technical expertise considerably strengthens DEMGY's offering to major clients in the aerospace sector.

Airbus, Boeing: DEMGY stands out as a key partner
This strategic acquisition enables DEMGY to become a tier 1 supplier for Boeing and Airbus, as well as a tier 2 supplier for all their equipment manufacturers in Europe and North America. This positioning considerably strengthens the group's visibility and attractiveness on the global aerospace market.

"By strengthening its leadership in high value-added plastics processing for the aerospace and defense industries, the DEMGY Group has become one of the world's leading, if not the leading, supplier of plastic parts for cabin interiors directly to Airbus and Boeing, as well as to all American and European aircraft equipment manufacturers," says Pierre-Jean LEDUC, Chairman and CEO of DEMGY Group. "This enables us to deploy our high and extreme performance plastics solutions on a much larger scale".

Integration driven by DEMGY Group's cross-functional synergies
DEMGY Pacific will be managed by Mike Walter, also President of DEMGY Chicago, and Eric Wilmoth, Vice-President of Operations. Both will be tasked with implementing industrial and commercial synergies with all the entities of the group, particularly in terms of injection, assembly and decoration.

This integration will promote the development of global solutions to meet the growing demands of the aerospace industry in terms of lightness, performance and durability.

Target of 200 million euros: managed growth
With its 10 industrial sites and 950 employees, DEMGY forecasts sales of over 130 million euros by 2025. Our group's ambition is to reach 200 million euros by 2030, capitalizing on its unique know-how, capacity for innovation and proximity to major customers.

Materials lightening at the heart of decarbonization
For several years, DEMGY has been committed to reducing the carbon footprint of industries, by designing polymer materials that are lighter than metal, durable and recyclable.Thanks to our circular Multiplasturgy® offer, we integrate eco-design from the product development phase.

Back in February, Source Fashion hosted three full days of back-to-back exclusive seminars for fashion brands and retailers. And now, every single one of them is available to watch for free on their website.

Like:

• The urgency of transparency
  Transparency is no longer optional—it's the key to sustainability, trust, and accountability in fashion, and this session dives into how brands can lead the charge for meaningful change.
  
  Graeme Moran, Associate Editor – Drapers
  Andrew Xeni, Founder & CEO / Founder & Chairman - Nobody's Child
• Competing priorities, how can sustainability win against profitability and risk?
  This panel explores how to make sustainability work whilst facing the challenges of balancing innovation, risk, and uncertainty.
  
  Anna Berry, Co-Founder and Director - Retail 100 Consulting
  Simon Platts, Founder - SP&KO Consultancy
  Hayley Shore, Senior Design Manager - Pepsi Co
  Ella Andrew, Knowledge Exchange Manager & Policy Lead - Centre for Sustainable Fashion
  Cedrik Hoffmann, CEO - Ameba

adidas announced preliminary results for the first quarter of 2025. The company’s revenues grew nearly € 700 million and reached € 6,153 million in Q1 (2024: € 5,458 million).

In currency-neutral terms, sales increased 13%. Excluding Yeezy sales in the prior year, currency-neutral revenues for the adidas brand increased 17% during the quarter, driven by double-digit growth across all markets and channels.

The company’s gross margin improved 0.9 percentage points to 52.1% (2024: 51.2%). The year-over-year increase of the gross margin for the adidas brand was even stronger at 1.6 percentage points. Operating profit improved strongly to € 610 million in Q1 (2024: € 336 million), reflecting an operating margin of 9.9% (2024: 6.2%).

Having completed the sale of the remaining Yeezy inventory at the end of last year, the company’s results for the first quarter of 2025 do not include any Yeezy contribution.

adidas CEO Bjørn Gulden:
“I am very proud of what our team achieved in Q1. Double-digit growth across all markets and channels in today’s volatile environment shows the strength of our brand and underlines the great job our people are doing. The operating profit of € 610 million and the 9.9% operating margin prove the great potential of our company. A great quarter!”

adidas will publish its final set of financial results for the first quarter on April 29, 2025.

Fibre and fabric production technologies – especially in the area of composite reinforcements – have played an as-yet largely unheralded role in the development of the UK’s Formula One industry, but the British Textile Machinery Association (BTMA) aims to change that.

Motorsport Valley
“If there’s one thing the UK does well, it’s Formula One, with seven of the ten F1 teams located within just an hour of each other in the midlands region known as Motorsport Valley,” explains BTMA CEO Jason Kent. “They are all linked to a national network of around 4,500 companies involved in a motorsport and high-performance engineering industry worth around £9 billion annually and employing 40,000 people. This network draws on the services of a significant number of our member companies.”

