From the Sector

• Decline in revenue due to volatile standard viscose prices and currencies
• Prices for key raw materials still high
• New production line in Heiligenkreuz in start-up phase
• Backward integration into dissolving wood pulp to be strengthened via joint venture in Brazil

Lenzing – The Lenzing Group generated solid results in a challenging market environment in the first half of 2018. The decline in revenue and earnings compared with the first half of the previous year, which was the best half-year in the company’s history, was based on a mix of volatile prices for standard viscose and price increases for key raw materials, coupled with currency effects. The Lenzing Group’s strategic orientation with a focus on specialty fibers had a positive impact in this environment and is increasingly bearing fruit. The corporate strategy sCore TEN is being implemented with great discipline in order to expand the company’s offering of specialty fibers and even more extensively support customers and business partners.

Revenue declined by 6.4 percent compared with the first half of the previous year to EUR 1,075.4 mn. This decrease is primarily attributable to less favorable currency exchange rates. EBITDA (earnings before interest, tax, depreciation and amortization) decreased by 28.1 percent to EUR 194.8 mn, especially due to price increases for key raw materials and higher energy prices. The EBITDA margin fell from 23.6 percent in the first half of 2017 to 18.1 percent in the first half of 2018. EBIT (earnings before interest and tax) declined by 37 percent to EUR 128.7 mn, leading to a lower EBIT margin of 12 percent (H1 2017: 17.8 percent). The net profit for the period dropped by 39.3 percent from EUR 150.3 mn in the previous year to EUR 91.3 mn. Earnings per share equaled EUR 3.44 (H1 2017: EUR 5.55).

“So far, the financial year 2018 proved to be as challenging as expected, and market headwinds were clearly noticeable. In this market environment, we are satisfied with the solid results we report. We are proud that with our corporate strategy sCore TEN and the focus on growth with specialty fibers we show big steps in the right direction. The recently announced joint venture with Duratex is another important step in executing this corporate strategy,” says Stefan Doboczky, Chief Executive Officer of the Lenzing Group. “We will continue to implement our strategy with great discipline and are convinced that this will steadily improve the long-term profitability of Lenzing,” Doboczky adds.

Largest dissolving wood pulp line worldwide

In June, the Lenzing Group and Duratex, the largest producer of industrialized wood panels of the southern hemisphere, announced that they had agreed on the terms and conditions to form a joint venture to investigate building the largest dissolving wood pulp plant (single line concept) in the state of Minas Gerais, (Brazil). This decision supports the self-supply with dissolving wood pulp and the growth in specialty fibers, defined in Lenzing’s sCore TEN strategy. The joint venture will investigate the construction of a 450,000 t dissolving wood pulp plant, which is expected to become the largest and most competitive single line dissolving wood pulp plant in the world. The final investment decision to build the dissolving wood pulp plant is subject to the outcome of the basic engineering studies and the approval by the respective supervisory boards.

Even stronger focus on sustainable products

As a pioneer in sustainable fiber solutions, the Lenzing Group is committed to higher standards in the textile and nonwoven sectors. More than EUR 100 mn will be invested in sustainable manufacturing technologies and production facilities by 2022 in order to realize this vision. In line with the Group’s specialty strategy, another two milestones were set in the first half of 2018: Lenzing announced an investment of up to EUR 30 mn in another pilot line for the production of TENCEL™ Luxe filaments at the Lenzing site. In addition, the company also introduced the environmentally friendly process for the production of LENZING™ ECOVERO™ branded viscose fibers at its Chinese site. Both decisions contribute to better meeting the strong demand for environmentally compatible products.

Expansion of capacities

CAPEX (investments in intangible assets and property, plant and equipment) rose by 60.8 percent year-on-year to EUR 117.2 mn in the first half of 2018. This is primarily attributable to the capacity expansions in Heiligenkreuz (Austria) and Mobile, Alabama (USA) and the expansion of the existing dissolving wood pulp plant in Lenzing. The company is pressing ahead with these projects as well as with planning work on the construction of the next state-of-the-art lyocell production facility in Prachinburi (Thailand).

New brand identity

With the new positioning of its master brand and its product brands, the Lenzing Group started a new phase of branding and brand communication in the first half of 2018. Lenzing decided to carry out a new brand strategy in order to sharpen its company and product profile as a sustainable innovation leader for customers and partners along the value chain as well as for consumers. The most important pillar of this new brand strategy is a brand architecture with a focus on fewer brands and a strong message to consumers. With the TENCEL™ brand as an umbrella brand for all specialty products in the textile segment and the VEOCEL™ brand as the umbrella brand for all specialty fibers in the nonwoven segment as well as the new master brand, which was presented in March, Lenzing showcases its strengths in a targeted manner.

