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16.03.2021

Change in the Board of Directors of Rieter Holding AG

  • Michael Pieper is not standing for re-election
  • Stefaan Haspeslagh will be proposed for election to the Board of Directors at the Annual General Meeting
  • The change is related to the transfer of the shareholding of Artemis Beteiligungen I AG to Picanol Group

Michael Pieper, a member of the Board of Directors of Rieter Holding AG since 2009, has informed Rieter that Artemis Beteiligungen I AG has sold its 11.5% block of shares to the Picanol Group (Picanol NV), Belgium, and that he thus will not stand for re-election at the Annual General Meeting on April 15, 2021.

Michael Pieper has supported and helped to significantly shape the development of Rieter for more than ten years. He joined Rieter as a major shareholder in 2008, and since then has been strongly involved in the strategic realignment of the group.

  • Michael Pieper is not standing for re-election
  • Stefaan Haspeslagh will be proposed for election to the Board of Directors at the Annual General Meeting
  • The change is related to the transfer of the shareholding of Artemis Beteiligungen I AG to Picanol Group

Michael Pieper, a member of the Board of Directors of Rieter Holding AG since 2009, has informed Rieter that Artemis Beteiligungen I AG has sold its 11.5% block of shares to the Picanol Group (Picanol NV), Belgium, and that he thus will not stand for re-election at the Annual General Meeting on April 15, 2021.

Michael Pieper has supported and helped to significantly shape the development of Rieter for more than ten years. He joined Rieter as a major shareholder in 2008, and since then has been strongly involved in the strategic realignment of the group.

“On behalf of the Rieter Group, I extend our sincere gratitude to Michael Pieper for his extremely successful and valuable work on the Board of Directors and, above all, for his commitment as a long-term major shareholder,” said Bernhard Jucker, Chairman of the Board of Directors of Rieter Holding AG.

The Board of Directors of Rieter Holding AG today announced its intention to propose Stefaan Haspeslagh for election to the Board of Directors at the Annual General Meeting on April 15, 2021.
Stefaan Haspeslagh (born 1958) holds a Master’s degree in Applied Economics from the University of Antwerp, Belgium. He has been Chairman of the Board of Directors and Chief Financial Officer of the Picanol Group (Picanol NV), Belgium, since 2010. In addition, Stefaan Haspeslagh has also been Chairman of the Board of Directors, Chief Operating Officer and Chief Financial Officer of the Tessenderlo Group NV, Belgium, since 2014. As a director of Cellpack NV, Belgium, he has been in office since 2001.

“Rieter welcomes the new major shareholder, Picanol NV. Luc Tack, majority shareholder and CEO of Picanol, has been a member of the Board of Directors of Rieter for four years. Stefaan Haspeslagh is characterized by broad, international management experience in the textile sector and is very well connected in the industry”, stated Bernhard Jucker, Chairman of the Board of Directors.

All other current members of the Board of Directors will stand for reelection at the Annual General Meeting.

Source:

Rieter Holding AG

Mostafiz Uddin Wins Coveted Drapers Sustainable Fashion Champion Award (c) Denim Expert Limited
Mostafiz Uddin
10.03.2021

Mostafiz Uddin Wins Coveted Drapers Sustainable Fashion Champion Award

  • Mostafiz Uddin, Managing Director of Denim Expert Limited and Founder of Bangladesh Apparel Exchange (BAE) has won Sustainable Fashion Champion at the Drapers Sustainable Fashion Awards 2021, which took place virtually on 10 March.

On receiving the award, Mostafiz said he wants to be a game-changer in the apparel industry, leading by example to inspire others to behave responsibly and ethically.

He also dedicated the award to H&M which, he explained, supported his business, Denim Expert, through the pandemic by continuing to place orders He said the loyal support of the Swedish fashion giant almost certainly helped save the livelihoods of 2000 workers at his factory and their 10000 family members. “That’s true sustainability leadership,” he said.

The Drapers Sustainable Fashion Awards recognise steps being made in reducing the fashion industry’s environmental impact and creating fairer working conditions across the supply chain.
Judged by an independent panel of sustainability and fashion retail experts, the awards shine a spotlight on best practice within the global fashion industry.

  • Mostafiz Uddin, Managing Director of Denim Expert Limited and Founder of Bangladesh Apparel Exchange (BAE) has won Sustainable Fashion Champion at the Drapers Sustainable Fashion Awards 2021, which took place virtually on 10 March.

On receiving the award, Mostafiz said he wants to be a game-changer in the apparel industry, leading by example to inspire others to behave responsibly and ethically.

He also dedicated the award to H&M which, he explained, supported his business, Denim Expert, through the pandemic by continuing to place orders He said the loyal support of the Swedish fashion giant almost certainly helped save the livelihoods of 2000 workers at his factory and their 10000 family members. “That’s true sustainability leadership,” he said.

The Drapers Sustainable Fashion Awards recognise steps being made in reducing the fashion industry’s environmental impact and creating fairer working conditions across the supply chain.
Judged by an independent panel of sustainability and fashion retail experts, the awards shine a spotlight on best practice within the global fashion industry.

Covid-19 has presented unforeseen challenges for fashion retailers and brands, but it has also given us all an opportunity to build back better. Forward-thinking fashion businesses know change is not optional, and are embracing their responsibilities and ability to make a difference.

Mostafiz Uddin has been recognised as the Sustainable Fashion Champion 2021 for setting examples in promoting sustainability during the Covid-19 pandemic which broke out worldwide in March last year.
Jill Geoghegan, Acting Editor of Drapers, said: “Despite the challenges thrown up by the Coronavirus pandemic, fashion brands and retailers increasingly recognise that sustainability is a business imperative.”  
“Many businesses continued to invest in cleaning up their supply chains and introducing new models of working, despite the unprecedented trading conditions.

“The Drapers Sustainable Fashion Awards highlight and celebrate these advancements, paving the way for a more responsible future for the industry.” Managing Director of Denim Expert Limited Mostafiz Uddin said: “In the pandemic, my factory Denim Expert Limited kept true to its commitment towards sustainability, despite an extremely difficult trading landscape.

“During the pandemic, I was vocal about the issue of buyer-supplier relationships and, in speaking out, I wanted to champion the cause of suppliers all over the world. Too often suppliers in garment supply chains do not have a voice because they fear that by speaking out, they will be treated unfavourably by brands.

“This was, of course, a risk on my own part but I like to think I stood up for what I think is right and ultimately, I believe progressive brands understood I was coming from a good place. Like them, all I want to see is a fair, ethical and sustainable industry where brands and retailers work in an environment of collaboration, not conflict.”

Mostafiz also had some special praise for H&M. He said: “It would have not been possible for me to support my workers during the pandemic, had my factory not received help from H&M during the unprecedented time. While Denim Expert suffered from huge orders cancellation and orders hold, H&M supported us by placing orders in the pandemic that saved thousands of lives and livelihoods. Therefore, I would like to dedicate this Award to H&M and its CEO Helena Helmersson.”

