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04.09.2023

Kelheim Fibres and MagnoLab join forces

The viscose specialty fibre manufacturer Kelheim Fibres has entered into a collaboration with MagnoLab, an international network of companies in the textile industry based in the Biella region, Italy.

This partnership highlights the importance of collaboration between different companies to drive innovation and sustainability in the textile industry. Kelheim Fibres sees itself not only as a fibre supplier but also as an innovation partner for the entire industry. Through its Open Innovation approach, Kelheim Fibres fosters the exchange of ideas and knowledge to jointly develop sustainable solutions for the future.

Kelheim Fibres operates several pilot and technical facilities itself. The close collaboration with MagnoLab, which boasts an impressive array of state-of-the-art textile machinery, allows for even more efficient research and development.

The viscose specialty fibre manufacturer Kelheim Fibres has entered into a collaboration with MagnoLab, an international network of companies in the textile industry based in the Biella region, Italy.

This partnership highlights the importance of collaboration between different companies to drive innovation and sustainability in the textile industry. Kelheim Fibres sees itself not only as a fibre supplier but also as an innovation partner for the entire industry. Through its Open Innovation approach, Kelheim Fibres fosters the exchange of ideas and knowledge to jointly develop sustainable solutions for the future.

Kelheim Fibres operates several pilot and technical facilities itself. The close collaboration with MagnoLab, which boasts an impressive array of state-of-the-art textile machinery, allows for even more efficient research and development.

The cooperation allows for practical testing, accelerating the implementation of innovations. It also contributes to a closer networking of the European (and thus regional) value chain. Thanks to shorter transport routes within Europe, not only is the environmental impact reduced, but also the realization of innovations in Europe is facilitated.

Dr. Marina Crnoja-Cosic, Director New Business Development, Marketing & Communications at Kelheim Fibres, emphasizes the advantages of the collaboration: " Through close networking with the companies organized under MagnoLab, we can produce small quantities of samples and prototypes using various technologies. This enables us to develop solutions based on our specialty fibres that can be directly transferred to our partners' production facilities within the textile value chain."

Source:

Kelheim Fibres GmbH

SETEX (c) SETEX Schermuly textile computer GmbH
04.09.2023

Elvaston takes over majority stake in SETEX

SETEX Schermuly textile computer GmbH, a global leader in manufacturing process management software and textile machinery controls, is pleased to announce the transfer of a majority stake to Elvaston Capital Management GmbH.

Private equity partner Elvaston has established the overarching Textile Solutions Holding GmbH. This company will manage a portfolio of technology companies that ensure seamless integration along the textile process chain and introduce unique market functionalities.

The current company owners of SETEX, Christoph and Oliver Schermuly, will continue their roles as managing directors.

SETEX is convinced that this step will further expand SETEX's competitiveness and growth potential.

SETEX Schermuly textile computer GmbH, a global leader in manufacturing process management software and textile machinery controls, is pleased to announce the transfer of a majority stake to Elvaston Capital Management GmbH.

Private equity partner Elvaston has established the overarching Textile Solutions Holding GmbH. This company will manage a portfolio of technology companies that ensure seamless integration along the textile process chain and introduce unique market functionalities.

The current company owners of SETEX, Christoph and Oliver Schermuly, will continue their roles as managing directors.

SETEX is convinced that this step will further expand SETEX's competitiveness and growth potential.

Source:

SETEX Schermuly textile computer GmbH

CWS Workwear: Nachhaltige Arbeitskleidung aus Fairtrade-Baumwolle (c) CWS Workwear International GmbH
01.09.2023

CWS Workwear: Nachhaltige Arbeitskleidung mit Fairtrade-Baumwolle

Basics wie T-Shirts, Poloshirts kommen als Arbeitskleidung in fast allen Branchen zum Einsatz. Ob im Bereich Service, in der Produktion oder im Handwerk – ein gut sitzendes Shirt mit Unternehmenslogo gehört zur Standard-Ausrüstung fast jedes Unternehmens mit Mitarbeitenden im Kundenkontakt. Damit es dabei auch nachhaltig zugeht, bietet CWS Workwear nun mit den PRObasics ein Angebot aus T-Shirts und Poloshirts mit Kurz- und Langarm und Rundhals und V-Ausschnitt mit fair gehandelter Baumwolle. Dabei gibt es Damen- und Herrenvarianten und unterschiedliche Farbkombinationen. Ob einfarbig oder zweifarbig mit Reglanarm – die neuen Shirts bieten für fast alle Unternehmen und Branchen die passende Lösung. Je nach Modell bestehen die T-Shirts aus 70 % Fairtrade-Baumwolle und 30 % Polyester oder 50 % Fairtrade-Baumwolle und 50 % Polyester.

Basics wie T-Shirts, Poloshirts kommen als Arbeitskleidung in fast allen Branchen zum Einsatz. Ob im Bereich Service, in der Produktion oder im Handwerk – ein gut sitzendes Shirt mit Unternehmenslogo gehört zur Standard-Ausrüstung fast jedes Unternehmens mit Mitarbeitenden im Kundenkontakt. Damit es dabei auch nachhaltig zugeht, bietet CWS Workwear nun mit den PRObasics ein Angebot aus T-Shirts und Poloshirts mit Kurz- und Langarm und Rundhals und V-Ausschnitt mit fair gehandelter Baumwolle. Dabei gibt es Damen- und Herrenvarianten und unterschiedliche Farbkombinationen. Ob einfarbig oder zweifarbig mit Reglanarm – die neuen Shirts bieten für fast alle Unternehmen und Branchen die passende Lösung. Je nach Modell bestehen die T-Shirts aus 70 % Fairtrade-Baumwolle und 30 % Polyester oder 50 % Fairtrade-Baumwolle und 50 % Polyester.

Das Angebot der CWS PRObasics enthält außerdem Hoodies und Sweatshirts mit Rundhals in zahlreichen Farben sowie zweifarbige Sweatshirts mit Reißverschluss. Die Sweatshirts und Hoodies lassen sich auch ideal mit einer Arbeitsweste kombinieren. Die Varianten bestehen aus 60 % Fairtrade-Baumwolle und 40 % Polyester beziehungsweise 50 % Fairtrade-Baumwolle und 50 % Polyester.

Damit die CWS Arbeitskleidung lange im Kreislaufmodell hält und in Form bleibt, wird sie aus hochwertigen, nachhaltigen Materialien für eine lange Lebensdauer hergestellt. Die Arbeitskleidung wird für Unternehmen gewaschen, repariert und gepflegt. „Unser Ziel bis 2025 ist es, 90 % nachhaltige Arbeitskleidung anzubieten. Die neuen PRObasics Teile mit Fairtrade-Baumwolle tragen ihren Teil dazu bei. Unternehmen, die auf nahhaltige Arbeitskleidung setzen, können damit ihre Nachhaltigkeitsbilanz verbessern und gleichzeitig den fairen Handel von Baumwolle unterstützen“, erklärt Astrid Wozniak, Lead International Product Communications bei CWS Workwear.

