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11.11.2024

Indorama Ventures: Improved 3Q24 earnings while global demand remains lacklustre

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, posted a marked improvement in quarterly performance as the chemical industry struggles to recover from a prolonged downturn and the company’s management executes their 3 year IVL 2.0 strategy to enhance competitiveness and drive efficiencies.

Indorama Ventures reported Adjusted EBITDA  of $427 million in 3Q24, a gain of 32% YoY, supported by steady volumes, improving industry spreads, and the company’s unstinting focus on optimizing assets and reducing fixed costs. The quarter marks Indorama Ventures’ first YOY improvement for the year, with all three business segments recording earnings growth, following a prolonged industry downcycle marked by customer destocking and suppressed margins. Volumes remained steady for the Combined PET and Fibers segments, while Indovinya posted a robust performance amid a peak season in the Crop Solutions market.

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, posted a marked improvement in quarterly performance as the chemical industry struggles to recover from a prolonged downturn and the company’s management executes their 3 year IVL 2.0 strategy to enhance competitiveness and drive efficiencies.

Indorama Ventures reported Adjusted EBITDA  of $427 million in 3Q24, a gain of 32% YoY, supported by steady volumes, improving industry spreads, and the company’s unstinting focus on optimizing assets and reducing fixed costs. The quarter marks Indorama Ventures’ first YOY improvement for the year, with all three business segments recording earnings growth, following a prolonged industry downcycle marked by customer destocking and suppressed margins. Volumes remained steady for the Combined PET and Fibers segments, while Indovinya posted a robust performance amid a peak season in the Crop Solutions market.

Fibers reported Adjusted EBITDA of $48 million, a gain of 44% YoY, driven by improved industry spreads in Lifestyle and higher volumes in Mobility and Hygiene. Management is focused on reducing fixed costs and improving profitability across the entire portfolio and taking firm action to restore market share in key verticals.

Looking ahead, the global economic outlook remains uncertain amid continued inflation, geopolitical tension, and supply chain disruptions. However, throughout the downcycle, Indorama Ventures’ experienced management team has worked hard to optimize and deleverage the business under their IVL 2.0 evolved strategy to emerge stronger and drive enhanced earnings quality in a new era of sustainable profit growth. In 3Q24, this unrelenting focus delivered fixed-cost savings of $19 million, which will sequentially increase into next year as the benefits are fully realized. Operating rates for the group increased to 82% in the quarter—from 69% previously—as the company completed its planned optimization program for CPET and Indovinya, with Fibers under implementation.

The company’s digital transformation program is accelerating according to schedule following the implementation of the SAP S/4HANA ERP platform as a digital core. North America is already benefiting from an AI-based procurement solution, while the Connected Worker Platform is driving manufacturing excellence. The first sales and supply chain solutions are expected to go-live early next year.

Source:

Indorama Ventures Public Company Limited

10.11.2024

SGL Carbon: Business Report 3Q

Weak demand in some of their customer markets is increasingly hindering SGL Carbon's sales growth. After nine months in 2024, SGL Carbon generated sales of €781.9 million, which was slightly below the prior-year level at minus 4.8% (9M 2023: €821.7 million). Adjusted for currency and structural effects, Group sales decreased by 3.6%. Adjusted EBITDA, an important key figure for the Group, remained at a comparable level of €127.6 million in the reporting period (9M 2023: €130.0 million). Despite the slight decrease in sales, the adjusted EBITDA margin improved from 15.4% in Q1 and 16.7% in Q2 to 16.9% in Q3 and amounted to 16.3% after nine months (9M 2023: 15.8%). The reasons for the improved adjusted EBITDA margin are, in particular, product mix effects in the Graphite Solutions and Process Technology business units. By contrast, the ongoing weakness in demand and the associated price pressure for carbon and textile fiber products in the Carbon Fibers business unit continued to weigh on the Group's sales and earnings development.

Weak demand in some of their customer markets is increasingly hindering SGL Carbon's sales growth. After nine months in 2024, SGL Carbon generated sales of €781.9 million, which was slightly below the prior-year level at minus 4.8% (9M 2023: €821.7 million). Adjusted for currency and structural effects, Group sales decreased by 3.6%. Adjusted EBITDA, an important key figure for the Group, remained at a comparable level of €127.6 million in the reporting period (9M 2023: €130.0 million). Despite the slight decrease in sales, the adjusted EBITDA margin improved from 15.4% in Q1 and 16.7% in Q2 to 16.9% in Q3 and amounted to 16.3% after nine months (9M 2023: 15.8%). The reasons for the improved adjusted EBITDA margin are, in particular, product mix effects in the Graphite Solutions and Process Technology business units. By contrast, the ongoing weakness in demand and the associated price pressure for carbon and textile fiber products in the Carbon Fibers business unit continued to weigh on the Group's sales and earnings development.

“Even with our diversified product portfolio, we can no longer completely withdraw from the generally weak economic environment. In addition, there was a decline in demand for specialty graphite products for the semiconductor industry in the third quarter. In particular, our products for the manufacture of silicon carbide-based semiconductors are suffering from the restrained demand for electric vehicles on the customer side,” explains CEO Dr. Torsten Derr. “While the last 18 months were characterized by enormous demand for silicon carbide semiconductors and insufficient production capacities, the market has cooled down significantly. Due to a lack of demand from the automotive industry, our semiconductor customers have significantly reduced order volumes. We do not expect to see a significant upturn in demand for our specialty graphite products until the sales figures for electric vehicles pick up again.”

Based on the adjusted EBITDA of €127.6 million and taking into account depreciation and amortization of €41.0 million (9M 2023: €43.3 million) and one-off effects as well as non-recurring items of minus €18.3 million (9M 2023: minus €47.2 million), EBIT after nine months of 2024 will be €68.3 million (9M 2023: €39.5 million). The one-off effects and non-recurring items result, among other things, from the restructuring measures at Carbon Fibers and the Battery Solutions business line as well as from expenses for a strategy project. When comparing with the previous year, it should be noted that the first nine months of 2023 were disproportionately affected by an impairment loss on the assets of Carbon Fibers (€44.7 million).

Development of the business units
The Carbon Fibers business unit's sales for the first nine months of 2024 amounted to €157.1 million, significantly below the figure of €179.6 million for the prior-year period. The decline is due in particular to the continued weak demand from the wind industry and to the increasing competitive pressure resulting from global overcapacities for carbon and textile fibers.

Idle production capacities and the associated lack of fixed cost absorption as well as declining margins for commodity products led to a further deterioration in the adjusted EBITDA of the Carbon Fibers. The adjusted EBITDA of the Carbon Fibers business unit fell to minus €7.9 million in the first nine months of 2024 (9M 2023: €3.2 million). It should be noted that the adjusted EBITDA of the Carbon Fibers business unit includes an earnings contribution of €11.6 million from the joint venture BSCCB, which is accounted for At-Equity (9M 2023: €14.1 million). Excluding this contribution from the At-Equity accounted BSCCB, the adjusted EBITDA of Carbon Fibers would have been minus €19.6 million (9M 2023: minus €10.5 million).

