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AkzoNobel acquires African paints and coatings activities from Kansai Paint (c) AkzoNobel
01.06.2022

AkzoNobel acquires African paints and coatings activities from Kansai Paint

AkzoNobel is to further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion, which is subject to regulatory approvals, is expected during the course of 2023.
 
Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around €280 million. The transaction includes the Plascon brand, which has more than 100 years of heritage in South Africa. Together with our own Dulux brand, they’re the longest-established paint brands in the region. The intended acquisition also includes automotive and protective coatings, and coatings for wood and coil.
 
“Acquiring Kansai Paint’s activities in the region will help us to further expand our paints and coatings business in Africa and provide a strong platform for future growth,” says AkzoNobel CEO, Thierry Vanlancker. “Kansai Paint shares our commitment to innovation and sustainability, and we look forward to combining our expertise, which will result in a wider range of innovative products and more sustainable solutions for our customers.”
 

AkzoNobel is to further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion, which is subject to regulatory approvals, is expected during the course of 2023.
 
Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around €280 million. The transaction includes the Plascon brand, which has more than 100 years of heritage in South Africa. Together with our own Dulux brand, they’re the longest-established paint brands in the region. The intended acquisition also includes automotive and protective coatings, and coatings for wood and coil.
 
“Acquiring Kansai Paint’s activities in the region will help us to further expand our paints and coatings business in Africa and provide a strong platform for future growth,” says AkzoNobel CEO, Thierry Vanlancker. “Kansai Paint shares our commitment to innovation and sustainability, and we look forward to combining our expertise, which will result in a wider range of innovative products and more sustainable solutions for our customers.”
 
Adds Kunishi Mori, Kansai Paint’s president: “We are convinced that AkzoNobel is the best owner as AkzoNobel considers the decorative paints business as a core business and will therefore be able to unlock the full potential of the business, thereby contributing to the development of the African economy.
 
”For Prejay Lalla and Arvind Shekhawat, Chief Executive Officers of KPAL and KPEA (the respective Africa entities being sold by Kansai Paint in this transaction), this agreement is an opportunity to further enhance growth. “We believe that AkzoNobel will be the owner who will elevate the business to the next level as AkzoNobel is willing to invest in ESG, is committed to innovation, workforce development and broader career opportunities as well as the long-term success of its paint businesses in Africa.”
 
The intended acquisition follows on from a series of recent acquisitions by AkzoNobel across paints and coatings over the last two years, including Titan Paints in Spain and Portugal, New Nautical Coatings in the US and, most recently, Grupo Orbis in Latin America.

More information:
AkzoNobel Coatings Automotive
Source:

AkzoNobel

SHIMA SEIKI releases digital content web service "SHIMA Datamall™" (c) SHIMA SEIKI MFG., LTD.
01.06.2022

SHIMA SEIKI releases digital content web service "SHIMA Datamall™"

SHIMA SEIKI MFG., LTD. announces the release of its new "SHIMA Datamall™" digital content web service.

SHIMA Datamall™ is an online service that allows users to search, browse and purchase a variety of useful data for the planning, production and sales of fashion items. With SHIMA Datamall, users of the SDS®-ONE APEX series 3D design system, APEXFiz™ Design subscription software and SHIMA SEIKI flat knitting machines will be able to streamline their operations and further promote the digital transformation of textile manufacturing, thereby realizing a shift toward sustainable manufacturing.

Digital content available on SHIMA Datamall™, together with yarn data from the yarnbank™ digital yarn sourcing web service, are meant to support knit manufacturing from planning and design to production and sales, by arranging the data on SDS®-ONE APEX and APEXFiz™.

SHIMA SEIKI MFG., LTD. announces the release of its new "SHIMA Datamall™" digital content web service.

SHIMA Datamall™ is an online service that allows users to search, browse and purchase a variety of useful data for the planning, production and sales of fashion items. With SHIMA Datamall, users of the SDS®-ONE APEX series 3D design system, APEXFiz™ Design subscription software and SHIMA SEIKI flat knitting machines will be able to streamline their operations and further promote the digital transformation of textile manufacturing, thereby realizing a shift toward sustainable manufacturing.

Digital content available on SHIMA Datamall™, together with yarn data from the yarnbank™ digital yarn sourcing web service, are meant to support knit manufacturing from planning and design to production and sales, by arranging the data on SDS®-ONE APEX and APEXFiz™.

Membership is not limited to users of SHIMA SEIKI products. Anyone can search and browse from digital data comprising over 6,000 items, free of charge. Information gathered on SHIMA Datamall is useful for product planning and ideas for new collections. SHIMA SEIKI users can furthermore purchase and download data to facilitate communication with suppliers.

More information:
Shima Seiki digital yarn
Source:

SHIMA SEIKI MFG., LTD.

(c) adidas AG
01.06.2022

adidas Originals and Wales Bonner present their Spring Summer 2022 Collection

adidas Originals and Wales Bonner return to present their Spring Summer 2022 collection. Continuing to explore and respond to the sportswear brand’s vast archive, for its fourth season the creative partnership focuses on styles from the 1970s and 80s. The offering draws on Wales Bonner’s research into the music and photography of Burkina Faso, West Africa, in these decades, and pays homage to creative energy and individuality of style.

The latest adidas Originals by Wales Bonner collaboration reimagines key looks through the lens of music and movement and blends textures, silhouettes and graphic prints. This season adidas Originals and Wales Bonner introduce athletic jacquard knitwear and a new Seventies-inspired take on the classic WB Track Top and Track Pants. The colour palette is bold and joyful, with a trio of colours appearing across the offering: primary red, sun yellow and pale pink.

adidas Originals and Wales Bonner return to present their Spring Summer 2022 collection. Continuing to explore and respond to the sportswear brand’s vast archive, for its fourth season the creative partnership focuses on styles from the 1970s and 80s. The offering draws on Wales Bonner’s research into the music and photography of Burkina Faso, West Africa, in these decades, and pays homage to creative energy and individuality of style.

The latest adidas Originals by Wales Bonner collaboration reimagines key looks through the lens of music and movement and blends textures, silhouettes and graphic prints. This season adidas Originals and Wales Bonner introduce athletic jacquard knitwear and a new Seventies-inspired take on the classic WB Track Top and Track Pants. The colour palette is bold and joyful, with a trio of colours appearing across the offering: primary red, sun yellow and pale pink.

The footwear offering similarly reimagines iconic adidas styles through Wales Bonner’s distinctive lens, emphasising soulful and elegant comfort. The collection presents two elevated riffs on the adidas Country silhouette and sees the return of the WB Samba sneaker, a highlight of the inaugural collection – in two bright color updates. 

