From the Sector

• Revenue rose to EUR 2.57 bn, while EBITDA declined to EUR 241.9 mn
• Implementation of EUR 70 mn cost reduction program proceeding according to plan
• Largest investment program in the company’s history including the lyocell plant in Thailand and the pulp mill in Brazil implemented on time and within budget
• Outlook: Lenzing expects EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn

The Lenzing Group was increasingly affected by extreme developments on the global energy and raw material markets in the 2022 financial year, in tandem with most of manufacturing industry in Europe. The market environment also deteriorated significantly in the third and fourth quarters, while worsening consumer sentiment placed an additional burden on Lenzing’s business growth.

In the year under review, revenue increased by 16.9 percent year-on-year to reach EUR 2.57 bn, primarily as a result of higher fiber prices. The quantity of fiber sold decreased, while the quantity of pulp sold rose. In addition to lower demand, the earnings trend particularly reflects the increase in energy and raw material costs. Earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 33.3 percent year-on-year to EUR 241.9 mn in 2022. The net result for the year was minus EUR 37.2 mn (compared with EUR 127.7 mn in the 2021 financial year), while earnings per share stood at minus EUR 2.75 (compared with EUR 4.16 in the 2021 financial year).

Outlook
The war in Ukraine and the tighter monetary policy pursued by many central banks to combat inflation will continue to exert pressure on the global economy. The easing of China’s zero-Covid policy could lead to an unexpectedly rapid recovery. However, the IMF has warned that risks remain high overall and projects growth of 2.9 percent in 2023. Exchange rate volatility looks set to continue in regions that are important to Lenzing.

These challenging market conditions are also continuing to weigh on consumer confidence and sentiment in the sectors relevant to Lenzing. The outlook has improved slightly of late, with inventory levels returning to normal across the value chain. Nonetheless, subdued demand remains a source of concern for market players.

Inventories in the bellwether cotton market have diminished recently, although they remain above pre-pandemic levels. A decline in crops is foreseeable in the current 2022/2023 harvest season. The sharp rise in prices on the energy and raw material markets will continue to pose significant challenges for the market.

Overall, earnings visibility remains restricted.

In structural terms, Lenzing expects a continued rise in demand for environmentally friendly fibers in the textile and clothing industry, as well as in the hygiene and medical sectors. Thus, with its “Better Growth” strategy, Lenzing is very well positioned and will continue to drive growth in specialty products, while pursuing its sustainability targets including the transformation from a linear to a circular economy model.

In light of these factors and assuming a further market recovery in the current financial year, the Lenzing Group expects EBITDA in 2023 to be in a range of EUR 320 mn to EUR 420 mn.

• Post-Pandemic Market Opportunities, New Technologies and Sustainability Highlight Conference This Fall in Arizona

 
The global absorbent hygiene and personal care markets are enthusiastically anticipating the return of Hygienix™ 2021 as a live, in-person conference Nov. 15-18, in Scottsdale, Arizona, focusing on post-pandemic opportunities, sustainability, new technologies and award-winning products.

The event will offer exciting opportunities for Hygienix participants to engage with new and existing customers in a face-to-face setting, and discover the latest innovations over four days at the Westin Kierland Resort. Highlights include two nonwovens workshops, a welcome reception, opportunities for 60 tabletop displays with receptions, eight intriguing panel discussions and presentations for the Hygienix Innovation Award™ and the INDA Lifetime Service Award.

As the market emerges from the pandemic, trends in sustainability such as replacing plastic with natural fibers, recycling and composting will present new opportunities that will be addressed by 30 presenters from industry companies. Conference participants also will discover how new technologies such as smart sensors and haptics — the use of technology that stimulates the senses of touch and motion — are helping to change the consumer experience.

Hygienix sessions featuring moderated discussions with industry-leading experts and Q&A opportunities are focused on the following themes:

• New Options for Responsible End-of-Life
• Haptics: Four Approaches to Assessing Feel
• Products and Process Innovations in Global Absorbent Hygiene Products (AHPS)
• Absorbent Hygiene Products Market Stats, Trends and Policy Insights
• E-Hygiene Advancements
• Feminine Care: Challenges to the Status Quo (presented in two parts)
• New Approaches and Unmet Needs in Baby and Incontinence AHPS

Hygienix will address the latest research and statistics including:

• Understanding the State of the Nonwovens Absorbent Hygiene Market, COVID-19 Impact and Baby Boom or Bust
• Direct-to-Consumer Winners, Losers & Insights
• Evolution of Sustainable Hygiene: Opportunity, Challenge, and Future Growth
• Single-Use Plastics Policy Developments in North America
• Understanding Consumer Needs and Desires When Considering Incontinence Products

• Digital Pioneer Awards ceremony at the digitalCHURCH
• ITA Academy GmbH was honoured to receive the Digital Pioneer Award at the Digital Summit Event in Aachen on June 09, 2021.

