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Winner of Cellulose Fibre Innovation Award 2024 (c) nova-Institute
Winner of Cellulose Fibre Innovation Award 2024
27.03.2024

Winner of Cellulose Fibre Innovation Award 2024

The “Cellulose Fibres Conference 2024” held in Cologne on 13-14 March demonstrated the innovative power of the cellulose fibre industry. Several projects and scale-ups for textiles, hygiene products, construction and packaging showed the growth and bright future of this industry, supported by the policy framework to reduce single-use plastic products, such as the Single Use Plastics Directive (SUPD) in Europe.

The “Cellulose Fibres Conference 2024” held in Cologne on 13-14 March demonstrated the innovative power of the cellulose fibre industry. Several projects and scale-ups for textiles, hygiene products, construction and packaging showed the growth and bright future of this industry, supported by the policy framework to reduce single-use plastic products, such as the Single Use Plastics Directive (SUPD) in Europe.

40 international speakers presented the latest market trends in their industry and illustrated the innovation potential of cellulose fibres. Leading experts introduced new technologies for the recycling of cellulose-rich raw materials and gave insights into circular economy practices in the fields of textiles, hygiene, construction and packaging. All presentations were followed by exciting panel discussions with active audience participation including numerous questions and comments from the audience in Cologne and online. Once again, the Cellulose Fibres Conference proved to be an excellent networking opportunity to the 214 participants and 23 exhibitors from 27 countries. The annual conference is a unique meeting point for the global cellulose fibre industry.  

For the fourth time, nova-Institute has awarded the “Cellulose Fibre Innovation of the Year” Award at the Cellulose Fibres Conference. The Innovation Award recognises applications and innovations that will lead the way in the industry’s transition to sustainable fibres. Close race between the nominees – “The Straw Flexi-Dress” by DITF & VRETENA (Germany), cellulose textile fibre from unbleached straw pulp, is the winning cellulose fibre innovation 2024, followed by HONEXT (Spain) with the “HONEXT® Board FR-B (B-s1, d0)” from fibre waste from the paper industry, while TreeToTextile (Sweden) with their “New Generation of Bio-based and Resource-efficient Fibre” won third place.

Prior to the event, the conference advisory board had nominated six remarkable innovations for the award. The nominees were neck and neck, when the winners were elected in a live vote by the audience on the first day of the conference.

First place
DITF & VRETENA (Germany): The Straw Flexi-Dress – Design Meets Sustainability

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.

Second place
Honext Material (Spain): HONEXT® Board FR-B (B-s1, d0) – Flame-retardant Board made From Upcycled Fibre Waste From the Paper Industry

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, the product is verified in the Product Environmental Footprint.

Third Place
TreeToTextile (Sweden): A New Generation of Bio-based and Resource-efficient Fibre

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.

The next conference will be held on 12-13 March 2025.

Source:

nova-Institut für politische und ökologische Innovation GmbH

26.03.2024

CARBIOS joins Paris Good Fashion

CARBIOS, a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, announces its membership to Paris Good Fashion, the association that unites over 100 French players in the sector - brands, designers and experts - around their commitment to sustainable fashion. CARBIOS is the first recycling technology supplier to join, demonstrating the importance given to recycling to achieve textile circularity. By contributing its solution for the biorecycling of polyester, the world's most widely used and fastest-growing textile fiber, CARBIOS aims to contribute Paris Good Fashion’s mission, which focuses on concrete actions, best practice sharing and collective intelligence to accelerate change in the fashion industry.

CARBIOS, a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, announces its membership to Paris Good Fashion, the association that unites over 100 French players in the sector - brands, designers and experts - around their commitment to sustainable fashion. CARBIOS is the first recycling technology supplier to join, demonstrating the importance given to recycling to achieve textile circularity. By contributing its solution for the biorecycling of polyester, the world's most widely used and fastest-growing textile fiber, CARBIOS aims to contribute Paris Good Fashion’s mission, which focuses on concrete actions, best practice sharing and collective intelligence to accelerate change in the fashion industry.

CARBIOS will be particularly involved in the association's project to set up a working group dedicated to the development of a "fiber-to-fiber" industry, one of Paris Good Fashion's top priorities over the next five years. While only 1% of textiles are currently recycled fiber-to-fiber (circular), this working group will identify levers for significantly increasing the share of recycled fibers in the industry.  Polyester currently follows a linear model from which we need to break out: virgin polyester is made from petroleum, and recycled polyester from PET bottles. After use, most of these products end their lives in landfill or incineration. A circular, "fiber-to-fiber" industry will give new life to textiles and reduce the environmental impact associated to their end-of-life management.

