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(c) RIRI SA
05.07.2022

Riri Group’s FW 23-24 collection explores polysemic dimensions of reality

Since 85 years, Riri Group is a point of reference for the creation of details of style providing fashion brands with accessories, including zippers, buttons, metal components, and fashion jewels. Fashion is necessarily a reflection of social changes, cultural turmoil, popular aspirations, and the needs of the final customer: from these assumptions comes Riri Group’s FW 23-24 collection. The newly released collection presents two dynamic paths to explore the needs of the market targeting self-expression through style: Extreme Outverse and Fluid Glamour.

EXTREME OUTVERSE: Accessories for accessing multidimensionality
Art, space travels and the metaverse experience provide the inspiration for transparent and glossy digital prints, laser markings, use of colored paints, use of jacquard ribbon and iridescent lurex, invisible button caps, PVD finishes (rainbow, matt black), reverse coated nylon zips.

Since 85 years, Riri Group is a point of reference for the creation of details of style providing fashion brands with accessories, including zippers, buttons, metal components, and fashion jewels. Fashion is necessarily a reflection of social changes, cultural turmoil, popular aspirations, and the needs of the final customer: from these assumptions comes Riri Group’s FW 23-24 collection. The newly released collection presents two dynamic paths to explore the needs of the market targeting self-expression through style: Extreme Outverse and Fluid Glamour.

EXTREME OUTVERSE: Accessories for accessing multidimensionality
Art, space travels and the metaverse experience provide the inspiration for transparent and glossy digital prints, laser markings, use of colored paints, use of jacquard ribbon and iridescent lurex, invisible button caps, PVD finishes (rainbow, matt black), reverse coated nylon zips.

FLUID GLAMOUR: Redefine infinitely (elegance) standard
Fluid Glamour expands the processes of representing the individual in an elegant interpretation of its complexity. This concept of fluidity and uniqueness meets the new frontier of the space tourism race and intergalactic style to create futuristic atmospheres and sculptural silhouettes: rhinestones and black stones developed by Amom, wool yarns, jacquard, and a variety of tapes – metallised genuine leather and eco-leather, GOTS-certified cotton and GRS-certified recycled polyester, knitwear, white with silver lurex – that reflect the space exploration and dark desert landscapes.

Source:

RIRI SA / Menabò Group srl

05.07.2022

Stahl: Reduction of Scope 3 upstream emissions by at least 25%

Stahl, a proponent of responsible chemistry, is submitting a greenhouse gas (GHG) emissions reduction target that is aligned with the most recent guidance provided by the Science Based Targets initiative (SBTi). The new target marks a key milestone on the company’s journey toward carbon neutrality.

Stahl’s SBTi submission includes a specific commitment regarding the company’s Scope 3 upstream emissions, which Stahl aims to reduce by at least 25% over the next 10 years, compared with the base year (2021). This reduction would primarily be achieved by Stahl replacing its fossil-based raw materials with lower-carbon alternatives. The target is a major step towards the objective of limiting global warming temperature increase to 1.5°C above pre-industrial levels by 2050, as agreed at the 2015 Paris Climate Accords.
 
Stahl’s extended commitment builds on the company’s existing targets to reduce its emission for Scopes 1 and 2, which were set shortly after the Paris Agreement in 2015. Stahl has since reduced its Scope 1 and 2 (direct) GHG emissions by more than 30%, thanks to operational efficiency gains and by decarbonizing its energy supply.

Stahl, a proponent of responsible chemistry, is submitting a greenhouse gas (GHG) emissions reduction target that is aligned with the most recent guidance provided by the Science Based Targets initiative (SBTi). The new target marks a key milestone on the company’s journey toward carbon neutrality.

Stahl’s SBTi submission includes a specific commitment regarding the company’s Scope 3 upstream emissions, which Stahl aims to reduce by at least 25% over the next 10 years, compared with the base year (2021). This reduction would primarily be achieved by Stahl replacing its fossil-based raw materials with lower-carbon alternatives. The target is a major step towards the objective of limiting global warming temperature increase to 1.5°C above pre-industrial levels by 2050, as agreed at the 2015 Paris Climate Accords.
 
Stahl’s extended commitment builds on the company’s existing targets to reduce its emission for Scopes 1 and 2, which were set shortly after the Paris Agreement in 2015. Stahl has since reduced its Scope 1 and 2 (direct) GHG emissions by more than 30%, thanks to operational efficiency gains and by decarbonizing its energy supply.

Scope 3 GHG emissions cover all the additional indirect emissions that can occur in the value chain, including those associated with purchased raw materials, packaging, business travel, and transportation. Stahl’s Scope 3 emissions currently represent over 90% of its carbon footprint.

Source:

Stahl Holdings B.V.

01.07.2022

Award for best master's thesis of the German Textile Mechanical Engineering 2022 goes to young engineer of ITA Aachen

The 2002 prize of the Walter Reiners Foundation of the VDMA Textile Machinery Association for the best Master's thesis in German textile mechanical engineering was awarded to a young engineer from the ITA Institut für Textiltechnik of RWTH Aachen University. The prize ceremony took place at Techtextil 2022 in Frankfurt am Main, Germany. Peter D. Dornier, Chairman of the Board of the Walter Reiners Foundation, presented the award at the VDMA Textile Machinery Association’s booth.

Felix Xaver Zerbes, M.Sc., was awarded the "Promotional Prize for the Best Master's Thesis of the German Textile Machinery Industry 2022", endowed with 3,500 EUR, for his master's thesis "Development and Construction of a Separation Unit for Weft Yarns in Air Jet Weaving".

The 2002 prize of the Walter Reiners Foundation of the VDMA Textile Machinery Association for the best Master's thesis in German textile mechanical engineering was awarded to a young engineer from the ITA Institut für Textiltechnik of RWTH Aachen University. The prize ceremony took place at Techtextil 2022 in Frankfurt am Main, Germany. Peter D. Dornier, Chairman of the Board of the Walter Reiners Foundation, presented the award at the VDMA Textile Machinery Association’s booth.

Felix Xaver Zerbes, M.Sc., was awarded the "Promotional Prize for the Best Master's Thesis of the German Textile Machinery Industry 2022", endowed with 3,500 EUR, for his master's thesis "Development and Construction of a Separation Unit for Weft Yarns in Air Jet Weaving".