SGL Carbon assumes that demand for carbon fibers will not recover in the coming months and that the realizable prices for these products will remain at a low level beyond 2025. Therefore, SGL Carbon anticipates that the expected improvement in sales and earnings for the Carbon Fibers segment will be delayed and is revising its existing mid-term planning for this segment. Due to the expected deviation, an ad hoc impairment test is currently being carried out. This indicates a non-cash impairment charge of €60–80 million, which will be recognized in Q4 2024. The structured transaction process initiated for Carbon Fibers is still ongoing.

Sales in the Composite Solutions business unit amounted to €95.8 million in the first nine months of 2024, down 16.2% (9M 2023: €114.3 million). The decline is due in particular to the early termination of a project-related supply contract with an automotive customer. Furthermore, the lower sales figures for electric vehicles are also having an impact on Composite Solutions.

Adjusted EBITDA in Composite Solutions fell from €16.6 million in the prior-year period to €10.7 million (minus 35.5%), due in particular to lower volumes. The adjusted EBITDA margin weakened accordingly to 11.2% (9M 2023: 14.5%).

Outlook
Macroeconomic conditions, lower than expected sales volumes in some customer groups and price pressure for commodity products are increasingly hindering SGL Carbon's growth ambitions. Thomas Dippold, CFO of SGL Carbon, explains: “Due to the diverse and diversified industrial applications of our products and our strict cost management, we continue to expect to achieve our guidance for 2024 at the lower end of the range of €160–170 million. The coming months will not be easier. We need to prepare for a flat demand development in some of our sales markets.”

More information:
SGL Carbon business report
Source:

SGL Carbon SE

24.10.2024

SGL Carbon SE: Impairment in the Carbon Fibers business unit

With the publication of the half-yearly figures for 2024, SGL Carbon already announced that the company expects to achieve its adjusted EBITDA guidance for fiscal year 2024 at the lower end of the range of €160 to 170 million. Based on the preliminary figures for the first nine months of the fiscal year 2024, SGL Carbon confirms this statement.

With the publication of the half-yearly figures for 2024, SGL Carbon already announced that the company expects to achieve its adjusted EBITDA guidance for fiscal year 2024 at the lower end of the range of €160 to 170 million. Based on the preliminary figures for the first nine months of the fiscal year 2024, SGL Carbon confirms this statement.

According to preliminary figures, Group sales of SGL Carbon for the first nine months of fiscal year 2024 decreased by 4.8% year on year to €781.9 million (9M 2023: €821.7 million). Preliminary adjusted EBITDA, on the other hand, remained at a comparable level to the prior-year period, at €127.6 million (9M 2023: €130.0 million). Despite the slight sales decline, the adjusted EBITDA margin improved to 16.3% after nine months in 2024 (9M 2023: 15.8%). The reasons for the improved adjusted EBITDA margin are, in particular, product mix effects in the Graphite Solutions and Process Technology business units. By contrast, the ongoing weakness in demand for carbon and textile fiber products in the Carbon Fibers business unit and the early termination of a customer contract at Composite Solutions weighed on the Group's sales and earnings development.

The business unit Carbon Fibers manufactures carbon and textile fibers for the wind and automotive industries as well as various industrial applications. As expected by the Company for the fiscal year 2024, demand for carbon fibers from the wind and automotive industries remains weak. In addition, there is increasing competitive and price pressure due to global overcapacity for both carbon fibers and textile fibers. The company does not expect demand to recover in the coming months and the realizable prices for these products will remain at a low level beyond 2025. Furthermore, SGL Carbon expects that the anticipated improvement in sales and earnings for the Carbon Fibers business unit will be delayed and is revising its existing medium-term planning for Carbon Fibers.

Due to the associated expected deviation an event-driven impairment test is currently being carried out. This indicates a non-cash impairment charge of €60–80 million, which will be recorded in the fourth quarter of 2024. The impairment relates exclusively to Carbon Fibers; the operating business of the other business units is not affected.

SGL Carbon's equity ratio after the impairment is approx. 40% (September 30, 2024: 43.3% according to preliminary figures).

The review of all strategic options for the Carbon Fibers business unit, which was announced by SGL Carbon on February 23, 2024, and has already begun, remains unaffected by the impairment and is currently continuing.

17.10.2024

PERFORMANCE DAYS honors innovations

When PERFORMANCE DAYS opens its doors on October 23 and 24, 2024, in Halls A1 and A2 at the Messe München exhibition grounds, visitors will once again find fabric innovations for Fall/Winter 2026 across the segments of performance wear, footwear, accessories, and, for the first time, bodywear. The jury, composed of renowned industry experts, reviewed the latest fabrics for the 2026 season in the Trend, Footwear, and Bodywear Forum, looking for outstanding innovations. A total of one Performance Award and one Eco Performance Award were presented.

When PERFORMANCE DAYS opens its doors on October 23 and 24, 2024, in Halls A1 and A2 at the Messe München exhibition grounds, visitors will once again find fabric innovations for Fall/Winter 2026 across the segments of performance wear, footwear, accessories, and, for the first time, bodywear. The jury, composed of renowned industry experts, reviewed the latest fabrics for the 2026 season in the Trend, Footwear, and Bodywear Forum, looking for outstanding innovations. A total of one Performance Award and one Eco Performance Award were presented.

PERFORMANCE DAYS continues to deliver plenty of highlights and innovations in technical fibers and materials in the Trend Forum at the winter exhibition. Since Fall 2023, the event has also focused on the footwear segment, summarizing the latest trends and news in the dedicated Footwear Forum. Starting in October 2024, the organizers will introduce a new Bodywear Collective, complete with a corresponding Trend Forum. In close collaboration with the London Contour Experts and designer and industry expert Nichole de Carle, PERFORMANCE DAYS will feature a Trend Forum dedicated to underwear, shapewear, bras & leggings, yoga in motion, and swimwear.

The expert jury, led by Marco Weichert, CEO of PERFORMANCE DAYS, Jury Head Alexa Dehmel, and guest jurors Regina Goller, a textile expert with experience in sustainable functional fabrics at companies like Odlo, Puma, and Jack Wolfskin, as well as Stephan Prinz, Account Manager Germany at Klopman, praised the quality, sustainability approaches, and high level of innovation in the submissions. The jury awarded one Performance Award (Bodywear) and one Eco Performance Award (Apparel).

The winners are: A. Sampaio & Filhos – Têxteis SA & Penn Textile Solutions GmbH/Penn Italia SRL
For the Fall/Winter 2026 season, the jury selected three awards for outstanding fabrics.

Alongside the Eco Performance Award, which went to A. Sampaio & Filhos – Têxteis SA for the article “69222/Colorful chemistry featuring holistic farming,” one Performance Award
was also presented for the first time in the bodywear segment: Penn Textile Solutions GmbH/Penn Italia SRL made their debut in the Bodywear Forum with "13949.

