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VDMA: Top young talent with cutting-edge topics  (c) VDMA
The 2021 winners (from top left to right): Dr Martin Hengstermann, Irina Kuznik, Kai-Chieh Kuo.
10.11.2021

VDMA: Top young talent with cutting-edge topics

The Chairman of the Walter Reiners-Stiftung foundation of the VDMA Textile Machinery Association, Peter D. Dornier has awarded prizes to three successful young engineers. The award-winning works provide practical solutions on the topic of circular economy. For example, the recycling of carbon fibres, which are used to produce lightweight components for the automotive industry. Or the environmentally friendly production of yarns from crab shells. Another topic was medical applications: The processing of ultra-fine yarns into stents for aortic repair. The award ceremony took place online on 9 November as part of the Aachen-Dresden-Denkendorf International Textile Conference.  

With a creativity prize, endowed with 3,000 euros, the foundation honoured the diploma thesis of Irina Kuznik, TU Dresden. She used a creative approach to realise solutions for processing chitosan into fibre yarn.

The Chairman of the Walter Reiners-Stiftung foundation of the VDMA Textile Machinery Association, Peter D. Dornier has awarded prizes to three successful young engineers. The award-winning works provide practical solutions on the topic of circular economy. For example, the recycling of carbon fibres, which are used to produce lightweight components for the automotive industry. Or the environmentally friendly production of yarns from crab shells. Another topic was medical applications: The processing of ultra-fine yarns into stents for aortic repair. The award ceremony took place online on 9 November as part of the Aachen-Dresden-Denkendorf International Textile Conference.  

With a creativity prize, endowed with 3,000 euros, the foundation honoured the diploma thesis of Irina Kuznik, TU Dresden. She used a creative approach to realise solutions for processing chitosan into fibre yarn.

Mr Kai-Chieh Kuo was awarded the diploma/master's thesis promotion prize of 3,500 euros. With his master's thesis, which was written at RWTH Aachen University, Mr Kuo contributes to the production of vital components used in medicine. The stents made of ultra-fine yarns are made possible by an innovative modification of the classic tube weaving process.

The Walter Reiners Foundation rewarded the doctoral thesis of Dr. Martin Hengstermann with the promotional prize in the dissertation category, endowed with 5,000 euros. The thesis deals with the production of recycled carbon fibres. These can be used to produce lightweight components for motor vehicle and aircraft construction or the wind energy sector.

New Prize Sustainability / Circular Economy
The environmental conditions of the textile industry and machine construction are changing. Topics such as climate protection and the circular economy are becoming central. From this perspective, the board of the Walter Reiners Foundation has decided to further develop the foundation's prize system.

In 2022, the foundation will for the first time offer a prize with a focus on design / sustainability. Peter D. Dornier, Chairman of the Foundation, explained: "Already in the design phase, one can set the parameters so that a textile product can be reintroduced after use into the economic cycle for a high-quality application. For example, through the appropriate use of materials and finishing. We are looking for solutions for resource-saving design, technology and manufacturing processes."   

(c) Messe Frankfurt Japan Ltd
04.11.2021

IFFT/Interior Lifestyle Living closed its doors after three successful days

IFFT/Interior Lifestyle Living has wrapped up three successful days of business at Tokyo Big Sight’s South Halls. From 18 – 20 October 2021, a total of 11,147 visitors found their way to the fairground. Assembling again for the first time since the pandemic began, 300 exhibitors from five different countries and regions welcomed visitors with an extensive and diverse selection of products in 10,390 sqm of gross exhibition space.

IFFT/Interior Lifestyle Living has wrapped up three successful days of business at Tokyo Big Sight’s South Halls. From 18 – 20 October 2021, a total of 11,147 visitors found their way to the fairground. Assembling again for the first time since the pandemic began, 300 exhibitors from five different countries and regions welcomed visitors with an extensive and diverse selection of products in 10,390 sqm of gross exhibition space.

“As the place where designers set trends and decision makers meet, IFFT/Interior Lifestyle Living has once again proven to be the premier trade fair in Japan for the entire living space,” says Mr Yasushi Kajiwara, Managing Director of Messe Frankfurt Japan Ltd. “After last year’s fair was deferred due to the pandemic, we worked hard to present industry buyers with new impulses and ideas at this edition. This included an additional focus on up-and-coming designers at dedicated zones for new talent.”
 
Fresh talent and green living
With products for the entire living space assembled at the fairground, trade buyers were once again spoilt for choice, but a number of product zones in particular were worthy of special attention.
As a new initiative for 2021, the renowned Japanese architect Mr Keiji Ashizawa gathered prospective new interior designers and their products at the highly anticipated '+Talents' Zones.
 
To maximise connections, a series of fairground tours were also arranged to bring architects closer to the best new designers and their interior products for the Japanese market. A new 'Ethical' Zone was also introduced to spotlight green living, up-cycling, fair trade, and more.

Source:

Messe Frankfurt Japan Ltd / Messe Frankfurt (HK)

Dr. Annegret Vester (c) CHT Germany GmbH
Dr. Annegret Vester
29.10.2021

CHT Germany GmbH: Dr. Annegret Vester is Chief Sustainability Officer (CSO)

As of October 1, 2021, Dr. Annegret Vester has assumed responsibility for sustainability issues of the CHT Group. With the Doctor of Chemistry, the ideal person for the CSO position could be found in many respects.
 
Dr. Vester has many years of experience in the transformation of CHT into today's sustainability-focused chemical company in her positions as Head of Global CHT Marketing and as Head of Strategy and Business Development.

In recent years, she has been responsible for the company's excellent rating in the EcoVadis assessment with regard to corporate social responsibility activities. The realignment of the corporate strategy with the United Nations Sustainable Development Goals (UNSDG) has been one of her tasks, as has the annually published CHT Sustainability Report documenting the measures and successes.

With the appointment of Dr. Vester, the CHT Management Board once again underlines the essential importance of sustainability for the strategic orientation of the globally operating group of companies.

As of October 1, 2021, Dr. Annegret Vester has assumed responsibility for sustainability issues of the CHT Group. With the Doctor of Chemistry, the ideal person for the CSO position could be found in many respects.
 
