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24.01.2024

Rieter: First information on the financial year 2023

  • Sales of CHF 1 418.6 million in the financial year 2023
  • Order intake of CHF 541.8 million in the financial year 2023; order backlog of around CHF 650 million as of December 31, 2023
  • EBIT margin of around 7% expected for the full year 2023 at the upper end of the guidance
  • Market remains challenging

The Rieter Group closed the financial year 2023 with slightly lower sales than in the previous year. According to the first, unaudited figures, total sales of CHF 1 418.6 million were achieved, which is around 6% down on the previous year (2022: CHF 1 510.9 million). In line with expectations, the order intake of CHF 541.8 million was considerably below the previous year (2022: CHF 1 157.3 million). Rieter expects a positive EBIT margin of around 7% for the full year 2023 (2022: 2.1%).

  • Sales of CHF 1 418.6 million in the financial year 2023
  • Order intake of CHF 541.8 million in the financial year 2023; order backlog of around CHF 650 million as of December 31, 2023
  • EBIT margin of around 7% expected for the full year 2023 at the upper end of the guidance
  • Market remains challenging

The Rieter Group closed the financial year 2023 with slightly lower sales than in the previous year. According to the first, unaudited figures, total sales of CHF 1 418.6 million were achieved, which is around 6% down on the previous year (2022: CHF 1 510.9 million). In line with expectations, the order intake of CHF 541.8 million was considerably below the previous year (2022: CHF 1 157.3 million). Rieter expects a positive EBIT margin of around 7% for the full year 2023 (2022: 2.1%).

Outlook
Rieter is operating in a challenging market environment due to the economic and geopolitical conditions as well as the continuing weak demand. There are initial signs of a market recovery visible for the financial year 2024. Rieter will present an outlook for the financial year 2024 at the annual results press conference on March 13, 2024.

Source:

Rieter Holding AG

Advance Denim launches collection with Lenzing's matte TENCEL™ Lyocell fibers (c) Advance Denim
24.01.2024

Advance Denim launches collection with Lenzing's matte TENCEL™ Lyocell fibers

Lenzing Group announced the collaboration with China’s internationally recognized denim mill, Advance Denim, to use matte TENCEL™ Lyocell fibers for their latest Denim Collection.

The TENCEL™ brand offers innovative and planet-friendly fiber solutions1 that strive to enhance the adoption of responsible production2 within the textile industry. Leveraging resource-saving, closed-loop production process3, TENCEL™ fibers are naturally soft and smooth to the touch and support a natural dry feeling through moisture control. The rollout of matte TENCEL™ Lyocell fibers in 2021 provided denim manufacturers with a solution that enabled them to enjoy the ample tactile and environmental benefits of TENCEL™ fibers, while also maintaining a matte finish on the end product.

Lenzing Group announced the collaboration with China’s internationally recognized denim mill, Advance Denim, to use matte TENCEL™ Lyocell fibers for their latest Denim Collection.

The TENCEL™ brand offers innovative and planet-friendly fiber solutions1 that strive to enhance the adoption of responsible production2 within the textile industry. Leveraging resource-saving, closed-loop production process3, TENCEL™ fibers are naturally soft and smooth to the touch and support a natural dry feeling through moisture control. The rollout of matte TENCEL™ Lyocell fibers in 2021 provided denim manufacturers with a solution that enabled them to enjoy the ample tactile and environmental benefits of TENCEL™ fibers, while also maintaining a matte finish on the end product.

“Matte TENCEL™ fibers are an extremely important innovation for the denim sector as they address the need for responsible denim made with less shine for a more vintage look. Many brands are currently looking for styles that meet this criterion while also providing softness and drapability for wide-leg jeans. Matte TENCEL™ fibers create the perfect mixture of performance and sustainability without sacrificing that true vintage indigo look,” said Amy Wang, General Manager of Advance Denim. “The matte denim in the ‘Denim Collection’, achieved by using matte TENCEL™ fibers, not only has exceptional softness to the touch, but its fiber properties also make the denim more like traditional cotton jeans after washing. This will enable the final garments to retain the intended retro style of the fabric.”

 

1 TENCEL™ Lyocell and Modal fibers are certified with the EU Ecolabel for textile products (license no. AT/016/001) for environmental excellence.
2 The responsible production of TENCEL™ Lyocell and Modal fibers uses at least 50% less water and emits at least 50% less CO2 compared to generic lyocell and modal fibers, according to Higg MSI, thereby saving precious resources for future generations. Results based on LCA standards (ISO 14040/44) and available via Higg MSI (Version 3.7).
3 Savings consider solvent recovery.

Source:

Lenzing Group

Disney unveils virtual ‘HoloTile’ floor technology (c) Disney, The Walt Disney Company
Lanny Smoot, Disney Imagineer and Creator of HoloTile floor
22.01.2024

Disney unveils virtual ‘HoloTile’ floor technology

Disney unveiled the HoloTile floor, created by Disney Research Fellow and longtime member of Walt Disney Imagineering Research & Development Lanny Smoot.

The HoloTile floor is a multi-person, omni-directional, modular, expandable, treadmill floor. It allows any number of people to have a shared virtual reality (VR) experience, walk an unlimited distance in any direction, and never collide or walk off its surface.

The HoloTile floor can also be an insert in a theatrical stage, allowing performers to move and dance in new ways, or stage props and structures to move around or appear to set themselves up.

The new technology was revealed (see here), as Lanny Smoot is being inducted into the National Inventors Hall of Fame. He is the first Disney Imagineer to receive this recognition.

Disney unveiled the HoloTile floor, created by Disney Research Fellow and longtime member of Walt Disney Imagineering Research & Development Lanny Smoot.

The HoloTile floor is a multi-person, omni-directional, modular, expandable, treadmill floor. It allows any number of people to have a shared virtual reality (VR) experience, walk an unlimited distance in any direction, and never collide or walk off its surface.

The HoloTile floor can also be an insert in a theatrical stage, allowing performers to move and dance in new ways, or stage props and structures to move around or appear to set themselves up.

