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protective suit (c) Hohenstein
16.05.2023

Hohenstein certifies protective clothing and gloves against chemicals and infectious agents

Since April 2023, the testing service provider Hohenstein has been testing and certifying in two new areas in the field of protective clothing: protective suits and gloves against chemicals and infectious agents. These are covered by Regulation (EU) 2016/425 and are therefore personal protective equipment (PPE).

Protective clothing against infectious agents is used in many types of work: for example, work at sewage plants, waste disposal, animal care, disposal of hazardous waste from hospitals, etc. Workers are exposed to unknown infectious agents (microorganisms, parasites). The protective clothing should protect wearers from the mediums in which the microorganisms are contained, such as liquids, aerosols or solid dust particles.

Hohenstein tests and certifies the following types:

  • EN 14605: Protective clothing against liquid chemicals: Liquid-tight (type 3) or spray-tight (type 4) as well as partial protection types PB[3] and PB[4]
  • EN 13982-1: Protective clothing against airborne solid particulates: Type 5
  • EN 13034: Protective clothing against liquid chemicals: Type 6 and PB[6]

Since April 2023, the testing service provider Hohenstein has been testing and certifying in two new areas in the field of protective clothing: protective suits and gloves against chemicals and infectious agents. These are covered by Regulation (EU) 2016/425 and are therefore personal protective equipment (PPE).

Protective clothing against infectious agents is used in many types of work: for example, work at sewage plants, waste disposal, animal care, disposal of hazardous waste from hospitals, etc. Workers are exposed to unknown infectious agents (microorganisms, parasites). The protective clothing should protect wearers from the mediums in which the microorganisms are contained, such as liquids, aerosols or solid dust particles.

Hohenstein tests and certifies the following types:

  • EN 14605: Protective clothing against liquid chemicals: Liquid-tight (type 3) or spray-tight (type 4) as well as partial protection types PB[3] and PB[4]
  • EN 13982-1: Protective clothing against airborne solid particulates: Type 5
  • EN 13034: Protective clothing against liquid chemicals: Type 6 and PB[6]
Source:

Hohenstein

(c) CHT Group
12.05.2023

CHT Group: New production facility in Bangladesh

Die CHT Group, a worldwide company for chemical specialties, has built a new production facility in Meghna Industrial Economic Zone (MIEZ), Narayanganj which was inaugurated on May 9th, 2023.

Martin Stangs, Regional Sales Manager APAC Auxiliaries at CHT says: “The long-term success story with RH Corporation now comes to an even higher level. In addition to the decade-long service provided by motivated colleagues of RH Corporation and constant visits by well-experienced CHT application field colleagues, CHT products will now be made available locally by our new production facility at CHT Bangladesh. This will further enhance our current high-end offer with in-time deliveries which are now possible. The well-known services provided by our up-to-date laboratory facility in Dhaka will continue to prevail. This is all supported by the profound analytical and technical equipment at CHT Germany as well as CHT Switzerland. Less water, less energy, less time, but still “fit-for-purpose performance”: these requirements are no strangers to us. In alignment with our CHT Group policy ‘We take care’, we will solve these problems, too”.

Die CHT Group, a worldwide company for chemical specialties, has built a new production facility in Meghna Industrial Economic Zone (MIEZ), Narayanganj which was inaugurated on May 9th, 2023.

Martin Stangs, Regional Sales Manager APAC Auxiliaries at CHT says: “The long-term success story with RH Corporation now comes to an even higher level. In addition to the decade-long service provided by motivated colleagues of RH Corporation and constant visits by well-experienced CHT application field colleagues, CHT products will now be made available locally by our new production facility at CHT Bangladesh. This will further enhance our current high-end offer with in-time deliveries which are now possible. The well-known services provided by our up-to-date laboratory facility in Dhaka will continue to prevail. This is all supported by the profound analytical and technical equipment at CHT Germany as well as CHT Switzerland. Less water, less energy, less time, but still “fit-for-purpose performance”: these requirements are no strangers to us. In alignment with our CHT Group policy ‘We take care’, we will solve these problems, too”.

Sustainability is anchored at CHT Group and plays an important role in Bangladesh, too. The new facility of the CHT Group in Bangladesh contributes to sustainability in more ways: The roofs of two buildings are fully covered with solar photovoltaic modules. For a proper use of natural light all the other buildings have periphery glass and transparent roofs There are additionally a ground water tank to harvest rainwater as well as a biological effluent treatment plant to reuse treated water as process water in the plant.

Source:

CHT Germany GmbH

10.05.2023

Indorama Ventures reports improved quarterly earnings

  • 1Q23 Performance Summary
  • Revenue of US$4B, an increase of 3% QoQ and a decline of 9% YoY
  • Reported EBITDA of US$301M, an increase of 269% QoQ and decrease of 62% YOY
  • Operating cash flows of US$201M
  • Net Operating Debt to Equity of 1.00x
  • Reported EPS of THB 0.14

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported improved quarterly earnings as headwinds continue to ease from the previous quarter’s peaks, although still below normalized levels. The company continues to focus on enhancing its global competitiveness as the full benefit of China’s reopening spurs volumes through the year, and as volatile energy costs and the destocking trend by customers begin to normalize.

  • 1Q23 Performance Summary
  • Revenue of US$4B, an increase of 3% QoQ and a decline of 9% YoY
  • Reported EBITDA of US$301M, an increase of 269% QoQ and decrease of 62% YOY
  • Operating cash flows of US$201M
  • Net Operating Debt to Equity of 1.00x
  • Reported EPS of THB 0.14

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported improved quarterly earnings as headwinds continue to ease from the previous quarter’s peaks, although still below normalized levels. The company continues to focus on enhancing its global competitiveness as the full benefit of China’s reopening spurs volumes through the year, and as volatile energy costs and the destocking trend by customers begin to normalize.

Indorama Ventures achieved Reported EBITDA of $301 million in 1Q23, an increase of 269% QoQ and a decline of 62% YoY. Sales volumes dropped 8% YoY amid the heavy destocking trend that is impacting the chemical industry globally, although volumes rose 5% QoQ as the pace of destocking begins to slow from the peak in 4Q22. With China reopening from pandemic lockdowns and economic activity increasing, there has been marginal improvement in benchmark spreads, albeit below historical levels. In Europe, the warmer-than-expected winter contributed to lower energy prices and alleviated the cost pressures faced last year.

The Group reported an overall decline in Q1 earnings on a year-on-year basis as continued destocking by customers kept sales volumes below consumer consumption levels. CPET posted Reported EBITDA of $142 million, a 74% decrease YoY as sales volumes dropped 9%. Fibers segment achieved Reported EBITDA of $32 million, a decrease of 69% YoY as all three verticals reported declining sales. Integrated Oxides and Derivatives (IOD) segment posted a 4.4% growth in YoY Reported EBITDA to $128 million as volumes rose 4.4% YoY.

