#Yarn & Fiber

2021-01-28

IVL remains on track to deliver its 2021-2023 strategy that will double EBITDA and deliver double digit ROCE by 2023

Indorama Ventures Public Company Limited, a global chemical producer, hosted its annual IVL Capital Markets Day 2021 announcing its strategic progresses.

Highlights are as follows:

Our Platforms. People. Systems – prepared for growth?Despite the challenges of 2020, IVL’s vertically-integrated and multi-regional platforms have proven resilient on the back of strong volume growth and prudent capital management to maintain strong operating cash flows. Impact on demand and spreads across segments largely temporary and expected to make a strong recovery along with the economy.

In addition, the management team has used 2020 to ‘prepare for growth’ by re-organizing the business, building strong leadership teams at every vertical and enabling the teams with strong support systems (e.g. centers of excellence, shared services, one ERP).

Olympus transformation ahead vs. first year plan

Execution of the company’s cost saving transformation project, called Olympus, is off to a strong start as IVL is ahead of first year plan by 25%+. Encouraged by internal assessment and outperformance, we have increased our Project Olympus ambition to deliver $610M impact by 2023 (vs. $350M announced last year), comprising of 2,500+ Cost Transformation and Business Full Potential initiatives.

Segment strategies refreshed

Each segment has refreshed its strategy to reflect the changing macro environment, higher ambition from transformation, opportunity to harness the ‘One IVL’ advantage and new growth and adjacency opportunities.

Leader in Sustainability and Circular Economy

IVL remains committed to ESG and continues to be recognized by rating agencies as a leader in the Chemicals Industry. In addition, IVL is on track to meeting its 2025 global commitment on recycling

Strong Financial Performance expected

IVL expects to double its EBITDA and deliver double-digit ROCE by 2023. In doing so, IVL will generate healthy cash flows to meet its capital management goals, invest in value accretive attractive projects, sustain its dividend policy to reward shareholders and continuously de-leverage its balance sheet from 1.46 to 0.6x

Mr. Aloke Lohia, Group CEO of Indorama Ventures, said, “Despite a challenging year, 2020 has given me even more conviction in our businesses. Through the pandemic, we have strengthened our platforms, empowered our people and advanced our systems agenda, therefore positioning ourselves well to take advantage of opportunities in the recovery, to unlock the full potential of IVL and to ready the company for the next era.”

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

DYNEEMA® and NP Aerospace advance personal protection for military servicewomen

Dyneema®, owned by Avient Corporation, an innovator of materials solutions, is supplying its high-performance unidirectional (UD) materials to world-leading armor manufacturer NP Aerospace, enabling the production of armor systems designed specifically to fit the female body. With 2,000 new armor systems, including 4,000 plates, made in the United Kingdom (UK) and delivered in June 2026, this collaboration addresses a long-standing lack of high-quality personal protection specially built for female defense and security personnel.

Grasim Industries announces fresh investment of ₹3094 Crore to expand Lyocell capacity

Grasim Industries Limited, the flagship company of the Aditya Birla Group and a global leader in cellulosic fibres, today announced an investment of ₹3,094 crore, for Phase II Lyocell capacity of 110K TPA at Harihar, Karnataka. This expansion will consist of 2 lines of 55K TPA (150 Tons per day) each. The first line is expected to be commissioned by 2028, and the second line is expected to be commissioned by 2030.

Next week’s focus: Intertextile Shenzhen & Yarn Expo Shenzhen fuse textile tradition with sustainable, digital trends

Fashion will not be left behind in one of the world’s undisputed tech and manufacturing capitals. Which is why next week, at Intertextile Shenzhen Apparel Fabrics and Yarn Expo Shenzhen 2026, the organisers have made special efforts to integrate textile topics such as materials innovation, holistic sustainability, digitalisation and AI. Yet, from 9 – 11 June at the Shenzhen Convention and Exhibition Center, the platform also includes timeless tradition and heritage-inspired evolution in equal measure. Across both shows, over 600 exhibitors from 11 countries and regions are set to showcase everything from Peruvian alpaca wool fabrics to tea-derived fibres, while their fringe programmes will explore diverse solutions along the entire value chain.

Mario Jorge Machado re-elected President of EURATEX

The EURATEX General Assembly has re-elected Mario Jorge Machado as President of EURATEX, renewing its confidence in his leadership at a crucial moment for the European textile and clothing industry. The sector is facing rising costs, global competitive pressure and an increasingly challenging transition towards sustainability and digitalisation.

ITM 2026 makes happy participants with its international and qualified visitor profile

ITM 2026 International Textile Machinery Exhibition, one of the most prestigious meeting points of the textile machinery sector, attracted attention in its first three days, particularly with its diverse international visitor numbers. Industry professionals from all over the world had the opportunity to closely examine the latest technology machines and solutions displayed in operation. Thousands of visitors from approximately 100 countries, primarily Egypt, Pakistan, India, Uzbekistan, Syria, Turkmenistan, Tajikistan, Morocco, Algeria, and Tunisia, met at the Tüyap Fair and Congress Center for new investment and cooperation opportunities.

KARL MAYER presents a textile TEXTRONIC® innovation at ITM 2026

With highly efficient machines and continuous textile innovations, KARL MAYER underscores its role as a reliable partner for discerning top-tier customers. Just in time for ITM 2026 in Istanbul, the industry leader is introducing a true innovation: an eyelash lace with its characteristic fringed look – combined with a previously unattainable 4-way stretch. While the established fabric could until now only be produced as rigid version or with one-dimensional stretch, the new elasticity in both dimensions expands the possibilities for cross-band panel fabrics.