The judges of Drapers Sustainable Fashion Champion Award 2021 have been Kerry Bannigan, Founder, Conscious Fashion Campaign; Sarah Ditty, Global Policy Director, Fashion Revolution; Miriam Lahage, Founder, Aequip; Samata Pattinson, CEO, Red Carpet Green Dress; Caroline Rush, Chief Executive Officer, British Fashion Council; Lucy Shea, Group CEO, Futerra; Jane Shepherdson, Chairman, My Wardrobe HQ; and Dilys Williams, Director, Centre for Sustainable Fashion.

DEVAN’s natural allergen control technology effective against pollen as well (c) Devan Chemicals NV
pollen allergy
09.03.2021

DEVAN’s natural allergen control technology effective against pollen as well

With the pollen season starting, new independent test results by the German external laboratory BMA-Labor have shown Purissimo’s™ effectiveness against pollen, making it an all-in-one solution for reducing allergens.

Devan’s allergen control technology, known as Purissimo™, has been found effective against allergens from pollen. The technology had already been proven to significantly reduce the amount of allergens from house dust mites and pets (cats & dogs).

“Allergens are small protein molecules, which can cause allergic reactions and asthma. All allergy sufferers are different when it comes to their sensitivity to allergens”, says Sofie Depluverez, PhD researcher at Devan. “However, few people are only allergic to a single allergen – and the effects of multiple allergens can add up. The key to reducing and even eliminating symptoms is to reduce your exposure to the allergens themselves.”

With the pollen season starting, new independent test results by the German external laboratory BMA-Labor have shown Purissimo’s™ effectiveness against pollen, making it an all-in-one solution for reducing allergens.

Devan’s allergen control technology, known as Purissimo™, has been found effective against allergens from pollen. The technology had already been proven to significantly reduce the amount of allergens from house dust mites and pets (cats & dogs).

“Allergens are small protein molecules, which can cause allergic reactions and asthma. All allergy sufferers are different when it comes to their sensitivity to allergens”, says Sofie Depluverez, PhD researcher at Devan. “However, few people are only allergic to a single allergen – and the effects of multiple allergens can add up. The key to reducing and even eliminating symptoms is to reduce your exposure to the allergens themselves.”

Allergy threshold
When people move into a house or bring in a new dog, the number of allergens starts to rise. In the beginning there are little to none, so the allergy threshold causing symptoms is far from being reached. Nobody is suffering any reaction at this stage.

“As time goes by, the various allergens start to build up inside the house, certainly when ventilation is limited”, Depluverez continues. “As the allergen concentration increases (especially in combination with seasonal allergens such as pollen), the allergy threshold may be reached if no allergen reduction measures are in place.”

Purissimo™
Purissimo™ is a natural allergen control technology that significantly reduces allergens from pet dander, dust mites and pollen in textiles throughout the home. The technology is based on encapsulated probiotics, which are naturally occurring microorganisms similar in kind to those you can find in probiotic yogurt, tempeh, kombucha.

Inactive probiotics (spores) are encapsulated and integrated onto the textiles. Friction opens the microcapsules and releases the spores. The spores absorb humidity and self-activate. They are transformed into probiotic bacteria that start to consume the allergens.

“As the probiotics consume the allergens, exposure is gradually reduced to below threshold levels”, Depluverez adds. “Therefore, individuals with respiratory allergies will be exposed to fewer ‘attacks’ and perceive a better well-being.”

Source:

Marketing Solutions NV

Benoit Moutault, new Leader of Business Field Textile at the CHT Group (c) CHT Gruppe
Benoit Moutault, new Leader of Business Field Textile at the CHT Group
09.02.2021

Benoit Moutault, new Leader of Business Field Textile at the CHT Group

  • As of 1st February, 2021, Benoit Moutault has resumed the position as Group Vice President Business Field Textile (Auxiliaries and Dyestuffs) from Ralf Kattanek.

He reports to the CEO of the CHT Group, Dr. Frank Naumann, Chairman of the Board. Benoit is a French citizen, 45 years old, and has been working at CHT since 2014. He is experienced in various leadership positions within the global market of textile chemicals.

Dr. Frank Naumann: "We are very happy to continue our successful cooperation with Benoit. He takes over a highly important and strategic role for the CHT Group."

  • As of 1st February, 2021, Benoit Moutault has resumed the position as Group Vice President Business Field Textile (Auxiliaries and Dyestuffs) from Ralf Kattanek.

He reports to the CEO of the CHT Group, Dr. Frank Naumann, Chairman of the Board. Benoit is a French citizen, 45 years old, and has been working at CHT since 2014. He is experienced in various leadership positions within the global market of textile chemicals.

Dr. Frank Naumann: "We are very happy to continue our successful cooperation with Benoit. He takes over a highly important and strategic role for the CHT Group."

Source:

CHT Gruppe

02.02.2021

VDMA continues technology webtalks

  • Webtalk on material efficiency and recycling for the manmade fiber industry

 
The next VDMA technology webtalk is scheduled for 9th February 2021 (2-4 pm CET). The focus will be on "Material efficiency & recycling technologies for the manmade fiber industry".

The presenters and their topics at a glance:

  • Webtalk on material efficiency and recycling for the manmade fiber industry

 
The next VDMA technology webtalk is scheduled for 9th February 2021 (2-4 pm CET). The focus will be on "Material efficiency & recycling technologies for the manmade fiber industry".

The presenters and their topics at a glance:

  • Manfred Dobersberger, PureLoop and Wolfgang Hermann, EREMA Engineering Recycling Maschinen und Anlagen will present an integrated shredder extrusion technology for fibrous, textiles scraps, multilayers, films, trays, straps, foam, trays but also polymer mix materials from textiles and even classical thermoplastic composite materials.
  • Axel Hannemann, company Gneuss, offers recycling solutions which enable the fibre manufacturer to use their otherwise worthless fibre waste to substitute virgin material in the manufacture of high-quality fibres.
  • Markus Reichwein, Oerlikon Manmade Fibers: “We at Oerlikon Manmade Fibers describe a cascaded approach into new technologies as well as different material sources outlining your need for versatile solutions.”

After the presentations, the experts will be available to answer the participants' questions. Registration is possible.

Source:

VDMA e.V. Textilmaschinen

ITM of TU Dresden – your research partner in the field of virtual product development at ISPO Munich © ITM/TU Dresden
Draping properties - variety of materials
01.02.2021

ITM presents itself for the first time at ISPO Munich Online 2021

  • ITM of TU Dresden – your research partner in the field of virtual product development at ISPO Munich
  • ISPO Munich Online 2021 – the world´s leading sports business platform from February 1st to 5th 2021

The Chair of Assembly Technology for Textile Products of ITM presents itself for the first time at ISPO Munich Online 2021 – showcasing its expertise in the field of virtual product development. Its know-how in the determination of material parameters, digital data processing, and data transfer will be presented as well as its competencies in 3D/4D body shape recording via scanning, data animation for the 3D product development for functional clothing, and simulation for wear comfort/usage visualization. The Chair of Assembly Technology for Textile Products of ITM has manifested its leading global position in the virtual product development sector by successfully completing a variety of national and international interdisciplinary research projects.