Source:

Indorama Ventures Public Company Limited

(c) INDA
10.05.2023

Four Nonwoven Industry Professionals honored with INDA Lifetime Awards

NDA, the Association of the Nonwoven Fabrics Industry, announced four recipients for the Lifetime Service Award and Lifetime Technical Achievement Awards. Jan O’Regan, Seshadri Ramkumar, Jim Robinson, and Ed Thomas are being recognized for their key contributions to the growth of the nonwovens industry and INDA.

NDA, the Association of the Nonwoven Fabrics Industry, announced four recipients for the Lifetime Service Award and Lifetime Technical Achievement Awards. Jan O’Regan, Seshadri Ramkumar, Jim Robinson, and Ed Thomas are being recognized for their key contributions to the growth of the nonwovens industry and INDA.

Jan O’Regan: INDA Lifetime Service Award
Jan O’Regan was the Director, Strategic Initiatives and Nonwovens Marketing, for Cotton Incorporated and retired in 2022. In this capacity, she uncovered new opportunities for cotton to bring value into the nonwovens industry. Her work included leading efforts in strategic planning, technical and market project management, and sharing new ideas and results with the global supply chain.
O’Regan spent over four decades in the nonwovens industry in various roles, including sales, marketing, strategic planning and business management. Market responsibilities included consumer and industrial markets on regional, national, and global teams. Over the most recent years, she applied these broad experiences to new markets for cotton in nontraditional applications.
Serving and volunteering with INDA for decades, O’Regan most recently chaired the World of Wipes® committee, which she efficiently organized to produce innovative conferences for the wipes industry.  She was a frequent speaker at INDA, INSIGHT, EDANA, and other events, and for nearly two decades was a go to source of information for cotton fibers in nonwovens and hygiene. O’Regan earned a BS in Textiles and Business, summa cum laude, from Penn State University and an MBA from New York University’s Stern School of Business.

Seshadri Ramkumar: INDA Lifetime Technical Achievement Award
Seshadri Ramkumar has over twenty-five years of experience within the technical nonwovens space, conducting industry leading research and educating nonwovens professionals at Texas Tech University (TTU).  At TTU, he established the Nonwovens Laboratory. Many of Ramkumar’s students have gone on to become technical leaders within their organizations and the nonwovens industry.
Ramkumar has numerous patent and invention disclosures, including Fibertect® toxic chemical decontamination wipes which have been recognized by the American Chemical Society as a notable success of federally supported innovation, endorsed by Lawrence Livermore National Laboratory, and adopted by multiple branches of the military.
In addition to many peer-reviewed publications, articles, and columns collectively over 500, including one on nanofibers that has been cited over 2,100 times, Ramkumar has contributed his expertise on the editorial boards of multiple fiber, nonwoven, and textile journals. Ramkumar has also organized conferences for nonwovens and textiles and actively promoted INDA and its technical training offerings for over 20 years.
He is a longtime member of the INDA Technical Advisory Board, been recognized by TAPPI, Society of Dyers and Colorists (UK), the Textile Institute (UK), and the Textile Association (INDIA), and received numerous awards from TTU.
Ramkumar holds a Bachelors of Technology (Textiles), Graduated with Distinction, and a Masters of Technology (Textiles), University First Rank in the Discipline, Anna University, and a Ph.D. (Textile Materials) from the University of Leeds, UK.

Jim Robinson: INDA Lifetime Technical Achievement Award
Jim Robinson has 33 years in the absorbent hygiene industry, including 28 years as a Technical Service Manager at BASF. He led technical teams that focused on the application of superabsorbent polymers (SAP) in hygiene products. Robinson has extensive knowledge of SAP applications, absorbent core formation, and hygiene article design, performance and testing. While with BASF, Robinson led efforts with multiple external companies to provide co-supplier solutions to hygiene converters.
Robinson’s extensive understanding of test methods and test method development led to his coordinating the establishment of fitness for use standards of adult incontinent products with the National Association for Continence and involvement in development and review of absorbent product test methods with INDA/EDANA. He is also an active contributor to INDA’s Technical Advisory Board and Hygienix organizing committee and was a contributing developer in establishing the INDA Absorbent Hygiene Training Course. Robinson has provided numerous presentations at INSIGHT, Hygienix, and RISE on performance and interactions of absorbent system components.
Recently, Robinson has been consulting and contributing to the success of multiple start-ups including those having been nominated for INDA product awards. Robinson has a BS in Chemistry from Hampden-Sydney College and an MS in Chemistry from Duke University.

Ed Thomas: INDA Lifetime Technical Achievement Award
Ed Thomas retired after 39 years, with 32 years in the nonwovens industry, and has remained active teaching the Intermediate Nonwovens Training Course for INDA and The Nonwovens Institute at North Carolina State University, as well as providing consulting services to the industry.
Thomas’ experience includes Process Engineering Manager and Plant Management, DuPont; Technical Director, Reemay; VP of Research and Operations, VP of Operations and Technology, and Global VP of Research and Development for Fiberweb/BBA Nonwovens; and Head of Research and Product Development, First Quality Nonwovens.
Thomas holds 10 U.S. nonwoven patents and he and his teams have been awarded more than 250 patents for numerous and diverse innovations that have played significant roles in the success of the nonwovens industry. These include applications for the global hygiene market, industrial nonwovens, and filtration media.
During his career, Thomas has presented several keynote addresses and papers to industry conferences, participated in North Carolina State University’s Nonwovens Cooperative Research Center (NCRC) prior to it becoming The Nonwovens Institute (NWI), INDA’s Technical Advisory Board, INDA’s Sustainability Committee, and was Vice Chair of NWI’s Industrial Advisory Board prior to retirement and remains an Emeritus member.
Thomas received his mechanical engineering degree from SUNY Buffalo.

(c) Sadia Rafique
10.05.2023

Renewcell partners with TextileGenesis™ for Circulose® Pulp-to-Retail Transparency

After participating in industry trials, Renewcell and TextileGenesis™ have the intention to establish an agreement for full pulp-to-retail traceability for Renewcell’s CIRCULOSE® recycled raw material across the entire textile supply chain, announcing it at Challenge the Fabric (Milan, Italy).

Renewcell uses a patented process to breakdown and recycle cotton and other cellulosic textile waste, such as worn-out jeans and production scraps, to create CIRCULOSE®, a biodegradable raw material that can be used to create viscose, lyocell, modal, acetate and other man-made cellulosic fibers. These regenerated fibers are then spun into yarns, woven or knitted into fabrics before being cut and sewn into new high-quality textile products.
 
With TextileGenesis™, Renewcell will be able to share real-time digital traceability with its customers and supply chain partners.

After participating in industry trials, Renewcell and TextileGenesis™ have the intention to establish an agreement for full pulp-to-retail traceability for Renewcell’s CIRCULOSE® recycled raw material across the entire textile supply chain, announcing it at Challenge the Fabric (Milan, Italy).

