Academy Sports + Outdoors Announces Appointment Of Sharen J. Turney To Board Of Directors

KATY, Texas — August 5, 2021 — Academy Sports and Outdoors Inc. announced today, effective immediately, the appointment of Sharen J. Turney to its board of firectors, its Compensation Committee and its Nominating and Governance Committee. Academy also announced today that Nathaniel “Nate” Taylor will step down as a member of the Governance Committee, effective concurrently with Turney’s appointment to that committee. With these changes, Academy’s Board now comprises nine directors and the Governance Committee is now comprised entirely of independent members.

“We are very excited to add Sharen’s deep retail and e-commerce background to our Board,” said Ken C. Hicks, Academy chairman, president and CEO. “Her global experience was developed over three decades of senior executive roles at some of the most recognized brands in the world. As a native Oklahoman, she understands our customer. She also has unparalleled experience acquiring and retaining customers during a tremendous growth phase similar to the one Academy is entering.  We look forward to leveraging her expertise along with her strong prior and current board experience.”

Turney, previously served as the CEO of Russia-based denim brand Gloria Jeans. Before joining Gloria Jeans, Turney served as president and CEO of Victoria’s Secret, a division of L Brands Inc., and as president and CEO of Victoria’s Secret Direct, the brand’s catalogue and e-commerce operation. Prior to that, Turney spent several years in various executive roles, including president and CEO of Neiman Marcus Direct, the direct marketing division of Neiman Marcus Group. Turney has also served as an advisor to several retailers and technology companies.

Currently, Turney serves on the board of directors of Alliance Data Systems Corp., including on its Nominating and Governance Committee and as Chair of its Compensation Committee.  Previously, she served on the board of directors of Sweden-based designer sock and underwear brand Happy Socks AB, the board of directors of M/I Homes Inc., and the board of directors of FULLBEAUTY Brands. Additionally, Turney serves as a director of the University of Oklahoma Foundation, including on its Investment Committee, and served as a director of Nationwide Children’s Hospital Inc., including as chairman of the board of its Research Institute. Turney received her bachelor’s degree from the University of Oklahoma and serves on the Baker Retailing Center Industry Advisory Board at Wharton School at the University of Pennsylvania.

The board selected Turney because of her prior board and executive leadership roles, extensive digital/e-commerce, marketing, operations, financial skills, and her experience as both a retailer and vendor serving the retail community.

Posted August 5, 2021

Source: Academy Sports + Outdoors

Carhartt Promotes Danilo Amoretty To Senior Vice President Of Global Product Supply And Operations

Danilo Amoretty

DEARBORN, Mich. — August 5, 2021 — Carhartt is pleased to announce the promotion of Danilo Amoretty to the newly created role of senior vice president of Global Product Supply and Operations. In this position, he will join Carhartt’s senior leadership team where he will help develop a production, operations and procurement vision for its supply chain to ensure multi-year growth, product line expansion plans and profitability. Amoretty will report to Linda Hubbard, president and COO for Carhartt.

Most recently, he served the company as vice president of Global Product Supply. In this role, Amoretty delivered a new supply-driven model to position America’s premium workwear brand for growth. This model has proven to be an excellent way for the company to support market demand and grow its supply chain while continuing to meet its quality commitment to customers and associates.

Amoretty joined Carhartt in March 2018 as vice president of Supply Chain Operations where he successfully collaborated with departments across the organization to align the global supply chain and corporate strategies to realize sustainable operational and cost efficiencies.

“Over the last few years, Danilo has proven to be a strategic and innovative leader, delivering on his commitments, and building strong relationships with new and existing suppliers,” Hubbard said. “We look forward to his continued business insights and expertise, as well as leveraging his passion for building a better world for all hardworking people.”

Prior to joining Carhartt, Amoretty served as director of Sourcing Americas at VF Corp., where he led the ideation and implementation of the sourcing strategy in the Western Hemisphere and drove the product innovation process. From 2001 to 2012, he was vice president of Sourcing for Fruit of the Loom Inc.

Amoretty earned his Bachelor of Arts degree in International Business and Management from Harding University and his Master of Business Administration from Western Kentucky University. He is fluent in English, Spanish and Portuguese, as well as certified as a Six Sigma Black Belt.