  • ITM of TU Dresden – your research partner in the field of virtual product development at ISPO Munich
  • ISPO Munich Online 2021 – the world´s leading sports business platform from February 1st to 5th 2021

The Chair of Assembly Technology for Textile Products of ITM presents itself for the first time at ISPO Munich Online 2021 – showcasing its expertise in the field of virtual product development. Its know-how in the determination of material parameters, digital data processing, and data transfer will be presented as well as its competencies in 3D/4D body shape recording via scanning, data animation for the 3D product development for functional clothing, and simulation for wear comfort/usage visualization. The Chair of Assembly Technology for Textile Products of ITM has manifested its leading global position in the virtual product development sector by successfully completing a variety of national and international interdisciplinary research projects.

Researchers of the Chair of Assembly Technology for Textile Products have been actively involved in the preparation and digital representation of material samples for the ISPO Textrends Forum. Thus, the material parameters of the ISPO Textrends Award textiles were determined for 3D fit simulations in Vidya (Assyst/Vizoo), automatically analyzed, and digitally processed by the specially developed "Material Analyzer" software. This software in addition to other state-of-the-art CAE infrastructure, such as the recently installed 4D Scanner Move4D, are essential for the further establishment and promotion of its leading position in the field of digitalization and virtual product development for garments for high-tech applications.

The researchers involved eagerly await future collaborations in this promising field of research. This pilot project presented at ISPO 2021 was coordinated by the company FOURSOURCE Group GmbH, thus enabling the characterization and 3D visualization of the award-winning materials that are presented to all visitors at ISPO 2021.

01.02.2021

PCMC names Andy Piotter as Business Development Manager, Packaging Systems

Paper Converting Machine Company (PCMC) is pleased to announce that Andy Piotter has accepted the position of Business Development Manager, Packaging Systems.

In this role, Piotter will develop the company’s new packaging systems division, which will specialize in creating dynamic, comprehensive and efficient tissue packaging systems for customers around the world.

Piotter brings more than 35 years of experience in developing complete packaging systems for a variety of industries. He joins PCMC after being extensively involved in engineering, sales, and business management and development.

“Andy’s expertise and customer relationships are exactly what PCMC needs as we launch this new business segment,” said Jason Hilsberg, Tissue Sales Director for PCMC. “Creating comprehensive, effective and thoughtful packaging systems requires a unique understanding of technology, capital equipment and the ever-changing tissue environment—and Andy brings all of that, in addition to a passion for customer service. We’re thrilled to have him join our team.”

Paper Converting Machine Company (PCMC) is pleased to announce that Andy Piotter has accepted the position of Business Development Manager, Packaging Systems.

In this role, Piotter will develop the company’s new packaging systems division, which will specialize in creating dynamic, comprehensive and efficient tissue packaging systems for customers around the world.

Piotter brings more than 35 years of experience in developing complete packaging systems for a variety of industries. He joins PCMC after being extensively involved in engineering, sales, and business management and development.

“Andy’s expertise and customer relationships are exactly what PCMC needs as we launch this new business segment,” said Jason Hilsberg, Tissue Sales Director for PCMC. “Creating comprehensive, effective and thoughtful packaging systems requires a unique understanding of technology, capital equipment and the ever-changing tissue environment—and Andy brings all of that, in addition to a passion for customer service. We’re thrilled to have him join our team.”

Digital technologies the key to success for eye-catching fashion label DushaGreya by Natalia Dushagreya (c) DushaGreya
DushaGreya’s eye-catching pieces are a regular at both Russian and international fashion shows.
28.01.2021

DushaGreya: Digital technologies the key to success

  • DushaGreya is a well-known brand from talented Moscow-based designer, Natalia Dushagreya, who puts her all into her unique creations.

Combining her outstanding creativity with cutting-edge digital printing technology, Natalia has been delighting women with eye-catching, comfortable clothes, which boast unparalleled individuality and vivacity for several years. “The quality of digital prints surpasses that of traditional fabrics, both in the variety of colour compositions and in the contrast and clarity when printing small details or complex geometric elements. Digital technology makes it possible to achieve exceptionally smooth colour transitions, which is almost unattainable when using analogue printing methods. As a designer, I make sure to fully leverage the advantages of digital printing when designing and producing my collection”, says Natalia.

  • DushaGreya is a well-known brand from talented Moscow-based designer, Natalia Dushagreya, who puts her all into her unique creations.

Combining her outstanding creativity with cutting-edge digital printing technology, Natalia has been delighting women with eye-catching, comfortable clothes, which boast unparalleled individuality and vivacity for several years. “The quality of digital prints surpasses that of traditional fabrics, both in the variety of colour compositions and in the contrast and clarity when printing small details or complex geometric elements. Digital technology makes it possible to achieve exceptionally smooth colour transitions, which is almost unattainable when using analogue printing methods. As a designer, I make sure to fully leverage the advantages of digital printing when designing and producing my collection”, says Natalia.

By the time the DushaGreya brand begun, Natalia and her like-minded associate and father, Alexander Kordovatov, already had experience in the field of sublimation printing and knew that printing on fabric for subsequent tailoring would be carried out using this technology. However, no third-party performers could be found that would meet the quality and deadline requirements of the brand, so they decided to purchase new equipment and start printing at their own site. 

Alexander says. “We also found out that Smart-T (Mimaki's distributor in Russia), the supplier of this equipment in Moscow, is highly rated by the industry community and customers due to its professional expertise, first-line service support, and highly qualified engineers.” At the end of 2019, Smart-T installed the highly anticipated Mimaki Tx300P-1800 direct textile printer at the DushaGreya facility. Today it prints fabrics for dresses, skirts, T-shirts, fleeces, jumpers, hoodies, trench coats, and other midwear.

"Mimaki Tx300P-1800 is the only printer in the Mimaki line that allows us to print on natural fabrics without pre-processing,” Alexander comments. “This gives us the ability to produce short, original print runs at no extra cost, which is vital in achieving our goals. The TP400 pigment inks used in this printer have an expanded colour gamut, so the prints are always bright and saturated.”

21.01.2021

NCTO welcomes President Biden’s action plan and Covid-19 Response

National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement today welcoming President Biden’s action plan and COVID-19 response, accompanied by a series of executive orders, including an order signed today to strengthen U.S. supply chains by directing federal agencies to use the Defense Production Act (DPA) to address shortages of personal protective equipment (PPE) and related vaccine supplies.

“We are closely reviewing President Biden’s national strategic plan to confront the pandemic and welcome the executive order signed today to strengthen our supply chains by directing all federal agencies to use the Defense Production Act to address shortages of personal protective equipment, vaccine supplies and essential products. These are important steps that will help ramp up critical manufacturing of these essential PPE products and other critically needed supplies like tests and vaccines.”

National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement today welcoming President Biden’s action plan and COVID-19 response, accompanied by a series of executive orders, including an order signed today to strengthen U.S. supply chains by directing federal agencies to use the Defense Production Act (DPA) to address shortages of personal protective equipment (PPE) and related vaccine supplies.

