From the Sector

The Lenzing Group reported a significant year-on-year improvement in revenue and earnings in the first nine months of 2021 thanks to the largely positive market environment. Growing optimism in the textile and apparel industry and the recovery in retail led to a substantial increase in demand and prices on the global fiber market, particularly at the start of the current financial year.

Revenue rose by 32.9 percent to EUR 1.59 bn in the first nine months of 2021. This increase is attributable to a higher sales volume as well as higher viscose prices, which stood at more than RMB 15,000 in May thanks to significantly higher demand for fibers, especially in Asia. The focus on wood-based specialty fibers such as the TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ branded fibers also had a positive impact on the revenue trend; the share of specialty fibers in fiber revenue amounted to 72.4 percent in the reporting period. This more than offset the negative impact of less favorable currency effects.

The earnings performance essentially reflects the positive market trend and was additionally reinforced by efficiency-enhancement measures. Energy, raw material and logistics costs increased significantly during the entire reporting period. EBITDA (earnings before interest, tax, depreciation and amortization) more than doubled to EUR 297.6 mn in the first nine months of 2021 (compared to EUR 138.5 mn in the first nine months of 2020). The EBITDA margin rose from 11.6 percent to 18.7 percent. Net profit for the period amounted to EUR 113.4 mn (compared to a net loss of EUR minus 23.3 mn in the first nine months of 2020) and earnings per share to EUR 3.77 (compared to EUR minus 0.1 in the first three months of 2020).

Indorama Ventures Public Company Limited issued a THB 10 billion triple-tranche Sustainability-Linked Bond, showcasing the company’s long-standing commitment to sustainable growth. It is the largest SLB issued in Thailand and the first offered to both institutions and high-net-worth investors.

The bond is part of IVL’s financing strategy across a range of instruments linked to the company’s sustainability targets. It is aligned with internationally accepted standards including International Capital Markets Association’s (ICMA) Sustainability-Linked Bond Principles and the Loan Market Association’s (LMA) Sustainability Linked Loan Principles.

The SLB is linked to IVL’s performance of reducing GHG emissions intensity by 10% by 2025 (from a 2020 base), increasing recycling of PET bale input to 750,000 tons per year by 2025, and achieving 25% renewable electricity consumption in 2030.

The triple-tranche structure includes 5-, 7-, and 10.5-year tenors, offering coupons of 2.48%, 3.00% and 3.60% per year respectively, targeting asset managers, commercial banks, insurance companies, cooperatives and high-net-worth individuals. With the orderbook peaking at over THB 17.8 billion due to strong interest in the sustainability-linked instrument, oversubscription was around 3x over the planned issuance amount of THB 6 billion with a green shoe option of THB 4 billion. In view of the strong orderbook from the investors, the company decided to exercise the green shoe option and increased the issuance to THB 10 billion, setting a new benchmark as the largest SLB transaction in Thailand. IVL appointed Bangkok Bank, Kasikorn Bank, Krungthai Bank, Siam Commercial Bank, and The Hongkong and Shanghai Banking Corporation Limited, Bangkok Branch as arrangers and bookrunners for the transaction.

On 23 September 2021, the bond was assigned an AA- rating and a “stable” outlook by TRIS Rating following a strong recovery of petrochemicals and derivatives and IVL’s growing profitability.

Under the terms, all tranches must purchase Energy Attribute Certificates (EAC) or voluntary carbon offsets in the event of failure to meet the sustainability performance targets (SPT). The testing dates for tenors with a maturity of 5 and 7 years are 31 December 2025, and 31 December 2030 for the 10.5-year tenor. SPT performance will be independently verified upon the testing dates.Proceeds for the issuance will be used to finance IVL’s corporate working capital and refinance existing debt.

In recent years, IVL secured loans linked to improvements in the company’s sustainability performance as a global leader in environmental, social and governance (ESG) integration. These included Thailand’s first Green Loan of USD 200 million and EUR 200 million from Japan’s Mizuho Bank, Thailand’s first cross-border Sustainability-Linked Ninja Loan worth USD 225 million from 16 institutions in Japan and a Blue Loan of USD 300 million arranged by International Finance Corporation and funded by Asian Development Bank and DEG.

From 26/10/2021 til 29/10/2021 PFAFF INDUSTRIAL has participated at thw A + A fair in Düsseldorf/Germany - one of the few IN-PERSON-EVENTS in 2021. The A + A event is the leading International trade fair for safety, security and health at work. 1,204 exhibitors from 56 nations and more than 25,000 trade visitors travelled to Düsseldorf, Germany to attend the sector’s most relevant trade fair. PFAFF INDUSTRIAL showcased several industrial sewing- and welding solutions on a common booth with Duerkopp Adler.

