From the Sector

Archroma has made its AVITERA® SE technology accessible to more brands and mills with the launch of AVITERA® SE GENERATION NEXT for more cost-effective sustainable dyeing of cellulosic fibers and blends.

With an improved cost-to-performance ratio for new dark and extra-dark shades, the AVITERA® SE GENERATION NEXT range helps mills produce differentiated end articles that comply with the environmental requirements of leading brands and retailers while increasing yield, improving productivity and reducing processing costs.

With high-speed low-temperature wash-off, high process reliability and great reproducibility, AVITERA® SE Generation Next allows mills to achieve water and energy savings of up to 50% and to slash CO₂ emissions and effluent discharge by up to 50% as well. It can also increase mill output by up to 25% or more. The dyes are free from arylamines, including PCA^[1], and offer fastness properties, retaining their colors through repeated home laundering and exposure to light, perspiration and chlorine.

Three new dark colors have been added to the AVITERA® SE range:

• AVITERA® BLACK PEARL SE: A greenish-cast black dye with high color consistency that can be used to correct metamerism.
• AVITERA® BLUE HORIZON SE: A deep blue element with good light fastness in medium to deep shades, as well as high oxidative fastness and high resistance to nitrogen oxides (NOx) in the atmosphere.
• AVITERA® NIGHT STORM SE: A new navy shade with a greenish cast and strong build up. It is recommended for dyeing the deepest navy and combination shades.

^[1] Non-detectable on the garment

Toros Greenhalgh becomes General Manager of the new KARL MAYER subsidiary in Türkiye

In October 2023, the KARL MAYER GROUP established its own site in Bursa, Türkiye, thus increasing its presence in one of its most important markets. KARL MAYER TURKEY will meet increasing customer demands for after-sales service, spare parts (Care Solutions), and academy, in the sectors of warp knitting and warp preparation, while KARL MAYER’s long-standing regional representative ERKO focuses on machine sales.

Toros Greenhalgh was appointed General Manager of KARL MAYER TURKEY on February 1st of this year. Holding a degree in mechanical engineering and materials science from the University of Birmingham, he comes with experience in the fields of industrial plant construction management, renewable energy technologies, and the distribution of medical devices. For the past seven years he has been active in the sector of textile machinery through ERKO with particular focus on KARL MAYER machine sales, service, and spare parts.

RadiciGroup announced the appointment of Stefano Pigozzi to the Board of Directors of Radici Partecipazioni SpA, the parent company overseeing all the Group's business activities in the chemicals, engineering polymers and advanced textile solutions sectors.
 
A professional with proven experience in the chemical industry, Mr. Pigozzi will complement the Board with his strategic vision acquired in international organizations.
 
Stefano Pigozzi graduated from the University of St. Gallen in Switzerland with a degree in Business Administration and started his work experience in the finance division of BASF in the late 1980s. Since then, chemistry has remained at the centre of his career: over the years, he has held marketing and sales positions of increasing responsibility in various business sectors (plastics and inorganics), moving up to more strategic and managerial roles within BASF, including president of the Monomers Division and, most recently, head of the Group Global Purchasing Division at the Ludwigshafen headquarters.
 
During his more than 30-year career at BASF, Mr. Pigozzi has consistently demonstrated his leadership capability, his financial analysis skills and his dedication to corporate business success. He has also contributed significantly to the positioning of BASF as a global leader in the chemical industry.
 
Mr. Pigozzi’s appointment to the Board of Directors of Radici Partecipazioni is aimed at strengthening RadiciGroup's presence in the market and helping to guide the company towards new goals.

• EBITDA of around EUR 300 million expected for 2023
• Non-cash impairment losses of up to EUR 480 million
• Implementation of the performance program fully on track

The annual valuation of assets in accordance with IFRS for the entire Lenzing Group both nationally in Austria and internationally, has resulted in a projected asset impairment of up to EUR 480 million for the 2023 financial year.¹ The reasons for the impairment requirements are, on the one hand, continued uncertainties in the economic environment and, on the other hand, still increased raw material and energy costs as well as a higher interest rate environment.

The impairment losses are non-cash effective and have no impact on the full-year EBITDA for 2023, but do affect EBIT for the 2023 financial year. The Managing Board is specifying the previous earnings forecast for the 2023 financial year (EBITDA: EUR 270 – 330 million) and expects an EBITDA of around EUR 300 million.

