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20.01.2023

Autoneum: Revenue growth in 2022

For the first time in two years, global automotive production recorded a significant increase in full-year 2022 with 82.0 million vehicles produced (2021: 77.2 million vehicles) and growth of 6.2%, driven by the regions Asia and North America, but remained below 2019 levels.
Autoneum's revenue in local currencies increased significantly by 8.5%, largely due to inflation-related compensation. In the regions Europe and Asia, Autoneum's production volumes developed below market. Compared to the July 2022 estimate, revenue was around CHF 90 million lower than assumed due to volume factors. The strong fluctuations in production volumes due to vehicle manufacturer supply chain issues continued in 2022 and were exacerbated by the war in Ukraine in Europe and by COVID-related lockdowns in Autoneum's Asian main market China. Consolidated revenue in Swiss francs increased by 6.1% year-on-year to CHF 1 804.5 million (2021: CHF 1 700.4 million) due to the strong Swiss franc.

For the first time in two years, global automotive production recorded a significant increase in full-year 2022 with 82.0 million vehicles produced (2021: 77.2 million vehicles) and growth of 6.2%, driven by the regions Asia and North America, but remained below 2019 levels.
Autoneum's revenue in local currencies increased significantly by 8.5%, largely due to inflation-related compensation. In the regions Europe and Asia, Autoneum's production volumes developed below market. Compared to the July 2022 estimate, revenue was around CHF 90 million lower than assumed due to volume factors. The strong fluctuations in production volumes due to vehicle manufacturer supply chain issues continued in 2022 and were exacerbated by the war in Ukraine in Europe and by COVID-related lockdowns in Autoneum's Asian main market China. Consolidated revenue in Swiss francs increased by 6.1% year-on-year to CHF 1 804.5 million (2021: CHF 1 700.4 million) due to the strong Swiss franc.

Revenue development in the regions
In local currencies, revenue of Business Group Europe increased by 2.7%, while production volumes of vehicle manufacturers decreased by 1.3%. The growth in revenue resulted from inflation compensation, while Autoneum's production volumes were significantly lower compared to the previous year. Business Group North America increased its revenue in local currencies by 11.0%. The number of vehicles produced increased by 9.7% year-on-year. Volume development at Autoneum’s North American plants clearly improved compared with 2021 due to the allocation of semiconductors to the vehicle models supplied by Autoneum. Revenue of Business Group Asia declined by 2.7% in local currencies, and thus was significantly below the market (+7.7%). Autoneum's production facilities in its main market China are located in regions that were hit particularly hard by the COVID-related lockdowns. Growth in China was also driven by Chinese vehicle manufacturers, with whom Autoneum generated only little revenue last year.
Business Group SAMEA (South America, Middle East and Africa) achieved hyperinflation-adjusted revenue growth in local currencies of 65.2% year-on-year. This increase was mainly due to inflation compensation and in terms of volume slightly outperformed the market, which grew by 7.5%.

Due to significantly lower production volumes in Autoneum's regions Europe and Asia of around CHF 90 million compared to the half-year estimate and further increases in energy costs in the second half of the year, Autoneum expects the full-year 2022 result to be at the lower end of the guidance published on June 15, 2022.

The full year-end financial statements and the Annual Report 2022 will be presented at the Media Conference on March 1, 2023.

Source:

Autoneum Management AG

Graphik Freudenberg Performance Materials
10.01.2023

Freudenberg: Technical packaging textiles with less CO2 emissions

By using a high share of recycled content in its Evolon® materials, Freudenberg Performance Materials (Freudenberg) offers technical packaging textiles with a carbon footprint decreased by 35%. An independent LCA study showed additional benefits such as energy resource savings and lower water use. Furthermore, Evolon® fabrics provide sustainability benefits over the packaging entire life cycle thanks to high end performance and durability.

By replacing virgin PET with recycled PET, the cradle-to-gate carbon footprint of Evolon® packaging textile materials decreased by 35%. This is the result of a study by an independent LCA and eco-design consultancy firm, which made a Cradle-to-Gate assessment of several Evolon® products using virgin PET or recycled PET. The study was finalized in 2022 and conducted according to the principles of ISO 14040/ ISO 14044 standards, following the recommendations of the Product Environmental Footprint and the Circular Footprint Formula.

By using a high share of recycled content in its Evolon® materials, Freudenberg Performance Materials (Freudenberg) offers technical packaging textiles with a carbon footprint decreased by 35%. An independent LCA study showed additional benefits such as energy resource savings and lower water use. Furthermore, Evolon® fabrics provide sustainability benefits over the packaging entire life cycle thanks to high end performance and durability.

By replacing virgin PET with recycled PET, the cradle-to-gate carbon footprint of Evolon® packaging textile materials decreased by 35%. This is the result of a study by an independent LCA and eco-design consultancy firm, which made a Cradle-to-Gate assessment of several Evolon® products using virgin PET or recycled PET. The study was finalized in 2022 and conducted according to the principles of ISO 14040/ ISO 14044 standards, following the recommendations of the Product Environmental Footprint and the Circular Footprint Formula.

Evolon® microfilament textiles have a small carbon footprint because their manufacturing process uses low CO2 energy sources. The fabrics are lightweight and can be reused throughout entire production programs, e.g. of a car model when it is about the automotive industry. Furthermore, the new Evolon® RE fabrics contain up to 85% of recycled PET which is produced in-house out of post-consumer PET bottles.

Evolon® textiles are suitable for reusable technical packaging, which eliminate the use of thousands of disposable packaging materials. Evolon® fabrics offer scratch-free, lint-free, high-end surface protection for molded plastic parts, painted parts and other sensitive industrial and automotive parts during transport. This contributes to lower the scrap rate of parts and provide both financial and ecological benefits. By using Evolon® reusable packaging to transport highly-sensitive parts, customers can increase their efficiency and save resources.

Source:

Freudenberg Performance Materials

09.01.2023

Autoneum takes over automotive business of Borgers Group

January, 6 Autoneum signed an agreement to acquire the automotive business of Borgers. The transaction is expected to close in April 2023 following antitrust clearance. The enterprise value paid amounts to EUR 117 million.

