From the Sector

Reset
642 results
02.10.2024

Indorama Ventures concentrates yarn production in Italy

Indorama Ventures concentrates large parts of its high-performance polyester filament yarn production for the European textile industry around 100km west to Milan, Italy.

By transferring current German production and bundling the company’s spinning, draw texturizing and dyeing expertise in Sandigliano and its neighboring site in Saluzzo, Indorama Ventures executes on its strategy to transform its global asset network into a focused footprint that can serve volatile markets.

European textile filament customers will benefit from efficient, reliable supply of high-quality, colored, spun and package dyed, as well as functional yarns for a vast range of applications in customized quantities. End use applications are, among others, in apparel, home textile, woven label and automotive interior markets.

Indorama Ventures concentrates large parts of its high-performance polyester filament yarn production for the European textile industry around 100km west to Milan, Italy.

By transferring current German production and bundling the company’s spinning, draw texturizing and dyeing expertise in Sandigliano and its neighboring site in Saluzzo, Indorama Ventures executes on its strategy to transform its global asset network into a focused footprint that can serve volatile markets.

European textile filament customers will benefit from efficient, reliable supply of high-quality, colored, spun and package dyed, as well as functional yarns for a vast range of applications in customized quantities. End use applications are, among others, in apparel, home textile, woven label and automotive interior markets.

“While European customers value our expertise and supply capabilities from within the region, they also expect us to be highly cost competitive”, explains Vipin Kumar, Chief Operating Officer of Indorama Ventures’ fibers business. “Consolidating our capabilities will be most efficient moving forward and allow us to continuously serve our European customers with highly specialized and proven quality-products and services competitively.”

The company’s twisting and air texturizing processes will continue to be performed out of Bulgaria.

Source:

Indorama Ventures

24.09.2024

ANDRITZ: Recycled fibers for production of mattresses in Australia

International technology group ANDRITZ supplied and recently commissioned a tearing line at Sealy Australia’s mattress manufacturing plant in Brisbane. Versatile technology enables Sealy to recycle post-consumer and post-industrial textile waste in one line.

Sealy is a leading Australian manufacturer of high-quality mattresses, producing 1,000 mattresses per day at its Brisbane plant. To replace some of the virgin fiber feedstock with more sustainable recycled fibers, the company installed an ANDRITZ tearing line at the plant.

The ANDRITZ reXline tearing can process up to 1,200 kg/h of cotton denim waste and up to 800 kg/h of quilt waste. The 6-cylinder Exel module allows flexible switching between the two types of material. The combination of the reXline and the ANDRITZ airfelt line, which has been in operation at the Brisbane plant since 2008, enables Sealy to process large amounts of waste into new mattresses ready for sale around the world.

International technology group ANDRITZ supplied and recently commissioned a tearing line at Sealy Australia’s mattress manufacturing plant in Brisbane. Versatile technology enables Sealy to recycle post-consumer and post-industrial textile waste in one line.

Sealy is a leading Australian manufacturer of high-quality mattresses, producing 1,000 mattresses per day at its Brisbane plant. To replace some of the virgin fiber feedstock with more sustainable recycled fibers, the company installed an ANDRITZ tearing line at the plant.

The ANDRITZ reXline tearing can process up to 1,200 kg/h of cotton denim waste and up to 800 kg/h of quilt waste. The 6-cylinder Exel module allows flexible switching between the two types of material. The combination of the reXline and the ANDRITZ airfelt line, which has been in operation at the Brisbane plant since 2008, enables Sealy to process large amounts of waste into new mattresses ready for sale around the world.

“With our new line, we are taking a significant step towards circularity by making new mattresses from textile waste that would otherwise be burnt or landfilled,” says Shaun Guest, Fiber Plant Factory Manager of Sealy Australia.”

Source:

Andritz AG

24.09.2024

Dow: New durable water repellent finishing with 81% bio-based emulsion

Dow has announced the launch of DOWSIL™ IE-9100 Emulsion for durable water repellent (DWR) finishing, the latest addition to the Dow Ecolibrium™ Brand portfolio, as a product for high-performing water repellent fabrics.

An 81% bio-based silicone-organic hybrid formulation honored with both the R&D 100 Award and the SEAL Sustainable Product Award, DOWSIL™ IE-9100 Emulsion is designed to match the water repellency performance of fluoro-containing emulsions, making it a good option for high-performance outerwear fabrics, including athleticwear, outdoor garments and equipment, personal protective equipment, and footwear.

Dow has announced the launch of DOWSIL™ IE-9100 Emulsion for durable water repellent (DWR) finishing, the latest addition to the Dow Ecolibrium™ Brand portfolio, as a product for high-performing water repellent fabrics.

An 81% bio-based silicone-organic hybrid formulation honored with both the R&D 100 Award and the SEAL Sustainable Product Award, DOWSIL™ IE-9100 Emulsion is designed to match the water repellency performance of fluoro-containing emulsions, making it a good option for high-performance outerwear fabrics, including athleticwear, outdoor garments and equipment, personal protective equipment, and footwear.

DOWSIL™ IE-9100 Emulsion offers formulators and brand owners key performance advantages expected of performance apparel and technical textiles, including the ability to tailor the level of water repellency to match the specific end-use needs. It also boasts excellent water-based stain protection and color fastness as well as good tape adhesion and logo printability. It can be applied across a wide range of fibers, both natural and synthetic, and helps maintain the breathability of fabrics and membranes to maximize comfort. Additionally, it is compatible with standard manufacturing processes, allowing for ease of use for finishing mills and is certified OEKO-TEX® ECO PASSPORT.

On October 10th at 10 a.m. CEST / 4 p.m. CST, Isabelle Riff, along with Yusuke Kuwana and Jacob Milne, Dow Scientist, Textiles, will present the specifics of this new product during a dedicated webinar titled “Advancing textiles’ durable water repellency with silicone hybrid, bio-based technology.”

OVS Photo OVS
19.09.2024

Cotton grown in Italy: Haelixa and OVS partner for second year

Haelixa has partnered with Italian fashion brand OVS for the second consecutive year. This collaboration aims to mark and trace cotton grown in Italy, ensuring trust throughout the supply chain.

Haelixa has integrated its DNA markers into the existing operations for OVS's cotton. The cotton is grown in Italy and marked with the DNA markers at the gin, close to the farm. The fibers are tested during the entire manufacturing process, ensuring that the cotton used in this OVS collection is ethically and sustainably sourced. This partnership is a testament to their commitment to promoting responsible and transparent practices in the fashion industry, providing customers with the assurance of the cotton's origin.

Traceability has become crucial in the fashion industry, with consumers demanding more information about the products they purchase. By partnering with Haelixa, OVS continues to meet this demand and set a new standard for cotton in the industry. This alliance will benefit customers and the farmers in Italy, giving them fair recognition for their work.