The new technology was revealed (see here), as Lanny Smoot is being inducted into the National Inventors Hall of Fame. He is the first Disney Imagineer to receive this recognition.

Smoot is also credited with giving Madame Leota her ability to “float” in the Séance Room at the Haunted Mansion at Disneyland Park; crafting the state-of-the-art extendable lightsaber used by Disney Live Entertainment; inventing the Magic Playfloor interactive game experience on the Disney Cruise Line; producing the immersive Fortress Explorations adventure at Tokyo DisneySea; and designing the virtual and interactive koi ponds at the Crystal Lotus Restaurant at Hong Kong Disneyland Hotel.

More information:
Disney floor space Virtual Reality
Source:

Disney, The Walt Disney Company

22.01.2024

MUNICH FABRIC START gibt Programm bekannt

Unter dem Titel CLARITY bringt die MUNICH FABRIC START vom 23. bis 25. Januar 2024 Designer, Produktverantwortliche und Modemacher aus ganz Europa zusammen. Flankiert von THE SOURCE, BLUEZONE und dem KEYHOUSE werden rund 1.000 internationale Kollektionen der Saison Frühjahr/Sommer 2025 für die globale Mode- und Bekleidungsindustrie präsentiert.

Abgerundet wird das Angebot durch ein vielfältiges Rahmenprogramm, bestehend aus Keynotes, Podiumsdiskussionen, Trendpräsentationen, Q&A Sessions und mehr mit internationalen Expertinnen und Experten aus den verschiedensten Bereichen der Branche. In den TREND LECTURES (Keyhouse – Halle 5) und der SEMINAR ZONE (BLUEZONE – Halle 7) teilen über 50 Speakerinnen und Speaker in mehr als 30 Vorträgen ihre Expertise, bieten Einblicke in die verschiedensten Bereiche der Branche und klären über neuste Trends und Innovationen auf.

Das vollständige Rahmenprogramm finden Sie hier.

Unter dem Titel CLARITY bringt die MUNICH FABRIC START vom 23. bis 25. Januar 2024 Designer, Produktverantwortliche und Modemacher aus ganz Europa zusammen. Flankiert von THE SOURCE, BLUEZONE und dem KEYHOUSE werden rund 1.000 internationale Kollektionen der Saison Frühjahr/Sommer 2025 für die globale Mode- und Bekleidungsindustrie präsentiert.

Abgerundet wird das Angebot durch ein vielfältiges Rahmenprogramm, bestehend aus Keynotes, Podiumsdiskussionen, Trendpräsentationen, Q&A Sessions und mehr mit internationalen Expertinnen und Experten aus den verschiedensten Bereichen der Branche. In den TREND LECTURES (Keyhouse – Halle 5) und der SEMINAR ZONE (BLUEZONE – Halle 7) teilen über 50 Speakerinnen und Speaker in mehr als 30 Vorträgen ihre Expertise, bieten Einblicke in die verschiedensten Bereiche der Branche und klären über neuste Trends und Innovationen auf.

Das vollständige Rahmenprogramm finden Sie hier.

Source:

MUNICHFABRICSTART Exhibitions GmbH

22.01.2024

SHIMA SEIKI at Pitti Filati 94

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.

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.

Source:

SHIMA SEIKI

Checkpoint Systems: DeArm-Technologie schützt vor illegalen Magnetöffnern (c) Checkpoint Systems, CCL Industries Inc
22.01.2024

Checkpoint Systems: DeArm-Technologie schützt vor illegalen Magnetöffnern

Checkpoint Systems, ein Anbieter von RFID- und RF-Technologielösungen, bietet Einzelhändlern mit Alpha Edge Schutz vor selbstgebauten oder auf dem Schwarzmarkt erhältlichen Magnetöffnern. Die neue Stufe des Produktschutzes ist kompatibel mit allen bestehenden Alpha-Lösungen.

Checkpoint Systems, ein Anbieter von RFID- und RF-Technologielösungen, bietet Einzelhändlern mit Alpha Edge Schutz vor selbstgebauten oder auf dem Schwarzmarkt erhältlichen Magnetöffnern. Die neue Stufe des Produktschutzes ist kompatibel mit allen bestehenden Alpha-Lösungen.

Die Alpha Edge DeArm-Technologie wurde entwickelt, um das Entfernen oder Ausschalten von Alpha-Produkten durch organisierte Banden zu verhindern und schützt vor illegalen Lösern wie selbstgebauten oder auf dem Schwarzmarkt erhältlichen Magnetöffnern. „Wird ein mit dieser Technologie geschütztes Produkt mit einem selbstgebauten oder auf dem Schwarzmarkt gekauften Öffner im Ladengeschäft entsichert, löst das einen Alarm aus – auch, wenn der Entferner korrekt ist. Die einzige Möglichkeit, das Auslösen des akustischen 98dB-Alarms zu verhindern, ist eine vorherige Deaktivierung des Sensors mit einem Radiofrequenz- (RF) oder akustisch-magnetischen (AM) Deaktivator im Kassenbereich“, erklärt Hans-Jürgen Nausch, Business Unit Director Deutschland von Checkpoint Systems. Alle mit der DeArm-Technologie geschützten Produkte müssen am POS oder bei einer SCO (Selbst-Checkout-Kasse) zum Scannen vorgelegt und über den Deaktivierungsbereich geführt werden, bevor die Sicherung entfernt werden kann. Die Technologie bietet Einzelhändlern eine neue Stufe des Produktschutzes und sorgt dafür, dass alle Produkte zuverlässig gesichert sind.

Für dieses erhöhte Sicherheitslevel ist keine Aufrüstung der vorhandenen Hardware erforderlich. Das zusätzliche Schutzniveau funktioniert mit allen bestehenden Alpha-Lösungen und kann neben den Standard-Alpha-1, -2 oder -3-Alarmprodukten speziell für besonders diebstahlgefährdete oder teure Waren eingesetzt werden. Die Technik ist kompatibel mit bestehenden RF- und AM-Deaktivierungsverfahren, muss nicht für alle zu schützenden Produkte verwendet werden, ist einfach zu bedienen und wiederverwendbar.

