Turkiye-Based Breathable Film Technologies Manufacturer Will Establish First American Facility In North Carolina

RALEIGH, N.C. — May 27, 2025 — Governor Josh Stein announced that Pelsan Tekstil A.S., a global leader in breathable film technologies for the hygiene and medical sectors, will establish its first production facility in the United States in Wayne County, creating 216 jobs. The company will make an $82.6 million investment in Goldsboro.

“North Carolina is pleased to welcome Pelsan as it opens its first facility in the United States,” said Governor Stein. “Our skilled workforce, combined with North Carolina’s convenient East Coast location, enables companies to efficiently produce and deliver high-quality products to their customers.”

Pelsan was established in 2006 as a subsidiary to the Hassan Group, which has more than 80 years of experience in nonwoven and polymer film technologies. Pelsan was the first company in Turkiye to manufacture breathable polyethylene films and today offers one of the industry’s most advanced product portfolios. The company’s project in Goldsboro establishes its first U.S. facility for manufacturing various lines of breathable films for hygiene and medical applications, enabling Pelsan to respond more efficiently to rising demand across North America.

“This expansion is a major strategic milestone for us,” said Ali Sisman, CEO of Pelsan Tekstil. “Our decision to invest in North Carolina underscores our belief in the region’s strong workforce, robust infrastructure, and its alignment with our values of innovation and collaboration. This facility represents a significant new chapter in our company’s journey. We are at a pivotal moment — at the intersection of life and innovation. This journey of transformation and progress is not just ours, but one we share with every individual seeking change, growth, and a better tomorrow.”

“We continue to see strong interest in our state from international companies looking to expand into North America,” said Commerce Secretary Lee Lilley. “Our business-friendly reputation and proven competitive advantages continue to attract top-tier companies like Pelsan from around the globe.”

Although wages will vary depending on the position, the average salary for the new jobs will be $48,789. The current average wage in Wayne County is $46,211.

The company’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by more than $719.5 million. Using a formula that takes into account the new tax revenues generated by the new jobs and the capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $2,065,000, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

The project’s projected return on investment of public dollars is 115 per cent, meaning for every dollar of potential cost, the state receives $2.15 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

“We welcome this vote of confidence in Wayne County, Goldsboro, and our state overall,” said Representative John Bell. “These new manufacturing jobs and the company’s significant capital investment will bring new job opportunities for our people and will boost the local economy.”

“The new jobs and the investment into Goldsboro will bring economic growth and stability to Eastern NC”, said Senator Buck Newton. “On behalf of Wayne County, we welcome Pelsan to our community and we will continue to support this company as it grows. I am looking forward to witness the benefits this project will bring.”

In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Community College System, Wayne Community College, North Carolina Global TransPark Economic Development Region, Wayne County, the City of Goldsboro, Wayne County Development Alliance, North Carolina’s Southeast, and Duke Energy.

Posted: May 27, 2025

Source: North Carolina Office of the Governor

Good Fashion Fund Partners With Sharadha Terry For New Rugs Unit

AMSTERDAM — May 23, 2025 — The Good Fashion Fund, managed by FOUNT, has made an investment in Sharadha Terry Products Pvt. Ltd. (STPPL) — a renowned Indian manufacturer and exporter of high-quality bed and bath products under the MicroCotton® brand from Metupalayam. The $1.75 million loan will support STPPL’ investment in set-up of their new bath and area rugs unit (Sri Gugan Mills) in Metupalayam, Tamil Nadu. With this investment, the Good Fashion Fund is fully invested, and FOUNT is aiming to establish a follow-up fund (Good Fashion Fund 2.0) building on the successful track record, networks, lessons learned and methodologies of GFF.