Haelixa has partnered with Italian fashion brand OVS for the second consecutive year. This collaboration aims to mark and trace cotton grown in Italy, ensuring trust throughout the supply chain.

Haelixa has integrated its DNA markers into the existing operations for OVS's cotton. The cotton is grown in Italy and marked with the DNA markers at the gin, close to the farm. The fibers are tested during the entire manufacturing process, ensuring that the cotton used in this OVS collection is ethically and sustainably sourced. This partnership is a testament to their commitment to promoting responsible and transparent practices in the fashion industry, providing customers with the assurance of the cotton's origin.

Traceability has become crucial in the fashion industry, with consumers demanding more information about the products they purchase. By partnering with Haelixa, OVS continues to meet this demand and set a new standard for cotton in the industry. This alliance will benefit customers and the farmers in Italy, giving them fair recognition for their work.

Simone Colombo, Head of Corporate Sustainability, says, “In 2024, we have continued with Swiss DNA Traceability supplier Haelixa in marking and tracing our OVS Cotone Italiano for the second year. Our goal is to approach 5% of our cotton requirements from cultivation in Italy within a few years.”

The collaboration between Haelixa and OVS has boosted the transparency of their supply chain. With the help of traceability provided by Haelixa, OVS is working towards improving its products' social and environmental impacts. OVS is firmly committed to sustainable and ethical practices and aspires to enhance its operations yearly. The partnership with Haelixa is a testament to their dedication to improving traceability in the fashion industry.

 

Source:

Haelixa

12.09.2024

INDA Showcases Sustainability Advancements in Nonwovens and Manufacturing

INDA, the Association of the Nonwoven Fabrics Industry, announces the release of the International Fiber Journal’s (IFJ) special sustainability issue dedicated to nonwovens. This special edition, which was sponsored by INDA, is a key piece of the association’s 2024 strategic sustainability initiative, launched at the beginning of 2024 in response to feedback that sustainability remains one of the nonwovens industry’s highest priorities.

The IFJ special issue features exclusive content from industry leaders, including Kimberly-Clark Corporation, Glatfelter, Lenzing Fibers, NatureWorks LLC, Hollingsworth & Vose, MANN+HUMMEL, Nexus Circular, Henkel Corporation, and INDA. This edition explores key sustainability topics, structured around three core pillars vital to the industry’s future: Responsible Sourcing, Innovations in Sustainability, and End-of-Life Solutions. Featured topics include:

INDA, the Association of the Nonwoven Fabrics Industry, announces the release of the International Fiber Journal’s (IFJ) special sustainability issue dedicated to nonwovens. This special edition, which was sponsored by INDA, is a key piece of the association’s 2024 strategic sustainability initiative, launched at the beginning of 2024 in response to feedback that sustainability remains one of the nonwovens industry’s highest priorities.

The IFJ special issue features exclusive content from industry leaders, including Kimberly-Clark Corporation, Glatfelter, Lenzing Fibers, NatureWorks LLC, Hollingsworth & Vose, MANN+HUMMEL, Nexus Circular, Henkel Corporation, and INDA. This edition explores key sustainability topics, structured around three core pillars vital to the industry’s future: Responsible Sourcing, Innovations in Sustainability, and End-of-Life Solutions. Featured topics include:

  • Environmentally sustainable nonwoven materials
  • Circularity in single-use plastics
  • Potential of post-consumer recycled (PCR) materials in nonwovens
  • Navigating regulatory challenges
  • Advances in bio-based nonwovens
  • The role of plastics and polymers in sustainability

“This special issue of the International Fiber Journal is a vital part of our multi-faceted sustainability initiative aimed at providing new and enhanced offerings to INDA members and the nonwovens industry. We are excited to see the industry come together to share insights on the sustainability challenges we face,” said Tony Fragnito, President of INDA.

Source:

INDA, the Association of the Nonwoven Fabrics Industry

11.09.2024

SHIMA SEIKI at Garfab-TX Surat

SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Indian sales representative Universal MEP Projects & Engineering Services, Ltd., will participate in the upcoming Garfab-TX Surat exhibition, an international trade show on embroidery apparel technology, fiber, yarn fabrics and accessories, to be held in Surat, India from 13th to 15th September 2024.

Surat is known as the textile hub of India, especially in terms of man-made fibers, and while it has been mainly an industrial center for wovens, there has been recent interest by manufacturers in the region to expand into new areas, including knitting.

SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Indian sales representative Universal MEP Projects & Engineering Services, Ltd., will participate in the upcoming Garfab-TX Surat exhibition, an international trade show on embroidery apparel technology, fiber, yarn fabrics and accessories, to be held in Surat, India from 13th to 15th September 2024.

Surat is known as the textile hub of India, especially in terms of man-made fibers, and while it has been mainly an industrial center for wovens, there has been recent interest by manufacturers in the region to expand into new areas, including knitting.

As inventor and pioneer of WHOLEGARMENT®, the company is exhibiting its MACH2®XS WHOLEGARMENT® knitting machine. Featuring 4 needle beds and SHIMA SEIKI’s original SlideNeedle™, MACH2®XS is capable of producing high-quality fine gauge WHOLEGARMENT® products in all needles. Representing the cutting edge in conventional shaped knitting is the N.SVR®123SP machine featuring a loop presser bed that permits inlay technique for producing hybrid fabrics with both knit and weave characteristics. N.SVR®123SP furthermore features i-Plating® inverse-plating capability for increased patterning capability, including the production of jacquard-like patterns in light-weight plain jersey stitch. Both machines feature such SHIMA SEIKI innovations as DSCS® Digital Stitch Control System (with “intelligence” on MACH2®XS), spring-type moveable sinker system, stitch presser, yarn gripper and cutter, and takedown comb.

SHIMA SEIKI’s SDS®-ONE APEX4 3D design system will be available for demonstrations on the creative side of fashion, from planning and design to colorway evaluation, realistic fabric simulation and 3D virtual sampling. Virtual sampling is a digitized version of sample making, accurate enough to be  used effectively as prototypes. By replacing physical samples, virtual samples reduce time, cost and material that otherwise go to waste. Digital prototyping using virtual samples on SDS®-ONE APEX4 help to digitally transform the fashion supply chain for realizing sustainable manufacturing. Simulations are available not only for flat knitting, but for weaving, pile weaving, circular knitting and embroidery as well.

Source:

SHIMA SEIKI MFG., LTD.

06.09.2024

Indorama Ventures: ISCC+ Certification for fiber manufacturing sites

Indorama Ventures Public Company Limited (IVL) has achieved ISCC+ certification for three of its fiber manufacturing sites. In addition to one already ISCC+ certified fiber plant, this marks a significant milestone in the company's ongoing commitment to sustainability and circular economy practices. Across its entire business, a total of nine Indorama Ventures sites are now ISCC+ certified, offering a diverse range of sustainable products, including PTA, PET chips, fibers, and fabrics.