Für die patentierte Technologie ist ein breites Spektrum an Anwendungstypen verfügbar – von Kabelschlössern für Handtaschen oder Gürtel über Box-Oberflächen-Tags für verpackte Waren bis hin zu gebogenen Verpackungen beispielsweise für hochwertige Whiskey-Metalldosen, Champagner oder Kerzen und Hardtags für Jeans oder Schuhe.
Ein Teil der Produkte wird entweder mit einem S3- oder einem Superlok-Öffner entfernt, die zweite Variante ist mit einem Einweg-Klebepad am Produkt befestigt, das sich nach der Entschärfung einfach vom Produkt abdrehen lässt. Detacher-basierte Produkte sind Cableloks, Sled Box Tags und Hardtags. Die klebstoffbasierten Sensoren (gebogene Etiketten und Mini Bug Tags) hinterlassen keine Rückstände oder Beschädigung – selbst bei empfindlichen Verpackungen nicht.

Source:

Checkpoint Systems, CCL Industries Inc

22.01.2024

bvse: Ab 2025 Energiebeihilfen für Kunststoffrecyclingunternehmen

Kunststoffrecyclingunternehmen können ab dem 1. Januar 2025 wieder Energiebeihilfen beantragen. Das teilte der bvse-Bundesverband Sekundärrohstoffe und Entsorgung in einem Mitgliederrundschreiben mit.

Nach den Erläuterungen fallen unter den förderungsfähigen Wirtschaftszweig 20.16 (Herstellung von Kunststoffen in Primärform) nun auch folgende Tätigkeiten der Kunststoffrecyclingbranche:

Kunststoffrecyclingunternehmen können ab dem 1. Januar 2025 wieder Energiebeihilfen beantragen. Das teilte der bvse-Bundesverband Sekundärrohstoffe und Entsorgung in einem Mitgliederrundschreiben mit.

Nach den Erläuterungen fallen unter den förderungsfähigen Wirtschaftszweig 20.16 (Herstellung von Kunststoffen in Primärform) nun auch folgende Tätigkeiten der Kunststoffrecyclingbranche:

  • Herstellung von Zellulose und ihren chemischen Derivaten,
  • Herstellung von Kunstpulvern, -granulaten oder -flocken durch Compoundieren oder Umwandeln von Kunststoffharzen sowie aus wiedergewonnen Kunststoffabfällen,
  • Herstellung von recyceltem Kunststoff in Flakes oder Kunststoffgranulaten auf Basis von vorbehandelten Kunststoffabfällen durch stoffliche Verwertungsverfahren.

Wie die bvse-Justiziarin Annette Reber erläuterte, hat die Klassifikation der Wirtschaftszweige neben statistischen Zwecken auch eine wichtige Bedeutung für die Bewilligung von Energiebeihilfen. Staatliche Energiebeihilfen dürfen, so Reber, nur den Unternehmen bewilligt werden, die zu den in den europäischen Leitlinien für staatliche Klima-, Umweltschutz- und Energiebeihilfen 2022 (KUEBLL) aufgeführten Wirtschaftszweigen gehören. Der Wirtschaftszweig 20.16. (Herstellung von Kunststoffen in Primärform) wird als förderungsfähig angesehen, der Wirtschaftszweig 38.31 (Rückgewinnung sortierter Werkstoffe) hingegen nicht.

Source:

bvse-Bundesverband Sekundärrohstoffe und Entsorgung e.V.

22.01.2024

Adient again ranked as Top Employer

Adient, a leader in automotive seating, has been certified for the second time by the Top Employers Institute as a European Top Employer for several of its EMEA locations.
 
23 of the automotive supplier’s locations in the Czech Republic, Hungary, North Macedonia, Poland, Romania, and Serbia underwent an extensive assessment by the institute and were evaluated in categories such as People Strategy, Work Environment, Talent Acquisition, Learning, Diversity & Inclusion, Wellbeing and more. All six assessed markets obtained the certification, having already done so in last year’s edition.
 
While the organization’s overall score improved by 4.5% compared to 2023, Adient stands out the most from its competitors in the areas of People Strategy and DE&I practices, at 11% and 7%, respectively.

The Top Employers Certification Program has been created to provide guidance on people practices of employers in a wide range of industries. It evaluates companies worldwide and provides feedback on their working culture based on a best practice survey.

Adient, a leader in automotive seating, has been certified for the second time by the Top Employers Institute as a European Top Employer for several of its EMEA locations.
 
23 of the automotive supplier’s locations in the Czech Republic, Hungary, North Macedonia, Poland, Romania, and Serbia underwent an extensive assessment by the institute and were evaluated in categories such as People Strategy, Work Environment, Talent Acquisition, Learning, Diversity & Inclusion, Wellbeing and more. All six assessed markets obtained the certification, having already done so in last year’s edition.
 
While the organization’s overall score improved by 4.5% compared to 2023, Adient stands out the most from its competitors in the areas of People Strategy and DE&I practices, at 11% and 7%, respectively.

The Top Employers Certification Program has been created to provide guidance on people practices of employers in a wide range of industries. It evaluates companies worldwide and provides feedback on their working culture based on a best practice survey.

22.01.2024

Fashion for Good addresses challenges of sorting for rewearable textiles

Fashion for Good's Sorting for Circularity framework expands to address the challenge of ensuring rewearable textiles remain in use as opposed to finding their way into global waste streams or landfills. This 18-month project tests automated sorting technologies using artificial intelligence and machine learning to optimise the sorting of rewearable garments and enable greater circularity.

This project will test automated sorting technologies using machine learning and artificial intelligence (AI) to collect product information — such as colour, style, garment type, and quality. This will enable sorters and brands to make better decisions and sort efficiently based on product data and criteria from local, European, and export resale market requirements, thus optimising the flow of textiles to achieve their highest value potential.