Good Fashion Fund team at Sharadha Terry / Micro Cotton® booth at Heimtextil Expo ‘25, Frankfurt
(Left to Right) Sruthi Ramesh (Sr. Analyst, GFF), Vikram Krishna (MD, STPPL), Jayanth Kashyap B (Investment Lead, GFF)

The investment in Sharadha Terry Products by GFF will be towards the installation of a state-of-the-art tufting machine and accessories. The new rugs unit has an annual capacity of 4 million square meters and will majorly produce dope dyed polyester bath rugs and cotton bath rugs, with other recycled fibers such under development for new products. Compared to conventional rug manufacturing units, STPPL will significantly reduce water consumption and eliminate the usage of hazardous chemicals typically used in conventional dyeing from its process supported by a dedicated effluent treatment plant (ETP) for the rugs unit that will recover up to 98% of wastewater — estimated by STPPL — positioning itself as of one of India’s few integrated and sustainable rug manufacturers with capacity above 4 million square meters of production. The unit will be operated by workers from the nearby regions of Metupalayam, anticipated to create more than 200 jobs across male and female workers.

With India as a prominent home textile player internationally, STPPL is strategically positioned to leverage its existing brand and reputation with the business expansion and product diversification into bath and area rugs, increasing its revenue potential and improving overall resource efficiency. The company debuted its new rugs product line under ‘Sharadha Rugs’ at the Heimtextil show in January ’25 at Frankfurt for its international customers – becoming a one-stop shop for bed and bath products manufactured in the highest sustainability standards and regulatory requirements. STPPL draws majority of power through captive generation of power through its windmills (5.1 mw) and solar plant (10.1 mw).

Speaking on the partnership, Vikram Krishna, Managing Director of Sharadha Terry Products Private Limited, “We are proud to partner with the Good Fashion Fund in our journey to bring innovative and sustainable solutions to the global home textiles market. This investment enables us to expand our product portfolio into bath and area rugs while reinforcing our deep commitment to environmental stewardship and community development. At Sharadha, we believe that growth and responsibility go hand in hand — and with this support, we are building one of India’s most resource-efficient rug manufacturing units, powered by clean energy and operated by local talent.”

Bob Assenberg, Fund Director of Good Fashion Fund commented “We are elated to expand our presence in the home textiles segment with this investment in Sharadha Terry Products – being our final investment from the GFF. This partnership is a testament to the company’s commitment to sustainability and our goal as an impact fund to focus on deeper tiers of the textile industry. As an established company with rich legacy in the bath textile segment, Sharadha Terry continues to aim for new opportunities in the bath and area rugs segment as well. We look forward to collaborating towards demonstrating best practices in sustainable manufacturing for the textile industry.”

The Good Fashion Fund (GFF), is initiated by Fashion for Good and is a collaboration between Laudes Foundation, The Mills Fabrica and FOUNT complemented by Rabobank as lender to the Fund. The Fund provides long-term USD loans in addition to technical and environmental and social expertise to manufacturers in Asia, primarily India and Bangladesh. Financing is to be used to invest in impact equipment that deliver both economic growth and good fashion practice. The Good Fashion Fund has a blended capital structure with an actual fund size of USD 19 million. The Fund is managed by FOUNT, a leading impact investment firm from the Netherlands.

Current partners of the GFF also include K.K.P Fine Linen (India), Pratibha Syntex (India), Sri Kannapiran Mills (India), Progress Apparels (Bangladesh) and EPIC Group (Bangladesh).

Posted: May 27, 2025

Source: The Good Fashion Fund

Core Linen Services Partners With The Association For Linen Management To Expand Education Access For Employees And Customers

RICHMOND, Ky. — May 27, 2025 — Core Linen Services, a leading provider of linen and laundry solutions, is proud to announce a new partnership with the Association for Linen Management (ALM) to enhance industry education and professional development opportunities for its team members and customers.

Through this partnership, Core Linen has expanded its ALM membership to include all employees at its owned facilities, as well as strategic account managers. These individuals along with key customers will now have full access to ALM’s premier online education programs including:

  • Laundry Operations Courses
    • Certified Laundry and Linen Manager (CLLM)
    • Certified Washroom Technician (CWT)
  • Linen Management/Customer Service Courses:
    • Mastery of Healthcare Linen Management (MHLM)
    • Certified Linen Technician (CLT).