The newly certified high-performance fiber portfolio will serve customers who require technical yarns such as in the Mobility, Tire cords, Airbags, Industrial or Mechanical Rubber Goods sector. The new offerings include:

Indorama Ventures Public Company Limited (IVL) has achieved ISCC+ certification for three of its fiber manufacturing sites. In addition to one already ISCC+ certified fiber plant, this marks a significant milestone in the company's ongoing commitment to sustainability and circular economy practices. Across its entire business, a total of nine Indorama Ventures sites are now ISCC+ certified, offering a diverse range of sustainable products, including PTA, PET chips, fibers, and fabrics.

The newly certified high-performance fiber portfolio will serve customers who require technical yarns such as in the Mobility, Tire cords, Airbags, Industrial or Mechanical Rubber Goods sector. The new offerings include:

  • Mass balanced (M.B.) polyamides PA6.6 and PA4.6 from the company’s sites in Obernburg (Germany) and Pizzighettone (Italy). Developed in collaboration with key partners, these products match the performance of standard polyamide yarns while reducing GHG emissions by approximately 55% at the polymer level.
  • Bio-based high-tenacity PA4.10 (M.B.) yarn made in Obernburg (Germany) for tire and specialties applications. This 100% bio-content polymer, produced from bio-based Sebacic Acid and bio-based Di-Amino Butane (DAB) component via mass balancing, supports significant GHG emissions reduction due to the innovative raw material.
  • Recycled PET yarns and tire cord fabric from Indorama Ventures’ site in Kaiping (China). These yarns and fabrics made from 100% recycled PET, represent the company’s efforts to drive the evolution towards circular practices and lower carbon products.

ISCC+ Certification
The ISCC+ (International Sustainability and Carbon Certification) is a globally recognized standard for the sustainable production of biomass, and bio-based products, including recycled content. This certification ensures that materials are sourced and processed responsibly, reducing the environmental impact and promoting a circular economy.

 

Source:

Indorama Ventures Public Company Limited

03.09.2024

Teijin Companies at CAMX 2024

The Teijin Group companies Teijin Carbon America, Renegade Materials and Teijin Aramid will participate in CAMX. the largest, most comprehensive composites and advanced materials event in North America, in San Diego, USA. At the TEIJIN booth, visitors can explore innovative composite solutions and learn about the comprehensive technical support and provided services.

Teijin's diverse network of materials companies excels across various fields, ranging from high-performance carbon and aramid fibers to cutting-edge industrial textiles and revolutionary, cost-effective prepreg composite solutions. The shared commitment to quality, innovation, and environmental responsibility unites Teijin in their mission to deliver eco-friendly solutions across multiple industries and applications, including pressure vessels, aerospace, and both defense and commercial aircraft construction.

The Teijin Group companies Teijin Carbon America, Renegade Materials and Teijin Aramid will participate in CAMX. the largest, most comprehensive composites and advanced materials event in North America, in San Diego, USA. At the TEIJIN booth, visitors can explore innovative composite solutions and learn about the comprehensive technical support and provided services.

Teijin's diverse network of materials companies excels across various fields, ranging from high-performance carbon and aramid fibers to cutting-edge industrial textiles and revolutionary, cost-effective prepreg composite solutions. The shared commitment to quality, innovation, and environmental responsibility unites Teijin in their mission to deliver eco-friendly solutions across multiple industries and applications, including pressure vessels, aerospace, and both defense and commercial aircraft construction.

Teijin’s dedication to acquiring appropriate certifications for sustainable production and product development underscores the high level of commitment to lead in this field. In the past years, Teijin has continuously striven to minimize their carbon footprint and global impact, while also supporting customers on their own sustainability journeys. This year, Teijin Aramid achieved the EcoVadis Gold Medal recognition, placing the company in the top 5% of all companies across all industries globally and in the top 3% of all man-made fiber manufacturers worldwide.

Teijin Carbon has been awarded the ISCC Plus certification for its production in Germany and Japan and is on track to receive the same certification in the U.S. in the coming months. This accreditation allows the Teijin Carbon Group to prove to its customers sustainable products that contribute to a circular economy. Teijin Carbon is diligently working toward establishing new sustainability standards, promoting ecological innovations, and fostering partnerships for a more sustainable world.

Teijin is looking forward to engaging with customers and partners at CAMX 2024 in San Diego to discuss innovative ideas for the circular economy and recycling processes.

Teijin Carbon is one of the world's leading manufacturers of Tenax™ carbon fibers and carbon fiber-based materials, with production sites in the US, Germany, Japan and Vietnam. Teijin Carbon develops solutions for the aerospace, automotive, energy, electronics and sporting goods industries using high-performance technologies in an international environment. They work closely with their partners to create a fully circular value chain. The goal to make Teijin’s products net CO₂-free by 2050 aligns with the commitment to global society to find solutions and take action to combat it.

As a manufacturer of intermediate materials in the US, Renegade Materials is known for its product expertise and commitment to customer satisfaction. Renegade Materials distinguishes itself by merging cutting-edge materials science with advanced prepreg manufacturing and testing equipment, all meticulously controlled by rigorous quality management systems. Renegade is steadfast in their commitment to the development and largescale production of advanced, multi-functional materials that offer engineered solutions to the current composite design, usage and affordability initiatives in the aerospace industry.

Teijin Aramid is a global leader in high-performance aramid fiber, a subsidiary of the global Teijin Group. Specializing in high-performance aramid fibers, their materials are used in automotive and aerospace industries, ballistic protection and more.

Source:

Teijin

30.08.2024

Autoneum: Opening of third plant in India

In the presence of CEO Eelco Spoelder, Autoneum opened its new production facility in Pune in Western India on August 28, 2024. The opening of the third plant in the key automotive market of India is in line with the Company’s strategic focus on future profitable growth with a particular emphasis on Asian growth markets. Series production of carpet systems, interior trim, wheelhouse outer liners, e-motor encapsulations and other noise protection components for local and international vehicle manufacturers has already begun.

The plant in Pune in the western Indian state of Maharashtra is wholly owned by Autoneum and complements the existing production facility in Behror near New Dehli in the north and the joint venture plant in Chennai in the south of India. During the inauguration ceremony in Pune, Autoneum CEO Eelco Spoelder said: “With the opening of our new plant, Autoneum gains access to the third of the four major automobile production centers in India. By expanding our presence in this strategically important region, we can further strengthen our position in Asia, the world’s largest automotive market.”

In the presence of CEO Eelco Spoelder, Autoneum opened its new production facility in Pune in Western India on August 28, 2024. The opening of the third plant in the key automotive market of India is in line with the Company’s strategic focus on future profitable growth with a particular emphasis on Asian growth markets. Series production of carpet systems, interior trim, wheelhouse outer liners, e-motor encapsulations and other noise protection components for local and international vehicle manufacturers has already begun.

