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13.03.2024

Rieter: Successful financial year 2023

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

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

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

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

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

Source:

Rieter Management AG

(c) GFA and PDS Ventures
13.03.2024

GFA and PDS Ventures: Funding programme for fashion innovation

Global Fashion Agenda (GFA) has collaborated with PDS Ventures to launch a new Trailblazer Programme. The new initiative seeks to identify early-stage innovators and support them on their journey to scale.

Global Fashion Agenda (GFA) has collaborated with PDS Ventures to launch a new Trailblazer Programme. The new initiative seeks to identify early-stage innovators and support them on their journey to scale.

As part of the Trailblazer Programme, PDS Ventures will award one innovator a significant investment of up to USD 200,000* to accelerate the company’s growth and positive impact in the fashion industry. The winner will also receive commercial and operational support from PDS Group’s Positive Materials - a textile company and strategic research partner supporting the development and acceleration of low impact textile innovation through collaboration between early-stage start-ups, supply chain partners and brands. Further scaling opportunities will be gained through access to PDS Limited’s extensive global supply chain.
 
GFA and PDS Ventures are presenting an open call for solution providers addressing different challenges across the fashion value chain to apply for the programme. Applicants will be reviewed and shortlisted by an esteemed Jury including representatives from GFA, PDS Ventures, Massachusetts Institute of Technology (MIT), Ralph Lauren Corporation, Fashion For Good and H&M Group. Eight shortlisted innovations will be enrolled in a group of Trailblazers, receiving feedback and investment pitch training from industry experts and PDS representatives.     
 
Each shortlisted innovator will then pitch for a potential investment, with the winning Trailblazer being revealed at GFA’s Global Fashion Summit: Copenhagen Edition 2024 - an international forum for sustainability in fashion, on 22-23 May at the Copenhagen Concert Hall. All shortlisted Trailblazers will also have the opportunity to showcase their businesses within an exhibit at the Summit to connect with other key industry stakeholders and potential investors.
 
The Trailblazer Programme corresponds with the theme of the upcoming Global Fashion Summit - ‘Unlocking The Next Level’. Inspired by a significant milestone, 2024 marks 15 years since the inaugural Global Fashion Summit was hosted in 2009. This pivotal anniversary offers a special moment to not only take stock of the evolution of the sector and the progress made so far, but, most importantly, look ahead at what actions must urgently be implemented in the near term, and the gaps that must be filled to accelerate industry transformation.

Source:

Global Fashion Agenda

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

DITF: Thomas Stegmaier appointed Sustainability Officer

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

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

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

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

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

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

Launch of GarmentTech İstanbul Exhibition (c) Teknik Fuarcılık
At the GarmentTech İstanbul Exhibition press conference; Teknik Fairs organization team, members of the Garment Machinery Advisory Board, KOMİD President, TEMSAD President and sector representatives.
11.03.2024

Launch of GarmentTech İstanbul Exhibition

Turkey's leading garment machinery manufacturers and representatives have collaborated with Teknik Fuarcılık for GarmentTech İstanbul Garment, Embroidery Machines Spare Parts and Sub Industry Exhibition to host the first GarmentTech İstanbul Exhibition.

The GarmentTech İstanbul Exhibition will be held at İstanbul Expo Center (IFM) between June 25-28, 2025 and brings together all the technologies used in garment and ready-to-wear production.

The ready-to-wear and garment sector is among the locomotive sectors of the Turkish economy with both employment and export income. With 22 thousand 640 exporters and 42 thousand 434 manufacturers, the sector is among the priority sectors in the country's employment with approximately 700 thousand people working in production. Together with the retail and ready-to-wear sectors, total employment exceeds 2 million.

On the other hand, ready-to-wear and garment sector is the 3rd largest exporter in Turkey. Turkey is the 5th country in the world that exports the most ready-to-wear and garment. In 2023, the sector reached 19.3 billion dollars in exports and has a share of 7.5% in general exports.

Turkey's leading garment machinery manufacturers and representatives have collaborated with Teknik Fuarcılık for GarmentTech İstanbul Garment, Embroidery Machines Spare Parts and Sub Industry Exhibition to host the first GarmentTech İstanbul Exhibition.