To ensure accuracy and representation in capturing data on the flow of textiles within the EU and export markets, this project will focus on specific geographical regions: Lithuania (Nordic/Baltic), the Netherlands (Western), Poland (Central-Eastern), and Spain (Southern Europe).

Fashion for Good's Sorting for Circularity framework expands to address the challenge of ensuring rewearable textiles remain in use as opposed to finding their way into global waste streams or landfills. This 18-month project tests automated sorting technologies using artificial intelligence and machine learning to optimise the sorting of rewearable garments and enable greater circularity.

This project will test automated sorting technologies using machine learning and artificial intelligence (AI) to collect product information — such as colour, style, garment type, and quality. This will enable sorters and brands to make better decisions and sort efficiently based on product data and criteria from local, European, and export resale market requirements, thus optimising the flow of textiles to achieve their highest value potential.

To ensure accuracy and representation in capturing data on the flow of textiles within the EU and export markets, this project will focus on specific geographical regions: Lithuania (Nordic/Baltic), the Netherlands (Western), Poland (Central-Eastern), and Spain (Southern Europe).

The findings will be shared in a report with a supporting business case and implementation roadmap to inform investment decisions in infrastructure, Circular Business Models (CBM) and repair centres.

The Rewear Project builds on Fashion for Good’s Sorting for Circularity framework initiated in 2021 and subsequently launched in Europe, India and the United States harmonising the collection, sorting and recycling industries in order to advance textile-to-textile recycling technologies and the resale industry.

It is funded by brand partners adidas, BESTSELLER, Bonprix, C&A, Inditex, Levi Strauss & Co., Otto Group, PVH Corp., and Zalando. Circle Economy Foundation leads the creation and implementation of the methodology, with support from Consumption Research Norway, Oslo Metropolitan University and Revaluate.

Source:

Fashion for Good 

Avery Dennison and NRVLD showcase T-shirts with AR experience (c) Avery Dennison Corporation
22.01.2024

Avery Dennison and NRVLD showcase T-shirts with AR experience

Avery Dennison, a leader in materials science and digital identifications solutions, has completed a project with NRVLD, a community-based agency comprising artists, technologists and media personalities who are passionate about disruptive innovation.

Avery Dennison created limited edition augmented reality T-shirts worn by the NRVLD Executive Team during ‘NRVLD’, an immersive event held during Art Basel Miami Beach in December 2023.

The 30 T-shirts were digitally connected via heat transfers featuring a QR code and image recognition. Visitors were transported to an immersive artwork metaverse, built by ARkivist. In addition to the AR experience, each garment was personalized with the wearer's contact details embedded in the NFC woven patch on the chest, providing a connection point for guests throughout the event. Both connected garment experiences were powered by Avery Dennison’s atma.io connected product cloud.

Avery Dennison, a leader in materials science and digital identifications solutions, has completed a project with NRVLD, a community-based agency comprising artists, technologists and media personalities who are passionate about disruptive innovation.

Avery Dennison created limited edition augmented reality T-shirts worn by the NRVLD Executive Team during ‘NRVLD’, an immersive event held during Art Basel Miami Beach in December 2023.

The 30 T-shirts were digitally connected via heat transfers featuring a QR code and image recognition. Visitors were transported to an immersive artwork metaverse, built by ARkivist. In addition to the AR experience, each garment was personalized with the wearer's contact details embedded in the NFC woven patch on the chest, providing a connection point for guests throughout the event. Both connected garment experiences were powered by Avery Dennison’s atma.io connected product cloud.

Avery Dennison will be showcasing this project at NRF 2024: Retail’s Big Show, from January 14-16 at the Javits Convention Center in New York. The connected T-shirts will feature alongside a host of apparel digital solutions for supply chain visibility, product tracking, and consumer engagement.

Michael Colarossi, vice president, innovation, product line management and sustainability, Apparel Solutions, Avery Dennison comments: “The trajectory of consumer experiences unmistakably leans towards digital, and brands are actively seeking innovative methods to engage consumers by merging traditional craftsmanship with digital creativity. In this scenario, AR acted as the conduit, and Avery Dennison's connected garment technology and on-garment Embelex branding turned that vision into tangible reality."

Pavan Bahl, founder of Bellwether Culture and co-founder NRVLD, comments: "In the Web3 sphere, blockchain technology enables ownership of digital goods and identity. Our collaboration with Avery Dennison showcases the potential of bridging this gap, illustrating the exciting possibilities in this space."

Source:

Avery Dennison Corporation

19.01.2024

TrusTrace completes $24 Million Growth Investment

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.

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.

Patrick Strumpf - CEO Photo: Haelixia
Patrick Strumpf - CEO
19.01.2024

Haelixa: new CEO and new member to Board of Directors

Haelixa, a provider of physical traceability solutions, announceed the appointment of a new CEO, Patrick Strumpf, and the addition of Stefan Karlen to the Board of Directors. These positions shall mark a significant step in Haelixa’s mission to advance the growth of supply chain transparency solutions and drive positive change in the industry.

Patrick Strumpf joins Haelixa as its new CEO; he has over 20 years of experience building and scaling up businesses. Thanks to his strong entrepreneurial background, he has excelled in various manufacturing, distribution, and retail roles. Strumpf’s proven leadership, commercial acumen and strong customer focus will ensure the company keeps pushing its boundaries and attains even greater heights of success. “I am excited about the Haelixa traceability solution. It sets the highest standards and delivers outstanding advantages to brands and manufacturers who position themselves as innovation leaders, especially regarding compliance and credibility issues.”

Haelixa, a provider of physical traceability solutions, announceed the appointment of a new CEO, Patrick Strumpf, and the addition of Stefan Karlen to the Board of Directors. These positions shall mark a significant step in Haelixa’s mission to advance the growth of supply chain transparency solutions and drive positive change in the industry.