Source:

Carbios

22.03.2024

SGL Carbon achieves annual targets for 2023

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

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

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

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

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

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

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

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

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

More information:
SGL Carbon financial year 2023
Source:

SGL Carbon SE

HEREWEAR is winner of the Cellulose Fibre Innovation of the Year Photo: DITF
The Flexidress in its various forms
22.03.2024

HEREWEAR is winner of the Cellulose Fibre Innovation of the Year

At the "International Conference on Cellulose Fibers 2024" in Cologne, Germany, the Nova Institute for Ecology and Innovation awarded first place in the Innovation Prize to the project partners of the EU-funded HEREWEAR project. They presented a dress made of cellulose fibers, which is entirely made of straw pulp.

HEREWEAR is an EU-wide research project that brings together partners from research and industry. They are working to establish a European circular economy for locally produced textiles and clothing made from bio-based raw materials.
The HEREWEAR consortium consists of small and medium-sized enterprises and research institutions. HEREWEAR covers all the necessary expertise and infrastructure from academic and applied research and industry from nine EU countries.

The HEREWEAR approach includes technical and ecological innovations in the production of fibers, yarns, fabrics, knitwear and garments, as well as the use of regional value chains and the circular development of fashion items.

At the "International Conference on Cellulose Fibers 2024" in Cologne, Germany, the Nova Institute for Ecology and Innovation awarded first place in the Innovation Prize to the project partners of the EU-funded HEREWEAR project. They presented a dress made of cellulose fibers, which is entirely made of straw pulp.

HEREWEAR is an EU-wide research project that brings together partners from research and industry. They are working to establish a European circular economy for locally produced textiles and clothing made from bio-based raw materials.
The HEREWEAR consortium consists of small and medium-sized enterprises and research institutions. HEREWEAR covers all the necessary expertise and infrastructure from academic and applied research and industry from nine EU countries.

The HEREWEAR approach includes technical and ecological innovations in the production of fibers, yarns, fabrics, knitwear and garments, as well as the use of regional value chains and the circular development of fashion items.

New technologies for wet and melt spinning of cellulose and bio-based polyesters, e.g. PLA, from which yarns and fabrics are produced, form the technical basis. Coating and dyeing processes have been developed and tested as part of the project. In addition to reducing the carbon footprint of the product, another environmental goal is to reduce the release of microfibers throughout the textile manufacturing process and life cycle.

Improving the sustainability and recyclability of the developed garments is ensured by design for circularity and digitally networked production means. On-demand production is realized in so-called "microfactories", which are individualized and produce only for actual demand. This production method can be achieved through regional, networked value chains and enables the traceability of materials and manufacturing processes.

The dress presented at the award ceremony is an example of the cooperation and the different qualifications of the project partners: TNO (Netherlands Organization for Applied Scientific Research) provided sustainably produced pulp. The HighPerCell fibers were produced in DITF's spinning facilities. At the same time, designers from the fashion label Vretena created the design for the flexible, two-piece dress, which can be knitted without cutting waste. DITF textile experts worked with the designers to develop the knitting pattern. DITF textile engineers and technicians produced the knitted fabric and assembled the dress at the institutes’ technical center. DITF computer scientists and engineers created the "value chain" and "digital twins" for digital traceability of the production processes.

The innovation prize was awarded to the HEREWEAR consortiu for their joint achievement. Representatives of DITF Denkendorf and Vretena accepted the award on behalf of the EU project partners.

Source:

Deutsche Institute für Textil- und Faserforschung (DITF)

22.03.2024

GOTS applauds European Parliament’s vote on Green Claims Directive

The Global Organic Textile Standard (GOTS) applauds the European Parliament's vote to ban unverified 'green' product labels by enforcing stricter rules to back green claims and labels. By obligating companies to submit evidence about environmental marketing claims – including advertising and labelling products as ‘biodegradable’, ‘less polluting’, ‘water saving’, or having ‘bio-based content’ – consumers will be able to make better informed decisions about the sustainability of their purchases.

Consumers need protection from greenwashing and false claims about a product’s environmental impact. GOTS provides rules and tools for fostering responsible business practices and to support businesses to comply with domestic and international laws and beyond. The current GOTS Version 7.0 includes rigorous criteria for the protection of human, employment and social rights, as well as the environment and climate. By being certified to GOTS 7.0 and selling GOTS-labelled goods, companies are demonstrating their commitment to sustainability and human rights.

The Global Organic Textile Standard (GOTS) applauds the European Parliament's vote to ban unverified 'green' product labels by enforcing stricter rules to back green claims and labels. By obligating companies to submit evidence about environmental marketing claims – including advertising and labelling products as ‘biodegradable’, ‘less polluting’, ‘water saving’, or having ‘bio-based content’ – consumers will be able to make better informed decisions about the sustainability of their purchases.

