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Fine craftsmanship Photo Vivolo
03.12.2024

OEKO-TEX® LEATHER STANDARD for Vivolo

One piece at a time - work with precision, grow with wisdom: Luciano Vivolo unveils the strategy that has enabled his company to navigate these challenging years for the world of luxury and, particularly, leather: technological investments, diversification of supply and markets, sustainable innovation, and hope for the future, without ever conceding on quality.

In a demanding and competitive field such as haute couture, achieving nearly fifty years of success does not happen by chance. It requires consistently staying one step ahead, designing the future in its most elegant details while safeguarding the identity and uniqueness that form the foundation of a company’s heritage. What distinguishes Vivolo, for example, is its refined and original designs, the ability to develop prototypes in just 24 hours, and the capacity to produce over 8 million articles a year, all adhering to the company’s high-quality standards.

One piece at a time - work with precision, grow with wisdom: Luciano Vivolo unveils the strategy that has enabled his company to navigate these challenging years for the world of luxury and, particularly, leather: technological investments, diversification of supply and markets, sustainable innovation, and hope for the future, without ever conceding on quality.

In a demanding and competitive field such as haute couture, achieving nearly fifty years of success does not happen by chance. It requires consistently staying one step ahead, designing the future in its most elegant details while safeguarding the identity and uniqueness that form the foundation of a company’s heritage. What distinguishes Vivolo, for example, is its refined and original designs, the ability to develop prototypes in just 24 hours, and the capacity to produce over 8 million articles a year, all adhering to the company’s high-quality standards.

These founding values of Vivolo are rooted in the prestigious manufacturing tradition of Made in Italy. However, as founder and president Luciano Vivolo explains, while these values remain essential, they are no longer sufficient to guarantee success for Italian companies. "In recent years, we have faced all sorts of variables, unpredictable or, worse, unforeseen. The belief of luxury, like many cornerstones of our society and industry, is no longer as firmly established as it once was. The sector is experiencing a crisis with deeper roots than many might imagine. At Vivolo, we are tackling this situation as we always have, by working patiently, designing, cutting, sewing, and creating one piece at a time, but always looking towards the horizon to recognize new opportunities and needs."

In 2024, just one year after inaugurating its efficient and modern headquarters in Bologna (San Lazzaro), Vivolo announced the expansion of its production department. This 1,000 square-meter addition of machines, dedicated to footwear and leather goods, complements the company’s existing 10,000 square-meter production facility. The strategic decision to invest more than one million euros in these segments materialized not only in the purchase of advanced machinery but also in the hiring of highly qualified personnel and structural improvements that enabled the company to increase production volumes.

In addition to this vertical growth, Vivolo has also pursued horizontal expansion by strengthening its network of sales agents in Northern Europe, particularly Germany, Holland, and Scandinavia, and the Far East, focusing on South Korea and Japan. These regions, especially important for Vivolo’s denim sector, value the company’s iconic leather labels, which are hot-printed, high-frequency (HF) or digitally produced, making each garment unique. Vivolo’s innovative capabilities are further enhanced by a state-of-the-art 3D machine, which eliminates the need for die-casting facilities, significantly optimizing costs, time, and resources. A prototype can now be produced in just a few hours.

However, the range of Vivolo’s accessories extends far beyond this. Each season brings dozens of new themes that explore sustainable materials, innovative processes, original designs, and unique techniques to anticipate fashion trends and offer unexpected, inimitable solutions to luxury brands. At the heart of Vivolo's business is environmental ethics, a vision that embraces the product in all its dimensions while integrating both working and human processes and relationships.

"As rhetorical as it may sound, our corporate culture is built on the idea of leaving a better world, or the best possible world, for future generations. For me, this need is closely and pragmatically tied to my four children. From the first patches I created to mend my son Salvatore’s trousers in the 1970s to the investments in our new headquarters and the recent production expansion, every decision has been driven by the desire to build a better future for the Vivolo family and company, and for generations to come," adds Luciano Vivolo.

Looking ahead, the company, which prides itself on maintaining up-to-date certifications, including the recently added OEKO-TEX® LEATHER STANDARD, and transparent communication, is currently in the preparatory stage of drafting its first sustainability report. This milestone will provide an opportunity to reflect on objectives achieved and set goals for the future. "The Sustainability Report 2025 is a goal we have set for ourselves as a concrete demonstration of our commitment to creating and sharing value for all stakeholders," says Luciano Vivolo. "We expect 2024 to close on a positive note for our company, even though it is difficult to define precise figures at this time. Certainly, our goal for 2025 is to raise our standards even higher while hoping for a recovery in the luxury market, to which we have been connected for decades."

Source:

Vivolo

26.11.2024

Autoneum expands its presence in the Asian growth markets

In line with the new Level Up corporate strategy, which focuses on innovation and a future-fit product portfolio among other things, Autoneum has further expanded its research and development activities in 2024 with a particular focus on New Mobility. In addition to establishing a specialized team to accelerate the development and market readiness of novel products and technologies for electric vehicles, the Company has complemented its global innovation network with a new Research & Technology (R&T) Center in Shanghai, China.

Innovation is and always has been an integral part of Autoneum’s corporate strategy and thus a key factor for business success. The Company’s innovation activities are also an important aspect of its vision: to be the global leader for innovative and sustainable solutions bringing comfort to every vehicle. Against the backdrop of the rapidly advancing electrification of mobility and Autoneum’s strategic focus on further expanding its presence in the Asian growth markets, the expansion activities of the company-wide innovation network this year concentrated on two key areas in particular: New Mobility and presence in China.

In line with the new Level Up corporate strategy, which focuses on innovation and a future-fit product portfolio among other things, Autoneum has further expanded its research and development activities in 2024 with a particular focus on New Mobility. In addition to establishing a specialized team to accelerate the development and market readiness of novel products and technologies for electric vehicles, the Company has complemented its global innovation network with a new Research & Technology (R&T) Center in Shanghai, China.

Innovation is and always has been an integral part of Autoneum’s corporate strategy and thus a key factor for business success. The Company’s innovation activities are also an important aspect of its vision: to be the global leader for innovative and sustainable solutions bringing comfort to every vehicle. Against the backdrop of the rapidly advancing electrification of mobility and Autoneum’s strategic focus on further expanding its presence in the Asian growth markets, the expansion activities of the company-wide innovation network this year concentrated on two key areas in particular: New Mobility and presence in China.

Responding to the increasing demand for new components for electric vehicles, Autoneum has formed a specialized team dedicated exclusively to New Mobility to further strengthen its position in this growing market segment. The New Mobility team was established in fall 2023 and has been completed over the past twelve months with members from different departments. It unites a broad set of skills from various fields of expertise such as product innovation, product development and industrialization, sales and business development. The team places a particular focus on accelerating the development and time to market of new products and technologies specifically for the fast-evolving battery systems and architectures of electric vehicles. It also acts as a catalyst for innovation pro-jects and strategic partnerships. The New Mobility experts work in close collaboration with the various departments across the organization and are based at Autoneum’s Swiss headquarters in Win-terthur, at the German locations in Gundernhausen and Munich and in Shanghai, China.

Shanghai is also the location of Autoneum’s third R&T Center worldwide, which was opened in China this summer to enhance the Company’s competitiveness in Asia and cater to the development and innovation needs in this key strategic market. The new center aims to intensify and accelerate the development and production of innovative components and materials, especially regarding e-mobility. The establishment of an R&T team in China allows Autoneum to develop products in a timely manner to respond to the dynamic market conditions and the rapidly evolving requirements of Chinese vehicle manufactures. In terms of material development, the center will support the wider organization in the further development of sustainable materials, especially polyester. In addition, it will promote the introduction of Autoneum’s environmentally friendly products such as the Company’s monomaterial carpet systems featuring Autoneum’s innovative and latex-free alternative backcoating (ABC) process to the Chinese market. Moreover, the R&T Center in Shanghai will also serve as a valuable point of contact with the 14 production facilities of the Jiangsu Huanyu Group, whose acquisition of a majority stake of 70 percent by Autoneum was recently announced and is expected to be closed in March 2025 (see media release of November 19, 2024). While the plants in China will benefit from the local R&T team’s expertise in the company’s technologies, the existing broad customer base of Jiangsu Huanyu Group will support Autoneum in better understanding and serving the innovation needs of Chinese vehicle manufacturers.