Patrick Strumpf joins Haelixa as its new CEO; he has over 20 years of experience building and scaling up businesses. Thanks to his strong entrepreneurial background, he has excelled in various manufacturing, distribution, and retail roles. Strumpf’s proven leadership, commercial acumen and strong customer focus will ensure the company keeps pushing its boundaries and attains even greater heights of success. “I am excited about the Haelixa traceability solution. It sets the highest standards and delivers outstanding advantages to brands and manufacturers who position themselves as innovation leaders, especially regarding compliance and credibility issues.”

Stefan Karlen joins Haelixa’s Board of Directors; he brings over 30 years of experience in the supply chain industry, having served as the Group CEO of Panalpina, one of the world’s leading freight forwarding and logistics companies. With his deep understanding of global supply chains and expertise in building solid teams, Karlen will provide valuable insights to Haelixa’s Board of Directors. His track record of driving innovation is instrumental in shaping the company’s strategic direction. “I am passionate about environmental responsibility and bringing positive change”, said Karlen. He added, “I identify with Haelixa’s values and am excited to leverage my skills to a company that prioritises sustainability and integrity.”

More information:
Haelixa CEO Board of Directors
Source:

Haelixia

19.01.2024

Mahlo joins forces with Brückner Textile Technologies at Colombiatex

Mahlo GmbH + Co. KG will participate in the Colombiatex textile show, held in Medellin from 23 to 25 January. This year, Mahlo will be joining forces with Brückner Textile Technologies to present their solutions for the textile production sector at their joint booth.

Both companies appreciate the power of Colombia’s textile industry. Textile is one of the most important industrial sectors in the Latin American country with an export value of clothing of more than 600 million US dollars. The United States are also the main export destination for apparel products. At Colombiatex 2024, Mahlo's Head of Sales, Thomas Höpfl, will be present to share insights and discuss how Mahlo’s innovative technologies can address the specific challenges faced by Colombian textile manufacturers. Sustainability of process efficiency being among the most pressing ones.

Mahlo GmbH + Co. KG will participate in the Colombiatex textile show, held in Medellin from 23 to 25 January. This year, Mahlo will be joining forces with Brückner Textile Technologies to present their solutions for the textile production sector at their joint booth.

Both companies appreciate the power of Colombia’s textile industry. Textile is one of the most important industrial sectors in the Latin American country with an export value of clothing of more than 600 million US dollars. The United States are also the main export destination for apparel products. At Colombiatex 2024, Mahlo's Head of Sales, Thomas Höpfl, will be present to share insights and discuss how Mahlo’s innovative technologies can address the specific challenges faced by Colombian textile manufacturers. Sustainability of process efficiency being among the most pressing ones.

Archroma showcases Super Systems+ at Colombiatex 2024 Photo: Archroma
19.01.2024

Archroma showcases Super Systems+ at Colombiatex 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.

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

Source:

Archroma

nominees Graphic: nova Institut
19.01.2024

Nominated Innovations for Cellulose Fibre Innovation of the Year 2024 Award

From Resource-efficient and Recycled Fibres for Textiles and Building Panels to Geotextiles for Glacier Protection: Six award nominees present innovative and sustainable solutions for various industries in the cellulose fibre value chain. The full economic potential of the cellulose fibre industry will be introduced to a wide audience that will vote for the winners in Cologne (Germany), and online.

Again nova-Institute grants the “Cellulose Fibre Innovation of the Year” award in the context of the “Cellulose Fibres Conference”, that will take place in Cologne on 13 and 14 March 2024. In advance, the conferences advisory board nominated six remarkable products, including cellulose fibres from textile waste and straw, a novel technology for dying cellulose-based textiles and a construction panel as well as geotextiles. The innovations will be presented by the companies on the first day of the event. All conference participants can vote for one of the six nominees and the top three winners will be honoured with the “Cellulose Fibre Innovation of the Year” award. The Innovation award is sponsored by GIG Karasek (AT).

From Resource-efficient and Recycled Fibres for Textiles and Building Panels to Geotextiles for Glacier Protection: Six award nominees present innovative and sustainable solutions for various industries in the cellulose fibre value chain. The full economic potential of the cellulose fibre industry will be introduced to a wide audience that will vote for the winners in Cologne (Germany), and online.

Again nova-Institute grants the “Cellulose Fibre Innovation of the Year” award in the context of the “Cellulose Fibres Conference”, that will take place in Cologne on 13 and 14 March 2024. In advance, the conferences advisory board nominated six remarkable products, including cellulose fibres from textile waste and straw, a novel technology for dying cellulose-based textiles and a construction panel as well as geotextiles. The innovations will be presented by the companies on the first day of the event. All conference participants can vote for one of the six nominees and the top three winners will be honoured with the “Cellulose Fibre Innovation of the Year” award. The Innovation award is sponsored by GIG Karasek (AT).

In addition, the ever-growing sectors of cellulose-based nonwovens, packaging and hygiene products offer conference participants insights beyond the horizon of traditional textile applications. Sustainability and other topics such as fibre-to-fibre recycling and alternative fibre sources are the key topics of the Cellulose Fibres Conference, held in Cologne, Germany, on 13 and 14 March 2024 and online. The conference will showcase the most successful cellulose-based solutions currently on the market or those planned for the near future.

The nominees:

The Straw Flexi-Dress: Design Meets Sustainability – DITF & VRETENA (DE)
The Flexi-Dress design was inspired by the natural golden colour and silky touch of HighPerCell® (HPC) filaments based on unbleached straw pulp. These cellulose filaments are produced using environmentally friendly spinning technology in a closed-loop production process. The design decisions focused on the emotional connection and attachment to the HPC material to create a local and circular fashion product. The Flexi-Dress is designed as a versatile knitted garment – from work to street – that can be worn as a dress, but can also be split into two pieces – used separately as a top and a straight skirt. The top can also be worn with the V-neck front or back. The HPC textile knit structure was considered important for comfort and emotional properties.

