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Re:claim project - school blazer
21.05.2024

A circular school blazer

Vision and technology are the key ingredients of a ground-breaking school blazer that is showing how businesses can move to a circular textiles economy.  
 
While many brands are grappling with the complexities of inevitable legislation and engrained business models, leading school uniform producer, David Luke, has launched a fully recyclable ‘circular’ school blazer that is designed to be recycled through Project Re:claim, the world’s first commercial-scale polyester recycling plant.
 
Project Re:claim is a joint venture between the UK’s largest charity textile collector, The Salvation Army, and leading circularity specialists Project Plan B. The plant opened in the UK in January 2024, and presents huge opportunities for brands to transition to textile-to-textile manufacturing models.
 

Vision and technology are the key ingredients of a ground-breaking school blazer that is showing how businesses can move to a circular textiles economy.  
 
While many brands are grappling with the complexities of inevitable legislation and engrained business models, leading school uniform producer, David Luke, has launched a fully recyclable ‘circular’ school blazer that is designed to be recycled through Project Re:claim, the world’s first commercial-scale polyester recycling plant.
 
Project Re:claim is a joint venture between the UK’s largest charity textile collector, The Salvation Army, and leading circularity specialists Project Plan B. The plant opened in the UK in January 2024, and presents huge opportunities for brands to transition to textile-to-textile manufacturing models.
 
David Luke’s circular blazer has been introduced to the brand’s successful Eco-uniform range which has sold over 1.7 million Eco-blazers in the last decade. Up until 2023, David Luke’s Eco-blazer, like many recycled garments, has been made from recycled plastic bottles. But the company has been working with Tim Cross, CEO of Project Plan B and the Circular Textiles Foundation, to bring the 100% recyclable blazer to market.
 
Tim Cross said: “David Luke has grasped the opportunity to embed 100% recyclable and 100% recycled garments into their range, starting with the school blazer. We now have the technology to enable their blazers to be recycled without any separation of the garment, making it an efficient recycling process. The team at David Luke has worked tirelessly with their manufacturers to create a blazer that does not compromise on design or quality, and yet is much kinder to the environment.”
 
Every detail from the lining, buttons and zips to the inter-linings and adhesives, has been re-thought and re-designed to meet the demands of an everyday school blazer and to recycle the garment once it reaches its end-of-life. Up until now, when the blazers have eventually been handed down to siblings, or given to the local charity shop, there had been no end-of-life solution for polyester garments apart from incineration. Now, Project Re:claim can recycle the blazer to produce polyester pellets, which are then spun into yarn to be used for future David Luke circular blazers.
 
Cross continues: “David Luke has the vision to create a fully circular range, and we have the potential to supply recycled content. The possibilities are infinite in terms of the future of garment design and manufacturing.”
 
Kathryn Shuttleworth, Chief Executive of David Luke, said: “It is a natural next step for us to transition to a textile-to-textile model. We have been producing garments using recycled plastic bottles for 15 years, but we have always had an eye on developments in textile recycling and solutions for end-of-life garments.”
 
In 2020, David Luke was awarded the Queen’s award for Enterprise for Sustainable Development and in January 2023 the David Luke circular blazer achieved Circular Foundation Textile certification.
 
Shuttleworth added: “Our focus will always be on those essential ingredients for parents and children - style, durability and affordability. But we have a responsibility to change our business model to better protect children’s future and the environment. It has become our obsession to make uniforms that meet our customers’ demands. We are really excited about the future as we continue to develop our range.”
 
Majonne Frost, Head of Environment and Sustainability for Salvation Army Trading Company, said: “Our vision is to enable companies to produce uniforms, corporate wear, fashion garments and textile ranges using recycled polyester.  We have the infrastructure to collect donations at scale and we now need companies to step up. This is an opportunity for companies to make a commitment to significantly reduce their environmental impact, and David Luke are showing us how that is possible.”

More information:
uniforms Re:claim
Source:

wearepr / Re:claim

15.05.2024

Indorama Ventures: 1Q24 Performance

  • Sales Volume rose 3% QoQ and 2% YoY to 3.55MT
  • Adjusted EBITDA of $366M, a rise of 32% QoQ and a decline of 2% YoY
  • Operating cash flows of $184M
  • Net Operating Debt to Equity of 1.12
  • Reported EPS of THB0.17

Indorama Ventures Public Company Limited (IVL) reported an improved quarterly performance as the prolonged destocking trend showed further signs of easing. During the quarter, the company progressed its IVL 2.0 evolved strategy to enhance earnings quality and transform its business to emerge stronger from the downturn in global chemical markets.

  • Sales Volume rose 3% QoQ and 2% YoY to 3.55MT
  • Adjusted EBITDA of $366M, a rise of 32% QoQ and a decline of 2% YoY
  • Operating cash flows of $184M
  • Net Operating Debt to Equity of 1.12
  • Reported EPS of THB0.17

Indorama Ventures Public Company Limited (IVL) reported an improved quarterly performance as the prolonged destocking trend showed further signs of easing. During the quarter, the company progressed its IVL 2.0 evolved strategy to enhance earnings quality and transform its business to emerge stronger from the downturn in global chemical markets.

Indorama Ventures’ reported Adjusted EBITDA1  of $366 million in 1Q24, a 32% increase QoQ and a 2% decline YoY. Sales volume grew 3% QoQ as the widespread customer destocking that sapped demand through 2023 shows signs of a gradual recovery across all sectors, partially offset by a winter freeze in the U.S. The result was supported by lower utilities costs in Europe, Red Sea-related supply chain disruptions that benefited the company’s import parity advantages, and favorable shale gas economics that bolstered profitability in the U.S.

Indorama Ventures expects the recovery in volumes to continue through 2024, albeit at a gradual pace as destocking normalizes and the approaching summer supports demand. However, the overall landscape for the global chemical industry remains challenging due to excess capacity builds, as well due to persistent inflation and high interest rates which weigh on industry spreads and continue to impair profitability, especially across the polyester value chain. Our HVA segment ‘Indovinya’ is progressing well into the second quarter post the easing of destocking and anticipating a healthy 2024.

The company’s experienced management remains intensely focused on managing costs, optimizing competitiveness, and maintaining high liquidity. Indorama Ventures’ diverse geographical footprint is a key advantage in the current low-margin environment, allowing its businesses to maintain their strong market premium, supported by protection from trade and non-trade barriers.

