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26.04.2024

AkzoNobel: Results of Q1 2024

Highlights Q1 2024 (compared with Q1 2023)

  • Organic sales up 2%, driven by volume growth in both Paints and Coatings; revenue down 1%
  • Operating income improved to €261 million (2023: €182 million)
  • Adjusted EBITDA €363 million (2023: €305 million), adjusted EBITDA margin 13.8% (2023: 11.5%)
  • Net cash from operating activities negative €170 million (2023: negative €50 million)

2024 Outlook
Based on current market conditions and constant currencies, AkzoNobel targets to deliver between €1.5 and €1.65 billion adjusted EBITDA in 2024, while reducing its leverage to around 2.3 times net debt/EBITDA by the end of the year.

Highlights Q1 2024 (compared with Q1 2023)

  • Organic sales up 2%, driven by volume growth in both Paints and Coatings; revenue down 1%
  • Operating income improved to €261 million (2023: €182 million)
  • Adjusted EBITDA €363 million (2023: €305 million), adjusted EBITDA margin 13.8% (2023: 11.5%)
  • Net cash from operating activities negative €170 million (2023: negative €50 million)

2024 Outlook
Based on current market conditions and constant currencies, AkzoNobel targets to deliver between €1.5 and €1.65 billion adjusted EBITDA in 2024, while reducing its leverage to around 2.3 times net debt/EBITDA by the end of the year.

More information:
AkzoNobel financial year 2024
Source:

AkzoNobel

TMAS: Vandewiele Sweden launches e-commerce platform (c) Vandewiele Sweden AB
22.04.2024

TMAS: Vandewiele Sweden launches e-commerce platform

Vandewiele Sweden is spearheading a transformation in B2B operations for the industry, with a new e-commerce platform developed in Sweden. The company, a member of TMAS, the Swedish Textile Machinery Association, has taken on the task of developing the digital solution that will meet the future demands for Vandewiele Group customers worldwide.

The Vandewiele Sweden team has developed a user-friendly interface that exploits the latest "exploding view" diagrams to ensure customers can easily identify and order the components they need, all within a 1:1 digital representation. The next stage in 3D technology is set up and ready, although it awaits implementation and market readiness to fully integrate and utilize its features.

Adopting a phased approach, the company is initially introducing its IRO-branded accessories, spare parts and gauge parts, targeting textile mills, weavers and distributors. The platform has been carefully crafted to cater to the varying needs of its diverse clientele, offering streamlined direct sales and a transparent commission structure for agents and distributors.

Vandewiele Sweden is spearheading a transformation in B2B operations for the industry, with a new e-commerce platform developed in Sweden. The company, a member of TMAS, the Swedish Textile Machinery Association, has taken on the task of developing the digital solution that will meet the future demands for Vandewiele Group customers worldwide.

The Vandewiele Sweden team has developed a user-friendly interface that exploits the latest "exploding view" diagrams to ensure customers can easily identify and order the components they need, all within a 1:1 digital representation. The next stage in 3D technology is set up and ready, although it awaits implementation and market readiness to fully integrate and utilize its features.

Adopting a phased approach, the company is initially introducing its IRO-branded accessories, spare parts and gauge parts, targeting textile mills, weavers and distributors. The platform has been carefully crafted to cater to the varying needs of its diverse clientele, offering streamlined direct sales and a transparent commission structure for agents and distributors.

With an ambitious logistics promise of 48-hour dispatch and leveraging third-party payment service providers like Nets, the company assures speed and reliability in every transaction.

Scheduled for launch in April, Vandewiele stands ready to introduce its new e-commerce solution to key markets, including Scandinavia, the Baltics, parts of Europe, Turkey, and India.

Source:

TMAS, the Swedish Textile Machinery Association

Beaulieu Fibres International
18.04.2024

Beaulieu Fibres International launches Sustainable Fibres Program

As the 2024 edition of Techtextil, the leading international trade fair for technical textiles and nonwovens, gets underway in Frankfurt, Beaulieu Fibres International is introducing its Sustainable Fibres Program to help reshape fibres for sustainable solutions.

Through the initiative the company is looking to gain deeper insights into the challenges encountered by customers across the value chain to identify opportunities to leverage its expertise to deliver impactful products and services.

Beaulieu has identified several conversation triggers for Techtextil 2024, including recyclable, high performance, renewable, bio-circular, co-developed and made in Europe fibres, to find out what matters most to customers in terms of targets, green initiatives and sustainability expectations.
The Sustainable Fibres Program serves as a charter to help Beaulieu Fibres International accelerate its ‘fibres that build futures’ campaign, by educating on existing solutions, reshaping products and creating partnerships to facilitate market cooperation on shared challenges.

As the 2024 edition of Techtextil, the leading international trade fair for technical textiles and nonwovens, gets underway in Frankfurt, Beaulieu Fibres International is introducing its Sustainable Fibres Program to help reshape fibres for sustainable solutions.

Through the initiative the company is looking to gain deeper insights into the challenges encountered by customers across the value chain to identify opportunities to leverage its expertise to deliver impactful products and services.

Beaulieu has identified several conversation triggers for Techtextil 2024, including recyclable, high performance, renewable, bio-circular, co-developed and made in Europe fibres, to find out what matters most to customers in terms of targets, green initiatives and sustainability expectations.
The Sustainable Fibres Program serves as a charter to help Beaulieu Fibres International accelerate its ‘fibres that build futures’ campaign, by educating on existing solutions, reshaping products and creating partnerships to facilitate market cooperation on shared challenges.

In addition to leading the market within the framework of the European Green Deal, and alignment with the objectives of the proposed Ecodesign for Sustainable Products Regulation, Beaulieu Fibres International is committed to achieving its own sustainability targets outlined in its roadmap known as ROUTE 2030.

More information:
Beaulieu Fibres International
Source:

Beaulieu Fibres International

17.04.2024

Stahl: 2023 ESG Report

Stahl has published its 2023 Environmental, Social and Governance (ESG) Report. The report outlines Stahl's recent progress on its ESG Roadmap to 2030 and the steps the company is taking to live its purpose of Touching lives, for a better world.

Stahl’s ESG Roadmap to 2030 includes interim targets for 2023, making this a year in which Stahl reached several important milestones. For example, the company reduced its scope 1 and 2 greenhouse gas (GHG) emissions by 22% versus 2022. Furthermore, in 2023 the Science Based Targets initiative (SBTi) validated Stahl's scope 1, 2 and 3 targets, making it one of the first coatings companies on the SBTi-approved list.

