From the Sector

• Revenue increased by 5.9 percent to EUR 2.26 bn
• EBITDA up 17.3 percent to EUR 502.5 mn
• Dividend proposal of EUR 3.00/share plus a special dividend of EUR 2.00/share
• New brand strategy to generate a strong message to consumers
• Limited visibility for coming quarters

In 2017, the Lenzing Group reports its best financial performance ever with record revenue and earnings due to a better product mix and higher selling prices in combination with a generally favorable market environment.

Group revenue grew by 5.9 percent in the 2017 financial year to EUR 2.26 bn (2016: EUR 2.13 bn). Group earnings before interest, tax, depreciation and amortization (EBITDA) improved by 17.3 percent to EUR 502.5 mn (2016: EUR 428.3 mn). The corresponding EBITDA margin rose to 22.2 percent (2016: 20.1 percent). Earnings before interest and tax (EBIT) increased by 25.2 percent to EUR 371 mn, resulting in a higher EBIT margin of 16.4 percent (2016: 13.9 percent). The net profit for the year totaled EUR 281.7 mn, a rise of 23 percent from the prior-year figure of EUR 229.1 mn. Earnings per share in the 2017 financial year amounted to EUR 10.47 (2016: EUR 8.48).

The Management Board and the Supervisory Board will propose at the upcoming Annual General Meeting a stable dividend of EUR 3.00 per share plus an increased special dividend of EUR 2.00 per share (2016: EUR 1.20 per share). In total, the dividend will amount to EUR 5.00 per share, corresponding to a dividend payment to shareholders of EUR 132.75 mn.

“The Lenzing Group looks back at a very successful year 2017. We continued to implement our corporate strategy sCore TEN with great discipline and focus on our investment projects and successfully captured value in a positive market environment. Our commitment to innovation and customer centricity was underpinned by the opening of an application innovation center in Hong Kong and the creation of the new sales and marketing office in Turkey. In line with sCore TEN we decided to revamp our brand architecture and image to sharpen Lenzing’s corporate and product profiles for customers and consumers. We want to put a stronger emphasis on our ambition to make the textile and nonwoven market more sustainable”, says Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

“We are very positive about our chosen strategy as it will help us to be more resilient as we expect more headwinds in the upcoming quarters”, he adds.

CHOMARAT, the composite reinforcement specialist group, is launching its multiaxial glass NCF for thermoplastic composites. The unique patented stitching yarn used can withstand processing temperatures to 400°C, making it an innovative industrial solution for thermoplastic composites and an alternative to the woven reinforcements used especially in the automotive sector. For the first time, CHOMARAT is also exhibiting a unidirectional carbon NCF reinforcement that is adapted to the productivity and performance requirements in the wind energy sector.

AN INNOVATIVE INDUSTRIAL SOLUTION TO REINFORCE AUTOMOTIVE THERMOPLASTICS
Thanks to a unique patented stitching yarn, the glass NCF reinforcement (G-PLY™) developed by CHOMARAT offers new possibilities in thermoplastic RTM and organosheet processes. “This is an especially innovative solution, utilizing stitching yarns that are compatible with processing temperatures to 400°C. These multiaxials improve the performance and provide a lot of construction freedom in terms of fibre orientation. These new design possibilities contribute to structural optimization. The quest for more lightweight vehicles, shorter cycle times and lower cost is a major issue for all builders,” explains CHOMARAT Automotive Market Manager Francisco De Oliveira.
This new heat-stable G-PLY™ reinforcement can withstand very high processing temperatures without deformation and provides optimal mechanical performance.

A CARBON UD TO REINFORCE EXTRA-THICK WIND TURBINE STRUCTURES
For the first time, CHOMARAT is exhibiting an infusion-moulded laminate made with 150 plies of its new unidirectional carbon C-PLY™. This 600g/m², high-permeability NCF can be used to create extra-thick structures, in particular the wind-turbine blade stiffeners, or spar caps. “Cost reduction is the challenge in the wind energy industry. Increasing the blade length by incorporating carbon stiffeners increases power, and so it also lowers the cost of the energy,” says CHOMARAT Wind Energy Market Manager Raphaël PLEYNET. The carbon UD developed by CHOMARAT provides a solution to achieve the goal to optimize the weight/power ratio. The UD’s high permeability reduces cycle times and lowers the blade production costs.

