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(c) nova-Institut GmbH
24.01.2023

Six nominees for„Cellulose Fibre Innovation of the Year 2023“

For the third time, nova-Institute awards the “Cellulose Fibre Innovation of the Year” award in the frame of the “Cellulose Fibres Conference 2023” (8-9 March 2023). The conference advisory board nominated six remarkable products, including cellulose fibres from textile waste, banana production waste and bacterial pulp, a novel technology for producing lyocell yarns and a hygiene product. The innovations will be put to the vote of the conference audience on the first day of the event, with the awards ceremony taking place in the evening. The innovation award “Cellulose Fibre Innovation of the Year 2023” is sponsored by GIG Karasek (AT).

For the third time, nova-Institute awards the “Cellulose Fibre Innovation of the Year” award in the frame of the “Cellulose Fibres Conference 2023” (8-9 March 2023). The conference advisory board nominated six remarkable products, including cellulose fibres from textile waste, banana production waste and bacterial pulp, a novel technology for producing lyocell yarns and a hygiene product. The innovations will be put to the vote of the conference audience on the first day of the event, with the awards ceremony taking place in the evening. The innovation award “Cellulose Fibre Innovation of the Year 2023” is sponsored by GIG Karasek (AT).

Here are the six nominees
Vybrana – The new generation banana fibre – GenCrest Bioproducts (India)

Vybrana is a Gencrest’s Sustainable Cellulosic Fibre upcycled from agrowaste. Raw fibres are extracted from the Banana Pseudo stem at the end of the plant lifecycle. The biomass waste is then treated by the Gencrest patented Fiberzyme technology. Here, cocktail enzyme formulations remove the high lignin content and other impurities and help fibre fibrillation. The company's proprietary cottonisation process provides fine, spinnable cellulose staple fibres suitable for blending with other staple fibres and can be spun on any conventional spinning systems giving yarns sustainable apparel. Vybrana is produced without the use of heavy chemicals and minimized water consumption and in a waste-free process where balance biomass is converted to bio stimulants Agrosatva and Bio Fertilizers & organic manure.

HeiQ AeoniQ™ – technology for more sustainability of textiles – HeiQ (Austria)
HeiQ AeoniQ™ is the disruptive technology and key initiative from HeiQ with the potential to change the sustainability of textiles. It is the first climate-positive continuous cellulose filament yarn, made in a proprietary manufacturing process and the first to reproduce the properties of polyester and nylon yarns in a cellulosic, biodegradable, and endlessly recyclable fibre.
HeiQ AeoniQ™ can be manufactured from different cellulosic raw materials such as pre- and post-consumer textile waste, biotech cellulose, and non-valorized agricultural waste, such as ground coffee waste or banana peels. It naturally degrades after only 12 weeks in the soil. Each ton of HeiQ AeoniQ™ saves 5 tons of CO2 emissions. The first garments made with this innovative cellulosic filament fiber were commercially launched in January 2023.

TENCEL™ LUXE – lyocell filament yarn – Lenzing (Austria)
TENCEL™ LUXE is LENZING’s new versatile lyocell yarn that offers an urgently needed sustainable filament solution for the textile and fashion industry. A possible botanical alternative for silk, long-staple cotton, and petrol-based synthetic filaments, is derived from wood grown in renewable, sustainably managed forests, and produced in an environmentally sound, closed-loop process that recycles water and reuses more than 99 % of organic solvent. Certified by The Vegan Society, it is suitable for a wide range of applications and fabric developments, from finer high fashion propositions to denim constructions, seamless and activewear innovations, and even agricultural and technical solutions.

Nullarbor™ – Nanollose & Birla Cellulose (Australia/India)
In 2020, Nanollose & Birla Cellulose started a journey to develop and commercialize tree-free lyocell from bacterial cellulose, called Nullarbor™. The name derives from the Latin “nulla arbor” which means “no trees”. Initial lab research at both ends led to a joint patent application with the patent “production of high-tenacity lyocell fibres made from bacterial cellulose”.
Nullarbor is significantly stronger than lyocell made from wood-based pulp; even adding small amounts of bacterial cellulose to wood pulp increases the fibre toughness. In 2022, the first pilot batch of 260kg was produced with 20 % bacterial pulp share. Several high-quality fabrics and garments were produced with this fibre. The collaboration between Nanollose & Birla Cellulose now focuses on increasing the production scale and amount of bacterial pulp in the fibre.

Circulose® – makes fashion circular – Renewcell (Sweden)
Circulose® made by Renewcell is a branded dissolving pulp made from 100 % textile waste, like worn-out clothes and production scraps. It provides a unique material for fashion that is 100 % recycled, recyclable, biodegradable, and of virgin-equivalent quality. It is used by fibre producers to make staple fibre or filaments like viscose, lyocell, modal, acetate or other types of man-made cellulosic fibres. In 2022, Renewcell, opened the world’s first textile-to-textile chemical recycling plant in Sundsvall, Sweden – Renewcell 1. The plant will eventually reach 120,000 tons of annual capacity.

Sparkle sustainable sanitary pads – Sparkle Innovations (United States)
Globally, around 300 billion period products are discarded every year, resulting in millions of tons of non-biodegradable waste. Since most conventional sanitary pads contain up to 90 % plastics, they do not biodegrade for around 600 years. Sparkle has designed sustainable, plastic-free, biodegradable and compostable Sparkle sanitary pads. From product to packaging, they are made up of around 90 % cellulose-based materials with top sheet, absorbent core, release paper, wrapping paper and packaging made of cellulose-based fibres. Whether Sparkle pads end up in a compost pit, are incinerated or end up in a landfill, they are a more sustainable alternative compared to conventional pads that contain large amounts of plastics, complex petro-chemical based ingredients and artificial fragrances. When tested according to ISO 14855-1 by a leading independent lab in Europe, Sparkle pads reached over 90 % absolute biodegradation within 90 days in commercial composting conditions.

(c) AkzoNobel
20.01.2023

AkzoNobel again a European Top Employer

AkzoNobel has been rated as a European Top Employer by the Top Employers Institute for the second consecutive year.

In the latest benchmark review, the company has been recognized in eight countries – Brazil, China, France, Germany, the Netherlands, Sweden, the UK and the US – all of them repeat certifications. AkzoNobel qualifies as a European Top Employer because five of the certified countries are in Europe.

Each year, the Top Employers Institute certifies organizations who are focused on putting people first through their HR policies. The survey covers six HR domains consisting of 20 topics, including people strategy, work environment, talent acquisition, learning, diversity and inclusion, and well-being.