Consumers need protection from greenwashing and false claims about a product’s environmental impact. GOTS provides rules and tools for fostering responsible business practices and to support businesses to comply with domestic and international laws and beyond. The current GOTS Version 7.0 includes rigorous criteria for the protection of human, employment and social rights, as well as the environment and climate. By being certified to GOTS 7.0 and selling GOTS-labelled goods, companies are demonstrating their commitment to sustainability and human rights.

Source:

GOTS (Global Organic Textile Standard)

Robot system (c) STFI
20.03.2024

STFI: Highlights of textile research at Techtextil 2024

STFI will be presenting high-end textile products and solutions at Techtextil 2024. The highlights from current research results and innovations provide an insight into the digitalisation of textile production, show applications for 3D printing and smart technical textiles and provide examples of particularly sustainably designed products as well as innovative approaches for protective and medical textiles.

The central highlight of STFI's presence at Techtextil is a robot system that demonstrates the automated processing of a bobbin frame on a small scale. The pick-and-place application demonstrates camera-supported gripping of the bobbins. The robot is part of the STFI's “Textile Factory of the Future” which demonstrates automation solutions for the textile industry in a laboratory environment.

STFI will be presenting high-end textile products and solutions at Techtextil 2024. The highlights from current research results and innovations provide an insight into the digitalisation of textile production, show applications for 3D printing and smart technical textiles and provide examples of particularly sustainably designed products as well as innovative approaches for protective and medical textiles.

The central highlight of STFI's presence at Techtextil is a robot system that demonstrates the automated processing of a bobbin frame on a small scale. The pick-and-place application demonstrates camera-supported gripping of the bobbins. The robot is part of the STFI's “Textile Factory of the Future” which demonstrates automation solutions for the textile industry in a laboratory environment.

From the field of sustainable products and solutions, a sleeping bag with bio-based and therefore vegan filling material and a natural fibre-based composite element for furniture construction, in which LEDs and capacitive proximity sensors for contactless function control have been applied using embroidery technology, will be on show. Printed heating conductor structures demonstrate current research work for the e-mobility of the future, as the individually controllable seat and interior heating should ultimately reduce weight and save energy compared to conventional heating systems.

While a protective suit for special task forces protects against the dangers of a Molotov cocktail attack, a shin guard and a knee brace with patellar ring illustrate the process combination of 3D printing and UV LED cross-linking. Other highlights from lightweight textile construction include the rib of a vertical rudder of an Airbus A320 and a green snowboard made from recycled carbon fibres.

More information:
STFI Techtextil Smart textiles
Source:

Sächsisches Textilforschungsinstitut e.V. (STFI)

Professor Dr.-Ing. Markus Milwich Photo: DITF
Professor Dr.-Ing. Markus Milwich.
19.03.2024

Markus Milwich represents "Lightweight Design Agency for Baden-Württemberg"

Lightweight design is a key enabler for addressing the energy transition and sustainable economy. Following the liquidation of the state agency Leichtbau BW GmbH, a consortium consisting of the Allianz Faserbasierter Werkstoffe Baden-Württtemberg (AFBW), the Leichtbauzentrum Baden-Württemberg (LBZ e.V. -BW) and Composites United Baden-Württemberg (CU BW) now represents the interests of the lightweight construction community in the State.

The Lightweight Design Agency for Baden-Württemberg is set up for this purpose on behalf of and with the support of the State. The Lightweight Construction Alliance BW is the central point of contact for all players in the field of lightweight construction in the State and acts in their interests at national and international level. Professor Markus Milwich from the German Institutes of Textile and Fiber Research Denkendorf (DITF) represents the agency.

Lightweight design is a key enabler for addressing the energy transition and sustainable economy. Following the liquidation of the state agency Leichtbau BW GmbH, a consortium consisting of the Allianz Faserbasierter Werkstoffe Baden-Württtemberg (AFBW), the Leichtbauzentrum Baden-Württemberg (LBZ e.V. -BW) and Composites United Baden-Württemberg (CU BW) now represents the interests of the lightweight construction community in the State.

The Lightweight Design Agency for Baden-Württemberg is set up for this purpose on behalf of and with the support of the State. The Lightweight Construction Alliance BW is the central point of contact for all players in the field of lightweight construction in the State and acts in their interests at national and international level. Professor Markus Milwich from the German Institutes of Textile and Fiber Research Denkendorf (DITF) represents the agency.

The use of lightweight materials in combination with new production technologies will significantly reduce energy consumption in transportation, the manufacturing industry and the construction sector. Resources can be saved through the use of new materials. As a cross-functional technology, lightweight construction covers entire value chain from production and use to recycling and reuse.