The GarmentTech İstanbul Exhibition will be held at İstanbul Expo Center (IFM) between June 25-28, 2025 and brings together all the technologies used in garment and ready-to-wear production.

The ready-to-wear and garment sector is among the locomotive sectors of the Turkish economy with both employment and export income. With 22 thousand 640 exporters and 42 thousand 434 manufacturers, the sector is among the priority sectors in the country's employment with approximately 700 thousand people working in production. Together with the retail and ready-to-wear sectors, total employment exceeds 2 million.

On the other hand, ready-to-wear and garment sector is the 3rd largest exporter in Turkey. Turkey is the 5th country in the world that exports the most ready-to-wear and garment. In 2023, the sector reached 19.3 billion dollars in exports and has a share of 7.5% in general exports.

Teknik Fuarcılık, which has more than 30 years of experience in exhibition organization and has made the ITM International Textile Machinery Exhibition a world brand, has taken action to make the success achieved by the garment and ready-to-wear sector sustainable. GarmentTech İstanbul Exhibition, which will be organized with the support of the members of the Garment Machinery Advisory Board and in cooperation with the Apparel Automation and Machinery Manufacturers Association (KOMİD), will host professional visitors and global buyers from all over the world.

The press conference of GarmentTech İstanbul Exhibition was attended by members of the Garment Machinery Advisory Board, Vice Chairman of Astaş Holding H. Kaya Aşçı, Astaş Juki Board Member and General Manager Turgay Aşçı, Chairman of the Board of Çatma Makine Yavuz Çatma, Chairman of the Board of Alba Makine Cengiz Albayrak, General Manager of Malkan Makine Alparslan Er, General Manager of Uğur Makine Temel Kamiloğlu, Tetaş Sales and Marketing Assistant General Manager Murat Eren, Malkan Makina Factory Manager Metin Kılıç and KOMID President Haluk Akın, TEMSAD President Adil Nalbant, KOMİD Members Serkon Makina Chairman İzzet Savaş, Robotech General Manager Hüseyin Çetin, Chairman of the Board of NewTech Machinery Nezir Yazıcı, LGM Foreign Trade Specialist Yiğit Sağdık Manav, Avtek Manager Oğuz Avcı and many sector representatives.

Source:

Teknik Fuarcılık

08.03.2024

Infinited Fiber Company completes development financing round

Infinited Fiber Company has successfully completed a two-part development financing round totaling 40 million euros, with significant investments from new investors Inditex, TTY Management, Youngone and Goldwin, in addition to existing ones.

The new investors are Inditex Group, the parent company of Zara and other brands, and TTY Management B.V., an asset management company privately owned by Tadashi Yanai, Chairman, President and CEO of Fast Retailing. Outdoor clothing manufacturer Youngone (YOH CVC Fund 1 Limited Partnership) and Japanese sportswear manufacturer Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership) are also among the new investors who joined in the recent second closing of EUR 27 million.

The first part of the development financing round, closed in summer 2023, included investments from existing investors. Apparel companies H&M Group, adidas, BESTSELLER, and Zalando further reinforced their long-term commitment to Infinited Fiber. Also investment company VTT Ventures participated in the first closing, and investment companies Security Trading and Nidoco AB in both closings of the round.

Infinited Fiber Company has successfully completed a two-part development financing round totaling 40 million euros, with significant investments from new investors Inditex, TTY Management, Youngone and Goldwin, in addition to existing ones.

The new investors are Inditex Group, the parent company of Zara and other brands, and TTY Management B.V., an asset management company privately owned by Tadashi Yanai, Chairman, President and CEO of Fast Retailing. Outdoor clothing manufacturer Youngone (YOH CVC Fund 1 Limited Partnership) and Japanese sportswear manufacturer Goldwin (GOLDWIN Play Earth Fund Investment Limited Partnership) are also among the new investors who joined in the recent second closing of EUR 27 million.