Core Linen’s decision to extend this training program to its customers reflects a meaningful investment in building strong, collaborative partnerships. By ensuring healthcare staff are well-trained in proper linen handling, storage, and distribution, Core Linen helps reduce waste, loss, and damage. Trained personnel are more likely to follow best practices that promote infection control, preserve textile quality, and ensure accurate usage tracking. The result is fewer service issues, clearer communication, and more efficient operations. For Core Linen, this translates into lower costs, fewer complaints, and higher customer satisfaction, ultimately reinforcing the partnership and driving better outcomes for both the laundry and the healthcare facility.

“At Core Linen, we are committed to investing in the people who make a difference for our customers every day,” said Liz Remillong, vice president of Core Linen Services. “Partnering with ALM allows us to provide our team and key partners with access to best-in-class training and certification programs. We believe that empowering individuals with education leads to stronger operations, better service, and a healthier future for our industry.”

The collaboration reflects both organizations shared commitment to advancing professionalism, quality, and operational excellence across the textile care and laundry sectors.

“We are thrilled to welcome all of Core Linen’s employees and partners into ALM’s growing network,” said Sarah Brobeck, president and CEO of ALM. “Their commitment to education underscores the value of skilled, knowledgeable professionals in every aspect of the laundry and linen business. Together, we are setting a new standard for quality and service in the industry.”

Through this partnership, Core Linen employees and customers will have the opportunity to build their skills, earn recognized certifications, and further contribute to the company’s reputation for excellence.

Posted: May 27, 2025

Source: The Association for Linen Management (ALM)

eVent Fabrics Unveils Circularity Initiative, Announces Collection Of Recyclable, Plant-Based Laminates

OVERLAND PARK, Kan. — May 27, 2025 — eVent® Fabrics, a supplier of breathable waterproof, weatherproof, and windproof fabric laminates, announces the launch of its new circular fabric collection, purpose-built, plant-based, and fully recyclable for a more sustainable future without compromising performance.

eVent stormST™

Featuring 11 different laminate configurations across the eVent stormST™ and windstormST™ technology platforms, this plant-based collection is engineered for recyclability and designed to support closed-loop product systems. By utilizing monomaterial constructions, these laminate fabrics make mechanical recycling more feasible, while maintaining the trusted breathability, durability, and weather protection that outdoor brands and consumers expect from eVent.

“Circularity starts with design,” said Chad Kelly, president of eVent Fabrics. “With these stormST and windstormST fabrics, we’re giving brands the building blocks to create products that are easier to recycle at end-of-life — without sacrificing technical performance.”

The new circularity collection is a major step in eVent’s long-term sustainability strategy, addressing the industry’s growing need for performance materials that align with circular economy principles. And with the EU’s pending Ecodesign for Sustainable Product Regulations set to take effect in the coming years, apparel brands selling into the EU will be incentivized to further incorporate more circular, sustainable materials.

The stormST fabrics offer breathable waterproof protection with low environmental impact, making them ideal for outerwear, footwear, and accessories in active outdoor and urban use. The windstormST fabrics provide highly breathable windproof protection, perfect for blocking the chilling effects of the wind in dynamic conditions. All fabrics in the collection are PFAS-free, bluesign®, Oeko-Tex®, and/or GRS certified.

Posted: May 27, 2025

Source: eVent Fabrics

Renaissance Fiber Secures Investment From Equilibrium Impact Ventures To Advance Hemp Fiber Refining Infrastructure In North Carolina

WINSTON-SALEM, N.C. — May 27, 2025 — Renaissance Fiber (RF), the nation’s first manufacturer of hemp fiber for textiles, announced an investment from Equilibrium Impact Ventures (EQIV). This first investment will fund the initial phase of RF’s state-of-the-art fiber refining infrastructure in Mocksville, N.C. This is a crucial step towards integrating domestically grown hemp into the US and global textile supply chains.

The new Mocksville facility will utilize RF’s proprietary, clean processes to refine US-grown hemp fiber. This process prepares the fiber for blending with cotton and other textile fibers, creating a high quality textile input that improves performance. The $75,000 investment is key to scaling these operations, strengthening a transparent farm-to-fabric supply chain that guarantees traceability from American farm to finished apparel.