Borgers specializes in textile acoustics protection, insulation and trim for automobiles. The product and customer range of Borgers is to a great extent complementary to the product and customer portfolio of Autoneum. Borgers’ wheel arch liner and trunk liner product lines as well as their truck business optimally complement the product range of Autoneum. Especially in the field of textile wheel arch liners, Borgers is the market leader in Europe. In addition, Borgers’ product range is distinguished by sustainable and fully recyclable products. In fiscal year 2021, the Borgers Automo-tive Group generated revenue of EUR 610 million with around 4 700 employees. Thanks to Autoneum’s global presence, the Borgers product portfolio adds to the sales potential for profitable growth in the medium term outside Europe.

January, 6 Autoneum signed an agreement to acquire the automotive business of Borgers. The transaction is expected to close in April 2023 following antitrust clearance. The enterprise value paid amounts to EUR 117 million.

Borgers specializes in textile acoustics protection, insulation and trim for automobiles. The product and customer range of Borgers is to a great extent complementary to the product and customer portfolio of Autoneum. Borgers’ wheel arch liner and trunk liner product lines as well as their truck business optimally complement the product range of Autoneum. Especially in the field of textile wheel arch liners, Borgers is the market leader in Europe. In addition, Borgers’ product range is distinguished by sustainable and fully recyclable products. In fiscal year 2021, the Borgers Automo-tive Group generated revenue of EUR 610 million with around 4 700 employees. Thanks to Autoneum’s global presence, the Borgers product portfolio adds to the sales potential for profitable growth in the medium term outside Europe.

Autoneum is acquiring Borgers from insolvency and has agreed new pricing and delivery terms with its customers. These will ensure sustained profitability and the further development of product and process technologies in both the short and long term.

The transaction will initially be financed through a new credit facility which is available in addition to the syndicated loan of CHF 350 million renewed in October 2022. A capital increase in the amount of approximately CHF 100 million is planned for the long-term refinancing of the acquisition. Autoneum’s two largest shareholders, Artemis Beteiligungen I AG and PCS Holding AG, have agreed to participate in the capital increase in proportion to their current shareholdings. Even taking into account the aforementioned capital increase, the transaction will generate a positive earn-ings per share contribution from the outset.

Source:

Autoneum Management AG

(c) Indorama Ventures Public Company Limited
20.12.2022

Indorama Ventures and Faurecia: New range of cushioning solutions for automotives

  • Auraloop is a brand-new range of cushioning solutions made from an innovative structure of Polyester-based fibers, 100% recyclable, aimed at the mobility markets
  • One of the objectives of Auraloop is a twofold reduction in the carbon footprint of car seat pads, currently made from polyurethane foam
  • Auraloop offers an increased level of performance in terms of thermal comfort and durability

R&D teams within the Faurecia seating activity have recently penned an exclusive development agreement with Indorama Ventures. This partnership between Indorama Ventures and Faurecia, a company of FORVIA Group which is one of the largest automotive industry suppliers, has the aim of developing Auraloop, a new range of cushioning solutions for the mobility markets and intended to replace polyurethane foam currently used in car seats.

  • Auraloop is a brand-new range of cushioning solutions made from an innovative structure of Polyester-based fibers, 100% recyclable, aimed at the mobility markets
  • One of the objectives of Auraloop is a twofold reduction in the carbon footprint of car seat pads, currently made from polyurethane foam
  • Auraloop offers an increased level of performance in terms of thermal comfort and durability

R&D teams within the Faurecia seating activity have recently penned an exclusive development agreement with Indorama Ventures. This partnership between Indorama Ventures and Faurecia, a company of FORVIA Group which is one of the largest automotive industry suppliers, has the aim of developing Auraloop, a new range of cushioning solutions for the mobility markets and intended to replace polyurethane foam currently used in car seats.

“By setting out these initial milestones in our close-knit collaboration with Faurecia, this partnership is an integral part of Indorama Ventures’ commitment to expand its existing Polyester (PET)-based portfolio and related activities into wider areas. By bringing together two leading players in the automotive industry, we aim to open up further growth opportunities for both partners”, stated Arnaud Closson, Chief Executive Officer at Indorama Ventures’ Mobility Group / Fibers Segment.

“Auraloop will replace those materials currently used in car seating with innovative and sustainable materials, based on polyester fibers that offer a total recyclability of 100%. This new material will allow for a twofold reduction in the carbon footprint of car seat pad solutions compared to current materials”, explains Nicolas Michot, Director of Technology at Faurecia Seating. Development of this product, which paves the way towards wider commercial release in two or three years, falls within the FORVIA Group strategy of going carbon neutral by 2045. For this, the group is seeking to root its commercial offer fully in the circular economy, with the development and production of sustainable cutting-edge materials under the banner of MATERI’ACT.

Auraloop offers a range of new perspectives in terms of seating comfort thanks to a more open fiber structure and permeability for air than current seating pad solutions, the breathability of seating is improved, enabling a better passive thermal regulation of occupants. The durability of seating is also increased by limited subsidence of the seat over its lifetime. The market for comfort aboard vehicles is constantly growing. The development of Auraloop falls within this dynamic, with a product offering significantly improved performances in terms of static, dynamic and welcoming comfort.

Source:

Indorama Ventures Public Company Limited

Photo Autoneum Management AG
Eelco Spoelder
13.12.2022

Eelco Spoelder new CEO of Autoneum

Matthias Holzammer is handing over the operational management of Autoneum for family reasons as of March 27, 2023. As his successor the Board of Directors has appointed Eelco Spoelder, who has over 25 years of experience in the automotive supply industry.

Eelco Spoelder has held global leadership positions in the automotive supply industry at Faurecia and previously Continental, where he ensured operational competence and strategic continuity even in a challenging market environment.
He has extensive experience in operations, manufacturing, purchasing, customer satisfaction, quality and IT and has proved successful in transforming businesses and delivering profitable growth. His core competencies include negotiating with an international network of customers and suppliers in the automotive supply industry. He is also deeply familiar with technology trends in the automotive industry.

