From the Sector

Following their entry into the fibres and textiles sector, as announced at K 2022, recycling machine manufacturer EREMA launches the INTAREMA® FibrePro:IV - which has been specially developed for PET fibre-to-fibre recycling - at ITMA in Milan from June 8 to 14. Thanks to its especially gentle material preparation and efficient removal of spinning oils, the rPET produced can be reused in proportions of up to 100 percent for the production of very fine fibres.

PET is regarded as a key material for the production of synthetic fibres. Around two thirds of the total volume of PET goes into the production of PET fibres for the textile industry. This highlights the importance of high-quality recycling solutions for the circular economy. By combining proven INTAREMA® technology with a new IV optimiser, EREMA succeeds in processing shredded PET fibre materials heavily contaminated by spinning oils in such a way that the finest fibres can be produced again from the recycled pellets. The system, which now joins EREMA's machine portfolio as the INTAREMA® FibrePro:IV, is characterised by a longer residence time of the PET melt. This is an essential factor for achieving high quality recycled pellets, as it allows the spinning oils and other additives used to improve the handling of the fibres during manufacturing to be removed more efficiently than in conventional PET recycling processes. Following extrusion, by polycondensation the intrinsic viscosity (IV) of the PET melt is increased in the new IV optimiser and under high vacuum to the precise level that is needed for fibre production. "Including filtration the output quality that we achieve with this recycling process is so high that ultra-fine fibres of up to 2 dtex can be produced using these rPET pellets, with an rPET content of 100 percent," says Markus Huber-Lindinger, Managing Director at EREMA. Waste PET fibre from production processes can therefore be further processed into rPET filament fibre, carpet yarn and staple fibre.

While the focus of the fibre and textiles application is currently still on PET fibre recycling, EREMA is committed to driving forward the recycling of mixed fibre materials from classic textile recycling collection in a next project phase. In order to accelerate development work, the EREMA Group opened its own fibre test centre, where a cross-company team is working on recycling solutions for fibre-to-fibre applications. The centre also operates a fully equipped and variable industrial-scale recycling plant. It includes the peripheral technology required and is available to customers for trials.

CELLIANT® with REPREVE®, introduced by Hologenix with global textile solutions provider UNIFI®, makers of REPREVE®, has been awarded a Top 5 Selection in the Accelerated Eco category of the Spring/Summer ISPO Textrends 2025 Awards.

Last fall CELLIANT with REPREVE was also awarded a Selection in the Fibers & Insulation Category of the ISPO Textrends Fall/Winter 2024/2025. In addition, in the spring the fiber was shortlisted in the Drapers Sustainable Fashion 2023 Awards in the Sustainable Textile Innovation category.

Twice a year, ISPO recognizes innovative fibers, fabrics and components that are used to manufacture sports apparel. Both companies are excited that this innovation, whereby CELLIANT infrared (IR) technology is embedded into REPREVE, a brand of recycled fiber, has achieved these honors. CELLIANT with REPREVE is a performance fiber made from recycled materials that have been enhanced with IR technology to provide wellness benefits to the consumer.  

CELLIANT is a natural blend of IR-generating bioceramic minerals, which, when embedded into textiles, allows them to convert body heat into infrared energy, returning it to the body and temporarily increasing local circulation and cellular oxygenation. This aids in muscle recovery, increases endurance, and improves overall performance in healthy individuals, among other benefits.
 
REPREVE recycled performance fiber consists of high-quality fibers made from 100% recycled materials, including post-consumer plastic bottles and pre-consumer waste. It is also certified and traceable with UNIFI’s U TRUST® verification and FiberPrint™ technology, which provide assurance that the product comes from recycled materials. Compared to virgin fiber, REPREVE helps to offset the use of petroleum, conserving water and energy and emitting fewer greenhouse gasses.

This award marks the third year in a row that Hologenix has had its CELLIANT technology recognized in the ISPO Textrends Awards. CELLIANT in pure white was a Top Ten Winner in 2022. The prior year, CELLIANT Viscose was a Selection Winner as well. 

SHIMA SEIKI MFG., LTD. of Wakayama, Japan, will be participating in the International Textile Machinery Association exhibition (ITMA 2023) in Milan, Italy this June.