The new R&T Center in Shanghai complements the primary R&T Center in Winterthur, Switzerland, which supports the global network with its expertise and a vast array of services in the areas of pre-development as well as acoustic and thermal benchmarking, simulation and testing, and the center in Bocholt, Germany. The latter was integrated into Autoneum’s innovation network following the acquisition of Borgers Automotive last year and has since established itself as the Company’s competence center for trunk and trim components. Including the new center in China, a total of approximately eighty R&T employees – including engineers, chemists, physicists and product designers – are continuously working on new ideas aimed at the next technological breakthrough in acoustic and thermal management and shielding technologies.

Source:

Autoneum Management AG

11.11.2024

Indorama Ventures: Improved 3Q24 earnings while global demand remains lacklustre

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, posted a marked improvement in quarterly performance as the chemical industry struggles to recover from a prolonged downturn and the company’s management executes their 3 year IVL 2.0 strategy to enhance competitiveness and drive efficiencies.

Indorama Ventures reported Adjusted EBITDA  of $427 million in 3Q24, a gain of 32% YoY, supported by steady volumes, improving industry spreads, and the company’s unstinting focus on optimizing assets and reducing fixed costs. The quarter marks Indorama Ventures’ first YOY improvement for the year, with all three business segments recording earnings growth, following a prolonged industry downcycle marked by customer destocking and suppressed margins. Volumes remained steady for the Combined PET and Fibers segments, while Indovinya posted a robust performance amid a peak season in the Crop Solutions market.

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, posted a marked improvement in quarterly performance as the chemical industry struggles to recover from a prolonged downturn and the company’s management executes their 3 year IVL 2.0 strategy to enhance competitiveness and drive efficiencies.

Indorama Ventures reported Adjusted EBITDA  of $427 million in 3Q24, a gain of 32% YoY, supported by steady volumes, improving industry spreads, and the company’s unstinting focus on optimizing assets and reducing fixed costs. The quarter marks Indorama Ventures’ first YOY improvement for the year, with all three business segments recording earnings growth, following a prolonged industry downcycle marked by customer destocking and suppressed margins. Volumes remained steady for the Combined PET and Fibers segments, while Indovinya posted a robust performance amid a peak season in the Crop Solutions market.

Fibers reported Adjusted EBITDA of $48 million, a gain of 44% YoY, driven by improved industry spreads in Lifestyle and higher volumes in Mobility and Hygiene. Management is focused on reducing fixed costs and improving profitability across the entire portfolio and taking firm action to restore market share in key verticals.

Looking ahead, the global economic outlook remains uncertain amid continued inflation, geopolitical tension, and supply chain disruptions. However, throughout the downcycle, Indorama Ventures’ experienced management team has worked hard to optimize and deleverage the business under their IVL 2.0 evolved strategy to emerge stronger and drive enhanced earnings quality in a new era of sustainable profit growth. In 3Q24, this unrelenting focus delivered fixed-cost savings of $19 million, which will sequentially increase into next year as the benefits are fully realized. Operating rates for the group increased to 82% in the quarter—from 69% previously—as the company completed its planned optimization program for CPET and Indovinya, with Fibers under implementation.

The company’s digital transformation program is accelerating according to schedule following the implementation of the SAP S/4HANA ERP platform as a digital core. North America is already benefiting from an AI-based procurement solution, while the Connected Worker Platform is driving manufacturing excellence. The first sales and supply chain solutions are expected to go-live early next year.

Source:

Indorama Ventures Public Company Limited

10.11.2024

SGL Carbon: Business Report 3Q

Weak demand in some of their customer markets is increasingly hindering SGL Carbon's sales growth. After nine months in 2024, SGL Carbon generated sales of €781.9 million, which was slightly below the prior-year level at minus 4.8% (9M 2023: €821.7 million). Adjusted for currency and structural effects, Group sales decreased by 3.6%. Adjusted EBITDA, an important key figure for the Group, remained at a comparable level of €127.6 million in the reporting period (9M 2023: €130.0 million). Despite the slight decrease in sales, the adjusted EBITDA margin improved from 15.4% in Q1 and 16.7% in Q2 to 16.9% in Q3 and amounted to 16.3% after nine months (9M 2023: 15.8%). The reasons for the improved adjusted EBITDA margin are, in particular, product mix effects in the Graphite Solutions and Process Technology business units. By contrast, the ongoing weakness in demand and the associated price pressure for carbon and textile fiber products in the Carbon Fibers business unit continued to weigh on the Group's sales and earnings development.

Weak demand in some of their customer markets is increasingly hindering SGL Carbon's sales growth. After nine months in 2024, SGL Carbon generated sales of €781.9 million, which was slightly below the prior-year level at minus 4.8% (9M 2023: €821.7 million). Adjusted for currency and structural effects, Group sales decreased by 3.6%. Adjusted EBITDA, an important key figure for the Group, remained at a comparable level of €127.6 million in the reporting period (9M 2023: €130.0 million). Despite the slight decrease in sales, the adjusted EBITDA margin improved from 15.4% in Q1 and 16.7% in Q2 to 16.9% in Q3 and amounted to 16.3% after nine months (9M 2023: 15.8%). The reasons for the improved adjusted EBITDA margin are, in particular, product mix effects in the Graphite Solutions and Process Technology business units. By contrast, the ongoing weakness in demand and the associated price pressure for carbon and textile fiber products in the Carbon Fibers business unit continued to weigh on the Group's sales and earnings development.

“Even with our diversified product portfolio, we can no longer completely withdraw from the generally weak economic environment. In addition, there was a decline in demand for specialty graphite products for the semiconductor industry in the third quarter. In particular, our products for the manufacture of silicon carbide-based semiconductors are suffering from the restrained demand for electric vehicles on the customer side,” explains CEO Dr. Torsten Derr. “While the last 18 months were characterized by enormous demand for silicon carbide semiconductors and insufficient production capacities, the market has cooled down significantly. Due to a lack of demand from the automotive industry, our semiconductor customers have significantly reduced order volumes. We do not expect to see a significant upturn in demand for our specialty graphite products until the sales figures for electric vehicles pick up again.”

Based on the adjusted EBITDA of €127.6 million and taking into account depreciation and amortization of €41.0 million (9M 2023: €43.3 million) and one-off effects as well as non-recurring items of minus €18.3 million (9M 2023: minus €47.2 million), EBIT after nine months of 2024 will be €68.3 million (9M 2023: €39.5 million). The one-off effects and non-recurring items result, among other things, from the restructuring measures at Carbon Fibers and the Battery Solutions business line as well as from expenses for a strategy project. When comparing with the previous year, it should be noted that the first nine months of 2023 were disproportionately affected by an impairment loss on the assets of Carbon Fibers (€44.7 million).

Development of the business units
The Carbon Fibers business unit's sales for the first nine months of 2024 amounted to €157.1 million, significantly below the figure of €179.6 million for the prior-year period. The decline is due in particular to the continued weak demand from the wind industry and to the increasing competitive pressure resulting from global overcapacities for carbon and textile fibers.

Idle production capacities and the associated lack of fixed cost absorption as well as declining margins for commodity products led to a further deterioration in the adjusted EBITDA of the Carbon Fibers. The adjusted EBITDA of the Carbon Fibers business unit fell to minus €7.9 million in the first nine months of 2024 (9M 2023: €3.2 million). It should be noted that the adjusted EBITDA of the Carbon Fibers business unit includes an earnings contribution of €11.6 million from the joint venture BSCCB, which is accounted for At-Equity (9M 2023: €14.1 million). Excluding this contribution from the At-Equity accounted BSCCB, the adjusted EBITDA of Carbon Fibers would have been minus €19.6 million (9M 2023: minus €10.5 million).