To reduce its GHG emissions, Stahl is actively increasing its use of clean energy. At the end of 2023, renewable energy generation, such as solar panels, had been installed at four Stahl sites, compared to its target of three.

Stahl has published its 2023 Environmental, Social and Governance (ESG) Report. The report outlines Stahl's recent progress on its ESG Roadmap to 2030 and the steps the company is taking to live its purpose of Touching lives, for a better world.

Stahl’s ESG Roadmap to 2030 includes interim targets for 2023, making this a year in which Stahl reached several important milestones. For example, the company reduced its scope 1 and 2 greenhouse gas (GHG) emissions by 22% versus 2022. Furthermore, in 2023 the Science Based Targets initiative (SBTi) validated Stahl's scope 1, 2 and 3 targets, making it one of the first coatings companies on the SBTi-approved list.

To reduce its GHG emissions, Stahl is actively increasing its use of clean energy. At the end of 2023, renewable energy generation, such as solar panels, had been installed at four Stahl sites, compared to its target of three.

Measuring – and reducing – the impact of products is an important step in the company’s scope 3 emissions. As such, 353 Stahl products now have either life cycle assessment (LCA) or product carbon footprint (PCF) data, far exceeding the 2023 target of 50.
 
New ratings and certifications
In 2023, 2,161 of Stahl's products were certified by Zero Discharge of Hazardous Chemicals (ZDHC), in line with ZDHC MRSL V3.1. These products represented 70% of the company’s sales revenue, demonstrating increased demand for coatings with a lower risk to health and the environment.

Stahl was also proud to achieve a Platinum rating from EcoVadis for the second year in a row, which places it in the top 1% of companies evaluated. Stahl also exceeded its 2023 target of an average EcoVadis rating of at least 60/100 for their top ten suppliers, with an average rating of 68/100 reported in December 2023.
Fostering a safe and welcoming work environment

A core pillar of Stahl’s ESG approach is how it supports its employees’ physical and mental well-being. The 2023 ESG Report outlines several examples of this commitment, such as improvement in its key safety KPIs for the third year in a row.

Besides keeping people safe, Stahl continues to make progress in fostering an open and inclusive workplace. For example, in support of diversity, equity and inclusion (DEI), Stahl appointed its first female leadership team member, trained 98% of its staff in DEI and established DEI committees at all Stahl sites. In addition, to strengthen communication, engagement and collaboration across the workforce, Stahl also established an internal workplace hub, MyStahl.

More information:
Stahl Coatings ESG
Source:

Stahl

16.04.2024

CARBIOS: Fiscal-year 2023 financial results

  • CARBIOS Group’s solid financial structure: cash position of €192 million on December 31, 2023
  • Construction progress of world’s first PET biorecycling plant in France: in line with delivery targets for customers in 2026
  • Licensing: international sales teams deployed in more than ten countries, with several partnerships feasible for 2024

CARBIOS reported its operating and financial results for the financial year 2023. The financial statements as of December 31, 2023, were approved by the Company’s Board of Directors at their meeting on April 10, 2024.

2023 Financial highlights
The consolidated financial statements of the Company as of December 31, 2023, are presented in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and adopted by the European Union.

  • CARBIOS Group’s solid financial structure: cash position of €192 million on December 31, 2023
  • Construction progress of world’s first PET biorecycling plant in France: in line with delivery targets for customers in 2026
  • Licensing: international sales teams deployed in more than ten countries, with several partnerships feasible for 2024

CARBIOS reported its operating and financial results for the financial year 2023. The financial statements as of December 31, 2023, were approved by the Company’s Board of Directors at their meeting on April 10, 2024.

2023 Financial highlights
The consolidated financial statements of the Company as of December 31, 2023, are presented in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and adopted by the European Union.

For 2022 and 2023, these IFRS consolidated financial statements include the financial statements of CARBIOS, the parent company, and the financial statements of its fully integrated subsidiaries Carbiolice and CARBIOS 54. The group formed by CARBIOS, Carbiolice and CARBIOS 54 is hereinafter referred to as the “Group”.

These IFRS financial statements for the Group have been prepared to provide high quality information in line with that of similar companies and based on international standards.

Outlook
Given the progress made by the Group during 2023 and the success of the financing operation closed in July 2023 as well as the received grants, CARBIOS confirms its operating targets and the provisional calendar of the industrial and commercial deployment of its PET biorecycling technology.
2024  • Construction of the Longlaville plant further to permits obtained in October 2023
2024  • Recruitment of plant operations team and training at demonstration facility
2026  • First significant deliveries to clients

Alongside this project, CARBIOS aims to sign its first licensing contracts for its PET biorecycling technology in 2024.

More information:
Carbios financial year 2023
Source:

CARBIOS

16.04.2024

Stratasys published Second ESG and Sustainability Report

Stratasys Ltd. published its second Mindful Manufacturing™ ESG and Sustainability Report in accordance with the Global Reporting Initiative (GRI) standards, fulfilling its commitment to transparency. The report includes an extensive overview of activities and advancements in Stratasys’ environmental, social and governance (ESG) programs.

Some highlights of the Mindful Manufacturing ESG and Sustainability report, by category, include:

Environmental

  • Stratasys reduced water intensity by 32.5 percent across global operations, leading to an overall reduction in water usage by the company.
  • Solar panels installed at Israeli facilities generated 441,339 kWh of renewable energy, which contributed to 207 metric tons of reduced CO2 emissions, or the equivalent of planting 3,423 trees
  • Double digit (11.3 percent) increases in the number of spools, cartridges and canisters recycled through a new recycling program.

Social

Stratasys Ltd. published its second Mindful Manufacturing™ ESG and Sustainability Report in accordance with the Global Reporting Initiative (GRI) standards, fulfilling its commitment to transparency. The report includes an extensive overview of activities and advancements in Stratasys’ environmental, social and governance (ESG) programs.

Some highlights of the Mindful Manufacturing ESG and Sustainability report, by category, include:

Environmental

  • Stratasys reduced water intensity by 32.5 percent across global operations, leading to an overall reduction in water usage by the company.
  • Solar panels installed at Israeli facilities generated 441,339 kWh of renewable energy, which contributed to 207 metric tons of reduced CO2 emissions, or the equivalent of planting 3,423 trees
  • Double digit (11.3 percent) increases in the number of spools, cartridges and canisters recycled through a new recycling program.