The Next-Generation group of machines is represented by the letter ‘R,’ first used in the SWG-XR WHOLEGARMENT® knitting machine launched last year in time for SHIMA SEIKI's 60th Anniversary event. The SWG-XR name is based on the original SWG-X four-needlebed WHOLEGARMENT® knitting machine which debuted at the Milan ITMA in 1995. As ITMA returns to Milan, SWG-XR refers to its origin as a pioneering invention that launched a new genre of seam-free knits produced in one entire piece. At the same time it represents a renewal of SHIMA SEIKI's commitment to its customers, the industry and the environment, as all aspects of the machine were re-evaluated in terms of its purpose, the way it is manufactured, how it is used and how it impacts the environment. The same renewal has been applied to the rest of the company's product lineup, and it is this renewal that becomes the core of SHIMA SEIKI's exhibition concept for ITMA 2023: "Reborn."

Of the 9 knitting machines SHIMA SEIKI is exhibiting, 8 machines will be part of the Next-Generation lineup, ranging from WHOLEGARMENT® knitting machines and computerized flat knitting machines to glove knitting machines. More than 300 items will be on display as proposals for knitted applications in various fields ranging from fashion, sports, shoes, bags and accessories to medical, safety, automotive, aeronautical and other wearable and industrial textile applications.

In addition to machine technology, SHIMA SEIKI's SDS-ONE APEX series computer graphic design system and software will be shown with their latest software upgrades that feature significant improvements in knit programming, 3D functions and speed. Demonstrations will be available for a comprehensive fashion tech solutions package based on realistic virtual sampling and supported by various digital solutions and web services.

2^nd Denim Innovation Night presented by Pacific Jeans was held during the 14^th Bangladesh Denim Expo to showcase the innovation in the country’s denim industry.

The show displayed the very latest in sustainably produced and innovative denim products from Pacific Jeans to apparel brands and retailers, embassy representatives, development partners and to the representatives of the industry supply chain.

About 500 invited guests got the opportunity to witness the denim research, design and production innovation provided by the Bangladeshi denim Group highlighting the breadth and depth of denim innovation available in the country – from fibre, through to fabrics, design, manufacture and finishing.

Pacific Jeans Limited manufactures premium jeans in Bangladesh and exports to over 50 countries. With a continuous focus on quality improvement and value addition, adoption of updated denim processing technology, commitment towards safe and sustainable industry, the group has become one of the preferred suppliers to leading global fashion retailers.

The program was inaugurated by Commerce Minister Tipu Munshi, MP; while the Head of the Delegation of the European Union in Bangladesh H.E. Charles Whiteley was the Guest of Honor; President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan and Country Representative of the Japan External Trade Organization (JETRO) in Bangladesh Yuji Ando were special guests at the program.

The 1st Denim Innovation Night was presented by Pacific Jeans during the 7th edition of Bangladesh Denim Expo in November 2017.

Groz-Beckert will be represented at ITMA with its six product sectors and will showcase its various innovations. The presentations at the booth will be supported by augmented reality applications. This allows visitors to discover the products both live and virtually.

The Knitting product sector will be represented at the Groz-Beckert stand with its four product groups circular knitting, flat knitting, legwear and warp knitting. In the circular knitting segment, for example, two newly developed knitting systems will be on show which have been realized in collaboration with machine manufacturers. The developments focus on energy savings, extended cleaning intervals and increased process reliability.

In addition to the machines for weaving preparation, the Weaving product sector will present its recently expanded portfolio of technical weaving reeds. The new weaving reeds make it possible to supply customers who produce fabrics with high densities. The weaving reeds are used in the production of special fabrics, for example, in technical filtration, membrane technology, solar cells or touch screens.

Products and services for classic needling and hydroentanglement will be presented by the Felting (Nonwovens) product area. In the field of felting needles, visitors can look forward to two innovations: a new notch shape and the Groz-Beckert felting needle module. In the felting needle module, the needles are embedded as a module in a plastic mold for the first time. The needle modules are characterized by high deformation resistance and offer new dimensions in needle density.

For the production of tufted floor coverings such as carpets, bath mats or artificial turf, the Tufting product sector will be presenting its proven Gauge Part system.