More information:
adidas Wales Bonner footwear
Source:

adidas AG

31.05.2022

TOS+H EXPO 2022 concludes 4th edition of trade fair in Turkey

111 companies from nine different countries took part in the 4th edition of one of the leading trade fairs in Turkey for occupational safety and health, TOS+H EXPO, from May 14-17, in Istanbul. Due to the ever-increasing importance of personal protection, occupational safety and a healthy workplace, TOS+H EXPO came just in time. Exhibitors were able to target a Turkish audience with the latest trends and products in industrial safety, health promotion at work and occupational safety management. The Occupational Health and Safety Symposium, which was organised by the Istanbul Chamber of Industry (ICI) was also very well attended on all four days. Current occupational safety and health issues were addressed and provided important impulses for establishing a prevention culture in companies in Turkey and its neighboring countries. A total of 4.309 visitors from 58 countries attended the 4th TOS+H EXPO.

111 companies from nine different countries took part in the 4th edition of one of the leading trade fairs in Turkey for occupational safety and health, TOS+H EXPO, from May 14-17, in Istanbul. Due to the ever-increasing importance of personal protection, occupational safety and a healthy workplace, TOS+H EXPO came just in time. Exhibitors were able to target a Turkish audience with the latest trends and products in industrial safety, health promotion at work and occupational safety management. The Occupational Health and Safety Symposium, which was organised by the Istanbul Chamber of Industry (ICI) was also very well attended on all four days. Current occupational safety and health issues were addressed and provided important impulses for establishing a prevention culture in companies in Turkey and its neighboring countries. A total of 4.309 visitors from 58 countries attended the 4th TOS+H EXPO.

“The remarkable outcome of TOS+H EXPO 2022 is clearly asserting its significance as the leading trade fair for the industry, in Turkey,” says Petra Cullmann, Executive Director at Messe Düsseldorf. “Our new partner, the Istanbul Chamber of Industries, paved the way for a high-caliber symposium with inspiring insights and intensive discussions, and our exhibitors again proved their expertise with a comprehensive overview of innovative products, equipment and services at the trade fair. We are proud to be sending clear signals in the market. We're giving a lead, both in Turkey and beyond, on the element that matters most: the individual.”

TOS+H Expo 2022 and the Occupational Health and Safety Symposium organized by the Istanbul Chamber of Industry were officially opened on May 14, 2022 by Ms. Petra Cullman, Executive Director Messe Düsseldorf and Sadık Ayhan SARUHAN, ICI Vice President. The new partnership with the Chamber of Industry will ensure the quality of the event and also strengthen the leading position of TOS+H Expo in Turkey.

“The Occupational Health and Safety Symposium, which we organized simultaneously with the 4th TOS+H Expo - Turkish Occupational Safety + Health Exhibition, was concluded with the presentations of 84 speakers in 22 sessions. Our symposium included highly interesting presentations on the environment, sustainability and labor law and was met with great interest by all parties and especially by representatives from all industrial sectors which deal with the topic of occupational safety and health at work. As ICI, we will continue to work to improve OHS processes in the next period”, said a spokesperson for the Istanbul Chamber of Industry.

Source:

Messe Düsseldorf GmbH

(c) adidas AG
Felix Auger-Aliassime
30.05.2022

adidas commitment to end plastic waste with SS22 Tennis Collection

adidas launches its SS22 Tennis Collection, a high-performance tennis apparel line featuring graphics inspired by Paris’ botanical gardens and green spaces, garments in the collection were made either in part with Parley Ocean Plastic or in part with recycled content.

Launching ahead of the most prominent clay court tournament of the summer, the SS22 Tennis Collection is being premiered on court by adidas next-gen athletes, Elena Rybakina and Felix Auger-Aliassime, alongside Maria Sakkari, Dominic Thiem and Stefanos Tsitsipas who all share a passion for championing sustainability and working together towards a better future for our planet.

From Insight to Action
The SS22 Tennis Collection is another step adidas is taking on its journey to help end plastic waste, and its athletes are sharing this commitment. For adidas athletes, what they wear on the court is not only performance attire but an expression of their personal style and beliefs.

adidas launches its SS22 Tennis Collection, a high-performance tennis apparel line featuring graphics inspired by Paris’ botanical gardens and green spaces, garments in the collection were made either in part with Parley Ocean Plastic or in part with recycled content.

Launching ahead of the most prominent clay court tournament of the summer, the SS22 Tennis Collection is being premiered on court by adidas next-gen athletes, Elena Rybakina and Felix Auger-Aliassime, alongside Maria Sakkari, Dominic Thiem and Stefanos Tsitsipas who all share a passion for championing sustainability and working together towards a better future for our planet.

From Insight to Action
The SS22 Tennis Collection is another step adidas is taking on its journey to help end plastic waste, and its athletes are sharing this commitment. For adidas athletes, what they wear on the court is not only performance attire but an expression of their personal style and beliefs.

Felix Auger-Aliassime, elite tennis player, commented: "I'm part of a generation of players who care about having an impact on and off the court. When I think about the future, it's not just about my future as a tennis player, but also about the future of the planet. . That's why I wear the new adidas SS22 collection made in part with Parley Ocean Plastic or in part with recycled materials – to send a message that we can all do our part by helping to end plastic waste.“

Fashion-foward Performance
The SS22 Tennis Collection is designed to be bold yet fully functional on court. Each garment features HEAT.RDY technology which is designed to keep players feeling cool, dry and confident as they take on their next challenge.

The Collection features two dresses, tank tops, long sleeve tees and a match skirt for female players. For male players, the collection consists of two tees, a sleeveless tee, a polo tee, a TECHFIT long sleeve top and two different types of shorts.

It is available in a number of different bold graphic prints, all inspired by the Serres d'Auteuil botanical garden. The prominent colors of the collection are black and white.

Source:

adidas AG

(c) Baldwin Technology Company Inc. / Barry-Wehmiller
26.05.2022

Baldwin’s TexCoat G4 finishing system minimizes chemical and water waste

Baldwin Technology Company Inc. has announced the installation of its TexCoat G4 finishing system at Graniteville Specialty Fabrics, a recognized leader in the production of specialty coatings and coated fabrics. With Baldwin’s cost-efficient and highly sustainable spray finishing technology, Graniteville Specialty Fabrics has been able to increase production efficiency, and minimize chemical and water waste.

