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Stratasys unveils D2G solution with Urban Tattoo denim collection Photo: Business Wire
19.04.2024

Stratasys unveils D2G solution with Urban Tattoo denim collection

Stratasys Ltd. announced the launch of its Direct-to-Garment (D2G) solution for the J850 TechStyle™ printer, the newest offering in the Stratasys 3DFashion™ direct-to-textile printing technology. The first example of its application is an Urban Tattoo denim collection which will be revealed at the Texprocess exhibition in Frankfurt, Germany on April 23.

The D2G solution is ideal for customization and personalization by enabling the application of full color multi-material 3D print directly on fully assembled garments of various fabric types including denim, cotton, polyester, and linen. It allows fashion brands to facilitate personalized and bespoke designs for customers, including the ability to tailor 3D prints according to individual preferences, sizes, and styles.  

Stratasys Ltd. announced the launch of its Direct-to-Garment (D2G) solution for the J850 TechStyle™ printer, the newest offering in the Stratasys 3DFashion™ direct-to-textile printing technology. The first example of its application is an Urban Tattoo denim collection which will be revealed at the Texprocess exhibition in Frankfurt, Germany on April 23.

The D2G solution is ideal for customization and personalization by enabling the application of full color multi-material 3D print directly on fully assembled garments of various fabric types including denim, cotton, polyester, and linen. It allows fashion brands to facilitate personalized and bespoke designs for customers, including the ability to tailor 3D prints according to individual preferences, sizes, and styles.  

Available in two sizes, the D2G tray kits facilitate the personalization of garments ranging from jeans to jackets, enabling designers and manufacturers to adopt more sustainable practices by reducing material waste. The seamless workflow delivers ease of calibration and compatibility with various garment sizes, streamlining the production process and fostering the creation of unique, personalized apparel.

Demonstrating this innovation, the Urban Tattoo collection showcases the potential and the ease of direct-to-garment 3D printing. Working with noted designers Karim Rashid, Travis Fitch, Zlatko Yanakiev at Meshroom along with Foraeva Studio, this collection shows the transformation of ordinary garments into pieces of wearable art, imbuing them with personal identity and meaning.

Like body tattoos, Urban Tattoos promote a deeper emotional connection, encouraging the upcycling of existing garments and contributing to a more sustainable fashion ecosystem. This aligns with Stratasys’ strategy for Mindful Manufacturing™. Stratasys has been able to create a new collection that will appeal to multiple brands that reach across diverse socio-economic backgrounds.

Source:

Stratasys Ltd

03.04.2024

EURATEX: 3rd project addressing shortage of qualified labour

The association has launched another initiative to promote upskilling and reskilling in the textiles, clothing, leather and footwear industry: the “TCLF SkillBridge” project will focus on establishing regional skills partnerships.

In the context of the EU TCLF Pact for Skills, EURATEX will work together with CEC  and COTANCE  to support the creation of regional partnerships in the area skills; this new SkillBridge project, supported by the European Commission DG GROW, will specifically help to develop action plans with regional authorities, local TCLF industry and education providers. These action plans should respond to the changing needs of the TCLF industry in the area of education and skills. The project will also offer a mobility scheme for regional stakeholders from the industry and offer support to SMEs, to help them develop reskilling or upskilling initiatives in their company.

The association has launched another initiative to promote upskilling and reskilling in the textiles, clothing, leather and footwear industry: the “TCLF SkillBridge” project will focus on establishing regional skills partnerships.

In the context of the EU TCLF Pact for Skills, EURATEX will work together with CEC  and COTANCE  to support the creation of regional partnerships in the area skills; this new SkillBridge project, supported by the European Commission DG GROW, will specifically help to develop action plans with regional authorities, local TCLF industry and education providers. These action plans should respond to the changing needs of the TCLF industry in the area of education and skills. The project will also offer a mobility scheme for regional stakeholders from the industry and offer support to SMEs, to help them develop reskilling or upskilling initiatives in their company.

The TCLF SkillBridge project complements the MetaSkills and Aequalis projects, which have been launched earlier this year. They all share the same objectives which have been established in the TCLF Pact for Skills, and thus contribute to addressing one of the most critical bottlenecks which is faced by the TCLF industry: the shortage of qualified labour. These 3 projects will, collectively, allow EURATEX and its partners to work with all relevant stakeholders from our sector across the EU and beyond.

Dirk Vantyghem, EURATEX Director General, welcomes these initiatives to support the TCLF industries: “Addressing the skills gap, and attracting young people with the right set of skills, is essential to strengthen the European textiles industry. We are grateful to the European Commission to offer the necessary support, and want to reach out especially to the regional authorities, to work together and design a skills strategy that works for its local TCLF industry.”

Source:

Euratex

22.03.2024

EURATEX: European Commission announces “Textiles of the Future” Partnership

In the fringes of the EU Research and Innovation Days, the European Commission has announced 9 new European co-funded and co-programmed partnerships, including “Textiles of the Future”. These partnerships will be at the core of the Horizon Europe Strategic Plan 2025-2027, addressing the green and digital transition, and a more resilient, competitive, inclusive and democratic Europe.

EURATEX has been working towards such a partnership over the last few years. Investing in innovation is a critical component to successfully implement the EU Strategy for Sustainable and Circular Textiles. EURATEX therefore welcomes the Commission’s decision, as a measure to help their 200.000 EU textile companies to remain competitive.

The Textiles of the Future Partnership will be co-managed by the European Technology Platform for Future of Textiles and Clothing (ETP). With a deep knowledge in textiles research and a vast innovation network, ETP stands ready to bring that partnership into reality.