SGL Carbon assumes that demand for carbon fibers will not recover in the coming months and that the realizable prices for these products will remain at a low level beyond 2025. Therefore, SGL Carbon anticipates that the expected improvement in sales and earnings for the Carbon Fibers segment will be delayed and is revising its existing mid-term planning for this segment. Due to the expected deviation, an ad hoc impairment test is currently being carried out. This indicates a non-cash impairment charge of €60–80 million, which will be recognized in Q4 2024. The structured transaction process initiated for Carbon Fibers is still ongoing.

Sales in the Composite Solutions business unit amounted to €95.8 million in the first nine months of 2024, down 16.2% (9M 2023: €114.3 million). The decline is due in particular to the early termination of a project-related supply contract with an automotive customer. Furthermore, the lower sales figures for electric vehicles are also having an impact on Composite Solutions.

Adjusted EBITDA in Composite Solutions fell from €16.6 million in the prior-year period to €10.7 million (minus 35.5%), due in particular to lower volumes. The adjusted EBITDA margin weakened accordingly to 11.2% (9M 2023: 14.5%).

Outlook
Macroeconomic conditions, lower than expected sales volumes in some customer groups and price pressure for commodity products are increasingly hindering SGL Carbon's growth ambitions. Thomas Dippold, CFO of SGL Carbon, explains: “Due to the diverse and diversified industrial applications of our products and our strict cost management, we continue to expect to achieve our guidance for 2024 at the lower end of the range of €160–170 million. The coming months will not be easier. We need to prepare for a flat demand development in some of our sales markets.”

More information:
SGL Carbon business report
Source:

SGL Carbon SE

08.11.2024

Global Sourcing Day 2024 in Hong Kong

TradeBeyond is hosting Global Sourcing Day 2024, an exclusive, invite-only conference bringing together top executives, thought leaders, and industry experts from the retail supply chain sector. This year’s event will focus on innovative strategies, sustainability, and technological advancements that are transforming retail sourcing.

WHEN: Nov. 12, 2024, 9 AM – 4 PM HKT
WHERE: Cordis Hotel, Hong Kong

Featured speakers include:

  • Britton Russell, COO, MGF Sourcing
  • Jeff Alpert, CEO, Pillar AI
  • Aubree Evangelista, Global Product Manager Social, amfori
  • Sophie You, RESET Carbon
  • Rick Horwitch, Vice President of Strategy & Innovation, Bureau Veritas

Global Sourcing Day 2024 offers a unique opportunity for senior supply chain professionals to explore the future of sourcing and sustainability. Key topics include:

TradeBeyond is hosting Global Sourcing Day 2024, an exclusive, invite-only conference bringing together top executives, thought leaders, and industry experts from the retail supply chain sector. This year’s event will focus on innovative strategies, sustainability, and technological advancements that are transforming retail sourcing.

WHEN: Nov. 12, 2024, 9 AM – 4 PM HKT
WHERE: Cordis Hotel, Hong Kong

Featured speakers include:

  • Britton Russell, COO, MGF Sourcing
  • Jeff Alpert, CEO, Pillar AI
  • Aubree Evangelista, Global Product Manager Social, amfori
  • Sophie You, RESET Carbon
  • Rick Horwitch, Vice President of Strategy & Innovation, Bureau Veritas

Global Sourcing Day 2024 offers a unique opportunity for senior supply chain professionals to explore the future of sourcing and sustainability. Key topics include:

  • AI and Digital Transformation: How artificial intelligence is reshaping sourcing operations.
  • Sustainable Sourcing and Compliance: Adapting to evolving environmental regulations and standards.
  • Traceability and Transparency: Elevating supply chain visibility to build trust and accountability.

This event provides critical insights for those aiming to navigate the challenges and seize the opportunities within global supply chains in 2025 and beyond.

More information:
Hong Kong Sourcing TradeBeyond
Source:

TradeBeyond

08.11.2024

EDANA hosts Sustainability Forum 2024: Pathways to a Greener Future

EDANA, the global association for the nonwovens and related industries, concluded its annual Sustainability Forum at the KBR Royal Library of Belgium in Brussels. This year's forum, themed “Building a Sustainable Future Together,” featured a series of keynote addresses, panel discussions, and collaborative sessions focused on environmental responsibility, corporate social responsibility, and circular economy innovations within the nonwovens sector. With an agenda that bridged policy and practice, the Forum highlighted the latest advancements and strategies aimed at tackling climate change, reducing waste, and enhancing sustainability practices.

EDANA, the global association for the nonwovens and related industries, concluded its annual Sustainability Forum at the KBR Royal Library of Belgium in Brussels. This year's forum, themed “Building a Sustainable Future Together,” featured a series of keynote addresses, panel discussions, and collaborative sessions focused on environmental responsibility, corporate social responsibility, and circular economy innovations within the nonwovens sector. With an agenda that bridged policy and practice, the Forum highlighted the latest advancements and strategies aimed at tackling climate change, reducing waste, and enhancing sustainability practices.

Keynote Highlights
The forum featured two keynote speakers: Ana Rovzar, Founder of Polygon AR, opened the Forum with a keynote on the accelerating transition to clean energy. In her speech, she discussed the shift from conventional energy investments to renewables, noting a 50% growth in renewables in 2023 alone. “It is accelerating much faster than people think” she remarked, emphasizing that “real progress requires a united front from governments, businesses, and communities to remove regulatory and technological barriers”.

In another keynote, sustainability expert Mike Barry, formerly of Marks & Spencer, stressed the importance of aligning corporate strategy with sustainability. “Citizens see climate change as a top priority, and companies must act boldly to reduce emissions, especially Scope 3”, he said. “Sustainability is now a vital part of brand identity, and consumers expect more transparency and commitment than ever”.

Innovative Industry Perspectives and EU Policy Impacts
Brieuc Lits, Public Affairs Director at EDANA, examined the potential effects of the EU Green Deal on the nonwovens industry. “The EU’s shift towards balancing sustainability with competitiveness will shape not only policy but the very framework within which we operate”, he noted, emphasizing that the sector must adapt to stay competitive and aligned with regulatory expectations.

Lastly, Paolo Haeusermann, Senior Brand Director and Europe Sustainability Leader at Procter & Gamble, shared insights on advancing sustainability in absorbent hygiene products and emphasized the importance of these items. “We are talking about essential products in people’s lives”, he remarked.

Corporate and Product Sustainability: A Deep Dive
Several industry leaders shared insights on integrating sustainability at every level of business. Carsten Ruff from Nitto Advanced Film Solutions discussed the challenges and strategies of embedding sustainability in corporate culture, particularly in a multinational setting. “Sustainability is not a contradiction to industrial applications; it’s a powerful driver of innovation”, he observed.

Martijn Gipmans from Sphera Solutions highlighted the business value of transparency and life-cycle assessments (LCA). “LCA and transparent ESG reporting can catalyse both business growth and environmental progress”, he explained, stressing the importance of integrated sustainability assessments to reduce the carbon footprint of entire product portfolios.

Christophe Morel-Fourrier, Sustainability Leader for Hygiene, Packaging, and Converting Adhesives at Bostik, introduced the Archimedes tool as a strategic asset for Portfolio Sustainability Assessment. “Archimedes allows us to make transparent, informed decisions that align with our long-term sustainability goals”, he explained. He highlighted that this tool helps companies evaluate the sustainability of their product portfolios, empowering them to make impactful choices that support environmental goals.

The Path Forward: Advancing Circularity and Green Innovation
One of the most discussed topics was the industry's transition toward a circular economy. Albert Hammerschmied from Freudenberg Performance Materials highlighted the importance of post-industrial waste in achieving circularity, particularly in the automotive sector. “The potential for nonwovens in the automotive circular economy is vast, but requires industry-wide collaboration”, he commented.

In a session addressing the future of sustainable practices in building insulation, Alexandre Butté of ANDRITZ Laroche emphasized the importance of sustainable materials and collaboration among stakeholders. “The building industry faces unique sustainability challenges, but with innovation and eco-friendly materials, we can bridge the gap between goals and achievable practices”, he said.