“With the exception of the engine, virtually every part of a Formula One racing car now starts from a textile, including the bodywork, the tyres and many of the latest fuel systems,” says Richard Kirkbright, project manager at Leeds-based Roaches International. “This has influenced developments in the broader automotive sector, in addition to the aerospace industry.”

Show cars and memorabilia
While best known as the developer of textile testing systems, Roaches has over the years also supplied advanced autoclaves to the UK’s composites industry, including a recent delivery to Northampton-based Memento Exclusives, a specialist in the production of show cars working directly with F1 and its leading teams.

Each major F1 team sponsor is supplied with one or two show cars for use at exhibitions and a wide range of other promotional activities arranged around the racing event calendar. These cars have no engine and their bodies may be made of fewer carbon fibre plies, but they are otherwise identical to the latest cars being raced by the F1 teams.

Memento Exclusives has its own in-house carbon fibre parts manufacturing facility and the integration of the Roaches autoclave has significantly expanded its capabilities in show car production.

Master bakers
“Composite materials undergo a metamorphosis in the autoclave which subjects them to both mechanical and chemical processes,” explains Richard Kirkbright. “Trapped air and volatiles are expelled and plies are consolidated under precise pressure. Heat cycles are then introduced, curing the resin systems and yielding flawlessly crafted components. Autoclave specialists are a little like master bakers, knowing exactly how to treat their ingredients at every stage of the process, to achieve the desired final product.”

“The Roaches autoclave now enables us to cure large components with full control and achieve a swift turnover of parts while ensuring the highest quality finish,” adds Terry Wasyliw, Head of Build for Memento Exclusives.

McLaren’s influence
Woking, UK-headquartered McLaren was the very first F1 team to introduce a car chassis manufactured entirely from carbon fibre composites back in 1981, setting the ball rolling for the creation of a completely new and global supply chain.

McLaren has this year unveiled a world-first in supercar engineering – aerospace-derived Automated Rapid Tape (ART) carbon fibre, developed at the dedicated McLaren Composites Technology Centre (MCTC) facility in Sheffield. This is being employed to create the active front wings of the W1 hypercar which has a starting price of $2.1 million.

A rear floor component was also developed for McLaren as part of the recently-completed £39.6 million ASCEND programme involving a range of UK partners, including BTMA member Cygnet Texkimp.

Handling, converting and decarbonisation
A wide range of handling and converting machines are supplied to the composites industry by Cygnet Texkimp, including bespoke creels, prepreg, coating, slitting and filament winding machines.

Its technologies are employed in the construction of composite components for aerospace and automotive, as well as in the production of tyre cord and more recently in the advanced construction of hydrogen storage vessels which are largely viewed as the future of F1 propulsion, along with advanced batteries for electric vehicles.

Cygnet Texkimp has been involved in the F1 supply chain for over 20 years and most carbon fibre used in the industry has been processed on one of its VHD creels. The company is also the largest independent manufacturer of prepreg machines in the world and is currently leading the design and build of the UK’s first carbon fibre research lines for a project led by NCC (National Composites Centre) to accelerate the development of more sustainable carbon fibres.

In addition, Cygnet is licensed to design and build the DEECOM® composite recycling system developed by new BTMA member Longworth Sustainable Recycling Technologies, the first of which was recently commissioned by the Henry Royce Institute in Manchester. DEECOM® is a zero emission, low carbon pressolysis solution using pressure and steam to reclaim pristine condition fibres and resin polymers frocm production waste and end of life composites.

“Decarbonisation is a major priority for manufacturers globally,” says Cygnet CEO Luke Vardy. “At Cygnet Texkimp, we’re developing the capability to process technical fibres in ways that enable lightweighting, hydrogen power and electrification, reduce waste and revolutionise the end-of-life management of composite materials and parts. In collaboration with our industry partners, we’re bringing to market some of the most innovative new fibre processing technologies ever developed to deliver real-world benefits that support the sustainability agenda.”

Prepregging
Another new BTMA member, Emerson & Renwick (E+R), a specialist in print, forming, vacuum and coating technologies, also supplies technology for the production of carbon fibre prepregs, which are integrated rolls of fabrics and resins.