The first part of the development financing round, closed in summer 2023, included investments from existing investors. Apparel companies H&M Group, adidas, BESTSELLER, and Zalando further reinforced their long-term commitment to Infinited Fiber. Also investment company VTT Ventures participated in the first closing, and investment companies Security Trading and Nidoco AB in both closings of the round.

After the development financing round, Inditex, TTY Management and H&M Group are the largest shareholders of Infinited Fiber Company.

Source:

Infinited Fiber Company

adidas: Y-3 and Real Madrid launch Travel Collection (c) adidas AG
08.03.2024

adidas: Y-3 and Real Madrid launch Travel Collection

Having recently celebrated the club’s 120th anniversary with a special kit for the 2021/2022 season, this year, Y-3 and Real Madrid have come together once again to bring Yohji Yamamoto’s perspective to the club with a seven-piece travel collection.

Inspired by the signature monochromatic color palette of both Real Madrid and Y-3, the travel collection itself consists of a sleek and elegant selection of pieces in all black. Crafted at the intersection of tailoring and athletic-wear, the suite of pieces includes a short sleeve polo, a long sleeve polo, a pair of shorts, a pair of track pants, a track top, a coach jacket, and a premium faux leather jacket – each made with soft sporting fabrics and finished with collaborative details such as Yohji Yamamoto’s recognizable handwritten signature script wordmark and the Real Madrid crest.

Accompanying the launch of the travel collection is a campaign shot by trailblazing London-based photographer Gabriel Moses featuring past and present Real Madrid icons including Naomie Feller, Jude Bellingham, David Alaba, Misa Rodríguez, and Zinedine Zidane.

Having recently celebrated the club’s 120th anniversary with a special kit for the 2021/2022 season, this year, Y-3 and Real Madrid have come together once again to bring Yohji Yamamoto’s perspective to the club with a seven-piece travel collection.

Inspired by the signature monochromatic color palette of both Real Madrid and Y-3, the travel collection itself consists of a sleek and elegant selection of pieces in all black. Crafted at the intersection of tailoring and athletic-wear, the suite of pieces includes a short sleeve polo, a long sleeve polo, a pair of shorts, a pair of track pants, a track top, a coach jacket, and a premium faux leather jacket – each made with soft sporting fabrics and finished with collaborative details such as Yohji Yamamoto’s recognizable handwritten signature script wordmark and the Real Madrid crest.

Accompanying the launch of the travel collection is a campaign shot by trailblazing London-based photographer Gabriel Moses featuring past and present Real Madrid icons including Naomie Feller, Jude Bellingham, David Alaba, Misa Rodríguez, and Zinedine Zidane.

More information:
adidas Y-3
Source:

adidas AG

Mayer & Cie. CN: New headquarters in Jiangsu (c) Mayer & Cie. GmbH & Co. KG
08.03.2024

Mayer & Cie. CN: New headquarters in Jiangsu

Mayer & Cie. CN Changzhou LLC, the Chinese subsidiary of the German circular knitting and braiding machine manufacturer Mayer & Cie., settled in Jiangsu Province at the beginning of the year. Until now, the Sales & Service subsidiary Mayer & Cie. China, founded in 2003 and later to become Mayer & Cie. China, had been based in Shanghai.

The new location within a Sino-German Innovation Park comprises a production hall of around 5,000 square meters. In the future, the circular knitting machines assembled for the domestic market will increasingly consist of locally sourced parts and components from various suppliers.

Since 2011, Mayer & Cie. has been assembling selected machine types for the domestic market at its Chinese plant in Shanghai. It started with a single jersey machine for the most common requirements. Today, China's domestic portfolio includes four types of machines. Until now, the knitting heads for these circular knitting machines had been pre-produced at the Mayer & Cie. plant in the Czech Republic and then transported to China.

Mayer & Cie. CN Changzhou LLC, the Chinese subsidiary of the German circular knitting and braiding machine manufacturer Mayer & Cie., settled in Jiangsu Province at the beginning of the year. Until now, the Sales & Service subsidiary Mayer & Cie. China, founded in 2003 and later to become Mayer & Cie. China, had been based in Shanghai.

