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FRANKFURT, Germany and SEOUL, South Korea, April 24, 2024 /PRNewswire/ -- Kolon Industries Inc.(KRX: 120110), top chemical materials and textile maker in South Korea, proposes a sustainable future through the presentation of carbon reduction technologies and eco-friendly products at the world's leading international trade fair for textiles and nonwovens. Kolon Industries’ exhibition booth in Techtextil 2024. Kolon Industries announced on the 24th that it will showcase aramid Heracron®, PET(Polyester) nonwoven Finon®, and PET leather Chamude® at Techtextil 2024 to be held in Frankfurt, Germany from April 23 to 26. Techtextil is the world's largest exhibit for showcasing groundbreaking industrial textile materials and technologies. Kolon Industries shares innovative use cases of aramid with customers. Last year, the company actively implemented digital transformation within the production process when expanding its aramid production to 15,310 tons. Realization of faster deliveries, optimized quality controls and energy monitoring led to lower carbon emissions and increased customer value. Furthermore, the company plans to enhance its aramid pulp production energy efficiency and manufacture products with 30% fewer carbon emissions, through its production expansion to 3,000tons in the second half of this year. Aramid pulp is manufactured by cutting and grounding aramid yarn. Sustainable products made from recycled water bottles will also be exhibited. PET non-woven spunbond is expanding its market share in Europe for carpet applications by achieving global eco-friendly certifications such as GRS and EPD. PET leather prioritizes eco-friendliness accredited by GRS and Oeko-Tex, a European certification system demonstrating zero harm to the environment and humans. Through these products, Kolon claims to increase connections with customers in the European and North American market for flooring and automobile interior materials. "Techtextil is a good opportunity to showcase our various textile technologies in the global market," said Chief Operating Officer Choi Yoeng-baeg. "The European market is especially driving eco-friendly transitions and we will actively demonstrate our sustainable technologies," he added. About Kolon Industries Inc. Kolon Industries is a South Korean chemical and textile manufacturing company, founded in 1957 as the first nylon maker in Korea. It has since expanded to a worldwide company focusing on four major businesses: industrial materials, chemical resin, film/electronic materials and fashion. It is actively creating sustainable values through development of eco-friendly materials such as biodegradable plastics, lyocell tow for cigarette filters, hydrogen fuel cell materials and upcycling fashion brands. ContactsKolon Industries Inc.Yeji Jungyeji_jung1@kolon.com
CHARLOTTE, N.C., April 20, 2024 /PRNewswire/ -- The Board of Directors of Elevate Textiles, a global provider of advanced, high-quality products and mission critical textile solutions, is pleased to announce that Jeffrey P. Pritchett will join the company as Chief Executive Officer and Member of the Board of Directors on April 23, 2024. Jeffrey P. Pritchett Chief Executive Officer Elevate Textiles "We are all thrilled that Jeff is joining and confident that his diverse experience driving commercial and operational excellence as well as successfully navigating strategic M&A initiatives make him the ideal leader to achieve our business objectives and maximize our impact as a global, consolidated platform," says Jim Continenza, Chairman of the Board of Directors for Elevate Textiles. "Jeff brings the right combination of leadership experience, passion and expertise to drive the next phase of growth, innovation and sustainability for all of the stakeholders at Elevate." Mr. Pritchett added, "I am honored to be joining Elevate and look forward to partnering with the Board and our leadership team(s) to build on the significant accomplishments they have made to date. I am impressed with the differentiated global footprint and integrated platform, customer collaboration, environmental solutions, innovative product development and operational expertise that I've seen thus far, and I'm incredibly excited about what we will accomplish together in the future to continue to drive growth and improvement around our delivery of premium, mission-critical textile solutions globally." Pritchett joins Elevate with more than 25 years of multi-industry global leadership experience in both public and private companies. He most recently served as Senior Managing Director and Senior Operating Executive of Cerberus Operations and Advisory Company LLC, an affiliate of Cerberus Capital Management L.P. He also held numerous Cerberus portfolio company Board and leadership roles. Earlier in his career, he served as Chief Operating Officer and on the Board of Directors at Champion One LLC, Executive Vice President, Chief Financial Officer, and Head of Global Operations at InnerWorkings and held senior leadership positions at Vertis Communications, including Senior Vice President and Chief Financial Officer. Before that, he held various leadership positions at General Motors and Delphi Automotive. About Elevate Textiles Elevate Textiles offers distinguished global textile brands including American & Efird, Burlington, Cone Denim, Gütermann and Safety Components. With a global array of premium fabric and thread solutions focused on innovation, sustainability, and quality craftsmanship, Elevate and its portfolio brands provide products that surround us every day and in all facets of life. We offer advanced, high-quality products and mission critical textile solutions across vast industries including fashion and functional apparel, footwear, military, fire, medical, athletic, automotive, aerospace, outdoor, and other specialty sectors. Elevate is committed to delivering solutions that protect and enhance our lives through its global manufacturing platform. To learn more about Elevate Textiles and our brands, visit elevatetextiles.com and follow us on LinkedIn.
