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AZL Aachen GmbH: Kick-off meeting for "Trends and Design Factors for Hydrogen Pressure Vessels" project (c) AZL Aachen GmbH
21.12.2023

AZL Aachen GmbH: Kick-off meeting for "Trends and Design Factors for Hydrogen Pressure Vessels" project

The kick-off meeting for the "Trends and Design Factors for Hydrogen Pressure Vessels" project, recently held at AZL Aachen GmbH, was a successful event, bringing together more than 37 experts in the field of composite technologies. This event laid a solid foundation for the Joint Partner Project, which currently comprises a consortium of 20 renowned companies from across the composite pressure vessel value chain: Ascend Performance Materials, C evotec GmbH, Chongqing Polycomp International Corp. (CPIC), Conbility GmbH, Elkamet Kunststofftechnik GmbH, F.A. Kümpers GmbH & Co. KG, f loteks plastik sanayi ticaret a.s., Formosa Plastics Corporation, Heraeus Noblelight GmbH, Huntsman Advanced Materials, Kaneka Belgium NV, Laserline GmbH, Mitsui Chemicals Europe GmbH, Plastik Omnium, Rassini Europe GmbH, Robert Bosch GmbH, Swancor Holding Co. Ltd. Ltd., TECNALIA, Toyota Motor Europe NV/SA, Tünkers do Brasil Ltda.

The project follows AZL´s well proven approach of a Joint Partner Project, aiming to provide technology and market insights as well as benchmarking of different material and production setups in combination with connecting experts along the value chain.

The kick-off meeting for the "Trends and Design Factors for Hydrogen Pressure Vessels" project, recently held at AZL Aachen GmbH, was a successful event, bringing together more than 37 experts in the field of composite technologies. This event laid a solid foundation for the Joint Partner Project, which currently comprises a consortium of 20 renowned companies from across the composite pressure vessel value chain: Ascend Performance Materials, C evotec GmbH, Chongqing Polycomp International Corp. (CPIC), Conbility GmbH, Elkamet Kunststofftechnik GmbH, F.A. Kümpers GmbH & Co. KG, f loteks plastik sanayi ticaret a.s., Formosa Plastics Corporation, Heraeus Noblelight GmbH, Huntsman Advanced Materials, Kaneka Belgium NV, Laserline GmbH, Mitsui Chemicals Europe GmbH, Plastik Omnium, Rassini Europe GmbH, Robert Bosch GmbH, Swancor Holding Co. Ltd. Ltd., TECNALIA, Toyota Motor Europe NV/SA, Tünkers do Brasil Ltda.

The project follows AZL´s well proven approach of a Joint Partner Project, aiming to provide technology and market insights as well as benchmarking of different material and production setups in combination with connecting experts along the value chain.

The kick-off meeting not only served as a platform to foster new contacts and get informed about the expertise and interests of the consortium members in the field of hydrogen pressure vessels, but also laid the groundwork for steering the focus of the upc oming project's ambitious phases. As a basis for the interactive discussion session, AZL outlined the background, motivation and detailed work plan. The central issues of the dialogue were the primary objectives, the most pressing challenges, the contribut ion to competitiveness, and
the priorities that would best meet the expectations of the project partners.

Discussions covered regulatory issues, the evolving value chain and the supply and properties of key materials such as carbon and glass fibres and resins. The consortium defined investigations into different manufacturing technologies, assessing their matu rity and potential benefits. Design layouts, including liners, boss designs and winding patterns, were thoroughly considered, taking into account their implications for mobile and stationary storage. The group is also interested in cost effective testing m ethods and certification processes, as well as the prospects for recycling into continuous fibres and the use of sustainable materials. Insight was requested into future demand for hydrogen tanks, OEM needs and strategies, and technological developments to produce more economical tanks.

The meeting highlighted the importance of CAE designs for fibre patterns, software suitability and the application dependent use of thermoset and thermoplastic designs.

The first report meeting will also set the stage of the next project phase, which will be the creation of reference designs by AZL's engineering team. These designs will cover a range of pressure vessel configurations using a variety of materials and production concepts. The aim is to develop models that not only re flect current technological capabilities, but also provide deep insight into the cost analysis of different production technologies, their CO2 footprint, recycling aspects and scalability.

AZL's project remains open to additional participants. Companies interested in joining this initiative are invited to contact Philipp Fröhlig.

Hologenix: CELLIANT® as a printed coating (c) Hologenix
18.12.2023

Hologenix: CELLIANT® as a printed coating

Hologenix has announced that its flagship product CELLIANT® infrared (IR) technology, a natural blend of IR-generating bioceramic minerals, is now more widely available from the company as a printed coating, expanding the uses of the technology and increasing the number of prospective partners. The innovation has already been named a Selection in the Fibers & Insulations Category of the ISPO Textrends Awards just last month.

Traditionally, CELLIANT has been embedded directly into fibers and yarns. However, for its print applications, CELLIANT fine mineral powder can be easily added directly onto the surface of all different fabric types. The company is particularly energized about how this expands the array of sustainable offerings that CELLIANT can be incorporated into, and is looking forward to partnering with brands to print CELLIANT on their ecofriendly fabrics. CELLIANT Print may be a cost-effective alternative to in-yarn solutions and allows for a more efficient supply chain.

Hologenix has announced that its flagship product CELLIANT® infrared (IR) technology, a natural blend of IR-generating bioceramic minerals, is now more widely available from the company as a printed coating, expanding the uses of the technology and increasing the number of prospective partners. The innovation has already been named a Selection in the Fibers & Insulations Category of the ISPO Textrends Awards just last month.

Traditionally, CELLIANT has been embedded directly into fibers and yarns. However, for its print applications, CELLIANT fine mineral powder can be easily added directly onto the surface of all different fabric types. The company is particularly energized about how this expands the array of sustainable offerings that CELLIANT can be incorporated into, and is looking forward to partnering with brands to print CELLIANT on their ecofriendly fabrics. CELLIANT Print may be a cost-effective alternative to in-yarn solutions and allows for a more efficient supply chain.

fabrics or to a new fabric to create a variety of different product applications. For brands who are seeking a smaller pattern roller for apparel, orthopedic products or other close-to-skin projects, CELLIANT Print can accommodate this. There is also a larger pattern roller for bedding and larger-scale applications. As long as the print covers 80% of the fabric’s surface, the design possibilities for the print itself are virtually endless. CELLIANT Print has undergone mechanical testing for wash tests and can be confirmed to last the useful life of the product, for 50+ washes.

By applying CELLIANT Print directly onto the fabric, brand partners are able to use CELLIANT with a higher loading of bioceramic minerals than what would otherwise be possible with an in-yarn solution. This makes it ideal for recovery and performance purposes. In fact, an example of a CELLIANT Print application on kinesiology tape, KT Tape® PRO Oxygen™ was launched in April to great success.