Posted August 5, 2021

Source: Carhartt Inc.

Indorama Ventures Reports Record Core EBITDA In Second Quarter, And Forecasts Continued Growth As Global Markets Recover From Pandemic

BANGKOK, Thailand — August 5, 2021 — Indorama Ventures Public Co. Ltd. (IVL), a global chemical producer, announced its second quarter 2021 financial results, reporting a record Core EBITDA of $477 million as major economies recovered from the COVID-19 pandemic and drove demand for products across IVL’s businesses. IVL is forecasting similar strong growth in the second half of 2021 and in 2022 as global vaccination programs spur positive sentiment.

2Q 2021 Performance Summary

  • Consolidated Revenue of $3,559 million, an increase of 10 percent QoQ and up 52 percent YoY.
  • EBITDA of $552 million and Core EBITDA of $477 million.
  • Net profit of 8,340 million Thai bahts, a growth of 39 percent QoQ, and compared to 154 million Thai bahts a year earlier.
  • Core ROCE of 12.9 percent, up 443 basis points (bps)  QoQ and up 715 bps YoY.
  • Project Olympus, the company’s cost saving and business. transformation project, yielded $116 million in efficiency gains in 1H21, on track to our 2021 target of $287 million.
  • Acquisition of CarbonLite’s recycled PET asset in USA, making IVL the largest global producer of rPET resin.

Aloke Lohia, group CEO of Indorama Ventures, said: “During the pandemic we doubled down on our transformation and development programs as we build towards a future-ready organization, and we are now starting to see the results of these initiatives as global vaccination programs spur a recovery. We will continue to benefit from the economic tailwinds as all three of our business segments — Combined PET, Fibers, and Integrated Oxides & Derivatives (IOD) — experience strong demand and margins. At the core of our platform, is an ongoing focus on innovation-led products and a commitment to achieving our ambitious ESG and sustainability targets. All of our investments in these important areas will continue to drive IVL’s growth into the second half of 2021 and beyond as a world class sustainable chemical company. We appreciate the efforts of our colleagues across the globe who are working tirelessly and compassionately to ensure the safety and health of our IVL community. We are proud of the way that our teams have adapted to the pandemic.”

Overview

IVL delivered standout results in 2Q21 and a record Core EBITDA of $477 million, bolstered by our global franchise, scale and leadership across our three business segments. Our record quarterly results include solid performance across regions. Americas and EMEA yielded a record, performing 59-percent higher Core EBITDA in 1H21 as compared to 1H20, while Asia grew by 15 percent. In 2020, IVL’s businesses passed the test of resiliency, and this first half of 2021 has highlighted the value creation coming from our platform.

Demand for our products remained robust across all segments and all regions. We achieved higher margins along our portfolio, leveraging on our integrated operating model and regional supply chain advantage offsetting headwinds in the ecosystem such as shortages of key raw materials and logistics constraints. In an environment of major disruption, IVL’s management has demonstrated agility in responsibly navigating the ecosystem and continuing to provide value to customers.

Strong growth forecast for 2H 2021 and FY 2022

The remainder of 2021 is expected to parallel the first half on the back of continued strong demand in our products from opening of travel with widespread vaccination and immunity.

  • We anticipate significantly improved IOD volumes with Lake Charles (IVOL) in re-start mode post a shutdown in July 2020 due to lighting strikes, margins enhancement due to strong shale gas economics. Our oxyfuel business has returned to profitability with support coming from increased mobility due to the strong crude oil environment.
  • Integrated PET margins will likely adjust to an increase in supplies as container movement eases towards year end.
  • The semiconductor shortage is tempering some of our customer demand in the Fibers segment and the steep cost increase of polypropylene is leading to lag in pass through mechanisms for our hygiene vertical.

Overall, we see a strong 2H21 and 2022, anticipated to surpass our guidance given in the Capital Market Day presentation in January 2021.

ESG & Carbon Neutrality

In the second quarter, IVL announced three major developments in our sustainability journey. First, IVL completed the acquisition of CarbonLite’s recycled PET asset in Texas. This site will recycle more than 3 billion PET bottles per year, bringing IVL closer to our 2025 global target of recycling 50 billion bottles annually.

