From the Sector

• Currency-neutral sales up 4%, despite more than € 300 million negative impact from macroeconomic constraints
• Markets representing more than 85% of the business grow 14% overall
• Gross margin down 1.5pp to 50.3% reflecting significantly higher supply chain costs
• Operating profit reaches € 392 million
• Net income from continuing operations amounts to € 360 million
• FY 2022 outlook reflects double-digit growth during the second half of the year

“Our Western markets continued to show strong momentum in the second quarter amid heightened macroeconomic uncertainty. With Asia-Pacific returning to growth, markets combined representing more than 85% of our business grew at a double-digit rate,” said adidas CEO Kasper Rorsted. “With sports back at center stage this summer, revenues in our strategic growth categories Football, Running and Outdoor all increased by double digits. However, the macroeconomic environment, particularly in China, remains challenging. The recovery in this market is – due to continued covid-19-related restrictions – slower than expected. And we have to take into account a potential slowdown in consumer spending in all other markets for the remainder of the year.”

Currency-neutral revenues increase 4% despite macroeconomic constraints
In the second quarter, currency-neutral revenues increased 4% as adidas continued to see strong momentum in Western markets. This growth was achieved despite continued challenges on both supply and demand. Supply chain constraints as a result of last year’s lockdowns in Vietnam reduced top-line growth by around € 200 million in Q2 2022. In addition, the company’s decision to suspend its operations in Russia reduced revenues by more than € 100 million during the quarter. Continued covid-19-related lockdowns in Greater China also weighed on the top-line development in Q2. From a channel perspective, the top-line increase was to a similar extent driven by the company’s own direct-to-consumer (DTC) activities as well as increases in wholesale. Within DTC, e-commerce, which now represents more than 20% of the company’s total business, showed double-digit growth reflecting strong product sell-through. From a category perspective, revenue development was strongest in the company’s strategic growth categories Football, Running and Outdoor, which all grew at strong double-digit rates. In euro terms, revenues grew 10% to € 5.596 billion in the second quarter (2021: € 5.077 billion).

Strong demand in Western markets
Revenue growth in the second quarter was driven by Western markets despite last year’s lockdowns in Vietnam still reducing sales, particularly in EMEA and North America, by
€ 200 million in total. In addition, the top-line development in EMEA was also impacted by the loss of revenue in Russia/CIS of more than € 100 million. Nevertheless, currency-neutral sales grew 7% in the region. Revenues in North America increased 21% during the quarter driven by growth of more than 20% in both DTC and wholesale. Revenues in Latin America increased 37%, while Asia-Pacific returned to growth. Currency-neutral revenues increased 3% in this market despite still being impacted by limited tourism activity in the region. In contrast, the company continued to face a challenging market environment in Greater China, mainly related to the continued broad-based covid-19-related restrictions. As a result, currency-neutral revenues in the market declined 35% during the three-months period, in line with previous expectations. Excluding Greater China, currency-neutral revenues in the company’s other markets combined grew 14% in Q2.

Operating profit of € 392 million reflects operating margin of 7.0%
The company’s gross margin declined 1.5 percentage points to 50.3% (2021: 51.8%). Significantly higher supply chain costs and a less favorable market mix due to the significant sales decline in Greater China weighed on the gross margin development. This could only be partly offset by a higher share of full price sales, first price increases and the benefits from currency fluctuations. Other operating expenses were up 19% to € 2.501 billion (2021: € 2.107 billion). As a percentage of sales, other operating expenses increased 3.2 percentage points to 44.7% (2021: 41.5%). Marketing and point-of-sale expenses grew 8% to € 663 million (2021: € 616 million). The company continued to prioritize investments into the launch of new products such as adidas’ new Sportswear collection, the next iteration of its successful Supernova running franchise and first drops related to the Gucci collaboration as well as campaigns around major events like ‘Run for the Oceans.’ As a percentage of sales, marketing and point-of-sale expenses were down 0.3 percentage points to 11.8% (2021: 12.1%). Operating overhead expenses increased by 23% to a level of € 1.838 billion (2021:
€ 1.492 billion). This increase was driven by adidas’ continuous investments into DTC, its digital capabilities and the company’s logistics infrastructure as well as by unfavorable currency fluctuations. As a percentage of sales, operating overhead expenses increased 3.5 percentage points to 32.8% (2021: 29.4%). The company’s operating profit reached a level of € 392 million (2021: € 543 million), resulting in an operating margin of 7.0% (2021: 10.7%).