Based in Graniteville, South Carolina, Graniteville Specialty Fabrics produces coatings and coated fabrics that are resistant to water, fire, UV and weather for the military, marine and tent markets, and others. The company excels in developing and sourcing custom coatings, and creating specialized technical solutions to meet specific, and often unique, end-user requirements. The installation of Baldwin’s TexCoat G4 is part of a major facility upgrade to maximize production efficiency and capacity in the durable water-repellent finishing and coating line to meet growing customer demand for advanced engineered products.

Baldwin Technology Company Inc. has announced the installation of its TexCoat G4 finishing system at Graniteville Specialty Fabrics, a recognized leader in the production of specialty coatings and coated fabrics. With Baldwin’s cost-efficient and highly sustainable spray finishing technology, Graniteville Specialty Fabrics has been able to increase production efficiency, and minimize chemical and water waste.

Based in Graniteville, South Carolina, Graniteville Specialty Fabrics produces coatings and coated fabrics that are resistant to water, fire, UV and weather for the military, marine and tent markets, and others. The company excels in developing and sourcing custom coatings, and creating specialized technical solutions to meet specific, and often unique, end-user requirements. The installation of Baldwin’s TexCoat G4 is part of a major facility upgrade to maximize production efficiency and capacity in the durable water-repellent finishing and coating line to meet growing customer demand for advanced engineered products.

With extensive sustainability benefits, unprecedented tracking and process control, and Industry 4.0 integration, the TexCoat G4 provides consistently high-quality fabric finishing, with no chemistry waste, as well as minimal water and energy consumption. This system utilizes non-contact precision-spray technology, ensuring precise finishing coverage with the exact amount of chemistry for reaching the optimal performance of the fabric. Changeovers (pad bath emptying, cleaning and refilling) are significantly reduced, resulting in substantial chemical conservation and increased productivity.

Source:

Baldwin Technology Company Inc. / Barry-Wehmiller

(c) PREMIUM Exhibitions GmbH
20.05.2022

Premium Group reveals first highlights of the new event cosmos

From 7 - 9 July, the who's who of the fashion industry and the entire fashion ecosystem will finally meet again in person at the events of the Premium Group at Messe Berlin! For business and exchange, for new experiences and impulses, for new brands and above all for one thing: for a new togetherness!

As usual, the trade shows PREMIUM and SEEK as well as the conference format FASHIONTECH are reserved for business professionals - who can find inspiration on site entirely. With the new D2C festival ‘The Ground – Celebration of Style & Culture’, young consumers and fashion enthusiasts from GenZ and GenY as well as the international community living in Berlin are invited to the exhibition grounds for the first time.

From 7 - 9 July, the who's who of the fashion industry and the entire fashion ecosystem will finally meet again in person at the events of the Premium Group at Messe Berlin! For business and exchange, for new experiences and impulses, for new brands and above all for one thing: for a new togetherness!

As usual, the trade shows PREMIUM and SEEK as well as the conference format FASHIONTECH are reserved for business professionals - who can find inspiration on site entirely. With the new D2C festival ‘The Ground – Celebration of Style & Culture’, young consumers and fashion enthusiasts from GenZ and GenY as well as the international community living in Berlin are invited to the exhibition grounds for the first time.

More than fashion: 360-degree inspiration at The Ground Festival
At The Ground, industry professionals meet young enthusiasts to inspire each other and discover new worlds. The Ground presents a completely new mix of topics, brands and partners around beauty, music, sport, play, soul and talks. Fashion is the connecting element of The Ground and runs through all areas. Creative and interactive brand presentations meet pre-loved and vintage store pop-ups, inspiring panel talks, sports and mental health workshops and live performances.

In the name of peace and unity: The Ground Festival opened by #FashionUnites Parade
On 7 July, the first The Ground Festival will open with a colourful parade through the capital. Together with the PLATTE.Berlin community, The Ground is organising a parade under the motto #FashionUnites starting at noon from the Victory Column through the west to the festival location of the Berlin exhibition centre. Accompanied by a Berlin DJ, everyone is invited to take part in the parade and can register here and thus also receive free access to The Ground on the first day of the festival.

High-profile charity campaign: The Ground launches 'MUST-HAVE PEACE Merch Collection'
Due to the ongoing war situation in Ukraine, the makers behind The Ground have launched a charity campaign: the MUST-HAVE PEACE Merch Collection. In this exclusive collaboration, players and brands such as Closed, Drykorn, Eastpak, Lala Berlin, Lee and others design one piece of merch each (denim jackets, shirts, shorts, bags) that can be bought during The Ground Festival.

New hub for sustainability: the SEEK Conscious Club
SEEK has always been a magnet for brands and people who have a common vision, tackle things and get them on the road. With the new SEEK Conscious Club, there will be a separate exhibition area focusing on sustainability - more than 80 sustainable brands are joining the club already.

New brand worlds at PREMIUM
This July, PREMIUM will be divided into three sections for the first time: High, Icon and Volume. High is the new home for brands that operate in the market above the premium segment. These include Lala Berlin, Nove, Helene Galwas and Jane Kønig. Icon covers the classic premium segment from Strellson and Seidensticker to Mos Mosh and Denham to Young Poets Society and Fabienne Chapot, and Volume is the new area for commercially successful brands that approach premium from the middle of the market. Here you will find brands like Gerry Weber, Mexx, Pierre Cardin or Miracle of Denim.

The Content Stage program
The stage program will reflect all relevant topics of the fashion ecosystem as part of the new Premium Group cosmos.

  • It starts on the first day of the fair, Thursday 7 July, with the popular FASHIONTECH conference.
  • On 8 July, the SEEK Conscious Club will host an extensive stage program on the subject of sustainability in all its facets for the first time.
  • On Saturday, 9 July, the stage will become the entertainment spotlight for The Ground visitors.
(c) adidas AG
19.05.2022

adidas and Yohji Yamamoto Re-Introduce Y-3 QASA HIGH

When adidas and Yohji Yamamoto first took to the runway at Paris Fashion week in October 2002 for the inaugural Y-3 collection, the brand with the Three Stripes and the avant-garde Japanese designer changed the worlds of fashion and sportswear. Over ten years later, in 2013, Y-3 introduced one of its most loved sneakers to date – the Y-3 QASA HIGH. Upon arrival, the boundary pushing silhouette made an instant impact in culture, and, having been worn by many of the world’s most forward thinking tastemakers, continues to do so to this day. Now, as adidas and Yohji Yamamoto ring in 20 years of collaboration, the iconic sneaker makes its timely return.