Second, IVL launched its Carbon Neutral PET* pellet made with renewable energy, locally sourced materials and low-impact water transport. This was launched on Deja, our sustainable brand platform. Finally, IVL announced a greenfield recycling facility in Karawang, Indonesia to process almost 2 billion PET bottles annually in support of the Government of Indonesia’s National Plan of Action on Marine Plastic Debris.

*This was mentioned in the 1Q21 MD&A as a post quarter event. Carbon Neutral PET was launched in April 2021.

Posted August 5, 2021

Source: Indorama Ventures Public Co. Ltd. (IVL)

Borealis Appoints Thomas Reutter As Vice President Product Asset Management And Supply Chain

Thomas Reutter

VIENNA, Austria — August 5, 2021 — Borealis announces the appointment of Thomas Reutter as vice president Product Asset Management and Supply Chain, effective 1 August 2021.

Reutter joins Borealis from Dow and brings extensive product asset management and supply chain experience. Since joining Dow in 2008, he has held various positions with increasing responsibilities in product management, supply chain management and sales in the Netherlands, Mexico and Switzerland. Most recently he has served as senior product director for Linear Low Density Polyethylene, based in Switzerland.

Reutter holds a Master’s in Business Administration degree from the Martin-Luther University Halle, Germany, with a specialization in Controlling and Supply Chain. Reutter is a German national and currently lives with his partner and two children in Switzerland.

“We warmly welcome Thomas Reutter to the Borealis Polyolefin Business,” commented Borealis Executive Vice President Lucrèce Foufopoulos. “Thomas is a business savvy, experienced product asset leader, with exposure to different cultures & ways of working throughout his career. We look forward to bringing his skills and strong performance orientation to the Polyolefins business and Borealis group.”

Posted August 5, 2021

Source: Borealis

HUGO BOSS Presents New Growth Strategy “CLAIM 5” Aimed At Doubling Sales To 4 Billion Euros By 2025

METZINGEN, Germany — August 4, 2021 — Today, HUGO BOSS introduced its new 2025 growth strategy “CLAIM 5” and provides its mid-term financial ambition. Over the next five years, the company is fully committed to strongly accelerate top-line growth, claim its position in the consumers’ minds, and win market share for its strong brands BOSS and HUGO.

To deliver on its vision and ambition of becoming the premium tech-driven fashion platform worldwide, and one of the top-100 global brands, Hugo Boss introduces its CLAIM 5 strategy, which puts the consumer at the core of its business activities more than ever before. CLAIM 5 is based on five strong pillars: Boost Brands, Product is King, Lead in Digital, Rebalance Omnichannel, and Organize for Growth. It also includes a bold commitment to sustainability, together with a strong executional road map and a clear plan on empowering people and teams.

CLAIM 1 – Boost Brands

To strongly elevate brand relevance, the company is refreshing BOSS and HUGO — from logos over marketing, to brand new designs in retail and digital. As such, customers will experience both brands in a completely new look and feel. To become the leading power brands, it is the ambition to achieve around 2.6 billion euros in BOSS Menswear sales and to double BOSS Womenswear sales to around 400 million euros by 2025. This will be realized by enhancing the overall perception of BOSS as a lifestyle brand, increasing brand relevance, and strongly focusing on digital. The company also aims at driving around 800 million euros of sales for HUGO by building brand power, increasing brand awareness — with a dedicated marketing push — and driving geographical expansion. The company’s license business — covering a variety of products including fragrances, watches, and eyewear, among others — is set to contribute up to 200 million euros of revenues by 2025.

Two clearly distinguished marketing strategies — with a strong focus on digital as well as exceptional collaborations — are set to create excitement among consumers and unleash the full potential of BOSS and HUGO. Overall, incremental marketing spend will be more than 100 million euros between now and 2025.

CLAIM 2 – Product is King

With product at the center of its new strategy, Hugo Boss will create products to be worn 24/7 across all different wearing occasions. While casualization and comfort are key, Hugo Boss will strongly invest in its price-value proposition to ensure premium quality as well as high levels of innovation and sustainability. In doing so, the BOSS brand will foster its unique positioning in the premium/affordable luxury segment. To become the first touchpoint for younger consumers, the HUGO strategy builds on a broad range of commercial and contemporary pieces reflecting the authentic and unconventional HUGO style.