Processing hemp into a textile fiber compatible with existing cotton machinery — a process known as “cottonization” — has presented significant challenges. Conventional methods require chemistry that is dangerous for workers and water supplies, which has made it unfeasible to do in the US. Renaissance Fiber overcomes these through a state-of-the-art approach combining clean degumming, with precise refining to control fiber length, fineness, and surface quality. This represents a breakthrough for short-staple hemp, unlocking hemp’s potential as a true plug-and-play fiber for textiles.

“This investment from Equilibrium Impact Ventures is crucial for launching the initial phase of our infrastructure buildout in Mocksville, ” said Daniel Yohannes, CEO and co-founder of Renaissance Fiber. “For the first time, we can scale our process to integrate degummed hemp as a versatile fiber into U.S. and global textile production. By building this advanced refining capacity here in North Carolina, we are not just enabling sustainable, domestic fiber production — we are creating vital new opportunities for American farmers and manufacturers to lead the global shift towards eco-friendly textiles.”

“This is an exciting investment for Equilibrium Impact Ventures because not only are we supporting a company that is making the planet more sustainable, but we are able to continue to prove our Fund thesis that the gaps in the funding landscape can be closed with the help of Foundations and Philanthropic dollars,” stated Kasem Rodriguez Mohsen, General Partner. My Partners [Dr. Shante Williams and Adrian Smith] and I recognize that growing businesses face many challenges; however, some challenges can be easily removed by deploying capital quickly, strategically and in a patient enough way that businesses are allowed to achieve the positive outcomes that help make both of our bottom lines sustainable. Renaissance Fiber is a US manufacturer of the future.”

Posted: May 27, 2025

Source: Renaissance Fiber (RF)

Modern Meadow To Unveil Newly Branded INNOVERA™ Leather Alternative At Global Fashion Summit

NUTLEY, N.J. — May 27, 2025 — Modern Meadow, a supplier of bio-design, announced it will showcase its next-generation material, newly branded as INNOVERA™, at Global Fashion Summit, the leading international event for fashion sustainability. INNOVERA, formerly known as BIO-VERA®, will be Modern Meadow’s primary material product going forward, aligning with the company’s focus on offering the premier sustainable leather alternative in the market. During the June 3-5 Summit in Copenhagen, Modern Meadow will exhibit INNOVERA and its CEO, Dr. David Williamson, will participate in a panel discussion on “Bio-Design Futures.”

David Williamson

“Innovation centered on bioengineering, nature-inspired proteins and commercial-scale solutions is essential to the future of fashion sustainability,” said Dr. Williamson. “By dedicating our resources to INNOVERA, we are positioning Modern Meadow to drive sustainable change and deliver the most advanced leather alternative available. This singular focus allows us to scale commercial production more efficiently, deepen industry partnerships, and ensure that designers and brands have access to a luxurious, high-performance material that is beautiful and better for the planet.”

INNOVERA is crafted using plant-based proteins, biopolymers and recycled rubber, achieving more than 80 percent renewable carbon content. Completely animal-free, INNOVERA replicates the look and feel of collagen found in leather, yet it is lightweight, twice as strong as traditional leather, and available in various colors, haptics and finishes. It requires no special preservation or storage conditions, which reduces complexity and costs, and is adaptable to any standard manufacturing process. Modern Meadow’s commercial production capabilities make INNOVERA readily available to customers and simplify supply chain issues across the fashion, footwear, automotive and interior design spaces.

Dr. Williamson’s Summit panel discussion will be moderated by Sourcing Journal’s Sourcing and Labor Editor Jasmin Malik Chua and include Frank Fiedler, CEO of Heller-Leder and Helcor-Leder-Tec, and European Parliament Member Rasmus Nordqvist. The diversity of the panel — from bio-design to tannery to policy — emphasizes the importance of collaboration across the global leather ecosystem. Participants will discuss the need for reduced reliance on petrochemical inputs for fashion, focus on sustainable alternatives, how renewable carbon content materials are transforming luxury landscapes, and how the unique properties of plants can be harnessed for creativity. The discussion will take place at the Concert Hall Stage on June 5, 12:15-12:50 p.m.

Dr. Williamson added, “I invite Summit attendees to experience how INNOVERA is creating harmony between innovation and tradition with tanneries and brands.”