“We are closely reviewing President Biden’s national strategic plan to confront the pandemic and welcome the executive order signed today to strengthen our supply chains by directing all federal agencies to use the Defense Production Act to address shortages of personal protective equipment, vaccine supplies and essential products. These are important steps that will help ramp up critical manufacturing of these essential PPE products and other critically needed supplies like tests and vaccines.”

American manufacturers have been at the forefront of the effort to build a domestic PPE supply chain since the onset of the COVID-19 pandemic. The U.S. textile industry retooled production and operations virtually overnight, producing millions of face masks, isolation gowns, testing swabs and other critical medical textiles.

The industry is dedicated to making significant investments in automated equipment for PPE, but the industry needs long-term, multiyear contracts to help realize that investment.

The deployment of DPA is one of the critical tools that will help incentivize investment in equipment, propel the hiring of U.S. workers and expand these critical production chains.

Since its inception, the DPA has been utilized by the Department of Defense to make critical investments in domestic textile manufacturing infrastructure and capacity, creating private-public partnerships through the government’s capital investments under the DPA and guaranteeing purchases through long-term contracts.  

NCTO applaud President Biden’s action and anticipate further steps including a reported order that will seek to strengthen government procurement of U.S. products in the coming days. NCTO appreciate President Biden outlining the “National Strategy for the COVID-19 Response and Pandemic Preparedness” a series of actions and steps the administration will undertake to deploy and manufacture the vaccine and other essential products.

Source:

National Council of Textile Organizations

21.01.2021

Autoneum: Revenue development and personnel changes

Reflecting the pandemic-related drop in worldwide vehicle production, Autoneum’s revenue in local currencies fell by –18.7% in 2020, although the second half of the year saw a significant market recovery. Group revenue in Swiss francs fell by –24.2% year-on-year to CHF 1 740.6 million. For the full year 2020, the EBIT margin will be around 1.5% and the free cash flow slightly over CHF 100 million.
At the Annual General Meeting on March 25, 2021, the Board of Directors will propose Liane Hirner and Oliver Streuli for election to the Board of Directors of Autoneum Holding. Peter Spuhler will not stand for re-election.

Reflecting the pandemic-related drop in worldwide vehicle production, Autoneum’s revenue in local currencies fell by –18.7% in 2020, although the second half of the year saw a significant market recovery. Group revenue in Swiss francs fell by –24.2% year-on-year to CHF 1 740.6 million. For the full year 2020, the EBIT margin will be around 1.5% and the free cash flow slightly over CHF 100 million.
At the Annual General Meeting on March 25, 2021, the Board of Directors will propose Liane Hirner and Oliver Streuli for election to the Board of Directors of Autoneum Holding. Peter Spuhler will not stand for re-election.

At 74.5 million, the number of light vehicles produced globally in 2020 was down –16.2% compared to the previous year, where around 89 million vehicles were manufactured. Autoneum’s revenue in local currencies decreased by –18.7% in 2020, pretty much in line with the negative market dynamics. The somewhat stronger decline of revenue compared to the market results from a lower share of Asia in Autoneum's total revenue. Impacted by the appreciation of the Swiss franc against the most important currencies for Autoneum, the consolidated revenue dropped in 2020 by –24.2% to CHF 1 740.6 million. The heterogeneous development of the first and second half of the year was characteristic for the pandemic-driven automotive year 2020. Worldwide lockdowns and production stoppages at vehicle manufacturers led to a market slump in the first six months and a corresponding loss in revenue for Autoneum. Thanks to the subsequent market recovery and catch-up effects in the second half of the year, revenue improved considerably compared to the first half of the year.

Revenue development in Asia and SAMEA region significantly better than market
While revenues in local currencies of the highest-volume Business Groups Europe and North America decreased by –25.6% and –19.3% respectively, reflecting the regional, pandemic-driven market development (Europe: –22.9%; North America: –20.1%), Business Group Asia almost held its prior-year level with an organic decline of only –2.1% in 2020 thanks to the strong upturn in automobile production in China in the second half of the year and despite the fact that the number of vehicles produced in Asia fell by –11.4%.*

Personnel changes to the Board of Directors
At the Annual General Meeting on March 25, 2021, the Board of Directors of Autoneum Holding will propose Liane Hirner and Oliver Streuli for election as new members of the Board of Directors.
Liane Hirner has been CFO and member of the Management Board of Vienna Insurance Group, based in Vienna, Austria, since 2018.*

Oliver Streuli, a Swiss national, has been CEO of PCS Holding, based in Frauenfeld (Canton Thurgau), Switzerland, since 2019.*

Peter Spuhler has been a member of the Board of Directors of Autoneum since 2011 and will not stand for re-election at the Annual General Meeting on March 25, 2021.*

 

*See attached document for further informationen

Source:

Autoneum Management AG

DIGEL AG: Neuer Head of Sportswear (c) DIGEL AG
Thomas Beller
07.01.2021

DIGEL AG: New Head of Sportswear

Since 1 January 2021, Thomas Beller has been responsible for the sportswear division of the Digel brand in the newly created position of HEAD OF SPORTSWEAR.

Thomas Beller was responsible for the sportswear of the Strellson brand for many years.
Most recently, he was responsible for the product and design of the Navy Boot brand.

"We are pleased that we have been able to win Thomas Beller, an experienced leader in the field of product and design, for the Digel brand. With his expertise, Mr Beller will help us to successfully implement the growth strategy for the Digel brand," says Marc Svojanovsky, Board Member for Product, Marketing and Sales.

Ralf Kammerer will continue to be responsible for formal wear at Digel as HEAD OF FORMALWEAR. Both report directly to the board member Marc Svojanovsky.

Since 1 January 2021, Thomas Beller has been responsible for the sportswear division of the Digel brand in the newly created position of HEAD OF SPORTSWEAR.

Thomas Beller was responsible for the sportswear of the Strellson brand for many years.
Most recently, he was responsible for the product and design of the Navy Boot brand.

"We are pleased that we have been able to win Thomas Beller, an experienced leader in the field of product and design, for the Digel brand. With his expertise, Mr Beller will help us to successfully implement the growth strategy for the Digel brand," says Marc Svojanovsky, Board Member for Product, Marketing and Sales.

Ralf Kammerer will continue to be responsible for formal wear at Digel as HEAD OF FORMALWEAR. Both report directly to the board member Marc Svojanovsky.

More information:
Digel AG Sportswear
Source:

DIGEL AG

75 Years Hohenstein - Successful Roots worldwide © Hohenstein
Today, at its headquarters in Bönnigheim, Germany, Hohenstein has expanded as a versatile service provider beyond the castle with modern lab buildings.
04.01.2021

75 Years Hohenstein - Successful Roots worldwide

BÖNNIGHEIM - Textile testing and research partner Hohenstein has reason to celebrate: this year marks the company’s 75th anniversary. Now in its third generation of family ownership, the company will spend this landmark year expanding its foundation for the future. Owner Prof. Dr. Stefan Mecheels is proud: "Our motto, We live textiles, expresses exactly what has made us special for many decades - our collective enthusiasm for textiles and the opportunity to provide solutions that make a difference in the world.”