The subject of the master's thesis was the development of a mechanism with which faulty sections in the weft yarn can be sorted out before they are woven into the textile. This way, both yarn-related weft defects and material defects can be drastically reduced. The prototype developed by Mr Zerbes shows how this can be done even during the ongoing weaving process without having to stop production. Due to its modular design, the yarn rejection unit can be retrofitted to many different types of air-jet weaving machines, which represents an enormous savings potential not only in Germany but in weaving mills all over the world.

Source:

ITA – Institut für Textiltechnik of RWTH Aachen University

30.06.2022

Milano Unica and C.L.A.S.S. join forces

C.L.A.S.S. will join forces with Milano Unica, 12-14 July, to push the change towards a new generation of fashion through its C.L.A.S.S. SMART SHOP: an online space offering eco-high-tech materials representing a range of categories able to create a new generation of fashion. It is dedicated to students, designers and new generation brands who want to explore and test premium materials mixing style, innovation and responsibility

The C.L.A.S.S. SMART SHOP partners exhibiting at Milano Unica are: ALBINI GROUP, ILUNA GROUP and ZIGNONE.

C.L.A.S.S. will join forces with Milano Unica, 12-14 July, to push the change towards a new generation of fashion through its C.L.A.S.S. SMART SHOP: an online space offering eco-high-tech materials representing a range of categories able to create a new generation of fashion. It is dedicated to students, designers and new generation brands who want to explore and test premium materials mixing style, innovation and responsibility

The C.L.A.S.S. SMART SHOP partners exhibiting at Milano Unica are: ALBINI GROUP, ILUNA GROUP and ZIGNONE.

Source:

C.L.A.S.S.

28.06.2022

EREMA Gruppe and Borealis: K 2022 preview

On June 13, EREMA Group and Borealis invited representatives of the international plastics and recycling trade press to Upper Austria for a sneak preview of the technological developments and lighthouse projects that the companies will present at K 2022, the plastics industry's international meeting place. The venue for the pre-K event was EREMA Group headquarters in Ansfelden.

On June 13, EREMA Group and Borealis invited representatives of the international plastics and recycling trade press to Upper Austria for a sneak preview of the technological developments and lighthouse projects that the companies will present at K 2022, the plastics industry's international meeting place. The venue for the pre-K event was EREMA Group headquarters in Ansfelden.

EREMA Group K 2022 preview
In Düsseldorf, the subsidiaries of the EREMA Group - which are EREMA, PURE LOOP, UMAC, 3S, KEYCYCLE and PLASMAC - will present their technological innovations, services and support together at a Group trade fair stand for the first time. Seven new recycling systems and components will be presented that enable large-scale plants with a production capacity of up to 6 t/h while setting a milestone in recyclate quality and process stability. This is made possible by technological innovations in the plasticizing unit that have been specially developed for high throughputs with low specific energy consumption, the new EREMA 406 laser filter with a 50 percent larger screening area, and new digital assistance systems that will be launched at K 2022 and made available on the BluPort® customer platform. These include, for example, the PredictOn app, which helps to anticipate and eliminate imminent malfunctions based on continuous measurement and evaluation of machine data.

New series of machines for new target groups
For customers looking for rapidly available recycling systems for simple applications, EREMA Group subsidiary UMAC has an innovation in store for K 2022. The company, which has so far specialised in refurbishing and trading in previously owned equipment, is expanding its business area and in Düsseldorf will launch READYMAC, a standardised, prefabricated recycling solution that can be produced from stock, based on proven EREMA TVE technology.

Finally, in the inhouse recycling segment, PURE LOOP and PLASMAC will round off the wide range of machines offered by the group of companies with their product portfolio.

Live recycling and lighthouse projects at the Circonomic Center
In the outdoor area of the K show, EREMA will bring plastics recycling to life with live demonstrations in conjunction with cooperation partners. Different waste streams are processed for this purpose. The wide variety of high-quality applications for recyclate will be showcased in the "products made of recyclate" exhibition, ranging from technical components to consumer goods and food packaging.

Borealis – accelerating the transition towards a more circular future
Borealis is committed to using their expertise and global reach to advance the circular economy of plastics. At the joint Pre-K 2022 kick-off on June 13, Borealis provided a preview of their integrated way of circular thinking and featured topics and activities at the K Fair 2022 in October. The preview covered new technologies and innovations including new packaging and infrastructure applications of the Bornewables™ portfolio of circular polyolefin products, manufactured with renewable feedstocks. New applications for Design for Recyclability, Re-Use, chemical recycling and advanced mechanical recycling were also on display.

Source:

EREMA Group GmbH

28.06.2022

Bemberg™ invests in the steel art of Daniele Basso

On the occasion of the 90th year since its birth, Bemberg™ invests in the artistic spirit of Daniele Basso to create a work of art able to convey the values that characterize its fiber from the "craftsmanship elegance" through an innovative language.

According to the creative and strategic vision of the Italian artist - known for the symbolic works in sustainable steel developed for major companies such as The Coca-Cola Company, Andrea Bocelli, Ferrari Rossocorsa and Mila Schon - sculptures can become a concrete expression of the entrepreneurial dream, of the culture and values of excellence that companies express in their own unique history and that they represent for the Community and the Territory that hosts them.

On the occasion of the 90th year since its birth, Bemberg™ invests in the artistic spirit of Daniele Basso to create a work of art able to convey the values that characterize its fiber from the "craftsmanship elegance" through an innovative language.

According to the creative and strategic vision of the Italian artist - known for the symbolic works in sustainable steel developed for major companies such as The Coca-Cola Company, Andrea Bocelli, Ferrari Rossocorsa and Mila Schon - sculptures can become a concrete expression of the entrepreneurial dream, of the culture and values of excellence that companies express in their own unique history and that they represent for the Community and the Territory that hosts them.

All of this is reflected in the work commissioned by Bemberg™, where the history of the Japanese brand takes concrete shape in a blue spiral, able to express both the company's adaptive nature to contemporary times through energy and proactivity, and its ability to build a new, harmonious visual identity. Moreover, the intertwining of the threads emphasizes the synergies and collaborations that lead Bemberg™ to constantly move towards new opportunities.

The piece will be donated to the mayor of Gallarate, where the headquarters of Asahi Kasei Fibers Italia currently reside.

More information:
Bemberg™ Asahi Kasei
Source:

C.L.A.S.S.

