From the Sector

• Archroma joins hands with Lahore University of Engineering & Technology to foster innovative research in textiles

Reinach, Switzerland - Archroma, a global leader in color and specialty chemicals, announced it has signed a Memorandum of Understanding (MoU) with the University of Engineering & Technology (UET), Lahore, Pakistan. The MoU will pave way for cooperation initially for a five-year period.

The partnership will explore innovations in textile research with futuristic visualization for Pakistan to help the Pakistan textile industry to keep in line with the fast pace of global apparel requirements and evolutions. Both partners will jointly hold sessions to prepare students for the challenges of the textile industry through in-house training sessions, developmental projects, research in textile applications and process innovative methodologies by pioneering value additions. The students of UET will also be able to join internship placement programs at Archroma Center of Excellence at Karachi.

The MoU was officially signed at a ceremony recently held in Faisalabad by Prof. Dr. Fazal Ahmed Khalid, Vice Chancellor of UET and Mujtaba Rahim of CEO Archroma Pakistan Limited.

Speaking at the occasion, Mujtaba Rahim said: “We, at Archroma, believe in continuous improvement and challenging the status quo leading to enhance sustainable growth especially in our product lines creating value for our stakeholders. Through this initiative of mutual cooperation, we will be able to share latest knowledge and technical developments and to work together with the faculty and research team of UET. We also wish to share the innovative textile solutions of Archroma with the students enabling them to enhance their academic performance. Our MoU will go a long way in adding value in the fast growing textile segment, from education to R&D development.”

“This partnership is going to have far-reaching impact in textile research which will bear highly positive results for UET and Archroma. Our academic team has already collaborated with Archroma on projects that will have a far reaching impact on the textile industry. We are very enthusiastic about formalizing our mutual relationship and look forward to interesting research outcomes. Industrial liaison of students will create confidence and the training, internships and working sessions will benefit them in their career development,” Prof. Dr. Fazal Ahmed Khalid commented.

Business networking event on the future of leather interiors

Lectra, the technological partner for companies using fabrics and leather, welcomed guests from all areas of the automotive leather supply chain at its International Advanced Technology Center (IATC) in Bordeaux-Cestas, France, for two action-packed days of demonstrations, workshops and talks by industry experts during the fourth annual “Go Digital” automotive leather event.
Building on the previous editions’ themes of digitalization of manufacturing processes and the adoption of Industry 4.0 principles, this year’s presentations focused on the value creation enabled by leveraging manufacturing data. A showcase for the innovative applications Lectra is developing based on Industry 4.0 principles, the company’s trade gathering demonstrated how disruptive new technologies are enhancing the onboard experience while reorganizing the automotive interiors supply chain.

Several guest speakers provided insight into the ways industry megatrends are impacting the automotive cockpit of the future. As motorized vehicles become increasingly autonomous, connected and electrified, cementing their place in the shared mobility landscape, suppliers must now devise new strategies to achieve profitable growth. Traditional business models are losing ground to cross-functional collaboration partnerships, making it even more challenging to compete in the fast-moving connected, shared economy.
“It is disruptive for the entire automotive supply chain,” remarks Nathalie Saint Martin, Vice President, Group Purchasing, Faurecia. “We are all learning to evolve together and enhance the added value to our end-customers. The level of collaboration we are now seeing among suppliers is unprecedented.”

Other keynote speeches included market research consultancy Frost & Sullivan’s analysis of automotive trends in the data-driven economy, Testing, Inspection and Certification (TIC) specialist Bureau Veritas’ vision of data protection for automotive and a presentation of industry insights firm WardsAuto’s selection of top 10 best vehicle interiors of 2018.
The event enables a diverse array of supply chain players in automotive interiors to gather with their peers. "Events like this one are a great opportunity to talk face-to-face with other suppliers about industry-wide challenges,” notes Claus Lattner, Director Engineering, Process Management, CoC Cut Sew Wrap Global, Yanfeng Automotive Interiors. “It is not often we find ourselves in the same room to talk about consumer perception and the sustainability of leather, for instance."

“The event provided a great opportunity to interact with suppliers who have a direct impact on innovation in interior design and manufacturing,” said John Sousanis, Managing Director of Wards Intelligence.
For Javier Garcia, Senior Vice-President, Automotive Sales, Lectra, bringing together the automotive leather community is especially important as it rises to new business challenges stemming from continually changing consumer habits and the digitalization of manufacturing processes. “Connectivity and occupant comfort are increasing the amount of high-tech content in automotive interiors, but the up-market appeal of leather makes it a constant,” states Javier Garcia. “By fostering exchange, Lectra is doing its part to help the automotive leather ecosystem evolve to meet new consumer expectations.”