Successful Roots

BÖNNIGHEIM - Textile testing and research partner Hohenstein has reason to celebrate: this year marks the company’s 75th anniversary. Now in its third generation of family ownership, the company will spend this landmark year expanding its foundation for the future. Owner Prof. Dr. Stefan Mecheels is proud: "Our motto, We live textiles, expresses exactly what has made us special for many decades - our collective enthusiasm for textiles and the opportunity to provide solutions that make a difference in the world.”

Successful Roots

Prof. Dr.-Ing. Otto Mecheels laid the foundation for an internationally-renowned company in 1946 when he founded the Hohenstein Institutes, a textile school in Hohenstein Castle. His son, Prof. Dr. rer. nat. Jürgen Mecheels modernized the Hohenstein Group’s business structures and expanded into new research and service areas such as textile finishing or professional laundries/dry cleaning. He helped to forever change textile safety with the STANDARD 100 by OEKO-TEX® certification system that protects consumers from harmful substances. Under Prof. Dr. Stefan Mecheels’ leadership since 1995, Hohenstein has been at the forefront of microfiber analysis, consistently perfected its created standards for comfort and compression testing and worked to reduce the industry’s ecological impact. Last but not least, the testing laboratory in Hong Kong, which has been in operation since 2011, and the Hohenstein textile testing laboratories in Bangladesh and India, which were opened in 2018, ensure even greater market proximity.

Solutions for the Global Textile Industry

Today, Hohenstein specializes in the testing, certification and research of all kinds of textile-related products. With a total of more than 1,000 employees at its headquarters in Bönnigheim and in more than 40 branches, contact offices and laboratories worldwide, the company faces the current challenges of the global industry.

"Textile sustainability remains a major focus for us and is woven through every decision we make," explains Stefan Mecheels. “Even services that are seemingly focused on innovation contribute somehow to longer lasting products, less waste and more safety. Our Digital Fitting Lab helps brands leap forward with digitized apparel development. Using modern 3D and 4D technologies and our traditional fit and pattern expertise, we help our clients design better fitting clothes with fewer prototypes and less waste.”

When SARS-CoV-2 struck, the company developed a quality label to easily identify non-medical, community masks that meet legal and functional requirements. The Hohenstein Quality Labels are independent proof with a high level of credibility among buyers and consumers.

Anniversary

Among the celebrations, Hohenstein plans to hold a mid-year press conference with regional and industry journalists. "We are celebrating this anniversary because we have succeeded in constantly adapting to the market and use our applied research to anticipate developments. For this I would first like to thank our employees, who, in keeping with the motto We live textiles, put their hearts and souls into their work. A very special thanks also goes to our customers, some of whom have been placing their trust in us for decades," says Stefan Mecheels, adding "I am convinced that we are positioned to continue our contribution in the future.

Christian Straubhaar – New Head of Sales at Rieter Machines & Systems (c) Rieter
Christian Straubhaar
14.12.2020

Christian Straubhaar – New Head of Sales at Rieter Machines & Systems

  • In course of the succession planning, Christian Straubhaar will take on the position as Senior Vice President Sales at Rieter Machines & Systems in Winterthur on January 1, 2021.
  • Straubhaar will succeed Reto Thom who will retire.

Christian Straubhaar holds an Engineering Master’s Degree in Industrial Management from the Swiss Federal Institute of Technology in Zurich (ETH) and is a sales executive with 20 years of extensive experience in the textile industry. Recently, Straubhaar was responsible as Group Sales & Marketing Director at Itema for the world-wide sales of machines and spare parts. Prior, he held various positions in Operations and as Business Unit Head in Itema and other global textile companies.

His professional career shows a solid track record in identifying new market potentials and growing the business for the company. Straubhaar has a longstanding experience in selling to both large and small customers and developing key accounts within our industry.

  • In course of the succession planning, Christian Straubhaar will take on the position as Senior Vice President Sales at Rieter Machines & Systems in Winterthur on January 1, 2021.
  • Straubhaar will succeed Reto Thom who will retire.

Christian Straubhaar holds an Engineering Master’s Degree in Industrial Management from the Swiss Federal Institute of Technology in Zurich (ETH) and is a sales executive with 20 years of extensive experience in the textile industry. Recently, Straubhaar was responsible as Group Sales & Marketing Director at Itema for the world-wide sales of machines and spare parts. Prior, he held various positions in Operations and as Business Unit Head in Itema and other global textile companies.

His professional career shows a solid track record in identifying new market potentials and growing the business for the company. Straubhaar has a longstanding experience in selling to both large and small customers and developing key accounts within our industry.

Reto Thom has very successfully lead the Sales department at Rieter Machines & Systems for many years and made an enormous contribution to the success of the company.

More information:
Christian Straubhaar Rieter
Source:

Rieter Holding AG

10.12.2020

NCTO welcomes Katherine Tai as new U.S. Trade Representative

National Council of Textile Organizations (NCTO) President and CEO Kim Glas, representing the full spectrum of U.S. textiles from fiber through finished sewn products, issued a statement welcoming the reported selection of the House Ways and Means Committee’s Chief Trade Counsel, Katherine Tai, as the next U.S. Trade Representative.

“We applaud President-elect Joe Biden’s expected nomination of the House Ways and Means Committee’s Chief Trade Counsel, Katherine Tai, as the next U.S. Trade Representative. This selection is welcome news to the U.S. textile industry, which has worked closely with Katherine on several critical trade issues over the years.  She is an exceptional candidate to serve as the next USTR, having dedicated her career to enforcing our trade laws, and, most recently, serving as a key lead negotiator in the House securing key improvements in the USMCA agreement.
 
She will be a powerful and thoughtful advocate on behalf of American workers and our environment.  The U.S. textile industry looks forward to working with her on our top trade priorities.”

National Council of Textile Organizations (NCTO) President and CEO Kim Glas, representing the full spectrum of U.S. textiles from fiber through finished sewn products, issued a statement welcoming the reported selection of the House Ways and Means Committee’s Chief Trade Counsel, Katherine Tai, as the next U.S. Trade Representative.

“We applaud President-elect Joe Biden’s expected nomination of the House Ways and Means Committee’s Chief Trade Counsel, Katherine Tai, as the next U.S. Trade Representative. This selection is welcome news to the U.S. textile industry, which has worked closely with Katherine on several critical trade issues over the years.  She is an exceptional candidate to serve as the next USTR, having dedicated her career to enforcing our trade laws, and, most recently, serving as a key lead negotiator in the House securing key improvements in the USMCA agreement.
 
She will be a powerful and thoughtful advocate on behalf of American workers and our environment.  The U.S. textile industry looks forward to working with her on our top trade priorities.”

More information:
NCTO textile industry
Source:

National Council of Textile Organizations

VDMA: Young talents honoured online (c) VDMA
The winners 2020 (from top left to bottom right): Dr. Frederik Cloppenburg, Philippa Böhnke, Juan Carlos Arañó Romero, Dr. Annett Schmieder, Maximilian Speiser, Harry Lucas jun.
03.12.2020

VDMA: Young talents honoured online

In early December, the chairman of the Walter Reiners Foundation of the VDMA Textile Machinery Association, Peter D. Dornier presented awards to six successful young engineers. Due to the Covid-19 pandemic, the award ceremony took place as a web conference for the first time.

