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DyStar Systainability Report 2022/23 DyStar Singapore Pte Ltd
25.08.2023

DyStar Releases 2022 – 2023 Integrated Sustainability Report

DyStar, a leading specialty chemical company announced the release of its thirteenth annual Integrated Sustainability Report. The report is prepared in accordance with the updated GRI Standards 2021: Core Options. Despite the challenging business landscape and economic situations, DyStar remains committed to delivering tangible values that the Group has strategically created through the six major capitals, using the Integrated Reporting <IR> framework.

DyStar’s business strategies have proven their effectiveness and delivered significant progress toward its 2025 targets. The company has successfully reduced its environmental footprint in Greenhouse Gas Emission intensity and Wastewater production intensity by more than 30%, compared to the baseline year 2011.

More specifically, DyStar’s Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions intensity was 45% lower (tCO2e per ton production) than the baseline year 2011, with a totaled GHG emission of 56.91 thousand tCO2e. This is also 9% lower when compared to FY2021.

DyStar, a leading specialty chemical company announced the release of its thirteenth annual Integrated Sustainability Report. The report is prepared in accordance with the updated GRI Standards 2021: Core Options. Despite the challenging business landscape and economic situations, DyStar remains committed to delivering tangible values that the Group has strategically created through the six major capitals, using the Integrated Reporting <IR> framework.

DyStar’s business strategies have proven their effectiveness and delivered significant progress toward its 2025 targets. The company has successfully reduced its environmental footprint in Greenhouse Gas Emission intensity and Wastewater production intensity by more than 30%, compared to the baseline year 2011.

More specifically, DyStar’s Scope 1 and Scope 2 Greenhouse Gas (GHG) Emissions intensity was 45% lower (tCO2e per ton production) than the baseline year 2011, with a totaled GHG emission of 56.91 thousand tCO2e. This is also 9% lower when compared to FY2021.

Similarly, for Wastewater production intensity, DyStar achieved a 52% reduction compared to baseline year 2011, and a 24% reduction from FY2021.

Some other key highlights and value-adds include (when compared to FY2021):

  • Financial Capital: The results of production efficiency and streamlining manufacturing indirectly contributed to the reduction of 5.8% in operating cost
  • Manufactured Capital: Apart from ensuring quality suppliers through DyStar’s internal audit, DyStar’s effort on environmental performance and climate impacts with the Institute of Public & Environmental Affairs (IPE) was recognized and ranked second by industry on IPE’s Green Supply Chain Corporate Information Transparency Index (CITI)
  • Intellectual Capital: The innovative Cadira® modules continue to support the supply chain with a lower carbon footprint
  • Human Capital: The full launch of DyStar University (DSU), a proprietary LMS, supports the learning and development of employees globally
  • Social Capital: DyStar’s culturally diverse workforce organized a variety of activities and events in support of its global community and made a total contribution of USD 128,946 to various corporate social responsibility (“CSR”) program.

Despite the harsh economic headwinds, these figures further demonstrated the effectiveness of DyStar’s initiatives that were installed throughout the reporting year.

DyStar maintains a cautious yet optimistic outlook on its global performance.

More information:
DyStar Sustainability Report
Source:

DyStar Singapore Pte Ltd

25.08.2023

Exist research transfer project FoxCore successfully launched

The FoxCore founding team and the ITM at TU Dresden aim to usher in a new era for fastening solutions in lightweight construction with the start of the Exist research transfer project FoxCore. The project started on June 1, 2023, and will run until November 30, 2024, with support from the German Federal Ministry of Economics and Climate Protection (BMWK) and the European Social Fund (ESF).

The innovative company is to develop and offer new and customer-oriented fastening solutions for lightweight construction applications. Safety and performance of lightweight solutions in various industries are to be increased. FoxCore's objective is to take a leading role in fastening technology.

Daniel Weise, Philipp Schegner, Michael Vorhof and Cornelia Sennewald form the FoxCore team; they will work closely with the Institute of Textile Machinery and Textile High Performance Materials (ITM) at TU Dresden. Together, they will develop optimal manufacturing technologies and establish a widespread network of customers and suppliers.

The FoxCore founding team and the ITM at TU Dresden aim to usher in a new era for fastening solutions in lightweight construction with the start of the Exist research transfer project FoxCore. The project started on June 1, 2023, and will run until November 30, 2024, with support from the German Federal Ministry of Economics and Climate Protection (BMWK) and the European Social Fund (ESF).

The innovative company is to develop and offer new and customer-oriented fastening solutions for lightweight construction applications. Safety and performance of lightweight solutions in various industries are to be increased. FoxCore's objective is to take a leading role in fastening technology.

Daniel Weise, Philipp Schegner, Michael Vorhof and Cornelia Sennewald form the FoxCore team; they will work closely with the Institute of Textile Machinery and Textile High Performance Materials (ITM) at TU Dresden. Together, they will develop optimal manufacturing technologies and establish a widespread network of customers and suppliers.

Source:

Institute of Textile Machinery and High Performance Material Technology (ITM)
TU Dresden

ElasTool in a lifting unit, e.g. for logistics, transport or mining Grafik JUMBO-Textil
ElasTool in a lifting unit, e.g. for logistics, transport or mining
22.08.2023

JUMBO-Textil: Lubricant-free tensioning and clamping system

From mechanical engineering to the construction industry, from logistics to rescue technology – tensioning and clamping systems fulfil important tasks in a number of industries. The possible uses of technical textiles for industrial applications of this kind are manifold.

Patented and precisely configured
The ElasTool system from the elastics expert consists of a connection tool and a rubber rope connected to this tool via integrated locking elements. The stainless steel, aluminium or plastic connection tool and the rubber rope – with a thickness of between 12 and 38 mm – are each configured to fit precisely. The highlight of the patented connection solution: the more tensile force is exerted, the more the rope is jammed. Thanks to the locking system, ElasTool still provides a secure hold even when the diameter of the rubber rope narrows to up to 60 percent due to the tensile load. A crucial advantage over conventional end connections by pressing.

From mechanical engineering to the construction industry, from logistics to rescue technology – tensioning and clamping systems fulfil important tasks in a number of industries. The possible uses of technical textiles for industrial applications of this kind are manifold.

Patented and precisely configured
The ElasTool system from the elastics expert consists of a connection tool and a rubber rope connected to this tool via integrated locking elements. The stainless steel, aluminium or plastic connection tool and the rubber rope – with a thickness of between 12 and 38 mm – are each configured to fit precisely. The highlight of the patented connection solution: the more tensile force is exerted, the more the rope is jammed. Thanks to the locking system, ElasTool still provides a secure hold even when the diameter of the rubber rope narrows to up to 60 percent due to the tensile load. A crucial advantage over conventional end connections by pressing.

Economical and low maintenance
The system has further advantages: the textile solution runs quietly. Unlike clamping systems with steel cable springs, there is no creaking here. In addition, textiles, plastic and aluminium are particularly lightweight materials. ElasTool therefore saves energy. Another benefit: the connection system works without lubricating oil. While conventional tensioning and clamping solutions in industrial plants and products have to be oiled regularly, the JUMBO textile system works completely maintenance-free.

