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22.05.2024

54 Innatex - Sales strategies for retailers

From 20 to 22 July 2024, Innatex will once again host international green fashion labels presenting their collections for Spring/Summer 2025 at Messecenter Hofheim Rhein-Main near Frankfurt. The motto of the upcoming trade fair, ‘BLOOM’, emphasises the confidence in more sustainable solutions despite challenges in the green fashion industry.

The organiser is seeing an increase in enquiries from first-time exhibitors and design dicoveries who work with remnants or waste from the textile and other sectors. The summer fair aims to emphasise this form of circularity.

In keeping with this, three of the five Design Discoveries selected so far are located in the area of textile waste reduction. Tentation uses discarded tents to create modern, mostly outdoor-compatible pieces. While Halt.clothing stands for an innovative upcycling concept, the underwear label Avonté works with deadstocks. Softclox with flexible soles and the very feminine women's fashion Verlinne from Romania enrich the special area.

From 20 to 22 July 2024, Innatex will once again host international green fashion labels presenting their collections for Spring/Summer 2025 at Messecenter Hofheim Rhein-Main near Frankfurt. The motto of the upcoming trade fair, ‘BLOOM’, emphasises the confidence in more sustainable solutions despite challenges in the green fashion industry.

The organiser is seeing an increase in enquiries from first-time exhibitors and design dicoveries who work with remnants or waste from the textile and other sectors. The summer fair aims to emphasise this form of circularity.

In keeping with this, three of the five Design Discoveries selected so far are located in the area of textile waste reduction. Tentation uses discarded tents to create modern, mostly outdoor-compatible pieces. While Halt.clothing stands for an innovative upcycling concept, the underwear label Avonté works with deadstocks. Softclox with flexible soles and the very feminine women's fashion Verlinne from Romania enrich the special area.

The trade fair is responding to feedback from buyers and, in cooperation with the Hesse Retail Association, is offering a special expert panel on the last day of the event to provide effective sales strategies. Innovative sustainable space concepts have been developed in collaboration with the Akademie Mode & Design AMD Wiesbaden. The students of the Interior Design degree programme use old materials from the INNATEX trade fair construction.

Trützschler Nonwovens at ANEX 2024 (c) Trützschler
22.05.2024

Trützschler Nonwovens at ANEX 2024

Trützschler Nonwovens will participate in the ANEX 2024 exhibition (May 22 to 24, 2024 in Taipei, Taiwan). Attendees will be able to explore sustainable nonwoven solutions tailored for flushable wipes with the pulp-based CP and WLS lines, as well as other cutting-edge offerings such as the needle-punched line T-SUPREMA for technical nonwovens.

Trützschler Nonwovens will participate in the ANEX 2024 exhibition (May 22 to 24, 2024 in Taipei, Taiwan). Attendees will be able to explore sustainable nonwoven solutions tailored for flushable wipes with the pulp-based CP and WLS lines, as well as other cutting-edge offerings such as the needle-punched line T-SUPREMA for technical nonwovens.

Source:

Trützschler Nonwovens GmbH

LEIBINGER gewinnt „German Innovation Award“ (c) Paul Leibinger GmbH & Co. KG
Christina Leibinger, CEO bei LEIBINGER, und Jan van het Reve, COO, nahmen den German Innovation Award persönlich entgegen.
22.05.2024

LEIBINGER gewinnt „German Innovation Award“

Der Rat für Formgebung hat den innovativen, leistungsstarken Industriedrucker IQJET von LEIBINGER am 14. Mai in Berlin mit dem German Innovation Award in Gold prämiert. Darüber hinaus wurde der Spezialist für Kennzeichnungssysteme als Innovator des Jahres 2024 ausgezeichnet.

Die interdisziplinäre Fachjury des Rats für Formgebung zeichnete IQJET in der Kategorie „Excellence in Business to Business: Machines & Engineering“ mit dem German Innovation Award in Gold aus. Der Preis wird anhand von Kriterien wie Nachhaltigkeit, Qualität und Wirtschaftlichkeit für herausragende Produkte, Projekte und Pionierleistungen vergeben. An dem festlichen Event im Berliner Futurium nahmen rund 300 Gäste aus Politik, Wirtschaft und Medien teil.

Der Rat für Formgebung hat den innovativen, leistungsstarken Industriedrucker IQJET von LEIBINGER am 14. Mai in Berlin mit dem German Innovation Award in Gold prämiert. Darüber hinaus wurde der Spezialist für Kennzeichnungssysteme als Innovator des Jahres 2024 ausgezeichnet.

Die interdisziplinäre Fachjury des Rats für Formgebung zeichnete IQJET in der Kategorie „Excellence in Business to Business: Machines & Engineering“ mit dem German Innovation Award in Gold aus. Der Preis wird anhand von Kriterien wie Nachhaltigkeit, Qualität und Wirtschaftlichkeit für herausragende Produkte, Projekte und Pionierleistungen vergeben. An dem festlichen Event im Berliner Futurium nahmen rund 300 Gäste aus Politik, Wirtschaft und Medien teil.

Industriedrucker IQJET
Überall, wo produziert und verpackt wird, spielt Kennzeichnung eine entscheidende Rolle. Die aufgedruckten Informationen sorgen für die zuverlässige Einhaltung gesetzlicher Vorgaben, ermöglichen eine lückenlose Nachverfolgung entlang der gesamten Wertschöpfungskette und erzeugen Transparenz sowie Interaktionsmöglichkeiten für die Verbraucher. Mit dem neuen Industriedrucker IQJET revolutioniert LEIBINGER den kontinuierlichen Tintenstrahldruck (Continuous Inkjet Printing, CIJ) und bietet Anwendern aus zahlreichen Branchen eine optimale Lösung zur Kennzeichnung ihrer Produkte.

IQJET druckt zum Beispiel Texte, Logos und Codes auf eine Vielzahl von Oberflächen wie Textilien, Kunststoff, Glas und Papier. Die Geräte sorgen für hohe Leistung, Druckqualität und Effizienz bei durchgehender Verfügbarkeit ohne Reinigungsaufwand. Anwender profitieren von der „Plug&Print“-Funktionalität, einfachen Bedienung sowie fünf Jahren wartungsfreiem Betrieb. Im Vergleich zu herkömmlichen Druckern senkt IQJET die Betriebskosten um bis zu 30 Prozent. Darüber hinaus optimieren Unternehmen ihren ökologischen Fußabdruck durch den geringen Energie-, Tinten- und Lösemittelverbrauch.

Source:

Paul Leibinger GmbH & Co. KG

Imaging Summit auf der drupa (c) Messe Düsseldorf GmbH
22.05.2024

Imaging Summit auf der drupa

Der drupa Imaging Summit greift am 30. und 31. Mai 2024 aktuelle Themen rund um das gedruckte Bild, spezielle Technologien und Business Cases auf. Themen, wie z.B. die Zukunft fotografischer Innovationen, die Bilderzeugung mit künstlicher Intelligenz, die Priorität von Nachhaltigkeitsthemen oder die Klärung der Frage, was Bildqualität für den Druck bedeutet, werden beleuchtet.