The aim of the state government is to establish Baden-Württemberg as a leading provider of innovative lightweight construction technologies in order to strengthen the local economy and secure high-quality jobs.

Among others, the "Lightweight Construction Alliance Baden-Württemberg" will continue the nationally renowned "Lightweight Construction Day", which acts as an important source of inspiration for a wide range of lightweight construction topics among business and scientific community.

Professor Milwich, an expert with many years of experience and an excellent network beyond the State's borders, has been recruited for this task. In his role, Milwich also represents the state of Baden-Württemberg on the Strategy Advisory Board of the Lightweight Construction Initiative of the Federal Ministry for Economic Affairs and Climate Action, which supports the cross functional-technology and efficient transfer of knowledge between the various nationwide players in lightweight construction and serves as a central point of contact for entrepreneurs nationwide for all relevant questions.

From 2005 to 2020, Professor Milwich headed the Composite Technology research at the DITF, which was integrated into the Competence Center Polymers and Fiber Composites in 2020. He is also an honorary professor at Reutlingen University, where he teaches hybrid materials and composites. "Lightweight design is an essential aspect for sustainability, environmental and resource conservation. I always showcase this in research and teaching and now also as a representative of the lightweight construction community in Baden-Württemberg," emphasizes Professor Milwich.

Source:

Deutsche Institute für Textil- und Faserforschung

18.03.2024

Autoneum: Increase in revenue and profit in 2023

Autoneum significantly improved revenue in local currencies by 34.8% in 2023 compared to the previous year, supported by inorganic growth and a positive market environment. Consolidated in Swiss francs, revenue increased by 27.6% to CHF 2 302.3 million. The acquisition of Borgers Automotive already made a positive contribution to earnings and value in the first year and Business Group North America achieved a turnaround. EBIT adjusted for one-time effects more than doubled year-on-year to CHF 99.2 million and, with an EBIT margin of 4.3%, was at the upper end of the guidance. Net profit for the full year 2023 increased by an impressive CHF 50.2 million to CHF 61.1 million. Based on the positive net results, the Board of Directors is proposing a dividend of CHF 2.50 per share.

Autoneum significantly improved revenue in local currencies by 34.8% in 2023 compared to the previous year, supported by inorganic growth and a positive market environment. Consolidated in Swiss francs, revenue increased by 27.6% to CHF 2 302.3 million. The acquisition of Borgers Automotive already made a positive contribution to earnings and value in the first year and Business Group North America achieved a turnaround. EBIT adjusted for one-time effects more than doubled year-on-year to CHF 99.2 million and, with an EBIT margin of 4.3%, was at the upper end of the guidance. Net profit for the full year 2023 increased by an impressive CHF 50.2 million to CHF 61.1 million. Based on the positive net results, the Board of Directors is proposing a dividend of CHF 2.50 per share.

Outlook
According to forecasts, worldwide automobile production will be somewhat restrained in 2024 and may even decline slightly compared with 2023. Based on these market forecasts1, Autoneum expects revenue in 2024 of CHF 2.3 billion to 2.5 billion. The Company anticipates an EBIT margin of 4.5–5.5% and free cash flow in the high upper double-digit million range for 2024.

1 Source: S&P Global Light Vehicle Production Forecast of February 16, 2024.

More information:
Autoneum financial year 2023
Source:

Autoneum Management AG

18.03.2024

Solvay: Full-year 2023 results

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

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

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

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

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

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

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

Source:

Solvay

18.03.2024

Lenzing: Combined annual and sustainability report 2023

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

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

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

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

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

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

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

Source:

Lenzing AG

13.03.2024

IDEA®25: Call for abstracts

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

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

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

A few examples of topics for consideration are:

RESPONSIBLE SOURCING

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

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

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

A few examples of topics for consideration are:

RESPONSIBLE SOURCING

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

INNOVATIONS IN SUSTAINABILITY

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

END-OF-LIFE SOLUTIONS

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

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

Source:

INDA - Association of the Nonwoven Fabrics Industry

13.03.2024

Rieter: Successful financial year 2023

  • Sales of CHF 1 418.6 million in the 2023 financial year
  • Order intake of CHF 541.8 million in the 2023 financial year; order backlog of around CHF 650 million as of December 31, 2023
  • EBIT margin of 7.2%
  • “Next Level” performance program on track
  • Proposed dividend of CHF 3.00 per share
  • Outlook 2024 with sales of around CHF 1 billion

The Rieter Group closed the 2023 financial year with slightly lower sales of CHF 1 418.6 million (2022: CHF 1 510.9 million), down 6% on the previous year. In line with expectations, the order intake of CHF 541.8 million was considerably below the prior year period (2022: CHF 1 157.3 million). In a challenging business environment, Rieter generated an EBIT margin of 7.2%. Implementation of the “Next Level” performance program to increase profitability is proceeding according to plan.

