#Textile chemistry

2020-11-05

Indorama Ventures awarded "2020 DX CEO" by IDC Thailand

Indorama Ventures Public Company Limited (IVL), a global chemical producer, was recognized by IDC Thailand with Mr. Aloke Lohia, Group CEO, acknowledged as the ‘2020 DX CEO’ for Thailand in this year's IDC Digital Transformation Awards (DX Awards). IDC's DX Awards recognizes outstanding organizations that have made critical breakthroughs in digital transformation, changing its business and markets across the Asia Pacific region.

IVL is currently implementing its digital transformation project utilizing S/4 Hana, an integrated SAP ERP across all functions. The full implementation of the ERP will help drive organization-wide optimization, improve overall efficiency and make IVL's businesses even more agile. The project is also part of the company’s Olympus project, a cost transformation initiative which is expected to deliver savings of approximately $350 million by 2023. The project includes deployment of a global business solution throughout finance, operations, procurement, supply chain, sales and HR functions across IVL’s 120 operating sites in 33 countries across the world.

Mr. Aloke Lohia, Group CEO at Indorama Ventures said, "I am so proud of my team and honored to be named ‘2020 DX CEO’ by IDC Thailand. As IVL has mostly grown inorganically in recent years, we have a strategy to enhance the optimization and integration of our business operations through several transformation projects, with the single ERP system at the core. That is why we got into the SAP system after due deliberation. We chose a very good partner, 'Accenture', for the implementation of our digital transformation project. Even though we are caught in COVID-19 restrictions, we continued the implementation virtually with frequent updates among our team across all 33 countries and 120 sites. We believe that our digital transformation will better serve our customers, clients and employees. As we all know, data is the new oil and we would be able to leverage this to enhance our excellence and bring forward an improvement for our shareholders.

Mr. Sudev Bangah, Managing Director at IDC ASEAN said, “Mr. Lohia started an initiative to drive intrinsic value through digital transformation at IVL by exploring industry 4.0 capabilities with Machine Learning & Mathematical Optimization as well as identifying 250+ digital value creation opportunities across 120 sites. He exhibits confidence and a strong vision with the ability to strategically execute his vision into actions that assisted in transforming IVL to become a more successful organization.

“Mr. Lohia is leading IVL on the right path by driving business resilient qualities within the organization such as agility, flexibility and being customer centric. He ensures that the right strategies, skills, and passion are in place to make IVL fit for the future,” Sudev added.

IDC DX Awards were assessed by organizations driving business model transformation and business ecosystem which leverages from digital technologies such as Cloud, Mobile, Big Data / Analytics, Social and IoT across the Asia Pacific region. This 2020, IDC award has received more than 1,200 nominations across participating countries such as Singapore, Indonesia, Philippines, Malaysia, Thailand, Hong Kong, Taiwan, China, South Korea, India, Australia, and New Zealand.

Happy Holidays!

Dear reader, the year 2025 is drawing to a close. We are entering what we hope will be a peaceful holiday season, spending time with our families and taking a moment to pause and reflect. We hope we have been able to support you once again this year with relevant news and articles, and we look forward to surprising you with many innovations in the coming year. Enjoy the festive season, stay healthy, and we wish you a happy and joyful holiday season.

textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

Ascend Performance Materials secures court approval for restructuring and appoints new CEO

Ascend Performance Materials has reached a major milestone in its Chapter 11 process: the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the company’s Plan of Reorganization. Ascend expects to emerge from Chapter 11 by year’s end with a significantly improved capital structure. In parallel with the restructuring progress, Ascend announced a leadership change.

Indorama Ventures ranks first globally in ChemScore 2025 for excellence in chemicals management and environmental performance

Indorama Ventures Public Company Limited (IVL), a global sustainable chemicals company, has been ranked first globally with a green card in ChemScore 2025, the internationally recognized benchmark developed by ChemSec, assessing the environmental performance and chemical management of the world’s 40 largest chemical companies. The company has consistently found itself in the top three ChemScore companies and scored twice as high on average as the Asia-based companies taken together.

Texpertise Focus AI: Messe Frankfurt puts Artificial Intelligence centre stage at its international textile and apparel trade fairs

Under the banner 'Texpertise Focus AI, Messe Frankfurt will place a strong emphasis on Artificial Intelligence (AI) across its international textile and apparel trade fairs from 2026 onwards, setting a future-shaping signal for the industry. The initiative highlights the responsible use of AI along the entire textile value chain, from fibre production to the point of sale. The programme will launch at Heimtextil in Frankfurt in January 2026.

Autoneum and Polestar set new benchmarks for passenger experience and sustainability

As the global market leader in sustainable acoustic and thermal management, Autoneum is a key supplier of interior and exterior components for the highly anticipated Polestar 5 model. The successful collaboration between Autoneum and Polestar marks a significant milestone in sustainable automotive engineering: the electric grand tourer sports car features several innovations in lightweight, fully recyclable polyester-based components that ensure a superior driving experience. Polestar 5 was revealed at the IAA Mobility 2025 in Munich and is available in 24 markets.

Cashmere producers stress the importance of The Good Cashmere Standard®

At the invitation of the Aid by Trade Foundation (AbTF), over 70 experts from the cashmere production and supply chain, as well as other specialists, met at the GCS Unit Meeting in Shanghai, China to discuss the progress and new objectives of The Good Cashmere Standard (GCS). The meeting focused on implementation and verification of the standard, important aspects of animal welfare and the importance of the standard in the global textile market.