The new location within a Sino-German Innovation Park comprises a production hall of around 5,000 square meters. In the future, the circular knitting machines assembled for the domestic market will increasingly consist of locally sourced parts and components from various suppliers.

Since 2011, Mayer & Cie. has been assembling selected machine types for the domestic market at its Chinese plant in Shanghai. It started with a single jersey machine for the most common requirements. Today, China's domestic portfolio includes four types of machines. Until now, the knitting heads for these circular knitting machines had been pre-produced at the Mayer & Cie. plant in the Czech Republic and then transported to China.

The manufacturer is now saying goodbye to this "knitting head principle". It made perfect sense for the start of the assembly line, says Benjamin Mayer, managing partner of Mayer & Cie. However, it leaves little room for flexibility. He explains: "In the future, we will source all parts and components of the machines assembled in China from various local suppliers. This allows us to offer our local customers more attractive prices and faster delivery times with the same quality standards. We expect this change to improve the positioning of our products in the domestic market." In addition, the new plant will be connected to the parent company in Albstadt via an SAP connection. This was imperative to increase efficiency, transparency and quality.

The new headquarters of Mayer & Cie. CN is the German Chinese Innovation Park in Jintan in Jiangsu Province. The companies based there enjoy various advantages, including attractive location costs as well as proximity and exchange with other German companies on site. In addition, the administration of the SGIP supports companies in their search for employees, suppliers and service providers.

Source:

Mayer & Cie. GmbH & Co. KG

08.03.2024

Autoneum: Two new plants in China and India

  • Autoneum is expanding its production capacities in Asia with two new plants in Changchun in the Chinese province of Jilin and Pune in Western India.

The world's largest automotive market Asia is one of the most important sales regions for vehicle manufacturers and suppliers as well as a pioneer for new forms of e-mobility. Autoneum already supplies both international and local vehicle manufacturers in Asia with multifunctional lightweight components for noise and heat protection, supporting them in their commitment to sustainable mobility. Autoneum is expanding its production capacities in the key automotive hubs of China and India to increase its presence and thus its proximity to customers in these important production centers.

  • Autoneum is expanding its production capacities in Asia with two new plants in Changchun in the Chinese province of Jilin and Pune in Western India.

The world's largest automotive market Asia is one of the most important sales regions for vehicle manufacturers and suppliers as well as a pioneer for new forms of e-mobility. Autoneum already supplies both international and local vehicle manufacturers in Asia with multifunctional lightweight components for noise and heat protection, supporting them in their commitment to sustainable mobility. Autoneum is expanding its production capacities in the key automotive hubs of China and India to increase its presence and thus its proximity to customers in these important production centers.

Autoneum’s new plant in China, which will be operated as a joint venture, will be located in Changchun in the northern Chinese Jilin province, which is one of Asia’s largest car production centers. The proximity to key local and international vehicle manufacturers makes Changchun a strategically important and attractive location for Autoneum. The plant will help to increase market share with European, Japanese and Chinese car manufacturers with products for light vehicles and also support the expansion of the Company’s business with components for commercial vehicles in this region. The project is supported by the local authorities in China. From the end of 2024, the plant will ramp up production with first samples for already awarded business for inner dashes, interior floor insulators and other NVH (noise, vibration, harshness) components for cars of all drive types.

Autoneum is furthermore expanding its local presence in Western India with a fully owned production facility in Pune in the state of Maharashtra. The Company already operates two locations in India: one in Behror near New Delhi in the north and a joint venture plant in Chennai in the south. Thanks to the new Pune plant, Autoneum will now be present in the north, west and south of the country and gain access to the third of four major automobile production centers in India. Orders have already been received and the plant in Pune will start manufacturing carpet systems, interior trim, wheelhouse outer liners, e-motor covers and other noise protection components as of the second quarter of 2024. From the 7 500 square meter building, Autoneum will supply international as well as local car manufacturers with a particular focus on Indian and Korean vehicle manufacturers.