In 1Q, the company made headway with its IVL 2.0 three-year plan to leverage its global leadership position and forge a new era of opportunity amid significant structural changes in chemical markets. Under the evolved strategy, which the company outlined at its annual Capital Markets Day in March, Indorama Ventures is optimizing assets, reducing debt, and focusing on generating free cash flow to deliver enhanced shareholder returns. Today, 70% of the company's revenue has deployed the SAPS/4HANA ERP and is using the infrastructure to enhance digital procurement, sales excellence, and integration of supply chains across the business. The company believes these AI tools will improve productivity and costs, as well as release working capital in line with its modernization strategy.

As part of IVL 2.0, the company is optimizing 7 sites, including the ongoing evaluation of its PTA/PET operation in the Netherlands. It has also made significant progress in its program to refinance $1.1 billion of debt within the first half of 2024 to ensure ample liquidity. Recent capital raisings include a $255 million ‘Ninja loan’, a THB 10 billion debenture, a $100M bi-lateral loan, and this week’s successful close of a $500 million syndicated loan – achieved at lower-than-average spreads compared to previous issuances.

To unlock value, Indorama Ventures is preparing its packaging and surfactants businesses for IPOs. From 1Q24, the Indovinya segment (previously named ‘Integrated Oxides and Derivatives’) is focused on developing its attractive downstream surfactants operations as a separate segment. The segment’s Intermediate Chemicals business, consisting of shale base integrated Ethylene MEG, MTBE and merchant Purified EO assets, have been moved under the Combined PET (CPET) segment where they are a natural fit.

Segment Performances
In 1Q24, CPET segment (including Intermediate Chemicals) posted Adjusted EBITDA of $249 million, a 34% gain QoQ and 4% YoY as supply chain disruptions and a consequent spike in global ocean freight rates supported high prices and margins, and as Western markets benefited from lower energy costs. The Indovinya segment reported a stable Adjusted EBITDA of $70 million, impacted by the winter freeze in the U.S and a mini turnaround at a PO/PG plant. The Fibers segment achieved a remarkable 73% increase in Adjusted EBITDA to $39 million QoQ, and 2% YoY, as destocking waned across all three business verticals and drove an 8% QoQ increase in volume.

Source:

Indorama Ventures Public Company Limited

Coloreel expands into sewing Industry with Juki America (c) Coloreel
Torbjörn Bäck, Coloreel and Masanori Awasaki, Juki America
15.05.2024

Coloreel expands into sewing Industry with Juki America

Juki America and Coloreel revealed a partnership that will extend Coloreel’s thread dyeing technology to the sewing industry. With Coloreel, Juki sewing machines can now access millions of precise colors in real time.

Juki’s distributors will get exclusive rights to market and sell Coloreel for sewing machines within North and South America. The first official installation of Coloreel paired with a Juki sewing machine will be at FABRIC Incubator in Arizona, USA, a fashion incubator and garment manufacturer that supports up-and-coming designers.

Juki America and Coloreel revealed a partnership that will extend Coloreel’s thread dyeing technology to the sewing industry. With Coloreel, Juki sewing machines can now access millions of precise colors in real time.

Juki’s distributors will get exclusive rights to market and sell Coloreel for sewing machines within North and South America. The first official installation of Coloreel paired with a Juki sewing machine will be at FABRIC Incubator in Arizona, USA, a fashion incubator and garment manufacturer that supports up-and-coming designers.

Source:

Coloreel

13.05.2024

15-year anniversary of Global Fashion Summit in Copenhagen

Global Fashion Summit: Copenhagen Edition 2024 will take place on 22-23 May in the Copenhagen Concert Hall. Presented by Global Fashion Agenda (GFA), a non-profit organisation that is accelerating the transition to a net positive fashion industry, the 2024 edition with mark the Summit’s 15th anniversary and will bring together  leaders to drive urgent social and environmental progress.
 
Her Majesty The Queen of Denmark will attend the Summit on 22 May and provide Opening Remarks. The Queen first attended the inaugural Summit in 2009 and has since spoken at every edition of the Summit, demonstrating her dedication to a more sustainable future.
 
Under the central theme ‘Unlocking the Next Level’, over 100 other esteemed speakers will take to the Summit’s historic stages to share action-based insights, including executives from: Kering, Patagonia, Maersk, Brioni, Conservation International, The New York Times, Ralph Lauren Corporation, H&M Group, Ganni, WWF, Re&Up, Fair Labor Association, and more.
 

Global Fashion Summit: Copenhagen Edition 2024 will take place on 22-23 May in the Copenhagen Concert Hall. Presented by Global Fashion Agenda (GFA), a non-profit organisation that is accelerating the transition to a net positive fashion industry, the 2024 edition with mark the Summit’s 15th anniversary and will bring together  leaders to drive urgent social and environmental progress.
 
Her Majesty The Queen of Denmark will attend the Summit on 22 May and provide Opening Remarks. The Queen first attended the inaugural Summit in 2009 and has since spoken at every edition of the Summit, demonstrating her dedication to a more sustainable future.
 
Under the central theme ‘Unlocking the Next Level’, over 100 other esteemed speakers will take to the Summit’s historic stages to share action-based insights, including executives from: Kering, Patagonia, Maersk, Brioni, Conservation International, The New York Times, Ralph Lauren Corporation, H&M Group, Ganni, WWF, Re&Up, Fair Labor Association, and more.
 
With a 15-year foundation as a leading forum for sustainability in fashion, the event will attract over 1000 stakeholders from the fashion sector, adjacent industries, policymakers, solution providers, and more. The Summit’s programme will be structured around unlocking solutions to fashion’s biggest sustainability barriers, no matter where an organisation is on its sustainability journey. Sessions include: ‘Fragmented Futures: Fashion’s Policy Agenda’, ‘Luxury, Leather, and Land’, ‘Towards a Binding Agreement on Wages, ‘Pathways to Indigenous Partnership’, and ‘Ending Oversupply’.
 
Building on the impact of previous Summits, the 2024 edition will also host more action-oriented roundtable meetings. The closed-door sessions bring together groups of stakeholders to discuss relevant barriers, share learnings, and build collaborations to support the implementation of solutions. Roundtables will address topics such as: ‘Scaling Circular Textile Systems’, ‘Pay Equity Interventions in European Value Chains’, and ‘Impactful Influence’.
 