PFAFF 1591:
Electronic postbed shoe machine with new programmable thread tension device. The machine is stepping motor driven - no tolerance of the stitch lengths at different speeds. Top-quality for all assembly and decorative seams are ensured.

PFAFF 3590:
CNC Large-area sewing unit (500 x 400 mm sewing area) for full-automatic topstitching of work shoe uppers. The machine guarantees accurate seam quality due to the intermittent feed (feed stop when needle enters material); shifting of the material in the work clamp is avoided and wear on the hook is reduced. The vertical hook system ensures excellent multi-directional sewing properties.

PFAFF 8303i:
Hot-air taping machine for welding continuous seams on water-resistant, waterproof and breathable materials. The fair machine has been shown with post from back which is predestinated for the show production.

PFAFF 8323:
Hot-air welding machine for welding of reflective strips on work, sports, protective and saftey wear with up to 70% time savings compared to conventional processing

PFAFF 8311 (005 001):
Ultrasonic welding machine with sonotrode (steel) and automatic welding force control.

PFAFF 8311 (105 001):
Ultrasonic welding machine as C&S DUAL version – Cutting and welding a second seam in ONE operation. New and key feature of this version - the cutting wheel can be switched on and off via the touch control panel.

• Themen Sicherheit und Gesundheit bei der Arbeit rücken weiter in den Fokus von Gesellschaft und Politik

Die A+A 2021 – internationale Leitmesse für Sicherheit und Gesundheit bei der Arbeit – ging nach vier Tagen am 29. Oktober erfolgreich zu Ende. Insgesamt kamen 1.204 Aussteller aus 56 Nationen und mehr als 25.000 Fachbesucher zur wichtigsten Branchenmesse nach Düsseldorf.
Mehr denn je steht die Gesundheit des Menschen im Mittelpunkt. „Der Mensch zählt“, so das Motto der A+A, erfährt zurzeit einen enormen Bedeutungszuwachs. Die Themen Pandemie und Hygiene spielten neben den aktuellen Entwicklungen rund um innovative Schutzausrüstungen eine zentrale Rolle auf der A+A 2021. Aber auch Megatrends wie Digitalisierung und Nachhaltigkeit gehörten zu den Schwerpunktthemen der diesjährigen Leitmesse.

Die Aussteller waren sehr zufrieden mit dem Verlauf der A+A 2021. 94% bestätigen jetzt bereits, dass sie zur A+A 2023 wieder vertreten sein werden. Mehr als 25.000 Fachbesucherinnen und Fachbesucher aus Deutschland und dem europäischen Ausland besuchten die internationale Fachmesse sowie den 37. Internationalen Kongress für Arbeitsschutz und Arbeitsmedizin. Sie informierten sich über die neuesten Trends in den Bereichen des Arbeitsschutzes, der betrieblichen Gesundheitsförderung und des Sicherheitsmanagements im Betrieb. Deutlich über 90% gaben an, dass sie ihre Messebesuchsziele erreicht haben und gaben eine sehr gute Gesamtbeurteilung ab.

„Dem Wunsch unserer Aussteller nach einer Plattform für den persönlichen Austausch und Produktpräsentationen, die alle Sinne ansprechen, sind wir sehr gerne nachgekommen. Wir sind mehr als zufrieden mit dem Ausgang der Messe und bedanken uns herzlich für das uns entgegengebrachte Vertrauen“, resümiert Erhard Wienkamp, Geschäftsführer der Messe Düsseldorf GmbH. „Wir freuen uns über den erfolgreichen Verlauf der A+A und das damit verbundene, positive Signal an alle Branchen, die bei unseren Messen am Standort Düsseldorf vertreten sind.“

