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28.07.2023

Lectra: Financial statements for the first half of 2023

  • Revenues: 239.6 million euros (-4%)*
  • EBITDA before non-recurring items: 35.3 million euros (-21%)*
  • Net income: 13.9 million euros (-31%)
  • Free cash flow before non-recurring items: 16.6 million euros (+13%)

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2023, which have been subject to a limited review by the Statutory Auditors.

Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis (see press release dated December 8, 2022) on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

  • Revenues: 239.6 million euros (-4%)*
  • EBITDA before non-recurring items: 35.3 million euros (-21%)*
  • Net income: 13.9 million euros (-31%)
  • Free cash flow before non-recurring items: 16.6 million euros (+13%)

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2023, which have been subject to a limited review by the Statutory Auditors.

Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis (see press release dated December 8, 2022) on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

Business Trends and Outlook
In its 2022 Annual Financial Report, published February 8, 2023, Lectra presented its new roadmap for 2023-2025. The Group also specified that 2023 remained unpredictable given the degraded macroeconomic and geopolitical environment, which lead to numerous uncertainties that could continue to weigh upon the investment decisions of its customers.

At the beginning of the year, the Group had set itself objectives of achieving, in 2023, revenues in the range of 522 to 576 million euros and EBITDA before non-recurring items in the range of 90 to 113 million euros.

Given the delay in orders for new systems in the first quarter, and poor visibility on new systems orders for subsequent quarters, the Group reported on April 27 that it now anticipated revenues in the range of 485 to 525 million euros (-5% to +3% at constant exchange rates relative to 2022) and EBITDA before non-recurring items in the range of 78 to 95 million euros (-15% to +3% at constant exchange rates relative to 2022). The Group also noted that despite limited visibility regarding new systems orders over the next few quarters, there is strong visibility regarding recurring revenues, which should enjoy substantial growth and account for 65% of total revenues in 2023. These revised scenarios had been prepared on the basis of the closing exchange rates on April 27, 2023, for the remaining nine months of the year, and particularly $1.10/€1.

The results of the second quarter support these revised objectives.

A 1-cent appreciation of the euro against the U.S. dollar in the second half of the year (at an exchange rate of $1.10/€1) would mechanically decrease revenues by approximately 1.0 million euros and EBITDA before non-recurring items by 0.45 million euros. On the contrary, a 1-cent fall in the euro against the dollar would mechanically raise revenues and EBITDA before non-recurring items by the same amounts.

Because the Group's customers operate in a highly competitive environment that demands they continue to improve performance, their investments will pick up as soon as the macroeconomic situation improves. Lectra's roadmap for 2023-2025, which was launched on January 1, 2023, will enable the Group to take full advantage of the upturn and accelerate its growth.

(c) adidas AG
28.07.2023

adidas: Y-3 returns with Fall/Winter 2023 Chapter 3 collection

In Fall/Winter 2023, Y-3 (partnership between adidas and Yohji Yamamoto) returns to present the third chapter of its year long exploratory narrative – with the subversive label taking athletic iconography, silhouettes, and materials and recontextualising them through through the lens of Yohji Yamamoto’s renegade design vision.

Inspired by adidas’ inimitable sporting legacy, Chapter 3’s apparel collection sees Y-3 evolve the collegiate motifs of previous seasons, for an entirely new context. Drawing on vintage varsity style lettering, an array of graphics are applied to jackets, t-shirts, and hoodies, in kettle stitch embroidery, chenille patches, puff prints, and engineered knits. A curated offering of quilted pieces, with cutlines inspired by the adidas Originals Aloxe tracksuit, completes the apparel highlights with a selection of jackets, vests, skirts, and pants.  

The collection is then rounded out by a host of bold accessories including elevated totes, gym bags, backpacks, body bags, knit beanies, caps, and more.  

In Fall/Winter 2023, Y-3 (partnership between adidas and Yohji Yamamoto) returns to present the third chapter of its year long exploratory narrative – with the subversive label taking athletic iconography, silhouettes, and materials and recontextualising them through through the lens of Yohji Yamamoto’s renegade design vision.

Inspired by adidas’ inimitable sporting legacy, Chapter 3’s apparel collection sees Y-3 evolve the collegiate motifs of previous seasons, for an entirely new context. Drawing on vintage varsity style lettering, an array of graphics are applied to jackets, t-shirts, and hoodies, in kettle stitch embroidery, chenille patches, puff prints, and engineered knits. A curated offering of quilted pieces, with cutlines inspired by the adidas Originals Aloxe tracksuit, completes the apparel highlights with a selection of jackets, vests, skirts, and pants.  

The collection is then rounded out by a host of bold accessories including elevated totes, gym bags, backpacks, body bags, knit beanies, caps, and more.  

Having traversed Yohji Yamamoto’s homeland of Japan for the brand’s Spring/Summer 2023 campaigns, the seasonal story journeys to adidas’ mother country of Germany, to capture Berlin’s unique, energetic, and prolific creative community. Shot by local photographer, Lengua, and motion director Thyago Sainte, the stills, moving images, and short film spotlight an enigmatic cast of musical figures that call Berlin home in personally resonant locations.

More information:
adidas Sportswear
Source:

adidas AG

Angela Breiter und Siegfried Seidl. Foto; K. Reinhardt GDH
Vorstandsduo des Hutverbands GDH auf der Düsseldorfer Fashion Room Juli 2023: Angela Breiter und Siegfried Seidl.
26.07.2023

Kräftiges Umsatzplus im Huteinzelhandel im 1. Halbjahr 2023

Die Spezialisten in der Hutbranche sind zufrieden bzw. sehr zufrieden mit dem ersten Halbjahr 2023. Nach der schwierigen, wetterbedingten Situation im Frühling, entwickelten sich der Juni und auch der Juli sensationell gut. Wichtigstes Verkaufsthema war der UV-Schutz für den Kopf. Laut Blitz-Umfrage des Hutverbandes GDH erzielte der Deutsche Hutfachhandel ein Umsatzplus in Höhe von 9,4 % im Vergleich zum Vorjahreshalbjahr. Vor allem der stationäre Umsatz war dafür verantwortlich, zu Lasten des Onlineverkaufs.