The latest 2023 rating marks the second certification in a row for AkzoNobel in France, Germany and Sweden, the fourth for the Netherlands and the US, the seventh for Brazil, the tenth for China and the 11th for the UK.

AkzoNobel has been rated as a European Top Employer by the Top Employers Institute for the second consecutive year.

In the latest benchmark review, the company has been recognized in eight countries – Brazil, China, France, Germany, the Netherlands, Sweden, the UK and the US – all of them repeat certifications. AkzoNobel qualifies as a European Top Employer because five of the certified countries are in Europe.

Each year, the Top Employers Institute certifies organizations who are focused on putting people first through their HR policies. The survey covers six HR domains consisting of 20 topics, including people strategy, work environment, talent acquisition, learning, diversity and inclusion, and well-being.

The latest 2023 rating marks the second certification in a row for AkzoNobel in France, Germany and Sweden, the fourth for the Netherlands and the US, the seventh for Brazil, the tenth for China and the 11th for the UK.

Source:

AkzoNobel

20.01.2023

Autoneum: Revenue growth in 2022

For the first time in two years, global automotive production recorded a significant increase in full-year 2022 with 82.0 million vehicles produced (2021: 77.2 million vehicles) and growth of 6.2%, driven by the regions Asia and North America, but remained below 2019 levels.
Autoneum's revenue in local currencies increased significantly by 8.5%, largely due to inflation-related compensation. In the regions Europe and Asia, Autoneum's production volumes developed below market. Compared to the July 2022 estimate, revenue was around CHF 90 million lower than assumed due to volume factors. The strong fluctuations in production volumes due to vehicle manufacturer supply chain issues continued in 2022 and were exacerbated by the war in Ukraine in Europe and by COVID-related lockdowns in Autoneum's Asian main market China. Consolidated revenue in Swiss francs increased by 6.1% year-on-year to CHF 1 804.5 million (2021: CHF 1 700.4 million) due to the strong Swiss franc.

For the first time in two years, global automotive production recorded a significant increase in full-year 2022 with 82.0 million vehicles produced (2021: 77.2 million vehicles) and growth of 6.2%, driven by the regions Asia and North America, but remained below 2019 levels.
Autoneum's revenue in local currencies increased significantly by 8.5%, largely due to inflation-related compensation. In the regions Europe and Asia, Autoneum's production volumes developed below market. Compared to the July 2022 estimate, revenue was around CHF 90 million lower than assumed due to volume factors. The strong fluctuations in production volumes due to vehicle manufacturer supply chain issues continued in 2022 and were exacerbated by the war in Ukraine in Europe and by COVID-related lockdowns in Autoneum's Asian main market China. Consolidated revenue in Swiss francs increased by 6.1% year-on-year to CHF 1 804.5 million (2021: CHF 1 700.4 million) due to the strong Swiss franc.

Revenue development in the regions
In local currencies, revenue of Business Group Europe increased by 2.7%, while production volumes of vehicle manufacturers decreased by 1.3%. The growth in revenue resulted from inflation compensation, while Autoneum's production volumes were significantly lower compared to the previous year. Business Group North America increased its revenue in local currencies by 11.0%. The number of vehicles produced increased by 9.7% year-on-year. Volume development at Autoneum’s North American plants clearly improved compared with 2021 due to the allocation of semiconductors to the vehicle models supplied by Autoneum. Revenue of Business Group Asia declined by 2.7% in local currencies, and thus was significantly below the market (+7.7%). Autoneum's production facilities in its main market China are located in regions that were hit particularly hard by the COVID-related lockdowns. Growth in China was also driven by Chinese vehicle manufacturers, with whom Autoneum generated only little revenue last year.
Business Group SAMEA (South America, Middle East and Africa) achieved hyperinflation-adjusted revenue growth in local currencies of 65.2% year-on-year. This increase was mainly due to inflation compensation and in terms of volume slightly outperformed the market, which grew by 7.5%.

Due to significantly lower production volumes in Autoneum's regions Europe and Asia of around CHF 90 million compared to the half-year estimate and further increases in energy costs in the second half of the year, Autoneum expects the full-year 2022 result to be at the lower end of the guidance published on June 15, 2022.

The full year-end financial statements and the Annual Report 2022 will be presented at the Media Conference on March 1, 2023.

Source:

Autoneum Management AG

17.01.2023

ECHA adds nine hazardous chemicals to Candidate List

ECHA has added nine chemicals to the Candidate List because of their hazardous properties. They are used for example in flame retardants, paints and coatings, inks and toners, coating products, plasticisers and in the manufacture of textile, leather or fur and paper.

Entries added to the Candidate List on 17 January 2023:

  • 1,1'-[ethane-1,2-diylbisoxy]bis[2,4,6-tribromobenzene]
  • 2,2',6,6'-tetrabromo-4,4'-isopropylidenediphenol
  • 4,4'-sulphonyldiphenol
  • Barium diboron tetraoxide
  • Bis(2-ethylhexyl) tetrabromophthalate covering any of the individual isomers and/or combinations thereof
  • Isobutyl 4-hydroxybenzoate
  • Melamine
  • Perfluoroheptanoic acid and its salts
  • reaction mass of 2,2,3,3,5,5,6,6-octafluoro-4-(1,1,1,2,3,3,3-heptafluoropropan-2-yl)morpholine and 2,2,3,3,5,5,6,6-octafluoro-4-(heptafluoropropyl)morpholine

Information on these substances' uses and reasons for inclusion on the Candidate List is available here.

 

ECHA has added nine chemicals to the Candidate List because of their hazardous properties. They are used for example in flame retardants, paints and coatings, inks and toners, coating products, plasticisers and in the manufacture of textile, leather or fur and paper.

Entries added to the Candidate List on 17 January 2023:

  • 1,1'-[ethane-1,2-diylbisoxy]bis[2,4,6-tribromobenzene]
  • 2,2',6,6'-tetrabromo-4,4'-isopropylidenediphenol
  • 4,4'-sulphonyldiphenol
  • Barium diboron tetraoxide
  • Bis(2-ethylhexyl) tetrabromophthalate covering any of the individual isomers and/or combinations thereof
  • Isobutyl 4-hydroxybenzoate
  • Melamine
  • Perfluoroheptanoic acid and its salts
  • reaction mass of 2,2,3,3,5,5,6,6-octafluoro-4-(1,1,1,2,3,3,3-heptafluoropropan-2-yl)morpholine and 2,2,3,3,5,5,6,6-octafluoro-4-(heptafluoropropyl)morpholine

Information on these substances' uses and reasons for inclusion on the Candidate List is available here.