Building a Sustainable Health Sector
Danielle van Horzen, Global Marketing Manager for Hygiene and Healthcare at SABIC, discussed advanced recycling solutions in the healthcare sector. Addressing the challenges of medical waste recycling, she stated, “A significant amount of medical waste is not contaminated, offering us opportunities to create circularity in healthcare.” She pointed to the potential for advanced chemical recycling to enable circular models, helping to tackle the pressing issue of sustainable medical waste management.

The day concluded with a session on the circular potential within healthcare. Kristien Depraetere, Sustainability Coordinator at UZ Leuven, outlined sustainable practices in hospitals, from waste reduction to advanced recycling in medical waste. “Healthcare can lead by example in the transition to circularity, yet we need practical and legislative support to address unique industry challenges”.

Visit to the European Commission
The third day of EDANA’s Sustainability Forum 2024 concluded with an insightful visit to the European Commission, offering attendees a unique opportunity to engage directly with policymakers and gain firsthand insights into the EU's sustainability agenda. Hosted at the Charlemagne Building, discussions centered on pivotal elements of the EU Green Deal, including the establishment of Extended Producer Responsibility (EPR), the scope and implementation of the Single-Use Plastics Directive (SUPD), and the Ecodesign for Sustainable Products Regulation.

Featuring presentations from prominent EU officials like Vicenzo Gente and Werner Bosmans, attendees delved into how these regulations are shaping sustainability strategies across industries. Bridging policy and practice emerged as essential, reinforcing the forum’s dedication to aligning industry actions with current EU regulatory frameworks. The session offered a strong conclusion to the event, reinforcing a shared commitment to a sustainable future in collaboration with EU leaders and regulatory bodies.

More information:
Edana nonwovens green materials
Source:

EDANA

23.10.2024

ECHA’s Integrated Regulatory Strategy - Goal achieved

The Integrated Regulatory Strategy (IRS) has increased the knowledge on chemicals and sped up identification of substances for which regulatory risk management actions are required. Refocussed IRS 2024-2028 will continue moving substances to risk management.

ECHA’s Integrated Regulatory Strategy aimed to speed up data generation, identification of groups of substances of concern, and regulatory action. It did so by integrating different regulatory processes into one approach to manage chemical risks effectively and efficiently. The strategy also encouraged collaboration between ECHA, Member States authorities and the European Commission.

The original goal of the IRS was achieved: to clarify which REACH registered substances are a high priority for regulatory risk management or data generation, and which are currently a low priority for further regulatory action.

ECHA’s sixth and final report of its Integrated Regulatory Strategy 2019-2023 shows that it achieved its goal of screening high production volume chemicals, manufactured or imported above 100 tonnes per year, that were on the European markets in 2018.

The Integrated Regulatory Strategy (IRS) has increased the knowledge on chemicals and sped up identification of substances for which regulatory risk management actions are required. Refocussed IRS 2024-2028 will continue moving substances to risk management.

ECHA’s Integrated Regulatory Strategy aimed to speed up data generation, identification of groups of substances of concern, and regulatory action. It did so by integrating different regulatory processes into one approach to manage chemical risks effectively and efficiently. The strategy also encouraged collaboration between ECHA, Member States authorities and the European Commission.

The original goal of the IRS was achieved: to clarify which REACH registered substances are a high priority for regulatory risk management or data generation, and which are currently a low priority for further regulatory action.

ECHA’s sixth and final report of its Integrated Regulatory Strategy 2019-2023 shows that it achieved its goal of screening high production volume chemicals, manufactured or imported above 100 tonnes per year, that were on the European markets in 2018.

Since 2019, ECHA has grouped and screened 6 000 substances, and addressed almost all of the 4 100 high production volume chemicals. Around 1 900 of substances screened in ECHA’s assessments of regulatory needs may potentially require regulatory risk management, mostly harmonised classification and labelling (CLH) or restriction under REACH. For more than two thirds of those, further data is needed first to confirm the relevant hazards. Around 60 % of all substances screened did not require further action.

Several substance groups, identified as requiring regulatory risk management, have been included in the EU’s Restrictions Roadmap, for example bisphenols, ortho-phthalates, flame retardants, hydrocarbyl siloxanes and hydrocarbylphenols.

Ofelia Bercaru, ECHA’s Director of Prioritisation and Integration, said:
“The strategy has significantly contributed to the EU ambition towards reaching the United Nations’ 2030 Sustainable Development Goals concerning chemicals. Over the next four years, we will continue the coordinated approach towards prioritising substances for risk management, whilst maintaining our good knowledge on ECHA’s chemical database, enhancing transparency with authorities and stakeholders, and exploring synergies with ECHA’s new tasks.

Next steps
The reviewed IRS for 2024-2028 will continue to improve the protection of human health and the environment from risks posed by hazardous chemicals. ECHA, the European Commission and Member States’ authorities will focus on agreeing more swiftly the necessary risk management measures for the identified substances of concern.

The future prioritisation of authorities’ activities will focus, for example, on the one substance one assessment principle. ECHA will integrate its new tasks to this approach in coming years.

Source:

ECHA

10.10.2024

Girbau awarded EcoVadis bronze medal

Girbau, a leading company in comprehensive textile care solutions, has been awarded the Bronze Medal by EcoVadis. This recognition places Girbau among the top 20%, based on the obtained score, leading companies assessed by EcoVadis in the past 12 months, demonstrating its commitment to sustainable business practices and responsible corporate governance across environmental, social, and ethical areas.

EcoVadis evaluates companies across several key areas, including Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Girbau’s bronze rating places the company among the top performers in its sector, reflecting its dedication to reducing environmental impact, ensuring responsible sourcing, and promoting fair labor practices.

Thus award differentiates and recognizes Girbau as a preferred partner within the hospitality sector and among the members of the Hospitality Alliance for Responsible Procurement (HARP), an EcoVadis-powered sector initiative.

Girbau, a leading company in comprehensive textile care solutions, has been awarded the Bronze Medal by EcoVadis. This recognition places Girbau among the top 20%, based on the obtained score, leading companies assessed by EcoVadis in the past 12 months, demonstrating its commitment to sustainable business practices and responsible corporate governance across environmental, social, and ethical areas.

EcoVadis evaluates companies across several key areas, including Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Girbau’s bronze rating places the company among the top performers in its sector, reflecting its dedication to reducing environmental impact, ensuring responsible sourcing, and promoting fair labor practices.

Thus award differentiates and recognizes Girbau as a preferred partner within the hospitality sector and among the members of the Hospitality Alliance for Responsible Procurement (HARP), an EcoVadis-powered sector initiative.

Girbau’s sustainability strategy is built on a foundation of continuous innovation and responsible practices to reduce the environmental impact of its products and operations. Key initiatives include the development of resource-efficient technologies, such as water reuse and treatment systems, and the creation of zero-waste production processes and is working to cut its carbon footprint by promoting the use of long-lasting and low emissions equipment.

Source:

Girbau

02.10.2024

Indorama Ventures concentrates yarn production in Italy

Indorama Ventures concentrates large parts of its high-performance polyester filament yarn production for the European textile industry around 100km west to Milan, Italy.

By transferring current German production and bundling the company’s spinning, draw texturizing and dyeing expertise in Sandigliano and its neighboring site in Saluzzo, Indorama Ventures executes on its strategy to transform its global asset network into a focused footprint that can serve volatile markets.

European textile filament customers will benefit from efficient, reliable supply of high-quality, colored, spun and package dyed, as well as functional yarns for a vast range of applications in customized quantities. End use applications are, among others, in apparel, home textile, woven label and automotive interior markets.

Indorama Ventures concentrates large parts of its high-performance polyester filament yarn production for the European textile industry around 100km west to Milan, Italy.

By transferring current German production and bundling the company’s spinning, draw texturizing and dyeing expertise in Sandigliano and its neighboring site in Saluzzo, Indorama Ventures executes on its strategy to transform its global asset network into a focused footprint that can serve volatile markets.

European textile filament customers will benefit from efficient, reliable supply of high-quality, colored, spun and package dyed, as well as functional yarns for a vast range of applications in customized quantities. End use applications are, among others, in apparel, home textile, woven label and automotive interior markets.

