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Photo: AkzoNobel
Ben Noteboom
20.12.2022

Ben Noteboom to be nominated as AkzoNobel Supervisory Board member

AkzoNobel has announced that Ben Noteboom will be nominated as a member of the Supervisory Board at the Annual General Meeting being held in April 2023. The Supervisory Board intends to subsequently elect him as Chair, succeeding Nils Andersen, who will retire as Chair and member of the Supervisory Board at the same time.

Noteboom is Chairman of Vopak’s Supervisory Board and a member of the Supervisory Board of Aegon. He also chairs the Board of Trustees of the Cancer Center Amsterdam. His former roles include CEO and Chairman of the Board of Management at Randstad, while he held different management positions at Dow Chemicals for nearly nine years.

Commenting on the announcement, Byron Grote, says: “The Supervisory Board is very pleased to announce the nomination of Ben Noteboom. His strong track record in executive and non-executive roles, and his broad experience in different industries – including the chemical industry – will be valuable additions to AkzoNobel.”

AkzoNobel has announced that Ben Noteboom will be nominated as a member of the Supervisory Board at the Annual General Meeting being held in April 2023. The Supervisory Board intends to subsequently elect him as Chair, succeeding Nils Andersen, who will retire as Chair and member of the Supervisory Board at the same time.

Noteboom is Chairman of Vopak’s Supervisory Board and a member of the Supervisory Board of Aegon. He also chairs the Board of Trustees of the Cancer Center Amsterdam. His former roles include CEO and Chairman of the Board of Management at Randstad, while he held different management positions at Dow Chemicals for nearly nine years.

Commenting on the announcement, Byron Grote, says: “The Supervisory Board is very pleased to announce the nomination of Ben Noteboom. His strong track record in executive and non-executive roles, and his broad experience in different industries – including the chemical industry – will be valuable additions to AkzoNobel.”

Adds Ben Noteboom: “I’m excited about the opportunity to join AkzoNobel’s Supervisory Board and look forward to contributing to the next phase of the company’s transformation as it makes further progress to becoming a frontrunner in the industry.”

Source:

AkzoNobel

Photo Trützschler Card Clothing
08.12.2022

Trützschler Card Clothing expands its site in Neubulach

Trützschler Card Clothing (TCC), technology leader in the manufacture of high-performance card clothings for textile yarn processing, is expanding its site in Neubulach, Germany. With the twelve-million-euro investment, the supplier for the international textile machinery industry is expanding its production, warehouse and office capacities. A groundbreaking ceremony will take place during the coming winter.

The new building will expand the warehouse and logistics area by 600 square meters, to make a total area of 2,800 square meters. In the optimized cube of the new hall, a modern warehouse system will double the storage capacity. There will also be a fully automated warehouse for coils for sawtooth wires. During the construction phase, logistics and shipping will be temporarily outsourced to Pforzheim-Büchenbronn.

Trützschler Card Clothing (TCC), technology leader in the manufacture of high-performance card clothings for textile yarn processing, is expanding its site in Neubulach, Germany. With the twelve-million-euro investment, the supplier for the international textile machinery industry is expanding its production, warehouse and office capacities. A groundbreaking ceremony will take place during the coming winter.

The new building will expand the warehouse and logistics area by 600 square meters, to make a total area of 2,800 square meters. In the optimized cube of the new hall, a modern warehouse system will double the storage capacity. There will also be a fully automated warehouse for coils for sawtooth wires. During the construction phase, logistics and shipping will be temporarily outsourced to Pforzheim-Büchenbronn.

The move into the new building is planned for 2024. TCC will also expand the range of services and the production intensity at the site, while optimizing the process flows. Trützschler intends to recruit the additional employees required within a short timeframe by hiring new staff and offering apprenticeships at the Neubulach site. TCC employs more than 130 people in Germany, with a further 220 people employed worldwide at locations in Brazil, China, India, Mexico, Turkey and the USA.

Overall, the production area will be expanded from 4,000 to 5,400 square meters. This will enable the process flows to be optimized. The office space will be increased to 1,000 square meters. An additional level of the building will provide modern workplaces for administration and sales.

The new building will also improve access and exit routes for truck traffic. This will provide considerable relief for the local neighborhood in terms of noise emissions and other factors. Good integration into the region is very important to Trützschler. All contracts for planning, construction and air conditioning technology have been awarded to local companies.

In the future, TCC will operate its production facility in Neubulach in a climate-neutral manner. This will contribute important progress toward achieving the ambitious climate goals of the Trützschler Group. The new production facility will meet the highest requirements for energy efficiency and climate protection. Heating is provided by process heat recovery and geothermal energy. In addition, the company produces green electricity via its own solar panels.

"By expanding our business here in Neubulach, we are strengthening our presence in this area and our leading global market position too," says Managing Director Peter Gäbler. The Trützschler Group SE is also investing in India to build a new site with over 100,000 square meters for the Spinning, Card Clothing and Nonwovens business units. "It is important to be close to the customer worldwide because our foreign companies make a significant contribution to the success of the Group," says Gäbler.

TCC achieved another record sales result in 2021. Demand for the technology components for carding fibers in spinning mills and for carding in nonwovens production has increased significantly. The steel sawtooth wires, which are wound onto coils and produced for customers around the globe, eventually get worn down by use in production processes – so it is necessary to replace them regularly. For this reason, further growth is expected in 2022 and beyond.

 

More information:
Trützschler Card Clothing
Source:

Trützschler Card Clothing

Photo: Alexander Donka
08.12.2022

Lenzing and Renewcell sign large-scale supply agreement

The Lenzing Group, a leading supplier of sustainably produced specialty fibers, and Renewcell, the Swedish textile-to-textile recycling pioneer, have signed a multi-year supply agreement to accelerate the transition of the textile industry from a linear to a circular business model. The agreement contains the sale of 80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile Circulose® dissolving pulp to Lenzing over a five-year period, for use in the production of cellulosic fibers for fashion and other textile applications.

“The textile industry must change. By signing the agreement with Swedish textile-to-textile recycling company Renewcell, Lenzing is able to further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know that moving towards a circular economy is vital to address the enormous textile waste challenges of the industry”, says Christian Skilich, Chief Pulp Officer of the Lenzing Group.

The Lenzing Group, a leading supplier of sustainably produced specialty fibers, and Renewcell, the Swedish textile-to-textile recycling pioneer, have signed a multi-year supply agreement to accelerate the transition of the textile industry from a linear to a circular business model. The agreement contains the sale of 80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile Circulose® dissolving pulp to Lenzing over a five-year period, for use in the production of cellulosic fibers for fashion and other textile applications.