Outlook

The International Monetary Fund expects a further acceleration in global economic growth to 3.9 percent for 2018. However, growing protectionist tendencies in the political arena represent a source of uncertainty. Export-oriented companies in the Eurozone are faced with additional challenges from the currency environment.

Developments on the fiber markets should remain positive, but with continuing volatility. The rising demand for cotton should support prices despite the increase in production. Polyester fiber prices have stabilized after the increase in previous years.

The wood-based cellulosic fiber segment, which is relevant for Lenzing, should see further strong demand. After years of moderate capacity expansion in the viscose sector, significant additional volumes will enter the market in 2018 and 2019. As a result, standard viscose prices will remain under pressure. The Lenzing Group is very well positioned in this market environment with its corporate strategy sCore TEN and will continue its consistent focus on growth with specialty fibers.

The Lenzing Group still sees challenging market conditions for the second half of 2018. In addition to the price pressure on standard viscose, the prices of some key raw materials such as caustic soda are still at a very high level and exchange rates continue to be volatile. Our specialty fibers are expected to continue their very positive development. In this context, the Lenzing Group is satisfied with the earnings development to date, but underlines its estimate that the results for the year 2018 will be lower than the outstanding results in the last two years.

• Product innovations, thought-leadership and the new certifications.
• A set of strategic green actions, aimed at increasing transparency and traceability in the company and throughout the industry.

Garmon Chemicals relaunches its commitment to an increasingly green and transparent use of chemicals. The new goal for the company, which in January 2018 has become part of the US Kemin Industries group, is to embark on an actual journey towards sustainability, integrating product innovation with increasingly distinctive strategic actions.

There are three main innovations spearheading Garmon’s commitment. The partnership with the ground-breaking project Alliance for Responsible Denim in the exclusive workshop “Doctor Visits”, held in London June 12. The new ISO 14001:2015 and ISO 9001:2015 process certifications.  The innovative “Stretch Care” collection which features a whole package of eco-compatible solutions, specific for finishing in the world of stretch fabrics.

In partnership with Alliance for Responsible Denim for the “Doctor Visits” workshop
On June 12, in London, the stage was set for “Doctor Visits” an event-workshop organized by Alliance for Responsible Denim focusing on the dissemination and promotion of best practices for sustainable manufacturing. The meeting was dedicated to six selected denim brands, which had a chance to meet the greatest experts in the finishing of indigo fabric.

Garmon Chemicals made available its inimitable experience as technical partner for finishing, as well as conducting team sessions with the Jeanologia staff, a leading company for eco-sustainable technological solutions. The six brands brought the finishing recipes of their Never out of Stock styles, to receive support and recommendations from the experts about the most innovative alternatives in terms of sustainability. The goal was to show the brands new possibilities to migrate towards more responsible finishing, improving their recipes as well. This was a way to reaffirm how ecodriven innovations can also increase finished product quality.
 
The new ISO certifications: increasingly high standards
Garmon Chemicals is also pleased to announce that it has been awarded two important certifications for compliance with ISO international standards as regards safety, reliability and quality. Reference is made here to ISO 9001:2015, a certification which sets international criteria for quality management systems, and most notably, to ISO 14001:2015, a standard acknowledged worldwide stipulating all requirements for an environmental management system. This certification, in particular, helps organizations improve their environmental management performance levels through a more efficient use of resources as well as by reducing production waste. Indeed ISO 14001:2015 mandates that an organization should take into account all aspects relevant to its core business. Amongst assessed parameters there are: air pollution, managing water resources and discharge, waste management, soil contamination, mitigation and adjustment to climate change, as well as an efficient use of resources.

These certifications, once again, provide evidence of the constant commitment on the part of Garmon for an increasingly sustainable use of chemicals, aimed at truly reducing its impact on humans and the environment.
    