Renewcell uses a patented process to breakdown and recycle cotton and other cellulosic textile waste, such as worn-out jeans and production scraps, to create CIRCULOSE®, a biodegradable raw material that can be used to create viscose, lyocell, modal, acetate and other man-made cellulosic fibers. These regenerated fibers are then spun into yarns, woven or knitted into fabrics before being cut and sewn into new high-quality textile products.
 
With TextileGenesis™, Renewcell will be able to share real-time digital traceability with its customers and supply chain partners.

  • The platform uses digital tokens to ensure a secure chain of custody for all supply chain processes from raw materials to retail.
  • The company’s “fiber-forwards” traceability captures real-time shipments; its Fibercoins™ digital tokens verify point of origin and eliminate “double counting” of sustainable materials.
  • Its AI (augmented intelligence) engine verifies transactions between supply chain partners.  

 
Furthermore, TextileGenesis™ is already partnering with fiber producers including Lenzing AG, Eastman, and Birla Cellulose.

Source:

Re:NewCell AB

05.05.2023

XORELLA at ITMA 2023

At ITMA 2023, XORELLA, a specialist in steam setting and conditioning equipment for yarns and fabrics, will launch XO AUTOMATION for the double door XO SELECT conditioning machine series, and XO SOLID, a new machine series to complement XO SMART, XO TREND and XO SELECT machines.

XO AUTOMATION
The new XO AUTOMATION system consists of roller conveyor systems for loading and unloading two-door XO Select conditioning machines. Additional pallet wrapping machine with a turntable, weighting station, label printer, safety fence and security system can complete the system. The XO Select controller and automation system can handle and store individual customer-specific material and packing programmes.  

XO SELECT and XO AUTOMATION are designed for yarn steaming on multiple pallet dimensions and heights up to 2,650mm. The linear material flow passing conveyor and steaming machine avoids any mix between steamed and un-steamed materials. XO AUTOMATION fills the gap between the XO automated moving platform and the fully automated transport system – from spinning hall to warehouse.

At ITMA 2023, XORELLA, a specialist in steam setting and conditioning equipment for yarns and fabrics, will launch XO AUTOMATION for the double door XO SELECT conditioning machine series, and XO SOLID, a new machine series to complement XO SMART, XO TREND and XO SELECT machines.

XO AUTOMATION
The new XO AUTOMATION system consists of roller conveyor systems for loading and unloading two-door XO Select conditioning machines. Additional pallet wrapping machine with a turntable, weighting station, label printer, safety fence and security system can complete the system. The XO Select controller and automation system can handle and store individual customer-specific material and packing programmes.  

XO SELECT and XO AUTOMATION are designed for yarn steaming on multiple pallet dimensions and heights up to 2,650mm. The linear material flow passing conveyor and steaming machine avoids any mix between steamed and un-steamed materials. XO AUTOMATION fills the gap between the XO automated moving platform and the fully automated transport system – from spinning hall to warehouse.

XO SOLID
The new cubical XO SOLID combines a high loading space of 1,800mm x 1,700mm x 4, 000mm (H x W x L) through double row pin trolleys or pallets for easy manual loading of six units on floor level without a pit or platform. XO SOLID is therefore designed for installations on upper floor levels. The new frame design combines all necessary components factory preinstalled on a single frame, for easy ‘plug and play’ installation at the customer site. Additional smaller steamer dimensions for two and four loading units are also at the planning stage.

The new XO SOLID incorporates all the renowned features of XORELLA machines based on the long term experience in high temperature dyeing vessel production of FONG’s, including:

  • A Siemens controller with OPC UA interface and XO data tool for batch storage.
  • A XO EcoPac waterless claw pump or two-stage water ring vacuum pump.
  • A high energy efficient accumulator for steam, electric and combined heating.
  • Vessel and piping in world-class stainless steel.
  • European key components such as pumps, heating elements, valves and sensors

Established in Switzerland in 1967, XORELLA became known in the global textile industry for its innovative indirect steaming system. Since 2002 the company has been a member of the CHTC Fong’s International Group, and a member of SINOMACH Group (China National Machinery Industry Corporation) since 2019.

More information:
XORELLA ITMA ITMA 2023
Source:

XORELLA

05.05.2023

Indorama Ventures in Obernburg focuses on automotive sector and specialties

Indorama Ventures at the Obernburg site (Germany) will focus on the core markets of tires and automotive safety/airbags and specialties, as well as drive selected product innovations for application in new market segments. Accordingly, the company plans to adjust its capacity at the Obernburg site and cut around 80 of the current 620 total jobs by the end of the year in production and supporting functions.

Stefan Braun, Managing Director of Indorama Ventures at Industrie Center Obernburg, said, “Global competitive pressure in the man-made fibers industry continues. While our customers value us as one of their leading technology partners, particularly in the development and production of nylon yarns, the cost pressure in the production of individual polyester-based yarns has increased continuously in recent years. We are therefore convinced that we have made the right decision to focus on our core competencies to remain successful in the long term.”

The jobs cuts affect both production and administration and sales positions. Representatives of the company and the Works Council together informed employees about the situation on May 4.

Indorama Ventures at the Obernburg site (Germany) will focus on the core markets of tires and automotive safety/airbags and specialties, as well as drive selected product innovations for application in new market segments. Accordingly, the company plans to adjust its capacity at the Obernburg site and cut around 80 of the current 620 total jobs by the end of the year in production and supporting functions.

Stefan Braun, Managing Director of Indorama Ventures at Industrie Center Obernburg, said, “Global competitive pressure in the man-made fibers industry continues. While our customers value us as one of their leading technology partners, particularly in the development and production of nylon yarns, the cost pressure in the production of individual polyester-based yarns has increased continuously in recent years. We are therefore convinced that we have made the right decision to focus on our core competencies to remain successful in the long term.”

The jobs cuts affect both production and administration and sales positions. Representatives of the company and the Works Council together informed employees about the situation on May 4.

The aim is to make the adjustments as acceptable as possible. Braun added, “We are prepared to talk to employees who will reach retirement age soon and who wish to leave the company early.” The company and employee representatives will agree on suitable measures in the coming weeks.

Source:

Indorama Ventures Mobility Obernburg GmbH

(c) ANDRITZ
05.05.2023

New ANDRITZ partnership for industrial-scale recycling technology

International technology group ANDRITZ entered a partnership with Pellenc ST and Nouvelles Fibres Textiles to set up the very first industrial-scale automatic textile sorting line in France combining automated sorting and recycling technology.

The partners have expert knowledge in sorting technologies (Pellenc ST), textile machinery and processes (ANDRITZ), as well as post-consumer textile value chains from sorting to manufacturing (Nouvelles Fibres Textiles newly founded by Les Tissages de Charlieu and Synergies TLC).