Matthias Holzammer is handing over the operational management of Autoneum for family reasons as of March 27, 2023. As his successor the Board of Directors has appointed Eelco Spoelder, who has over 25 years of experience in the automotive supply industry.

Eelco Spoelder has held global leadership positions in the automotive supply industry at Faurecia and previously Continental, where he ensured operational competence and strategic continuity even in a challenging market environment.
He has extensive experience in operations, manufacturing, purchasing, customer satisfaction, quality and IT and has proved successful in transforming businesses and delivering profitable growth. His core competencies include negotiating with an international network of customers and suppliers in the automotive supply industry. He is also deeply familiar with technology trends in the automotive industry.

“In view of the many challenges and opportunities in the automotive industry, we are proud to have found in Mr. Spoelder a very accomplished and experienced leader who will further develop and implement our proven strategy,” said Hans-Peter Schwald, Chairman of the Board of Directors of Autoneum Holding Ltd.

Matthias Holzammer is leaving Autoneum at his own request for family reasons and will hand over operational management of the Group to Mr. Spoelder on March 27, 2023. He will then serve as Senior Advisor to the Chairman of the Board of Directors and the new CEO until June 30, 2023.

Source:

Autoneum Management AG

08.12.2022

Lectra to acquire 51% of TextileGenesis

  • Lectra extends its software offer to material traceability

Lectra announces the signature of an agreement to acquire 51% of the capital and voting rights of the Dutch company TextileGenesis. As a major player in the fashion, automotive, and furniture markets, Lectra contributes with boldness and passion to the Industry 4.0 revolution by providing software, equipment, data, and services to brands, manufacturers, and retailers.

Founded in 2018, TextileGenesis provides a Software as a Service (SaaS) platform that enables fashion brands and sustainable textile manufacturers to ensure a reliable, secure and fully digital mapping of their textiles, from the fiber to the consumer, and thereby guarantee their authenticity and origins. This solution ensures the traceability of TextileGenesis’ customers' entire sustainable textile supply chain in order to meet the demands for transparency, driven by changes in legislation in a growing number of countries and by growing consumer awareness, thereby encouraging sustainable development.  

  • Lectra extends its software offer to material traceability

Lectra announces the signature of an agreement to acquire 51% of the capital and voting rights of the Dutch company TextileGenesis. As a major player in the fashion, automotive, and furniture markets, Lectra contributes with boldness and passion to the Industry 4.0 revolution by providing software, equipment, data, and services to brands, manufacturers, and retailers.

Founded in 2018, TextileGenesis provides a Software as a Service (SaaS) platform that enables fashion brands and sustainable textile manufacturers to ensure a reliable, secure and fully digital mapping of their textiles, from the fiber to the consumer, and thereby guarantee their authenticity and origins. This solution ensures the traceability of TextileGenesis’ customers' entire sustainable textile supply chain in order to meet the demands for transparency, driven by changes in legislation in a growing number of countries and by growing consumer awareness, thereby encouraging sustainable development.  

Its innovative traceability mechanism, which addresses both ends of the textile value chain, as well as its network of partners for material certification, and its technology platform guarantee the exchange and tracking of reliable and secure data throughout a material's life cycle.

Several of the world's most prestigious fashion brands as well as leading sustainable fiber producers are already convinced of the value of TextileGenesis' innovative offer, which enables the connection of multiple actors of the sustainable fashion ecosystem on this platform.

At the beginning of January, Lectra will acquire 51% of TextileGenesis for 15.2 million euros. The acquisition of the remaining share capital and voting rights is expected to take place in two stages, in 2026 and 2028, for an amount that will be calculated based on a multiple of the 2025 and 2027 recurring revenues.

(c) ANSMANN AG
02.12.2022

Ansmann AG stellt drahtlose Heizfolie vor

Ansmann AG hat eine neuartige, überhitzungssichere Heizfolie auf der COMPAMED 2022 in Düsseldorf vorgestellt. Diese erste drahtlose Heizfolie mit völlig konstanter Wärmeverteilung war, der medizintechnischen Veranstaltung entsprechend, zu einem beheizbaren Rollstuhlpolster verarbeitet. Doch auch eine Vielzahl weiterer Anwendungen sind mit der Kunststofffolie umsetzbar: Beispiele sind beheizbare Fahrradsättel, Smart Clothing, oder sonstige wärmende Flächen und Elemente in Automotive oder E-Mobility Anwendungen vom Autositz bis zur beheizten Lastenradkabine.

Im Unterschied zu bisherigen Heizlösungen kann sie in eine beliebige Form zugeschnitten und auch geknickt oder gefaltet werden. Zudem kann sie aufgrund ihrer Materialeigenschaften nicht überhitzen. Die Wärmeverteilung in der Fläche ist dabei völlig gleichmäßig und dadurch sehr angenehm für den Nutzer.

Jedes Produkt mit bis zu 1×1m großer Fläche in beliebiger Form, kann an eine Niedervolt-Stromversorgung angeschlossen werden und für gleichmäßige Wärme mit einer solchen Heizfolie bestückt werden.

Ansmann AG hat eine neuartige, überhitzungssichere Heizfolie auf der COMPAMED 2022 in Düsseldorf vorgestellt. Diese erste drahtlose Heizfolie mit völlig konstanter Wärmeverteilung war, der medizintechnischen Veranstaltung entsprechend, zu einem beheizbaren Rollstuhlpolster verarbeitet. Doch auch eine Vielzahl weiterer Anwendungen sind mit der Kunststofffolie umsetzbar: Beispiele sind beheizbare Fahrradsättel, Smart Clothing, oder sonstige wärmende Flächen und Elemente in Automotive oder E-Mobility Anwendungen vom Autositz bis zur beheizten Lastenradkabine.