With Y-3 looking back on key moments, designs, materials, and silhouettes from the brand’s history, the Y-3 QASA HIGH once again takes center stage. Instantly identifiable by its expressive EVA outsole, which borrows from adidas’ 90s Tubular running technology, the daring silhouette features a neoprene sock-like upper with stretch mesh, elasticated strapping, a leather toe-cap, and suede heel lining. The avant-garde take on a high top trainer is then completed with a Poron® performance sockliner for cushioning.

When adidas and Yohji Yamamoto first took to the runway at Paris Fashion week in October 2002 for the inaugural Y-3 collection, the brand with the Three Stripes and the avant-garde Japanese designer changed the worlds of fashion and sportswear. Over ten years later, in 2013, Y-3 introduced one of its most loved sneakers to date – the Y-3 QASA HIGH. Upon arrival, the boundary pushing silhouette made an instant impact in culture, and, having been worn by many of the world’s most forward thinking tastemakers, continues to do so to this day. Now, as adidas and Yohji Yamamoto ring in 20 years of collaboration, the iconic sneaker makes its timely return.

With Y-3 looking back on key moments, designs, materials, and silhouettes from the brand’s history, the Y-3 QASA HIGH once again takes center stage. Instantly identifiable by its expressive EVA outsole, which borrows from adidas’ 90s Tubular running technology, the daring silhouette features a neoprene sock-like upper with stretch mesh, elasticated strapping, a leather toe-cap, and suede heel lining. The avant-garde take on a high top trainer is then completed with a Poron® performance sockliner for cushioning.

More information:
adidas shoes
Source:

adidas AG

Sustainable Apparel Forum (SAF) organized in Dhaka to Accelerate Apparel Sustainability in Post-Covid (c) Bangladesh Apparel Exchange
Hall View Sustainable Apparel Forum
18.05.2022

News from Sustainable Apparel Forum (SAF)

  • Sustainable Apparel Forum (SAF) organized in Dhaka to Accelerate Apparel Sustainability in Post-Covid

Policy makers, industry leaders, brands’ representatives and fashion campaigners from home and abroad gathered in Dhaka yesterday to accelerate momentum of sustainability in Bangladesh apparel industry.

More than 50 speakers as well as 20 green growth exhibitors from over 20 countries participated in the 3rd edition of Sustainable Apparel Forum (SAF) organized by Bangladesh Apparel Exchange (BAE) partnering with Bangladesh Garment Manufacturers & Exporters Association (BGMEA).

Five plenary sessions on ‘Demystifying Climate Action’, ‘Purchasing Practice’, ‘ESG (Environmental, Social & Governance) & Green Finance’, ‘Closing the Loop: Circular Economy in the Fashion Industry’, and ‘Due Diligence and Legislation’ held at the SAF along with an opening plenary and a closing plenary.  

  • Sustainable Apparel Forum (SAF) organized in Dhaka to Accelerate Apparel Sustainability in Post-Covid

Policy makers, industry leaders, brands’ representatives and fashion campaigners from home and abroad gathered in Dhaka yesterday to accelerate momentum of sustainability in Bangladesh apparel industry.

More than 50 speakers as well as 20 green growth exhibitors from over 20 countries participated in the 3rd edition of Sustainable Apparel Forum (SAF) organized by Bangladesh Apparel Exchange (BAE) partnering with Bangladesh Garment Manufacturers & Exporters Association (BGMEA).

Five plenary sessions on ‘Demystifying Climate Action’, ‘Purchasing Practice’, ‘ESG (Environmental, Social & Governance) & Green Finance’, ‘Closing the Loop: Circular Economy in the Fashion Industry’, and ‘Due Diligence and Legislation’ held at the SAF along with an opening plenary and a closing plenary.  

(c) Eurotay
18.05.2022

Garment manufacturer Eurotay at Denim Première Vision with its future-forward vision

Eurotay showcased at Denim Première Visionits vision and products through the AW 23/24 collection inspired by two themes: Nostalgia and #Still Possible.

Nostalgia stands for heritage and advancement, taking inspiration from classic favorites while enhancing new and existing styles. Setting the tone of the line are vintage-looking washes, echoing the 80s and 90s light acid washes as well as used look with bumped edges or fringed hems. Stretch, comfort stretch with very little elastane and even rigid denim feature in this collection providing catering to any need or preference.

The #Still Possible collection is based on the premise that the textile industry is one of the most polluting ones on the planet, thus it aims to shine a light on how a denim garment can still be made whilst reducing the number of resources employed and by being more conscious about the materials chosen. By using EIM and LCA, garment durability, traceability, recyclability as well as material health are guaranteed, for a collection that looks to a brighter and greener future.

Eurotay showcased at Denim Première Visionits vision and products through the AW 23/24 collection inspired by two themes: Nostalgia and #Still Possible.

Nostalgia stands for heritage and advancement, taking inspiration from classic favorites while enhancing new and existing styles. Setting the tone of the line are vintage-looking washes, echoing the 80s and 90s light acid washes as well as used look with bumped edges or fringed hems. Stretch, comfort stretch with very little elastane and even rigid denim feature in this collection providing catering to any need or preference.

The #Still Possible collection is based on the premise that the textile industry is one of the most polluting ones on the planet, thus it aims to shine a light on how a denim garment can still be made whilst reducing the number of resources employed and by being more conscious about the materials chosen. By using EIM and LCA, garment durability, traceability, recyclability as well as material health are guaranteed, for a collection that looks to a brighter and greener future.

Eurotay has been committed from day one to using less water, less energy, less chemicals to reduce its environmental footprint and its carbon emission and meet the goals of EU Green Deal targets. The company is geared towards building a more and more responsible industry by working hard to reach a set of sustainable goals by 2025. Additionally, the company is working on developing Life Cycle Assessment (LCA) and EPD (Environmental Product Declaration) measuring the global warming, water consumption, land occupation, eutrophication and abiotic depletion performances.

Source:

Eurotay / Menabò Group srl

(c) Officina39
18.05.2022

Officina39 with Trustainable™ collection FW 23 at Denim Première Vision

The Italian company presented its newest innovations and synergies, among the introduction of SMART O3, a new Ozone Booster improving the bleaching on indigo, and the educational experience Circular Explorations: Recipe for Change, in collaboration with Adriana Galijasevic’s Cocircular Lab at Denim Première Vision.

The Trustainable™ collection FW 23 presents the SMART 03
For Officina39, “Trustainable” is a term that expresses the company’s approach based on honesty, transparency and social responsibility: this attitude once again characterizes the technologies that have given shape to the Trustainable™ collection FW 23.