Dr. Vester has many years of experience in the transformation of CHT into today's sustainability-focused chemical company in her positions as Head of Global CHT Marketing and as Head of Strategy and Business Development.

In recent years, she has been responsible for the company's excellent rating in the EcoVadis assessment with regard to corporate social responsibility activities. The realignment of the corporate strategy with the United Nations Sustainable Development Goals (UNSDG) has been one of her tasks, as has the annually published CHT Sustainability Report documenting the measures and successes.

With the appointment of Dr. Vester, the CHT Management Board once again underlines the essential importance of sustainability for the strategic orientation of the globally operating group of companies.

More information:
CHT Germany GmbH CHT Germany
Source:

CHT Germany GmbH

(c) CHIC / JANDALI
29.10.2021

CHIC fueled fashion business in Shanghai and Shenzhen

  • CHIC Shanghai successfully completed under high safety and hygiene conditions
  • The trend hotspot for the Chinese sales market: Lively interest of more than 20,000 trade visitors in the new collections of the 487 brands at the NECC in Shanghai
  • Sustainability in great demand in all areas
  • CHIC Shenzhen focuses on trading in the strong sales region of South China and the international clusters Hong Kong and Macao: Date postponed from November to December due to current Covid-19 cases in China

The fashion world of China met at the physical event CHIC Shanghai from October 9-11, 2021 at the National Exhibition and Convention Center in Shanghai

487 exhibitors presented themselves in clearly structured segments on 50,000 square meters. Maximum compliance with the security measures determined the course. Against this background the exhibitors welcomed more than 20,000 trade visitors and reported cheerful orders.

The 487 exhibitors were also satisfied with the business activity and reported successful orders.

  • CHIC Shanghai successfully completed under high safety and hygiene conditions
  • The trend hotspot for the Chinese sales market: Lively interest of more than 20,000 trade visitors in the new collections of the 487 brands at the NECC in Shanghai
  • Sustainability in great demand in all areas
  • CHIC Shenzhen focuses on trading in the strong sales region of South China and the international clusters Hong Kong and Macao: Date postponed from November to December due to current Covid-19 cases in China

The fashion world of China met at the physical event CHIC Shanghai from October 9-11, 2021 at the National Exhibition and Convention Center in Shanghai

487 exhibitors presented themselves in clearly structured segments on 50,000 square meters. Maximum compliance with the security measures determined the course. Against this background the exhibitors welcomed more than 20,000 trade visitors and reported cheerful orders.

The 487 exhibitors were also satisfied with the business activity and reported successful orders.

Perfect presentation platform: the CHIC Matching area
The expanded matchmaking events at CHIC were also enthusiastically received.
In total, over 37 matchmaking events took place in the specially set up matching area consisting of several presentation platforms and private negotiation rooms at the fair. From company presentations by industry giants such as Shein, through trade fair tours to selected one-on-one discussions, CHIC brought exhibitors and visitors together in a targeted manner. More than 600 participants have been matched by this CHIC event. Among them visitors such as Shein, Walmart, Wang Yi Yan Xuan, Tiktok, BAILIAN GROUP, LIQUN etc, parts of the organizer's broad network.

Continuing growth: sustainable productions
Sustainability is one of the most important consumer trends in China. CHIC played the theme in all exhibition areas; from womenswear, kidswear and menswear to accessories, sustainable collections were represented in all segments.

Design talent and traditional styles
In the IMPULSES area, innovative designer brands showed inspiring trends, high-quality collections and fashion variety like Kmusso, MIJA or Yu Jian Tian with its new design collection made by natural materials such as mulberry silk and wool, presenting the unique traditional Chinese style.

CHIC Shanghai presented the entire range of the fashion business in a total of 12 exhibition segments. This year's acclaimed visual concept, created by lava beijing, has been awarded the Bronze Award of the Hiiibrand Awards 2021 in the Identity category.

Digital tools and physical events
In addition to the on-site trade fair offer, CHIC is expanding its reach through the consistent use of digital tools. The CHIC app combines all the functions needed for a successful trade fair participation, from the digital trade fair catalog and matchmaking to direct appointments and live chats for all participants who cannot be on site.

The next CHIC in Shanghai will take place in March 2022.

Source:

CHIC / JANDALI

World-renowned marine research institute confirms biodegradability of LENZING™ fibers (c) New York Times/Alexander C. Welsh
Scripps Research Institute
27.10.2021

World-renowned marine research institute confirms biodegradability of LENZING™ fibers

  • Results of experiments conducted by the University of California’s prestigious Scripps Institution of Oceanography in San Diego provide further scientific proof that LENZING™ fibers offer an effective substitute to synthetic fibers that are part of the pressing problem of plastic pollution in our oceans.

Lenzing/San Diego – The Lenzing Group, a world-leading provider of wood-based specialty fibers, has received further scientific proof of the biodegradability of its fibers. In a study published in October 2021 , scientists from the prestigious academic research institute Scripps Institution of Oceanography (SIO) at the University of California, San Diego confirmed that wood-based cellulosic fibers biodegrade in the ocean within a short period of time at the end of their life cycle, making them a better alternative to fossil-based fibers. The research was the result of an independent project trying to understand the “end-of-life” scenarios for textiles and nonwovens discarded in the environment.

  • Results of experiments conducted by the University of California’s prestigious Scripps Institution of Oceanography in San Diego provide further scientific proof that LENZING™ fibers offer an effective substitute to synthetic fibers that are part of the pressing problem of plastic pollution in our oceans.

Lenzing/San Diego – The Lenzing Group, a world-leading provider of wood-based specialty fibers, has received further scientific proof of the biodegradability of its fibers. In a study published in October 2021 , scientists from the prestigious academic research institute Scripps Institution of Oceanography (SIO) at the University of California, San Diego confirmed that wood-based cellulosic fibers biodegrade in the ocean within a short period of time at the end of their life cycle, making them a better alternative to fossil-based fibers. The research was the result of an independent project trying to understand the “end-of-life” scenarios for textiles and nonwovens discarded in the environment.