“The textile industry must change. By signing the agreement with Swedish textile-to-textile recycling company Renewcell, Lenzing is able to further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know that moving towards a circular economy is vital to address the enormous textile waste challenges of the industry”, says Christian Skilich, Chief Pulp Officer of the Lenzing Group.

“Lenzing is a major player in our industry, with an inspiring track record of path-breaking technical excellence and sustainability leadership. Our new partnership fits perfectly into Renewcell’s strategy to accelerate the scale-up of circular materials by collaborating with fashion’s most important players. We are more than pleased to join forces with Lenzing with the shared goal of making fashion circular.” said Patrik Lundström, CEO of Renewcell, in a comment on the agreement.

Canopy, a not-for-profit environmental organization dedicated to protecting forests, species, and climate, welcomes the agreement between Lenzing and Renewcell.
“Accelerating the transition to low-impact, circular production is the challenge of the decade for the fashion industry. That is why this partnership between Renewcell and Lenzing is so refreshing – it will bring low-carbon Next Gen solutions to market at scale,” exclaimed Nicole Rycroft, Executive Director of Canopy. “With the climate and biodiversity clocks ticking, the race to circularity is one we need all companies to win.”
 
It is an essential part of Lenzing’s corporate strategy and ambitious sustainability targets to become a true champion of circularity and to offer TENCEL™ and LENZING™ ECOVERO™ branded specialty textile fibers with up to 50 percent post-consumer recycled content on a commercial scale by 2025. To reach this goal Lenzing partners with recycling pioneers like Renewcell.
Circulose® originates 100 per cent from textile waste, like old jeans and production scraps, and turns into dissolving pulp. It transforms textile waste and production scrap into new high-quality textile products.

Source:

Lenzing AG / Renewxell

24.11.2022

EURATEX: A price cap at 275€/MWh would be meaningless

The plan of the European Commission to propose a price cap on wholesale gas price at 275€/MWh would be a bitter disappointment for the European textiles and clothing manufacturers, said EURATEX.

November 22nd, EURATEX stated in a letter to EC President, Ursula von der Leyen, that any price cap above the level of 80€euro/MWh would not help the EU industry – the textile sector in particular – to survive the current crisis. Indeed as early as July 2021, the wholesale gas price in the EU was below 30€/MWh. Now, the EU industry is facing gas and energy prices that have exceeded any coping capacity: from the record-high 320€/MWh last August, the price has reached to 127€/MWh today. Still, it is more than 300% than the business as usual prices.

The plan of the European Commission to propose a price cap on wholesale gas price at 275€/MWh would be a bitter disappointment for the European textiles and clothing manufacturers, said EURATEX.

November 22nd, EURATEX stated in a letter to EC President, Ursula von der Leyen, that any price cap above the level of 80€euro/MWh would not help the EU industry – the textile sector in particular – to survive the current crisis. Indeed as early as July 2021, the wholesale gas price in the EU was below 30€/MWh. Now, the EU industry is facing gas and energy prices that have exceeded any coping capacity: from the record-high 320€/MWh last August, the price has reached to 127€/MWh today. Still, it is more than 300% than the business as usual prices.

The very existence of the European industry is at stake and with it the European sustainability agenda – and Europe’s capacity to implement it. Furthermore, Europe will lose its strategic autonomy, which guarantees essential goods and services are made available on the European Internal Market. If we continue on this path, the EU will soon become totally dependent on foreign imports with no leverage to implement its sustainability agenda, let alone lead the transition to a circular economy on the international stage.

At present, the EU industry is facing a dire international competition with the industry in China, India and the US working at energy prices of around 10$/MWh. In addition, these competitors are benefitting of sky-high subsidies from their own governments: the rollout of the US $369bln industrial subsidy scheme is just the latest example.

EURATEX Director General, Dirk Vantyghem, believes that “while the EU Industry is under immense, unprecedented pressure, a price cap at 275€/MWh would be meaningless: the European industry will be permanently pushed out on the market. The industry is at the heart of the European way of life and the fundament of our social market economy. The EU must save its industry to save Europe. The moment to act is now.”

More information:
price gap energy crisis Euratex
Source:

EURATEX

18.11.2022

Monforts at Igatex 2022

Monforts will be presenting its finishing technologies at the forthcoming Igatex textile machinery exhibition, which takes place from December 1-4 at the Lahore Expo Centre in Pakistan.

The importance of the textile industry to Pakistan’s economy cannot be overstated – it accounts for 60% of the country’s overall exports and some of its industry’s players are very major employers. In the year to June 2022, Pakistan’s textile exports climbed by 25% to a record value of $19.3 billion according to the country’s Bureau of Statistics, as security of deliveries – especially to Europe and the USA – worked in the country’s favour, in the light of the Covid-19 pandemic and subsequent supply chain issues. It has a key role to play in quickly getting the country back on its feet after the devastation.

Monforts will be presenting its finishing technologies at the forthcoming Igatex textile machinery exhibition, which takes place from December 1-4 at the Lahore Expo Centre in Pakistan.

The importance of the textile industry to Pakistan’s economy cannot be overstated – it accounts for 60% of the country’s overall exports and some of its industry’s players are very major employers. In the year to June 2022, Pakistan’s textile exports climbed by 25% to a record value of $19.3 billion according to the country’s Bureau of Statistics, as security of deliveries – especially to Europe and the USA – worked in the country’s favour, in the light of the Covid-19 pandemic and subsequent supply chain issues. It has a key role to play in quickly getting the country back on its feet after the devastation.

Monforts customers in the regions around the country’s three biggest cities of Karachi, Lahore and Faisalbad include all of the main players in the fields of home textiles and denim production, including Afroze, , Al Karam Artistic Milliners, Azgard-9, Crestex, , Gul Ahmed, Interloop, Liberty Mills, Lucky Textile Mills, Mustaqim, Naveena (NDL), Rajby Industries, Sapphire Finishing, Soorty, Style Textile and US Denim.

These companies rely on established Monforts technologies including Montex stentering equipment, Monfortex sanforizing units and Thermex dyeing ranges. The company’s Matex Eco Applicator minimum application system has also proved a big hit in recent years.

Monforts has also achieved considerable success in Pakistan with its Econtrol®* dyeing system  – an effective and established dyeing process. More than 40 Thermex continuous dyeing ranges have been installed in Pakistan in recent years and operator training on the Econtrol®* process by sophisticated technologists is an additional service.

The Econtrol® pad-dry process has a number of immediate benefits. Compared to the common pad-dry-pad-steam process, no salt is used and no steamer is required for a separate fixation step. Compared to the pad-dry-thermofix process, no urea is used and no smoke or deposits are generated, and unlike with the cold pad batch process, direct feedback of the dyeing results ensures no batching time is necessary and guarantees good reproducibility from the lab to bulk production.