Der A+A Kongress wurde von der Bundesarbeitsgemeinschaft für Sicherheit und Gesundheit bei der Arbeit (Basi) ausgerichtet und in diesem Jahr auch in Teilen ins Netz gestreamt. Dr. Christian Felten, Geschäftsführer der Basi, zeigte sich zufrieden mit dem Ergebnis des hybriden Kongressangebotes: „Wir sind froh, dass wir unsere Gäste und Referierenden bei einem Präsenzkongress begrüßen konnten, der seinen Namen verdiente: Eine vierstellige Zahl von Teilnehmenden (rund 1.500) erlebte beim 37. A+A Kongress eine Vielzahl qualitativ hochwertiger Beiträge und tauschte sich endlich wieder vor Ort aus. Im Rahmen der aktuellen Pandemie-Bedingungen haben wir uns auf wesentliche Themen konzentriert. Wichtig waren klassische Bereiche wie die Belastung durch krebserzeugende Gefahrstoffe oder Muskel-Skelett-Erkrankungen, die durch die Arbeit bedingt sind. Im Zentrum des Publikumsinteresses standen aber ebenso Themen wie das sichere und gesunde Arbeiten in internationalen Lieferketten, New Work, mobiles Arbeiten und Probleme durch die Digitalisierung am Arbeitsplatz.“ Dazu zählen nach Worten von Dr. Felten etwa psychische Belastungen im Homeoffice. In diesem Zusammenhang wurden im Kongress hilfreiche Lösungen präsentiert. Dank der digitalen Möglichkeiten konnten erstmal Referierende aus aller Welt zugeschaltet werden. Sie stellten ihre wissenschaftlichen Beiträge zum Thema Arbeitsschutz via Bildschirm in Düsseldorf vor und diskutierten diese mit den Anwesenden.

A+A zeigte Trends der Zukunft
Von der Innovationsfähigkeit der anwesenden Aussteller und deren Lösungen für die Zukunft konnten sich die Fachbesucher unter anderem in der Start-Up Zone überzeugen. Ob Gesundheits-App, innovative Dienstleistungen oder Hightech-Textilien und Wearables: Die Start-ups auf der A+A 2021 bereicherten das Angebot der Leitmesse durch neue Ideen. Wie die Zukunft der Arbeit und der Prävention mittels Exoskeletten aussehen wird, vermittelten zahlreiche Aussteller sowie das Fraunhofer IPA in und um den Robotics Park. An den Mitmach-Stationen konnten die Fachbesucher die unterstützende Funktion der Exoskelette in verschiedensten Arbeitssituationen hautnah erleben. Dazu gehörten rückenbelastende Arbeitsprozesse aus der Logistik, Montagetätigkeiten in Überkopfpositionen und Arbeitsabläufe aus dem Schweißer-Beruf in Zwangspositionen. Zudem fand mit dem Exoworkathlon eine Live-Studie während der A+A 2021 statt, bei der wissenschaftlich untersucht wurde, inwieweit Exoskelette die Muskel- und Skelettbelastungen verringern und die Leistungsfähigkeit erhöhen.

Die nächste A+A findet vom 24. bis 27. Oktober 2023 statt.

• Gestörte Lieferketten und sinkende Margen bremsen das Wachstum  

Nach zaghafter Erholung im Sommer befindet sich die deutsche Maschenindustrie weiter im Aufwärtstrend.  Doch Probleme in der internationalen Logistik und stark gestiegene Rohstoffpreise behindern das Wachstum. „Lieferengpässe und hohe Beschaffungskosten gefährden den Aufschwung. Dazu kommt eine regelrechte Kostenlawine bei den Energiepreisen“, sagt Martina Bandte, Präsidentin von Gesamtmasche. „Dabei haben wir die Belastungen durch den Lockdown noch längst nicht aufgeholt.“

Angesichts der Erholung von Umsätzen und Auftragseingängen bleibt der Geschäftsklimaindex der Maschenindustrie zum 4. Quartal mit 14,54 Indexpunkten weiter im positiven Bereich (Indexwert zum 3. Quartal: 16,93). Vor allem aus dem Ausland erwartet die Branche in den kommenden Monaten Impulse. Allerdings klagen die meisten Hersteller über schrumpfende Margen. Über 13 Prozent der Befragten wollen daher, trotz guter Auftragslage, Personal abbauen.
 
Verbandspräsidentin Martina Bandte warnte vor einem Abwürgen der Wirtschaft durch weitere Kostenbelastungen: „Das Wachstum flacht bereits wieder ab, denn die Produktionskosten am Standort und verteuerte Auslandsbeschaffung erodieren die Margen. Nicht nur die international verschobenen Kräfteverhältnisse stellen uns vor immense Herausforderungen. Die neue Regierungskoalition steht vor einem riesigen Reformstau. Der lässt sich nur mit einer wachstumsfreundlichen Politik anpacken. Dazu muss Deutschland aufhören, mit nationalen Maßnahmen globale Fragen lösen zu wollen.“

Tim Wellbrock wird zum 1. November 2021 neuer Pressesprecher und Leiter der Hochschulkommunikation an der Hochschule Niederrhein. Er folgt damit auf Dr. Christian Sonntag, der nach elf Jahren die Hochschule Niederrhein verlässt.