Source:

Hologenix, LLC

15.12.2023

VIATT 2024 as the response to Vietnam's developing textile sector

Vietnam is the subject of increasing investment across an array of industries, with its textile sector going from strength to strength in a short space of time. To give key players from across the textile spectrum an opportunity to make their presence felt in this market, the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) will make its debut from 28 February – 1 March 2024. Taking place at the Saigon Exhibition and Convention Center (SECC), the new fair will cover three main product sectors, namely apparel fabrics, yarns and fibres, and garments; home textiles; as well as technical textiles and nonwovens, textile processing, and printing technology.

Vietnam is the subject of increasing investment across an array of industries, with its textile sector going from strength to strength in a short space of time. To give key players from across the textile spectrum an opportunity to make their presence felt in this market, the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) will make its debut from 28 February – 1 March 2024. Taking place at the Saigon Exhibition and Convention Center (SECC), the new fair will cover three main product sectors, namely apparel fabrics, yarns and fibres, and garments; home textiles; as well as technical textiles and nonwovens, textile processing, and printing technology.

In line with the industry’s anticipation, the country was identified as the ideal location for ASEAN’s new comprehensive textile platform for several key reasons. Vietnam’s pro-business policies, strategic geographical location, abundant labour force, and favourable trade agreements have contributed to its rise as a global textile manufacturing hub. Agreements such as the Regional Comprehensive Economic Partnership (RCEP); the Indo-Pacific Economic Framework for Prosperity (IPEF); and 15 free trade agreements (FTAs) covering over 60 countries and regions, will further enable participants from across the value chain to conduct cross-border business after connecting at next year’s show. In addition, several key travel initiatives that serve international players have been implemented, including the country’s APEC Business Travel Card programme[1], availability of e-visas to all nationalities, and visa-free travel for select countries[2].  

Exhibitors from multiple textile sub-sectors converge in February
In Vietnam’s home textile segment, rising urbanisation, emerging young consumers, and higher disposable incomes are interrelated factors driving growth[3]. Globally, three of the top trends include recycling; utilising green fibres; and the increasing use of technical fabrics for enhanced comfort and health. At the fair, confirmed home textiles exhibitors include Hanyang Eco Tex, Hohmann GmbH, Phuong Nam Feather, and SIGMA, set to showcase their most up-to-date products, covering bedding, upholstery fabrics, curtain, and sun protection.
 
Utilised for automobiles, civil aviation, construction, health care, and more, Vietnam's exports of technical textiles reached USD 676.6 million for the first nine months of 2022, up 17.1% compared to the same period in 2021[4]. This in turn bodes well for the country’s import prospects of quality machinery and equipment. Hoping to cater to domestic demand at VIATT 2024, international suppliers in this category include Julai, SIGMA, and Skwentex.

Meanwhile, apparel-related products make up the lion’s share of the country’s textile exports – according to Vietnam Textile & Apparel Association (VITAS), in 2022 these numbered USD 29.1 billion. From Ho Chi Minh to Hanoi, numerous international fashion brands have a manufacturing presence, including Adidas, H&M, Lacoste, Lululemon, Nike, The North Face, Uniqlo, and many more. At next year’s fair, exhibitors such as Avery Dennison, Lenzing, Stylem Takisada-Osaka, and Texwinca, will aim to draw the attention of apparel brands and a wide range of other domestic and international buyers.

The Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) is organised by Messe Frankfurt (HK) Ltd and the Vietnam Trade Promotion Agency (VIETRADE), covering the entire textile industry value chain.

[1] ‘Everything You Need to Know About Traveling to Vietnam with an APEC Business Travel Card’, April 2023, Vietnam Briefing, https://www.vietnam-briefing.com/news/apec-business-travel-card-vietnam.html/ (Retrieved: November 2023)
[2] ‘Vietnam Introduces E-Visa for All Nationalities from August 15, 2023’, August 2023, Vietnam Briefing, https://www.vietnam-briefing.com/news/vietnam-introduces-e-visa-for-all-nationalities-from-august-15-2023.html/ (Retrieved: November 2023)
[3] ‘Vietnam Home Textile Market Size & Share Analysis’, 2023, Mordor Intelligence, https://shorturl.at/wQVWZ (Retrieved: November 2023)
[4] ‘Vietnam's technical fabric exports continue to be positive’, October 2022, Web Portal of Supporting Industry of Vietnam, https://shorturl.at/lmnvX (Retrieved: November 2023)

Source:

Messe Frankfurt (HK) Ltd

Photo Formidable Media / Green Theme Technologies
14.12.2023

YKK and GTT Win ISPO Award

The ISPO Textrends judges have selected YKK's DynaPel™ water-repellent zipper as the Best Product in the accessories category. The competition, held twice a year in conjunction with the ISPO trade show, recognizes the most innovative performance textiles, components, and apparel.

Designed to be compatible with garment recycling systems, the DynaPel™ zipper uses GTT’s EMPEL® technology instead of the standard PU film to achieve its water repellency. The lack of a PU film helps remove one of the barriers of textile-to-textile recycling of performance apparel by eliminating the urethane material, which presents challenges to garment recycling processes.

Conventional chemical and mechanical garment recycling systems cannot process the polyurethane film commonly used on water-repellent zippers, necessitating the removal of zippers from garments before recycling.  This additional processing step often deters recyclers from accepting garments with PU zippers, resulting in unnecessary waste.

The ISPO Textrends judges have selected YKK's DynaPel™ water-repellent zipper as the Best Product in the accessories category. The competition, held twice a year in conjunction with the ISPO trade show, recognizes the most innovative performance textiles, components, and apparel.

Designed to be compatible with garment recycling systems, the DynaPel™ zipper uses GTT’s EMPEL® technology instead of the standard PU film to achieve its water repellency. The lack of a PU film helps remove one of the barriers of textile-to-textile recycling of performance apparel by eliminating the urethane material, which presents challenges to garment recycling processes.

Conventional chemical and mechanical garment recycling systems cannot process the polyurethane film commonly used on water-repellent zippers, necessitating the removal of zippers from garments before recycling.  This additional processing step often deters recyclers from accepting garments with PU zippers, resulting in unnecessary waste.

EMPEL® technology uses advanced green chemistry devoid of PFAS and a specialized manufacturing process that allows the chemistry to penetrate the yarn and encapsulate it with a water-repellent layer through molecular cross-linking. The molecular cross-linking creates an extremely durable layer that is highly resistant to abrasion and invisible to the eye.