ECO PERFORMANCE AWARD: A. Sampaio & Filhos – Têxteis SA / Article “69222 - Colorful Chemistry Featuring Holistic Farming”
In collaboration with Good Earth Cotton, this project focuses on sustainable farming practices to reduce the environmental impact of cotton while improving soil health, paving the way for a carbon-neutral future. The supplier is also exploring innovations with organic cotton grown using regenerative farming methods, expanding the scope for future eco-friendly concepts. Additionally, the fabric is dyed using biological dyes—an innovative technique where natural bacteria produce pigments that bond efficiently with the fabric a low temperatures without the use of petrochemicals. The fabric is available in pink and
sand.

Jury Statement: “This fabric takes this year’s focus topic to the next level! A. Sampaio & Filhos – Têxteis SA’s fabric innovation showcases the future of dyeing with microorganisms. Textile dyeing with living organisms is a sustainable and resource-efficient method that requires no harmful chemicals. Additionally, the fabric, made from 100% organic cotton, excels in performance due to an innovative body-mapping concept that provides optimal support during wear.”

PERFORMANCE AWARD: Penn Textile Solutions GmbH / Penn Italia SRL / Article “13949” This fabric, composed of 68% recycled polyamide and 32% ROICA, with a weight of 290 grams, is perfect for baselayer construction. It can be customized with the brand’s own design, featuring open structures and a 3D effect for added texture. Despite its structure, the fabric has an incredibly soft touch, ensuring maximum comfort during wear. Jury Statement: “Penn Textiles was a popular vote, an award worthy of the jury. The fabric has a combination of high density opaque areas with lighter breathable panels. A superior choice for the Bodywear Category because of its customisable 3D design aesthetic, printable qualities and second skin super soft touch. The fabric blend of Roica yarn and recycled PA has many admirable qualities for next to skin, including anti-odor, quick dry and outstanding stretch and recovery to adapt to the body shape. Fabric, with a perfect fit for body contouring products including leggings, underwear and light support shapewear.”

More information:
Performance Award
Source:

Performance Days

15.10.2024

The Italian Textile Machinery Industry at ITMA ASIA + CITME 2024

About 50 Italian companies will exhibit at ITMA ASIA + CITME 2024, taking place from October 14 to 18 in Shanghai. With an area of around 1,400 square meters, Italy ranks among the top exhibiting Countries, as in previous editions. 29 Italian exhibitors will show their innovations within the National Sector Groups, organized by ACIMIT (Association of Italian Textile Machinery Manufacturers) and Italian Trade Agency.

ITMA ASIA + CITME show has always been the main showcase for textile machinery manufacturers in Asia, that absorbs over 50% of global exports. Moreover, China is the world’s largest market in the sector (the value of imported textile machinery in 2023 was around 2.6 billion euro).

For Italian manufacturers as well, the Chinese market is the top foreign destination. In 2023, Italian sales to China amounted to 222 million euro. In the first six months of this year, exports to China increased by 38%, while the performance of total Italian exports declined slightly in the same period.

About 50 Italian companies will exhibit at ITMA ASIA + CITME 2024, taking place from October 14 to 18 in Shanghai. With an area of around 1,400 square meters, Italy ranks among the top exhibiting Countries, as in previous editions. 29 Italian exhibitors will show their innovations within the National Sector Groups, organized by ACIMIT (Association of Italian Textile Machinery Manufacturers) and Italian Trade Agency.

ITMA ASIA + CITME show has always been the main showcase for textile machinery manufacturers in Asia, that absorbs over 50% of global exports. Moreover, China is the world’s largest market in the sector (the value of imported textile machinery in 2023 was around 2.6 billion euro).

For Italian manufacturers as well, the Chinese market is the top foreign destination. In 2023, Italian sales to China amounted to 222 million euro. In the first six months of this year, exports to China increased by 38%, while the performance of total Italian exports declined slightly in the same period.

“We hope that the recovery of the Chinese market, observed in this first half of the year, may be an early indication of a more general upturn in global demand for machinery,” says ACIMIT President Marco Salvadè. Over the past few years, demand from Chinese companies has turned to technologies that combine savings in production costs and environmental friendliness, as also demanded by brands and end consumers. “Today, Italian manufacturers can offer highly customized solutions that are particularly suited to making textile production more sustainable,” confirms Salvadè. “The Chinese textile machinery market is rapidly evolving, and the level of innovation in the technology requested has risen due to the growing international competition that even Chinese companies face. In Shanghai, Italian manufacturers will display their latest innovations, essential for making textile production more efficient and sustainable.”

 

Source:

Association of Italian Textile Machinery Manufacturers

Graphic LM Wind Power
14.10.2024

Wind Turbine Blade Recycling: ZEBRA Project Demonstrates Closed-Loop System

The ZEBRA (Zero wastE Blade ReseArch) project marks a significant leap forward in the recycling and circular economy for wind turbine blades. This collaborative effort demonstrates a breakthrough in the complete recycling of thermoplastic blades achieving significant environmental and economic benefits.

The ZEBRA project is a unique partnership led by the French Institute for Technological Research, IRT Jules Verne. Joining forces are industry leaders Arkema (resin supplier), Owens Corning (glass fiber supplier), LM Wind Power (blade manufacturer), SUEZ (dismantling and waste processing), CANOE R&D center (recycling technology), and ENGIE (life cycle analysis).

Each company played a crucial role in the development of the closed-loop recycling process:

The ZEBRA (Zero wastE Blade ReseArch) project marks a significant leap forward in the recycling and circular economy for wind turbine blades. This collaborative effort demonstrates a breakthrough in the complete recycling of thermoplastic blades achieving significant environmental and economic benefits.

The ZEBRA project is a unique partnership led by the French Institute for Technological Research, IRT Jules Verne. Joining forces are industry leaders Arkema (resin supplier), Owens Corning (glass fiber supplier), LM Wind Power (blade manufacturer), SUEZ (dismantling and waste processing), CANOE R&D center (recycling technology), and ENGIE (life cycle analysis).

Each company played a crucial role in the development of the closed-loop recycling process:

  • Arkema developed and validated the generation of recycled Elium® monomer through thermolysis, and, together with its subsidiary Bostik, an innovative adhesive for the blade assembly that is recycled together with Elium® paving the way for industrial-scale implementation.
  • Owens Corning successfully recovered glass fiber at pilot scale, enabling its reintroduction into the production process for their Sustaina® product line.
  • LM Wind Power manufactured two wind turbine blades with Arkema’s Elium® resin and Owens Corning’s Ultrablade® fabrics; one blade including a large structural element made with recycled Elium® resin.
  • SUEZ provided cutting and grinding expertise for processing the blades.
  • CANOE R&D center optimized recycling for production and carbon blade waste, additionally developing methods for repurposing waste streams through mechanical recycling.
  • ENGIE conducted a comprehensive life cycle analysis demonstrating the environmental benefits of closed-loop ZEBRA blades and validated their economic viability.

