From the Sector

With the aim to help the denim industry reduce the environmental impact of its wastewater and move towards circularity, Archroma, G-Star RAW and Advance Denim have renewed their joint commitment to the production of aniline-free denim apparel based on Archroma’s DENISOL® PURE INDIGO 30.

Their joint aim is to produce high-quality denim in authentic blue shades without the aniline impurity carried through from the synthesis of standard synthetic indigo. In traditional denim production, this aniline remains bound with the indigo pigment on the fabric; the remaining aniline is discharged during the dyeing and washing process. This can be a problem because aniline is toxic to aquatic life and two-thirds of aniline waste currently ends up in wastewater discharge where it could potentially pollute waterways and the ocean.

Archroma developed DENISOL® PURE INDIGO 30 to answer this key challenge. A 30% pre-reduced indigo solution, DENISOL® PURE INDIGO 30 makes it possible to produce indigo-dyed denim without aniline impurities throughout the process.

Easy to use with automated dosing, DENISOL® PURE INDIGO 30 reduces the water needed for preparation, washing and wastewater treatment compared to indigo grains. It also reduces hazardous chemical consumption while allowing high reproducibility and creating the authentic and iconic deep indigo shades traditionally associated with denim.

G-Star RAW is working towards making 20% of its entire collection from Cradle to Cradle Certified® fabrics by 2025. Its partnership with Archroma and Advance Denim contributes to this goal, since the aniline-free DENISOL® holds a Gold Level Material Health Certificate from the Cradle to Cradle Products Innovation Institute. DENISOL® PURE INDIGO 30 is also compliant with other eco-standards and the requirements of leading retailers and brands.

Advance Denim, G-Star RAW and Archroma have previously collaborated to launch collections based on Archroma’s EarthColors® technology, which upcycles plant waste from the herbal industry to create sustainable colorways.

INDA is warmly remembering CK Wong, a veteran of the nonwovens industry for more than five decades and long-time member of INDA’s Board of Directors and Executive Committee. Wong passed away on March 22, 2024 at the age of 86.

Wong recognized the importance of the emerging nonwovens industry in the early 1970s. He began his career in the 1980s as a marketing consultant and, one year later, Wong set up his corporate headquarters in Hong Kong to convert nonwoven roll goods into disposable medical and industrial protection products. Over the past 35 years, Wong’s business grew to include household, beauty salon, sports applications, and other value-added products.

In 1994 Wong’s company officially became U.S. Pacific Nonwovens Industry Limited. His business expanded with a new converting plant in Dongguan, China, and in 2007 he invested in an adjacent building to handle his growing business. In 2018 Wong’s business broadened to include manufacturing PLA nonwovens. In addition to converted products, Wong’s business provided sales, service, and training for nonwovens equipment.

Wong was an active member at INDA since the late 90s. He served as Vice Chair of Finance on the Board of Directors for many years before becoming an Appointee on INDA’s Executive Committee. Wong was instrumental in helping INDA set up partnerships with key contacts and associations in China. He was also the Honorable Chairman for the Guangdong Nonwovens Association (GDNA) and the China Nonwovens & Industrial Textiles Association (Spunbond Division).

The “Cellulose Fibres Conference 2024” held in Cologne on 13-14 March demonstrated the innovative power of the cellulose fibre industry. Several projects and scale-ups for textiles, hygiene products, construction and packaging showed the growth and bright future of this industry, supported by the policy framework to reduce single-use plastic products, such as the Single Use Plastics Directive (SUPD) in Europe.

40 international speakers presented the latest market trends in their industry and illustrated the innovation potential of cellulose fibres. Leading experts introduced new technologies for the recycling of cellulose-rich raw materials and gave insights into circular economy practices in the fields of textiles, hygiene, construction and packaging. All presentations were followed by exciting panel discussions with active audience participation including numerous questions and comments from the audience in Cologne and online. Once again, the Cellulose Fibres Conference proved to be an excellent networking opportunity to the 214 participants and 23 exhibitors from 27 countries. The annual conference is a unique meeting point for the global cellulose fibre industry.  

For the fourth time, nova-Institute has awarded the “Cellulose Fibre Innovation of the Year” Award at the Cellulose Fibres Conference. The Innovation Award recognises applications and innovations that will lead the way in the industry’s transition to sustainable fibres. Close race between the nominees – “The Straw Flexi-Dress” by DITF & VRETENA (Germany), cellulose textile fibre from unbleached straw pulp, is the winning cellulose fibre innovation 2024, followed by HONEXT (Spain) with the “HONEXT® Board FR-B (B-s1, d0)” from fibre waste from the paper industry, while TreeToTextile (Sweden) with their “New Generation of Bio-based and Resource-efficient Fibre” won third place.

