From the Sector

The Dibella sales team is growing. Since May 1st 2023, Marvin Groß-Hardt has been supporting the company's national and international customers.

Dibella welcomes Marvin Groß-Hardt, an experienced sales employee, to the team. The trained wholesale and foreign trade merchant and graduate in business administration brings many years of experience in supporting and advising customers. He is also familiar with the special features of contract textiles due to a previous position in product and sales management for hotel beds and bedding.

At Dibella, the 30-year-old from Bocholt is responsible for looking after existing customers and building up new customer relationships at home and abroad, and will establish new contacts.

B.I.G. Yarns unveils its new “SustainableYarns” platform, with Clerkenwell Design Week visitors the first to be invited to get on board and focus on what matters most for the design and manufacture of sustainable soft floorings.

The expert in polyamide (PA) 1 step 3 ply yarns offers a range of options for manufacturers to introduce sustainable yarns into carpet solutions and reach sustainability targets faster and more efficiently.

The Sustainable Yarns range creates opportunities to design with recycled content yarn (EqoCycle), to work with renewable resources (EqoBalance), and, following the launch of new polyamide 6 (PA6) EqoYarn at Clerkenwell Design Week, to also leverage the low-impact value chain.

New addition EqoYarn is a new low-impact PA6 carpet yarn based on the most recent innovations in polymer production, which enable yarn manufacturers to lower their carbon footprint by nearly 50% and give carpet manufacturers more options to reduce their impact.

For its EqoYarn Bulk Continuous Filament (BCF) production process, B.I.G. Yarns has selected the few best-in-class partners that have made major steps forward in terms of sustainability, and reduced their greenhouse gas emissions thanks to continuous investments in process efficiency, green energy, heat optimization and waste reduction. The result is EqoYarn with a carbon footprint of 4 kg CO2 eq/kg yarns, which is a CO2 reduction of up to 50% compared to conventional PA yarns.

EqoBalance PA6 yarns enable customers to reach an even higher CO2 reduction of up to 75%. Manufactured with polymers made from renewable resources such as organic waste from cooking oil instead of virgin or fossil feedstock, these yarns have a carbon footprint of 1.98 kg CO2 eq./ kg yarns. They help carpet manufacturers to create products with an extremely low carbon footprint.

EqoCycle PA6 yarns are fully recyclable and incorporate 75% recycled content originating from recycled and regenerated PA6 granules. With a carbon footprint of 4.64 kg CO2 eq./ kg yarns, they deliver the same high-quality performance of virgin PA6 yarn with the benefit of 37% CO2 reduction. EqoCycle yarns offer carpet manufacturers a sustainable alternative to help reduce the ecological footprint of their products and move towards a circular economy without jeopardizing the end-product quality.

In addition to the different CO2-reducing options, B.I.G. Yarns’ customers can access an unlimited colour range to elevate their designs. Its BCF technology for polyamide yarns, twisted and heat-set yarns, one-colour to multi-colour, between 650 and 15000 dTex, along with its colour studio, are available to support their creation of customised collections.

adidas announced it will begin selling some of the remaining inventory of adidas YEEZY products, with an initial release end of May 2023. A significant amount will be donated to selected organizations working to combat discrimination and hate, including racism and antisemitism. These include but are not limited to the Anti-Defamation League (ADL) and the Philonise & Keeta Floyd Institute for Social Change.  

The release will mark the first time that products have been available to consumers since adidas terminated the YEEZY partnership in October 2022. The products will be existing designs and designs initiated in 2022 for sale in 2023.  Additional releases of existing inventory are currently under consideration, but timing is yet to be determined. Today’s announcement has no immediate impact on the company’s current financial guidance for 2023.

Since terminating the YEEZY partnership in October, adidas has been exploring multiple scenarios for the potential use of the existing YEEZY inventory. The process involved seeking feedback and listening to a diverse group of employees, organizations, communities, and consumers for how to responsibly manage the existing product. The company went ahead with already committed production orders after the partnership was terminated. This was done to help protect its supply chain partners from being negatively affected by cancellations.