Stephan Sielaff, Chief Executive Officer of the Lenzing Group: “In the third quarter of 2023, we responded to the persistently difficult market environment and launched a comprehensive performance program, which we have been consistently implementing since then with a focus on positive free cash flow and stronger sales and margin growth. We can therefore confirm our earnings forecast with an EBITDA of around EUR 300 million. The valuation adjustment in accordance with IFRS does not change the strategic orientation of the Lenzing Group.”

Nico Reiner, Chief Financial Officer, adds: “The implementation of the performance program is going according to plan. In the future, cost measures alone are expected to contribute more than EUR 100 million to earnings annually, of which more than EUR 50 million will already be effective for the 2024 financial year. We are on target, particularly in terms of strengthening free cash flow, and we also achieved positive free cash flow in the fourth quarter. The revaluation of assets is now consistent and the right step for the future direction.”

The 2023 annual results will be presented on March 15, 2024.
 

¹ Subject to potential changes resulting from the ongoing financial audit

Solvay is partnering with transportation providers KIITOSIMEON and ADAMS LOGISTICS to reduce the carbon footprint of its facility in Voikkaa, Finland. Known for its hydrogen peroxide technology, the site has a yearly capacity of 85 kilotons, making it the largest hydrogen peroxide unit in the country and one of the largest in Europe. However, the transportation of its products results in more than 850 tons of CO2 emissions annually, attributed to the several thousands deliveries conducted each year.

While the Voikkaa site has been operating on 100% wind-generated electricity since 2023, the journey towards decarbonization takes another step forward as it transitions transportation fuel from diesel to biofuel in the first quarter of 2024. This shift will result in a significant annual reduction of over 700 tons of CO2 emissions, representing more than 8O% reduction in the site's transportation carbon footprint.

As part of its commitment to carbon neutrality by 2050, Solvay has outlined a sustainability roadmap with around 40 energy transition projects. These projects focus on eliminating coal usage, emphasizing renewable energy sources, prioritizing energy efficiency, and driving process innovation. Solvay has further committed to reduce its emissions* along the value chain by 20% by 2030.

*scope 3 emissions, focus 5 categories, 2021 baseline

Archroma proudly announced the continuation of its longstanding partnership with SANITIZED AG, marking collaborative success in the textile industry. This enduring alliance has been a cornerstone in driving innovation and setting industry standards, particularly for odor and hygiene management within the home textiles and apparel industry.

Archroma, one of the best chemical suppliers in the markets, further solidifies its position through the acquisition of Huntsman’s Textile Effects division in February 2023.

The acquisition enabled Archroma to broaden its global reach and technical expertise. Paired with our strong expertise in freshness additives, we enhance our marketing teams for joint communication, enhance the salesforce in the regions and strengthen our innovation force to drive the industry towards more sustainable solutions,” says Michael Lüthi, CEO of SANITIZED AG.

With a focus on strategic development, Archroma and SANITIZED AG aim to reinforce mills and brands in elevating their products by adding the value of freshness to their products and providing high-quality effects. This collaboration offers customers a flexible package, completed with application support through technical service and expertise, along with access to a strong product portfolio. Notably, the partners are ready to lead market trends and transformations, particularly in freshness finishes, ensuring their collective success in the dynamic landscape.

SHIMA SEIKI ITALIA S.p.A., Italian subsidiary of leading Japanese computerized knitting solutions provider SHIMA SEIKI MFG., LTD., will exhibit at the 94th edition of the Pitti Immagine Filati exhibition in Florence, Italy (24th-26th January 2024). It will exhibit as part of the CustomEasy section, which involves the concept of Fashion at Work and explores customization in the presence of textile machinery and design software, represented in part by SHIMA SEIKI's lineup of WHOLEGARMENT® knitting machines and APEXFiz® design software.

The new SWG-XR® flagship machine features 4 needle beds for all-needle knitting of high quality WHOLEGARMENT® products using the company's original SlideNeedle™, in addition to a re-designed sinker system and a compact, light-weight carriage featuring 4 systems as well as auto yarn carriers. All contribute to increased productivity of more than 25% over the previous MACH2®XS machine, as well as increased product range using a wider variety of yarn for supporting knits for all seasons, and higher quality for knitting beautiful fabrics and silhouettes; even items that were impossible to knit with the MACH2® series, including punch-lace patterns, variable stitch knitting and intarsia knitting. Setting new standards for the next generation of waste-free, sustainable WHOLEGARMENT® knitting, SWG-XR® at Pitti Filati will be shown in 15L and 18L as well as a prototype machine in 22L.

