From the Sector

wear2wear is an innovative industrial partnership dedicated to high-quality and sustainable clothing. Five expert partners in Europe have come together to cover the entire recycling loop. On cutting-edge production systems, textile fibres from used clothing will be turned into functional fabrics. Schoeller Textil AG is supplying a wholistic textile portfolio for the workwear area. At Schoeller Textil, the recyclable, functional fabrics from the wear2wear concept belong to the Inspire fabric group. These are high-quality protective workwear fabrics made of 100 percent polyester, which offer the greatest clothing comfort and often feel just like cotton. They are also compliant with the stringent requirements of the bluesign® system.

The sustainable wear2wear concept is synonymous with high-quality, responsible clothing. In European operations, textile fibres from used garments are used to produce new functional fabrics. Depending upon the area of intended use, they also meet strict waterproofing, breathability, protection and comfort requirements. To ensure that the raw material cycle comes full circle, these textiles can be recycled again when they reach the end of their service life. As a result, there is no waste, and they go on to produce new garments. As the wear-2-wear partner companies guarantee that – from the quality of the raw materials to the guaranteed recycling end process – these are 100 percent recyclable, functional fabrics made of recycled textile fibres. Water- and dirt-repelling technologies based on renewable raw materials, along with the most advanced membrane technology, will ensure that the textiles are manufactured and impregnated entirely without the use of PFC in the future too.

Five partner companies  
The five European partner companies in the wear2wear cooperation cover the entire recycling loop. Heinrich Glaeser Nachfolger GmbH is a German fibre and yarn producer and the “recycler” in the loop. Märkischen Faser GmbH (D) is the “upcycler” and fibre manufacturer. Carl Weiske GmbH & Co. KG (D) develops the polymers, fibres, yarns, chemical additives and textile systems, and TWD Fibres GmbH (D), a fully-integrated filament yarn producer, covers the entire range of polyester and polyamide 6.6 continuous filament yarns. Schoeller Textil AG, the innovative Swiss company, is responsible for textile production and manufactures sustainable high-tech fabrics with maximum clothing comfort. The matching climate-neutral and similarly 100 percent recyclable PTFE and PFC-free membrane, as well as recycled outer materials and linings, are supplied by Sympatex Technologies (D), the ecological alternative among the textile function specialists. DutchSpirit is a Dutch company which has been dedicated to environment-friendly clothing since 2010. Its mission is to significantly increase the awareness for sustainable clothing and offer recyclable clothing in the workwear segment. DutchSpirit is the initiator for the development of the Inspire products from Schoeller Textil and provided the inspiration for the wear2wear concept. Further garment-making partners who now also belong to the cooperative group include: Anchor Workwear BV (NL), Hüsler Berufskleider AG (CH), Groenendijk Bedrijfskleding BV (NL), Bedrijfskledingdiscounter BV (NL) and Rifka'S (NL).

At ITMA 2019 in Barcelona from June 20-26 FONG’S Europe, a member of CHTC FONG’S International Group, will be providing details of its new THEN Supratec LTM hydraulic long-tube dyeing machine.

This machine is distinguished by the ability to vary the angle of the Then Flexkier for either dry (jet) or wet (overflow) mode dyeing, in order to optimise the dye liquor ratio – from 1:15 down to 1:4 – depending on the materials being dyed.

This translates into considerable savings in auxiliaries, water and energy.

The Supratec LTM is suitable for the treatment of both woven and knitted fabrics ranging from the most sensitive articles to heavyweight materials within the weight range of 25 g/lm to 380 g/lm, and operates at very low tension due to the extremely low lifting height between the variable nozzle and the plaited fabric.

“Existing Supratec machines on the market are providing excellent performance for a wide range of delicate synthetic fabrics, from polyester to polyamide with high content of elastane,” says FONG’S Europe Director of Sales and Marketing Richard Fander. “Heat-setting can often can be avoided, which improves the handle of the material and saves costs and the lengthwise-elongation of the fabric being treated is lower than on winch-driven machines.”

At home, at work, on the street, in the sky, on the water, even in space, technical textiles and nonwovens are swinging towards ever higher performances in amazing applications. Versatile and light, but sometimes stronger than metal, these materials of the future gain their superpowers from the interaction of precisely coordinated textile systems. At Techtextil in Frankfurt am Main from May 14 to 17, 2019 in Hall 3, B06, Oerlikon will be showing chemical fiber applications made of polyester, polypropylene and Co. and what they can do in these fields. However, these exhibits are only a communicative means to an end, as Oerlikon is primarily interested in placing the associated machinery and plant solutions at the centre of discussions with trade fair visitors.