A commitment which comes to life in the new “Stretch Care” collection
Introduced on the occasion of the Kingpins exhibition in April 2018, the new “Stretch Care” collection is a line of products completely dedicated to enhancing the qualities and performance of stretch fabrics. The special formulations developed for this line, with their cutting-edge raw materials, are especially suited for treatments with a high eco-compatibility rate; at the same time they optimize the production process. It is worth mentioning in particular the innovative Geopower NPS (= no pumice stone), a compound which helps eliminate pumice stone from denim washings, thus reducing environmental costs and impacts. Another ground-breaking product is Avol Oxy White, the innovative bleaching agent designed to achieve localized effects on denim. Thanks to its composition it is an ecologically advanced product whose environmental impact has been reduced to a minimum, a real challenge to the use of potassium permanganate which tends to be pervasively used as part of industrial processes.

“We firmly believe in developing sustainable chemistry” – concludes Donald Mulazzani, Marketing and Business Development Director at Garmon Chemicals – “not only in terms of product, but also as evidence of our responsible approach on several levels. In this way, we want to contribute to disseminating what will need to be the best practices in the future, for the whole industry”.

Bally, the historic Swiss luxury brand is pleased to announce the appointment of two key figures to its executive team, completing the process of strategic redevelopment begun last year with the transfer of the Creative, Merchandising and Marketing offices from London to its new showroom in Milan.

Effective immediately, Eva Quirrenbach joins Bally as Chief Marketing Officer following a term in New York as Vice President of Global Brand Marketing at Tory Burch, having previously occupied strategic roles within the Tod’s Group in both Italy and the United States. Eva is a recognised expert in all aspects of international branding and marketing within the luxury sector, and with her proven understanding of consumer behaviour, she played an integral role in the development and acceleration of the digital footprint and in supporting global brand development at Tory Burch.

“Eva is an excellent addition to the Bally team. The combination of a consolidated experience and understanding of luxury brands along with her background driving the strategic development of successful global projects make her the ideal leader to drive Bally's commitment to unified commerce on a global level".
Frédéric De Narp, Bally Group CEO

Bally has moved to a three-pronged regional strategy and as such is also pleased to announce the promotion of Silvia Onofri to a new role as CEO for the EMEA region, in addition to her current role as Vice President of Global Wholesale. During her time in Bally, Silvia has obtained outstanding results entering top tier multi-brand doors around the world and increasing Bally's footprint in Travel Retail to make the brand a global leader in the field.

Silvia has extensive experience in the global fashion and luxury industry, having first joined the Bally team 10 years ago, following key marketing roles in Bulgari.

“Silvia has the unique benefit of intimately understanding the Bally brand and it’s DNA, and having proven experience in forging new relationships with the world’s leading retailers and their customers. With this invaluable expertise in hand, I am confident that she will infuse the EMEA Retail division with enthusiasm, professionalism and unique market insights to take Bally to the next level in these crucial markets” -
Frédéric De Narp.

The arrival of Eva Quirrenbach and the promotion of Silvia Onofri are part of Bally Group CEO Frédéric de Narp’s ongoing strategic vision to infuse Bally’s prestigious brand identity with heightened dynamism, appeal and allure.
Both roles report directly to Bally’s Group CEO, Frederic de Narp.

• Lenzing will hold 51 percent in a future joint venture
• Largest single line dissolving wood pulp plant in the world
• Basic engineering and permitting process to be kicked off
• 43,000 hectares FSC® certified plantation secured
• Final investment decision subject to outcome of basic engineering expected in 2019

Lenzing Group, world market leader in specialty cellulosic fibers and Duratex, the largest producer of industrialized wood panels of the Southern Hemisphere, announce that they agreed on the terms and conditions to form a joint venture to investigate building the largest single line dissolving wood pulp (DWP) plant in the state of Minas Gerais, close to Sao Paulo, Brazil. This decision supports the backward integration and the growth in specialty fibers, defined in Lenzing’s corporate strategy sCore TEN.

The joint venture will investigate the construction of a 450,000 t DWP plant, which is expected to become the largest and most competitive single line DWP plant in the world. Dissolving wood pulp is the key raw material for the production of Lenzing’s bio-based fibers. For the future operation, the two companies have secured a plantation of 43,000 hectares that will provide the FSC® certified biomass. The plantation is fully in line with Lenzing’s wood and pulp sourcing policy. The basic engineering and the application for required permits and merger clearances will now be started.

Lenzing will hold 51 percent of the joint venture which will operate the mill, while Duratex’s share will be 49 percent. The estimated cash investment by the joint venture for the construction of the DWP mill is expected to be somewhat above USD 1 bn (based on current FX rates, net of generic tax refunds and the outcome of the basic engineering study). The joint venture will supply the entire volume of dissolving wood pulp to the Lenzing Group. This step is an essential milestone in the group’s ambition to grow its specialty fibers business.