CLAIM 3 – Lead in Digital

Digital is key in ensuring a personalized omnichannel consumer journey. It is also enabling Hugo Boss to deliver on its vision to become the premium tech-driven fashion platform worldwide. The 2025 strategy therefore includes a strong commitment to further digitalizing the company’s business activities along the entire value chain, from trend detection and digital product development to AI-enabled pricing capabilities and the global rollout of digital showrooms. This also includes establishing a digital campus to further expand the company’s digital capabilities and to improve the consumers’ experience by leveraging data. The HUGO BOSS Digital Campus, based in Metzingen, Germany and Porto, Portugal, will strengthen the company’s online activities as well as analytical, technical, and executional capabilities. It extends Hugo Boss’ digital know-how with immediate effect by combining the company’s own expertise with that of experts on data execution. Overall, Hugo Boss will step up its investments into digital by more than 150 million euros by 2025.

CLAIM 4 – Rebalance Omnichannel

To translate brand power into all consumer touchpoints, Hugo Boss will rebalance its distribution footprint and strongly accelerate its omnichannel activities in the years to come. In this context, the company aims at ensuring a seamless brand experience across all consumer touchpoints. Boosting its digital revenues to more than 1 billion euros by 2025 will be a key element in this regard, and enable Hugo Boss to grow its digital penetration to a level between 25 percent and 30 percent of Group sales. The company’s digital ambition includes a strong commitment to all digital touchpoints – from its own website hugoboss.com to its online partner businesses, including digital pure players, leading marketplaces as well as bricks and clicks.

Hugo Boss will also unleash the full potential of retail as it aims at growing brick-and-mortar retail revenues to around 2 billion euros by 2025. Growth will be driven by an increase in store productivity of around 3-percent per year, as well as the further optimization and refreshing of the company’s global store network. In this context, around 80 percent of own stores are set to be refurbished during the next three years already, with overall investments into brick-and-mortar retail targeted to total around 500 million euros for the period until 2025. Hugo Boss also intends to increase brick-and-mortar wholesale revenues to a level of around 1 billion euros by 2025. The company is fully committed to reclaiming its position in this important channel by strengthening existing partnerships and regaining market share in key product categories.

CLAIM 5 – Organize for Growth

Hugo Boss will drive growth across all geographies while further balancing its global footprint. In Asia/Pacific, revenues are set to grow at a low-teens compound annual growth rate (CAGR 2019-2025). As a consequence, the region’s revenue share will grow to more than 20 percent within the next five years. Mainland China will continue to be of particular importance, with the company putting a strong focus on the Chinese consumer also in the years to come. HUGO BOSS is equally committed to fostering its leading position in premium apparel in Europe, where sales are forecast to grow at a low- to mid-single-digit rate per annum (CAGR 2019-2025). Key markets such as Germany, the United Kingdom, and France are all set to strongly contribute to growth by unleashing their full potential in retail, reclaiming wholesale with strong partners, and driving digital growth across all consumer touchpoints. In the Americas, revenues are projected to grow at a mid-single-digit CAGR between 2019 and 2025, as the company will strongly push the 24/7 brand image by fully leveraging the casualization trend in the important U.S. market.

‘Organize for Growth’ also means leveraging the company’s existing operations infrastructure as the future platform for speed and growth. Hugo Boss will therefore foster modular and digital product creation, continue to shorten lead times, increase flexibility in production and logistics, as well as push digitalization to further increase the overall efficiency and flexibility of its supply chain. By 2025, the Company aims at creating more than 90 percent of its products digitally while it also works towards reducing end-to-end lead times by around 30 percent.

At the same time, Hugo Boss will intensify its sustainability efforts to deliver both meaningful and measurable impact as well as emotional engagement with the consumer. The company’s ambitious sustainability targets include the aim for climate neutrality within its own area of responsibility by 2030 and throughout the entire value chain by 2045. In addition, Hugo Boss will put particular emphasis on establishing an end-to-end circular business model. In this context, the company aims to enable eight out of ten products to become circular by 2030.