The Digital Pioneer Award is given to companies that drive digitalisation with digital business models, processes or digital products. ITA Academy GmbH was honoured with the Digital Capability Center (DCC) Aachen and its support of companies in their digital transformation.

Using the latest didactic methods, sophisticated solution concepts and state-of-the-art technologies, the DCC Aachen supports people in keeping up with the digital future and becoming pioneers in digital transformation. In order to make innovative solutions such as AI and digital assistance systems tangible, the ITA Academy founded the Digital Capability Center (DCC) Aachen together with McKinsey & Company in 2017. The DCC is a model factory 4.0 in which digital applications are demonstrated and taught using the example of a realistic factory. The DCC thus offers a learning environment for companies in which participants are supported in building up competencies in the field of digital transformation in the form of practical work-shops.

The digital pioneers are to be publicised as best-practice examples in order to sensitize regional SMEs to the topic of digitisation. Around the award of the digital pioneers, the digitalHUB Aachen e.V. rolls out effective marketing activities. The pioneers achieve high visibility through the various planned campaigns and advertising opportunities.

The PERFORMANCE DAYS summer edition took place as a Digital Fair Week from May 17 to 21, 2021. By extending the event to an entire week of the fair, the PERFORMANCE DAYS team, in cooperation with the Functional Fabric Fair by PERFORMANCE DAYS, was able to provide even more opportunities for intensive networking and interactive exchange for industry insiders to catch up on the latest innovations and participate in exciting expert talks, supplier workshops and panel discussions.

Informative, innovative and international: new sourcing platform THE LOOP
The Digital Fair Week was introduced for the first time at the summer edition as part of PERFORMANCE DAYS LOOPS. The sourcing platform was launched in the first half of 2021 together with US Partner Functional Fabric Fair by PERFORMANCE DAYS. With much success, as proven by the great enthusiasm shown by exhibitors, trade fair visitors and fabric manufacturers. The MARKETPLACE area, which showcased some 10.000 products and around 400 curated, sustainable fabrics and accessories from more than 170 international exhibitors, enjoyed particular popularity as part of the Digital Fair.

Another extremely popular and particularly well-attended attraction was the 3D FORUM, which tested hand-selected fabrics for their material properties as part of the digital fair week, to be visualized ultimately as a 3D scan.
Also for the spring/summer 2023 season, the jury presented two awards for outstanding fabrics – so in addition to the presentation of the PERFORMANCE AWARD, won by Trenchant Textiles, the ECO PERFORMANCE AWARD was presented to the winner, Utenos Trikotazas.

Professional, versatile and informative: Program with Expert Talks
A total of 17 live talks from 30+ speakers followed by a question-and-answer session, under the guidance of moderator and freelancer Astrid Schlüchter, formed the basis of the digital fair supporting program from May 17 to 19. All talks, webinars and panel discussions are available on demand via THE LOOP platform.

The PERFORMANCE DAYS Team has once again succeeded in providing the industry with an almost real trade fair experience despite being held digitally. Via the Digital Fair Platform, which was activated explicitly for the trade fair week, trade fair visitors can enter into interactive exchange, including matchmaking and networking activities.

The premiere of the Functional Textiles Shanghai by PERFORMANCE DAYS fair takes place in Shanghai in September 28-29 as well as in Portland in October 27-28, 2021, with the planned hybrid event in Munich scheduled for December 1 and 2, 2021.

• Next Jec World Will Take Place From March 8 To 10, 2022

The continued impact of the Covid-19 pandemic unfolding throughout 2021 has forced the JEC World team to reexamine the possibility of holding the next edition of JEC World this year. Thus, after thorough consultation of clients and partners, the JEC World team has decided to postpone the next edition of JEC World to March 8 to 10, 2022.

Amidst growing concern among our exhibitors and partners surrounding the critical situation of the Covid 19 restrictive measures and other limitations in place in many countries, the JEC World team has decided to work on a new timeline to hold the next edition of the event in the best conditions in 2022. Thus, JEC World exhibitors were asked to respond to a survey offering two new dates to determine which one would suit them the most. It appeared that 89% of respondents favored holding the next JEC World session from March 8 to 10, 2022.