In the fringes of the EU Research and Innovation Days, the European Commission has announced 9 new European co-funded and co-programmed partnerships, including “Textiles of the Future”. These partnerships will be at the core of the Horizon Europe Strategic Plan 2025-2027, addressing the green and digital transition, and a more resilient, competitive, inclusive and democratic Europe.

EURATEX has been working towards such a partnership over the last few years. Investing in innovation is a critical component to successfully implement the EU Strategy for Sustainable and Circular Textiles. EURATEX therefore welcomes the Commission’s decision, as a measure to help their 200.000 EU textile companies to remain competitive.

The Textiles of the Future Partnership will be co-managed by the European Technology Platform for Future of Textiles and Clothing (ETP). With a deep knowledge in textiles research and a vast innovation network, ETP stands ready to bring that partnership into reality.

Source:

EURATEX

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

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

20.02.2024

Texworld Apparel Sourcing Paris

Nearly 8,000 international visitors came to meet the 1,300 exhibitors at Texworld Apparel Sourcing Paris. This year's event was enhanced by a boldly designed showcase in the heart of Paris.
The offer was broader, more diversified and more accessible. Despite increasing requirements in the industry, visitor numbers remained stable. It was on these two objective notes that the latest edition of the Texworld and Apparel Sourcing Paris trade shows for the fashion industry came to a close, held from 5 to 7 February 2024 at the Paris Expo Porte de Versailles. During these 3 days, nearly 8,000 visitors came to meet 1,300 weaving and clothing companies from 25 countries on the two levels of Hall 7 (7.2 and 7.3).

Nearly 8,000 international visitors came to meet the 1,300 exhibitors at Texworld Apparel Sourcing Paris. This year's event was enhanced by a boldly designed showcase in the heart of Paris.
The offer was broader, more diversified and more accessible. Despite increasing requirements in the industry, visitor numbers remained stable. It was on these two objective notes that the latest edition of the Texworld and Apparel Sourcing Paris trade shows for the fashion industry came to a close, held from 5 to 7 February 2024 at the Paris Expo Porte de Versailles. During these 3 days, nearly 8,000 visitors came to meet 1,300 weaving and clothing companies from 25 countries on the two levels of Hall 7 (7.2 and 7.3).

Visitors: a Euro-Mediterranean Top 5
This unprecedented concentration of international companies in Europe, which exceeds in number that of February 2019, is a reminder of the central role of European markets for the global fashion industry. This position is confirmed by the weight of buyers from the Euromed zone in the visitor structure: Top 5 is concentrated around buyers from France (20% of the total, up sharply on 2023), the UK (8.3%), Italy (7.9%), Turkey (7.2%) and Spain (6.8%). This Parisian event is proving to be an essential point of contact between designers, buyers and suppliers of fabrics or finished products.

Making the offer ever more accessible “Despite the slowdown in the clothing market, Europe remains a major market for textile and finished goods manufacturers" explains Frédéric Bougeard, President of Messe Frankfurt France. “For some players, it is becoming a strategic market to offset the uncertainties weighing on the Russian and American markets" he continues. Our mission is to fulfill our role as a market place, to adapt to these changes and to make the international offer more and more accessible." The February event also highlighted near sourcing. Nine Ukrainian companies grouped together under the banner of the Ukrainian Association of Textile and Leather Industry Companies (Ukrlegprom), as well as Bulgarian, Italian and Dutch companies, were able to take advantage of the show's visibility to include their expertise in the sourcing plans of French and European buyers.

Texworld Apparel Sourcing Paris, a new name for our trade fairs
Reflecting the adaptation of Messe Frankfurt France's strategy to changes in the market, Texworld Evolution Paris is changing its name to Texworld Apparel Sourcing Paris. This move reflects developments in fashion sourcing and the expansion of brand universes. A growing number of buyers now want to be able to select materials, while also sourcing finished products directly to complement collections or expand their range. The new name is accompanied by a new dual baseline - Weaving the future; sourcing I business I solutions - to underline these developments and reinforce the fairs' service-led positioning.

From 1 to 3 July 2024 at Porte de Versailles
This new signature will be fully expressed at the next edition of Texworld Apparel Sourcing Paris, including Avantex and Leatherworld, which will take place from 1 to 3 July 2024 in Hall 7 (7.2 and 7.3) of the Paris Expo Porte de Versailles. The show, which will remain the same size and offer a more selective range of products, will reflect this convergence between textiles and finished products. This session will also have no interaction with the Paris 2024 Olympic Games, which are due to open on 26 July, three weeks after Texworld Apparel Sourcing Paris

Source:

Messe Frankfurt

Julien Born Photo HeiQ Materials AG
Julien Born
16.02.2024

Julien Born new CEO of HeiQ AeoniQ Holding

HeiQ AeoniQ Holding, a subsidiary of HeiQ Group, is appointing Julien Born as its CEO, leveraging his extensive executive leadership and profound textile industry expertise cultivated in prestigious organizations such as DuPont, KOCH Industries, and The LYCRA Company, where he served as CEO since 2021. Julien Born will champion the growth of the cellulosic filament fiber HeiQ AeoniQ™.

The HeiQ AeoniQ™ technology is poised for commercial production at the inaugural manufacturing facility in Portugal by the close of 2025. The just concluded €5M acquisition of land and buildings, within a 2-year project total investment of €80M, marks a pivotal milestone for the 15,000m2 facility in Maia, Porto. Situated strategically in Portugal's textile hub and a mere 20 minutes from a major commercial port, this facility is poised to catalyze the scale-up phase of the business, going from pilot manufacture to mass production when it wants to compete at full-scale on cost and performance with fossil fuel-based fibers.