“Our ‘CLAIM 5’ strategy is a clear vision for the company with the consumer at its core — helping to enhance the consumer journey, improve our product offering, increase our relevance, and drive growth across all geographies,” says Daniel Grieder, CEO of HUGO BOSS AG. “Our aim is to grow Hugo Boss in a fast but sustainable way, and I am confident that we have the right team and strategy to successfully execute and lead our Company into the future.”

2025 Financial Ambition

With its new strategy, Hugo Boss aims to double sales to 4 billion euros by 2025, which implies a strong CAGR of 16 percent taking 2020 as the base year, and 6 percent as compared to the pre-pandemic level of 2019. To successfully deliver on its strategy, Hugo Boss will step-up investments into its products, brands, digital capabilities, as well as its global store network, all aimed at fueling industry-leading top-line growth. Consequently, over the next five years, value creation will shift from driving relative margin improvements to delivering strong top-line growth, absolute profitability improvements, as well as superior free cash flow generation.

Until 2025, gross margin is forecast at a level of between 60 percent and 62 percent, reflecting product investments to enhance the price-value proposition and fuel top-line growth. At the same time, Hugo Boss is confident of returning to a strong EBIT margin of around 12 percent by 2025, translating into an EBIT CAGR of 6 percent between 2019 and 2025. Investments into the business will be compensated for by leveraging operating overheads as well as strong efficiency gains to be realized by optimizing the company’s global store network. The latter relates to ongoing relocation and rightsizing initiatives, selective store openings and closings, as well as rent renegotiations. Driven by the significant top- and bottom-line growth, Hugo Boss will generate substantial cumulative free cash flow between now and 2025. Improvements in trade net working capital and the smart and efficient use of capital expenditure will provide further support to free cash flow development. The majority of cumulative free cash flow — around EUR 2 billion until 2025 — will either be reinvested into the company or distributed to shareholders through regular dividend payouts. In this context, the company’s payout ratio until 2025 will be in a range of between 30 percent and 50 percent of net income attributable to shareholders.

Posted August 4, 2021

Source: HUGO BOSS

Orion Engineered Carbons Publishes Its 2020 Sustainability Report

HOUSTON — August 4, 2021 — Orion Engineered Carbons S.A., a global supplier of specialty and high performance carbon black, today published its 2020 Sustainability Report, showcasing the company’s latest work with science-based groups with the goal to reduce global greenhouse gas emissions in the production of carbon black — an essential ingredient in tires, coatings, film, pipes, wire, cable and numerous other everyday products.

“We recognize the urgency to act on climate change and that successfully charting a path to a more sustainable world will require collaboration across the value chain and scientific community,” said Corning F. Painter, CEO at Orion.

“Our 2020 Sustainability Report details our long-term strategy and progress we have made across a wide range of sustainability initiatives, including partnering in several research projects aligned with three key secular trends foundational to our sustainability strategy: decarbonization, circularity and electrification,” Painter added.

Orion engineers are working with the Research Institutes of Sweden (RISE) to develop and scale process technology to make renewable oil from forest-derived feedstock, replacing fossil-based fuels in the production of carbon black. The company is also the only carbon black producer that is part of the EU-funded BlackCycle initiative, aimed at enabling a circular economy of tires by developing process technology to produce new tires, including recycled carbon black, from discarded tires.

Another project involves partnering with the European Commission’s HiQ-CARB Consortium to improve the performance of lithium-ion batteries by using Orion’s acetylene black, a highly conductive carbon black with significantly lower greenhouse gas emissions than traditional carbon blacks .

“We are conscious that sustainability is not just about climate change,” Painter said. “Our report also highlights how we address social issues and governance practices.”

Orion’s participation in community support programs throughout the world included donations of much-needed equipment and supplies for the fight against the global COVID-19 pandemic over the past year.

“I’d like to take this opportunity to express our appreciation for all the frontline workers in the fight against the pandemic,” Painter said. “We are pleased to be a contributing member at our locations through our charitable donations, such as personal protective equipment. I am also grateful to our employees for their resilience and team work to enable us to succeed during the challenging times we faced in 2020.”

Posted August 4, 2021

Source: Orion Engineered Carbons

Linen King, A Provider Of Healthcare Laundry Services, Appoints Chris Corcoran New CEO

TULSA, Okla.  — August 4, 2021 — Linen King, a provider of healthcare laundry services in the south and central United States, recently announced changes to its senior leadership team.