Versatile and easily interchangeable
Depending on the area of application of the ElasTool, the interchangeable head can be exchanged: Plastic hook instead of aluminium eyelet, stainless steel flange instead of aluminium hook – for example. The interchangeable head can be replaced effortlessly and without special tools.

"A lifting system in a high-bay warehouse, a trolley in a crane, damping for compressors or crash systems – these are just three of the many possible applications. We adapt the dimensions, material, force-stretch behaviour, flame retardancy – like all properties – specifically to the respective project," emphasises Carl Mrusek, Chief Sales Officer of JUMBO-Textil. "Thus, with ElasTool, we offer a safe load connection for a wide variety of applications in industry."

ElasTool from JUMBO-Textil

  • Lightweight and flexible alternative to conventional tensioning and clamping systems
  • Suitable even in small installation spaces
  • With individual specifications and infinitely customisable dimensions
  • Connection tool optionally made of plastic, aluminium or stainless steel
  • Rubber rope in a thickness of 12 to 38 mm
  • Rubber rope made of polyamide, polyester, recycled PES, polypropylene, aramid, Dyneema, monofilament, natural fibres
  • Different interchangeable head shapes possible
  • As an end connection or for coupling with other machine elements
  • Tensile load up to 600 N, in individual cases more than this
  • Individually configurable e.g. with hook, eyelet or flange
Source:

JUMBO-Textil

Adidas: Official Match Balls of 2023/24 UEFA Champions League and UEFA Women’s Champions League adidas
22.08.2023

Adidas: Official Match Balls of 2023/24 UEFA Champions League and UEFA Women’s Champions League

adidas revealed the Official Match Balls for the 2023/24 UEFA Champions League and the UEFA Women’s Champions League.

Set on a metallic silver background, the men’s iteration of the Official Match Ball integrates a single letter from the instantly recognisable chorus lyric – ‘THE CHAMPIONS’ - onto each of the 12 stars, in an opulent calligraphy style. Visual representations of the musical tones of the song interject the stars, in striking royal purple, red and blue - colours specifically chosen to represent the footballing royalty competing for the coveted UEFA Champions League trophy.

The introduction of a bespoke anthem for the UEFA Women’s Champions League in the 2021/22 season, marked the start of a new dawn for the tournament. In honour of that moment, the new design incorporates the lyrics of the song in two of the ball’s eye-catching star panels – creating a unique circular text pattern in bright orange. The remaining ten stars feature a wavy purple and pink print, curated using the same words from the anthem, but significantly enlarged to create an abstract and attention-grabbing look.

adidas revealed the Official Match Balls for the 2023/24 UEFA Champions League and the UEFA Women’s Champions League.

Set on a metallic silver background, the men’s iteration of the Official Match Ball integrates a single letter from the instantly recognisable chorus lyric – ‘THE CHAMPIONS’ - onto each of the 12 stars, in an opulent calligraphy style. Visual representations of the musical tones of the song interject the stars, in striking royal purple, red and blue - colours specifically chosen to represent the footballing royalty competing for the coveted UEFA Champions League trophy.

The introduction of a bespoke anthem for the UEFA Women’s Champions League in the 2021/22 season, marked the start of a new dawn for the tournament. In honour of that moment, the new design incorporates the lyrics of the song in two of the ball’s eye-catching star panels – creating a unique circular text pattern in bright orange. The remaining ten stars feature a wavy purple and pink print, curated using the same words from the anthem, but significantly enlarged to create an abstract and attention-grabbing look.

The balls are optimised to cope with the demands of the modern game, incorporating a range of adidas performance technology – including a PRISMA surface texture which offers Europe’s finest players precision on the ball. The outer texture coating, found on all UEFA Champions League and UEFA Women’s Champions League Official Match Balls, offers secure grip and control on the ball while the thermally bonded seamless construction ensures the balls retain optimum shape to deliver ultimate performance on the pitch.

More information:
adidas adidas AG
Source:

adidas

adidas: Celebrating Women's Tennis with FW23 New York Collection (c) adidas AG
18.08.2023

adidas: Celebrating Women's Tennis with FW23 New York Collection

As part of the 12-piece collection, adidas introduces the SST Jacket – for men and women – as well as the Avacourt in a refreshed look. Both pieces share a bold blue hue – synonymous with the outfit that Billie Jean King wore in the Battle of the Sexes match – which is applied throughout the collection as a consistent design story.

The SST Jacket is inspired by the classic adidas tennis tracksuits from the era when Billie Jean King was at the height of her career, changing tennis on and off the court for years to come.

As part of the 12-piece collection, adidas introduces the SST Jacket – for men and women – as well as the Avacourt in a refreshed look. Both pieces share a bold blue hue – synonymous with the outfit that Billie Jean King wore in the Battle of the Sexes match – which is applied throughout the collection as a consistent design story.

The SST Jacket is inspired by the classic adidas tennis tracksuits from the era when Billie Jean King was at the height of her career, changing tennis on and off the court for years to come.

The Avacourt, having originally launched in 2022, is created and engineered to best support women when playing tennis – featuring a women’s specific last, increased torsion, softer materials and a midfoot support saddle. Updates for the 2023 season bridge today’s silhouette with the one worn by Billie Jean King 50 years ago – which was adidas’ first ever signature tennis shoe for women – via its color story, as well as key material updates. The suede leather tongue has a retro feel and soft premium touch, with the toe guard made from a synthetic suede finishing. Adding to the comfort, the heel collar is lined with terry cloth – a fabric synonymous with the era.

Other key pieces in the collection include the Tennis Modular Leotard AEROREADY Pro with detachable skirt, the Tennis Transformative AEROREADY Dress Pro that evolves into two different styles, and the Tennis Reversible AEROREADY Match Skirt Pro with Tennis HEAT.RDY Short Tight Pro layered underneath. For men, key pieces include the Tennis HEAT.RDY Freelift Polo Shirt Pro, the Tennis Reversible AEROREADY Freelift T-Shirt Pro and the Tennis AEROREADY 2 IN 1 Short Pro.

More information:
adidas Sportswear
Source:

adidas AG

Trützschler and Balkan join forces (c) Trützschler
Markus Wurster, Director Sales and Marketing at Trützschler Group (left), and Osman Balkan, Owner of Balkan Textile Machinery INC.CO (right).
18.08.2023

Trützschler and Balkan join forces

Trützschler announces their cooperation with Balkan Textile Machinery. INC.CO, a partner which completes Trützschler's product portfolio for recycling by cutting and pulling solutions.

Both Balkan and Trützschler are family-owned companies for whom sustainability in the textile chain is a major concern. Balkan is well established in Turkey, one of the most important markets for textile recycling. Their robust and reliable machines help to cut, mix and tear textile waste to individual fibers, and to press them into bales of secondary fibers. These bales can be fed to the preparation process with Trützschler machines.

Trützschler announces their cooperation with Balkan Textile Machinery. INC.CO, a partner which completes Trützschler's product portfolio for recycling by cutting and pulling solutions.