Carbios has been selected among the 22,000 start-ups in the French Tech ecosystem to represent French innovation at the 6th “Choose France” Summit.  “Choose France” is an international business summit dedicated to the attractiveness of France launched at the initiative of Emmanuel Macron, the President of the Republic. Only ten companies, including Carbios, have been chosen to exhibit their technologies at the Château de Versailles.  On this occasion, Carbios announces that it has joined the Coq Vert community launched by Bpifrance in partnership with ADEME^[1] and the Ministry of Ecological Transition, to connect with other environmentally committed business leaders and advance its international deployment.

“With INRAE^[2], we chose to highlight Carbios at the Choose France summit as a symbol of French economic dynamism,” comments Philippe Gassmann, Secretary General Choose France 2023 (French Treasury). ” With its innovative “Made in France” biotechnologies that bring plastic into the circular economy, Carbios illustrates the wealth of  innovation within the French cleantech ecosystem.  I thank Carbios for its ambassadorship for this ecosystem to the 200 foreign guests attending the 6th Choose France Summit with the theme: Investing for a sustainable future.”

“Carbios is honored to have been selected by the Elysée Palace for Choose France.  This international summit provides an opportunity for meetings between the President of the Republic, members of the Government and the leaders of major foreign and French companies to discuss France’s economic ambitions and attractiveness,” commented Emmanuel Ladent, Chief Executive Officer of Carbios. “Carbios is in the midst of a major industrial rollout, with a first plant planned in the Grand Est region, and the international commercial deployment of our processes.  We are very grateful for the French Government’s support at this strategic time for the company.”
(Emmanuel Ladent, CEO, and Alain Marty, Chief Scientific Officer, representing Carbios at Choose France)

The Coq Vert community
Launched by Bpifrance, in partnership with ADEME and the Ministry of Ecological Transition, this community brings together 2,000 members who are players in sustainable development and are convinced of the need to act for energy and ecological transition.

^[1] ADEME = The French Agency for Ecological Transition
^[2] INRAE = France’s National Research Institute for Agriculture, Food and Environment

Manfred Hackl, CEO of EREMA Group GmbH, was recently awarded the accolade Plastics Recycling Ambassador of the Year at the Plastics Recycling Show Europe. The award is given in honour of personalities who are particularly committed to plastics recycling.
 
Manfred Hackl has been with EREMA since 1995 and, prior to joining the management team, was responsible for the product development and market launch of VACUREMA technology that closed the loop in the bottle-to-bottle segment efficiently and cost effectively. In his current role as CEO of the EREMA Group and in various roles in well-known national and international associations he promotes plastics recycling and circular economy across the industry, regionally and throughout Europe - especially at EU level - encouraging everybody in the industry to work together.

"I dedicate the Recycling Ambassador of the Year award to the employees at the EREMA Group. This year we are celebrating our 40th anniversary, and this award, just like the many we have received for our technologies over the years, shows that we can be very proud of what we have accomplished and achieved together during this time," says Manfred Hackl, delighted with the award. In the past business year 2022/23 alone, the extruders supplied by the companies within the EREMA Group deliver an additional 1.6 million tonnes of recycling capacity.

Fibre Extrusion Technology Ltd (FET) of Leeds, UK has strengthened its technical team with the appointment of Dr Jonny Hunter as Research & Development Manager. Hunter brings a wealth of academic credentials to the department, including a Master’s in Medicinal and Biological Chemistry and a PhD in Sustainable Chemistry. This academic background is complemented by over 10 years’ R&D experience in industry, including FMCG and, in particular, medical devices, which encompasses wound care, the medical device manufacturing process and regulatory environment.

FET designs, develops and manufactures extrusion equipment for a wide range of high value textile material applications, so the above research and industrial sectors have great relevance to the company’s focus on the international stage. A significant market for FET’s meltspinning equipment is medical devices, so in-house expertise in this area is a vital commodity. FET is also at the forefront of innovation to promote and develop sustainable fibres, so technical knowhow in sustainability is also essential. In this, Jonny Hunter has considerable experience and has in the past lead a number of innovation projects in sustainable chemistry and management.

This fresh input of knowledge and experience will benefit FET’s customers in their own drive for sustainable innovation in fibre technology. Mark Smith, the previous R&D Manager, is taking a short sabbatical and will be returning in a more strategic role as FET’s Director of Technology, so his continued presence will further contribute to FET’s breadth of technical expertise.