More than two thirds of all technical innovations are directly or indirectly based on new materials, says the German Research Ministry. One could add: The key to a more advanced world, for technological products with amazing functions, breathtaking performance and greater environmental benefits, is also to improve the properties and processing of materials. This applies first and foremost to textiles. Probably no other fabric is so strong as a "team player" who draws its strength from its cohesion. A single polyester thread, for example, looks inconspicuous. Processed into a thigh-thick special weave, however, high-strength High Modulus/High Tenacity fibers anchor floating oil platforms in the deepest waters. These kilometer-long "Mooring Ropes" withstand a breaking load of well over 1,000 tons and perform their task better than steel. For decades, Oerlikon Barmag has been offering special solutions for the production of so-called industrial yarns (IDY) that are tailored to customers worldwide. "We will once again be presenting numerous innovations at this trade fair to inspire our customers," explains Dr.-Ing. Dipl.-Chem. Roy Dolmans, Technology Manager IDY and R&D Filament Processing.

• New game-changing Kornit NeoPoly Technology with industry-first innovation for industrial polyester printing that prevents dye migration.
• New Kornit Avalanche Poly Pro system unveiled at events during April, commercially available immediately.

Kornit Digital Ltd. (NASDAQ: KRNT), a global market leader in digital textile printing innovation, unveiled the game-changing Kornit NeoPoly Technology, which is the industry’s first digital, industrial process for high-quality printing on polyester.

Polyester is the second largest category in the overall T-shirt market, it is key in the sport segment, and is growing in the athleisure and functional apparel segments. Currently polyester is printed predominantly by analog solutions, which creates major technological, cost and sustainability challenges.  

The new ground-breaking Kornit NeoPoly Technology addresses these challenges with a new process and ink set implemented in the renowned Kornit NeoPigmentTM process. Kornit’s new process handles polyester applications without compromising on design, run size, substrate or labor.

The breakthrough technological innovation is achieved by an innovative ink set and a physical and chemical process specifically developed for low temperature curing, and polyester enhancing functionalities developed to maintain fabric characteristics and provide superior fastness. This unique process prevents dye migration on polyester.  The inks are Oeko-Tex and Eco-Passport certified and do not contain PVCs or other toxic ingredients.

The first system equipped with the Kornit NeoPoly Technology is the new Kornit Avalanche Poly Pro, a member of Kornit’s world-class reliable, highly productive industrial platform. The single-step Poly Pro is the perfect system for the industry, enabling easy and cost effective short-runs and on-demand printing on polyester garments.

• Exclusive market insights, best practices and inspirational thoughts, alongside previews of Kornit’s new dedicated polyester printing technology

Kornit Digital, (NASDAQ: KRNT), a global market leader in digital textile printing technology, invites all textile printers, garment decorators, Kornit users, prospective customers and anyone who is curious about the latest trends and technology in digital textile printing, to its “Kornit Discover” events.

Taking place April 3-4 in the New York Metropolitan area, April 11-12 in Duesseldorf, Germany and April 15-17 in Hong Kong, each event will feature educational workshops with real-world insights delivered by high-level guest speakers. Highlighting the North American event will be a keynote by Breakaway Sports owner Scott Goldstone, multiple case study presentations, and a panel discussion with editors of key publications serving the imprinted apparel industry. The European event will feature a keynote called “The Future of Retail” by futurist Kai Gondlach, a digital transformation review of the textile industry by Tansy Fall, editor-in-chief of Digital Textile 4.0 and an insightful chat with Kornit user Shirtracer, Nuremburg. The Asian instance will feature Ron Gilboa as main speaker and Kornit’s customer Paintory.

Omer Kulka, Kornit Digital’s Vice President of Marketing and Product Strategy, said: “There are still a lot of perceptions and opinions in the market about direct-to-garment printing and what its opportunities and limitations are. Printing on dark polyester is a prime example: there is an opinion in the market that digital printing and dark poly don’t go well together, and we just lifted this barrier. With Kornit Discover, we are creating an industry event that will challenge these established thinking patterns. In fact, we will transform the way visitors think and print!”

