MUMBAI — August 17, 2021 — Together with the celebration of India’s 75th Independence day, SVP Global Ventures Ltd., an India-based compact cotton yarn manufacturer, has announced commercial operations for its mega textile plant in Oman. The group has invested $150 million (around Rs. 1,100 crore) in setting up 1.5 lakh spindles and 3,500 rotors facility at Sohar Free Trade Zone in Oman. The plant is expected to reach peak utilisation by September 21 and expected to contribute hugely in overall revenue of the company.

Established in 1898, by Shri Vallabh Pittie, SVP Group is primarily engaged in manufacturing of polyester, polyester and cotton blends, and 100-percent cotton yarns across three state-of-the-art manufacturing facilities in Jhalawar (Rajasthan), Ramnad (Coimbatore) and Sohar (Oman). Company has a vision to become a world-leading, fully integrated textile company in manufacturing yarn, fabric and garments.

Commenting on the development, Chirag Pittie, director, SVP Group, said: “The expansion of Oman plant consisting of 150,000 spindles and 3,500 rotors has been successfully completed and is expected to fully contribute to the financial performance starting September 2021. The strong demand for high margin combed compact cotton yarn coupled with sales off-take agreements will enable us to fully utilise the new capacities and enhance value for our stakeholders. We have a vision to be a leading integrated textile manufacturer of the world.”

SVP Group expansion at Sohar Free Trade Zone in Oman offers many strategic operational and logistics benefits over a long period of time. In addition to 25 years corporate tax holiday it offers 100-percent foreign ownership, low cost of capital and less power cost. Power cost is 40-percent less compared to the home market in India. Oman also has Free Trade Agreements with the United States, Turkey and many other countries. Additionally it offers zero percent import or re-export duties.

With the completion of expansion at Sohar, the total operational capacity of the company has increased to 4 lakh spindles and 5,900 rotors.

Maj Gen O P Gulia, SM, VSM (retd), CEO of the group said: “Our manufacturing facilities are operating at near peak capacity and the Oman facility is planned to reach peak utilization by Sep 21. Our strategic growth initiatives, enhanced capacity and operational efficiencies, product and geographical expansion with focus on high margin products are likely to drive profitability and contribute to the growth of the company. The Group is now ready to foray into the complete value chain of textile. The order book of the company currently stands at Rs. 5,000 crore equivalent to next 2-3 years of revenue.”

The company has reported robust financials for the Q1FY22. For the Q1 ended June 2021, SVP Global Net sales of Rs. 412 crore, growth of over 300% Y-o-Y. EBITDA for Q1FY22 stands at Rs. 91 crore (EBITDA Margin of 22.2%) and Net Profit at Rs. 39 crore (PAT Margin of 9.5%).  For FY21, company reported total income of Rs. 1422 crore, EBITDA at Rs. 234 crore and PAT at Rs. 25 crore.

According to the company, SVP Global is among top 2 percent of Indian manufacturers with technology less than 5 years old and output of 153-154 grams per spindle per shift, which is highest in the industry. The company’s manufacturing facilities are equipped with latest technology automated machinery equipped with AI and IOT capabilities from Blow Room to Winding. SVP Global is accredited as an approved supplier for leading brands including IKEA and Zara.

Posted August 17, 2021

Source: SVP Global

LUBBOCK, Texas — August 17, 2021 — According to a new Textile Exchange report, the market share for preferred fiber and materials grew significantly in 2020. The Preferred Fiber and Materials Market Report 2021 outlines the market for plant fibers such as cotton, hemp, and linen; animal fibers and materials such as wool, mohair, cashmere, alpaca, down, silk, and leather; manmade cellulosics (MMCFs) such as viscose, lyocell, modal, acetate, and cupro; as well as synthetics such as polyester, polyamide, and more.

The report is a unique annual publication about global fiber and materials production, availability, and trends, including those associated with improved social and environmental impacts, referred to as ”preferred.” The comprehensive report includes quantitative data, industry updates, trend analysis and inspiring insights into the work of leading companies and organizations as they create material change.