HeiQ AeoniQ Holding, a subsidiary of HeiQ Group, is appointing Julien Born as its CEO, leveraging his extensive executive leadership and profound textile industry expertise cultivated in prestigious organizations such as DuPont, KOCH Industries, and The LYCRA Company, where he served as CEO since 2021. Julien Born will champion the growth of the cellulosic filament fiber HeiQ AeoniQ™.

The HeiQ AeoniQ™ technology is poised for commercial production at the inaugural manufacturing facility in Portugal by the close of 2025. The just concluded €5M acquisition of land and buildings, within a 2-year project total investment of €80M, marks a pivotal milestone for the 15,000m2 facility in Maia, Porto. Situated strategically in Portugal's textile hub and a mere 20 minutes from a major commercial port, this facility is poised to catalyze the scale-up phase of the business, going from pilot manufacture to mass production when it wants to compete at full-scale on cost and performance with fossil fuel-based fibers.

HeiQ intends to consolidate the Group’s current and future activities in Portugal at the newly acquired site. This includes Shared Service Center functions as well as the Innovation Hub for the HeiQ Textile & Flooring business unit.

The recent addition of Julien Born to lead the charge follows the nomination of Robert van de Kerkhof to the HeiQ Board, a seasoned executive with extensive textile experience holding positions as CCO, CSO, Board member of Lenzing Plc, and Chairman of CIRFS, the European Man-Made Fibres Association. Robert will also serve as the Chairman of the HeiQ AeoniQ Holding Board.

HeiQ AeoniQ Holding, established as an independent subsidiary to attract new investors, value-chain partners, and brands, embarks on an ambitious multi-year scale-up strategy. This strategy involves integrating diverse sources of bio-derived feedstock and hyper-scaling cellulosic filament fiber production capacity over the next decade, targeting industries such as apparel, footwear, automotive, home textiles, and aeronautics.

Source:

HeiQ Materials AG

(c) Swiss Textile Machinery Swissmem
16.02.2024

Recycled fibres: Swiss manufacturers for circularity

Many end-users now expect recycled materials to be in textile products they purchase – and this is driving innovation throughout the industry. However, there are still many technical and economic issues facing yarn and fabric producers using recycled resources. Members of the Swiss Textile Machinery Association offer some effective solutions to these challenges.

Synthetic recycled materials such as PET can usually be treated similarly to new yarn, but there are additional complexities where natural fibres like wool and cotton are involved. Today, there’s a trend towards mechanically recycled wool and cotton fibres.

Many end-users now expect recycled materials to be in textile products they purchase – and this is driving innovation throughout the industry. However, there are still many technical and economic issues facing yarn and fabric producers using recycled resources. Members of the Swiss Textile Machinery Association offer some effective solutions to these challenges.

Synthetic recycled materials such as PET can usually be treated similarly to new yarn, but there are additional complexities where natural fibres like wool and cotton are involved. Today, there’s a trend towards mechanically recycled wool and cotton fibres.

Spinning recycled cotton
The use of mechanically recycled fibres in spinning brings specific quality considerations: they have higher levels of short fibres and neps – and may often be colored, particularly if post-consumer material is used. It’s also true that recycled yarns have limitations in terms of fineness. The Uster Statistics 2023 edition features an extended range of fibre data, supporting sustainability goals, including benchmarks for blends of virgin and recycled cotton.
In general, short fibres such as those in recycled material can easily be handled by rotor spinning machines. For ring spinning, the shorter the fibres, the more difficult it is to guide them through the drafting zone to integrate them into the yarn body. Still, for wider yarn counts and higher yarn quality, the focus is now shifting to ring spinning. The presence of short fibres is a challenge, but Rieter offers solutions to address this issue.

Knitting recycled wool
For recycling, wool fibres undergo mechanical procedures such as shredding, cutting, and re-spinning, influencing the quality and characteristics of the resulting yarn. These operations remove the natural scales and variations in fibre length of the wool, causing a decrease in the overall strength and durability of the recycled yarn. This makes the yarn more prone to breakage, especially under the tension exerted during knitting.

Adapting to process recycled materials often requires adjustments to existing machinery. Knitting machines must be equipped with positive yarn suppliers to control fibre tension. Steiger engages in continuous testing of new yarns on the market, to check their suitability for processing on knitting machines. For satisfactory quality, the challenges intensify, with natural yarns requiring careful consideration and adaptation in the knitting processes.

From fibres to nonwovens
Nonwovens technology was born partly from the idea of recycling to reduce manufacturing costs and to process textile waste and previously unusable materials into fabric structures. Nonwovens production lines, where fibre webs are bonded mechanically, thermally or chemically, can easily process almost all mechanically and chemically recycled fibres.

Autefa Solutions offers nonwovens lines from a single source, enabling products such as liners, wipes, wadding and insulation to be produced in a true closed loop. Fibres are often used up to four times for one product.

Recycling: total strategy
Great services, technology and machines from members of Swiss Textile Machinery support the efforts of the circular economy to process recycled fibres. The machines incorporate the know-how of several decades, with the innovative power and quality standards in production and materials.
Stäubli’s global ESG (environmental, social & governance) strategy defines KPIs in the context of energy consumption, machine longevity and the recycling capacity in production units worldwide, as well in terms of machinery recyclability. The machine recyclability of automatic drawing in machines, weaving systems and jacquard machines ranges from 96 to 99%.