SIO has a global reputation for being one of the oldest, largest and most important marine research centers worldwide. In this study, SIO compared the degradation processes of nonwovens made from fossil-based synthetic materials such as polyester with those of cellulosic materials such as Lenzing’s wood-based lyocell, modal and viscose fibers in specific scenarios – under various real oceanic conditions and controlled aquaria conditions. The results of these experiments are striking: while wood-based cellulosic fibers fully biodegraded within 30 days, the fossil-based fibers tested were practically unchanged after more than 200 days.

The biodegradability of LENZING™ fibers was also tested in the laboratory of Organic Waste Systems (OWS) in Belgium – one of the world's leading companies in biodegradability and compostability testing – which showed data confirmed by those found with the real-life measurements at Scripps. The OWS assessment was conducted in accordance with applicable international standards and reflects relevant natural and artificial conditions in which biodegradation can occur. Certificates from the certification organization TÜV Austria show that LENZING™ fibers rapidly biodegrade in all test environments (soil, industrial composting, home composting, fresh water and marine water) within the time frames set by the applicable standards.

Lenzing also welcomes the EU’s targeted measures to combat plastic waste in general, such as those relating to the single-use plastic directive (EU) 2019/9043. In its recently adopted guidelines for implementing the directive, the EU Commission stipulates the specific products that fall under this category, which is a well-needed effort to provide clarity to the EU member states for their joint campaign against environmental pollution from plastic waste. Lenzing’s wood-based, biodegradable cellulosic fibers can be part of a sustainable and innovative solution to this man-made problem that will continue to grow. As of July 2021, the single-use plastic directive sets out standardized labelling requirements for certain products, either on packaging or on the products themselves, which include plastic-based feminine hygiene products and wet wipes for body care or household use. This is a start to tackle the problem: educate the consumer and offer alternative materials with better circularity.

With the "SmartTex" shirt, astronauts can wear the necessary sensors comfortably on their bodies. © DLR
SmartTex Shirt
27.10.2021

Research for cosmic missions: SmartTex provides data on vital functions

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.

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

(c) RadiciGroup
25.10.2021

RadiciGroup: Sustainable Personal Protective Equipment at A+A

RadiciGroup is exhibiting at the A+A trade fair, an international event focusing on safety solutions for the workplace, to be held in Dusseldorf, Germany, from 26 to 29 October. This international show gives RadiciGroup the opportunity to present its latest developments in personal protective equipment (PPE) for industrial use, including coveralls, gowns, caps, full hoods, shoe covers and boots.

This international show gives RadiciGroup the opportunity to present its latest developments in  personal protective equipment (PPE) for industrial use, including coveralls, gowns, caps, full hoods, shoe covers and boots. These products are part of a new line, Radipeople, a trade name identifying the new protective workwear sold by RadiciGroup: end products of a traceable supply chain, in which special attention is paid to the choice of raw materials and the quality of the final products offered the market.

RadiciGroup is exhibiting at the A+A trade fair, an international event focusing on safety solutions for the workplace, to be held in Dusseldorf, Germany, from 26 to 29 October. This international show gives RadiciGroup the opportunity to present its latest developments in personal protective equipment (PPE) for industrial use, including coveralls, gowns, caps, full hoods, shoe covers and boots.

This international show gives RadiciGroup the opportunity to present its latest developments in  personal protective equipment (PPE) for industrial use, including coveralls, gowns, caps, full hoods, shoe covers and boots. These products are part of a new line, Radipeople, a trade name identifying the new protective workwear sold by RadiciGroup: end products of a traceable supply chain, in which special attention is paid to the choice of raw materials and the quality of the final products offered the market.

At RadiciGroup, care for the health and safety of people is one of the pillars of the Group's sustainability strategy, combined with a strong commitment to safeguarding the environment. Radipeople Eco, the first protective coverall with 100% end-of-life recyclability is proof of such commitment. All parts of Radipeople Eco: the fabric, lamination, zipper and thread are made of the same material, 100% polypropylene. Furthermore, the Group’s offering includes garments made with Respunsible®, a spundbond obtained from recycled polypropylene or materials certified under the ISCC Plus scheme.

Thanks to their versatility and technical characteristics, the nonwoven solutions proposed by RadiciGroup are suitable for many industrial sectors, including oil and gas, utilities, construction, food, automotive painting and shipbuilding, maintenance, agriculture, laboratories, microprocessor manufacturing and the pharmaceutical and chemical industries.

Radipeople personal protective equipment delivers excellent protection against external agents (liquids, splashes, jets, particles and sprays), high protection against biological hazards and infectious agents, and high robustness and lightness to optimize protection, on the one hand, and comfort, on the other. All Radipeople protective equipment is made of fully traceable materials, manufactured by a totally Italian production chain involving hundreds of workers, and sold in packaging designed with an ecodesign approach, that is, fully recyclable minimized packaging.

Source:

RadiciGroup

(c) INDA
25.10.2021

INDA: Innovations in Hygiene & Personal Care at Hygienix™ 2021

With enthusiastic participant registration and continued strong growth projected in absorbent hygiene & personal care markets, excitement is building for the seventh edition of Hygienix as it returns as an in-person event just weeks away, Nov. 15-18, in Scottsdale, Arizona.

INDA reports that more than 300 participants have signed up to attend the conference with participation expected to approach pre-pandemic levels in the 500 range.

The Hygienix conference program will focus on compelling topics including New Options for a Responsible End-of-Life; Product and Process Innovation in Absorbent Hygiene Products (AHPs); Haptics: Four Approaches to Assessing Feel, and E-Hygiene Advancements; Absorbent Hygiene Products Market Stats, Trends and Policy Insights; Feminine Care: Challenges to the Status Quo; and New Approaches and Unmet Needs in Baby and Incontinence AHPs.

The conference will also feature two nonwovens workshops, a welcome reception and opportunities for 60 tabletop displays with receptions.

With enthusiastic participant registration and continued strong growth projected in absorbent hygiene & personal care markets, excitement is building for the seventh edition of Hygienix as it returns as an in-person event just weeks away, Nov. 15-18, in Scottsdale, Arizona.