The Summit will also present the Innovation Forum, a curated exhibition of leading sustainable solutions. Summit attendees can meet with exhibitors covering the entire value chain – from innovative materials to end-of-use solutions.

Source:

Global Fashion Agenda (GFA)

08.05.2024

Lenzing: Revenue and earnings growth in first quarter of 2024

  • Revenue up 5.7 percent year-on-year to EUR 658.4 million
  • EBITDA more than doubles year-on-year to EUR 71.4 million
  • Free cash flow of EUR 87.3 million (compared with minus EUR 132.3 million in the first quarter of 2023) and thereby positive for the third consecutive quarter
  • Performance program shows positive effect on revenue, EDITDA, and free cash flow
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group, a leading supplier of regenerated cellulose for the textile and nonwovens industries, recorded a further improvement in fiber sales volumes in the first quarter of 2024. An expected recovery in markets relevant for Lenzing has to date failed to materialize. Fiber prices remained at a low level. Although the costs of raw materials and energy continued to decrease, they remained higher than in the pre-crisis 2019 year.

  • Revenue up 5.7 percent year-on-year to EUR 658.4 million
  • EBITDA more than doubles year-on-year to EUR 71.4 million
  • Free cash flow of EUR 87.3 million (compared with minus EUR 132.3 million in the first quarter of 2023) and thereby positive for the third consecutive quarter
  • Performance program shows positive effect on revenue, EDITDA, and free cash flow
  • Lenzing confirms EBITDA guidance for 2024

The Lenzing Group, a leading supplier of regenerated cellulose for the textile and nonwovens industries, recorded a further improvement in fiber sales volumes in the first quarter of 2024. An expected recovery in markets relevant for Lenzing has to date failed to materialize. Fiber prices remained at a low level. Although the costs of raw materials and energy continued to decrease, they remained higher than in the pre-crisis 2019 year.

Outlook
Even though the IMF has upgraded its growth forecast for 2024 from 3.1 percent to 3.2 percent, a number of risks remain for the global economy: potential geopolitical shocks, persistently higher inflation and key interest rates, as well as market risks emanating from the Chinese real estate market are currently considered to be the most relevant.

General inflation and falling incomes in real terms are continuing to exert a negative impact on consumer sentiment. A recovery in the consumer clothing market, which is important for Lenzing, will also depend on a further normalization of stock levels.

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

In the trend-setting market for cotton, a stable price trend is expected for the 2023/2024 harvest season.

Earnings visibility remains limited overall.

Revenue and earnings in the first quarter exceeded Lenzing’s expectations, despite the persistently difficult market. Lenzing is ahead of schedule with the implementation of its performance program. By appointing a separate Managing Board member, the projects identified to date are to be implemented even more rapidly, and new potentials are to be leveraged. Lenzing expects that these measures will increasingly contribute to further earnings improvement over the coming quarters compared to the first quarter of 2024.

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

In structural terms, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as the hygiene and medical sectors. As a consequence, Lenzing is well positioned with its “Better Growth” strategy and plans to continue driving growth with specialty fibers as well as its sustainability goals, including the transformation from a linear to a circular economy model.

Source:

Lenzing Group

08.05.2024

SGL Carbon: Report on first quarter of 2024

  • Continued growth in the semiconductor business
  • Weak demand for carbon fibers further impacts Group sales and profitability
  • Group sales down slightly at €272.6 million (-3.9%), adjusted EBITDA up 5.0% to €42.1 million
  • Adjusted EBITDA margin at 15.4% after 14.1% in the same quarter of the previous year
  • Outlook for 2024 confirmed

SGL Carbon had a solid start to the first quarter of 2024. Despite the slight decline in sales of 3.9% to €272.6 million (Q1 2023: €283.7 million), adjusted EBITDA improved by 5.0% to € 42.1 million (Q1 2023: € 40.1 million). Weak demand in the Carbon Fibers business unit in particular have a negative impact on the Group's sales and earnings performance. By contrast, slightly higher sales and, especially, the increase in adjusted EBITDA in the Graphite Solutions and Process Technology business units had a positive effect on the Group's performance.

  • Continued growth in the semiconductor business
  • Weak demand for carbon fibers further impacts Group sales and profitability
  • Group sales down slightly at €272.6 million (-3.9%), adjusted EBITDA up 5.0% to €42.1 million
  • Adjusted EBITDA margin at 15.4% after 14.1% in the same quarter of the previous year
  • Outlook for 2024 confirmed

SGL Carbon had a solid start to the first quarter of 2024. Despite the slight decline in sales of 3.9% to €272.6 million (Q1 2023: €283.7 million), adjusted EBITDA improved by 5.0% to € 42.1 million (Q1 2023: € 40.1 million). Weak demand in the Carbon Fibers business unit in particular have a negative impact on the Group's sales and earnings performance. By contrast, slightly higher sales and, especially, the increase in adjusted EBITDA in the Graphite Solutions and Process Technology business units had a positive effect on the Group's performance.

Outlook
In line with the course of business in the first three months of 2024, the company confirms its sales and earnings outlook for the 2024 financial year. Consolidated sales for the 2024 financial year are expected to be at the previous year's level and adjusted EBITDA between €160 million and €170 million.

Source:

SGL CARBON SE

06.05.2024

GOTS releases new rules and tools

  • GOTS Version 7.0 released
  • GOTS certified entities grow by 8% and expand to 89 countries
  • GOTS releases Due Diligence Handbook for certified entities
  • Farm-Gin Registry implemented in India, creating a direct link and better evaluation of incoming data
  • GOTS collaborates with European Space Agency and Marple for AI organic cotton project
  • #Behindtheseams campaign reaches 21 million+ unique individuals

The Global Organic Textile Standard (GOTS), managed by non-profit Global Standard, recognises 2023 as a year of significant milestones. From expansion of GOTS-certified facilities to the release of a new standard version, GOTS remained a beacon for businesses navigating changing legislation, social and environmental demands.

Coming out of one of the strongest years for GOTS, 2023 culminated with 25 GOTS-approved certification bodies reporting a noteworthy 14,676 certified facilities (an 8% growth from 2022) in 89 countries.