The results show that between 2019 and 2020 the market share of preferred cotton increased from 24 to 30 percent and recycled polyester from 13.7 to 14.7 percent. Preferred cashmere increased from 0.8 to 7 percent of all cashmere produced while Responsible Mohair Standard certified fiber expanded from 0 to 27 percent of all mohair produced worldwide in its first year of existence in 2020. The market share of FSC and/or PEFC certified MMCFs increased to approximately 55-60 percent. While the market share of recycled MMCFs is only 0.4 percent, it is expected to increase significantly in the following years.

Brands’ increased interest in the use of preferred fibers and materials was also demonstrated by an impressive 75 percent increase in the total number of facilities (to 30,000) around the world becoming certified to the organization’s portfolio of standards in 2020. These standards include the Global Recycled Standard (GRS), Organic Content Standard (OCS), Recycled Claim Standard (RCS), Content Claim Standard (CCS), Responsible Down Standard (RDS), and Responsible Wool Standard (RWS), Responsible Alpaca Standard (RAS) and the Responsible Mohair Standard (RMS). In early 2021, Textile Exchange launched the Leather Impact Accelerator (LIA) to address the major sustainability challenges throughout the bovine leather supply chain from farm to finished leather, including an Impact Incentives program.

However, the report also notes that despite the increase, preferred fibers only represent less than one-fifth of the global fiber market. Less than 0.5 percent of the global fiber market was from pre- and post-consumer recycled textiles.

Indeed, global fiber production has almost doubled in the last 20 years from 58 million tonnes in 2000 to 109 million tonnes in 2020. While it is not yet clear how the pandemic and other factors will impact future development, global fiber production is expected to increase by another 34 percent to 146 million tonnes in 2030 if the industry builds back business as usual. If this growth continues, it will be increasingly difficult for the industry to meet science-based targets for climate and nature.

“Whether for current or post-pandemic business, the production and use of preferred fibers and materials must be a non-negotiable decision,” said La Rhea Pepper, Textile Exchange Founder and CEO. “Now is the time to accelerate a transition to increasingly sustainable practices to reduce conventional fiber and material production’s footprint on the planet.”

Textile Exchange aims to be the driving force for urgent climate action, and its Climate+ strategy calling for the textile industry to reduce greenhouse gas emissions by 45 percent by 2030 compared to a 2019 baseline in the pre-spinning phase of textile fiber and materials production, while also addressing other impact areas interconnected with climate such as water, biodiversity, and soil health.

“Increasing the uptake of preferred fibers and materials, proliferating regenerative practices, mitigating land-use change, supporting the transition to renewable energy, and encouraging innovation and circularity are known solutions towards Textile Exchange’s Climate+ goal,” says Liesl Truscott, Textile Exchange Corporate Benchmarking Director. “Acceleration of such solutions have to guide us in the next nine years that are so decisive for the future of our planet and all life on earth.”

Textile Exchange encourages companies to commit to its 2025 Sustainable Cotton Challenge and/or 2025 Recycled Polyester Challenge which call for the apparel industry to commit to source all their cotton from the most sustainable sources and increase the amount of recycled polyester used from 14 to 45 percent (or 17.1 million metric tons), respectively, by 2025.

Textile Exchange invites brands, retailers, manufacturers, and suppliers to track and benchmark their progress by participating in the annual Material Change Index (MCI) survey (open through September; email: CFMB@TextileExchange.org).

Textile Exchange also invites participation in the organization’s 2021 Textile Sustainability Conference in Dublin, Ireland, November 15-19 including the preferred fiber and materials Round Tables Summits, held in conjunction with the event.

Posted August 17, 2021

Source: Textile Exchange

BÖNNIGHEIM, Germany — August 16, 2021 — Textile testing partner Hohenstein has developed a new quantification method specifically for genetically modified cotton. One of the first labs with this ability, Hohenstein uses DNA analysis to identify known genetic modifications and calculate their percentage in organic cotton. Stakeholders will use the data to distinguish between minor contaminations and mixtures, control quality and verify claims.