Die Spezialisten in der Hutbranche sind zufrieden bzw. sehr zufrieden mit dem ersten Halbjahr 2023. Nach der schwierigen, wetterbedingten Situation im Frühling, entwickelten sich der Juni und auch der Juli sensationell gut. Wichtigstes Verkaufsthema war der UV-Schutz für den Kopf. Laut Blitz-Umfrage des Hutverbandes GDH erzielte der Deutsche Hutfachhandel ein Umsatzplus in Höhe von 9,4 % im Vergleich zum Vorjahreshalbjahr. Vor allem der stationäre Umsatz war dafür verantwortlich, zu Lasten des Onlineverkaufs.

„Die meisten unserer Mitglieder haben die Umsätze von vor Corona getoppt. Das ist sehr erfreulich“, bestätigt Angela Breiter, Vorsitzende der Gemeinschaft deutsche Hutfachgeschäfte e.V. (GDH). Die Mitinhaberin des traditionsreichen Hut- und Modeunternehmens Breiter in München leitet seit zwei Jahren den Hutverband, der vor 70 Jahren gegründet wurde.
 
Hutbranche traf sich zum Messe-Get-together in Düsseldorf
„Der Termin in Düsseldorf ist genau richtig für unsere Branche, um sich zu informieren “, so Angela Breiter. „Wir können an einem Ort die wichtigsten Lieferanten besuchen, können Partnerschaften vertiefen und haben eine gute Trendanalyse über das Angebot und lernen noch neue Lieferanten kennen.“ Siegfried Seidl (Hut Mayer, Neuötting), Vize-Vorsitzender der GDH, fügt hinzu: „Erfreulicherweise sind die Preissteigerungen durch Energie-, Logistik- und gestiegenen Personalkosten der letzten Jahre vorerst gebremst. Einige Lieferanten sind kreativ, zum Beispiel durch Paper-Panamas, um die enorm gestiegenen, wenn auch faireren Preisen, im Bereich Panama auszugleichen, denn die werden in Ecuador in Wochen und Monaten in Handarbeit hergestellt. Nicht jede Kundin oder jeder Kunde kann sich einen Panamahut von 150 oder mehr Euro leisten.“
 
Trend-Thema: Funktion in allen Facetten
Leger und unkompliziert praktisch muss es für die Träger sein. Viele Qualitäten sind weich oder rollbar und bleiben auch aus dem Koffer oder aus der Tasche gezogen in Form. Wasserfeste Hüte kommen als Trilbys und Mützen daher oder als hippe Traveller für die Streetwork-Szene und nicht zuletzt als knallige Regenhütte in Lack. Mega-Thema ist UV-Schutz. Der Schutz vor zu viel Sonne wird aufgrund des Klimawandels mit steigenden Temperaturen immer wichtiger. Zahlreiche Lieferanten bieten zertifizierte UV-Schutz bis zu 80 an. Das erlaubt einen bis zu 80-mal längeren Aufenthalt in der Sonne. „Ein bedeutendes Umsatzthema für den Sommer“, betont Angela Breiter. „Wir als Verband unterstützen unsere Mitglieder mit einer erfolgreichen UV-Schutzkampagne für den POS.“

Trend-Thema: Materialien, Muster und Farbe
Sommerhüte in Stroh oder Strohborte werden durch weiches Raffia in allen Formen und Farben ergänzt, auch wenn Naturtöne das stärkste Verkaufsthema sind. Seidig, edel und komfortabel zu tragen sind Mützen aus Seide; verschiede Lieferanten haben das Thema neben Leinen und Baumwolle ausgebaut. Karos, Streifen, Mustermix, Patchwork: Alles ist möglich. Super leicht und dennoch robust und zudem nachhaltig, weil nachwachsend, ist Hanf. Ein Thema, das jetzt auch verstärkt in der Herrenhutmode umgesetzt wird. Generell ist Nachhaltigkeit von Bedeutung und findet sich in den Stoffen oder Futter aus recycelten oder ökologischen Materialien wider.

Source:

Gemeinschaft deutsche Hutfachgeschäfte e.V.

26.07.2023

Fashion for Good partners join forces with fastfeetgrinded for circular footwear

Fashion for Good launches new pilot with brand partners adidas, Inditex, Target and Zalando, and footwear recycling innovator FastFeetGrinded to test and validate the innovative footwear recycling process to support the uptake of recycled content in footwear, driving the change towards a more circular footwear industry.

Globally, 24 billion shoes are added to the market each year*, and a staggering 90% of shoes are either landfilled or incinerated*. To tackle this challenge, Fashion for Good has launched a new pilot with partners adidas, Inditex, Target and Zalando, in collaboration with innovator FastFeetGrinded, aiming to test and validate the footwear recycling process and support the uptake of recycled materials in footwear. FastFeetGrinded possesses the unique capability to deconstruct any type of pre- and post-consumer shoe, breaking it down into its macro-components. These macro-components are then subsequently grinded down into smaller high purity granulates which FastFeetGrinded may use to create material streams for repurposed use.

Fashion for Good launches new pilot with brand partners adidas, Inditex, Target and Zalando, and footwear recycling innovator FastFeetGrinded to test and validate the innovative footwear recycling process to support the uptake of recycled content in footwear, driving the change towards a more circular footwear industry.

Globally, 24 billion shoes are added to the market each year*, and a staggering 90% of shoes are either landfilled or incinerated*. To tackle this challenge, Fashion for Good has launched a new pilot with partners adidas, Inditex, Target and Zalando, in collaboration with innovator FastFeetGrinded, aiming to test and validate the footwear recycling process and support the uptake of recycled materials in footwear. FastFeetGrinded possesses the unique capability to deconstruct any type of pre- and post-consumer shoe, breaking it down into its macro-components. These macro-components are then subsequently grinded down into smaller high purity granulates which FastFeetGrinded may use to create material streams for repurposed use.

Through this collaborative pilot, the partners will divert pre- and post-consumer footwear to FastFeetGrinded, who will transform them into various new material granulates. The next step involves FastFeetGrinded’s network of supply chain partners, who will produce output products, such as outsoles, midsoles, and flip flops. The brands will closely evaluate the products’ quality and purity, aiming to showcase the potential of FastFeetGrinded's footwear recycling technology and pave the way for scalable solutions.

*World Footwear Yearbook (2020). Footwear production with a new record of 24.3 billion pairs.
*Vivobarefoot. 22 billion pairs of shoes are dumped into landfill each year. It’s time for change.
*WRAP (2019) Valuing our Clothes.
*Material Innovation Initiative (2021). 2021 State of the Industry Report: Next-Gen Materials.