The new textile sorting line being built is the first to combine Pellenc ST's automated sorting technologies with ANDRITZ’s recycling technologies. It will process post-consumer textile wastes to produce recycled fiber engineered for the spinning, nonwoven and composite industries. Starting operations in mid-2023, it will serve as a production line for Nouvelles Fibres Textiles, as an R&D line for the three partners, and as a test and demonstration center for their customers.

International technology group ANDRITZ entered a partnership with Pellenc ST and Nouvelles Fibres Textiles to set up the very first industrial-scale automatic textile sorting line in France combining automated sorting and recycling technology.

The partners have expert knowledge in sorting technologies (Pellenc ST), textile machinery and processes (ANDRITZ), as well as post-consumer textile value chains from sorting to manufacturing (Nouvelles Fibres Textiles newly founded by Les Tissages de Charlieu and Synergies TLC).

The new textile sorting line being built is the first to combine Pellenc ST's automated sorting technologies with ANDRITZ’s recycling technologies. It will process post-consumer textile wastes to produce recycled fiber engineered for the spinning, nonwoven and composite industries. Starting operations in mid-2023, it will serve as a production line for Nouvelles Fibres Textiles, as an R&D line for the three partners, and as a test and demonstration center for their customers.

Nouvelles Fibres Textiles aims to become a reference in both industrial grade material production and industrial scale post-consumer textile sorting, thanks to innovative technologies with hard point removal providing pure fibers, selective colors, and differentiated fiber types.

Nouvelles Fibres Textiles’ partners also work closely together in R&D at the ANDRITZ Laroche and Pellenc ST technical centers to keep pushing technical boundaries.

05.05.2023

SGL Carbon: Business Development in Q1 2023

  • Sales increase by 4.7% to €283.7 million in Q1 2023
  • Adjusted EBITDA improves by 9.0% to €40.1 million
  • Growth based in particular on strong demand from the semiconductor industry

SGL Carbon generated Group sales of €283.7 million in Q1 2023 (Q1 2022: €270.9 million). This corresponds to an increase of €12.8 million or 4.7% compared to the same period of the previous year. Increased demand for specialty graphite components for the semiconductor industry from the Graphite Solutions business unit contributed in particular to the pleasing increase in sales. But also the Process Technology and Composite Solutions business units continued their positive business development.

Accordingly, adjusted EBITDA (EBITDApre) improved by 9.0% to €40.1 million in the reporting period (Q1 2022: €36.8 million).

  • Sales increase by 4.7% to €283.7 million in Q1 2023
  • Adjusted EBITDA improves by 9.0% to €40.1 million
  • Growth based in particular on strong demand from the semiconductor industry

SGL Carbon generated Group sales of €283.7 million in Q1 2023 (Q1 2022: €270.9 million). This corresponds to an increase of €12.8 million or 4.7% compared to the same period of the previous year. Increased demand for specialty graphite components for the semiconductor industry from the Graphite Solutions business unit contributed in particular to the pleasing increase in sales. But also the Process Technology and Composite Solutions business units continued their positive business development.

Accordingly, adjusted EBITDA (EBITDApre) improved by 9.0% to €40.1 million in the reporting period (Q1 2022: €36.8 million).

Sales development
In the first three months of fiscal year 2023, the business unit Graphite Solutions was the main driver of SGL Carbon's growth with an increase in sales of €21.3 million or 17.8%. This is due in particular to the reallocation of production capacities from the solar industry market segment to the semiconductor industry. The Process Technology (+€6.6 million) and Composite Solutions (+€4.0 million) business units also contributed to the increase in sales.

The Carbon Fibers (CF) business unit recorded a decline in sales of €24.0 million in the reporting period. The decline is mainly due to the scheduled expiry of the attractive supply contract for the BMW i3 in the middle of last year. Freed-up production capacities were compensated by orders from the wind industry in the 2nd half of 2022. But the necessary construction of wind turbines in Europe is currently stalling. Low building permits and high manufacturing costs are temporarily hampering the construction and expansion of wind parks and therefore the necessary increase in renewable energy.

Earnings development
In line with the sales development combined with higher capacity utilization and positive product mix effects, adjusted EBITDA (EBITDApre) improved from €36.8 million to €40.1 million in Q1 2023, representing a quarter-on-quarter increase of 9.0%.

Taking into account depreciation and amortization of €14.3 million (Q1 2022: €14.1 million) as well as one-off effects and non-recurring items of minus €0.1 million, EBIT in the reporting period amounted to €25.7 million (Q1 2022: €31.2 million). It should be noted that Q1 of the previous year was positively impacted by one-off effects and and non-recurring items amounting to €8.5 million. Accordingly, net profit for the period of €15.3 million was lower than in the same quarter of the previous year (€21.5 million).

Debt, equity and capitel expenditure
Net financial debt increased slightly to €174.2 million as of March 31, 2023 (Dec. 31, 2022: €170.8 million). The leverage ratio remains unchanged at 1.0. Due to the positive consolidated net income, the equity ratio increased again slightly compared to the end of fiscal 2022 to 39.5% (Dec. 31, 2022: 38.5%).

Looking at the capital expenditure in Q1 2023, it amounted to €19.0 million, which is higher than the average values of the previous quarters. "At the beginning of 2023, we had already announced the expansion of our investment activities to expand production capacities in the Graphite Solutions business unit. In previous years, our capital expenditure was in line with depreciation and amortization. In addition to these approximately €60 million, we will invest further €20 to €30 million in 2023, which will be financed by advance payments in the context of long-term supply contracts from our customers in the semiconductor industry. Our semiconductor customers secure future production capacities for graphite components, which are needed for their own growth. In return, SGL Carbon's long-term supply contracts will enable future profitable growth," said Dr. Torsten Derr, CEO of SGL Carbon.

Outlook
In line with the business performance in the first three months of 2023, the company confirms the sales and earnings guidance issued on March 23, 2023.

For the financial year 2023, Group sales are expected to be at the prior-year level and  EBITDApre between €160 - 180 million. Taking into account depreciation and amortization, EBITpre is forecast to be between €100 - 120 million. Furthermore, free cash flow at the end of fiscal 2023 is expected to be at the prior-year level and return on capital employed (ROCE) between 10% and 12%.

Source:

SGL CARBON SE

(c) Mayer & Cie.
The Batliboi team at ITME 2022 along with several Mayer & Cie. colleagues
03.05.2023

New set-up of Mayer & Cie. representations in Nepal & Bangladesh

Since 1 April 2023 sales and service of Mayer & Cie. circular knitting machines in Bangladesh have been under new management. A new dynamic team “Mayer Bangladesh” has been formed. Mayer & Cie.’s longstanding Indian representative Batliboi has joined business activities in Bangladesh since the beginning of the month, supported by the team of Brady Services and by Almani Biz.