Hochkarätige Referentinnen und Referenten halten rund 20 Keynotes zu den Themen Technologie, Business, Nachhaltigkeit, Innovation und künstliche Intelligenz sowie zur besonderen Beziehung zwischen Bildern, Bilddaten und Druck.

Begleitet wird der drupa Imaging Summit von der Fotoausstellung 1253 m" des Fotografen Ralf Baumgarten. Die Ausstellung zeigt Bilder aus dem letzten deutschen Steinkohlebergwerk „Prosper Haniel“ in einer Tiefe von 1253 Metern. Die Ausstellung wurde mit zwei analogen Canon F-1 Kameras aus den 1970er Jahren fotografiert. Als Teil der drupa demonstrieren die Exponate die visuelle Kraft perfekt gedruckter Fotos. Die DNA der Fotografie als Printmedium ist es, entscheidende Momente einzufangen und für den Betrachter erlebbar zu machen.

Der drupa Imaging Summit greift am 30. und 31. Mai 2024 aktuelle Themen rund um das gedruckte Bild, spezielle Technologien und Business Cases auf. Themen, wie z.B. die Zukunft fotografischer Innovationen, die Bilderzeugung mit künstlicher Intelligenz, die Priorität von Nachhaltigkeitsthemen oder die Klärung der Frage, was Bildqualität für den Druck bedeutet, werden beleuchtet.

Hochkarätige Referentinnen und Referenten halten rund 20 Keynotes zu den Themen Technologie, Business, Nachhaltigkeit, Innovation und künstliche Intelligenz sowie zur besonderen Beziehung zwischen Bildern, Bilddaten und Druck.

Begleitet wird der drupa Imaging Summit von der Fotoausstellung 1253 m" des Fotografen Ralf Baumgarten. Die Ausstellung zeigt Bilder aus dem letzten deutschen Steinkohlebergwerk „Prosper Haniel“ in einer Tiefe von 1253 Metern. Die Ausstellung wurde mit zwei analogen Canon F-1 Kameras aus den 1970er Jahren fotografiert. Als Teil der drupa demonstrieren die Exponate die visuelle Kraft perfekt gedruckter Fotos. Die DNA der Fotografie als Printmedium ist es, entscheidende Momente einzufangen und für den Betrachter erlebbar zu machen.

More information:
Messe Düsseldorf drupa Textildruck
Source:

Messe Düsseldorf GmbH

22.05.2024

Monforts at ITM 2024

Monforts, which is celebrating its 140th anniversary this year, will exhibit a Montex stenter chamber with an integrated overhead heat recovery unit at the forthcoming ITM textile machinery exhibition in Istanbul from June 4-8.

The heat recovery unit on display at the stand of Monforts partner Neotek is just one of a range of energy saving options the company is now providing for both new and existing line installations.

Monforts Montex stenters and Thermex dyeing ranges are industry standard for the fabric finishing industry, providing many advantages in terms of production throughput and especially in energy efficiency and savings.

coaTTex
At ITM, Monforts will also introduce its latest coaTTex coating unit, dedicated to air knife and knife-over-roller coating. For single-sided application with paste or foam, the versatile coaTTex is suitable for both incorporation into existing finishing ranges as well as installation with new Monforts lines, especially Montex stenter systems.

Monforts, which is celebrating its 140th anniversary this year, will exhibit a Montex stenter chamber with an integrated overhead heat recovery unit at the forthcoming ITM textile machinery exhibition in Istanbul from June 4-8.

The heat recovery unit on display at the stand of Monforts partner Neotek is just one of a range of energy saving options the company is now providing for both new and existing line installations.

Monforts Montex stenters and Thermex dyeing ranges are industry standard for the fabric finishing industry, providing many advantages in terms of production throughput and especially in energy efficiency and savings.

coaTTex
At ITM, Monforts will also introduce its latest coaTTex coating unit, dedicated to air knife and knife-over-roller coating. For single-sided application with paste or foam, the versatile coaTTex is suitable for both incorporation into existing finishing ranges as well as installation with new Monforts lines, especially Montex stenter systems.

A wide range of coatings can be applied to fabrics for providing functions such as waterproofing, liquid and gas protection and breathability, in addition to foam lamination and coating, including black-out coating.

Central location
“In Turkey we are very strongly supported by our representative Neotek, our solution partner on the ground for service, installation and commissioning, providing specialised and rapid help to all of our customers,” says Monforts Area Sales Manager Thomas Paeffgen. “ITM is always one of the most important exhibitions for Monforts, for meeting customers not just from Turkey, but across the Middle East and Central Asia, as well as Bangladesh, India and Pakistan.

“Istanbul’s centralised position makes it accessible to the majority of the major textile manufacturing hubs and as we mark our 140th anniversary in 2024, having been founded back in 1884, the ITM show will provide us with the ideal opportunity to celebrate with colleagues and customers all together in one location.”

Source:

A. Monforts Textilmaschinen GmbH & Co. KG

Dibella strengthens sales team (c) Dibella
Dibella is strengthening its sales team with Thomas Kmoch
22.05.2024

Dibella strengthens sales team

The Dibella sales team continues to grow. Since the first of May, Thomas Kmoch has been supporting customers from South Tyrol, Austria and Switzerland.

Dibella welcomes Thomas Kmoch, an experienced member of staff, to the team. Due to his previous twenty years as an authorised signatory and sales director at Damino GmbH, the sales specialist brings with him in-depth knowldge of flat linen for contract business and comprehensive industry expertise.

At Dibella, Thomas Kmoch is primarily responsible for supporting existing customers and building new customer relationships in South Tyrol, Austria and Switzerland. The company is thus further strengthening ist focus on these three regions.

The Dibella sales team continues to grow. Since the first of May, Thomas Kmoch has been supporting customers from South Tyrol, Austria and Switzerland.

Dibella welcomes Thomas Kmoch, an experienced member of staff, to the team. Due to his previous twenty years as an authorised signatory and sales director at Damino GmbH, the sales specialist brings with him in-depth knowldge of flat linen for contract business and comprehensive industry expertise.

At Dibella, Thomas Kmoch is primarily responsible for supporting existing customers and building new customer relationships in South Tyrol, Austria and Switzerland. The company is thus further strengthening ist focus on these three regions.

Source:

Dibella GmbH

colouring process Photo (c) Hypetex
22.05.2024

First technical coloured flax fibre replacing carbon fibre?

British technology company Hypetex has been awarded a significant grant from Innovate UK to develop the world’s first technical coloured flax fibre, which will have applications in the sustainable manufacturing of cars, boats and other products that are usually made with carbon fibre.

Called FlaxTex the material is strong, lightweight and 100 per cent biodegradable, having a net positive carbon footprint at point of manufacturing. It can be colourised whilst enhancing its performance properties, with the process adding some important manufacturing attributes compared to standard flax fibre.

As such, FlaxTex’s mechanical properties represent the closest sustainable substitute for robust and lightweight materials like glass fibre and carbon fibre in composite structures.  

The performance of standard flax fibre is often hindered by its high moisture absorption, resulting in reduced structural integrity when used in composite construction. In addition, the natural brown colour of flax has been deemed unappealing for product use.