Source:

Autoneum Management AG

08.03.2024

Rieter: Partnership with Shanghai's DIW

On March 6, 2024, Rieter received an order for the first batch of Rieter technology amounting to around CHF 62 million from Shanghai Digital Intelligence World Industrial Technology Group Co., Ltd. (DIW). Rieter also signed a strategic partnership with DIW to develop an intelligent yarn manufacturing technology that utilizes digitization and automation to minimize conversion costs.

On March 6, 2024, Rieter received an order for the first batch of Rieter technology amounting to around CHF 62 million from Shanghai Digital Intelligence World Industrial Technology Group Co., Ltd. (DIW). Rieter also signed a strategic partnership with DIW to develop an intelligent yarn manufacturing technology that utilizes digitization and automation to minimize conversion costs.

Rieter and DIW signed a first order in the amount of around CHF 62 million for combers and draw frames that will provide the basis to transform DIW’s spinning mills into state-of-the-art industrial textile operations. DIW, a fast-growing company specializing in intelligent manufacturing and industrial operation services, selected Rieter following a competition in which the company’s machines achieved better stability and higher production than competitors. The strategic partnership of DIW and Rieter is designed to further enhance the overall operational efficiency of DIW’s mills by providing highly efficient machines, automation and digitization technology. This will also minimize conversion cost and consolidate the sustainable growth of both companies, while contributing to the high-quality development of the Chinese textile industry.

Source:

Rieter Management AG

08.03.2024

Final report of the World Pultrusion Conference 2024

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

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

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

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

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

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

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

Source:

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

06.03.2024

Browzwear adds complete Color Atlas by Archroma® library

Archroma and Browzwear, a company of 3D digital solutions for the fashion industry, have expanded their partnership to bring the complete Color Atlas by Archroma® library of colors to Browzwear’s VSticher, Lotta and Stylezone platforms.

Designers will now have access to a total of 5,760 color references, with 1,440 colors for polyester added to Browzwear’s existing color library of 4,320 Color Atlas colors for cotton poplin. This will support them to collaborate across the entire supply chain, ensuring color consistency from digital design to production for cotton, polyester and blends.

Crucially, the color references in the Color Atlas by Archroma® have been formulated to comply with leading international eco-standards, allowing designers to select dyes and finishes that meet their desired sustainability profile. Each color is available as a physical color standard that includes precise dyeing recipes and compliance data, as well as access to expert technical support from Archroma around the world.

Archroma and Browzwear, a company of 3D digital solutions for the fashion industry, have expanded their partnership to bring the complete Color Atlas by Archroma® library of colors to Browzwear’s VSticher, Lotta and Stylezone platforms.

Designers will now have access to a total of 5,760 color references, with 1,440 colors for polyester added to Browzwear’s existing color library of 4,320 Color Atlas colors for cotton poplin. This will support them to collaborate across the entire supply chain, ensuring color consistency from digital design to production for cotton, polyester and blends.

Crucially, the color references in the Color Atlas by Archroma® have been formulated to comply with leading international eco-standards, allowing designers to select dyes and finishes that meet their desired sustainability profile. Each color is available as a physical color standard that includes precise dyeing recipes and compliance data, as well as access to expert technical support from Archroma around the world.

More information:
Archroma Browzwear Color Atlas
Source:

Archroma

EURATEX: Launch of educational project AEQUALIS-4-TCLF (c) EURATEX
Kick off meeting of the AEQUALIS4TCLF project
06.03.2024

EURATEX: Launch of educational project AEQUALIS-4-TCLF

In the context of the EU Pact for Skills, EURATEX launches an EU co-funded project under ERASMUS+ Programme to support the up-skilling and reskilling in the textile, clothing, leather and footwear (TCLF) sectors.  The new project, AEQUALIS-4-TCLF, brings together 19 partners mainly from Eastern and Northern Europe1 who will work together in the coming 4 years to give a boost to upskilling and reskilling of workers in the TCLF industry.

Following the blueprint project SMART4TCLF and complementary to the METASKILLS4TCLF project, AEQUALIS4TCLF prioritizes creating strong links with regional and local entities to boost skills initiatives and establishing an EU-wide Network of TCLF vocational education and training (VET) and higher education (HE) providers. Based on the results from the skills gap analysis, AEQUALIS4TCLF will develop new national skills strategies in seven countries to address specific regional needs, setting a clear path for workforce development with special attention to addressing discrimination and promote diversity in the TCLF industries.