HONEXT® Board FR-B (B-s1, d0) – Flame-retardant Board made From Upcycled Fibre Waste From the Paper Industry – Honext Material (ES)
HONEXT® FR-B board (B-s1, d0) is a flame-retardant board made from 100 % upcycled industrial waste fibres from the paper industry. Thanks to innovations in biotechnology, paper sludge is upcycled – the previously “worthless” residue from paper making – to create a fully recyclable material, all without the use of resins. This lightweight and easy-to-handle board boasts high mechanical performance and stability, along with low thermal conductivity, making it perfect for various applications in all interior environments where fire safety is a priority. The material is non-toxic, with no added VOCs, ensuring safety for both people and the planet. A sustainable and healthy material for the built environment, it achieves Cradle-to-Cradle Certified GOLD, and Material Health CertificateTM Gold Level version 4.0 with a carbon-negative footprint. Additionally, it is verified in the Product Environmental Footprint.

LENZING™ Cellulosic Fibres for Glacier Protection – Lenzing (AT)
Glaciers are now facing an unprecedented threat from global warming. Synthetic fibre-based geotextiles, while effective in slowing down glacier melt, create a new environmental challenge: microplastics contaminating glacial environments. The use of such materials contradicts the very purpose of glacier protection, as it exacerbates an already critical environmental problem. Recognizing this problem, the innovative use of cellulosic LENZING™ fibres presents a pioneering solution. The Institute of Ecology, at the University of Innsbruck, together with Lenzing and other partners made first trials in 2022 by covering small test fields with LENZING™ fibre-based geotextiles. The results were promising, confirming the effectiveness of this approach in slowing glacier melt without leaving behind microplastic.

The RENU Jacket – Advanced Recycling for Cellulosic Textiles – Pangaia (UK) & Evrnu (US)
PANGAIA LAB was born out of a dream to reduce barriers between people and the breakthrough innovations in material science. In 2023, PANGAIA LAB launched the RENU Jacket, a limited edition product made from 100% Nucycl® – a technology that recycles cellulosic textiles by breaking them down to their molecular building blocks, and reforming them into new fibres. This process produces a result that is 100% recycled and 100% recyclable when returned to the correct waste stream – maintaining the strength of the fibre so it doesn’t need to be blended with virgin material.
Through collaboration with Evrnu, the PANGAIA team created the world’s first 100% chemically recycled denim jacket, replacing a material traditionally made from 100% virgin cotton. By incorporating Nucycl® into this iconic fabric construction, dyed with natural indigo, the teams have demonstrated that it’s possible to replace ubiquitous materials with this innovation.

Textiles Made from Easy-to-dye Biocelsol – VTT Technical Research Centre of Finland (FI)
One third of the textile industry’s wastewater is generated in dyeing and one fifth in finishing. But the use of chemically modified Biocelsol fibres reduces waste water. The knitted fabric is made from viscose and Biocelsol fibres and is only dyed after knitting. This gives the Biocelsol fibres a darker shade, using the same amount of dye and no salt in dyeing process. In addition, an interesting visual effect can be achieved. Moreover, less dye is needed for the darker colour tone in the finished textile and the possibility to use the salt-free dyeing is more environmentally friendly.
These special properties of man-made cellulosic fibres will reassert the fibres as a replacement for the existing fossil-based fibres, thus filling the demand for more environmentally friendly dyeing-solutions in the textile industry. The functionalised Biocelsol fibres were made in Finnish Academy FinnCERES project and are produced by wet spinning technique from the cellulose dope containing low amounts of 3-allyloxy-2-hydroxypropyl substituents. The functionality formed is permanent and has been shown to significantly improve the dyeability of the fibres. In addition, the functionalisation of Biocelsol fibres reduces the cost of textile finishing and dyeing as well as the effluent load.

A New Generation of Bio-based and Resource-efficient Fibre – TreeToTextile (SE)
TreeToTextile has developed a unique, sustainable and resource efficient fibre that doesn't exist on the market today. It has a natural dry feel similar to cotton and a semi-dull sheen and high drape like viscose. It is based on cellulose and has the potential to complement or replace cotton, viscose and polyester as a single fibre or in blends, depending on the application.
TreeToTextile Technology™ has a low demand for chemicals, energy and water. According to a third party verified LCA, the TreeToTextile fibre has a climate impact of 0.6 kg CO2 eq/kilo fibre. The fibre is made from bio-based and traceable resources and is biodegradable.

More information:
Nova Institut nova Institute
Source:

nova Institut

19.01.2024

BTE-Taschenbuch 2024 erschienen

Das „Taschenbuch Textil Schuhe Lederwaren 2024“ ist erschienen. Auf insgesamt 136 Seiten enthält das BTE-Taschenbuch zahlreiche Markt- und Kostenzahlen aus dem Bekleidungs-, Textil-, Schuh- und Lederwarenhandel inkl. Online-Daten. Zudem enthält es hilfreiche Fachinformationen und rechtliche Bestimmungen für die Textil- und Schuhbranche sowie einen umfangreiches Fachthemen-Teil mit konkreten Hilfestellungen und Hinweisen. Einzelheiten:

Das „Taschenbuch Textil Schuhe Lederwaren 2024“ ist erschienen. Auf insgesamt 136 Seiten enthält das BTE-Taschenbuch zahlreiche Markt- und Kostenzahlen aus dem Bekleidungs-, Textil-, Schuh- und Lederwarenhandel inkl. Online-Daten. Zudem enthält es hilfreiche Fachinformationen und rechtliche Bestimmungen für die Textil- und Schuhbranche sowie einen umfangreiches Fachthemen-Teil mit konkreten Hilfestellungen und Hinweisen. Einzelheiten:

  • Der statistische Teil enthält die Umsatzentwicklung des Textil-, Schuh- und Lederwarenhandels sowie die Strukturdaten der einzelnen Branchen. Abgedruckt sind außerdem zentrale Ergebnisse des BTE-Betriebsvergleichs mit Leistungs- und Kostendaten des mittelständischen Bekleidungsfachhandels für das Jahr 2022.
  • Zum allgemeinen volkswirtschaftlichen Teil zählen z.B. Tabellen zur Entwicklung der Altersstruktur der bundesdeutschen Bevölkerung sowie zur Entwicklung der Beschäftigtenzahl und zur Preisentwicklung der einzelnen Branchen.
  • Das Taschenbuch enthält zudem Auszüge des Textilkennzeichnungsrechts, die textile Pflegekennzeichnung, die europäische Schuhkennzeichnung sowie einen Auszug aus den Liefer- und Zahlungsbedingungen der deutschen Schuhindustrie. Damit kann eine Vielzahl rechtlicher Fragen rund um die Ware durch kurzes Nachschlagen schnell beantwortet werden.