Wellbrock war seit 2018 persönlicher Referent des Präsidenten, davor mehrere Jahre stellvertretender Pressesprecher an der Hochschule. Seine journalistische Ausbildung erwarb der 42-Jährige beim Sport-Informations-Dienst, Deutschlands größter Sportnachrichtenagentur.

Due to the significantly reduced market expectations for global light vehicle production, Autoneum lowers its revenue and earnings forecast for the full year 2021. This results from bottlenecks in the supply chain of vehicle manufacturers, in particular the ongoing shortage of semiconductors.

Although demand from end customers continues to be high in all regions, global light vehicle production in the second half of 2021 is expected to be around 10% lower than in the first half-year due to bottlenecks in the supply chain of vehicle manufacturers, mainly with regard to semiconductors.

Due to market developments, revenue in the second half-year 2021 is now anticipated to be correspondingly lower than in the first semester.

As a result of the lower revenue development in the second half of the year, an EBIT margin of 2-3% (previously: 4-5%) is now expected for the full year 2021. Free cash flow is estimated to be in the range of CHF 60 to 70 million.

After its launch on 20 September 2020, the RCI is proud to celebrate its first anniversary this fall. The balance sheet of the first year is impressive: starting from 11 founding members, that number increased to 30 member companies within 12 months. Numerous webinars, press releases, background information, a glossary and a comic allowed to convey the “Renewable Carbon” concept to the public. The RCI is actively working on labelling and policy analysis, and more activities will follow in the next year.

Key for this success: the topic of renewable carbon in chemicals and materials is increasingly becoming a focus of politics and industry. Larger companies will have to report their GHG emissions and also the footprint of their products as part of legislative changes surrounding the European Green Deal. In this context, indirect emissions and the carbon sources of materials will play a much more crucial role. The RCI is actively working on solutions for companies to shift from fossil to renewable carbon, which consists of the use of bio-based feedstock, CO2-based resources and recycling. In the future, reporting on GHG emissions will also include Scope 3 emissions, which are all indirect emissions that occur along the company’s value and supply chain and where the used raw materials account for a large proportion of the footprint. Here is where the carbon source of chemicals and plastics comes into play as an important contributor to the carbon footprint. Without a shift from fossil to renewable carbon feedstocks (combining bio-based, CO2-based and recycled), a sustainable future and the Paris climate targets will be almost impossible to master.

To discuss, promote and realise the shift, 30 innovative companies have already joined forces to support the transition to renewable carbon, considering both technological and economical approaches – and helping to shape the political framework accordingly.

For the second year, RCI plans to focus on a comprehensive understanding of the expected political framework conditions in Europe and across the globe, since they will determine the future of chemistry and materials more than ever. Building on this knowledge, the topic of renewable carbon could then to be systematically integrated into new political directives, which has so far not been effectively managed.

In reality, the political focus lies on the strategy of decarbonising the energy sector, a very central and Herculean task. However, it cannot be applied to the chemical and material world because carbon is usually the central building block that cannot be dispensed with. On the contrary, the demand for carbon in the chemical and materials sectors is expected to more than double by 2050. In order to meet this demand in a sustainable manner, we must move towards quitting fossil carbon. For the first time in industrial history, it is possible to decouple chemistry and materials from petrochemicals and completely cover the demand through the utilisation of biomass, CO2 and recycling.

• IVL is celebrating a decade of PET recycling and carbon reduction milestones
• Over 10 years, IVL has achieved a 100x increase in recycled PET

Indorama Ventures Public Company Limited (IVL), a world-class sustainable chemical company, launches its 10th annual Sustainability Report and a video celebrating a decade of ambitious PET recycling and carbon reduction milestones. The company is committed to intensifying its drive towards ending plastic waste and a more circular economy in the decade ahead.

Since its first Sustainability Report in 2011, IVL has grown its sustainability initiatives through the 3Ps – People, Planet and Prosperity. From the baseline in 2013, the company achieved a 10% reduction in GHG intensity, 4% in energy intensity and 7% in water intensity. It also increased total waste diverted from landfill from 48% to 84% in 2020. Moreover, IVL’s global PET recycling capacity has improved almost 100 times from 3,576 tons per year in 2011 – the first entry of IVL to the PET recycling business – to more than 330,000 tons per year in the second quarter of 2021.