The latest technological addition to the line is represented by the new Ozone Booster SMART 03,
which assures more final bluish indigo shades, activating the reaction of Ozone on indigo without any strong oxidizing agent. Better results, less aggressive bleaching.

The Italian company presented its newest innovations and synergies, among the introduction of SMART O3, a new Ozone Booster improving the bleaching on indigo, and the educational experience Circular Explorations: Recipe for Change, in collaboration with Adriana Galijasevic’s Cocircular Lab at Denim Première Vision.

The Trustainable™ collection FW 23 presents the SMART 03
For Officina39, “Trustainable” is a term that expresses the company’s approach based on honesty, transparency and social responsibility: this attitude once again characterizes the technologies that have given shape to the Trustainable™ collection FW 23.

The latest technological addition to the line is represented by the new Ozone Booster SMART 03,
which assures more final bluish indigo shades, activating the reaction of Ozone on indigo without any strong oxidizing agent. Better results, less aggressive bleaching.

Less water, plus sustainability, empowered result
The new collection also marks the debut of Aqualess Fade, a technology that recreates the bleaching effect of chlorine on fabrics, a waterless special compound for the discoloration of denim on indigo/black garments which reduces resource consumption and environmental impact. This newest innovation completes and integrates Aqualess Mission, a combination of technologies that allows garment laundry processes to reduce 75% of the water use.

Officina39 and Adriana Galijasevic join forces
Circular Explorations: Recipe for Change is the collaborative and educational project developed by Officina39 and Adriana Galijasevic’s Cocircular Lab, showcasing the use of waste as a resource and prolonging the life of the garment through color. Several brands (C.P. Company, Tommy for Life/PVH Corp., Organic Basics, Asics, Lenzing and Camo) donated overstock garments as well as second-grade production or damaged, unsold pieces to be updated with newly developed applications made with Officina39’s Recycrom™, patented dyestuffs range made from textile waste.

Source:

Officina39 / Menabò Group srl

(c) Wiser Globe
18.05.2022

WOX by Wiser Tech hit Denim Première Vision with its futuristic design

For the first time at an in-person event, WOX by Wiser Tech hits Denim Première Vision, with its futuristic design and features leveraging Wiser Wash’s innovative potential. WOX machinery generation combines advanced hardware technology and software algorithms working on the cloud, laying new innovative foundations for fashion all over the world.

Making the finishing technologies fully traceable and accessible thanks to the advanced application of Wiser Tech Artificial Intelligence (AI) on the cloud system, WOX is one of the first of these technologies promising to redefine the entire market. Standing for Wiser Ozone X-perience, WOX physically consists of an ozone drum and generator – but, in its spirit, it was designed as a network object that provides data to Artificial Intelligence algorithms. With this feature it is really one-of-a kind in the industry, thanks to Artificial Intelligence’s potential to transform the existing business models and redefine the production process by developing new practices based on data analytics.

For the first time at an in-person event, WOX by Wiser Tech hits Denim Première Vision, with its futuristic design and features leveraging Wiser Wash’s innovative potential. WOX machinery generation combines advanced hardware technology and software algorithms working on the cloud, laying new innovative foundations for fashion all over the world.

Making the finishing technologies fully traceable and accessible thanks to the advanced application of Wiser Tech Artificial Intelligence (AI) on the cloud system, WOX is one of the first of these technologies promising to redefine the entire market. Standing for Wiser Ozone X-perience, WOX physically consists of an ozone drum and generator – but, in its spirit, it was designed as a network object that provides data to Artificial Intelligence algorithms. With this feature it is really one-of-a kind in the industry, thanks to Artificial Intelligence’s potential to transform the existing business models and redefine the production process by developing new practices based on data analytics.

The goal? To provide textile manufacturers with total control over their production, with credible sustainable solutions to address the most pressing environmental issues of the industry.

Source:

Wiser Globe / Menabò Group srl

(c) ISKO
18.05.2022

ISKO™ Luxury by PAOLO GNUTTI at Denim Première Vision

ISKO’s partnership with PAOLO GNUTTI, featuring exclusive creations for the luxury segment, landed at Denim Première Vision in Berlin. Merging sustainable and innovative fashion with new premium aesthetics.

The collection, launched for the first time at Denim Première Vision, embodies ISKO’s most revolutionary technological innovations combined with the long-standing expertise of Paolo Gnutti, who explored aesthetics highly profiled to the unique needs of the luxury segment through 7 main moods:

ISKO’s partnership with PAOLO GNUTTI, featuring exclusive creations for the luxury segment, landed at Denim Première Vision in Berlin. Merging sustainable and innovative fashion with new premium aesthetics.

The collection, launched for the first time at Denim Première Vision, embodies ISKO’s most revolutionary technological innovations combined with the long-standing expertise of Paolo Gnutti, who explored aesthetics highly profiled to the unique needs of the luxury segment through 7 main moods:

  1. Denim addicted, celebrating total denim looks, offering classic silhouettes mixed up with revised volumes and details;
  2. Y2k, bringing back the 2000s typical style featuring exposed skin, low waist pants, micro tops, mini skirts, shrunken garments, butterfly decorations and embellishments;
  3. Fanaticism, featuring bright, bold colors, intricate prints and logos combined with details that meet ample volume styles;
  4. Bounder glam, all about glammed up leather effects inspired by bikers' unapologetic style and applied to oversize fits, cutouts and lace-ups styles;
  5. Moto’roll, where the iconic 60s and 70s biker style is back with a modern twist and a vast range of treatments and fabrics, offering men and women true crowd-pleasers;
  6. Gingham mania, an in-depth exploration of the gingham trend which finds expression through various dimensions and techniques that cater to any silhouette;
  7. Rugged re-made, which celebrates workwear and historical garments creating a style that combines history with technologies, solutions and treatments to recreate that vintage look dear to the heart of lovers of denim heritage.
Source:

ISKO / Menabò Group srl

(c) ISKO
18.05.2022

ISKO returned to Denim Première Vision showcasing its 2023 Collection Vol.2.

Denim Première Vision marks the denim ingredient brand’s return to the tradeshow scene. Under the spotlight is “Iconic by nature”, ISKO’s show concept illustrates the company’s journey of evolution led by its signature Responsible Innovation™ approach. On this occasion, ISKO launches its 2023 Collection Vol.2 with new technologies, finishes and colors, and expressing the company’s passion for a cleaner and safer planet, laying the new foundations of ISKO’s sustainable fashion revolution.