To learn more, visit Modern Meadow at the Summit in Booth 08 of the Innovation Forum.

Posted: May 27, 2025

Source: Modern Meadow

Tangshan Sanyou Launches Test Facility In Producer’s Latest Step To Advance Circular Man-Made Cellulosic Fiber Production

TANGSHAN, China — May 27, 2025 — Tangshan Sanyou has opened a new test facility aimed at advancing circular textile innovation in man-made cellulosic fiber (MMCF) production. The 10 metric ton pilot line will trial an innovative solvent-based process that directly converts waste cotton textiles into high-quality viscose fibers for use in the company’s recycled MMCF line, ReVisco™.

Translator and interpreter Bela Zhou, Canopy’s Neil D’Cruze and Catharine Grant, Tangsharn Sanyou’s Mr. Dongbin Zhang,
Canopy’s Miki Tokashiki, Mr. Hui Liu and Ms. Helena Cui from Tangshan Sanyou at the new facility.

This development builds on several years of steady investment by the company in integrating next generation (Next Gen) fiber solutions across its MMCF offerings. Since 2018, Tangshan Sanyou has worked with a range of recycled textile feedstocks to support the commercial transition toward more circular and lower-impact fiber production.

Key milestones in the company’s Next Gen work to date include:

  • Being the first conventional MMCF producer to integrate CIRCULOSE® recycled cotton pulp into its ReVisco™ viscose staple fibre line at a 30 percent blend, including the development of black viscose and trials for additional colorways.
  • Tangshan Sanyou recently renewed its partnership with Circulose’s new ownership as the innovator moves towards reopening their mill in Sweden.
  • Incorporating Södra’s OnceMore® recycled cotton pulp into ReVisco modal and viscose fibres at a 20 percent blend.
  • Announcing readiness to scale ReVisco production to 200,000 tonnes per year, based on market demand.
  • Development of ReVisco lyocell, derived from recycled textile inputs.
  • Successfully producing viscose fibre using hemp and Juncao as alternative feedstocks.

“As one of the world’s largest MMCF producers, Tangshan Sanyou’s investments in circularity and reducing reliance on forest-based inputs are critically important,” said Nicole Rycroft, founder and executive director of Canopy. “The company has demonstrated consistent leadership since the early days of Next Gen innovation, and this new testing line is a welcome addition to the sector’s broader transition to commercial-scale Next Gen MMCF for global markets.”

Tangshan Sanyou, headquartered in Hebei Province, China, has a total annual production capacity of 808,000 metric tons. A Canopy partner since 2016, the company earned a Dark Green Shirt in Canopy’s 2024 Hot Button Report and is assessed as no known risk for sourcing from Ancient and Endangered Forests.

Posted: May 27, 2025

Source: Canopy

Indorama Ventures Expands deja™ Portfolio To Boost Textile Industry Sustainability: Introducing PET Fibers And Filament Yarns Made Solely From Discard Textile Waste

BANGKOK, Thailand — May 27, 2025 — Indorama Ventures Public Co. Ltd., a global sustainable chemical company, expands its fiber and filament yarn portfolio called deja™ to boost sustainability.

The goal is to actively drive circularity and decarbonization efforts in the global textile industry and to prepare for supporting the upcoming European Ecodesign for Sustainable Products Regulation (ESPR).

Three key offerings  add to the company’s deja portfolio, addressing customers’ main sustainability challenges:

1) On-demand solutions for textile circularity, providing deja PET fibers and filament yarns made solely from enhanced recycled textile waste that was being discarded. Products available on customers’ request are high-tenacity yarns and cords for technical applications like airbags and seat belts, as well as fibers and filament yarns for lifestyle applications, such as apparel and home textiles. Customers interested to drive circularity and reduce greenhouse gas emissions, while keeping performance equal to standard solutions, are encouraged to request more information at enquiry.fibers@indorama.net.

2) deja Bio: Solutions to help customers reduce their carbon footprint. Thanks to its fully integrated, in-house PET supply chain, Indorama Ventures can deliver high-performing deja PET yarns out of Europe and Asia that have a substantially reduced carbon footprint. All of them comply with the accounting methodology of the ‘Together for Sustainability’ industry initiative.