APEXFiz® subscription-based design software supports the creative side of fashion from planning and design to colorway evaluation, realistic fabric simulation and 3D virtual sampling. Virtual samples are a digitized version of sample making that are accurate enough to be used effectively as prototypes. By replacing physical samples, virtual samples reduce time, cost and material that otherwise go to waste.

The product planning capability of APEXFiz® is enhanced by several web services featured as part of the SHIMA SEIKI Online Services (SHIMA online) web platform. These include SHIMA Datamall™ digital content web service that allows users to search, browse and purchase a variety of useful data for streamlining the planning and production of fashion items, as well as the recently renewed yarnbank® digital yarn sourcing web service that offers digitized yarn data by yarn companies from around the world for download and use in virtual sampling. SHIMANAVI® e-learning system is also part of the online platform.

TrusTrace, a SaaS company with for product traceability and compliance, has announced the completion of a (U.S.) $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

According to Shameek Ghosh, CEO and Co-Founder of TrusTrace, the new investment will enable the company to further accelerate its global expansion ambitions by strengthening its presence in key markets, deepening product innovation and expanding collaborations – helping to create a global network where all value chains are traceable, circular, and fair.

Traceability has accelerated in importance and momentum as a key enabler of sustainable transformation, as evidenced by TrusTrace’s five-fold growth in subscription revenue in the 27 months since the previous growth round by Fairpoint Capital and Industrifonden in 2021, preceded by seed funding from Backing Minds in 2019.

With more than a billion products now tracked through the platform, TrusTrace has established itself as a business-critical solution for supply chain traceability. TrusTrace customers include adidas, Brooks Running, Tapestry, Asics and many more. TrusTrace also plans to offer its services to regional and mid-size brands in 2024.

Archroma is showcasing its planet conscious innovations and solution systems at this year’s Colombiatex de Las Américas, being held from January 23 to 25, 2024.

Archroma is using its attendance at Colombiatex 2024 to introduce a new concept that promises to help the region’s brands and mills optimize their productivity, add value to their products and create a positive impact on the environment: Super Systems+.

The Super Systems+ solutions offer great performance, including end-product durability, while meeting sustainability targets with cleaner chemistries that comply with current and anticipated industry regulations or deliver resource savings, or both. Solutions are currently available for popular end-use segments, from denim to cotton and poly-cotton knits.

For black denim with a cleaner environmental footprint, brands and mills can choose DIRESUL® EVOLUTION BLACK to create unique shade and wash-down effects with an overall impact reduction of 57% compared to standard Sulfur Black 1 liquid.* For authentic blue denim, Archroma’s aniline-free** pre-reduced DENISOL® PURE INDIGO 30 LIQ produces coveted indigo colors with the same performance and efficiency as conventional indigo dye, but in a more planet-friendly way.

To embrace circularity and create natural shades on cellulosic-based fibers including cotton, kapok, linen and viscose, brand owners can now turn to Archroma’s patented EarthColors® technology. It makes high-performance biosynthetic dyes from non-edible natural waste, such as almond shells, bitter orange residues and cotton production byproducts, helping conserve natural resources. For next-generation processing of polyester and its blends, Archroma’s ERIOPON® E3-SAVE all-in-one auxiliary combines pre-scouring, dyeing and reduction clearing in a single bath to achieve substantial savings of water, energy and time.

For weather protection and stain resistance that is both economically and environmentally sustainable, Archroma Super Systems+ draw on an extensive portfolio of fluorine-free durable water repellents.

* Ecotarrae lifecycle analysis
** Below limits of detection according to industry standard test methods

The GoodTextiles Foundation has implemented a school library in the local primary school in Tamil Nadu, India. As a result, the children now have unrestricted access to additional literature.

At the PUPS Naranikuppam primary school in Tamil Nadu, the GoodTextiles Foundation has already provided access to separate sanitary facilities and clean drinking water. Now, with the help of the foundation, a school library has also been set up. The GoodTextiles Foundation is supporting the project with a total of €3,900.00, of which €1,425.00 comes from a donation from Dibella, which was realised with the greenhouse gas premium. The remainder was financed with donations already received.

A large selection of books tailored to the age and interests of the pupils was purchased for the library, as well as a shelf and a seating area. With a new Smart TV, the children can now also be introduced to digital media and how to use it. An air conditioning system provides pleasant temperatures to improve learning conditions. The newly tiled floor, new glass windows and a new glass door also improve the building-specific conditions.

The school is located directly next to a sewing company where the single mothers of the pupils work.

In 2016, the textile company Dibella established the GoodTextiles Foundation with the aim of making textile value chains more sustainable. It raises donations and implements its own funding projects to benefit people at all stages of the textile industry.