The entire 2023 Collection Vol.2 contains recycled materials, and the majority consists of R-TWO™50+ fabrics made with a minimum of 50% recycled fibers, entirely GRS certified, resulting in less use of natural resources and a reduced carbon and water footprint of up to 45% and 65% respectively. An important and responsible development of this collection is that it features denim containing recycled and/or regenerated fibers, through unique fiber technology significantly saving on resources and energy while allowing for controlled traceability along the supply chain.

Denim Première Vision marks the denim ingredient brand’s return to the tradeshow scene. Under the spotlight is “Iconic by nature”, ISKO’s show concept illustrates the company’s journey of evolution led by its signature Responsible Innovation™ approach. On this occasion, ISKO launches its 2023 Collection Vol.2 with new technologies, finishes and colors, and expressing the company’s passion for a cleaner and safer planet, laying the new foundations of ISKO’s sustainable fashion revolution.

The entire 2023 Collection Vol.2 contains recycled materials, and the majority consists of R-TWO™50+ fabrics made with a minimum of 50% recycled fibers, entirely GRS certified, resulting in less use of natural resources and a reduced carbon and water footprint of up to 45% and 65% respectively. An important and responsible development of this collection is that it features denim containing recycled and/or regenerated fibers, through unique fiber technology significantly saving on resources and energy while allowing for controlled traceability along the supply chain.

The new collection features comfortable ISKO Reform™ Xp 100, allowing for a flattering fit and enhanced shape retention; ISKO Reform™ Hp, characterized by incredible holding power, granting a more streamlined and slimmer appearance; ISKO Blue Skin™, a stretch technology that works 4-ways to respond to the body’s movement like a second skin; ISKO Pop™, a patented concept that starts from the yarn, developed to give a touch of glamour with a soft cotton hand feel. Colors are key in the new collection too, with an important aspect regarding the use of mineral colors, natural dyestuffs.

Source:

ISKO / Menabò Group srl

(c) SHIMA SEIKI MFG., LTD
18.05.2022

SHIMA SEIKI to exhibit at SIMATEX 2022

Computerized knitting machine manufacturer SHIMA SEIKI MFG., LTD. will participate in the SIMATEX exhibition in Buenos Aires, Argentina from 30th of May - 2nd of June 2022.

SHIMA SEIKI will exhibit a wide range of its products, including proposals in seam-free WHOLEGARMENT® knitting technology that offers an alternative to labor-intensive manufacturing in the South American market. Three MACH2VS machines, capable of knitting WHOLEGARMENT® knitwear using every other needle, will be shown in 12, 16 and 18 gauge configurations. The N.SVR workhorse series improves on the SVR series, resetting the industry benchmark for shaped knitting. The N.SVR123SP featuring a special loop presser bed that can produce hybrid inlay fabrics with both knit and weave characteristics. Shown in 18 gauge at the SHIMA SEIKI booth, N.SVR123SP will also feature the special i-Plating option, capable of alternating yarn colors in any pattern, producing jacquard-like designs using plain jersey stitch for even greater diversity in knit design. N.SSR112 improves on the SSR series and continues to offer industry-leading technology in an economical yet reliable package made in Japan.

Computerized knitting machine manufacturer SHIMA SEIKI MFG., LTD. will participate in the SIMATEX exhibition in Buenos Aires, Argentina from 30th of May - 2nd of June 2022.

SHIMA SEIKI will exhibit a wide range of its products, including proposals in seam-free WHOLEGARMENT® knitting technology that offers an alternative to labor-intensive manufacturing in the South American market. Three MACH2VS machines, capable of knitting WHOLEGARMENT® knitwear using every other needle, will be shown in 12, 16 and 18 gauge configurations. The N.SVR workhorse series improves on the SVR series, resetting the industry benchmark for shaped knitting. The N.SVR123SP featuring a special loop presser bed that can produce hybrid inlay fabrics with both knit and weave characteristics. Shown in 18 gauge at the SHIMA SEIKI booth, N.SVR123SP will also feature the special i-Plating option, capable of alternating yarn colors in any pattern, producing jacquard-like designs using plain jersey stitch for even greater diversity in knit design. N.SSR112 improves on the SSR series and continues to offer industry-leading technology in an economical yet reliable package made in Japan.

Demonstrations will be performed on SHIMA SEIKI's SDS®-ONE APEX4 design system. At the core of the company’s “Total Fashion System” concept, SDS®-ONE APEX4 provides comprehensive support throughout the production supply chain, integrating production into one smooth and efficient workflow from yarn development, product planning and design, to production and even sales promotion. Especially effective is the way SDS®-ONE APEX4 improves on the design evaluation process with its ultra-realistic simulation capability, whereby virtual samples minimize the need for actual sample-making. This realizes significant savings in time, cost and material, contributing to sustainable manufacturing.

Source:

SHIMA SEIKI MFG., LTD

(c) Messe Frankfurt (HK) Ltd.
17.05.2022

Cinte Techtextil China to address personal hygiene and sustainability demands

With global consumers becoming more conscious about personal hygiene and environmental protection, exhibitors at Cinte Techtexil China will spotlight materials and technologies for products that respond to these trends. The fair will probe into the associated growth opportunities as the country is one of the leading markets for nonwovens and technical textiles. The event will be held from 6 – 8 September at the Shanghai New International Expo Centre.

The technical textiles and nonwovens industries, the latter notably, are significantly expanding amid the pandemic. A recent forecast[1] predicts that the global polypropylene nonwoven fabric market will continue to rise at a CAGR of 6.7%, reaching USD 39.23 billion by 2028. The anticipated growth is bolstered by demands in end-use industries such as sanitation, medical, automotive and more. In 2020, Asia Pacific was named the largest regional market in the world and is expected to grow significantly over the forecasted period.

With global consumers becoming more conscious about personal hygiene and environmental protection, exhibitors at Cinte Techtexil China will spotlight materials and technologies for products that respond to these trends. The fair will probe into the associated growth opportunities as the country is one of the leading markets for nonwovens and technical textiles. The event will be held from 6 – 8 September at the Shanghai New International Expo Centre.

The technical textiles and nonwovens industries, the latter notably, are significantly expanding amid the pandemic. A recent forecast[1] predicts that the global polypropylene nonwoven fabric market will continue to rise at a CAGR of 6.7%, reaching USD 39.23 billion by 2028. The anticipated growth is bolstered by demands in end-use industries such as sanitation, medical, automotive and more. In 2020, Asia Pacific was named the largest regional market in the world and is expected to grow significantly over the forecasted period.