Reinach, Switzerland - Archroma, a global leader in color and specialty chemicals, announced the further integration of M. Dohmen, an international group specializing in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors. This went into effect on May 1, 2018 and follows Archroma expanding its stake in M. Dohmen from 49% to 75% in September 2017.

The increased integration will be implemented in North America and Korea. In North America, 20 employees from M. Dohmen USA, Inc joined Archroma when the company merged into Archroma U.S. Inc. operations in the US and into Archroma Canada, Corporation in Canada.

In Korea, Archroma recently acquired 100% of the shares of M. Dohmen Korea Ltd. The company’s name has been changed to Archroma Korea Ltd on April 30, 2018, and its 75 employees will now work under the Archroma brand.

“The further integration of M. Dohmen into Archroma will enable us to strengthen our offerings to textile markets worldwide” explains Marcos Furrer, President Brand & Performance Textile Specialties and Innovation, Archroma. “Regardless of their location, our customers will continue to benefit from our broad and complementary product portfolios, our dedication to providing outstanding global customer service and our strong commitment to innovation and sustainability.”

Archroma recently acquired 100% of the shares of M. Dohmen Korea Ltd. The company’s name has been changed to Archroma Korea Ltd on April 30, 2018.
(Photo: Archroma)
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Archroma recently acquired 100% of the shares of M. Dohmen Korea Ltd. The company’s name has been changed to Archroma Korea Ltd on April 30, 2018. (Photo: Archroma)
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On May 1, 2018, M. Dohmen USA, Inc merged into Archroma U.S. Inc. operations in the US and into Archroma Canada, Corporation in Canada.
(Photo: Archroma)
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• Additives, pigments and masterbatches for transportation, packaging, textiles & fibers
• Support to “future-proof” medical applications
• Contributing towards more sustainable engineering plastics

Clariant, a world leader in specialty chemicals, turns the spotlight on its increasing on-the-ground support and innovation focus for North America’s four key plastics application segments at NPE 2018 Booth S18155.

Clariant is pushing forward with plans for growth in the region by advancing R&D competencies, and increasing its manufacturing footprint and technical capabilities across its 50+ sites, 3 R&D and 6 technical innovation centers. Clariant’s innovations for the plastics industry include advanced additives, masterbatches and pigments which support the packaging sector in engaging consumers via differentiated, convenient solutions. At NPE, it will also highlight solutions for enhancing and protecting healthcare products, as well as its contribution to stronger and colorful textiles and fibers for everything from e-mobility to industrial applications.

Deepak Parikh, president of region North America, Clariant comments: “Clariant’s product innovation for the US and wider North American plastics industry embraces the region’s fastest growing end-use areas of automotive and construction. It also addresses the impact of trends driven by changing consumer lifestyle preferences and market regulations on other important segments such as packaging and healthcare.”

Transportation
Clariant brings color and protection to support the increasing use of engineering plastics and high temperture resins in automotive interiors, exteriors and under-the-hood. Halogen-free Exolit® OP 1400 provides outstanding flame retardancy to polyamide parts, enhances safety with UL 94 V0 performance down to 0.4 mm and enables the molding of complex parts with no mold deposits and blooming. Exolit OP 1400 has been awarded the Clariant EcoTain®label for outstanding sustainability and performance. At the same time, Clariant offers low-halogen controlled high-performance PV Fast® pigmentswith excellent migration and weather fastness properties to meet the high requirements of today’s transportation and automotive industry. Easy processing Renol® compounds and masterbatches for engineering and high temperature resins provide heat and light stability, and flame retardancy, while maintaining critical flow properties in parts like SMT connectors. Importantly, they are available as small lots which enables customers to purchase only what they require and contribute to a reduction in their carbon footprint.

Packaging
As US packaging manufacturers explore more consumer-friendly, lighterweight and appealing solutions, Clariant is on hand to support their functionality, sustainability-related and color desires. Clariant Pigments has an innovative cooperation with Konica Minolta and matchmycolor to enable fast, precise and efficient color matching of HDPE products, using select organic PV Fast and Graphtol® pigments that comply with FDA regulations. The ColorWorks®center in Chicago is dedicated to US brand managers and designers with teams of color design experts to create color formulations faster than ever before for bottles, caps, closures and films.