CWS Arbeitskleidung aus Fairtrade-Baumwolle trägt ein Fairtrade-Siegel. Dieses schwarze Label an der PROBasics Kleidung zeigt an, dass das Material aus fair produzierter und gehandelter Baumwolle stammt. Bereits seit 2016 setzt CWS Workwear auf Fairtrade-Baumwolle in der Arbeitskleidung. Die Baumwollbauern erhalten einen fairen Preis für ihre Baumwolle und zusätzlich eine Fairtrade-Prämie, die auf den Verkaufspreis der Baumwolle aufgeschlagen wird. Diese Prämie können die Produzenten für soziale, ökologische oder wirtschaftliche Gemeinschaftsprojekte verwenden.

Source:

CWS Workwear International GmbH

01.09.2023

OEKO-TEX® Annual Report 2022/2023: 21% growth

The international OEKO-TEX® Association, offering collaborative solutions for partners in the textile and leather industry, has once again recorded positive business development. Overall, OEKO-TEX® issued more than 43,000 certificates and labels between July 1, 2022, and June 30, 2023 - an increase of 21% compared to the previous financial year. The MADE IN GREEN product label recorded the strongest growth of 52%. OEKO-TEX® continues to drive urgently needed change through cooperation and joint action - with their services and at the organizational level.

The international OEKO-TEX® Association, offering collaborative solutions for partners in the textile and leather industry, has once again recorded positive business development. Overall, OEKO-TEX® issued more than 43,000 certificates and labels between July 1, 2022, and June 30, 2023 - an increase of 21% compared to the previous financial year. The MADE IN GREEN product label recorded the strongest growth of 52%. OEKO-TEX® continues to drive urgently needed change through cooperation and joint action - with their services and at the organizational level.

For their two new certifications, OEKO-TEX® focused on cooperation with numerous parties along the global supply chain. Launched in November 2022, OEKO-TEX® RESPONSIBLE BUSINESS addresses the increasing global expectations and due diligence requirements. The tool and certification supports textile and leather companies in preventing negative effects from their own business operations, supply chains and broader business relationships. Companies working with OEKO-TEX® ORGANIC COTTON benefit from a global network of certified companies to facilitate sourcing of chemicals, materials and business partners - from cultivation to finished product.

At the organisational level, OEKO-TEX® is focusing on partnerships with multi-stakeholder initiatives to include as many different perspectives as possible and allow all parties to benefit. Working with ZDHC to promote sustainable chemical management and becoming an ISEAL community member are just two of many collaborations for OEKO-TEX®, which is striving to address the industry's most pressing challenges.

Meanwhile, the Association’s core business advances. For example, based on industry developments and scientific findings, OEKO-TEX® issued a general ban on the use of per- and polyfluorinated alkyl substances (PFAS/PFC) in textiles, leather and shoes certified by STANDARD 100, ORGANIC COTTON, LEATHER STANDARD and ECO PASSPORT. OEKO-TEX® also surpassed the milestone of 1,000 STeP certified production facilities. OEKO-TEX® is in a strong position to continue its work - enabling the industry and consumers to make more responsible decisions through partnership and education.

Source:

Oeko-Tex GmbH

ZCC Zünd Cut Center (c) Zünd Systemtechnik AG
ZCC Zünd Cut Center
01.09.2023

ZCC Zünd Cut Center: Neuer automatisierter Zuschnitt

Zünd hat seine Bediensoftware ZCC Zünd Cut Center grundlegend überarbeitet. In der Version 4 bietet die Software neue Möglichkeiten für eine flexibel automatisierte Auftragsvorbereitung und einen effizienten Zuschnitt. Die Cuttersteuerung via Touchdisplay macht die Bedienung intuitiv und einfach.

Das neue ZCC Zünd Cut Center ist eine neue Option in Sachen Flexibilität, Skalierbarkeit und Benutzerfreundlichkeit. Es unterstützt die Bedienerin mit zahlreichen intuitiven, intelligenten Funktionen, die über den gesamten Produktionsworkflow des digitalen Zuschnitts hinweg eingebaut sind – eine Softwaresuite für den schnellen und einfachen Einstieg in den digitalen Zuschnitt und deutlichen Verbesserungen für Erfahrene in der Automatisierung von Auftragsvorbereitung und Produktion. ZCC will in jeder Situation qualitativ hochwertige Schneidergebnisse erreichen, unabhängig vom Erfahrungsgrad des Bedieners oder dem Automatisierungsgrad in der Datenaufbereitung.

Zünd hat seine Bediensoftware ZCC Zünd Cut Center grundlegend überarbeitet. In der Version 4 bietet die Software neue Möglichkeiten für eine flexibel automatisierte Auftragsvorbereitung und einen effizienten Zuschnitt. Die Cuttersteuerung via Touchdisplay macht die Bedienung intuitiv und einfach.

Das neue ZCC Zünd Cut Center ist eine neue Option in Sachen Flexibilität, Skalierbarkeit und Benutzerfreundlichkeit. Es unterstützt die Bedienerin mit zahlreichen intuitiven, intelligenten Funktionen, die über den gesamten Produktionsworkflow des digitalen Zuschnitts hinweg eingebaut sind – eine Softwaresuite für den schnellen und einfachen Einstieg in den digitalen Zuschnitt und deutlichen Verbesserungen für Erfahrene in der Automatisierung von Auftragsvorbereitung und Produktion. ZCC will in jeder Situation qualitativ hochwertige Schneidergebnisse erreichen, unabhängig vom Erfahrungsgrad des Bedieners oder dem Automatisierungsgrad in der Datenaufbereitung.

Dank ihrer Client-Server-Architektur ist Zünd Cut Center flexibel skalierbar. Diese Modularität ermöglicht auf spezifische Produktionsanforderungen zugeschnittene Konfigurationen. Der Anwender erwirbt nur jene Softwarekomponenten, die er benötigt und kann jederzeit weitere Optionen hinzufügen.

ZCC Zünd Cut Center
Zünd bietet das ZCC in zwei verschiedenen Editionen an. Zünd Cut Center Basic ist geeignet für alle, die aufgrund ihrer Produktionsumgebung Funktionen wie einen automatischen Datenimport, eine Auftragsliste oder einen Datenaustausch mit anderen Systemen nicht benötigen. Mit ZCC Zünd Cut Center Basic kann der Bediener Quelldateien manuell über den Cut Editor in .zcc-Dateien umwandeln und als Produktionsdatei im Cut Center öffnen.

ZCC Zünd Cut Center Advanced ist die passende Edition für alle Anwender mit einem höheren Auftragsvolumen und dem Wunsch, durch automatisierte Abläufe die Produktivität zu steigern. Sie haben mehrere Zünd Cutter parallel im Einsatz und wollen zwecks Datenaustausch auch andere Produktionssysteme in den Workflow integrieren. In der Advanced-Edition stehen der Anwenderin Funktionen wie die Auftragsliste, Angaben zur geschätzten Produktionszeit, der Import über Hotfolder oder E-Mail-Benachrichtigungen zur Verfügung.