Source:

Fashion for Good

Photo: BTMA
26.07.2023

BTMA joins ITMF

The British Textile Machinery Association (BTMA) has joined the Zurich-headquartered International Textile Manufacturers Federation (ITMF) – revitalising a historic connection and reflecting an increased push to expand the international reach of UK companies.

The announcement was made at the ITMA 2023 textile machinery exhibition in Milan from June 8-14.

“We are pleased to welcome the BTMA as our latest association member and look forward to a long and fruitful partnership going forward,” said ITMF Director General Dr Christian Schindler. “The ITMF was actually headquartered in Manchester in the UK up until the 1960s, so we share long-standing roots. Today, ITMF members are from across the entire textile supply chain which enables them to gain a better understanding of the full complexity and dynamics of the industry and to fully respond to the opportunities and challenges it faces.”

The British Textile Machinery Association (BTMA) has joined the Zurich-headquartered International Textile Manufacturers Federation (ITMF) – revitalising a historic connection and reflecting an increased push to expand the international reach of UK companies.

The announcement was made at the ITMA 2023 textile machinery exhibition in Milan from June 8-14.

“We are pleased to welcome the BTMA as our latest association member and look forward to a long and fruitful partnership going forward,” said ITMF Director General Dr Christian Schindler. “The ITMF was actually headquartered in Manchester in the UK up until the 1960s, so we share long-standing roots. Today, ITMF members are from across the entire textile supply chain which enables them to gain a better understanding of the full complexity and dynamics of the industry and to fully respond to the opportunities and challenges it faces.”

Source:

BTMA - British Textile Machinery Association

(c) gr3n
26.07.2023

gr3n: First manufacturing plant for depolymerization of PET in Spain

To reach its goal of being the world’s leading supplier of enhanced recycled polyethylene terephthalate (PET), gr3n is signing a binding Memorandum of Understanding (MOU) with its shareholder Intecsa Industrial to set up a Joint Venture.

gr3n together with Intecsa Industrial will join forces and build a “First-of-a-Kind” manufacturing facility able to produce 40.000 tons of virgin-like PET, commencing EPC phase in Q4-2024 and aiming to be operational in 2027. gr3n’s chemical recycling technology is capable of processing PET from various industries including textile waste, closing the loop for hard-to-recycle PET applications.

To reach its goal of being the world’s leading supplier of enhanced recycled polyethylene terephthalate (PET), gr3n is signing a binding Memorandum of Understanding (MOU) with its shareholder Intecsa Industrial to set up a Joint Venture.

gr3n together with Intecsa Industrial will join forces and build a “First-of-a-Kind” manufacturing facility able to produce 40.000 tons of virgin-like PET, commencing EPC phase in Q4-2024 and aiming to be operational in 2027. gr3n’s chemical recycling technology is capable of processing PET from various industries including textile waste, closing the loop for hard-to-recycle PET applications.

The world’s first industrial-scale MADE PET recycling plant will have the capability to process post-industrial and post-consumer PET waste including hard-to-recycle waste, to produce approximately 40.000 tons of virgin PET chips from the recycled monomers saving nearly 2 million tons of CO2 during its operating life. The post-consumer and/or post-industrial polyesters will be both from bottles (colored, colorless, transparent, opaque) and textiles (100% polyester but also mixtures of other materials like PU, cotton, polyether, polyurea, etc. with up to 30% of presence in the raw textile).

The technical concept of the MADE plant is to break down PET into its main components (monomers) so they can potentially be re-polymerized endlessly to provide brand new virgin PET or any other polymer using one of the monomers. Polymers obtained can be used to produce new bottles/trays and/or new garments, essentially completely displacing feedstock material from fossil fuels, as the recycled product has the same functionality as that derived traditionally. This means that gr3n can potentially achieve bottle-to-textile, textile-to-textile, or even textile-to-bottle recycling, moving from a linear to a circular system.

gr3n’s process has the potential to change the way PET is recycled worldwide, enabling huge benefits for both the recycling industry and the entire polyester value chain. Many efforts have been made in the past to transfer enhanced recycling from research laboratories to the manufacturing industry, but the economics and skepticism of the first adopters have constantly blocked the progress of the proposed solutions. Thanks to the MADE technology developed by gr3n, this approach is now feasible and makes gr3n one of the few companies with the potential to provide a reliable enhanced recycling solution that closes the life cycle of PET, and also offers food grade polymer material, processes a large variety of waste and reduces the carbon footprint of these materials usually destined for incineration or landfill.

More information:
gr3n PET Intecsa
Source:

gr3n

(c) Riri / Oerlikon Group
26.07.2023

Riri presents its FW 24-25 collection

Riri, which became part of Oerlikon Group on March 1, presents its FW 24-25 collection, which embraces plastic and metal trends.

Riri, which became part of Oerlikon Group on March 1, presents its FW 24-25 collection, which embraces plastic and metal trends.

Metal Trends: GALACTIC SHINE, TEXTURIZED BLACK and AMBER GLAZE
As a result of joining the Oerlikon Group, specializing in surface engineering, polymer processing, and additive manufacturing, Riri is accelerating its transition to new processes related to surface treatments, particularly the PVD (Physical Vapour Deposition) technology, a physical process that significantly reduces impacts on the environment. PVD processes can be appreciated particularly on sliders and buttons where gold and shiny black finishes stand out. Silver textures, science fiction-inspired surfaces and shapes, and glossy, brushed finishes in shades of gray and very light gold: GALACTIC SHINE brings to earth a sidereal experience, witness from a journey where the atmosphere becomes rarefied and elegance takes shape among metalized leather tapes, gold PVD pullers, organic cotton, and gleaming inox. Black also shines in the TEXTURIZED BLACK selection, in tone-on-tone contrasts that create plays of light and shadow, thanks to metallic effects, glossy black PVD treatments, tapes and galvanic in shades of black. The atmosphere becomes warmer by varying on amber tones, the absolute protagonists of the AMBER GLAZE mood, which offers a different interpretation of elegance through bright amber tones, rose gold, diamond prints and geometric patterns.

Plastic Trends: GHOSTLY ICE and SPRAY VANISHED
GHOSTLY ICE features accessories that refer to the skiing theme, offering an algid beauty made up of transparent surfaces and icy effects, a theme in which the sustainability of mono-materials coexists with the elegance of the end result. The color inspirations are totally different, but sustainability and elegance remain unchanged in the SPRAY VANISHED zipper selection, in which vibrant multicolored effects communicate joy and vitality through iridescent PVD effects and the use of recycled materials, such as the polyamide of the patented B.Lock button.