In the context of the EU Pact for Skills, EURATEX launches an EU co-funded project under ERASMUS+ Programme to support the up-skilling and reskilling in the textile, clothing, leather and footwear (TCLF) sectors.  The new project, AEQUALIS-4-TCLF, brings together 19 partners mainly from Eastern and Northern Europe1 who will work together in the coming 4 years to give a boost to upskilling and reskilling of workers in the TCLF industry.

Following the blueprint project SMART4TCLF and complementary to the METASKILLS4TCLF project, AEQUALIS4TCLF prioritizes creating strong links with regional and local entities to boost skills initiatives and establishing an EU-wide Network of TCLF vocational education and training (VET) and higher education (HE) providers. Based on the results from the skills gap analysis, AEQUALIS4TCLF will develop new national skills strategies in seven countries to address specific regional needs, setting a clear path for workforce development with special attention to addressing discrimination and promote diversity in the TCLF industries.

1 List of Netherlands, Czechia, Lithuania, Finland, Croatia, Slovenia, Serbia

Source:

EURATEX

05.03.2024

Denim Expert's Goal: 100% wastewater recycling

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

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

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

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

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

05.03.2024

Over 330 exhibitors at Intertextile Shanghai Home Textiles

From 6 – 8 March 2024, over 330 exhibitors from seven countries and regions will convene at of Intertextile Shanghai Home Textiles – Spring Edition to highlight a variety of home textile products. Buyers will be able to source the latest bedding, duvets, pillows, towels, carpets, rugs and many more.

Highlighted exhibitors

From 6 – 8 March 2024, over 330 exhibitors from seven countries and regions will convene at of Intertextile Shanghai Home Textiles – Spring Edition to highlight a variety of home textile products. Buyers will be able to source the latest bedding, duvets, pillows, towels, carpets, rugs and many more.

Highlighted exhibitors

  • Bedding – GSI Creos Corporation, Jjiangyin Hongliu Bedsheet Co Ltd, Zhejiang Eider Warmth New Material Co Ltd
  • Down – Anhui Million Feather Co Ltd, Hangzhou Gaga Home Textiles Co Ltd, Shanghai Donglong Home Textile Products Co Ltd
  • Functional pillow & mattress – Changshu Dafa Warp Knitting Co Ltd, Chuzhou Bray Smart Home Appliances Co Ltd, Zhangjiagang Coolest Life Technology
  • Floor – Amore Textile (Suzhou) Co Ltd, Jingyi Fur Products Co Ltd, Shaoxing Jiaohui Home Textile Co Ltd
  • Quilt fillings – Pujiang Boyue Home Textile Co Ltd, Pujiang Huayu Hometextile Co Ltd
  • Textile design – Tela’s Design Lda
  • Towelling – Nantong Dadong Co Ltd, Sunvim Group Co Ltd
  • Loungewear & bath – Suzhou Huazhong Knitting Co Ltd, Zhejiang Demu Textile Technology Co Ltd
  • Upholstery fabrics – Changshu Xinghan Hometextiles Co Ltd, Jiangsu First Home Textile Co Ltd, Shaoxing Chengchong Imp & Exp Co Ltd
  • Home textile technologies – Nantong Mingxing Science & Technology Development Co Ltd, Sichuan Chnki Sewing Machine Co Ltd

Fringe programme
Complementing the exhibitor lineup, Intertextile Shanghai Home Textiles will feature events to keep attendees up-to-date with emerging developments, trends, and important intuition.
For example, one of the most essential yet often overlooked foundations for sustaining wellness is quality sleep. Throughout day one and two at the Bedding Seminar Area, sleep technology will again be a key topic of discussion, guaranteeing comprehensive insights on sleep quality while tapping into associated business prospects.
Traditional Chinese medicine will also take the spotlight, with talks linking various health issues to remedies. Crossover subjects include topical therapy’s role in a better night’s sleep as well as innovations blending medicinal properties with textile design.
An increasing number of people are choosing to use natural materials and green textiles for their bedrooms and throughout their homes. For this reason, the seminars falling under the "Textiles & Technology" theme will shed light on sustainability and what’s next in the industry.