Social

  • More than 38,000 hours of employee training were provided, equaling 18 hours of training per employee.
  • Approaching world-class status with employee engagement, with a 78 percent participation rate in the last all-employee survey, with an all-time high engagement score of 73.
  • 81 percent of managers participated in management training.
  • 4 diversity KPIs were set in 2022, focusing on hiring practices. Targets were:
  • 100 percent of candidate slates for manager and above will have a diverse slate
  • 35 percent of management hires will be women
  • 25 percent of tech hires will be women
  • 40 percent of intern/student hires to reflect a range of ethnicity and gender diversity.

Governance

  • 100 percent of new suppliers in 2021 and 2022 signed the Supplier Code of Conduct, which includes environmental, social and ethical standards.
  • More than 97% of all employees completed compliance training.
  • No product-related health and safety incidents of non-compliance occurred in 2021 or 2022.
Source:

Stratasys Ltd.

Collaboration between Archroma and DMIx (c) ColorDigital
16.04.2024

Collaboration between Archroma and DMIx

Archroma and ColorDigital GmbH, a company in textile supply chain digitalization, are joining forces to bring the library of engineered color standards to the DMIx ecosystem of fashion brands and suppliers.

All 5,760 color references in the Color Atlas by Archroma® will be integrated into ColorDigital’s DMIx interactive collaboration platform, enabling brands to embrace almost unlimited color creativity with an assurance of color precision. Based on digital twin technology, the DMIx solution ensures that color choices are aligned across design, sourcing and production, reducing sampling costs and collection development time as well as improving color accuracy and end-product quality. DMIx marks a significant step forward in enhancing color management processes for both digital product creation (DPC) and physical production.

Archroma and ColorDigital GmbH, a company in textile supply chain digitalization, are joining forces to bring the library of engineered color standards to the DMIx ecosystem of fashion brands and suppliers.

All 5,760 color references in the Color Atlas by Archroma® will be integrated into ColorDigital’s DMIx interactive collaboration platform, enabling brands to embrace almost unlimited color creativity with an assurance of color precision. Based on digital twin technology, the DMIx solution ensures that color choices are aligned across design, sourcing and production, reducing sampling costs and collection development time as well as improving color accuracy and end-product quality. DMIx marks a significant step forward in enhancing color management processes for both digital product creation (DPC) and physical production.

Sustainability is an essential factor for both Archroma and DMIx. Colors in the Archroma Color Atlas are formulated to comply with leading eco-standards while also delivering consistent and accurate color reproduction. This complements the DMIx ImpAct approach, which provides data on the environmental impact of raw materials to enable brands to select inputs that meet their sustainability targets.

A new feature on the DMIx platform is DMIx eXcite, an inspirational material and color-trend hub that uses interactive moodboards to share new color and material scenarios ahead of each season. Designers and colorists will be able to directly use colors presented in the eXcite trend reports, including colors from the Color Atlas by Archroma®, across the DMIx color and 3D technology tools.

Source:

Archroma

12.04.2024

NCTO: State of the U.S. Textile Industry Address

National Council of Textile Organizations (NCTO) Chairman Norman Chapman delivered the trade association’s State of the U.S. Textile Industry overview at NCTO’s 20th Annual Meeting on April 11.

Mr. Chapman’s speech highlighted the severe economic challenges confronting the U.S. textile industry that have been exacerbated by predatory trade behavior and customs fraud that is harming this vital and strategic domestic supply chain. He also highlighted NCTO’s effective advocacy efforts that resulted in a long list of accomplishments to counter some of the damaging illegal trade practices and bolster the industry.

National Council of Textile Organizations (NCTO) Chairman Norman Chapman delivered the trade association’s State of the U.S. Textile Industry overview at NCTO’s 20th Annual Meeting on April 11.

Mr. Chapman’s speech highlighted the severe economic challenges confronting the U.S. textile industry that have been exacerbated by predatory trade behavior and customs fraud that is harming this vital and strategic domestic supply chain. He also highlighted NCTO’s effective advocacy efforts that resulted in a long list of accomplishments to counter some of the damaging illegal trade practices and bolster the industry.

“While the domestic textile industry is a key contributor to the U.S. economy and a critical part of the military and public health industrial base, our sector is facing a crisis of historic proportions as the result of rapidly deteriorating market conditions coupled with unchecked foreign predatory trade practices and diminished customs enforcement activities, Chapman stated in the speech. “At the end of the day, some key fundamentals for the U.S. textile industry remained sound, while others weakened. While we expect to see ongoing challenges this year, which will test our resolve, we know collectively as an industry this will not weaken our resilience or our innovative spirit.”

Source:

National Council of Textile Organizations

Archroma launches ONE WAY+ Photo: Archroma
05.04.2024

Archroma launches ONE WAY+

Archroma launched the ONE WAY+ to help mills and brands to improve their productivity and efficiency, and to reduce their environmental impact.

The program is a three-phase process of establishing the baseline, process design and implementation, and ongoing improvement. Tailor-made for selected customers, it draws on the expertise of a curated team of Archroma processing experts and leverages specialist tools and technologies, including Archroma’s ONE WAY Impact Calculator combined with Sustainability Improvement Program.

Mills that adopt Super Systems+ through the ONE WAY+ process can expect enhanced productivity and reduced resource utilization and utilities costs; in addition, also cleaner chemistry and the co-development of new aesthetics and functionalities. Participation in the ONE WAY+ process also indicates to brand partners that mills are committed to remaining sustainable by adopting global best practices and using products that are compliant with current and future regulatory requirements.

Archroma launched the ONE WAY+ to help mills and brands to improve their productivity and efficiency, and to reduce their environmental impact.

The program is a three-phase process of establishing the baseline, process design and implementation, and ongoing improvement. Tailor-made for selected customers, it draws on the expertise of a curated team of Archroma processing experts and leverages specialist tools and technologies, including Archroma’s ONE WAY Impact Calculator combined with Sustainability Improvement Program.

Mills that adopt Super Systems+ through the ONE WAY+ process can expect enhanced productivity and reduced resource utilization and utilities costs; in addition, also cleaner chemistry and the co-development of new aesthetics and functionalities. Participation in the ONE WAY+ process also indicates to brand partners that mills are committed to remaining sustainable by adopting global best practices and using products that are compliant with current and future regulatory requirements.

Brands that work with Archroma under ONE WAY+ will be supported with a roadmap to their sustainability targets. They will gain a better understanding of the sustainability status of their current suppliers and how this impacts their supply chain. Ultimately, the aim is to optimize efficiencies in the supply chain and connect with suppliers that are able to meet target sustainability commitments.