Photo: Filidea Technical Yarns
27.06.2022

Filidea Technical Yarns: New products and markets under the banner of sustainable evolution

  • New yarns for the contract furnishing world, for industrial sewing threads and the challenge of biodegradable polyester

At the product level, big impulse has been given to the range of industrial sewing threads for various uses, with new references both in the polyester + polyester compositions as well as in cotton + polyester. The industrial threads, marketed as raw material, allow the company to consolidate its position on some strategic markets, such as in Germany.

As a result of the partnership with Trevira® for the spinning of the flame-retardant Trevira®CS fibre, Filidea Technical Yarns reinforces its offer of non-dyed performant yarns aimed at the world of contract furnishings. The sector of hospitality, of furnishings for public and work spaces, fairs and areas for social-cultural gatherings will find a comprehensive answer to its demands in the Trevira®CS-based yarns: with regard to fireproof standards, versatility, resistance to wear and tear, excellent colour rendering, and last but not least, the component of fibre sustainability, an essential value for the design of spaces for collective use.

  • New yarns for the contract furnishing world, for industrial sewing threads and the challenge of biodegradable polyester

At the product level, big impulse has been given to the range of industrial sewing threads for various uses, with new references both in the polyester + polyester compositions as well as in cotton + polyester. The industrial threads, marketed as raw material, allow the company to consolidate its position on some strategic markets, such as in Germany.

As a result of the partnership with Trevira® for the spinning of the flame-retardant Trevira®CS fibre, Filidea Technical Yarns reinforces its offer of non-dyed performant yarns aimed at the world of contract furnishings. The sector of hospitality, of furnishings for public and work spaces, fairs and areas for social-cultural gatherings will find a comprehensive answer to its demands in the Trevira®CS-based yarns: with regard to fireproof standards, versatility, resistance to wear and tear, excellent colour rendering, and last but not least, the component of fibre sustainability, an essential value for the design of spaces for collective use.

Continuing in the development of sustainable production across the sector, the company has undertaken two important initiatives with other actors in the textile supply chain. Filidea participates in Trick, the European blockchain project – part of the European Horizon 2020 programme – involving 29 partners from six different nations to reinforce the circular economy thanks to the development of a digital platform which is complete, traceable and available to operators in the textile sector.

MagnoLab, the network of enterprises in the textile supply chain, and of which Filidea is one of the founding members, gives the impulse to constant R&D activities. MagnoLab was established in 2022 in order to develop tangible solutions for the sector, to create values and to collaborate with regard to current and future demands.

MagnoLab brings together textile companies which are active at various stages of and with complementary roles in the supply chain, and which work in synergy and share objectives, resourcefulness and long-sightedness, with the aim of developing innovation in a structured way. MagnoLab is also open to welcome new partners.

Source:

Filidea Technical Yarns

27.06.2022

ECOSENSOR™ by Asahi Kasei Advance SS 2023

The Japanese textile manufacturer ECOSENSOR™ by Asahi Kasei Advance presents its SS 2023 collection, made of high-tech fabrics implementing new-generation values, with the aim of keeping nature, body and mind in harmony.

ECOSENSOR™ presents 40 new references that meet the needs of the contemporary consumer, such as durability, wellbeing and performance. Being capable of combining active climate control, exquisite touch, lightness and comfort with sustainable values, ECOSENSOR™ stands out as a unique eco-high-tech performance proposition in its market. The collection covers the different market applications with 7 items for INNERWEAR, 2 for OUTERWEAR, 17 for SPORT KNIT and 14 for SPORT WOVEN.

Furthermore, all of ECOSENSOR™ fabrics are made with sustainable materials which are certified by internatinal certification such as GRS, RCS or self-certification by each yarn supplier, through a traceable and transparent production process and supply chain.
100% of the stretch articles (representing 35% of the collection) are made with ROICA™ EF by Asahi Kasei, the recycled stretch yarn made from pre-consumer materials.

The Japanese textile manufacturer ECOSENSOR™ by Asahi Kasei Advance presents its SS 2023 collection, made of high-tech fabrics implementing new-generation values, with the aim of keeping nature, body and mind in harmony.

ECOSENSOR™ presents 40 new references that meet the needs of the contemporary consumer, such as durability, wellbeing and performance. Being capable of combining active climate control, exquisite touch, lightness and comfort with sustainable values, ECOSENSOR™ stands out as a unique eco-high-tech performance proposition in its market. The collection covers the different market applications with 7 items for INNERWEAR, 2 for OUTERWEAR, 17 for SPORT KNIT and 14 for SPORT WOVEN.

Furthermore, all of ECOSENSOR™ fabrics are made with sustainable materials which are certified by internatinal certification such as GRS, RCS or self-certification by each yarn supplier, through a traceable and transparent production process and supply chain.
100% of the stretch articles (representing 35% of the collection) are made with ROICA™ EF by Asahi Kasei, the recycled stretch yarn made from pre-consumer materials.

The main fibers are GRS certified recycled polyester and recycled polyamide, but the collection also features some blends, such as in Bemberg™, the high-tech yarn born from the transformation of cotton linters through a circular, transparent and traceable process with a precious hand, optimal moisture management characteristics,  whose end of life guarantees its biodegradability.
Even the dyeing and finishing phases have been certified by international labels such as bluesign® or OEKO-TEX® Standard 100.

Source:

ECOSENSOR™ by Asahi Kasei / C.L.A.S.S.

(c) plasticpreneur
Shredder, injection moulding unit and extruder
22.06.2022

EREMA Group acquires stake in start-up company plasticpreneur®

As of 30 May 2022, EREMA Group GmbH acquired 19.8 percent of plasticpreneur® gmbh. plasticpreneur® is an Austrian start-up company founded two years ago that manufactures at its production site in Klagenfurt recycling solutions for plastic waste that are mobile and can be operated without prior knowledge. The machine portfolio covers the recycling process and the production of new end-products. Due to it´s wide range of applications, it is in demand both in the Global South and in industrialised countries.

In the two years since the company was founded, plasticpreneur® has already sold 330 machines to customers in over 70 countries on all continents. In addition, they have made over 750 application-specific moulds, many of them custom-built to comply with individual customer specifications.

As of 30 May 2022, EREMA Group GmbH acquired 19.8 percent of plasticpreneur® gmbh. plasticpreneur® is an Austrian start-up company founded two years ago that manufactures at its production site in Klagenfurt recycling solutions for plastic waste that are mobile and can be operated without prior knowledge. The machine portfolio covers the recycling process and the production of new end-products. Due to it´s wide range of applications, it is in demand both in the Global South and in industrialised countries.