FET has also expanded in a number of other departments to reflect the rapid growth in sales over recent years. Mike Urey is the new Sales Engineer, bringing a wide industrial experience and strengthening all aspects of business development. Three new mechanical and electronic engineers and a new appointment in the design department all combine to take the company forward and sustain growth.

Klaus Steger (64), CEO of ERWO Holding AG (“ERWO Holding”) and Hoftex Group AG (“Hoftex Group”), will step down from the Management Board of both companies at the beginning of 2024 in accordance with internal policies of the family and the company regarding the retirement age. Already on June 30, 2023, ERWO Holding Management Board member Hans-Georg von Schuh will retire as planned. ERWO Holding Management Board member Manfred Heinrich will also leave the Board as planned at this time and will continue to hold his mandate as one of the managing directors in the Südwolle Group together with Stéphane Thouvay and Johannes Rauch.

Steger’s designated successor as CEO of both companies is Manuela Spörl (50), currently CFO of ERWO Holding and also CFO of Hoftex Group. Hoftex Group is a group of medium-sized companies in the textile industry, in which ERWO Holding holds a significant stake. In addition, ERWO Holding acts as the parent company of the Südwolle Group, in which the Group’s worsted yarn activities are bundled.

Spörl has a degree in business administration and has been working for Hoftex Group since 2000. Her professional career began in the Corporate Controlling department, and in 2012 she was appointed as an advisor to the Board of Management. She was granted power of attorney in 2015, followed by appointments as CFO of the Hoftex Group in 2020 and CFO of the ERWO Group in 2022. A search for a successor for Spörl in the position of CFO of the Hoftex Group and, subsequently, of ERWO Holding is currently underway. Until the new CFO takes office, the two members of the Management Board, together with the Supervisory Board, will ensure an orderly transition.

The announced change in the Management Board of ERWO Holding, which acts as the parent company of the Südwolle Group, also ensures continuity at the leading manufacturer of worsted yarns for weaving, circular and flat knitting products in pure wool and wool blends. In the future, the management of Südwolle Group will continue to consist of the longstanding members Manfred Heinrich (Technology, Production & Planning), Johannes Rauch (Finance & Controlling) and Stéphane Thouvay (Sales & Marketing and Product Management & Innovation). Together with the designated board member of the parent company ERWO Holding, they will continue the successful development of the Südwolle Group from a mere supplier to a strategic partner of its customers as well as the growth trend of recent years.

The founding family Steger remains involved in the various supervisory bodies of the group of companies and will continue to work closely with them as the sole shareholder of ERWO Holding.

Performance sportswear brand FIRE+ICE by BOGNER announces an exclusive collaboration with the multi-sport athlete, Ester Ledecka. This 28-year-old made history during the 2018 Pyeongchang Winter Games as the first athlete to win Olympic gold medals in two distinct sports in the same year. Ester has followed her career with winning 24 World Cup races in skiing and snowboarding combined and defending her Olympic gold in snowboarding in 2022.

Ester's athletic spirit runs in the family, with her grandfather being an ice hockey world champion and Olympian. The Czech-born athlete took up skiing at the age of two and added snowboarding to her repertoire just three years later. On top of her performance on snow, she embraces her passion for windsurfing during the summer months.

Her personality and drive for success perfectly align with FIRE+ICE's commitment to outstanding performance, innovation, and adventure. This stylish collaboration blends high-performance Olympic sport with trendy urban performance wear.

"FIRE+ICE by BOGNER is my go-to outfitter for every occasion. In winter, I'm well protected from wind, cold and wet, and in warmer seasons, I'm fashionably and functionally geared up for surfing. The brand ideally reflects my lifestyle, and I'm excited about the upcoming joint projects", says Ester.

• 1Q23 Performance Summary
• Revenue of US$4B, an increase of 3% QoQ and a decline of 9% YoY
• Reported EBITDA of US$301M, an increase of 269% QoQ and decrease of 62% YOY
• Operating cash flows of US$201M
• Net Operating Debt to Equity of 1.00x
• Reported EPS of THB 0.14

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, reported improved quarterly earnings as headwinds continue to ease from the previous quarter’s peaks, although still below normalized levels. The company continues to focus on enhancing its global competitiveness as the full benefit of China’s reopening spurs volumes through the year, and as volatile energy costs and the destocking trend by customers begin to normalize.