From base-line audit to results review, ONE WAY+ is usually carried out over 16 weeks, with a team of two or three Archroma experts working closely with the customer’s technical teams. Results achieved so far include the following:

  • A textile mill in China, serving a top international sports and athleisure brand, cut its processing time by 30% while reducing water and steam requirements by 40% and achieving a 10% RFT improvement; and
  • A textile mill in Peru, serving a leading American luxury fashion house, reduced water and steam usage by 20% while slashing processing time by 30%.
  • A textile mill in Argentina, serving casual wear and performance apparel brands, reduced water consumption by 40% and steam usage by 20%
  • A textile mill in India, serving some of the world’s largest homewares brands, improved productivity by 15% while achieving 95% right first time (RFT) processing and 0.5% quality rejection.
More information:
Archroma Sustainability ONE WAY+
Source:

Archroma

California’s Largest Sewage Collection Study Photo: INDA
05.04.2024

California’s Largest Sewage Collection Study: Wipes Clogging the Pipes?

In accordance with California’s Proper Labeling of Wet Wipes law (AB 818), state wastewater agencies and industry experts went deep to find out exactly what is passing through—and clogging up—municipal wastewater systems. The Responsible Flushing Alliance (RFA) alongside the California Association of Sanitation Agencies (CASA) and the Association of the Nonwoven Fabrics Industry (INDA) released the results from the largest known domestic sewage collection study conducted to reveal what’s really being flushed down the drain – and shouldn’t be.

“We took a forensic approach to this collection study, engaging industry and wastewater experts to examine our findings and determine what exactly is being flushed and how much of it,” said Adam Link, Executive Director at CASA, a co-sponsor of the Proper Labeling of Wet Wipes Law. “Now that we have the data to see what Californians are flushing and the types of non-flushable items that are causing issues within wastewater systems, local agencies can refine their public outreach and messaging to target specific problems and educate more efficiently.”

In accordance with California’s Proper Labeling of Wet Wipes law (AB 818), state wastewater agencies and industry experts went deep to find out exactly what is passing through—and clogging up—municipal wastewater systems. The Responsible Flushing Alliance (RFA) alongside the California Association of Sanitation Agencies (CASA) and the Association of the Nonwoven Fabrics Industry (INDA) released the results from the largest known domestic sewage collection study conducted to reveal what’s really being flushed down the drain – and shouldn’t be.

“We took a forensic approach to this collection study, engaging industry and wastewater experts to examine our findings and determine what exactly is being flushed and how much of it,” said Adam Link, Executive Director at CASA, a co-sponsor of the Proper Labeling of Wet Wipes Law. “Now that we have the data to see what Californians are flushing and the types of non-flushable items that are causing issues within wastewater systems, local agencies can refine their public outreach and messaging to target specific problems and educate more efficiently.”

Collection and material investigation took place in October 2023 at two locations: Inland Empire Utilities Agency (IEUA) in Southern California and Central Contra Costa Sanitary District (Central San) in the greater San Francisco Bay Area in Northern California. Wastewater and wipes experts collected, sorted and identified more than 1,700 items pulled from the two locations during peak flow times. Kennedy Jenks, an independent engineering firm, designed the study and compiled the findings into the report.

Why Study What’s Being Flushed?
When products that aren’t meant to be flushed down the toilet wind up in the sewer system, it can cause serious threats to public and environmental health. In fact, estimates show that local public agencies throughout California (and the ratepayers they represent) are spending more than $47 million annually to repair wastewater treatment equipment and respond to sewer overflows caused by improper flushing.

“Part of keeping communities healthy requires not flushing things we shouldn’t,” said Lara Wyss, President of the RFA. “However, the data to support which non-flushable items to target as part of education campaigns has been lacking. That’s likely why when we surveyed Californians about what they are flushing, the results revealed that approximately 25% think baby wipes are flushable (which is never true) and 60% self-reported that they flushed something they knew they shouldn’t have.2 Our study results reinforce that finding, as more than 99% of materials collected were items that shouldn’t have been flushed.”

The breakdown of items collected from pipes at the two study locations included:
•    34.1% wipes labeled with the “Do Not Flush” symbol (baby wipes, cleaning wipes, makeup wipes, etc.)
•    64.9% other non-flushable items (paper towels, period products, trash, etc.)
•    0.9% wipes labeled as flushable

“We pulled material larger than 1-inch square directly from the bar screens, and it wasn’t until everything was sorted and identified that we could see what we actually had,” said Matt O’Sickey, Director of Education and Technical Affairs, INDA. “There were a lot of paper towels and baby wipes and all of the ‘Do Not Flush’ labeled wipes we collected were fully intact, showcasing why they should never be flushed.”

What Not to Flush—and How We Tell Consumers
According to the Proper Wet Wipes Labeling law, manufacturers of non-flushable wipes, including products such as baby wipes, cleaning wipes, makeup removal wipes and many others that are primarily used in a bathroom setting must include the “Do Not Flush” symbol on the front of the packaging.
The #FlushSmart consumer education campaign promotes the “Do Not Flush” symbol and provides information on what should and should not be flushed. The message shared with consumers is simple: Look for the “Do Not Flush” symbol on wipes packaging, and if you see it – throw the wipe out. Extrapolating from the results of this study, refraining from flushing “Do Not Flush” labeled wipes, paper products and feminine hygiene products would capture over 90% of items clogging sewers.

Source:

INDA

22.03.2024

SGL Carbon achieves annual targets for 2023

  • Three out of four business units with record sales and results
  • Carbon Fibers business weighs on the Group's profitability
  • Group sales of €1,089.1 million (-4.1%) and adjusted EBITDA of €168.4 million (-2.5%) in a difficult market environment
  • Sales and earnings forecast for 2023 achieved despite drop in demand from key market
  • 2024 further capacity expansion in graphite components for silicon carbide-based semiconductors

In fiscal year 2023, SGL Carbon achieved the sales and earnings targets set at the beginning of the year despite the drop in demand from the important wind market and an increasingly challenging economic environment. Group sales decreased slightly by €46.8 million (minus 4.1%) to €1,089.1 million (previous year: €1,135.9 million). At € 168.4 million, adjusted EBITDA, a key performance indicator for the Group, was also down slightly (minus 2.5%) compared to the previous year (€172.8 million) but was clearly within the forecast range for 2023 of €160 to 180 million.

  • Three out of four business units with record sales and results
  • Carbon Fibers business weighs on the Group's profitability
  • Group sales of €1,089.1 million (-4.1%) and adjusted EBITDA of €168.4 million (-2.5%) in a difficult market environment
  • Sales and earnings forecast for 2023 achieved despite drop in demand from key market
  • 2024 further capacity expansion in graphite components for silicon carbide-based semiconductors

In fiscal year 2023, SGL Carbon achieved the sales and earnings targets set at the beginning of the year despite the drop in demand from the important wind market and an increasingly challenging economic environment. Group sales decreased slightly by €46.8 million (minus 4.1%) to €1,089.1 million (previous year: €1,135.9 million). At € 168.4 million, adjusted EBITDA, a key performance indicator for the Group, was also down slightly (minus 2.5%) compared to the previous year (€172.8 million) but was clearly within the forecast range for 2023 of €160 to 180 million.