The prediction reaffirms the growth prospects of nonwovens. In this regard, industry players expressed much optimism about associated future opportunities during Cinte Techtextil China last year. “The field of nonwovens is poised for a positive growth as the awareness of personal hygiene and pandemic prevention sustains in the domestic market,” commented Mr James Gao, Head of Marketing and Textile Technologies, Uster Technologies (China) Co Ltd. He added: “We decided to join the fair and showcase our new launches as we remain confident in the future development of the industry, especially since China is dominating the global scene.”

Going green is the way forward
Turning to yarns and fibres, the sector is shifting to greener and smarter production that echoes the trend towards sustainability that is gaining considerable traction across the globe. Meanwhile in China, this movement was observed by many exhibitors at the 2021 edition, including Mr Roberto Galante, Plant Manager of FMMG Technical Textiles (Suzhou) Co Ltd, the Chinese subsidiary of the Fil Man Made Group. He mentioned: “The market is paying more attention to environmental protection, and we receive enquiries about special yarns for this every day. We focus on technical yarns for filtration as well as anti-bacterial properties, which are very important for the environment. The potential here in China is incredible and this is a big opportunity for everybody.”

Cinte Techtextil China’s product categories cover 12 application areas, which comprehensively span across a full range of potential uses in modern technical textiles and nonwovens. These categories also cover the entire industry, from upstream technology and raw material providers to finished fabrics, chemicals and other solutions. This scope of product groups and application areas ensures that the fair is an effective business platform for the entire industry.

(c) adidas AG
13.05.2022

adidas and Juventus Reveal 2022/23 Home Jersey

adidas reveals the Juventus home jersey for the 2022/23 season. The classic black and white stripes are reimagined with a new graphic element to represent the magic of Allianz stadium.

Since the team’s move to the stadium in 2011, fans have enjoyed countless moments of magic at the venue. For this season, in a new dynamic interpretation of the club’s identity, the jersey draws inspiration from the five triangles of the star as symbol of magic, creating a new visual icon.

The new jersey is made with 100% recycled materials and features the latest in adidas’ temperature regulation innovation, HEAT.RDY – KEEP COOL, which is designed to keep players feeling cool, dry, and confident during play by optimizing sweat distribution and maximizing airflow.

The replica shirt offers similar benefits thanks to the inclusion of AEROREADY – KEEP DRY technology, keeping fans comfortable and ready as it manages the body’s sweat for a dry feeling.

adidas reveals the Juventus home jersey for the 2022/23 season. The classic black and white stripes are reimagined with a new graphic element to represent the magic of Allianz stadium.

Since the team’s move to the stadium in 2011, fans have enjoyed countless moments of magic at the venue. For this season, in a new dynamic interpretation of the club’s identity, the jersey draws inspiration from the five triangles of the star as symbol of magic, creating a new visual icon.

The new jersey is made with 100% recycled materials and features the latest in adidas’ temperature regulation innovation, HEAT.RDY – KEEP COOL, which is designed to keep players feeling cool, dry, and confident during play by optimizing sweat distribution and maximizing airflow.

The replica shirt offers similar benefits thanks to the inclusion of AEROREADY – KEEP DRY technology, keeping fans comfortable and ready as it manages the body’s sweat for a dry feeling.

More information:
adidas Sportswear T-Shirt Recycling
Source:

adidas AG

(c) The Montalvo Corporation
13.05.2022

Montalvo publishes article on how to test and troubleshoot Load Cells

Montalvo, an international specialist in Web Tension Control and Web Handling, publishes an article educating users on how to troubleshoot and test Load Cells. Load Cells play an integral role in measuring the Web Tension throughout the process, and as such, they must be accurate and function properly at all times. Furthermore, they are required to perform in every environment, which, at times, can present numerous challenges to their functionality, and thus knowing how to troubleshoot Loads Cells could shorten machine downtime. In this brief article, Montalvo explains why Load Cells fail and provides four ways to troubleshoot, diagnose and solve any missed performance features.  
 

Montalvo, an international specialist in Web Tension Control and Web Handling, publishes an article educating users on how to troubleshoot and test Load Cells. Load Cells play an integral role in measuring the Web Tension throughout the process, and as such, they must be accurate and function properly at all times. Furthermore, they are required to perform in every environment, which, at times, can present numerous challenges to their functionality, and thus knowing how to troubleshoot Loads Cells could shorten machine downtime. In this brief article, Montalvo explains why Load Cells fail and provides four ways to troubleshoot, diagnose and solve any missed performance features.  
 
Doug Brockelbank, Director of Technical Sales and Service, says, “Providing high-quality products is one thing; but providing technical support 5, 10, and even 20 years after the products were installed is entirely different. Montalvo’s technical support and services are one of our known key differentiators in the market, and we pride ourselves on it. Our Load Cells are designed to work in the roughest environments without any difficulties. But as rare as it is, Load Cells can start to miss perform, and in this case, our customers know that Montalvo is here for them. The goal of our internal sales support and technical services team is to provide our customers with the support they require, whether that be videos, technical articles, or in-person or over-the-phone support.

More information:
Montalvo web tension control
Source:

The Montalvo Corporation

(c) Oerlikon
The new Staple Fiber Technology Center in Neumünster
13.05.2022

Oerlikon Polymer Processing Solutions at Techtextil 2022

  • Sustainable infrastructure solutions, road safety and health protection

At this year’s Techtextil, Oerlikon Polymer Processing Solutions will be presenting the trade audience with new applications, special processes and sustainable solutions focusing on the production of industrial textiles. Among other things, the company will be showcasing new technology for charging nonwovens that sets new standards with regards to quality and efficiency. Between June 21 and 24, the discussions will be concentrating on airbags, seat belts, tire cord, geotextiles, filter nonwovens and their diverse applications.

  • Sustainable infrastructure solutions, road safety and health protection

At this year’s Techtextil, Oerlikon Polymer Processing Solutions will be presenting the trade audience with new applications, special processes and sustainable solutions focusing on the production of industrial textiles. Among other things, the company will be showcasing new technology for charging nonwovens that sets new standards with regards to quality and efficiency. Between June 21 and 24, the discussions will be concentrating on airbags, seat belts, tire cord, geotextiles, filter nonwovens and their diverse applications.

More polyester for airbags
Airbags have become an integral part of our everyday automotive lives. The yarns used in them are made predominantly from polyamide. As a result of increasingly diverse airbag applications and also the increasing size of the systems used, polyester is today used as well, depending on the application requirements and cost-benefit considerations. Against this background, the Oerlikon Barmag technologies make an invaluable contribution. In addition to high productivity and low energy consumption, they particularly excel in terms of their stable production processes. Furthermore, they comply with every high quality standard for airbags, which – as in the case of virtually all other textile products used in vehicle construction – must provide the highest level of safety for vehicle occupants. And all this without any loss of function in any climate and anywhere in the world for the lifetime of the vehicle.