Source:

Swiss Textile Machinery Swissmem

IHKIB: Green Transformation Journey of the Turkish Apparel Industry (c) Istanbul Apparel Exporters' Association (IHKIB)
TIM and IHKIB President Mustafa Gültepe
05.02.2024

IHKIB: Green Transformation Journey of the Turkish Apparel Industry

The fashion industry, which has strategic importance for the Turkish economy with its value-added production, employment, and exports, came together with representatives of global brands and Laison offices at the 'Green transformation' summit. At the meeting hosted by the Istanbul Apparel Exporters' Association (IHKIB), the studies carried out in the process of adaptation to the Green Deal were put under the spotlight, and the expectations of the Turkish fashion industry from the stakeholders were also expressed.

The opening of the meeting, attended by representatives of relevant ministries and foreign representations, national and international fund providers, as well as brands and buying groups were brought together, was made by Türkiye Exporters Assembly (TIM) and IHKIB President Mustafa Gültepe. In his speech, Gültepe underlined Türkiye's importance in the global apparel industry, by realizing approximately 3.5 percent of world apparel exports. Gültepe continued as follows:

The fashion industry, which has strategic importance for the Turkish economy with its value-added production, employment, and exports, came together with representatives of global brands and Laison offices at the 'Green transformation' summit. At the meeting hosted by the Istanbul Apparel Exporters' Association (IHKIB), the studies carried out in the process of adaptation to the Green Deal were put under the spotlight, and the expectations of the Turkish fashion industry from the stakeholders were also expressed.

The opening of the meeting, attended by representatives of relevant ministries and foreign representations, national and international fund providers, as well as brands and buying groups were brought together, was made by Türkiye Exporters Assembly (TIM) and IHKIB President Mustafa Gültepe. In his speech, Gültepe underlined Türkiye's importance in the global apparel industry, by realizing approximately 3.5 percent of world apparel exports. Gültepe continued as follows:

"As IHKIB, we aim to increase our current annual exports, which are around $20 billion, to $40 billion. The road to the goal goes through Europe and America because the European Union is our largest market in apparel. We export 60 percent of our total apparel exports to EU countries. When we add other European countries and the USA, the ratio approaches 75 percent. While working on alternatives for the $40 billion in exports, we need to focus more on the European and U.S. markets because, as the data shows, the path to $40 billion in apparel exports goes through Europe and the U.S. We already have long-standing collaborations with brands centered in Europe and America. With our knowledge, speed, production quality, design power, and geographical proximity to Europe, we distinguish ourselves from competitors. We took a very important step in the transformation process exactly one year ago. We shared our action plan, which is a road map for our fashion industry's compliance with the Green Deal, with the public on January 30, 2023."

After Mustafa Gültepe's opening speech, Euratex Director General Dirk Vantyghem, Deputy Director General of the Ministry of Trade Bahar Güçlü, and Deputy Secretary General of ITKIB Özlem Güneş made presentations regarding the ongoing efforts in the Green Deal process.

Dirk Vantyghem discussed the sustainability strategy of the textile and apparel industry and the expectations from the EU administration, while Bahar Güçlü provided information about the reflections of legal regulations related to the Green Deal on Türkiye.

Deputy Secretary General of ITKIB Özlem Güneş emphasized the significant opportunity that the Green Deal represents for the Turkish apparel industry, providing comprehensive insights into the efforts conducted by IHKIB regarding the Green Deal adaptation process.

Source:

Istanbul Apparel Exporters' Association (IHKIB)

05.02.2024

ECHA: Strategic goals for 2024-2028

The European Chemicals Agency (ECHA) has published its Strategy Statement 2024-2028. The strategy details the agency’s goals and priorities over the next five years to protect health and the environment through its work for chemical safety.

Main elements of the Strategy – Goals and Priorities

Be a trusted chemicals agency – ECHA aims to achieve this by delivering its legal mandate using independent expertise and robust data. The Agency, to support this, will:

  • Deliver transparent, independent, and high-quality scientific advice, opinions, and decisions;
  • Enhance decision and policy making through optimal use of data, knowledge, and competence; and
  • Facilitate the prioritisation and co-ordination of regulatory actions on substances and groups of substances with the European Commission (EC), EU agencies and Member State Authorities.

 
Respond to emerging challenges and changes in their legal landscape – ECHA will prepare for new tasks and inform EU chemical and environmental policy. To support this goal, it will focus on the following priorities:

The European Chemicals Agency (ECHA) has published its Strategy Statement 2024-2028. The strategy details the agency’s goals and priorities over the next five years to protect health and the environment through its work for chemical safety.

Main elements of the Strategy – Goals and Priorities

Be a trusted chemicals agency – ECHA aims to achieve this by delivering its legal mandate using independent expertise and robust data. The Agency, to support this, will:

  • Deliver transparent, independent, and high-quality scientific advice, opinions, and decisions;
  • Enhance decision and policy making through optimal use of data, knowledge, and competence; and
  • Facilitate the prioritisation and co-ordination of regulatory actions on substances and groups of substances with the European Commission (EC), EU agencies and Member State Authorities.

 
Respond to emerging challenges and changes in their legal landscape – ECHA will prepare for new tasks and inform EU chemical and environmental policy. To support this goal, it will focus on the following priorities:

  • Implement new legal requirements using existing and new synergies and experience;
  • Work with relevant EU agencies and bodies to deliver Chemical Strategy for Sustainability (CSS) actions and objectives; and
  • Provide scientific and technical advice on chemicals to EU policy makers.