While the positive sales development of the Graphite Solutions (+€53.5 million to €565.7 million), Process Technology (+€21.6 million to €127.9 million) and Composite Solutions (+€0.8 million to €153.9 million) business units had a positive effect, the Carbon Fibers business unit had a negative impact on Group sales with a sales decline of €122.3 million to €224.9 million.

Outlook
The global economy will continue to face comparatively high interest rates and subdued growth prospects in 2024. Tighter financing conditions, weak trade growth and a decline in business and consumer confidence are also weighing on the economic outlook. In addition, heightened geopolitical tensions are contributing to increased uncertainty.

SGL Carbon expects different developments in our key sales markets in 2024. The most important sales and earnings driver will be demand for specialty graphite components for the semiconductor industry. In contrast, all indicators currently suggest that demand for carbon fibers for the wind industry will remain weak in 2024 and that the Carbon Fibers (CF) business unit will therefore continue to record operating losses. Even if demand picks up, SGL Carbon assumes that Carbon Fibers will require additional resources to make the most of market opportunities. With this in mind, teh company announced on February 23, 2024, that they are reviewing all strategic options for Carbon Fibers. These also include a possible partial or complete sale of the business unit.

SGL Carbon's sales forecast for the financial year 2024 takes all four operating business units into account, as the company is only at the beginning of evaluating the strategic options for CF. In line with the assumptions outlined, SGL Carbon is therefore expecting Group sales at the previous year's level (2023: €1,089.1 million).

In the earnings forecast, SGL Carbon has taken into account underutilization of production capacity in the Carbon Fibers business unit and the associated high idle capacity costs. The projected operating loss of CF will have a negative impact on the adjusted EBITDA of the SGL Carbon Group in 2024. Due to the expected positive development of Graphite Solutions, SGL Carbon anticipates an adjusted EBITDA of between €160 million and €170 million for fiscal year 2024, taking into account all four operating business units. Should the process of reviewing all strategic options for the CF business unit result in a sale, the forecast of adjusted EBITDA in 2024 would be between €180 - 190 million.

More information:
SGL Carbon financial year 2023
Source:

SGL Carbon SE

18.03.2024

Solvay: Full-year 2023 results

  • Solvay’s FY 2023 financial statements reflect the Partial Demerger completed on December 9, 2023, with the Specialty businesses transferred to Syensqo classified as discontinued operations for 2023.
  • New Solvay leadership team committed to drive the transformation of the company.
  • Net sales for the full year 2023 at €4,880 million were down -12.6% organically versus 2022, driven primarily by volume declines. In Q4, net sales decreased organically by -18.9% from both lower volumes and prices.
  • Underlying EBITDA of €1,246 million for the full year 2023 was stable (+0.2%) on an organic basis compared to a record 2022, with positive Net Pricing and lower fixed costs offsetting the drop in volumes. EBITDA in the fourth quarter was down -24.5% organically vs Q4 2022, fully driven by lower volumes, with variable costs reduction offsetting price erosion, while fixed costs decreased slightly.
  • Underlying net profit from continuing operations was €588 million in 2023 compared to €740 million in 2022.
  • Free Cash Flow of €561 million in 2023 (+17.3% vs.
  • Solvay’s FY 2023 financial statements reflect the Partial Demerger completed on December 9, 2023, with the Specialty businesses transferred to Syensqo classified as discontinued operations for 2023.
  • New Solvay leadership team committed to drive the transformation of the company.
  • Net sales for the full year 2023 at €4,880 million were down -12.6% organically versus 2022, driven primarily by volume declines. In Q4, net sales decreased organically by -18.9% from both lower volumes and prices.
  • Underlying EBITDA of €1,246 million for the full year 2023 was stable (+0.2%) on an organic basis compared to a record 2022, with positive Net Pricing and lower fixed costs offsetting the drop in volumes. EBITDA in the fourth quarter was down -24.5% organically vs Q4 2022, fully driven by lower volumes, with variable costs reduction offsetting price erosion, while fixed costs decreased slightly.
  • Underlying net profit from continuing operations was €588 million in 2023 compared to €740 million in 2022.
  • Free Cash Flow of €561 million in 2023 (+17.3% vs. €479 million in 2022) resulting in a record FCF conversion ratio of 45.4%, thanks to the strong EBITDA performance and to the positive impact from working capital variation.
  • ROCE was 20.4% in 2023, -2.5pp compared to 2022 as a result of lower profit.
  • Solid balance sheet at the end of December 2023, in line with the target capital structure announced in November 2023, with an underlying net debt of €1.5 billion, which translates into a leverage ratio of 1.2x.
  • Total proposed gross dividend of €2.43 per share, subject to shareholders’ approval during the next Ordinary General Meeting of May 28, 2024.
  • Solvay continues to reduce its GHG emissions (-19% vs 2021, scope 1 and 2).
  • 2024 Outlook: Organic growth of the underlying EBITDA of -10% to -20% compared to restated 2023; Free cash flow of minimum €260 million

2024 outlook
Across its product portfolio, Solvay expects current demand levels to continue over the next few months and, as such, expects H1 2024 volumes to be broadly in line with H2 2023. At this point, there is little visibility on the second half of the year, however there are signs that the trend in the second half could improve. Solvay expects Soda Ash prices over FY 2024 to be lower than FY 2023, consistent with the current market environment, which will affect the business margin in 2024. Pricing trends across Solvay’s other businesses are forecasted to be more resilient year on year.

Lower energy and raw materials prices should offset some of the negative pressure on the topline. More importantly, Solvay has started to implement cost savings initiatives that will start to deliver results in 2024.

For full year 2024, Solvay expects an organic growth of the underlying EBITDA by -10% to -20% versus a high comparison base in 2023, especially in H1. This translates into a range of €925 million to €1,040 million at a 1.10 EUR/USD exchange rate.

The organic growth of the underlying EBITDA is calculated from a 2023 restated figure of €1,154 million (vs a reported figure of €1,246 million).

Free cash flow to Solvay shareholders from continuing operations is expected to be greater than €260 million, in line with the cash usage prioritization presented during the Capital Market Day in November 2023. It is supported by Solvay’s ability to manage its capex and working capital to ensure the financing of its businesses and the payment of dividends while keeping the strength of its balance sheet intact.