 

More information:
ECHA chemicals hazardous
Source:

European Chemicals Agency

13.01.2023

Source Fashion: New international fashion sourcing platform in UK

The international fashion sourcing platform Source Fashion, taking place from 12th – 14th February at Olympia London, has announced a compelling line-up of country pavilions and over 150 audited, quality manufacturers from around the world including Peru, India, China, Pakistan, Italy, Spain, Greece, North Macedonia,  the UAE, Madagascar, Jordan, Uzbekistan, Turkey, the UK and many more who will join the inaugural show, which runs parallel to Pure London.

Bringing a textile pavilion to the UK for the first time, the Peru Pavilion will showcase six manufacturers specialising in high-quality alpaca wool from the raw material right through to garment production, as well as cotton and other natural mixtures.

The international fashion sourcing platform Source Fashion, taking place from 12th – 14th February at Olympia London, has announced a compelling line-up of country pavilions and over 150 audited, quality manufacturers from around the world including Peru, India, China, Pakistan, Italy, Spain, Greece, North Macedonia,  the UAE, Madagascar, Jordan, Uzbekistan, Turkey, the UK and many more who will join the inaugural show, which runs parallel to Pure London.

Bringing a textile pavilion to the UK for the first time, the Peru Pavilion will showcase six manufacturers specialising in high-quality alpaca wool from the raw material right through to garment production, as well as cotton and other natural mixtures.

The main Indian Pavilion at this year’s Source Fashion, in collaboration with the Wool and Woollens Export Promotion Council, will showcase 20 established garment and textile exporters specialising in wool, woollen and acrylic fibres. The exhibitors will be showing full garments including men’s, women’s and kidswear as well as a selection of fabrics and raw materials. These exhibitors are regular export partners to the UK retail industry and already work with some big retailers in white label production.

The China Pavilion will present a selection of high-quality Chinese manufacturers ranging from full garment manufacturing through to raw materials, fabrics, cashmere and components.

Other producers and manufacturers attending Source Fashion from across Europe and the UK include:

  • Mivania - an Italian knitwear manufacturer producing garments in 100% cashmere and cashmere blends.
  • SATCoL (Salvation Army Trading Company) - a charity-owned textiles collector in the UK, actively working with retailers to reduce their carbon footprints.
  • Kusilas - a Spanish company monitoring all the stages of the production process.
  • Prime Casual - based in Leicester, UK, they specialise in the design and manufacture of ladies clothing from fast fashion, wholesale to bespoke tailoring.
  • Athos Pallas - a fashion and textile agency located in Thessaloniki, Greece.

 

Source:

Source Fashion by Hyve / Good Results PR

(c) International Textile Manufacturers Federation (ITMF)
04.01.2023

17th ITMF Global Textile Industry Survey

  • Business situation has worsened markedly but not expectations.

The 17th ITMF Global Textile Industry Survey (GTIS, formerly known as ITMF Corona-Survey) shows that on average the business situation in the global textile industry has deteriorated further in November 2022. At the same time, global business expectations in six months’ time remained in negative territory but did not get gloomier. The indicators for order intake, order backlog, and capacity utilisation rate dropped, globally.

  • Business situation has worsened markedly but not expectations.

The 17th ITMF Global Textile Industry Survey (GTIS, formerly known as ITMF Corona-Survey) shows that on average the business situation in the global textile industry has deteriorated further in November 2022. At the same time, global business expectations in six months’ time remained in negative territory but did not get gloomier. The indicators for order intake, order backlog, and capacity utilisation rate dropped, globally.

According to the survey, the business situation in the three Asian regions and Europe remained especially poor. In North & Central America the business situation has improved again markedly. Except for the textile machinery segment that still benefits on average from a long order backlog, all other segments found themselves in negative business situations, especially fibre producers and spinners. Global business expectations have remained negative but “stabilized” around -10 percentage points (pp) since July 2022. Expectations have improved significantly in South Asia to +10pp, and Europe to -30pp. Business expectations in all segments remain negative territory with four out of seven recording improvements.

Order intake nose-dived in November, in line with weaker business situation and weaker demand, currently the biggest concern for the global textile value chain. Only companies in North & Central America registered on average a good order intake, while all other regions were faced with an unsatisfactory order situation. Except for South-East Asia and North & Central America order backlog fell. The only segments where order backlog increased were the down-stream segments garments and home textiles. Capacity utilization rate dropped in all regions in November 2022. It only increased in the textile machinery segment but fell otherwise.

“Weakening demand” is by far the biggest concern in the global textile industry, followed by the root causes of demand reduction, namely high energy and raw material prices which lead to high inflation rates. Good news is that logistical costs are not much of a concern anymore. Concerns about geopolitics on the other hand have increased again in the past two months.

More information:
ITMF market survey
Source:

International Textile Manufacturers Federation (ITMF)

(c) TMAS
30.12.2022

Climate impact mapping of Swedish textile machinery

Over the past year, TMAS, the Swedish Textile Machinery Association, has been working with ClimatePartner on a corporate carbon footprint (CCF) mapping project with its member companies, as a natural step towards supporting a more sustainable textile industry.

Over half of the members of TMAS are participating in the project, which involves calculating each operation’s Scope 1, 2 and 3 emissions in order to identify the current climate impact and areas where reductions can be made.

“Integrating climate action into strategies is becoming increasingly important in Europe and we have decided to take a pro-active role,” says TMAS secretary general Therese Premler-Andersson. “There is growing pressure from customers to be more transparant in this area and forthcoming legislation will soon make it necessary for all to take climate actions. TMAS members, however, recognise the benefit of taking action now, not least in terms of taking responsibility and demonstrating credibility.”

The CCF project’s scope examines all aspects of a business split into five areas:

Over the past year, TMAS, the Swedish Textile Machinery Association, has been working with ClimatePartner on a corporate carbon footprint (CCF) mapping project with its member companies, as a natural step towards supporting a more sustainable textile industry.

Over half of the members of TMAS are participating in the project, which involves calculating each operation’s Scope 1, 2 and 3 emissions in order to identify the current climate impact and areas where reductions can be made.

“Integrating climate action into strategies is becoming increasingly important in Europe and we have decided to take a pro-active role,” says TMAS secretary general Therese Premler-Andersson. “There is growing pressure from customers to be more transparant in this area and forthcoming legislation will soon make it necessary for all to take climate actions. TMAS members, however, recognise the benefit of taking action now, not least in terms of taking responsibility and demonstrating credibility.”