Für beide Editionen können Softwareoptionen wie Camera Option, Pick & Place Option, Visualizing Option und Routing Option individuell erworben werden.

Source:

Zünd Systemtechnik AG

Yvonne Lünzmann (c) Epson Deutschland GmbH
Yvonne Lünzmann
31.08.2023

Epson Deutschland: Neue Leitung des PR und Social Media Teams

Yvonne Lünzmann hat seit dem 1. Juli 2023 die Teamleitung für die Presse und Öffentlichkeitsarbeit sowie Social Media bei Epson Deutschland übernommen. Die Kommunikationswissenschaftlerin ist seit 2012 in dem Technologieunternehmen tätig.

Als Social Media und PR Managerin baute sie die Social Media Kanäle der Epson Deutschland GmbH in den ersten Jahren mit auf und betreute sie inhaltlich. Ihre Schwerpunkte in der Pressearbeit lagen in den Bereichen Corporate PR und Nachhaltigkeitskommunikation.

In ihrer neuen Rolle als Teamleiterin PR und Social Media ist sie für die Presseaktivitäten über alle Unternehmens- und Produktbereiche hinweg sowie für den weiteren Ausbau der Social Media Kanäle des japanischen Unternehmens im DACH-Raum verantwortlich. Die 44-jährige übernimmt die Aufgaben rund um die Kommunikation und Öffentlichkeitsarbeit von Mechthild Knopp, die weiterhin den Eventbereich leitet. Lünzmann berichtet in ihrer neuen Rolle direkt an den Marketingleiter der Epson Deutschland GmbH, Sascha Surbach.

Yvonne Lünzmann hat seit dem 1. Juli 2023 die Teamleitung für die Presse und Öffentlichkeitsarbeit sowie Social Media bei Epson Deutschland übernommen. Die Kommunikationswissenschaftlerin ist seit 2012 in dem Technologieunternehmen tätig.

Als Social Media und PR Managerin baute sie die Social Media Kanäle der Epson Deutschland GmbH in den ersten Jahren mit auf und betreute sie inhaltlich. Ihre Schwerpunkte in der Pressearbeit lagen in den Bereichen Corporate PR und Nachhaltigkeitskommunikation.

In ihrer neuen Rolle als Teamleiterin PR und Social Media ist sie für die Presseaktivitäten über alle Unternehmens- und Produktbereiche hinweg sowie für den weiteren Ausbau der Social Media Kanäle des japanischen Unternehmens im DACH-Raum verantwortlich. Die 44-jährige übernimmt die Aufgaben rund um die Kommunikation und Öffentlichkeitsarbeit von Mechthild Knopp, die weiterhin den Eventbereich leitet. Lünzmann berichtet in ihrer neuen Rolle direkt an den Marketingleiter der Epson Deutschland GmbH, Sascha Surbach.

Vor ihrer Tätigkeit für den japanischen Technologiekonzern war Lünzmann sechs Jahre bei der Essener Agentur TAS Emotional Marketing für die Kommunikationsarbeit aktiv und betreute u.a. Projekte, rund um die Kulturhauptstadt RUHR.2010, für das Familienunternehmen STIHL und den Energiekonzern RWE.

More information:
Epson Deutschland GmbH
Source:

Epson Deutschland GmbH

31.08.2023

Lenzing's Indonesian site turns into a supplier of specialty viscose fibers

The Lenzing Group, a leading provider of specialty fibers for the textile and nonwoven industries, has made significant technical improvements to its Purwakarta site (PT. South Pacific Viscose). Lenzing has invested more than EUR 100 million since 2021 to convert existing production capacity to specialty viscose. With the imminent completion of the investment, Lenzing is in a better position to serve the strongly growing demand for specialty fibers.

Lenzing is striving for certification according to the standard of the internationally recognized EU Ecolabel1. The product portfolio would thus include LENZING™ ECOVERO™ branded fibers for textiles and VEOCEL™ branded fibers for nonwoven applications. In the course of these substantial investments, Lenzing has set the goal of significantly reducing emissions at the site. Moreover, the site started to obtain renewable grid electricity and promotes a changeover to biomass in line with Lenzing's goals of reducing carbon emissions per ton of product by 50 percent by 2030 and achieving carbon-neutral production by 2050.

The Lenzing Group, a leading provider of specialty fibers for the textile and nonwoven industries, has made significant technical improvements to its Purwakarta site (PT. South Pacific Viscose). Lenzing has invested more than EUR 100 million since 2021 to convert existing production capacity to specialty viscose. With the imminent completion of the investment, Lenzing is in a better position to serve the strongly growing demand for specialty fibers.

Lenzing is striving for certification according to the standard of the internationally recognized EU Ecolabel1. The product portfolio would thus include LENZING™ ECOVERO™ branded fibers for textiles and VEOCEL™ branded fibers for nonwoven applications. In the course of these substantial investments, Lenzing has set the goal of significantly reducing emissions at the site. Moreover, the site started to obtain renewable grid electricity and promotes a changeover to biomass in line with Lenzing's goals of reducing carbon emissions per ton of product by 50 percent by 2030 and achieving carbon-neutral production by 2050.

“Demand for specialty fibers with low environmental impacts continues to grow structurally. We see enormous growth potential in Asia in particular. Through our investments in Indonesia and also at other Lenzing sites worldwide, we are in a better position to serve this growing demand. At the same time, we continue working tirelessly to make the industries in which we operate even more sustainable and to drive the transformation of the textile business model from linear to circular,” says Stephan Sielaff, Chief Executive Officer of the Lenzing Group.

More information:
Lenzing speciality fibers indonesia
Source:

Lenzing AG

TCO 21XL (c) Trützschler Group SE
31.08.2023

TCO 21XL: 12 heads boost production

TRÜTZSCHLER Spinning presents an innovation for the textile machinery market: the high-performance comber TCO 21XL with 12 combing heads. For many decades, eight combing heads has been considered state-of-the-art in the spinning industry. Now, Trützschler’s advanced technology and engineering proves that it is possible to build a heavy-duty comber that maximizes productivity by 50 % and saves space without compromising on quality.

They say two heads are better than one, so just imagine what 12 heads can do! That’s the simple but effective idea behind the TCO 21XL. Increasing the number of combing heads by 50 % makes it possible to increase productivity by 50 %, enabling rates of up to 150 kg/h. As a result, two TCO 21XL combers offer the same production capacity as three conventional combers. And that means companies that buy and operate two machines instead of three can achieve significant benefits in terms of their price-performance-ratio (cost/kg). The costs of running the machines are broken down into 12 instead of eight heads, making the machine more cost-effective over its entire operating life.

TRÜTZSCHLER Spinning presents an innovation for the textile machinery market: the high-performance comber TCO 21XL with 12 combing heads. For many decades, eight combing heads has been considered state-of-the-art in the spinning industry. Now, Trützschler’s advanced technology and engineering proves that it is possible to build a heavy-duty comber that maximizes productivity by 50 % and saves space without compromising on quality.