  • GOTS Version 7.0 released
  • GOTS certified entities grow by 8% and expand to 89 countries
  • GOTS releases Due Diligence Handbook for certified entities
  • Farm-Gin Registry implemented in India, creating a direct link and better evaluation of incoming data
  • GOTS collaborates with European Space Agency and Marple for AI organic cotton project
  • #Behindtheseams campaign reaches 21 million+ unique individuals

The Global Organic Textile Standard (GOTS), managed by non-profit Global Standard, recognises 2023 as a year of significant milestones. From expansion of GOTS-certified facilities to the release of a new standard version, GOTS remained a beacon for businesses navigating changing legislation, social and environmental demands.

Coming out of one of the strongest years for GOTS, 2023 culminated with 25 GOTS-approved certification bodies reporting a noteworthy 14,676 certified facilities (an 8% growth from 2022) in 89 countries.

Ushering in GOTS Version 7.0
As of 1 March, facilities that become GOTS-certified will operate under the new GOTS Version 7.0, released in March 2023 with a one-year transition period. GOTS Version 7.0 and its accompanying Implementation Manual provides a comprehensive solution for companies who want to produce organic textiles and be supported to ensure compliance with environmental and human rights due diligence along the entire value chain, from field to finished product.

GOTS Version 7.0 also introduced a six-step due diligence process and handbook that equips GOTS-certified operations to proactively identify, assess and mitigate adverse impacts throughout their value chains.

Looking to the future
GOTS initiated in 2023 two major projects in India, the globe’s largest producer of organic cotton. The Farm-Gin Registry was introduced for the 2022-2023 harvest season, which acts as a link between farm and gin and is a tool to strengthen integrity by collecting organic raw seed cotton data producing farm or farm group.

GOTS, the European Space Agency (ESA) and software company Marple launched a new project that aims to show the potential for remote satellite monitoring of organic cotton cultivation systems. The project trained artificial intelligence (AI) to use ESA satellite data to detect cotton fields across India and automatically classify them according to their cultivation standard. By integrating standardised yield metrics, this innovative approach will enable GOTS to generate realistic estimates of organic cotton yields in specific areas. In addition, the project is expected to empower GOTS to recognise cotton fields that have not yet obtained organic certification but possess the potential for a transition to organic cultivation. The first results of the project will be announced in June.

Educating the consumer
GOTS, in its ongoing commitment to stakeholder education, orchestrated in November an immersive 360-degree awareness and educational campaign. Successfully engaging both consumers and industry professionals, the initiative shined a spotlight on GOTS-certified companies and their products, which empowered consumers to make more conscientious choices while shopping. With an impressive turnout of over 250 certified entities, the campaign made a significant global impact, reaching more than 21 million unique individuals worldwide.

Source:

Global Standard gGmbH

06.05.2024

Lenzing: Outstanding results for social sustainability

The Lenzing Group has achieved outstanding results in the Higg Facility Social & Labor Module (FSLM) certification for five of its production sites. This involved measuring the social impact of production in areas such as wages, working hours, health and safety and treatment of employees.

One of Lenzing's key sustainability goals is to obtain a valid, independently audited and accredited social standard certificate for each of the Lenzing Group's production sites by 2024. This goal is pursued through the Higg Facility Social & Labor Module (Higg FSLM), which assesses social and labor-related conditions. In 2023, more than 7,200 companies worldwide underwent this audit, with Lenzing's result placing it in the top 25 percent of all verified Higg FSLM facilities.

The Lenzing Group has achieved outstanding results in the Higg Facility Social & Labor Module (FSLM) certification for five of its production sites. This involved measuring the social impact of production in areas such as wages, working hours, health and safety and treatment of employees.

One of Lenzing's key sustainability goals is to obtain a valid, independently audited and accredited social standard certificate for each of the Lenzing Group's production sites by 2024. This goal is pursued through the Higg Facility Social & Labor Module (Higg FSLM), which assesses social and labor-related conditions. In 2023, more than 7,200 companies worldwide underwent this audit, with Lenzing's result placing it in the top 25 percent of all verified Higg FSLM facilities.

A recent study by the Society for Applied Economic Research in Innsbruck (Austria)1 emphasises Lenzing's responsibility as an important employer. The Lenzing Group creates a total of 25,292 jobs in the five countries in which it operates production facilities. This figure includes not only employees, but also indirect jobs - because every direct job created creates more than two additional indirect jobs in other sectors of the economy.

1 GAW Wirtschaftsforschung: Economic and Regional Importance of the Lenzing Group in 2023; March 2024

Source:

Lenzing Group

(c) Cascale
06.05.2024

Cascale announces new CEO

Cascale, a non-profit alliance for driving impact in consumer goods (formerly the Sustainable Apparel Coalition), announces Colin Browne as its new Chief Executive Officer, effective May 1, 2024.

Browne previously served as Interim CEO and Chief Operating Officer of Under Armour, a Cascale member. During his tenure at Under Armour, Browne oversaw sustainability efforts and, in addition, led significant transformations across supply chain, go-to-market and technology. In 2023, the company shared achievements related to its environmental footprint, product circularity, and renewable energy goals – some accomplished with Cascale’s Higg Index suite of tools.

Cascale, a non-profit alliance for driving impact in consumer goods (formerly the Sustainable Apparel Coalition), announces Colin Browne as its new Chief Executive Officer, effective May 1, 2024.

Browne previously served as Interim CEO and Chief Operating Officer of Under Armour, a Cascale member. During his tenure at Under Armour, Browne oversaw sustainability efforts and, in addition, led significant transformations across supply chain, go-to-market and technology. In 2023, the company shared achievements related to its environmental footprint, product circularity, and renewable energy goals – some accomplished with Cascale’s Higg Index suite of tools.

Prior to joining Under Armour, Browne was managing director of Asia Sourcing for VF Corporation, a Cascale member that includes The North Face, Timberland, Vans, and Smartwool brands. In addition to his experience leading brands, Browne also spent four years running manufacturing plants in Thailand and began his career at Bally Shoe factories in the UK. He has lived and worked in the UK, South Korea, mainland China, the Philippines, Thailand, Hong Kong SAR, and the USA; his international experience and localized approach underscore his commitment to Diversity, Equity, and Inclusion (DEI) both in and outside of the workplace. Browne also served as the Chairman of the American Apparel and Footwear Association and was on the board of the World Federation of Sporting Goods Industries. As a member of the Worldly Board, the leader in environmental and social impact data for the apparel and footwear industry and the exclusive platform for Cascale’s Higg Index tools, Browne will ensure a unified approach to advancing sustainability initiatives across both organizations.