In Batliboi, Mayer & Cie. has set up a business partner of many decades standing as its representative in Bangladesh. For around 40 years Mumbai-based Batliboi has overseen sales and service of Mayer & Cie. circular knitting machines in India. Abhay Sidham heads Batliboi’s Textile and Machinery Group. He and his team have many years of experience in strategic marketing, and a focus on sustainability and processing recycled raw materials is part of Batliboi’s expertise.

Since 1 April 2023 sales and service of Mayer & Cie. circular knitting machines in Bangladesh have been under new management. A new dynamic team “Mayer Bangladesh” has been formed. Mayer & Cie.’s longstanding Indian representative Batliboi has joined business activities in Bangladesh since the beginning of the month, supported by the team of Brady Services and by Almani Biz.

In Batliboi, Mayer & Cie. has set up a business partner of many decades standing as its representative in Bangladesh. For around 40 years Mumbai-based Batliboi has overseen sales and service of Mayer & Cie. circular knitting machines in India. Abhay Sidham heads Batliboi’s Textile and Machinery Group. He and his team have many years of experience in strategic marketing, and a focus on sustainability and processing recycled raw materials is part of Batliboi’s expertise.

These competences are of relevance in the Bangladesh market because “we face strong competition from Asian manufacturers here,” as Wolfgang Müller, Mayer & Cie.’s sales director, explains. The premium market was growing smaller, and the trend was toward specialities – value-added fabrics, spacer fabrics and athleisure with a high proportion of elastic. Mayer & Cie. sees in these requirements significant potential for its machines – and in Batliboi a partner able in view of its experience to put them to optimal use.

One building block in the set-up of Mayer & Cie. representatives is unchanged. Brady Services will continue with Batliboi to contribute its close ties with the local market. A significant number of existing companies will continue to be looked after by Brady Services.

The new member in Mayer Bangladesh team is Dhaka-based Almani Biz. A lubricants specialist for circular knitting machines Almani Biz has a wide network with Bangladesh knitting industry.

Mayer & Cie. feels well positioned by this new set-up. “We,” Wolfgang Müller says, “are of the opinion that the market for textile machinery in Bangladesh will continue to grow and we are confident that by strengthening our sales, service and marketing team we will be able to make good use of this opportunity.”

Customers in Bangladesh have placed large orders in the past. The latest, placed in January, was for several dozen machines to be delivered this autumn. Further orders from Apex and BEXIMCO (Bangladesh Export Import Company) are also scheduled for delivery in the second half of 2023.

While reorganising the set-up of its representatives in Bangladesh Batliboi has also taken over as Mayer & Cie.’s representative in Nepal, where the company had previously had no local representative. There is a demand for machines for interlock, 8-lock and single jersey, but sales are still in single figures.

03.05.2023

Lectra: Financial statements for Q1 2023

  • Revenues: 123.7 million euros (stable)*
  • EBITDA before non-recurring items: 19.7 million euros (-12%)*
  • Net income: 7.3 million euros (-21%)
  • Free cash flow before non-recurring items: 9.2 million euros
  • Revised 2023 outlook due to wait-and-see attitude of customers

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2023. Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

See the attached document for more details about the financial statements.

  • Revenues: 123.7 million euros (stable)*
  • EBITDA before non-recurring items: 19.7 million euros (-12%)*
  • Net income: 7.3 million euros (-21%)
  • Free cash flow before non-recurring items: 9.2 million euros
  • Revised 2023 outlook due to wait-and-see attitude of customers

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2023. Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

See the attached document for more details about the financial statements.

(c) Messe Düsseldorf GmbH
03.05.2023

in-store asia takes place June 2023 in Mumbai

The 14th in-store asia will be held in Mumbai from 1 June to 3 June 2023. The trade exhibition for retail resources and investment in store design, VM and in-store marketing gathers decision-makers from more than 7,500 retail companies, consultants, service providers, and manufacturers, bringing together over 100 exhibitors.

Since 2018, in-store asia has been a member of the international trade fair family of EuroShop in Düsseldorf. It assembles all leading retail solutions providers from India and other countries under one roof. Here decision-makers from retail, including branded product producers, retail consultants as well as providers of services and solutions for retail, store designers, architects and VM experts come together.

The 14th in-store asia will be held in Mumbai from 1 June to 3 June 2023. The trade exhibition for retail resources and investment in store design, VM and in-store marketing gathers decision-makers from more than 7,500 retail companies, consultants, service providers, and manufacturers, bringing together over 100 exhibitors.

Since 2018, in-store asia has been a member of the international trade fair family of EuroShop in Düsseldorf. It assembles all leading retail solutions providers from India and other countries under one roof. Here decision-makers from retail, including branded product producers, retail consultants as well as providers of services and solutions for retail, store designers, architects and VM experts come together.

The 3-day event includes not only the Expo area but also a wide range of side events comprising a Convention with over 30 speakers, the presentation of the coveted VM & RD Retail Design Awards as well as the VM Challenge, a live shop window challenge for top-notch visual merchandisers that is unique for India. Furthermore, the Retail Technology Pavilion will present new tools, for instance for retail management and customer tracking as well as solutions revolving around AI & virtual reality, NFTs, smart checkout all the way down to store management, retail security and payment. Celebrating a premiere here will be the Start-up Hub, which will provide emerging, innovative companies with a stage to present themselves to the industry.

The Indian retail industry has changed drastically; being one of the fastest growing retail markets it has proven a key driver for the Indian economy. The Indian retail sector is forecast to continue posting enormous growth rates due to such factors as growing urbanisation, rising household incomes, better connected rural consumers and rising consumer spending.

Source:

Messe Düsseldorf GmbH

03.05.2023

Lenzing: Outlook for 2023

  • Revenue grows to EUR 623.1 mn – fiber sales recovered over the course of the quarter
  • EBITDA and net result for the period down compared with the first quarter of 2022
  • Cost reduction program of more than EUR 70 mn being implemented according to plan
  • Production of TENCEL™ brand modal fibers successfully launched in China
  • Lenzing confirms guidance for 2023

The business performance of the Lenzing Group during the first quarter of 2023 largely reflected market trends. However, after the market environment had deteriorated significantly in the third and fourth quarters of the previous year, signs of recovery emerged during the first quarter in terms of demand as well as raw material and energy costs. Textile fibers recorded moderate but steadily improving demand. Business with fibers for nonwovens and with dissolving wood pulp performed better than expected. Raw material and energy costs were still at an elevated albeit decreasing level.

  • Revenue grows to EUR 623.1 mn – fiber sales recovered over the course of the quarter
  • EBITDA and net result for the period down compared with the first quarter of 2022
  • Cost reduction program of more than EUR 70 mn being implemented according to plan
  • Production of TENCEL™ brand modal fibers successfully launched in China
  • Lenzing confirms guidance for 2023

The business performance of the Lenzing Group during the first quarter of 2023 largely reflected market trends. However, after the market environment had deteriorated significantly in the third and fourth quarters of the previous year, signs of recovery emerged during the first quarter in terms of demand as well as raw material and energy costs. Textile fibers recorded moderate but steadily improving demand. Business with fibers for nonwovens and with dissolving wood pulp performed better than expected. Raw material and energy costs were still at an elevated albeit decreasing level.