  • Sales of CHF 1 418.6 million in the 2023 financial year
  • Order intake of CHF 541.8 million in the 2023 financial year; order backlog of around CHF 650 million as of December 31, 2023
  • EBIT margin of 7.2%
  • “Next Level” performance program on track
  • Proposed dividend of CHF 3.00 per share
  • Outlook 2024 with sales of around CHF 1 billion

The Rieter Group closed the 2023 financial year with slightly lower sales of CHF 1 418.6 million (2022: CHF 1 510.9 million), down 6% on the previous year. In line with expectations, the order intake of CHF 541.8 million was considerably below the prior year period (2022: CHF 1 157.3 million). In a challenging business environment, Rieter generated an EBIT margin of 7.2%. Implementation of the “Next Level” performance program to increase profitability is proceeding according to plan.

Outlook 2024
Markets remain under pressure from the economic slowdown, high inflation rates and noticeably dampened consumer sentiment. Customers are reluctant to place orders due to financing challenges. The first signs of a recovery in the 2024 financial year have emerged in the key markets of China and India. Rieter expects demand to increase in the coming months.
For the full year 2024, Rieter anticipates sales in the region of CHF 1 billion and a positive EBIT margin of up to 4%.

Source:

Rieter Management AG

12.03.2024

Polartec: New Initiative “Beyond Begins Today”

Since inventing the first fleece crafted from recycled plastic water bottles more than three decades ago, Polartec®, a Milliken & Company brand, and the creator of innovative and more sustainable textile solutions, has upheld its pledge to protect the environment.

With its new Beyond Begins Today initiative, Polartec aims to raise awareness around the important global themes of sustainability, diversity and positive change.

Polartec is engaged to make the goal of zero waste a reality – from using 100% recycled and plant-based materials, to delivering certified waste reductions and innovative technologies that reduce the impact of its activities.

Since inventing the first fleece crafted from recycled plastic water bottles more than three decades ago, Polartec®, a Milliken & Company brand, and the creator of innovative and more sustainable textile solutions, has upheld its pledge to protect the environment.

With its new Beyond Begins Today initiative, Polartec aims to raise awareness around the important global themes of sustainability, diversity and positive change.

Polartec is engaged to make the goal of zero waste a reality – from using 100% recycled and plant-based materials, to delivering certified waste reductions and innovative technologies that reduce the impact of its activities.

Beyond Begins Today is a multifaceted campaign featuring static and multimedia content, including short films released throughout the year via multiple touchpoints and channels – the first of which will be released on Earth Day 2024 to underscore the underlying premise that the future is what we make it. Polartec’s commitment to sustainable solutions go beyond the integration of increasingly advanced manufacturing methods or the ongoing exploration of novel fibers, and continued investments in sustainable materials development.

Polartec’s promises that every product launches in 2024 will either reduce the impact on the planet, endure the test of time, or contribute to circularity processes. Beyond Begins Today looks at how Polartec fabrics are made to last, and made to be used and enjoyed from one generation to the next and beyond. It explores the innovative monomaterials, repurposed plastic and plant-based nylon membranes and fabrics that Polartec uses to set new standards for high performance materials and the ambitious climate-related objectives across the entire value chain that exceed existing mandates. This holistic strategy shall allow Polartec to stay at the forefront of its industry by producing top-notch textiles that champion environmental stewardship and pave the way for a more sustainable tomorrow.

Source:

Akimbo Communications for Polartec

Thomas Stegmaier appointed Sustainability Officer Photo: DITF
Dr.-Ing. habil. Thomas Stegmaier
11.03.2024

DITF: Thomas Stegmaier appointed Sustainability Officer

The EU directive on the further development of sustainability reporting (CSRD) poses major challenges for companies and the public sector. Until now, the regulations have only applied to large capital market-oriented companies. However, far-reaching changes to sustainability reporting are expected when the CSRD is transposed into national law in 2024. The German Institutes of Textile and Fiber Research (DITF) are facing up to this challenge of external reporting and at the same time the responsibility for sustainable and resource-conserving science. The Textile Research Center has therefore set up a specialist department reporting to the Executive Board.

The DITF are reaffirming their commitment to sustainability with the appointment of the previous Head of the Competence Center Textile Chemistry, Environment & Energy, Dr.-Ing. habil. Thomas Stegmaier, as Chief Sustainability Officer (CSO). In addition to this new role, Stegmaier will continue to provide his expertise to the Competence Center Textile Chemistry, Environment & Energy as Deputy Head.