 
Communicate and Engage – by collaborating with stakeholders and partners, ECHA will strengthen public confidence in chemicals regulation. In support of this goal, the Agency will:

  • Deepen their network of engagement with EU institutions and agencies and Member States;
  • Collaborate and provide tools, advice, and support to industry; and
  • Promote awareness and understanding of ECHA's work to stakeholders representing workers, the public and the environment.

 
Lead on chemical knowledge and expertise – the Agency will advance knowledge and understanding on chemical safety. To achieve this, it will:

  • Contribute proactively to expanding scientific and technical competence and knowledge on chemical safety;
  • Promote the development and use of alternative methods for the assessment of hazards and risks of chemicals; and
  • Support the EC to enhance engagement and synergies at international level.

 
Invest in people and organisational excellence – ECHA is committed to working together to achieve their vision. In order to achieve this they will:

  • Develop and empower their people for success;
  • Create optimal ways of working for the Agency, its bodies, its people, and the environment; and
  • Adopt an IT delivery model that is cost-effective, streamlined, modular, interoperable, cloud based and centralised.
Source:

European Chemicals Agency

Operning ceremony Perlon Goa Foto Perlon
02.02.2024

Perlon: New plant in Goa

Perlon® – The Filament Company, a manufacturer of synthetic filaments headquartered in Munderkingen, Germany, celebrated the opening of its new plant in Goa, India. The event marked a significant milestone in Perlon®‘s global expansion strategy and underlines the company’s commitment to growth and innovation.

The plant in Goa was made possible by the recent acquisition of Shaun Filaments, a renowned Indian manufacturer of filaments. The integration of the Shaun Filaments production facility into the Perlon® Group not only offers the opportunity to strengthen market presence, but also to expand capacities and improve production processes.

The Perlon® plant in Goa will play a key role in the production of synthetic filaments for various industries, including paper, technical textiles, brushes, cosmetics and dental care. The acquisition of Shaun Filaments brings not only experienced professionals but also established production lines and technologies to the company.

Perlon® – The Filament Company, a manufacturer of synthetic filaments headquartered in Munderkingen, Germany, celebrated the opening of its new plant in Goa, India. The event marked a significant milestone in Perlon®‘s global expansion strategy and underlines the company’s commitment to growth and innovation.

The plant in Goa was made possible by the recent acquisition of Shaun Filaments, a renowned Indian manufacturer of filaments. The integration of the Shaun Filaments production facility into the Perlon® Group not only offers the opportunity to strengthen market presence, but also to expand capacities and improve production processes.

The Perlon® plant in Goa will play a key role in the production of synthetic filaments for various industries, including paper, technical textiles, brushes, cosmetics and dental care. The acquisition of Shaun Filaments brings not only experienced professionals but also established production lines and technologies to the company.

Florian Kisling, CEO of Perlon®, expressed his enthusiasm about the successful purchase: “The opening of this plant in Goa is a crucial step in our global growth strategy. We are proud to strengthen our presence in Asia while delivering the quality and innovation that Perlon® is known for worldwide.”

Source:

Perlon

22.01.2024

Adient again ranked as Top Employer

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

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

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

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

19.12.2023

Euratex Manifesto: 15 requests for competitiveness and resilience

2024 is a turning point for the European textiles and clothing industry: From 6 to 9 June 2024, European citizens will vote for a new European Parliament and, based on the results, a new European Commission will be formed. In view of this important election, EURATEX publishes a Manifesto, presenting 15 requests which will help to ensure a competitive European textiles and clothing industry.

The textile and apparel industry is making a substantial contribution to European wealth, jobs and growth. Europe counts 192,000 companies employing 1.3 million workers with a turnover of €167 billion and over €67 billion of exports. Entrepreneurship should be recognised as the foundation for a competitive textile industry, offering high quality and sustainable products, based on innovation, creativity and design. European policy makers should recognise such role to textiles and apparel companies and have an open dialogue to create better framework conditions to operate in the internal and global markets.

2024 is a turning point for the European textiles and clothing industry: From 6 to 9 June 2024, European citizens will vote for a new European Parliament and, based on the results, a new European Commission will be formed. In view of this important election, EURATEX publishes a Manifesto, presenting 15 requests which will help to ensure a competitive European textiles and clothing industry.

The textile and apparel industry is making a substantial contribution to European wealth, jobs and growth. Europe counts 192,000 companies employing 1.3 million workers with a turnover of €167 billion and over €67 billion of exports. Entrepreneurship should be recognised as the foundation for a competitive textile industry, offering high quality and sustainable products, based on innovation, creativity and design. European policy makers should recognise such role to textiles and apparel companies and have an open dialogue to create better framework conditions to operate in the internal and global markets.

To realise that vision, the industry and policy makers need to work together on a mix of policy measures and initiatives, which are coherent and offer a transparent and predictable framework for our companies, and make them more resilient and competitive.

These policies should focus around four points:

Develop and implement a “smart” EU industrial policy
Europe should create policies which enhance competitiveness, instead of creating administrative burdens. To EURATEX, each new piece of legislation should undergo a “competitiveness test” to critically look at the impact of the new rules. Europe should also create a favourable environment to promote education and jobs in the industry. The EU textile industry currently employees 1,3 million people, 30% of which is above 50 years old. A critical bottleneck for the textile industry is to attract (young) people and make sure these people have the right set of skills, to operate in a changing textile ecosystem. EURATEX also asks the EU to invest in innovation and digitalisation as they are key to the European competitive advantage. Not only, as the last years have proved, Europe should provide companies with access to sustainable energy at lower prices.