Indorama Ventures takes a mass balance approach to increase the use of renewable sources, benefitting from eleven ISCC+ (International Sustainability and Carbon Certification) certified sites across its entire business, including PTA, PET chips, fibers, and technical fabrics. The mass balance approach is a chain-of- custody method that allows manufacturers to mix sustainable and conventional inputs like renewable and fossil-based materials in a shared production system, while still allocating the environmental benefits of the sustainable inputs to a portion of the output.

High-tenacity yarns and tire cord fabrics available in the bio-based deja portfolio allow for a progressive bio-content introduction into customers’ products. Customers can benefit from avoiding or simplifying qualification procedures and receive the same performance as from fossil solutions. Further, these products can be given new life through mechanical or enhanced recycling.

3) deja Enhanced: Products that give hard-to-recycle packaging and textile waste new life. In close collaboration with like-minded partners along the value chain, Indorama Ventures is also looking at ways to convert hard-to-recycle packaging into fibers and yarns through enhanced recycling. These solutions are readily available at similar level of performance as fossil solutions. In future, these products will also be supplied with flexible proportions of reprocessed textile feedstock to accommodate customers’ circular targets.

Customers and brand owners are invited to take a closer look at what the expanded deja fibers & yarns portfolio offers during Textiles Recycling Expo on June 4-5 in Brussels, booth no. 1825. As one of the leading events dedicated to textile recycling and circularity, this expo brings together industry leaders, innovators, and decision-makers to shape the future of sustainable textiles.

Claire Mattelet, Global Sustainability Program head for Indorama Ventures’ Fibers Business, said: With the expanded deja portfolio, we are turning ambition into action — empowering our customers to meet their circularity and decarbonization goals through innovative, high-performance PET fibers and yarns made from textile waste, bio-based inputs, and hard-to-recycle materials. This is how we shape the future of sustainable textiles without compromising on quality or performance.”

With most of the textile waste globally being incinerated or landfilled, the global fashion industry accounts for an estimated 3 to 8 percent of total greenhouse gas (GHG) emissions. According to recent reports1,2 the industry’s emissions are expected to increase by about 30 percent by 2030 if no further action is taken1. In response, Indorama Ventures has set a 2030 target of 40% of recycled and bio-based feedstock of its current commodity feedstock. Taking a leading role and collaborating along the entire value chain to drive sustainable practices in the man-made fibers industry is at the core of Indorama Ventures’ commitment to shaping the future of textiles.

1 Global Fashion Agenda and McKinsey, 2020: Fashion on climate: How the fashion industry can urgently act to reduce its greenhouse gas emissions.
2 The business of fashion and McKinsey, Nov 29 2023: The state of fashion 2024: Finding

Posted: May 27, 2025

Source: Indorama Ventures Public Co. Ltd.

Hyosung Showcases Innovation To Impact At The 2025 Global Fashion Summit

SEOUL, South Korea — May 27, 2025 — As sustainability legislation gains momentum worldwide, top apparel industry leaders will convene at the Global Fashion Summit – the leading forum for sustainability in fashion — taking place in Copenhagen, June 3-5.

Hyosung, the world’s leading manufacturer of spandex by market share, will debut as an official exhibitor at the Summit presenting its innovative textile solutions developed to help shape fashion’s sustainable future.

The company will highlight its expanded regen™ BIO Spandex range made with varying amounts of renewable content, which are gaining traction among luxury fashion brands and retailers seeking sustainable stretch solutions to blend with natural fibers such as organic cotton, merino wool, cashmere, and silk.

Hyosung’s third party-certified regen BIO+ Spandex and regen BIO Max Spandex replace some of the traditional fiber inputs with high content of renewable resources — significantly reducing reliance on fossil fuels and helping to minimize environmental impact — while delivering the same elasticity, recovery, and durability as conventional spandex.

