Industry News
Gildan reports record 2021 results G
ildan Activewear has announced its full year results ending January 2 with sales totalling $2.9 million. Gildan’s 2021 sales are up 48% compared to 2020 and up 3.5% compared to 2019, surpassing pre-pandemic levels. Glenn J. Chamandy, president and CEO
of Gildan, said: “I am extremely proud of our team’s performance in 2021 which allowed us to capitalise on improving demand and deliver meaningful benefits from our Back to Basics strategy. We ended the year with a strong finish, growing above pre-pandemic levels and setting record results to build on.
Gildan appoints new board member Gildan has appointed Dhaval Buch to the company’s board
of directors.
With the appointment of Mr Buch, the company’s board now comprises 11 members. He will serve on the board’s corporate governance and social responsibility committee. Gildan’s board chairman, Donald C. Berg, said: “Dhaval is an accomplished business leader and his international expertise in supply chain operations and extensive knowledge in sustainable sourcing makes him an ideal addition to our board. “We welcome Dhaval and look forward to his insights as we execute on the next phase of the company’s growth.”
Dhaval Buch
Mr Buch is currently a senior advisor for Blackstone Private Equity, a leading global investment business and to the Mahindra Group, a large India-headquartered multinational with interests in automobile, farm and finance industries. Prior to this, Mr Buch had a 35-year career as a business leader with Unilever where he last served as the global chief procurement officer for the company.
T E
“As we look to 2022 and beyond, we are building on our Back to Basics principles and heightening our focus towards the next phase of our journey with our Gildan Sustainable Growth plan centred on three key pillars – Enabling growth through Capacity Expansion, Innovation and ESG. By leveraging our competitive advantage as a low-cost vertically integrated manufacturer and executing on projected capacity expansion plans, delivering superior quality, value-driven and innovative products to our customers, and leveraging our strong ESG standing, we are confident that we can drive strong organic revenue growth, profitability and effective asset utilisation to deliver strong shareholder value and make meaningful advancements on our ESG priorities.”
For the fourth quarter, Gildan generated record sales of $784m, up 14% over the prior year and 19% above the fourth quarter of 2019.
Over the next three years Gildan aims to grow its net sales by a further 7 to 10%.
GMG Academy introduces colour management workshops
he experienced coaches at the GMG Academy have restructured their workshops to target less
qualified operators.
Clemens Graf has held many workshops himself and said: “Especially when you are new to the subject of proofing and colour management, you want to rethink existing processes and explore ways to improve and develop those further. In this situation, it is incredibly valuable to see how others
work. That way, you can take the best practices that fit your circumstances.” The GMG Academy offer is now divided into two categories: the fundamentals of proofing and colour management on one hand, and profiling expert knowledge on the other. As a result, both categories benefit from an even broader knowledge transfer. The participants work in direct exchange on real projects. The personal interaction combines different experiences and use cases –
and these new impulses are expressly desired. For example, when packaging and commercial printing projects are discussed together, both sides can learn and benefit from each other.
The GMG Academy workshops are offered in both German and English. Face-to-face workshops will take place again from May 2022. In addition to the fixed dates, it is also possible to book individual workshops.
World’s first closed loop blank apparel line launched
verywhere Apparel has launched the world’s first closed loop blank apparel line made of 100% GRS-certified recycled cotton. All other recycled blank apparel companies offer microplastic shedding blends made from contaminated plastic bottle derived recycled polyester or recycled cotton that’s not really recycled by the FTC Green Guide definition. Everywhere’s ‘really recycled’ closed loop GRS-certified recycled cotton offerings stand alone in creating no microplastics. Further, each shirt is equipped with QR
www.printwearandpromotion.co.uk
codes enabling customers to receive a free mailer and send apparel back for recycling into new products. For companies looking to improve their sustainability and circularity profile, adopting this closed loop system as a white labelled solution is as simple as purchasing Everywhere Apparel blank garments and requires no additional client investment or setup.
Irys Kornbluth, co-CEO at Everywhere Apparel, said: “Everywhere Apparel exists to create maximum positive impact for the environment, which is why we chose to open source our closed loop system
free of charge and make the technology available to anyone interested. “By launching with a focus on the blank apparel industry we ensure this innovative approach to sustainability has the broadest possible reach.”
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