In the two years since the company was founded, plasticpreneur® has already sold 330 machines to customers in over 70 countries on all continents. In addition, they have made over 750 application-specific moulds, many of them custom-built to comply with individual customer specifications.

While plastics recycling has gained enormous momentum in the industrialised countries, more remote and poorer regions of the world have hardly benefited from high-tech solutions for industrial recycling processes so far. They are held back by a lack of infrastructure and know-how. That is why waste is often incinerated or disposed of in landfills, rivers and the surrounding environment. "Our mission - Another life for plastic, because we care - is also aimed at supporting these regions with solutions for plastic recycling, and with plasticpreneur® we have found the ideal partner for this," says Manfred Hackl, CEO EREMA Group.

The start-up company's machines can process HDPE, PP, PS, LDPE, PLA, AB and TPU separately. Their product range includes a shredder, injection moulding unit, extruder unit for the production of end products, air filters as well as custom-built moulds. "For our machines to be used in regions with little infrastructure, they must be easy to operate without prior knowledge. The fact that we also develop end-product solutions needed locally makes our range of services particularly attractive here," explains Sören Lex, CEO and co-founder of plasticpreneur®. As soon as recycling also becomes a source of income for the operators, they become entrepreneurs. That explains the name of the start-up, a word created from "plastic" and "entrepreneur". plasticpreneur® customers in these countries include e.g. social enterprises and operators of refugee camps, where everyday consumer goods - from clothes pegs and school supplies to toys and fence posts - are produced and sold using plastic waste. This means that the added value stays local.

The demand for plasticpreneur® machines is also increasing in industrialised countries. On the one hand by educational institutions and organisations that use them to raise awareness of the need for a circular economy in workshops and to give pupils as well as adults a better understanding of plastic recycling. On the other hand by customers who are developing new end-products for plastic waste together with plasticpreneur®. Because the machines are so easy to operate they enable a low-theshold use of recycled plastics in product development processes, starting from generating prototypes to launchin small series production. Small companies, product designers and developers therefore are another steadily growing customer segment.

Source:

EREMA Group GmbH

(c) Trützschler Nonwovens
20.06.2022

Trützschler Nonwovens presents solutions for needle-punched nonwovens

Trützschler Nonwovens & Man-Made Fibers GmbH started a cooperation with the Italian textile machinery manufacturer Texnology S.r.l. in the field of needle-punching technology. With immediate effect, the companies will offer complete production lines for needle-punched nonwovens under the name of T-SUPREMA.

Web bonding with steel needles represent the largest production process in the drylaid nonwovens segment. The areas of application are predominantly of a technical nature, with the largest applications being durable geotextiles, automotive textiles and filter media. The high adaptability of the needling and finishing processes as well as the broad material base result in a large number of different end products. Needle-punching is suitable for a wide range of man-made and natural fibers including mineral and high-performance fibers.  

Trützschler Nonwovens contributes its many years of experience in fiber preparation and web forming to the cooperation. Texnology is mainly responsible for the needle-punching process. Joint projects can thus build on a broad application expertise.

Trützschler Nonwovens & Man-Made Fibers GmbH started a cooperation with the Italian textile machinery manufacturer Texnology S.r.l. in the field of needle-punching technology. With immediate effect, the companies will offer complete production lines for needle-punched nonwovens under the name of T-SUPREMA.

Web bonding with steel needles represent the largest production process in the drylaid nonwovens segment. The areas of application are predominantly of a technical nature, with the largest applications being durable geotextiles, automotive textiles and filter media. The high adaptability of the needling and finishing processes as well as the broad material base result in a large number of different end products. Needle-punching is suitable for a wide range of man-made and natural fibers including mineral and high-performance fibers.  

Trützschler Nonwovens contributes its many years of experience in fiber preparation and web forming to the cooperation. Texnology is mainly responsible for the needle-punching process. Joint projects can thus build on a broad application expertise.

A first joint project has already been successfully completed, implemented and put into operation.

Source:

Trützschler Nonwovens

20.06.2022

Reifenhäuser with solutions for films and nonwovens at K 2022

The Reifenhäuser Group will be represented with four booths at the world's leading trade fair for plastics processing, K 2022, from October 19 to 26. Under this year's Reifenhäuser motto "The Time is Now", the extrusion specialists will show producers of films and nonwovens solutions for the three major topics of the industry: sustainability, digitalization and productivity.

The main booth showcases the Reifenhäuser Blown Film, Cast Sheet Coating and Reicofil business units. With the help of machine exhibits, visual presentations and concrete solutions for end products, visitors will learn, among other things, how they can manufacture fully recyclable products economically, process recyclates safely, increase their output and network the entire production without becoming dependent on systems, specialists or manufacturers. To ensure smooth production even after purchase, Reifenhäuser Service shows how customers can get the best out of their Reifenhäuser products and increase their productivity with rework solutions, modifications, training programs and digital services.

The Reifenhäuser Group will be represented with four booths at the world's leading trade fair for plastics processing, K 2022, from October 19 to 26. Under this year's Reifenhäuser motto "The Time is Now", the extrusion specialists will show producers of films and nonwovens solutions for the three major topics of the industry: sustainability, digitalization and productivity.

The main booth showcases the Reifenhäuser Blown Film, Cast Sheet Coating and Reicofil business units. With the help of machine exhibits, visual presentations and concrete solutions for end products, visitors will learn, among other things, how they can manufacture fully recyclable products economically, process recyclates safely, increase their output and network the entire production without becoming dependent on systems, specialists or manufacturers. To ensure smooth production even after purchase, Reifenhäuser Service shows how customers can get the best out of their Reifenhäuser products and increase their productivity with rework solutions, modifications, training programs and digital services.

The component specialists of the Reifenhäuser Extrusion Systems business unit will additionally present their portfolio at two other exhibition booths. Here, everything revolves around screws, barrels and extruders - and why, especially for processing recycled material, high-performance wear protection is essential for reliability and high economic efficiency. Reifenhäuser Extrusion Systems will also showcase its innovations for flat dies and coextrusion blocks and their coordinated interaction for maximum productivity.