“Specialty cellulosic fibers are an important contribution to make the global textile industry more sustainable. In line with our corporate strategy sCore TEN we are committed to strong organic growth in this field. We are pleased that with Duratex, a recognized leader in sustainable forestry management, we have a strong partner in this joint venture. Together we will create a very sustainable and competitive raw material base for Lenzing’s global expansion plans”, says Stefan Doboczky, Chief Executive Officer of Lenzing Group.

“Projects of this nature are the result of our strategic plan and of our team’s effort towards drawing Duratex’s future. The Company is known for its financial solidity, high quality, innovation and sustainability; the results of a history spanning over six decades. The partnership with Lenzing for the construction of the largest single line dissolving wood pulp plant in the world is an honor for Duratex. Working with Lenzing, a global benchmark in technology, high quality and corporate governance makes us very proud. We are sure that this joint venture is going to be successful”, affirms Duratex’s Chief Executive Officer Antonio Joaquim de Oliveira.

The final investment decision to build the dissolving wood pulp plant is subject to the outcome of the basic engineering studies and the approval by the respective supervisory boards.

JD.com, Inc., China’s leading technology-driven e-commerce company, and Google, announced today that Google will invest $550 million in cash in JD.com as part of a strategic partnership.

Google and JD plan to collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the U.S. and Europe. By applying JD’s supply chain and logistics expertise and Google’s technology strengths, the two companies aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering helpful, personalized and frictionless shopping experiences. JD also plans to make a selection of high-quality products available for sale through Google Shopping in multiple regions.

“This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world,” said JD.com’s Chief Strategy Officer Jianwen Liao. “This marks an important step in the process of modernizing global retail. As we celebrate our June 18 anniversary sale, this partnership opens a new chapter in our history.”

"We are excited to partner with JD.com and explore new solutions for retail ecosystems around the world to enable helpful, personalized and frictionless shopping experiences that give consumers the power to shop wherever and however they want,” said Google Chief Business Officer Philipp Schindler.

Under the agreements, Google will receive 27,106,948 newly issued JD.com Class A ordinary shares at an issue price of $20.29 per share, equivalent to $40.58 per ADS, based on the volume-weighted average trading price over the prior 10 trading days.

• In its aim to promote composites materials, JEC Group will highlight the latest technologies that enable the automotive industry to innovate in product design, emission reductions and production.

Paris - In its mission to address composites end-use industries specifically, JEC Group, the world leading organization for the promotion of composite materials, moves up a gear to target the automotive industry. Introduced many decades ago in car manufacturing, and not only for high-end performance models, composites are now offering many alternatives to steel and aluminum, thanks to their specific features, which go far beyond their lightweight properties.

“Today, nearly 2.9 cars are produced and sold worldwide every second. Yet growth potential is still enormous. In value, the automotive industry makes up 20% of the total composites market with promising opportunities for lighter, stronger and more efficient materials in the years to come. They offer new design opportunities, enable a reduction in tooling investment and allow several functions to be integrated in one, on top of their corrosion and impact resistance. Furthermore, composite materials contribute to the development of a new generation of cars, offering innovative battery integration solutions for electric vehicles, as well as a new generation of fuel storage tanks for hydrogen-powered vehicles. JEC Group is moving forward in its strategy to democratize and promote the use of composites materials among end-user segments that, in this case, are OEMs and car manufacturers,” said Ms Frédérique MUTEL, JEC Group President & CEO.

The BMW i3 the largest-volume production car ever to extensively use composites for emission-free mobility

With this in mind, JEC Group will invest in a significant number of composites pavilions at key automotive events in Europe, America and Asia. The first of these will be at Mondial.Tech Paris, part of Paris Motor Show, held on October 2-6, 2018 in Paris. The composites pavilion will include an innovation showcase, expert presentations and networking activities.

The second composites pavilion will be at the North American International Auto Show in Detroit on January 14-18, 2019 and will focus on the same goals of sharing knowledge and developing networking.

Additional events, particularly in Asia, are being planned to cover the global automotive market.

Although the composites pavilions are organized by JEC Group, they will be supported by major composites manufacturers. These combined efforts will enable stands to showcase several solutions provided by composites for the automotive industry, driving innovation in this sector.

