#Sustainability

2022-11-23

Indorama Ventures wins ‘Top Sustainability Advocate in Asia’ by the Asia Corporate Excellence and Sustainability Awards

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has been named as the winner of the “Top Sustainability Advocate in Asia” by Asia Corporate Excellence and Sustainability Awards (ACES) 2022. The prestigious award reinforces IVL's ongoing commitment and progress in sustainability under its purpose of ‘Reimagining chemistry together to create a better world’.

Mr. Yash Lohia, Chairman of ESG Council at Indorama Ventures, said, “We are honored to be recognized as the top sustainability advocate in Asia. IVL's sustainability strategy demonstrates our commitment to the three focus areas of: protecting the environment through responsible operations; empowering our people and transferring value to our stakeholders; and ethically and innovatively driving economic prosperity. IVL believes it can make a positive impact on these areas while growing its business and bringing about constructive change by fully integrated sustainability into our operations. Winning this award will inspire us to continue embedding sustainability into our business to achieve our vision of becoming a world-class sustainable chemical company making great products for society.”

The recognition of IVL as a leading advocate of sustainability in Asia underscores the company’s performance in developing sustainable operations along its integrated petrochemicals value chain, including innovative product design; efficiency, high-performance and environmentally friendly operations; efficient transportation; promoting responsible consumption; proactive waste collection; and enhancing widespread recycling. The company’s strategy is accelerated by its 2025 and 2030 sustainability goals, including ambitions relating to Net Zero and ending plastic waste. IVL this year announced science-based targets by the Science Based Targets initiative (SBTi) to help drive its sustainability climate programs.

IVL aims to increase the annual PET bottle recycling rate to 50 billion bottles, or 750,000 tons, by 2025; and 100 billion bottles, or 1.5 million tons, by 2030 to towards a circular economy. By 2030, IVL will raise recycling awareness among more than 1 million people worldwide, and at least 100,000 people in the communities will benefit directly or indirectly from IVL's projects to enhance their well-being program.

Ms. Shanggari Balakrishnan, Chief Executive Officer at MORS Group, Facilitator of the Panel of Jury, ACES Awards, said, "IVL is a prominent industry player with more than 70% of its revenue from product lines in leading market positions across the value chain. IVL works with integrity and has adopted ethical principles aimed at bringing innovative products to meet the demands of their stakeholders while ensuring sustainable growth and leadership."

The Asia Corporate Excellence & Sustainability Awards (ACES) is a prestigious accolade that recognizes inspiring leaders and sustainability advocates across industry and across Asia to bring Asia's business aspirations and success stories to the world stage through knowledge sharing and recognition. The 'Top Sustainability Advocates in Asia' category is presented to companies that demonstrate exemplary integration of sustainability into their policies and operations, with a high level of employee and top management involvement in sustainability initiatives. Responsible business practices are upheld across the company's core business activities, including product and service design and delivery, management of social and environmental impacts, and high-impact community engagement. The event was organized by MORS Group.

“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.

ITMF names three winners of the Sustainability & Innovation Award 2026

Three projects from the UK, Korea and China have been selected as winners of the ITMF Sustainability & Innovation Award 2026. The projects address textile-to-textile recycling, chemical recycling for automotive textiles and a regenerative approach combining silk production with ecological restoration.

180 years of TESTEX: From Zurich silk testing to global certification

For 180 years, TESTEX has developed alongside the textile industry while maintaining the same underlying purpose: creating trust through independent and reliable measurement. Founded in Zurich in 1846 as the Zurich Silk Conditioning Institute, TESTEX has grown from a local institution serving the silk trade into an international Swiss testing and certification institute for textiles and leather.

Cascale launches member-led process to shape 2030 strategy

Cascale has launched a member-led process to define the industry alliance’s strategic direction for the next decade. At the Cascale Annual Meeting 2026 in Athens, CEO Ying McGuire announced that members will contribute to an industry system map that will inform Cascale’s 10-year vision, its 2030 strategy and priorities for 2027. The new strategy is scheduled to be finalized in December.

EFI and Agfa’s DPS Business to combine andform a global, full-service industrial inkjet company

Electronics for Imaging, Inc. (“EFI”), a leading industrial inkjet business and portfolio company of Siris, and Agfa-Gevaert (“Agfa”) today announced a definitive agreement to combine Agfa’s Digital Printing Solutions business (“Agfa DPS”) with EFI. An affiliate of Siris will hold a 60% interest and Agfa will hold a 40% interest in the jointly held company, which will bring together the operating capabilities of EFI and Agfa DPS under a governance structure whereby Siris and Agfa will act as equal partners.

KARL MAYER invites the Global Textile Industry to celebrate its 90th anniversary at its German Headquarters in 2027

KARL MAYER is turning its anniversary year 2027 into a milestone for the textile sector. To mark its 90th anniversary, the industry leader is inviting customers, partners, and experts from around the world to a unique event series in September aimed at pushing boundaries, unlocking new opportunities, and jointly setting the course for a new era in textiles – just as KARL MAYER has done throughout its history. The company’s headquarters in Obertshausen, near Frankfurt, is the place to be.

Durak Maxibalance thread supports users’ movement and balance comfort

Durak Tekstil, a leading brand in its industry, has developed Durak Maxibalance, a new product engineered with bio-ceramic and FAR IR technology. Ushering in a new era for sportswear, activewear, and medical textiles, this technology offers features designed to support balance and movement comfort by reflecting the energy absorbed from the body back into it.