British technology company Hypetex has been awarded a significant grant from Innovate UK to develop the world’s first technical coloured flax fibre, which will have applications in the sustainable manufacturing of cars, boats and other products that are usually made with carbon fibre.

Called FlaxTex the material is strong, lightweight and 100 per cent biodegradable, having a net positive carbon footprint at point of manufacturing. It can be colourised whilst enhancing its performance properties, with the process adding some important manufacturing attributes compared to standard flax fibre.

As such, FlaxTex’s mechanical properties represent the closest sustainable substitute for robust and lightweight materials like glass fibre and carbon fibre in composite structures.  

The performance of standard flax fibre is often hindered by its high moisture absorption, resulting in reduced structural integrity when used in composite construction. In addition, the natural brown colour of flax has been deemed unappealing for product use.

Flaxtex solves these issues by removing moisture through the colouring process and sealing the fibres, which waterproofs them and enabling their core mechanical properties. Hypetex’s patented nano-pigment technology changes the colour adding an aesthetic quality to the material.  

This colouring process is set to transform industrial design possibilities of Flax natural fibres by enhancing the strength and performance while simultaneously reducing post-processing requirements and total energy usage. This also aligns with Hypetex's commitment to supporting the green transition and helping manufacturers meet government expectations on the path to UK Net Zero targets and the European Green Deal.

Over the course of a 12-month industrial research project, Hypetex will further optimize its resin systems and processes, expanding the use of FlaxTex across various markets.  

FlaxTex has a range of industry uses, including on construction, automotive, sports equipment and furniture products.

More information:
HYPETEX® flax carbon fibers
Source:

Hypetex

Re:claim
Re:claim project - school blazer
21.05.2024

A circular school blazer

Vision and technology are the key ingredients of a ground-breaking school blazer that is showing how businesses can move to a circular textiles economy.  
 
While many brands are grappling with the complexities of inevitable legislation and engrained business models, leading school uniform producer, David Luke, has launched a fully recyclable ‘circular’ school blazer that is designed to be recycled through Project Re:claim, the world’s first commercial-scale polyester recycling plant.
 
Project Re:claim is a joint venture between the UK’s largest charity textile collector, The Salvation Army, and leading circularity specialists Project Plan B. The plant opened in the UK in January 2024, and presents huge opportunities for brands to transition to textile-to-textile manufacturing models.
 

Vision and technology are the key ingredients of a ground-breaking school blazer that is showing how businesses can move to a circular textiles economy.  
 
While many brands are grappling with the complexities of inevitable legislation and engrained business models, leading school uniform producer, David Luke, has launched a fully recyclable ‘circular’ school blazer that is designed to be recycled through Project Re:claim, the world’s first commercial-scale polyester recycling plant.
 
Project Re:claim is a joint venture between the UK’s largest charity textile collector, The Salvation Army, and leading circularity specialists Project Plan B. The plant opened in the UK in January 2024, and presents huge opportunities for brands to transition to textile-to-textile manufacturing models.
 
David Luke’s circular blazer has been introduced to the brand’s successful Eco-uniform range which has sold over 1.7 million Eco-blazers in the last decade. Up until 2023, David Luke’s Eco-blazer, like many recycled garments, has been made from recycled plastic bottles. But the company has been working with Tim Cross, CEO of Project Plan B and the Circular Textiles Foundation, to bring the 100% recyclable blazer to market.
 
Tim Cross said: “David Luke has grasped the opportunity to embed 100% recyclable and 100% recycled garments into their range, starting with the school blazer. We now have the technology to enable their blazers to be recycled without any separation of the garment, making it an efficient recycling process. The team at David Luke has worked tirelessly with their manufacturers to create a blazer that does not compromise on design or quality, and yet is much kinder to the environment.”
 
Every detail from the lining, buttons and zips to the inter-linings and adhesives, has been re-thought and re-designed to meet the demands of an everyday school blazer and to recycle the garment once it reaches its end-of-life. Up until now, when the blazers have eventually been handed down to siblings, or given to the local charity shop, there had been no end-of-life solution for polyester garments apart from incineration. Now, Project Re:claim can recycle the blazer to produce polyester pellets, which are then spun into yarn to be used for future David Luke circular blazers.
 
Cross continues: “David Luke has the vision to create a fully circular range, and we have the potential to supply recycled content. The possibilities are infinite in terms of the future of garment design and manufacturing.”
 
Kathryn Shuttleworth, Chief Executive of David Luke, said: “It is a natural next step for us to transition to a textile-to-textile model. We have been producing garments using recycled plastic bottles for 15 years, but we have always had an eye on developments in textile recycling and solutions for end-of-life garments.”
 
In 2020, David Luke was awarded the Queen’s award for Enterprise for Sustainable Development and in January 2023 the David Luke circular blazer achieved Circular Foundation Textile certification.
 
Shuttleworth added: “Our focus will always be on those essential ingredients for parents and children - style, durability and affordability. But we have a responsibility to change our business model to better protect children’s future and the environment. It has become our obsession to make uniforms that meet our customers’ demands. We are really excited about the future as we continue to develop our range.”
 
Majonne Frost, Head of Environment and Sustainability for Salvation Army Trading Company, said: “Our vision is to enable companies to produce uniforms, corporate wear, fashion garments and textile ranges using recycled polyester.  We have the infrastructure to collect donations at scale and we now need companies to step up. This is an opportunity for companies to make a commitment to significantly reduce their environmental impact, and David Luke are showing us how that is possible.”

More information:
uniforms Re:claim
Source:

wearepr / Re:claim

Südwesttextil-Hauptgeschäftsführerin Edina Brenner, Südwesttextil-Vorstand Jochen Eckhold, Ministerin der Justiz und für Migration Marion Gentges und Südwesttextil Präsident Arved H. Westerkamp. (v.l.n.r.) Foto © Ministerium der Justiz und für Migration Baden-Württemberg
Südwesttextil-Hauptgeschäftsführerin Edina Brenner, Südwesttextil-Vorstand Jochen Eckhold, Ministerin der Justiz und für Migration Marion Gentges und Südwesttextil Präsident Arved H. Westerkamp. (v.l.n.r.)
21.05.2024

Fachkräfteeinwanderung: Südwesttextil für baldige Einrichtung einer Landesagentur

Im Gespräch mit Marion Gentges, Ministerin der Justiz und für Migration, plädierte Südwesttextil für eine zeitnahe Umsetzung der Landesagentur für Zuwanderung von Fachkräften (LZF).

Südwesttextil begrüßte im Rahmen des Austauschs mit Marion Gentges, Ministerin der Justiz und für Migration, die Einrichtung einer Landesagentur für Zuwanderung von Fachkräften.