Net income from continuing operations reaches € 360 million
The company’s net income from continuing operations slightly declined to € 360 million (2021: € 387 million). This result was supported by a one-time tax benefit of more than € 100 million due to the reversal of a prior year provision. Consequently, basic EPS from continuing operations reached € 1.88 (2021: € 1.93) during the quarter.

Currency-neutral revenues on prior year level in the first half of 2022
In the first half of 2022, currency-neutral revenues were flat versus the prior year period. In euro terms, revenues grew 5% to € 10.897 billion in the first six months of 2022 (2021:
€ 10.345 billion). The company’s gross margin declined 1.7 percentage points to 50.1% (2021: 51.8%) during the first half of the year. While price increases as well as positive exchange rate effects benefited the gross margin, these developments were more than offset by the less favorable market mix and significantly higher supply chain costs. Other operating expenses increased to € 4.759 billion (2021: € 4.154 billion) in the first half of the year and were up 3.5 percentage points to 43.7% (2021: 40.2%) as a percentage of sales. adidas generated an operating profit of € 828 million (2021: € 1.248 billion) during the first six months of the year, resulting in an operating margin of 7.6% (2021: 12.1%). Net income from continuing operations reached € 671 million, reflecting a decline of € 219 million compared to the prior year level (2021: € 890 million). Accordingly, basic earnings per share from continuing operations declined to € 3.47 (2021: € 4.52).

Average operating working capital as a percentage of sales slightly decreases
Inventories increased 35% to € 5.483 billion (2021: € 4.054 billion) at June 30, 2022 in anticipation of strong revenue growth during the second half of the year. Longer lead times as well as the challenging market environment in Greater China also contributed to the increase. On a currency-neutral basis, inventories were up 28%. Operating working capital increased 23% to € 5.191 billion (2021: € 4.213 billion). On a currency-neutral basis, operating working capital was up 14%. Average operating working capital as a percentage of sales decreased 0.4 percentage points to 21.0% (2021: 21.4%), reflecting an overproportional increase in accounts payable due to higher sourcing volumes and product costs.

Adjusted net borrowings at € 5.301 billion
Adjusted net borrowings amounted to € 5.301 billion at June 30, 2022, representing a year-over-year increase of € 2.155 billion (June 30, 2021: € 3.146 billion). This development was mainly due to the significant decrease in cash and cash equivalents.

FY 2022 outlook reflects double-digit growth during the second half of the year
On July 26, adidas adjusted its guidance for FY 2022 due to the slower-than-expected recovery in Greater China since the start of the third quarter resulting from continued widespread covid-19-related restrictions. adidas now expects currency-neutral revenues for the total company to grow at a mid- to high-single-digit rate in 2022 (previously: at the lower end of the 11% to 13% range), reflecting a double-digit decline in Greater China (previously: significant decline). While so far the company did not experience a meaningful slowdown in the sell-through of its products or significant cancellations of wholesale orders in any market other than Greater China, the adjusted guidance also accounts for a potential slowdown of consumer spending in those markets during the second half of the year as a result of the more challenging macroeconomic conditions. Therefore, growth in EMEA is now expected to be in the low teens (previously: mid-teens growth), while revenues in Asia-Pacific are projected to grow at a high-single-digit rate (previously: mid-teens growth). Despite the more conservative view on the development of consumer spending in the second half of the year, adidas has increased its forecasts for North America and Latin America reflecting the strong momentum the brand is enjoying in these markets. In North America, currency-neutral revenues are now expected to increase in the high teens. Sales in Latin America are projected to grow between 30% and 40% (both previously: mid- to high-teens growth).   

Due to the less favorable market mix and the impacts from initiatives to clear excess inventories in Greater China until the end of the year, gross margin is now expected to reach a level of around 49.0% (previously: around 50.7%) in 2022. Consequently, the company’s operating margin is now forecast to be around 7.0% (previously: around 9.4%) and net income from continuing operations is expected to reach a level of around € 1.3 billion (previously: at the lower end of the € 1.8 billion to € 1.9 billion range).