Das „Taschenbuch Textil Schuhe Lederwaren 2024” ist ein wichtiges, kompaktes Nachschlagewerk für die Branche, über das jeder Kaufmann im Textil-, Schuh- und Lederwarenhandel verfügen sollte. Auch für Hersteller und Absatzmittler ist es eine Quelle vieler interessanter Informationen über den Fashionmarkt.
 
Hinweis: Mitglieder der Einzelhandelsverbände erhalten das Taschenbuch in der Regel kostenlos von ihrem Regional- oder Landesverband. Alle übrigen Interessenten können das Taschenbuch für 25 Euro plus MwSt. und Versandkosten beziehen beim ITE-Verlag, Fax 0221/92150910, E-Mail: itebestellungen@bte.de oder im BTE-Webshop unter www.bte.de (Rubrik: Publikationen). Bei Bestellungen ab drei Stück gibt es vergünstigte Staffelpreise.

More information:
BTE-Taschenbuch
Source:

BTE Handelsverband Textil Schuhe Lederwaren

17.01.2024

Südwesttextil beklagt zu wenig Bürokratieentlastung im Arbeitsrecht

Der Referentenentwurf des Bürokratieentlastungsgesetzes sieht die Reduktion von Schriftformerfordernissen vor – gehe im Arbeitsrecht aber nicht weit genug, so der südwestdeutsche Arbeitgeberverband.

Am 11. Januar 2024 hat das Bundesministerium für Justiz seinen Referentenentwurf des Vierten Gesetzes zur Bürokratieentlastung (BEG IV-E) veröffentlicht. Der Entwurf sieht auch Gesetzesänderungen im Bereich des Nachweisgesetzes vor.

Die von Südwesttextil bereits im letzten Jahr geforderte Nachbesserung des Eckpunktepapiers findet sich im Referentenentwurf nicht wieder. Aus Perspektive des Arbeitgeberverbands gehen die vorgesehenen Änderungen nicht weit genug. Im Referentenentwurf wird weiterhin lediglich die elektronische Form als Ersatz für die Schriftform vorgesehen.

Der Referentenentwurf des Bürokratieentlastungsgesetzes sieht die Reduktion von Schriftformerfordernissen vor – gehe im Arbeitsrecht aber nicht weit genug, so der südwestdeutsche Arbeitgeberverband.

Am 11. Januar 2024 hat das Bundesministerium für Justiz seinen Referentenentwurf des Vierten Gesetzes zur Bürokratieentlastung (BEG IV-E) veröffentlicht. Der Entwurf sieht auch Gesetzesänderungen im Bereich des Nachweisgesetzes vor.

Die von Südwesttextil bereits im letzten Jahr geforderte Nachbesserung des Eckpunktepapiers findet sich im Referentenentwurf nicht wieder. Aus Perspektive des Arbeitgeberverbands gehen die vorgesehenen Änderungen nicht weit genug. Im Referentenentwurf wird weiterhin lediglich die elektronische Form als Ersatz für die Schriftform vorgesehen.

Die schriftliche Aushändigung der wesentlichen Arbeitsbedingungen kann somit weiterhin nur unterbleiben, wenn ein Arbeitsvertrag in elektronischer Form abgeschlossen worden ist. Um den Formvorgaben des Nachweisgesetzes zu genügen, reicht die Textform also weiterhin nicht. Südwesttextil-Hauptgeschäftsführerin Edina Brenner betont die Position des Verbands: „Im Arbeitsrecht lässt die Bundesregierung eine signifikante Stellschraube der Bürokratieentlastung aus. Die praktische Reduktion des Aufwands durch die elektronische Form geht nicht weit genug und könnte durch die Zulassung der im Geschäftsverkehr üblichen und anerkannten Textform signifikant erhöht werden. Die Nachbesserung des Referentenentwurfs ist für einen echten Bürokratieabbau dringend geboten.“

Source:

Verband der Südwestdeutschen Textil- und Bekleidungsindustrie

B.I.G. Yarns: Virgin polyester BCF yarns for automotive carpet (c) Beaulieu International Group
17.01.2024

B.I.G. Yarns: Virgin polyester BCF yarns for automotive carpet

To expand its support for high-end and luxurious automotive interiors, B.I.G. Yarns has completed its first industrial production runs of virgin polyester BCF yarns for automotive carpet to complement its line of polyamide PA6 superior yarns.

There is a growing market in PET for automotive interior applications, with polyester allowing automotive OEMs and Tier 1 to develop products that, from the outset, consider eco-design by building MONO-polymer carpets and flooring that are 100% recyclable at End of Life (EOL ). These materials are helping to ensure improved and more sustainable EOL recycling of electric vehicles that are driving the future of the car industry.

To expand its support for high-end and luxurious automotive interiors, B.I.G. Yarns has completed its first industrial production runs of virgin polyester BCF yarns for automotive carpet to complement its line of polyamide PA6 superior yarns.

There is a growing market in PET for automotive interior applications, with polyester allowing automotive OEMs and Tier 1 to develop products that, from the outset, consider eco-design by building MONO-polymer carpets and flooring that are 100% recyclable at End of Life (EOL ). These materials are helping to ensure improved and more sustainable EOL recycling of electric vehicles that are driving the future of the car industry.