Ministerin der Justiz und für Migration Marion Gentges: „Wir werden eine Landesagentur für die Zuwanderung von Fachkräften einrichten als Angebot an unsere Wirtschaft und Entlastung für die Ausländerbehörden, damit wir kürzere Verfahren und effizientere Prozesse bei der Fachkräfteeinwanderung kriegen. Diese Stelle wird eine landesweite Zuständigkeit haben und Unternehmen, die vor Ort keinen speziellen Ansprechpartner haben, als spezialisierte Anlaufstelle zur Verfügung stehen. Unternehmen, die bereits enge Anbindungen und gute Prozesse mit der Ausländerbehörde vor Ort etabliert haben, können sich aber natürlich auch weiterhin dorthin wenden.“  

Im Gespräch mit Marion Gentges, Ministerin der Justiz und für Migration, plädierte Südwesttextil für eine zeitnahe Umsetzung der Landesagentur für Zuwanderung von Fachkräften (LZF).

Südwesttextil begrüßte im Rahmen des Austauschs mit Marion Gentges, Ministerin der Justiz und für Migration, die Einrichtung einer Landesagentur für Zuwanderung von Fachkräften.

Ministerin der Justiz und für Migration Marion Gentges: „Wir werden eine Landesagentur für die Zuwanderung von Fachkräften einrichten als Angebot an unsere Wirtschaft und Entlastung für die Ausländerbehörden, damit wir kürzere Verfahren und effizientere Prozesse bei der Fachkräfteeinwanderung kriegen. Diese Stelle wird eine landesweite Zuständigkeit haben und Unternehmen, die vor Ort keinen speziellen Ansprechpartner haben, als spezialisierte Anlaufstelle zur Verfügung stehen. Unternehmen, die bereits enge Anbindungen und gute Prozesse mit der Ausländerbehörde vor Ort etabliert haben, können sich aber natürlich auch weiterhin dorthin wenden.“  

Arved H. Westerkamp, Präsident von Südwesttextil, unterstrich im Austausch mit der Ministerin: „Die hohe Relevanz ausländischer Fachkräfte ist für uns unbestritten. Die Textil- und Bekleidungsindustrie macht bereits heute Gebrauch von den Möglichkeiten des Fachkräfteeinwanderungsgesetzes, denn der Fachkräftemangel stellt eine Herausforderung für ein verstärktes Wachstum in der Branche dar.“ Allerdings seien die gesetzlichen Vorgaben nach wie vor zu komplex für den betrieblichen Alltag, berichtet Arved H. Westerkamp. Die Industrie signalisiere Bereitschaft, in der nahen Kooperation mit den relevanten Behörden einen Beitrag zur Beschleunigung der Verfahren in der Übernahme von beratenden Aufgaben zu leisten. Wichtig ist dabei auch die Digitalisierung der Prozesse und die ausreichende Ausstattung der LZF von Beginn an.

„Die Realisierung eines koordinierenden Ansprechpartners für den gesamten Einwanderungsprozess nach dem Motto 'one face to the customer', gebündelt mit einer digitalen Plattform zur Überprüfung des Verfahrensstands bei der Fachkräfteeinwanderung, wäre für die Fachkraft und uns als Unternehmen äußerst hilfreich“, ergänzt Jochen Eckhold, Mitglied des Vorstands von Südwesttextil, die Vorstellung von einem LZF aus Unternehmensperspektive.

Die Bündelung der Kompetenzen in einer zentralen Organisation wäre ein Fortschritt gegenüber der aktuellen Situation. „Die Einbeziehung der Textil- und Bekleidungsindustrie in die Gestaltung und Umsetzung der LZF ist ausdrücklich gewünscht“, betonte Südwesttextil-Hauptgeschäftsführerin Edina Brenner abschließend während des Treffens mit der Justizministerin.

Südwesttextil hat seinen Standpunkt zur Fachkräfteeinwanderung in einem Positionspapier mit zahlreichen Beispielen zum Status Quo in der baden-württembergischen Textil- und Bekleidungsindustrie dargelegt.

Source:

Verband der Südwestdeutschen Textil- und Bekleidungsindustrie Südwesttextil e.V.

21.05.2024

Keys to Unlock the Next Level in Sustainable Fashion

On the occasion of the 15-year anniversary of the inaugural Global Fashion Summit, Global Fashion Agenda (GFA) has released a special edition of the Fashion CEO Agenda  — a strategic resource designed to steer fashion organisations towards achieving a net positive industry by 2050. In line with the 2024 theme of Global Fashion Summit, ‘Unlocking the Next Level’, this year’s Fashion CEO Agenda presents five pivotal opportunities for fashion executives and the industry at large to unlock transformative impact for people and planet.

In the 15 years since the inception of Global Fashion Summit in 2009, sustainability has evolved from a peripheral concern to a central focus in the fashion business landscape, prompting significant strides across the industry. Despite this progress, the alarming escalation of global warming and exponential rise in clothing production demand urgent and collective action from fashion industry leaders.

On the occasion of the 15-year anniversary of the inaugural Global Fashion Summit, Global Fashion Agenda (GFA) has released a special edition of the Fashion CEO Agenda  — a strategic resource designed to steer fashion organisations towards achieving a net positive industry by 2050. In line with the 2024 theme of Global Fashion Summit, ‘Unlocking the Next Level’, this year’s Fashion CEO Agenda presents five pivotal opportunities for fashion executives and the industry at large to unlock transformative impact for people and planet.

In the 15 years since the inception of Global Fashion Summit in 2009, sustainability has evolved from a peripheral concern to a central focus in the fashion business landscape, prompting significant strides across the industry. Despite this progress, the alarming escalation of global warming and exponential rise in clothing production demand urgent and collective action from fashion industry leaders.

Unlocking the next level of positive impact necessitates a comprehensive understanding of interdependencies and system-wide solutions. The 2024 edition of the Fashion CEO Agenda aims to empower fashion leaders and the wider industry to embrace five key opportunities:

  • Operationalising Sustainability
  • Redefining Growth
  • Activating Consumers
  • Prioritising People
  • Mobilising Based on Materiality

Drawing from the five priorities of the Fashion CEO Agenda — Respectful and Secure Work Environments, Better Wage Systems, Resource Stewardship, Smart Material Choices, and Circular Systems — this special edition highlights five cross-cutting opportunities that will help achieve the next level of progress on these priorities.

Tailored for fashion brands, retailers, and producers, this edition of the Fashion CEO Agenda differs from previous editions as it focuses on challenging norms and amplifying efforts, and serves as a crucial inflection point for the industry to foster positive outcomes for both society and the environment. By upholding the rights of workers, championing diversity and inclusivity, redefining success metrics, and reshaping growth paradigms, profound transformation is possible.
 
Federica Marchionni, CEO, Global Fashion Agenda, says: “The Fashion CEO Agenda 2024 aims to help leaders to shift their mindset, providing clear unlocks for embracing the challenges for future proofing their businesses and operations. I urgently encourage leaders to work closely with cross-functional teams, use empathy, and a values-based approach that prioritises the planet and the well-being of the people. By doing so, we secure the foundation of our businesses and deliver not only financial returns but also positive impact on the world around us.”

Through renowned events, impact programmes, and thought leadership publications, GFA consistently convenes industry pioneers, shares tangible case studies, disseminates best practices, and highlights practical tools. While recognising the enduring utility of these resources, stakeholders are now encouraged to build upon existing insights and embrace increasingly sophisticated, holistic, and human-centric opportunities to unlock the next level of industry transformation across the entire value chain.