• “Fashion Goes Digital” takes the Lead in Fashion Technology
• Customers get Industry 4.0-ready as Lectra unveiled latest product offerings and shared insights at annual fashion VIP event

Lectra, the technological partner for companies using fabrics and leather, put theory into practice at its recent fashion event by unveiling their latest 4.0 Cutting Room to more than 100 privileged industry professionals.

“Fashion Goes Digital” drew industry stakeholders and market experts from 20 countries, who gathered at Lectra’s International Advanced Technology Center (IATC) in Bordeaux-Cestas, France, to examine the real-life application of digitalization in fashion.

While the topic of digitalization served as a backdrop for the event, there was a recurring theme at the forefront: fashion companies need Industry 4.0 technology and support in order to be more precise in meeting the evolving needs of their digitally savvy consumers.
Nick Chiarelli, Client Partner of Foresight Factory, shed light on new business opportunities for fashion, Nora Kühner, founder of Nora Kühner Fashion Design Consulting, used her designer perspective to decode the digital future of product development, and Fabrizio Fantini, founder of Evo Pricing, showed participants how machine learning could help fashion companies predict consumer demand and avoid waste.

“While speaking about the future challenges and trends in fashion and luxury, the trend now is to use analytics to drive the entire production process,” highlighted Stephen Taylor, Principal Director of Kurt Salmon.

Waruna Tennakoon, General Manager of Group Cutting, Brandix, and Ajith Perera General Manager of Mathliya Plant, MAS Kreeda, also shared their Lectra customer experience. Based in Sri Lanka, both companies have established themselves as the country’s largest apparel exporters, with Brandix specializing in producing intimate and activewear, and MAS Kreeda in sportswear.

“Thanks to the digital revolution, consumers are now more specific in their demands. This will cause a shift in mass manufacturing where there will be smaller-volume orders coming in at a faster rate. As a result, manufacturing models have to be more agile in the immediate future,” explained Ajith Perera, “I am happy to see that Lectra is already spearheading this change by providing us with the necessary technology to help us meet market demand.”

There was no better time to put digitalization into context than during “Fashion Goes Digital”.
VIP guests got a sneak preview of the brand new, fully automated cutting room solution for fashion and apparel. Lectra’s Cutting Room 4.0 is an embodiment of Lectra’s commitment to empowering its customers with the best solutions to thrive in this new digital era. This avant-garde technology leverages industry 4.0 principles to provide greater agility, throughput, cost efficiency and in particular scalability in order to respond seamlessly to small batches orders and shorter lead times.

Jean-Yves Collet, CEO of Treize Roches Couture, a high-end French womenswear manufacturer, provided a testimonial on why his company chose to be one of the first to adopt this new solution. He explained how Lectra’s latest technology would help Treize Roches speed up their artisanal production process to bring products faster to market.

“When we discussed the possibility of a made-to-order production project, we could really foresee the benefits both in terms of quality and productivity. Industry 4.0 solutions do not yet exist in garment manufacturing. This is why we have decided to develop an Industry 4.0 cutting room. This will allow us, in the preparatory stages to automate the processes as much as possible and improve quality, productivity and training time.”

“We have unveiled our strategy last year where we have identified Industry 4.0 and digitalization as our key drivers. Our goal for this event is to show that we are, indeed, living and breathing Industry 4.0 and we do have what it takes to help our customers succeed in this era. Our latest cutting room 4.0 shows that we are not just talking about the future of fashion anymore, we are living in it right now as we speak,” concluded Céline Choussy Bedouet, Chief Marketing and Communications Officer, Lectra.

• Oerlikon integrates automation solutions for largescale plants in technology portfolio

Remscheid, Germany / Pfäffikon, Schwyz, Switzerland - Oerlikon announced today that it has acquired Germany-based AC-Automation GmbH & Co. KG, an engineering company specializing in large-scale plant automation solutions for the textile and packaging industries. The two companies have been partnering since the early 1980s. The integration of AC-Automation in Oerlikon expands the market-leading technology portfolio of its Manmade Fibers Segment. It also marks a milestone in Oerlikon’s ongoing quest to offer innovative, fully automated and digitally networked Industry solutions in the manmade fiber industry.

The 60 employees at AC-Automation’s Bernkastel-Kues and Augsburg locations will become part of Oerlikon’s Manmade Fibers Segment, which includes the leading brands Oerlikon Barmag and Oerlikon Neumag. The move will expand the Segment’s business model, adding another key core component to its current offering of production plants and technology solutions from melt to yarn, fibers, andnonwovens. Ultimately, Oerlikon will be able to offer customers a total solution from a single source, including automation logistics for packaging, high-bay storage, and other areas, which complement its current market-leading spinning and process technologies for the textile industry.