• Merkblatt zum Energiekostendämpfungsprogramm vom 21.07.2022

Die Europäische Kommission hat die vierte Säule des Maßnahmenpakets der Bundesregierung für Unternehmen genehmigt, die besonders von den Folgen des russischen Angriffskriegs auf die Ukraine betroffen sind, und startet damit das Energiekostendämpfungsprogramm für energieintensive Industrien. Laut Anlage A des Merkblatts gehören zu den Wirtschaftszweigen mit einem erheblichen Risiko verschiedene Bereiche der Textilindustrie, wie Spinnerei, Weberei, Veredlung, Herstellung von Vliesstoffen, Technische Textilien und Chemiefasern.

Der russische Angriffskrieg auf die Ukraine hat spürbare Auswirkungen auch auf deutsche Unternehmen. Stark gestiegene Energiepreise stellen für viele Unternehmen eine Belastung dar. Das Bundeswirtschafts- und Klimaschutzministerium und das Bundesfinanzministerium haben daher am 8. April 2022 ein Maßnahmenpaket für die von Kriegsfolgen besonders betroffenen Unternehmen vorgelegt. Dieses Maßnahmenpaket umfasst mehrere Komponenten, die Schritt für Schritt umgesetzt werden. Nachdem Ende April bzw. Anfang Mai bereits das KfW-Kreditprogramm eingeführt und die Bund-Länder- Bürgschaftsprogramme erweitert worden sind und seit dem 17. Juni 2022 auch das Margining-Absicherungsinstrument bereitsteht, startet nun die vierte Säule des Pakets, das Energiekostendämpfungsprogramm für energieintensive Industrien.

Antragsberechtigte energie- und handelsintensive Unternehmen können hiernach einen Zuschuss zu ihren gestiegenen Erdgas- und Stromkosten von bis zu 50 Millionen Euro erhalten, der in drei Stufen im Zeitraum Februar bis September 2022 gezahlt wird. Das Hilfsprogramm hat ein geplantes Volumen von insgesamt bis zu 5 Milliarden Euro.

Das Programm dient der Kostendämpfung des Erdgas- und Strompreisanstiegs für besonders betroffene energie- und handelsintensive Unternehmen.

• Hohe Beschaffungspreise und rückläufige Nachfrage
• Geschäftsklima bricht ein

Die Hersteller der deutschen Maschenindustrie stellen sich auf schwierige Zeiten ein. Die Geschäftsklimaumfrage von Gesamtmasche für das 3. Quartal ergab einen drastischen Absturz der Geschäftserwartungen: Der Index fällt in den Negativbereich, die Erträge erodieren. „Viele Firmen können ihre rasant steigenden Produktions- und Beschaffungskosten nicht an die Kunden weiterreichen“, sagt Martina Bandte, Präsidentin des Gesamtverbands der deutschen Maschenindustrie. „Hohe Energiepreise, drohende Versorgungslücken und die gefährlich hohe Inflationsrate machen Unternehmen wie Verbrauchern zu schaffen.“

Mit -2,37 Indexpunkten verzeichnet der Geschäftsklimaindex der deutschen Maschenindustrie einen drastischen Absturz. Im vorangegangenen Quartal hatte er noch bei 9,28 Punkten gelegen. Negative Indexwerte wurden zuletzt im Lockdown erreicht.

Die Hersteller fürchten vor allem um ihre Inlandsumsätze. Für die kommenden Monate rechnen ca. 40 Prozent der Hersteller mit einem schlechteren Geschäft. Ein Drittel der befragten Unternehmen beklagt aktuell rückläufige Erträge. Bis zum Herbst erwarten sogar gut 52 Prozent der Firmen weitere Ertragseinbrüche. Während derzeit noch ca. 85 Prozent der Betriebe mit ihrer Kapazitätsauslastung zufrieden sind, rechnet ein Drittel mit einer Verschlechterung im nächsten Vierteljahr.

„In Deutschland ist die Inflation so hoch wie seit über 40 Jahren nicht mehr. Schrumpfende Realeinkommen und Energieknappheit nur mit dem Ukraine-Krieg zu erklären, greift zu kurz. Die Folgen einer ideologisierten Energiepolitik und 15 Jahre ungehemmte Geldmengenexpansion schlagen jetzt bitter zurück“, kritisiert die Familienunternehmerin Bandte. „Statt Ursachenbekämpfung zu betreiben, werden teure Notfallpläne aufgelegt. Tatsächlich wächst die Belastung für Firmen und Verbraucher immer weiter. Wenn unsere Wirtschaft wieder wachsen soll, muss die Politik dringend ihre Prioritätensetzung ändern.“

C&S strengthens its position in the luxury segment with the acquisition of Texo S.R.L., a company based in Cagli (Pesaro and Urbino) with 10 years of experience in the production of fashion apparel for Texo and for third parties.