Its most recent 1.7-metre-wide line supplied to a customer in Italy operates at speeds of 40+ metres per minute for web coatings or prepreg fibre and resin consolidation, or a combination of both processes. It is distinguished by an ultra precise three-roll reverse roll coater for the processing of high viscosity thermo-activated resins and enables the automatic changeover of sensitive woven fabric materials at zero tension, with three high precision calendaring nips with hot/cool plates. Multiple unwind and rewind systems for intermediate lamination steps include side loading and reliable lap splicing and zero speed splicing with a web accumulator for the main product rewind.
 
 E+R has also been part of a consortium working on the development of lithium-sulphur (Li-S) batteries within the £540 million UK Faraday Battery Challenge. Once commercially viable, Li-S batteries promise to provide relatively high energy density at low cost for sustainable electric vehicles of the future – inevitably starting with F1.

Strong links
“In addition to our powerful base of textile testing and control companies, many other BTMA members are working on further F1 and advanced composite projects,” says Jason Kent in conclusion. “We are also forging strong links with the UK’s key research hubs such as Sheffield University’s Advanced Manufacturing Research Centre, the Northwest Composites Centre in Manchester, the National Centre for Motorsport Engineering in Bolton and the National Composites Centre in Bristol.

“The BTMA recently became an associate member of Composites UK too, because this sector is the crucible of innovation for tomorrow’s textiles.”

The CHT Group announced the appointment of Dr. Lorenza Sartorelli as the new Chief Operating Officer (COO). With this appointment, Dr. Lorenza Sartorelli completes the management board consisting of Dr. Christian Rink (CFO) and Eva Baumann (CEO).

With the now complete management team, the CHT Group is continuing its strategic realignment. As COO, Lorenza Sartorelli will focus her responsibilities on the sustainable global alignment of the CHT Group's operational functions.

Dr. Lorenza Sartorelli has extensive experience and an international career in the chemical industry. She has held various management positions at renowned companies, most recently at Evonik, where she demonstrated her expertise in the areas of operations management, strategic planning and process optimization.

Dr. Lorenza Sartorelli holds a degree in Chemical Engineering from the University of Padua and a PhD from the Technical University of Hamburg-Harburg. Her career includes positions at Roche and Evonik, where she was instrumental in optimizing production processes and increasing efficiency.

Dr. Lorenza Sartorelli on her new role: "I am looking forward to further advancing the path CHT has already taken to become a unique provider of sustainable and sustainably produced specialty chemicals. The consistent focus of my role on operational excellence, digitalization and sustainability speaks for itself. Together with Eva Baumann and Christian Rink, I will align the operational side of CHT holistically with the three dimensions of People, Planet and Performance."

Jens Reinig, currently Senior Vice President (SVP) Finance & Controlling at Freudenberg Performance Materials, has been appointed Chief Financial Officer (CFO) at Freudenberg Performance Materials effective April 1, 2025. He succeeds Marco Altherr, who is leaving the Freudenberg Group at his own request with effect from March 31, 2025, to take on new challenges outside the company.

Jens Reinig joined the Freudenberg Group in 2008 as team leader in Corporate Controlling at Freudenberg Nonwovens, the predecessor organization of Freudenberg Performance Materials. He subsequently held various positions in the company’s Finance & Controlling department. He became SVP Finance & Controlling at Freudenberg Performance Materials in 2020, holding this role until his recent appointment to the management board. Jens Reinig graduated from the University of Mannheim with a degree in business administration.

Effective April 1, 2025, the management board of Freudenberg Performance Materials comprises three members: Dr. Andreas Raps (CEO), Jens Reinig (CFO) and John McNabb (CTO).

Increasingly weaker demand from key sales markets over the course of 2024 is slowing SGL Carbon's sales and earnings growth. Group sales in 2024 amounted to €1,026.4 million, down slightly by 5.8% on the prior-year level (2023: €1,089.1 million). The group's adjusted EBITDA decreased by 3.3% to €162.9 million (2023: €168.4 million).

Despite the slight decline in sales, the adjusted EBITDA margin improved from 15.5 % in the previous year to 15.9 % in 2024. This is mainly due to positive price and product mix effects.

Declining demand from the key semiconductor and automotive markets, coupled with persistently unsatisfactory demand from the wind industry, led to a decrease in volume and sales in three of four business units. Only Process Technology was able to improve its sales and adjusted EBITDA.