Celebrating 10 years of sustainability reporting
Throughout the decade, IVL has voluntarily adopted international standards for its sustainability reports to drive benefits for the environment, society and economy. The effort resulted in recognition by world-class sustainability ratings agencies such as the Dow Jones Sustainability Indices (DJSI) and the Morgan Stanley Capital International (MSCI).

Recent Sustainability Reports have featured business cases and special situations such as COVID-19. In 2016, IVL was the first Thailand-based company to introduce an additional, shorter version of the report called the Sustainability Report Executive Summary. This year, IVL has made further improvements with an interactive approach, including links to videos and shortcuts to highlighted articles. As a global company operating in 33 countries, the report is available in 15 languages.

On track to recycle 50 billion bottles per year by 2025
In 2020 IVL recycled 10.1 billion PET bottles and is on track to recycle 50 billion bottles per year by 2025. The company’s global reach and leadership position as the world’s largest PET and recycled PET resin producer allow IVL to leverage a closed-loop system. In 2020 IVL invested in three additional recycling facilities and recently acquired CarbonLite’s recycling assets in Texas.

It looks like a normal shirt, but it has it all: The new SmartTex shirt uses integrated sensors to transfer physiological data from astronauts to Earth via a wireless communication network. In this way, the effects of the space environment on the human cardiovascular system will be evaluated and documented, especially with regard to long-term manned space missions. Developed by the German Aerospace Center (DLR) in cooperation with DSI Aerospace Technology, the Medical Faculty of Bielefeld University and textile research partner Hohenstein, SmartTex will be tested for the first time as part of the Wireless Compose-2 (WICO2) project by German ESA astronaut Dr. Matthias Maurer, who will leave for his ‘Cosmic Kiss’ mission on the International Space Station (ISS) for six months on October 30, 2021.

"We were already able to gain valuable insights into the interaction of the body, clothing and climate under microgravity conditions during the previous projects Spacetex (2014) and Spacetex2 (2018)," explains Hohenstein Senior Scientific Expert Dr. Jan Beringer. The insights provided at the time by the mission of ESA astronaut Dr. Alexander Gerst have now been directly incorporated into the development of the new SmartTex shirt at Hohenstein. "Matthias Maurer can wear his tailor-made shirt comfortably on his body during his everyday work on the International Space Station. For this, we used his body measurements as the basis for our cut development and the production of the shirt. We integrated the necessary sensors as well as data processing and communication modules into the shirt's cut in such a way that they interfere as little as possible and are always positioned in the right place, regardless of the wearing situation. This is the prerequisite for reliably measuring the relevant physiological data." The SmartTex shirt is intended to provide a continuous picture of the vital functions of astronauts. This will be particularly relevant for future long-term manned space missions to the Moon and Mars.

For example, during the BEAT experiment (Ballistocardiography for Extraterrestrial Applications and long-Term missions), Matthias Maurer will be the first astronaut to wear a T-shirt equipped with sensors that measure his ballistocardiographic data such as pulse and relative blood pressure. For this purpose, the sensors were calibrated in the :envihab research facility at the DLR Institute of Aerospace Medicine in Cologne. Details on the contraction rate and opening and closing times of the heart valves, which are normally only accessible via sonography or computer tomography, can also be read from the data material. The goal is to study the effects of the space environment on the human cardiovascular system. To be able to analyse these effects realistically, Matthias Maurer's ballistocardiographic data will be recorded before, during and after his stay on the ISS. For the future, a technology transfer of the SmartTex shirt for application in the field of fitness or even in telemedicine is conceivable.

Wireless Compose-2 (WICO2)
The project was planned and prepared by the German Aerospace Center (DLR) and its cooperation partners DSI Aerospace Technology, Hohenstein and the University of Bielefeld. The wireless communication network reads sensor data and can determine the position of people and objects in space by propagation times of radio pulses. It is also available as a platform for several experiments on the ISS. The determined data is temporarily stored within the network and read out at regular intervals by the astronauts. These data packets are then transferred to Earth via the ISS link and analysed by the research teams. It can generate its own energy from artificial light sources via solar cells.

ESA astronaut Dr. Matthias Maurer in summer 2021 during preliminary talks on the Cosmic Kiss mission in DLR's :envihab in Cologne. © DLR

Sensors measure physiological data during a test run on Earth. © DLR

With the "SmartTex" shirt, astronauts can wear the necessary sensors comfortably on their bodies. © DLR

Dr. Jan Beringer, Hohenstein Senior Scientific Expert. © Hohenstein