According to market reports, plastic pouches are gaining share from traditional pack types in packaged food and are mainstream in home care. To support smoother and more environmentally-compatible processing especially for film applications, Clariant offers an FDA-compliant, vegetable-based powder amide wax, Licolub® FA 1, which acts as a slip and anti-block agent. It is suitable for polyolefins and PVC.

Textiles & Fiber
At NPE 2018, Clariant puts the focus on strong and colorful textiles, carpets and industrial fibers. New AddWorks® TFB 117 offers a number of benefits to help stabilize and smoothen fiber production processes, protect color, and improve heat stability and mechanical properties of fibers. AddWorks TFB 117 ensures smooth spinnability with less filaments breakage, even at low processing temperatures and at high speed spinning up to 5,500 m/min. Clariant also offers a broad range of colorants for polypropylene, polyester, polyamide and acrylic fibers, featuring migration fastness, chemical stability, light- and weather-fastness.

Healthcare
Clariant supports risk control and regulatory compliance for medical polymer and pharmaceutical packaging solutions. Its Mevopur® color and performance masterbatches and compounds include a USP Class 6 line of compliant products and multiple global ISO, 87, 88, and 661.1 certifications ahead of the market deadline. Clariant also offers selected FDA-compliant organic pigments and polymer soluble dyes that meet purity migration fastness as well as toxicological properties for medical devices and pharmaceutical packaging.

At Kingpins Amsterdam, RUDOLF GROUP launches a selection of chemical auxiliaries for fashion and function as well their new HUB 1922.
The RUDOLF GROUP, not completely new to garment and denim finishing, decides to take the first steps of what will be a long and exciting journey in the field. In order to shorten the distance with both manufacturers and apparel brands and retailers it deploys two synergic initiatives:

• A refined selection of chemicals auxiliaries targeting garment finishing and delivering, in addition to current aesthetics, sophisticated functionalities that take denim to the next level in terms of both performance and enhanced quality.
• The launch of a new project that, combining German engineering and Italian style, provides solutions at the crossroad of fashion and utilitarian functionality. The project, called HUB 1922, introduces elements of unorthodox diversity and fosters collaborative environments that can be truly disruptive.

The word HUB is evocative of the main part of something where there is most activity, whereas the number, 1922, is the year of foundation of the RUDOLF GROUP and therefore symbol of heritage, tradition and significant experience. Ultimately, HUB 1922 wants to be the unmatched one-stop shopping for fashion and function, innovation and creativity in garment processing. A hub that enables continuous, synergetic, and powerful collaboration with brands and retailers to deliver disruptive innovations in the global markets.

It introduces functional chemistry in an universe that is almost entirely driven by aesthetics and the extension to other materials and product categories (such as outdoor apparel and performance wear), of knowledge and techniques developed for denim over the past 50 years. Very aware of its status of rookie and yet very determined, the project HUB 1922 begins exploring through concepts and values rooted in deep scientific knowledge, true responsibility, technical innovation and fresh creativity.
At Kingpins Amsterdam, HUB 1922 will present 3 concepts rooted in RUDOLF’s sophisticated and conscious chemistry:

• ODYSSEY: a voyage through textures and innovation, softness, comfort and signature handfeels.
• SHELTER: performance inspired by natural models for urban protection and for much reduced domestic washing.
• MEMOFLEX: A modern-day miracle preventing denim from sagging and bagging. A truly denim Botox that shows improved quality on many stretch fabrics.

Since when it was founded, almost 100 years ago, RUDOLF GROUP’s secret of success is being big enough to matter, small enough to care. Captured in this definition are an obvious desire to play a meaningful role in the textile industry and an equally palpable vocation to customer service.

Alberto de Conti, Head of Rudolf Fashion Division: “Every generation has their time to make a mark on the world. Considering the environmental emergencies in garment production and the lack of real innovation on the retail shelves, for the current generation of companies active in garment finishing that time is now.”

RUDOLF GROUP acknowledges therefore that there is an additional opportunity to responsibly further redefine the future and turns their sizeable R&D power towards refining their approach to what is fashion quintessential staple: garment and denim finishing. Through a renewed, highly responsible involvement in garment finishing and with the introduction of HUB 1922, the RUDOLF GROUP wants to send out a message of true optimism. It is about showing the entire industry that there is a blank canvas ahead and tangible difference can be made.