An immediate wash off is also unnecessary, allowing for flexible production planning. The process is suitable for pale to dark shades with very good fastness properties. Also waste water treatment is improved by this technology.

*Econtrol is a registered mark of Dystar Colours Distribution GmbH.

Source:

A. Monforts Textilmaschinen GmbH & Co. KG / AWOL Media

10.11.2022

Indorama Ventures: Resilient YTD earnings in 3Q22

  • Last twelve months (LTM) Core EBITDA of US$2.5B, an increase of 60% YoY
  • Core EBITDA per ton of US$163 in LTM3Q22 and US$159 in 3Q22
  • Operating cash flow of US$1,952 in LTM3Q22, an increase of 59% YoY
  • 3Q22 Core Net Profit of THB 10.34B and Reported Net Profit of THB 8.14B

Indorama Ventures Public Company Limited (IVL) reported a resilient year-to-date performance and increasing earnings in a challenging macroeconomic environment.

IVL posted Core EBITDA of US$606 million in 3Q22, a 39% increase YoY and a decline of 20% QoQ as the strong tailwinds that drove record earnings into 2022 began to normalize in the third quarter.  

  • Last twelve months (LTM) Core EBITDA of US$2.5B, an increase of 60% YoY
  • Core EBITDA per ton of US$163 in LTM3Q22 and US$159 in 3Q22
  • Operating cash flow of US$1,952 in LTM3Q22, an increase of 59% YoY
  • 3Q22 Core Net Profit of THB 10.34B and Reported Net Profit of THB 8.14B

Indorama Ventures Public Company Limited (IVL) reported a resilient year-to-date performance and increasing earnings in a challenging macroeconomic environment.

IVL posted Core EBITDA of US$606 million in 3Q22, a 39% increase YoY and a decline of 20% QoQ as the strong tailwinds that drove record earnings into 2022 began to normalize in the third quarter.  

Strategic acquisitions, including Oxiteno, are bolstering IVL’s increasingly diverse geographic footprint and product portfolio, supporting earnings through volatile economic conditions. Revenue declined 10% QoQ in 3Q and grew 27% YoY as Combined PET, the largest business segment, saw steady volumes through the year, and new portfolio additions performed strongly, such as surfactants in the Integrated Oxides and Derivatives segment. With more than 70% of IVL’s platform catering to consumer daily necessities, demand remains stable.

Fibers segment posted YTD Core EBITDA of $189 million, a rise of 2% YoY. 3Q Core EBITDA increased 2% YoY, and decreased of 11% QoQ, to US$49 million. The Lifestyle fibers business continues to be impacted by the lockdown in China, while management in the Hygiene and Mobility verticals in Europe are effectively managing high energy costs.

Combined PET (CPET) segment achieved YTD Core EBITDA of US$1,192 million, an increase of 42% YoY. Core EBITDA in 3Q22 rose 27% YoY to US$327 million, and declined 24% QoQ, as business remained steady across operations apart from in Europe where peak energy prices continue to put pressure on demand and margins.

D K Agarwal, CEO of Indorama Ventures, said, “We are pleased with our performance across the business cycle. Our management is working hard to extract the advantages that we enjoy in terms of geographic leadership, product diversity, and an unmatched customer base of global household brands. Together with our habitual lens on cost management, these actions will help us to weather the economic challenges and continue to focus on our long-term potential.”

Source:

Indorama Ventures Public Company Limited 

08.11.2022

Bjørn Gulden to become CEO of adidas AG

The Supervisory Board of adidas AG resolved upon the succession for adidas CEO Kasper Rorsted. Effective January 1, 2023, Bjørn Gulden is appointed as member of the Executive Board and CEO of adidas AG. Kasper Rorsted and the Supervisory Board mutually agreed that he will step down as CEO and leave the company upon expiry of November 11, 2022. Harm Ohlmeyer, Chief Financial Officer of adidas AG, will lead the company in the interim until December 31, 2022. The Supervisory Board had announced a CEO transition on August 22, 2022.

Bjørn Gulden is 57 years old, Norwegian and has been CEO of Puma SE since 2013. Bjørn Gulden looks back at a tenure at adidas as, amongst others, Senior Vice President of Apparel and Accessories from 1992 to 1999. Additionally, he was CEO of Danish jewelry brand Pandora, Managing Director of footwear retailer Deichmann, President of Rack Room Shoes, and held various management positions at outdoor apparel company Helly Hansen. He also holds the position of Chairman of the Board of Salling Group, Denmark’s largest food retailer.

The Supervisory Board of adidas AG resolved upon the succession for adidas CEO Kasper Rorsted. Effective January 1, 2023, Bjørn Gulden is appointed as member of the Executive Board and CEO of adidas AG. Kasper Rorsted and the Supervisory Board mutually agreed that he will step down as CEO and leave the company upon expiry of November 11, 2022. Harm Ohlmeyer, Chief Financial Officer of adidas AG, will lead the company in the interim until December 31, 2022. The Supervisory Board had announced a CEO transition on August 22, 2022.

Bjørn Gulden is 57 years old, Norwegian and has been CEO of Puma SE since 2013. Bjørn Gulden looks back at a tenure at adidas as, amongst others, Senior Vice President of Apparel and Accessories from 1992 to 1999. Additionally, he was CEO of Danish jewelry brand Pandora, Managing Director of footwear retailer Deichmann, President of Rack Room Shoes, and held various management positions at outdoor apparel company Helly Hansen. He also holds the position of Chairman of the Board of Salling Group, Denmark’s largest food retailer.

“We are very pleased to welcome Bjørn Gulden back at adidas. Bjørn Gulden brings almost 30 years of experience in the sporting goods and footwear industry. As a result, he knows the industry extremely well and draws on a rich network in sport and retail. Bjørn Gulden already served adidas successfully for seven years in the 1990s. As CEO of Puma, he re-invigorated the brand and led the company to record results. The Supervisory Board of adidas AG is convinced that Bjørn Gulden will head adidas into a new era of strength and is looking very much forward to a successful cooperation,” said Thomas Rabe, Chairman of the Supervisory Board of adidas AG. 

Source:

adidas AG

04.11.2022

Rieter publishes Investor Update 2022

  • Sales of CHF 366.8 million in the third quarter, CHF 987.4 million after nine months
  • Order intake of CHF 226.4 million in the third quarter, CHF 1 095.8 million after nine months
  • Order backlog of around CHF 2 000 million as of September 30, 2022
  • Precautionary measures taken against potential energy crisis in Europe
  • Financing of a Professorship for Artificial Intelligence
  • Rieter site sales process on schedule
  • Outlook 2022

Rieter recorded a significant increase in sales in the third quarter of 2022, reaching a level of CHF 366.8 million (2021: CHF 257.3 million). The measures introduced to increase sales and profitability in the second half of 2022 are taking effect and will continue to be implemented in a systematic manner. These include a close cooperation with key suppliers, the development of alternative solutions to eliminate material shortages, the enforcement of price increases, and the improvement of the margin quality of the order backlog.