More information:
Riri Group Oerlikon collection
Source:

Riri / Oerlikon Group

Gabriela Schelnner, Karl Mayer Group (c) Karl Mayer Group
Gabriela Schelnner, Karl Mayer Group
26.07.2023

Südwolle Group and KARL MAYER GROUP cooperate to unlock the potential of merino wool

The KARL MAYER GROUP and the Südwolle Group have joined forces in a project to explore the possibilities of merino wool for warp knitting technology. The project was triggered by the increasing demand for textiles made from sustainable and environmentally friendly materials. The cooperation was to develop innovative fabrics from renewable raw materials for use in underwear and functional sportswear. The focus of the work was on the use of wool as a material with excellent comfort properties and the look and feel of lightweight single jersey goods. The natural fiber fabric qualities are not typical for warp knitting processing, so the challenges during the project work were diverse.

The KARL MAYER GROUP and the Südwolle Group have joined forces in a project to explore the possibilities of merino wool for warp knitting technology. The project was triggered by the increasing demand for textiles made from sustainable and environmentally friendly materials. The cooperation was to develop innovative fabrics from renewable raw materials for use in underwear and functional sportswear. The focus of the work was on the use of wool as a material with excellent comfort properties and the look and feel of lightweight single jersey goods. The natural fiber fabric qualities are not typical for warp knitting processing, so the challenges during the project work were diverse.

Merino wool yarns with good running properties
Regarding the choice of material, the product development team of Südwolle Group recommended the Hidalgo yarn from their product portfolio. The yarn was created using the in-house developed Betaspun technology, in which a filament was twisted around a merino core. When natural fibres such as wool, cotton or silk are combined with sustainable fibres such as biodegradable polyamide as the filament, the spinning process can create durable, lightweight yarns that disintegrate completely without residue after use. The yarns made from the two components also have good running properties for use in warp knitting. "The polyamide content of the yarn increases its tenacity, reduces hairiness and makes it an excellent choice for warp knitting technology," confirmed Gabriela Schellner from KARL MAYER's Textile Product Development Department.

Shape stability paired with single jersey "look and feel"
The Hidalgo yarn, which is made from merino wool, was processed on a warp knitting machine using a carefully thought-out lapping selection to produce a light, soft fabric which, above all, retains its shape. The textile specialists at KARL MAYER had experimented with two different single bar fabric qualities beforehand and had thus adopted a new approach for jersey machines.

The first results are promising. Now more trials are needed to perfect the technique. Development partners are needed, including fabric producers, brands, and garment manufacturers, with whom the fabric qualities, machine equipment and orientation to the end applications can be refined. The KARL MAYER GROUP and the Südwolle Group are also unanimous in their desire to push the boundaries of what is possible with merino wool and knitting technology and to develop new solutions for the textile industry through further project work.

Source:

Karl Mayer Group

(c) SHIMA SEIKI MFG., LTD.
26.07.2023

SHIMA SEIKI launches SHIMA HelpCenter

Flat knitting solutions provider SHIMA SEIKI MFG., LTD. of Wakayama, Japan has launched its “SHIMA HelpCenter” customer support site. SHIMA HelpCenter integrates Help, FAQ, Operation Manual, and Glossary functions for SHIMA SEIKI products, and supports cross-content keyword search to improve user convenience. In addition, video content provides easy-to-understand explanations of various product functions, as smart solutions to questions and problems that may arise during product use. With support for smartphones and tablets, our product users can use the service anytime, anywhere. Operation manuals that were previously provided in printed form are being converted to the online version in order to provide services more efficiently in an environmentally friendly, sustainable, and convenient manner.

Flat knitting solutions provider SHIMA SEIKI MFG., LTD. of Wakayama, Japan has launched its “SHIMA HelpCenter” customer support site. SHIMA HelpCenter integrates Help, FAQ, Operation Manual, and Glossary functions for SHIMA SEIKI products, and supports cross-content keyword search to improve user convenience. In addition, video content provides easy-to-understand explanations of various product functions, as smart solutions to questions and problems that may arise during product use. With support for smartphones and tablets, our product users can use the service anytime, anywhere. Operation manuals that were previously provided in printed form are being converted to the online version in order to provide services more efficiently in an environmentally friendly, sustainable, and convenient manner.

SHIMA online is a web service platform which features “APEXFiz®” design software subscription service, “yarnbank®” digital yarn sourcing service, “SHIMA Datamall™” digital content service, “SHIMANAVI®” e-learning system and “SHIMA KnitManager™” knit production management software, all of which are designed to improve operational efficiency and create attractive and sustainable products. With a SHIMA online account, both SHIMA HelpCenter and SHIMA Datamall can be accessed using the same ID.

Source:

SHIMA SEIKI MFG., LTD.

26.07.2023

AkzoNobel publishes results for Q2 2023

Highlights Q2 2023 (compared with Q2 2022)

Highlights Q2 2023 (compared with Q2 2022)

  • Revenue 4% down on unfavorable exchange rates, 3% up in constant currencies1
  • Pricing up 5%, volumes 1% lower
  • Operating income up 36% at €279 million (2022: €205 million)
  • Adjusted operating income2 up 25% at €311 million; ROS3 11.3% (2022: €249 million and 8.7%)
  • Net cash from operating activities positive €305 million (2022: negative €52 million)

2023 Outlook
AkzoNobel expects the ongoing macro-economic uncertainties to continue and weigh on organic volume growth. The company will focus on margin management, cost reduction, working capital normalization and de-leveraging.
Cost reduction programs are expected to partly mitigate higher than expected inflationary pressure on operating expenses for 2023. AkzoNobel expects declining raw material costs to have a favorable impact on profitability.
Based on current market conditions, AkzoNobel targets to deliver €1.40 to €1.55 billion adjusted EBITDA.
The company aims to lower its leverage ratio to less than 3.4 times net debt/EBITDA, including the impact of the Kansai Paint Africa acquisition, by the end of 2023 and return to around 2 times post-2023.