The plant in Pune in the western Indian state of Maharashtra is wholly owned by Autoneum and complements the existing production facility in Behror near New Dehli in the north and the joint venture plant in Chennai in the south of India. During the inauguration ceremony in Pune, Autoneum CEO Eelco Spoelder said: “With the opening of our new plant, Autoneum gains access to the third of the four major automobile production centers in India. By expanding our presence in this strategically important region, we can further strengthen our position in Asia, the world’s largest automotive market.”

The building spans an area of 7 500 square meters and includes modern production equipment. The Pune plant will supply both local and international customers with noise-reducing lightweight components for the interior and exterior of vehicles of all drive types. Pune will be the first Autoneum plant in India with the capability to produce Hybrid-Acoustics PET felts for e-motor encapsulation. Components made of Hybrid-Acoustics PET are characterized by their lightweight construction and noise protection that are optimized for electric vehicles. They consist entirely of PET, which is largely obtained from recycled fibers, and thus meet customer demand for environmentally friendly mobility solutions.

As announced in March, Pune is one of two plants that Autoneum is opening this year in the important Asian growth markets of China and India. The new joint venture plant in Changchun in the northern Chinese province of Jilin will ramp up production of inner dashes, interior floor insulators and other NVH (noise, vibration, harshness) components for European, Japanese and Chinese car manufacturers from the end of 2024. Both new plants in Pune and Changchun are strategically located thanks to their proximity to important customers. In India, Autoneum supplies European, American, Indian, Japanese and Korean vehicle manufacturers.

Source:

Autoneum Management AG

28.08.2024

RE&UP wins ITMF Start-up Award 2024

RE&UP Recycling Technologies, an innovator in scalable recycling solutions for Next-Gen fibers, announces its recognition as one of the winners of the ITMF Start-up Award 2024. This accolade highlights RE&UP's commitment to advancing more sustainable practices in the textile industry through recycling technologies.

The ITMF Start-up Award, presented annually by the International Textile Manufacturers Federation (ITMF), aims to honor start-ups that showcase innovative and transformative ideas poised to make a impact on the textile sector. This year’s award ceremony will be held during the ITMF & IAF Conference 2024 from September 8-10 in Samarkand, Uzbekistan, co-hosted by the Uzbek Textile & Apparel Industry Association (UZTS).

RE&UP Recycling Technologies, an innovator in scalable recycling solutions for Next-Gen fibers, announces its recognition as one of the winners of the ITMF Start-up Award 2024. This accolade highlights RE&UP's commitment to advancing more sustainable practices in the textile industry through recycling technologies.

The ITMF Start-up Award, presented annually by the International Textile Manufacturers Federation (ITMF), aims to honor start-ups that showcase innovative and transformative ideas poised to make a impact on the textile sector. This year’s award ceremony will be held during the ITMF & IAF Conference 2024 from September 8-10 in Samarkand, Uzbekistan, co-hosted by the Uzbek Textile & Apparel Industry Association (UZTS).

As one of the four winners of the ITMF Start-up Award 2024, along with Sci-Lume Labs, Sycoretec CAS, Syre Impact, RE&UP will have the opportunity to present its business model and technological advancements at the upcoming conference, where leaders from across the global textile value chain will gather. This platform will enable RE&UP to connect with established companies and explore collaborative opportunities to further integrate sustainable practices in textile manufacturing.

26.08.2024

Oerlikon at ITMA Asia + CITME 2024

This year's ITMA Asia + CITME 2024 trade fair appearance of the Oerlikon Polymer Processing Solutions Division between 14 and 18 October 2024 will once again focus on current challenges for the global textile machinery industry: the replacement of old systems with energy-efficient and sustainable technology solutions, the use of digital software and hardware solutions to increase productivity and ensure material quality, and the traceability of all products to enable the recycling of the raw materials used in a future-oriented circular economy.

Oerlikon Polymer Processing Solutions offers complete solutions ranging from extrusion and polycondensation systems to texturized yarn, accompanied by automation and digital solutions. The supply of all process steps from a single source ensures a coordinated technology that guarantees the high quality of the fibers and yarns produced. The entire product portfolio of the supplier of machines and systems primarily to produce polyester, polypropylene and nylon will therefore take centre stage at this year's trade fair.

This year's ITMA Asia + CITME 2024 trade fair appearance of the Oerlikon Polymer Processing Solutions Division between 14 and 18 October 2024 will once again focus on current challenges for the global textile machinery industry: the replacement of old systems with energy-efficient and sustainable technology solutions, the use of digital software and hardware solutions to increase productivity and ensure material quality, and the traceability of all products to enable the recycling of the raw materials used in a future-oriented circular economy.

Oerlikon Polymer Processing Solutions offers complete solutions ranging from extrusion and polycondensation systems to texturized yarn, accompanied by automation and digital solutions. The supply of all process steps from a single source ensures a coordinated technology that guarantees the high quality of the fibers and yarns produced. The entire product portfolio of the supplier of machines and systems primarily to produce polyester, polypropylene and nylon will therefore take centre stage at this year's trade fair.

“The Chinese market continues to have enormous potential for us, even if it has not been able to match the previous times in terms of large new installations of manmade fiber plants and the associated expansion of production capacity for good two years. However, there is still a great need for renewal, especially in terms of sustainability. Shutting down old plants and replacing them with new, modern and energy-efficient technologies is the path to a better and lower-emission future for us all,” explains André Wissenberg, Head of Marketing, Corporate Communications and Public Affairs. “We have been contributing to sustainability with our technology solutions for decades. Be it by increasing energy efficiency with each new generation of machines or by processing new materials,” Wissenberg continues. Oerlikon is proud of the fact that the company has been offering solutions for the textile industry under the e-save sustainability label for 20 years and has saved over 15 million tons of CO2 thanks to the machines and systems developed and installed on the market during this time.

Source:

Oerlikon Textile GmbH & Co. KG

Gimatex turns textile waste into ring yarn with Trützschler’s IDF (c) Trützschler Group SE
26.08.2024

Gimatex turns textile waste into ring yarn with Trützschler’s IDF

Trützschler and the Indian company Gimatex have a long relationship that began in 2006. Gimatex has used Trützschler’s IDF in direct spinning and are now using it to turn textile waste into ring yarn.

Gimatex Industries Pvt. Ltd. operates fully integrated facilities with ginning, spinning, recycling, weaving and processing units in Hinganghat, within India’s cotton-growing region of Vidarbha. It also runs a fabric processing unit in Dholka, near Ahmedabad. Together, Trützschler and Gimatex are working in close collaboration with the shared aim of extending that long history far into the future.

Trützschler’s Integrated Draw Frame (IDF) technology is at the heart of this collaboration. Gimatex is using these solutions to produce high-quality yarn. In particular, IDF enables Gimatex to produce yarns from a wide variety of raw materials – from 100 percent cotton through to polyester, recycled fibers and blends of various different inputs.