Various new and further developments will also be shown by the Carding product area. For those interested in the nonwovens industry, for example, the world's finest Interlocking wire for reduced risk of crashis included. For customers of the spinning industry, the division will be presenting further developed stationary flats and revolving tops. The new revolving tops have been adapted to the processing of fine yarns, while the stationary flats have been provided with a new, resistant aluminum profile.

The Sewing product sector is focusing on the presentation of its special application needles, SANTM. The sewing machine needles of the SANTM series have been specially developed for demanding sewing operations – e.g. for sewing technical or finest textiles. The division will also be presenting its new Needle Finder. The Needle Finder is an interactive tool in the online customer portal that helps customers select the right needle.

• Sales increase by 4.7% to €283.7 million in Q1 2023
• Adjusted EBITDA improves by 9.0% to €40.1 million
• Growth based in particular on strong demand from the semiconductor industry

SGL Carbon generated Group sales of €283.7 million in Q1 2023 (Q1 2022: €270.9 million). This corresponds to an increase of €12.8 million or 4.7% compared to the same period of the previous year. Increased demand for specialty graphite components for the semiconductor industry from the Graphite Solutions business unit contributed in particular to the pleasing increase in sales. But also the Process Technology and Composite Solutions business units continued their positive business development.

Accordingly, adjusted EBITDA (EBITDApre) improved by 9.0% to €40.1 million in the reporting period (Q1 2022: €36.8 million).

Sales development
In the first three months of fiscal year 2023, the business unit Graphite Solutions was the main driver of SGL Carbon's growth with an increase in sales of €21.3 million or 17.8%. This is due in particular to the reallocation of production capacities from the solar industry market segment to the semiconductor industry. The Process Technology (+€6.6 million) and Composite Solutions (+€4.0 million) business units also contributed to the increase in sales.

The Carbon Fibers (CF) business unit recorded a decline in sales of €24.0 million in the reporting period. The decline is mainly due to the scheduled expiry of the attractive supply contract for the BMW i3 in the middle of last year. Freed-up production capacities were compensated by orders from the wind industry in the 2nd half of 2022. But the necessary construction of wind turbines in Europe is currently stalling. Low building permits and high manufacturing costs are temporarily hampering the construction and expansion of wind parks and therefore the necessary increase in renewable energy.

Earnings development
In line with the sales development combined with higher capacity utilization and positive product mix effects, adjusted EBITDA (EBITDApre) improved from €36.8 million to €40.1 million in Q1 2023, representing a quarter-on-quarter increase of 9.0%.

Taking into account depreciation and amortization of €14.3 million (Q1 2022: €14.1 million) as well as one-off effects and non-recurring items of minus €0.1 million, EBIT in the reporting period amounted to €25.7 million (Q1 2022: €31.2 million). It should be noted that Q1 of the previous year was positively impacted by one-off effects and and non-recurring items amounting to €8.5 million. Accordingly, net profit for the period of €15.3 million was lower than in the same quarter of the previous year (€21.5 million).

Debt, equity and capitel expenditure
Net financial debt increased slightly to €174.2 million as of March 31, 2023 (Dec. 31, 2022: €170.8 million). The leverage ratio remains unchanged at 1.0. Due to the positive consolidated net income, the equity ratio increased again slightly compared to the end of fiscal 2022 to 39.5% (Dec. 31, 2022: 38.5%).

Looking at the capital expenditure in Q1 2023, it amounted to €19.0 million, which is higher than the average values of the previous quarters. "At the beginning of 2023, we had already announced the expansion of our investment activities to expand production capacities in the Graphite Solutions business unit. In previous years, our capital expenditure was in line with depreciation and amortization. In addition to these approximately €60 million, we will invest further €20 to €30 million in 2023, which will be financed by advance payments in the context of long-term supply contracts from our customers in the semiconductor industry. Our semiconductor customers secure future production capacities for graphite components, which are needed for their own growth. In return, SGL Carbon's long-term supply contracts will enable future profitable growth," said Dr. Torsten Derr, CEO of SGL Carbon.

Outlook
In line with the business performance in the first three months of 2023, the company confirms the sales and earnings guidance issued on March 23, 2023.