Philippa Böhnke, ITM Dresden, and Juan Carlos Arañó Romero, ITA Aachen, were honoured with creativity awards for the cleverest bachelor or project work. The prizes are endowed with 3,000 euros each. Ms. Böhnke’s project dealt with composite implants for the repair and regeneration of bone defects. In his bachelor thesis, Mr. Arañó Romero has developed a spinning machine able to produce yarn with material from the moon. By this, the transport effort in space travel can be minimised, because insulating material for example necessary for a moon base can be produced on the moon directly.

In early December, the chairman of the Walter Reiners Foundation of the VDMA Textile Machinery Association, Peter D. Dornier presented awards to six successful young engineers. Due to the Covid-19 pandemic, the award ceremony took place as a web conference for the first time.

Philippa Böhnke, ITM Dresden, and Juan Carlos Arañó Romero, ITA Aachen, were honoured with creativity awards for the cleverest bachelor or project work. The prizes are endowed with 3,000 euros each. Ms. Böhnke’s project dealt with composite implants for the repair and regeneration of bone defects. In his bachelor thesis, Mr. Arañó Romero has developed a spinning machine able to produce yarn with material from the moon. By this, the transport effort in space travel can be minimised, because insulating material for example necessary for a moon base can be produced on the moon directly.

Harry Lucas, TU Chemnitz, and Maximilian Speiser, Reutlingen University, were awarded two promotion prizes in the category master thesis with prize money of 3,500 euros each. The master thesis of Mr. Lucas deals with the development of a new knitting head for jacquard knitted fabrics, enabling a large variety of colours e.g. in the production of fan scarfs. Mr. Speiser showed in his master thesis a solution for increasing energy efficiency in the nonwovens process.

This year, two promotion prizes of the German Textile Machinery Industry in the dissertation category were awarded to Dr. Frederik Cloppenburg, ITA Aachen, and Dr. Annett Schmieder, TU Chemnitz. In his dissertation Mr. Cloppenburg developed a model for the optimisation of roller cards in the nonwovens process. Ms. Schmieder introduced in her dissertation a damage analysis system for fibre ropes. The system detects when a rope must be replaced e.g. in transport applications.

The award ceremony 2021 shall take place with physical presence again. It is scheduled for early May at the fair Techtextil in Frankfurt.

Source:

VDMA

Frankfurt Fashion Week: hosting the future of fashion © Lottermann and Fuentes
Anita Tillmann and Detlef Braun
02.12.2020

Frankfurt Fashion Week: hosting the future of fashion

  • Looking to the future – Frankfurt Fashion Week is positioning itself with a consistently sustainable agenda and propelling the transformation of a modern, resource-efficient fashion industry.

The Conscious Fashion Campaign (CFC), working in collaboration with the United Nations Office for Partnerships (UNOP), will be the presenting partner and the Sustainable Development Goals (SDGs) will be a prerequisite for all exhibitors by 2023. And the Frankfurt Fashion SDG Summit by CFC is set to become the leading international conference for sustainability in the fashion world. The future of fashion has begun – and its key players will be coming together in Frankfurt am Main from 5-9 July 2021.
 

  • Looking to the future – Frankfurt Fashion Week is positioning itself with a consistently sustainable agenda and propelling the transformation of a modern, resource-efficient fashion industry.

The Conscious Fashion Campaign (CFC), working in collaboration with the United Nations Office for Partnerships (UNOP), will be the presenting partner and the Sustainable Development Goals (SDGs) will be a prerequisite for all exhibitors by 2023. And the Frankfurt Fashion SDG Summit by CFC is set to become the leading international conference for sustainability in the fashion world. The future of fashion has begun – and its key players will be coming together in Frankfurt am Main from 5-9 July 2021.
 
Frankfurt am Main, 2 December 2020. Joining forces to improve the fashion industry: Frankfurt Fashion Week is positioning itself as the host of the future of fashion and actively driving forward the transformation towards a future-oriented, more sustainable fashion and textile industry. All decision-makers looking to instigate this change will be coming together in Frankfurt am Main from 5-9 July 2021. The initiators of Frankfurt Fashion Week – Messe Frankfurt and the Premium Group – have achieved a real coup: Conscious Fashion Campaign, working in collaboration with the United Nations Office for Partnerships, will be the presenting partner. Messe Frankfurt will build on its collaboration with the United Nations Office for Partnerships and establish Frankfurt Fashion week as the platform on which to advance the Sustainable Development Goals and help guide the fashion industry into the 'Decade of Action'.
 
“Frankfurt will play host to the whole world. We are seeing a very positive response indeed,” confirmed Peter Feldmann, Senior Mayor of the City of Frankfurt am Main, at today’s digital press conference, before going on to say: “The fact that the initiators are able to rethink the concept of a Fashion Week in such a way is extremely impressive and proves that the fashion industry is correctly interpreting the signs of the present and future. The time has come for value creation and values to be reconciled. Consistent alignment with the Sustainable Development Goals is an important step in this direction.”
 
“Frankfurt Fashion Week aims to play a crucial role in finding solutions for macrosocial challenges and supporting the goals of international politics such as the European Green Deal. The fashion and textile industries are also expected to be climate-neutral by 2050. If we want to achieve this, we all need to pull together. Frankfurt Fashion Week is inviting all initiators and supporters of sustainable concepts and congresses or shows dedicated to sustainability to meet in Frankfurt, partake in discussions and make tangible decisions for the greater good. We will connect the most relevant players and pave the way for a future-proof fashion and textile industry,” says Detlef Braun, CEO of Messe Frankfurt.
 
“Given its global reach, the fashion industry is uniquely positioned to collaborate and engage on the Sustainable Development Goals, in particular on climate action and responsible production and consumption,” said Annemarie Hou, Acting Executive Director of the United Nations Office for Partnerships. “Frankfurt Fashion Week and the Summit will serve as an important platform for education and engagement of the fashion and textile industry in the Decade of Action,” emphasised Ms Hou.
 
The aim of Frankfurt Fashion Week is for all exhibitors, participants and partners to align with the Sustainable Development Goals by 2023. The SDGs will also be incorporated into all formats of Frankfurt Fashion Week. This will help to make the UN’s sustainability goals visible and tangible for the Fashion Week audience, therefore bringing its claim, goals and specific proposals for implementation to an international opinion-forming fashion and lifestyle community. During a one-day Frankfurt Fashion SDG Summit presented by Conscious Fashion Campaign, topics like gender equality, clean water, climate protection, social justice and their significance for a forward-looking fashion industry will be examined in greater depth. Another point on the sustainability agenda: Frankfurt Fashion Week is launching a Sustainability Award for outstanding, innovative, sustainable design, alongside other categories with a global appeal for the fashion and textile industry.
 