"Datacenter in a box" is the new powerful, flexible and secure IT infrastructure solution for the textile industry of the future

Remscheid/Berlin – Oerlikon Manmade Fibers Segment Industrie 4.0 solutions for the production of polyester, nylon and polypropylene are based on the digitalization of the production landscape and the intelligent processing of the flood of data generated in this way. In the future, the segment will offer its customers a new powerful, flexible and, above all, secure IT infrastructure. The "Datacenter in a box" was presented for the first time at the OpenStack Summit in Berlin, Germany, to a broad specialist audience. The compact datacenter works on the basis of the open operating system OpenStack, which enables virtual computing in a secure private cloud environment.

Externally, the datacenter looks unspectacular: The box contains standard hardware such as server rack, network components, batteries for reliability, monitoring sensors and a few more things. But what counts are the inner values. The Open Source software OpenStack consists of many different services and allows the virtualization of a large pool of computing, storage and network resources in a flexible, scalable private cloud. This brings two central advantages: On the one hand, virtual operation reduces costs and simplifies configuration, adaptation and expansion of the IT infrastructure today and tomorrow. On the other hand, long-cherished wishes for high data protection are fulfilled, because a private cloud maintains secure, highly encrypted data connections away from the World Wide Web.

"The functional diversity of a cloud, operation and hardware in one's own four walls at the same time – our customers immediately understood these advantages" reports Mario Arcidiacono, specialist for Business Intelligence & Data Warehouse at the Oerlikon Manmade Fibers Segment. The IT architecture also guarantees infrastructure management without downtime, the system and virus protection are automatically kept up to date at all times. Another major advantage is the scalability of the hardware and software, which can be adapted to changing requirements.

OpenStack Summit: Project example with yarn manufacturer from Vietnam presented

With these trump cards and a project example, the Group segment confidently presented itself to a genuine specialist audience in mid-November. At this year's OpenStack Summit in Berlin, where thousands of cloud professionals met, Oerlikon Manmade Fibers Segment CEO Georg Stausberg presented the customer installation at Century Synthetic Fibre Corporation, which supplies many well-known sporting goods manufacturers. The Vietnamese producer of high-quality yarns not only uses the new datacenter, but also the connection to the new "Common Service Platform (CSP)" of the Oerlikon Manmade Fibers Segment as well as an innovative new dashboard solution in prototype status. In this case, the digital instrument panel supports employee communication during shift changes in the yarn factory and introduces agile methods into the work process. The board visualizes the progress of central key figures and operating parameters from the current production process. Based on this, the employees of the successive shifts can now exchange important process and quality information and possible instructions for action within a few minutes in a structured stand-up meeting. "For the customer this means an immediate improvement of the processes, and he can significantly increase the efficiency and quality of his employees' work," assures Joerg Gross, Senior Manager in the IT-architecture team at the Oerlikon Manmade Fibers Segment.

New IT-basis for the Plant Operation Center (POC) already successful established on the market

The fixed connection to the "Common Service Platform (CSP)" of the Oerlikon Manmade Fibers Segment plays a pioneering role in such solutions. This enables services and software updates to be provided smoothly, quickly and automatically. In this way, service applications can transform collected data into instructions or automated commands to secure and improve processes. For example, the secure availability of management solutions such as the Plant Operation Center (POC) for process monitoring can be increased and possible errors can be rectified very quickly. The new digital solution AIM4DTY (AIM = Artificial Intelligence Manufacturing), which was unveiled at the ITMA ASIA + CITME 2018 in Shanghai, China, a few weeks ago, can also be implemented in this way. AIM4DTY uses methods of machine learning, determines probable causes of errors in texturing and helps to improve quality during production.

Launch at ITMA Barcelona 2019

The Oerlikon Manmade Fibers Segment offers such remote-supported services on request. Data will therefore only be transferred to the “Common Service Platform (CSP)” with the customer's consent. In addition, all data is processed in accordance with the new European General Data Protection Regulation (GDPR) and all other international data protection standards. Against this backdrop, the Oerlikon Manmade Fibers Segment plans to provide its datacenter with graded or customer-specific solutions: from complete service to provision with customer training for its own operations. After initial practical experience with several pilot customers, the segment intends to launch its offering on the market next year and officially present it to the textile industry at ITMA 2019 in Barcelona, Spain.