The CCF project’s scope examines all aspects of a business split into five areas:

  • Facility Management (heating, electricity, water, cooling agents and waste disposal).
  • Employee Mobility (commuting and company cars).
  • Business Travel (flights travel by train, rental cars).
  • Procurement (production, packaging and office materials).
  • Logistics (inbound and outbound).

Primary data is being used wherever possible and emission factors originate from internationally recognised databases such as ecoinvent and GEMIS.

The ClimatePartner measurement programme is based on the guidelines of the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard (GHG Protocol), and factors in all greenhouse gases covered by the Kyoto Protocol. These are carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFC), perfluorocarbons (PFC), sulphur hexafluoride (SF6) and nitrogen trifluoride (NF3).

Each of these gases affect the atmosphere differently and remain in the atmosphere for different lengths of time. Rather than reporting on each gas separately, they are expressed as a CO2 equivalent (CO2e) for the sake of simplicity. A CO2e is essentially a conversion into a ‘global warming potential’ value that enables the influence of different gases on global warming to be compared.

(c) ITM Exhibition
30.12.2022

ITM Exhibition to be held in Uzbekistan

ITM - International Textile Machinery Exhibition, which is one of the world's most important exhibitions in its field and carries its success beyond its borders, will be held in a country other than Turkey for the first time next year under the name 'ITM Uzbekistan'. 'ITM Uzbekistan 2023 Exhibition', which will be held in Uzbekistan New Expo Center on September 12-15, 2023, will bring together buyers from Central Asia and Turkic Republics with the world's most important textile and garment technology manufacturers.

ITM Uzbekistan to be organized in odd years
'ITM Uzbekistan', organised by Teknik Fairs Inc. and Tüyap Tüm Fuarcılık Yapım Inc., will be first held in September 2023, from 12th to 15th, and thenorganized in the following odd years such as 2025, 2027, and so on. The exhibition calendar was created by taking into account the dates of the exhibitions organized in the same sector in different countries of the world and in Europe and the benefits of the sector.

ITM - International Textile Machinery Exhibition, which is one of the world's most important exhibitions in its field and carries its success beyond its borders, will be held in a country other than Turkey for the first time next year under the name 'ITM Uzbekistan'. 'ITM Uzbekistan 2023 Exhibition', which will be held in Uzbekistan New Expo Center on September 12-15, 2023, will bring together buyers from Central Asia and Turkic Republics with the world's most important textile and garment technology manufacturers.

ITM Uzbekistan to be organized in odd years
'ITM Uzbekistan', organised by Teknik Fairs Inc. and Tüyap Tüm Fuarcılık Yapım Inc., will be first held in September 2023, from 12th to 15th, and thenorganized in the following odd years such as 2025, 2027, and so on. The exhibition calendar was created by taking into account the dates of the exhibitions organized in the same sector in different countries of the world and in Europe and the benefits of the sector.

Tashkent New Expo Center
New Expo Center, built in Tashkent, the capital of Uzbekistan, will host the most important events of both Central Asia and Turkic Republics. New Expo Center, where many national and international events will be held, will be the gateway of Central Asia to the world. The exhibition center, consisting of a total area of 44 thousand square meters and two stages, was built with the latest technology, taking into account all needs. The new exhibition center, which includes cafes/restaurants, resting areas, meeting, congress, seminar and exhibition halls, is an important attraction center with its proximity to the new airport under construction in the capital and the facilities where the international Olympic Games will be held.

Source:

ITM Exhibition

Photo: Messe Düsseldorf, Constanze Tillmann
21.12.2022

WearRAcon Europe Conference to be held at A+A 2023

Under the motto “People Matter” A+A 2023, a Trade Fair for Safety, Security and Health at Work, will revolve around the most important trends of our time: sustainability and digitalisation. Here, exoskeletons also play a prominent role as tomorrow’s ergonomic tools. An important conference in this field is WearRAcon Europe which will be held at A+A from 25 – 26 October 2023 for the first time.

The Conference will be organised by the Fraunhofer Institute IPA in cooperation with the Stuttgart University and the Wearable Robotics Association (WearRA). The 38th A+A Congress, which is held by Bundesarbeitsgemeinschaft für Sicherheit und Gesundheit bei der Arbeit (German Federal Association for Occupational Safety and Health - Basi) will be closely dovetailed thematically and in terms of content with it.

Under the motto “People Matter” A+A 2023, a Trade Fair for Safety, Security and Health at Work, will revolve around the most important trends of our time: sustainability and digitalisation. Here, exoskeletons also play a prominent role as tomorrow’s ergonomic tools. An important conference in this field is WearRAcon Europe which will be held at A+A from 25 – 26 October 2023 for the first time.

The Conference will be organised by the Fraunhofer Institute IPA in cooperation with the Stuttgart University and the Wearable Robotics Association (WearRA). The 38th A+A Congress, which is held by Bundesarbeitsgemeinschaft für Sicherheit und Gesundheit bei der Arbeit (German Federal Association for Occupational Safety and Health - Basi) will be closely dovetailed thematically and in terms of content with it.

Being able to walk again despite a serious injury, handle heavy parts without outside help or simply do overhead work comfortably and for extended periods of time - the advantages of exoskeletons have already convinced numerous industries. Exoskeletons and wearables are now already being used successfully in industry and commerce, and major machine builders and automakers as well as the medical sector are continuing to experiment with man-machine connections. Currently, the global market volume for exoskeletons is valued by leading analysts at over US$20 billion by 2030.1

The WearRAcon Europe Conference 2023 will provide new insights into the promising world of exoskeleton systems from different perspectives and, in conjunction with the A+A Congress, set future-oriented impulses. Lectures by renowned exoskeleton pioneers combined with testimonials presented by users from a variety of industries and keynotes by experts will round off the programme. And, like at the previous A+A, a Self-Experience Space will again be set up so that the exoskeleton systems of various manufacturers can be tested in realistic work scenarios.

In parallel with the Self-Experience Space, the large live study Exoworkathlon will also take place again. Trainees from various mechatronic training courses have to complete a concourse and perform holding, lifting and assembling tasks, which have been specially developed with the industry. Data is prospectively collected with different measuring sensors to measure the effects of exoskeletons. In the Exoworkathlon, the IPA focuses especially on prevention for young employees in order to raise awareness of the issue and counteract ailments at an early stage.