INDA reports that more than 300 participants have signed up to attend the conference with participation expected to approach pre-pandemic levels in the 500 range.

The Hygienix conference program will focus on compelling topics including New Options for a Responsible End-of-Life; Product and Process Innovation in Absorbent Hygiene Products (AHPs); Haptics: Four Approaches to Assessing Feel, and E-Hygiene Advancements; Absorbent Hygiene Products Market Stats, Trends and Policy Insights; Feminine Care: Challenges to the Status Quo; and New Approaches and Unmet Needs in Baby and Incontinence AHPs.

The conference will also feature two nonwovens workshops, a welcome reception and opportunities for 60 tabletop displays with receptions.

Hygienix Innovation Award Finalists
Among the conference highlights will be the selection of the Hygienix Innovation Award™. The three finalists are all tapping into key trends that are driving growth in this segment – innovation and sustainability – with products that promote health and a healthy environment.

Award finalists making presentations include:

  • Expandable Core Wrap from Curt G. Joa, Inc. – Chris Nelson, Business Development Manager, will provide an overview of this new patent-pending expandable core wrap design that allows the core to expand within the containment wrap as the product is insulted, regardless of the blended fluff and Superabsorbent Polymer (SAP) ratio.    
  • GlatPure™ Back Sheet from Glatfelter – Vishal Bansal, Ph.D., Vice President, Innovation, will share how this product differs from most back sheets in today’s market that are made from plastic film and nonwovens such as Polyethylene (PE).
  • Kudos Diapers from Kudos – According to Kudos Founder & CEO Amrita Saigal, a typical baby spends over 22,000 hours in diapers before potty training, making the material that touches their skin matter. Kudos is the first and only disposable diaper where baby’s bottom touches 100 percent doctor-recommended, carbon-negative, sensitive-skin-friendly cotton all day versus fossil-fuel-derived plastic
Intertextile Shanghai Home Textiles provided vital business platform (c) Messe Frankfurt (HK) Co Ltd
25.10.2021

Intertextile Shanghai Home Textiles provided vital business platform

Intertextile Shanghai Home Textiles concluded its 27th autumn edition in early October. Held alongside four other concurrent textile shows, the fair was the only major event for this sector able to take place in China during this season, providing a much-needed business platform for 735 exhibitors and 20,106 trade buyers. The fair was held at the National Exhibition and Convention Center (Shanghai).

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd expressed: “Due to the valuable cooperation of many parties and the continued support of our exhibitors and other partners, we were able to hold the fair as scheduled despite a number of challenges. Since the pandemic situation was brought under control in China last year, we have expended considerable resources to ensure our textile fairs still take place to provide trading platforms that connect the global industry. This edition was especially important as it was the only major fair to take place in the country at this time.”

Intertextile Shanghai Home Textiles concluded its 27th autumn edition in early October. Held alongside four other concurrent textile shows, the fair was the only major event for this sector able to take place in China during this season, providing a much-needed business platform for 735 exhibitors and 20,106 trade buyers. The fair was held at the National Exhibition and Convention Center (Shanghai).

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd expressed: “Due to the valuable cooperation of many parties and the continued support of our exhibitors and other partners, we were able to hold the fair as scheduled despite a number of challenges. Since the pandemic situation was brought under control in China last year, we have expended considerable resources to ensure our textile fairs still take place to provide trading platforms that connect the global industry. This edition was especially important as it was the only major fair to take place in the country at this time.”

While a number of international exhibitors participated this year with individual booths, the Belgium Pavilion presented home and contract products and five Chinese regional pavilions from Hangzhou, Shaoxing, Huzhou, Haining, and Tongxiang also featured. Two trend forums also provided inspiration for 2022, while the IKASAS Japanese Home Design Gallery, New Voices of Top Youth Upholstery Designers City Roving Exhibition and China International Fiber Art Exhibition gave further insights into various aspects of the industry.

Fair’s fringe programme highlights sustainability, design and more
As with all of Messe Frankfurt’s textile fairs around the world, sustainability is a big focus. A number of events under this focus took place in the fair’s fringe programme, including a half day forum titled How Sustainable Fashion is Reshaping Lifestyles, with a range of innovative companies and prestigious universities participating as speakers.

The Design Talk session featured a series of presentations from leading international designers, including from China, Japan and Europe, to share their design insights. And a new concept this year, titled New Voices of Top Youth Upholstery Designers – Intertextile Upholstery Design and City Roving Exhibition, showcased the work of six groups of young local designers from across China who presented the interior design ideas of their generation through displays and a forum. And reflecting the changes that continue to accelerate in the industry, a number of e-commerce and cross-border trade events took place, including sessions from the likes of JD Home, AliExpress and Tmall.

The 2022 Intertextile Shanghai Home Textiles – Spring Edition will take place from 9 – 11 March, while the Autumn Edition is scheduled for 23 – 25 August 2022.

25.10.2021

TMAS members showcase sustainable finishing technologies

Members of TMAS – the Swedish textile machinery association – are proving instrumental in pioneering new sustainable processes for the dyeing, finishing and decoration of textiles.

The wasteful processes involved in these manufacturing stages are only one component in the development of viable circular supply chains for textiles that are now being established in Sweden.

At the recent Conference on Sustainable Finishing of Textiles, held across three separate afternoons on September 30th, October 1st and October 7th, delegates heard that Sweden will introduce extended producer responsibility (EPR) for waste textiles and clothing at the beginning of 2022, ahead of the adoption of a similar European Union-wide EPR system in 2025.

New fibers
Swedish companies are also active in the development of new fibers derived from waste clothing, building on the country’s legacy leadership in pulp and paper production.

Members of TMAS – the Swedish textile machinery association – are proving instrumental in pioneering new sustainable processes for the dyeing, finishing and decoration of textiles.

The wasteful processes involved in these manufacturing stages are only one component in the development of viable circular supply chains for textiles that are now being established in Sweden.