"We are committed to setting the wheels of transformation in motion. Not only does the overall mindset have to fundamentally change; the entire industry also needs to have the courage to be transparent and honest. It’s important to see values and value creation as opportunities rather than contentious. We are doing what we do best: connecting the relevant players at all levels. With its ecosystem, Frankfurt Fashion Week will become the enabler. We are creating a platform that will orchestrate industry-wide change. With this as our inspiration, we are also developing our tradeshow formats from a ‘marketplace of products’ to a ‘marketplace of purpose and ideas’,” explains Anita Tillmann, Managing Partner of the Premium Group.
 
A new start in Frankfurt: In summer 2021 the entire fashion industry will be coming to the metropolis on the Main river to inform themselves, be inspired, discuss, negotiate and celebrate. “There’s a huge need to finally meet in person again, to exchange ideas and be inspired. At the same time, digital tools and formats have become an integral part of the fashion industry,” says Markus Frank, Head of the City of Frankfurt’s Department of Economic Affairs and therefore also responsible for its creative industry. “To implement such a future-oriented, all-encompassing overall concept, Frankfurt’s business and creative scenes offer an almost unique concentration of different expertise with its internationally networked agencies, universities and museums. The city’s multifaceted, high-end club, bar and restaurant scene, diverse hotel industry and internationally renowned retail landscape will become the stage for this. This network will be a key factor in the successful implementation of Frankfurt Fashion Week and the way in which it will expand into the public space as a cultural and social happening.”
 
A number of major publishing houses are also showing their commitment to the new Fashion Week in Frankfurt with conferences, events and awards: Textilwirtschaft, the leading professional fashion journal by the Deutscher Fachverlag publishing house, is moving its traditional meeting of the industry’s top decision-makers – the TW Forum, the presentation of the renowned Forum Award, as well as its subsequent conference – from Heidelberg to Frankfurt’s Palmengarten botanical gardens, and will therefore be kicking off Frankfurt Fashion Week on Sunday evening and Monday morning. The Frankfurter Allgemeine Zeitung will be hosting its traditional fashion party for the first time in Frankfurt and publishing a special edition of its FAZ Magazin on Frankfurt Fashion Week. And the ZEIT publishing group is holding its ‘UNLOCK Style by ZEITmagazin’ conference, which was established in 2014, and the ZEITmagazin Fashion Week party in Frankfurt for the first time and will dedicate the whole new issue of ZEITmagazin Frankfurt to Frankfurt Fashion Week. Condé Nast will also be involved in next summer’s Frankfurt Fashion Week with an exclusive event by GQ. And the Burda publishing house will also be represented with various event formats from its lifestyle and fashion brands.There will also be talks with SHINE  Conventions, the organiser of GLOW, about what a mutual collaboration could look like.
 
Frankfurt Fashion Week is also delighted to have the Fashion Council Germany (FCG) on board.  The FCG is theinstitution when it comes to German fashion design. It promotes designers, is committed to gaining more political relevance and strengthens the international visibility and awareness of German fashion. At Frankfurt Fashion Week, the FCG will contribute selected formats, such as its already established Fireside Chat, and a future-oriented accelerator format to support German designers.
 
“What really impresses me about Fashion Week is the whole networking aspect: the creative industries will meet the financial world and sustainability is the common denominator. The Green Finance Cluster is another project that we could link with Frankfurt Fashion Week in the future. This will provide new inspiration in the fashion industry, which will certainly extend way beyond its own horizon of Frankfurt and Hesse. After a very difficult year for the trade fair industry, the concept is an encouraging breath of fresh air,” sums up Tarek Al-Wazir, Hesse’s Minister of Economics, Energy, Transport and Regional Development and Deputy Minister-President of the state of Hessen.

Warden Schijve joins the AZL team (c) AZL
Dr. Michael Emonts, Warden Schijve, Philipp Fröhlig und Dr. Kai Fischer (von links nach rechts) im AZL Tech Center
02.11.2020

Warden Schijve joins the AZL team

Aachen - Warden Schijve, former Chief Scientist Composites at SABIC, recently joined the AZL engineering team in October. As Design Leader, he is further expanding the product and application development division of the service provider for business development and technology development in lightweight.

AZL Aachen GmbH supports companies along the entire value chain in implementing competitive lightweight technologies. "We develop component and production concepts for companies, including the analysis of costs and production-relevant KPIs. With our broad range of material and production technologies, we provide a comprehensive solution for the development and evaluation of products and identify the most suitable paths to implementation. Warden Schijve will use his many years of experience to support our partners in the efficient development, evaluation and implementation of component and production solutions through to market readiness," says Dr. Kai Fischer, Managing Partner of AZL Aachen GmbH.

Aachen - Warden Schijve, former Chief Scientist Composites at SABIC, recently joined the AZL engineering team in October. As Design Leader, he is further expanding the product and application development division of the service provider for business development and technology development in lightweight.

AZL Aachen GmbH supports companies along the entire value chain in implementing competitive lightweight technologies. "We develop component and production concepts for companies, including the analysis of costs and production-relevant KPIs. With our broad range of material and production technologies, we provide a comprehensive solution for the development and evaluation of products and identify the most suitable paths to implementation. Warden Schijve will use his many years of experience to support our partners in the efficient development, evaluation and implementation of component and production solutions through to market readiness," says Dr. Kai Fischer, Managing Partner of AZL Aachen GmbH.

From his 35 years in the composites industry with Fokker, DSM and SABIC, Warden Schijve brings a broad and deep expertise in structural design, plastics and composites, as well as processing technology.
Warden Schijve: “In my career I’ve always seen that it pays off to evaluate various different design concepts, which may use different materials or material combinations, to finally come to the most cost-competitive lightweight applications. Taking into account different manufacturing technologies right from the beginning can save a lot in later stages of component development. And this is what fascinates me about AZL and its eco-system: the available knowledge on a wide variation of process and production technologies, including cutting edge equipment, at both the AZL Tech Center, and the various institutes present in the total RWTH Aachen Campus.”

Dr. Michael Emonts, Managing Partner of AZL Aachen GmbH: "We are delighted that Warden Schijve, as a well-known face from the AZL community, will enrich us in developing lightweight applications, production systems and processes, identifying competitive technology optimizations through the analysis of markets and applications, and supporting our customers in the industrial implementation of the developed technologies."

Warden Schijve will also lead the project for a concept study for future battery casings based on composite-based multi-material systems. The AZL started the project in October together with 30 participating companies from the entire value chain to get an overview of existing component solutions, evaluate the advantages of a multi-material approach and develop a multi-material component design including a production concept for battery casings.

30.10.2020

SGL Carbon SE: Board of Management resolves restructuring program

An impairment charge has become necessary based on the current status of the new 5 year plan.

(Market Abuse Regulation N° 596/2014)
•    Impairment loss amounting to €80-100 million in the fourth quarter 2020 in the business unit CFM
•    Restructuring program resolved with savings target of more than €100 million until 2023
•    Guidance 2020 for Group sales and operating recurring Group EBIT confirmed
•    Guidance 2020 for net result reduced to minus €130-150 million

An impairment charge has become necessary based on the current status of the new 5 year plan.