More information:
AkzoNobel financial year 2023
Source:

AkzoNobel

Hygienix 2023 (c) INDA
26.07.2023

INDA Opens Registration and Tabletop Reservations for Hygienix™ 2023

INDA, the Association of the Nonwoven Fabrics Industry, announced that registration and tabletop exhibit reservations are open for the ninth edition of Hygienix™, November 13-16, New Orleans, Louisiana. More than 450 absorbent hygiene and personal care professionals from around the world will gather for four days of networking, presentations, and business opportunities.
 
The theme for this year’s Hygienix is “Shaping the Future of Absorbent Hygiene.” The event will focus on the market’s continued growth with presentations on sustainability, technology advancements, disruptive small brands, and market data and trends. Hygienix will also offer a workshop on absorbent hygiene systems led by Jim Robinson, Absorbent Hygiene Insights, LLC, Monday, November 13th. The full Hygienix program will be announced at a later date.
 
INDA is also introducing a new element for Hygienix – pre-conference webinars. Carlos Richer, Principal, Diaper Testing International, will present insights and trends in diaper design in the U.S. market and Heidi Beatty, CEO, Crown Abbey, LLC, will share her expertise in the absorbent hygiene sector.
 

INDA, the Association of the Nonwoven Fabrics Industry, announced that registration and tabletop exhibit reservations are open for the ninth edition of Hygienix™, November 13-16, New Orleans, Louisiana. More than 450 absorbent hygiene and personal care professionals from around the world will gather for four days of networking, presentations, and business opportunities.
 
The theme for this year’s Hygienix is “Shaping the Future of Absorbent Hygiene.” The event will focus on the market’s continued growth with presentations on sustainability, technology advancements, disruptive small brands, and market data and trends. Hygienix will also offer a workshop on absorbent hygiene systems led by Jim Robinson, Absorbent Hygiene Insights, LLC, Monday, November 13th. The full Hygienix program will be announced at a later date.
 
INDA is also introducing a new element for Hygienix – pre-conference webinars. Carlos Richer, Principal, Diaper Testing International, will present insights and trends in diaper design in the U.S. market and Heidi Beatty, CEO, Crown Abbey, LLC, will share her expertise in the absorbent hygiene sector.
 
More than 50 companies will showcase their innovations and technologies during the evening tabletop exhibits and receptions. Participants will be able to discuss their needs with technical leaders and source better solutions for their products, Nov. 14-15.
 
Nominations are being accepted through August 7th for the Hygienix Innovation Award™. Three finalists will be selected to present their absorbent hygiene products on Tuesday, November 14th to hundreds of senior-level professionals. The winner of the Award will be announced at the end of the event, Thursday, November 16th.

More information:
INDA Hygienix
Source:

INDA

26.07.2023

adidas: Preliminary second quarter results and full year guidance

adidas announced preliminary results for the second quarter of 2023. In Q2, currency-neutral revenues were flat versus the prior year level. In euro terms, the company’s revenues declined 5% to € 5.343 billion (2022: € 5.596 billion). The company’s gross margin was up 0.6 percentage points to 50.9% during the quarter (2022: 50.3%). Operating profit reached € 176 million in Q2 (2022: € 392 million), reflecting an operating margin of 3.3% (2022: 7.0%). The company’s top- and bottom-line development in the quarter was positively impacted by the first sale of some of its Yeezy inventory as announced at the end of May. In addition, the underlying adidas business also developed slightly better than expected.

Consequently, the company has updated its full year guidance. adidas now expects currency-neutral revenues to decline at a mid-single-digit rate in 2023 (previously: decline at a high-single-digit rate). At the same time, the company’s underlying operating profit – excluding any one-offs related to Yeezy and the ongoing strategic review – is still anticipated to be around the break-even level.

adidas announced preliminary results for the second quarter of 2023. In Q2, currency-neutral revenues were flat versus the prior year level. In euro terms, the company’s revenues declined 5% to € 5.343 billion (2022: € 5.596 billion). The company’s gross margin was up 0.6 percentage points to 50.9% during the quarter (2022: 50.3%). Operating profit reached € 176 million in Q2 (2022: € 392 million), reflecting an operating margin of 3.3% (2022: 7.0%). The company’s top- and bottom-line development in the quarter was positively impacted by the first sale of some of its Yeezy inventory as announced at the end of May. In addition, the underlying adidas business also developed slightly better than expected.

Consequently, the company has updated its full year guidance. adidas now expects currency-neutral revenues to decline at a mid-single-digit rate in 2023 (previously: decline at a high-single-digit rate). At the same time, the company’s underlying operating profit – excluding any one-offs related to Yeezy and the ongoing strategic review – is still anticipated to be around the break-even level.

Including the positive impact from the first Yeezy drop, the potential write-off of the remaining Yeezy inventory of now € 400 million (previously: € 500 million) and one-off costs related to the strategic review of up to € 200 million (unchanged), the company now expects to report an operating loss of € 450 million in 2023 (previously: loss of € 700 million).

If successful, potential future Yeezy drops would further improve the company’s results.

More information:
adidas AG financial year 2023
Source:

adidas AG

26.07.2023

SGL Carbon SE confirms full-year guidance 2023

According to preliminary figures for H1 2023, SGL Carbon's Group sales increased year-on-year from €549.8 million to €560.5 million, with EBITDApre1 almost unchanged at €88.0 million (H1 2022: €87.9 million). The expected good business performance of the Business Unit Graphite Solutions and the better-than-expected sales and earnings development of the segments Process Technology and Composite Solutions compensated the drop in demand in the Business Unit Carbon Fibers.

According to preliminary figures for H1 2023, SGL Carbon's Group sales increased year-on-year from €549.8 million to €560.5 million, with EBITDApre1 almost unchanged at €88.0 million (H1 2022: €87.9 million). The expected good business performance of the Business Unit Graphite Solutions and the better-than-expected sales and earnings development of the segments Process Technology and Composite Solutions compensated the drop in demand in the Business Unit Carbon Fibers.

Graphite Solutions (GS) increased sales by 15.3% year-on-year to €280.6 million and EBITDApre by 20.6% to €65.1 million. With a 30.9% rise in sales (€64.4 million) and a significant improvement in EBITDApre from €4.1 million to €11.9 million, the business performance of Process Technology (PT) was significantly ahead of the original budget. Composite Solutions (CS) also reported a higher-than-expected sales increase of 14.4% to €79.6 million in H1 2023 and an increase in EBITDApre of 26.8% to €12.3 million compared to H1 last year. By contrast, the business performance of the Carbon Fibers (CF) unit was not in line with expectations, with a 28.9% decline in sales to €125.1 million and an EBITDApre contribution of €6.1 million (-78.4% compared to the 1st half of the previous year).