In addition to its own booths, Reifenhäuser will also be present as a partner of the R-Cycle initiative as part of a joint pavilion on the open-air site in the so-called Circular Economy Forum. R-Cycle is a cooperation project of various technology companies and organizations along the entire life cycle of plastic packaging.

Aanother highlight for visitors to the Reifenhäuser trade fair booths is the opportunity to additionally participate in the in-house exhibition on October 20, 21 and 24 at the Reifenhäuser Technology Center.

Source:

Reifenhäuser GmbH & Co. KG Maschinenfabrik

17.06.2022

"Lifting Tariffs Would Cement China’s Dominance of Global Manufacturing"

Textile Groups Urge U.S. to Maintain Penalty Tariffs on Finished Products

The Biden administration should maintain Section 301 penalty tariffs on finished textiles and apparel or risk reversing once-in-a-lifetime nearshoring trends and undermining critical investments and jobs in the U.S. and Western Hemisphere, three key American textile manufacturing groups said today.

In a formal submission to the U.S. Trade Representative’s (USTR) office, which is conducting a four-year statutory review of the tariffs, the associations expressed strong support for the continuation of penalty tariffs on imports from China and warned of the consequences associated with removing the tariffs.

“A key aspect of [the Biden administration’s trade] policy is the need to maintain Section 301 tariffs, absent substantive improvements in China’s pervasive, predatory trade practices,” the groups said. Lifting the tariffs “would also do nothing to achieve the administration’s goal of easing inflationary pressures, as apparel prices out of China continue to hit rock bottom even with the Section 301 tariffs,” they noted.

Textile Groups Urge U.S. to Maintain Penalty Tariffs on Finished Products

The Biden administration should maintain Section 301 penalty tariffs on finished textiles and apparel or risk reversing once-in-a-lifetime nearshoring trends and undermining critical investments and jobs in the U.S. and Western Hemisphere, three key American textile manufacturing groups said today.

In a formal submission to the U.S. Trade Representative’s (USTR) office, which is conducting a four-year statutory review of the tariffs, the associations expressed strong support for the continuation of penalty tariffs on imports from China and warned of the consequences associated with removing the tariffs.

“A key aspect of [the Biden administration’s trade] policy is the need to maintain Section 301 tariffs, absent substantive improvements in China’s pervasive, predatory trade practices,” the groups said. Lifting the tariffs “would also do nothing to achieve the administration’s goal of easing inflationary pressures, as apparel prices out of China continue to hit rock bottom even with the Section 301 tariffs,” they noted.

The submission was filed by the National Council of Textile Organizations (NCTO) and the Narrow Fabrics Institute (NFI) and Industrial Fabrics Institute (USIFI) – both divisions of the Advanced Textiles Association (ATA).  The associations represent the entirety of the U.S. textile production chain.

“For decades, China’s illegal actions have undermined virtually every domestic manufacturing sector and contributed to the direct loss of millions of U.S. jobs. These devastating state-sponsored practices include intellectual property theft as well as pervasive state-ownership of manufacturing, industrial subsidies, and abhorrent labor and human rights abuses in the Xinjiang region,” they noted. “Cancelling these tariffs would create further unhealthy dependence on Chinese supply chains and embolden future systematic trade abuses as bad actors know that the U.S. will not hold them accountable.”

The tariffs were imposed on China beginning in 2018 in response to China’s continuing IP and related trade violations. China has since failed to comply with an agreement it reached with the United States in 2020.

More information:
NCTO Tariffs China
Source:

NCTO

Alberto Paccanelli Photo: Euratex
Alberto Paccanelli
17.06.2022

Alberto Paccanelli re-elected as President of EURATEX

Italian textile entrepreneur, Alberto Paccanelli, has been re-elected as President of EURATEX during its General Assembly on 17 June; he will thus extend his mandate with 2 more years, until June 2024. Paccanelli is CEO of the Martinelli Ginetto Group, active in the high-end home textiles. He is also a Board member of Sistema Moda Italia and Confindustria Bergamo.

Italian textile entrepreneur, Alberto Paccanelli, has been re-elected as President of EURATEX during its General Assembly on 17 June; he will thus extend his mandate with 2 more years, until June 2024. Paccanelli is CEO of the Martinelli Ginetto Group, active in the high-end home textiles. He is also a Board member of Sistema Moda Italia and Confindustria Bergamo.

On the occasion of his re-election, Paccanelli presented his vision on the future of the European textiles industry: “With the adoption of the EU Textile Strategy on 30 March, the European Commission  has launched a very ambitious journey that will change the nature of our industry: more focus on sustainability and durability, more transparency within the supply chain, more communication with the consumer, but also a better level playing field for our European companies, and more investment in innovation, digitalisation and skills development. That is a very ambitious agenda, which needs to result in a more resilient European textile industry. The coming 2 years will be critical to translate that vision into specific legislation and concrete programmes. This requires a strong EURATEX, to actively contribute to that process. I am honoured to continue leading the organisation and fulfil this challenging task.”

EURATEX GA also elected 4 other members of the Presidency Team: Bodo Bölzle (Amann, Germany), Jean François Gribomont (Utexbel, Belgium), Grégory Marchant (UTT, France) and Ismail Kolunsag (Cross Tekstil, Turkey). During the Assembly, EURATEX also welcomed new memberships from Ukrlegprom (Ukraine) and Astrico (Romania), and a partnership with Inditex (Spain).

Source:

Eurtaex

15.06.2022

Autoneum updates its outlook for 2022 as a result of the Ukraine war

Due to the impact of the war in Ukraine on the automotive industry and vehicle production as well as of rising inflation, Autoneum is adjusting its corporate outlook for the 2022 financial year. The market recovery will be delayed by current developments.

Since the outbreak of war in Ukraine, new bottlenecks in global supply and logistics chains have been impacting vehicle manufacturer production volumes and thus slowing the revenue and earnings development of the automotive supply industry, especially in Europe. Current developments are accompanied by accelerated inflation and significant price increases on the commodities markets, which have been further exacerbated by the war. These are felt at Autoneum through rising material, energy and transport costs. With regard to the rising costs, automotive manufacturers and suppliers are now required to ensure a fair burden sharing as partners.

Due to the impact of the war in Ukraine on the automotive industry and vehicle production as well as of rising inflation, Autoneum is adjusting its corporate outlook for the 2022 financial year. The market recovery will be delayed by current developments.