They say two heads are better than one, so just imagine what 12 heads can do! That’s the simple but effective idea behind the TCO 21XL. Increasing the number of combing heads by 50 % makes it possible to increase productivity by 50 %, enabling rates of up to 150 kg/h. As a result, two TCO 21XL combers offer the same production capacity as three conventional combers. And that means companies that buy and operate two machines instead of three can achieve significant benefits in terms of their price-performance-ratio (cost/kg). The costs of running the machines are broken down into 12 instead of eight heads, making the machine more cost-effective over its entire operating life.

50 % higher productivity is great – and it can be even greater if the machine is operated with JUMBO cans. The can changer needs to keep up with the extra performance, and JUMBO cans can easily collect the additional output of the TCO 21XL because they feature a 1200 mm diameter. This makes it possible to minimize non-productive time when changing cans. Anybody who is planning a new spinning mill knows that every square meter of space adds to the overall costs. The new TCO 21XL comber offers huge benefits in this regard because 25 % less floor space is required to operate same number of combing heads. This reduces the initial building costs, while also decreasing operating costs related to lighting, air conditioning and other overheads.

Source:

Trützschler Group SE

31.08.2023

Renewcell’s CEO Patrik Lundström with new shares

Re:NewCell AB’s Chief Executive Officer, Patrik Lundström, has today exercised 6,970 warrants of series 2019/2023 in the Company for subscription of 453,050 new shares in the Company at a subscription price of SEK 48.43 per share. Patrik Lundström has previously exercised 3,494 warrants of series 2019/2023 for the subscription of 227,110 new shares in the Company. All warrants of series 2019/2023 have thus been exercised.

On 27 July 2023, Patrik Lundström sold shares in the Company for the purpose of using the sale proceeds in connection with an exercise of warrants of series 2019/2023 and intends to sell additional existing shares to enable payment of all shares that have been subscribed for today. The Board of Directors of the Company has resolved to extend the period for payment of the new shares up to and including 19 October 2023 to enable an orderly divestment.

Re:NewCell AB’s Chief Executive Officer, Patrik Lundström, has today exercised 6,970 warrants of series 2019/2023 in the Company for subscription of 453,050 new shares in the Company at a subscription price of SEK 48.43 per share. Patrik Lundström has previously exercised 3,494 warrants of series 2019/2023 for the subscription of 227,110 new shares in the Company. All warrants of series 2019/2023 have thus been exercised.

On 27 July 2023, Patrik Lundström sold shares in the Company for the purpose of using the sale proceeds in connection with an exercise of warrants of series 2019/2023 and intends to sell additional existing shares to enable payment of all shares that have been subscribed for today. The Board of Directors of the Company has resolved to extend the period for payment of the new shares up to and including 19 October 2023 to enable an orderly divestment.

More information:
Renewcell shares
Source:

Renewcell

30.08.2023

Autoneum: Half-Year Results 2023

Autoneum's consolidated revenue increased by 24.1% from CHF 888.7 million to CHF 1 102.6 million in the first half of 2023. The Group grew significantly both organically, thanks to a market recovery in Europe and North America, and inorganically, through the acquisition of the traditional German company Borgers. All business units improved their profitability compared to the prior-year period. EBIT adjusted for special effects increased by CHF 33.0 million to CHF 45.0 million and the EBIT margin rose from 1.4% to 4.1% compared to the prior-year period. EBIT rose by CHF 78.5 million to CHF 84.9 million in the same period, with an increase in EBIT margin of 7.0 percentage points to 7.7%. Autoneum achieved a solid net result of CHF 57.8 million. Business Group North America nearly reached break-even point before special effects. As planned, the Borgers units, consolidated for the first time in the second quarter, made a positive contribution to the overall result from day one.

Autoneum's consolidated revenue increased by 24.1% from CHF 888.7 million to CHF 1 102.6 million in the first half of 2023. The Group grew significantly both organically, thanks to a market recovery in Europe and North America, and inorganically, through the acquisition of the traditional German company Borgers. All business units improved their profitability compared to the prior-year period. EBIT adjusted for special effects increased by CHF 33.0 million to CHF 45.0 million and the EBIT margin rose from 1.4% to 4.1% compared to the prior-year period. EBIT rose by CHF 78.5 million to CHF 84.9 million in the same period, with an increase in EBIT margin of 7.0 percentage points to 7.7%. Autoneum achieved a solid net result of CHF 57.8 million. Business Group North America nearly reached break-even point before special effects. As planned, the Borgers units, consolidated for the first time in the second quarter, made a positive contribution to the overall result from day one.

Economic conditions in the automotive supply industry improved in the first half of 2023 compared to the prior-year period. There was a slight easing of supply chains and a rise in production volumes among vehicle manufacturers already in the first quarter of 2023. This was especially true in markets that had previously been heavily impacted by supply chain bottlenecks.

Global automobile production climbed by 11.8%* compared with the prior-year period, although consumer demand was somewhat dampened by high vehicle prices in some markets. In this improved market environment and supported by the acquisition of the automotive business from Borgers, a long-standing German company, as of April 1, 2023, Autoneum increased its revenue and net result substantially in the first six months compared with the same period of the previous year.

  • Positive revenue development supported by inorganic growth
  • Significant improvement of operational profitability and solid net profit
  • Equity ratio influenced by the acquisition of Borgers Automotive
  • Creation of a capital band
  • Business Groups
  • Integration of Borgers automotive business
  • Working on behalf of electromobility with sustainable noise absorption in underbody
  • shields
  • Change to the Group Executive Board
  • SBTi recognizes Autoneum’s science-based targets

Outlook unchanged
According to the current S&P market forecasts, it is expected that global automobile production will climb by 5.7%* in 2023 compared with 2022. Autoneum anticipates that production volumes in the various regions will develop in line with the forecasts. Customer negotiations are ongoing and Autoneum expects that the increase in costs for raw materials, energy, transportation and staff will be completely offset in the second half of the year. Based on the forecast market development and the renegotiated customer agreements, Autoneum confirms the outlook that it published in March 2023. The Company expects total revenue of CHF 2.4 to 2.5 billion at unchanged exchange rates for the financial year 2023, an EBIT margin of 3.5% to 4.5% excluding one-time effects and a free cash flow in the higher double-digit millions, excluding acquisition-related net cash outflows.

For more information, see attached document.

*Source: S&P market forecast – August 15, 2023

Source:

Autoneum Management AG

Jeff Journey joins BW Packaging as Vice President of Aftermarket (c) Barry-Wehmiller
Jeff Journey, Vice President of Aftermarket
30.08.2023

Jeff Journey joins BW Packaging as Vice President of Aftermarket

BW Packaging, Barry-Wehmiller’s global team of packaging professionals, announces that Jeff Journey has joined the company as the Vice President of Aftermarket. In his new role, he will work with BW Packaging divisional aftermarket leaders and digital innovation teams to drive strategic plans that leverage technology, tools and business process optimization to create new value for customers.