1(Interview Trans.INFO mit Armin G. Schmidt, CEO von German Bionic (01/2021).

Source:

Messe Düsseldorf GmbH

21.12.2022

EURATEX addressing EU Energy Council: Cap at 180 €/MWh still too high

On Monday, December 19 2022, the European energy ministers reached an agreement on a price cap for natural gas wholesale prices.

Despite welcoming the adoption of the instrument and the prospect to limit gas price speculations on the stock market, EURATEX considers the cap at 180 €/MWh to be still too high. Also, the complexity of the conditionalities triggering the cap may weaken its effectiveness and implementation: according to the legal proposal, the price level must be reached for three working days and European wholesale gas prices must remain, for the same length of time, at €35 above the global price of liquefied natural gas. Therefore, EURATEX urges the Council of the EU to improve this market correction mechanism.

On Monday, December 19 2022, the European energy ministers reached an agreement on a price cap for natural gas wholesale prices.

Despite welcoming the adoption of the instrument and the prospect to limit gas price speculations on the stock market, EURATEX considers the cap at 180 €/MWh to be still too high. Also, the complexity of the conditionalities triggering the cap may weaken its effectiveness and implementation: according to the legal proposal, the price level must be reached for three working days and European wholesale gas prices must remain, for the same length of time, at €35 above the global price of liquefied natural gas. Therefore, EURATEX urges the Council of the EU to improve this market correction mechanism.

Furthermore, EURATEX insists on the need to provide the industry with support measures to counteract competition from the US and other countries. Dirk Vantyghem, Director General of EURATEX, affirms: “The Industry is at the heart of the European way of life and the fundament of our social market economy. The European textile industry is 99.8% composed of SMEs, which struggle with tight margins while being at the upstream part of the supply chain: the EU must do more to save its industrial structure, its competitiveness and its capacity to provide essential products to European citizens”.

Source:

Euratex

Photo: ANDRITZ
21.12.2022

ANDRITZ: Customer day for hygiene products value chain

ANDRITZ has organized a customer day fully dedicated to the absorbent hygiene products value chain on November 09, 2022. This event took place at the ANDRITZ Diatec premises in Pescara, Italy, with a variety of key players from the nonwovens industry coming from all over Europe and beyond.

At this event, attendees benefited from live demonstrations of converting lines, market and nonwoven production insights, a panel discussion on sustainability, and networking opportunities, including:

  • Recent market situation, trends, and some food for thoughts
  • Technology insights for nonwoven roll-good production: Spunjet Soft, Air-Through Bonding, and Spunlace
  • Company tour with live demonstration of converting lines
  • Panel discussion on sustainability accompanied by important industry players around the value chain

ANDRITZ has organized a customer day fully dedicated to the absorbent hygiene products value chain on November 09, 2022. This event took place at the ANDRITZ Diatec premises in Pescara, Italy, with a variety of key players from the nonwovens industry coming from all over Europe and beyond.

At this event, attendees benefited from live demonstrations of converting lines, market and nonwoven production insights, a panel discussion on sustainability, and networking opportunities, including:

  • Recent market situation, trends, and some food for thoughts
  • Technology insights for nonwoven roll-good production: Spunjet Soft, Air-Through Bonding, and Spunlace
  • Company tour with live demonstration of converting lines
  • Panel discussion on sustainability accompanied by important industry players around the value chain
Source:

ANDRITZ Küsters GmbH

Graphic Euratex
16.12.2022

European textiles industry extremely concerned about the fast loss of competitiveness

  • Potential loss of competitiveness, caused by the EU’s inaction of the energy crisis, and Chinese and US subsidies to domestic industry

Following yesterday’s European Council summit and its conclusions on the measures to tackle the energy crisis, the European textiles industry is extremely concerned about the fast loss of competitiveness of Europe and demands urgent action to save the industry.

The chain of factors determining this sharp decline in competitiveness is twofold. First, the energy cost in Europe is more than 6 times higher than in the US, China, and neighbouring countries. This factor alone has almost erased the business case for producing in the EU. At present, many textiles and clothing companies are producing at net loss or have shut down production. The industrial conditions have worsened in such a way that there is no business case to invest in Europe or buy products produced or processed in the EU. It is only the sense of responsibility of the entrepreneurs towards the European society that is keeping the plants and production running.

  • Potential loss of competitiveness, caused by the EU’s inaction of the energy crisis, and Chinese and US subsidies to domestic industry

Following yesterday’s European Council summit and its conclusions on the measures to tackle the energy crisis, the European textiles industry is extremely concerned about the fast loss of competitiveness of Europe and demands urgent action to save the industry.

The chain of factors determining this sharp decline in competitiveness is twofold. First, the energy cost in Europe is more than 6 times higher than in the US, China, and neighbouring countries. This factor alone has almost erased the business case for producing in the EU. At present, many textiles and clothing companies are producing at net loss or have shut down production. The industrial conditions have worsened in such a way that there is no business case to invest in Europe or buy products produced or processed in the EU. It is only the sense of responsibility of the entrepreneurs towards the European society that is keeping the plants and production running.

Secondly, while the EU is passive and extremely slow in articulating a credible and effective response to the energy crisis, the main international competitors and trade partners (China, India and the US respectively) have developed comprehensive state-aid frameworks for their domestic industry despite not being affected by this crisis at all. The latest example is the 369-billion-dollar scheme of the Inflation Reduction Act rolled out by the Biden administration.

Recent trade data  already indicate a loss of global competitiveness: imports to the EU have grown tremendously in 2022 (+35% year-to-date). It is also evident that the surge in imports goes in parallel with the surge of natural gas price. It is expected that energy prices will remain high and volatile, opening the door for imports to gain substantial market shares in the EU.

The chart indicates the development of the Title Transfer Facility (TTF) until September 2022 since Eurostat data for Q4 2022 has not been published yet. Euratex is aware that the market situation has eased somewhat since in the past months, but the crisis remains because gas prices are still extremely high in comparison to last year. This suggests that the current loss of competitiveness of the EU manufacturing will not be recovered even with lower energy prices, unless measures are taken to correct the unlevel playing field on which the EU industry has to operate in the international markets. Only with an ambitious and comprehensive relaunch plan at EU level, Europe will be able to restore its credibility as a global manufacturing powerhouse and investments.

If the status quo is maintained, not only the EU will not be able to recover its competitive position on the global business stage, but it will also fail its plans to reach zero-net emissions and achieve circularity. It is evident that these ambitions - that the industry is passionately supporting - need massive capital investments. However, in the current scenario an investments diversion can only be expected to markets where governments are actively supporting those investments and energy costs are much lower – regardless of their fossil- or non-fossil origin.