Both Balkan and Trützschler are family-owned companies for whom sustainability in the textile chain is a major concern. Balkan is well established in Turkey, one of the most important markets for textile recycling. Their robust and reliable machines help to cut, mix and tear textile waste to individual fibers, and to press them into bales of secondary fibers. These bales can be fed to the preparation process with Trützschler machines.

“We are now able to provide a complete line-up of technologically leading machinery which has been specifically developed for rotor and ring yarns from recycled materials”, says Markus Wurster, Director Sales and Marketing at Trützschler Group. “Customers benefit from less complexity when planning and executing a mill project. The combined processes from Trützschler and Balkan are perfectly fine-tuned, reliable and reproducible. And of course, customers have access to Trützschler’s premium service.” Osman Balkan, Owner of Balkan Textile Machinery. INC.CO, adds: “I am very happy that we can join forces with such a strong international player like Trützschler. Together we can make a significant contribution to dealing with textile waste globally."

Source:

Trützschler Group SE

SHIMA SEIKI at Preview in SEOUL (c) SHIMA SEIKI MFG., LTD.
18.08.2023

SHIMA SEIKI at Preview in SEOUL

SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Korean subsidiary SHIMA SEIKI KOREA INC., will participate in the Preview in SEOUL exhibition in Seoul, Republic of Korea this month (23rd - 25th of August 2023).

SHIMA SEIKI will show its SWG061N2 compact WHOLEGARMENT® knitting machine which can produce a wide range of WHOLEGARMENT® items in their entirety without the need for linking or sewing. The SWG-N2 series “Mini” range is suited to the production of small knit items and accessories such as gloves, socks, hats and scarves as well as cozies, shoe uppers, bags, card cases, glasses cases, smartphone covers and other personal items. The N.SVR093SP is a conventional shaped knitting machine featuring a loop presser bed that yields novel fabrics with special inlay patterns that are produced by inserting yarn into knit fabric in a weave fashion, offering new and exciting possibilities in hybrid knit-weave textiles. Both machines will be shown knitting such items as bags and sporting goods to demonstrate the capability of current knitting technology for producing non-apparel items.

SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Korean subsidiary SHIMA SEIKI KOREA INC., will participate in the Preview in SEOUL exhibition in Seoul, Republic of Korea this month (23rd - 25th of August 2023).

SHIMA SEIKI will show its SWG061N2 compact WHOLEGARMENT® knitting machine which can produce a wide range of WHOLEGARMENT® items in their entirety without the need for linking or sewing. The SWG-N2 series “Mini” range is suited to the production of small knit items and accessories such as gloves, socks, hats and scarves as well as cozies, shoe uppers, bags, card cases, glasses cases, smartphone covers and other personal items. The N.SVR093SP is a conventional shaped knitting machine featuring a loop presser bed that yields novel fabrics with special inlay patterns that are produced by inserting yarn into knit fabric in a weave fashion, offering new and exciting possibilities in hybrid knit-weave textiles. Both machines will be shown knitting such items as bags and sporting goods to demonstrate the capability of current knitting technology for producing non-apparel items.

SDS®-ONE APEX design system and APEXFiz® subscription-based design software will also be on display. Both support the creative side of fashion from planning and design to colorway evaluation, realistic fabric simulation and 3D virtual sampling. Virtual samples are a digitized version of sample making that are accurate enough to be used effectively as prototypes, replacing physical sampling and consequently reducing time, cost and material that otherwise go to waste. Virtual samples can furthermore be used in e-commerce to gauge consumer demand before production begins. Feeding that information back to production and combined with on-demand WHOLEGARMENT® knitting technology, production can be adjusted to optimize inventory and minimize leftover waste. APEXFiz® thereby helps to realize sustainability and digitally transform the fashion supply chain.

Source:

SHIMA SEIKI MFG., LTD.

18.08.2023

Baldwin Launches New PrintEnomic$ Online Resource

Baldwin Technology Co. Inc. has launched PrintEnomic$, a new online resource of specialized eBooks and resources for corrugated, narrow web and sheet-fed and web offset printers at PrintEnomics.com.

The collection of Baldwin videos, podcasts and instructional guides are available for free and without firewalls to help maximize printer profitability. The eBooks analyze trends, issues, and technology options specific to printers in all three categories.

More than 5,000 print industry professionals have already downloaded or viewed earlier, limited-release eBooks “Untangling the Web” for narrow web and “From Beast to Beauty” for corrugated. The addition of “Video Didn't Kill the Radio Star. And Digital Didn't Kill Print” for sheet-fed and web offset printers completes the comprehensive PrintEnomic$ portfolio.
 
Through interviews with customers, industry insiders, in-house engineers – and reviews of the latest reporting – the eBooks explore pressing topics including sustainability, labor challenges, counterfeiting, and brand protection.

Baldwin Technology Co. Inc. has launched PrintEnomic$, a new online resource of specialized eBooks and resources for corrugated, narrow web and sheet-fed and web offset printers at PrintEnomics.com.

The collection of Baldwin videos, podcasts and instructional guides are available for free and without firewalls to help maximize printer profitability. The eBooks analyze trends, issues, and technology options specific to printers in all three categories.

More than 5,000 print industry professionals have already downloaded or viewed earlier, limited-release eBooks “Untangling the Web” for narrow web and “From Beast to Beauty” for corrugated. The addition of “Video Didn't Kill the Radio Star. And Digital Didn't Kill Print” for sheet-fed and web offset printers completes the comprehensive PrintEnomic$ portfolio.
 
Through interviews with customers, industry insiders, in-house engineers – and reviews of the latest reporting – the eBooks explore pressing topics including sustainability, labor challenges, counterfeiting, and brand protection.

Source:

Baldwin Technology Company Inc.

09.08.2023

Carrington Textiles and Pincroft Debut at DALO Industry Days

The Danish Ministry of Defence Acquisition and Logistics Organisation (DALO) Industry Days event is scheduled to take place from 23rd to 24th August in Denmark. Carrington Textiles and their main manufacturing facility in the UK, Pincroft, will showcase their latest innovations in military textiles.

Carrington Textiles - after recently announcing the launch of the new stretch military ripstop fabric, Spartan HT Flex Lite, and strategically appointing the new Head of Defence and Security Fabrics -  at the event represents the commercial focus on building on an over 90 years of heritage of manufacturing military fabrics.

Likewise, Pincroft’s latest technology in non-skin contact vector protection for defence textiles and the recent involvement in printing the new Dutch Ministry of Defence’s camouflage pattern as part of their army’s uniform programme, are just a few of the textile services that will be presented at the event.

The Danish Ministry of Defence Acquisition and Logistics Organisation (DALO) Industry Days event is scheduled to take place from 23rd to 24th August in Denmark. Carrington Textiles and their main manufacturing facility in the UK, Pincroft, will showcase their latest innovations in military textiles.

Carrington Textiles - after recently announcing the launch of the new stretch military ripstop fabric, Spartan HT Flex Lite, and strategically appointing the new Head of Defence and Security Fabrics -  at the event represents the commercial focus on building on an over 90 years of heritage of manufacturing military fabrics.

Likewise, Pincroft’s latest technology in non-skin contact vector protection for defence textiles and the recent involvement in printing the new Dutch Ministry of Defence’s camouflage pattern as part of their army’s uniform programme, are just a few of the textile services that will be presented at the event.