Journey also will review BW Packaging’s existing portfolio of aftermarket products and services —including the rapid delivery of spare and replacement parts, customer and field service programs, and operator training (in-house and onsite) — and will determine how best to maximize these solutions.

Journey brings a wealth of expertise to his new position. Recently, he served as a key leader at Thermo Fisher Scientific’s Life Sciences group, spearheading strategy, innovation, marketing and sales for the $300M-plus global service and support business. Under his guidance, Thermo Fisher underwent a successful digital transformation of its service model, resulting in improved instrument uptime and service contract revenue.

BW Packaging, Barry-Wehmiller’s global team of packaging professionals, announces that Jeff Journey has joined the company as the Vice President of Aftermarket. In his new role, he will work with BW Packaging divisional aftermarket leaders and digital innovation teams to drive strategic plans that leverage technology, tools and business process optimization to create new value for customers.

Journey also will review BW Packaging’s existing portfolio of aftermarket products and services —including the rapid delivery of spare and replacement parts, customer and field service programs, and operator training (in-house and onsite) — and will determine how best to maximize these solutions.

Journey brings a wealth of expertise to his new position. Recently, he served as a key leader at Thermo Fisher Scientific’s Life Sciences group, spearheading strategy, innovation, marketing and sales for the $300M-plus global service and support business. Under his guidance, Thermo Fisher underwent a successful digital transformation of its service model, resulting in improved instrument uptime and service contract revenue.

Source:

Barry-Wehmiller

(c) Delta Development
28.08.2023

Positive Footprint Wearhouse in Dorsten kurz vor Fertigstellung

Nach 16 Monaten Bauzeit ist Deutschlands erstes Positive Footprint Wearhouse fast fertiggestellt. Mit der innovativen Logistikimmobilie „Positive Footprint Wearhouse“ holt der niederländische Projektentwickler Delta Development den Denim Leader Levi Strauss & Co. in die Region und, realisiert gleichzeitig die deutschlandweit erste Logistikfläche, die dem Nachhaltigkeitsanspruch Cradle-to-Cradle® entspricht.

Nach 16 Monaten Bauzeit ist Deutschlands erstes Positive Footprint Wearhouse fast fertiggestellt. Mit der innovativen Logistikimmobilie „Positive Footprint Wearhouse“ holt der niederländische Projektentwickler Delta Development den Denim Leader Levi Strauss & Co. in die Region und, realisiert gleichzeitig die deutschlandweit erste Logistikfläche, die dem Nachhaltigkeitsanspruch Cradle-to-Cradle® entspricht.

Circa 70.000 m² umfasst die neue Logistikimmobilie auf dem revitalisierten Bergbaustandort, die der Modemarke Levi Strauss für eine Mietdauer von 20 Jahren als Distributionszentrum dienen wird. Das C2C- Zentrum verfügt unter anderem über eine Material-Datenbank zur effizienten Wiederverwertung, höchster Materialgesundheit, nachhaltiges Energie- und Ressourcenmanagement sowie einem „Human Centered Design“. Das Großprojekt erfüllt die steigenden Nachhaltigkeitsansprüche an die Baubranche. Ein wesentlicher Fokus des Neubaus liegt auf der Verwendung von Materialien, die auf Wiederverwertung, Ressourcenschonung und Abfallreduktion ausgelegt sind. So wurden etwa Betonfundamente der stillgelegten Zeche Wulfen, die sich auf dem Entwicklungsgrundstück befunden haben, recycelt und anschließend im Neubau wiederverwendet.

Source:

textschwester GmbH & Co.KG

DyStar Systainability Report 2022/23 DyStar Singapore Pte Ltd
25.08.2023

DyStar Releases 2022 – 2023 Integrated Sustainability Report

DyStar, a leading specialty chemical company announced the release of its thirteenth annual Integrated Sustainability Report. The report is prepared in accordance with the updated GRI Standards 2021: Core Options. Despite the challenging business landscape and economic situations, DyStar remains committed to delivering tangible values that the Group has strategically created through the six major capitals, using the Integrated Reporting <IR> framework.

DyStar’s business strategies have proven their effectiveness and delivered significant progress toward its 2025 targets. The company has successfully reduced its environmental footprint in Greenhouse Gas Emission intensity and Wastewater production intensity by more than 30%, compared to the baseline year 2011.

More specifically, DyStar’s Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions intensity was 45% lower (tCO2e per ton production) than the baseline year 2011, with a totaled GHG emission of 56.91 thousand tCO2e. This is also 9% lower when compared to FY2021.

DyStar, a leading specialty chemical company announced the release of its thirteenth annual Integrated Sustainability Report. The report is prepared in accordance with the updated GRI Standards 2021: Core Options. Despite the challenging business landscape and economic situations, DyStar remains committed to delivering tangible values that the Group has strategically created through the six major capitals, using the Integrated Reporting <IR> framework.

DyStar’s business strategies have proven their effectiveness and delivered significant progress toward its 2025 targets. The company has successfully reduced its environmental footprint in Greenhouse Gas Emission intensity and Wastewater production intensity by more than 30%, compared to the baseline year 2011.

More specifically, DyStar’s Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions intensity was 45% lower (tCO2e per ton production) than the baseline year 2011, with a totaled GHG emission of 56.91 thousand tCO2e. This is also 9% lower when compared to FY2021.

Similarly, for Wastewater production intensity, DyStar achieved a 52% reduction compared to baseline year 2011, and a 24% reduction from FY2021.

Some other key highlights and value-adds include (when compared to FY2021):

  • Financial Capital: The results of production efficiency and streamlining manufacturing indirectly contributed to the reduction of 5.8% in operating cost
  • Manufactured Capital: Apart from ensuring quality suppliers through DyStar’s internal audit, DyStar’s effort on environmental performance and climate impacts with the Institute of Public & Environmental Affairs (IPE) was recognized and ranked second by industry on IPE’s Green Supply Chain Corporate Information Transparency Index (CITI)
  • Intellectual Capital: The innovative Cadira® modules continue to support the supply chain with a lower carbon footprint
  • Human Capital: The full launch of DyStar University (DSU), a proprietary LMS, supports the learning and development of employees globally
  • Social Capital: DyStar’s culturally diverse workforce organized a variety of activities and events in support of its global community and made a total contribution of USD 128,946 to various corporate social responsibility (“CSR”) program.

Despite the harsh economic headwinds, these figures further demonstrated the effectiveness of DyStar’s initiatives that were installed throughout the reporting year.

DyStar maintains a cautious yet optimistic outlook on its global performance.