More information:
ISPO Textrends Award zipper PFAS
Source:

Formidable Media / Green Theme Technologies

adidas arrives on Roblox with digital products (c) adidas AG
11.12.2023

adidas arrives on Roblox with digital products

adidas launches the iconic three-stripes brand on Roblox, a global, immersive platform for communication and connection. The experience kicks off with pop-up stores, carrying officially licensed digital clothing and bespoke outfits for the platform (UGC). These digital wearables and accessories will begin appearing across a range of Roblox experiences, fusing physical and virtual realms to bring adidas’ famous designs to a new generation of digital trendsetters and innovators. Roblox users can now dress up their avatars with some of adidas most iconic pieces such as the firebird tracksuits. All items will be available on the Roblox Marketplace, ensuring accessibility and convenience for Roblox users.

adidas launches the iconic three-stripes brand on Roblox, a global, immersive platform for communication and connection. The experience kicks off with pop-up stores, carrying officially licensed digital clothing and bespoke outfits for the platform (UGC). These digital wearables and accessories will begin appearing across a range of Roblox experiences, fusing physical and virtual realms to bring adidas’ famous designs to a new generation of digital trendsetters and innovators. Roblox users can now dress up their avatars with some of adidas most iconic pieces such as the firebird tracksuits. All items will be available on the Roblox Marketplace, ensuring accessibility and convenience for Roblox users.

As part of the diverse range of UGC collections immediately on offer, adidas has joined forces with Roblox creator Rush Bogin (Rush X) to craft a range of limited-edition UGC that will be available on a first-come-first-served basis. Following the initial release, additional designs for both adidas and adidas x Rush X collaboration products will be introduced, with new drops scheduled weekly throughout December. The adidas x Rush X collection will be available alongside a wide range of iconic looks that will be brought to new life from the brand’s existing and upcoming collections.

Self-expression, creativity, and user experience are at the heart of this of adidas entry into Roblox. adidas has created a range of apparel that embodies the playful, imaginative, and visually bold spirit of Roblox, while staying true to adidas’ contemporary and performance-driven character. The brand’s venture into the digital realm will also create connections with new audiences, while offering long-standing adidas fans the chance to collect and style official UGC on Roblox, through new avatar customization options.

Millions of Roblox users now have the chance to discover the first adidas pop-up shops in some of their favorite experiences, with more stores being regularly introduced in the following weeks. Users can explore the first of these pop-up shops in the following experiences: Princess Dress Up Obby, Cotton Obby!, Seaboard City, Theme Park HeideLand, Noob Train, Dream Island, and Ultimate Ragdoll Playground.

Stocking an array of UGC apparel and accessories inspired by the brand’s SS24 physical collection, there is something to fit each users’ tastes and love for the three-stripes brand. Exemplifying the bold, stylish, and creative aesthetic adidas is celebrated for, the product range includes designs that echo adidas’ physical-world apparel, as well as eclectic, offbeat merchandise crafted specifically with Roblox’s exciting virtual environment in mind. The adidas packs will be refreshed and updated on a regular basis, with new UGC added each week.

More information:
adidas adidas Originals digital
Source:

adidas AG

Conclusion of China in-store 2023 (c) Messe Düsseldorf (Shanghai)
11.12.2023

Conclusion of China in-store 2023

China in-store 2023, an official satellite of EuroShop, has drawn to a successful close at the Shanghai New International Expo Center (SNIEC) on 1 December. Over three days 103 exhibitors presented innovative store design and retail solutions attracting almost 14,000 professional visitors.

This year the trade fair focused on high-quality in-store solutions for the first time, offering many inspiring solutions and store-fitting concepts targeted specifically at retailers intending to open premium stores in China or overseas. The Designer Village showcased concepts by leading designers revolving around Visual Merchandising and storefront design solutions. At the “Retail Forum” and “Design Forum” 46 industry experts presented the latest retail and store design trends such as lightweight construction of commercial spaces. The renowned ERDA China Award recognised outstanding store design concepts.

China in-store 2023, an official satellite of EuroShop, has drawn to a successful close at the Shanghai New International Expo Center (SNIEC) on 1 December. Over three days 103 exhibitors presented innovative store design and retail solutions attracting almost 14,000 professional visitors.

This year the trade fair focused on high-quality in-store solutions for the first time, offering many inspiring solutions and store-fitting concepts targeted specifically at retailers intending to open premium stores in China or overseas. The Designer Village showcased concepts by leading designers revolving around Visual Merchandising and storefront design solutions. At the “Retail Forum” and “Design Forum” 46 industry experts presented the latest retail and store design trends such as lightweight construction of commercial spaces. The renowned ERDA China Award recognised outstanding store design concepts.

The latest retail technologies on display at China in‑store 2023 included amongst others digital display mannequins, virtual dressers, dynamic lighting systems with shopper identification and AI-based smart shelving and ESL. All of these solutions help retailers improve the in-store user experience, above all of the younger generation.

The next China in-store will be held at the Shanghai New International Expo Centre from 3 to 5 September 2024.

Source:

Messe Düsseldorf (Shanghai) Co., Ltd.

EPTA: Program of the “17th World Pultrusion Conference” (c) EPTA
06.12.2023

EPTA: Program of the “17th World Pultrusion Conference”

The EPTA – European Pultrusion Technology Association in cooperation with the American Composites Manufacturers Association (ACMA) invites you to the 17th World Pultrusion Conference which takes place on 29 February – 1 March 2024 in Hamburg, Germany.

This conference takes place every two years and is the meeting point of the European and worldwide Pultrusion Industry. More than 25 international speakers from Finland, Belgium, Germany, France, Spain, The Netherlands, Turkey, UK, USA, Canada and others will present practical presentations about innovative applications, technologies and processes. Equally current market trends and developments are on the agenda.

This World Pultrusion Conference takes place again in the week before the JEC World Composites Show (5-7 March 2024, Paris).

The program is available here.

The EPTA – European Pultrusion Technology Association in cooperation with the American Composites Manufacturers Association (ACMA) invites you to the 17th World Pultrusion Conference which takes place on 29 February – 1 March 2024 in Hamburg, Germany.

This conference takes place every two years and is the meeting point of the European and worldwide Pultrusion Industry. More than 25 international speakers from Finland, Belgium, Germany, France, Spain, The Netherlands, Turkey, UK, USA, Canada and others will present practical presentations about innovative applications, technologies and processes. Equally current market trends and developments are on the agenda.

This World Pultrusion Conference takes place again in the week before the JEC World Composites Show (5-7 March 2024, Paris).

The program is available here.

Source:

The European Pultrusion Technology Association (EPTA)

WOW International Conference calls for Presentations (c) INDA
06.12.2023

WOW International Conference calls for Presentations

INDA’s World of Wipes® (WOW) International Conference is accepting abstracts on wipes products, markets, and technologies to be presented in Minneapolis, MN, June 17-20, 2024. The deadline for abstract submissions is January 12, 2024.