Prior to the event, the conference advisory board had nominated six remarkable innovations for the award. The nominees were neck and neck, when the winners were elected in a live vote by the audience on the first day of the conference.

First place
DITF & VRETENA (Germany): The Straw Flexi-Dress – Design Meets Sustainability
The Flexi-Dress design was inspired by the natural golden colour and silky touch of HighPerCell® (HPC) filaments based on unbleached straw pulp. These cellulose filaments are produced using environmentally friendly spinning technology in a closed-loop production process. The design decisions focused on the emotional connection and attachment to the HPC material to create a local and circular fashion product. The Flexi-Dress is designed as a versatile knitted garment – from work to street – that can be worn as a dress, but can also be split into two pieces – used separately as a top and a straight skirt. The top can also be worn with the V-neck front or back. The HPC textile knit structure was considered important for comfort and emotional properties.

Second place
Honext Material (Spain): HONEXT® Board FR-B (B-s1, d0) – Flame-retardant Board made From Upcycled Fibre Waste From the Paper Industry
HONEXT® FR-B board (B-s1, d0) is a flame-retardant board made from 100 % upcycled industrial waste fibres from the paper industry. Thanks to innovations in biotechnology, paper sludge is upcycled – the previously “worthless” residue from paper making – to create a fully recyclable material, all without the use of resins. This lightweight and easy-to-handle board boasts high mechanical performance and stability, along with low thermal conductivity, making it perfect for various applications in all interior environments where fire safety is a priority. The material is non-toxic, with no added VOCs, ensuring safety for both people and the planet. A sustainable and healthy material for the built environment, it achieves Cradle-to-Cradle Certified GOLD, and Material Health CertificateTM Gold Level version 4.0 with a carbon-negative footprint. Additionally, the product is verified in the Product Environmental Footprint.

Third Place
TreeToTextile (Sweden): A New Generation of Bio-based and Resource-efficient Fibre
TreeToTextile has developed a unique, sustainable and resource efficient fibre that doesn’t exist on the market today. It has a natural dry feel similar to cotton and a semi-dull sheen and high drape like viscose. It is based on cellulose and has the potential to complement or replace cotton, viscose and polyester as a single fibre or in blends, depending on the application.
TreeToTextile Technology™ has a low demand for chemicals, energy and water. According to a third party verified LCA, the TreeToTextile fibre has a climate impact of 0.6 kg CO2 eq/kilo fibre. The fibre is made from bio-based and traceable resources and is biodegradable.

The next conference will be held on 12-13 March 2025.

Having launched a collaborative travel collection earlier this year, Y-3 and Real Madrid come together once again and present their collaborative Matchwear collection.

The collection itself is highlighted by a purple 4th kit for both the Real Madrid Men’s and Women’s teams, constructed with moisture wicking HEAT.RDY technology to keep players feeling dry while performing on the biggest stage. Story and identity come together in the Matchwear kit through the colors of Real Madrid , where purple is a key shade within the club’s DNA. In addition to the 4th kit, the collection features two goalkeeper kits – one in black and one in orange – as well as a white pre-match selection including a top, a pair of shorts, and an anthem jacket.

From the pitch to the stands, Y-3 has also curated a selection of fanwear items, including a T-shirt, a hoodie, a cross body bag, a cap, and a scarf.

Alongside the collection, Y-3 and adidas are set to introduce a special edition Predator boot and Goalkeeper gloves.

The fifth edition of the Texhibition Istanbul Fabric and Textile Accessories Fair from 6 to 8 March 2024, organised by İTKİB Fuarcılık A.Ş. in cooperation with the Istanbul Textile Exporters Association (İTHİB), presented 557 exhibitors showcasing the entire range of the textile supplying section: from woven and knitted fabrics to accessories and artificial leather. A new addition was a separate hall for yarns and denim, the BlueBlackDenim hall. With this trade fair, Texhibition has more than doubled its floor space compared to the last event to 35,000 square metres.

Exhibitors
Texhibition Istanbul acts as a central point of contact for the entire international industry, with a clear focus on quality, innovation and the latest trends like the denim companies Bossa, Çalık, İsko, İskur and Kipaş at the BlueBlackDenim Hall.

Yarn companies such as Aksa, Diktaş, Ensar, Karafiber, Kaplanlar, Korteks, Migiteks, Sasa, Tepar showed the production power of the yarn sector, where the product quality, design and workmanship came together.

In addition to well-known companies such as Almodo, Bahariye, BTD, Can Textile, Iskur, Kipaş, Menderes, Söktaş, Yünsa, Zorlu, İpeker a large number of other export-oriented companies from the segments of textiles (woven fabrics, knitting) presented their latest designs and products.