The European textiles industry – the whole value chain, from fibres, nonwoven, to fabrics, clothing manufacturers - are facing unprecedented pressure deriving from the current geopolitical situation, the new macroeconomic conditions and unfair competition from third states. The situation is going to worsen if no emergency action is taken, especially because a recession is expected in the coming months.

The main structural component of the EU manufacturing are SMEs: these are economic actors that are particularly exposed to the current crisis as they do not have the financial leverage to absorb the impact of energy prices for much longer. Urgent EU action is needed to ensure their survival.

EURATEX calls on the EU political leaders in the Commission, in the European Council and in the national capitals to:

  1. Raise the ambition and adopt a comprehensive approach at EU level: energy, state-aid and trade policy must be brought together in a single strategy with concrete emergency solutions and with a clear SME dimension;
     
  2. Let all hesitations aside and adopt a meaningful price cap on natural gas wholesales, that should be ideally no higher than 80 euro/MWh. In parallel, it should also be ensured that electricity prices are brought to a sustainable price level;
     
  3. Change the European posture on state-aid, even temporarily. An ambitious plan of investments and state-aid in green technologies to support the industrial transition should be rolled out.

Such a plan, however, should not be conceived as a retaliation against our most necessary and like-minded trade partners. Access to finance and markets must be safeguarded for all those actors who are capable and willing to invest in Europe, on the basis of reciprocity. In   these challenging times for geopolitical stability, ensuring strong trade ties with our traditional allies and partners is of utmost importance. The roll-out of an investment and state aid plan should not interfere, but rather support, the dialogue with the US (and other partners) and the deepening of our trade and investment partnership. Such a dialogue should be accelerated in the context of the TTC as well as at WTO level.

Source:

Euratex

16.12.2022

IndustriAll Europe and Euratex: Joint SSDC Textiles & Clothing Statement

The European textiles and clothing sector is set for a major transformation which will affect both industry and workers. The EU’s strategy for sustainable and circular textiles aims to ensure that by 2030, textile products placed on the EU market are long-lived and recyclable with the industry moving from a linear to a circular business model. This strategy is accompanied with the EU’s transition pathway for a more resilient, sustainable, and digital textiles ecosystem linking the green transition with the digital transition while stressing the need for the sector to remain competitive.

IndustriAll European Trade Union (industriAll Europe) and Euratex, representing the workers and employers in the textiles and clothing sectors respectfully, jointly highlight both the challenges and opportunities of the giant forthcoming transformation of the sector and call for action to ensure that European industrial policy is fit for purpose and enables the sector to transform without negatively impacting workers or European industry.

Specifically, the European social partners jointly call for:

The European textiles and clothing sector is set for a major transformation which will affect both industry and workers. The EU’s strategy for sustainable and circular textiles aims to ensure that by 2030, textile products placed on the EU market are long-lived and recyclable with the industry moving from a linear to a circular business model. This strategy is accompanied with the EU’s transition pathway for a more resilient, sustainable, and digital textiles ecosystem linking the green transition with the digital transition while stressing the need for the sector to remain competitive.

IndustriAll European Trade Union (industriAll Europe) and Euratex, representing the workers and employers in the textiles and clothing sectors respectfully, jointly highlight both the challenges and opportunities of the giant forthcoming transformation of the sector and call for action to ensure that European industrial policy is fit for purpose and enables the sector to transform without negatively impacting workers or European industry.

Specifically, the European social partners jointly call for:

  1. EU action to guarantee that the European textiles ecosystem remains competitive, including ensuring a level global playing field.
  2. Measures to increase the demand of sustainable products including awareness raising campaigns, incentives such as lower VAT rates, and sustainability criteria in public procurement.
  3. Measures to ensure access to green and affordable energy.
  4. Policy gaps to be addressed, such as promoting a harmonised Extended Producer Responsibility approach across the EU and ensuring that SMEs can use Product Environmental Footprints.
  5. Action to ensure that the Sustainable Products Regulation and the forthcoming Digital Product Passport will offer a transparent, predictable and SME-friendly framework.
  6. Investment in attracting, training and reskilling workers including via concrete support for the EU Pact for Skills.
  7. Appropriate funding, sound metrics and legal incentives at regional, national, and European level to support the green and digital transitions of the textile and clothing sectors.
  8. Regional and national authorities to coordinate with sectoral social partners to ensure that the green and digital transitions are fair and just and do not leave the industry, regions or workers behind.
Source:

Euratex

16.12.2022

Third edition of Istanbul Fashion Connection in 2023

From February 8th to 11th, 2023, the third edition of IFCO, Istanbul Fashion Connection will take place in the Istanbul Exhibition Center.

The fair with over 600 exhibitors in 9 halls gives an overview of the new collections in the areas of womenswear, menswear, kidswear, denim, shoes, leather & furs. Separate platforms at IFCO are LinExpo for lingerie and hosiery and FashionIST with a wide range of wedding dresses, evening wear and suits. IFCO Sourcing, a new area at IFCO, offers the opportunity to find numerous companies for sourcing capacities.

Also new is the partnership with Igedo Exhibitions, Düsseldorf, which is responsible for the EUROPEAN SELECTION area at IFCO. International fashion labels present themselves at the fair as part of this participation.

More than 25,000 visitors from over 100 nations from all sales channels, from department stores and boutiques to online platforms from Eastern Europe, the Central Asian markets and the Arabian Gulf region, alongside buyers from Türkiye are expected at the show.

From February 8th to 11th, 2023, the third edition of IFCO, Istanbul Fashion Connection will take place in the Istanbul Exhibition Center.

The fair with over 600 exhibitors in 9 halls gives an overview of the new collections in the areas of womenswear, menswear, kidswear, denim, shoes, leather & furs. Separate platforms at IFCO are LinExpo for lingerie and hosiery and FashionIST with a wide range of wedding dresses, evening wear and suits. IFCO Sourcing, a new area at IFCO, offers the opportunity to find numerous companies for sourcing capacities.

Also new is the partnership with Igedo Exhibitions, Düsseldorf, which is responsible for the EUROPEAN SELECTION area at IFCO. International fashion labels present themselves at the fair as part of this participation.

More than 25,000 visitors from over 100 nations from all sales channels, from department stores and boutiques to online platforms from Eastern Europe, the Central Asian markets and the Arabian Gulf region, alongside buyers from Türkiye are expected at the show.