Experts in dry and wet nonwoven wipes, sustainability, end-use markets, substrate formation, raw materials and fibers, liquid ingredients, packaging, machinery, and market trends and data are encouraged to submit a brief abstract. The abstracts may be submitted via the WOW website.

Topics for consideration include:

  • Dry and wet wipes
  • Circular economy
  • Sustainability / End-of-life implications
  • Substrate formation
  • Skin care formulations
  • Raw materials
  • Packaging
  • Machinery and equipment
  • Market trends and consumer insight
  • Regulations
  • Ecommerce / Retail channels

INDA’s World of Wipes® (WOW) International Conference is accepting abstracts on wipes products, markets, and technologies to be presented in Minneapolis, MN, June 17-20, 2024. The deadline for abstract submissions is January 12, 2024.

Experts in dry and wet nonwoven wipes, sustainability, end-use markets, substrate formation, raw materials and fibers, liquid ingredients, packaging, machinery, and market trends and data are encouraged to submit a brief abstract. The abstracts may be submitted via the WOW website.

Topics for consideration include:

  • Dry and wet wipes
  • Circular economy
  • Sustainability / End-of-life implications
  • Substrate formation
  • Skin care formulations
  • Raw materials
  • Packaging
  • Machinery and equipment
  • Market trends and consumer insight
  • Regulations
  • Ecommerce / Retail channels
Source:

INDA

Credit : Lena Ekert, @lena.ekert - Tweeter @BreathlesssAsh
05.12.2023

Texworld Evolution Paris: "Veritas" trend book for the Spring-Summer 2025 season

"Veritas", the trend book for the Spring-Summer 2025 season, looks at a world where each individual defends "their" truth. Gone are the days of tribal fashion... To be discovered at the Parc des Expositions, Porte de Versailles, from 5 to 7 February 2024.

After exploring a world where the senses are once again at the centre, Louis Gérin and Grégory Lamaud, the artistic directors of Texworld Evolution Paris, offer a more personal interpretation of this future humanity. Our wardrobes reflect our individual levels of commitment to the "truth". Faced with the modern paradox of growth versus sustainability, each of us expresses our own vision of the world. These points of view are reflected in the four themes of this new trend book.

Creative themes imagined with AI
Based on the analysis of emerging signals detected in the artistic, economic and social fields, these approaches incorporate elements of artificial intelligence for the first time. The artistic directors have incorporated them - by identifying them - into the 'pattern design' boards that bring together the colours and silhouettes used for each creative universe.

"Veritas", the trend book for the Spring-Summer 2025 season, looks at a world where each individual defends "their" truth. Gone are the days of tribal fashion... To be discovered at the Parc des Expositions, Porte de Versailles, from 5 to 7 February 2024.

After exploring a world where the senses are once again at the centre, Louis Gérin and Grégory Lamaud, the artistic directors of Texworld Evolution Paris, offer a more personal interpretation of this future humanity. Our wardrobes reflect our individual levels of commitment to the "truth". Faced with the modern paradox of growth versus sustainability, each of us expresses our own vision of the world. These points of view are reflected in the four themes of this new trend book.

Creative themes imagined with AI
Based on the analysis of emerging signals detected in the artistic, economic and social fields, these approaches incorporate elements of artificial intelligence for the first time. The artistic directors have incorporated them - by identifying them - into the 'pattern design' boards that bring together the colours and silhouettes used for each creative universe.

#1 Belief. This theme, which isn't very assertive and is rather introverted, expresses itself with elegance and discretion. The colour temperatures remain calm, in the background. The colour universe is oriented towards more "conservative", mineral shades, dominated by green and blue. The textures express matter and vibrations.  

#2 Immanence. While this proposal remains conservative and mystical, it is more visible than the previous one. It expresses a more talkative "bohemianchic" universe, asserting its point of view through a relatively cynical approach: "these are the new rules of our common life. You have to live with them". The colour range is expressive and warmer, but remains fairly classic. It is expressed more in knitwear or embroidery, materials with relief or a frosted appearance.

#3 Knowledge. This is all about affirming yourself. This theme, which also draws on classic sources of inspiration - nature, plants, flowers - sets out to transform them radically. The colours are strong, contrasting, in opposition, and are applied to materials that express the future, with crumpled, liquid or transparent textures.

#4 Experience. This is the most committed theme in the field of subjective truths. "Trust only yourself. [...] Don't believe. Test [...] trust no one. Learn from your own experience". The colours are very bold: we wear them to attract attention. Acidic, sweet shades are king, as are materials that evoke urban or sporty codes: rips, shiny aspects, organic (second-skin type), but also lace and transparency.
 
All these worlds will be showcased in two Trend Forums: one at Texworld Paris for fabrics, the other at Apparel Sourcing Paris for finished products (a new feature in February 2024). Visitors will be able to discover looks inspired by the fabrics and products selected by the show's art directors. There will also be new areas with samples to illustrate each of these themes: Highlights Texworld, Highlight Apparel Sourcing, Highlights Elite and Highlights Denim.

More information:
Texworld trendbook
Source:

Messe Frankfurt France

Trevira CS at Heimtextil 2024 (c) Indorama Ventures Fibers Germany GmbH
04.12.2023

Trevira CS at Heimtextil 2024

The Trevira CS® brand will be presenting itself with 17 customers and partners as well as an innovative special exhibition at Heimtextil, which takes place in Frankfurt from January 9 to 12, 2024.

Trevira CS customers and partners will be exhibiting their flame retardant products and new collections for the home textiles and contract market at individual stands on the joint booth. Visitors can discover innovations in the areas of yarn production, woven and knitted fabrics and interior solar shading. The exhibitors at the Trevira CS stand will represent all textile applications with their products, from lightweight curtains to heavy upholstery fabrics. In addition to the yarn and fabric manufacturers, one exhibit is dedicated to presenting a traditional craft at the Trevira CS joint stand. The trimming maker Jende Manufaktur will be demonstrating the manufacture of trimmings from flame retardant, UV-stable, spun-dyed Trevira® yarns as well as from materials from the co-exhibiting yarn manufacturers.

The Trevira CS® brand will be presenting itself with 17 customers and partners as well as an innovative special exhibition at Heimtextil, which takes place in Frankfurt from January 9 to 12, 2024.

Trevira CS customers and partners will be exhibiting their flame retardant products and new collections for the home textiles and contract market at individual stands on the joint booth. Visitors can discover innovations in the areas of yarn production, woven and knitted fabrics and interior solar shading. The exhibitors at the Trevira CS stand will represent all textile applications with their products, from lightweight curtains to heavy upholstery fabrics. In addition to the yarn and fabric manufacturers, one exhibit is dedicated to presenting a traditional craft at the Trevira CS joint stand. The trimming maker Jende Manufaktur will be demonstrating the manufacture of trimmings from flame retardant, UV-stable, spun-dyed Trevira® yarns as well as from materials from the co-exhibiting yarn manufacturers.