Outlook
The war in Ukraine and the more restrictive monetary policy pursued by many central banks in order to combat inflation are expected to continue to influence global economic activity. The IMF warns that risks remain elevated overall and forecasts growth of 2.8 and 3 percent for 2023 and 2024 respectively. The currency environment is expected to remain volatile in the regions relevant to Lenzing.

This market environment continues to weigh on the consumer climate and on sentiment in the industries relevant to Lenzing. However, the outlook has brightened somewhat recently.

Demand picked up tangibly after the Chinese New Year. As a consequence, capacity utilization improved and stocks were further reduced both at viscose producers and at downstream stages of the value chain.

In the trend-setting market for cotton, signs are emerging of a further buildup of stocks in the current 2022/23 crop season. Initial forecasts for 2023/24 anticipate a more balanced relationship between supply and demand.

However, despite signs of recovery in both demand and raw material and energy costs, earnings visibility remains limited overall.

Lenzing is fully on track with the implementation of the reorganization and cost reduction program. These and other measures are aimed at positioning Lenzing in the best possible way for the expected market recovery.

Structurally, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as for the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its “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.

The successful implementation of the key projects in Thailand and Brazil as well as the investment projects in China and Indonesia will further strengthen Lenzing’s positioning in this respect.

Taking into account the aforementioned factors and assuming a further market recovery in the current financial year, the Lenzing Group continues to expect EBITDA in a range between EUR 320 mn and EUR 420 mn for 2023.

Source:

Lenzing AG

28.04.2023

ANDRITZ: Outlook for the full year 2023

International technology group ANDRITZ has started the 2023 business year with unchanged high growth dynamics despite a slowing global economy. Revenue and operating result both increased significantly by well over 20 percent in the first quarter of 2023 compared with the same period of the previous year. Net income improved by almost 50 percent to 104.5 million euros (MEUR). Order intake reached a favorable level of 2.4 billion euros but was 6.5 percent below the figure for the first quarter of 2022, when the booking of two large-scale orders had provided a peak.

The key financial figures developed as follows during the reporting period:

International technology group ANDRITZ has started the 2023 business year with unchanged high growth dynamics despite a slowing global economy. Revenue and operating result both increased significantly by well over 20 percent in the first quarter of 2023 compared with the same period of the previous year. Net income improved by almost 50 percent to 104.5 million euros (MEUR). Order intake reached a favorable level of 2.4 billion euros but was 6.5 percent below the figure for the first quarter of 2022, when the booking of two large-scale orders had provided a peak.

The key financial figures developed as follows during the reporting period:

  • Order intake amounted to 2,420.2 MEUR and was thus 6.5% below the high level of the previous year’s reference period (Q1 2022: 2,588.6 MEUR), which included two large-scale orders. The Metals business area was able to increase its order intake significantly compared to the previous year’s reference period.
  • The order backlog as of March 31, 2023 amounted to 10,407.8 MEUR and has thus increased compared to 2022 (December 31, 2022: 9,976.5 MEUR).
  • Revenue at 1,962.6 MEUR was 28.5% higher than the reference figure for the previous year’s reference period (Q1 2022: 1,526.9 MEUR). All four business areas were able to significantly increase their revenue compared to the previous year.
  • The operating result (EBITA) increased in line with revenue, reaching a very favorable level at 158.5 MEUR in the first quarter of 2023 (+29.6% versus Q1 2022: 122.3 MEUR). The Group’s profitability (EBITA margin) increased slightly to 8.1% (Q1 2022: 8.0%).
  • Net income (without non-controlling interests) increased significantly to 104.5 MEUR (Q1 2022: 71.5 MEUR).

Following the successful first quarter, ANDRITZ confirms its previously published outlook for the full year 2023. Both revenue and earnings for the full year are expected to be above the level of 2022.

More information:
Andritz financial year 2023
Source:

ANDRITZ AG

Photo: EREMA/Wakolbinger
Manfred Hackl, CEO EREMA Group GmbH
28.04.2023

EREMA Group ends financial year 2022/23

Around EUR 355 million in overall turnover, 350 extruders delivered creating an additional recycling capacity for 1.6 million tons of recycled pellets as a result - these are the figures with which the EREMA Group was able to close the 2022/23 financial year in March.

"With demand for recycled plastics remaining high, the past financial year brought many challenges that we needed to handle," says Manfred Hackl, CEO of EREMA Group GmbH. The challenges included persistent delays in the supply chain and unexpected supplier outages. Logistics and production processes had to be adapted several times as a result. The situation has improved significantly meantime as a result of these measures and more stable supply chains.

Around EUR 355 million in overall turnover, 350 extruders delivered creating an additional recycling capacity for 1.6 million tons of recycled pellets as a result - these are the figures with which the EREMA Group was able to close the 2022/23 financial year in March.

"With demand for recycled plastics remaining high, the past financial year brought many challenges that we needed to handle," says Manfred Hackl, CEO of EREMA Group GmbH. The challenges included persistent delays in the supply chain and unexpected supplier outages. Logistics and production processes had to be adapted several times as a result. The situation has improved significantly meantime as a result of these measures and more stable supply chains.

The production locations in Austria manufactured 270 extruders and delivered them to customers around the globe. Taking the whole group into consideration, this figure rises to 350 including the extruders from PLASMAC, the Italian subsidiary. The recycled pellet production capacity of all extrusion systems delivered in financial year 2022/23 adds up to around 1.6 million tonnes per year. On top of that there are around 130 additional components and modules such as filter systems and ReFresher anti-odour units.

Recycling innovations for high-quality pellets
K 2022 - the highlight trade fair of the past financial year - saw the EREMA Group launch seven
new recycling systems and components. These included the new INTAREMA® TVEplus® DuaFil® Compact recycling system and the EcoGentle® plasticising unit, which was also newly developed. Thanks to their gentle polymer treatment and significantly lower melt temperature, both extrusion innovations deliver effective advantages in terms of the quality of the melt, recycled pellets, and final product, as well as impressive energy efficiency in post consumer and PET recycling applications. The significance of these innovations for plastics recycling is underlined by the nomination of the DuaFil® Compact technology for one of this year's Plastics Recycling Awards Europe in the category Recycling Machinery Innovation of the Year.
The same applies to the READYMAC 1109 TVE machine made to stock by EREMA Group subsidiary UMAC, as well as to the new ALPHA XS edge trim recycling machine for the inhouse recycling segment made by PLASMAC. The market launch of the deinking system presented at K 2022 by the EREMA Group company KEYCYCLE delivering a throughput of 1,200 kilograms per hour has been a success, as has the commissioning of a further unit sold to a film manufacturer.