C&S enriches the offer of its Style Services Luxe division, the research and production solution for any kind of style needs, together with Style Services Denim and along with C&S Experience projects, initiatives in direct contact with retail such as the haikure brand and the license agreements for Europe for Jeckerson and Purple. C&S’s history begins over 40 years ago in Trestina, in the Perugia province, and is rooted in denim culture and in the limitless potential that comes with this fabric. The company has begun to establish itself as a partner for the creation of jackets, shirts, outerwear, and denim. Its know-how expresses the combination of the production souls that characterize its territory of origin, between Umbria and Marche: all the typical tradition of premium denim mixed with the culture of luxury apparel, intimately dedicated to beauty, quality, and attention to detail.

“We are proud to have achieved this new milestone” states Federico Corneli, C&S’s main shareholder. “We firmly believe that the added value that Texo S.R.L.’s specialization brings to the table will allow us to grow further and to be able to accelerate the strategic path that will lead us to establish ourselves as special partner for the most important luxury brands”.

Premium Group and JOOR have renewed their partnership to power the SS23 PREMIUM and SEEK trade shows through JOOR’s digital platform, underpinning their belief in the power of a hybrid approach to wholesale.

From 7 - 9 July, buyers visiting the shows in Berlin will be able to learn more about and shop from exhibitors in a new hybrid way. Buyers can discover the full PREMIUM and SEEK portfolio of brands both in-person and online 24/7 by visiting JOOR Passport, JOOR's digital trade show destination.

Premium Group unites its various show locations to one cosmos for SS23 at Messe Berlin. The PREMIUM and SEEK shows will be joined by two further components— The Ground is a D2C creative platform for brands and consumers to meet, connect, and collaborate through one-of-a-kind experiences, engaging content, and innovative products, while FASHIONTECH, features masterclasses and panel discussions from the fashion industry’s most brilliant minds. A calendar of content includes deep dives into strong, successful, and sustainable strategies. As part of the content offer, JOOR will facilitate a masterclass on ‘Digital Wholesale’ and a future-looking roundtable discussion with four leading fashion brands on the FASHIONTECH stage.

Throughout the duration of the show, in-person buyers and visitors will have the ability to shop via the Premium Group mobile app. By simply scanning a brand’s corresponding QR code, visitors will link to the brand’s custom profile on JOOR Passport and be able to shop collections directly on the platform. JOOR Passport will also extend the duration of the shows by up to three months, allowing brands to continue wholesale selling digitally outside the window of the physical show.

JOOR and Premium Group’s flexible hybrid format allows visitors and brands a seamless digital and physical introduction to each other and their collections, the opportunity to connect in an efficient, effective, and longer term way, and the convenience to shop the show 24 hours a day from anywhere in the world.

Brands participating include Drykorn, Closed, Bertoni of Denmark, Veja, Ecoalf, Wrangler and Absolut Cashmere.

• Beschaffungsprobleme, Überregulierung und Inflation belasten die Branche

Die Hersteller der deutschen Maschenindustrie blicken zum zweiten Quartal des Jahres sorgenvoll in die Zukunft.  Die wirtschaftlichen Folgen des Kriegs in der Ukraine und die anhaltenden Störungen in den Lieferketten lassen die Erträge trotz befriedigender Auftragslage einbrechen. „Immer höheren Beschaffungspreise belasten die Margen“, sagt Martina Bandte, Präsidentin des Gesamtverbands der deutschen Maschenindustrie. „Dazu kommt die Kaufzurückhaltung der Konsumenten, die durch die politische Lage und die hohe Inflation verunsichert sind.“

Mit den Umsätzen im In- und Ausland und den aktuellen Auftragseingängen sind gut 95 Prozent der Maschenfirmen zufrieden. Dadurch ist der Geschäftsklimaindex der Maschenindustrie zum 2. Quartal 2022 mit 9,28 zwar noch deutlich positiv, doch verzeichnet er im Vergleich zum 1. Quartal (17,96 Indexpunkte) einen drastischen Rückgang. Die Branche erwartet in den nächsten Monaten Nachfrageeinbrüche und weiter steigende Produktionskosten.  60 Prozent der Hersteller rechnen mit einer weiteren Verschlechterung der Ertragslage.