  • Sales of CHF 366.8 million in the third quarter, CHF 987.4 million after nine months
  • Order intake of CHF 226.4 million in the third quarter, CHF 1 095.8 million after nine months
  • Order backlog of around CHF 2 000 million as of September 30, 2022
  • Precautionary measures taken against potential energy crisis in Europe
  • Financing of a Professorship for Artificial Intelligence
  • Rieter site sales process on schedule
  • Outlook 2022

Rieter recorded a significant increase in sales in the third quarter of 2022, reaching a level of CHF 366.8 million (2021: CHF 257.3 million). The measures introduced to increase sales and profitability in the second half of 2022 are taking effect and will continue to be implemented in a systematic manner. These include a close cooperation with key suppliers, the development of alternative solutions to eliminate material shortages, the enforcement of price increases, and the improvement of the margin quality of the order backlog.

The order intake of CHF 226.4 million in the third quarter of 2022 reflects the expected normalization of demand for new equipment compared to the record year of 2021, which was characterized by catch-up effects and the regional shift in demand. In addition, the well-known uncertainties and risks and the continuing extremely long delivery times at key manufacturers had a dampening effect on demand. Due to the slowdown in capacity utilization in the spinning mills, demand for consumables, wear & tear and spare parts also declined in the third quarter of 2022. Major orders continued to be recorded from Turkey, Uzbekistan, and China.

Rieter has a high order backlog of around CHF 2 000 million as of September 30, 2022 (September 30, 2021: CHF 1 562 million), which will guarantee capacity utilization in all three business groups until well into 2023 or rather 2024. The cancellation rate in the reporting period was around 5% of the order backlog.

Outlook 2022
Rieter anticipates weakened demand for new systems in the coming months. The demand for consumables, wear & tear and spare parts will depend on the capacity utilization of spinning mills in the months ahead.

For the full year 2022, Rieter expects sales of around CHF 1 400 million. The realization of sales revenue from the order backlog continues to be associated with risks in relation to the well-known uncertainties.

Despite significantly higher sales compared to the prior-year period, Rieter expects EBIT and net result for 2022 to be below the previous year’s level. This is due to the considerable increases in the cost of materials and logistics, additional costs for compensation of material shortages as well as expenses in connection with the acquisition in the years 2021/2022.

More information:
Rieter financial year 2022
Source:

Rieter Management AG

(c) EFI
31.10.2022

EFI sells 300th VUTEk FabriVU Printer

Orbus Exhibit & Display Group® has continued its substantial and longstanding relationship with digital print technology provider Electronics For Imaging, Inc., choosing the premium-quality capabilities of the EFI™ VUTEk® FabriVU® 340+ soft signage printer to meet surging demand for dye-sublimation soft signage graphics. The new printer now running at Orbus’s Las Vegas facility marks an important milestone for EFI, as it is the 300th EFI VUTEk FabriVU printer installed worldwide.

Orbus is North America’s top trade manufacturer of soft signage and flag graphics for tradeshow exhibits, promotional displays, experiential retail and corporate interiors. The company is one of the largest users of EFI soft signage printers worldwide. The newly installed FabriVU 340+ model joins two additional FabriVU printers at Orbus Las Vegas. The company has its fourth FabriVU printer at its headquarters facility, along with a pair of high-volume EFI industrial printers used exclusively for dye-sublimation production.

Orbus Exhibit & Display Group® has continued its substantial and longstanding relationship with digital print technology provider Electronics For Imaging, Inc., choosing the premium-quality capabilities of the EFI™ VUTEk® FabriVU® 340+ soft signage printer to meet surging demand for dye-sublimation soft signage graphics. The new printer now running at Orbus’s Las Vegas facility marks an important milestone for EFI, as it is the 300th EFI VUTEk FabriVU printer installed worldwide.

Orbus is North America’s top trade manufacturer of soft signage and flag graphics for tradeshow exhibits, promotional displays, experiential retail and corporate interiors. The company is one of the largest users of EFI soft signage printers worldwide. The newly installed FabriVU 340+ model joins two additional FabriVU printers at Orbus Las Vegas. The company has its fourth FabriVU printer at its headquarters facility, along with a pair of high-volume EFI industrial printers used exclusively for dye-sublimation production.

The upgraded performance comes courtesy of the VUTEk FabriVU 340+ printer’s new, eight-printhead, CMYK x 2 array, along with new electronics for reliable and consistent premium-quality output of exhibit graphics, backlit graphics, retail fixture wraps, front lit graphics, block-out banners and fabric interior decor. A flag printing kit on the printer easily handles porous media in high-penetration applications by collecting inks without touching the rear side of the media.
 
As with all VUTEk FabriVU printers, it prints both transfer paper and direct-to-fabric.

Source:

EFI

Gleaming line Photot: Marchi & Fildi Group
27.10.2022

Marchi & Fildi Group: New coloured, reflective yarns for technical, safety and stretch uses

The Gleaming line by the Marchi & Fildi Group includes a wide range of metalloplastic yarns for the most varied of uses. Reflex, the new range of reflective yarns, will join the line.

In addition to uses in the worlds of fashion and furnishings, for fancy yarns, decoration and accessories, an important application for the Gleaming collection is in the sector of technical clothing with high-visibility features.

Reflex, used for the production of fabrics and tapes, able to reflect the light and ensure good visibility for people wearing them in low-light situations, is augmented by new colour shades in addition to the traditional greys.

The innovative reflective yarns in white, black, and light and dark multicolours offer new possibilities for:

The Gleaming line by the Marchi & Fildi Group includes a wide range of metalloplastic yarns for the most varied of uses. Reflex, the new range of reflective yarns, will join the line.

In addition to uses in the worlds of fashion and furnishings, for fancy yarns, decoration and accessories, an important application for the Gleaming collection is in the sector of technical clothing with high-visibility features.

Reflex, used for the production of fabrics and tapes, able to reflect the light and ensure good visibility for people wearing them in low-light situations, is augmented by new colour shades in addition to the traditional greys.

The innovative reflective yarns in white, black, and light and dark multicolours offer new possibilities for:

  • tapes, external labels and accessories;
  • technical fabrics for work clothing with specific safety standards;
  • uniforms, sports clothing and accessories;
  • hosiery, gloves, bibs and hats for night use, for winter clothing and for northern markets.