At the recent Conference on Sustainable Finishing of Textiles, held across three separate afternoons on September 30th, October 1st and October 7th, delegates heard that Sweden will introduce extended producer responsibility (EPR) for waste textiles and clothing at the beginning of 2022, ahead of the adoption of a similar European Union-wide EPR system in 2025.

New fibers
Swedish companies are also active in the development of new fibers derived from waste clothing, building on the country’s legacy leadership in pulp and paper production.

At the Sustainable Finishing of Textiles Conference, however, it was said that all of the environmental gains made by such sustainable new fibers can potentially be cancelled out in the further processing they are subjected to – and especially in resource-intensive conventional dyeing, finishing and decoration.

TMAS members Baldwin Technology and Coloreel have both developed solutions to address this issue.

TexCoat G4
During the conference, Baldwin’s VP of Global Business Development Rick Stanford explained that his company’s TexCoat G4 non-contact spray technology significantly reduces water, chemistry and energy consumption in the finishing process. It consistently and uniformly sprays chemistry across a fabric surface and applies it only where needed, on one or both sides.

Instant coloring
Coloreel’s CEO Mattias Nordin outlined the benefits of his company’s technology which enables the high-quality and instant coloring of a textile thread on-demand and can be paired with any existing embroidery machine without modification. This enables unique effects like shades and gradient to be achieved in an embroidery for the first time.

22.10.2021

VDMA Textile Machinery publishes position paper

In a position paper published on 22 October 2021, the companies organised in the VDMA Textile Machinery Association welcome the ambitions of the EU to promote climate protection, in particular the approach of combining the goals for the EU textile and clothing industry into a sector-specific strategy.

Up to now, the increasing textile consumption around the world, due to growing population and purchasing power has been accompanied by a rising use of resources. “The textile machinery companies organised in the VDMA are geared towards a functioning circular economy. With our highly efficient technologies we are an indispensable partner in this transition process”, explained Regina Brückner, Chairwoman of the VDMA Textile Machinery Association and Managing Associate of Brückner Trockentechnik.  

In a position paper published on 22 October 2021, the companies organised in the VDMA Textile Machinery Association welcome the ambitions of the EU to promote climate protection, in particular the approach of combining the goals for the EU textile and clothing industry into a sector-specific strategy.

Up to now, the increasing textile consumption around the world, due to growing population and purchasing power has been accompanied by a rising use of resources. “The textile machinery companies organised in the VDMA are geared towards a functioning circular economy. With our highly efficient technologies we are an indispensable partner in this transition process”, explained Regina Brückner, Chairwoman of the VDMA Textile Machinery Association and Managing Associate of Brückner Trockentechnik.  

In the new position paper, the executive board of the VDMA Textile Machinery Association emphasises that the new framework must be practicable. Ms Brückner said: “The EU must strike the right balance between necessary, yet also minimal, legislative regulation. A successful transition requires a level playing field which sets out fair rules for sustainability, thereby enabling European companies to nonetheless increase their international competitiveness.”

You can find the complete position paper in the attachment.

Source:

VDMA e. V

21.10.2021

Talking about Water Conservation with Officina+39

On 21st October the Managing Director of Officina+39 Andrea Venier has joined a panel discussion in the prestigious arena of the Kingpins24 Digital Show. He contributed to the discussion with his and Officina+39’s point of view on “Water Conservation”, together with Emrah Özkorkmaz from Bregla and Taimur Malik from Stylers International, with Edward Hertzman from Sourcing Journal & Rivet as moderator.

Water crisis remains one of the top issues for humanity and 90% of the world's natural disasters are related to water. Officina+39 has been working hard to rethink the way water is used throughout the denim processes: Andrea's contribution emphasized the company’s practical and consolidated experience in this field, as in recent years their main objective has been to drastically reduce water use in line with UN SDG6.

On 21st October the Managing Director of Officina+39 Andrea Venier has joined a panel discussion in the prestigious arena of the Kingpins24 Digital Show. He contributed to the discussion with his and Officina+39’s point of view on “Water Conservation”, together with Emrah Özkorkmaz from Bregla and Taimur Malik from Stylers International, with Edward Hertzman from Sourcing Journal & Rivet as moderator.

Water crisis remains one of the top issues for humanity and 90% of the world's natural disasters are related to water. Officina+39 has been working hard to rethink the way water is used throughout the denim processes: Andrea's contribution emphasized the company’s practical and consolidated experience in this field, as in recent years their main objective has been to drastically reduce water use in line with UN SDG6.

Andrea pointed out how “fashion industry is still currently deeply rooted in a linear approach: make, use, dispose.” Accordingly to Andrea and Officina+39, the fashion world is becoming aware of this reality and is trying to reinvent itself in order to decrease the use of this precious resource and its negative impacts but there is still work to do in order to redesign a better sustainable model, where circularity should represent the new sustainability: circularity not only when it comes to the materials, but also to water.

In the textile industry water is used as the vehicle for colors and chemical auxiliaries but luckily today many technologies aim at significantly reducing water consumption. Officina+39 is really focused on this target: Andrea explained that “Officina+39 has developed the AQUALESS MISSION, a process suitable for conventional machines that leads to a 75% reduction of the water typically used in denim and garment laundry processes, using a waterless technology and saving costs for producers.”

Despite the start-up cost of investing in the development of sustainable technologies may discourage some in the industry, it is about time to realize that these actions cannot be delayed and that we will increasingly hear about water scarcity, water stress and water risk.

Andrea stated: “It is necessary to develop water management strategies and systems in any company: today there is ISO 14000 related to environmental management, but I believe that governments, brands and related organisations should think about an ISO related just to water management. In this way, every company can understand how much value can be generated in the medium-term and how much money could be saved by investing in this kind of technologies. To create new standards related to water management, we must change the approach.”

Source:

Officina+39 / Menabò

(c) adidas AG
Free Hiker Made To Be Remade FW21
21.10.2021

adidas: Journey to Circularity with FW 2021 Collection

2050 is the year when adidas plans to achieve climate neutrality. It’s also the year when it’s expected that our oceans will contain more plastic than fish, that is, if we don’t act now. Adidas' solution to help end plastic waste and achieve climate neutrality? Sustainable innovation.