Chris Corcoran, current COO for Linen King, will succeed Leonard McCullough as CEO, effective immediately. McCullough will remain with the company in the role of executive in residence, providing continued support to the senior leadership team and the board of directors.

“Having served as a founding partner and CEO of Linen King for 22 years, I feel this is the right time for me to transition leadership as CEO to Chris and assume an executive advisory role at the company. It has been an honor and privilege to help build Linen King into the regional leader it is today. I am proud of our employees and grateful to the entire team for turning an unprecedented and challenging year into one of record growth. We are excited to promote Chris to the CEO position and I am confident that he will lead Linen King into its next phase of expansion,” McCullough said.

Corcoran stated: “I am eager to serve Linen King as CEO and continue building on the foundation that Leonard and his father, LK McCullough, have established. They created a culture of excellence for customer service and operating standards, and I look forward to honoring those values as we continue to grow. I welcome working with Leonard as our Executive in Residence and benefitting from his experience as an industry veteran.”

Corcoran has more than 30 years of operational and executive managerial experience in the healthcare laundry business, most recently serving as Linen King’s COO since January 2021. Prior to Linen King, Chris served as a division vice president for a large, multi-regional healthcare laundry group, establishing a track record for maximizing performance across multiple facility locations.

McCullough founded Linen King with his father, LK McCullough, in 1999 and has served the company more than 22 years. Under his leadership, Linen King went from 20 employees to more than 700 employees and from 1 location processing 2 million pounds to 7 locations processing over 100 million pounds of healthcare linen.

Posted August 4, 2021

Source: Linen King

Avex Releases 100-Percent Hemp Cloth T-Shirt

TOKYO  — August 4, 2021 — Avex Entertainment Inc. began limited sales from July 30 of the T-shirts from a Japanese fabric brand “majotae” (pronounced “ma-yo-tah-e”) on its official website, using hemp1, the natural, sustainable material that is gaining attention globally.

By maximizing the company’s know-how in creating entertainment contents, Avex shares with the world a new concept in sustainability — hemp cloth, which combines both comfort as clothing, and earth-friendly, ecological aspects. Avex is cultivating a brand new field of business that creates moving experiences beyond the field of entertainment.

Majotae is a brand that utilizes modern technology to resurrect the true texture of the hemp cloth that Japanese people have used since ancient times. The greatest feature of majotae is its realization of a texture that overturns the image of typical hemp — as feeling hard and rough — to achieve silky touch and cotton softness.

Avex began this joint project in 2011 together with Shinichiro Yoshida, a leading expert in hemp cloth and an advisor to Avex, and Genbei Yamaguchi, 10th-generation Kondaya obi (kimono sash) artisan. After thoroughly researching the Edo-era production process of hemp cloth, and improving spinning efficiency by replacing the various manual processing methods with the latest technology and knowhow in order to mechanize them, in 2014 the company released softer, high-quality hemp cloth that fits to the body and becomes more supple in texture the longer it is used.

Greatly expanding the use of the sustainable material hemp

Hemp grows quickly, even in barren land and arid regions, without causing burden to the environment. It is gaining attention as the ultimate ecological material2.

Until now, only woven textile could be produced which was limited in use due to the characteristics of hemp fibers. Now, by developing a thread that is more resistant than previous one which would break when it is spun, not only plain weaving, but the production of knitted fabric made from 100-percent hemp fiber became possible3. Due to this, Avex is able to expand the use of hemp cloth not just for shirts and kimono, but also knitted fabric products such as T-shirts and sweatshirts that until now commonly made from cotton and synthetic fibers.

As an ecological and a natural material4, majotae is physically comfortable to be used in T-shirts and various other daily items, we expect that it will greatly reduce barriers to sustainability.

Going forward

In 2018, the company acquired international patents5 for the production and manufacturing processes of hemp cloth, and we will continue research and development. In order to achieve the increasingly important goal of realizing a sustainable society, we will position hemp cloth as an ecological material of the future and continue to release “majotae” products in the lifestyle field.