An important market segment of the Carbon Fibers Business Unit is the wind industry. Demand for carbon fibers for the wind industry has declined sharply since the beginning of the year. According to current estimates, the expected recovery in demand in H2 2023 will not materialize for the time being. SGL Carbon expects customer demand from the wind industry to pick up in 2024.

Based on this, an impairment loss of between €40-50 million will be recognized on the assets of the Carbon Fibers Business Unit as of June 30, 2023. The impairment relates exclusively to Carbon Fibers, the operating business of the other Business Units is not affected.

SGL Carbon's equity ratio after the impairment as of June 30, 2023 is approximately 36% (December 31, 2022: 38.5%).

Further information on the first six months of fiscal year 2023 can be obtained from the half-year report, which will be published on August 3, 2023.

1The definition of key figures used in this release is aligned to the Annual Report 2022.

Source:

SGL CARBON SE

drop of orders (c) ACIMIT
26.07.2023

Italian Textile Machinery: 2nd Q 2023 Drop in Order Intake

During the second quarter of 2023, the orders index for textile machinery, as compiled by the Economics Department of ACIMIT, the Association of Italian Textile Machinery Manufacturers, dropped significantly compared to 2022 April – June 2022 period (-30%). In absolute terms, the index stood at 85.1 points (basis 2015=100).

This drop is the result of a reduction in the collection of new orders recorded by manufacturers both domestically and on foreign markets. The decrease in orders in Italy amounted to 21%, whereas a 31% downtrend was observed abroad. The absolute value of the index on foreign markets settled at 81.9 points, while in Italy it stands at 117.2 points. New orders for the second quarter amounted to 4.1 months of guaranteed production. ACIMIT’s data also shows that the use of production capacity by Italian manufacturers was 70% for the first half of 2023. This percentage is expected to remain stable for the second half of the year.

During the second quarter of 2023, the orders index for textile machinery, as compiled by the Economics Department of ACIMIT, the Association of Italian Textile Machinery Manufacturers, dropped significantly compared to 2022 April – June 2022 period (-30%). In absolute terms, the index stood at 85.1 points (basis 2015=100).

This drop is the result of a reduction in the collection of new orders recorded by manufacturers both domestically and on foreign markets. The decrease in orders in Italy amounted to 21%, whereas a 31% downtrend was observed abroad. The absolute value of the index on foreign markets settled at 81.9 points, while in Italy it stands at 117.2 points. New orders for the second quarter amounted to 4.1 months of guaranteed production. ACIMIT’s data also shows that the use of production capacity by Italian manufacturers was 70% for the first half of 2023. This percentage is expected to remain stable for the second half of the year.

ACIMIT president Marco Salvadè stated that, “The orders index for the second quarter elaborated by our Economics Department clearly shows a decline in new orders both in Italy and abroad compared to the previous year. The decline that usually precedes an event such as ITMA, the international textile machinery exhibition held last June in Milan, however, is part of a negative trend that has been going on for several quarters”.

Uncertainty appears to be weighing heavily especially on markets abroad, where foreign trade statistics updated to the first quarter of 2023 are marked by a slackening in Italian sales in some important reference markets, such as Turkey, China, the United States and Pakistan.

Salvadè added that, “Feedback from over 400 Italian companies that took part in ITMA is positive. It’s now necessary for the many contacts made during the event to materialize and for the demand for machinery in the main textile machinery markets to resume a path towards growth.”

More information:
ACIMIT orders index
Source:

ACIMIT

Iluna Group AW 24/25 collection inspired by three FOREVER ICONS (c) Iluna Group
24.07.2023

Iluna Group AW 24/25 collection inspired by three FOREVER ICONS

Three strong women, each different from the other, but who have managed to leave their mark on the history and evolution of the female role, and despite living in different eras, have left an indelible mark on society: Madame De Pompadour, nicknamed Reinette, the favourite of King Louis XV, Luisa Amman, called Corè by the great poet Gabriele D'Annunzio, and the iconic Vivienne Westwood, Miss Viv.
The three women are the FOREVER ICONS chosen and celebrated Iluna, where each woman becomes the protagonist of a “traveling exhibition” that will accompany Iluna between events and fairs.

Reinette
The nickname "Reinette" belonged to Madame De Pompadour, the favourite of King Louis XV. She had a significant influence in politics, arts, and fashion, shaping the style of the first half of the 18th century. Beauty and grace are represented in a floral theme, featuring small romantic details that become opulent with the use of lurex and golden cords. The color palette is soft, muted, and powderyry.

Three strong women, each different from the other, but who have managed to leave their mark on the history and evolution of the female role, and despite living in different eras, have left an indelible mark on society: Madame De Pompadour, nicknamed Reinette, the favourite of King Louis XV, Luisa Amman, called Corè by the great poet Gabriele D'Annunzio, and the iconic Vivienne Westwood, Miss Viv.
The three women are the FOREVER ICONS chosen and celebrated Iluna, where each woman becomes the protagonist of a “traveling exhibition” that will accompany Iluna between events and fairs.

Reinette
The nickname "Reinette" belonged to Madame De Pompadour, the favourite of King Louis XV. She had a significant influence in politics, arts, and fashion, shaping the style of the first half of the 18th century. Beauty and grace are represented in a floral theme, featuring small romantic details that become opulent with the use of lurex and golden cords. The color palette is soft, muted, and powderyry.

Corè
Luisa Amman, born in the late 19th century into a wealthy bourgeois family, married at a young age and became Marchesa Casati. "Corè" is the endearing nickname given to her by her lover Gabriele D'Annunzio, inspired by Kore, the Queen of the Underworld. She was a patron of the arts, an eccentric and transgressive collector. This theme celebrates opulence, from peacock feathers to Liberty-style designs in deep colours and warm metallic glimmers. An innovative proposal for the theme is the pleating technique, achieved directly in the weaving process of the Ultralight jacquardtronic laces.

Miss Viv
Vivienne Westwood, an extraordinary protagonist with an intense and irreverent life. Her insights have forever marked fashion and transformed the general standards of dressing. Rock and rebellious, she drew inspiration from street trends, anticipating avant-garde movements. In the 1990s, she brought back Tartan, mixing it with sensual roses in a maximalism that went against the prevailing trends, featuring vibrant colours. At the beginning of the third millennium, she grasped the importance of preserving the planet and left us with a motto that is more urgent and relevant than ever: "Buy Less, Choose Well, Make it Last." Within this theme, there is a new GRS-certified print that saves water, applied to ultra-fine Lurex nets, which are also certified.