“While European customers value our expertise and supply capabilities from within the region, they also expect us to be highly cost competitive”, explains Vipin Kumar, Chief Operating Officer of Indorama Ventures’ fibers business. “Consolidating our capabilities will be most efficient moving forward and allow us to continuously serve our European customers with highly specialized and proven quality-products and services competitively.”

The company’s twisting and air texturizing processes will continue to be performed out of Bulgaria.

Source:

Indorama Ventures

breathable waterproof solutions (c) eVent® Fabrics
02.10.2024

eVent Fabrics: New talents for global expansion

eVent®️ Fabrics, a global leader in waterproof and breathable laminates, announced the hiring of three key team members to assist with growing demand for the brand’s expanding line of performance laminates and recent expansion into the South Korean market. Founded in 1999, the company impressed the industry with the first air-permeable 100% waterproof membrane and continues to innovate with sustainable, high-performance textiles. eVent is globally recognized for its breathable waterproof solutions and commitment to reliable, high-performance laminates.

Recent hires include Bartosz Lassak to the US sales team and Xie Yi to engineer the next generation of eVent textiles. For the recent expansion into Korea, Terry Kim will assist as eVent’s Korean Market Consultant.

eVent®️ Fabrics, a global leader in waterproof and breathable laminates, announced the hiring of three key team members to assist with growing demand for the brand’s expanding line of performance laminates and recent expansion into the South Korean market. Founded in 1999, the company impressed the industry with the first air-permeable 100% waterproof membrane and continues to innovate with sustainable, high-performance textiles. eVent is globally recognized for its breathable waterproof solutions and commitment to reliable, high-performance laminates.

Recent hires include Bartosz Lassak to the US sales team and Xie Yi to engineer the next generation of eVent textiles. For the recent expansion into Korea, Terry Kim will assist as eVent’s Korean Market Consultant.

eVent’s recent expansion into the Korean market includes a new strategic partnership with GEO International Co., LTD, a leading Korean company in the textile industry. This collaboration will introduce eVent’s high-performance waterproof breathable laminate solutions for apparel, footwear, and accessories to the Korean market, catering to the increasing demand for premium outdoor and performance apparel.

eVent’s newest team members include:

Bartosz Lassak – Senior Sales Manager
Based in Washington D.C., Bartosz is a Senior Sales Manager for the Eastern U.S. region and will help expand eVent’s sales footprint as new customers are added to the eVent portfolio. Bartosz brings 20 years of global industry experience and has a deep knowledge of outerwear materials, end use applications, and component brand sales. Most recently, Bartosz was a Territory Sales and Marketing Manager for Primaloft, managing ingredient brand distribution in the UK, Germany, Eastern Europe, Russia, Turkey, and North America.
 
Xie Yi – Textile Engineer
Having recently graduated with a double Master’s Degree in Textile Materials and Product Design from the highly regarded Donghua University, Xie joins the eVent team full time as a Textile Engineer. Xie will be integral as eVent continues to enhance product strategy and new product introductions. Throughout her academic career, Xie worked as a Production Assistant for Oya Jacquard Belt limited and a Research and Development Assistant at Atelier LUMA.

Terry Kim – Senior Consultant in Korea
Terry will support the expansion of eVent’s global footprint into Korean markets and assist with marketing efforts in the Korean market as well. Terry has significant experience in the industry including 20 years working in roles such as Sales Director and New Business Development Director in his time at Gore-Tex. In his most recent role, Terry was the Managing Director of Fabric Division for Gore-Tex.

More information:
eVent® Fabrics Korea expansion
Source:

eVent® Fabrics

28.08.2024

DyStar publishes Integrated Sustainability Report for FY2023/24

DyStar has published its Integrated Sustainability Report for FY2023/24. For the past 14 years, DyStar has formally reported on its sustainability performance in accordance with the Global Reporting Initiative (GRI) Standards. This report also adopts the Integrated Reporting <IR> framework, which outlines the company's environmental, social, and governance (ESG) practices through the lens of six major capitals.

DyStar has demonstrated the effectiveness of its strategy in the latest report. For instance, their efforts in implementing energy-efficient initiatives across its operations have started to yield credible results. DyStar’s Scope 1 and Scope 2 emissions totaled 42,084 tCO2e, representing a 67% decrease from 2011’s baseline year and a 26% decrease compared to FY2022. Scope 3 accounted for 8.2% of DyStar’s total emissions profile, with over 80% primarily stemming from the transportation of goods and services.

In terms of energy management, the Group has increased its use of renewable energy by 20%. Additionally, several energy conservation initiatives have been implemented as part of a concerted effort to reduce energy consumption globally.

DyStar has published its Integrated Sustainability Report for FY2023/24. For the past 14 years, DyStar has formally reported on its sustainability performance in accordance with the Global Reporting Initiative (GRI) Standards. This report also adopts the Integrated Reporting <IR> framework, which outlines the company's environmental, social, and governance (ESG) practices through the lens of six major capitals.

DyStar has demonstrated the effectiveness of its strategy in the latest report. For instance, their efforts in implementing energy-efficient initiatives across its operations have started to yield credible results. DyStar’s Scope 1 and Scope 2 emissions totaled 42,084 tCO2e, representing a 67% decrease from 2011’s baseline year and a 26% decrease compared to FY2022. Scope 3 accounted for 8.2% of DyStar’s total emissions profile, with over 80% primarily stemming from the transportation of goods and services.

In terms of energy management, the Group has increased its use of renewable energy by 20%. Additionally, several energy conservation initiatives have been implemented as part of a concerted effort to reduce energy consumption globally.

Operationally, there have been several improvements to procedures aimed at boosting water efficiency and achieving cost savings at all manufacturing sites.

Wastewater discharge was reduced by 37%, improving the intensity level to 8.04 m³ per ton of production compared to 8.71 m³ per ton the previous year. This improvement is also partially due to some of their sites operating under a “Zero Liquid Discharge Scheme” mandated by local authorities.

Key highlights of FY2023 include:

  • Participated at ITMA Milan, where DyStar introduced a new range of bio-based DyStar products, dyes and auxiliaries containing renewable feedstock, as well as the Eco-Advanced Indigo Dyeing process.
  • Recognition by the Institute of Public & Environmental Affairs (IPE), achieving second place on IPE’s Green Supply Chain Corporate Information Transparency Index (CITI).
  • Celebrating diversity and inclusivity through global campaigns.
More information:
DyStar Sustainability Report
Source:

DyStar Singapore Pte Ltd

Freudenberg at Fachpack 2024 (c) Freudenberg Performance Materials
Evolon® The Food Bag
20.08.2024

Freudenberg at Fachpack 2024

Freudenberg Performance Materials (Freudenberg) will present packaging solutions with various sustainability benefits at Fachpack 2024 in Nuremberg, Germany, from September 24-26. The range of exhibited products includes Evolon® microfilament textiles for reusable technical packaging of sensitive industrial parts, bio-based nonwoven materials for desiccant bags, and Evolon® The Food Bag – a solution for food preservation.

Freudenberg’s innovative Evolon® technical packaging product line will emphasize the company’s commitment to sustainability. Evolon® offers enhanced surface protection for various kinds of sensitive industrial parts, including molded plastics and painted components. It is notable for its durability and high recycled PET content. The microfilament fabric serves as an eco-friendly alternative to single-use packaging, particularly in the transportation of sensitive industrial goods such as automotive parts. Evolon®'s protective qualities reduce damage during transport and lower the rejection rate.

Freudenberg Performance Materials (Freudenberg) will present packaging solutions with various sustainability benefits at Fachpack 2024 in Nuremberg, Germany, from September 24-26. The range of exhibited products includes Evolon® microfilament textiles for reusable technical packaging of sensitive industrial parts, bio-based nonwoven materials for desiccant bags, and Evolon® The Food Bag – a solution for food preservation.

Freudenberg’s innovative Evolon® technical packaging product line will emphasize the company’s commitment to sustainability. Evolon® offers enhanced surface protection for various kinds of sensitive industrial parts, including molded plastics and painted components. It is notable for its durability and high recycled PET content. The microfilament fabric serves as an eco-friendly alternative to single-use packaging, particularly in the transportation of sensitive industrial goods such as automotive parts. Evolon®'s protective qualities reduce damage during transport and lower the rejection rate.