More information:
DyStar Sustainability Report
Source:

DyStar Singapore Pte Ltd

Nachhaltigkeits-Kodex BVMed | Bundesverband Medizintechnologie e.V.
25.08.2023

BVMed: Muster-Kodex Nachhaltigkeit für MedTech-Unternehmen

Der Bundesverband Medizintechnologie (BVMed) hat für seine Branche einen Muster-Kodex Nachhaltigkeit veröffentlicht, der die wesentlichen Aspekte für nachhaltiges Handeln von Medizintechnik-Unternehmen zusammenfasst.

Mit diesem Muster-Kodex möchte der BVMed zu einem einheitlichen Branchenstandard beitragen. Er bietet MedTech-Unternehmen Orientierung in Nachhaltigkeitsfragen sowie die Möglichkeit, gegenüber Geschäftspartnern das eigene Nachhaltigkeitsverständnis zu verdeutlichen. Dabei geht der Muster-Kodex auf die drei Säulen der Nachhaltigkeit (sozial, ökologisch, ökonomisch) ein, bildet das dort geltende Recht ab und legt es einheitlich aus.

Übersicht der Inhalte des Muster-Kodex:

Der Bundesverband Medizintechnologie (BVMed) hat für seine Branche einen Muster-Kodex Nachhaltigkeit veröffentlicht, der die wesentlichen Aspekte für nachhaltiges Handeln von Medizintechnik-Unternehmen zusammenfasst.

Mit diesem Muster-Kodex möchte der BVMed zu einem einheitlichen Branchenstandard beitragen. Er bietet MedTech-Unternehmen Orientierung in Nachhaltigkeitsfragen sowie die Möglichkeit, gegenüber Geschäftspartnern das eigene Nachhaltigkeitsverständnis zu verdeutlichen. Dabei geht der Muster-Kodex auf die drei Säulen der Nachhaltigkeit (sozial, ökologisch, ökonomisch) ein, bildet das dort geltende Recht ab und legt es einheitlich aus.

Übersicht der Inhalte des Muster-Kodex:

  • Soziale Nachhaltigkeit: Einhaltung von Arbeitsschutzpflichten, Förderung von Diversität und Inklusion, Diskriminierungsfreiheit, Zahlung eines angemessenen und gleichen Arbeitslohns, Koalitionsfreiheit sowie Verbot der Sklaverei, Zwangs- und Kinderarbeit.
  • Ökologische Nachhaltigkeit: Ressourcenschonung, Reduktion der CO2-Emissionen, Abfallreduktion und Recycling sowie Vermeidung von Umweltverschmutzung.
  • Ökonomische Nachhaltigkeit und Governance: Verantwortungsvolle Unternehmensführung und Strategie sowie nachhaltige und transparente Lieferketten.

Der Muster-Kodex kann freiwillig von allen Unternehmen der Medizintechnologie für sich übernommen und um individuelle Selbsterklärungen erweitert werden.

Zur Umsetzung des Muster-Kodex Nachhaltigkeit gibt der BVMed drei Grundprinzipien vor:

  • Egalitätsprinzip
    Gewährung eines unterschiedslosen Zugangs zu Medizinprodukten und damit verbundenen Gesundheitsleistungen. In Bezug auf Arbeitsbedingungen sollen vergleichbare Sachverhalte nicht ohne triftigen Grund ungleich behandelt werden.
  • Vorrangprinzip
    Vorrang einer schonenden Verwendung von Ressourcen (Reduce – Reuse – Recycle) und der Einrichtung und Befolgung effizienter Prozesse.
  • Vorsorgeprinzip
    Ergreifen von präventiven Maßnahmen, um negative ökologische und soziale Auswirkungen der wirtschaftlichen Tätigkeit zu vermeiden oder möglichst gering zu halten.

„Geschäftspartner:innen, Krankenhäuser und andere Stakeholder verlangen zunehmend von den Medizintechnik-Herstellern weitreichende Verpflichtungserklärungen zur Einhaltung des Lieferkettensorgfaltspflichtengesetzes. Mit unserem Muster-Kodex Nachhaltigkeit können die Unternehmen ihr soziales, ökologisches und ökonomisches Nachhaltigkeitsverständnis erklären“, so BVMed-Geschäftsführer und Vorstandsmitglied Dr. Marc-Pierre Möll. Der neue Muster-Kodex wurde vom BVMed gemeinsam mit der Anwaltskanzlei Clifford Chance entwickelt und durch das Bundeskartellamt geprüft. Er kann unter www.bvmed.de/kodex-nachhaltigkeit heruntergeladen werden.

Bereits 2022 gab das BVMed-Institut eine Nachhaltigkeitsstudie zur Bestimmung des sozialen, ökologischen und ökonomischen Fußabdrucks der MedTech-Branche in Auftrag. Die „SEE-Impact-Study der deutschen MedTech-Branche“ des WiFOR-Instituts setzte die Grundlage für eine umfassende Nachhaltigkeitsmessung der Lieferkette und damit einen neuen wissenschaftlichen Standard. Die Studie kann unter bvmed.de/branchenstudien eingesehen werden.

 

More information:
BVMed Kodex Medizintechnik
Source:

BVMed | Bundesverband Medizintechnologie e.V.

25.08.2023

Exist research transfer project FoxCore successfully launched

The FoxCore founding team and the ITM at TU Dresden aim to usher in a new era for fastening solutions in lightweight construction with the start of the Exist research transfer project FoxCore. The project started on June 1, 2023, and will run until November 30, 2024, with support from the German Federal Ministry of Economics and Climate Protection (BMWK) and the European Social Fund (ESF).

The innovative company is to develop and offer new and customer-oriented fastening solutions for lightweight construction applications. Safety and performance of lightweight solutions in various industries are to be increased. FoxCore's objective is to take a leading role in fastening technology.

Daniel Weise, Philipp Schegner, Michael Vorhof and Cornelia Sennewald form the FoxCore team; they will work closely with the Institute of Textile Machinery and Textile High Performance Materials (ITM) at TU Dresden. Together, they will develop optimal manufacturing technologies and establish a widespread network of customers and suppliers.

The FoxCore founding team and the ITM at TU Dresden aim to usher in a new era for fastening solutions in lightweight construction with the start of the Exist research transfer project FoxCore. The project started on June 1, 2023, and will run until November 30, 2024, with support from the German Federal Ministry of Economics and Climate Protection (BMWK) and the European Social Fund (ESF).

The innovative company is to develop and offer new and customer-oriented fastening solutions for lightweight construction applications. Safety and performance of lightweight solutions in various industries are to be increased. FoxCore's objective is to take a leading role in fastening technology.

Daniel Weise, Philipp Schegner, Michael Vorhof and Cornelia Sennewald form the FoxCore team; they will work closely with the Institute of Textile Machinery and Textile High Performance Materials (ITM) at TU Dresden. Together, they will develop optimal manufacturing technologies and establish a widespread network of customers and suppliers.

Source:

Institute of Textile Machinery and High Performance Material Technology (ITM)
TU Dresden

ElasTool in a lifting unit, e.g. for logistics, transport or mining Grafik JUMBO-Textil
ElasTool in a lifting unit, e.g. for logistics, transport or mining
22.08.2023

JUMBO-Textil: Lubricant-free tensioning and clamping system

From mechanical engineering to the construction industry, from logistics to rescue technology – tensioning and clamping systems fulfil important tasks in a number of industries. The possible uses of technical textiles for industrial applications of this kind are manifold.