Im Unterschied zu bisherigen Heizlösungen kann sie in eine beliebige Form zugeschnitten und auch geknickt oder gefaltet werden. Zudem kann sie aufgrund ihrer Materialeigenschaften nicht überhitzen. Die Wärmeverteilung in der Fläche ist dabei völlig gleichmäßig und dadurch sehr angenehm für den Nutzer.

Jedes Produkt mit bis zu 1×1m großer Fläche in beliebiger Form, kann an eine Niedervolt-Stromversorgung angeschlossen werden und für gleichmäßige Wärme mit einer solchen Heizfolie bestückt werden.

28.11.2022

Autoneum introduces fully recyclable polyester carpet systems

Automotive carpets are typically multi-layered systems that can be challenging to recycle. By introducing a carpet made of 100% polyester, Autoneum now opens up new opportunities for vehicle manufacturers to meet their sustainability targets. The innovative carpet systems are fully recyclable, thus paving the way for an improved and more sustainable end-of-life recycling of electric vehicles. In addition, the high content of recycled PET as well as the zero waste and less energy-intensive production process further improve the carbon footprint of Autoneum’s new monomaterial needlepunch and tufted carpets.

Automotive carpets are typically multi-layered systems that can be challenging to recycle. By introducing a carpet made of 100% polyester, Autoneum now opens up new opportunities for vehicle manufacturers to meet their sustainability targets. The innovative carpet systems are fully recyclable, thus paving the way for an improved and more sustainable end-of-life recycling of electric vehicles. In addition, the high content of recycled PET as well as the zero waste and less energy-intensive production process further improve the carbon footprint of Autoneum’s new monomaterial needlepunch and tufted carpets.

Autoneum’s fully recyclable carpet systems ensure a closed material loop and are thus proof of the Company’s commitment to improving the sustainability performance of its products and manufacturing processes. The 100% polyester carpets build on the existing lightweight and particularly sustainable Autoneum Pure technologies: the carpet surface, for example, is made of Di-Light or Relive-1, while Hybrid-Acoustics PET is used for the decoupler. Thanks to Autoneum’s innovative alternative backcoating (ABC) process, which uses a thermoplastic adhesive instead of latex, the production of the new monomaterial needlepunch and tufted carpets also requires significantly less energy and no water at all.

Autoneum’s sustainable tufted carpet system made of 100% polyester is already in development for an electric model of a German vehicle manufacturer that will be available in Europe and Asia.

Source:

Autoneum

Photo: OCSiAl
24.11.2022

OCSiAl: Graphene nanotubes expand textiles’ functionality

  • ESD protection in harsh environments:
  • Polymer-coated chemical-resistant fabrics and fireproof special textiles with expanded electrostatic discharge (ESD) safety function have been developed.
  • Graphene nanotubes used as an electrostatic dissipative material make it possible to add ESD protection without compromising resistance to aggressive environments.
  • Efficient working loadings starting from 0.06% are sufficient for stable anti-static properties fully compliant with safety standards and position graphene nanotubes far ahead of other conductive materials.

Protective clothing, upholstery, and industrial fabrics that experience harsh conditions require advanced performance. Depending on the final application, specialty textiles can be augmented with flame retardancy, durability, chemical protection, and other properties. Additionally, ESD protection is obligatory in the chemical, rescue, mining, oil & gas, automotive manufacturing, and many other industries that are subject to safety regulations.
 

  • ESD protection in harsh environments:
  • Polymer-coated chemical-resistant fabrics and fireproof special textiles with expanded electrostatic discharge (ESD) safety function have been developed.
  • Graphene nanotubes used as an electrostatic dissipative material make it possible to add ESD protection without compromising resistance to aggressive environments.
  • Efficient working loadings starting from 0.06% are sufficient for stable anti-static properties fully compliant with safety standards and position graphene nanotubes far ahead of other conductive materials.

Protective clothing, upholstery, and industrial fabrics that experience harsh conditions require advanced performance. Depending on the final application, specialty textiles can be augmented with flame retardancy, durability, chemical protection, and other properties. Additionally, ESD protection is obligatory in the chemical, rescue, mining, oil & gas, automotive manufacturing, and many other industries that are subject to safety regulations.
 
In applications where multifunctionality of textile is required, graphene nanotubes overcome the limitations of other conductive materials such as unstable anti-static properties; degradation of strength, or chemical or fire resistance; complicated manufacturing processes; dusty production; carbon contamination on the material’s surface; or limited color options. Recent developments show that graphene nanotubes provide ESD protection to textiles in full compliance with safety standards and without degrading the textile’s resistance to harsh environments, greatly enhancing the value of textiles.
 
One such example is textiles coated with fluoroelastomer (a polymer that is highly resistant to chemicals) augmented with graphene nanotubes from OCSiAl. Nanotubes provide the material with surface resistivity of 10^6–10^8 Ω/sq compliant with EN, ISO, and ATEX standards for personal protective equipment. This new technology opens the door for the fabric to be used in high-level protective suits, combining exceptional protection from chemicals with electrostatic discharge protection.
 
Another example is how graphene nanotube technology is being acknowledged as a replacement for metal yarns in fireproof and anti-static textiles, protecting against sparks, splashes of molten metal, high temperatures, and the risk of sudden electrostatic discharge. While metal yarns require a specific knitting process and storage conditions, incorporating nanotubes in a fabric does not require any changes in the manufacturing process as the water-based dispersion is introduced into the fabric at the fluoro-organic treatment stage. The fabric with OCSiAl’s graphene nanotubes has been proven to maintain the pre-set level of ESD protection (surface resistance of 10^7 Ω) after numerous washes.
 
Permanent and stable electrical conductivity, facilitated by graphene nanotubes, is not only a matter of safety but brings additional value in augmenting dust-repellent properties and touchscreen compatibility for comfort and time savings. At the same time, the ultralow nanotube concentrations result in maintained manufacturing processes and mechanical properties, and improve product aesthetics by making it possible to use a wide range of colors. Altogether, these benefits allow textile manufacturers to create next-generation special textiles with expanded functionality.