"We see our expanded overall offering as an Industry solution, reflecting the future of an even more efficient, digitized and profitable chemical fiber industry, especially for large-scale plants with daily production capacity of several hundred tons of polyester, nylon, polypropylene, or other manmade fibers,” explains Georg Stausberg, CEO of the Manmade Fibers Segment. Manmade fiber producers from China — the world’s most important market, generating more than 70 % of worldwide manmade fiber production — as well as companies from other fast-growing markets such as India, Turkey and the USA are also relying on automated and networked Industry total solutions.

"The acquisition and integration of AC-Automation’s automation solutions will provide new opportunities for our manmade fiber business. It enables the Segment to increasingly position itself as an Industry solution provider in combination with our own digitization solutions,” says Oerlikon Group CEO Dr. Roland Fischer. “As a leading provider of advanced materials, surface solutions and materials processing including the engineering and production of polymer plants, this acquisition marks another milestone in Oerlikon’s strategy to strengthen its businesses and thus sustain profitable growth.”

"After such a long partnership, we are excited to be able to benefit even more in the future as part of a global player in the textile industry. Our market access will further improve with the help of the Oerlikon
Group's sales and service network. For my employees, I am very pleased to be able to bring them into an international Group, in which there would be new opportunities and perspectives for them personally,”
said Rolf Gänz, AC-Automation’s Managing Director.

METALBOTTONI has drawn up its new strategy for the year 2018, based on a targeted trade fair
schedule and on many product innovations. These innovations are part of a marketing approach
which is more and more branding ingredient-oriented, in order to highlight the added value
of the accessory as a component characterising and enhancing product recognition, as well as
strengthening its consulting activities for customers, thus offering true excellence in service.
There are three main elements pointing to a positive moment for METALBOTTONI: its recent
outstanding performance in double-digit on foreign markets (most notably in the northern
European region), the consolidation of consulting and support services aimed at redesigning the
perspective on the world of accessories, and its product range extension. The fourth pillar, actually
a fixture at METALBOTTONI, is sustainable innovation with the protocol called NO IMPACT which has
made a huge step forward thanks to new technologies which halved water consumption compared
to previous performances of the system, obtaining also better results in a shorter processing time,
saving electricity as well.

An ongoing pathway
There are many novelties to be displayed by METALBOTTONI at three of the most important events
in the industry early in the new year. The company from Bergamo will be present at Munich Fabric
Start (30 January – 1 February), then at Milano Unica (6-8 February), and finally in Paris for the new
edition of Première Vision Accessories (13-15 February).

The GINETEX website has been revamped to become the international reference platform on textile care labelling for textile and apparel professionals:  www.ginetex.net

In a continuous effort to better inform, educate and convince companies and stakeholders about the importance of standardizing and streamlining textile care symbols worldwide, GINETEX has reviewed its websites' structure, design and content.

Dedicated to textile, decoration and fashion professionals, the website is now more user-friendly, intuitive, educational and closer to the expectations and needs of its international counterparts. It now stands as the reference website for active or potential GINETEX members and users such as textile-related organizations, industrial players, textile product manufacturers and distributors, as well as all stakeholders involved in the textile care market including industrial textile care companies (laundry, washing machine and iron manufacturers, dry cleaners, etc.), international associations, institutions and major European organizations.

Among others, the new website includes information on GINETEX and access to its license information for the use of its trademark (5 internationally registered symbols). It also lists all the national entities responsible for relaying this license and information support in over 22 countries, as well as GINETEX's technical and institutional partners, etc. Visitors can also subscribe to GINETEX's bi-annual newsletter for free and catch up on the latest news on textile care from all ends of the world.

GINETEX's website also introduces its Technical, Legal and Regulatory Competence Center that supports its member companies in the design of their textile care labels.

The mission of the new www.ginetex.net - more user friendly, more modern and more intuitive - is to provide its stakeholders with an international information platform on textile care, including the use of its 5 universal symbols and its clevercare.info philosophy.

"Our new website contributes to our strategy of standardizing and streamlining labelling worldwide. This platform allows us to join forces and educate companies on textile products and the importance of using symbols for end consumers. It now offers clearer messages for our future members, for a better understanding of textile care symbols", says GINETEX President, Adam Mansell.