Additionally, Evolon® ESD (electro-static discharge) materials address the need for specialized packaging of sensitive electronic components by providing customizable permanent electro-static discharge protection in additional to surface protection.

Evolon® The Food Bag
Freudenberg will also be exhibiting a packaging product for food preservation in the home. Evolon® The Food Bag extends the shelf life of vegetables, fruits and bread by providing great moisture and climate management. The innovative bag was a finalist in the 2020 Zu gut für die Tonne!  prize (“Too Good For The Bin”), part of the National Strategy for Food Waste Reduction launched by Germany’s Federal Ministry of Food and Agriculture (BMEL).

Sustainable nonwoven materials for desiccant bags
A further highlight at Fachpack 2024 will be nonwoven materials for manufacturing desiccant bags. In addition to conventional fully synthetic materials, Freudenberg’s product range includes sustainable bio-based wetlaid nonwovens which are binder-free and industrially compostable.

Source:

Freudenberg Performance Materials Holding GmbH

Reifenhäuser Group: New Chief Sales Officer Photo: Reifenhäuser
16.08.2024

Reifenhäuser Group: New Chief Sales Officer

As of July 1, Marcel Perrevort has been appointed Chief Sales Officer (CSO) of the Reifenhäuser Group. He succeeds Ulrich Reifenhäuser, who had been in this position for more than 25 years. With this decision, the family-owned machinery and plant manufacturer is consistently continuing the already initiated generational transition in its management structure.

Perrevort has held various sales and management positions within the Reifenhäuser Group for over ten years - most recently as Managing Director of Reifenhäuser Blown Film. In his new role as CSO, he is primarily responsible for the Group's sales and service strategy and its alignment with the activities of the business units.

Ulrich Reifenhäuser will continue his work in associations and committees within the plastics industry and will remain at the disposal of the Reifenhäuser Group as a representative and consultant with adjusted work hours.

As of July 1, Marcel Perrevort has been appointed Chief Sales Officer (CSO) of the Reifenhäuser Group. He succeeds Ulrich Reifenhäuser, who had been in this position for more than 25 years. With this decision, the family-owned machinery and plant manufacturer is consistently continuing the already initiated generational transition in its management structure.

Perrevort has held various sales and management positions within the Reifenhäuser Group for over ten years - most recently as Managing Director of Reifenhäuser Blown Film. In his new role as CSO, he is primarily responsible for the Group's sales and service strategy and its alignment with the activities of the business units.

Ulrich Reifenhäuser will continue his work in associations and committees within the plastics industry and will remain at the disposal of the Reifenhäuser Group as a representative and consultant with adjusted work hours.

Source:

Reifenhäuser Gruppe

Salzburg Research: Sensors built into firefighter jacket (c) Salzburg Research
13.08.2024

Salzburg Research: Sensors built into firefighter jacket

Salzburg Research and the University of Salzburg developed an intelligent firefighter jacket on behalf of the fire service supplier Texport GmbH. Sensors built into the jacket report impending overheating and immediately initiate countermeasures. The prototype has now been successfully tested in the fire simulation system under real conditions.

Firefighting operations are very demanding: high temperatures, heavy protective clothing, physical exertion, and psychological stress put an enormous burden on the emergency services. If it gets too hot in the suit, heat stress occurs when the core body temperature reaches around 38.5° Celsius. Those affected are more willing to take risks, more impulsive, may make wrong decisions, and overestimate their physical capabilities. In extreme cases, firefighters can collapse.

Salzburg Research and the University of Salzburg developed an intelligent firefighter jacket on behalf of the fire service supplier Texport GmbH. Sensors built into the jacket report impending overheating and immediately initiate countermeasures. The prototype has now been successfully tested in the fire simulation system under real conditions.

Firefighting operations are very demanding: high temperatures, heavy protective clothing, physical exertion, and psychological stress put an enormous burden on the emergency services. If it gets too hot in the suit, heat stress occurs when the core body temperature reaches around 38.5° Celsius. Those affected are more willing to take risks, more impulsive, may make wrong decisions, and overestimate their physical capabilities. In extreme cases, firefighters can collapse.

Salzburg Research worked with the University of Salzburg to find ways to automatically avoid heat stress. The first step was to identify the critical point at which firefighters are at risk of overheating. To do this, sensors were integrated into the jacket to measure sweat and humidity. In an initial laboratory study, 19 participants were subjected to physical stress tests in full gear. The optimal sensors and their placement were determined in order to reliably determine heat stress. The algorithm developed now recognizes the point at which it becomes too hot for firefighters.

A cooling system was then installed in the jacket lining to improve the vital parameters and well-being of the firefighters and increase the safety of operations. The innovative air cooling system sparingly uses the air that firefighters carry in an additional compressed air cylinder.

Prototypes of the fire jacket were tested in the summer under real conditions in the fire simulation system. Twelve firefighters completed a simulated fire mission with and without the cooling system. Sensor data and feedback confirmed the effectiveness of the system.

The research work was funded as a cross-state cooperation within the framework of the WISS2025 strategy of the state of Salzburg.

Source:

Salzburg Research Forschungsgesellschaft m.b.H.

12.08.2024

Indorama Ventures: Stable 2Q24 earnings

Indorama Ventures Public Company Limited (IVL) reported a slight rise in quarterly performance, supported by a gradual recovery in sales volumes and as management executes the company’s IVL 2.0 strategy to optimize its manufacturing model, reduce costs, and enhance competitiveness.

Indorama Ventures’ reported Adjusted EBITDA  of $370 million in 2Q24, a 1% rise QoQ and a decline of 11% YoY. The company’s sales volumes increased 1% YoY due to subdued economic activity, but also signaling the end of a prolonged period of destocking that began in late 2022. Operating rates for the group increased from 74% to 76% in 1H24, although still at lower-than-average levels, signifying the weak global economic conditions. On a proforma basis, considering asset optimization actions, operating rates increase to 81%.

The Indovinya segment posted a robust performance on improved margins and rebounding demand for its high value-add downstream products. The packaging business, newly renamed ‘Indovida’, also performed well due to its leading footprint in emerging markets.

Indorama Ventures Public Company Limited (IVL) reported a slight rise in quarterly performance, supported by a gradual recovery in sales volumes and as management executes the company’s IVL 2.0 strategy to optimize its manufacturing model, reduce costs, and enhance competitiveness.

Indorama Ventures’ reported Adjusted EBITDA  of $370 million in 2Q24, a 1% rise QoQ and a decline of 11% YoY. The company’s sales volumes increased 1% YoY due to subdued economic activity, but also signaling the end of a prolonged period of destocking that began in late 2022. Operating rates for the group increased from 74% to 76% in 1H24, although still at lower-than-average levels, signifying the weak global economic conditions. On a proforma basis, considering asset optimization actions, operating rates increase to 81%.

The Indovinya segment posted a robust performance on improved margins and rebounding demand for its high value-add downstream products. The packaging business, newly renamed ‘Indovida’, also performed well due to its leading footprint in emerging markets.

Looking ahead, Indorama Ventures is encouraged by the gradual improvement in the operating environment as customer inventory levels normalize, which is expected to spur further growth in volumes across all segments in 2H24. The company also expects to benefit in 2H24 from its shale gas advantage in the U.S, reflected in ethylene crack margins, positively impacting its integrated MEG business. Continued higher import prices in Western markets will enhance the company’s competitiveness as a leading local operator.

While the polyester industry manages the downcycle, Indorama Ventures’ experienced management team is working hard to deleverage and optimize the business under the company’s IVL 2.0 strategy to emerge stronger and drive enhanced earnings quality in an era of higher interest rates and a substantially changed industry landscape. As flagged at its Capital Markets Day on 6 March this year and reaffirmed in its Mid year strategic update on 24 July, the company is making substantial progress with IVL 2.0. In 2Q24, it recorded an impairment and expense provision of $666 million ($543 million is non cash) under its asset optimization program to improve manufacturing efficiency and reduce fixed costs. The cost benefits will start from 3Q24 and amount to about $170 million in savings in 2025. The company expects that the remaining asset optimizations will not have material impairments.