Professor Sung Ha from the University of Hanyang will give a conference on composite challenges in the wind energy sector at 11:30 am on Wednesday, 7 March 2018 at JEC World.
Established in 1898, CHOMARAT is an international industrial textile group, involved in three businesses: Composites Reinforcements, Construction Reinforcements, Coatings & Films–Textiles. The privately held company operates in France, Tunisia, the United States and China to service its global customers.
CHOMARAT leads a strong innovation strategy, rising to challenges, developing materials for the future. Hence, the Group invests in new technologies and enters into collaborative research programs with universities and technical centers worldwide.
CHOMARAT offers strong technical know-how and mastery of complex technologies in fields ranging from automotive, aerospace, sports, energy, marine, construction, and also in markets requiring creativity and expertise, like luxury goods.

• INVISTA to showcase ‘Innovative Attitude’ at Intertextile Shanghai Apparel Fabrics
• Innovative INVISTA products, findings from a new textile industry IP protection survey, in-depth consumer insights and fashion trends will be revealed

INVISTA, one of the world’s largest integrated producers of polymers and fibres, will showcase the innovative attitudes enabling it to maintain a leading position in the textile industry at the upcoming Rendez-Vous 2017 at October’s Intertextile Shanghai Apparel Fabrics – the world’s most influential apparel event. INVISTA Rendez-Vous will showcase innovative INVISTA products, offer consumer insights and reveal the results of a textile industry IP protection survey.

INVISTA Rendez-Vous 2017 will be held at Intertextile Shanghai Apparel Fabrics 11 – 13 October at the National Exhibition and Convention Center in Shanghai, with INVISTA occupying two booths in hall 5.2 E49 and hall 7.2 E55. 

As a global authoritative trade show in textile industry, Intertextile Shanghai Apparel Fabrics has been a platform for INVISTA to communicate with players across the value chain for 23 years. This year’s event will be no exception. The rich and vivid content delivered at the show will focus on INVISTA’s Innovative Attitude to consumers, partners as well as the whole industry.

To build a healthy and sustainable marketing environment, INVISTA cooperated with a number of media organisations to conduct a survey on IP protection in the textile industry. The results will be revealed during a seminar entitled ‘Innovation and IP: An Avenue for Sustainable Textile Industry Development’, which will be held on 11 October, 2:45 – 3:45pm in the Textile Dialogue area in hall 5.2. Representatives from textile industry associations, legal firms and INVISTA will share the findings and offer insights during what will undoubtedly be one of the highlights of INVISTA Rendez-Vous 2017.

The main pavilion of the show will be located in the International Hall (hall 5.2), where three of INVISTA’s most innovative products will be on show. Visitors will experience the latest possibilities offered by LYCRA® MOVESTM BRA, LYCRA® MOVESTM LEGGINGS and LYCRA® MOVESTM HOSIERY.

LYCRA® MOVESTM BRA

According to consumer research conducted in 2016, bra products in China’s domestic market don’t match consumer demands in a host of critical areas, including support, comfort and aesthetic design. To address these concerns, streamline the industry and consolidate its leadership, INVISTA is launching LYCRA® lastingFIT technology for bra wings. In addition, INVISTA’s cutting-edge technology can contribute to meeting specific quality standards in bra wing fabrics, enabling Chinese consumers to experience higher levels of comfort and the appropriate support they expect from a bra in different occasions.

LYCRA® MOVESTM LEGGINGS

INVISTA’s longstanding commitment to legging fabrics will also be on display at Rendez-Vous. INVISTA’s LYCRA® MOVESTM LEGGINGS has already spawned LYCRA® SPORT Power-Comfort-Energy (PCE™) index-certified fabrics, which are now commercially available.

The revolutionary fabrics present excellent recovery performance for LYCRA® SPORT legging products. They also offer the industry an opportunity to develop a number of targeted segment markets – from compression and medium compress to light compression leggings.

LYCRA® MOVESTM HOSIERY

LYCRA® MOVESTM HOSIERY is all about fabric technology innovation. Due to excellent properties, such as anti-laddering, fit and durability as well as comfortable waistbands, INVISTA’s LYCRA® FUSIONTM technology has already been widely adopted in China’s hosiery sector.

A Packed Pavilion

At the LYCRA® MOVESTM Denim pavilion in the Beyond Denim hall (7.2), visitors won’t just see the innovative denim products offered by INVISTA; they will also learn about three themes highlighted through consumer insights – fit, shape and embracing heat & cold. There will also be a special session outlining the latest woven bottom trends, hosted by INVISTA experts.