Source:

Carrington Textiles

Graphik CHT
08.08.2023

CHT Group publishes Sustainability Report 2022

The Sustainability Report 2022, which is now digitally available summarizes key ecological, economic, and social developments.
The report shows that the CHT Group has defined and anchored sustainability as an integral part of its corporate strategy.
 

  • The group of companies is pursuing the goal of becoming climate-neutral by 2045
  • At the end of 2021, the CHT Group subscribed to the Science Based Targets initiative (SBTi) to meet the targets of the Paris Climate Agreement and committed to the 1.5 °C target
  • 77 % of sales were achieved with sustainably classified products

The issue of sustainability has been anchored in the DNA of the internationally active foundation-owned group of companies for 70 years. No less an aspiration is derived from this than to support all customers with the most innovative, most sustainable products and solutions and thus to become the leading supplier of sustainable chemical products and solutions in all target markets.

The Sustainability Report 2022, which is now digitally available summarizes key ecological, economic, and social developments.
The report shows that the CHT Group has defined and anchored sustainability as an integral part of its corporate strategy.
 

  • The group of companies is pursuing the goal of becoming climate-neutral by 2045
  • At the end of 2021, the CHT Group subscribed to the Science Based Targets initiative (SBTi) to meet the targets of the Paris Climate Agreement and committed to the 1.5 °C target
  • 77 % of sales were achieved with sustainably classified products

The issue of sustainability has been anchored in the DNA of the internationally active foundation-owned group of companies for 70 years. No less an aspiration is derived from this than to support all customers with the most innovative, most sustainable products and solutions and thus to become the leading supplier of sustainable chemical products and solutions in all target markets.

"Climate neutrality" and comprehensive social responsibility  
In the implementation of the sustainability strategy of the CHT Group, the field of action "climate neutrality" takes a central role. The CHT Group has set itself the goal of being climate neutral both in its own production and in the supply chain from the year 2045. The path to climate neutrality by 2045 is illustrated in the report as part of the strategic goal.

In addition to climate protection, social responsibility is also a top priority for the CHT Group. The continuous improvement of health protection and occupational safety is a top priority for the company.

From CHT's point of view, qualified and committed employees make a significant contribution to the company's future success. For this reason, the CHT Group promotes the professional and personal development of its workforce to a high degree and invests in future-oriented and targeted training and further education of its workforce.

For the CHT Group, the respect for human rights is an indispensable pillar of the corporate culture and an essential part of the group-wide Code of Conduct. In 2022, the Human Rights Compliance Policy Statement was developed, and compliance processes and measures were put in place to prevent any violations and identify and mitigate human rights related risks.

 

More information:
CHT Group Sustainability Report
Source:

CHT Gruppe

FET’s stand at ITMA 2023, Milan Photo Fibre Extrusion Technology
FET’s stand at ITMA 2023, Milan
08.08.2023

FET completes sequence of exhibitions for 2023

Fibre Extrusion Technology Ltd (FET) of Leeds, UK has completed an international series of exhibitions, culminating in a very successful ITMA 2023, the world’s largest international textile and garment technology exhibition, which took place in Milan, Italy in June.

 “This was a very hectic period for FET, organising participation in three exhibitions in Europe and Asia over a period of less than four months” commented FET’s Managing Director Richard Slack. “However, this provides a great opportunity for smaller specialist companies like FET to raise our profile on the international stage, showing what we can offer, alongside major corporations. Being able to meet so many customers face-to-face, post pandemic also indicates a welcome return to normal business relationships.”

Prior to this was INDEX 23 in April, the world’s leading nonwovens exhibition in Geneva. The exhibition season began earlier in the year with the “Green Textile and Innovation Technology Forum and Exhibition” in Hong Kong, taking a small booth to support the event and FET’s official agent in the region, Chemtax.

Fibre Extrusion Technology Ltd (FET) of Leeds, UK has completed an international series of exhibitions, culminating in a very successful ITMA 2023, the world’s largest international textile and garment technology exhibition, which took place in Milan, Italy in June.

 “This was a very hectic period for FET, organising participation in three exhibitions in Europe and Asia over a period of less than four months” commented FET’s Managing Director Richard Slack. “However, this provides a great opportunity for smaller specialist companies like FET to raise our profile on the international stage, showing what we can offer, alongside major corporations. Being able to meet so many customers face-to-face, post pandemic also indicates a welcome return to normal business relationships.”

Prior to this was INDEX 23 in April, the world’s leading nonwovens exhibition in Geneva. The exhibition season began earlier in the year with the “Green Textile and Innovation Technology Forum and Exhibition” in Hong Kong, taking a small booth to support the event and FET’s official agent in the region, Chemtax.

FET designs, develops and manufactures extrusion equipment for a wide range of high value textile material applications worldwide and the variety of these three exhibitions illustrates FET’s scope in the industry.

More information:
Fibre Extrusion Technology
Source:

Fibre Extrusion Technology

Photo Indorama Ventures Public Company Limited
08.08.2023

Indorama Ventures almost triples PET recycling capacity in Brazil

Indorama Ventures Public Company Limited, one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, announced the completion of the expansion of its recycling facility in Brazil, supported by a ‘Blue Loan’ from the International Finance Corporation (IFC), a member of the World Bank.

The recycling facility, located in Juiz de Fora, Minas Gerais, Brazil, is increasing its production capacity from 9 thousand tons to 25 thousand tons per year of PET made from post-consumer recycled (PET-PCR) material. The project is part of Indorama Ventures’ Vision 2030 ambition to continue building a sustainable global company, including spending $1.5 billion to increase its recycling capacity to 50 billion PET bottles per year by 2025.

PET is a unique and widely used plastic for water and soda bottles and the most recycled plastic in the world. Indorama Ventures, the world’s largest provider of recycled PET resin used to make beverage bottles, invested US$20 million to optimize its Brazil facility’s processes and acquire new equipment such as washing machines to help remove labels, grind bottles in water and reduce water consumption by 70%.

Indorama Ventures Public Company Limited, one of the world’s largest producers of recycled Polyethylene Terephthalate (PET) resin, announced the completion of the expansion of its recycling facility in Brazil, supported by a ‘Blue Loan’ from the International Finance Corporation (IFC), a member of the World Bank.

The recycling facility, located in Juiz de Fora, Minas Gerais, Brazil, is increasing its production capacity from 9 thousand tons to 25 thousand tons per year of PET made from post-consumer recycled (PET-PCR) material. The project is part of Indorama Ventures’ Vision 2030 ambition to continue building a sustainable global company, including spending $1.5 billion to increase its recycling capacity to 50 billion PET bottles per year by 2025.

PET is a unique and widely used plastic for water and soda bottles and the most recycled plastic in the world. Indorama Ventures, the world’s largest provider of recycled PET resin used to make beverage bottles, invested US$20 million to optimize its Brazil facility’s processes and acquire new equipment such as washing machines to help remove labels, grind bottles in water and reduce water consumption by 70%.