The declared goal of the organizers is to offer a "one-stop shopping solution" with IFCO that shows the creativity of the Turkish fashion scene, enables access to new sales markets and at the same time establishes the connection to potential production partners for supply chain optimization. The competitive advantages of production in Türkiye are evident:
short delivery times, high production quality, young and well-trained employees, the possibility of small minimum order quantities, a vertical textile and clothing industry that allows "one-stop shopping".

The manufacturing sector is an important sector for the industry, with over 80% of companies in Türkiye engaged in this sector. Türkiye has the fastest economic growth among the G20 after Saudi Arabia at 7.6% year-on-year in the second quarter of 2022, according to the Turkish Statistics Authority. Export is one of the most important pillars of growth.

The trade fair concept is being supported by the government with several programs. These include the cooperation with IMA, Istanbul ModaAkademisi, which regularly produces design talents becoming an integral part of the international fashion scene. IMA was founded in 2007 by ITKIB / IHKIB with the help of the IPA I program ((IPA: Instrument for Pre Accession Funds, provided by the EU for the EU candidate countries). Young design talents are brought to the stage at IFCO in cooperation with the ‘’Koza Young Fashion Designers Contest’’.

Source:

IFCO / JANDALI

02.12.2022

Indorama Ventures signs ESG-Linked Revolving Credit Facility

Indorama Ventures Public Company Limited (IVL) has signed an ESG-Linked Revolving Credit Facility of €275 million with six syndicate banks, a further boost to the company’s long-standing commitment to sustainability-led corporate financing.

Tied to IVL’s ESG risk rating, the revolving credit facility’s pricing mechanism results in margin adjustments related to management score improvements across the Material ESG Issues as defined by independent sustainability and corporate governance research firms. The facility is available to IVL subsidiaries in Europe for two-years with the option to extend for one more year.

Indorama Ventures Public Company Limited (IVL) has signed an ESG-Linked Revolving Credit Facility of €275 million with six syndicate banks, a further boost to the company’s long-standing commitment to sustainability-led corporate financing.

Tied to IVL’s ESG risk rating, the revolving credit facility’s pricing mechanism results in margin adjustments related to management score improvements across the Material ESG Issues as defined by independent sustainability and corporate governance research firms. The facility is available to IVL subsidiaries in Europe for two-years with the option to extend for one more year.

The facility is part of IVL’s corporate financing strategy across a range of instruments linked to the company’s ESG and sustainability commitments. In November 2021, the company issued a THB 10 billion triple-tranche Sustainability-Linked Bond (SLB), the largest SLB issued in Thailand. IVL is on track to achieve its 2025 ESG goals. More ambitious 2030 targets include a 30% reduction in Scope 1 & 2 combined greenhouse gas (GHG) intensity, 15% reduction in energy intensity, 25% use of renewable electricity, 20% reduction in water intensity, 90% diversion of waste from landfill, recycle 1.5 million tons in PET bale input annually.

 

 

Source:

Indorama Ventures Public Company Limited

(c) SANITIZED AG
Dr. Martin Čadek, CTO SANITIZED AG
02.12.2022

SANITIZED AG stärkt Innovationskompetenz mit neuem CTO

Swiss-based SANITIZED AG is increasing its innovation expertise by appointing a new CTO, Dr. Martin Čadek, who will oversee global technological activities for the specialist antimicrobial hygiene brand. Dr. Čadek will lead the company’s Competence Centre for Technology Innovation and will focus on breaking new ground to develop innovations in sustainability.

Dr. Čadek is a graduate physicist with a master’s degree in polymer science with many years’ experience in the industry working with polymers, fibres, industrial textiles, and extruded polymers. He is joining SANITIZED AG from his most recent role as Managing Director for German subsidiary the Flint Group. His previous roles include the Global Head of Innovation for Energy and Polymer Systems at Evonik/Orion, the Head of Extrusion Technology Business Unit in Europe for Emerell AG, and work with the SGL Group.

Swiss-based SANITIZED AG is increasing its innovation expertise by appointing a new CTO, Dr. Martin Čadek, who will oversee global technological activities for the specialist antimicrobial hygiene brand. Dr. Čadek will lead the company’s Competence Centre for Technology Innovation and will focus on breaking new ground to develop innovations in sustainability.

Dr. Čadek is a graduate physicist with a master’s degree in polymer science with many years’ experience in the industry working with polymers, fibres, industrial textiles, and extruded polymers. He is joining SANITIZED AG from his most recent role as Managing Director for German subsidiary the Flint Group. His previous roles include the Global Head of Innovation for Energy and Polymer Systems at Evonik/Orion, the Head of Extrusion Technology Business Unit in Europe for Emerell AG, and work with the SGL Group.

The Competence Centre for Technology & Innovation will provide services to all three of SANITIZED’s business units: Textiles, Polymer Additives, and Coatings and Preservation. It will be built on top of SANITIZED’s TecCenter for Analytics, Microbiology and Applications and its regulatory department.

More information:
Sanitized AG CTO Hygiene
Source:

SANITIZED AG

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

(c) Global Fashion Agenda
04.11.2022

Highlights of the Global Fashion Summit Singapore Edition

Hosted outside of Copenhagen for the first time in its 13-year history, on 3 November, Global Fashion Summit assembled over 250 stakeholders representing manufacturers, garment workers, retailers, brands, suppliers, NGOs, policy, and innovators in Singapore and online to spur industry action. The Summit was presented by Global Fashion Agenda (GFA), the non-profit organisation that is accelerating the transition to a net positive fashion industry.
 
The latest edition of the Summit was centred around the theme ‘Alliances for a New Era’, building on dialogues from the June edition in Copenhagen and gathering leaders from across the entire value chain to elevate diverse voices and foster alliances within the fashion industry and beyond, to drive sustainable impact.
 

Hosted outside of Copenhagen for the first time in its 13-year history, on 3 November, Global Fashion Summit assembled over 250 stakeholders representing manufacturers, garment workers, retailers, brands, suppliers, NGOs, policy, and innovators in Singapore and online to spur industry action. The Summit was presented by Global Fashion Agenda (GFA), the non-profit organisation that is accelerating the transition to a net positive fashion industry.
 
The latest edition of the Summit was centred around the theme ‘Alliances for a New Era’, building on dialogues from the June edition in Copenhagen and gathering leaders from across the entire value chain to elevate diverse voices and foster alliances within the fashion industry and beyond, to drive sustainable impact.
 