No sustainability without competitiveness
The EU Strategy for Sustainable Textiles is pushing our sector towards new business models with a lower environmental footprint. To realise that ambition, no less than 16 regulatory proposals are on the table, each of them with a different timetable, managed by different departments of the European Commission. EURATEX is committed to sustainability, but asks for economic realism. This set of new regulations needs to be coherent, enforceable, feasible and applicable for SMEs, and not push textile companies out of the market. Moreover, some member states are moving forward faster and some legislations will be decided at national level, creating fragmentation of the market. Such scenarios will hamper Europe and its possibilities to grow.

Ensure free and fair trade
With $224 billion in sold merchandise, Europe is the second major world exporters of textiles and clothes after China ($321 billion). It is therefore important that the global market should be open, free and fair for our industry to continue to thrive. Besides the support to FTAs in general, EURATEX wants to emphasise that all trade agreements should offer effective market access for EU companies and a level playing field in these markets. A free and open market should go hand in hand also with protection against free riders. The EU must always consider enforcement and enforceability when making new laws; it should also take action together with the member states for a better coordination with harmonised criteria for action among Customs Authorities.

Incentivise the Demand for sustainable textiles
Sustainable textile products typically come at a premium price, making it difficult for many consumers and buyers to purchase such products. Many surveys across Europe confirm that around 50% of interviewees do not purchase sustainable fashion products and the main reason is price. EURATEX believes that, to create a demand and help consumers to buy a (genuine) sustainable textile product, there should be standard requirements and fiscal incentives. Public authorities should also implement green public procurements, by increasing the importance of sustainability criteria in their evaluation grids.

Coloreel appoints Lucia Eklöf as VP Customer Success (c) Coloreel
Lucia Eklöf, VP Customer Success Coloreel
15.12.2023

Coloreel appoints Lucia Eklöf as VP Customer Success

Coloreel has appointed Lucia Eklöf as Vice President of Customer Success to lead international expansion. Eklöf joins the company with a strong sales background and an in-depth understanding of international textile business dynamics.

Prior to her role at Coloreel, Eklöf managed key accounts at Coats, a global leader in thread manufacturing, where she was responsible for a large portfolio of prominent Scandinavian apparel and footwear brands and their global operations.

Lucia Eklöf’s appointment will strengthen Coloreel’s strategy of delivering collaborative partnerships and create value. She will work closely with Coloreel’s distributors, customers, and certified digitizers to help them maximize the benefits of Coloreel’s unique solutions.

Coloreel has appointed Lucia Eklöf as Vice President of Customer Success to lead international expansion. Eklöf joins the company with a strong sales background and an in-depth understanding of international textile business dynamics.

Prior to her role at Coloreel, Eklöf managed key accounts at Coats, a global leader in thread manufacturing, where she was responsible for a large portfolio of prominent Scandinavian apparel and footwear brands and their global operations.

Lucia Eklöf’s appointment will strengthen Coloreel’s strategy of delivering collaborative partnerships and create value. She will work closely with Coloreel’s distributors, customers, and certified digitizers to help them maximize the benefits of Coloreel’s unique solutions.

More information:
Coloreel embroidery thread
Source:

Coloreel

Priyam Patel at Pixabay
12.12.2023

Select Committee: Reset Economic Relationship with The People's Republic of China

The House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, led by Chairman Mike Gallagher (R-WI) and Ranking Member Raja Krishnamoorthi (D-IL), adopted nearly 150 policy recommendations in a bipartisan report that outlines a strategy to fundamentally reset the United States' economic and technological competition with the People's Republic of China.

The House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, led by Chairman Mike Gallagher (R-WI) and Ranking Member Raja Krishnamoorthi (D-IL), adopted nearly 150 policy recommendations in a bipartisan report that outlines a strategy to fundamentally reset the United States' economic and technological competition with the People's Republic of China.

After the adoption of the policy recommendations on an bipartisan basis, Chairman Gallagher and Ranking Member Krishnamoorthi said, “With this report, the Select Committee has shown that the bipartisan will exists to meet the call of history. It embraces the clear reality that our current economic relationship with the People's Republic of China needs to be reset in order to serve the economic and national security interests of the United States, while offering nearly 150 bipartisan recommendations for Congress to legislate. Collectively, these recommendations will reset the terms of our relationship with the PRC, prevent the flow of American capital and technology from supporting its military advances and human rights abuses, and build collective economic resilience in concert with our allies and partners while ensuring American leadership for decades to come."

Members of the Select Committee spent the past year investigating the CCP's decades-long campaign of economic and technological warfare. The members define three key pillars that inform each recommendation and the United States' path to correct 30 years of misguided policy:

  • RESET: Reset the Terms of Our Economic Relationship with the People's Republic of China.
  • PREVENT: Stem the Flow of U.S. Capital and Technology Fueling the People's Republic of China's Military Modernization and Human Rights Abuses
  • BUILD: Invest in Technological Leadership and Build Collective Economic Resilience in Concert with Allies
More information:
China USA
Source:

NCTO / The Select Committee on the CCP

Sorted and cut textile waste ready for tearing © SBO EVENT
Sorted and cut textile waste ready for tearing
01.12.2023

First automated textile waste sorting and recycling line in France

Partnership between Nouvelles Fibres Textiles, Pellenc ST and ANDRITZ promotes circular economy for textiles.

France’s first industrial plant for automated sorting and recycling of textile waste was officially inaugurated at Nouvelles Fibres Textiles, Amplepuis, on November 30, 2023. The plant is the result of an ambitious partnership between textile recycling company Nouvelles Fibres Textiles, waste sorting specialist Pellenc ST and international technology group ANDRITZ, a specialist in textile recycling machinery and processes.