A Sustainable Future for Wind Energy
The ZEBRA project successfully recycled Elium® resin and Ultrablade® fabrics from wind turbine blades and manufacturing waste, reformulating them back into usable materials. This closed-loop process addresses the growing challenge of end-of-life blade management within the wind energy industry.

  • Recycled Elium® Monomer: Arkema achieved a yield of over 75% in the thermolysis process, paving the way for industrial-scale production of recycled resin.
  • Recovered Glass Fiber: Owens Corning successfully retrieved glass fiber for remelting and reintegration into their Sustaina® product line.
  • Life Cycle and Cost Analysis: ENGIE's study confirmed the significant environmental benefits and economic viability of ZEBRA blades when assuming a closed-loop recycling system from production to end-of-life.

ZEBRA blade using Elium® thermoplastic resin, Bostik’s highly compatible adhesive and Ultrablade® fabrics is bringing the best closed-loop recycling solution compared to traditional thermoset system. The operating cost and investments for recycling facility are significantly lowered. The CO2 emission linked to the recycling operations is reduced as well. All those results are making the closed-loop recycling solution of ZEBRA blades a viable option both on economic and environmental standpoints.

By demonstrating the feasibility of full wind turbine blade recycling, the ZEBRA project paves the way for a more sustainable future in the wind energy sector.

Source:

LM Wind Power

03.10.2024

Italian textile machinery industry at ITMA ASIA + CITME 2024

About 50 Italian companies will exhibit at ITMA ASIA + CITME 2024, taking place from October 14 to 18 in Shanghai. With an area of around 1,400 square meters, Italy ranks among the top exhibiting countries, as in previous editions. 29 Italian exhibitors will show their innovations within the National Sector Groups, organized by ACIMIT (Association of Italian Textile Machinery Manufacturers) and Italian Trade Agency.

ITMA ASIA + CITME show has always been the main showcase for textile machinery manufacturers in Asia, that absorbs over 50% of global exports. Moreover China is the world’s largest market in the sector (the value of imported textile machinery in 2023 was around 2.6 billion euro).

For Italian manufacturers as well, the Chinese market is the top foreign destination. In 2023, Italian sales to China amounted to 222 million euro. In the first six months of this year, exports to China increased by 38%, while the performance of total Italian exports declined slightly in the same period.

About 50 Italian companies will exhibit at ITMA ASIA + CITME 2024, taking place from October 14 to 18 in Shanghai. With an area of around 1,400 square meters, Italy ranks among the top exhibiting countries, as in previous editions. 29 Italian exhibitors will show their innovations within the National Sector Groups, organized by ACIMIT (Association of Italian Textile Machinery Manufacturers) and Italian Trade Agency.

ITMA ASIA + CITME show has always been the main showcase for textile machinery manufacturers in Asia, that absorbs over 50% of global exports. Moreover China is the world’s largest market in the sector (the value of imported textile machinery in 2023 was around 2.6 billion euro).

For Italian manufacturers as well, the Chinese market is the top foreign destination. In 2023, Italian sales to China amounted to 222 million euro. In the first six months of this year, exports to China increased by 38%, while the performance of total Italian exports declined slightly in the same period.

“We hope that the recovery of the Chinese market, observed in this first half of the year, may be an early indication of a more general upturn in global demand for machinery,” says ACIMIT President Marco Salvadè. Over the past few years, demand from Chinese companies has turned to technologies that combine savings in production costs and environmental friendliness, as also demanded by brands and end consumers. “Today, Italian manufacturers can offer highly customized solutions that are particularly suited to making textile production more sustainable,” confirms Salvadè. “The Chinese textile machinery market is rapidly evolving, and the level of innovation in the technology requested has risen due to the growing international competition that even Chinese companies face. In Shanghai, Italian manufacturers will display their latest innovations, essential for making textile production more efficient and sustainable.”

More information:
ITMA Asia + CITME ACIMIT
Source:

ACIMIT

25.09.2024

Kelheim Fibres Achieves the Highest Level in the ZDHC MMCF Module

The Bavarian specialist for viscose fibres, Kelheim Fibres, is reinforcing its commitment to the "Roadmap to Zero" initiative of the non-profit organization ZDHC, which aims to eliminate hazardous substances throughout the entire textile value chain.

In this context, Kelheim Fibres has recently successfully completed the ZDHC MMCF Guideline module, achieving the highest level, "Aspirational." This module, established in 2024, assesses manufacturers of Man-Made Cellulosic Fibres (MMCF) for their compliance with the guideline through independent third-party audits.

Advanced environmental management is the foundation of this success, with a particular focus on reducing water and air pollution in the MMCF production process and improving chemical recovery.

The Bavarian specialist for viscose fibres, Kelheim Fibres, is reinforcing its commitment to the "Roadmap to Zero" initiative of the non-profit organization ZDHC, which aims to eliminate hazardous substances throughout the entire textile value chain.

In this context, Kelheim Fibres has recently successfully completed the ZDHC MMCF Guideline module, achieving the highest level, "Aspirational." This module, established in 2024, assesses manufacturers of Man-Made Cellulosic Fibres (MMCF) for their compliance with the guideline through independent third-party audits.

Advanced environmental management is the foundation of this success, with a particular focus on reducing water and air pollution in the MMCF production process and improving chemical recovery.

Theresa Schreiner, Environmental Engineer at Kelheim Fibres, said: " Achieving the highest level, 'Aspirational,' in the ZDHC MMCF Module right from the start confirms that we are on the right path toward an even more sustainable, eco-friendly viscose fibre. Our efforts and investments over the past years are bearing fruit and can be substantiated with concrete data. As part of our environmental management system EMAS, we continue our work to continuously improve our environmental performance and to maintain our leading role in eco-friendly fibre production in the future."

More information:
Kelheim Fibres ZDHC viscose fibers
Source:

Kelheim Fibres

Freudenberg Apparel´s Film Bonding series product in tape form. © Freudenberg Performance Materials
Freudenberg Apparel´s Film Bonding series product in tape form.
12.09.2024

Freudenberg: New Film Bonding series for sew-free garments

Freudenberg Performance Materials Apparel (Freudenberg Apparel) introduces the innovative Film Bonding series. This new line of solutions is expertly designed for advanced sew-free bonding applications, enhancing the manufacturing process with modern efficiency and precision. In conjunction with this launch, Freudenberg Apparel is expanding its Net Bonding and Dot Bonding series, further broadening its range of seamless adhesive solutions to cater to the specific demands of the Stretch Active, Intimate, and Athleisure wear segments.

Freudenberg Apparel's Film Bonding series features a film structure with a high-quality adhesive, delivering robust shear bond and recovery. This enables garments to conform to the body's shape while retaining their shape and integrity after stretching, significantly improving durability and wearer comfort. By eliminating bulky seams, the Film Bonding series also provides a clean, smooth finish to fabric surfaces.