Trützschler and the Indian company Gimatex have a long relationship that began in 2006. Gimatex has used Trützschler’s IDF in direct spinning and are now using it to turn textile waste into ring yarn.

Gimatex Industries Pvt. Ltd. operates fully integrated facilities with ginning, spinning, recycling, weaving and processing units in Hinganghat, within India’s cotton-growing region of Vidarbha. It also runs a fabric processing unit in Dholka, near Ahmedabad. Together, Trützschler and Gimatex are working in close collaboration with the shared aim of extending that long history far into the future.

Trützschler’s Integrated Draw Frame (IDF) technology is at the heart of this collaboration. Gimatex is using these solutions to produce high-quality yarn. In particular, IDF enables Gimatex to produce yarns from a wide variety of raw materials – from 100 percent cotton through to polyester, recycled fibers and blends of various different inputs.

Gimatex mainly uses Trützschler IDF to manufacture rotor yarns in a direct spinning process. Direct spinning means shortening the spinning process by eliminating draw frame passages. Fiber slivers are fed directly from the card into the integrated drafting passage. This direct spinning concept uses less electricity and less space than conventional draw frame passages, which helps Gimatex to cut costs while increasing output volumes – with no compromise in quality. Most often, IDF technology is used for rotor and vortex spinning. However, the team at Gimatex is now also one of the first spinning mills in India to develop a special IDF process for producing traditional and recycled ring yarn. This allows the company to leverage the same setup it uses for open-end yarn. The ring yarn produced in this unusual way is mostly coarser varieties and recycling blends for cotton / spandex (lycra) products, with Ne 10s and Ne 16s. The yarn goes through a blow room into a TC 15 card with IDF, before entering a Trützschler TD 10 draw frame, a speed frame and a ring frame.

 

Source:

Trützschler Group SE

20.08.2024

Archroma: “Planet Conscious+” at FEBRATEX 2024

Archroma is bringing its latest “Planet Conscious+” innovations to FEBRATEX 2024 in Brazil with the aim to empower the region’s textile mills and brands to lead the industry shift to sustainability.

SUPER SYSTEMS+ are end-to-end systems that combine fiber-specific processing solutions and intelligent effects. Drawing on the industry’s broadest product portfolio, the SUPER SYSTEMS+ suite encompasses wet processing solutions that deliver measurable environmental impact from sizing to finishing; durable colors and functional effects that add value and longevity to the end product; and cleaner chemistries that eliminate harmful or regulated substances.

Archroma is bringing its latest “Planet Conscious+” innovations to FEBRATEX 2024 in Brazil with the aim to empower the region’s textile mills and brands to lead the industry shift to sustainability.

SUPER SYSTEMS+ are end-to-end systems that combine fiber-specific processing solutions and intelligent effects. Drawing on the industry’s broadest product portfolio, the SUPER SYSTEMS+ suite encompasses wet processing solutions that deliver measurable environmental impact from sizing to finishing; durable colors and functional effects that add value and longevity to the end product; and cleaner chemistries that eliminate harmful or regulated substances.

Textile industry professionals will be able to explore Archroma’s “PLANET CONSCIOUS+” vision at FEBRATEX 2024 and discover SUPER SYSTEMS+ technologies such as Archroma’s DENIM HALO, a newly launched concept for denim production that is both eco-friendly and simple, aniline-free* DENISOL® PURE INDIGO 30 LIQ pre-reduced indigo, and the patented EarthColors® technology that creates high-performance bio waste-based dyes from non-edible food and agricultural waste. Archroma is also showcasing ULTRATEX® STS-U, a compatible hydrophilic silicone softener for cotton and cotton blended knits with great running stability, Siligen® EH1, a biomass-based silicone softener that has great moisture management and delivers a smooth soft touch, AVITERA® SE GENERATION NEXT for cellulosic fibers and blends that enables significant resource savings, chlorine fastness and improved cost-to-performance ratio for dark and extra-dark shades, and ERIOPON® E3-SAVE all-in-one auxiliary.

Source:

Archroma

15.08.2024

Hygienix™ 2024: Highlighting Advancements in Sustainability

INDA, the Association of the Nonwoven Fabrics Industry, announced the conference program for Hygienix™ 2024, November 18-21, The Renaissance Nashville Hotel, Nashville, TN. This year’s theme, “Driving Absorbent Hygiene Product Innovation: Consumer Desires, Market Dynamics & Sustainability Solutions,” will provide insights into the latest industry advancements.

Event highlights include:

Pre-conference webinars

  • “Non-PFAS Hydrophobic Technology for Polypropylene Nonwovens”
  • “Harnessing AI to Enhance Transparency and Trust in Brand Sustainability”

Workshops (Monday, November 18th)

  • “Fundamentals of Absorption Systems and Opportunities in Adult Incontinence”
  • “Innovations in Menstrual Care”
  • “Baby and Infant Care Market Dynamics”

Networking opportunities

INDA, the Association of the Nonwoven Fabrics Industry, announced the conference program for Hygienix™ 2024, November 18-21, The Renaissance Nashville Hotel, Nashville, TN. This year’s theme, “Driving Absorbent Hygiene Product Innovation: Consumer Desires, Market Dynamics & Sustainability Solutions,” will provide insights into the latest industry advancements.

Event highlights include:

Pre-conference webinars

  • “Non-PFAS Hydrophobic Technology for Polypropylene Nonwovens”
  • “Harnessing AI to Enhance Transparency and Trust in Brand Sustainability”

Workshops (Monday, November 18th)

  • “Fundamentals of Absorption Systems and Opportunities in Adult Incontinence”
  • “Innovations in Menstrual Care”
  • “Baby and Infant Care Market Dynamics”

Networking opportunities

  • Lunch Arounds with founders of successful hygiene start-ups
  • Lightning Talks – supercharged elevator pitches
  • Tabletop Exhibits of leading-edge absorbent hygiene suppliers
  • Receptions – three extended networking events