Source:

Iluna Group

Freudenberg: 3D entangled mat production in China (c) Freudenberg Performance Materials Holding GmbH
24.07.2023

Freudenberg: 3D entangled mat production in China

Freudenberg Performance Materials (Freudenberg), a global supplier of high-performance technical textiles has begun operating a new 3D entangled mat production line in Changzhou (China). It enables Freudenberg to supply customers in the APAC region with Enka®Solutions made in China for building, industrial and civil engineering applications. Freudenberg now is also able to serve customers in diverse technical markets with finished and semi-finished products.

This investment in China will significantly increase Enka®Solutions production capacity and will play a fundamental role in the development of Enka business with customers in the APAC region. Freudenberg inaugurated the new line in Changzhou at an opening ceremony on July 13th.

Freudenberg Performance Materials (Freudenberg), a global supplier of high-performance technical textiles has begun operating a new 3D entangled mat production line in Changzhou (China). It enables Freudenberg to supply customers in the APAC region with Enka®Solutions made in China for building, industrial and civil engineering applications. Freudenberg now is also able to serve customers in diverse technical markets with finished and semi-finished products.

This investment in China will significantly increase Enka®Solutions production capacity and will play a fundamental role in the development of Enka business with customers in the APAC region. Freudenberg inaugurated the new line in Changzhou at an opening ceremony on July 13th.

The new production line in Changzhou complements the manufacturing operations in Obernburg (Germany) and Asheville (North Carolina, USA). With a global manufacturing presence on the three different continents Europe, Asia and America, Freudenberg can now serve markets locally and deliver Enka®Solutions products faster and efficiently. This will not only help to better meet customer needs, but also reducing the company's environmental footprint by increasing local production.

Source:

Freudenberg Performance Materials Holding GmbH

First show of ‘Best of Bangladesh’ in Europe (c) Bangladesh Apparel Exchange
24.07.2023

First show of ‘Best of Bangladesh’ in Europe

‘Best of Bangladesh’ -- the first ever sole ‘Made in Bangladesh’ show in Europe -- aims to open the doors for Europe to experience what the Bangladeshi industries has to offer.

As Bangladesh celebrates five decades of strong ties with Europe, in order to further strengthen the ties and deepen collaborations with the partners across Europe, Bangladesh Apparel Exchange, supported by the Bangladesh Embassy in the Netherlands, is organizing the event in Amsterdam, Netherlands on September 4th and 5th, 2023.

The ‘Best of Bangladesh’ aims to serve as a dynamic platform to showcase the progress and potential across diverse sectors of Bangladesh economy, especially manufacturing.

A total of 40 Bangladeshi companies each of which is the country’s best from apparel, textile, leather, Agro, jute, handicrafts, pharmaceutical, light engineering, digital industry, FMCG and bicycle will showcase their sustainable and innovative products in the Best of Bangladesh.  

‘Best of Bangladesh’ -- the first ever sole ‘Made in Bangladesh’ show in Europe -- aims to open the doors for Europe to experience what the Bangladeshi industries has to offer.

As Bangladesh celebrates five decades of strong ties with Europe, in order to further strengthen the ties and deepen collaborations with the partners across Europe, Bangladesh Apparel Exchange, supported by the Bangladesh Embassy in the Netherlands, is organizing the event in Amsterdam, Netherlands on September 4th and 5th, 2023.

The ‘Best of Bangladesh’ aims to serve as a dynamic platform to showcase the progress and potential across diverse sectors of Bangladesh economy, especially manufacturing.

A total of 40 Bangladeshi companies each of which is the country’s best from apparel, textile, leather, Agro, jute, handicrafts, pharmaceutical, light engineering, digital industry, FMCG and bicycle will showcase their sustainable and innovative products in the Best of Bangladesh.  

Bangladesh economy ranks as the world’s 37th largest now and it’s rapidly-expanding. The ‘Best of Bangladesh’ is being organized to accelerate interests and burgeoning engagements between the entrepreneurs and private sector entities on both European and Bangladeshi sides. The event has been structured to serve as a platform to showcase the multifaceted progress made and potential across diverse sectors of Bangladesh’s economy.

There will be an inaugural and 7 interactive panel sessions at the Best of Bangladesh on the topics ‘Bangladesh – Perspectives From An Emerging Economy’, ‘Bangladesh - Your Sustainable Sourcing Destination’, ‘Empowering the Future: Advancing Safety & Well-being for Garments Workforce in Bangladesh’, ‘Bangladesh Agro-Food: A Next Opportunity for Collaboration’, ‘Impact Investing - The Next Frontier’, ‘Sustainable Synergy: Circular Economy, Climate Action & Bangladesh’s Future’, and ‘Digitization and Digital Economy in Bangladesh’.

Source:

Bangladesh Apparel Exchange

24.07.2023

Indorama Ventures and SMBC: Thailand’s first sustainability-linked Trade Finance facility

Indorama Ventures Public Company Limited and Sumitomo Mitsui Banking Corporation (SMBC) signed Thailand’s first sustainability-linked Trade Finance facility of US$50 million to support Indorama Ventures’ contributions to its ambitious sustainability commitment. This new facility reflects Indorama Ventures’ leadership in leveraging sustainable financing in Thailand.

The new facility is short-term working capital finance linked to the company’s sustainability performance targets, including reducing greenhouse gas (GHG) emissions intensity by 10% by 2025 (from a 2020 base), increasing post-consumer PET bale input for recycling to 750,000 tons by 2025, and boosting renewable electricity consumption to 25% by 2030.

Indorama Ventures Public Company Limited and Sumitomo Mitsui Banking Corporation (SMBC) signed Thailand’s first sustainability-linked Trade Finance facility of US$50 million to support Indorama Ventures’ contributions to its ambitious sustainability commitment. This new facility reflects Indorama Ventures’ leadership in leveraging sustainable financing in Thailand.

The new facility is short-term working capital finance linked to the company’s sustainability performance targets, including reducing greenhouse gas (GHG) emissions intensity by 10% by 2025 (from a 2020 base), increasing post-consumer PET bale input for recycling to 750,000 tons by 2025, and boosting renewable electricity consumption to 25% by 2030.