“As a total sustainable solution provider, Hyosung offers tailored solutions aligned with brands’ and retailers’ sustainability strategies and preferences,” said Simon Whitmarsh-Knight, Hyosung Global Sustainability director – Textiles. “Since every brand takes a unique approach to sustainability, we support flexible adoptions of various option, such as regen BIO+ or BIO Max, according to their specific goals. We are delighted to see increasing adoptions of our regen BIO spandex as our brand and retail customers see the benefit of adding it as a renewable stretch engine to blend with both natural and synthetic fibers.”

As part of its corporate ESG commitment to achieve net zero by 2050, Hyosung has started work on a new 50,000-ton Bio-BDO (Butanediol) — the major ingredient in the manufacture of spandex – facility at its Vietnam plants, with plans to expand to 200,000 tons annually. This will utilize Geno’s proven plant-based Geno™ BDO™ technology, which ferments sugars derived from sugarcane to replace the fossil raw materials. It will be the world’s first integrated spandex manufacturing plant, streamlining production in the same region, improving efficiency, and reducing carbon footprint.

At the Summit, Hyosung will also present its 100 percent recycled functional spandex, nylon, and polyester fiber technologies in addition to circular polyester made from end-of-life textiles, further advancing its efforts to create a circular textile ecosystem.

The 2025 theme for the Global Fashion Summit is Barriers and Bridges where traditional barriers have the possibility to transform bridges for tangible change. With new legislation accelerating, the boundaries between voluntary and mandatory efforts are blurring, demanding both courage and capital to seize this moment of opportunity. Viewed through the lens of collective action, the Global Fashion Summit program will take on impact centric topics related to social and environmental challenges, merging barriers and bridges in unexpected and new ways.

Posted: May 27, 2025

Source: Hyosung

Lenzing Strengthens Managing Board With Georg Kasperkovitz As COO

LENZING, Austria — May 26, 2025 — The Supervisory Board of Lenzing AG has appointed Georg Kasperkovitz as a member of the Managing Board and COO of Lenzing AG with effect from June 1, 2025. Kasperkovitz brings more than 15 years of experience in various management functions in Europe, North America and Asia — Lenzing’s most important production regions and markets. During his career, Kasperkovitz has held positions including Business Unit CEO at the international packaging and paper company Mondi plc (2016-2019), CEO of Rail Cargo Austria AG (2012-2016) and at the international consulting firm McKinsey (1999-2012, most recently as a partner). Kasperkovitz is a qualified mechanical engineer (Dr. techn., TU Vienna) and holds an MBA from Harvard Business School.

Georg Kasperkovitz

At Lenzing, as COO in the now four-member Managing Board, he will manage the company-wide fiber production sites and drive forward the ongoing performance program and, thus, operational cost excellence and the transformation of the entire company. He will also take over the management and further development of the site in Lenzing (Upper Austria).

Patrick Lackenbucher, chairman of the Supervisory Board of Lenzing AG, commented: “Lenzing AG has been able to report a continuous increase in earnings in recent quarters — despite the difficult market environment. The current macroeconomic challenges, persistently high energy costs and intensified global competition continue to require full focus on the implementation and further development of the current performance program. Profitability is crucial for Lenzing in order to survive in global competition in the long term and to be able to continue investing in new products and markets. With Georg Kasperkovitz, we are therefore strengthening our Managing Board with sound operational transformation expertise — and relevant experience in the nonwovens market.”

Kasperkovitz, designated COO of Lenzing AG, said: “I am looking forward to contributing my experience to the company as COO of Lenzing AG. Operational excellence and increasing the profitability of the fiber sites will be the focus of my work. Together in the Managing Board, with the management and with all employees, the aim is to work efficiently in a difficult market environment and to further strengthen the competitiveness of Lenzing AG.”

Rohit Aggarwal, CEO of Lenzing AG: “Our ongoing performance program has already shown positive results recently. Despite a difficult market environment, we were able to significantly improve our results in the first quarter of 2025. In the environment of current geopolitical changes and an increasingly aggressive customs policy, it is important to further strengthen the agility, resilience and cost position of our Group with the aim of long-term value creation in order to expand Lenzing’s position as the global market leader in sustainable cellulose fibers. Georg Kasperkovits will support the team driving forward the all-important operational excellence.

Posted: May 27, 2025

Source: Lenzing Aktiengesellschaft

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