Visitors
25,752 visitors came from over 112 countries, 41.8% from the European Union (including Germany, Italy, the Netherlands, Spain, Romania etc.) and Great Britain, Ukraine,26.5% from Asia (including Russia etc.), 14.8% from the Middle East (including Jordan, United Arab Emirates, Saudi Arabia) 10.7% from North Africa (including Algeria, Tunisia etc.), 3.1% from North America (United States, Canada), 3.1% from South America and other countries.

American buyers from the USA and Canada in particular, but also a large number of Mexican and Colombian buyers took advantage of the numerous match-making opportunities at Texhibition. Many B2B meetings took place and led to numerous orders being placed, including from key accounts such as Alexander Wang, Asos, Forever 21, Sainsbury's, Veronica Beard etc.

Building on a renewed five-year strategy, Fashion for Good selects ten new innovators for its 2024 programme to receive tailored support validating their technologies. This cohort represents an increased focus on novel footwear material and recycling technologies, man-made cellulosics, and nylon recycling.

The 2024 Innovation Programme provides support based on the development stage and ambitions of each innovator, matching them with relevant industry partners to drive technology and impact technology and impact validation as well as investing activities.

The selected innovators joining the 2024 Innovation Programme are:

• Algreen Ltd: Algreen co-develops alternative materials from algae and biobased sources that can replace fossil-based products such as PU.
• Balena: Balena creates biodegradable partly biobased polymers for footwear outsoles.
• Epoch Biodesign: Epoch Biodesign is an enzymatic recycler of PA66 and PA6 textile waste.
• Fibre52: Fibre52 is a bio-based solution replacing traditional bleach prepared-for-dyeing and dye processes.
• Gencrest BioProducts Pvt Ltd: Gencrest works with various agri-residues to convert them into textile-grade fibres using their enzymatic technology.
• HeiQ AeoniQ: HeiQ AeoniQ™ is a continuous cellulose filament yarn with enhanced tensile properties.
• Nanollose - Nullabor: Nullarbor™Lyocell is developed from microbial cellulose which is converted into pulp pulp to produce a lyocell fibre with their partner Birla Cellulose.  
• REGENELEY:  REGENELEY pioneers advanced shoe sole recycling technologies by separating and recycling EVA, TPU, and rubber components found in footwear.
• Samsara Eco: Samsara Eco is an enzymatic recycler of PA66 and PET textile waste.
• SEFF: SEFF Fibre produces cottonised fibres and blends of hemp fabrics utilising a patented HVPED process.

The Global Organic Textile Standard (GOTS) applauds the European Parliament's vote to ban unverified 'green' product labels by enforcing stricter rules to back green claims and labels. By obligating companies to submit evidence about environmental marketing claims – including advertising and labelling products as ‘biodegradable’, ‘less polluting’, ‘water saving’, or having ‘bio-based content’ – consumers will be able to make better informed decisions about the sustainability of their purchases.

Consumers need protection from greenwashing and false claims about a product’s environmental impact. GOTS provides rules and tools for fostering responsible business practices and to support businesses to comply with domestic and international laws and beyond. The current GOTS Version 7.0 includes rigorous criteria for the protection of human, employment and social rights, as well as the environment and climate. By being certified to GOTS 7.0 and selling GOTS-labelled goods, companies are demonstrating their commitment to sustainability and human rights.

Polartec® introduces Polartec® Power Shield™ RPM, made from recycled polyester materials and the Polartec® 200, and Micro Series recycled fleeces featuring Polartec® Shed Less™ technology.

Polartec® Power Shield™ RPM is a recycled polyester fabric that offers waterproofness, wind-proofness and breathability, and also ensures high-stretch comfort and resilience. With its high range of motion and highly durable 100% recycled polyester membrane designed for high intensity activities, Power Shield™ RPM elevates end use comfort and is made for runners, cyclists and golfers who refuse to trade performance for sustainability.

Polartec® Shed Less™ technology is an innovative process that decreases fiber fragment shedding during home laundering up to 85%* without compromising the performance or durability of the fabrics it’s applied to. Less shedding means fewer microfiber fragments end up in the oceans and waterways.

Polartec® Micro™ Series is engineered to provide long-lasting comfort in a vast range of conditions and activity levels. This recycled fleece with Polartec® Shed Less™ technology is made from a lofted structure with thermal air pockets to retain warmth without inhibiting breathability. Polartec® Micro™ Series is both hydrophobic and fast drying.

Polartec® 200 Series is the modern version of the original PolarFleece®, which in 1993 became the first performance fleece knit from yarn made from recycled plastic bottles. It has a great resiliency, lightweight warmth and a fast drying time.