Patented and precisely configured
The ElasTool system from the elastics expert consists of a connection tool and a rubber rope connected to this tool via integrated locking elements. The stainless steel, aluminium or plastic connection tool and the rubber rope – with a thickness of between 12 and 38 mm – are each configured to fit precisely. The highlight of the patented connection solution: the more tensile force is exerted, the more the rope is jammed. Thanks to the locking system, ElasTool still provides a secure hold even when the diameter of the rubber rope narrows to up to 60 percent due to the tensile load. A crucial advantage over conventional end connections by pressing.

From mechanical engineering to the construction industry, from logistics to rescue technology – tensioning and clamping systems fulfil important tasks in a number of industries. The possible uses of technical textiles for industrial applications of this kind are manifold.

Patented and precisely configured
The ElasTool system from the elastics expert consists of a connection tool and a rubber rope connected to this tool via integrated locking elements. The stainless steel, aluminium or plastic connection tool and the rubber rope – with a thickness of between 12 and 38 mm – are each configured to fit precisely. The highlight of the patented connection solution: the more tensile force is exerted, the more the rope is jammed. Thanks to the locking system, ElasTool still provides a secure hold even when the diameter of the rubber rope narrows to up to 60 percent due to the tensile load. A crucial advantage over conventional end connections by pressing.

Economical and low maintenance
The system has further advantages: the textile solution runs quietly. Unlike clamping systems with steel cable springs, there is no creaking here. In addition, textiles, plastic and aluminium are particularly lightweight materials. ElasTool therefore saves energy. Another benefit: the connection system works without lubricating oil. While conventional tensioning and clamping solutions in industrial plants and products have to be oiled regularly, the JUMBO textile system works completely maintenance-free.

Versatile and easily interchangeable
Depending on the area of application of the ElasTool, the interchangeable head can be exchanged: Plastic hook instead of aluminium eyelet, stainless steel flange instead of aluminium hook – for example. The interchangeable head can be replaced effortlessly and without special tools.

"A lifting system in a high-bay warehouse, a trolley in a crane, damping for compressors or crash systems – these are just three of the many possible applications. We adapt the dimensions, material, force-stretch behaviour, flame retardancy – like all properties – specifically to the respective project," emphasises Carl Mrusek, Chief Sales Officer of JUMBO-Textil. "Thus, with ElasTool, we offer a safe load connection for a wide variety of applications in industry."

ElasTool from JUMBO-Textil

  • Lightweight and flexible alternative to conventional tensioning and clamping systems
  • Suitable even in small installation spaces
  • With individual specifications and infinitely customisable dimensions
  • Connection tool optionally made of plastic, aluminium or stainless steel
  • Rubber rope in a thickness of 12 to 38 mm
  • Rubber rope made of polyamide, polyester, recycled PES, polypropylene, aramid, Dyneema, monofilament, natural fibres
  • Different interchangeable head shapes possible
  • As an end connection or for coupling with other machine elements
  • Tensile load up to 600 N, in individual cases more than this
  • Individually configurable e.g. with hook, eyelet or flange
Source:

JUMBO-Textil

Adidas: Official Match Balls of 2023/24 UEFA Champions League and UEFA Women’s Champions League adidas
22.08.2023

Adidas: Official Match Balls of 2023/24 UEFA Champions League and UEFA Women’s Champions League

adidas revealed the Official Match Balls for the 2023/24 UEFA Champions League and the UEFA Women’s Champions League.

Set on a metallic silver background, the men’s iteration of the Official Match Ball integrates a single letter from the instantly recognisable chorus lyric – ‘THE CHAMPIONS’ - onto each of the 12 stars, in an opulent calligraphy style. Visual representations of the musical tones of the song interject the stars, in striking royal purple, red and blue - colours specifically chosen to represent the footballing royalty competing for the coveted UEFA Champions League trophy.

The introduction of a bespoke anthem for the UEFA Women’s Champions League in the 2021/22 season, marked the start of a new dawn for the tournament. In honour of that moment, the new design incorporates the lyrics of the song in two of the ball’s eye-catching star panels – creating a unique circular text pattern in bright orange. The remaining ten stars feature a wavy purple and pink print, curated using the same words from the anthem, but significantly enlarged to create an abstract and attention-grabbing look.

adidas revealed the Official Match Balls for the 2023/24 UEFA Champions League and the UEFA Women’s Champions League.

Set on a metallic silver background, the men’s iteration of the Official Match Ball integrates a single letter from the instantly recognisable chorus lyric – ‘THE CHAMPIONS’ - onto each of the 12 stars, in an opulent calligraphy style. Visual representations of the musical tones of the song interject the stars, in striking royal purple, red and blue - colours specifically chosen to represent the footballing royalty competing for the coveted UEFA Champions League trophy.

The introduction of a bespoke anthem for the UEFA Women’s Champions League in the 2021/22 season, marked the start of a new dawn for the tournament. In honour of that moment, the new design incorporates the lyrics of the song in two of the ball’s eye-catching star panels – creating a unique circular text pattern in bright orange. The remaining ten stars feature a wavy purple and pink print, curated using the same words from the anthem, but significantly enlarged to create an abstract and attention-grabbing look.

The balls are optimised to cope with the demands of the modern game, incorporating a range of adidas performance technology – including a PRISMA surface texture which offers Europe’s finest players precision on the ball. The outer texture coating, found on all UEFA Champions League and UEFA Women’s Champions League Official Match Balls, offers secure grip and control on the ball while the thermally bonded seamless construction ensures the balls retain optimum shape to deliver ultimate performance on the pitch.

More information:
adidas adidas AG
Source:

adidas

Grafik Sächsisches Textilforschungsinstitut e.V. (STFI)
22.08.2023

Sächsische Textilbranche wirbt um Quereinsteiger beim Frühstück

STFI Akademie-Frühstück informiert Textilbranche am 23. August 2023. Neue Wege für die textile Fachkräftequalifizierung.

Derzeit arbeiten in Deutschland rund 120.000 Menschen für 1.400 Unternehmen in der Textilbranche, in Sachsen sind es ca. 12.000 Mitarbeitende. Längst ist auch die Textilbranche vom Fachkräftemangel betroffen und sucht nach Lösungen.

Erneut wird ein Verlust an Fachwissen befürchtet. Wechselten in längerer Vergangenheit gut ausgebildete Fachkräfte in andere Berufe, steht heute die Babyboomergeneration vor der Pensionierung. Diese Lücke sollen vermehrt Quereinsteiger schließen. Nun gilt es für Unternehmen Fachwissen zu bewahren und an die Quereinsteiger weiterzugeben, um weiterhin fortschrittlich und innovationsorientiert am Markt agieren zu können.