 

(c) Indorama Ventures Public Company Limited
22.11.2022

Indorama Ventures’ Deja™ brand named winner of the Best Sustainable Product Award

Indorama Ventures Public Company Limited (IVL) has been named winner of the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022. The award was for IVL’s DejaTM Carbon Neutral pellets, a carbon-neutral virgin polyethylene terephthalate (PET) resins, helping to reduce environmental impact.

The Deja™ brand covers carbon neutral virgin and recycled PET resins and a range of recycled PET (rPET) products, including flakes, resins, fibers, and yarns. It provides IVL’s global customers with a range of high-performance applications, including packaging, lifestyle, automotive, apparel, and medical equipment. The solutions help environmentally conscious companies meet their sustainability goals.

IVL has set ambitious 2025 and 2030 targets, which shall be met through its six-pronged decarbonization strategy, including energy transition, improving operational efficiency, circular feedstock, and future technologies. The company also has a goal to recycle 100 billion PET bottles annually by 2030.

Indorama Ventures Public Company Limited (IVL) has been named winner of the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022. The award was for IVL’s DejaTM Carbon Neutral pellets, a carbon-neutral virgin polyethylene terephthalate (PET) resins, helping to reduce environmental impact.

The Deja™ brand covers carbon neutral virgin and recycled PET resins and a range of recycled PET (rPET) products, including flakes, resins, fibers, and yarns. It provides IVL’s global customers with a range of high-performance applications, including packaging, lifestyle, automotive, apparel, and medical equipment. The solutions help environmentally conscious companies meet their sustainability goals.

IVL has set ambitious 2025 and 2030 targets, which shall be met through its six-pronged decarbonization strategy, including energy transition, improving operational efficiency, circular feedstock, and future technologies. The company also has a goal to recycle 100 billion PET bottles annually by 2030.

Chemical Week Sustainability Awards recognize the industry's best efforts in addressing financial, operational, and strategic challenges by focusing on ESG and sustainable product development. The awards were assessed by S&P Global, the world's leading credit rating agency, and a panel of experts from various companies across the chemical industry's value chain.

08.11.2022

Ascend buys majority stake in recycler Circular Polymers

Ascend Performance Materials has purchased a majority stake in California-based Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). The deal provides Ascend with a consistent supply of high-quality PCR materials for its ReDefyne™ sustainable polyamides, launched at K 2022.

Circular Polymers, which as part of the deal is renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet via a unique technology and has redirected approximately 85 million pounds of waste from landfills into new goods since 2018.

“We are focused on helping our customers reach their sustainability goals and Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis,” said Phil McDivitt, president and CEO of Ascend. “Since we launched ReDefyne, the demand for our circular products has been significant across all segments of our business, including automotive, consumer, electronics and high-performance fibers and textiles.”

Ascend Performance Materials has purchased a majority stake in California-based Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). The deal provides Ascend with a consistent supply of high-quality PCR materials for its ReDefyne™ sustainable polyamides, launched at K 2022.

Circular Polymers, which as part of the deal is renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet via a unique technology and has redirected approximately 85 million pounds of waste from landfills into new goods since 2018.

“We are focused on helping our customers reach their sustainability goals and Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis,” said Phil McDivitt, president and CEO of Ascend. “Since we launched ReDefyne, the demand for our circular products has been significant across all segments of our business, including automotive, consumer, electronics and high-performance fibers and textiles.”

Ascend has a sustainability strategy based on three pillars: empowering people, innovating solutions and operating without compromise. Ascend has committed to reducing its greenhouse gas emissions by 80% by 2030 and recently announced two new efforts to reduce the carbon footprint of its products.

Source:

Ascend Performance Materials / EMG

04.11.2022

Lectra published financial report for the first nine months of 2022

  • Revenues: 392.1 million euros (+50%)
  • EBITDA before non-recurring items: 74.9 million euros (+73%)
  • Net income: 35.4 million euros (multiplied by 2.1)
  • Free cash flow before non-recurring items: 31.6 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2022, which have not been reviewed by the Statutory Auditors.
To facilitate the analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

  • Revenues: 392.1 million euros (+50%)
  • EBITDA before non-recurring items: 74.9 million euros (+73%)
  • Net income: 35.4 million euros (multiplied by 2.1)
  • Free cash flow before non-recurring items: 31.6 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2022, which have not been reviewed by the Statutory Auditors.
To facilitate the analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

Source:

Lectra

03.11.2022

SGL Carbon: Positive business development in all business units

  • Positive business development in all four business units
  • Sales increases by 14.8% to €853.9 million
  • Adjusted EBITDA improves by 25.4% to €136.1 million
  • Successful refinancing of the 2018 convertible bonds

After €270.9 million in Q1 2022 and €278.9 million in Q2, SGL Carbon increased its consolidated sales to €304.1 million in Q3 2022. After nine months, this corresponds to a significant sales growth of 14.8% to a total of €853.9 million (9M 2021: €743.5 million). The positive business development is also reflected in the company's adjusted EBITDA, which improved by 25.4% year-on-year to €136.1 million (9M 2021: €108.5 million). All four business units contributed to the operating success.

Outlook
Due to the positive business development, the management increased the forecast for the full year on 6 September 2022. For the financial year 2022, Group sales of approx. €1.2 billion (previously: approx. €1.1 billion) and adjusted EBITDA of €170 to 190 million (previously: €130 to 150 million) are expected.

  • Positive business development in all four business units
  • Sales increases by 14.8% to €853.9 million
  • Adjusted EBITDA improves by 25.4% to €136.1 million
  • Successful refinancing of the 2018 convertible bonds

After €270.9 million in Q1 2022 and €278.9 million in Q2, SGL Carbon increased its consolidated sales to €304.1 million in Q3 2022. After nine months, this corresponds to a significant sales growth of 14.8% to a total of €853.9 million (9M 2021: €743.5 million). The positive business development is also reflected in the company's adjusted EBITDA, which improved by 25.4% year-on-year to €136.1 million (9M 2021: €108.5 million). All four business units contributed to the operating success.