Presentation Preview

  • Absorbent Hygiene Insights, LLC, “Exploring the Performance of Polyaspartic Acid Superabsorbents in Hygiene Products”
  • China National Household Paper Industry Association (CNHPIA), “Latest Development of Disposable Hygiene Products Industry in China”
  • Glatfelter Industries (France) SAS, “Capitalizing on Capabilities to Support the Shifting Hygiene Industry”
  • Gottlieb Binder GmbH & Co. KG, “Synergy of Components - Upstream Advancements Offering Downstream Sustainability Opportunities”
  • Handas Consulting, “The Intersection of Nonwovens, Sustainability and the Environment: An African Perspective”
  • INDA, “UN Plastics Treaty Update”
  • INDA, “Business Not as Usual – The Impact of Reusables on the Absorbent Hygiene Market”
  • Curt G. Joa, Inc., “Efficient Material Utilization in Hygienic Incontinence Articles”
  • Joii Ltd., “Using Nonwoven Period Care Products and an AI-backed Mobile Application to Diagnose Heavy Menstrual Bleeding”
  • Kuraray Europe GmbH, “Connecting Consumer Insights with AHPs: Designing Elastics & Naturality”
  • The LYCRA Company, “From Farm to Fiber: Developing Elastane with 70% Renewable Content”
  • MyMicrobiome GmbH, “The Menopausal Skin Microbiome – What Do You Need to Know?”
  • Price Hanna Consultants LLC, “Shifting Sands in the Global Economy for Absorbent Hygiene Products”
  • Principle Business Enterprises, “The High Cost of Adult Incontinence”
  • RPK Consulting, “Shifting to Sustainability: Natural Fibers in Diapers and the Rise of Eco Brands”
  • Texol S.R.L., “Functional Substrates to Preserve Skin Microbiome”
  • SK Leaveo, “Comprehensive Sustainability in Hygiene Products: Exploring Biodegradable Alternatives and Circular Economy”
  • SPARK Solutions For Growth, “There’s an App for That! The New World of Incontinence Tech”
  • University of Pennsylvania, Division of Urology, “Latest Medical & Surgical Treatment for Incontinence”
  • ZymoChem, “The Final Frontier: A Bio-Based Source for Super Absorbents”

Hygienix Innovation Award™
A highlight of the event, the Hygienix Innovation Award™ will feature presentations from three finalists on Tuesday, November 19th. The winner, to be announced on Thursday, November 21st, will be recognized for their innovative contributions to absorbent hygiene products. Nominations are open until September 16th, 2024. Last year’s winner, Sequel Spiral™ Tampon, received FDA clearance in August 2023 and is expected to be widely available in 2024.

 

Source:

INDA, the Association of the Nonwoven Fabrics Industry

12.08.2024

Indorama Ventures: Stable 2Q24 earnings

Indorama Ventures Public Company Limited (IVL) reported a slight rise in quarterly performance, supported by a gradual recovery in sales volumes and as management executes the company’s IVL 2.0 strategy to optimize its manufacturing model, reduce costs, and enhance competitiveness.

Indorama Ventures’ reported Adjusted EBITDA  of $370 million in 2Q24, a 1% rise QoQ and a decline of 11% YoY. The company’s sales volumes increased 1% YoY due to subdued economic activity, but also signaling the end of a prolonged period of destocking that began in late 2022. Operating rates for the group increased from 74% to 76% in 1H24, although still at lower-than-average levels, signifying the weak global economic conditions. On a proforma basis, considering asset optimization actions, operating rates increase to 81%.

The Indovinya segment posted a robust performance on improved margins and rebounding demand for its high value-add downstream products. The packaging business, newly renamed ‘Indovida’, also performed well due to its leading footprint in emerging markets.

Indorama Ventures Public Company Limited (IVL) reported a slight rise in quarterly performance, supported by a gradual recovery in sales volumes and as management executes the company’s IVL 2.0 strategy to optimize its manufacturing model, reduce costs, and enhance competitiveness.

Indorama Ventures’ reported Adjusted EBITDA  of $370 million in 2Q24, a 1% rise QoQ and a decline of 11% YoY. The company’s sales volumes increased 1% YoY due to subdued economic activity, but also signaling the end of a prolonged period of destocking that began in late 2022. Operating rates for the group increased from 74% to 76% in 1H24, although still at lower-than-average levels, signifying the weak global economic conditions. On a proforma basis, considering asset optimization actions, operating rates increase to 81%.

The Indovinya segment posted a robust performance on improved margins and rebounding demand for its high value-add downstream products. The packaging business, newly renamed ‘Indovida’, also performed well due to its leading footprint in emerging markets.

Looking ahead, Indorama Ventures is encouraged by the gradual improvement in the operating environment as customer inventory levels normalize, which is expected to spur further growth in volumes across all segments in 2H24. The company also expects to benefit in 2H24 from its shale gas advantage in the U.S, reflected in ethylene crack margins, positively impacting its integrated MEG business. Continued higher import prices in Western markets will enhance the company’s competitiveness as a leading local operator.

While the polyester industry manages the downcycle, Indorama Ventures’ experienced management team is working hard to deleverage and optimize the business under the company’s IVL 2.0 strategy to emerge stronger and drive enhanced earnings quality in an era of higher interest rates and a substantially changed industry landscape. As flagged at its Capital Markets Day on 6 March this year and reaffirmed in its Mid year strategic update on 24 July, the company is making substantial progress with IVL 2.0. In 2Q24, it recorded an impairment and expense provision of $666 million ($543 million is non cash) under its asset optimization program to improve manufacturing efficiency and reduce fixed costs. The cost benefits will start from 3Q24 and amount to about $170 million in savings in 2025. The company expects that the remaining asset optimizations will not have material impairments.

Management is continuing its intense focus on managing costs and extracting efficiencies, including its Olympus 2.0 program. These efforts achieved $47 million in savings in 1H24 ($29 million in 2Q24). The company is continually optimizing its capital expenditure, with capex supporting investments in sustainability—such as recycling in India—and automation and digital technology, as well as ongoing projects.

A key part of Indorama Ventures’ transformation journey is the implementation of new digital and AI tools to drive operational excellence in key areas, including manufacturing, commercial, procurement, sales, supply chain, and finance excellence. A significant portion of operations now have the new SAP S/4HANA ERP platform as a digital core, while rollouts of other world-leading solutions are ongoing in a phased approach through to 2026.

Segment Performances
The Combined PET (CPET) with Intermediate Chemicals segment posted an Adjusted EBITDA of $234 million in 2Q24, a 6% decline QoQ and a 25% decrease YoY, due to a one-time upside impact from a campaign run of NDC campaign in 1Q24 and as reduced industry spreads weighed on the Integrated PET business. A cracker outage at Lake Charles in the U.S also resulted in a $17-18 million impact to EBITDA. The cracker is gradually up and running in 3Q24.

The Indovinya segment recorded a strong Adjusted EBITDA of $98 million, a 41% gain QoQ and 85% YoY on increased volumes as destocking eased, supported by demand for downstream chemical surfactants amid the U.S crops season.

The Fibers segment recorded Adjusted EBITDA of $39 million, a 2% rise QoQ and a 19% gain YoY amid improved sales strategies and a robust focus on cost management, even as volumes declined, particularly in the Lifestyle business.

Source:

Indorama Ventures Public Company Limited

09.08.2024

Trützschler Group at CAITME 2024

From September 11 to 14, 2024, the Trützschler Group will present its latest innovations at CAITME in Tashkent, Uzbekistan - featuring machines and technologies in spinning, card clothing and nonwovens.