Management is continuing its intense focus on managing costs and extracting efficiencies, including its Olympus 2.0 program. These efforts achieved $47 million in savings in 1H24 ($29 million in 2Q24). The company is continually optimizing its capital expenditure, with capex supporting investments in sustainability—such as recycling in India—and automation and digital technology, as well as ongoing projects.

A key part of Indorama Ventures’ transformation journey is the implementation of new digital and AI tools to drive operational excellence in key areas, including manufacturing, commercial, procurement, sales, supply chain, and finance excellence. A significant portion of operations now have the new SAP S/4HANA ERP platform as a digital core, while rollouts of other world-leading solutions are ongoing in a phased approach through to 2026.

Segment Performances
The Combined PET (CPET) with Intermediate Chemicals segment posted an Adjusted EBITDA of $234 million in 2Q24, a 6% decline QoQ and a 25% decrease YoY, due to a one-time upside impact from a campaign run of NDC campaign in 1Q24 and as reduced industry spreads weighed on the Integrated PET business. A cracker outage at Lake Charles in the U.S also resulted in a $17-18 million impact to EBITDA. The cracker is gradually up and running in 3Q24.

The Indovinya segment recorded a strong Adjusted EBITDA of $98 million, a 41% gain QoQ and 85% YoY on increased volumes as destocking eased, supported by demand for downstream chemical surfactants amid the U.S crops season.

The Fibers segment recorded Adjusted EBITDA of $39 million, a 2% rise QoQ and a 19% gain YoY amid improved sales strategies and a robust focus on cost management, even as volumes declined, particularly in the Lifestyle business.

Source:

Indorama Ventures Public Company Limited

Messe Düsseldorf: Change of managing directors Photo: Messe Düsseldorf / Andreas Wiese
he new management with Marius Berlemann, Wolfram N. Diener and Bernhard J. Stempfle (from left to right)
07.08.2024

Messe Düsseldorf: Change of managing directors

On August 1, Marius Berlemann took over as the new Managing Director for Operations. The personnel change is accompanied by a restructuring of management responsibilities.

From now on, Messe Düsseldorf’s leisure trade shows will be consolidated under the leadership of the operative management. To that end, the responsibility for boot, a large watersports show, will shift from President & CEO Wolfram N. Diener to Marius Berlemann. The new Managing Director for Operations will also be in charge of CARAVAN SALON Düsseldorf, a leading international trade show for mobile travel.

On August 1, Marius Berlemann took over as the new Managing Director for Operations. The personnel change is accompanied by a restructuring of management responsibilities.

From now on, Messe Düsseldorf’s leisure trade shows will be consolidated under the leadership of the operative management. To that end, the responsibility for boot, a large watersports show, will shift from President & CEO Wolfram N. Diener to Marius Berlemann. The new Managing Director for Operations will also be in charge of CARAVAN SALON Düsseldorf, a leading international trade show for mobile travel.

In turn, drupa, the global No. 1 trade show for printing technologies, will no longer be a part of operative management, instead moving to Wolfram N. Diener, who’s already in charge of many of Messe Düsseldorf’s industrial trade shows: a leading global trade show for the wire and tube industries, wire und Tube; an international valve trade show, VALVE WORLD EXPO; a packing trade show, interpack; a leading trade show for the metallurgy and foundry industries, GIFA, METEC, THERMPROCESS and NEWCAST; and numerous other trade shows of the portfolios. One recent addition is XPONENTIAL, a trade show for uncrewed systems and robotics in the U.S., which in February 2025 will for the first time host a European spinoff event in Düsseldorf: XPONENTIAL Europe.

Besides boot and CARAVAN SALON, Marius Berlemann will be in charge of the trade show for plastics and rubber, K; a leading international trade shows for medical devices and healthcare, MEDICA and COMPAMED; a leading trade show for rehabilitation, prevention, integration and care, REHACARE; a trade show for Wines and Spirits, ProWein; a retail trade show, EuroShop; a trade show for retail technology, EuroCIS; a trade show for the glass industry, glasstec; a global trade show for occupational safety and health, A+A; an international cosmetics and wellness trade show, BEAUTY DÜSSELDORF; and aninternational trade show for hairdressers, TOP HAIR; plus a number of international trade shows in the respective portfolios.

While the operative business has been reorganized, Bernhard J. Stempfle, Managing Director Finance and Infrastructure, will continue to be in charge of the entire finance department as well as of the Digital Strategy & Communication division and the Technology division.

Consisting of Wolfram N. Diener, Marius Berlemann and Bernhard J. Stempfle, Messe Düsseldorf’s management is optimally positioned to work side by side with the entire workforce to elevate the company’s competitive edge.

Source:

Messe Düsseldorf GmbH

07.08.2024

Lenzing: Improvement in Operating Result

  • Revenue up 4.8 percent year-on-year to EUR 1.31 bn in the first half of 2024
  • Performance program shows effect: EBITDA up 20.4 percent year-on-year to EUR 164.4 mn in in the first half of 2024
  • Free cash flow of EUR 141.5 mn (compared with minus EUR 165.4 mn in in the first half of 2023)
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group reports a gradual improvement in its business performance in the first half of 2024. As expected, the recovery of the markets relevant to Lenzing proved to be sluggish. Although fiber sales volumes increased, fiber prices remained at a low level. The cost of raw materials and energy remained high. At the same time, logistics costs rose significantly in the reporting period.

Outlook
The IMF left its growth forecast for 2024 unchanged at 3.2 percent and raised it to 3.3 percent for 2025. Nevertheless, a number of risks for the global economy remain.

Forecasting future economic growth is rendered more difficult by smoldering global conflicts, trade disputes, and the uncertain outcome of elections, including the USA and the EU.

  • Revenue up 4.8 percent year-on-year to EUR 1.31 bn in the first half of 2024
  • Performance program shows effect: EBITDA up 20.4 percent year-on-year to EUR 164.4 mn in in the first half of 2024
  • Free cash flow of EUR 141.5 mn (compared with minus EUR 165.4 mn in in the first half of 2023)
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group reports a gradual improvement in its business performance in the first half of 2024. As expected, the recovery of the markets relevant to Lenzing proved to be sluggish. Although fiber sales volumes increased, fiber prices remained at a low level. The cost of raw materials and energy remained high. At the same time, logistics costs rose significantly in the reporting period.

Outlook
The IMF left its growth forecast for 2024 unchanged at 3.2 percent and raised it to 3.3 percent for 2025. Nevertheless, a number of risks for the global economy remain.

Forecasting future economic growth is rendered more difficult by smoldering global conflicts, trade disputes, and the uncertain outcome of elections, including the USA and the EU.

Consumers are holding back on unnecessary purchases in an environment of rising prices, falling real wages in some cases, and concerns about economic growth. This is hampering a revival of the consumer apparel market, which is important for Lenzing.

The currency environment is expected to remain volatile in the regions relevant to Lenzing.

In the trend-setting market for cotton, a reduction in stock levels and a stable price trend at a low level is expected for the remainder of the 2023/2024 harvest season.

Earnings visibility remains limited overall.

Revenue and earnings in the first half of the year exceeded Lenzing’s expectations, despite the persistently difficult market. Lenzing is ahead of schedule with the implementation of its performance program. The company expects that the measures will make a greater contribution to further improving earnings in the coming quarters.

Taking the aforementioned factors into consideration, the Lenzing Group confirms its guidance for the 2024 financial year of year-on-year higher EBITDA.

Structurally, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as for the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its strategy and is pushing both profitable growth with specialty fibers and the further expansion of its market leadership in the sustainability area.

Source:

Lenzing AG

05.08.2024

Spinnova and ECCO: Plans for joint venture company Respin Oy

Spinnova Plc and ECCO Investment Corporation have signed a Letter of Intent (LOI) regarding the future plans for their 50/50 owned joint venture company Respin Oy. The development work of Respin’s leather waste-based fibre has shown good quality results during the current year. ECCO has successfully made a prototype shoe, which includes fibre from the Respin pilot line produced using Spinnova technology. A product launch by ECCO, using the fibre produced by Respin, is expected to take place before the end of Q1/2025.