During his first 100 days with Cascale, Browne will connect with the organization’s 300+ members across the value chain, emphasizing manufacturer engagement and relationship building. He will also engage Cascale’s broader ecosystem of stakeholders including NGOs, governments, and academia. Browne is personally committed to Cascale’s vision to lead the consumer goods industry to combat climate change, foster decent work for all, and build a nature-positive future.

Source:

Cascale

Walter Reiners Foundation awards Six Young Engineers (c) VDMA
Anna Markic, Mark Zenzinger, Lena Fink, Peter D. Dornier, Fabio Bußmann, Katharina Maria Ernst, Lennart Hellwig, Dr. Harald Weber
03.05.2024

Walter Reiners Foundation awards Six Young Engineers

At the Techtextil trade fair in Frankfurt, the Chairman of the Walter Reiners Foundation of the VDMA, Peter D. Dornier, presented awards to six successful young engineers. Promotion and sustainability prizes were awarded in the categories bachelor/project theses and diploma/master theses. Academic theses in which, for example, solutions for resource-saving products and technologies are developed are eligible for the sustainability prizes.

The Walter Reiners Foundation awarded Anna Markic a sustainability prize worth 3,000 euros in the Bachelor's category. The topic of her thesis, written at Reutlingen University, was the recycling of carbon fibres.

Mark Zenzinger, Albstadt-Sigmaringen University, received a 3,000 euro promotion award in the Bachelor's category. His topic was the automation of the process chain for the production of welded textile hard goods.
 
Lena Fink from the TU Dresden received another promotion award worth 3,000 euros. Her construction engineering project work focused on a device to simplify the maintenance of braiding machines.

At the Techtextil trade fair in Frankfurt, the Chairman of the Walter Reiners Foundation of the VDMA, Peter D. Dornier, presented awards to six successful young engineers. Promotion and sustainability prizes were awarded in the categories bachelor/project theses and diploma/master theses. Academic theses in which, for example, solutions for resource-saving products and technologies are developed are eligible for the sustainability prizes.

The Walter Reiners Foundation awarded Anna Markic a sustainability prize worth 3,000 euros in the Bachelor's category. The topic of her thesis, written at Reutlingen University, was the recycling of carbon fibres.

Mark Zenzinger, Albstadt-Sigmaringen University, received a 3,000 euro promotion award in the Bachelor's category. His topic was the automation of the process chain for the production of welded textile hard goods.
 
Lena Fink from the TU Dresden received another promotion award worth 3,000 euros. Her construction engineering project work focused on a device to simplify the maintenance of braiding machines.

Fabio Bussmann from RWTH Aachen was awarded a promotion prize in the Master's category, worth 3,500 euros. In his thesis, he analysed the life cycle assessments of alternative semi-finished products for geotextiles.

Katharina Maria Ernst, TU Dresden, was honoured with a sustainability prize of 3,500 euros in the Master's category. Her work focused on the development of a suitable process for the treatment of chitosan fibres as an alternative starting product in the production of carbon fibres.

Lennart Hellwig, RWTH Aachen University, was awarded a 3,500 euro prize in the Master's category. He focused on the topic of machine learning using the example of a nonwovens plant.

Source:

VDMA e. V

03.05.2024

adidas: Results for first quarter of 2024

Major developments:

Major developments:

  • Currency-neutral sales up 8% driven by growth in all regions except North America
  • Double-digit DTC growth reflects strong adidas sell-through
  • Gross margin improves 6.4pp to 51.2%, reflecting healthier inventory levels, reduced discounting, lower sourcing costs and a more favorable business mix
  • Operating profit of € 336 million compared to € 60 million in the prior-year period
  • Inventories down more than € 1.2 billion versus the prior year to € 4.4 billion
  • Top- and bottom-line guidance upgraded on April 16 due to successful start to the year

Full-year outlook
adidas expects revenues to increase at a mid- to high-single-digit rate in 2024

On April 16, adidas upgraded its full-year financial guidance as a result of the better-than-expected performance in the first quarter. adidas now expects currency-neutral revenues to increase at a mid- to high-single-digit rate in 2024 (previously: increase at a mid-single-digit rate). Within this guidance, it is assumed that the remaining Yeezy inventory will be sold on average at cost, resulting in sales of around € 200 million throughout the remainder of the year. This corresponds to a projected total amount of Yeezy-related sales of around € 350 million in FY 2024 (previously: around € 250 million), of which around € 150 million were generated in the first quarter. For its underlying business, adidas remains focused on scaling its successful franchises, introducing new ones, and leveraging its significantly better, broader, and deeper product range. Improved retailer relationships, more impactful marketing initiatives, and the company’s activities around major sports events are also expected to contribute to sales increases throughout 2024.

Outlook impacted by significant currency headwinds
Unfavorable currency effects are projected to weigh significantly on the company’s profitability in 2024. They are expected to continue to adversely impact both reported revenues and the gross margin development in the remainder of the year.

Operating profit of around € 700 million projected
Following the better-than-expected performance in the first quarter, the company also increased its full-year profit guidance on April 16. The company’s operating profit is now expected to reach a level of around € 700 million (previously: to reach a level of around € 500 million). The improved bottom-line guidance includes a contribution of around € 50 million from Yeezy (previously: no Yeezy contribution) related to the drop in Q1. The sale of the remaining Yeezy inventory is assumed to result in no further profit contribution during the remainder of the year.

 

 

Source:

adidas AG

Texworld Apparel Sourcing Paris taking place in July (c) Messe Frankfurt France
29.04.2024

Texworld Apparel Sourcing Paris taking place in July

Texworld Apparel Sourcing Paris opens its doors from 1 to 3 July at Paris Expo Porte de Versailles. More than a thousand exhibitors from the world's major sourcing countries will be offering inspirational sources for building collections for 2025-2026. This season's show will focus on suppliers of innovative products and solutions for high-performance and sustainable fashion.

Yarn in the spotlight
Taking us further upstream in the industry and for the first time at the Parisian trade shows, a pavilion featuring yarn producers will be found at the exhibition. Co-organised with Yarn Expo, a Shanghai show in the Messe Frankfurt galaxy, this dedicated pavilion will feature companies from China, India, Pakistan and Taiwan.