1 The raw material is harmless hemp that contains no hallucinogenic substances

2 The amount of energy needed to manufacture 1 ton of hemp fiber is about one-third that of cotton (hemp uses 8.2GJ, while cotton uses 25.2 GJ). Source: Hemp Dokuhon, Yoshiyuki Akahoshi, 2006.

3 Compared with other flax fibers, such as linen and ramie, hemp fibers are non-uniform and straight, which causes low thread elasticity, makes it easy for threads to break when they are spun and, in particular, knitted cloth, which requires more thread elasticity than woven cloth, is difficult to produce.

4 Key characteristics of hemp cloth: continued use leads to rich texture, softness, durability. Quick drying, moisture and heat retaining due to the characteristics of its air-holding structure and the quality of the fibers.

5 Spinning efficiency is improved by using enzymes to soften the raw material of bast fiber (all flax fibers) and using a strong alkali to twist the fibers. Patents acquired in Japan, Taiwan, the US, China, France, Belgium, Spain

Posted August 4, 2021

Source: Avex Entertainment Inc.

KBR Signs Technology Contract For Sustainable Textile Fiber Plant In Sweden

HOUSTON — August 4, 2021 — KBR announced today that it has signed a technology contract for a sustainable textile fibers demonstration plant to be built by TreeToTextile AB in Nymölla, Sweden.

KBR will provide technology license, engineering, proprietary equipment, and commissioning services for the chemicals recovery unit of the project, which will enable TreeToTextile to efficiently and sustainably reuse valuable chemicals through KBR Ecoplanning® innovative solutions.

“We are honored to support this exciting project by TreeToTextile for producing a highly sustainable low-cost textile fiber using renewable forest materials,” said Doug Kelly, KBR president, Technology. “KBR is committed to expanding its sustainable technologies portfolio to help our clients balance their business and ESG objectives.”

KBR Ecoplanning has over 50 years of experience in state-of-the-art design and supply of evaporation and crystallization technologies and has supplied over 200 plants globally across diverse applications and industry segments, including fertilizers, metallurgical, pulp and paper, chemicals, food, and others.

Posted August 4, 2021

Source: KBR, Inc.

MOSS Grows Sustainable Product Portfolio With Ocean Plastic-Based Fabric Solution

FRANKLIN PARK, Ill. — August 4, 2021 — Moss continues to grow its sustainable product line with the addition of SustainaTex Ocean, a fabric blend produced from upcycled marine plastic, post-consumer waste and recycled polyester. Dedicated to driving change through sustainable solutions, Moss joined the SEAQUAL INITIATIVE, a community that works with ocean clean-up programs worldwide to transform recovered marine litter into Upcycled Marine Plastic.

Moss President and CEO Jason Popp said: “Moss is exclusively launching a fully sustainable SEG graphic with reclaimed ocean plastic, as part of our alliance with the SEAQUAL INITIATIVE. SustainaTex Ocean contains SEAQUAL® YARN, which is made from both marine plastic and post-consumer waste from land sources: ultimately creating a graphic with 100-percent recycled content. Also, going forward in Europe and the US, we are only shipping in bags made from 100-percent recycled content that are fully recyclable.”

Moss’s in-house talent and strategic supply chain relationships allows them to set a new industry standard in sustainability. Graphics produced on the SustainaTex Ocean Textile will be the most sustainable synthetics in the industry as they combine PVC-Free Gasket, post-consumer plastic, Upcycled Marine Plastic, and OEKO-TEX compliant dye sublimation inks.

“Partnering with Moss has allowed us to match our water-based, odorless inks and our 1-Step-Printing process with materials that are equally aware of their impact on the environment,” said Andrea Riccardi, head of Product Management, Durst Group. “Our ability to work with the Moss team at their Graphic Imaging Center of Innovation has been instrumental in developing cutting-edge sustainable solutions. ”

“In choosing SustainaTex Ocean, you are helping improve our environment,” Popp said. “We now offer a sustainable graphic solution that provides the same level of impactful branding, and at the same time, contributes to plastic clean-up. For every square foot of material in SustainaTex Ocean, an equivalent of 2.26 (16.9 Oz) plastic bottles are being saved from oceans and landfills. I’m certain our customers will find comfort in knowing that.”

Posted August 4, 2021

Source: Moss

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