Huntsman Corporation (NYSE: HUN) is pleased to announce that the Patent Re-examination Board of the State Intellectual Property Office, China (PRB) upheld Huntsman’s Chinese Patents Nos. ZL00106403.7 and ZL200480003051.4.  These patents were contested by Shaoxing Bangyi Chemical Co., Ltd. and Taixing Jinyun Dyestuff Co., Ltd. By its ruling, the PRB rejected the positions of the petitioners and confirmed that Huntsman’s patented technology, which is used in Huntsman’s NOVACRON® Super Black G and NOVACRON® Super Black R dyes, is Huntsman’s valuable innovation for producing deep black shades.

Huntsman sued Jiangsu Jinji Industrial Co., Ltd. and Taixing Jinyun Dyestuff Co., Ltd. for infringing the above mentioned Chinese Patents at the Beijing Intellectual Property Court by using Huntsman’s patented technology in six black dyestuff products. Huntsman is seeking substantial damages and an injunction against further infringement.  Huntsman is also seeking substantial damages and an injunction against further infringement in a separate lawsuit against Zhejiang Longsheng Group Co., Ltd., Zhejiang Keyong Chemical Co., Ltd., and Shanghai Colva Dyestuff Industry Co., Ltd. This matter is currently being heard before the High People's Court, Shanghai.  In earlier decisions, both the Shanghai Intermediate People’s Court and the Shanghai High People’s Court ruled that Shanghai Colva Dyestuff Industry Co., Ltd. had infringed Huntsman’s Chinese Patent No. ZL00106403.7 by manufacturing and selling Colvazol Super Black LC-G and Colvazol Super Black LC-R dyes.

Rohit Aggarwal, President of Huntsman Textile Effects said: “We are very pleased with the PRB’s decision which demonstrates the State Intellectual Property Office’s commitment to steadfastly uphold intellectual property rights in China which protect valuable and advanced technology. This encourages companies like Huntsman to continue to invest in research and development in our aim to bring cutting-edge innovation to the textile industry. Huntsman will vigorously pursue those who are infringing our intellectual property rights to stop the unlawful infringement and pursue full compensation for our losses”.

• Visit Archroma at China Interdye 2018, Booth A100, April 11-13, 2018, at the ShanghaiWorld Expo Exhibition & Convention Center, Shanghai, China

Archroma, a global leader in color and specialty chemicals, will present at China Interdye 2018 its latest technologies, under the motto: “Enhanced solutions for color and performance, it's our nature”.
With a heritage of more than 130 years, Archroma provides solutions that combine performance, safety and low impact on resources. The company can draw on its extensive formulation and technical know-how to offer a constant flow of eco-advanced and innovative new in dyestuff and pigments, as well as process and functional chemicals.
Solution packages for innovation

Visitors at Archroma’s Booth A100. will be able to ‘experience’ Archroma's innovative solutions, in particular:

• EarthColors, traceable from nature to fashion
  The EarthColors patented range of “biosynthetic” dyes for cotton and cellulose-based fabrics, which are made from waste left over by the agricultural and herbal industry after extraction, such as almond shells, saw palmetto, or rosemary leaves. The latest NFC technology used on the end-product hangtags enables transparency and traceability through the supply chain to consumers.
  The EarthColors have been adopted by brands such as Patagonia, Kathmandu and G-Star, and won an OutDoor Industry Award 2017.
   
• Color Atlas, a game-changing system for fashion design
  The Color Atlas by Archroma® is a groundbreaking platform specially devised to address the needs of designers, brands, retailers, and manufacturers, enhancing creative possibilities for the industry as well as manageability and time to market through key complementary tools: The six-volume ‘Color Atlas Library’ with 4,320 color swatches and cotton poplin samples, the ‘Color Atlas Compact’ in two volumes for increased portability, and the ‘Color Atlas Online’ allowing to capture an inspiring image using a smartphone and immediately identify the closest Color Atlas shade palette, with the possibility to purchase a color sample instantly.
   
• ‘Zero add-on’ formaldehyde finishing and coloring solutions
  Since January 1, 2016, formaldehyde is classified by ECHA5 as “may cause cancer” (Carc. 1B). Archroma offers a unique proposition combining: Fixapret® Resin WFF, a “zero add-on” formaldehyde anti-wrinkle finishing system and Helizarin® EcoSafe a “zero add-on”4 formaldehyde printing system. With Fixapret® Resin WFF, and Helizarin® EcoSafe, consumers can enjoy end-products that look good, whilst saving on precious resources and being gentler on the skin.
   