Freudenberg Performance Materials Apparel (Freudenberg Apparel) introduces the innovative Film Bonding series. This new line of solutions is expertly designed for advanced sew-free bonding applications, enhancing the manufacturing process with modern efficiency and precision. In conjunction with this launch, Freudenberg Apparel is expanding its Net Bonding and Dot Bonding series, further broadening its range of seamless adhesive solutions to cater to the specific demands of the Stretch Active, Intimate, and Athleisure wear segments.

Freudenberg Apparel's Film Bonding series features a film structure with a high-quality adhesive, delivering robust shear bond and recovery. This enables garments to conform to the body's shape while retaining their shape and integrity after stretching, significantly improving durability and wearer comfort. By eliminating bulky seams, the Film Bonding series also provides a clean, smooth finish to fabric surfaces.

Available in tape form, Freudenberg Apparel's Film Bonding solutions accommodate a wide range of weight requirements from 90 to 220 g/m², including thin options under 80µm. The series offers an array of TPE and TPU variants with varying softness levels from medium to very soft, reducing reliance on traditional stitching and making them ideal for various applications, including stitch-free seam bonding on briefs, bras, vests, and leggings.

Complementing the Film Bonding series, Freudenberg has introduced an innovative oval net structure to its TPE polymer adhesive Net Bonding series. This new structure, in addition to the existing Diamond and Hexagon patterns, offers a diverse selection of net structures suitable for a wide array of applications. The expanded weight range of 50-240 g/m² for the Net Bonding solutions provides versatility for creating breathable, elastic, and well-controlled garments in leggings, sports bras, and intimate apparel.

Source:

Freudenberg Performance Materials Holding GmbH

Neste expands chemical recycling logistics infrastructure (c) Neste
Installation of new unloading arm for liquefied recycled raw materials at Neste Porvoo refinery harbor, Finland.
20.08.2024

Neste expands chemical recycling logistics infrastructure

Neste is expanding its logistics infrastructure for liquefied recycled raw materials at its refinery in Porvoo, Finland, including materials such as liquefied waste plastic and liquefied rubber tires. This lays the foundation to handling larger amounts of liquefied raw materials to support Neste’s strategic aims to advance chemical recycling and transform the Porvoo refinery into a renewable and circular solutions hub.

The new logistics installations comprise dedicated unloading facilities: At the refinery’s harbor, Neste is building an unloading arm with a heating system as well as pipelines to connect the harbor with dedicated storage tanks. Unlike regular crude oil, liquefied waste plastic or discarded rubber tires require heating to stay liquid. At the same time, the systems need to come with higher resistance to corrosion. In addition to the unloading arm and pipelines, Neste is also building a vapor recovery unit, contributing to emission control of the operations.

Neste is expanding its logistics infrastructure for liquefied recycled raw materials at its refinery in Porvoo, Finland, including materials such as liquefied waste plastic and liquefied rubber tires. This lays the foundation to handling larger amounts of liquefied raw materials to support Neste’s strategic aims to advance chemical recycling and transform the Porvoo refinery into a renewable and circular solutions hub.

The new logistics installations comprise dedicated unloading facilities: At the refinery’s harbor, Neste is building an unloading arm with a heating system as well as pipelines to connect the harbor with dedicated storage tanks. Unlike regular crude oil, liquefied waste plastic or discarded rubber tires require heating to stay liquid. At the same time, the systems need to come with higher resistance to corrosion. In addition to the unloading arm and pipelines, Neste is also building a vapor recovery unit, contributing to emission control of the operations.

The new logistics infrastructure is expected to be completed in 2024. It will, therefore, be available when Neste finishes construction of its liquefied waste plastic upgrading unit at the Porvoo refinery, which is currently being built as part of the project PULSE, planned to be finalized during 2025. At the upgrading unit, the liquefied raw materials are turned into high-quality feedstock for the plastics and chemicals industry.

Source:

Neste

Graphic by TBI
14.08.2024

Controlled biodegradation of PLA by incorporation of an optimized enzyme

The Toulouse Biotechnology Institute (TBI), a joint INSA Toulouse/ INRAE/ CNRS research unit, and Carbios, a French green chemistry company pioneering the world of bioplasturgy, presented a study entitled ”An engineered enzyme embedded into PLA to make self-biodegradable plastic”. This study reinforces Carbios and TBI's pioneering work in the field of enzymatic degradation of plastics.

The work describes the engineering strategies deployed to ensure the development of an enzyme capable of biologically depolymerizing polylactic acid (PLA)-based plastic materials over a wide temperature and pH range, reflecting the natural variations found in the life cycle of domestic compost.

The Toulouse Biotechnology Institute (TBI), a joint INSA Toulouse/ INRAE/ CNRS research unit, and Carbios, a French green chemistry company pioneering the world of bioplasturgy, presented a study entitled ”An engineered enzyme embedded into PLA to make self-biodegradable plastic”. This study reinforces Carbios and TBI's pioneering work in the field of enzymatic degradation of plastics.

The work describes the engineering strategies deployed to ensure the development of an enzyme capable of biologically depolymerizing polylactic acid (PLA)-based plastic materials over a wide temperature and pH range, reflecting the natural variations found in the life cycle of domestic compost.

It also describes the methodologies and challenges involved in obtaining homogeneous incorporation of the enzyme into PLA films at high temperatures (170°C), while retaining sufficient activity to enable the plastic produced to degrade completely and rapidly under domestic and industrial composting conditions, as well as in anaerobic digestion (methanization). It highlights the optimization process used to obtain an enzyme capable of withstanding the 170°C required to melt it into PLA by extrusion. The new enzymatic material is shown to disintegrate and biodegrade at a much faster rate than the 26 weeks required for certification for use in home composting, and also to help produce more biomethane, another source of waste recovery. It is also stated that the enzymatic material remains intact during long-term storage, and that its degradation will only be activated when transferred to composting or methanization conditions, thus guaranteeing its compatibility with PLA-based commercial applications such as flexible packaging or short-life items like food containers.

This work was mainly carried out within the INSA/Carbios PoPlaB (Polymers, Plastics and Biotechnology) cooperative laboratory at TBI and was supported by a grant for scientific research (THANAPLAST project, OSEO ISI contract number I 1206040W).

 

More information:
PLA enzymatic
Source:

Toulouse Biotechnology Institute (TBI)

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

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

Cooperation between CARBIOS and Nouvelles Fibres Textiles (c) CARBIOS
(L-R) Emmanuel Ladent (CEO, CARBIOS), Eric Boël (Co-director of Nouvelles Fibres Textiles) and Mathieu Berthoud (Strategic Sourcing Director, CARBIOS)
26.07.2024

Cooperation between CARBIOS and Nouvelles Fibres Textiles

CARBIOS and Nouvelles Fibres Textiles, a French company specializing in the recovery of end-of-life textiles, announce the signing of a Memorandum of Understanding to establish a contract for the supply of polyester textiles to the world's first PET biorecycling plant currently under construction in Longlaville, France. The polyester textiles supplied will come from used or end-of-life textiles prepared in France by Nouvelles Fibres Textiles for recycling using CARBIOS' enzymatic depolymerization technology. This contract will enable 5,000 tons a year of these textiles to be redirected towards biorecycling from 2026 onwards, over an initial 5-year period, demonstrating the commitment of industrial players all along the value chain to achieving textile circularity for a more sustainable textile sector.