Texworld Apparel Sourcing Paris opens its doors from 1 to 3 July at Paris Expo Porte de Versailles. More than a thousand exhibitors from the world's major sourcing countries will be offering inspirational sources for building collections for 2025-2026. This season's show will focus on suppliers of innovative products and solutions for high-performance and sustainable fashion.

Yarn in the spotlight
Taking us further upstream in the industry and for the first time at the Parisian trade shows, a pavilion featuring yarn producers will be found at the exhibition. Co-organised with Yarn Expo, a Shanghai show in the Messe Frankfurt galaxy, this dedicated pavilion will feature companies from China, India, Pakistan and Taiwan.

A Leather trends area at Leatherworld, partnerships at Avantex
As in previous summers, this season’s show will bring together all the different aspects of Texworld Apparel Sourcing Paris. Leatherworld, the platform dedicated to leather sourcing, is announcing the return of a South African pavilion. This area will also host a Leather Trends area created and run by Italian publisher Edizioni AF, a specialist in the leather industry. Particular attention will be paid to the design processes and choice of materials used by Italian accessories and footwear manufacturers.

A number of new features are also expected in the Avantex innovations area: Partnerships with the IFA Paris fashion design school, the TCBL association and the TUV Rheinland certification body, which will showcase  solutions in sustainable fashion and textiles, and provide an opportunity to discuss these issues at expert round tables.

Furthermore, the fair will be showcasing Texpertise Econogy, the sustainable economy approach developed by the international Messe Frankfurt group to guide visitors in their sourcing choices. Following its launch in February, the upcoming event will continue to promote sustainability with a number of features and provide a platform for green pioneers.

Source:

Messe Frankfurt France

29.04.2024

NCTO elects new Chairman and Vice Chairman

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, held its officer elections for fiscal year 2024 at its annual meeting April 9-11.
NCTO has elected Charles Heilig, President of Parkdale Mills, as Chairman; and Chuck Hall, President and CEO of Barnet, as Vice Chairman.

In addition to the appointment of a new chairman and vice chairman, NCTO elected chairs for each of its five councils. NCTO is comprised of five councils to ensure a broad representation of the industry supply chain. Each council has an allotted number of members who are elected to the association’s Board of Directors, in addition to the Executive Committee.

Elected as NCTO Chairman and Vice Chairman for 2024:

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, held its officer elections for fiscal year 2024 at its annual meeting April 9-11.
NCTO has elected Charles Heilig, President of Parkdale Mills, as Chairman; and Chuck Hall, President and CEO of Barnet, as Vice Chairman.

In addition to the appointment of a new chairman and vice chairman, NCTO elected chairs for each of its five councils. NCTO is comprised of five councils to ensure a broad representation of the industry supply chain. Each council has an allotted number of members who are elected to the association’s Board of Directors, in addition to the Executive Committee.

Elected as NCTO Chairman and Vice Chairman for 2024:

  • Chairman – Charles Heilig, President of Parkdale Mills based in Gastonia, North Carolina, a leading American manufacturer of yarn and cotton consumer products.
  • Vice Chairman – Chuck Hall, President and CEO of Barnet based in Spartanburg, South Carolina, a 125-year-old manufacturer of technical textiles.

Elected to the NCTO Board of Directors:

  • Fiber Council – David Adkins of Lenzing; John Freeman of Nan Ya Plastics; and Melissa Stewart of The LYCRA Company
  • Yarn Council – Justin Ferdinand of Kentwool; Peter Iliopoulos of Gildan; Eddie Ingle of Unifi; Eric Noe of Buhler Quality Yarns; Marvin Smith of Shuford Yarns; and Jay Todd of Service Thread
  • Fabric and Home Products Council – David Smith of Milliken & Company; James McKinnon of Cotswold Industries; Blake Millinor of Valdese Weavers; Leib Oehmig of Glen Raven; Dan Russian of Sage Automotive Interiors; and Walter Spiegel of Standard Textile
  • Finished Textiles and Apparel Products Council – Marisa Fumei-South of Two-One-Two New York (Alternate: Gabrielle Ferrara of Ferrara Manufacturing)
  • Industry Support Council – Todd Bassett of Fi-Tech; Greg Duncan of American Truetzschler; and Jim Reed of YKK Corp.

Elected by their respective Councils to serve on the Executive Committee:
David Adkins, Lenzing; Eddie Ingle, Unifi; Marvin Smith, Shuford Yarns; David Smith, Milliken & Company; James McKinnon, Cotswold Industries; Marisa Fumei-South, Two-One-Two New York; Gabrielle Ferrara, Ferrara Manufacturing; and Todd Bassett, Fi-Tech.

NCTO Chairman Charles Heilig has elected additional executives to serve on the Executive Committee: Anderson Warlick of Parkdale Mills; Norman Chapman of Inman Mills; John Maness of Gildan; Amy Bircher Bruyn of MMI Textiles; and Jackie Ferrari of American Fashion Network.

Elected to chair the Councils:

  • Fiber Council: David Adkins of Lenzing
  • Yarn Council: Justin Ferdinand of Kentwool
  • Fabric and Home Products Council: David Smith of Milliken & Company
  • Finished Textiles and Apparel Products Council: Marisa Fumei-South of Two-One-Two New York.
  • Industry Support Council: Todd Bassett of Fi-Tech
Source:

National Council of Textile Organizations

26.04.2024

AkzoNobel: Results of Q1 2024

Highlights Q1 2024 (compared with Q1 2023)

  • Organic sales up 2%, driven by volume growth in both Paints and Coatings; revenue down 1%
  • Operating income improved to €261 million (2023: €182 million)
  • Adjusted EBITDA €363 million (2023: €305 million), adjusted EBITDA margin 13.8% (2023: 11.5%)
  • Net cash from operating activities negative €170 million (2023: negative €50 million)

2024 Outlook
Based on current market conditions and constant currencies, AkzoNobel targets to deliver between €1.5 and €1.65 billion adjusted EBITDA in 2024, while reducing its leverage to around 2.3 times net debt/EBITDA by the end of the year.