Trützschler Spinning
A highlight will be Trützschler’s next generation card, the TC 30i. In recent customer trials, the TC 30i has achieved up to 40 % higher productivity while reducing energy consumption by up to -18 %. In addition, the team will share insights about the Integrated Draw Frame IDF 3, which enables shortened processes that save resources, energy and production space. Visitors will also have the opportunity to discover the TCO 21XL, a 12-head comber. This comber makes it possible to increase productivity by 50 %, while requiring 25 % less space.

Visitors will also get the chance to learn about Trützschler’s new brand for textile recycling, TRUECYCLED. The company enables its customers to produce high quality tapes while turning waste into value.

From September 11 to 14, 2024, the Trützschler Group will present its latest innovations at CAITME in Tashkent, Uzbekistan - featuring machines and technologies in spinning, card clothing and nonwovens.

Trützschler Spinning
A highlight will be Trützschler’s next generation card, the TC 30i. In recent customer trials, the TC 30i has achieved up to 40 % higher productivity while reducing energy consumption by up to -18 %. In addition, the team will share insights about the Integrated Draw Frame IDF 3, which enables shortened processes that save resources, energy and production space. Visitors will also have the opportunity to discover the TCO 21XL, a 12-head comber. This comber makes it possible to increase productivity by 50 %, while requiring 25 % less space.

Visitors will also get the chance to learn about Trützschler’s new brand for textile recycling, TRUECYCLED. The company enables its customers to produce high quality tapes while turning waste into value.

Trützschler Card Clothing
Trützschler Card Clothing (TCC) will present a range of technologies from its card clothing portfolio, covering the full spectrum of applications in the spinning and nonwovens markets. A key feature will be the Flexible Bend Control (FBC), which ensures flat setting for all card models within a few seconds and guarantees optimum quality.

Trützschler Nonwovens
Trützschler Nonwovens will focus on solutions for the production of cotton nonwovens for wipes, pads and medical products from virgin fibers, comber noils or blends. In addition, the team will provide insights into T-SUPREMA needle-punching lines and show its solutions for the specific requirements of high-potential markets such as geotextiles, filter media, automotive textiles or other durable products.

SGL Carbon: Report on first half 2024 (c) SGL Carbon SE
09.08.2024

SGL Carbon: Report on first half 2024

  • Graphite Solutions with slight sales growth and positive margin development
  • Process Technology again improves on good prior-year figures
  • Weak demand in Carbon Fibers continues to impact Group sales and profitability
  • Despite slight decline in sales (-4.0%), EBITDA margin improves from 15.7% to 16.1% compared to the first half of the previous year
  • Outlook for 2024 confirmed

Q2 2024 confirms SGL Carbon's business development in an increasingly volatile market environment. After €272.6 million in Q1 and €265.4 million in Q2, SGL Carbon generated consolidated sales of €538.0 million in the first half of 2024 (H1 2023: €560.5 million). This corresponds to a slight decrease of 4.0% compared to the prior year period; adjusted for currency effects, Group sales decreased by only 2.2%. By contrast, adjusted EBITDA, an important key figure for the Group, remained almost constant year-on-year at €86.5 million (H1 2023: €88.0 million).

  • Graphite Solutions with slight sales growth and positive margin development
  • Process Technology again improves on good prior-year figures
  • Weak demand in Carbon Fibers continues to impact Group sales and profitability
  • Despite slight decline in sales (-4.0%), EBITDA margin improves from 15.7% to 16.1% compared to the first half of the previous year
  • Outlook for 2024 confirmed

Q2 2024 confirms SGL Carbon's business development in an increasingly volatile market environment. After €272.6 million in Q1 and €265.4 million in Q2, SGL Carbon generated consolidated sales of €538.0 million in the first half of 2024 (H1 2023: €560.5 million). This corresponds to a slight decrease of 4.0% compared to the prior year period; adjusted for currency effects, Group sales decreased by only 2.2%. By contrast, adjusted EBITDA, an important key figure for the Group, remained almost constant year-on-year at €86.5 million (H1 2023: €88.0 million). The adjusted EBITDA margin improved from 15.7% to 16.1%, in particular due to the continued positive sales trend in the Semiconductor market segment and the associated change in the product mix. On the other hand, the persistently weak demand in the Carbon Fibers business unit continued to weigh on the Group's sales and earnings
performance.

Outlook
The current volatile development in some of their sales markets, which in some cases is below expectations, affects the expected sales and earnings performance of the business units. Due to the company's diversified business model, changes in demand for certain products can be largely offset by higher-than-expected sales in other businesses. SGL Carbon therefore continued to expect to achieve the forecast which was issued in March for the SGL Carbon Group at the lower end of the stated range. For fiscal year 2024, SGL Carbon expects Group sales to be at the previous year's level (2023: €1,089.1 million) and adjusted EBITDA at Group level to be between €160 million and €170 million.

Thomas Dippold, CFO of SGL Carbon, explains: “One of our most important market segments is the semiconductor industry and in particular the demand for graphite components for the production of silicon carbide-based semiconductors. These are used primarily in electric vehicles due to their higher efficiency and performance. In the first half of 2024, global demand for electric vehicles slowed compared to the growth in previous quarters, and a return to the previous year's growth rates is not expected in the coming months. In addition, there are high inventory levels in the semiconductor value chain, which are also impacting demand for our products. Even if we assume that the market for high-performance semiconductors for electric vehicles will continue to grow significantly in the future, we expect demand for our specialty graphite components for the production of SiC-based semiconductors to slow down in the second half of 2024. For Graphite Solutions, however, we continue to expect sales and adjusted EBITDA to be above the previous year."

On the other hand, other market segments are developing better than expected and can thus compensate for fluctuations in demand within the SGL Carbon Group. Taking into account the business unit developments in the first half of 2024 and the expected trends for their key sales markets, the Company expects to meet its forecast for sales and adjusted EBITDA in fiscal year 2024 at the lower end of the announced range.

Source:

SGL Carbon SE

Spinning technical yarns Photo Oerlikon Neumag
08.08.2024

India: Technical textiles on the rise

As a traditional textile country, India has also established a strong position in the field of manmade fiber production in recent decades. The West Asian country has now become the second largest polyester yarn manufacturer in the world. The Indian textile industry covers the entire value chain from the melt to the finished textile end product.

The technical textiles sector in particular is regarded as a future market. With an average growth rate of 12% since 2013, this dynamic sector accounts for around 13% of the entire Indian textile and clothing market, according to the government organization Invest India. The market volume has almost doubled in the past ten years. In India, the production of industrial yarn has so far relied heavily on polyamide. Oerlikon Barmag has a strong market position here. "In recent years, we have commissioned plants for numerous customers," says Dr. Wolfgang Ernst, Head of Sales of the Oerlikon Business Unit Manmade Fibers Solutions.