CARBIOS and Nouvelles Fibres Textiles, a French company specializing in the recovery of end-of-life textiles, announce the signing of a Memorandum of Understanding to establish a contract for the supply of polyester textiles to the world's first PET biorecycling plant currently under construction in Longlaville, France. The polyester textiles supplied will come from used or end-of-life textiles prepared in France by Nouvelles Fibres Textiles for recycling using CARBIOS' enzymatic depolymerization technology. This contract will enable 5,000 tons a year of these textiles to be redirected towards biorecycling from 2026 onwards, over an initial 5-year period, demonstrating the commitment of industrial players all along the value chain to achieving textile circularity for a more sustainable textile sector.

Nouvelles Fibres Textiles and its various partners opened a semi-industrial site with an annual capacity of 1,000 tons in November 2023, the first step towards building a 20,000-to-30,000-ton unit in 2026. This first site, a research center for textile recycling, combines the know-how of Andritz Laroche (a leader in textile recycling), Pellenc ST (French leader in intelligent sorting solutions), Synergie TLC (a French player in collection and first sorting for solidarity) and the Tissages de Charlieu group (a French player in weaving, garment manufacturing and textile recycling). This unit transforms used textiles into high-quality raw materials, supplying the various industries that use textile fibers (non-wovens, insulation, plastic, textiles, etc.) by automatically sorting them by composition, while eliminating hard points (buttons, zips, patches, etc.).

CARBIOS' biorecycling technology uses enzymes to break down polyester fibers into their basic components. These components are then used to produce high-quality recycled PET materials, such as fibers for the textile industry. This “fiber-to-fiber” solution will enable polyester to become a truly circular fiber on a large scale.

Source:

CARBIOS

24.07.2024

German Pavilion returning to Cinte Techtextil China

The German Pavilion is confirmed to return from 19 – 21 September at the Shanghai New International Expo Centre. For the first time since borders reopened, industry leaders gathering under the banner will bolster the fair’s innovation and sustainability with a comprehensive showcase, from raw materials to machinery, complemented by diversified fringe events across the fairground.

Located in a prime area of the International Hall, the German Pavilion is set to draw crowds with its reputable products and technology. Assembling under the pavilion this year will be some new and returning German exhibitors, having made their names in the sub-categories of automotive nonwovens, industrial-use monofilaments, weaving machinery, and many more. After confirming their participation, Hansa Industrie-Mixer, J.H. Ziegler Nonwovens and New Materials, Lindauer Dornier, Monosuisse, and Perlon will showcase their expertise together with other highlighted exhibitors, including:

The German Pavilion is confirmed to return from 19 – 21 September at the Shanghai New International Expo Centre. For the first time since borders reopened, industry leaders gathering under the banner will bolster the fair’s innovation and sustainability with a comprehensive showcase, from raw materials to machinery, complemented by diversified fringe events across the fairground.

Located in a prime area of the International Hall, the German Pavilion is set to draw crowds with its reputable products and technology. Assembling under the pavilion this year will be some new and returning German exhibitors, having made their names in the sub-categories of automotive nonwovens, industrial-use monofilaments, weaving machinery, and many more. After confirming their participation, Hansa Industrie-Mixer, J.H. Ziegler Nonwovens and New Materials, Lindauer Dornier, Monosuisse, and Perlon will showcase their expertise together with other highlighted exhibitors, including:

  • Autefa Solutions – A full-service provider for turnkey nonwoven lines and machines, the company offers machines for fibre opening and blending, carding, crosslapping, needle punching, spunlace, thermobonding, amongst others. At the fair, the company will showcase technology spanning 10 application areas.
  • Emtec Electronic – The company develops specialised test devices for the nonwoven and textile industries. An innovation said to quantify handfeel, its TSA Tactile Sensation Analyzer objectively measures the softness, smoothness and stiffness of textiles and nonwovens, as well as their recovery and elongation.
  • Neuenhauser Group – The Neuenhauser Textile division provides fully-automated cleaning systems, transport automation solutions, winding technology, high-performance can coilers and weaving machine accessories. With decades of experience, the Group will debut at the fair with various innovative Agrotech, Buildtech, and Geotech solutions.
  • Reifenhauser Enka Tecnica – A specialised provider of spinnerets and precision components to the man-made fibre industry. The company manufactures a broad spectrum of spinnerets and spin packs for all spinning processes, as well as premium jet strips for hydro-entangling with extra-long service life.
  • Reifenhauser Reicofil – A well-known provider of spunbond, meltblown and composite lines for nonwoven applications in the hygiene, medical, filtration and industrial sectors. Offering a wide range of machinery at the show, the company is developing technical solutions for sophisticated and sustainable applications, with a strong focus on machine intelligence and energy efficiency.

New fringe events to further advocate innovation and sustainability
At this year’s fair, AiDLab[1] will present its AI-based Textile Inspection System (AiTIS). A world first, AiTIS automatically and accurately detects material defects in nonwovens (especially for mask making), and various textiles, reflecting the collaborative efforts of AiDLab and a Hong Kong healthcare brand. At the event, Professor Calvin Wong, CEO & Centre Director of AiDLab, will introduce the system. This will be followed by a panel discussion and Q&A session with independent consultant Mr Eric Sham and moderated by AiDLab’s Mr Barry Tai, including insights on how advanced technology is reshaping the textile industry landscape.

Going beyond innovation, the fringe programme will also for the first time include Econogy Talks[2] and sustainability tours to reflect Messe Frankfurt’s commitment to a sustainable future. Fairgoers can also visit the Innovation Showcase Area for outstanding industry achievements, with the focus this year on cutting-edge technology, green development and high-end applications. Product submission is now open. Contact us to submit your products, or register here for your visitor badge.

The fair’s product categories cover 12 application areas, which span a full range of potential uses in modern technical textiles and nonwovens. These categories also cover the entire industry, from upstream technology and raw materials providers to finished fabrics, chemicals and other solutions. This scope of product groups and application areas ensures that the fair is an effective business platform for the entire industry.

Cinte Techtextil China will be held from 19 – 21 September 2024.