Solvay remains committed to implement its strategic roadmap and reconfirms its 2028 targets as communicated at the Capital Markets Day of November 2023.

Source:

Solvay

18.03.2024

Lenzing: Combined annual and sustainability report 2023

  • Combination of financial and non-financial reporting as evidence of the central role of sustainability
  • Measurable progress in achieving sustainability and climate targets
  • Recognized for sustainability and prepares for the European Green Deal

The Lenzing Group has published a combined annual and sustainability report for the first time, reaffirming the strategic importance of social and environmental responsibility for the company. With the title “Ready to join?”, Lenzing would like to extend an invitation to all customers and partners to join forces to renew the textile and nonwovens industries and bring about positive change.

“This annual and sustainability report is also an invitation to find answers together. Lenzing is working tirelessly to make the industries in which it operates even more sustainable and to drive the transformation of the textile business model from linear to circular. For this transformation to be successful, further efforts by the entire industry and a policy designed to ensure a level playing field for sustainability pioneers are needed,” says Stephan Sielaff, CEO of the Lenzing Group.

  • Combination of financial and non-financial reporting as evidence of the central role of sustainability
  • Measurable progress in achieving sustainability and climate targets
  • Recognized for sustainability and prepares for the European Green Deal

The Lenzing Group has published a combined annual and sustainability report for the first time, reaffirming the strategic importance of social and environmental responsibility for the company. With the title “Ready to join?”, Lenzing would like to extend an invitation to all customers and partners to join forces to renew the textile and nonwovens industries and bring about positive change.

“This annual and sustainability report is also an invitation to find answers together. Lenzing is working tirelessly to make the industries in which it operates even more sustainable and to drive the transformation of the textile business model from linear to circular. For this transformation to be successful, further efforts by the entire industry and a policy designed to ensure a level playing field for sustainability pioneers are needed,” says Stephan Sielaff, CEO of the Lenzing Group.

The results for the 2023 financial year were already published. The report was once again prepared in digital form and is now available.

Source:

Lenzing AG

13.03.2024

IDEA®25: Call for abstracts

INDA, the Association of the Nonwoven Fabrics Industry, announced a call for abstracts for IDEA®, April 29-May 1, 2025, Miami Beach Convention Center, Miami Beach, Florida. IDEA attracts thousands of nonwoven professionals from all functional areas spanning the entire supply chain.

The theme for IDEA25 is “Nonwovens for a Healthier Planet” highlighting nonwoven advancements in sustainability.

Product developers, designers, engineers, technical scouts, and marketing professionals accountable for their product’s environmental impact will attend IDEA. Presentations will focus on responsible sourcing, innovations in sustainability, and end-of-life solutions for nonwovens and its related industries.

A few examples of topics for consideration are:

RESPONSIBLE SOURCING

INDA, the Association of the Nonwoven Fabrics Industry, announced a call for abstracts for IDEA®, April 29-May 1, 2025, Miami Beach Convention Center, Miami Beach, Florida. IDEA attracts thousands of nonwoven professionals from all functional areas spanning the entire supply chain.

The theme for IDEA25 is “Nonwovens for a Healthier Planet” highlighting nonwoven advancements in sustainability.

Product developers, designers, engineers, technical scouts, and marketing professionals accountable for their product’s environmental impact will attend IDEA. Presentations will focus on responsible sourcing, innovations in sustainability, and end-of-life solutions for nonwovens and its related industries.

A few examples of topics for consideration are:

RESPONSIBLE SOURCING

  • Natural Fibers (Cotton, Hemp, Bamboo, Banana, Wood Pulp, Regenerated Cellulose, Wool, Fur, Chitin, Feathers)
  • Polymers (Biopolymers, Regenerated and Recycled polymers, Unconventional and Alternatives to Traditional Polymers)
  • Sustainable Chemistries (finishes, lubricants, adhesives, and additives)

INNOVATIONS IN SUSTAINABILITY

  • Process Improvements with Sustainability Impact (reduced waste, reduced energy, reduced water consumption)
  • Product Design Improvements with Sustainability Impact (lightweighting, designs for end-of-life, “good enough” design)

END-OF-LIFE SOLUTIONS

  • End-of-Life or Next-Life Considerations (compostability, biodegradability, recycling, advanced recycling and circularity)
  • Presenting is an opportunity for technical professionals to showcase pioneering research, innovative solutions, and expert insights with technology scouts.

Abstracts must be submitted via the INDA website by June 7, 2024.

Source:

INDA - Association of the Nonwoven Fabrics Industry

28.02.2024

ECHA: 21% REACH registrations evaluated

The European Chemicals Agency (ECHA), between 2009 and 2023, has performed compliance checks of approximately 15 000 registrations, representing 21 % of full registrations.  The Agency has met its legal target for dossier evaluation, which was increased from 5 % to 20 % in 2019. While, for substances registered at quantities of 100 tonnes or more per year, ECHA has checked compliance for around 30% of them.  

In 2023, the Agency conducted 301 compliance checks, covering more than 1 750 registrations and addressing 274 individual substances. These checks focused on registration dossiers that may have data gaps and aim to enhance the safety data of these substances. As a result, 251 adopted decisions were sent to companies, requesting additional data to clarify long-term effects of chemicals on human health or the environment.

The European Chemicals Agency (ECHA), between 2009 and 2023, has performed compliance checks of approximately 15 000 registrations, representing 21 % of full registrations.  The Agency has met its legal target for dossier evaluation, which was increased from 5 % to 20 % in 2019. While, for substances registered at quantities of 100 tonnes or more per year, ECHA has checked compliance for around 30% of them.  

In 2023, the Agency conducted 301 compliance checks, covering more than 1 750 registrations and addressing 274 individual substances. These checks focused on registration dossiers that may have data gaps and aim to enhance the safety data of these substances. As a result, 251 adopted decisions were sent to companies, requesting additional data to clarify long-term effects of chemicals on human health or the environment.

ECHA will now put more focus on following up the requests sent to companies. In the follow-up evaluation process, the Agency assesses the incoming information for compliance. The outcome of the incoming data is shared with the Member States and European Commission to enable prioritisation of substances. ECHA will work closer together with the Member States for enforcement of non-compliant dossiers.  

Compliance of registration dossiers will remain a priority for ECHA for the coming years. This year, the Agency will review the impact of the Joint Evaluation Action Plan, aimed at improving REACH registrations compliance, and, together with stakeholders, develop new priority areas to work on.