Since the outbreak of war in Ukraine, new bottlenecks in global supply and logistics chains have been impacting vehicle manufacturer production volumes and thus slowing the revenue and earnings development of the automotive supply industry, especially in Europe. Current developments are accompanied by accelerated inflation and significant price increases on the commodities markets, which have been further exacerbated by the war. These are felt at Autoneum through rising material, energy and transport costs. With regard to the rising costs, automotive manufacturers and suppliers are now required to ensure a fair burden sharing as partners.

In addition, renewed coronavirus-related lockdowns in China are delaying growth in Asia. According to the revised market forecasts1), global automobile production is expected to reach 80.4 million units in 2022, which represents an increase of 4.1% compared to 2021. Growth will thus be significantly lower than was still expected in mid-February.

Autoneum will do its utmost to minimize the impact on the Group. Despite the present challenges, the strategy will continue to be consistently implemented with a focus on innovative and sustainable technologies for growing markets of the future.

Based on current developments and knowledge, Autoneum has updated the forecasts that it presented at the Media Conference, which had not yet included the impacts of the war as outlined above. Autoneum continues to expect revenue to develop in line with the market. For the first half of the year, the Company expects an EBIT margin at break-even level. On the basis of the ongoing collaborative discussions with customers to participate in the sharing of the sharply increased energy and material costs, Autoneum anticipates an improvement in the EBIT margin to 2.0 to 3.0% (previously: 4.0 to 5.0%) for the full year 2022. Free cash flow for 2022 is expected to be in the mid to high double-digit million range.

Autoneum is very well positioned for the transformation of the automotive industry towards e-mobility and sustainability. Our product portfolio is suitable for all drive types, whether internal combustion, hybrid or pure electric vehicles. The medium-term forecasts that Autoneum published in November 2021 remain unchanged positive. The timing of the market recovery will be delayed by current events and will also depend on further geopolitical developments.

Source:

Autoneum Management AG

(c) Messe Frankfurt (HK) Ltd.
14.06.2022

Intertextile Shanghai Home Textiles unveils three trend themes for 2023

This year, Intertextile Shanghai Home Textiles again joins forces with NellyRodi™, the renowned French agency for international forecasting, to present the design theme for 2023 – ‘ALIVE’ – together with three trends: HUMAN CAPITAL, ROUSING COMMITMENT and UNREAL REALITIES.

Nature is a keyword in HUMAN CAPITAL
This direction reflects how people want to reconnect with the environment by choosing a local approach, short supply chains, raw and natural materials, and traditional techniques. For instance, 100% plant-based materials, as well as metalised fringed jacquards and gold yarns are used to illustrate this concept.

Inspired by everyday basics and daily essentials, the trend uses a soft, luminous white palette mingled with muted and amber shades of vegetal dyes. Designs also incorporate figurative hand-drawings, archaic bestiary, stylised wildflowers and geometric patterns.

This year, Intertextile Shanghai Home Textiles again joins forces with NellyRodi™, the renowned French agency for international forecasting, to present the design theme for 2023 – ‘ALIVE’ – together with three trends: HUMAN CAPITAL, ROUSING COMMITMENT and UNREAL REALITIES.

Nature is a keyword in HUMAN CAPITAL
This direction reflects how people want to reconnect with the environment by choosing a local approach, short supply chains, raw and natural materials, and traditional techniques. For instance, 100% plant-based materials, as well as metalised fringed jacquards and gold yarns are used to illustrate this concept.

Inspired by everyday basics and daily essentials, the trend uses a soft, luminous white palette mingled with muted and amber shades of vegetal dyes. Designs also incorporate figurative hand-drawings, archaic bestiary, stylised wildflowers and geometric patterns.

ROUSING COMMITMENT celebrates creative self-expression
The trend combines a lively play of mix-matching patterns and colours. This embraces the integration of neutral shades through touches of metallic silver and fluorescent colours to represent the urban life.

Foamback and other fabrics influenced by sports materials, as well as extravagant jacquards, silicon embossing and bouclé fabrics draw out feel-good factor of the theme. Prints using modern twists on traditional patterns, lettering plays, exuberant florals and bold geometrics, also deliver the desire to live freely by sharing joy and happiness with others.

The fantasy of UNREAL REALITIES
In order to push the limits of imagination, science and technology, consumers tap into digital realms to connect with other realities, augmented worlds and futurist utopias that draw out the potential of today’s technology. Metalised rainbow colours highlight the magic and wonder under this virtual reality theme, while surrealistic photoprint shapes, misty landscapes, blurry effects and fantastical nature adds a futuristic touch.

The theme adopts iridescent gleam of semi-transparent voiles, muslins, recycled synthetics and added pearly or glazed aspects. Soft, light meshes, honeycombed or blistered surfaces and cloudy seersuckers elevate the textures in the fabrics.

The trends are decided by a committee led by the NellyRodi™ Agency (France) and formed by top forecasters including Mr Vincent Grégoire (France), the agency’s Consumer Trends and Insights Director; Mr Shen Lei (China), Founder and Chief of Interior Architects Design; and Ms Tracy Jen (Taiwan, China), the Host of ‘Eremito’; as well as Ms Sakina M’sa, the beloved French fashion designer and entrepreneur.

In order to integrate exhibitor and industry resources more effectively, the organisers of Intertextile Shanghai Home Textiles have announced that the Spring and Autumn editions will be merged this year. The two fairs will now be held concurrently from 15 – 17 August 2022 at the National Exhibition and Convention Center.

Source:

Messe Frankfurt (HK) Ltd.

14.06.2022

AkzoNobel updates Q2 outlook based on impact of China lockdowns

AkzoNobel has updated its Q2 outlook based on the impact of the evolving business environment, including the effect of China lockdowns and the slower start to the EMEA DIY season.

Overall demand signs for paints and coatings remain robust, with North America still constrained in raw material availability and logistics, but sequentially improving. In Europe in particular, macro-economic uncertainty related to consumer confidence has increased.

Consumer demand in the Deco DIY channels in Europe – which represent 40% of total Deco EMEA revenue – got off to a slow start in Q2, subsequently impacted by inventory reductions in the DIY channel. In June, Deco DIY channel demand improved back to 2019 levels. Despite share gains and our Deco Professional business performing as anticipated, the total Q2 operating income for our Decorative Paints segment is expected to be down by approximately €50 million versus expectations entering the second quarter.

AkzoNobel has updated its Q2 outlook based on the impact of the evolving business environment, including the effect of China lockdowns and the slower start to the EMEA DIY season.