• Sanitized® Odoractiv 10, active odor control function for polyester textiles
  Visitors at the booth will be able to experience a new unique dimension of odor control function for functional polyester textiles. The newly developed wash-resistant Sanitized® Odoractiv 10 has a dual-action effect: on the one hand it prevents the bacteria from docking on the textile, and on the other, it adsorbs odors whilst the garment is being worn.

Spotlight on automotive solutions
Having acquired a 75% stake in the M. Dohmen group, a specialist in textile dyes and chemicals for automotive, carpet and apparel, Archroma is now in the position to extend its offer in expert products and services. M. Dohmen will be present at the show at Booth A118.

Solution packages for sustainability
Brand owners and retailers around the world are taking action to evaluate the environmental impact of textile treatment, dyeing and finishing processes in response to consumer concerns.
Archroma recently introduced the ONE WAY Process Simulator, the last update of a calculation tool that supports its ONE WAY Sustainability Service introduced back in 2012. The new, online software can be used to mimic and compare products and processes, and thus calculate the ecological and economical profile of the final end-product.

On Thursday, March 22nd, C.L.A.S.S., with support from the Council of Fashion  Designers  of  America  (CFDA),  hosted  an  intimate  gathering  of  fashion’s  industry  leaders, educators, designers and members of the press to celebrate An Evening of Smart Innovation.

The event was beautifully orchestrated by Ginger Design, an exceptional team of Italian creatives, filmmakers, food and  textile  designers  as  a  way  to  create  a  unique  immersive  experience  telling  the  story  of  C.L.A.S.S.’ visionary journey. Thus, providing guests with an awareness and chance to embrace knowledge related to four key areas that set new standards for fashion vital to C.L.A.S.S.’ business philosophy:  Heritage, Smart Innovation, Circular Economy and Design Responsibility.

Imagination and responsibility at the forefront of the event, guests entered to view a film by Cristina Picchi that  represented harmony  between the various  phases  of  the  textile  process  and  the  cycles  of  natural elements.

The piece de resistance was a three-dimensional installation designed by Cécile Feilchenfeldt that  contained  exquisite  knits  allowing  guests  to  walk  through  the area to  inspire creativity and explore the  limitless possibilities using innovative  smart  materials.  So,  with  responsible  design  in  mind  the guests  were  able  to  touch  and  feel  the  luxurious  smart  textiles supported  by  sustainable  credentials  from  Bacx  by  Centro  Seta, Bemberg™ by Asahi Kasei, ECOTEC® by Marchi & Fildi, Organic Cotton  Colours,  Re.VerSo™,  ROICA™  by  Asahi  Kasei,  TINTEX Textiles, and Zignone. The new generation of beautiful cottons, rich silks, lush wools and opulent cashmeres showcased throughout the C.L.A.S.S. event currently available to the market.

Giusy Bettoni and the C.L.A.S.S. team from Milan and New  York, as well as several of their partner representatives from around the globe  were  on  hand  to  engage  designers  and  educators  and answer   questions   related   to   smart   materials   and   processes. Designers  and  educators  were  pleased  to  learn  about  the  new C.L.A.S.S. e-commerce site dedicated to emerging designers and fashion  startups,  as  well as  new  details  regarding  C.L.A.S.S. Education  as  a  university   learning  resource,  co-founded   with James  Mendolia,  FIT  Professor,  MFA  Fashion  Design  and  FIT Sustainability Council Member.

Attendees included: Julien Labat, president of Edun and Marilyn Balkaransingh Director of  Fabric  R&D of  Edun, J.R.  Campbell  and  Young  Kim  Thanos of Kent State’s School of Design and Merchandising, Lisa Smilor and Stephanie  Soto of  CFDA,  Nomi  Dale  Kleinman of  FIT,  Susan Easton, founder   of   From   the   Road,   Nicole   Fischelis,   Heron Preston, Luciana Scrutchen of Parsons School of Design and Kay Unger, chair of the Board of Governors for Parsons, among others.
 

• Spanish outdoor and sportswear market leader expands international presence thanks to Lectra’s latest product lifecycle management solution

Ismaning/Paris – Lectra, the technological partner for companies using fabrics and leather, is pleased to announce that the Ternua Group, a world-renowned Spanish outdoor clothing and sportswear group, has chosen Lectra Fashion PLM 4.0 to increase their geographical presence by improving global teamwork.