 

Source:

European Chemicals Agency

23.02.2024

RISE® 2024: Call for Presentations and Award Nominations

INDA, the Association of the Nonwoven Fabrics Industry, announced a call for presentations and award nominations for the RISE® (Research, Innovation & Science for Engineered Fabrics) Conference. RISE will be held October 1-2, 2024, at the James B. Hunt, Jr. Library, North Carolina State University, Raleigh, North Carolina. RISE is a two-day conference presenting new research and science that drives innovation and product development. The theme for this year’s event is “The Other Sustainability Story: Extended Use and Reduced Consumption.”

Nonwoven professionals are encouraged to submit their technical abstracts by Friday, April 12, 2024. Topics being considered are raw materials, equipment and processing, product-related technologies, and applications.  Abstracts may be submitted via the RISE website. For questions about abstract submissions, contact Deanna Lovell.

INDA, the Association of the Nonwoven Fabrics Industry, announced a call for presentations and award nominations for the RISE® (Research, Innovation & Science for Engineered Fabrics) Conference. RISE will be held October 1-2, 2024, at the James B. Hunt, Jr. Library, North Carolina State University, Raleigh, North Carolina. RISE is a two-day conference presenting new research and science that drives innovation and product development. The theme for this year’s event is “The Other Sustainability Story: Extended Use and Reduced Consumption.”

Nonwoven professionals are encouraged to submit their technical abstracts by Friday, April 12, 2024. Topics being considered are raw materials, equipment and processing, product-related technologies, and applications.  Abstracts may be submitted via the RISE website. For questions about abstract submissions, contact Deanna Lovell.

RISE® Innovation Award
In addition, INDA is requesting nominations for innovative nonwoven products and technologies for the RISE® Innovation Award. INDA will consider categories such as raw materials, roll goods, converting, packaging, active ingredients, binders, additives and end products for nominations. This Award recognizes innovation in areas within and on the periphery of the nonwovens industry, utilizing advanced science and engineering principles to develop solutions to problems and advance the usage of nonwovens.

Three finalists will be chosen to present their innovations to technology scouts, scientists, researchers, and industry professionals on Tuesday, October 1st. Nominations may be submitted via the INDA website. The Award submission deadline is July 29, 2024. For questions about the Award, contact Vickie Smead.

Last year, the RISE® Innovation Award was presented to TiHive for their SAPMonit technology.

Source:

INDA, the Association of the Nonwoven Fabrics Industry

Julien Born Photo HeiQ Materials AG
Julien Born
16.02.2024

Julien Born new CEO of HeiQ AeoniQ Holding

HeiQ AeoniQ Holding, a subsidiary of HeiQ Group, is appointing Julien Born as its CEO, leveraging his extensive executive leadership and profound textile industry expertise cultivated in prestigious organizations such as DuPont, KOCH Industries, and The LYCRA Company, where he served as CEO since 2021. Julien Born will champion the growth of the cellulosic filament fiber HeiQ AeoniQ™.

The HeiQ AeoniQ™ technology is poised for commercial production at the inaugural manufacturing facility in Portugal by the close of 2025. The just concluded €5M acquisition of land and buildings, within a 2-year project total investment of €80M, marks a pivotal milestone for the 15,000m2 facility in Maia, Porto. Situated strategically in Portugal's textile hub and a mere 20 minutes from a major commercial port, this facility is poised to catalyze the scale-up phase of the business, going from pilot manufacture to mass production when it wants to compete at full-scale on cost and performance with fossil fuel-based fibers.

HeiQ AeoniQ Holding, a subsidiary of HeiQ Group, is appointing Julien Born as its CEO, leveraging his extensive executive leadership and profound textile industry expertise cultivated in prestigious organizations such as DuPont, KOCH Industries, and The LYCRA Company, where he served as CEO since 2021. Julien Born will champion the growth of the cellulosic filament fiber HeiQ AeoniQ™.

The HeiQ AeoniQ™ technology is poised for commercial production at the inaugural manufacturing facility in Portugal by the close of 2025. The just concluded €5M acquisition of land and buildings, within a 2-year project total investment of €80M, marks a pivotal milestone for the 15,000m2 facility in Maia, Porto. Situated strategically in Portugal's textile hub and a mere 20 minutes from a major commercial port, this facility is poised to catalyze the scale-up phase of the business, going from pilot manufacture to mass production when it wants to compete at full-scale on cost and performance with fossil fuel-based fibers.

HeiQ intends to consolidate the Group’s current and future activities in Portugal at the newly acquired site. This includes Shared Service Center functions as well as the Innovation Hub for the HeiQ Textile & Flooring business unit.

The recent addition of Julien Born to lead the charge follows the nomination of Robert van de Kerkhof to the HeiQ Board, a seasoned executive with extensive textile experience holding positions as CCO, CSO, Board member of Lenzing Plc, and Chairman of CIRFS, the European Man-Made Fibres Association. Robert will also serve as the Chairman of the HeiQ AeoniQ Holding Board.

HeiQ AeoniQ Holding, established as an independent subsidiary to attract new investors, value-chain partners, and brands, embarks on an ambitious multi-year scale-up strategy. This strategy involves integrating diverse sources of bio-derived feedstock and hyper-scaling cellulosic filament fiber production capacity over the next decade, targeting industries such as apparel, footwear, automotive, home textiles, and aeronautics.

Source:

HeiQ Materials AG

16.02.2024

Lenzing updated its climate targets

The Lenzing Group has updated its climate targets to align with the goals of the Paris Agreement to limit the human-induced global temperature increase to 1.5 degrees Celsius. The Science Based Targets Initiative (SBTi) has reviewed and confirmed this target improvement.

By 2030, Lenzing aims to reduce its direct emissions from the production of its fiber and pulp plants (scope 1) and its emissions from purchased energy (scope 2) by 42 percent and its indirect emissions along the value chain (scope 3) by 25 percent on the way to net zero, from 2021 baseline. This corresponds to an absolute reduction of 1,100,000 tons (instead of the previously targeted 700,000 tons).

The following targets were recognized and confirmed by the SBTi:

The Lenzing Group has updated its climate targets to align with the goals of the Paris Agreement to limit the human-induced global temperature increase to 1.5 degrees Celsius. The Science Based Targets Initiative (SBTi) has reviewed and confirmed this target improvement.

By 2030, Lenzing aims to reduce its direct emissions from the production of its fiber and pulp plants (scope 1) and its emissions from purchased energy (scope 2) by 42 percent and its indirect emissions along the value chain (scope 3) by 25 percent on the way to net zero, from 2021 baseline. This corresponds to an absolute reduction of 1,100,000 tons (instead of the previously targeted 700,000 tons).