„Wirtschaft und Verbraucher brauchen jetzt dringend Entlastung. Aber Berlin und Brüssel nehmen allen Alarmsignalen zum Trotz weiter Kurs auf noch mehr Bürokratie und Vorschriften“, kritisiert die Familienunternehmerin Bandte. „Teure und ideologisch motivierte Regulierung in der Umwelt- und Energiepolitik und eine Wohlführpolitik auf Pump ziehen uns den Boden unter den Füßen weg. Die Politik scheint sich nicht mehr für ein innovationsfreundliches und dynamisches Wirtschaftsklima in Europa zu interessieren. Das ist Gift für Wachstum und Innovation.“

• Currency-neutral sales down 3% as supply constraints reduce top-line by € 400 million
• Western markets continue to show strong momentum with combined currency-neutral sales growing 13% across North America (+13%), EMEA (+9%) and Latin America (+38%)  
• Gross margin down 1.9pp to 49.9% driven by significantly higher supply chain costs
• Operating margin of 8.2% reflecting additional investments into brand, DTC, and digital
• Net income from continuing operations reaches € 310 million
• FY 2022 outlook for revenue and net income confirmed at the lower end due to the impact from covid-19-related lockdowns in Greater China

“In the first quarter, consumer demand for our brand and products was strong in all Western markets. Our combined sales in North America, EMEA and Latin America grew at a double-digit rate. Backed by an exceptionally strong wholesale order book and relentless focus on driving growth in our own DTC channels, we expect this positive development to continue for the rest of the year,” said adidas CEO Kasper Rorsted. “In the East, we will return to growth in Asia-Pacific in the second quarter, while we expect the challenging market environment in Greater China to continue. With strong double-digit growth in the vast majority of our markets, representing more than 80% of our business, we are well positioned for success in 2022. “

For the full press release, see attached document.

Each year, since its creation more than 20 years ago, the JEC Composites Innovation Awards celebrate successful projects and cooperation between players of the composites industry. The competition has especially shined a light on some 203 companies and 499 partners, awarding them for the excellence of their composite innovations.

The ceremony took place on April 26th in Paris. Highlighted by the presence of jury members, finalists and winners but most importantly, as it was livestreamed, the gathering of many people all around the world to watch the awaited results.

The enthusiasm for the Innovation Awards, exactly 7 days prior to JEC World, is a good sign of the industry’s eagerness to get back together and ensure the future of composites innovation.

• Aerospace Application
  Diab (Sweden): 100% thermoplastic panel for cabin interiors
• Aerospace – Process
  MTorres Disenos Industriales S.A.U. (Spain): Innovative Infusion Airframe Manufacturing System
• Automotive & road transportation – Structural
  Jaguar Land Rover Limited (UK): TUCANA
• Automotive & road transportation – Surfaces
  AUDI AG (Germany): Seamless Integration of Flexible Solar Film in FRP
• Building & Civil Engineering
  Windesheim (Netherlands): Structural Re-Use of Thermoset Composites
• Design, Furniture and Home
  Kairos (France): Kairlin®, a new recyclable & compostable material
• Equipment and Machinery
  Fibraworks GmbH (Germany): Winding the future – fibraforce technology
• Maritime Transportation & Shipbuilding
  Voith Composites SE & Co. KG (Germany): Marine Rotor Blades made of Voith ‘Carbon4Stack’
• Renewable Energy
  Siemens Gamesa Renewable Energy (Denmark): RecyclableBlade
• Sports, Leisure & Recreation
  Bcomp Ltd. (Switzerland): Eco-joint from thermoset race and thermoplast road

• Revenue Increases to HK$8,316 Million with Net Profit After Tax Surging Significantly
• Recording a Turnaround to HK$381 Million
• Re-Establishes ESPRIT’s Market Leadership

ESPRIT HOLDINGS LIMITED has announced its audited financial annual results for the year ended 31 December 2021, highlighted by a significant increase in both revenue and profit attributable to shareholders of the Company to HK$8,316 million and HK$381 million respectively, in which the profit attributable to shareholders of the Company also recorded a turnaround versus the loss attributable to shareholders of the Company of HK$414 million for the six months ended 31 December 2020. Gross profit margin was 48.6%, 7.0% higher than the Corresponding Period. Please refer to the Company’s results announcement for the Current Year for further details.