For the financial year 2023, Group sales are expected to be at the prior-year level and  EBITDApre between €160 - 180 million. Taking into account depreciation and amortization, EBITpre is forecast to be between €100 - 120 million. Furthermore, free cash flow at the end of fiscal 2023 is expected to be at the prior-year level and return on capital employed (ROCE) between 10% and 12%.

Renewcell is the recepient of the Fast Company 2023 World Changing Ideas Awards for the Sustainability/Energy category with the development of recycling unused textiles into pulp, branded as CIRCULOSE®, used for man-made cellulosic fiber production of viscose, modal, lyocell, acetate and other fibers. Additionally Renewcell is recognized as a finalist in the Europe, the Middle East, and Africa category, as well as a finalist in the climate category for the 2023 World Changing Ideas Awards.

World Changing Ideas Awards honor sustainable designs, innovative products, bold social initiatives, and other creative projects that are changing the way we work, live, and interact with the world.

This year’s World Changing Ideas Awards showcase 45 winners, 216 finalists, and more than 300 honorable mentions—with health, climate, energy, and AI among the most popular categories. A panel of Fast Company editors and reporters selected winners and finalists from a pool of more than 2,200 entries across urban design, education, nature, politics, technology, corporate social responsibility, and more. Several new categories were added this year including rapid response, crypto and blockchain, agriculture, and workplace. The 2023 awards feature entries from across the globe, from Italy to Singapore to New Zealand. Fast Company’s Spring 2023 issue (on newsstands May 9, 2023) will showcase some of the world’s most inventive entrepreneurs and forward-thinking companies that are actively tackling global challenges.

Indorama Ventures Public Company Limited (IVL) has joined “Together for Sustainability” (TfS), a global initiative for sustainable supply chains. Indorama Ventures joins a network of 47 TfS member companies representing the global chemical industry, reinforcing its commitment to driving sustainable solutions in its supply chain management.

By joining TfS, Indorama Ventures is encouraging suppliers to meet high sustainability standards, reduce the risk of supply chain disruptions, and improve overall climate maturity. The collaboration will help foster an expansion of the company’s sustainable supply chain program. The company will contribute to the TfS Scope 3 Greenhouse Gas (GHG) workstream that developed and finetunes the Guideline for calculating Product Carbon Footprints (PCFs) in the chemical industry and beyond and, will develop an IT solution that will enable companies to share PCFs efficiently. This membership allows Indorama Ventures to further align with the UN Global Compact Principles.
 
Through this initiative, Indorama Ventures will also be partnering with EcoVadis to assess their suppliers to identify risks and opportunities along the value chain, improve sustainability practices, and encourage collaboration among members.

Shareholders Adopt All Motions Proposed by the Board of Directors

• Distribution of a dividend of CHF 1.50 per share approved
• Remuneration Report 2022 and future remuneration of Board of Directors and Group Executive Committee formally accepted
• All members of the Board of Directors who stood for re-election were elected
• Thomas Oetterli newly appointed to the Board of Directors
• KPMG newly elected as statutory auditors
• Amendments to the Articles of Association approved

On April 20, 2023, 325 shareholders, who represent 66.2% of the share capital, attended the 132nd Annual General Meeting of Rieter Holding Ltd.

Dividend
The shareholders approved the proposal of the Board of Directors to distribute a dividend of CHF 1.50 per share. The dividend for the 2022 financial year will be paid on April 24, 2023.

Annual Report, Financial Statements, Consolidated Financial Statements and Remuneration Report
The shareholders also adopted all other motions proposed by the Board of Directors, namely approval of the annual report, financial and consolidated financial statements for 2022. Moreover, they formally approved the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review.

By way of a consultative vote, the shareholders also approved the Remuneration Report 2022.

Remuneration of the Members of the Board of Directors and the Group Executive Committee
In two separate binding votes, the proposed maximum total remuneration of the members of the Board of Directors and the Group Executive Committee for the 2024 financial year was approved.

Re-Election of the Members of the Board of Directors
The Chairman of the Board, Bernhard Jucker, and the Directors, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi, Sarah Kreienbühl and Daniel Grieder were confirmed for a further one-year term of office. In addition, Thomas Oetterli was newly elected to the Board of Directors for a term of office.

The members of the Remuneration Committee who were standing for election –
Hans-Peter Schwald, Bernhard Jucker and Sarah Kreienbühl – were likewise re-elected for a one-year term of office.