The brand has been invited to present the SS2019 @ Budapest Fashion Week on November 14th, 2018

For the third consecutive year, the Italian brand Zerobarracento was selected to embody the excellence of our country at the Budapest Fashion Week. On November 14th, Zerobarracento will show on runway S/S 2019. The concept of connection to a fashion garment, and the idea of creating pieces to last is fundamental to this brand. 0 means: zero waste, reduced pollution, and reduced emissions. 100 means: 100% quality, Made in Italy, sustainability and transparency of the production. Patterns are developed with zero-waste techniques, that eliminates textile waste at the design stage, adopting a zero-waste design approach reduces textile waste and the demand on natural resources. The pieces are 100% made in Italy, created with premium sustainable and traceable materials.

Camilla Carrara, CEO and designer di Zerobarracento, describes the collection as follows: "garments are created with the GOTS certified Bacx™ by Centro Seta organic silks sourced from C.L.A.S.S. e.commerce and the Newlife™ transformed polyester. Shapes and colours were inspired by a Malaysian trip: simplicity and nature are blended giving life to saturated colours".

• At Kingpins Show Amsterdam (24-25 October) the new “Committed Accessories” dedicated to denim take centre stage.

For the appointment with the exhibition dedicated to denim Metalbottoni focuses on its new range of increasingly green accessories which have captured the attention of the northern European brands most attentive to sustainability in the world of jeans and elsewhere. A range of proposals which, in recent months, has progressed remarkably, following the rules established by the corporate responsibility protocol called NO IMPACT.

This is a responsible approach underlined by the promise “Committed Accessories”, but also a strategic choice with a view to approaching those markets which so far have appeared to be most keen on the subject, for example northern Europe, Benelux and the United States, California in particular. This means that Metalbottoni is acting with increasing assertiveness on those scenarios where it has been present for a long time, in order to increase the segments depth, intercepting new ones, thanks to its wide-ranging eco-compatible proposal.

NO IMPACT: “Committed Accessories” expanded

It is the constant search for sustainable innovation that reveals the extent of the progress made over the past few months by Metalbottoni. For the Kingpins Show exhibition, there are many novelties in store from the company, extending its range in terms of sustainability. Firstly, there is the new MONSTER line eco-processing, special for pure denim, which – apart from metal – includes new material solutions developed through high-profile collaborations.

Also the LEATHER ACCESSORIES line is extending its range of sustainable materials. The line of tags and rear waistband labels is enhanced through interpretations based on two new eco-friendly materials: recycled jacron and cork. For denim designed to be 100% green, also in accessories. Sustainable proposals are increasingly integrated throughout the Metalbottoni range, for example the new glossy and satin finishing developed for the line LABORA on exclusive metal accessories.

Partnerships with brands from northern Europe: Bik Bok and Kings of Indigo

One of the most important collaboration in sustainable fashion is the one with the Norwegian brand Bik Bok. The brand that was founded in 1973 dedicated to young women, today offer accessible trend driven fashion through a network of over 200 single-brand stores in Norway, Sweden, Finland and Austria. The brand has since 2017 chosen to use only BCI (Better Cotton Initiative) certified cotton for their in house premium denim brand Never Denim. For Never Denim Metalbottoni has realized a series of jeans buttons and personalized rivets, all entirely produced according to the NO IMPACT protocol; which means recycled raw materials, no use of chemical agents, through processing and machinery that minimize the use of water and electricity, resulting 100% from photovoltaic panels. All these features are part of a capsule developed for the new AW 2018 collection for Never Denim entirely made with Fair Trade certified cotton. Thanks to this project, the No Impact becomes an integral part of a collection that is aimed at a very large, young and aware public.

Another important brand which has chosen the new NO IMPACT metal accessories is Kings Of Indigo, the Dutch denim mill which is presenting top-quality jeans, inspired by traditional American style, combined with Japanese attention to detail, which today has as many 250 authorised dealers in 12 countries, with a very strong focus on northern Europe.