The EU directive on the further development of sustainability reporting (CSRD) poses major challenges for companies and the public sector. Until now, the regulations have only applied to large capital market-oriented companies. However, far-reaching changes to sustainability reporting are expected when the CSRD is transposed into national law in 2024. The German Institutes of Textile and Fiber Research (DITF) are facing up to this challenge of external reporting and at the same time the responsibility for sustainable and resource-conserving science. The Textile Research Center has therefore set up a specialist department reporting to the Executive Board.

The DITF are reaffirming their commitment to sustainability with the appointment of the previous Head of the Competence Center Textile Chemistry, Environment & Energy, Dr.-Ing. habil. Thomas Stegmaier, as Chief Sustainability Officer (CSO). In addition to this new role, Stegmaier will continue to provide his expertise to the Competence Center Textile Chemistry, Environment & Energy as Deputy Head.

The task of the Chief Sustainability Officer is to develop solutions to reduce the DITF's energy and resource consumption, promote renewable energies and implement efficient energy use. The management team, the operational organizational units and all employees are involved in the process.

The CSO also acts as a driving force for both the Executive Board and the research departments to promote sustainability issues.

08.03.2024

Final report of the World Pultrusion Conference 2024

The 17th World-Pultrusion-Conference (WPC) took place in Hamburg from 29 February to 1 March. Pultrusion, also known as the extrusion process, is a highly efficient method for producing fibre-reinforced plastic profiles for various applications in the construction/infrastructure and transport sectors.

A record number of almost 150 participants from all over the world attended the event. An international audience of experts from Europe and the USA, as well as China, India and Japan was represented.

The lecture programme with a total of 25 specialist lectures was strongly characterised by the topic of sustainability. The process development of thermoplastic pultrusion and applications in wind energy, solar panels, bridge construction and the automotive industry were also discussed at length. Despite the difficult market environment, many opportunities and possibilities for the pultrusion industry were presented.

The 17th World-Pultrusion-Conference (WPC) took place in Hamburg from 29 February to 1 March. Pultrusion, also known as the extrusion process, is a highly efficient method for producing fibre-reinforced plastic profiles for various applications in the construction/infrastructure and transport sectors.

A record number of almost 150 participants from all over the world attended the event. An international audience of experts from Europe and the USA, as well as China, India and Japan was represented.

The lecture programme with a total of 25 specialist lectures was strongly characterised by the topic of sustainability. The process development of thermoplastic pultrusion and applications in wind energy, solar panels, bridge construction and the automotive industry were also discussed at length. Despite the difficult market environment, many opportunities and possibilities for the pultrusion industry were presented.

The conference takes place every two years in a European country of importance to the pultrusion industry and is organised by AVK for the European Pultrusion Technology Association (EPTA), in cooperation with the American Composites Manufacturers Association (ACMA).

Source:

AVK - Industrievereinigung Verstärkte Kunststoffe e. V / The European Pultrusion Technology Association (EPTA)

DITF: Modernized spinning plant for sustainable and functional fibres Photo: DITF
Bi-component BCF spinning plant from Oerlikon Neumag
06.03.2024

DITF: Modernized spinning plant for sustainable and functional fibres

The German Institutes of Textile and Fiber Research Denkendorf (DITF) have modernized and expanded their melt spinning pilot plant with support from the State of Baden-Württemberg. The new facility enables research into new spinning processes, fiber functionalization and sustainable fibers made from biodegradable and bio-based polymers.

In the field of melt spinning, the DITF are working on several pioneering research areas, for example the development of various fibers for medical implants or fibers made from polylactide, a sustainable bio-based polyester. Other focal points include the development of flame-retardant polyamides and their processing into fibers for carpet and automotive applications as well as the development of carbon fibers from melt-spun precursors. The development of a bio-based alternative to petroleum-based polyethylene terephthalate (PET) fibers into polyethylene furanoate (PEF) fibers is also new. Bicomponent spinning technology, in which the fibers can be produced from two different components, plays a particularly important role, too.

The German Institutes of Textile and Fiber Research Denkendorf (DITF) have modernized and expanded their melt spinning pilot plant with support from the State of Baden-Württemberg. The new facility enables research into new spinning processes, fiber functionalization and sustainable fibers made from biodegradable and bio-based polymers.

In the field of melt spinning, the DITF are working on several pioneering research areas, for example the development of various fibers for medical implants or fibers made from polylactide, a sustainable bio-based polyester. Other focal points include the development of flame-retardant polyamides and their processing into fibers for carpet and automotive applications as well as the development of carbon fibers from melt-spun precursors. The development of a bio-based alternative to petroleum-based polyethylene terephthalate (PET) fibers into polyethylene furanoate (PEF) fibers is also new. Bicomponent spinning technology, in which the fibers can be produced from two different components, plays a particularly important role, too.