The Summit’s first international edition facilitated more conversations with manufacturer and supply chain voices to discuss crucial challenges and opportunities around working collaboratively with brands on equal terms. The programme featured bold panels, case studies, masterclasses and leadership roundtables reflecting on topics including ‘Data Scarcity: A Crisis of Measurement?’, ‘Disruption for Better Wage Systems’, ’Community and Circularity’, ‘Connecting the EU Textiles Strategy with the Value Chain’ and ‘Our Energy Transformation Moment’.
 
Attendees heard from over 50 speakers including H.E. Sandra Jensen Landi, Ambassador of Denmark to Singapore & Ambassador-Designate of Denmark to Brunei; H.E. Iwona Piórko, Ambassador of the European Union to Singapore; Anne-Laure Descours, Chief Sourcing Officer, PUMA; Baptiste Le Gal, Chief Revenue Officer APAC, Vestiaire Collective; Christian James Smith, Head of Sustainability Stakeholder Engagement, Zalando; Ninh Trinh, Director of Responsible Sourcing & Sustainability, Target; Roger Lee, CEO, TAL Apparel; Wilson Teo, President, Singapore Fashion Council; Edwin Keh, Chief Executive Officer, The Hong Kong Research Institute of Textiles and Apparel, Ashila Dandeniya, Founder, StandUp Lanka; and more.

Key takeaways and highlights from the event include:

  • Global Fashion Agenda announced a new alliance with BBC Storyworks Commercial Productions to launch a film series on BBC.com, which is currently in the early stages of development. The new series will present human-centric stories focusing on both social and environmental sustainability in the fashion industry. It will be released to a wide audience in 2023.
  • Federica Marchionni outlined the crucial need for accurate and robust data to substantiate sustainability claims and credentials but acknowledged that the focus on finding ‘perfect’ data cannot be allowed to stifle progress. Global Fashion Agenda will build upon Summit discussions to reflect on how the industry can accurately measure and communicate sustainability performance and illuminate the data credibility challenges.
  • The session ‘Establishing circular fashion systems in Cambodia & Vietnam’ outlined the first steps taken by the Global Circular Fashion Forum to establish circular fashion systems in Vietnam and Cambodia with regional stakeholders, government, brand and manufacturer representation.
  • Throughout the Summit, the Innovation Forum connected fashion companies with sustainable solution providers. Exhibitors included Better Work , Circular Fashion Partnership, Compreli, Kno Global, Planatones by Noyon Lanka, Redress Design Award and The ID Factory.
  • Through conversations such as ‘Disruption for Better Wage Systems’ and ‘Empowering the Worker Majority’, there was a resounding message for people to consider the real people in the value chain. Ensuring dignified livelihoods for these workers should have the same sense of urgency as emissions reductions. 
Source:

Global Fashion Agenda

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

Photo: Euratex
26.10.2022

EURATEX & ATP Convention successfully concluded in Porto

  • European textile industry needs to prepare for a paradigm shift, and become global leader in sustainable textiles

Organised by EURATEX in partnership with the Portuguese Textile Association (ATP), the Porto Convention – Sustainability meets Competitiveness: How to Square the Circle? – took place on 13-14 October in Porto, Portugal, with nearly 250 entrepreneurs attending from all over Europe. They discussed the current challenges of the European textile industry and set the grounds for a bright future, based on some strong foundations: innovation, creativity, quality and sustainability.

In his keynote speech, Mr. Pedro Siza Vieira, Former Minister for the Economy and Digital Transition of Portugal, assessed the geopolitical and macroeconomics changes, and how this will impact on the future of the textile industry: nearshoring and friend-shoring, independence from foreign gas through the use of European sustainable energy, as well as circular and automated production lines. While the current turbulence causes uncertainty, he sees a better future for our industry.

  • European textile industry needs to prepare for a paradigm shift, and become global leader in sustainable textiles

Organised by EURATEX in partnership with the Portuguese Textile Association (ATP), the Porto Convention – Sustainability meets Competitiveness: How to Square the Circle? – took place on 13-14 October in Porto, Portugal, with nearly 250 entrepreneurs attending from all over Europe. They discussed the current challenges of the European textile industry and set the grounds for a bright future, based on some strong foundations: innovation, creativity, quality and sustainability.

In his keynote speech, Mr. Pedro Siza Vieira, Former Minister for the Economy and Digital Transition of Portugal, assessed the geopolitical and macroeconomics changes, and how this will impact on the future of the textile industry: nearshoring and friend-shoring, independence from foreign gas through the use of European sustainable energy, as well as circular and automated production lines. While the current turbulence causes uncertainty, he sees a better future for our industry.

The first CEO Panel, addressing the theme of How to Measure and Communicate about Sustainability, focused on the challenges to translate “sustainability” towards the consumers. The panel addressed the issue of greenwashing and the role of brands in communicating about sustainability. It looked at how the new European Commission regulations on eco-label, digital product passport (DPP) and product environmental footprint (PEF) will create a new framework.

The second CEO Panel, discussing Financing Sustainability, looked at the cost of sustainable investments, and how this cost should be managed within the entire supply chain, including the brands and retailers.

Four workshops with industry experts followed in the afternoon, addressing the themes of Extended Producer Responsibility (EPR) in Textiles, Digital Product Passport (DPP), Recycling Textile Waste and Labelling Textiles (Product Environmental Footprint). As these initiatives will roll out in the coming years – as part of the EU Textile Strategy – participants got a better understanding of the future framework for our industry.

Dirk Vantyghem, Director General of EURATEX, commented on this: “to prepare for a brighter future requires a new regulatory framework, where quality and durability become the norm, where transparency and sustainability is rewarded, where free riders – who do not comply with rules and standards – are kept outside the market. The EU Textile Strategy aims at creating such a framework, which must be fair and balanced, and requires a close and constant dialogue between the regulator and the industry.”

During the 2nd day of the convention, participants had the opportunity to visit state of the art textile companies (Têxteis J.F. Almeida, RIOPELE, and TMG Automotive) and the Portuguese textile  research centre CITEVE. They showcased how the Portuguese textile industry is making this transition, while remaining globally competitive.

Alberto Paccanelli, President of EURATEX, concluded: “We need to attract creative people in our companies, we need to produce top class quality products, and we need to become more sustainable. That is the recipe for our success in a globalised and highly competitive industry.” Paccanelli is positive about the future: “While we face very tough times, I am optimistic about the future of our European textile industry. The rest of the world is watching us, as we move forward with our strategy. We should become their benchmark and Europe should become a global leader in sustainable textiles.”

 

Source:

Euratex