In November 2020, the IFC provided $300 million in Blue Loan funding to Indorama Ventures with the objective of increasing recycling capacity and diverting plastic waste from landfills and oceans in Thailand, Indonesia, Philippines, India, and Brazil—countries which are grappling with mismanaged waste and serious plastic waste in the environment. Blue Loan funds are certified and tracked for projects that support sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health. Indorama Ventures has secured a total US$2.4 billion in long-term sustainable financing from various financial institutions between 2018–2022 to support sustainability projects.

Source:

Indorama Ventures Public Company Limited 

07.08.2023

SGL Carbon: Confirmation of the full-year guidance for 2023

  • Sales up 1.9% year-on-year to €560.5 million with stable adjusted EBITDA of €88.0 million
  • Strong business performance of the Graphite Solutions, Process Technology and Composite Solutions businesses
  • Sales and earnings decline at Carbon Fibers due to weakness of wind market
  • Impairment at Carbon Fibers of €44.7 million

Despite the increasingly difficult economic environment, SGL Carbon was able to increase sales in H1 2023 from €549.8 million in the previous year to €560.5 million. Adjusted EBITDA (EBITDApre) remained almost unchanged at €88.0 million (H1 2022: €87.9 million). The expected good business performance of the Graphite Solutions business unit and the better-than-expected sales and earnings development of Process Technology and Composite Solutions compensated the drop in demand in Carbon Fibers.

  • Sales up 1.9% year-on-year to €560.5 million with stable adjusted EBITDA of €88.0 million
  • Strong business performance of the Graphite Solutions, Process Technology and Composite Solutions businesses
  • Sales and earnings decline at Carbon Fibers due to weakness of wind market
  • Impairment at Carbon Fibers of €44.7 million

Despite the increasingly difficult economic environment, SGL Carbon was able to increase sales in H1 2023 from €549.8 million in the previous year to €560.5 million. Adjusted EBITDA (EBITDApre) remained almost unchanged at €88.0 million (H1 2022: €87.9 million). The expected good business performance of the Graphite Solutions business unit and the better-than-expected sales and earnings development of Process Technology and Composite Solutions compensated the drop in demand in Carbon Fibers.

In particular, the Graphite Solutions (GS) business unit contributed to the stable development of the Company with a 15.3% increase in sales to €280.6 million (H1 2022: €243.4 million) and a 20.6% improvement in adjusted EBITDA to €65.1 million (H1 2022: €54.0 million). GS benefited especially from the high demand of the semiconductor industry. The semiconductor and LED market segment now accounts for around 45% of GS revenue (H1 2022: around 35%).

With a 30.9% increase in sales to €64.4 million (H1 2022: €49.2 million) and a significant rise in adjusted EBITDA from €4.1 million to €11.9 million, the business performance of Process Technology (PT) was significantly above the original planning. Composite Solutions (CS) also reported a higher-than-forecast sales increase of 14.4% to €79.6 million in H1 2023 (H1 2022: €69.6 million) and an improvement in adjusted EBITDA of 26.8% to €12.3 million (H1 2022: €9.7 million). By contrast, the business performance of the Carbon Fibers (CF) unit was not in line with expectations, with a 28.9% decline in sales to €125.1 million (H1 2022: €176.0 million) and a 78.4% drop in earnings to €6.1 million (H1 2022: €28.2 million).

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

As already announced in the ad hoc release of July 24, 2023, an impairment loss of €44.7 million was recognized on the assets of Carbon Fibers as of June 30, 2023.

Results situation
SGL Carbon's adjusted EBITDA (EBITDApre) remained almost stable in a half-year comparison at €88.0 million (H1 2022: €87.9 million). Due to the lack of demand from wind industry, CF's production capacity utilization decreased and idle capacity costs weighed on adjusted EBITDA. By contrast, higher margins from product mix and volume effects in the other three business units had a positive impact on adjusted EBITDA.

Non-recurring items and one-off effects not included in adjusted EBITDA totaled minus €46.9 million in the first half of 2023, of which €44.7 million resulted from an impairment loss in the CF business unit.

In addition to the above-mentioned effects and nearly unchanged depreciation and amortization of €29.1 million (H1 2022: €28.9 million), the decline in EBIT resulted in particular from the impairment loss already described (€44.7 million). After €69.6 million in H1 2022, EBIT amounted to €12.0 million in the reporting period.

Taking into account the slightly improved financial result of minus €15.8 million (H1 2022: minus €16.6 million), consolidated net income for the first six months of the current financial year amounted to minus €10.0 million, compared to €48.8 million in the first half of the previous year.

Net financial debt and equity
To complete its refinancing, SGL Carbon issued convertible bonds with a volume of €118.7 million in June 2023 and drew an existing term loan facility of €75 million in July 2023, which was used together with cash of the Company on July 28, 2023 to repay the corporate bond (outstanding as of June 30, 2023: €237.4 million). Accordingly, cash and cash equivalents increased to €310.5 million as of June 30, 2023 (€227.3 million as of December 31, 2022) and financial debt temporarily increased to €480.4 million (€398.1 million as of December 31, 2022). Net financial debt remained nearly unchanged at €169.9 million as of June 30, 2023 (Dec. 31, 2022: € 170.8 million).

Despite the impairment loss of €44.7 million in Carbon Fibers, shareholders' equity amounted to €565.2 million as of June 30, 2023, only slightly lower than at the end of 2022 (Dec. 31, 2022: €569.3 million). This corresponds to an equity ratio of 36.1% (Dec. 31, 2022: 38.5%).

Source:

SGL CARBON SE

03.08.2023

adidas: reports 2nd Q revenues flat versus the prior year

  • Currency-neutral revenues flat versus the prior-year level
  • Top-line development reflects improved sell-out trends and conservative sell-in strategy
  • Gross margin up 0.6pp to 50.9%; strong improvement compared to Q1 reflecting better sell-through and less discounting
  • Operating profit of € 176 million includes extraordinary expenses of around € 160 million related to one-off costs, donations and accruals for future donations
  • Inventory position improves substantially versus Q1 level to € 5.5 billion; now up only 1% year-over-year

In the second quarter of 2023, currency-neutral revenues were flat versus the prior-year level. The top-line development continued to be impacted by the company’s conservative sell-in approach in order to reduce high inventory levels, particularly in North America and Greater China. At the same time, adidas second quarter revenues benefited from the first sale of some of its Yeezy inventory. The initial product drop in June generated revenues of around € 400 million in Q2, which is largely in line with the Yeezy sales generated in the prior year’s quarter.

  • Currency-neutral revenues flat versus the prior-year level
  • Top-line development reflects improved sell-out trends and conservative sell-in strategy
  • Gross margin up 0.6pp to 50.9%; strong improvement compared to Q1 reflecting better sell-through and less discounting
  • Operating profit of € 176 million includes extraordinary expenses of around € 160 million related to one-off costs, donations and accruals for future donations
  • Inventory position improves substantially versus Q1 level to € 5.5 billion; now up only 1% year-over-year

In the second quarter of 2023, currency-neutral revenues were flat versus the prior-year level. The top-line development continued to be impacted by the company’s conservative sell-in approach in order to reduce high inventory levels, particularly in North America and Greater China. At the same time, adidas second quarter revenues benefited from the first sale of some of its Yeezy inventory. The initial product drop in June generated revenues of around € 400 million in Q2, which is largely in line with the Yeezy sales generated in the prior year’s quarter.