Spiber's long-term partners Pangaia and Goldwin have joined Spiber's revolutionary "biosphere circulation" program, dedicated to transforming discarded apparel and textiles and agricultural byproducts into nutrients for microbial fermentation and production of novel protein materials. Spiber invites industry stakeholders to join the project in order to implement the technologies, infrastructure, and policies required to realize this vision for a circular ecosystem of industrial materials that are biobased and biodegradable, and used as nutrients at their end-of-use. Spiber's first demo product, produced by Goldwin and made to identify the challenges of producing compliant products designed to be digestible for microbial fermentation, will be revealed at Future Fabrics Expo in London on June 26. TSURUOKA, Japan, June 26, 2023 /PRNewswire/ -- Spiber's groundbreaking initiative, the biosphere circulation program, presents a pioneering methodology for upcycling biobased and biodegradable textile and agricultural waste through the utilization of its proprietary fermentation technology. The primary objective of this program is to propel society towards the creation of fully circular textile products that can be regenerated into an innovative protein material known as "Brewed Protein™" at the end of their lifecycle. Left: First demonstration product developed by Spiber and Goldwin to help identify potential challenges to solve in determining a guideline for fully circular apparel products. Right: QR code leading to a demonstration webpage showing information on materials and chemicals used to make the demonstration product. Photo courtesy of Spiber Inc. Photo courtesy of Spiber Inc. The textile industry faces a challenge with textile recycling, with less than 1% of discarded textiles being recycled for new textile applications (Ellen MacArthur Foundation, 2017)1. Recognizing the challenges involved in end-use textile recycling, Spiber is dedicating significant resources to developing a comprehensive circulation infrastructure aiming for commercialization in the long term. The company has been testing various types of fibers, dyes, and processing chemicals that are used to make apparel products in order to verify what can be efficiently digested into nutrients. This information is being used to inform the development of requirements for textile products which will be published in the near future to ensure that the industry has the tools needed to adopt this innovative process. Understanding the pressing need to confront the challenges we currently encounter, Spiber advocates for a collaborative approach to expedite research and development, hastening the implementation of this cutting-edge system. In support of this vision, Spiber's long-term partners Pangaia and Goldwin have joined the program. This collaboration aims to catalyze the transition from a linear "take-make-use-dispose" model to a circular "take-make-use-reuse" model. "PANGAIA is delighted to explore the next phase of its partnership with Spiber by joining its biosphere circulation project. At PANGAIA, we are focused on accelerating the development and broader adoption of problem-solving technologies and materials into the fashion industry. This project aligns perfectly with those goals and our research focuses by tackling one of the industry's biggest and most complex issues – waste." – Craig Smith, Research & Development Director at PANGAIA The brands will support Spiber to accumulate valuable data and develop a comprehensive product design guideline that enables the decomposition of garments into biological nutrients, which can then be used as resources for production of upcycled materials. Furthermore, the brands will contribute to the advancement of product design guidelines applicable to a wide range of garment types, promoting industry-wide adoption of this sustainable approach. As a first step, Spiber has worked with Goldwin to create a demonstration product to identify potential challenges that need to be solved in order to further develop the guideline to design a fully circular final product that the fashion industry can comply with. Knowledge of what has been used to make products—from raw material to consumer goods—is critical for circularity at end-of-use. Accordingly, Spiber has created a demonstration webpage where users can access detailed breakdown information of materials and chemicals used to make the product. This webpage is just a glimpse into the company's vision for building a platform to enable their circularity solution through transparent access to data to enable verification of whether a product is or is not "digestible to nutrients" at end-of-use. During the process of development, Spiber has already identified several potential challenges that the industry needs to overcome. (Demonstration webpage, available until July 26: https://www.b-source.co/basque-shirt-demo) The demonstration product will be prominently displayed at Innovation Hub at Future Fabrics Expo in London, UK, from June 26 to 28. During the event, Kenji Higashi, Executive Vice President of Business Development, Sales & Sustainability, will participate in a panel discussion on June 27 to shed light on the challenges encountered and provide further insights on the dissemination of biomaterials and the circular economy. Given the pressing urgency of our current situation, it is vital and inevitable to confront resource depletion issues and establish a comprehensive circulation model and infrastructure across the industry. Spiber ardently advocates for a collaborative approach, welcoming industry players to join forces and enhance research and development efforts in pursuit of a more sustainable future. 