Groz-Beckert offers interested machine builders various cooperation opportunities to jointly develop new products or improve existing ones. In collaboration with Vanguard Pailung, a manufacturer of ultra-high-speed knitting machines for body-size products, Groz-Beckert has developed an innovative slider needle for a new generation of machines. Groz-Beckert's Technology and Development Center (TEZ) provides the appropriate framework for so-called co-development projects.

In June 2022, Vanguard Pailung approached Groz-Beckert with a cooperation request. Together with Groz-Beckert, the company wanted to develop a new needle solution for an innovative ultra-high-speed machine. Together with an innovative slide needle, the new machine was to exceed the speed and productivity of known knitting systems of large circular knitting machines.

Machine and needle development ran in parallel and were closely coordinated. The first field tests took place in the Vanguard Pailung laboratory in Monroe/NC, USA in February 2023. The successful development was presented to a wide audience for the first time at ITMA 2023 in June.

Unlike latch needles, slide needles do not form the stitch via a needle latch, but via a slide that is controlled by its own channel. The advantage of this is that the needle can withstand high speeds, as there is no latch impact, which in turn increases productivity.

The use of the new slide needle in ultra-high-speed machines ensures a particularly high level of process reliability. With the new needle variant, the closer is guided safely and precisely in the groove in the needle shank. At the same time, the base of the needle shank is closed, which ensures maximum stability. The slider needle reliably prevents the so-called latch impact and thus makes a decisive contribution to process reliability. Its use ensures a uniform and speed-independent loop structure, even at maximum speeds.

• Solvay’s FY 2023 financial statements reflect the Partial Demerger completed on December 9, 2023, with the Specialty businesses transferred to Syensqo classified as discontinued operations for 2023.
• New Solvay leadership team committed to drive the transformation of the company.
• Net sales for the full year 2023 at €4,880 million were down -12.6% organically versus 2022, driven primarily by volume declines. In Q4, net sales decreased organically by -18.9% from both lower volumes and prices.
• Underlying EBITDA of €1,246 million for the full year 2023 was stable (+0.2%) on an organic basis compared to a record 2022, with positive Net Pricing and lower fixed costs offsetting the drop in volumes. EBITDA in the fourth quarter was down -24.5% organically vs Q4 2022, fully driven by lower volumes, with variable costs reduction offsetting price erosion, while fixed costs decreased slightly.
• Underlying net profit from continuing operations was €588 million in 2023 compared to €740 million in 2022.
• Free Cash Flow of €561 million in 2023 (+17.3% vs. €479 million in 2022) resulting in a record FCF conversion ratio of 45.4%, thanks to the strong EBITDA performance and to the positive impact from working capital variation.
• ROCE was 20.4% in 2023, -2.5pp compared to 2022 as a result of lower profit.
• Solid balance sheet at the end of December 2023, in line with the target capital structure announced in November 2023, with an underlying net debt of €1.5 billion, which translates into a leverage ratio of 1.2x.
• Total proposed gross dividend of €2.43 per share, subject to shareholders’ approval during the next Ordinary General Meeting of May 28, 2024.
• Solvay continues to reduce its GHG emissions (-19% vs 2021, scope 1 and 2).
• 2024 Outlook: Organic growth of the underlying EBITDA of -10% to -20% compared to restated 2023; Free cash flow of minimum €260 million

2024 outlook
Across its product portfolio, Solvay expects current demand levels to continue over the next few months and, as such, expects H1 2024 volumes to be broadly in line with H2 2023. At this point, there is little visibility on the second half of the year, however there are signs that the trend in the second half could improve. Solvay expects Soda Ash prices over FY 2024 to be lower than FY 2023, consistent with the current market environment, which will affect the business margin in 2024. Pricing trends across Solvay’s other businesses are forecasted to be more resilient year on year.

Lower energy and raw materials prices should offset some of the negative pressure on the topline. More importantly, Solvay has started to implement cost savings initiatives that will start to deliver results in 2024.

For full year 2024, Solvay expects an organic growth of the underlying EBITDA by -10% to -20% versus a high comparison base in 2023, especially in H1. This translates into a range of €925 million to €1,040 million at a 1.10 EUR/USD exchange rate.

The organic growth of the underlying EBITDA is calculated from a 2023 restated figure of €1,154 million (vs a reported figure of €1,246 million).

Free cash flow to Solvay shareholders from continuing operations is expected to be greater than €260 million, in line with the cash usage prioritization presented during the Capital Market Day in November 2023. It is supported by Solvay’s ability to manage its capex and working capital to ensure the financing of its businesses and the payment of dividends while keeping the strength of its balance sheet intact.

Solvay remains committed to implement its strategic roadmap and reconfirms its 2028 targets as communicated at the Capital Markets Day of November 2023.