[1] The Laboratory for Artificial Intelligence in Design, jointly established by The Hong Kong Polytechnic University and the UK’s Royal College of Art, under HKSAR government funding
[2] ‘Texpertise Econogy’ – the umbrella for Messe Frankfurt’s sustainability activities at its more than 50 textile trade shows worldwide

Source:

Messe Frankfurt (HK) Ltd

22.07.2024

Rieter: Growth in Order Intake in the First Half of 2024

  • Order intake of CHF 403.4 million in the first half of 2024, up 24% on the previous year period
  • Sales of CHF 421.0 million 44% below first half of 2023
  • Order backlog of around CHF 640 million at June 30, 2024
  • EBIT of CHF 8.9 million and net result of CHF 1.7 million
  • Significant cost reductions as a result of the “Next Level” performance program
  • Outlook for the full year 2024 specified

In the first half of 2024, the Rieter Group posted an order intake of CHF 403.4 million (first half of 2023: CHF 325.0 million), which represents a significant increase of 24% compared with the same period of the previous year. Sales were CHF 421.0 million (first half of 2023: CHF 758.2 million). As expected, this was 44% lower than the previous year.

  • Order intake of CHF 403.4 million in the first half of 2024, up 24% on the previous year period
  • Sales of CHF 421.0 million 44% below first half of 2023
  • Order backlog of around CHF 640 million at June 30, 2024
  • EBIT of CHF 8.9 million and net result of CHF 1.7 million
  • Significant cost reductions as a result of the “Next Level” performance program
  • Outlook for the full year 2024 specified

In the first half of 2024, the Rieter Group posted an order intake of CHF 403.4 million (first half of 2023: CHF 325.0 million), which represents a significant increase of 24% compared with the same period of the previous year. Sales were CHF 421.0 million (first half of 2023: CHF 758.2 million). As expected, this was 44% lower than the previous year.

In a challenging business environment, Rieter achieved an EBIT margin of 2.1% thanks to strict cost management. The systematic implementation of the “Next Level” performance program led to a strengthening of profitability. Rieter recorded a profit at the EBIT level of CHF 8.9 million in the first half of 2024 (first half of 2023: CHF 25.2 million). The reduction of the cost base particularly in research and development as well as selling and administrative expenses contributed to this positive result.

Outlook for the full year 2024 specified
The markets remained under pressure from the economic slowdown, high inflation rates and noticeably dampened consumer sentiment. The first signs of a recovery in financial year 2024 have emerged in the key markets of China and India. Rieter expects demand to pick up further in the coming months.

For the full year 2024, Rieter anticipates sales in the range of CHF 900 million to CHF 1 billion and a positive EBIT margin of 2% to 4%.

More information:
Rieter financial year 2024
Source:

Rieter AG

22.07.2024

ACIMIT: Orders for Italian textile machinery declining in Q2 2024

In the second quarter of 2024, the order index for Italian textile machinery, as reported by the Economics Department of ACIMIT – the Association of Italian Textile Machinery Manufacturers, showed a decline compared to the period 2023 April-June (-17%). In value terms, the index stood at 49.8 points (base 2021=100).

This result is completely due to the decrease recorded in foreign markets (-22%), where orders represent 86% of the total. Conversely, in Italy, there was a 25% recovery compared to the second quarter of 2023. The absolute value of the index in foreign markets was 48.8 points, while in Italy it was 57.3 points. In the second quarter, the order backlog reached 4.3 months of assured production. Additionally, ACIMIT’s survey shows that in the first six months of 2024 the utilization rate of production capacity by Italian manufacturers was 61%. This percentage is expected to rise to 64% in the second half of the year.

In the second quarter of 2024, the order index for Italian textile machinery, as reported by the Economics Department of ACIMIT – the Association of Italian Textile Machinery Manufacturers, showed a decline compared to the period 2023 April-June (-17%). In value terms, the index stood at 49.8 points (base 2021=100).

This result is completely due to the decrease recorded in foreign markets (-22%), where orders represent 86% of the total. Conversely, in Italy, there was a 25% recovery compared to the second quarter of 2023. The absolute value of the index in foreign markets was 48.8 points, while in Italy it was 57.3 points. In the second quarter, the order backlog reached 4.3 months of assured production. Additionally, ACIMIT’s survey shows that in the first six months of 2024 the utilization rate of production capacity by Italian manufacturers was 61%. This percentage is expected to rise to 64% in the second half of the year.

Marco Salvadè, president of ACIMIT, stated: “The order index for the second quarter shows a clear slowdown abroad compared to last year. This decline highlights the high uncertainty due to the difficult geopolitical situation“. The confirmation of what is indicated by the ACIMIT index also comes from Italian export figures, updated to the first quarter of 2024. Excluding China and Egypt, the main foreign markets show a general decline in demand for textile machinery, not just Italian one.

Source:

ACIMIT - Association of Italian Textile Machinery Manufacturers

Garments made with conductive threads have the potential to enhance exercise, physiotherapy and rehabilitation Photo University of Bath
Garments made with conductive threads have the potential to enhance exercise, physiotherapy and rehabilitation
22.07.2024

SeamSleeve: Tracking the effectiveness of physiotherapy at home

Everyday clothing may soon be able to capture and record body movements, according to new research published by the Universities of Bath and Bristol.

Harmless low voltages are passed through conductive threads which are stitched into garment seams to create electrical circuits. Their resistance changes with the movement of the wearer's body.
This work opens up new possibilities to make digital clothing which senses and captures movements much more accurately than is possible using current phones and smart watches.

The paper describing the new clothing concept, presented this week at the Designing Interactive Systems (DIS) conference in Copenhagen, lays the foundations for e-textile designers and clothing manufacturers to create cutting-edge garments that could enhance exercise, physiotherapy and rehabilitation.

Everyday clothing may soon be able to capture and record body movements, according to new research published by the Universities of Bath and Bristol.

Harmless low voltages are passed through conductive threads which are stitched into garment seams to create electrical circuits. Their resistance changes with the movement of the wearer's body.
This work opens up new possibilities to make digital clothing which senses and captures movements much more accurately than is possible using current phones and smart watches.

The paper describing the new clothing concept, presented this week at the Designing Interactive Systems (DIS) conference in Copenhagen, lays the foundations for e-textile designers and clothing manufacturers to create cutting-edge garments that could enhance exercise, physiotherapy and rehabilitation.

Paper co-author Dr Adwait Sharma from the Department of Computer Science at the University of Bath said: "Our research focuses on integrating technology into everyday clothing to track the effectiveness of physiotherapy exercises done at home. Doing these exercises correctly to recover from injuries is crucial, but it's difficult to know if you're doing them properly alone.
“SeamSleeve helps address this challenge by enabling physiotherapists to monitor your progress remotely. This technology could be particularly beneficial for conditions like Multiple Sclerosis, where monitoring movement is essential.”

According to Dr Sharma, current fitness trackers often don’t provide enough detail for physiotherapy. SeamSleeve is unique in that it covers the entire arm, allowing it to capture important movement data.

“We’ve successfully developed a working system based on machine learning to track 12 different arm exercises using SeamSleeve,” said Dr Sharma. “This paves the way for exciting future remote physiotherapy and exercise monitoring applications."

Professor Mike Fraser from the University of Bristol’s School of Computer Science added: "We're excited by the opportunity for clothing manufacturers to implement our designs in sleeves and other garment seams.
“We've shown that common overlocked seams in standard garment constructions can do a good job of sensing movement. The design avoids the need for a separate power source by pairing the seam with a charging coil, drawing the energy wirelessly from a mobile phone placed in the pocket.