The following Trevira CS customers and partners will be exhibiting a wide variety of flame retardant products at the joint stand in January:
Casalegno Tendaggi S.r.l., Chamatex SAS, F.lli Baroni s.r.l., FIDIVI Tessitura Vergnano S.p.A., Hoftex Färberei GmbH, Ilcat by Lei Tsu s.r.l., Jende Manufaktur GbR, Lodetex S.p.A., Mattes & Ammann GmbH & Co. KG, Mottura S.p.A., Pozzi Arturo S.p.A., PUGI R.G. S.R.L., Tessitura Mario Ghioldi & C. s.r.l., Tintoria Sala s.r.l., Torcitura Fibre Sintetiche S.p.A., Torcitura Padana S.p.A. and Wintex S.r.l..

The Trevira CS special showcase 2024 will be held under the motto #treviracsCore. The term "core" means core element / heart and is used in conjunction with a hashtag and another defining term in the digital media for a trend / lifestyle that people feel connected to and follow.

This time, the special show is about demonstrating what Trevira CS fabrics are capable of achieving in addition to their functionality and performance in the design of textile spaces. From a sustainably furnished lounge, to a luxurious interior or a casual outdoor area, to a cozy retreat.

For the design of the special show, all Trevira CS customers were invited to submit their latest Trevira CS products as part of the annual Trevira CS fabric competition. A total of well over 200 articles from more than 50 customers were available. This year's special show will also feature trimmings made from Trevira CS yarns.

Source:

Indorama Ventures Fibers Germany GmbH

RadiciGroup: Biofeel Eleven Photo RadiciGroup
RadiciGroup: Biofeel Eleven
28.11.2023

ISPO Textrends award to Biofeel Eleven

RadiciGroup's 100% natural nylon awarded in the Fibers and Insulation category: Biofeel eleven, the 100% nylon yarn from natural sources launched a few months ago by RadiciGroup, won the ISPO Textrends award for the Fall/Winter 2025/26 collections. The award - curated by a jury of experts - rewards innovative trends in the textile and apparel sectors and is part of the ISPO fair in Munich dedicated in particular to the fabrics and sportswear sector - scheduled from 28 to 30 November 2023.

After its market launch last March, Biofeel Eleven is already in the "Top Ten" of new products in the yarn sector thanks to its technical and environmental performance. This special yarn of natural origin comes from a small inedible bean grown in India in semi-arid soils that are not competitive with food production. These beans yield a special oil ideal for obtaining biopolymers that are then into yarn at RadiciGroup in Italy.

RadiciGroup's 100% natural nylon awarded in the Fibers and Insulation category: Biofeel eleven, the 100% nylon yarn from natural sources launched a few months ago by RadiciGroup, won the ISPO Textrends award for the Fall/Winter 2025/26 collections. The award - curated by a jury of experts - rewards innovative trends in the textile and apparel sectors and is part of the ISPO fair in Munich dedicated in particular to the fabrics and sportswear sector - scheduled from 28 to 30 November 2023.

After its market launch last March, Biofeel Eleven is already in the "Top Ten" of new products in the yarn sector thanks to its technical and environmental performance. This special yarn of natural origin comes from a small inedible bean grown in India in semi-arid soils that are not competitive with food production. These beans yield a special oil ideal for obtaining biopolymers that are then into yarn at RadiciGroup in Italy.

The yarn has special characteristics, such as low water absorption, increased lightness and improved strength properties. This means being able to produce fabrics that are both durable and comfortable to the touch and skin, fundamental requirements also in sportswear.

More information:
ISPO Textrends Award RadiciGroup
Source:

RadiciGroup

Hologenix honored twice in ISPO Textrends Awards Photo: Hologenix, LLC
22.11.2023

Hologenix honored twice in ISPO Textrends Awards

Twice a year ISPO recognizes innovative fibers, fabrics and components that are used to manufacture sports apparel. Two innovations from Hologenix have scored wins in the ISPO Textrends Fall/Winter 2025/2026 Awards: CELLIANT® with REPREVE® Nylon, introduced with textile solutions provider UNIFI®, makers of REPREVE®, and CELLIANT® Print. They were both Selections in the Fibers & Insulations Category.

Twice a year ISPO recognizes innovative fibers, fabrics and components that are used to manufacture sports apparel. Two innovations from Hologenix have scored wins in the ISPO Textrends Fall/Winter 2025/2026 Awards: CELLIANT® with REPREVE® Nylon, introduced with textile solutions provider UNIFI®, makers of REPREVE®, and CELLIANT® Print. They were both Selections in the Fibers & Insulations Category.

CELLIANT with REPREVE Nylon
CELLIANT with REPREVE Nylon consists of CELLIANT infrared (IR) technology embedded into REPREVE. REPREVE creates high-quality fibers made from 100% recycled materials, including post-consumer plastic bottles and preconsumer waste. CELLIANT with REPREVE Nylon is strong and durable with great stretch and a silky hand. It is ideal for underwear, stockings, tights/leggings, socks, seamless knits, baselayers and many other categories. With CELLIANT’s ability to convert body heat into infrared energy, improving local circulation and cellular oxygenation, it also provides performance for outdoor/sportswear, outerwear, swimwear among other categories. This is the second carrier type for CELLIANT with REPREVE, as it was introduced in polyester last fall and won three awards.

CELLIANT Print
CELLIANT Print makes the natural blend of IR-generating bioceramic minerals more widely available from Hologenix as a printed coating, expanding the uses of the technology. Traditionally, CELLIANT has been embedded directly into fibers, yarns and fabrics. However, for its print applications, CELLIANT fine mineral powder can be adhered to many different fabric types as a topical coating, making CELLIANT Print a versatile and cost-effective solution. Key CELLIANT partners, such as Under Armour with their UA RUSH™ line, and KT Tape with its PRO Oxygen™ kinesiology tape utilize CELLIANT Print. Safe and CELLIANT® Print CELLIANT® with REPREVE® Nylon durable, CELLIANT Print has undergone mechanical testing for wash tests and can be confirmed to last the useful life of the product, for 50+ washes.

Source:

Hologenix, LLC

INDA: Tampon by Sequel won 2023 Hygienix Innovation Award™ (c) INDA
20.11.2023

INDA: Tampon by Sequel won 2023 Hygienix Innovation Award™

INDA, the Association of the Nonwoven Fabrics Industry, connected absorbent hygiene and personal care professionals throughout the supply chain at the ninth edition of Hygienix™, the event for absorbent hygiene & personal care markets, held in New Orleans, Louisiana, Nov. 13-16.