Founded in 1994, the Ternua Group has achieved worldwide success by promoting adventure through respect for nature, producing sustainable technical clothing for outdoor sports enthusiasts worldwide. The group’s strong commitment to the environment is shown through their R&D that focuses on developing their own fabric by using eco-friendly materials such as organic cotton and recycled down.

Today, the group’s portfolio includes three brands Ternua, Astore and Lorpen, currently exporting to more than 50 countries, with operations in Europe, America and Asia. Compounding this global success, the ambitious group plans to penetrate more markets across the globe.

The group is implementing Lectra Fashion PLM 4.0 into their entire production process. Specifically developed to help fashion companies navigate the digital era, this modular and user-friendly solution will help the Ternua Group centralize and store information coming from their brands by digitalizing their supply chain. This will connect all teams involved in the design-to-production process, regardless of geographic location. Team members will also be able to comm unicate better with external suppliers, access accurate information and keep track of every collection’s development progress. The group can hence speed up the entire production process and help their brands deliver their collections to markets all over the world on time.

“We manage our design and product development processes in-house but outsource our production in Europe, north of Africa and Asia. For our business to expand globally, we need to go fully digital. By having a system that consolidates and standardizes data coming from all supply chain actors across the world, we can respond faster to consumer demand,” explains Aitor Barinaga, Chief Operations Officer, Ternua Group. “We have assessed all other vendors—and Lectra Fashion PLM 4.0 is clearly the winner. It has the ability to fully integrate all processes and improve communication and teamwork across all departments through sound data management. We are more than happy to have a trusted partner as Lectra for such an ambitious project.”

“Ternua Group is constantly pushing the boundaries of innovation. This is shown through their desire to help customers achieve their personal best by providing them with high-performance technical wear that is also environmentally friendly. We are thrilled to embark on this new journey with the Ternua Group, and we are confident that our solution and expertise will help them get their collections out to new markets on time,” says Rodrigo Siza, Managing Director, Spain and Portugal, Lectra.

• Revenue increased by 5.9 percent to EUR 2.26 bn
• EBITDA up 17.3 percent to EUR 502.5 mn
• Dividend proposal of EUR 3.00/share plus a special dividend of EUR 2.00/share
• New brand strategy to generate a strong message to consumers
• Limited visibility for coming quarters

In 2017, the Lenzing Group reports its best financial performance ever with record revenue and earnings due to a better product mix and higher selling prices in combination with a generally favorable market environment.

Group revenue grew by 5.9 percent in the 2017 financial year to EUR 2.26 bn (2016: EUR 2.13 bn). Group earnings before interest, tax, depreciation and amortization (EBITDA) improved by 17.3 percent to EUR 502.5 mn (2016: EUR 428.3 mn). The corresponding EBITDA margin rose to 22.2 percent (2016: 20.1 percent). Earnings before interest and tax (EBIT) increased by 25.2 percent to EUR 371 mn, resulting in a higher EBIT margin of 16.4 percent (2016: 13.9 percent). The net profit for the year totaled EUR 281.7 mn, a rise of 23 percent from the prior-year figure of EUR 229.1 mn. Earnings per share in the 2017 financial year amounted to EUR 10.47 (2016: EUR 8.48).

The Management Board and the Supervisory Board will propose at the upcoming Annual General Meeting a stable dividend of EUR 3.00 per share plus an increased special dividend of EUR 2.00 per share (2016: EUR 1.20 per share). In total, the dividend will amount to EUR 5.00 per share, corresponding to a dividend payment to shareholders of EUR 132.75 mn.

“The Lenzing Group looks back at a very successful year 2017. We continued to implement our corporate strategy sCore TEN with great discipline and focus on our investment projects and successfully captured value in a positive market environment. Our commitment to innovation and customer centricity was underpinned by the opening of an application innovation center in Hong Kong and the creation of the new sales and marketing office in Turkey. In line with sCore TEN we decided to revamp our brand architecture and image to sharpen Lenzing’s corporate and product profiles for customers and consumers. We want to put a stronger emphasis on our ambition to make the textile and nonwoven market more sustainable”, says Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

“We are very positive about our chosen strategy as it will help us to be more resilient as we expect more headwinds in the upcoming quarters”, he adds.