As a traditional textile country, India has also established a strong position in the field of manmade fiber production in recent decades. The West Asian country has now become the second largest polyester yarn manufacturer in the world. The Indian textile industry covers the entire value chain from the melt to the finished textile end product.

The technical textiles sector in particular is regarded as a future market. With an average growth rate of 12% since 2013, this dynamic sector accounts for around 13% of the entire Indian textile and clothing market, according to the government organization Invest India. The market volume has almost doubled in the past ten years. In India, the production of industrial yarn has so far relied heavily on polyamide. Oerlikon Barmag has a strong market position here. "In recent years, we have commissioned plants for numerous customers," says Dr. Wolfgang Ernst, Head of Sales of the Oerlikon Business Unit Manmade Fibers Solutions.

Increasing demand for industrial polyester yarns
The construction boom and the increasing use of geotextiles and industrial textiles in various infrastructure projects as well as in agriculture and aquaculture show enormous growth potential. This is supported by the government's 2021 industrial development program, which includes technical textiles as one of ten priority sectors. The program is based on reducing dependence on imports. Until now, a large proportion of the technical textiles and yarns required in the country have been imported.

The trend towards high-quality technical textiles for the domestic market has also been noted by the Remscheid-based machine and plant manufacturer. "We are receiving more and more inquiries from Indian customers for spinning systems for industrial yarns," says Dr. Wolfgang Ernst. "What is new is the great interest shown by companies from downstream processes that are looking for backward integration. We attribute this to the stricter regulations of the Bureau of Indian Standards. Until now, industrial yarns were mainly imported from China. In order to guarantee the quality of the processed yarns, this has been strictly regulated by the government since last year. It therefore makes sense for Indian textile producers to enter the yarn manufacturing sector." This development was also noticeable at this year's Techtextil in Frankfurt, where the experts from Oerlikon Barmag were able to hold a disproportionately high number of technical discussions with Indian customers and interested parties.

The flexible spinning concepts of Oerlikon Barmag enable a variety of possible yarn products for numerous applications. The portfolio includes processes for the production of polyamide and polyester yarns with the required physical properties for a wide range of end applications, whether HMLS yarns for car tires, yarns for geotextiles, safety belts or even airbags.

More information:
Oerlikon Neumag
Source:

Oerlikon Barmag

07.08.2024

KARL MAYER at CAMX: Solutions for composite reinforcements

KARL MAYER North America will return to exhibit at CAMX, a composites trade show, taking place from September 9 to 12, 2024 in San Diego. Here it will present as an innovative partner to the composites industry with machines such as the COP MAX 4, a all-rounder to produce multilayer, multiaxial fabric structures; the COP MAX 5, specifically for processing carbon fibers; and the UD 700 fiber spreading system. Furthermore, a new machine was launched this spring, called MAX GLASS ECO.

Besides the machines, KARL MAYER supports customers with pioneering application developments. The focus of the medial presentation will be the processing of natural fibers into sustainable composite reinforcements. In cooperation with representatives of the winter sports industry, KARL MAYER has already processed hemp tapes and flax fibers into non-crimp fabrics for snowboards and skis with COP MAX 4. Examples were launched at the last editions of this year's Techtextil and JEC World which were very well received by visitors.

KARL MAYER North America will return to exhibit at CAMX, a composites trade show, taking place from September 9 to 12, 2024 in San Diego. Here it will present as an innovative partner to the composites industry with machines such as the COP MAX 4, a all-rounder to produce multilayer, multiaxial fabric structures; the COP MAX 5, specifically for processing carbon fibers; and the UD 700 fiber spreading system. Furthermore, a new machine was launched this spring, called MAX GLASS ECO.

Besides the machines, KARL MAYER supports customers with pioneering application developments. The focus of the medial presentation will be the processing of natural fibers into sustainable composite reinforcements. In cooperation with representatives of the winter sports industry, KARL MAYER has already processed hemp tapes and flax fibers into non-crimp fabrics for snowboards and skis with COP MAX 4. Examples were launched at the last editions of this year's Techtextil and JEC World which were very well received by visitors.

More information:
Karl Mayer USA CAMX Composites
Source:

KARL MAYER Verwaltungsgesellschaft AG

07.08.2024

Lenzing: Improvement in Operating Result

  • Revenue up 4.8 percent year-on-year to EUR 1.31 bn in the first half of 2024
  • Performance program shows effect: EBITDA up 20.4 percent year-on-year to EUR 164.4 mn in in the first half of 2024
  • Free cash flow of EUR 141.5 mn (compared with minus EUR 165.4 mn in in the first half of 2023)
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group reports a gradual improvement in its business performance in the first half of 2024. As expected, the recovery of the markets relevant to Lenzing proved to be sluggish. Although fiber sales volumes increased, fiber prices remained at a low level. The cost of raw materials and energy remained high. At the same time, logistics costs rose significantly in the reporting period.

Outlook
The IMF left its growth forecast for 2024 unchanged at 3.2 percent and raised it to 3.3 percent for 2025. Nevertheless, a number of risks for the global economy remain.

Forecasting future economic growth is rendered more difficult by smoldering global conflicts, trade disputes, and the uncertain outcome of elections, including the USA and the EU.

  • Revenue up 4.8 percent year-on-year to EUR 1.31 bn in the first half of 2024
  • Performance program shows effect: EBITDA up 20.4 percent year-on-year to EUR 164.4 mn in in the first half of 2024
  • Free cash flow of EUR 141.5 mn (compared with minus EUR 165.4 mn in in the first half of 2023)
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group reports a gradual improvement in its business performance in the first half of 2024. As expected, the recovery of the markets relevant to Lenzing proved to be sluggish. Although fiber sales volumes increased, fiber prices remained at a low level. The cost of raw materials and energy remained high. At the same time, logistics costs rose significantly in the reporting period.

Outlook
The IMF left its growth forecast for 2024 unchanged at 3.2 percent and raised it to 3.3 percent for 2025. Nevertheless, a number of risks for the global economy remain.

Forecasting future economic growth is rendered more difficult by smoldering global conflicts, trade disputes, and the uncertain outcome of elections, including the USA and the EU.

Consumers are holding back on unnecessary purchases in an environment of rising prices, falling real wages in some cases, and concerns about economic growth. This is hampering a revival of the consumer apparel market, which is important for Lenzing.

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

In the trend-setting market for cotton, a reduction in stock levels and a stable price trend at a low level is expected for the remainder of the 2023/2024 harvest season.

Earnings visibility remains limited overall.

Revenue and earnings in the first half of the year exceeded Lenzing’s expectations, despite the persistently difficult market. Lenzing is ahead of schedule with the implementation of its performance program. The company expects that the measures will make a greater contribution to further improving earnings in the coming quarters.

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

Structurally, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as for the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its strategy and is pushing both profitable growth with specialty fibers and the further expansion of its market leadership in the sustainability area.

Source:

Lenzing AG