The Fashion CEO Agenda 2024 is an openly accessible resource and available to download at the GFA’s website

Source:

Global Fashion Agenda

17.05.2024

BTE-Publikation: Warenbewertung und Teilwert-Abschreibung im Outfit-Handel

Während sich die ersten Unternehmen bereits mit der Warenbewertung für den Jahresabschluss 2023 beschäftigen, arbeiten andere noch an der Schlussabrechnung der Überbrückungshilfe. Diese muss bekanntlich bis 30. September 2024 eingereicht werden. Wird die Frist versäumt, müssen die Hilfen zurückgezahlt werden!
 
Sowohl beim normalen Jahresabschluss als auch bei der Schlussabrechnung der Überbrückungshilfe stellt sich gleichermaßen die Frage nach einer angemessenen Warenbewertung und deren stichhaltiger Begründung. Über die allgemeinen Bewertungsfragen hinaus besteht zudem das Problem, wie die Corona-Überbrückungshilfe zu berücksichtigen ist, bei der Warenwertverluste den erstattbaren Fixkosten zugerechnet werden konnten.
 

Während sich die ersten Unternehmen bereits mit der Warenbewertung für den Jahresabschluss 2023 beschäftigen, arbeiten andere noch an der Schlussabrechnung der Überbrückungshilfe. Diese muss bekanntlich bis 30. September 2024 eingereicht werden. Wird die Frist versäumt, müssen die Hilfen zurückgezahlt werden!
 
Sowohl beim normalen Jahresabschluss als auch bei der Schlussabrechnung der Überbrückungshilfe stellt sich gleichermaßen die Frage nach einer angemessenen Warenbewertung und deren stichhaltiger Begründung. Über die allgemeinen Bewertungsfragen hinaus besteht zudem das Problem, wie die Corona-Überbrückungshilfe zu berücksichtigen ist, bei der Warenwertverluste den erstattbaren Fixkosten zugerechnet werden konnten.
 
Grundsätzlich beruhen Konflikte zwischen Einzelhändlern und Finanzämtern darauf, dass eine niedrige Bewertung des aktuellen Warenbestandes zu einer vorübergehenden Schmälerung des Gewinns und somit auch der Steuerlast führt. Zusätzlich kommt ggf. noch die Frage hinzu, inwieweit auch die Höhe der Überbrückungshilfe für Warenverluste angemessen war. Bekanntermaßen gibt es – im Gegensatz zum Anlagevermögen – keine klar fixierten Richtwerte für die Abschriftenhöhe bei Kleidung, Schuhen und Accessoires/Lederwaren, so dass Finanzbehörden bei hohen Abschriften seitens des Modehandels häufig misstrauisch sind.
 
Andererseits schreibt das HGB allen Kaufleuten eine generell vorsichtige Bewertung ihrer Situation vor. Hinzu kommt auf beiden Seiten oftmals strukturelles Unwissen, z. B. über die modische Aktualität von Artikeln bei den Finanzbehörden oder die tatsächlichen Auswirkungen von Bewertungs-Entscheidungen auf Handelsseite. So führt ein generell überhöhter Ansatz bei den Teilwertabschreibungen z. B. nur einmalig zu Steuervorteilen.
 
Um Unternehmen des Bekleidungs-, Schuh- und Lederwarenhandels, aber auch Steuerberatern und Finanzbehörden verständliche Anhaltspunkte für eine objektive und nachvollziehbare Warenbewertung zu geben, hat der BTE im Herbst 2021 die Publikation „Warenbewertung und Teilwert-Abschreibung im Outfit-Handel – gesetzliche Grundlagen, Inventur- und Bewertungsverfahren, Auswirkungen, Praxisbeispiele“ erstellt. Auf 84 Seiten werden, ausgehend von den handels- und steuerrechtlichen Grundlagen sowie geltenden Bewertungsprinzipien, die folgenden Punkte praxisnah und anhand vieler Beispiele ausführlich dargestellt:
 

  • mögliche Inventur- und Bewertungsverfahren
  • Besonderheiten und Kriterien der Warenbewertung im Outfithandel
  • Teilwertabschläge in der Praxis nach Teilbranchen (DOB, HAKA, KIKO, Wäsche/Strümpfe, Heim- und Haustextilien, Sport, Schuhe)
  • Auswirkungen von Teilwertabschriften und Inventurdifferenzen auf GuV und Bilanz
  • Maßnahmen zur Durchsetzung von Teilwertabschlägen gegenüber dem Finanzamt

Ein Musterbrief an das Finanzamt mit konkreten Empfehlungen zur realistischen Höhe von Teilwertabschlägen für einzelne Artikel der Outfitbranche – mit und ohne Berücksichtigung eines Corona-Effektes – rundet die Publikation ab. Autoren dieses Leitfadens sind die Unternehmensberater Peter Anklam und Ulf Heitmann.
 
Hinweis: Der Titel aus der Fachreihe BTE-Praxiswissen Textil, Schuhe, Lederwaren kann bestellt werden im BTE-Webshop unter www.bte.de (Rubrik: Publikationen), wo auch das Inhaltsverzeichnis und Leseproben einsehbar sind. Oder per E-Mail an itebestellungen@bte.de. Preis: 45,79 Euro zzgl. Versand für die Print-Version bzw. 42,06 Euro für die PDF-Variante; jeweils zzgl. 7% MwSt. EHV-Mitglieder erhalten unter Angabe ihrer EHV-Mitgliedsnummer einen Nachlass in Höhe von 20 Prozent!

Source:

BTE Handelsverband Textil Schuhe Lederwaren

Trevira CS fabrics and trimmings © Photo: Indorama Ventures
Trevira CS fabrics and trimmings
17.05.2024

Trevira CS at Clerkenwell Design Week in London

The Trevira CS brand is celebrating its debut at Clerkenwell Design Week (CDW), which takes place in London from May 21-23 2024. The brand is particularly targeting interior architects, interior designers, and contract furnishers to present its innovations on sustainability. Trevira CS stands for flame retardant fabrics that have been tested for fire safety. They also offer numerous sustainable properties.

The Trevira CS brand is celebrating its debut at Clerkenwell Design Week (CDW), which takes place in London from May 21-23 2024. The brand is particularly targeting interior architects, interior designers, and contract furnishers to present its innovations on sustainability. Trevira CS stands for flame retardant fabrics that have been tested for fire safety. They also offer numerous sustainable properties.

The London borough of Clerkenwell is home to more creative businesses and architects per square mile than anywhere else in the world, making it one of the most important design hubs in the world. To celebrate this rich and diverse community, Clerkenwell Design Week has created a unique opportunity to showcase the world's leading interior design brands. With more than 600 events in over 160 showrooms, more than 11 curated exhibitions, stunning installations, talks and a supporting program, CDW has established itself as the UK's leading design festival. The Trevira CS stand is part of the "German Collection - home to German Contemporary Design", which brings together a leading selection of renowned German brands.
 
The product range of flame-retardant Trevira® filament yarns now also includes 30 spun-dyed, UV-stable yarns, which are particularly suitable for outdoor use in fabrics in the hospitality sector and on cruise ships due to their high light fastness and UV resistance. They also score points for their sustainable properties, as the fabrics made from them can be produced in a more environmentally friendly way than textiles made from conventional yarns.

