#Man-Made Fibers

2026-03-12

AMSilk appoints Jeno Schadrack as CFO ahead of key growth financing round

AMSilk GmbH (“AMSilk”), a global leader in bio engineered performance materials made from silk proteins, today announces the appointment of Jeno Schadrack as Chief Financial Officer (CFO). He will assume full responsibility for the finance function.

Jeno joins AMSilk at a strategically important moment for the Company as it prepares for a major upcoming institutional financing round to accelerate the industrial scale-up of its silk technology and expand its research and development activities.

He brings a broad track record in guiding companies through advanced scale up stages, with deep experience in institutional funding processes, international expansion and strategic financial leadership. He has worked closely with investors, banks and other financial stakeholders in complex financing environments. In his previous role, Jeno served as Group CFO and Managing Director at NavVis GmbH, a rapidly growing, internationally active deep tech scale up with subsidiaries in the United States, the United Kingdom, and China.

Dr. Wolfgang Colberg, Chairman of the Board, AMSilk, commented: “Jeno Schadrack’s strong track record in guiding companies as they grow will be invaluable to AMSilk as we move from bench-top to industrial scale production. This is a pivotal period for AMSilk and Jeno’s hire reflects this ambition.”

Ulrich Scherbel, Chief Executive Officer at AMSilk, said: “Jeno’s experience in growth financing, investor relations and capital markets, combined with his strategic and analytical leadership style, makes him exceptionally well-suited to guide AMSilk into our next financing stage, which will be critical for our corporate development.”

Jeno Schadrack, newly appointed Chief Financial Officer at AMSilk, added: “AMSilk’s silk protein materials are among the most exciting material innovations in the market today, with remarkable potential to transform established industries. I am grateful for the trust the Company has placed in me and look forward to contributing to fully unlocking the potential of these groundbreaking products.”

Evonik and AMSilk extend partnership for sustainable biotech silk materials

Evonik and AMSilk, a global leader in advanced biomaterials based on silk proteins, have deepened their collaboration with a long-term agreement to produce sustainable silk proteins at industrial scale. Building on their initial manufacturing agreement from 2023, the companies have commissioned a manufacturing line at Evonik’s Slovakian site for AMSilk’s high-performance silk. This innovative biomaterial is produced with minimal environmental impact and is designed for use in premium fashion and highly demanding automotive interiors.

AMSilk secures EUR 52M strategic financing to accelerate commercial growth

AMSilk GmbH (“AMSilk”), a frontrunner in advanced biomaterials made from silk-based proteins, today announced it has successfully secured EUR 52 million financing led by existing investor ATHOS (AT Newtec), along with strong participation from fellow existing investors MIG Capital and Novo Holdings. The financing combines EUR 30 million in equity, and EUR 22 million in convertible bonds. This reflects strong investor confidence and long-term commitment in AMSilk’s technology and market potential.

AMSilk announces successful partnership negotiation with Ajinomoto for industrial fermentation

AMSilk GmbH (“AMSilk/the Company”), a frontrunner in advanced biomaterials made from spider silk-based proteins, today announces that the Company and Ajinomoto Foods Europe (AFE), a company with over 50 years of experience in industrial fermentation, and the affiliate of the globally established Ajinomoto group, have expressed mutual interest to step into a long-term partnership to biomanufacture silk proteins at Ajinomoto Foods Europe’s manufacturing facility in Nesle, France.

Fraunhofer IAP paves the way for "Green" carbon fibers

A new pilot plant in Guben is set to enable the production of bio-based carbon fibers. The plant is part of the Carbon Lab Factory Lausitz and will make an important contribution to the transformation of the Lausitz region—from a traditionally raw material- and basic industry-oriented region to a hub for innovative high-performance materials. The German federal government and the state of Brandenburg are providing the Fraunhofer Institute for Applied Polymer Research IAP with 53.3 million euros for this purpose.

VEOCEL™ Lyocell production expands to Asia – Launching a new chapter for nonwovens in the region

VEOCEL™, Lenzing's flagship specialty nonwovens brand, expands production at its Thai plant in Prachinburi. This is the first-ever production of its nonwoven-grade lyocell fibers in Asia. Built in 2022 with a 100,000-ton annual production capacity, the facility - previously focused on fibers for textile applications - now can directly meet the demand for VEOCEL™’s biodegradable¹, wood-based lyocell fibers for nonwovens products. These fibers are an essential ingredient for high-quality nonwovens products, ranging from baby wipes to facial sheet masks and everyday personal hygiene items.

Textile Exchange publishes cotton Life Cycle Assessment study to strengthen impact data

Textile Exchange has published the first in a series of seven Life Cycle Assessment (LCA) studies designed to improve the quality and robustness of environmental impact data for raw material production across the fashion, textile, and apparel industry. The first LCA study focuses on cotton and addresses critical data gaps and methodology variability through new high-quality data across key producing countries. The study includes organic, regenerative, recycled, and country averages for conventional cotton production systems, providing a clearer picture of the associated environmental impact.

Fashion for Good mobilises industry to adopt mass balance attribution and accelerate decarbonisation

Fashion for Good launches today the Mass Balance Demonstrator project, a collaborative industry initiative to implement and scale the mass balance attribution (MBA) chain-of-custody model for biomass-attributed PET in textile applications. The project represents a concrete step toward accelerating brand-driven decarbonisation across the apparel value chain.

JEC World 2026 confirms its standing as the unmissable event for composites and their applications

JEC World 2026 confirms its position as the leading global event for the composite materials industry and its applications across multiple sectors, bringing together the entire composites ecosystem in Paris for three days of business, innovation, and collaboration. True to its Pushing the Limits motto, the 2026 edition delivered outstanding results despite travel disruptions worldwide. The numbers speak for themselves: more than 1,400 exhibitors from over 50 countries, including over 150 first-timers, presented a global panorama of products, equipment, and services across the entire composites value chain.

Covestro to exhibit solutions for a more sustainable and productive textile industry at Techtextil 2026

Covestro will present a broad portfolio of material innovations for textile coatings, adhesive films and thermoplastic polyurethanes (TPUs) at Techtextil 2026 (Hall 11.0, Booth C79). The exhibits will demonstrate how advanced solutions can enhance durability, recyclability and manufacturing efficiency across applications such as automotive, infrastructure, protective apparel and sportswear. A particular focus will be on more sustainable coating technologies, including antimicrobial systems based on INSQIN® in combination with AGXX from Heraeus Precious Metals, as well as the integration of Pontacol® thermoplastic adhesive films into Covestro’s offering.