Overall demand signs for paints and coatings remain robust, with North America still constrained in raw material availability and logistics, but sequentially improving. In Europe in particular, macro-economic uncertainty related to consumer confidence has increased.

Consumer demand in the Deco DIY channels in Europe – which represent 40% of total Deco EMEA revenue – got off to a slow start in Q2, subsequently impacted by inventory reductions in the DIY channel. In June, Deco DIY channel demand improved back to 2019 levels. Despite share gains and our Deco Professional business performing as anticipated, the total Q2 operating income for our Decorative Paints segment is expected to be down by approximately €50 million versus expectations entering the second quarter.

COVID-19 lockdowns in China during Q2 impact both paints and coatings. This impact was mainly on our coatings business, while paints was able to almost offset by progressing with its geographical expansion initiatives. The re-opening in June is showing a positive rebound, but not enough to catch up on all the missed revenue in the quarter, resulting in a negative operating income impact of approximately €40 million for the quarter, versus expectations entering Q2.

AkzoNobel continues to focus on achieving its €2 billion adjusted EBITDA target for 2023, despite the volatile market environment having a material impact on the company’s Q2 2022 financials.

More information:
AkzoNobel Coatings Covid-19
Source:

AkzoNobel

(c) INDA
14.06.2022

INDA promotes Tony Fragnito to President

The Board of Directors at INDA, Association of the Nonwoven Fabrics Industry, elevated Tony Fragnito from Chief Operating Officer of INDA to President of INDA effective May 31. Fragnito will assume the position currently held by Dave Rousse, who will become President Emeritus and provide support and assistance to Fragnito as needed until Rousse fully retires in January, 2023.

Fragnito joined INDA November 29, 2021 as Chief Operating Officer and has been leading INDA’s implementation of its new Strategic Plan, as well as updating INDA’s technology platform. This follows decades of leadership experience assisting trade and professional organizations in realizing their organizational and operational potential. A certified public accountant, Fragnito brings strong financial acumen in addition to extensive information technology, human resource and program management accomplishments from organizations representing a variety of professions and industries.  

The Board of Directors at INDA, Association of the Nonwoven Fabrics Industry, elevated Tony Fragnito from Chief Operating Officer of INDA to President of INDA effective May 31. Fragnito will assume the position currently held by Dave Rousse, who will become President Emeritus and provide support and assistance to Fragnito as needed until Rousse fully retires in January, 2023.

Fragnito joined INDA November 29, 2021 as Chief Operating Officer and has been leading INDA’s implementation of its new Strategic Plan, as well as updating INDA’s technology platform. This follows decades of leadership experience assisting trade and professional organizations in realizing their organizational and operational potential. A certified public accountant, Fragnito brings strong financial acumen in addition to extensive information technology, human resource and program management accomplishments from organizations representing a variety of professions and industries.  

More information:
INDA nonwovens
Source:

INDA

13.06.2022

ITM 2022: Bringing Textile Technology Leaders Together

ITM 2022, the first major international textile machinery exhibition to be held in the world after a 3-year hiatus during the pandemic process, is getting ready to open its doors. Bringing the leading brands of textile technologies together in Istanbul, ITM 2022 will host world launches and numerous collaborations for 5 days.

ITM 2022- International Textile Machinery Exhibition, organized in partnership with Teknik Fairs Inc. and Tüyap Tüm Fuarcılık Yapım Inc, will open its doors at Tüyap Fair and Congress Center between 14-18 June. For ITM 2022, which will be held in 12 halls on an area of 120,000 m2; hums of 1280 participating companies from more than 40 countries continues. Tüyap Fairground, where thousands of people sweat for stand setups, is getting ready for the big meeting. ITM 2022, where all halls have reached 100% occupancy rate and 1280 exhibitor companies are located, will also attract attention with the stand areas and machine parks that the manufacturers have enlarged compared to the previous exhibitions.

ITM 2022, the first major international textile machinery exhibition to be held in the world after a 3-year hiatus during the pandemic process, is getting ready to open its doors. Bringing the leading brands of textile technologies together in Istanbul, ITM 2022 will host world launches and numerous collaborations for 5 days.

ITM 2022- International Textile Machinery Exhibition, organized in partnership with Teknik Fairs Inc. and Tüyap Tüm Fuarcılık Yapım Inc, will open its doors at Tüyap Fair and Congress Center between 14-18 June. For ITM 2022, which will be held in 12 halls on an area of 120,000 m2; hums of 1280 participating companies from more than 40 countries continues. Tüyap Fairground, where thousands of people sweat for stand setups, is getting ready for the big meeting. ITM 2022, where all halls have reached 100% occupancy rate and 1280 exhibitor companies are located, will also attract attention with the stand areas and machine parks that the manufacturers have enlarged compared to the previous exhibitions.

Companies will showcase their state-of-the-art technologies for the first time at ITM 2022
Many companies that focus on product development and new productions under pandemic conditions will have the opportunity to introduce their products to their customers for the first time in 3 years at the ITM 2022 Exhibition. Company owners, managers, employees and sector representatives visiting the exhibition will have the opportunity to see the latest technological innovations for the first time and witness their world launches.

Sector representatives, who will open up new horizons in their minds about textile technologies, will sign new products by transforming the extraordinary and original ideas that they have obtained at the ITM 2022 Exhibition into design. Participating companies will also update their machines in line with the demands and needs from the sector representatives and lead the development of new technologies.

Significant Contribution to Exports Aimed with Machine Sales and New Investment Decisions
The textile industry, which is among the locomotive sectors in Turkey's exports, has made a significant contribution to the Turkish economy, especially with the performance increase it has achieved during the pandemic period. Having achieved an increase of up to 40 percent in its exports of textiles and raw materials, Turkey also managed to increase its exports of medical textiles, technical textiles and home textiles. The industry will further increase this success with the collaborations to be realized at ITM 2022. The textile machinery industry will gain great momentum with the machinery sales and new investment decisions to be made at the exhibition.

ITM 2022, which will be attended by many domestic and foreign companies and visited by thousands of people, will be an organization where both domestic and foreign companies will make sales amounting to millions of Euros and many business connections will be realized.