Trevira CS fabrics are also available in recycled versions. They consist of fiber and filament yarns that are obtained in various recycling processes. Fabrics made from these yarns can obtain the Trevira CS eco trademark. The prerequisite for this is a recycled content of at least 50%.

More information:
Outdoor Trevira CS flame retardant
Source:

Trevira CS is a brand of Indorama Ventures Fibers Germany GmbH

adidas and Arsenal: Home Kit for 2024/25 with iconic cannon (c) adidas AG
17.05.2024

adidas and Arsenal: Home Kit for 2024/25 with iconic cannon

adidas and Arsenal reveal the new home kit for the 2024/25 season, that celebrates the rich heritage of The Gunners.

The club’s traditional colours of red and white with a slick navy addition, combine to create a modern looking design, that sees the cannon feature outside the crest on the home kit for the first time since the 1989/90 season. Previously seen on Arsenal away and third kits, the cannon represents an enduring symbol of Arsenal’s history which has been synonymous with the club since its inception.  

The new kit will be worn on pitch for the first time by Arsenal Women when they take on Brighton in the final match of the WSL season on Saturday May 18.

adidas and Arsenal reveal the new home kit for the 2024/25 season, that celebrates the rich heritage of The Gunners.

The club’s traditional colours of red and white with a slick navy addition, combine to create a modern looking design, that sees the cannon feature outside the crest on the home kit for the first time since the 1989/90 season. Previously seen on Arsenal away and third kits, the cannon represents an enduring symbol of Arsenal’s history which has been synonymous with the club since its inception.  

The new kit will be worn on pitch for the first time by Arsenal Women when they take on Brighton in the final match of the WSL season on Saturday May 18.

More information:
adidas adidas AG Sportswear
Source:

adidas AG

DECATHLON investiert in Textilrecycling-Startup Recyc’Elit (c) Decathlon
17.05.2024

DECATHLON investiert in Textilrecycling-Startup Recyc’Elit

  • DECATHLON investiert in Textilrecycling-Startup Recyc’Elit.
  • Als Hersteller von Sportartikeln unterstützt das Unternehmen Start-ups, die die Kreislaufwirtschaft in der Textilindustrie vorantreiben wollen.

Recyc’Elit wurde 2020 in Lyon (Frankreich) von den Brüdern und promovierten Wissenschaftlern Karim und Raouf Medimagh gegründet. Sie entwickelten eine Technologie zur Materialtrennung, um recycelten Polyester, Elasthan und Polyamid zu gewinnen. Mit einem ersten Prototyp, der 2025 gebaut werden soll, verfolgt das Start-up das Ziel, Textilabfalldurch einen chemischen Recyclingprozess wieder in den Produktionskreislauf einzubinden, was in einer Vielzahl von Branchen Anwendung finden kann.

  • DECATHLON investiert in Textilrecycling-Startup Recyc’Elit.
  • Als Hersteller von Sportartikeln unterstützt das Unternehmen Start-ups, die die Kreislaufwirtschaft in der Textilindustrie vorantreiben wollen.

Recyc’Elit wurde 2020 in Lyon (Frankreich) von den Brüdern und promovierten Wissenschaftlern Karim und Raouf Medimagh gegründet. Sie entwickelten eine Technologie zur Materialtrennung, um recycelten Polyester, Elasthan und Polyamid zu gewinnen. Mit einem ersten Prototyp, der 2025 gebaut werden soll, verfolgt das Start-up das Ziel, Textilabfalldurch einen chemischen Recyclingprozess wieder in den Produktionskreislauf einzubinden, was in einer Vielzahl von Branchen Anwendung finden kann.

Die Technologie von Recyc’Elit ermöglicht für Decathlon den Zugriff auf recycelte Textilien aus Abfällen, was einerseits den Wettbewerbsvorteil aufrecht erhält, andererseits die Möglichkeit eröffnet, Teil der Textilrecycling-Wertschöpfugskette zu werden.
 
Decathlons Initiative zielt darauf ab, Innovationen zu fördern und nachhaltige Ansätze in der Textilindustrie zu unterstützen. Diese stehen im Einklang mit den Bestrebungen und der Vision von Recyc'Elit, die textile Wertschöpfungskette umzugestalten, und tragen zur Realisierung dieser Partnerschaft bei.

Source:

Decathlon Deutschland

Cotonea verlässt Textile Exchange (c) COTONEA
17.05.2024

Cotonea verlässt Textile Exchange

Cotonea beendet ab sofort ihre Mitgliedschaft bei der globalen Brancheninitiative Textile Exchange.

Roland Stelzer, Geschäftsführer des Familienunternehmens Elmer & Zweifel, erläutert diesen Schritt: „Textile Exchange hatte sich unter dem ursprünglichen Namen ‚Organic Exchange‘ als Vertretung der globalen Biobaumwollbauern gegründet. Das originäre Ziel der Initiative, die weltweite Bio- und Fairtrade-Produktion voranzubringen, haben wir über viele Jahre uneingeschränkt unterstützt, zumal wir von Cotonea dasselbe Ziel verfolgen. Inzwischen hat sich Textile Exchange jedoch zu einem Sprachrohr der großen Marken und der Fast-Fashion-Industrie entwickelt. Damit hat Textile Exchange das eigentliche Ziel aus den Augen verloren, und darüber hinaus eine interne Kultur entstehen lassen, die wir nicht mehr unterstützen wollen.“

Cotonea beendet ab sofort ihre Mitgliedschaft bei der globalen Brancheninitiative Textile Exchange.

Roland Stelzer, Geschäftsführer des Familienunternehmens Elmer & Zweifel, erläutert diesen Schritt: „Textile Exchange hatte sich unter dem ursprünglichen Namen ‚Organic Exchange‘ als Vertretung der globalen Biobaumwollbauern gegründet. Das originäre Ziel der Initiative, die weltweite Bio- und Fairtrade-Produktion voranzubringen, haben wir über viele Jahre uneingeschränkt unterstützt, zumal wir von Cotonea dasselbe Ziel verfolgen. Inzwischen hat sich Textile Exchange jedoch zu einem Sprachrohr der großen Marken und der Fast-Fashion-Industrie entwickelt. Damit hat Textile Exchange das eigentliche Ziel aus den Augen verloren, und darüber hinaus eine interne Kultur entstehen lassen, die wir nicht mehr unterstützen wollen.“

Nach 8 Jahren Mitgliedschaft konkretisiert Roland Stelzer seine Erfahrungen: „Viele Mitarbeiter von Textile Exchange, die für Bio und Fairtrade standen, haben die Organisation mittlerweile verlassen. Auch ist der ursprüngliche runde Tisch zum Erfahrungsaustausch und gemeinsamen Entwickeln von Maßnahmen einer Top-Down-Kultur gewichen. Diese von finanzstarken Mitgliedern von oben verordnete Handlungsanweisung entspricht weder inhaltlich noch kulturell unseren Werten. Textile Exchange ist leider nicht mehr vom Geist des biologischen und fairen Baumwollanbaus, sondern von Fast-Fashion mit teilweise grünem Mäntelchen geprägt.“

Cotonea bedauert diese Entwicklung, da Textile Exchange nach wie vor der Hauptlieferant globaler Daten zum Biobaumwollmarkt ist. Die darin liegende Chance zur Weiterentwicklung des nachhaltigen Faseranbaus nutzt die Brancheninitiative jedoch nicht. So hat der Anbau von Biobaumwolle positive Auswirkungen auf die Fruchtbarkeit der Böden. Darüber hinaus speichern Bio-Böden mehr CO2 und halten verfügbares Wasser besser als Böden der agro-industriellen Landwirtschaft. Fast Fashion dagegen ist weder ökologisch sinnvoll noch fair produziert.