First step: qualitative screening

For qualitative screening, Hohenstein previously developed a molecular biological detection system. This method provides reliable evidence of the presence or absence of genetic modifications (GMOs) in cotton. Uniquely, testing can be applied at stages beyond the seed level, such as raw cotton and chemically untreated yarns and fabrics. Hohenstein is also one of the few laboratories in the world with ISO 17025 accreditation to test for GMOs in accordance with the ISO/IWA 32:2019 protocol.

Second step: identification and quantification of genetically modified cotton

Once qualitative analysis detects genetic modification, Hohenstein experts can identify the type and proportion of the GMOs. DNA analysis is used to search for cotton lines with known genetic alterations and quantify their proportion in the sample. This precise information is essential to determining whether an extremely small proportion of GMOs is due is to contamination, or whether genetically modified materials have been mixed in. This knowledge offers clear benefits to manufacturers, brands and retailers when it comes to supply chain transparency and fraud prevention.

There has been a sharp rise in demand for organic cotton products. In the cultivation of organic cotton, genetically modified seeds, chemical pesticides and fertilizers are prohibited. Nevertheless, genetic modifications are repeatedly found in textiles that are labeled with organic claims. Only claims and certifications backed by reliable testing should be trusted.

Posted August 16, 2021

Source: Hohenstein

CALHOUN, Ga. — August 16, 2021 — Mannington Commercial is on the road through October 27. The Mannington Mobile Showroom is on a 13-week tour hitting destinations around the country where customers can safely explore new flooring designs, technologies and solutions for their projects.

Mannington Commercial is bringing its brand and portfolio of products directly to customers this summer and fall. The Mannington Mobile Showroom, a 44-foot truck custom-outfitted with Mannington Commercial product, is traveling to 30-plus cities across the United States, allowing customers to safely explore new flooring designs, technologies and solutions for their projects.

The tour started in Boston on July 26 and has already made stops in New York City, Philadelphia, Washington, Nashville, Indianapolis, Milwaukee, among other cities.  Customers have been able to view Mannington’s latest product introductions and connect with other professionals from their local market. Stops have included breweries, Top Golf, and with commercial flooring dealers, among others.

“The Mobile Showroom is a great way for people to re-engage with the Mannington Commercial brand in-person, which is all about putting customers first and finding solutions for them,” said Tom Pendley, president of Mannington Commercial. “We’re an American-based company that prides itself on American manufacturing, so it makes sense that we’re traveling across the country to showcase our Made in USA spirit. We’re not only getting our new products in front of our customers, but we’re doing it in a way to meet them where they are, at their current comfort level.”

The Mobile Showroom will feature different experiences and events at each location based on market needs, while making it easy, safe and accessible for designers, dealers, installers and other partners to experience the Mannington Commercial brand. Local Mannington Commercial representatives can meet to discuss upcoming projects, trends and challenges in the industry at events ranging from catered breakfasts or lunches to after-work happy hours. One-on-one meetings are also available by appointment only.

Showcasing Mannington Commercial’s extensive product solutions, the Mobile Showroom will allow customers to view a wide selection of hard and soft surface flooring product, such as Mannington Commercial’s award-winning Legato® Liquid Linoleum, which harnesses both the benefits of traditional linoleum and sheet vinyl, to Swell, a modular carpet offering purposely designed to bring balance and harmony to workplace and education settings. Customers can also view and order samples. The truck will be following current local COVID protocols along the way, as well as using UV lights to clean and disinfect.

In addition, Mannington Commercial is inviting everyone to follow the journey on Instagram and participate in the weekly $500 Getaway House gift giveaway. Mobile showroom attendees, designers and flooring contractors can enter by tagging @mannington.commercial and themselves at the mobile showroom with #manningtononthemove. Those who are not able to attend the mobile showroom in person can enter by posting their favorite project using Mannington Commercial product and tagging on Instagram.

The Mobile Showroom is designed to tell the Mannington Commercial story, with every space being used to the fullest extent in the 44-square-foot trailer. The custom-design luxury truck includes multiple sections to showcase Mannington’s expansive product mix and allow for safe and productive conversations. The mobile unit also features video monitors, a mini-conference room, and inset carpeting.

Posted August 16, 2021

Source: Mannington Commercial