(Market Abuse Regulation N° 596/2014)
•    Impairment loss amounting to €80-100 million in the fourth quarter 2020 in the business unit CFM
•    Restructuring program resolved with savings target of more than €100 million until 2023
•    Guidance 2020 for Group sales and operating recurring Group EBIT confirmed
•    Guidance 2020 for net result reduced to minus €130-150 million

In the current status of the 5 year plan, which is at present under preparation, significant deviations have already become apparent today, particularly in the market segments Automotive, Aerospace and Wind Energy in the business unit Composites – Fibers & Materials (CFM). Partially also due to the pandemic, Automotive and Aerospace is developing slower than anticipated in the last 5 year plan. In contrast, business with Wind Energy is growing much stronger than previously planned. These changes in the product mix lead to lower mid-term earnings at CFM compared to the prior 5 year plan. Following these deviations from the last 5 year plan, an event-driven impairment test was undertaken. This results in a non-cash impairment charge amounting to €80-100 million, which will be recorded in the fourth quarter 2020.

The Board of Management of SGL Carbon SE today also resolved the implementation of a restructuring program, with which the Company is targeting savings of more than €100 million until 2023 (compared to the base year 2019). These savings consist of a planned socially compatible reduction in personnel of more than 500 employees and substantial reduction in indirect spend, particularly in the areas of travel, consulting and external services. Costs of approximately €40 million are anticipated for the implementation of this restructuring program. A little more than half of this is expected to be recorded as expenses in the fourth quarter 2020, while the associated cash outflows are mainly forecasted for 2021.

This requires a partial adjustment of the guidance for 2020. The solid operational development in the third quarter 2020 with Group sales between €220 and €230 million and operating recurring EBIT1 between €13 and €15 million (plus approximately €9 million positive one-time effects) is within the framework of our expectations for the full year 2020. However, the Group net result is likely to develop below the prior year level of minus €90 million and reach approximately between minus €130 and €150 million due to the restructuring provisions as well as the impairment charge (prior guidance: improvement to a negative low double-digit million € amount).

With liquidity of €167 million as of September 30, 2020 (compared to €137 million at year-end 2019) and further cash inflows in the fourth quarter 2020 from successfully implemented additional funding measures, the Company’s position is solid. This liquidity is more than sufficient for the payment of the purchase price for SGL Composites USA in the amount of USD 62 million at the end of 2020 as well as the restructuring-related cash outflows expected mainly in 2021. The Company continues to have access to the revolving credit facility (RCF) in the amount of €175 million, which remains undrawn.

The quarterly statement as of September 30, 2020 will be published on November 12, 2020 as scheduled. Further details on the new 5 year plan as well as the guidance on the fiscal year 2021 will be presented with the publication of the Annual Report 2020 on March 25, 2021.

*The use of KPIs in this notification is aligned to the annual report 2019 and the interim report for the first half year 2020. There were no changes to the scope of consolidation or to valuation methods compared to the previous guidance.

More information:
SGL Carbon Composites Fibers
Source:

SGL CARBON SE

Change in the Executive Board of Dr. Zwissler Holding AG (c) Dr. Zwissler Holding AG
Marc W. Lorch
28.10.2020

Change in the Executive Board of Dr. Zwissler Holding AG

Mr. Lorch has decided to leave the Executive Board of Dr. Zwissler Holding AG and take up new challenges outside the Group.

Dr. Zwissler Holding AG would like to thank Marc W. Lorch for his work as Spokesman of the Executive Board and wish him all the best for his future.

Mr. Lorch has decided to leave the Executive Board of Dr. Zwissler Holding AG and take up new challenges outside the Group.

Dr. Zwissler Holding AG would like to thank Marc W. Lorch for his work as Spokesman of the Executive Board and wish him all the best for his future.

Source:

zwissTEX GmbH

Bemberg™: Nilufer Bracco launches niLuu collection (c) Bemberg™
Women’s Sand kimono, matching sleep mask and pillowcase made of Bemberg™
27.10.2020

Bemberg™: Nilufer Bracco launches niLuu collection

  • The stunning niLuu collection by former professional volleyball player Nilufer Bracco features smart Bemberg™ fabrics by Ipeker
  • Wonderful kimonos for women and men, sleep and face masks are the key pieces of the PETA certified and cruelty-free collection, 100% Bemberg™ and vegan

Former professional volleyball player Nilufer Bracco recently launched niLuu, a PETA approved cruelty-free loungewear brand using 100% Bemberg™ by Asahi Kasei that combines the iconic elegance of traditional silk with a socially and environmentally ethical production process.

  • The stunning niLuu collection by former professional volleyball player Nilufer Bracco features smart Bemberg™ fabrics by Ipeker
  • Wonderful kimonos for women and men, sleep and face masks are the key pieces of the PETA certified and cruelty-free collection, 100% Bemberg™ and vegan

Former professional volleyball player Nilufer Bracco recently launched niLuu, a PETA approved cruelty-free loungewear brand using 100% Bemberg™ by Asahi Kasei that combines the iconic elegance of traditional silk with a socially and environmentally ethical production process.

Bemberg™ is a fiber made from the smart-tech transformation of cotton linters bio-utility materials that are converted through a traceable and transparent closed loop process; the Bemberg™ Ipeker Textile  fabric’s uniqueness comes from the exceptional quality characteristics achieved in design. The end result is a luxurious fabric so soft and smooth that it is almost like a second skin, breathes like cotton, drapes beautifully like silk, and reflects the cultural tradition of luxury textiles from founder Nilufer Bracco’s native country, Turkey. The first collection released by Miami based niLuu features premium quality kimono robes, sleep masks, face masks, and pillowcases that are available in a variety of deep and vibrant colors, and with a soft-brushed finish typical of premium sand-washed silk.

Designed to not only feel and look amazing but the entire niLuu collection is sustainable, biodegradable and 100% vegan.  Ipeker Textile, one of the major Bemberg™ fabric producers in Europe, proudly holds the title as the first vegan fabric producer in the world, receiving Vegan V-Label certificate on around 150 different products that adhere to the guidelines of the European Vegetarian Label, most of them developed with Bemberg™ yarn.

niLuu’s innovative Bemberg™ collection is hypoallergenic, antistatic, easy to care for, and it is also known to have several benefits for the skin. The breathability of the fabric helps to maintain body temperature; excellent moisture control means the fabric doesn’t dry out the skin or hair in the ways that cotton would and minimal friction against the skin means it is also known to have anti-aging benefits.  Speaking of niLuu’s high-quality Bemberg™ fabric, Founder, Nilufer Bracco adds, “Our innovative Bemberg™ vegan silk delivers the best of both worlds. Not only does our luxury fabric feel amazing when you use it, but you can also feel good knowing that it caused minimum harm to the planet when it was produced and that it will leave only the slightest trace when it reaches the end of its lifecycle.”

The luxury textiles brand has also shown its commitment to responsible practices, by partnering with 1% for the Planet pledging to donate 1% of their annual revenue to environmental organizations that work hard to protect our planet.