Roland Stelzer ergänzt: „Selbstverständlich befürworten wir das Engagement großer Marken für nachhaltige Textilien, da diese eine große Hebelwirkung haben. Dies setzt jedoch voraus, dass den Ankündigungen auch konkrete Taten folgen.“ Unabhängig hiervon wird sich Cotonea auch künftig in internationalen Verbänden und Initiativen für die Weiterentwicklung von Biobaumwolle einsetzen.

More information:
Cotonea Textile Exchange Baumwolle
Source:

COTONEA

INDA releases 2024 Nonwovens Supply Report (c) INDA
17.05.2024

INDA releases 2024 Nonwovens Supply Report

INDA, the Association of the Nonwovens Fabrics Industry, announces the publication of the eleventh edition of the annual North American Nonwovens Supply Report.  

Based on extensive research, producer surveys and interviews with industry leaders, this report provides a comprehensive view of the North American supply of nonwoven materials including the key metrics of capacity, production and operating rates, and regional trade through 2023.

The Executive Summary from annual Supply Reports, the quarterly INDA Market Pulse and monthly Price Trends Summary are provided to INDA members on a complimentary basis as part of their membership. The data gathered for this annual report serves as the foundation for both the biennial Global Nonwoven Markets Report to be published in October 2024 and the biennial North American Nonwovens Industry Outlook, which was published in October 2023.

Findings from this year’s Supply Report include:

INDA, the Association of the Nonwovens Fabrics Industry, announces the publication of the eleventh edition of the annual North American Nonwovens Supply Report.  

Based on extensive research, producer surveys and interviews with industry leaders, this report provides a comprehensive view of the North American supply of nonwoven materials including the key metrics of capacity, production and operating rates, and regional trade through 2023.

The Executive Summary from annual Supply Reports, the quarterly INDA Market Pulse and monthly Price Trends Summary are provided to INDA members on a complimentary basis as part of their membership. The data gathered for this annual report serves as the foundation for both the biennial Global Nonwoven Markets Report to be published in October 2024 and the biennial North American Nonwovens Industry Outlook, which was published in October 2023.

Findings from this year’s Supply Report include:

  • North American capacity continues to increase with investments being made across all processes and for a variety of end-uses. Production output is shifting and has slowed down in 2023 to reflect larger machine installations just now coming on-line.
  • In 2023, the capacity of nonwovens in North America reached 5.713 million tonnes, an increase from the previous year of over 230,000 tonnes.
  • Many new nonwoven production lines were installed in 2023, but mostly in the long-life sectors which shows a positive move towards sustainable goals across the board.
Source:

INDA, the Association of the Nonwoven Fabrics Industry

DITF: Digital Textile Micro Factory at drupa Photo: DITF
Automated cutting of individualized garments on a single-ply cutter
17.05.2024

DITF: Digital Textile Micro Factory at drupa

Together with international partners from industry and research, the DITF are presenting the Digital Textile Micro Factory at drupa's touchpoint textile (from May 28 to June 7, 2024). A fully networked on-demand production of sports products will be presented - from virtual design to the finished product.

One highlight is the material buffer between the printer and cutter, which links the continuous printing process with the step-by-step cutting process. At the end of the production chain, a robot arm sorts all the cut parts belonging to a product, such as the front and back sections, sleeves and collar trim of a T-shirt, into the corresponding boxes. Manual handling is only necessary in exceptional cases.

In future, digitally networked design and production chains will make it possible to react quickly and specifically to customer wishes and trends. This approach protects the environment and conserves resources: instead of producing mass-produced goods for the trash, the products are tailored precisely to requirements. At the trade fair, the carbon footprint from virtual development to the finished product will also be determined and explained using a model.

Together with international partners from industry and research, the DITF are presenting the Digital Textile Micro Factory at drupa's touchpoint textile (from May 28 to June 7, 2024). A fully networked on-demand production of sports products will be presented - from virtual design to the finished product.

One highlight is the material buffer between the printer and cutter, which links the continuous printing process with the step-by-step cutting process. At the end of the production chain, a robot arm sorts all the cut parts belonging to a product, such as the front and back sections, sleeves and collar trim of a T-shirt, into the corresponding boxes. Manual handling is only necessary in exceptional cases.

In future, digitally networked design and production chains will make it possible to react quickly and specifically to customer wishes and trends. This approach protects the environment and conserves resources: instead of producing mass-produced goods for the trash, the products are tailored precisely to requirements. At the trade fair, the carbon footprint from virtual development to the finished product will also be determined and explained using a model.

More information:
DITF drupa cutting system
Source:

Deutsche Institute für Textil- und Faserforschung (DITF)

15.05.2024

Indorama Ventures: 1Q24 Performance

  • Sales Volume rose 3% QoQ and 2% YoY to 3.55MT
  • Adjusted EBITDA of $366M, a rise of 32% QoQ and a decline of 2% YoY
  • Operating cash flows of $184M
  • Net Operating Debt to Equity of 1.12
  • Reported EPS of THB0.17

Indorama Ventures Public Company Limited (IVL) reported an improved quarterly performance as the prolonged destocking trend showed further signs of easing. During the quarter, the company progressed its IVL 2.0 evolved strategy to enhance earnings quality and transform its business to emerge stronger from the downturn in global chemical markets.

  • Sales Volume rose 3% QoQ and 2% YoY to 3.55MT
  • Adjusted EBITDA of $366M, a rise of 32% QoQ and a decline of 2% YoY
  • Operating cash flows of $184M
  • Net Operating Debt to Equity of 1.12
  • Reported EPS of THB0.17

Indorama Ventures Public Company Limited (IVL) reported an improved quarterly performance as the prolonged destocking trend showed further signs of easing. During the quarter, the company progressed its IVL 2.0 evolved strategy to enhance earnings quality and transform its business to emerge stronger from the downturn in global chemical markets.

Indorama Ventures’ reported Adjusted EBITDA1  of $366 million in 1Q24, a 32% increase QoQ and a 2% decline YoY. Sales volume grew 3% QoQ as the widespread customer destocking that sapped demand through 2023 shows signs of a gradual recovery across all sectors, partially offset by a winter freeze in the U.S. The result was supported by lower utilities costs in Europe, Red Sea-related supply chain disruptions that benefited the company’s import parity advantages, and favorable shale gas economics that bolstered profitability in the U.S.