Footwear revenues grew 1% during the quarter, reflecting strong growth in football, basketball, tennis and US sports. Apparel sales declined 3% in the second quarter. As the apparel market continues to be particularly overstocked, the company continued its conservative sell-in strategy to improve sell-through and margins in the medium term. Accessories grew 8% during the quarter driven by growth in football.  

Lifestyle revenues were down during the quarter despite extraordinary demand for the company’s Samba, Gazelle and Campus franchises. While adidas slowly started to scale its offering for these product families during the second quarter, the total volume still only represents a small portion of the company’s overall business. Sales in the adidas Performance categories continued to show positive momentum. This reflects strong demand for new product introductions such as the latest iterations of its Predator, X and Copa football boots, as well as jerseys for both the FIFA Women’s World Cup 2023 and the company’s unique portfolio of football teams ahead of the start of the European club season. In addition, the Adizero product family in running continued to gain a lot of attention around marathon races across the world, translating into higher demand. At the same time, the brand’s Barricade tennis franchise grew strongly, leveraging the excitement around major tournaments.

In euro terms, the company’s revenues declined 5% to € 5.343 billion in the second quarter (2022: € 5.596 billion).

Stronger sell-out trends and conservative sell-in
As a result of the company’s initiatives to reduce high inventory levels, currency-neutral sales in wholesale declined 10% despite double-digit growth in Greater China and Latin America. At the same time, direct-to-consumer (DTC) revenues grew 16% versus the prior year. This development was driven by strong growth in both the company’s e-commerce business (+14%) as well as own retail stores (+19%), reflecting continued strong sell-out trends across most regions. The outperformance of the company’s DTC channel versus the wholesale business was also related to the first sale of the Yeezy inventory, which was done exclusively through adidas’ own e-commerce channel.

Double-digit growth in Greater China and Latin America
Currency-neutral sales in North America declined 16% during the quarter. The region is particularly affected by elevated inventory levels in the market and – in response to this – the company’s significantly reduced sell-in. Revenues in Greater China grew 16% in Q2, reflecting double-digit sell-out growth in both wholesale and own retail. Sales in EMEA were down slightly (-1%) despite double-digit DTC growth. While the company’s initiatives to reduce inventory levels and discounting weighed on the overall top-line development in the region, adidas recorded significantly improving full-price trends during the quarter. Revenues in Asia-Pacific increased 7% during the quarter, driven by strong double-digit growth in DTC. Latin America continued to increase at a double-digit rate (+30%), reflecting strong growth in both wholesale and DTC.

Gross margin improves to 50.9%
The company’s second quarter gross margin increased 0.6 percentage points to 50.9% (2022: 50.3%). This improvement was mainly driven by price increases the company has implemented as well as by an improved channel mix. At the same time, higher supply chain costs and unfavorable currency movements continued to strongly weigh on the gross margin development. While still adversely impacting the company’s gross margin in the quarter, discounting levels significantly improved compared to the first quarter of the year.  

Operating profit of € 176 million, resulting in an operating margin of 3.3%
Other operating expenses were up 3% to € 2.582 billion (2022: € 2.501 billion). As a percentage of sales, other operating expenses increased 3.6 percentage points to 48.3% (2022: 44.7%). Marketing and point-of-sale expenses decreased 7% to € 617 million (2022: € 663 million). As a percentage of sales, marketing and point-of-sale expenses slightly decreased by 0.3 percentage points to 11.5% (2022: 11.8%). Operating overhead expenses were up 7% to € 1.965 billion (2022: € 1.838 billion), reflecting higher logistics expenses. In addition, the company recorded one-off costs of around € 50 million related to the strategic review the company is currently conducting as well as donations and accruals for further donations in an amount of around € 110 million. As a percentage of sales, operating overhead expenses increased 3.9 percentage points to 36.8% (2022: 32.8%). The company’s operating profit amounted to € 176 million (2022: € 392 million) in the quarter. This amount includes the extraordinary expenses of in total around € 160 million reflecting the one-off costs related to the strategic review as well as the donations and accruals for further donations. The sale of the Yeezy product positively impacted adidas’ operating profit by an incremental amount of around € 150 million in Q2. The operating margin reached 3.3% in the quarter (2022: 7.0%).

Net income from continuing operations of € 96 million
After taxes, the company’s net income from continuing operations amounted to € 96 million (2022: € 360 million), while basic EPS from continuing operations decreased to € 0.48 (2022: € 1.88).


Outlook

adidas expects revenues to decline at a mid-single-digit rate
On July 24, adidas had adjusted its full year financial guidance to reflect the positive impact of the first sale of some of its Yeezy inventory and a slightly better-than-expected development of the adidas business in the first half of the year. At the same time, macroeconomic challenges and geopolitical tensions persist. Elevated recession risks in North America and Europe as well as uncertainty around the recovery in Greater China continue to exist. In addition, the company’s revenue development will continue to be impacted by the initiatives to significantly reduce high inventory levels. As a result, adidas now expects currency-neutral revenues to decline at a mid-single-digit rate in 2023 (previously: decline at a high-single-digit rate).

Underlying operating profit anticipated to be around the break-even level
The company’s underlying operating profit – excluding any one-offs related to Yeezy and the ongoing strategic review – is still anticipated to be around the break-even level. Including the positive impact from the first Yeezy drop of around € 150 million, the potential write-off of the remaining Yeezy inventory of now € 400 million (previously: € 500 million) and one-off costs related to the strategic review of up to € 200 million (unchanged), the company now expects to report an operating loss of € 450 million in 2023 (previously: loss of € 700 million).

On August 2, the company launched a second drop of Yeezy inventory. Throughout the month of August, adidas is making a range of existing products available through both its own e-commerce channel as well as the digital platforms of selected wholesale partners. If successful, this second drop would further improve the company’s results. However, as the results of this drop are yet unknown, it is not accounted for in the company’s current top- and bottom-line outlook for 2023.

More information:
adidas business report
Source:

adidas

03.08.2023

Lenzing awarded platinum by EcoVadis

The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, has been awarded platinum status in the EcoVadis CSR rating. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working conditions and human rights, as well as ethics and sustainable procurement.

For the third time, Lenzing has been awarded Platinum status for its sustainability performance by EcoVadis, a leading international provider of sustainability ratings for companies. This puts Lenzing in the top one percent of companies worldwide rated by EcoVadis.

EcoVadis has become the world's largest and most trusted provider of corporate sustainability ratings since its founding in 2007, creating a global network of more than 100,000 rated companies worldwide. The methodological framework assesses companies' policies, actions and activities, as well as their published reports, related to the environment, labor and human rights, ethics and sustainable procurement.

The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, has been awarded platinum status in the EcoVadis CSR rating. The rating comprehensively covers the four most important practices in the area of corporate social responsibility: environment, fair working conditions and human rights, as well as ethics and sustainable procurement.

For the third time, Lenzing has been awarded Platinum status for its sustainability performance by EcoVadis, a leading international provider of sustainability ratings for companies. This puts Lenzing in the top one percent of companies worldwide rated by EcoVadis.