1. Ellen MacArthur Foundation, A new textiles economy: Redesigning fashion's future (2017) Progress to date Challenges specific to this demo product To make this demo product compatible with biosphere circulation, the garment was assembled with cotton thread in place of polyester thread. This change may slightly impact the performance of the product, as cotton thread doesn't have the same stretch, strength, and performance properties as polyester thread. This may cause the shirt to be slightly more prone to wear and tear around the neckline and sleeves at the seams. Challenges involved in the development of any textile product There are challenges to circulating chemically processed and colored textiles. The chemicals and colorants must be identifiable when textiles reach end-of-use, and they must be confirmed to not hinder the "degradation to nutrient" process. We are currently focusing research efforts to identify the types of chemicals and colorants that are acceptable with the process, and are actively gathering data through lab-scale testing. Brewed Protein™ fibers Brewed Protein fibers are lab-grown, plant-derived, circular materials made through a proprietary microbial fermentation process. The fibers are a compelling solution to the growing demands of animal and petrochemical-free fibers to address numerous pressing environmental issues and risks. The potential environmental impact of a forward-looking Brewed Protein fiber production plan was found to be significantly smaller than cashmere and merino wool, largely due to the lower environmental impacts of inputs for Brewed Protein polymer production (primarily plant crops and renewable electricity) when compared to livestock farming for cashmere and wool production. Production scale has been growing and Brewed Protein fibers, yarns, and fabrics are now available for purchase at commercial scale. Spiber's Sustainability webpage: https://spiber.inc/en/sustainability/ Spiber Inc. Established in September 2007, Spiber Inc. is a Japanese biotechnology startup utilizing cutting-edge synthetic biology, polymer science, and material science for the development of its novel Brewed Protein materials made from plant-based sugars utilizing microbial fermentation technology. Spiber website: https://spiber.inc/en/ Spiber is a trademark or a registered trademark of Spiber Inc. in Japan and other countries. Brewed Protein™ is a trademark or a registered trademark of Spiber Inc. in Japan and other countries. PANGAIA PANGAIA is a purpose-driven leisure lifestyle company bringing problem-solving materials science innovations to the world. We are a global collective of one heart and many hands - scientists, technologists, designers – creating essential products from innovative tech and bio-engineered materials powered by nature. Our vision is to inspire and accelerate an earth positive future as we design a business model where our products are better for the planet than if they did not exist. Every product we create is born from science and purpose, each solving an environmental problem of the industry. Pangaia website: www.pangaia.com GOLDWIN INC. Founded in 1951, GOLDWIN Inc.'s original brand Goldwin proposes products that combine minimalist design with rationality, comfort, and convenience, derived from its experience with skiing and the outdoors, as well as Japanese aesthetics. Since 2018, Goldwin has opened directly managed stores in Tokyo (Marunouchi and Harajuku), the United States (San Francisco), Germany (Munich), and China (Beijing), and is actively building a global base. Goldwin website: https://www.goldwin.co.jp/goldwin/
STOCKHOLM, Oct. 7, 2024 /PRNewswire/ -- Austrian Lenzing Group invests in Swedish fiber company TreeToTextile to accelerate development of a new renewable and resource efficient cellulose fiber for textile and nonwoven applications. The fiber aims to replace part of the cotton fiber market and help the industry reduce its environmental footprint significantly1. We are both proud and excited to have the leading global cellulose fiber producer join us on our journey to produce renewable and resource-efficient fibers with low environmental impact. Scaling innovation requires time and knowledge, and we are fortunate to have the strong support from our current owners H&M Group, Inter IKEA Group, Stora Enso and LSCS Invest. Now with the additional expertise and sustainability leadership of our new shareholder Lenzing Group, our speed to market will increase significantly, to reach our ambitious goals and become an important player in the textile industry, comments Dr. Roxana Barbieru, CEO of TreeToTextile. Ever since TreeToTextile AB was established in 2014 by the Swedish