Indorama Ventures expects the recovery in volumes to continue through 2024, albeit at a gradual pace as destocking normalizes and the approaching summer supports demand. However, the overall landscape for the global chemical industry remains challenging due to excess capacity builds, as well due to persistent inflation and high interest rates which weigh on industry spreads and continue to impair profitability, especially across the polyester value chain. Our HVA segment ‘Indovinya’ is progressing well into the second quarter post the easing of destocking and anticipating a healthy 2024.

The company’s experienced management remains intensely focused on managing costs, optimizing competitiveness, and maintaining high liquidity. Indorama Ventures’ diverse geographical footprint is a key advantage in the current low-margin environment, allowing its businesses to maintain their strong market premium, supported by protection from trade and non-trade barriers.

In 1Q, the company made headway with its IVL 2.0 three-year plan to leverage its global leadership position and forge a new era of opportunity amid significant structural changes in chemical markets. Under the evolved strategy, which the company outlined at its annual Capital Markets Day in March, Indorama Ventures is optimizing assets, reducing debt, and focusing on generating free cash flow to deliver enhanced shareholder returns. Today, 70% of the company's revenue has deployed the SAPS/4HANA ERP and is using the infrastructure to enhance digital procurement, sales excellence, and integration of supply chains across the business. The company believes these AI tools will improve productivity and costs, as well as release working capital in line with its modernization strategy.

As part of IVL 2.0, the company is optimizing 7 sites, including the ongoing evaluation of its PTA/PET operation in the Netherlands. It has also made significant progress in its program to refinance $1.1 billion of debt within the first half of 2024 to ensure ample liquidity. Recent capital raisings include a $255 million ‘Ninja loan’, a THB 10 billion debenture, a $100M bi-lateral loan, and this week’s successful close of a $500 million syndicated loan – achieved at lower-than-average spreads compared to previous issuances.

To unlock value, Indorama Ventures is preparing its packaging and surfactants businesses for IPOs. From 1Q24, the Indovinya segment (previously named ‘Integrated Oxides and Derivatives’) is focused on developing its attractive downstream surfactants operations as a separate segment. The segment’s Intermediate Chemicals business, consisting of shale base integrated Ethylene MEG, MTBE and merchant Purified EO assets, have been moved under the Combined PET (CPET) segment where they are a natural fit.

Segment Performances
In 1Q24, CPET segment (including Intermediate Chemicals) posted Adjusted EBITDA of $249 million, a 34% gain QoQ and 4% YoY as supply chain disruptions and a consequent spike in global ocean freight rates supported high prices and margins, and as Western markets benefited from lower energy costs. The Indovinya segment reported a stable Adjusted EBITDA of $70 million, impacted by the winter freeze in the U.S and a mini turnaround at a PO/PG plant. The Fibers segment achieved a remarkable 73% increase in Adjusted EBITDA to $39 million QoQ, and 2% YoY, as destocking waned across all three business verticals and drove an 8% QoQ increase in volume.

Source:

Indorama Ventures Public Company Limited

15.05.2024

Italian Trade Agency ITA at ITM 2024 with Italian Pavilion

The Italian Trade Agency (ITA) decided to participate in the ITM 2024 Exhibition this year with the Italian pavilion.

ITM 2024 International Textile Machinery Exhibition is preparing to host textile technology leaders in Istanbul on June 4-8, 2024. ITM 2024, which will be organized this year with the motto 'Discover the Future', will offer opportunities to discover the latest innovations in the sector, establish new business contacts and shape the textile world of the future together. The products to be exhibited at ITM 2024 Exhibition, which will bring together nearly 1300 domestic and foreign companies, will meet with thousands of buyers and visitors.

The Italian Trade Agency (ITA) is the governmental agency that supports the business development of Italian companies abroad and encourages the attraction of foreign investments to the country. ITA has decided to participate in the ITM 2024, which will be held at Tüyap Fair and Congress Center, as a pavilion. With this decision, ITA aims to further strengthen its presence in the sector and in Turkey.

The Italian Trade Agency (ITA) decided to participate in the ITM 2024 Exhibition this year with the Italian pavilion.

ITM 2024 International Textile Machinery Exhibition is preparing to host textile technology leaders in Istanbul on June 4-8, 2024. ITM 2024, which will be organized this year with the motto 'Discover the Future', will offer opportunities to discover the latest innovations in the sector, establish new business contacts and shape the textile world of the future together. The products to be exhibited at ITM 2024 Exhibition, which will bring together nearly 1300 domestic and foreign companies, will meet with thousands of buyers and visitors.

The Italian Trade Agency (ITA) is the governmental agency that supports the business development of Italian companies abroad and encourages the attraction of foreign investments to the country. ITA has decided to participate in the ITM 2024, which will be held at Tüyap Fair and Congress Center, as a pavilion. With this decision, ITA aims to further strengthen its presence in the sector and in Turkey.

Source:

ITM Exhibition, Tüyap Tüm Fuarcılık Yapım A.Ş. and Teknik Fairs Inc.

15.05.2024

Shima Seiki with Temco Argentina at SIMATEX 2024

Flat knitting technologist SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Argentinian representative TEMCO ARGENTINA S.A., will participate in the SIMATEX exhibition in Buenos Aires, Argentina (21st - 23rd May 2024).

SHIMA SEIKI will exhibit a wide range of products, including proposals in seam-free WHOLEGARMENT® knitting technology as an alternative to labor-intensive manufacturing in the South American market. Three MACH2®VS machines, capable of knitting WHOLEGARMENT® knitwear using every other needle, will be shown in 12, 16 and 18 gauge. N.SVR®122, shown in 5 gauge, is the industry benchmark for shaped knitting, featuring such innovations as the R2CARRIAGE®, WideGauge® knitting, spring-type moveable sinkers, DSCS® Digital Stitch Control System, stitch presser, yarn gripper and cutter, and takedown comb.

Flat knitting technologist SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its Argentinian representative TEMCO ARGENTINA S.A., will participate in the SIMATEX exhibition in Buenos Aires, Argentina (21st - 23rd May 2024).

SHIMA SEIKI will exhibit a wide range of products, including proposals in seam-free WHOLEGARMENT® knitting technology as an alternative to labor-intensive manufacturing in the South American market. Three MACH2®VS machines, capable of knitting WHOLEGARMENT® knitwear using every other needle, will be shown in 12, 16 and 18 gauge. N.SVR®122, shown in 5 gauge, is the industry benchmark for shaped knitting, featuring such innovations as the R2CARRIAGE®, WideGauge® knitting, spring-type moveable sinkers, DSCS® Digital Stitch Control System, stitch presser, yarn gripper and cutter, and takedown comb.

Demonstrations will be performed on SHIMA SEIKI's SDS®-ONE APEX4 design system. SDS®-ONE APEX4 provides support throughout the supply chain, integrating production into one smooth and efficient workflow from yarn development, product planning and design, to machine programming, production and even sales promotion. Especially effective is the way SDS®-ONE APEX4 improves on the product planning and design evaluation process by replacing physical samples with digital prototypes based on photo-realistic simulations. These virtual samples realize significant savings in time, cost and material, contributing to sustainable manufacturing.

More information:
Shima Seiki Temco Argentina
Source:

SHIMA SEIKI MFG., LTD.