Intense Interest from Trade Delegations
Trade delegations from dozens of countries are requesting to attend the ITM 2022 Exhibition, which is included in the ‘Domestic Organizations Covered by State Incentives’ list by the Ministry of Commerce. Bangladesh, India, Iran, Serbia, Czech Republic, Pakistan, Indonesia, Ethiopia, Malaysia, Mexico, Egypt and Vietnam are among the countries that requested procurement delegations. The intense application of visitors to consulates and commercial attachés from all over the world clearly reveals that ITM 2020 will host a large number of visitors.

ITM 2022 Exhibition Prepares to Break Both Exhibitor and Visitor Records
Company owners, company representatives and visitors left the 2018 edition of the ITM Exhibition very satisfied. ITM 2018 Exhibition, attended by 1150 companies and company representatives from 64 countries and visited by approximately 60 thousand people from 94 countries made a significant contribution to the export records of the textile industry that year. At the ITM 2022; It is getting ready to break new records with the number of participants and visitors coming from Turkey and abroad.

Technical Textiles and Nonwovens Industry Will Meet at HIGHTEX 2022 Exhibition
On the other hand, HIGHTEX 2022 Exhibition, which will be held simultaneously with the ITM 2022 Exhibition, will be an exhibition where Nonwoven products, raw materials used in their production and the state-of-the-art technologies will be exhibited. HIGHTEX 2022 Exhibition, which is the first and only in its field in Turkey, will host a record number of participants and visitors in parallel with the increase in demand for technical textiles. At the HIGHTEX 2022 Exhibition, companies operating in many sectors, from medical textiles to hygienic textiles, from agricultural textiles to geotextiles, will exhibit their latest products and production technologies. Nonwoven manufacturers will come together with the global players of the sector and have the opportunity to both invest in technology and introduce their newest products.

More information:
ITM
Source:

ITM

(c) Officina39
08.06.2022

Offina39 attends Denimsandjeans India

  • Officina39’s Trustainable™ collection FW 23: key innovation highlights.
  • The Trustainable™ collection FW 23 presents SMART 03 and Aqualess Fade

Officina39 is attending the fourth edition of Denimsandjeans India in Bangalore (8-9 June 2022). As the show displays the GREENABLE (green and comfortable) aspects of denim, Officina39 did want to have missed the opportunity to show its latest technologies included in the Trustainable™collection FW23.

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

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

  • Officina39’s Trustainable™ collection FW 23: key innovation highlights.
  • The Trustainable™ collection FW 23 presents SMART 03 and Aqualess Fade

Officina39 is attending the fourth edition of Denimsandjeans India in Bangalore (8-9 June 2022). As the show displays the GREENABLE (green and comfortable) aspects of denim, Officina39 did want to have missed the opportunity to show its latest technologies included in the Trustainable™collection FW23.

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

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

The new collection also marks the debut of Aqualess Fade, a technology that recreates the bleaching effect of chlorine on fabrics, a waterless special compound for the discoloration of denim on indigo/black garments which reduces resource consumption and environmental impact.

This newest innovation completes and integrates Aqualess Mission, a combination of technologies that allows garment laundry processes to reduce 75% of the water use. Until now, the process included three eco-friendly technologies: Novascraper Indigo, a laser finishing technique that adds a natural, vintage look to denim garments; OZ-ONE Powder, an advanced product to give garments a bleached yet eco-friendly treatment, for a worn and distressed look; and Aqualess Aged, a waterless compound to give denim abrasion effects. Specifically, this last revolutionizing product has recently marked an important achievement which adds to the company’s sustainable credentials: Officina39 in fact stands out as the first and only player to receive, for its Aqualess Aged, the DeniSafe® certification of enzyme product(s) by Novozymes for safe production and safe use through dry application.

More information:
Officina+39 Officina39
Source:

Officina39

07.06.2022

SGL Carbon raises sales and earnings guidance for 2022

Based on the good business development in all four Business Units as well as the mostly successful passing on of increased costs for raw materials, energy and transport to customers, the Board of Management of SGL Carbon SE expects to exceed the given guidance for the fiscal year 2022. Accordingly, SGL Carbon SE is increasing its sales and earnings guidance for fiscal year 2022.

The Company expects to exceed the upper end of the stated range of its Group EBITDApre (earnings before interest, taxes and depreciation adjusted by non-recurring items and one-time effects) guidance for the fiscal year 2022 of EUR 110 - 130 million and is raising its EBITDApre guidance for 2022 to EUR 130 - 150 million. Correspondingly, EBITpre1 (earnings before interest and tax adjusted by non-recurring items and one-time effects) is now forecasted to be between EUR 70 - 90 million (previously: EUR 50 - 70 million). The sales guidance is also raised to around EUR 1.1 billion for the current fiscal year, originally expected to be at the level of the previous year (EUR 1,007.0 million).

Based on the good business development in all four Business Units as well as the mostly successful passing on of increased costs for raw materials, energy and transport to customers, the Board of Management of SGL Carbon SE expects to exceed the given guidance for the fiscal year 2022. Accordingly, SGL Carbon SE is increasing its sales and earnings guidance for fiscal year 2022.

The Company expects to exceed the upper end of the stated range of its Group EBITDApre (earnings before interest, taxes and depreciation adjusted by non-recurring items and one-time effects) guidance for the fiscal year 2022 of EUR 110 - 130 million and is raising its EBITDApre guidance for 2022 to EUR 130 - 150 million. Correspondingly, EBITpre1 (earnings before interest and tax adjusted by non-recurring items and one-time effects) is now forecasted to be between EUR 70 - 90 million (previously: EUR 50 - 70 million). The sales guidance is also raised to around EUR 1.1 billion for the current fiscal year, originally expected to be at the level of the previous year (EUR 1,007.0 million).

In line with the development of earnings, the forecast for return on capital employed (ROCE) of originally 5% - 7% is raised to 7% - 9%. The expectations for free cash flow remain unaffected by the forecast increase. Free cash flow is still expected to be significantly lower in 2022 than in the previous year (previous year: EUR 111.5 million).

The new forecast for fiscal 2022 has been drawn up on the basis of the prevailing market environment and assumes no deterioration in conditions, in particular due to the war in Ukraine and its consequences for the global economy. In particular, it is assumed that sufficient electricity and gas will be available and production lines will remain in operation. The communicated medium-term targets up to 2025 remain unaffected by the forecast adjustment.

SGL Carbon will publish its 2022 half-year figures as planned on August 4, 2022.

More information:
SGL Carbon SE
Source:

SGL CARBON SE