Indorama Ventures has secured a total US$2.4 billion in long-term sustainable financing from various national and international financial institutions between 2018–2022. The funds are supporting the company’s expansion and sustainability projects in line with its strategy under Vision 2030 as a purposeful company with ESG at its core.

Source:

Indorama Ventures Public Company Limited 

24.07.2023

Rieter in first Half of 2023: Increase in sales, decrease in orders

In the first half of 2023, Rieter recorded a significant increase in sales of 22.2% to CHF 758.2 million, despite some cancellations or postponements of deliveries as a result of the earthquake in Türkiye. Cyclical market downturns in the individual market segments, which were already apparent in the second half of 2022, led to an order intake of CHF 325.0 million (-62.6%) in the reporting period, lower than in the corresponding period of the previous year.

Order intake in almost all regions was characterized by the reluctance to invest in new machines. Only in China did order intake increase due to investments by spinning mills in improving their local competitiveness. In addition, some customers held back pending investment decisions and waited for the innovations presented at ITMA in Milan in June 2023. At the same time, demand for consumables, wear & tear and spare parts declined due to the global market downturn.

In the first half of 2023, Rieter recorded a significant increase in sales of 22.2% to CHF 758.2 million, despite some cancellations or postponements of deliveries as a result of the earthquake in Türkiye. Cyclical market downturns in the individual market segments, which were already apparent in the second half of 2022, led to an order intake of CHF 325.0 million (-62.6%) in the reporting period, lower than in the corresponding period of the previous year.

Order intake in almost all regions was characterized by the reluctance to invest in new machines. Only in China did order intake increase due to investments by spinning mills in improving their local competitiveness. In addition, some customers held back pending investment decisions and waited for the innovations presented at ITMA in Milan in June 2023. At the same time, demand for consumables, wear & tear and spare parts declined due to the global market downturn.

On June 30, 2023, the company had a high order backlog of around CHF 1 100 million (June 30, 2022: around CHF 2 100 million). This therefore extends into the year 2024. As in the previous year, cancellations in the reporting period were around 5% of the order backlog, also impacted by the effects of the severe earthquake in Türkiye.

In the first half of 2023, Rieter posted a profit of CHF 25.2 million at the EBIT level, with an EBIT margin of 3.3% (first half of 2022: loss of CHF -10.2 million) and a net profit of CHF 13.3 million (first half of 2022: loss of CHF -25.2 million).

“Next Level” performance program planned
The challenging market situation over the past two years was marked by severe disruptions in the global supply chain in conjunction with rising material, energy, labor, and production costs. The current global demand for textile products remains at a low level. To increase long-term value for customers, employees, and shareholders, Rieter, as technology leader, is planning a performance program called “Next Level”. The goal of the program is to strengthen sales excellence, sharpen customer focus, improve cost efficiency in production and optimize fixed cost structures. The one-time cost of the program is anticipated to be around CHF 45 to 50 million, which will have an impact on the second half of 2023. Most of the program initiatives will be implemented before the end of 2023 with a view to achieving an expected impact from as early as 2024. With these measures Rieter is aiming to reduce operating costs by some CHF 80 million per year.

The program includes provisions for the net reduction of around 300 positions throughout the Group in relation to overhead functions. The possibility of further market- and volume-related adjustments in the order of 400 to 600 positions cannot be excluded. At the end of June 2023, Rieter had a global workforce of 5 555 employees.

Outlook
Given the economic situation and the ongoing cyclical market weakness, Rieter continues to expect below-average demand for new equipment in the coming months. A revival is not expected until the fourth quarter of 2023 at the earliest. Rieter also believes that demand for consumables, wear & tear and spare parts will not recover until later in 2023.

For the full year 2023, Rieter expects an EBIT margin of around 5 to 7% (including positive special effects of less than 2%) and sales at the previous year’s level of around CHF 1.5 billion.

Source:

Rieter Management AG

21.07.2023

Digital Textile Printing: Direct-to-Film Technology

In the printing industry, direct-to-film technology is having a transformative impact on the apparel decoration space. It provides a simple and affordable garment printing process that facilitates vibrant, dynamic, full-colour designs with a durable print. It opens up opportunities for digital print service providers (PSPs) to expand their product offerings in the textile industry, their network of potential customers and expand the range of fabrics they can print on.

In the printing industry, direct-to-film technology is having a transformative impact on the apparel decoration space. It provides a simple and affordable garment printing process that facilitates vibrant, dynamic, full-colour designs with a durable print. It opens up opportunities for digital print service providers (PSPs) to expand their product offerings in the textile industry, their network of potential customers and expand the range of fabrics they can print on.

Direct-to-film vs. Screen Printing
Direct-to-film printing is the process of digitally printing directly onto a special transfer film sheet. The printed film is subsequently sprinkled with a hot-melt powder and heated. Once the transfer sheet is cured and dried, it can be heat-pressed onto a variety of fabrics to create premium transferred designs for customised merchandising, sportswear, and an array of other promotional applications for the textile market. Compared with traditional screen printing, the plate creation required for that process is far too time-consuming. Not only this, but it does not match direct-to-film’s ability to produce vivid colours and quality details such as shapes, lettering, and motifs often sought after in the promotional and merchandising space for bespoke textiles.

The Mimaki TxF150-75
Mimaki’s first direct-to-film inkjet printer is the TxF150-75, a fitting extension to the 150 series, with a maximum printing width of 80cm. Offering a stable printing plotter, the model’s built-in ink circulation system and degassed ink pack are resolutions to common direct-to-film challenges such as poor ink ejection and white ink clogging. The new printer also includes core Mimaki features including NCU (Nozzle Check Unit) and NRS (Nozzle Recovery System) for stable, uninterrupted print production. Operating in harmony with the textile printer itself is Mimaki’s ECO PASSPORT by OEKO-TEX® certified water-based pigment textile inks, formulated especially for the TxF150-75. Coupled with Mimaki’s RasterLink7 RIP software, users are offered end-to-end oversight and efficiency from creative design to final product.

In addition, and in line with Mimaki’s collaborative approach to meeting customer needs, Adkins has developed an 80cm wide powder shaker cure unit to complete this ‘A brand’ direct-to-film printing solution. By offering the printer and post-processing unit at 80cm wide, customers can print larger garments with less waste and quicker production times, making the process much more cost effective.