Capable of automatically sorting garments by composition and color, the new line meets the needs of both post-consumer and post-industrial waste markets. The line also removes hard parts such as buttons and zippers to prepare the material for further processing in an ANDRITZ tearing machine.

The automated textile sorting line at Nouvelles Fibres Textiles is dedicated to industrial-scale production, customer trials and projects, and the R&D activities of the partners. It will process textile waste to produce recycled fibers for the spinning, nonwovens, and composites industries.

Partnership between Nouvelles Fibres Textiles, Pellenc ST and ANDRITZ promotes circular economy for textiles.

France’s first industrial plant for automated sorting and recycling of textile waste was officially inaugurated at Nouvelles Fibres Textiles, Amplepuis, on November 30, 2023. The plant is the result of an ambitious partnership between textile recycling company Nouvelles Fibres Textiles, waste sorting specialist Pellenc ST and international technology group ANDRITZ, a specialist in textile recycling machinery and processes.

Capable of automatically sorting garments by composition and color, the new line meets the needs of both post-consumer and post-industrial waste markets. The line also removes hard parts such as buttons and zippers to prepare the material for further processing in an ANDRITZ tearing machine.

The automated textile sorting line at Nouvelles Fibres Textiles is dedicated to industrial-scale production, customer trials and projects, and the R&D activities of the partners. It will process textile waste to produce recycled fibers for the spinning, nonwovens, and composites industries.

Automated sorting was the last missing link needed to develop a complete ecosystem in France, where the fashion industry, social and solidarity economy actors, waste management companies, and textile producers from different sectors are working together towards a textile circular economy.

The EU's strategy for sustainable and circular textiles aims to ensure that by 2030 textile products are made to a great extent of recycled fibers and incineration and landfilling of textiles are minimized.

01.12.2023

Lectra insources cutting equipment production in China

Lectra will now directly manage the production of its cutting equipment manufactured in China, primarily dedicated to its Asian customers. The Suzhou site, located to the west of Shanghai, will thus benefit from the standards of operational excellence already implemented by Lectra at its two other plants in Bordeaux-Cestas, France, and Tolland, USA.

Lectra's teams have over 35 years’ experience in the Asia-Pacific region, which in 2022 generated 25% of the Group's revenues.

Since the acquisition of its competitor, Gerber Technology, in 2021, Lectra had been relying on a plant belonging to Dutch group VDL Groep (VDL), to manufacture Gerber-brand multi-ply cutters and spreaders.

For its industrial activities, Lectra aimed to adopt the same standards of operational excellence in China as those currently in effect at its Bordeaux-Cestas and Tolland sites. The Group therefore created a new subsidiary, Suzhou Lectra Equipment Manufacturing Co. Ltd., to take over from subcontractor VDL as of December 1, 2023.

Lectra will now directly manage the production of its cutting equipment manufactured in China, primarily dedicated to its Asian customers. The Suzhou site, located to the west of Shanghai, will thus benefit from the standards of operational excellence already implemented by Lectra at its two other plants in Bordeaux-Cestas, France, and Tolland, USA.

Lectra's teams have over 35 years’ experience in the Asia-Pacific region, which in 2022 generated 25% of the Group's revenues.

Since the acquisition of its competitor, Gerber Technology, in 2021, Lectra had been relying on a plant belonging to Dutch group VDL Groep (VDL), to manufacture Gerber-brand multi-ply cutters and spreaders.

For its industrial activities, Lectra aimed to adopt the same standards of operational excellence in China as those currently in effect at its Bordeaux-Cestas and Tolland sites. The Group therefore created a new subsidiary, Suzhou Lectra Equipment Manufacturing Co. Ltd., to take over from subcontractor VDL as of December 1, 2023.

Following the takeover of in-house production at the Tolland site in October 2022, the creation of the Suzhou Lectra Equipment Manufacturing Co. Ltd. subsidiary marks a new milestone in the deployment of Lectra's industrial excellence strategy on a global scale. The Group intends to give priority to regional industrial production, which is beneficial to the local economy.

More information:
Lectra, PLM China cutting system
Source:

Lectra

Santoni finalizes Acquisition of Terrot (c) Santoni / Terrot
22.11.2023

Santoni finalizes Acquisition of Terrot

Santoni Shanghai Knitting Machinery Co., Ltd. announces that it has received regulatory approval from Chinese authorities for its proposed acquisition of Terrot GmbH, a manufacturer of circular knitting machines in Germany.

The acquisition represents a pivotal step in Santoni's strategy to advance the circular knitting machine industry. The integration of Terrot into the Santoni ecosystem is projected to increase Santoni's production capacity and boost its market share, and in conjunction with other strategic objectives, firmly solidify Santoni's position as the leading manufacturer in the industry, with unrivaled scale, depth of innovation and expertise.

Santoni Shanghai Knitting Machinery Co., Ltd. announces that it has received regulatory approval from Chinese authorities for its proposed acquisition of Terrot GmbH, a manufacturer of circular knitting machines in Germany.

The acquisition represents a pivotal step in Santoni's strategy to advance the circular knitting machine industry. The integration of Terrot into the Santoni ecosystem is projected to increase Santoni's production capacity and boost its market share, and in conjunction with other strategic objectives, firmly solidify Santoni's position as the leading manufacturer in the industry, with unrivaled scale, depth of innovation and expertise.