Last year adidas announced the Three Loop Strategy – their roadmap to help end plastic waste. At the heart of this is Circular Loop – Made To Be Remade.

The concept behind Made To Be Remade (MTBR) is simple: when one piece of plastic has fulfilled its purpose, it must be remade to fulfil another. Their attitude is that the end of one thing equates to the beginning of the next, and that their products’ lives can be extended by remaking them into new products.

Adidas' Circular Loop creation process has come a long way since they introduced FUTURECRAFT.LOOP – their first running shoe made to be remade – in 2019. From what started as a beta program of just 200 pairs has developed into a concept within the business that spans across multiple categories and in April this year saw the first commercial launch – Ultraboost Made To Be Remade.

2050 is the year when adidas plans to achieve climate neutrality. It’s also the year when it’s expected that our oceans will contain more plastic than fish, that is, if we don’t act now. Adidas' solution to help end plastic waste and achieve climate neutrality? Sustainable innovation.

Last year adidas announced the Three Loop Strategy – their roadmap to help end plastic waste. At the heart of this is Circular Loop – Made To Be Remade.

The concept behind Made To Be Remade (MTBR) is simple: when one piece of plastic has fulfilled its purpose, it must be remade to fulfil another. Their attitude is that the end of one thing equates to the beginning of the next, and that their products’ lives can be extended by remaking them into new products.

Adidas' Circular Loop creation process has come a long way since they introduced FUTURECRAFT.LOOP – their first running shoe made to be remade – in 2019. From what started as a beta program of just 200 pairs has developed into a concept within the business that spans across multiple categories and in April this year saw the first commercial launch – Ultraboost Made To Be Remade.

Ultraboost Made To Be Remade will see the next generation released in November this year (2021). The shoe will be created in part from the previous generation. Featuring a torsion bar that contains 25% reused content from the Futurecraft Loop Gen 2.

W21 will see another adidas icon join the MTBR family - Stan Smith Made To Be Remade. Just like the Ultraboost model, Stan Smith MTBR has been created entirely from TPU – from laces to midsole and everything in between.

Adidas’s best-loved Outdoor products are also receiving the MTBR treatment. Alongside Stan Smith MTBR, October will welcome the TERREX Free Hiker Made To Be Remade, featuring a TPU knitted upper and TPU outsole, making it the first TERREX hiking shoe to use the technology. The shoe will be accompanied by the launch of the TERREX Made To Be Remade Anorak – their second-generation prototype following on from the FW20 FUTURECRAFT.LOOP Anorak, which will be commercially available in 2022.

Source:

adidas AG

Reifenhäuser Enka Tecnica mit High-End-Komponenten auf der INDEX (c) Reifenhäuser
19.10.2021

Reifenhäuser Enka Tecnica exhibits high-end components at INDEX

Reifenhäuser Enka Tecnica will exhibit its wide range of replacement components for spunbond, meltblown, and composite lines at the world's leading nonwovens trade show INDEX in Geneva from October 19 to 22, 2021. The highly specialized custom manufacturer offers high-end technology "Made in Germany" that is 100% compatible with all globally installed lines.

Producers of nonwovens worldwide rely on Enka Tecnica components to manufacture products for complex applications in hygiene, medical or filtration to provide them with access to new profitable markets. Trade-show visitors will gain a detailed insight into the entire range of products, from meltblown and spunbond spinnerets to meltblown cassettes and complete meltblown spinning beams designed with an energy concept optimized for sustainability. The tips and capillaries assure consistent product quality and precision, allowing producers to meet their tolerance specifications reliably and avoid scrap at the same time..

Reifenhäuser Enka Tecnica will exhibit its wide range of replacement components for spunbond, meltblown, and composite lines at the world's leading nonwovens trade show INDEX in Geneva from October 19 to 22, 2021. The highly specialized custom manufacturer offers high-end technology "Made in Germany" that is 100% compatible with all globally installed lines.

Producers of nonwovens worldwide rely on Enka Tecnica components to manufacture products for complex applications in hygiene, medical or filtration to provide them with access to new profitable markets. Trade-show visitors will gain a detailed insight into the entire range of products, from meltblown and spunbond spinnerets to meltblown cassettes and complete meltblown spinning beams designed with an energy concept optimized for sustainability. The tips and capillaries assure consistent product quality and precision, allowing producers to meet their tolerance specifications reliably and avoid scrap at the same time..

With its refresh service for refurbishing used components, Enka Tecnica not only offers a cost-efficient alternative to new parts, but also extremely fast delivery times, a factor that is often decisive to maintain daily production targets. Visitors to Geneva will be able to see the quality of refresh components displayed at the booth - a meltblown and a spunbond spinneret, half of which has been refurbished. They will be able to see the condition of the capillary holes before and after the refresh through a microscope.

Another trade show highlight includes jet strips for hydroentangling nonwovens. Depending on the application, they are offered in Smart, Advanced, and Premium versions and have a special unique selling point – the strips are fully hardened, whereas competitor products usually only have a hardened surface. This quality advantage results in significantly longer service lives, which is why they are also known on the market as "The World's Hardest Strips”.

Source:

Reifenhäuser GmbH & Co. KG Maschinenfabrik

19.10.2021

Teijin to boost Heat-Resistant Carbon Fiber Prepreg Production

Teijin Limited announced today that its carbon fiber subsidiary Renegade Materials Corporation, a leading U.S.-based supplier of highly heat-resistant thermoset prepregs, resins and adhesives for the aerospace industry, will expand its prepreg production by 2.5 times approximately. The increased capacity, which aligns with Renegade’s capacity expansion strategy at the Miamisburg, Ohio location, is the result of a USD 4 million investment made in December 2019 and the construction was started in March 2020. Operation of the new production lines will commence January 2022.

Renegade Materials' heat-resistant thermoset prepregs, resins and adhesives are well trusted by U.S. and European aircraft manufacturers and aircraft engine suppliers.

Renegade Materials will showcase its high heat-resistant thermoset prepreg at the Composites and Advanced Materials Expo (CAMX), one of the largest, most comprehensive composites and advanced materials event in North America, at the Dallas Convention Center in Dallas, Texas, from October 19 to 21.