EcoVadis has become the world's largest and most trusted provider of corporate sustainability ratings since its founding in 2007, creating a global network of more than 100,000 rated companies worldwide. The methodological framework assesses companies' policies, actions and activities, as well as their published reports, related to the environment, labor and human rights, ethics and sustainable procurement.

In line with its sustainability strategy “Naturally positive”, the Lenzing Group has set ambitious targets in each of its core strategic areas to further strengthen its path from a linear to a circular economy model. Lenzing reports annually on the corresponding implementation measures and the progress made in its sustainability report. This level of commitment and transparency was particularly positively highlighted by EcoVadis in its assessment. The rating provider also emphasized the Lenzing Group's comprehensive measures in the areas of environment, ethics, and labor and human rights.

More information:
Lenzing Group EcoVadis
Source:

Lenzing AG

(c) Eastman Naia
03.08.2023

Yarn made with Naia™ fibers standing for sustainability and style

The priority of sweater manufacturers has always been to select ingredients and fibers that are soft, hypoallergenic, and of the finest quality to meet consumer expectations that their sweaters are comfortable yet durable and easy to care for. According to the recent Eastman consumer study of sweater lovers, the sweaters consumers want to add to their wardrobes are soft, comfortable, stylish, and versatile. However, consumers are very disappointed when their sweaters look and feel differently after wearing and washing. Choosing fibers and materials that deliver comfort, quality and ease of care is essential to win with consumers. Today, these are compounded by the ever-present consumer demand for a sustainable paradigm. The promise of Naia™ from Eastman is exactly to make sustainable style accessible to brands and inclusive for everyone through a portfolio of fibers that doesn’t compromise on quality, comfort, or garment care.

The priority of sweater manufacturers has always been to select ingredients and fibers that are soft, hypoallergenic, and of the finest quality to meet consumer expectations that their sweaters are comfortable yet durable and easy to care for. According to the recent Eastman consumer study of sweater lovers, the sweaters consumers want to add to their wardrobes are soft, comfortable, stylish, and versatile. However, consumers are very disappointed when their sweaters look and feel differently after wearing and washing. Choosing fibers and materials that deliver comfort, quality and ease of care is essential to win with consumers. Today, these are compounded by the ever-present consumer demand for a sustainable paradigm. The promise of Naia™ from Eastman is exactly to make sustainable style accessible to brands and inclusive for everyone through a portfolio of fibers that doesn’t compromise on quality, comfort, or garment care.

The results of soft and cozy blends between the versatile Naia™ fibers and other materials can be appreciated in the collections of Naadam and The Gap, which this year presented its third collection of men's sweaters blended with Naia™ and cotton. By using Naia™ blended knits in their collections, brands are not just choosing a sustainable ingredient, but also a certified and circular supply chain: all Naia™ cellulosic fiber is produced in a safe, closed-loop process where solvents are recycled back into the system for reuse. Eastman Naia™ partners with Textiles Genesis to provide track and trace solutions for brands. All Naia™ fibers are OEKO-TEX™ STANDARD 100 certified, ensuring no use of hazardous chemicals, and certified by TÜV AUSTRIA as biodegradable and compostable, also in the ocean, as supported by a recently published ocean degradation study conducted by Woods Hole Oceanographic Institution (WHOI).

Naia™ fibers are designed to create unlimited possibilities for uncompromising, sustainable style: among these, Naia™ Renew staple fiber permits to create eco-conscious blends that are supremely soft, quick-drying and consistently reduce pilling which are ideal for T-shirts, casual wear, sweaters, comfy pants and home textiles. Produced from 60% sustainably sourced wood pulp and 40% certified* recycled waste materials, Naia™ Renew creates the same top-quality fabrics as traditional Naia™ fibers, but with a reduced carbon footprint of around 35% — and it’s available at scale. The innovative cellulosic acetate materials can be blended with cotton, modal, merino wool, recycled polyester, or multiple content fancy yarns. Naia™ blended yarns deliver super softness for supreme wearing comfort in knitwear, and sweaters made with Naia™ Renew can have good dimensional stability and shape retention even after multiple washes. Versatile Naia™ denier sizes can be used in different yarn spinning processes, giving the yarn spinners freedom of creativity for trendy yarn designs perfect for year-round basic sweaters with good quality and a durable look. The unique cross section of Naia™ staple fibers enables designs that accommodate four seasons of wearing comfort.

 

Source:

Menabo for Eastman

Karl Mayer Office in Bursa Photo Karl Mayer Group
Office in Bursa
03.08.2023

KARL MAYER GROUP sets up Turkish subsidiary

The KARL MAYER GROUP is intensifying its business activities in Turkey and is setting up a subsidiary in Bursa. The opening of the new site is planned for October 2023.

The company's success on the market to date has been made possible to a large extent by its close and long-standing cooperation with Erko, the KARL MAYER GROUP's regional representative. The two companies have been cooperating for more than 50 years and see further positive market development in Turkey in the medium to long term.

In order to exploit and shape the potential, they will sharpen the focus of their competences in the Warp Knitting and Warp Preparation Business Units: Erko A.S. will focus on sales, taking advantage of its long-standing regional network. The KARL MAYER GROUP will take over the after-sales service and offer customers a link to the Care Solutions world of the group. Customers benefit from next-level support with many innovative solutions, especially digital ones, for meeting the challenges of our time. At the same time, they can continue to build on the tried and trusted.

The KARL MAYER GROUP is intensifying its business activities in Turkey and is setting up a subsidiary in Bursa. The opening of the new site is planned for October 2023.

The company's success on the market to date has been made possible to a large extent by its close and long-standing cooperation with Erko, the KARL MAYER GROUP's regional representative. The two companies have been cooperating for more than 50 years and see further positive market development in Turkey in the medium to long term.

In order to exploit and shape the potential, they will sharpen the focus of their competences in the Warp Knitting and Warp Preparation Business Units: Erko A.S. will focus on sales, taking advantage of its long-standing regional network. The KARL MAYER GROUP will take over the after-sales service and offer customers a link to the Care Solutions world of the group. Customers benefit from next-level support with many innovative solutions, especially digital ones, for meeting the challenges of our time. At the same time, they can continue to build on the tried and trusted.

The headquarters in Bursa covers just under 1,000 m² on three levels. It offers space for service, an academy with textile samples and a training machine, a workshop for minor repairs and a warehouse for the spare parts business. Located in the top-selling region in Turkey, it is also designed as a contact point for customers.

Thanks to its strong position on the Turkish market, the KARL MAYER GROUP intends to support the companies here, most of which are family-run, in the forthcoming generational changes, and to provide the next generation with specialist support and qualifications.