Introduced commercially in 2010, LYCRA® dualFX® dual core yarn technology provides denim with super stretch and super recovery that fits all day and every day. It effectively prevents seam slippage and uneven fabric surfaces, keeping denim looking good, feeling comfortable and fitting, which in turn creates new denim fabric applications and fashion trends in the China market.

Last But Not Least

An interactive program, that includes visitors uploading pictures they take at the INVISTA booth to the official INVISTA WeChat account, will give every visitor a chance to win a special INVISTA gift. Visit INVISTA at hall 5.2 E49 and hall 7.2 E55 from 11 – 13 October at Intertextile Shanghai Apparel Fabrics 2017.

 Technical textile producers are invited to discover the diverse finishing and innovative customisation opportunities possible with BTT’s advanced, fully automated line for Polypropylene (PP), Polyethylene (PE) and Polyester (PES) woven fabrics and nonwovens.
BTT’s extrusion coating process can apply a wide range of polymers as a liquid layer – one-sided, two-sided or multi-layer – to make a fabric printable and/or achieve specific protective and functional performance, including waterproofing, flame resistance and antistatic properties. Optional UV stabilisation is also offered. Transparent and white transparent, standard white and black, and coloured coating options are available. Coatings range from minimum 25-30 g/m² up to 450 g/m². As well as standard widths, BTT offers extensive possibilities to customise lengths and widths, with supplementary cutting provided on a separate line with up to 6 cutters in width.

In addition to extrusion coating, BTT is also equipped for extrusion laminating to support the production of composite structures.
Franky Viaene, Global Sales Manager Beaulieu Technical Textiles, comments: “As an established leader and driving force in technical textiles, Beaulieu Technical Textiles supports a wide range of customers in varied markets, and our expertise extends right through to the finishing process. Our in-house extrusion capabilities are available to external customers and we offer close technical collaboration to ensure the optimal treatment for the desired result for their application. We’re looking forward to discussing new possibilities for the industry to benefit from our support, starting at Techtextil.”

“These products reflect Archroma’s commitment to delivering responsible products and solutions, and underscore our key principle as a company that we continuously challenge the status quo in the deep belief that we can make our industry sustainable,” stated Miquel Vila, Head of Technical Service, Brand & Performance Textile Specialties, EMEA. At the booth, Archroma will highlight in particular the following solutions and innovations:

COLOR
Archroma will be displaying its Printofix TF high-performance pigment preparations for outdoor applications. These are mainly suited for synthetic fabrics that are specifically developed for sunshades, camping tents, umbrellas and industrial applications where other dyes cannot meet the very high requirements of light and weather fastness. Printofix TF pigment preparations are easy to handle and allow the creation of colors that can resist light, weather, ozone or heat.

FIRE PROTECTION
Archroma made a commitment back in 2011 to use only non-halogenated technologies for its global range of Pekoflam products. This range is ideally suited to help customers face today’s ecological challenges and fulfill ever stricter safety regulations, regardless of the application. The company’s non-halogenated portfolio includes select products that are assessed for compliance to labels such as GOTS or OEKO-TEX(1) Standard 100 and that are in line with today’s global requirements for industrial and consumer safety.

REPELLENCY & RELEASE
Archroma's innovative next-generation fluorochemical alternative is PFOA-free* C6 Nuva N supporting the switch away from long-chain fluorotelomer products that may contain PFOA (perfluorooctanoic acid). These products provide long-lasting and excellent repellency and release effects, are easy to handle and non-sensitive regarding compatibility with other finishing chemicals. They allow covering the full spectrum of repellency and release needs in technical textile applications.

They also can be combined with finishing specialties, such as Pekoflam fire retardants, Nuva N and Smartrepel release and repellence solutions, and Sanitized(2) antimicrobial products. These products allow for more sustainable, tailor-made coating solutions for applications such as technical textiles, automotive, nonwoven, personal protective equipment and sportswear. With its diverse selection of advanced, sustainable and customizable solutions, Archroma is ideally positioned as the system supplier of choice for textile mills and nonwoven manufacturers. As Miquel Vila puts it: “Visit us at Techtextil to learn more about products that offer cutting-edge functionality while also being safer and more environmentally friendly. It's our nature!”