Teijin links up with CCFA for more business prospects

Teijin Limited announced a partnership with the China Chemical Fibers Association (CCFA) to pursue business opportunities in the fields of chemical fibers and related industries in China. This is the first time for the CCFA to enter into a comprehensive alliance with a foreign private business.

Under the basic agreement, collaborations between Teijin group companies and major Chinese companies introduced by the CCFA will pursue various opportunities to:

- Enhance Chinese fiber products with added value, differentiation and greater production efficiency
- Develop high-performance fibers and related applications
- Nurture unique businesses
- Develop green solutions for greater sustainability, and
- Establish a closed-loop recycling system.

Teijin has already reached an agreement to set up a closed-loop system for recycling polyester with Zhejiang Jiabao New Fiber Group Co., Ltd., which is based in Shaoxing, Zhejiang province and is a group company of Jinggong Holding Group, a prominent company involved with environmental management.

The system will be created by leveraging Teijin’s leading-edge proprietary chemical recycling technology and business expertise cultivated through the global expansion of its Eco Circle closed-loop recycling system.

For more details please visit : Teijin links up with CCFA for more business prospects @ fibre2fashion

No effect of volatile market trends last year – Lenzing

The Lenzing Group continued its dynamic growth path of previous years by posting record results in 2011. Despite a significant weakening of the global fiber market in the second half of 2011, Lenzing once again achieved double-digit growth rates in sales and earnings, and surpassed the threshold of EUR 2 bn in consolidated sales for the first time in the company’s history. Operating margins also improved again from the already high level achieved in 2010 and set a new, absolute record.

Consolidated sales in the reporting year 2011 rose by 21.2% to EUR 2.14 bn, up from EUR 1.77 bn in the prior year. This dynamic sales growth can be attributed to higher average selling prices in its core fiber business, higher fiber shipment volumes, the first-time full-year consolidation of the pulp plant Biocel Paskov acquired in May 2010 as well as higher sales in all other business areas.

Consolidated EBITDA (earnings before interest, tax, depreciation and amortization) amounted to EUR 480.3 mn, a rise of 45.3% from the comparable figure of EUR 330.6 mn in the previous year. Earnings before interest and tax (EBIT) climbed by 56.9% to EUR 364.0 mn (2010: EUR 231.9 mn). The EBITDA and EBIT margins reached an all-time high in 2011 at 22.4% (2010: 18.7%) and 17.0% (2010: 13.1%) respectively.

“Our dynamic growth path and specialty strategy led by the fibers Lenzing Modal and TENCEL once again paid off in 2011. Whereas sales with standard viscose fibers increased by close to 20% year-on-year, we sold some 30% more TENCEL fibers and close to 40% more Lenzing Modal fibers than in the prior year”, explains Lenzing Chief Executive Officer Peter Untersperger.

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Indian textile sector grows 11% between 2007-12

The Indian textiles industry has witnessed a growth of 11% during the 11th Five-Year-Plan.

This was revealed by Minister of State for Textiles – Ms Panabaaka Lakshmi in the Rajya Sabha – the Upper House of Parliament.

The government has implemented several policy initiatives like Technology Upgradation Fund Scheme (TUFs), Scheme for Integrated Textile Parks (SITP), Integrated Skill Development Scheme and export promotion schemes for development of powerloom sector.

This will further boost rapid modernization of cotton textile industry, the Rajya Sabha was informed.

The Textiles Ministry has also conducted a study of benchmarking of apparel industry with reference to the sector in China and Bangladesh.

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Sappi’s Cloquet mill to make cellulose fibre for textiles

The 113-year-old mill in Cloquet city in Carlton County, Minnesota, will soon be making cellulose fibre that can then be used to make textiles, clothing and baby wipes.

Sappi Fine Paper, the company that currently makes pulp for use in paper mills at the Cloquet mill, has received approval from Minnesota Pollution Control Agency for construction of its US$ 170 million project for converting wood pulp to chemical cellulose.

The project would be first of its kind in Minnesota and construction work for the same is likely to begin next month.

As part of the project, Sappi Fine would fully convert its existing mill from making pulp for paper to producing dissolved pulp or chemical cellulose, which is expected to be exported to textile manufacturing units in India, Indonesia and China by May next year.

The project would be carried out on an extremely fast track, according to Rick Dwyer, Managing Director of the Cloquet mill.

On completion of the project, he said, the Cloquet mill would be able to convert wood to a purer form of dissolved pulp that can be further processed into viscose staple fibre (vsf) to make rayon textiles.


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