The following targets were recognized and confirmed by the SBTi:

  1. Overall net-zero target: Lenzing AG commits to reach net-zero greenhouse gas emissions along the entire value chain by 2050.
  2. Near-term targets: Lenzing AG commits to reduce absolute scope 1 and scope 2 greenhouse gas emissions by 42 percent by 2030 from a base year 2021. Lenzing AG also commits to reduce absolute scope 3 greenhouse gas emissions from purchased goods and services, fuels and energy-related activities as well as upstream transport and distribution by 25 percent within the same timeframe.
  3. Long-term targets: Lenzing AG commits to reduce absolute scope 1 and scope 2 greenhouse gas emissions by 90 percent by 2050 from a base year 2021. Lenzing AG also commits to reduce absolute scope 3 greenhouse gas emissions by 90 percent within in the same timeframe.

These updated targets replace the old SBTi approved Lenzing Group’s climate target in 2019.

07.02.2024

RadiciGroup’s roadmap to a sustainable future

“From Earth to Earth”: The new plan defines goals and concrete actions in Environmental, Social and Governance (ESG) areas to foster value creation for all stakeholders and put new sustainability regulatory requirements at the centre of attention.

A project, designed to enhance RadiciGroup's transparency and commitment to develop a responsible business along its entire value chain from an economic, social and environmental perspective and focus on the ever more widespread and stringent sustainability regulatory requirements. These are the features and goals of the Sustainability Plan presented by the Group and called "From Earth to Earth", precisely to emphasize the intent to focus on the Earth and future generations.

“From Earth to Earth”: The new plan defines goals and concrete actions in Environmental, Social and Governance (ESG) areas to foster value creation for all stakeholders and put new sustainability regulatory requirements at the centre of attention.

A project, designed to enhance RadiciGroup's transparency and commitment to develop a responsible business along its entire value chain from an economic, social and environmental perspective and focus on the ever more widespread and stringent sustainability regulatory requirements. These are the features and goals of the Sustainability Plan presented by the Group and called "From Earth to Earth", precisely to emphasize the intent to focus on the Earth and future generations.

In the context of a complex and constantly changing scenario, the Group has therefore decided to capitalize on the goals achieved and look beyond them with a plan defining the medium-term targets and the actions to be taken to fulfil them and covering all areas considered to be "material”, i.e., relevant from the point of view of ESG and financial risks, opportunities and impacts. Indeed, the ultimate goal of "From Earth to Earth" is to support business continuity and the growth of the company and all its stakeholders.

The project was the result of a multi-year collaboration with Deloitte, which contributed an external and objective viewpoint on the definition of the material targets and themes. However, it was not an armchair exercise, but the result of an extensive listening process involving internal and external stakeholders, all of whom were sustainability experts who helped define a shortlist of strategic themes for both the Group and its main stakeholders. These issues were then analysed in detail using working tables on the different themes to identify the objectives in Environmental, Social and Governance areas and the related concrete actions needed to achieve them, in line with the European decarbonization and energy transition policies and the
United Nations Sustainable Development Goals, a global blueprint for sustainable growth.

In particular, RadiciGroup’s environmental goals include: a 20% increase and differentiation in renewable source electricity consumption, an 80% reduction in total direct greenhouse gas emissions by 2030 compared to 2011, attention to water consumption to limit the impact on local communities and biodiversity, the extension of Life Cycle Assessment (LCA) methodology to measure the environmental impact of 70% of the products (in terms of weight) manufactured by the entire Group, collaboration among the various actors in the supply chain from an ecodesign perspective and the search for increasingly more sustainable and circular packaging solutions.

29.01.2024

Refashion: Renewal of accreditation for 2023-2028

Refashion, a textile industry’s eco-organisation, has renewed its authority approval until 2028. 6 years during which it will continue to transform the industry in keeping with the objectives set by the French Ministry of Ecological Transition and the French Ministry of the Economy, including the objective to collect 60% of CHF (clothing, household linen and footwear textiles) placed on the market by 2028. This new period is reflected in an ambitious road map and significantly increased investment. Nearly 1.2 billion euros, financed by the marketers, will be spent on transforming the industry during this new period of authority approval.

Refashion, a textile industry’s eco-organisation, has renewed its authority approval until 2028. 6 years during which it will continue to transform the industry in keeping with the objectives set by the French Ministry of Ecological Transition and the French Ministry of the Economy, including the objective to collect 60% of CHF (clothing, household linen and footwear textiles) placed on the market by 2028. This new period is reflected in an ambitious road map and significantly increased investment. Nearly 1.2 billion euros, financed by the marketers, will be spent on transforming the industry during this new period of authority approval.

Determined to achieve the objectives set out in the ambitious specifications set down by the Secretary of State at the Ministry of Ecological Transition, Berangère Couillard, Refashion has worked on a road map with all of its stakeholders involved in the transformation that is underway. Maud Hardy, nominated as the eco-organisation’s CEO in January 2022, started a collaborative working method that will continue throughout this new period to support areas that are key in this transformation. In the next few months, projects will begin and will visibly highlight the progress made in the three phases of a product’s life cycle: production consumption, regeneration.

Production

  • Recognising eco-design initiatives through the eco-modulation of the fees paid by marketers (durability, environmental information labelling, integration of recycled materials). For marketers, these initiatives should represent the scheme’s cornerstone. The aim is to involve all stakeholders in reducing the environmental impact of products.

Consumption

  • As from 2023, Refashion will spend 5 million euros minimum per year in awareness-raising activities and on information to the general public by supporting an array of local authority initiatives.
  • The launch of a repair fund in 2023, in particular to prolong the usage of textiles and footwear products. More than 150 million euros will be invested between 2023 and 2028 to change the habits of the French population to increase repairs by 35% (guideline target by the ADEME 2019).

Regeneration

  • Accelerating clothing, household linen and footwear collection, in particular thanks to an operational mix in the sector. Funding traditional sorting operators will remain central, but Refashion will also develop an additional operational system in order to achieve the collection target of 60% of products placed onto the market (versus 34% in 2021).
  • 5% of fees paid to Refashion will go towards the redeployment/reuse funds to provide support for reuse within the remit of stakeholders in the Social and Solidarity Economy. In addition to this funding, additional funding arrangements open to all stakeholders will be established. The total budget throughout the authority approval period represents 135 million euros.
  • 5% of fees, i.e., 58 million euros in 6 years, will be spent on R&D to help achieve these milestones in order to industrialise the recycling of used CHF: recyclability that is considered during the design stage; automated sorting and recycling.
Source:

Refashion