Lenzing is having a growth spurt, Patagonia picks Archroma for Clean Clothes Collection, and InvisiArmor’s anti-odor treatment is tapped as Best Product in Sports Textiles at the the Future Textiles Awards.
The Lenzing Group said it achieved the best quarterly results in the company’s history, as it significantly improved first-quarter revenue and earnings.
Consolidated revenue climbed 14.3% in the first three months of 2017 to 586.2 million euros ($648.84 million). Lenzing attributed the rise to factors such as an improved product mix, the reduction of inventories and more favorable currency exchange rates. Consolidated earnings before interest, tax, depreciation and amortization were up 46.6% to 135.1 million euros ($149.54 million), with an EBITDA margin of 23 percent in comparison to 18 percent in the prior-year period.
The profit for the period improved 69.6% to 75 million euros ($83.01 million).
“The opening of new sales offices in Turkey and South Korea enables us to serve our customers more effectively. We are progressing well with the expansion of our production capacities for specialty fibers,” Stefan Doboczky, chief executive officer of the Lenzing Group, said. “This will support our customers in their own expansion efforts by providing products made of our botanic fibers. Assuming that fiber market conditions remain at current levels, we expect a substantial earnings improvement this year compared to 2016.”
The company’s efforts to expand production capacity for its Tencel fibers saw progress with ground-breaking at its production site in Heiligenkreuz, Austria at the end of March. By mid-2018, Lenzing said an additional 25,000 tons of the fiber will be produced annually. The construction of a new production facility for Tencel fibers in Mobile, Alabama, is underway and is set to be completed at the end of the first quarter of 2019. Lenzing is also examining several potential sites in Asia to expand its Tencel production.
Color specialist Archroma is collaborating with Patagonia on the outdoor brand’s Clean Color Collection.
The products in the collection have been colored with dyes made from natural sources, including EarthColors by Archroma, a range of dyes synthesized from agricultural waste.
Many of Patagonia’s synthetic dyes use less water, energy and CO2 when compared with conventional processes. The company already collaborates with Archroma for the Patagonia Denim collection based on Archroma’s Advanced Denim.
The selected EarthColors dyes are the Palmetto Green and Citrus Brown colors made, respectively, from non-edible palmetto green parts and bitter orange peels left over from agriculture industry or pharmaceutical extraction.
EarthColors is a line of plant-based dyes, sourced from up to 100 percent renewable resources. The colors change and fade over time, which is part of what makes these dyes unique.
InvisiArmor Sport Lasting De-Stink Treatment was selected as the Best Product in Sports Textiles at the 2017 Future Textiles Awards held last week in Frankfurt, Germany, where the World Textile Information Network recognized numerous winners for innovative products, processes and treatments.
When mixed at home with 3 percent hydrogen peroxide and sprayed on textiles such as athletic clothes, gear or shoes, InvisiArmor Sport Lasting De-Stink Treatment kills germs and captures odor molecules to provide a long-lasting fresh scent. Treatments last for more than 20 launderings, but treated items can be worn many times without any odor before laundering, which helps prolong the life of garments.
Among the other award winners was Inuheat Group for Best Product–Clothing Textiles category for its flexible and conductive yarn for actively heated clothing, and the Ground Breaking Partnership prize for its collaboration with various clothing brands on its Wearable Heating Platform.
François Girbaud shares with Rivet why he believes fit and function mean more to denim than ever and why he’s eager for newness.Read more
Nike launched Nike Circular Innovation Challenge, a two-part contest that challenges participants to turn grind waste materials into new products or propose innovative material-recovery solutions for footwear recycling.Read more
Nike is shifting its leadership following alleged internal conflict, J.Jill's CEO Paula Bennett is retiring, plus Hugo Boss extended its CEO contract.Read more
Adelante Shoe Co. aims to make footwear shopping more transparent by connecting craftsmen and consumers from point of sale to shoe delivery.Read more
So what's really going on with the retail apocalypse? It really depends on which retailers you're talking about, according to new research from Deloitte.Read more
Following up on its merger this month with the American Fiber Manufacturers, the National Council of Textile Organizations has launched Textiles in the News, a new website promoting the U.S. textile industry.Read more
The challenging retail environment has store executives re-evaluating every aspect of their businesses and Shop.org's “The State of Retailing Online” report highlights retailers' new directions and the areas they say still need improvement.Read more