Earnings performance in the past fiscal year was strongly affected by non-recurring items of minus €118.5 million (2006: minus €52.9 million). These mainly included the impairment of assets of the Carbon Fibers business unit totaling €91.2 million (previous year: €44.7 million) and expenses from restructuring measures in the Carbon Fibers and Battery Solutions business lines totaling €19.0 million. After deducting one-off effects and non-recurring items as well as depreciation and amortization of €58.7 million (2023: €58.9 million), EBIT amounted to minus €14.3 million in 2024 (2023: €56.6 million).

Taking into account the financial result of minus €32.6 million (2023: minus €34.2 million) and tax expenses of €32.5 million (2023: €19.3 million), SGL Carbon recorded a net loss of €80.3 million (2023: net profit of €41.0 million) despite the solid overall business performance.

In 2024, the Carbon Fibers (CF) business unit's sales continued to decline, decreasing by 6.7% to €209.8 million (2023: €224.9 million). The decline was due in particularly to the continued low demand from the wind industry and the increasing competitive headwind resulting from global overcapacity for textile and carbon fibers.

Adjusted EBITDA in the Carbon Fibers business unit decreased by €18.2 million year-on-year to minus €11.0 million (2023: €7.2 million). The lack of fixed cost absorption led to high idle capacity costs and combined with declining margins for our fiber products, had a negative impact on adjusted EBITDA. It should be noted that the Carbon Fibers business unit included the result of the equity accounted activities (mainly the joint venture Brembo SGL Carbon Ceramic Brakes, BSCCB) in the amount of €15.8 million (2023: €18.3 million). Excluding the contribution from the equity-accounted BSCCB, the adjusted EBITDA of Carbon Fibers would amount to minus €27.0 million (2023: minus €10.9 million).

In February 2025, as part of the review of all strategic options for the Carbon Fibers, a decision was made to extensively restructure the Carbon Fibers business unit, which also includes the closure of unprofitable business activities. A complete sale of the Carbon Fibers activities was reviewed and is currently not considered feasible.

In the reporting period, sales in the Composite Solutions (CS) business unit amounted to €124.6 million, down 19.0% (2023: €153.9 million). The decline was due in particular to the premature expiration of a significant project-related supply contract with an automotive customer.

As a result of lower volumes and product mix effects, CS's adjusted EBITDA decreased by €4.0 million or 18.0% year on year to €18.2 million (2023: €22.2 million). It should be noted that the adjusted EBITDA includes a compensation payment of €3.0 million for a prematurely terminated customer contract. The adjusted EBITDA margin remained almost constant at 14.6% compared to the previous year (2023: 14.4%).

Forecast
For the year 2025, SGL Carbon expects different but overall challenging developments in their key sales markets. For the semiconductor industry and in particular for silicon carbide-based semiconductors, the demand is expected to remain moderate. The main reasons are lower than originally forecast growth rates for electric vehicles and continued high inventories at our customers site. At the earliest, demand could pick up in the second half of 2025. The company also expects a high degree of uncertainty combined with lower momentum for the automotive market segment.

The forecast for the current fiscal year 2025 takes into account all four operating business units, as they are still in the early stages of restructuring our Carbon Fibers business. Based on their assumptions regarding the development of the key sales markets, the managers expect consolidated sales for fiscal year 2025, including all business units, to be slightly below the previous year (2024: €1,026.4 million).

Taking into account all four operating business units, an adjusted EBITDA in 2025 is expected to range between €130 million and €150 million. Furthermore, the assumption is that the free cash flow at the end of the 2025 financial year - excluding payments for the planned restructuring of the CF - will be below the previous year's level but still positive (2024: €38.7 million).

Restructuring Carbon Fibers
On February 18, 2025, the Board of Management of SGL Carbon announced a restructuring of the loss-making CF business unit. This includes a significant reduction of CF's business activities and a focus on a profitable core. SGL Carbon's group sales guidance for 2025 excluding the expected sales contribution from CF would be approximately €200 million lower. On the other hand, the adjusted EBITDA for the remaining businesses excluding the operating adjusted EBITDA of CF would be between 155 – 175 million €.

“In the coming months, our work will focus on restructuring the carbon Fibers business unit and safeguarding our profitability. This includes focusing on new sales opportunities to further utilize our production capacities and strict cost management. The major trends such as digitization, climate-friendly transportation and renewable energy sources remain intact and are the drivers for our key sales markets. SGL Carbon will benefit from these trends and the associated growth opportunities in the medium and long term,” explains Andreas Klein, CEO of SGL Carbon SE.