Teijin Limited announced today that its carbon fiber subsidiary Renegade Materials Corporation, a leading U.S.-based supplier of highly heat-resistant thermoset prepregs, resins and adhesives for the aerospace industry, will expand its prepreg production by 2.5 times approximately. The increased capacity, which aligns with Renegade’s capacity expansion strategy at the Miamisburg, Ohio location, is the result of a USD 4 million investment made in December 2019 and the construction was started in March 2020. Operation of the new production lines will commence January 2022.

Renegade Materials' heat-resistant thermoset prepregs, resins and adhesives are well trusted by U.S. and European aircraft manufacturers and aircraft engine suppliers.

Renegade Materials will showcase its high heat-resistant thermoset prepreg at the Composites and Advanced Materials Expo (CAMX), one of the largest, most comprehensive composites and advanced materials event in North America, at the Dallas Convention Center in Dallas, Texas, from October 19 to 21.

Source:

Teijin Carbon Europe GmbH

18.10.2021

SABIC presents new Portfolio for Nonwovens at INDEX

SABIC has announced that the newly formed Hygiene & Healthcare segment of its Petrochemicals business will showcase its extensive portfolio of SABIC PURECARES™ polypropylene (PP) and polyethylene (PE) polymers for high-purity nonwovens and hygiene films at the upcoming INDEX™ Expo in Geneva, Switzerland, from October 19 through 22, 2021. The company will also present enabling solutions developed with partners to address the issue of plastic waste and support the transformation of the industry towards a circular economy with closed-loop initiatives and certified circular polymers under its TRUCIRCLE™ portfolio and services.

SABIC has announced that the newly formed Hygiene & Healthcare segment of its Petrochemicals business will showcase its extensive portfolio of SABIC PURECARES™ polypropylene (PP) and polyethylene (PE) polymers for high-purity nonwovens and hygiene films at the upcoming INDEX™ Expo in Geneva, Switzerland, from October 19 through 22, 2021. The company will also present enabling solutions developed with partners to address the issue of plastic waste and support the transformation of the industry towards a circular economy with closed-loop initiatives and certified circular polymers under its TRUCIRCLE™ portfolio and services.

During INDEX, SABIC will exhibit a wide range of PP polymers targeted at these needs. Highlights on display will include dedicated PP and PE grades for lightweight nonwoven fabrics using the latest spunbond and meltblown processes, and a new ultra-high melt flow PP product engineered for meltblown fibers in nonwoven fabrics. The nonwoven focus will be complemented by industry proven polyolefins for cast and blown film applications in hygiene webs and laminates, providing desirable back and top sheet properties such as water tightness, breathability and elasticity.

In addition, SABIC will also present ISCC Plus certified fiber and film polymers based on circular and renewable PP and PE polymer technology as part of the company’s TRUCIRCLE portfolio for advancing the transformation of the plastics industry from a linear to a truly circular economy. Examples of this comprehensive initiative include collaborations with various market leaders in the field. Together with Fibertex Personal Care, one of the world’s largest manufacturers of spunbond nonwovens for the hygiene industry, SABIC is creating a range of high-purity nonwovens for the hygiene market using ISCC PLUS certified circular PP polymer derived from post-consumer plastic waste. In another project, Fraunhofer Institute, SABIC and Procter & Gamble (P&G) joined forces to develop and demonstrate the feasibility of an advanced close-loop recycling process for used nonwoven facemasks.

Source:

SABIC / Marketing Solutions NV

18.10.2021

RadiciGroup at INDEX with new nonwovens

RadiciGroup's nonwoven innovations are on display at the INDEX trade fair, to be held from 19 to 22 October 2021 in Geneva, Switzerland. Active in the spunbond production business for more than 30 years with the dylar® product line, the Group is introducing Respunsible®, a reduced environmental impact spunbond made from recycled polypropylene, and radimelt™, the brand name for the Group’s line of meltblown nonwovens and composite materials (e.g., SMS).

Respunsible® is a spunbond made from recycled polypropylene, a material appreciated for its chemical properties and its versatility. Its high technical performance makes it suitable for any application, even the most demanding ones in terms of resistance and duration.

Radimelt™ is the brand name identifying the Group’s meltblown nonwovens, materials used for the manufacture of protective face masks and other personal protective equipment (PPE). This nonwoven fabric has excellent filtration performance even for microscopic particles, such as viruses, and ensures breathability and protection.

RadiciGroup's nonwoven innovations are on display at the INDEX trade fair, to be held from 19 to 22 October 2021 in Geneva, Switzerland. Active in the spunbond production business for more than 30 years with the dylar® product line, the Group is introducing Respunsible®, a reduced environmental impact spunbond made from recycled polypropylene, and radimelt™, the brand name for the Group’s line of meltblown nonwovens and composite materials (e.g., SMS).

Respunsible® is a spunbond made from recycled polypropylene, a material appreciated for its chemical properties and its versatility. Its high technical performance makes it suitable for any application, even the most demanding ones in terms of resistance and duration.

Radimelt™ is the brand name identifying the Group’s meltblown nonwovens, materials used for the manufacture of protective face masks and other personal protective equipment (PPE). This nonwoven fabric has excellent filtration performance even for microscopic particles, such as viruses, and ensures breathability and protection.

18.10.2021

Avgol talks to Biotransformation Technology in Nonwovens at Index 2020

Avgol®, an Indorama Ventures company and manufacturer of high performance nonwoven fabric solutions, will be showcasing its latest work in biotransformation technology for polyolefin fibers and nonwoven fabrics at this year’s IndexTM 20 exhibition.
Avgol will be discussing the global challenge of eliminating incineration, landfill, dumping and, in particular, fugitive material pollution from non-woven products.

natureFIT™ is the newest innovation in the Avgol technology platform designed to imbue nonwoven fabrics with additional qualities and benefits that anticipate the shifting demands of the consumer-led retail space. The suite of fabric solutions is focused on replacing elements of spun melt fabric design, where possible, with natural alternatives. The advanced technology affords product designers a significant reduction in polymer consumption to reduce environmental impact while simultaneously enhancing softness and conformability.