Since polyamide (PA) and many other polymers were developed more than 85 years ago, various melt-spun fibers have revolutionized the textile world. In the field of technical textiles, they can have on a variety of functions: depending on their exact composition, they can for example be electrically conductive or luminescent. They can also show antimicrobial properties and be flame-retardant. They are suitable for lightweight construction, for medical applications or for insulating buildings.

In order to protect the environment and resources, the use of bio-based fibers will be increased in the future with a special focus on easy-to-recycle fibers. To this end, the DITF are conducting research into sustainable polyamides, polyesters and polyolefins as well as many other polymers. Many 'classic', that is, petroleum-based polymers cannot or only insufficiently be broken down into their components or recycled directly after use. An important goal of new research work is therefore to further establish systematic recycling methods to produce fibers of the highest possible quality.

For these forward-looking tasks, a bicomponent spinning plant from Oerlikon Neumag was set up and commissioned on an industrial scale at the DITF in January. The BCF process (bulk continuous filaments) allows special bundling, bulking and processing of the (multifilament) fibers. This process enables the large-scale synthesis of carpet yarns as well as staple fiber production, a unique feature in a public research institute. The system is supplemented by a so-called spinline rheometer. This allows a range of measurement-specific chemical and physical data to be recorded online and inline, which will contribute to a better understanding of fiber formation. In addition, a new compounder will be used for the development of functionalized polymers and for the energy-saving thermomechanical recycling of textile waste.

05.03.2024

Denim Expert's Goal: 100% wastewater recycling

The announcement of a new effluent treatment plant (ETP) marks a milestone in Denim Expert's journey towards sustainability. This upcoming facility is a testament to the company's dedication to reducing its ecological footprint and safeguarding local ecosystems through advanced water management techniques.

The new Effluent Treatment Plant (ETP) being developed by Denim Expert strives for 100% wastewater recycling. As the ETP rises from concept to reality, Denim Expert embarks on a transition towards its next horizon: aligning with the Zero Discharge of Hazardous Chemicals (ZDHC) Wastewater Guidelines Version 2.0.

The announcement of a new effluent treatment plant (ETP) marks a milestone in Denim Expert's journey towards sustainability. This upcoming facility is a testament to the company's dedication to reducing its ecological footprint and safeguarding local ecosystems through advanced water management techniques.

The new Effluent Treatment Plant (ETP) being developed by Denim Expert strives for 100% wastewater recycling. As the ETP rises from concept to reality, Denim Expert embarks on a transition towards its next horizon: aligning with the Zero Discharge of Hazardous Chemicals (ZDHC) Wastewater Guidelines Version 2.0.

Denim Expert's proactive approach to sustainability has been recognized on a global scale. The company has been named 'New Champion' by the World Economic Forum and has partnered with organizations such as the Sustainable Apparel Coalition (SAC), the United Nations Framework Convention on Climate Change (UNFCCC), and the Ellen MacArthur Foundation's Jeans Redesign program. As one of the first factories to join the Partnership for Cleaner Textile (PaCT) and in the process of implementing the 3E program, Denim Expert is dedicated to achieving 100% water reuse and full reliance on solar energy, further solidifying its commitment to driving positive environmental change.

01.03.2024

Re:NewCell’s bankruptcy application approved

Re:NewCell AB announced that the Stockholm District Court has decided to approve the previously communicated bankruptcy application and has declared the company bankrupt.

The appointed bankruptcy trustee is lawyer Lars-Henrik Andersson at Cirio Advokatbyrå.

February,25 the Board of Directors had decided to file for bankruptcy of Re:NewCell AB at the Stockholm District Court. The reason for the decision to file for bankruptcy was that Re:NewCell has not been able to secure sufficient financing to complete the strategic review, announced on 20 November 2023, with satisfactory result.

As part of the strategic review, Re:NewCell has had well advanced negotiations with its two largest shareholders, H&M and Girindus, its existing lenders BNP Paribas, European Investment Bank, Finnvera (as partial guarantor), Nordea, AB Svensk Exportkredit and potential new investors as well as other stakeholders regarding long-term financing solutions. These discussions have not resulted in a solution which would provide Re:NewCell with the necessary liquidity and capital to ensure its operations going forward.

Re:NewCell AB announced that the Stockholm District Court has decided to approve the previously communicated bankruptcy application and has declared the company bankrupt.

The appointed bankruptcy trustee is lawyer Lars-Henrik Andersson at Cirio Advokatbyrå.