40 years of EREMA
The beginning of the new financial year falls almost to the day on EREMA's 40th anniversary. On 14 April 1983, Helmut Bacher, Helmuth Schulz and Georg Wendelin founded EREMA Engineering Recycling Maschinen und Anlagen GesmbH, laying the foundation for the 40-year success story. In celebration, the comapny will hold the event EREMA Discovery Day at the company headquarters on the 1st of June. This event with live insights into the latest post consumer and PET recycling technologies will also see the official opening of the newly built research and development centre.

Source:

EREMA Group GmbH

26.04.2023

STFI: Bionanopolis Open Call to support companies

The international association that will manage the Single-Entry-Point (SEP) of the BIONANOPOLYS project has been formally constituted and will be able to support companies across the European Union in the market introduction of bionanomaterials through technical, legal, regulatory, safety, economic and financial support services.

The SEP was established as an AISBL (non-profit entity) on 17 February 2023 in the framework of the European project BIONANOPOLYS, funded by the Horizon 2020 programme. The technical director of ITENE and coordinator of this project, Carmen Sánchez, is the president of this association in which representatives of other project partners also act as directors. Specifically, the CTP (Centre Technique du Papier) from France; CIDAUT (Fundación para la Investigación y Desarrollo en Transporte y Energía), from Spain; CENTI (Centre for Nanotechnology and Smart Materials), from Portugal, and the law firm Gil & Robles - San Bartolome & Associés, from Luxembourg.

The international association that will manage the Single-Entry-Point (SEP) of the BIONANOPOLYS project has been formally constituted and will be able to support companies across the European Union in the market introduction of bionanomaterials through technical, legal, regulatory, safety, economic and financial support services.

The SEP was established as an AISBL (non-profit entity) on 17 February 2023 in the framework of the European project BIONANOPOLYS, funded by the Horizon 2020 programme. The technical director of ITENE and coordinator of this project, Carmen Sánchez, is the president of this association in which representatives of other project partners also act as directors. Specifically, the CTP (Centre Technique du Papier) from France; CIDAUT (Fundación para la Investigación y Desarrollo en Transporte y Energía), from Spain; CENTI (Centre for Nanotechnology and Smart Materials), from Portugal, and the law firm Gil & Robles - San Bartolome & Associés, from Luxembourg.

The BIONANOPOLYS SEP will reduce the risks and barriers to the commercial exploitation of bio-based materials and polymeric bionanocomposites with nanotechnology and accelerate market penetration and innovation processes. SMEs, large companies, and potential customers who are users of the BIONANOPOLYS OITB (Open Innovation Test Bed) will be able to access the services offered by the project partners through this entity, which will act as a one-stop shop, at affordable costs and conditions.

The test bed consists of 14 enhanced pilot plants and complementary services to support technological and commercial breakthroughs. Collaboration between all the partners that make up BIONANOPOLYS and access through the SEP allows joint access to all the services offered by the partners and helps to drive collaborative open innovation.

Call for access to the BIONANOPOLYS OITB
The SEP and the project partners will be in charge of evaluating the projects submitted to the BIONANOPOLYS platform once the open call launched last February to select five projects from different European countries that will be able to access its services free of charge to develop, test or scale-up bionanomaterials in the BIONANOPOLYS OITB closes.

Companies wishing to access the services to develop or test nanomaterials can submit their applications until 30 April.

The BIONANOPOLYS test bed could benefit companies involved in the production of biopolymers, cellulose paper, nonwovens, foams, or coatings, as well as the packaging, agriculture, food, cosmetics, pharmaceuticals, hygiene, textiles and 3D printing sectors.

Source:

Sächsisches Textilforschungsinstitut e.V. (STFI)

(c) INDEX™ | Palexpo SA
26.04.2023

INDEX™23 concludes successfully with over 610 exhibitors

The international nonwovens community came together once again in Geneva this week for INDEX™23, with with 12,017 attendees from over 100 countries and 610 exhibitors from 43 countries joining the event.

Exhibitors made the most of the four intensive days to meet potential new customers and extend business with existing clients. As one of the world’s leading nonwovens exhibitions, INDEX™ demonstrated the latest breakthroughs and innovative developments across all nonwovens’ applications.

The INDEX™ Lab, an exchange hub displaying samples from innovations and new developments, also showcased the winners and runners up from each of the five categories of the INDEX™ Innovation Award. Open to any EDANA member company or exhibitor at INDEX™23, the winners were announced on the first day of the exhibition during a dedicated ceremony at the EDANA stand.

The winners (more infomation):

The international nonwovens community came together once again in Geneva this week for INDEX™23, with with 12,017 attendees from over 100 countries and 610 exhibitors from 43 countries joining the event.

Exhibitors made the most of the four intensive days to meet potential new customers and extend business with existing clients. As one of the world’s leading nonwovens exhibitions, INDEX™ demonstrated the latest breakthroughs and innovative developments across all nonwovens’ applications.

The INDEX™ Lab, an exchange hub displaying samples from innovations and new developments, also showcased the winners and runners up from each of the five categories of the INDEX™ Innovation Award. Open to any EDANA member company or exhibitor at INDEX™23, the winners were announced on the first day of the exhibition during a dedicated ceremony at the EDANA stand.

The winners (more infomation):

  1. Nonwoven roll goods
    Winner: Suominen – HYDRASPUN® Circula Nonwoven
  2. Finished products made from, or incorporating nonwovens
    Winner: Henkel – Smart Adult Care
  3. Raw materials or components (e.g., fibre, binder, polymer, tape), of special relevance to the nonwovens industry and related converted products
    Winner: Fiberpartner – BicoBio
  4. Innovation in machinery of special relevance to the nonwovens industry
    Winner: Curt G. Joa, Inc. – ESC-8™
  5. Sustainable Product
    Winner: Sparkle Innovations – SugaFluff™

The "Nonwovens Journey", an immersive experience that takes a look at the innovative role of nonwovens, as well as how innovation has progressed in time around both sustainability, and how nonwovens are used in everyday life, also allowed visitors to discover the versatility of nonwovens.

Running alongside the exhibition itself, there was also a full programme of side events that were enjoyed by participants: Exhibitor Product Presentations from 33 exhibitors; a series of informative seminars covering a myriad of topics including medical nonwovens, sustainability, circular economy, geosynthetics, textiles, mobility, fair trade, gender equity, innovation, and market trends; country-specific briefings offering insights into the nonwovens market in various regions around the world; and a nonwovens tutorial intended as an induction to nonwovens for those new to the industry. These topics were all presented by leading industry experts and guest speakers, including among others, the World Trade Organization (WTO).

Concern for the environment has in recent years become increasingly important, and once again remained a key topic at INDEX™23, with companies pushing to achieve further CO2 reductions and circularity across the supply chain.