Spinnova and ECCO see significant opportunities in scaling up Respin’s production volumes to a commercial level. According to the LOI, both parties are committed to scaling up operations and will work together in order to achieve a final decision, at the latest, by the end of Q1/2025 on how to proceed with the production scaling and commercialisation of Respin.

Spinnova Plc and ECCO Investment Corporation have signed a Letter of Intent (LOI) regarding the future plans for their 50/50 owned joint venture company Respin Oy. The development work of Respin’s leather waste-based fibre has shown good quality results during the current year. ECCO has successfully made a prototype shoe, which includes fibre from the Respin pilot line produced using Spinnova technology. A product launch by ECCO, using the fibre produced by Respin, is expected to take place before the end of Q1/2025.

Spinnova and ECCO see significant opportunities in scaling up Respin’s production volumes to a commercial level. According to the LOI, both parties are committed to scaling up operations and will work together in order to achieve a final decision, at the latest, by the end of Q1/2025 on how to proceed with the production scaling and commercialisation of Respin.

In line with Spinnova’s strategy and the Respin joint venture agreement, Spinnova will be the technology provider for any production scale-up. Furthermore, as stated in Spinnova’s strategy, Spinnova does not itself expect to raise further external financing to fund the increase in Respin’s production capacity.

More information:
Spinnova Leather Respin Oy
Source:

Spinnova Plc

Better Cotton Council: New co-chairs and members (c) Evronas/Better Cotton
From left to right: Bob Dall’alba of Australian Food & Fibre, Pierre Chehab of LDC (Outgoing), Ashok Hegde of OLAM Agri, Amit Shah (Independent), Liz Hershfield (Independent), Alan McClay of Better Cotton, Tamar Hoek of Solidaridad, Marc Lewkowitz (Independent), Vicente Sando of FONPA, Bill Ballenden of LDC, Elodie Gilart of M&S, Dr Shahid Zia of the Lok Sanjh Foundation, Doug Forster of J.Crew Group, and Rajan Bhopal of PAN UK.
01.08.2024

Better Cotton Council: New Co-chairs and Members

Better Cotton has announced the appointment of two new co-chairs and five new members to its Council.  

The new co-chairs are Bill Ballenden, a newly elected member and the Head of Sustainability and Innovation at Louis Dreyfus Company (LDC) Cotton, and Tamar Hoek, Senior Policy Director for Sustainable Fashion at Solidaridad. Together, they will execute the duty of chair, acting both as internal and external ambassadors for Better Cotton and ensuring policy decisions are presented to the council and appropriately considered.

Better Cotton has also welcomed representatives from Marks & Spencer, J.Crew, leading Pakistani spinner Nishat Chunian and Mozambican farmer body FONPA, to its council, who join with a retroactive start date of 1 June 2024.

In addition to Bill Ballenden, other newly elected members of the Better Cotton Council include:

Better Cotton has announced the appointment of two new co-chairs and five new members to its Council.  

The new co-chairs are Bill Ballenden, a newly elected member and the Head of Sustainability and Innovation at Louis Dreyfus Company (LDC) Cotton, and Tamar Hoek, Senior Policy Director for Sustainable Fashion at Solidaridad. Together, they will execute the duty of chair, acting both as internal and external ambassadors for Better Cotton and ensuring policy decisions are presented to the council and appropriately considered.

Better Cotton has also welcomed representatives from Marks & Spencer, J.Crew, leading Pakistani spinner Nishat Chunian and Mozambican farmer body FONPA, to its council, who join with a retroactive start date of 1 June 2024.

In addition to Bill Ballenden, other newly elected members of the Better Cotton Council include:

  • Doug Forster, Chief Sourcing Officer at J.Crew Group, has been instrumental in streamlining the company’s supplier guide and has extensive experience driving sustainability initiatives at numerous apparel firms. 
  • Elodie Gilart, Senior Sustainability Manager at Marks & Spencer, currently leads the company’s raw materials and circularity strategy for clothing and home products.  
  • Nadia Bilal, Managing Director of Spinning at Nishat Chunian, supports strategic raw material planning, market trend analysis and project management at the company, which is among the top-ranked employers in Pakistan’s textile sector for women’s empowerment.
  • Vicente Sando, Executive Coordinator at FONPA, Mozambique’s National Forum of Cotton Farmers, has a wealth of experience in agricultural development and advocacy.

Better Cotton has also announced the re-election of Rajan Bhopal, International Project Manager (Supply Chain) at PAN UK, and Shahid Zia, Executive Director at the Lok Sanjh Foundation to its council.  

With these newly elected members come the departure of three members from the Council. Gerson Fajardo of Walmart; Pierre Chebab of Louis Dreyfus Company (LDC); and Kevin Quinlan, Independent, have completed their tenures and now left the council.

The Better Cotton Council, which is the subject of a biennial nomination and election process, comprises a select group of members which sit at the centre of the organisation and are responsible for its strategic direction. Council members represent retailers, brands, manufacturers, suppliers, producers, and civil society across the cotton industry.

More information:
Better Cotton cotton United Kingdom
Source:

Better Cotton

29.07.2024

CmiA: Boosting Gender Justice in cotton production

Women play a decisive role in achieving social and economic improvements for entire communities, including those involved in cotton production. Nonetheless, female farmers continue to face systemic disadvantages. Cotton made in Africa (CmiA) is pursuing gender justice to redress this imbalance, and the results of a recent study reveal significant progress in this regard.

A recent study shows women taking leadership through Cotton made in Africa as lead farmers. In this position, they serve as role models; they offer other female farmers someone to turn to; and they establish co-operatives together with other women to increase both their autonomy and their financial independence by creating new sources of income.

Women play a decisive role in achieving social and economic improvements for entire communities, including those involved in cotton production. Nonetheless, female farmers continue to face systemic disadvantages. Cotton made in Africa (CmiA) is pursuing gender justice to redress this imbalance, and the results of a recent study reveal significant progress in this regard.

A recent study shows women taking leadership through Cotton made in Africa as lead farmers. In this position, they serve as role models; they offer other female farmers someone to turn to; and they establish co-operatives together with other women to increase both their autonomy and their financial independence by creating new sources of income.

A major factor in this success has been collaboration with African cotton companies in the cultivation regions. This involves regular verifications to assess whether the partners’ activities comply with the standard’s requirements. The verifications are structured around a large selection of indicators that address issues including whether gender-related training was completed or whether projects promoting gender justice were conducted. Over the past years, this approach has not only raised awareness of gender equality among village communities but also increasingly challenged or dissolved traditional norms among the partner companies’ management and staff, thereby resolving inequities and empowering women at the systemic level. The study revealed that respondents see Cotton made in Africa as playing a highly supportive role. Intensive communication through training, verifications, and discussions with other cotton companies has given partner companies a clear awareness of how important gender justice is. As a result, they have become significantly more active in this regard, thereby encouraging women to assume a stronger position in agriculture and the communities. This is reflected in the fact that over 80 percent of both male and female respondents in Mozambique disagreed with the statement that care work should only be done by women. At least 60 percent of female and male farmers surveyed apply the skills and knowledge acquired through the training, which expressly addresses gender-specific aspects. In addition, over 80 percent of surveyed women stated that they receive the same share of proceeds from cotton sales as the other members of their families.

CmiA’s gender study was based on the internationally recognised Women’s Empowerment in Agriculture Index, which aims to measure and improve the role of women in agriculture. In addition to the survey of over 500 farmers, 26 qualitative interviews and around 30 group discussions were conducted in cotton-growing areas of Mozambique (in south-eastern Africa) and Benin (in western Africa) in order to ensure a representative sample.

Cotton made in Africa shares the United Nations’ views on the significance of gender equality, as outlined in the Sustainable Development Goals (SDGs), especially SDG 5. In its own work as a sustainability standard, CmiA also follows international norms and frameworks, such as ILO conventions or Agenda 2030; at a higher level, CmiA promotes gender equality in the textile industry by participating in expert groups like the Partnership for Sustainable Textiles’ strategy committee for gender equality.

Source:

Cotton made in Africa (CmiA)