From the Sector

Helly Hansen begrüßt David Günsel als neuen Country Sales Manager für die DACH-Region im Bereich Workwear. Der 42-jährige Branchenexperte hat seit dem 1. September 2024 die strategische Verantwortung für die Weiterentwicklung des Workwear-Geschäfts in Deutschland, Österreich und der Schweiz.

Die Position des Country Sales Managers für die DACH-Region wurde vom Unternehmen neu geschaffen. Günsel arbeitet vom Büro in München aus und berichtet direkt an Michael Uhl, General Manager DACH. Seine Aufgaben umfassen in erster Linie die strategische Entwicklung, Planung und Umsetzung von Vertriebsstrategien sowie die Führung und Weiterentwicklung des Vertriebsteams.

David Günsel bringt knapp 20 Jahre Erfahrung im Vertrieb, Marketing und Management in der Sport- und Outdoor-Industrie mit. Er kommt von der Mammut Sports Group in der Schweiz. Dort verantwortete er als Head of Corporate Business das Account Management, die strategische Geschäftsplanung sowie die Entwicklung neuer Geschäftsfelder im Bereich Corporate. In seiner bisherigen Laufbahn war er zudem als Sales Manager Bayern bei Bergans of Norway sowie Account Manager Bayern bei Icebreaker tätig.

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

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

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

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

On gardening gloves, uniform sleeves or work or sports trousers – elasticated woven waistbands are often used in places where people are active for many hours. The skin is often exposed to heat, UV light and other irritants. In addition to workwear and sportswear, orthoses, prostheses and exoskeletons are often worn next to the skin. Jumbo-Textil's elasticated woven tape not only offers a high level of comfort, it also protects the skin from these stressors.

„At work, in rehabilitation applications or during sport – activities where textiles are worn directly on the skin require particularly skin-friendly products,“ emphasises Jean Poburski, Sales Manager Technical Branches. “Our narrow textiles – such as our Velcro® elasticated belt – are therefore tested and certified in accordance with the particularly strict Oeko-Tex® 100 PK I standards.“

specifications for narrow textiles:

• STANDARD 100 OEKO-TEX®, product class I
• Skin protection layer on both sides- Anti-slip insert on the upper side
• Soft surface
• Permeable to air
• Flexible at low temperatures
• Resistant to salt and chlorinated water
• Low nitrosamine
• Formaldehyde-free finish

Ontex Group NV, an international developer and producer of personal care products, announces the commercial launch of its newest baby pants, featuring its Dreamshield® 360º innovation. The Dreamshield® 360° technology - designed with a pee & poo back barrier and a 360 fit for all-around protection and comfort – is available in-stores in Germany. The launch will soon expand to other markets as production ramps up across Ontex plants.

Dreamshield® 360º pants have demonstrated great performance in multiple consumer panels versus competitor products. Consumers have expressed their preference for Dreamshield® 360º, particularly related to absorption capacity, absence of leaks, dryness and fit. In a recent French study, 65% of consumers considered absorption capacity in baby products to be extremely important, while 55% emphasized the need to keep skin dry, and 62% rated comfort as a crucial factor.

The new range of baby pants features triple leakage barriers and continues to use Ontex’s patented SeconDRY® technology, ensuring anti-leak fit and dryness.

Ontex saw strong growth in its baby pants sales last year and this trend continues in 2024. The rollout of the baby pant technology has started in Europe with room for expansion to other regions. The production follows the demand of retailers across Europe, who saw the results of Dreamshield® 360º in the German consumer panel¹ and see how their consumers shift to baby pants over traditional diapers, both in Europe and North America.

¹ Lab and panel test by independent Hytec lab in Germany, Q4 2023

As of July 1, Marcel Perrevort has been appointed Chief Sales Officer (CSO) of the Reifenhäuser Group. He succeeds Ulrich Reifenhäuser, who had been in this position for more than 25 years. With this decision, the family-owned machinery and plant manufacturer is consistently continuing the already initiated generational transition in its management structure.

Perrevort has held various sales and management positions within the Reifenhäuser Group for over ten years - most recently as Managing Director of Reifenhäuser Blown Film. In his new role as CSO, he is primarily responsible for the Group's sales and service strategy and its alignment with the activities of the business units.

Ulrich Reifenhäuser will continue his work in associations and committees within the plastics industry and will remain at the disposal of the Reifenhäuser Group as a representative and consultant with adjusted work hours.

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

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

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

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

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

• 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.

Mahlo GmbH + Co. KG announces its participation in the Febratex trade show from August 20 to 23, 2024. The event will take place in Blumenau, Brazil, a hub for textile and garment production.