Continuing on from its success during COVID-19, the INDEX™23 Mobile App and Virtual Platform was back. This tool offered participants – both in Geneva and those following from home – the chance to watch presentations live and interact with speakers, exhibitors, and other participants. Attendees were able to plan their visit and organize meetings, which was highly appreciated. Video recordings from the sessions will remain available online in the app and platform for the coming weeks.

The next INDEX™ will take place in three years from 21-24 April 2026.

Source:

INDEX™ | Palexpo SA

(c) Hypetex
26.04.2023

Hypetex: Coloured Carbon Fibre Bike Wheels launched at The Cycle Show

The first set of coloured carbon fibre bike wheels made a debut public appearance at The Cycle Show at Alexandra Palace.

Developed in partnership with leading wheel brand Parcours, the Chrono carbon fibre wheels feature a gold finish made of Hypetex’s Zlatan uni-directional material and offer a lighter and higher-performance product than the traditional painted alternative.

Hypetex is a sustainable colouring technology for advanced materials, such as carbon fibre. Born out of Formula 1 racing, its patented paint-replacing process is a key step in advancing the lightweight revolution. Combining water-based eco-resins with a sustainable curing process, Hypetex materials are made with bold, colourful aesthetics as well as technical and cost-saving benefits.

Parcours is a leading wheel brand that offers high-performance, premium wheelsets that employs the latest advancements in aerodynamic technology. The Parcours X Hypetex gold wheels were featured at The Cycle Show in London on a bespoke Handsling A1R0evo, which was nominated for the Jaw Droppers trophy - a competition for the industry’s most striking designs.

The first set of coloured carbon fibre bike wheels made a debut public appearance at The Cycle Show at Alexandra Palace.

Developed in partnership with leading wheel brand Parcours, the Chrono carbon fibre wheels feature a gold finish made of Hypetex’s Zlatan uni-directional material and offer a lighter and higher-performance product than the traditional painted alternative.

Hypetex is a sustainable colouring technology for advanced materials, such as carbon fibre. Born out of Formula 1 racing, its patented paint-replacing process is a key step in advancing the lightweight revolution. Combining water-based eco-resins with a sustainable curing process, Hypetex materials are made with bold, colourful aesthetics as well as technical and cost-saving benefits.

Parcours is a leading wheel brand that offers high-performance, premium wheelsets that employs the latest advancements in aerodynamic technology. The Parcours X Hypetex gold wheels were featured at The Cycle Show in London on a bespoke Handsling A1R0evo, which was nominated for the Jaw Droppers trophy - a competition for the industry’s most striking designs.

Source:

Hypetex

(c) Source Fashion by Hyve
21.04.2023

Source Fashion returns July 2023

Source Fashion returns to London Olympia on 16-18th July, more than doubling in size and welcoming over 300 exhibitors from around the world.

Source Fashion offers a platform for decision-makers in buying, sourcing and procurement, with the reassurance of knowing that every exhibitor has been audited to ensure sustainability and transparency remains at the heart of their business model. The February launch show welcomed over 130 manufacturers from 20 countries including the UK, Peru, Cambodia, Pakistan, Turkey, China, India, Portugal, Hong Kong, Italy, and Greece, attracting nearly 5,000 visitors from leading retailers and brands including John Lewis, M&S, Sainsbury’s, Tesco, All Saints, Asos, Ted Baker, Bella Freud, FILA, Fred Perry, Matalan, Monsoon, Stitch Fix, Urban Outfitters, Very Group, and many more.

Source Fashion returns to London Olympia on 16-18th July, more than doubling in size and welcoming over 300 exhibitors from around the world.

Source Fashion offers a platform for decision-makers in buying, sourcing and procurement, with the reassurance of knowing that every exhibitor has been audited to ensure sustainability and transparency remains at the heart of their business model. The February launch show welcomed over 130 manufacturers from 20 countries including the UK, Peru, Cambodia, Pakistan, Turkey, China, India, Portugal, Hong Kong, Italy, and Greece, attracting nearly 5,000 visitors from leading retailers and brands including John Lewis, M&S, Sainsbury’s, Tesco, All Saints, Asos, Ted Baker, Bella Freud, FILA, Fred Perry, Matalan, Monsoon, Stitch Fix, Urban Outfitters, Very Group, and many more.

Suzanne Ellingham, Director of Sourcing of Source Fashion; “We couldn't have asked for a better first show. Leading retailers attended keen to source new, and crucially audited, producers and manufacturers. We champion responsibility, and sustainability isn’t just an addition to our show, it is our core value. We unite manufacturers practicing environmental, transparent, and fair-trade methods, with buyers looking to source sustainably.

“Our next show will be even bigger and better – we have already doubled the size of our floorplan for July and have been overwhelmed by the interest from both exhibitors and visitors. The global sustainability market is expected to grow by 24% annually in the next seven years according to Meta, which means now more than ever, brands are on the hunt for new sustainable manufacturers and suppliers to source from and the growth rate is staggering for Source Fashion. It is going to be firmly established as a significant platform for responsible sourcing by its second show.”

Source:

Source Fashion by Hyve / Good Results

21.04.2023

DyStar announces Restructuring Plan for Ludwigshafen Plant Facility

DyStar announces the plan to restructure its Ludwigshafen facility located in Germany. The strategic decision is made by the company in response to changing business conditions and market shifts.

Mr. Xu Yalin, Managing Director, and President of DyStar Group said, “This is an important strategic move for DyStar. We will focus on developing key emerging markets, which have been shifting over a decade. In the wake of higher energy costs and inflation, DyStar is determined to further improve cost efficiency and drive sustainable productivity as we continue to deliver the highest quality of innovative products that support the global supply chain.”

Mr. Eric Hopmann, Chief Commercial Officer of DyStar Group said, “The restructuring of this facility will be carried out in a phased manner. DyStar will diversify the production activity out of Europe and start with the reduction of manpower as a consequence. DyStar’s customers can be further assured of undisrupted supply, hence their production should not be affected as we will work closely to meet their specific requirements.”

DyStar announces the plan to restructure its Ludwigshafen facility located in Germany. The strategic decision is made by the company in response to changing business conditions and market shifts.

Mr. Xu Yalin, Managing Director, and President of DyStar Group said, “This is an important strategic move for DyStar. We will focus on developing key emerging markets, which have been shifting over a decade. In the wake of higher energy costs and inflation, DyStar is determined to further improve cost efficiency and drive sustainable productivity as we continue to deliver the highest quality of innovative products that support the global supply chain.”

Mr. Eric Hopmann, Chief Commercial Officer of DyStar Group said, “The restructuring of this facility will be carried out in a phased manner. DyStar will diversify the production activity out of Europe and start with the reduction of manpower as a consequence. DyStar’s customers can be further assured of undisrupted supply, hence their production should not be affected as we will work closely to meet their specific requirements.”

The facility has been an integral part of DyStar’s global network. DyStar inherited this facility from their founders who started the Indigo research and manufacturing more than 125 years ago.