The new PET BCF Yarns offer high-performance for automotive carpets, including abrasion and stain resistance, and durability, passing all stringent automotive tests including the Taber test for abrasion performance, compressibility and recovery ability test, light fastness in automotive (DIN EN ISO 105-B06) and VOC (fogging) according the VDA 278 test on VOC and FOG emission. The yarns can be color solution dyed, have a dTex between 1300 – 1500, 81 filaments and are ideally for mats with a composition of 400 to 800 gram per m², while the yarns for molded carpets have a dTex of 1200, 144 filaments for 380 gram per m².

With the addition of PET BCF yarns, B.I.G. Yarns is now a one-stop-shop for 3 types of Solution Dyed BCF carpet yarns for the automotive industry: nylon (PA6), polypropylene (PP) and polyester (PET), and the Eqo-range of PA6 yarns – the sustainability focused EqoBalance, EqoCycle and EqoYarn.

The automotive carpet market is expected to grow strongly in the coming decade with the increased demand for vehicle customization and personalization driven by owners looking to upgrade and enhance interiors, including the flooring area.
A growing awareness around car hygiene is also boosting the market as consumers become more conscious of maintaining cleanliness in their vehicles, including the floors. Automotive carpets provide an effective solution by trapping dirt and preventing it from spreading to other areas.

Source:

Beaulieu International Group

17.01.2024

Everfield acquires Swedish software specialist for commercial laundry industry

Software group Everfield has acquired the Swedish software reseller “SoCom Scandinavia AB” (SoCom Scandinavia). The previously independent reseller is now a subsidiary of German “SoCom Informationssysteme GmbH” (SoCom), which Everfield acquired early 2023. SoCom Scandinavia distributes SoCom’s ERP system for the commercial laundry industry in Scandinavia. SoCom is among Europe’s leading providers in this segment and with this acquisition is further expanding its market position in the Nordic countries.

Software group Everfield has acquired the Swedish software reseller “SoCom Scandinavia AB” (SoCom Scandinavia). The previously independent reseller is now a subsidiary of German “SoCom Informationssysteme GmbH” (SoCom), which Everfield acquired early 2023. SoCom Scandinavia distributes SoCom’s ERP system for the commercial laundry industry in Scandinavia. SoCom is among Europe’s leading providers in this segment and with this acquisition is further expanding its market position in the Nordic countries.

“By acquiring SoCom Scandinavia, we have successfully completed the first so-called bolt-on acquisition for one of our portfolio companies”, says Oscar Koberling, Acquisitions Manager at Everfield. In a bolt-on acquisition, the company being purchased is integrated into an existing portfolio company. “We focus on long-term sustainable growth and work closely with the management of our portfolio companies to identify the right targets”, Koberling highlights. “With the addition of SoCom Scandinavia, SoCom can now further strengthen the sales and support in this region and thereby continue to foster growth in Scandinavia.” With its Enterprise Resource Planning (ERP) software “TIKOS”, the German software developer SoCom from Krumbach enables laundries of any scale to achieve end-to-end process management.

SoCom Scandinavia distributes the “TIKOS” laundry software in Sweden, Finland, Norway, Denmark and Iceland. The company was founded in 2017 by the sole shareholder Anna Johansson, in close cooperation with the German SoCom Informationssysteme GmbH. “I myself come from the commercial laundry industry and was therefore able to convince myself of the performance and flexibility of the TIKOS software in practice”, says Anna Johansson. “Our success in the past years shows that many laundries in Scandinavia share this assessment. In the future, we will work even more closely with our German colleagues to further expand our market share in the region.”

Johansson and her team will continue to be available to customers at the existing location. “Since establishing SoCom Scandinavia, Anna and her team have already won and supported a plethora of well-known clients for our software”, emphasizes SoCom’s CEO Michael Wieser. “By integrating SoCom Scandinavia, we can streamline our processes even further. Our main goal remains to offer the best possible service to our clients.”

With its steadily growing software and service portfolio, SoCom has been operating in the laundry industry for over thirty years and is a market leader in the German-speaking region. In total, SoCom’s products are used in over 350 laundries across 17 countries.

More information:
Everfield SoCom laundry Software
Source:

möller pr GmbH

17.01.2024

Lenzing: Top sustainability ratings

The Lenzing Group has once again been recognized for its sustainability performance and its active contribution to transforming the industry towards a circular economy. The rating agency MSCI awarded Lenzing an “AA” rating for the third time in a row, placing Lenzing among the top eight percent of rated companies in its peer group. In addition, Lenzing participated for the first time in the SAC Higgs FEM verification to assess the environmental impact of product manufacturing at its sites and achieved positive results.

The Lenzing Group has once again been recognized for its sustainability performance and its active contribution to transforming the industry towards a circular economy. The rating agency MSCI awarded Lenzing an “AA” rating for the third time in a row, placing Lenzing among the top eight percent of rated companies in its peer group. In addition, Lenzing participated for the first time in the SAC Higgs FEM verification to assess the environmental impact of product manufacturing at its sites and achieved positive results.

According to the rating agency MSCI, Lenzing continues to lead the way among global companies in terms of governance structures. In addition, MSCI highlights Lenzing’s leadership in implementing initiatives to mitigate the risk of environmental liabilities associated with the release of toxic pollutants and highlights its water stewardship program, which includes a water risk assessment. The confirmation of the “AA” rating from MSCI ESG enables Lenzing to further reduce its interest expense. In November 2019, Lenzing placed a bonded loan in the amount of around EUR 500 mn, which is linked to the company's sustainability performance. In line with its commitment under the bonded loan, the company will donate the entire interest expense it saves thanks to the “AA” rating to a social-ecological project.

By November 2023, all Lenzing sites, with the exception of the sites in Brazil and Thailand, which are however scheduled for 2024, have completed the first external verification of the module with excellent results. With almost 20,000 participating companies from different sectors of industry, which achieved less than 50 percent in total average in 2023, Lenzing sites achieved verified scores of more than 70 percent to 95 percent.

Source:

Lenzing AG