The latest addition to the range, with an important functionality, is the Reflex stretch yarn, which, apart from in the sectors described above, also finds application in flat bed or circular knitting and sewing. Its composition makes it softer and more versatile in comparison to traditional reflectives.

The Gleaming line represents a completion of the range of yarns produced by the Marchi & Fildi Group. The yarns are available in various thicknesses, widths and types in both metallised and transparent versions, and iridescent, reflective and phosphorescent effects. Also articles are included with particular features of resistance to chemical and dyeing treatments.

Amongst the most recent innovations is the line of metalloplastic yarns in 100% polyester obtained from post-consumer recycling with GRS (Global Recycle Standard) certification.

Source:

Marchi & Fildi Group

20.10.2022

Akzo Nobel N.V. publishes results for Q3 2022

Highlights Grow & Deliver (compared with Q3 2021)

  • Revenue up 19% and 14% higher in constant currencies1, pricing up 13%
  • ROS2 at 6.4% (2021: 10.0%), resulting from lower volumes and higher raw material and freight costs, as well as inflation on operating expenses
  • Adjusted EBITDA at €283 million (2021: €325 million)
  • Q4 2022 adjusted operating income expected below €150 million

Highlights Q3 2022 (compared with Q3 2021)

Highlights Grow & Deliver (compared with Q3 2021)

  • Revenue up 19% and 14% higher in constant currencies1, pricing up 13%
  • ROS2 at 6.4% (2021: 10.0%), resulting from lower volumes and higher raw material and freight costs, as well as inflation on operating expenses
  • Adjusted EBITDA at €283 million (2021: €325 million)
  • Q4 2022 adjusted operating income expected below €150 million

Highlights Q3 2022 (compared with Q3 2021)

  • Pricing up 13%, offsetting the increase of raw material and other variable costs. Volumes 5% lower, mainly due to destocking in the distribution channels in Decorative Paints in Europe and in Performance Coatings, as well as lower market demand in China
  • Operating income at €168 million (2021: €226 million), includes €16 million negative impact from Identified items (2021: €15 million net negative impact) and €17 million negative from the retrospective hyperinflation impact of the first half-year of 2022. OPI margin 5.9% (2021: 9.4%)
  • Adjusted operating income3 at €184 million (2021: €241 million); excluding the retrospective impact of hyperinflation accounting at €201 million
  • Net cash from operating activities decreased to an inflow of €126 million (2021: inflow of €290 million)
  • Net income attributable to shareholders at €84 million (2021: €164 million)
  • EPS from total operations at €0.48 (2021: €0.89); adjusted EPS from continuing operations at €0.57 (2021: €0.93)
  • Interim dividend of €0.44 per share (2021: €0.44 per share)

AkzoNobel CEO, Thierry Vanlancker, commented: “Our €201 million adjusted operating income excluding the retrospective impact of hyperinflation accounting bring our Q3 results in line with the market update issued at the end of September. Sharply increased macro-economic uncertainties negatively impacted consumer confidence. This resulted in destocking across several distribution channels in decorative paints Europe and performance coatings, while the market in China was impacted by the ongoing zero COVID-19 policy. Thanks to the strong commitment of our teams, we continue to offset the impact of raw material and freight cost inflation with pricing. We’ve now delivered cumulative pricing of 22% over the last two years. The macro-economic turbulence is expected to continue well into next year. We’ve therefore decided to suspend our targets for 2023 and will provide further guidance when announcing our full-year 2022 results. In the meantime, we will continue to focus on our margin management and cost reduction initiatives.”

Source:

AkzoNobel

10.10.2022

GOTS revision: Second round of public comments

The second public consultation period for the GOTS Version 7.0 revision draft began October 3, and will last for 30 calendar days, ending October 31. The revised draft has incorporated input from contributors along with members of the Standard Revision Committee (SRC), a group of experts convened by GOTS to oversee the revision.

The first comment period, which ended in April, elicited 335 individual comments. Each comment was recorded and deliberated, and all changes have been logged and made available to the public on the GOTS website. During this second comment period, new topics will not be considered, but comments and input on decisions taken during the first comment period are encouraged.

The responses received in this comment period will be deliberated by the SRC through December 2022, and a final edition of GOTS Version 7.0 will be released in March of 2023. For certified entities, full implementation of Version 7.0 begins in March 2024.    

The second public consultation period for the GOTS Version 7.0 revision draft began October 3, and will last for 30 calendar days, ending October 31. The revised draft has incorporated input from contributors along with members of the Standard Revision Committee (SRC), a group of experts convened by GOTS to oversee the revision.

The first comment period, which ended in April, elicited 335 individual comments. Each comment was recorded and deliberated, and all changes have been logged and made available to the public on the GOTS website. During this second comment period, new topics will not be considered, but comments and input on decisions taken during the first comment period are encouraged.

The responses received in this comment period will be deliberated by the SRC through December 2022, and a final edition of GOTS Version 7.0 will be released in March of 2023. For certified entities, full implementation of Version 7.0 begins in March 2024.    

More information:
GOTS revision
Source:

GOTS
Global Organic Textile Standard

(c) Mimaki Europe B.V.
07.10.2022

Mimaki announces Third Virtual Global Innovation Days Event

Mimaki announce their third Global Innovation Days (19th – 21st October 2022). This collaborative virtual experience unites Mimaki’s regional offices to discuss trends across the different markets and the American, Asian, and European regions operated in by Mimaki, through a series of live and pre-recorded demonstrations, webinars, and round-table discussions. The programme of events will be led by experts from Mimaki Europe, Japan, USA and Australia.

With a focus on addressing the queries and requirements across the many facets of the print industry, the event will see collaborations with the likes of FESPA, from whom spokespeople will be attending to discuss the latest trends and innovations identified at FESPA this year, as well as a look ahead to next year’s event and what people can expect to see.

Mimaki announce their third Global Innovation Days (19th – 21st October 2022). This collaborative virtual experience unites Mimaki’s regional offices to discuss trends across the different markets and the American, Asian, and European regions operated in by Mimaki, through a series of live and pre-recorded demonstrations, webinars, and round-table discussions. The programme of events will be led by experts from Mimaki Europe, Japan, USA and Australia.

With a focus on addressing the queries and requirements across the many facets of the print industry, the event will see collaborations with the likes of FESPA, from whom spokespeople will be attending to discuss the latest trends and innovations identified at FESPA this year, as well as a look ahead to next year’s event and what people can expect to see.

Attendees will also have the opportunity to further explore the latest additions to Mimaki’s product portfolio, with demonstrations of the technologies and the applications that they are able to create coming live from the Mimaki showroom in Amsterdam. The 330 series, including the JV330-160, CJV330-160 and TS330-1600, will be showcased, as well as the full-colour capabilities of the 3DUJ-2207 3D printer, and Mimaki’s latest flatbed printer, the JFX600-2513, which boasts speeds thrice superior to that of its predecessor. Another highlight of the event will be a discussion held with leading print media and software vendors, to examine the current market trends from outside of the manufacturing perspective.