Senior-level leaders enjoyed presentations in these key topics affecting the future of absorbent hygiene:

INDA, the Association of the Nonwoven Fabrics Industry, connected absorbent hygiene and personal care professionals throughout the supply chain at the ninth edition of Hygienix™, the event for absorbent hygiene & personal care markets, held in New Orleans, Louisiana, Nov. 13-16.

Senior-level leaders enjoyed presentations in these key topics affecting the future of absorbent hygiene:

  • AHP Trends, Innovation & Market Statistics
  • Redefining Absorbent Hygiene: Navigating Consumer Voice, Sustainable Innovations and the Circular Economy
  • The Proof Is in the Pudding – Demonstrating What’s Possible in AHP
  • Sustainability Inside & Out – Inputs & Packaging
  • Words Matter! Shaping Consumer and Industry Thoughts
  • Neither Fish nor Fowl: Designing Hybrid AHP Products
  • There Be Dragons: Tales of Innovation

The winner of the Hygienix Innovation Award™ was the Sequel Spiral™ Tampon by Sequel. The Sequel Spiral™ Tampon features a proprietary spiral design that is engineered to be more fluid mechanically efficient, meaning it is designed to absorb more evenly and not leak before it’s full. In August 2023, the Sequel Spiral™ Tampon received clearance from the United States Food and Drug Administration (FDA) as a medical device and the company will now begin a series of consumer trials, with broad availability expected in Q1 of 2024.

New this year to Hygienix was Lightning Talks and pre-conference webinars. Lightning Talks are short presentations covering new trends, products and ideas in absorbent hygiene. The pre-conference webinar topics featured the new Quality Audit Program from INDA and EDANA, an in-depth look at the period care product category, and North American trends and insights in baby diapers.

Back was a hands-on workshop providing attendees with information on the various absorption systems used in disposable hygiene products. This workshop focused on the components and interaction of the absorption system in common commercial hygiene products. The workshop was led by Jim Robinson, Principal, Absorbent Hygiene Insights, LLC.

Jim Robinson received the honor of being named the 2023 INDA Lifetime Technical Achievement Award winner for his decades of technical advancements that have grown the nonwovens industry. Robinson has 33 years in the absorbent hygiene industry, including 28 years as a Technical Service Manager at BASF. Robinson has extensive knowledge of SAP applications, absorbent core formation, and hygiene article design, performance and testing.

Hygienix 2024 will be held Nov. 18-21, in Nashville, Tennessee.

More information:
INDA nonwovens Hygienix Sequel
(c) AVK - Industrievereinigung Verstärkte Kunststoffe e. V.
14.11.2023

Successful SMCCreate 2023 Design Conference in Prague

Successful SMCCreate 2023 Design Conference in Prague

With over 60 participants from Europe and the USA the second edition of the SMCCreate Design Conference took place from November 7th to 8th in Prague. The conference was jointly organized by the AVK – Federation of Reinforced Plastics and the European Alliance for SMC BMC, promoting the use of SMC and providing design tools to designers for applying these versatile materials.

During the SMCCreate 2023 conference topics covered the wide spectrum of the design with fiber composite/composite components in SMC and BMC technology, from conceptual design, development, and scale-up, with a special emphasis on recycling and sustainability solutions. 18 speakers from various European countries showed how they address important market trends and changing customer needs, and which solutions their companies offered in terms of materials, performance and much more.

Successful SMCCreate 2023 Design Conference in Prague

With over 60 participants from Europe and the USA the second edition of the SMCCreate Design Conference took place from November 7th to 8th in Prague. The conference was jointly organized by the AVK – Federation of Reinforced Plastics and the European Alliance for SMC BMC, promoting the use of SMC and providing design tools to designers for applying these versatile materials.

During the SMCCreate 2023 conference topics covered the wide spectrum of the design with fiber composite/composite components in SMC and BMC technology, from conceptual design, development, and scale-up, with a special emphasis on recycling and sustainability solutions. 18 speakers from various European countries showed how they address important market trends and changing customer needs, and which solutions their companies offered in terms of materials, performance and much more.

As an introduction, speakers - including CTC/Airbus and Teijin - presented different possible applications for SMC and BMC components, including aircraft interiors, bicycle boxes, and applications in e-mobility. The topic of sustainability was broadly covered, highlighting recycling solutions and experiences (Siemens, IDI, OC, AOC), the use of renewable raw materials, as well new LCA models developed by the SMC BMC Alliance (LCS),

Specifically for designers, the use of the SMC flow and curing modelling was presented (ESI, OC), SMC positioning vs. aluminium (Spartners). The second day concluded with contributions on process optimization options for component production, including speeches by Dieffenbacher, Netzsch and EBG.

Source:

AVK - Industrievereinigung Verstärkte Kunststoffe e. V.

14.11.2023

End of PREMIUM Berlin - SEEK continues

PREMIUM Berlin will not take place in January 2024. The critical developments in the industry, and the changed global economic situation are presenting big trade fair formats with a new dimension of challenges.
 
PREMIUM, which started as an underdog in 2003 and established an entire segment in the industry, has developed into an icon. The original concepts and approaches have shaped the fashion world. However, as is so often the case in the fast-moving fashion industry, even outstanding success stories come to an end. The management team led by Anita Tillmann and Jörg Arntz recognised this change and paved the way for SEEK, which was launched in 2009.
 
The entire industry has changed significantly in recent years and is still undergoing a transformation. It has become clear that large trade fairs are no longer in keeping with the times. Instead, boutique trade fairs and specialised events are trending. Events like SEEK enable a closer connection between exhibitors, visitors and the community, which is of great economic and social importance in today's world.

PREMIUM Berlin will not take place in January 2024. The critical developments in the industry, and the changed global economic situation are presenting big trade fair formats with a new dimension of challenges.
 
PREMIUM, which started as an underdog in 2003 and established an entire segment in the industry, has developed into an icon. The original concepts and approaches have shaped the fashion world. However, as is so often the case in the fast-moving fashion industry, even outstanding success stories come to an end. The management team led by Anita Tillmann and Jörg Arntz recognised this change and paved the way for SEEK, which was launched in 2009.
 
The entire industry has changed significantly in recent years and is still undergoing a transformation. It has become clear that large trade fairs are no longer in keeping with the times. Instead, boutique trade fairs and specialised events are trending. Events like SEEK enable a closer connection between exhibitors, visitors and the community, which is of great economic and social importance in today's world.

SEEK, which has focussed on its core segment in recent years and serves the streetwear segment, will continue its mission with its loyal network. The platform has not only established itself for forward-thinking brands, but is also the proud organiser of the "Conscious Club", the largest hub on the topic of sustainability in the industry. Here, visitors and exhibitors will not only find the most important trends and ideas in the field of sustainability, but also the most exciting new collections from the pioneers who are responsible for the positive changes.
 