Such financial improvement was attributable to various reasons, including (i) the new infrastructure and strategies instituted by the current management team; (ii) improvement in sales with higher gross profit margin; (iii) positive results of efficient cost control measures; (iv) improved inventory management; and (v) growth in E-commerce.

Although revenue in the Current Year was affected by lockdowns in the Company’s major European markets during the first quarter of 2021, and due to increased restrictions on entry requirements into stores during the fourth quarter of 2021, the Group generated revenue via three main channels: E-commerce, wholesale, and owned retail stores. As the ESPRIT brand website and third-party E-commerce partners continued to trade during lockdown, a large portion of the Group’s sales were generated online. This business model allowed it to mitigate some of the negative impacts of the Pandemic in the retail segment. Another driver of growth came from selling fewer discounted products from the Company’s retail business compared to 2020.

The Group has not forgotten the ESPRIT mission and long-standing commitment to sustainability. The Company has continued to work tirelessly towards developing cutting-edge materials that set new standards in terms of environmental sustainability. The Company has formulated and further advanced its ESG strategies to establish ESPRIT as an industry pioneer. Such strategies involve the greater use of sustainable fibers, developing new and innovative product options that support a circular economy, and ensuring environmental awareness is a key message that underpins all of the Group’s projects. To achieve these objectives, the Management has identified four key pillars of growth (Sourcing and Procurement; Marketing and Product; IT, Internet, and E-commerce; and The ESPRIT Brand Story) that are paramount in maintaining the loyalty of existing ESPRIT patrons and attracting new customers.

Looking ahead, the global economy is anticipated to be negatively affected by the lingering effects of the coronavirus pandemic and the conflict in Ukraine. The already unstable logistics industry and disrupted supply chain will likely be further impacted, which in turn will result in higher logistic service costs. Despite the unfavorable global economic outlook, the Group believes that under the leadership of its current management and with the support of dedicated staff members, the Company is on track to ongoing profit growth.

• Expert Speakers Delivering Key Region Market Updates

Industry leaders will gain a compelling region-by-region view of the nonwovens industry from experts presenting the latest nonwovens trends in their areas of the world at IDEA®22, March 29-31 in Miami Beach.

Speakers with the latest knowledge will deliver important nonwoven market updates, demand forecasts and research findings on the industry in China, Asia, South America, North America and Europe.

The conference will explore how each region has responded to the pandemic challenges and supply chain issues with new innovations and solutions, providing IDEA®  attendees with vital insights for decision-making.

Program highlights include:

• Overview and Green Innovation Development of China’s Nonwovens Industry,  by Guimei Li, Vice President, China Nonwovens and Industrial Textiles Association (CNITA) on March 29
• South America – Land of Opportunity or Land of Turbulence? The Recent History and Trends That Are Shaping the South American Nonwovens Market, presented by Mariana Mynarski, Corporate Marketing Manager, Fitesa on March 29
• Asian Nonwovens Production and Market Update by Chan-Hyou Park, Chairman, Asia Nonwoven Fabrics Association (ANFA) on March 30
• Understanding the State of the North American Nonwovens Industry and a Market Gone Mad presented by Brad Kalil, INDA Director of Market Intelligence and Economic Insights on March 31
• An Overview of Key Issues Facing Nonwovens on Top of European Market Trends presented by Pierre Wiertz, General Manager, EDANA on March 31

IDEA® Award Presentations
Another conference highlight will be the presentation of the IDEA® 2022 Achievement Awards in partnership with Nonwovens Industry magazine, based on the results of online voting in six categories as well as the announcement of the first Sustainability Advancement Award on March 30.

IDEA® – the World’s Preeminent Event for the Nonwovens & Engineered Fabrics Industry – will feature several hundred exhibitors from a myriad of industry sectors and is expected to once again draw an audience of several thousand senior-level buyers and attendees from over 60 countries to the Miami Beach Convention Center. A welcome reception will be held to officially kick off the event on March 28.

IDEA®22 Essentials of Nonwovens Training Courses
Product developers, marketing managers, technical sales, support and other professionals can expand their industry-focused knowledge by attending the IDEA®22 Essentials of Nonwovens Training Courses.

This vital training program will provide an immersive dive into the latest nonwoven technologies, industry segments and more with courses on absorbent hygiene cores, making nonwovens, industrial wipes and consumer wipes.

A must-attend educational session on patent searching on March 31 will cover the latest major changes in patent searches on the United States Patent and Trademark Office (USPTO) website that has been updated to enhance user experience.