Am 23. August 2023 bringt das STFI Ansprechpartner der IHK und der Agentur für Arbeit und Unternehmen der Textilbranche an einen Tisch zum ersten STFI-Akademie-Frühstück, um sich mit den Akteuren über Chancen für hervorragend qualifizierten Fachkräfte von morgen auszutauschen.

STFI Akademie-Frühstück informiert Textilbranche am 23. August 2023. Neue Wege für die textile Fachkräftequalifizierung.

Derzeit arbeiten in Deutschland rund 120.000 Menschen für 1.400 Unternehmen in der Textilbranche, in Sachsen sind es ca. 12.000 Mitarbeitende. Längst ist auch die Textilbranche vom Fachkräftemangel betroffen und sucht nach Lösungen.

Erneut wird ein Verlust an Fachwissen befürchtet. Wechselten in längerer Vergangenheit gut ausgebildete Fachkräfte in andere Berufe, steht heute die Babyboomergeneration vor der Pensionierung. Diese Lücke sollen vermehrt Quereinsteiger schließen. Nun gilt es für Unternehmen Fachwissen zu bewahren und an die Quereinsteiger weiterzugeben, um weiterhin fortschrittlich und innovationsorientiert am Markt agieren zu können.

Am 23. August 2023 bringt das STFI Ansprechpartner der IHK und der Agentur für Arbeit und Unternehmen der Textilbranche an einen Tisch zum ersten STFI-Akademie-Frühstück, um sich mit den Akteuren über Chancen für hervorragend qualifizierten Fachkräfte von morgen auszutauschen.

Nico Teutsch, Geschäftsführer der OTEX Textilveredlung GmbH, Flöha, wird von seinen Erfahrungen rund um die Qualifizierung von Quereinsteigern berichten. Die OTEX Textilveredlung GmbH in Flöha fördert ihre mittlerweile 110 Mitarbeiter seit einigen Jahren gezielt und schöpft so aus einem profunden Erfahrungsschatz zur Fachkräftequalifizierung und Personalentwicklung.

Source:

Sächsisches Textilforschungsinstitut e.V. (STFI)

18.08.2023

Indorama Ventures: Performance Summary of 2Q23

  • Revenue of US$4B, a decline of 1% QoQ and 27% YoY
  • Reported EBITDA of US$321M, an increase of 7% QoQ and decrease of 68% YOY
  • Operating cash flows of US$491M
  • Net Operating Debt to Equity of 0.95x
  • Reported EPS of THB 0.04

Indorama Ventures Public Company Limited (IVL) reported marginally improved quarterly earnings as the company’s inherent advantages and continued focus on improving competitiveness helped bolster its business amid a continued weak operating environment.

  • Revenue of US$4B, a decline of 1% QoQ and 27% YoY
  • Reported EBITDA of US$321M, an increase of 7% QoQ and decrease of 68% YOY
  • Operating cash flows of US$491M
  • Net Operating Debt to Equity of 0.95x
  • Reported EPS of THB 0.04

Indorama Ventures Public Company Limited (IVL) reported marginally improved quarterly earnings as the company’s inherent advantages and continued focus on improving competitiveness helped bolster its business amid a continued weak operating environment.

Indorama Ventures achieved Reported EBITDA of $321 million in 2Q23, an increase of 7% QoQ and a decline of 68% YoY. Sales volumes remained resilient, rising 4% QoQ, amid continued destocking in the global chemicals industry from its peak in 4Q last year. Management is taking steps to conserve cash and safeguard the company’s competitive advantages as the global industry is impacted by increased capacity and lower margins with China boosting exports to offset muted domestic demand. Measures include redoubling efforts to reduce working capital and capex targeting $500 million of cash savings this year, optimizing the company’s European manufacturing footprint, and continued focus on Project Olympus, digitalization, and organizational enhancement.

Volumes are expected to improve in the second half of the year, with all three of Indorama Ventures’ business segments benefiting from the management measures and a gradual improvement in the outlook for the industry. Combined PET, the company’s largest segment, posted Reported EBITDA of $194 million, a 37% increase QoQ as destocking eased in most markets and supported stable volumes. Sales volumes are expected to grow in the second half of the year as manufacturing is optimized in Europe and expansion projects ramp up in India.

Fibers segment achieved Reported EBITDA of $20 million, a decrease of 37% QoQ, impacted by lower margins in the Lifestyle vertical and weak demand for Hygiene products in Europe. Volumes are expected to improve as manufacturing in Europe is optimized and expansion projects come online in the U.S and India. Mobility fibers volumes will see improvement in line with increasing automotive demand. Integrated Oxides and Derivatives (IOD) segment posted a 27% decline in QoQ Reported EBITDA to $94 million amid destocking in Crop Solutions market. Volumes will continue to be supported by reducing levels of destocking in the downstream portfolio.

Source:

Indorama Ventures Public Company Limited

adidas: Celebrating Women's Tennis with FW23 New York Collection (c) adidas AG
18.08.2023

adidas: Celebrating Women's Tennis with FW23 New York Collection

As part of the 12-piece collection, adidas introduces the SST Jacket – for men and women – as well as the Avacourt in a refreshed look. Both pieces share a bold blue hue – synonymous with the outfit that Billie Jean King wore in the Battle of the Sexes match – which is applied throughout the collection as a consistent design story.

The SST Jacket is inspired by the classic adidas tennis tracksuits from the era when Billie Jean King was at the height of her career, changing tennis on and off the court for years to come.

As part of the 12-piece collection, adidas introduces the SST Jacket – for men and women – as well as the Avacourt in a refreshed look. Both pieces share a bold blue hue – synonymous with the outfit that Billie Jean King wore in the Battle of the Sexes match – which is applied throughout the collection as a consistent design story.

The SST Jacket is inspired by the classic adidas tennis tracksuits from the era when Billie Jean King was at the height of her career, changing tennis on and off the court for years to come.

The Avacourt, having originally launched in 2022, is created and engineered to best support women when playing tennis – featuring a women’s specific last, increased torsion, softer materials and a midfoot support saddle. Updates for the 2023 season bridge today’s silhouette with the one worn by Billie Jean King 50 years ago – which was adidas’ first ever signature tennis shoe for women – via its color story, as well as key material updates. The suede leather tongue has a retro feel and soft premium touch, with the toe guard made from a synthetic suede finishing. Adding to the comfort, the heel collar is lined with terry cloth – a fabric synonymous with the era.

Other key pieces in the collection include the Tennis Modular Leotard AEROREADY Pro with detachable skirt, the Tennis Transformative AEROREADY Dress Pro that evolves into two different styles, and the Tennis Reversible AEROREADY Match Skirt Pro with Tennis HEAT.RDY Short Tight Pro layered underneath. For men, key pieces include the Tennis HEAT.RDY Freelift Polo Shirt Pro, the Tennis Reversible AEROREADY Freelift T-Shirt Pro and the Tennis AEROREADY 2 IN 1 Short Pro.

More information:
adidas Sportswear
Source:

adidas AG