Election of KPMG as Statutory Auditors
The shareholders also adopted the proposal of the Board of Directors to elect KPMG AG, Zurich, as new statutory auditors for the financial year beginning January 1, 2023.

Amendments to the Articles of Association
The shareholders further approved the proposals of the Board of Directors to amend the Articles of Association of Rieter Holding Ltd., in order to implement the requirements of the reform of the Swiss company law, which came into force on January 1, 2023.

From April 25^th to 27^th, 2023, the Institute of Textile Machinery and High Performance Material Technology (ITM) of TU Dresden will be exhibiting at the pavilion SAXONY! at JEC World 2023.

The ITM will provide a comprehensive overview of its current research in the field of machine and product development along the entire textile process chain.

The upcoming JEC 2023 exhibition will highlight innovative Customised Connective Cores (CCC), which are custom-made core-insert structures additively manufactured using cellular metal and a form-fit integrated insert. These CCCs can be seamless integrated either as patches or as full-surface core material into lightweight panels, offering significantly improved load-bearing behavior (especially 4 times the load-bearing capacity and fail-safe behavior) compared to existing technologies. This breakthrough opens up new possibilities for fastening lightweight panels.

Another highlight at the exhibition is the repair process for fibre-reinforced composites (FRP) developed at the ITM. Instead of mechanically grinding the damaged area, the matrix in the repair area is locally dissolved using a UV-rays-induced depolymerisation process. Damaged fibres can thus be replaced by a customized repair patch. Free yarn ends on the textile repair patches are spliced with the UV-exposed yarn ends in the repair area using an adapted splicing process. In this way, a very clean, simplified and mechanically improved repair area can be achieved compared to the state of the art.

The diverse possibilities offered by the structure and process simulation of textile high-performance materials and textile manufacturing processes will also be presented. By means of multi-scale modelling and simulation, a profound understanding of materials and processes is achieved at the ITM. Finite element models on the micro, meso and macro scale have been developed and validated for this purpose. Examples from current ITM research projects demonstrate the various possibilities and areas of application of modern simulation methods in the field of textile technology.

Moreover, an innovative process for the integral manufacturing of 3D rib-stiffened preforms with complexly arranged stiffeners in 0°, 90° and ± 45° orientation was developed and successfully implemented at the ITM. Due to the process-integrated structure fixation and the continuous fibre reinforcement between shell and rib structure, the 3D preforms are perfectly suited for the production of highly load-bearing FRP components with increased bending stiffness, which will be exhibited at JEC. Hence, the lightweight construction potential of high-performance fibres can be fully exploited.

A successfully established development are partially flowable 2D textile reinforcement fabrics that are continuously manufactured in one single process step. For this purpose, the entire process chain was developed at the ITM, which allows a cost-effective and high-volume production of load-bearing thermoplastic 3D FRP components with continuous fibre reinforcement between shell and stiffeners.

At JEC 2023, the ITM will also present a partially embedded textile latice girder as reinforcement for carbon concrete applications, which was produced by means of an innovative textile manufacturing process based on the multiaxial warp knitting technology. Through the development of a customized warp insertion, manipulation and take-off system as well as appropriate shaping methods, it is now possible to produce tailored textile semi-finished products, e.g. for use in wall and ceiling panels. These textile latice girders represent a resource-saving alternative to conventional steel girders due to the reduced among of concrete required and the additional cavity for media and cable guidance.

The integration of textile actuators and sensors in FRP provides structures with additional functionalities. The research and application of such interactive FRP with different matrix materials (e.g. with thermoset, elastomer or concrete matrix systems) for structural health monitoring or adaptive systems is one of the key research areas of the ITM.

Moreover, the development and implementation of innovative yarn constructions based on recycled high-performance fibres (e.g. rCF, rGF, rAR) for sustainable FRPs is successfully promoted at ITM. By use of a special carding machine, recycled fibres are opened up, separated and joined to form a wide, uniform ribbon. Subsequently, innovative hybrid yarn constructions made of evenly mixed recycled high-performance and thermoplastic fibres with variable fibre volume fractions can be manufactured by means of various spinning technologies. Selected yarn constructions and components will be showcased at JEC.