The Index 20 expo will be held on 19 – 22nd October 2021 at Palexpo Geneva.

Avgol®, an Indorama Ventures company and manufacturer of high performance nonwoven fabric solutions, will be showcasing its latest work in biotransformation technology for polyolefin fibers and nonwoven fabrics at this year’s IndexTM 20 exhibition.
Avgol will be discussing the global challenge of eliminating incineration, landfill, dumping and, in particular, fugitive material pollution from non-woven products.

natureFIT™ is the newest innovation in the Avgol technology platform designed to imbue nonwoven fabrics with additional qualities and benefits that anticipate the shifting demands of the consumer-led retail space. The suite of fabric solutions is focused on replacing elements of spun melt fabric design, where possible, with natural alternatives. The advanced technology affords product designers a significant reduction in polymer consumption to reduce environmental impact while simultaneously enhancing softness and conformability.

The Index 20 expo will be held on 19 – 22nd October 2021 at Palexpo Geneva.

Source:

Avgol / PHD Marketing Ltd

(c) Reifenhäuser
18.10.2021

Reifenhäuser Reicofil exhibits sustainable nonwovens at INDEX

Reifenhäuser Reicofil will exhibit at the world's leading nonwovens trade show INDEX in Geneva from October 19 to 22, 2021. Under the slogan "Living Nonwovens", the nonwoven line specialist will showcase solutions for the production of sustainable nonwovens for a wide range of applications.

Sustainable nonwoven production starts with the amount of material used - the less raw material needed, the better. The "Reicofil 5x" line series is specialized in this application and achieves fabric weights of 8 gsm (grams per square meter) or even less through efficient downgauging, even on 1000 m/min Composite lines containing 3 Spunbond beams.

In addition, Reicofil customers can reduce the use of fossil raw materials on request by processing biobased raw materials as an ecological alternative - for example for diapers. The topsheet material, made of bulky, soft, and industrially compostable high-loft nonwovens, meets maximum hygiene requirements at the same time.

Reifenhäuser Reicofil will exhibit at the world's leading nonwovens trade show INDEX in Geneva from October 19 to 22, 2021. Under the slogan "Living Nonwovens", the nonwoven line specialist will showcase solutions for the production of sustainable nonwovens for a wide range of applications.

Sustainable nonwoven production starts with the amount of material used - the less raw material needed, the better. The "Reicofil 5x" line series is specialized in this application and achieves fabric weights of 8 gsm (grams per square meter) or even less through efficient downgauging, even on 1000 m/min Composite lines containing 3 Spunbond beams.

In addition, Reicofil customers can reduce the use of fossil raw materials on request by processing biobased raw materials as an ecological alternative - for example for diapers. The topsheet material, made of bulky, soft, and industrially compostable high-loft nonwovens, meets maximum hygiene requirements at the same time.

For industrial applications, high-strength nonwovens can be processed even from up to 90% PET flakes from post-consumer waste. This is how Reicofil shows ways to combine sustainability and high-performance nonwovens.

In the medical sector, the line manufacturer will also be exhibiting its leading solutions for high-barrier medical protective clothing. In addition, meltblown nonwovens for face masks - still in great demand in many regions due to Covid - provide reliable safety and are helping to combat the pandemic worldwide. Reicofil technology therefore guarantees maximum safety, with filtration efficiencies of up to 99% (N99 / FFP3 standard), minimum quality fluctuations, and extremely high line availability at the same time.

With the current RF5 machine generation, Reicofil also sets benchmarks in terms of quality, performance, availability, efficiency, and machine intelligence - for challenging applications in hygiene, medical, and industrial sectors.

More information:
INDEX Reifenhäuser
Source:

Reifenhäuser GmbH & Co. KG

14.10.2021

adidas launches new share buyback

Through its new strategy ‘Own the Game’ adidas expects to generate substantial cumulative free cash flow until 2025. The company plans to share the majority of it – between € 8 and € 9 billion – with its shareholders through dividend pay-outs as well as through share buybacks. In this context, adidas had launched a share buyback program in July which was completed successfully at the end of September. Between July 1 and September 30, 2021, the company bought back 1,851,522 shares for a total amount of € 550 million.

Against this background, the Executive Board, with approval of the Supervisory Board, has decided to launch an additional share buyback program. Starting on October 18, 2021, the company plans to buy back shares worth € 450 million until the end of the year. Taking into consideration the share buyback completed at the end of September, adidas will buy back shares in a total amount of € 1 billion in 2021. Including the dividend payment of € 585 million in May, the company will return nearly € 1.6 billion to its shareholders this year.

Through its new strategy ‘Own the Game’ adidas expects to generate substantial cumulative free cash flow until 2025. The company plans to share the majority of it – between € 8 and € 9 billion – with its shareholders through dividend pay-outs as well as through share buybacks. In this context, adidas had launched a share buyback program in July which was completed successfully at the end of September. Between July 1 and September 30, 2021, the company bought back 1,851,522 shares for a total amount of € 550 million.

Against this background, the Executive Board, with approval of the Supervisory Board, has decided to launch an additional share buyback program. Starting on October 18, 2021, the company plans to buy back shares worth € 450 million until the end of the year. Taking into consideration the share buyback completed at the end of September, adidas will buy back shares in a total amount of € 1 billion in 2021. Including the dividend payment of € 585 million in May, the company will return nearly € 1.6 billion to its shareholders this year.

“The decision to launch an additional share buyback program reflects our strong financial profile as well as the successful start of the execution of our strategy ‘Own the Game’,” said Harm Ohlmeyer, CFO of adidas. “Regular share buybacks and dividends in the amount of between € 8 and € 9 billion are a key component of ‘Own the Game’. They will be complemented by returning the majority of the cash proceeds from the Reebok divestiture to our shareholders after closing of the transaction.”  

adidas intends to cancel most of the repurchased shares, which would reduce the number of shares and the share capital accordingly.

More information:
adidas
Source:

adidas AG