Outlook
Due to the positive business development, the management increased the forecast for the full year on 6 September 2022. For the financial year 2022, Group sales of approx. €1.2 billion (previously: approx. €1.1 billion) and adjusted EBITDA of €170 to 190 million (previously: €130 to 150 million) are expected.

Consequently, an adjusted EBIT of €110 to 130 million (previously: €70 to 90 million) is forecasted. The expectations for return on capital employed (ROCE) of originally 7% to 9% are raised to 10% to 12% in line with the development of earnings. The estimate for free cash flow (significantly below the previous year's level of €111.5 million) remains unchanged.

Source:

SGL CARBON SE

31.10.2022

Autoneum: Long-term financing sustainably secured

Autoneum Holding Ltd signed a new loan agreement with a syndicate of banks led by UBS and Credit Suisse on the 31st of October 2022. This loan agreement replaces with immediate effect the existing syndicated loan, which was due to run until December 31, 2022.

The credit line specified under the new agreement remains at CHF 350 million and includes a substantial financial reserve for the Company. The main provisions of the previous loan agreement also apply unchanged to the new loan agreement, which runs for five years until October 31, 2027.

“We are pleased to have concluded this loan agreement, which secures the Group’s long-term financing,” said Bernhard Wiehl, Chief Financial Officer at Autoneum. “It is also important to say at this point that Autoneum has managed to further strengthen its financial stability over the last three years despite the corona crisis and a challenging environment in the automotive industry. Positive cash flow development over the past two years has enabled Autoneum to continuously reduce net debt since 2020.”

Autoneum Holding Ltd signed a new loan agreement with a syndicate of banks led by UBS and Credit Suisse on the 31st of October 2022. This loan agreement replaces with immediate effect the existing syndicated loan, which was due to run until December 31, 2022.

The credit line specified under the new agreement remains at CHF 350 million and includes a substantial financial reserve for the Company. The main provisions of the previous loan agreement also apply unchanged to the new loan agreement, which runs for five years until October 31, 2027.

“We are pleased to have concluded this loan agreement, which secures the Group’s long-term financing,” said Bernhard Wiehl, Chief Financial Officer at Autoneum. “It is also important to say at this point that Autoneum has managed to further strengthen its financial stability over the last three years despite the corona crisis and a challenging environment in the automotive industry. Positive cash flow development over the past two years has enabled Autoneum to continuously reduce net debt since 2020.”

With the syndicated loan, the Group’s liquidity and long-term financing continue to be sustainably secured through a broad-based syndicate of twelve banks.

Source:

Autoneum Management AG

Photo: Monforts
The new seven chamber Montex TwinAir stenter range with Montex®Coat coating at the plant.
26.10.2022

Dolinschek: Compression stockings in a variety of colours

The identification of profitable new niche markets has been central to the success and continuous expansion of Germany’s Dolinschek, a leading knitting, dyeing and finishing specialist, located in Burladingen in Baden-Württemberg.

“There is so much more to textiles than just clothing,” says Theo Dolinschek, who runs the company with his brother Erwin. “We handle many different technical materials such as automotive components, geotextiles and wallcoverings, but also those for more unusual applications such as inlays for extractor hoods, cut protection fabrics and even wool felts which are employed as insulation on wind turbines.

“We have also recently started to produce compression stockings in a variety of colours, because not everyone wants them black, beige or skin coloured. The most important product areas for us now are in sportswear, corsetry and lingerie, as well as orthopedic and medical products, workwear and protective clothing, but in addition, many other technical applications.”

The identification of profitable new niche markets has been central to the success and continuous expansion of Germany’s Dolinschek, a leading knitting, dyeing and finishing specialist, located in Burladingen in Baden-Württemberg.

“There is so much more to textiles than just clothing,” says Theo Dolinschek, who runs the company with his brother Erwin. “We handle many different technical materials such as automotive components, geotextiles and wallcoverings, but also those for more unusual applications such as inlays for extractor hoods, cut protection fabrics and even wool felts which are employed as insulation on wind turbines.

“We have also recently started to produce compression stockings in a variety of colours, because not everyone wants them black, beige or skin coloured. The most important product areas for us now are in sportswear, corsetry and lingerie, as well as orthopedic and medical products, workwear and protective clothing, but in addition, many other technical applications.”

The Dolinschek brothers moved their business to the historic site of the former Ambrosius Heim textile company in Burladingen in 2001 in order to expand. At the time, the company – founded by their father in 1980 as a textile wholesaler before moving into dyeing – employed just 13 people. Within a year, the company had bought additional space at the site.

Now, with Theo in charge of technology and sales, and Erwin responsible for production, the company employs almost 100 people and operates on an integrated site of 35,000 square metres.

In 2005, a laminating department was established by the company and since 2012 investment in knitting machines has been ongoing.

“The further we went into vertical integration, the more of our own products we were able to position on the market and so we were also able to make ourselves more independent,” says Theo. “We have continued to develop and today we can produce high-quality fabrics for many fields, with 42 knitting machines, 36 dyeing machines, three stenter frames and many other production and processing machines.”

Dolinschek has also developed its own proprietary TMG dyeing machines which have subsequently been successfully sold to many other companies all over the world. There are currently 11 of these machines  in operation at the Burladingen site and around 45 installed at other companies.

For finishing technology, however, the company relies on Monforts, and has installed a new seven chamber Montex TwinAir stenter range with a Montex®Coat coating unit in knife execution, enabling the coating of dimensionally stable knitted fabrics with polyurethane or acrylate. Another unique feature is the Teflon-coated (non-stick) transportation belt through the system.

The Montex line is also equipped with integrated heat recovery and exhaust gas purification to ensure the most resource-efficient processing available on the market. The exhaust air goes from the Monforts heat recovery system into an existing air/water heat recovery system and then into an electrostatic precipitator.

Highly-intuitive Monforts Qualitex visualisation software allows all machine functions and process parameters to be assessed and controlled easily.