February,25 the Board of Directors had decided to file for bankruptcy of Re:NewCell AB at the Stockholm District Court. The reason for the decision to file for bankruptcy was that Re:NewCell has not been able to secure sufficient financing to complete the strategic review, announced on 20 November 2023, with satisfactory result.

As part of the strategic review, Re:NewCell has had well advanced negotiations with its two largest shareholders, H&M and Girindus, its existing lenders BNP Paribas, European Investment Bank, Finnvera (as partial guarantor), Nordea, AB Svensk Exportkredit and potential new investors as well as other stakeholders regarding long-term financing solutions. These discussions have not resulted in a solution which would provide Re:NewCell with the necessary liquidity and capital to ensure its operations going forward.

"I regret to inform that we have been forced to take this decision to file for bankruptcy. As we have a strong belief in the company’s long-term potential, we have together with our advisors spent very substantial time and efforts into trying to secure the necessary liquidity, capital and ownership structure for the company to secure its future. As part of the negotiations, we have had intense dialogues with both current main owners, new investors and our banks, as well as other stakeholders. However, these discussions have not been successful. This is a sad day for the environment, our employees, our shareholders, and our other stakeholders, and it is a testament to the lack of leadership and necessary pace of change in the fashion industry” says Chairman of the Board of Directors, Michael Berg.

More information:
Renewcell bankruptcy
Source:

Renewcell

01.03.2024

Autoneum: New Business Unit for Commercial Vehicles

Autoneum has established a new Business Unit Commercial Vehicles to expand its existing truck business and to increase revenue and profitability in this vehicle segment as part of the Group’s strategic focus on profitable growth. To begin with, the Business Unit will focus on the commercial vehicles business in Europe and South America, as these two regions have a comparable customer base. The Business Unit is responsible for the global commercial vehicles business development, while its financial results will be consolidated within the Business Groups.

Autoneum has established a new Business Unit Commercial Vehicles to expand its existing truck business and to increase revenue and profitability in this vehicle segment as part of the Group’s strategic focus on profitable growth. To begin with, the Business Unit will focus on the commercial vehicles business in Europe and South America, as these two regions have a comparable customer base. The Business Unit is responsible for the global commercial vehicles business development, while its financial results will be consolidated within the Business Groups.

The new Business Unit focuses primarily on the business with components for medium and heavy trucks as well as agricultural commercial vehicles. Following the acquisition of Borgers Automotive in April last year, Autoneum has significantly expanded its product and technology portfolio for these vehicle segments. In combination with the Company’s global presence and diversified customer structure, this provides an ideal basis for future profitable growth. Autoneum already operates plants which manufacture products for the exterior and interior of commercial vehicles in Belgium, Czech Republic, France, Germany and Poland, as well as in Brazil. With the creation of a dedicated Business Unit Commercial Vehicles, Autoneum aims to leverage its existing production footprint in order to further grow the business worldwide.

As with the product portfolio for light vehicles, Autoneum’s multifunctional, lightweight and sustainable systems and components are suitable for commercial vehicles of all drive types. Autoneum is therefore well positioned for the expected increase in electric models due to more stringent environmental regulations.

More information:
Autoneum Automotive acoustic
Source:

Autoneum

01.03.2024

AkzoNobel: New manufacturing plant in Pakistan

A new €26 million manufacturing plant with its own forest has been opened by AkzoNobel in Faisalabad – the company’s largest investment in Pakistan to date.

The 25-acre site, which has facilities for making decorative paint, wood finishes, automotive and specialty coatings, coil coatings and protective coatings, will help to meet increasing customer demand across a variety of markets.

Also incorporated into the Faisalabad location is a forest spanning an area of 5,450 square feet. More than 1,400 native trees and shrubs – planted using the Japanese Miyawaki gardening technique – are expected to grow into a flourishing self-sustaining ecosystem over the next two years.

The site, which employs nearly 200 people, has been constructed to comply with the company’s strict environmental standards and includes a series of sustainability features, such as renewable energy generation and energy efficient design.

A new €26 million manufacturing plant with its own forest has been opened by AkzoNobel in Faisalabad – the company’s largest investment in Pakistan to date.

The 25-acre site, which has facilities for making decorative paint, wood finishes, automotive and specialty coatings, coil coatings and protective coatings, will help to meet increasing customer demand across a variety of markets.

Also incorporated into the Faisalabad location is a forest spanning an area of 5,450 square feet. More than 1,400 native trees and shrubs – planted using the Japanese Miyawaki gardening technique – are expected to grow into a flourishing self-sustaining ecosystem over the next two years.

The site, which employs nearly 200 people, has been constructed to comply with the company’s strict environmental standards and includes a series of sustainability features, such as renewable energy generation and energy efficient design.

Source:

AkzoNobel