With a clear focus on product quality, community building and strong values such as honesty, creativity, and resilience, SEEK is able to meet the needs of its target audience. So far, the feedback from the committed brands has been consistently positive. The SEEK team is pleased to be able to continue to rely on this commitment and build on it. Around 200 brands are expected again in January.
Berlin will continue to be a place where new trends are set, creative collaborations are formed, and business is done.
 
Although the decision to close PREMIUM is the end of an era, it does not mean the end for the fashion world, but rather opens new doors and enables new opportunities. SEEK is ready to shape this change with like-minded partners and continue to make a significant contribution to the development of the industry.

Source:

Premium Exhibitions GmbH

Drop in orders intake in third quarter 2023 Graphic ACIMIT
07.11.2023

Italian textile machinery: Drop in orders intake in third quarter 2023

The textile machinery orders index, as processed by the Economics Department of ACIMIT, the Association of Italian Textile Machinery Manufacturers, dropped fully 20% during the third quarter of 2023, compared to the same period for July to September 2022. In absolute terms, the index stood at 84.2 points (basis: 2015=100).

This result is due to a reduction in new orders recorded by manufacturers both on the domestic market and abroad. The decrease in orders in Italy came in at 45%, whereas the drop was just 13% on foreign markets. The absolutevalue of the index abroad stood at 80.5 points, and 119.4 points in Italy. During the year’s third quarter, new orders reached 3.7 months of assured production.

The textile machinery orders index, as processed by the Economics Department of ACIMIT, the Association of Italian Textile Machinery Manufacturers, dropped fully 20% during the third quarter of 2023, compared to the same period for July to September 2022. In absolute terms, the index stood at 84.2 points (basis: 2015=100).

This result is due to a reduction in new orders recorded by manufacturers both on the domestic market and abroad. The decrease in orders in Italy came in at 45%, whereas the drop was just 13% on foreign markets. The absolutevalue of the index abroad stood at 80.5 points, and 119.4 points in Italy. During the year’s third quarter, new orders reached 3.7 months of assured production.

ACIMIT President Marco Salvadè commented on the data, stating that, “The order index for the period from July to September 2023 confirms a contraction in collected orders that was already evident in previous quarters. What worries us above all is the situation with our domestic market, where the declining trend has persisted for seven consecutive terms. Due to this situation, which does not only concern the textile machinery industry, urgent measures are needed from Italian Government to strengthen the competitiveness of Italian manufacturers.”

As far as foreign markets are concerned, the orders index confirms an overall weakened global demand for textile machinery. Indeed, for the first half of 2023, Italian exports slowed in a variety of essential benchmark markets, such as Turkey, China and the United States.

“The global economic scenario remains negative, as consumers are facing a reduced purchasing power, with investments in the textile sector consequently also slowing down,” concludes Salvadè. “In less than a month, ITMA ASIA + CITME will be held from 19 to 23 November in Shanghai, primed as one of the world’s major trade fairs for the textile machinery industry, with the participation of roughly 60 Italian textile machinery manufacturers. We can expect some significant indications on the industry’s state from this event, which will be staged in one of the strategic markets for textile machinery demand.”

More information:
Italy ACIMIT
Source:

ACIMIT

North American Nonwovens Industry Outlook 2022-2027 (c) INDA
07.11.2023

North American Nonwovens Industry Outlook 2022-2027 released

INDA, the Association of the Nonwoven Fabrics Industry, has released a new report, North American Nonwovens Industry Outlook, 2022-2027. This report is the twelfth edition detailing demand data for 2017 through 2022, with forecasts to 2027 and provides analysis across end-use markets through 2027.

It includes:

INDA, the Association of the Nonwoven Fabrics Industry, has released a new report, North American Nonwovens Industry Outlook, 2022-2027. This report is the twelfth edition detailing demand data for 2017 through 2022, with forecasts to 2027 and provides analysis across end-use markets through 2027.

It includes:

  • Economic and population drivers contributing to market growth over the next 5 years for markets in the U.S., Mexico, and Canada.
  • Disposable, Filtration, Wipes, Medical and Other applications.
  • Long-Life durable sectors for Transportation, Building and Construction, Furnishings, Geo and Agro Textiles, and Apparel.
  • Key drivers for the demand models and reasons for market upsets like the COVID pandemic.
  • A summary of historical and future trends that will affect the nonwovens market.

The report provides analysis across all nonwoven end-use markets, providing a comprehensive and accurate view of the total North American nonwovens industry. INDA redesigned this report to support strategic business planning and decision-making. The projections in the report were made by analyzing current market trends and drivers to highlight the market potential in terms of dollar value, units, and volume in both square meters and tonnage.

The new North American Nonwovens Industry Outlook report is available at 6,000.00 $, the discounted member price is 4,500.00

More information:
Market report INDA
Source:

Association of the Nonwoven Fabrics Industry

03.11.2023

Lectra: Financial statements for first nine months of 2023

  • Revenues: 358.3 million euros (-7%)
  • EBITDA before non-recurring items: 59.2 million euros (-17%)
  • Net income: 24.9 million euros (-30%)
  • Free cash flow before non-recurring items: 32.1 million euros
  • 2023 outlook: revised revenues – confirmation of EBITDA before non-recurring items

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2023, which have not been reviewed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 6.4 million euros (-5%) and 2.8 million euros (-10%) respectively in Q3, and by 7.3 million euros (-2%) and 3.0 million euros (-5%) respectively in the first nine months of the year, at actual exchange rates compared to like-for-like figures.

  • Revenues: 358.3 million euros (-7%)
  • EBITDA before non-recurring items: 59.2 million euros (-17%)
  • Net income: 24.9 million euros (-30%)
  • Free cash flow before non-recurring items: 32.1 million euros
  • 2023 outlook: revised revenues – confirmation of EBITDA before non-recurring items

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2023, which have not been reviewed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 6.4 million euros (-5%) and 2.8 million euros (-10%) respectively in Q3, and by 7.3 million euros (-2%) and 3.0 million euros (-5%) respectively in the first nine months of the year, at actual exchange rates compared to like-for-like figures.

Business Trends and Outlook
In its 2022 Financial Report, published February 8, 2023, Lectra presented its new roadmap for 2023-2025. The Group also specified that 2023 remained unpredictable given the degraded macroeconomic and geopolitical environment, which resulted in many uncertainties that could continue to weigh on its customers’ investment decisions.

At the beginning of the year, the Group set itself objectives of achieving, in 2023, revenues in the range of 522 to 576 million euros and EBITDA before non-recurring items in the range of 90 to 113 million euros. It subsequently reported on April 27 that it then anticipated revenues in the range of 485 to 525 million euros and EBITDA before non-recurring items in the range of 78 to 95 million euros.