entrepreneur Lars Stigsson, TreeToTextile's mission has been to develop and commercialize a new, renewable and resource efficient cellulose fiber, that not only minimizes environmental impact by reducing chemical use and conserving water and energy, but also stands out in the market with its cost-effectiveness and enhanced fiber properties. The development of the fiber has been supported by its owners and strategic partners, H&M Group, Inter IKEA Group, Stora Enso and LSCS Invest. To accelerate the next phase of the company, Lenzing Group is joining with more than 85 years of experience in scaling new fiber technologies. The Lenzing Group has a revenue of 2.52 bn EUR, approximately 8,000 employees and production sites and sales representation in more than ten countries. Their nominal fiber production capacity is 1,110,000 tons and are behind the well-known trademarks of TENCEL™, LENZING™ ECOVERO™, VEOCEL™ and REFIBRA™. We are excited about TreeToTextile's award-winning technology and production process, which further reduces environmental impact, promotes the transition to a more sustainable future and is fully in line with our corporate strategy, says Rohit Aggarwal, CEO of the Lenzing Group. This partnership is a significant investment and a sign of Lenzing's relentless commitment to innovation by combining the power of its own innovation engine with a strong strategic cooperation approach. We look forward to contributing our expertise to TreeToTextile's mission, he concludes. TreeToTextile was established in 2014 by Swedish entrepreneur Lars Stigsson, H&M Group and Inter IKEA Group, with the objective to develop and commercialize a more sustainable process for man-made cellulosic fiber. In 2016, the first fiber-volumes were produced and in 2017 an initial proof of concept was developed. Stora Enso joined in 2019, and in 2021, the announcement of the establishment of a Demo plant at Stora Enso's former premises in Nymölla, was communicated. The investment has been supported by the Swedish Energy Agency and the Demo plant was inaugurated in 2023. In June 2024, the first bale of fiber was produced in the Demo plant, followed by continuous strong development in the different process steps. The agreement is pending merger control and regulatory approval from relevant authorities. Contact for public relations TreeToTextile:Nina Ekstrand, Head of Marketing & Communication, +46-76 110 67 12, nina.ekstrand@treetotextile.com, www.treetotextile.com Contact for public relations Lenzing Group:Dominic Köfner, Vice President Corporate Communications & Public Affairs, +43 7672 701 2743, media@lenzing.com, www.lenzing.com About TreeToTextile AB Swedish-based TreeToTextile is driving positive change in the textile industry, by providing better fibers to all for a resilient planet. Supported by the strong owners H&M Group, Inter IKEA Group, Stora Enso, and LSCS Invest, TreeToTextile develops a new innovative cellulose fiber technology, to provide a renewable and resource efficient fiber with a low environmental impact. The fiber has the potential to complement or replace part of the cotton, viscose and polyester markets. Key facts & figures TreeToTextile Year of establishment: 2014Current owners: H&M Group, Inter IKEA Group, Stora Enso, LSCS Invest Number of employees: 46Current facilities: HQ in Stockholm, Demo plant in Nymölla, Sweden, R&D Center in Mölndal, Gothenburg, Registered brand names: TreeToTextile™ (with symbol), Nyense™ (for textile applications), Nyvado™ (for nonwoven applications) About the Lenzing Group The Lenzing Group stands for eco-responsible production of specialty fibers based on cellulose and recycled material. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments. The Lenzing Group's high-quality fibers form the basis for a variety of textile applications ranging from functional, comfortable and fashionable clothing to durable and sustainable home textiles. Due to their special properties and their botanical origin, the TÜV certified biodegradable and compostable Lenzing fibers are also highly suitable for everyday hygiene products. The business model of the Lenzing Group goes far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, creating added value for consumers. The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to help transform the textile industry from the current linear economic system towards a circular economy. In order to reduce the speed of global warming and thus also support the targets of the Paris Agreement and the EU Commission's "Green Deal", Lenzing has developed a clear science-based climate action plan that aims to significantly reduce greenhouse gas emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050. Key Facts & Figures Lenzing Group 2023Revenue: EUR 2.52 bnNominal capacity: 1,110,000 tonsEmployees (FTE): 7,917TENCEL™, LENZING™ ECOVERO™, VEOCEL™ and REFIBRA™ are trademarks of Lenzing AG. 1 The TreeToTextile fiber is renewable and has low CO2 emissions: 0.6 kg CO2 eq/kg fiber*, contributing to the saving of CO2 emissions of the textile industry. (*Based on LCA report (2020), 3rd party verified (2021), simulated from lab scale, factory to factory gate of staple fibers) This information was brought to you by Cision http://news.cision.com https://news.cision.com/treetotextile-ab/r/treetotextile-and-lenzing-join-forces-for-next-generation-cellulose-fibers,c4047325 The following files are available for download: https://mb.cision.com/Main/20319/4047325/3039487.pdf Press release (PDF) https://news.cision.com/treetotextile-ab/i/treetotextile-fibers,c3340019 TreeToTextile fibers https://news.cision.com/treetotextile-ab/i/ceo-dr--roxana-barbieru,c3340021 CEO Dr. Roxana Barbieru https://news.cision.com/treetotextile-ab/i/lenzing-ceo-rohit-aggarwal-10,c3340020 Lenzing CEO Rohit Aggarwal 10