Highlights Q1 2024 (compared with Q1 2023)

  • Organic sales up 2%, driven by volume growth in both Paints and Coatings; revenue down 1%
  • Operating income improved to €261 million (2023: €182 million)
  • Adjusted EBITDA €363 million (2023: €305 million), adjusted EBITDA margin 13.8% (2023: 11.5%)
  • Net cash from operating activities negative €170 million (2023: negative €50 million)

2024 Outlook
Based on current market conditions and constant currencies, AkzoNobel targets to deliver between €1.5 and €1.65 billion adjusted EBITDA in 2024, while reducing its leverage to around 2.3 times net debt/EBITDA by the end of the year.

More information:
AkzoNobel financial year 2024
Source:

AkzoNobel

CARBIOS: Groundbreaking of PET biorecycling plant (c) CARBIOS
26.04.2024

CARBIOS: Groundbreaking of PET biorecycling plant

CARBIOS celebrated the groundbreaking ceremony for its PET biorecycling plant in the presence of representatives of local authorities, partner brands and industrial partners who all make up CARBIOS’ ecosystem. Located in Longlaville, in the Grand-Est region of France, CARBIOS' first commercial plant will play a key role in the fight against plastic pollution, offering an industrial-scale solution for the enzymatic depolymerization of PET waste in order to accelerate a circular economy for plastic and textiles. The plant will have a processing capacity of 50kt/year of prepared waste when operating at full capacity. Work is progressing on schedule with significant quantities delivered to customers in 2026.

CARBIOS celebrated the groundbreaking ceremony for its PET biorecycling plant in the presence of representatives of local authorities, partner brands and industrial partners who all make up CARBIOS’ ecosystem. Located in Longlaville, in the Grand-Est region of France, CARBIOS' first commercial plant will play a key role in the fight against plastic pollution, offering an industrial-scale solution for the enzymatic depolymerization of PET waste in order to accelerate a circular economy for plastic and textiles. The plant will have a processing capacity of 50kt/year of prepared waste when operating at full capacity. Work is progressing on schedule with significant quantities delivered to customers in 2026.

CARBIOS' technology enables PET circularity and provides an alternative raw material to fossil-based monomers, giving PET producers, waste management companies, public bodies and brands an effective solution to meet regulatory requirements and their own commitments to sustainable development. The plant will have the capacity to process 50,000 tons of prepared PET waste per year (equivalent to 2 billion colored bottles, 2.5 billion food trays or 300 million T-shirts). The plant will create 150 direct and indirect jobs in the region. In October 2023, CARBIOS obtained the building and operating permits for the site. The factory is currently under construction on land officially acquired from Indorama Ventures on 14 February 2024. In February 2024, CARBIOS and De Smet Engineers & Contractors (DSEC) announced their collaboration to manage construction. Several feedstock supply agreements, notably with CITEO and Landbell Group, will secure the vast majority of the raw materials required.  Close to the borders with Belgium, Germany and Luxembourg, the plant's location is strategic for access to nearby waste supplies

More information:
Carbios France PET recycling
Source:

CARBIOS

Baldwin Technology's TexCoat™ G4 system Photo Baldwin Technology
Baldwin Technology's TexCoat™ G4 system
25.04.2024

NC State’s Wilson College of Textiles: Transformative Digital Finishing Technology

North Carolina State University’s Wilson College of Textiles has been making inroads challenging the conventional pad finishing process and significantly reducing its environmental footprint in collaboration with Baldwin Technology Inc. Front and center in its finishing lab is Baldwin’s TexCoat G4™ digital finishing system.
 
For nearly 125 years, the Wilson College of Textiles has been a hub of innovation and learning, transforming students into experts in the world of textiles. As the textile industry grapples with sustainability challenges, the college has embraced new technologies and innovations to address the issue head-on.
 
At the forefront of this transformation is the Zeis Textiles Extension for Economic Development, an arm of Wilson College which serves the textile industry’s prototyping and pilot production needs in its five laboratories – spun yarn, knitting, weaving, dyeing and finishing, and physical testing. Collaborations with various textile companies have allowed the university to foster industry partnerships that bring forth groundbreaking ideas.
 

North Carolina State University’s Wilson College of Textiles has been making inroads challenging the conventional pad finishing process and significantly reducing its environmental footprint in collaboration with Baldwin Technology Inc. Front and center in its finishing lab is Baldwin’s TexCoat G4™ digital finishing system.
 
For nearly 125 years, the Wilson College of Textiles has been a hub of innovation and learning, transforming students into experts in the world of textiles. As the textile industry grapples with sustainability challenges, the college has embraced new technologies and innovations to address the issue head-on.
 
At the forefront of this transformation is the Zeis Textiles Extension for Economic Development, an arm of Wilson College which serves the textile industry’s prototyping and pilot production needs in its five laboratories – spun yarn, knitting, weaving, dyeing and finishing, and physical testing. Collaborations with various textile companies have allowed the university to foster industry partnerships that bring forth groundbreaking ideas.
 
The partnership with Baldwin Technology marks a major milestone for the Raleigh, North Carolina-based college’s efforts to contribute to a more sustainable tomorrow.
 
To tackle the longstanding challenges of unsustainable fashion, NC State has taken the lead in demonstrating to students and industry the transition from the traditional pad finishing process to Baldwin’s TexCoat™ G4 system. It offers an innovative “non-contact” precision spray that significantly reduces water consumption, energy usage and chemical waste.
 
“Instead of needing to take the fabric, dip it into a bath to saturate it, squeeze the excess, dry and cure it, you can now precisely add the exact amount of finish you need on the fabric,” explained Rick Stanford, Baldwin's VP Global Business Development of Textiles. “The TexCoat™ G4 system will reduce the amount of pick-up that’s required to carry the chemical onto the fabric. This will also take a lot less energy to dry the fabric, increasing production speeds.”
 
The adoption of the TexCoat™ G4 system signals a new era for the college, allowing students to actively participate in shaping a sustainable future for the textiles industry. In the global effort to protect the planet and its resources, NC State's Wilson College of Textiles is at the forefront, preparing the next generation of professionals to be the leaders of the sustainable textile movement.

Source:

NC State’s Wilson College of Textiles

(c) TradeBeyond
24.04.2024

TradeBeyond: AI-Powered Supply Chain Traceability Tools

TradeBeyond has announced an advancement in its traceability solution through the integration of artificial intelligence. This upgrade allows global brands and retailers to improve visibility and reduce risks in their supply chains.