Source:

Messe Frankfurt (HK) Ltd

Borealis celebrates 30th anniversary (c) Borealis
05.03.2024

Borealis celebrates 30th anniversary

Borealis is commemorating its thirtieth year of operations. Born of a merger between Statoil and Neste, Borealis has expanded from its early Nordic roots to become one of the top polyolefins players. Its dedication to value creation through innovation has produced proprietary and transformative technologies which benefit society and accelerate the transition to a circular economy. The company is regularly ranked as Austria's top innovator in the European Patent Index and holds an extensive patent portfolio of around 8,900 granted patents. In Europe in particular, Borealis has for decades bolstered the industrial landscape by investing in its capital assets, and by providing thousands of jobs.

Borealis is commemorating its thirtieth year of operations. Born of a merger between Statoil and Neste, Borealis has expanded from its early Nordic roots to become one of the top polyolefins players. Its dedication to value creation through innovation has produced proprietary and transformative technologies which benefit society and accelerate the transition to a circular economy. The company is regularly ranked as Austria's top innovator in the European Patent Index and holds an extensive patent portfolio of around 8,900 granted patents. In Europe in particular, Borealis has for decades bolstered the industrial landscape by investing in its capital assets, and by providing thousands of jobs.

Innovations
Borealis uses technological innovation to add value to polyolefin-based applications, ensure that production processes are made more resource efficient, and to accelerate plastics circularity. Borstar®, the multi-modal proprietary technology for the manufacture of polyethylene (PE) and polypropylene (PP), has been a mainstay of Borealis success since the start-up of the first Borstar PE plant in Porvoo, Finland in 1995. Borstar has since been joined by other technology brands, like Borlink™, an innovation for the power cable industry; Borstar® Nextension Technology, an innovation that among other benefits facilitates the production of monomaterial applications designed for recycling; or the Borcycle™ M technology for mechanical recycling, which breathes new life into polyolefin-based, post-consumer waste, transforming it into applications with a lower carbon footprint.

Global Expansion
With the strong support of its two majority shareholders OMV (Austria) and The Abu Dhabi National Oil Company (ADNOC, UAE), Borealis continues to expand its global footprint. The joint venture Borouge, established in 1998 in the UAE, and listed on the Abu Dhabi Securities Exchange (ADX) since 2022, is one of the largest integrated polyolefin complexes. It is currently the site of the company’s largest-ever growth project: Borouge 4, the new USD 6.2 billion facility in Ruwais, which will serve customers in the Middle East and Asia. In North America, the Baystar™ joint venture, founded in 2017 and operated with partner TotalEnergies, entailed the construction of a new ethane cracker as well as the most advanced Borstar plant ever built outside of Europe. The PE Borstar 3G plant in Pasadena, Texas was started up in late 2023 and has brought Borstar to this continent for the first time. Borealis’ commitment to Europe as a production location is evidenced by the new, world-scale propane dehydrogenation (PDH) plant currently under construction at Borealis operations in Kallo, Belgium.

More information:
Borealis polyolefins Recycling
Source:

Borealis

01.03.2024

Re:NewCell’s bankruptcy application approved

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

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

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

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

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

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

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

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

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

More information:
Renewcell bankruptcy
Source:

Renewcell

01.03.2024

Autoneum: New Business Unit for Commercial Vehicles

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

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

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

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

More information:
Autoneum Automotive acoustic
Source:

Autoneum

(c) Premium Exhibitions GmbH
01.03.2024

SEEK and Berlin Fashion Week share dates

SEEK announces a new and earlier date for the upcoming Spring/Summer 2025 edition. SEEK will take place on the 2nd and 3rd of July 2024. The new platform, THE JUNCTION, connecting the neighboring UNION Showroom at Kühlaus will open its doors from the 30th of June until the 3rd of July. Berlin Fashion Week plans its shows, showrooms and events to take place from the 1st until the 4th of July. The 8th edition of the 202030 - The Berlin Fashion Summit will inform and animate on the same days as SEEK.