HONG KONG SAR - Media OutReach Newswire - 7 October 2024 - Alpha Technology Group Limited (Nasdaq: ATGL) is proud to announce that Anthony Tsang, Executive Director and President of the company, has been honored with the prestigious 18th World Outstanding Chinese Award on 8 September 2024. This award celebrates Tsang's visionary leadership and transformative contributions to the fields of finance and artificial intelligence (AI), further cementing his reputation as a "Hong Kong AI Pioneer". Recipients of the "18th World Outstanding Chinese Award" alongside distinguished guests As a well-known investor and private equity fund manager, Anthony Tsang has received widespread acclaim for his sharp business vision and unique investment style. Within a year, he successfully integrated two Hong Kong-based IT companies through strategic acquisitions, mergers, and restructurings, resulting in the company's successful listing on NASDAQ. This milestone made Alpha Technology Group the first AI company from Hong Kong to be listed on NASDAQ, a groundbreaking achievement that speaks to Tsang's ability to execute complex business transformations. With his keen market insight and excellent management ability, Tsang has implemented drastic reforms within the company, breathing new life into the enterprise and allowing it to thrive in the capital market. His success is not coincidental but rather the result of his optimistic vision of the technology industry, particularly in the field of AI, and his skill in combining capital with innovation. On-site at the "18th World Outstanding Chinese Award" ceremony "The future of AI is about pushing the boundaries. What I'm doing is finding and investing in potential companies that can lead the change," said Tsang. "I believe that AI can not only change business models but also the way people live. Driving such change is my mission as an investor." In recognition of his leadership in both AI and finance, Tsang has previously been awarded the Forbes Distinguished Leader Award and the World Outstanding Chinese Young Entrepreneur Award in 2022. The 18th World Outstanding Chinese Award, presented on 8 September 2024, is a further testament to his remarkable achievements and his ongoing contribution to technological innovation and social progress. This year, Tsang joins an esteemed group of fellow awardees, including entrepreneurs Mr. Cao Dewang, Ms. Li Xiaolin, Mr. Dennis Lam, renowned director Mr. Zhang Yimou, celebrated actors Mr. Zhang Guoli and Mr. Donnie Yen, and Professor Nancy Yip, President of the Hong Kong University of Science and Technology. Anthony Tsang received the "18th World Outstanding Chinese Award" Hashtag: #AlphaTechnologyGroupLimited #AnthonyTsang #ATGL #AI #TechlutionThe issuer is solely responsible for the content of this announcement.About Alpha Technology Group Limited Alpha Technology Group Limited (Nasdaq: ATGL) is a reputable cloud-based IT solution service provider based in Hong Kong. Leveraging analytic and programming skills, AI technologies, and technological know-how, the company provides comprehensive solutions designed to optimize business performance for its customers. The services help clients address a variety of industry-specific operational challenges and create new business opportunities across sectors such as consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale, and distribution. Through its subsidiaries Techlution and NSL, Alpha Technology Group offers the following services: System Development Services: Development of cloud-based and customized customer relationship management (CRM) systems and enterprise resource planning (ERP) systems, tailored to meet the specific operational and business needs of clients. Web and Mobile Application Development Services: Techlution applies its technological expertise to create applications that assist users with tasks such as drafting, storing information, transferring documents, communication, tracking geographic locations, productivity management, and status reporting. Artificial Intelligence-Powered Optical Character Recognition (AI-OCR) Services: NSL provides self-developed AI-OCR technology to extract printed text and data from documents like invoices, receipts, applications, forms, and identification documents, enabling the digitalization of clients’ business operations. In addition, Alpha Technology Group offers technological support, maintenance, and NFT-related services, including the creation of NFT artwork, marketplace development, and the creation of NFT-related games for its customers.
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