The company will present its latest advancements in straightening technology and process control. The booth will be jointly hosted by Mahlo’s sales agency MBR Textile and Christian Matthias, the head of Mahlo’s application department. They will be available to provide in-depth knowledge and demonstrations of Mahlo's solutions.

Mahlo’s technology addresses the critical needs of textile manufacturers, ensuring high-quality production with minimized distortion and optimized processes. The company’s automatic straightening system guarantees thread-
straight fabric across various applications, thanks to its modular design that can be tailored to individual production environments. Additionally, Mahlo offers several process control systems designed to optimize stenter frame operations by measuring and controlling parameters such as dwell time, thread density, and residual moisture. These systems help manufacturers improve textile quality, save raw materials, and reduce energy costs.

Highlights

• Net sales in Q2 2024 stabilized sequentially reaching €1,194 million.
• Net Sales were down -6.7% organically versus Q2 2023, with a positive impact from volumes for the second consecutive quarter, while prices were down year over year.
• Underlying EBITDA in Q2 2024 increased sequentially by 2.6% reaching €272 million while the EBITDA margin improved sequentially for the second quarter in a row reaching 22.8%.
• Underlying EBITDA in Q2 was -17.2% lower organically compared to a record Q2 2023, with negative Net pricing partially offset by positive volume impact and further fixed costs improvements.
• Structural cost savings initiatives delivered solid results, with €46 million in H1 2024, and are expected to reach €80 million for the full year.
• Underlying net profit from continuing operations was €116 million in Q2 2024 vs. €211 million in Q2 2023.
• Free Cash Flow1 was strong at €120 million in Q2 2024, from solid EBITDA performance combined with continued prudence on Capex and discipline on working capital.
• ROCE was 17.6% in Q2 2024.
• Underlying Net Debt at €1.6 billion, implying a leverage ratio of 1.5x.

2024 outlook
Solvay expects demand to remain broadly flat in the second half. Following the good performance in the first half and the accelerated delivery of cost savings, Solvay tightens its guidance of underlying EBITDA to -10% to -15% organic growth (previously -10% to -20%), which means circa €975 million to €1,040 million, at a 1.10 EUR/USD exchange rate. This is supported by €80 million expected cost savings for the full year.
Solvay upgrades its guidance of Free Cash Flow, which is now expected to be higher than €300 million. That includes an acceleration of the Capex in the second half, which is expected to be between €300 million and €350 million in 2024.

Women play a decisive role in achieving social and economic improvements for entire communities, including those involved in cotton production. Nonetheless, female farmers continue to face systemic disadvantages. Cotton made in Africa (CmiA) is pursuing gender justice to redress this imbalance, and the results of a recent study reveal significant progress in this regard.

A recent study shows women taking leadership through Cotton made in Africa as lead farmers. In this position, they serve as role models; they offer other female farmers someone to turn to; and they establish co-operatives together with other women to increase both their autonomy and their financial independence by creating new sources of income.

A major factor in this success has been collaboration with African cotton companies in the cultivation regions. This involves regular verifications to assess whether the partners’ activities comply with the standard’s requirements. The verifications are structured around a large selection of indicators that address issues including whether gender-related training was completed or whether projects promoting gender justice were conducted. Over the past years, this approach has not only raised awareness of gender equality among village communities but also increasingly challenged or dissolved traditional norms among the partner companies’ management and staff, thereby resolving inequities and empowering women at the systemic level. The study revealed that respondents see Cotton made in Africa as playing a highly supportive role. Intensive communication through training, verifications, and discussions with other cotton companies has given partner companies a clear awareness of how important gender justice is. As a result, they have become significantly more active in this regard, thereby encouraging women to assume a stronger position in agriculture and the communities. This is reflected in the fact that over 80 percent of both male and female respondents in Mozambique disagreed with the statement that care work should only be done by women. At least 60 percent of female and male farmers surveyed apply the skills and knowledge acquired through the training, which expressly addresses gender-specific aspects. In addition, over 80 percent of surveyed women stated that they receive the same share of proceeds from cotton sales as the other members of their families.

CmiA’s gender study was based on the internationally recognised Women’s Empowerment in Agriculture Index, which aims to measure and improve the role of women in agriculture. In addition to the survey of over 500 farmers, 26 qualitative interviews and around 30 group discussions were conducted in cotton-growing areas of Mozambique (in south-eastern Africa) and Benin (in western Africa) in order to ensure a representative sample.

Cotton made in Africa shares the United Nations’ views on the significance of gender equality, as outlined in the Sustainable Development Goals (SDGs), especially SDG 5. In its own work as a sustainability standard, CmiA also follows international norms and frameworks, such as ILO conventions or Agenda 2030; at a higher level, CmiA promotes gender equality in the textile industry by participating in expert groups like the Partnership for Sustainable Textiles’ strategy committee for gender equality.