Source:

Mimaki Europe B.V.

Graphic Hologenix
06.10.2022

CELLIANT® Viscose now as flock coating and flock fabric

  • Partnership with Spectro Coating Corp. Expands Horizons for the World’s First In-fiber Sustainable Infrared Viscose

CELLIANT® Viscose, which converts body heat into energy, is a combination of nature and performance. It was developed by materials science leader Hologenix®, creators of CELLIANT, a natural blend of IR-generating bioceramics used in textiles, and Kelheim Fibres, a leading manufacturer of viscose specialty fibers. It is the world’s first in-fiber sustainable infrared viscose.  Now Hologenix has partnered with Spectro Coating Corp., the largest vertically integrated flock coating and flock fabric manufacturer in the world, to create the first flocked infrared material with CELLIANT Viscose.

  • Partnership with Spectro Coating Corp. Expands Horizons for the World’s First In-fiber Sustainable Infrared Viscose

CELLIANT® Viscose, which converts body heat into energy, is a combination of nature and performance. It was developed by materials science leader Hologenix®, creators of CELLIANT, a natural blend of IR-generating bioceramics used in textiles, and Kelheim Fibres, a leading manufacturer of viscose specialty fibers. It is the world’s first in-fiber sustainable infrared viscose.  Now Hologenix has partnered with Spectro Coating Corp., the largest vertically integrated flock coating and flock fabric manufacturer in the world, to create the first flocked infrared material with CELLIANT Viscose.

Flocking is an application method in which tiny fibers are piled on to the surface of a textile, creating textures for both decorative and functional purposes. CELLIANT Viscose in a flocked material has many potential applications in the medical field for tapes, bandages, braces and orthopedic products, home textiles and decor, dog beds, clothing, and more.  CELLIANT features natural, ethically sourced minerals, which convert body heat into infrared energy for increased local circulation and cellular oxygenation.  These CELLIANT minerals are then embedded into viscose plant-based fibers. The Viscose fibers are then flocked onto a base material. CELLIANT Viscose provides all the benefits of being a viscose fiber — lightweight, soft, highly breathable, excellent moisture management — as well as the fiber enhancements from CELLIANT infrared technology.

CELLIANT Viscose is the first IR flocked material that Spectro is producing. CELLIANT Viscose also represents a further expansion into sustainable products for Spectro. In addition, Spectro products are made in the USA, as is CELLIANT’s mineral blend.

Source:

Hologenix

Photo: Haelixa AG
29.09.2022

Haelixa: Egyptian cotton products traceable thanks to DNA marker

Within the scope of the United Nations Economic Commission for Europe (UNECE) initiative “The Sustainability Pledge”, to improve transparency and traceability for sustainable garment and footwear supply chains, the Swiss company Haelixa traces Egyptian cotton from the source up to premium shirts.

The UNECE and United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has been developing over the period 2019-2022 policy recommendations, implementation guidelines, a call to action, and a traceability toolbox including blockchain and DNA tracing solutions, which has been implemented in few different textile supply chains. Haelixa is part of the group of experts that develops such policy recommendations and conducts projects with key industry players to set traceability benchmarks and later develop them into standards.

Within the scope of the United Nations Economic Commission for Europe (UNECE) initiative “The Sustainability Pledge”, to improve transparency and traceability for sustainable garment and footwear supply chains, the Swiss company Haelixa traces Egyptian cotton from the source up to premium shirts.

The UNECE and United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has been developing over the period 2019-2022 policy recommendations, implementation guidelines, a call to action, and a traceability toolbox including blockchain and DNA tracing solutions, which has been implemented in few different textile supply chains. Haelixa is part of the group of experts that develops such policy recommendations and conducts projects with key industry players to set traceability benchmarks and later develop them into standards.

Fashion brands are often responsible for complex global value chains and traceability is the needed tool to enable trust, transparency and credible sustainability. The magnitude of the supply chain traceability challenge can be overwhelming for brands, but the UNECE initiative framework facilitates the alignment with suppliers, provides the necessary guidance and the needed tools, with Haelixa as physical traceability provider.

To make the premium shirts traceable, Haelixa has developed a DNA marker to label the raw material, premium Egyptian cotton. The DNA marker has been applied as fine spray to GIZA 96 lint cotton in Borg Al Arab, Egypt and used to produce the finest fabric by Swiss manufacturer Weba. Once applied to the fibers, Haelixa’s DNA markers stay safely embedded into the material and withstand the industrial processing, ensuring traceability from the source until the finished garment. Samples of lint cotton, yarn, and fabric at different steps were verified with a test based on PCR, and the correct DNA marker was detected, thereby enabling the identification of the premium product, of its origin and the specific supply chain. The forensic data obtained were recorded on a blockchain system provided by UNECE. The marked fabric was used to make Hugo Boss cotton dress shirts. As one of the leading premium fashion brands and partner to the UNECE project, Hugo Boss is responsible for a complex global value chain and strives for high sustainability standards and is looking at traceability options.

“In cases like this one, where the material is of the highest quality and the product is shipped from one facility to another for premium processing, adding physical traceability is critical to ensure that the origin, quality and processing claims can be backed up" says Gediminas Mikutis, CTO and co-founder at Haelixa.

Maria Teresa Pisani, Economic Affairs Officer and Project Lead at UNECE, emphasized: “Traceability and transparency are crucial elements to protect environmental, social, and human rights along global value chains. At UNECE, we aim to enhance traceability approaches by exploring new and innovative solutions that help identify and address negative impacts in the fashion industry.”

(c) Eli Magaziner
22.09.2022

Kornit Digital, Cozmo and Raw-Edges present sofa with custom designs

Kornit Digital is collaborating with furniture start-up Cozmo and London design studio Raw-Edges to showcase the unlimited creativity made possible by digitally produced custom sofa jacket designs at the London Design Festival, September 17th -25th. Dubbed “Cheek Prints,” the collection was created sustainably, quickly, and on-demand with Kornit’s digital fashion and textile production solutions. Each unique cover features visually designs intended to transform plain, standard sofas into custom creations with an entirely fresh look and feel. The collection was designed by Raw-Edges at their London design studio.

Kornit Digital is collaborating with furniture start-up Cozmo and London design studio Raw-Edges to showcase the unlimited creativity made possible by digitally produced custom sofa jacket designs at the London Design Festival, September 17th -25th. Dubbed “Cheek Prints,” the collection was created sustainably, quickly, and on-demand with Kornit’s digital fashion and textile production solutions. Each unique cover features visually designs intended to transform plain, standard sofas into custom creations with an entirely fresh look and feel. The collection was designed by Raw-Edges at their London design studio.

