The LYCRA Company, a global leader in developing sustainable and innovative fiber and technology solutions for the apparel and personal care industries, today announced the publication of its first annual Planet Agenda Update. Visitors to the company’s website may download the entire update or the abridged 2030 Goals and Commitments section.

The Planet Agenda Update is named for The LYCRA Company’s sustainability framework that was established in 2008. It has three pillars that touch every aspect of its business: corporate responsibility, product sustainability, and manufacturing excellence. The sustainability goals outlined in these documents are organized around these pillars, include 2030 targets (unless otherwise noted), and provide 2021 baseline performance.

“We believe in transparency and think it’s important to have a clear sustainability roadmap to guide our business into the future – a bold plan that fully supports our customers and stakeholders,” said Julien Born, chief executive officer of The LYCRA Company. “In support of this plan, we have signed the Science Based Targets initiative (SBTi) Call-to-Action Commitment Letter, a testament to our company’s focus on lowering emissions and environmental impact. I’m proud of our teams’ work to advance our sustainability efforts and develop our 2030 goals as we work toward our 2050 net zero commitment.”

This update also outlines how the company’s sustainability goals align with five of the United Nations Sustainable Development Goals (SDGs), and reports on its progress made thus far in reaching its objectives.

“We have a long legacy as an industry leader known for investing in developing sustainable fibers and collaborating across the value chain,” said Jean Hegedus, sustainability director at The LYCRA Company. “As we created our 2030 goals, we researched our customers’ goals to ensure that our goals supported them, which inspired the update’s theme of ‘What moves you… is what moves us.'”

The LYCRA Company is an innovation-driven organization that began offering COOLMAX® EcoMade fiber in 2008 and has since extended its recycled product line to include fiber branded under LYCRA®, LYCRA® T400®, and THERMOLITE®. It also produces LYCRA® XTRA LIFE™ brand fibers for stretch apparel that delivers lasting shape and fit. Extending garment life with durable fibers reduces the environmental impact of garments and helps keep them out of landfills. The company recently announced an agreement with Qore® LLC to use QIRA® for bio-derived LYCRA® fiber at scale.

“Our industry-leading research and development team is creating the next generation of sustainable offerings for apparel and personal care products right now. We can’t wait to share what’s next,” Born added.

LYCRA®, LYCRA® T400®, COOLMAX®, THERMOLITE®, and XTRA LIFE™ are trademarks of The LYCRA Company. Qore® LLC and QIRA® are trademarks of Qore® LLC.

ECH is a subsidiary company of the Cotton & Textile Industries Holding Company (CTIHC) –
followed by the Ministry of Public Business Sector. Egypt’s first public sector factories &
companies were established in the 1920s. This then grew to a total of thirty-three factories.
Each factory has a rich history and deep heritage, with more than a century of textile
experience.

These factories have been merged into nine companies located across Egypt. ECH is the
marketing and sales arm of CTIHC. The company manufacture a wide range of products
covering everything from yarns to finished garments including medical cotton. Furthermore, it also owns two different brands NIT and MEHALLA to serve the wide range of customers with a variety of products.

The ITMF founded in 1904 is the international forum of the global textile value chain from
fiber to finished products. Its members are from textile and apparel-producing countries
representing approximately 90% of global production.

“By joining ITMF, Egyptian Cotton Hub (ECH) will join associations and companies from around the world that are active along the entire textile value chain. In today’s interconnected and fast-changing world ITMF’s unique international platform helps producers of fibres, textiles, garments, home textiles, textile machines, or textile chemicals as well as other organizations and companies affiliated with the textile industry to connect with people and companies alike. Such an exposure to industry peers helps to better understand the underlying dynamics in the industry and identify both challenges and opportunities. On the other hand, ITMF and all ITMF members will benefit from ECH’s unique expertise and experience both in Egypt and the region as well as around the world. The ITMF Annual Conference 2022 which was held in September 2022 in Davos, Switzerland, proved once more the importance of in-person meetings”, stated Dr. Christian Schindler, Director General of ITMF.

Mr. Khaled Raafat, Executive General Manager of Egyptian Cotton Hub, said that: “In the
last 20 years the world has become ever more complex and intertwined. Despite all the very useful digital tools which have emerged during the pandemic, we have also realized how important personal relations are. The ITMF offers an extraordinary platform for companies from around the world to connect with and to learn from each other. In addition, ITMF produces a wide range of informative publications, statistics, and surveys that help companies to better navigate through the ups and downs. ECH looks forward to being an active partner of ITMF.”

Information about Egyptian Cotton Hub (ECH): www.ech-eg.com
Information about ITMF: www.itmf.org