More and more sportswear for the new Monster SS 2020 collection

The great Metalbottoni classic dedicated to denim confirms the trend of strongly merging with the world of sportswear. The MONSTER line introduces the style developments of the SS 2020 season, with the range being more and more influenced by technical and sports interpretations, alongside sustainable production processes based on the NO IMPACT protocol. The new MONSTER proposals include items made of non-metal material, using sustainable processes, of natural origin and 100% biodegradable; these accessories are similar in appearance to traditional polyester, interpreted in a responsible way, developed through a series of special and unique effects. Also the button, rivet and small plate range has been restyled, having always been the core of the MONSTER line. Today the number of solutions available increases  hanks to new vintage finishing, developed on metal accessories, which are also totally green. “The denim world is moving in a clear direction: that of sustainability.” says Maria Teresa Ricciardo, Creative Director at Metalbottoni, “This is true in particular for some markets, which are strategic for us, and where we are proving increasingly successful, thanks to constant product and process research from a green  perspective, which Metalbottoni today is able to offer within the framework of the NO IMPACT pathway which we have been pursuing for a long time”.

Bobingen - Trevira GmbH, Germany, is again participating as an exhibitor at this year’s Building Healthcare show in Dubai, from 2-4 October. The manufacturer of high-value polyester fibres will present a large variety of fabrics made by 12 partners from inherently flame retardant Trevira fibres and yarns.

Modern furnishing concepts for healthcare environments are making increasing demands in terms of quality, functionality, colouring and hygiene. Perfectly matched materials and colour concepts in the interior not only help to provide good orientation for the residents, but also create more attractive spaces. In addition, the use of appropriate textiles such as curtains, drapes, blinds and sliding panels, fabric-covered dividing panels, upholstery and bedding textiles, can improve the room acoustics, protect your privacy and let the room appear in a pleasant light. In healthcare environments where hygiene and cleanliness are of particular importance, antimicrobial textiles may be used.

Trevira CS® and Trevira CS Bioactive® create a safe, attractive and comfortable environment in hospitals, clinics, spas, care homes and all other sectors in the contract sector.

Trevira CS Bioactive® contract textiles combine flame retardant and antimicrobial functions, which makes them the ideal material for use in healthcare facilities. They inhibit the growth of bacteria, prevent the formation of odours in/on the fibre and keep the textiles fresh for a longer time. The permanent flame retardant and bioactive properties of their fibres is integrated at molecular level, meaning that they remain unaffected by repeated washing, abrasion and ageing. This gives them an advantage over textiles with only a supplementary surface finish.

Trevira CS® and Trevira CS Bioactive® fabrics for the healthcare sector presented at the show stand come from these suppliers: Delius, Dina Vanelli, Fidivi Tessitura Vergnano, Gebrüder Munzert, JAB, Mattes & Ammann, Pugi, Rubelli, Rudolf Breuer Mechanische Weberei, Schmitz Textiles/drapilux, Subrenat, Verotex.

Trevira CS® and Trevira CS Bioactive® fabrics meet the requirements of the relevant international fire safety standards and can be certified according to the IMO regulations for the maritime sector. All Trevira fibres and yarns carry the Oekotex Standard 100 certificate. They are manufactured in accordance with the highest standards for sustainable products. A broad variety of collections with thousands of designs are available in Trevira CS® worldwide.

• Decline in revenue due to volatile standard viscose prices and currencies
• Prices for key raw materials still high
• New production line in Heiligenkreuz in start-up phase
• Backward integration into dissolving wood pulp to be strengthened via joint venture in Brazil

Lenzing – The Lenzing Group generated solid results in a challenging market environment in the first half of 2018. The decline in revenue and earnings compared with the first half of the previous year, which was the best half-year in the company’s history, was based on a mix of volatile prices for standard viscose and price increases for key raw materials, coupled with currency effects. The Lenzing Group’s strategic orientation with a focus on specialty fibers had a positive impact in this environment and is increasingly bearing fruit. The corporate strategy sCore TEN is being implemented with great discipline in order to expand the company’s offering of specialty fibers and even more extensively support customers and business partners.

Revenue declined by 6.4 percent compared with the first half of the previous year to EUR 1,075.4 mn. This decrease is primarily attributable to less favorable currency exchange rates. EBITDA (earnings before interest, tax, depreciation and amortization) decreased by 28.1 percent to EUR 194.8 mn, especially due to price increases for key raw materials and higher energy prices. The EBITDA margin fell from 23.6 percent in the first half of 2017 to 18.1 percent in the first half of 2018. EBIT (earnings before interest and tax) declined by 37 percent to EUR 128.7 mn, leading to a lower EBIT margin of 12 percent (H1 2017: 17.8 percent). The net profit for the period dropped by 39.3 percent from EUR 150.3 mn in the previous year to EUR 91.3 mn. Earnings per share equaled EUR 3.44 (H1 2017: EUR 5.55).