“The coronavirus pandemic situation has taken the central stage, so in light of the current situation, it would not be possible for us to satisfy our customers’ requirements for such an international trade fair as JEC World in June. We truly regret having to make this difficult decision once again. However, we are all committed, starting today, to deliver the best JEC World experience to our clients in 2022.” says Eric Pierrejean, CEO of JEC Group. “While waiting for welcoming the international composites community back to Paris in March 2022, JEC Group team is preparing various online Rendez-Vous in June enabling the entire composites community to discover trends and innovations, and to connect″, he added.

The leading composites event will take place from March 8 to 10, 2022, at Paris Nord Villepinte (same venue) and online for a new augmented experience.

As the leading trade show of the composites industry, JEC World will bring together the whole composites materials value chain and professionals from application sectors, experts from the scientific and academic world, associations, and media from more than 112 countries, introducing in 2022 its audience its new digital platform, JEC World Augmented.

“JEC World 2022 and the augmented platform  will bring the international composites community and specialists together to resume business, network, hold business meetings. They will also have the chance to participate in conferences, workshops, and discover the latest composites innovations,” says Adeline Larroque, Show director and EMEA events.

• New digital platform unveiled
• Due to the continued impact of the Covid-19 pandemic and after thorough consultation of clients and partners, the JEC World team today announces that the next edition of JEC World is postponed from March 9 to 11 to June 1 to 3, 2021.

With the growing concern among our exhibitors and partners surrounding the critical situation of the Covid  19,  travel  restrictions,  quarantine,  and  lockdown  measures  announced  recently  in  many  countries, the JEC World team has decided to work on a new timeline to hold the next edition of the event in safer conditions in 2021.

Thus, JEC World exhibitors answered a survey proposing three dates to determine which one would suit  them  the  most.  It  appeared  that  a  large  majority  of  respondents  favored  holding  the  next  JEC  World session from June 1 to 3, 2021."We truly regret having to make this difficult decision. However, we are all committed, starting todayto deliver the best JEC World experience to our clients.  We look forward to welcoming the international composites community back to Paris in June 2021", says Eric Pierrejean, CEO of JEC Group. As the leading trade show of the composites industry, JEC World brings together the whole composites materials  value  chain  and  professionals  from  application  sectors,  experts  from  the  scientific  and  academic world, associations and media from more than 112 countries.

JEC  World  is  also  proud  to  introduce  its  audience  this  year,  its  new  digital  platform,  JEC  World  Augmented.

This online platform, programmed to take place alongside JEC World,istailored primarily for attendees who cannot be present physically at the show but still want to experience a tremendousdigital event immersion. "JEC  World  and  its  augmented platform  will  bring  the  international  composites  community  and  specialists   together   to   network   with   exhibitors,   hold   digital   business   meetings,   access   online   conferences, workshops, and discover the latest composites innovation,"  says Adeline Larroque, Show director and EMEA events. "Now, more than ever, the international composites sector needs to come together to discuss today's challenges and tomorrow's composites solutions," adds Larroque.

The corona pandemic continues to put a strain on health systems around the globe. Many places lack effective textile protective kit among others for their medical personnel. HeiQ, a Swiss specialty chemicals company, has developed antiviral and antibacterial protective kit that is quickly effective against Coronaviruses (229E), as confirmed in wide-ranging studies. In cooperation with HeiQ, the CHT Group is supplying this technology to the market to help decrease the global shortage in protective wear.

A wide number of studies have proven that viruses and bacteria can remain active on textile surfaces for a longer period. The SARS-COV-2 virus, which causes the COVID-19 disease, can stay active on a textile for up to two days and therefore be infectious. Shortages in textile protective kit create a high risk for medical personnel who are in contact with COVID-19 patients: often, doctors and nurses cannot change their protective masks and clothing as frequently as would be necessary in order to adhere to hygiene rules and to prevent the spreading of the virus.

The HeiQ Viroblock NPJ03 that has been developed by HeiQ is a new technology that is also effective against Coronaviruses (229E) thanks to its antibacterial and antiviral properties. Comprehensive studies have demonstrated the kit‘s effectiveness. A combination of silver salts with a vesicle technology deactivates bacteria and viruses on textile surfaces within a few minutes and renders the bacteria and viruses harmless. Textiles equipped in this way reduce the rate of infection by 99.99%, which stops the transmission and the spread of bacteria and viruses through textiles.

Viroblock can be used on all types of fibers – not only for protective kit and masks, but also for work clothing, bed linen, towels and home textiles. The kit is wash-resistant and still highly effective after 30 standard wash processes.