Seeking to meet rising demand for high-end circular knitting products, Santoni has pursued an Ecosystem Strategy in recent years, aiming to unify a highly fragmented industry and enhance innovation, sustainability and digitalization to more effectively meet market needs. The deployment of both parties' latest innovation practices, textile automation offerings, integrated enterprise services, C2M solutions, and a platform for designers "Materialliance", will allow Santoni Shanghai and Terrot to connect and bridge demand and offer of circular knitted products.

By incorporating Terrot's offerings, particularly in the double jersey and jacquard sector, Santoni stands to gain a competitive edge in offering machines known for their performance, low maintenance, and cost-effectiveness. Highlighting this shift is Terrot's UCC 572-T, a transfer jacquard machine for sports and leisurewear.

Following the acquisition, Terrot will continue to operate under the leadership of managing directors Robert W. Czajkowski and Dirk Lange. Santoni plans to maintain Terrot’s headquarters in Chemnitz, Germany, along with its facilities, brands, and practices.

Source:

Terrot GmbH

Freudenberg Performance Materials: Dr. Andreas Raps new CEO and Marco Altherr new CFO (c) Freudenberg Performance Materials
Dr. Andreas Raps, CEO from January 1, 2024
15.11.2023

Freudenberg Performance Materials: Dr. Andreas Raps new CEO and Marco Altherr new CFO

New appointments to the Management Board of Freudenberg Performance Materials come into effect on January 1, 2024: Dr. Andreas Raps succeeds Dr. Frank Heislitz as Chief Executive Officer (CEO), and Marco Altherr takes over from Thomas Herr as Chief Financial Officer (CFO). From January 1, 2024, the Management Board of Freudenberg Performance Materials will therefore consist of: Dr. Andreas Raps (CEO), Marco Altherr (CFO) and John McNabb (CTO). McNabb has been CTO since 2018. Dr. Frank Heislitz and Thomas Herr become members of the Freudenberg Group Board of Management on January 1, 2024.

New appointments to the Management Board of Freudenberg Performance Materials come into effect on January 1, 2024: Dr. Andreas Raps succeeds Dr. Frank Heislitz as Chief Executive Officer (CEO), and Marco Altherr takes over from Thomas Herr as Chief Financial Officer (CFO). From January 1, 2024, the Management Board of Freudenberg Performance Materials will therefore consist of: Dr. Andreas Raps (CEO), Marco Altherr (CFO) and John McNabb (CTO). McNabb has been CTO since 2018. Dr. Frank Heislitz and Thomas Herr become members of the Freudenberg Group Board of Management on January 1, 2024.

Dr. Andreas Raps has been a member of the Freudenberg SE Executive Council since 2020 and CEO of EagleBurgmann, a joint venture between the Japanese EKK Group and the Freudenberg Group, since 2016. He previously held several executive management positions at Freudenberg Sealing Technologies from 2004, most recently as CEO of the global Special Sealing Division with 17 manufacturing sites worldwide. Before joining the Freudenberg Group, Raps worked for various management consulting companies in Boston, USA, Munich, Germany, and Zurich, Switzerland. He holds an MBA from the University of Passau. Alongside his job as a consultant, he obtained a PhD with a thesis on strategy implementation in Business Administration. 

Marco Altherr has been CFO of Vibracoustic SE, a Freudenberg Group company, since 2020. He held various senior management positions at Freudenberg & Co. KG, the technology group’s holding company, from 2015 to 2020, most recently as Head of Corporate Controlling and Accounting. Prior to joining Freudenberg, he served in several management roles at Manroland AG, Heidelberger Druckmaschinen, Boehringer Ingelheim and Arthur Andersen. He holds a degree in business administration specializing in controlling and financing from Lahr University.

08.11.2023

adidas: Revenue increase in third quarter

Developments:

Developments:

  • Currency-neutral revenues up 1% driven by growth in all regions except North America
  • Top-line development reflects focus on conservative sell-in and full-price business
  • Gross margin up 0.2pp to 49.3% driven by reduced freight costs, a more favorable business mix, and lower inventory allowances; discounting levels continue to improve  
  • Operating profit of € 409 million includes extraordinary expenses of around € 110 million
  • Conservative sell-in strategy paying off as inventory position improves substantially versus Q2 level to € 4.8 billion; now down 23% year-over-year

Outlook
adidas expects revenues to decline at a low-single-digit rate
On October 17, adidas had adjusted its full year financial guidance to reflect both the positive impact of the second drop of some of its Yeezy inventory and the better-than-expected development of the underlying business. At the same time, macroeconomic challenges and geopolitical tensions persist. Elevated recession risks in North America and Europe as well as uncertainty around the recovery in Greater China continue to exist. In addition, the company’s revenue development will continue to be impacted by the initiatives to significantly reduce high inventory levels in North America and the company’s focus on full-price sales across its own channels. As a result, adidas now expects currency-neutral revenues to decline at a low-single-digit rate in 2023 (previously: decline at a mid-single-digit rate).

Underlying operating profit anticipated to reach a level of around € 100 million
The company’s underlying operating profit – excluding any one-offs related to Yeezy and the ongoing strategic review – is now anticipated to reach a level of around € 100 million in 2023 (previously: around break-even level). Including the positive impact from the two Yeezy drops in Q2 and Q3 of around € 300 million (previously: € 150 million), the potential write-off of the remaining Yeezy inventory of now around € 300 million (previously: € 400 million) and one-off costs related to the strategic review of up to € 200 million (unchanged), adidas now expects a reported operating loss of around € 100 million in 2023 (previously: loss of € 450 million).

Source:

adidas AG