“So far, the financial year 2018 proved to be as challenging as expected, and market headwinds were clearly noticeable. In this market environment, we are satisfied with the solid results we report. We are proud that with our corporate strategy sCore TEN and the focus on growth with specialty fibers we show big steps in the right direction. The recently announced joint venture with Duratex is another important step in executing this corporate strategy,” says Stefan Doboczky, Chief Executive Officer of the Lenzing Group. “We will continue to implement our strategy with great discipline and are convinced that this will steadily improve the long-term profitability of Lenzing,” Doboczky adds.

Largest dissolving wood pulp line worldwide

In June, the Lenzing Group and Duratex, the largest producer of industrialized wood panels of the southern hemisphere, announced that they had agreed on the terms and conditions to form a joint venture to investigate building the largest dissolving wood pulp plant (single line concept) in the state of Minas Gerais, (Brazil). This decision supports the self-supply with dissolving wood pulp and the growth in specialty fibers, defined in Lenzing’s sCore TEN strategy. The joint venture will investigate the construction of a 450,000 t dissolving wood pulp plant, which is expected to become the largest and most competitive single line dissolving wood pulp plant in the world. The final investment decision to build the dissolving wood pulp plant is subject to the outcome of the basic engineering studies and the approval by the respective supervisory boards.

Even stronger focus on sustainable products

As a pioneer in sustainable fiber solutions, the Lenzing Group is committed to higher standards in the textile and nonwoven sectors. More than EUR 100 mn will be invested in sustainable manufacturing technologies and production facilities by 2022 in order to realize this vision. In line with the Group’s specialty strategy, another two milestones were set in the first half of 2018: Lenzing announced an investment of up to EUR 30 mn in another pilot line for the production of TENCEL™ Luxe filaments at the Lenzing site. In addition, the company also introduced the environmentally friendly process for the production of LENZING™ ECOVERO™ branded viscose fibers at its Chinese site. Both decisions contribute to better meeting the strong demand for environmentally compatible products.

Expansion of capacities

CAPEX (investments in intangible assets and property, plant and equipment) rose by 60.8 percent year-on-year to EUR 117.2 mn in the first half of 2018. This is primarily attributable to the capacity expansions in Heiligenkreuz (Austria) and Mobile, Alabama (USA) and the expansion of the existing dissolving wood pulp plant in Lenzing. The company is pressing ahead with these projects as well as with planning work on the construction of the next state-of-the-art lyocell production facility in Prachinburi (Thailand).

New brand identity

With the new positioning of its master brand and its product brands, the Lenzing Group started a new phase of branding and brand communication in the first half of 2018. Lenzing decided to carry out a new brand strategy in order to sharpen its company and product profile as a sustainable innovation leader for customers and partners along the value chain as well as for consumers. The most important pillar of this new brand strategy is a brand architecture with a focus on fewer brands and a strong message to consumers. With the TENCEL™ brand as an umbrella brand for all specialty products in the textile segment and the VEOCEL™ brand as the umbrella brand for all specialty fibers in the nonwoven segment as well as the new master brand, which was presented in March, Lenzing showcases its strengths in a targeted manner.

Outlook

The International Monetary Fund expects a further acceleration in global economic growth to 3.9 percent for 2018. However, growing protectionist tendencies in the political arena represent a source of uncertainty. Export-oriented companies in the Eurozone are faced with additional challenges from the currency environment.

Developments on the fiber markets should remain positive, but with continuing volatility. The rising demand for cotton should support prices despite the increase in production. Polyester fiber prices have stabilized after the increase in previous years.

The wood-based cellulosic fiber segment, which is relevant for Lenzing, should see further strong demand. After years of moderate capacity expansion in the viscose sector, significant additional volumes will enter the market in 2018 and 2019. As a result, standard viscose prices will remain under pressure. The Lenzing Group is very well positioned in this market environment with its corporate strategy sCore TEN and will continue its consistent focus on growth with specialty fibers.

The Lenzing Group still sees challenging market conditions for the second half of 2018. In addition to the price pressure on standard viscose, the prices of some key raw materials such as caustic soda are still at a very high level and exchange rates continue to be volatile. Our specialty fibers are expected to continue their very positive development. In this context, the Lenzing Group is satisfied with the earnings development to date, but underlines its estimate that the results for the year 2018 will be lower than the outstanding results in the last two years.