 

More information:
Dolinschek Monforts
Source:

AWOL Media

(c) UNIFI
25.10.2022

Hologenix and UNIFI® announce partnership

Hologenix, creators of CELLIANT®, and global textile solutions provider UNIFI®, makers of REPREVE®, have announced their partnership to introduce CELLIANT® with REPREVE®. CELLIANT with REPREVE has the infrared properties of science-backed CELLIANT infrared technology and the sustainable footprint of REPREVE, a brand of recycled fiber.

CELLIANT is a blend of IR-generating bioceramic minerals, which, when embedded into textiles, allows them to convert body heat into infrared energy, returning it to the body and temporarily increasing local circulation and cellular oxygenation. This aids significantly in muscle recovery, increases endurance, and improves overall performance in healthy individuals, among other benefits.

REPREVE recycled performance fiber consists of high-quality fibers made from 100% recycled materials, including post-consumer plastic bottles and pre-consumer waste. It is also certified and traceable with U TRUST® verification and FiberPrint™ technology, to back up customers' recycled claims. Compared to virgin fiber, REPREVE helps to offset the use of petroleum, emitting fewer greenhouse gasses and conserving water and energy in the process.

Hologenix, creators of CELLIANT®, and global textile solutions provider UNIFI®, makers of REPREVE®, have announced their partnership to introduce CELLIANT® with REPREVE®. CELLIANT with REPREVE has the infrared properties of science-backed CELLIANT infrared technology and the sustainable footprint of REPREVE, a brand of recycled fiber.

CELLIANT is a blend of IR-generating bioceramic minerals, which, when embedded into textiles, allows them to convert body heat into infrared energy, returning it to the body and temporarily increasing local circulation and cellular oxygenation. This aids significantly in muscle recovery, increases endurance, and improves overall performance in healthy individuals, among other benefits.

REPREVE recycled performance fiber consists of high-quality fibers made from 100% recycled materials, including post-consumer plastic bottles and pre-consumer waste. It is also certified and traceable with U TRUST® verification and FiberPrint™ technology, to back up customers' recycled claims. Compared to virgin fiber, REPREVE helps to offset the use of petroleum, emitting fewer greenhouse gasses and conserving water and energy in the process.

CELLIANT with REPREVE’s official preferred North America knitting partner is Beverly Knits, one of the largest circular knitters in the US, developing fabric for all markets including intimate apparel, activewear, outdoor products, mattress and bedding, automotive, industrial and medical. Beverly Knits also operates Creative Dyeing & Finishing, LLC.

Source:

Hologenix 

Freudenberg´s gas diffusion layer production Photo: Freudenberg´s gas diffusion layer production.
20.10.2022

Freudenberg supplies gas diffusion layers for fuel cell stacks

Freudenberg Performance Materials (Freudenberg) has concluded a high-volume, multi-year contract with a global automotive tier one supplier to supply high-performance gas diffusion layers for the stacks forming the core of the fuel cell systems produced by the leading automotive supplier. Global target applications are mid-sized and heavy commercial vehicles as well as buses. Freudenberg is supporting the customer’s global fuel cell activities, thereby also accelerating the breakthrough of mass-produced fuel cell stacks.

Fuel cell technology is an important element of a successful energy transition. Gas diffusion layers play a key role in this context: they are indispensable for the functioning of a fuel cell and have a significant impact on the performance of a fuel cell stack.

Freudenberg Performance Materials (Freudenberg) has concluded a high-volume, multi-year contract with a global automotive tier one supplier to supply high-performance gas diffusion layers for the stacks forming the core of the fuel cell systems produced by the leading automotive supplier. Global target applications are mid-sized and heavy commercial vehicles as well as buses. Freudenberg is supporting the customer’s global fuel cell activities, thereby also accelerating the breakthrough of mass-produced fuel cell stacks.

Fuel cell technology is an important element of a successful energy transition. Gas diffusion layers play a key role in this context: they are indispensable for the functioning of a fuel cell and have a significant impact on the performance of a fuel cell stack.

A fuel cell converts the chemical energy of hydrogen and atmospheric oxygen into electricity. Functionally-optimized gas diffusion layers made of carbon-fiber based nonwoven are installed on both sides of a catalyst-coated membrane positioned in the middle of the fuel cell. The gas diffusion layers distribute hydrogen and oxygen evenly to the membrane and remove the electricity, heat and water generated by the CO2-free chemical reaction. They also protect the sensitive membrane and are optimized to suit the bipolar plate. A fuel cell stack is made up of several individual fuel cells.

Freudenberg already has more than 20 years of unique expertise in the development and production of gas diffusion layers for fuel cell applications in the mobility sector and for porous transport layers used in electrolyzers. Freudenberg is currently expanding its production capacity at its Weinheim headquarters by installing additional lines. Further investments are on the verge of implementation.

(c) DiloGroup
Needle Module Holder
13.10.2022

DiloGroup at India ITME 2022

DiloGroup will be attenting India ITME 2022 (December 8 – 13, 2022), an exhibition for the textile industry, which offers a central forum for dialogue within the textile production sector, including textile machine building, fibre production, ancillaries and accessories. For DiloGroup this event is a good oppportunity to inform customers and interested parties about new developments aimed at improving production technologies with a focus on needlefelts.

Focal points of the development work are:

DiloGroup will be attenting India ITME 2022 (December 8 – 13, 2022), an exhibition for the textile industry, which offers a central forum for dialogue within the textile production sector, including textile machine building, fibre production, ancillaries and accessories. For DiloGroup this event is a good oppportunity to inform customers and interested parties about new developments aimed at improving production technologies with a focus on needlefelts.