Indorama Ventures achieved Reported EBITDA of $301 million in 1Q23, an increase of 269% QoQ and a decline of 62% YoY. Sales volumes dropped 8% YoY amid the heavy destocking trend that is impacting the chemical industry globally, although volumes rose 5% QoQ as the pace of destocking begins to slow from the peak in 4Q22. With China reopening from pandemic lockdowns and economic activity increasing, there has been marginal improvement in benchmark spreads, albeit below historical levels. In Europe, the warmer-than-expected winter contributed to lower energy prices and alleviated the cost pressures faced last year.

The Group reported an overall decline in Q1 earnings on a year-on-year basis as continued destocking by customers kept sales volumes below consumer consumption levels. CPET posted Reported EBITDA of $142 million, a 74% decrease YoY as sales volumes dropped 9%. Fibers segment achieved Reported EBITDA of $32 million, a decrease of 69% YoY as all three verticals reported declining sales. Integrated Oxides and Derivatives (IOD) segment posted a 4.4% growth in YoY Reported EBITDA to $128 million as volumes rose 4.4% YoY.

Lectra’s Annual Shareholders’ Meeting held on April 28 appointed two new Directors, Karine Calvet and Pierre-Yves Roussel for a four-year term. They both will become members of the Strategic Committee, replacing Bernard Jourdan, Lead Director, and Anne Binder. Karine Calvet also becomes a member of the Corporate Social Responsibility (CSR) Committee.

With its new strategic roadmap for 2023-2025, the Group aims to use its expansion – mainly due to the acquisition of Gerber in June 2021 – to accelerate its growth, significantly increase the share of SaaS in its sales, and seize opportunities for external growth. Supported by the commitment of its staff and recognized by its customers, Lectra will also be at the forefront of a more sustainable future.

Karine Calvet is Vice-President EMEA responsible for Partners at AVEVA, a subsidiary of Schneider Electric. She began her career at CGI in 1993 and has spent most of it in IT: sixteen years in services companies, seven years in telecommunications, and six years in software. She has had leadership roles in telecommunications environments for leading global companies (CGI, Capgemini, Alcatel-Lucent, Verizon, Microsoft and currently Schneider-Aveva), focusing on digital transformation. Karine Calvet served as Head of Industry at Capgemini, then managed worldwide teams at Alcatel-Lucent as Vice-President, Eastern Europe then at Verizon as Managing Director. Her time at Microsoft strengthened her software expertise, her direct and indirect channels skills, and her experience in IT services. In the last two years, as Vice-President, Southern Europe then Vice-President, Partners and Alliances at Schneider-Aveva, Karine Calvet has worked closely with industrial companies to help them meet the challenges of operational efficiency, safety, cost management, sustainability and decarbonization by taking advantage of digitalization.

Pierre-Yves Roussel has been CEO of leading US fashion label Tory Burch since January 2019. He began his career in investment banking with HSBC in Brussels, then at Morgan Stanley in London. In 1990, he joined management consulting firm McKinsey & Company in France, where he led numerous consultancy assignments in the fashion, luxury, distribution and media sectors in Europe and Asia. In 1998, he was elected Partner then, in 2004, Global Senior Partner (Director). In 2004, he joined the LVMH Group Executive Committee as Executive Vice-President, Strategy and Operations, reporting directly to Bernard Arnault. In 2006, he was appointed Chairman and CEO of LVMH Fashion Group, one of the LVMH Group’s five branches of operational activity. From 2006 to 2018, he was Chairman of the Board of the brands Céline, Givenchy, Loewe, Kenzo, Pucci, Rossimoda, Marc Jacobs, Donna Karan, Berluti, JW Anderson and Nicolas Kirkwood. He has also been a member on several prestigious fashion juries including Andam, CFDA Fashion Incubator, and the LVMH Fashion Prize. He was a member of the management committee of the Chambre Syndicale de la Mode et de la Couture from 2010 to 2018. In 2018, he left the LVMH Group to take up the post of CEO – based in New York – of the company Tory Burch. Founded by his wife in 2004, the private family-run company has more than 350 stores worldwide, 13 retail websites, and nearly 5,000 employees.