Buckle up!
Seat belts play a decisive role in protecting vehicle occupants. They have to withstand tensile forces in excess of three tons and simultaneously stretch in a controlled manner in emergencies in order to reduce the load in the event of impact. A seat belt comprises approximately 300 filament yarns, whose individual, high-tenacity yarn threads are spun from around 100 individual filaments.

Invisible, but essential – road reinforcement using geotextiles
But it not just inside vehicles, but also under them, that industrial yarns reveal their strengths. Low stretch, ultra-high tenacity, high rigidity – industrial yarns offer outstanding properties for the demanding tasks carried out by geotextiles; for instance, as geogrids in the base course system under asphalt. Normally, geotextiles have extremely high yarn titers of up to 24,000 denier. Oerlikon Barmag system concepts simultaneously manufacture three filament yarns of 6,000 denier each. Due to the high spinning titers, fewer yarns can be plied together to the required geo-yarn titer in a more cost- and energy-efficient manner.

hycuTEC – technological quantum leap for filter media
In the case of its hycuTEC hydro-charging solution, Oerlikon Neumag offers a new technology for charging nonwovens that increases filter efficiency to more than 99.99%. For meltblown producers, this means material savings of 30% with significantly superior filter performance. For end users, the consequence is noticeably improved comfort resulting from significantly reduced breathing resistance. With its considerably lower water and energy consumption, this new development is also a future-proof, sustainable technology.

New high-tech Staple Fiber Technology Center
Extending to around 2,100 m2, Oerlikon Neumag in Neumünster is home to one of the world’s largest staple fiber technology centers. As of now, these state-of-the-art staple fiber technologies are also available for customer-specific trials.

The focus during the planning and the design of the Technology Center was on optimizing components and processes. Here, special attention was paid to ensuring the process and production parameters in the Technology Center system could be simply and reliably transferred to production systems. Here, the fiber tape processing line is modular in design. All components can be combined with each other as required. And comprehensive set-up options supply detailed findings for the respective process for various fiber products.

The Technology Center is also equipped with two spinning positions for mono- and bi-component processes. The same round spin packs are used for both processes, characterized by excellent fiber quality and properties and meanwhile very successfully deployed in all Oerlikon Neumag production systems. Furthermore, the spinning plant is complemented by automation solutions such as spin pack scraper robots, for example.

More information:
Oerlikon Neumag Techtextil
Source:

Oerlikon

12.05.2022

Indorama Ventures reports results for 1Q22

Indorama Ventures Public Company Limited (IVL) reported a strong 1Q22 result, building on its record FY 2021 performance as the pandemic continued to retreat, driving demand across the company’s global integrated portfolio.

IVL achieved 1Q22 Core EBITDA of US$650 million, up 41% QoQ and 77% YoY, and a 4% increase in production volumes to 3.80 MMT. All three of IVL’s business segments grew as the company’s leading global position benefited overall in an environment of higher crude oil prices, increased ocean freight rates and a strengthening US dollar, led by resurging consumer demand and global mobility.

IVL’s Integrated Oxides and Derivatives (IOD) business benefits from a high crude oil price environment, as its shale gas advantage supports MTBE and MEG margins. As ocean freight rates increase, IVL’s PET and Fibers segments gain due to increased import parity pricing in Western markets, where about two thirds of its portfolio is situated. Management’s agile response to hedging and levying surcharges has helped to partially recuperate the surge in energy and utility costs in Europe as a consequence of the Russia-Ukraine conflict.

Indorama Ventures Public Company Limited (IVL) reported a strong 1Q22 result, building on its record FY 2021 performance as the pandemic continued to retreat, driving demand across the company’s global integrated portfolio.

IVL achieved 1Q22 Core EBITDA of US$650 million, up 41% QoQ and 77% YoY, and a 4% increase in production volumes to 3.80 MMT. All three of IVL’s business segments grew as the company’s leading global position benefited overall in an environment of higher crude oil prices, increased ocean freight rates and a strengthening US dollar, led by resurging consumer demand and global mobility.

IVL’s Integrated Oxides and Derivatives (IOD) business benefits from a high crude oil price environment, as its shale gas advantage supports MTBE and MEG margins. As ocean freight rates increase, IVL’s PET and Fibers segments gain due to increased import parity pricing in Western markets, where about two thirds of its portfolio is situated. Management’s agile response to hedging and levying surcharges has helped to partially recuperate the surge in energy and utility costs in Europe as a consequence of the Russia-Ukraine conflict.

The re-opening of economies bodes well for demand across IVL’s portfolio. However, China’s ongoing pandemic lockdowns impacted downstream polyester demand resulting in weakened MEG spreads. IVL’s businesses trade in US dollars and a strengthening dollar has positive impact, reducing conversion costs in emerging economies where IVL has a strong local presence.

Combined PET segment reported Core EBITDA of US$435 million, up 63% QoQ and 67% YoY supported by the reset of PTA/PET contracts at the end of 2021. IVL expects the tight supply-demand environment to continue through 2022, boosted by the upcoming peak summer season.

IOD segment achieved Core EBITDA of US$126 million, up 3% QoQ and 258% YoY as MTBE margins benefited from higher crude oil prices, demand remains strong for downstream products, and as the commissioning of the Lake Charles cracker contributes to earnings in 2022. The integration of the Oxiteno acquisition, completed in April, will bring additional upside to IOD from 2Q22.

Fibers segment delivered Core EBITDA of US$85 million, an increase of 4% QoQ and 17% YoY. Demand across the three Fibers verticals is stable with domestic sales yielding better profitability, while higher freight rates weighed on margins on export volumes from Thailand, Indonesia and India, and increased energy and utility costs impacted European operations.

1Q22 Performance Highlights

  • Consolidated Revenue of US$4,444M, an increase of 12% QoQ and 37% YoY
  • Record Reported EBITDA of US$784M, a YoY growth of 63%, and Core EBITDA of US$650M, a YoY growth of 77%
  • Production volumes up 4% YoY to 3.80 MMT
  • Reported Net Profit of THB 14,070M, Core Net Profit of THB 10,578M
  • Reported EPS of THB 2.47 (LTM1Q22: 5.98) and Core EPS of THB 1.85 (LTM1Q22:4.96)
  • Record Core EBITDA Margin at 15%
Source:

Indorama Ventures Public Company Limited