"The past few days we have had productive and most importantly very friendly conversations. The result: Your (the industry’s) wish is our command - for the first time Berlin Fashion Week, UNION showroom, 202030 - The Berlin Fashion Summit, THE JUNCTION and SEEK will take place at the same time. Together we want to activate: brands, stores and the city." Marie-Luise Patzelt, SEEK

SEEK announces a new and earlier date for the upcoming Spring/Summer 2025 edition. SEEK will take place on the 2nd and 3rd of July 2024. The new platform, THE JUNCTION, connecting the neighboring UNION Showroom at Kühlaus will open its doors from the 30th of June until the 3rd of July. Berlin Fashion Week plans its shows, showrooms and events to take place from the 1st until the 4th of July. The 8th edition of the 202030 - The Berlin Fashion Summit will inform and animate on the same days as SEEK.

"The past few days we have had productive and most importantly very friendly conversations. The result: Your (the industry’s) wish is our command - for the first time Berlin Fashion Week, UNION showroom, 202030 - The Berlin Fashion Summit, THE JUNCTION and SEEK will take place at the same time. Together we want to activate: brands, stores and the city." Marie-Luise Patzelt, SEEK

Source:

Premium Exhibitions GmbH

01.03.2024

AkzoNobel: New manufacturing plant in Pakistan

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

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

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

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

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

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

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

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

Source:

AkzoNobel

CARBIOS and Landbell Group: Collaboration for biorecycling plant (c) Landbell Group / CARBIOS
01.03.2024

CARBIOS and Landbell Group: Collaboration for biorecycling plant

CARBIOS and Landbell Group, a global operator of more than 40 producer responsibility organizations (PROs) and a provider of closed-loop recycling solutions, announce the signing of a non-binding Memorandum of Understanding for the sourcing, preparation and recycling of post-consumer PET waste using CARBIOS’ biorecycling technology at its first commercial plant in Longlaville from 2026.  

The partnership will leverage Landbell Group’s expertise and network in the sourcing of PET packaging and textile waste which will be prepared for biorecycling. Thanks to CARBIOS’ highly selective enzyme, less sorting and washing is required compared to current recycling technologies, offering future savings in energy and water use. From 2026, Landbell Group will supply CARBIOS with 15 kt/year of PET flakes, ensuring a steady supply chain for sustainable PET production. These flakes will serve as essential feedstock for CARBIOS’ production of food-grade PTA and MEG, further re-polymerized into PET.

CARBIOS and Landbell Group, a global operator of more than 40 producer responsibility organizations (PROs) and a provider of closed-loop recycling solutions, announce the signing of a non-binding Memorandum of Understanding for the sourcing, preparation and recycling of post-consumer PET waste using CARBIOS’ biorecycling technology at its first commercial plant in Longlaville from 2026.  

The partnership will leverage Landbell Group’s expertise and network in the sourcing of PET packaging and textile waste which will be prepared for biorecycling. Thanks to CARBIOS’ highly selective enzyme, less sorting and washing is required compared to current recycling technologies, offering future savings in energy and water use. From 2026, Landbell Group will supply CARBIOS with 15 kt/year of PET flakes, ensuring a steady supply chain for sustainable PET production. These flakes will serve as essential feedstock for CARBIOS’ production of food-grade PTA and MEG, further re-polymerized into PET.

Through the partnership with Landbell Group in Germany, the supply of multilayer trays through the CITEO tender in France  and the MoU with Indorama Ventures, CARBIOS will have sourced over 70% of its feedstock required for the 50kt/year capacity when its first commercial plant in Longlaville, France, will operate at full capacity. Close to the borders with Belgium, Germany and Luxembourg, the plant’s location is strategic for nearby waste supplies.

Through this partnership with CARBIOS, Landbell Group will ensure that the problematic PET fractions such as multilayered, colored and opaque trays from packaging waste and polyester textile waste are redirected towards recycling. In this way, Landbell Group strengthens its commitment to the development of recycling solutions to enable a circular economy.