More information:
Karl Mayer Gruppe Turkey
Source:

Karl Mayer Group

Photo: İşbir Bedding / Hologenix, LLC
02.08.2023

İşbir Bedding introduces Energy CELLIANT® mattress

İşbir Bedding, a Turkish company, has teamed up with Hologenix® and its CELLIANT® infrared technology. The Energy CELLIANT® mattress is the first pure white CELLIANT mattress to be offered in Turkey. It marries the sleep technology of İşbir mattresses with the advantages of CELLIANT, a natural blend of bioceramic minerals which, when embedded into textiles, converts body heat into infrared energy to help consumers sleep better and recover faster from physical activity.

the Energy CELLIANT mattress has a cover infused with CELLIANT, a high-density, next-generation ViscoStar Aeromax Comfort Layer that adapts to the body and a V2 Active Zone Pocket Spring Support Layer, which consists of specially designed 7-zone pocket springs. The Energy CELLIANT mattress is suitable for any sleep position and ideal for users who prefer a medium to firm mattress. The mattress is also available in a variety of sizes for both junior and adult athletes.

İşbir Bedding, a Turkish company, has teamed up with Hologenix® and its CELLIANT® infrared technology. The Energy CELLIANT® mattress is the first pure white CELLIANT mattress to be offered in Turkey. It marries the sleep technology of İşbir mattresses with the advantages of CELLIANT, a natural blend of bioceramic minerals which, when embedded into textiles, converts body heat into infrared energy to help consumers sleep better and recover faster from physical activity.

the Energy CELLIANT mattress has a cover infused with CELLIANT, a high-density, next-generation ViscoStar Aeromax Comfort Layer that adapts to the body and a V2 Active Zone Pocket Spring Support Layer, which consists of specially designed 7-zone pocket springs. The Energy CELLIANT mattress is suitable for any sleep position and ideal for users who prefer a medium to firm mattress. The mattress is also available in a variety of sizes for both junior and adult athletes.

The Energy CELLIANT mattress helps the body recover after sports or intense activity thanks to the infrared technology and comfort layers. The CELLIANT fabric helps the body thermoregulate, whether you run hot or cold, for a more comfortable sleep experience. CELLIANT minerals help to increase energy levels by reflecting body heat lost during sleep back to the body in the form of infrared energy, so consumers wake up refreshed.

More information:
Hologenix Celliant Bedding mattress
Source:

Hologenix, LLC

02.08.2023

Lenzing: Business Performance in the first half of 2023

  • Revenue of EUR 1.25 bn and EBITDA of EUR 136.5 mn in the first half of 2023
  • EBITDA and net result for the period significantly improved compared with the first quarter of 2023
  • Cost-cutting program and measures to strengthen sales activities being implemented as planned
  • Liquidity position strengthened by successful capital increase and extension of credit terms
  • Production of TENCEL™ brand modal fibers successfully launched in China

The business performance of the Lenzing Group, a leading global supplier of specialty fibers for the textile and nonwoven industries, largely reflected the subdued market trends in the first half of 2023. After the market environment deteriorated significantly in the second half of 2022, signs of recovery were evident during the first and second quarters of 2023 in terms of both raw material and energy costs as well as demand. Textile fibers recorded improving demand, and business with nonwoven fibers and with dissolving wood pulp proved to be very stable.

  • Revenue of EUR 1.25 bn and EBITDA of EUR 136.5 mn in the first half of 2023
  • EBITDA and net result for the period significantly improved compared with the first quarter of 2023
  • Cost-cutting program and measures to strengthen sales activities being implemented as planned
  • Liquidity position strengthened by successful capital increase and extension of credit terms
  • Production of TENCEL™ brand modal fibers successfully launched in China

The business performance of the Lenzing Group, a leading global supplier of specialty fibers for the textile and nonwoven industries, largely reflected the subdued market trends in the first half of 2023. After the market environment deteriorated significantly in the second half of 2022, signs of recovery were evident during the first and second quarters of 2023 in terms of both raw material and energy costs as well as demand. Textile fibers recorded improving demand, and business with nonwoven fibers and with dissolving wood pulp proved to be very stable.

Outlook
The war in Ukraine and the more restrictive monetary policy pursued by many central banks in order to combat inflation are expected to continue to influence global economic activity. The IMF warns that risks remain elevated overall and forecasts growth of 3 percent for both 2023 and 2024. The currency environment is expected to remain volatile in the regions of relevance to Lenzing.

This market environment continues to weigh on the consumer climate and on sentiment in the industries relevant to Lenzing. Recently, however, the outlook brightened somewhat according to a global survey by the ITMF.*

In the trend-setting market for cotton, signs are emerging of a further buildup of stocks in the current 2022/23 crop season. Initial forecasts also see a further buildup of stocks in 2023/24, albeit to a lesser extent.

However, despite signs of recovery in both demand and raw material and energy costs, earnings visibility remains limited overall.

Lenzing is fully on track with the implementation of its reorganization and cost-cutting program. These and further measures are aimed at positioning Lenzing in the best possible way for the expected market recovery.

In structural terms, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its “Better Growth” strategy and plans to continue driving growth with specialty fibers as well as its sustainability goals, including the transformation from a linear to a circular economy model.

The successful implementation of the key projects in Thailand and Brazil as well as the investment projects in China and Indonesia will further strengthen Lenzing’s positioning in this respect.

Taking into consideration the aforementioned factors and assuming a further market recovery in the current financial year, the Lenzing Group continues to expect EBITDA in a range between EUR 320 mn and EUR 420 mn for 2023.

 

*Source: ITMF, 21st Global Textile Industry Survey, July 2023

Source:

Lenzing AG

Freudenberg complements Range of Technical Packaging Textiles (c) Freudenberg Performance Materials Holding GmbH
28.07.2023

Freudenberg complements Range of Technical Packaging Textiles

Freudenberg Performance Materials (Freudenberg) is launching its latest innovation Evolon® Ultra Smooth to serve the specific packaging needs of technical industries.

Evolon® Ultra Smooth fabrics are low-linting, strong and hard-wearing. The new materials are designed for industrial parts and components which require low-friction, sliding behavior during the part packing and handling procedures. Furthermore, they are durably hydrophobic and available in different weights. The reusable textile containers made of Evolon® Ultra Smooth can be used in various industries to pack and transport even very heavy and sensitive parts without damage.

The Evolon® Ultra Smooth materials have a point-sealed patterned white surface which is very different from the standard Evolon® packaging textiles and which makes them easily identifiable.  

Freudenberg Performance Materials (Freudenberg) is launching its latest innovation Evolon® Ultra Smooth to serve the specific packaging needs of technical industries.

Evolon® Ultra Smooth fabrics are low-linting, strong and hard-wearing. The new materials are designed for industrial parts and components which require low-friction, sliding behavior during the part packing and handling procedures. Furthermore, they are durably hydrophobic and available in different weights. The reusable textile containers made of Evolon® Ultra Smooth can be used in various industries to pack and transport even very heavy and sensitive parts without damage.

The Evolon® Ultra Smooth materials have a point-sealed patterned white surface which is very different from the standard Evolon® packaging textiles and which makes them easily identifiable.  

Evolon® Ultra Smooth materials protect the surfaces of industrial and automotive parts by avoiding micro-scratches or lint contamination. By using Evolon® Ultra Smooth reusable packaging to transport parts with highly-sensitive surfaces, customers reduce the number of damaged parts and the reject rate. The innovation is available worldwide. As Evolon® Ultra Smooth is 100% made in Europe, European customers benefit from even greater flexibility in the supply chain and quick go-to-market.

Source:

Freudenberg Performance Materials Holding GmbH