TradeBeyond's latest platform enhancements incorporate artificial intelligence to automate documentary verification and document chain of custody. These improvements bolster efficiency, security, and reliability. Advanced AI verifies the authenticity and integrity of products, tracing their journey from raw materials to production and delivery in compliance with increasing ESG regulations and standards.

TradeBeyond’s enhanced traceability solution leverages AI to automatically scan all documents, including orders, invoices, bills of lading, and shipping advices. It compiles the chain of custody documentation and checks critical product and shipment documents against multiple databases of blacklisted entities for potential compliance risks. The AI also identifies gaps or missing documentation, alerting businesses and suppliers for resolution before shipping.

TradeBeyond has announced an advancement in its traceability solution through the integration of artificial intelligence. This upgrade allows global brands and retailers to improve visibility and reduce risks in their supply chains.

TradeBeyond's latest platform enhancements incorporate artificial intelligence to automate documentary verification and document chain of custody. These improvements bolster efficiency, security, and reliability. Advanced AI verifies the authenticity and integrity of products, tracing their journey from raw materials to production and delivery in compliance with increasing ESG regulations and standards.

TradeBeyond’s enhanced traceability solution leverages AI to automatically scan all documents, including orders, invoices, bills of lading, and shipping advices. It compiles the chain of custody documentation and checks critical product and shipment documents against multiple databases of blacklisted entities for potential compliance risks. The AI also identifies gaps or missing documentation, alerting businesses and suppliers for resolution before shipping.

Recent global supply chain due diligence laws, including the Uyghur Forced Labor Prevention Act and others, have placed stringent requirements on brands and retailers to provide their goods' chain of custody. TradeBeyond’s AI simplifies compliance with these laws, while increasing the data accuracy, visibility, and transparency necessary for sustainable sourcing.

 

Source:

TradeBeyond

German Design Award 2025: International Call for Entries (c) German Design Council Foundation
24.04.2024

German Design Award 2025: International Call for Entries

Companies, designers, architects and agencies worldwide are now invited to submit their products and projects for the German Design Awards 2025. The German Design Awards by the German Design Council honours projects that are pioneering in the German and international design landscape and highlights positive developments in circular design. The award not only makes success visible, but also opens up a network, international reach and additional market opportunities for the award winners. Application deadline is 6 September 2024.
 

Companies, designers, architects and agencies worldwide are now invited to submit their products and projects for the German Design Awards 2025. The German Design Awards by the German Design Council honours projects that are pioneering in the German and international design landscape and highlights positive developments in circular design. The award not only makes success visible, but also opens up a network, international reach and additional market opportunities for the award winners. Application deadline is 6 September 2024.
 
Whether digitalisation, AI or circular design - the German Design Award platform reveals the contribution that design can make to the sustainable transformation of the economy. Now more than ever, outstanding design can provide answers to the challenges of our time, focussing on the impact of products and services on the planet and our society - through multi-perspective approaches, sustainable and circular design processes or resource- and environmentally friendly production. The German Design Award has set itself the goal of promoting the diverse transformation tasks of our time through design and providing orientation for others through outstanding examples.

Focus on circular design
Starting this year, companies and designers can submit their projects in an additional category called "Circular Design". This category recognises particularly innovative solutions that implement the current objectives of the circular economy and provide inspiring impulses.

The  international jury of the German Design Awards honours these pioneering design achievements in three main categories: "Excellent Product Design", "Excellent Communications Design" and "Excellent Architecture".

New category
To visualise pioneering developments in architecture through the influence of artificial intelligence and digital design methods, designers and developers can submit projects, service designs and virtual architectures in the "AI in Architecture and Metaverse Space Design" category from this year onwards.

Access to the American market
The German Design Council has entered into an exclusive TV partnership with CBS/Paramount's new US documentary series Europe ByDesign, offering German Design Award winners far-reaching opportunities to position themselves on the US market. You can present your work in the next season of Europe ByDesign, which will be broadcasted in prime time on CBS in the USA as well as streamed worldwide.
 
Important dates at a glance

  • Call for entries: 23 April 2024
  • Register at the Early Bird price: until 21 June 2024
  • Deadline for grant applications: 30 August 2024
  • Registration deadline: 6 September 2024
  • Jury meeting: 26 and 27 September 2024
  • Awards Show: Beginning of February 2025
Source:

German Design Council Foundation - Rat für Formgebung

24.04.2024

NCTO welcomes appointment of new Chief Textiles and Apparel Negotiator

National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement welcoming the appointment of Katherine White as Chief Textiles and Apparel Negotiator for the U.S. Trade Representative’s Office (USTR).

“Katherine White is an excellent choice for the critical position of Chief Textiles and Apparel Negotiator. We are also grateful to U.S. Trade Representative Ambassador Katherine Tai for elevating this position back to a political appointee role, which is historically how it has been designated.

Katherine comes to this position with an outstanding resume, including a strong knowledge base and expertise in manufacturing policy and on textile-related trade issues, having worked most recently as an International Trade Policy Advisor on the House Ways and Means Committee, and prior to that, at the U.S. Department of Commerce and the White House.

National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement welcoming the appointment of Katherine White as Chief Textiles and Apparel Negotiator for the U.S. Trade Representative’s Office (USTR).

“Katherine White is an excellent choice for the critical position of Chief Textiles and Apparel Negotiator. We are also grateful to U.S. Trade Representative Ambassador Katherine Tai for elevating this position back to a political appointee role, which is historically how it has been designated.

Katherine comes to this position with an outstanding resume, including a strong knowledge base and expertise in manufacturing policy and on textile-related trade issues, having worked most recently as an International Trade Policy Advisor on the House Ways and Means Committee, and prior to that, at the U.S. Department of Commerce and the White House.

Given the prominence of both the agency and her political appointment, we know she will play a highly instrumental role in shaping policy impacting our industry. She is a fantastic choice.  We thank Ambassador Tai for the redesignation of this critical office and her support for our textile industry and its workforce. We also sincerely thank Dr. Laurie-Ann Agama for her service in the role through this transition.

We could not be more delighted to work with Katherine in her new capacity and look forward to coordinating with her on manufacturing and worker-centered trade policy that will help bolster the vital domestic textile sector.”

Source:

National Council of Textile Organizations (NCTO)