The sofa collection was produced using Kornit’s Presto direct-to-fabric digital production system. With the on-demand technology, designers can easily and rapidly embrace new possibilities to transform mere concepts into custom fabrics. Digital production removes typical limitations of one fabric, one design at a time – whether it’s a single sofa or many sofas – and at the same cost. For industries ranging from fashion and home décor to other advanced textile applications, the Kornit solution consistently unlocks unlimited creativity – producing garments and fabrics with a high quality and a soft feel.

Source:

Kornit / Pr4u

(c) AkzoNobel
22.09.2022

AkzoNobel on schedule with warehousing base in China

A huge logistics hub which is set to become AkzoNobel’s largest warehousing base in China is on course to be completed by the middle of 2023.

Located at the company’s decorative paints site in Songjiang, Shanghai, the new €10.3 million facility – a nerve center for production, storage and transport – will use intelligent digital technologies and advanced security management to customize storage and operation modes for different product categories.

“Eastern China is a strategically important region for us and the new facility will ensure that we’re well placed to meet the steady growth in demand which is expected over the next ten years,” says Mark Kwok, AkzoNobel’s President of China/North Asia and Business Director for Decorative Paints China/North Asia.

Equipped with a heat-insulating and light-permeable roof – along with nearly 5,000 solar panels that will generate 1.6 million kWh of electricity – the new facility will collect clean energy and use it for warehouse and office lighting, as well as charging forklifts.

A huge logistics hub which is set to become AkzoNobel’s largest warehousing base in China is on course to be completed by the middle of 2023.

Located at the company’s decorative paints site in Songjiang, Shanghai, the new €10.3 million facility – a nerve center for production, storage and transport – will use intelligent digital technologies and advanced security management to customize storage and operation modes for different product categories.

“Eastern China is a strategically important region for us and the new facility will ensure that we’re well placed to meet the steady growth in demand which is expected over the next ten years,” says Mark Kwok, AkzoNobel’s President of China/North Asia and Business Director for Decorative Paints China/North Asia.

Equipped with a heat-insulating and light-permeable roof – along with nearly 5,000 solar panels that will generate 1.6 million kWh of electricity – the new facility will collect clean energy and use it for warehouse and office lighting, as well as charging forklifts.

The use of clean energy, logistics optimization and the automation of warehouse operations will make an important contribution to the company’s ambition of cutting carbon emissions by 50% and moving to 100% renewable electricity by 2030.

Earlier this year, AkzoNobel also announced that it was investing in a new production line for water-based texture paints in Songjiang. The new 2,500 square meter plant will boost capacity for producing Dulux products for various markets.

The new warehousing facility is scheduled for completion in May 2023.

More information:
AkzoNobel Coatings China
Source:

AkzoNobel

Photo Pixabay
16.09.2022

Euratex, EuroCoton, Edana, CIRFS and ETSA join forces for the European Textile Industry

The associations published a joint European textiles industry statement on the energy package claiming incisive actions with no further delay.
Here is the statement in full:

Last month, when gas wholesale prices reached the record level of 340€/MWh – triggering also sky-high electricity prices – the European textiles industry called on the European Union to adopt a wholesale price cap for gas, the revision of the merit-order principle in the electricity market, support for SMEs and a single European strategy. On 14 September 2022, on the occasion of the State of the Union address by President Von der Leyen, the Commission announced initiatives aimed at tackling the dramatic energy crisis that the Europe is facing.

We, the European associations representing the whole textiles’ ecosystem,  welcome these proposals by the Commission to change the TTF benchmark parameters and decouple the TTF from the electricity market and the revision of the merit-order principle for the electricity market, which is no longer serving the purpose it was designed for.

The associations published a joint European textiles industry statement on the energy package claiming incisive actions with no further delay.
Here is the statement in full:

Last month, when gas wholesale prices reached the record level of 340€/MWh – triggering also sky-high electricity prices – the European textiles industry called on the European Union to adopt a wholesale price cap for gas, the revision of the merit-order principle in the electricity market, support for SMEs and a single European strategy. On 14 September 2022, on the occasion of the State of the Union address by President Von der Leyen, the Commission announced initiatives aimed at tackling the dramatic energy crisis that the Europe is facing.

We, the European associations representing the whole textiles’ ecosystem,  welcome these proposals by the Commission to change the TTF benchmark parameters and decouple the TTF from the electricity market and the revision of the merit-order principle for the electricity market, which is no longer serving the purpose it was designed for.

We also welcome the proposal to amend the state-aid framework that, in our view, should include the textiles finishing, the textiles services and the nonwoven sectors as well as a simplification of the application requirements. Furthermore, we call for a uniform implementation across the EU.

However, we acknowledge that the Commission proposal lacks in ambition and – if confirmed – it will come at the cost of losing European industrial capacity and European jobs. Ultimately, Europe will remain without its integrated textiles ecosystem, as we know it today, and no mean to translate into reality the EU textiles strategy, for more sustainable and circular textiles products.

An ambitious and meaningful European price cap on the wholesale price of natural gas is absolutely necessary. Europe is running out of time to save its own industry. It is now time to act swiftly, decisively in unity and solidarity at European level. We understand a very high price cap has been so far discussed among Ministries and that is not reassuring for companies across Europe: if any cap is, as expected, above 100/MWh, these businesses will collapse.

Already in March 2022, with EU gas wholesale prices at 200€/MWh, the business case for keeping textiles production was no longer there. To date, natural gas wholesale prices have reached the level of 340€/MWh, more than 15 times higher compared to 2021! Currently, many businesses have suspended their production processes to avoid the loss of tens of thousands of euros every day. We hope this will not become the new normal and – to reduce the likelihood of such a scenario – we call on the Commission, the EU Council and the Parliament to swiftly adopt decisive, impactful and concrete actions to tackle the energy crisis and ensure the survival of the European industry.

Given the dire international competition in which the EU textiles industry operates, it is not possible to just pass on the increased costs to consumers. Yet, with these sky-high prices, our companies cannot afford to absorb those costs. The EU textiles companies are mainly SMEs that do not have the financial structure to absorb such a shock.  In contrast with such reality in Europe, the wholesale price of gas in the US and China is 10€/MWh, whereas in Turkey the price is 25€/MWh. If the EU does not act, our international competitors will easily replace us in the market, resulting in the de-industrialisation of Europe and a worsened reliance on foreign imports of essential products.