Focal points of the development work are:

  1. Intense Needling:
    The development efforts of DiloGroup aim at producing nonwovens by “intense needling” instead of water entangling, even for light nonwovens made of fine fibres for the medical and hygiene sector with an area weight of 30 – 100 g/m². This would result in a reduction of the environmentally relevant production costs; per annum to about 1/3 to 1/5 of current.
  2. “Fibre Pulp Recycling”
    Fibrous material in nonwovens and particularly used clothes can be successfully recycled, if staple length can be conserved in the tearing process. In the classical tearing process, staple lengths are dramatically reduced and therefore these fibres can only be used as base material for inferior uses in thermal or acoustic insulation or in protective textiles, transportation or protective covers etc.
    When recycling textile waste in the context of the collection of used clothes, the so called “filament-saving” tearing using special tearing machines and methods must be used to produce fibres with longer staple lengths which can be fed to a nonwoven installation. Hence product characteristics can be better specified and controlled.
  3. Additive nonwoven production
    The additive production method of the “3D-Lofter” is especially suited for automotive parts with differently distributed masses. It is also suited for uses in the sector of apparel and shoe production.
  4. “IsoFeed”-card feeding
    In the field of card feeding, the “IsoFeed” method offers great potential for a more homogeneous card feeding at the same time reducing the variation in cross-machine fibre mass distribution and thus the fibre consumption while conserving the end product quality.
Source:

DiloGroup

Photo: Indorama Ventures Limited
12.10.2022

Indorama Ventures: New plant for nylon yarn

  • Collaboration between Indorama Ventures and Toyobo to meet growing global demand for airbags
  • Newly completed plant in Thailand will supply high-performance nylon yarn to customers in the automotive safety sector

Indorama Ventures Public Company Limited (IVL) celebrated the completion of a plant to manufacture high-performance nylon yarn for automobile airbags. The new plant in Rayong, Thailand, was constructed by Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF), a joint venture that Indorama Ventures established with Toyobo Co., Ltd in November 2020.

The plant, which has been built on the site of Indorama Polyester Industries PCL (IPI) in Rayong Province, will deliver 11,000 tons of high-performance yarn per year to meet global demand for airbags that is expected to grow by 3 percent to 4 percent annually as automakers equip vehicles with more airbags and emerging economies require cars to adopt more safety features. Test production is scheduled to start in October 2022 with the goal of starting commercial production in the middle of 2023.

  • Collaboration between Indorama Ventures and Toyobo to meet growing global demand for airbags
  • Newly completed plant in Thailand will supply high-performance nylon yarn to customers in the automotive safety sector

Indorama Ventures Public Company Limited (IVL) celebrated the completion of a plant to manufacture high-performance nylon yarn for automobile airbags. The new plant in Rayong, Thailand, was constructed by Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF), a joint venture that Indorama Ventures established with Toyobo Co., Ltd in November 2020.

The plant, which has been built on the site of Indorama Polyester Industries PCL (IPI) in Rayong Province, will deliver 11,000 tons of high-performance yarn per year to meet global demand for airbags that is expected to grow by 3 percent to 4 percent annually as automakers equip vehicles with more airbags and emerging economies require cars to adopt more safety features. Test production is scheduled to start in October 2022 with the goal of starting commercial production in the middle of 2023.

In 2014, Indorama Ventures and Toyobo jointly acquired Germany’s PHP Fibers GmbH, a leading airbag yarn maker. Since then, both companies have strengthened their relationship with a focus to expand in the automotive safety sector. Mr Christopher Kenneally, based in Bangkok, leads IVL’s Fibers segment, which produces fibers and yarns across its Hygiene, Mobility and Lifestyle verticals. Mr Ashok Arora, with over 30 years of experience in fibers and polymer operations, will helm TIAF as CEO while maintaining his role as CTO with IVL Fibers.

Source:

Indorama Ventures Limited

(c) BRÜCKNER
The project team of BRÜCKNER and HEATHCOAT in BRÜCKNER’s Technology Centre in Leonberg
04.10.2022

BRÜCKNER: New finishing line for British company HEATHCOAT FABRICS

HEATHCOAT FABRICS partnered again with BRÜCKNER Textile Technologies and their sales partner ADVANCED DYEING SOLUTIONS to install a finishing line for industrial textiles. HEATHCOAT FABRICS specializes in the production of technical textiles in the fields of texturising, weaving and warp knitting as well as dyeing and finishing. The prroducts are manufactured for use in the automotive, healthcare, defence, and aerospace industries

Mrs. Regina Brückner, CEO and owner of the BRÜCKNER Group stated: "To meet the complex re-quirements of HEATHCOAT is not easy because of the great variety of technical textiles produced. Our line has to finish light as well as heavy articles, so the design, control and the whole line layout have to be flexible, functional and still easy to operate. Fortunately, the team at HEATHCOAT FABRICS is very innovative and open-minded, and together we worked hard to develop the right technology and han-dling. We are very happy that we could convince this customer, whom we appreciate very much, with the productivity of our line and of course with our technological know-how."

HEATHCOAT FABRICS partnered again with BRÜCKNER Textile Technologies and their sales partner ADVANCED DYEING SOLUTIONS to install a finishing line for industrial textiles. HEATHCOAT FABRICS specializes in the production of technical textiles in the fields of texturising, weaving and warp knitting as well as dyeing and finishing. The prroducts are manufactured for use in the automotive, healthcare, defence, and aerospace industries

Mrs. Regina Brückner, CEO and owner of the BRÜCKNER Group stated: "To meet the complex re-quirements of HEATHCOAT is not easy because of the great variety of technical textiles produced. Our line has to finish light as well as heavy articles, so the design, control and the whole line layout have to be flexible, functional and still easy to operate. Fortunately, the team at HEATHCOAT FABRICS is very innovative and open-minded, and together we worked hard to develop the right technology and han-dling. We are very happy that we could convince this customer, whom we appreciate very much, with the productivity of our line and of course with our technological know-how."

The direct gas heated BRÜCKNER POWER-FRAME stenter with its staggered heating source arrangement every half zone provides best available temperature consistency across the length and the width of the stenter. The unit is equipped with a low-lub, horizontally returning combined pin / clip chain and several fabric paths, especially designed for the different fabrics being processed. Together with HEATHCOAT FABRICS technologists, the BRÜCKNER design team developed a special delivery end of the stenter with different edge trimming and slitting possibilities. Depending on the kind of products, the fabrics can be batched on large diameter A-frames, wound on cardboard tubes or plaited into trolleys.

Source:

Brückner Trockentechnik GmbH & Co. KG