In what continues to be a highly degraded environment in macroeconomic and geopolitical terms, orders and revenues from new systems in Q3 were lower than anticipated by the Group. Recurring revenues, on the other hand, which should account for over 65% of total revenues in 2023, continued to grow in Q3, and provide good visibility. In addition, the initial measures to reduce overhead costs have begun to bear fruit.

In light of these factors, full-year revenues are now anticipated in the range of 474 to 481 million euros, thus slightly lower than anticipated on April 27, and EBITDA before non-recurring items in the range of 78 to 82 million euros, in the lower part of the range indicated on April 27. These scenarios are based on September 30 exchange rates for Q4, including $1.06 to the euro.

Because the Group's customers operate in a highly competitive environment that demands they continue to improve performance, their investments will pick up as soon as the macroeconomic situation improves. Lectra's roadmap for 2023-2025, which was launched on January 1, 2023, will enable the Group to take full advantage of the upturn and accelerate its growth.

3rd edition of Source Home & Gift taking place in February 2024 Photo: Hyve Group
03.11.2023

3rd edition of Source Home & Gift in February 2024

Source Home & Gift continues to go from strength to strength with over 430 exhibitors expected to be at its third edition from 4th – 7th February 2024 at NEC Birmingham.

Uniting global manufacturers and artisan makers who all pride themselves on responsible manufacturing and sustainable production, with key retailers, brands, and contractors, Source Home & Gift increases in size by 25% with producers from UK, China, India, Philippines, Nepal and many more showcasing their wares. Debuting at the show will be pavilions from Senegal and Ghana.

All exhibitors are required to have had a recent audit from Sedex or a recognisable audit institution giving buyers the confidence that they will meet suppliers that have responsible business practices. The show features eight sectors including Homewares, Toys, Packaging, Stationery & Greetings, Gifts, Furniture, Textiles, and Technology & Services.

Source Home & Gift includes a content stage dedicated to presenting and discussing the latest trends and topics in responsible and sustainable manufacturing from internationally renowned industry professionals.

Source Home & Gift continues to go from strength to strength with over 430 exhibitors expected to be at its third edition from 4th – 7th February 2024 at NEC Birmingham.

Uniting global manufacturers and artisan makers who all pride themselves on responsible manufacturing and sustainable production, with key retailers, brands, and contractors, Source Home & Gift increases in size by 25% with producers from UK, China, India, Philippines, Nepal and many more showcasing their wares. Debuting at the show will be pavilions from Senegal and Ghana.

All exhibitors are required to have had a recent audit from Sedex or a recognisable audit institution giving buyers the confidence that they will meet suppliers that have responsible business practices. The show features eight sectors including Homewares, Toys, Packaging, Stationery & Greetings, Gifts, Furniture, Textiles, and Technology & Services.

Source Home & Gift includes a content stage dedicated to presenting and discussing the latest trends and topics in responsible and sustainable manufacturing from internationally renowned industry professionals.

The last show in September was attended by leading retailers and brands including Sainsburys, Dunelm, Haskins Garden Centre, Blue Diamond, Funky Pigeon, M&M, Matalan, Disney, Morrisons, M&S, Next, Costcutter, AIS, Alzheimers Society, Amazon, B&Q, and Card Factory.

Source:

Source Home & Gift by Hyve Group

03.11.2023

Lenzing implements performance program in response to lack of market recovery

  • Revenue of EUR 1.87 bn and EBITDA of EUR 219.1 mn in the first three quarters of 2023
  • Positive free cash flow of EUR 27.3 mn in the third quarter
  • Implementation of performance program focusing on positive free cash flow, strengthened sales and margin growth and sustainable cost excellence
  • Modernization and conversion of Indonesian site successfully completed – EU Ecolabel received

The anticipated recovery in markets relevant for the Lenzing Group has to date failed to materialize. The continued sharp increase in raw material and energy costs on the one hand and very subdued demand on the other had a negative impact on Lenzing’s business trends as well as on industry as a whole during the reporting period.

  • Revenue of EUR 1.87 bn and EBITDA of EUR 219.1 mn in the first three quarters of 2023
  • Positive free cash flow of EUR 27.3 mn in the third quarter
  • Implementation of performance program focusing on positive free cash flow, strengthened sales and margin growth and sustainable cost excellence
  • Modernization and conversion of Indonesian site successfully completed – EU Ecolabel received

The anticipated recovery in markets relevant for the Lenzing Group has to date failed to materialize. The continued sharp increase in raw material and energy costs on the one hand and very subdued demand on the other had a negative impact on Lenzing’s business trends as well as on industry as a whole during the reporting period.

Revenue in the first three quarters of 2023 decreased by 5.3 percent year-on-year to EUR 1.87 bn. This reduction was primarily due to lower fiber revenues, while pulp revenues were up. The earnings trend was mainly influenced by the market environment. As a consequence, earnings before interest, tax, depreciation and amortization (EBITDA) in the reporting period decreased by 16.7 percent year-on-year to EUR 219.1 mn. The net result after tax amounted to minus EUR 96.7 mn (compared with EUR 74.9 mn in the first three quarters of 2022), while earnings per share amounted to minus EUR 4.90 (compared with EUR 2.16 in the first three quarters of 2022).

Outlook
According to the IMF, a full return of the global economy to pre-pandemic growth rates appears increasingly out of reach in the coming quarters. In addition to the consequences of the pandemic and the ongoing war in Ukraine, growth is also being influenced by restrictive monetary policy and extreme weather events. The consequences of the renewed military confrontation in the Middle East are not yet foreseeable. Overall, the IMF warns of greater risks to global financial stability, and expects the growth rate to decrease to 3 percent this year and to 2.9 percent next year.

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

The general market environment is continuing to weigh on the consumer climate and on sentiment in the industries relevant to Lenzing.

In the trend-setting market for cotton, the current 2023/24 crop season is emerging as a further 1.7 mn tonnes of inventory build-up, following 1.8 mn tonnes of inventory build-up in the previous season.

Earnings visibility remains severely limited overall.

Lenzing is fully on track with the implementation of the reorganization and cost reduction program and on this basis is implementing a comprehensive performance program focused on positive free cash flow, strengthened sales and margin growth as well as sustainable cost excellence. The overarching goal is to position Lenzing even more strongly and to further increase its crisis resilience.

In structural terms, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its “Better Growth” strategy and plans to continue driving growth with specialty fibers as well as its sustainability goals, including the trans-formation from a linear to a circular economy model.

The successful implementation of the key projects in Thailand and Brazil as well as the investment projects in China and Indonesia will further strengthen Lenzing’s positioning in this respect.

Taking the aforementioned factors into consideration, the Lenzing Group continues to expect that EBITDA for the 2023 financial year will lie in a range between EUR 270 mn and EUR 330 mn.

Source:

Lenzing AG