“This means advanced motion sensing garments could be made without altering existing manufacturing processes.

"We have also shown that smartphone apps using advanced Artificial Intelligence (AI) techniques can use this movement data to match body movement to specific postures or gestures such as physiotherapeutic exercises."

Source:

University of Bath

Monforts and Uniferro join forces at Febratex 2024 (c) Monforts
15.07.2024

Monforts and Uniferro join forces at Febratex 2024

Finishing machinery specialist Monforts will exhibit at the upcoming Febratex textile machinery exhibition taking place in Blumenau, Brazil, from August 20-23, along with Uniferro, its new regional partner.

This new alliance follows the retirement of Herbert Erdmann of the service agency Euro Texteis, who has worked with Monforts over more than 30 years to secure a leading position in the region for Montex stenter dryers, Thermex dyeing ranges and associated finishing technology.

With offices in Sao Paulo and Ceara and sub-agents across Brazil, Uniferro has been active in the textile industry for over 50 years.

coaTTex
At Febratex, Monforts will introduce its latest coaTTex coating unit exclusively dedicated to air knife and knife-over-roller coating. For single-sided application with paste or foam, the versatile coater is suitable for both incorporation into existing finishing ranges as well as installation with new Monforts Montex stenter systems.

Finishing machinery specialist Monforts will exhibit at the upcoming Febratex textile machinery exhibition taking place in Blumenau, Brazil, from August 20-23, along with Uniferro, its new regional partner.

This new alliance follows the retirement of Herbert Erdmann of the service agency Euro Texteis, who has worked with Monforts over more than 30 years to secure a leading position in the region for Montex stenter dryers, Thermex dyeing ranges and associated finishing technology.

With offices in Sao Paulo and Ceara and sub-agents across Brazil, Uniferro has been active in the textile industry for over 50 years.

coaTTex
At Febratex, Monforts will introduce its latest coaTTex coating unit exclusively dedicated to air knife and knife-over-roller coating. For single-sided application with paste or foam, the versatile coater is suitable for both incorporation into existing finishing ranges as well as installation with new Monforts Montex stenter systems.

A wide range of coatings can be applied to fabrics for providing functions such as waterproofing, liquid and gas protection and breathability, in addition to foam lamination and black-out coating.

Denim hub
Brazil remains a buoyant hub for textile manufacturing with a particular stength in the denim dyeing and finishing sector and many Monforts Thermex hotflue dyeing systems are already operational in the region, reaping the benefits of the Econtrol® process.

Econtrol® is a continuous process for the dyeing of woven cotton and cellulosic fabrics, especially denim, in which reactive dyestuffs are fixed into the fabric in a one-step dyeing and drying process with a controlled combination of steam and air. The entire pad-dry process takes just two-to-three minutes.

“Differentiation is the key in the highly-competitive denim fabrics industry, whether through the successful incorporation of new fibres, accommodating new fabric constructions or exploring the many options for how to treat them at the finishing stage, to gain a market advantage,” says says Monforts Regional Sales Manager Achim Gesser. “Our lines allow users to be extremely versatile and respond quickly to market demand, while also allowing very short production runs.”

Because finishing is a particularly energy-intensive part of the textile production chain, it is exactly where convincing results can be achieved, he adds, and Monforts has developed a wide range of energy-saving. These included a range of heat recovery systems, such as the Universal Energy Tower and the ECO Booster. Both can also be retrofitted to existing ranges to make production more resource-efficient and economical, yet without having to invest in a new machine.

“Energy costs tend to be high in Brazil and can account for up to 70% of production costs for our customers, so there is great demand for ways of saving money,” says Gesser. “Cutting energy usage also helps in terms of global warming and reducing carbon footprint, of course, so these latest technologies are a win-win for fabric finishers. As we look forward to a promising partnership with Uniferro in Brazil, we would like to extend our thanks and best wishes for the future to Herbert Erdmann for his hard work over the years.”

Source:

A. Monforts Textilmaschinen GmbH & Co. KG

03.07.2024

Circ Launches Circ-Ready Community

Circ®, a US-based textile-to-textile recycling innovator, announced the launch of Circ®-Ready, an exclusive community of global supply-chain partners who have demonstrated their ability to make high-quality, better-for-the-planet solutions for fashion brands using Circ materials. The inaugural Circ-Ready partners include AGI Denim, Foshan Chicley Textile Co., Ltd., Giotex, Marubeni Corporation, MAS Holdings, PYRATEX®, Selenis, SHINJINTEX, Soorty Denimkind, Tainan Spinning Co., Ltd., and Taiwan Textile Research Institute (TTRI).

The Circ-Ready community is a selected group of partners who have a proven positive track record and commitment to working with Circ recycled products and have been individually evaluated for industry success. Circ-Ready partners work alongside the Circ team of experts to adequately test and utilize Circ fibers, exceeding quality standards from end to end. To promote transparency and ensure the integrity of Circ products, each Circ-Ready partner provides a commitment to relevant best-in-class certifications for recycled products.

Circ®, a US-based textile-to-textile recycling innovator, announced the launch of Circ®-Ready, an exclusive community of global supply-chain partners who have demonstrated their ability to make high-quality, better-for-the-planet solutions for fashion brands using Circ materials. The inaugural Circ-Ready partners include AGI Denim, Foshan Chicley Textile Co., Ltd., Giotex, Marubeni Corporation, MAS Holdings, PYRATEX®, Selenis, SHINJINTEX, Soorty Denimkind, Tainan Spinning Co., Ltd., and Taiwan Textile Research Institute (TTRI).

The Circ-Ready community is a selected group of partners who have a proven positive track record and commitment to working with Circ recycled products and have been individually evaluated for industry success. Circ-Ready partners work alongside the Circ team of experts to adequately test and utilize Circ fibers, exceeding quality standards from end to end. To promote transparency and ensure the integrity of Circ products, each Circ-Ready partner provides a commitment to relevant best-in-class certifications for recycled products.

Consisting of processors, manufacturers, and other vital industry players across tiers 1-4, each Circ-Ready partner has undergone a testing process to replace virgin inputs with Circ’s products, proving the ability to utilize Circ products in their existing operations and produce premium materials as a result. Being a member of the Circ-Ready community provides partners the opportunity to work with pilot-stage Circ products, receive ongoing support from Circ’s technical experts, and be among the first recommended by Circ when brands and partners seek to utilize Circ material.

Circ is a leader in blended textile-to-textile recycling, a known challenge for the industry. Each year, tens of millions of tons of polycotton textile waste is landfilled or burned because existing recycling solutions cannot separate the plastic from the natural fiber and recover both materials. Circ’s innovative recycling technology is the only platform to successfully separate polycotton blended textile waste and recover both cellulosic and synthetic fibers. Circ’s primary fiber outputs are regenerated Circ Lyocell and Circ Polyester from textile waste.

 

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Circ