Specific segments of the textile industry are particularly vulnerable:

  • The man-made fibres (MMF) industry for instance is an energy intensive sector and a major consumer of natural gas and electricity in the manufacturing of its fibres. Not only is it being affected by higher energy process, it is also experiencing shortages and sharply rising costs of its raw materials.
  • For the nonwovens segment, production processes – which use both fibres and filaments extruded in situ – are also highly dependent on gas and electricity. Polymers melting and extrusion, fibres carding, web-forming, web-bonding and drying are energy-intensive techniques. Nonwoven materials can be found in many applications crucial to citizens like in healthcare (face masks) or automotive (batteries).
  • It also is to be noted that for some segments the use of gas has no technological substitute: for example, the dyeing and finishing production units make very intense use of gas. These production units are mainly composed by boilers and driers, which only work on gas and there is no alternative technology.
  • The textile services sector is also struggling: with the critical nature of the service they provide, they require a considerable amount of energy to keep services, particularly hospitals and care homes stocked with lifesaving material as well as clothing and bed linens for the patients themselves. Losing these businesses would cause a lack of clothing for healthcare professionals, including protective sanitary gowns for surgeons, nurses and doctors, uniforms including other forms of personal protective equipment.
Source:

Euratex

15.09.2022

World Natural Fibre Update September 2022

World Natural Fibre Production in 2022 is estimated at 32.6 million tonnes, down 1.1 million tonnes from the estimate one month ago. Production reached 33.3 million tonnes in 2021 and 31.6 million in 2020.

A drought in Texas where over half of cotton produced in the United States is grown, and flooding in Pakistan, the fifth largest cotton producer, account for the decline (www.ICAC.org).

World Natural Fibre Production in 2022 is estimated at 32.6 million tonnes, down 1.1 million tonnes from the estimate one month ago. Production reached 33.3 million tonnes in 2021 and 31.6 million in 2020.

A drought in Texas where over half of cotton produced in the United States is grown, and flooding in Pakistan, the fifth largest cotton producer, account for the decline (www.ICAC.org).

  • Nearby cotton futures on the Intercontinental Exchange rose 14% from the end of July and finished August at $2.60 per kilogram.
  • The Eastern Market Indicator of wool prices in Australia, fell 1% from mid-July to mid-August to US$9.27 per kilogram.
  • Prices of jute fibre in India quoted by the Jute Balers Association (JBA) at the end of August converted to US$ fell 4% from a month earlier to 79 cents per kilogram.
  • Prices of silk in China equalled US$ 28.7 per kilogram at the end of August, compared with US$29.5 per kilogram in July 2022, a change of 3%.
  • Coconut coir fibre in India held at US cents 21 per kilogram in August.

World production of jute and allied fibres is estimated unchanged at 3.2 million tonnes in 2022 compared with 2021. High market prices in 2021 motivated farmers to expand planted area in both Bangladesh and India, but dry weather during June and July will limit yields per hectare. Normal monsoon rains resumed in South Asia during August, too late for the 2022 jute crop (https://www.wgc.de/en/).

Production of coir fibre rose by an average of 18,000 tonnes per year during the past decade, and production was at a record high of 1.12 million tonnes in 2021. Production is expected to remain high in 2022.

Flax has also been trending upward, rising by an average of 27,000 tonnes per year, and production in 2022 is estimated to remain above one million tonnes.

World wool production is forecast up by 5% in 2022 to 1.09 million tonnes (clean), the highest since 2018. Wetter weather in the Southern Hemisphere, following eight years of drought, is allowing farmers to rebuild herds (https://www.wool.com/market-intelligence/).

Natural fibres are heavily-traded commodities, and supply chain disruptions are causing significant economic losses as freight costs remain high and deliveries are delayed.

About 40% of world cotton production moves as fibre in international trade each season. Over half of world jute production moves as fibre or product, and around 55% of world wool production is exported as raw wool. Abaca, flax, and sisal are also heavily traded.

Most natural fibre exports traverse back-haul ocean freight routes from the Western Hemisphere to East Asia and the Middle East, from South Asia to East Asia and Europe, from Africa to East Asia and the Middle East, and from Australia and South Africa to China. Such routes are relatively underserved in the best of times, and reduced sailings since the start of Covid are restricting trade volumes.

As of the end of August, Freightos (https://fbx.freightos.com/) quoted the cost of moving a 40’ container from the United States West Coast to East Asia at $793, compared with $1,020 in March 2022. Nevertheless, average freight costs on back -haul routes used by natural fibres remain approximately triple their pre-covid levels. In addition to ocean freight costs, inland transportation is also affected by high fuel prices and a lack of containers. As one example, charges for inland handling of export containers in Bangladesh, the largest exporter of raw jute, increased by 48 per cent during August.

More information:
DNFI
Source:

Discover Natural Fibres Initiative

15.09.2022

DyStar cautiously optimistic about the financial and environmental performance

  • Integrated Sustainability Report 2021 – 2022 published

DyStar, a leading specialty chemical company released its twelfth annual Sustainability Performance Report. The report is prepared in accordance with the updated GRI Standards 2021: Core option. DyStar continues to adopt the Integrated Reporting <IR> framework to communicate how the group has successfully created tangible value across multiple stakeholder groups in six major capitals.

DyStar reports that they have inched themselves closer to some of their 2025 target of reducing the environmental footprint by 30% for every ton of product, from 2011 levels. Here are some key highlights for FY2021:

  • Integrated Sustainability Report 2021 – 2022 published

DyStar, a leading specialty chemical company released its twelfth annual Sustainability Performance Report. The report is prepared in accordance with the updated GRI Standards 2021: Core option. DyStar continues to adopt the Integrated Reporting <IR> framework to communicate how the group has successfully created tangible value across multiple stakeholder groups in six major capitals.

DyStar reports that they have inched themselves closer to some of their 2025 target of reducing the environmental footprint by 30% for every ton of product, from 2011 levels. Here are some key highlights for FY2021:

  • Recorded more than 29% increase in revenue compared to 2020
  • Zero workplace fatalities, high-consequence injuries, and work-related ill health
  • 40% reduction in Greenhouse gas (GHG) emission intensity, compared to 2011
  • 37% decrease in wastewater emission intensity, compared to 2011

The Group was able to remain resilient and steer itself toward optimistic growth and recovery from the global pandemic in FY2021. In face of recent geopolitical events and macroeconomic factors such as soaring energy costs, DyStar and the wider supply chain will continue to face challenges. As a result, the company believes it is crucial to stay committed to their 2025 Sustainability goals to continue generating value for all stakeholders in the longer term, well beyond these turbulent times.

The report communicates DyStar’s progress towards its sustainability agenda and material topics. As part of our commitment to environmental sustainability, only an e-magazine and a PDF version will be made available for download from www.DyStar.com/sustainability-reports/

More information:
DyStar Sustainability Report
Source:

DyStar