From the Sector

• Fibres for automotive composites, technical textiles, hygiene and medical nonwovens
• UltraLink fibres offer sustainable system cost reduction solutions to the automotive industry
• Meralux offers improved liquid management for a dry feeling
• Stand 2034, ANEX 2018, 6-8 June, Tokyo Big Sight, Japan

Beaulieu Fibres International, the leading European polyolefin fibre supplier, marks its Asia Nonwovens Exhibition and Conference (ANEX) debut with unique products and capabilities to support innovation at a local level within the automotive and hygiene segments.

At Stand 2034, Beaulieu Fibres International demonstrates its commitment to the global market growth for automotive composites and technical textiles, as interest increases in adopting lightweight materials to reduce vehicle weight and fuel efficiency.

The company will present UltraLink bonding fibres that improve the mechanical, thermal and functional properties of the final part, allowing customers to meet OEM specific standards in a more sustainable way. They are available in both MONO and BICO technology – a first for the composites industry.

Jefrem Jennard, Global Sales Director – Industrial Fibres, comments: “Beaulieu Fibres International developed UltraLink fibres over the past two years to provide an answer to the automotive industry’s continuous strive for lower weight, lower emission, lower cost and better properties. They are being introduced in new global automotive programmes with SOP 2019-2021. We are delighted to introduce them to the Asian market at ANEX.”

At ANEX 2018, Beaulieu Fibres International also presents its platform of unique Meralux fibres offering significant improvements to the dryness of nonwoven for hygiene and medical applications. The BICO fibre has a special cross section, which enables it to provide bulk, opacity and enhanced fluid management compared to standard round fibres to nonwoven constructions. As a result, a dry feeling is achieved for the final nonwoven.

Petra Bohle-Stricker, Global Sales Director – Hygiene Fibres, comments: “As Asia Pacific heads towards becoming the largest regional tissue and hygiene market by the end of 2025  , nonwovens producers can already take advantage of the benefits of Meralux to launch new and innovative products that will grab the attention of global and local manufacturers. Visitors to our ANEX booth can experience Meralux fibres first-hand in nonwoven samples.”

Since Meralux was first launched in April 2017, the portfolio has expanded to include Meralux T and Meralux Soft. Beaulieu Fibres International is currently expanding its production programme with polyester-core (PET) BICO. In addition a pilot line for new developments is under construction. Both are expected to come on stream in 2018.

Exhibitors from eight countries have already confirmed to participate in the fair’s European Zone. They join an expected 500-plus total exhibitors from around the world. The 2018 edition of this biennial fair takes place from 4 – 6 September in halls N1 – N3 of the Shanghai New International Expo Centre.

While China retains its edge in terms of technical textiles and nonwovens production capabilities, in the eyes of Chinese buyers, European suppliers are still the leaders when it comes to technology and innovation. This was widely reported by European exhibitors at the previous edition in 2016 of Asia’s leading biennial trade event for the industry: Cinte Techtextil China.

“In the Chinese market, buyers want good quality products, so overseas companies, and products with recognised quality certifications, have a lot of potential,” Ms Ping Chen, General Manager of IBENA Shanghai Technical Textiles commented. “As a leading German company in the industry, our products are welcomed by many buyers at this fair. It is also important to be in the German Pavilion as this signals to buyers that we have quality products, and it attracts more attention.” Swiss firm Sanitized AG had the same experience. “As a Swiss company in the European Zone I believe it’s an advantage, as some local buyers have more confidence towards imported products,” Mr Steven Liu, Sales Manager said.

Other exhibitors commented on the long-term trends in the Chinese market. “There’s a definite shift to more high-quality machinery in China that isn’t affected by what’s happening in the overall economy. Moreover, there are opportunities for overseas suppliers as there is still a gap between us and what Chinese companies produce,” Dr Joachim Binnig, Vice President, Head of Development & Technology, Autefa Solutions Germany GmbH explained.

Mr Roger Zhang, Sales Manager for German firm J.H. Ziegler Nonwovens and New Materials commented: “Our products are mainly for high-end Chinese customers, such as BMW and Audi. The Chinese market has gradually matured, but the production capability for high-performance products which are energy efficient and eco-friendly is still developing, so there is a lot of space for overseas brands to develop here.”

European Zone highlights
This year’s European Zone will feature around 30 exhibitors from eight countries, including Austria, Belgium, the Czech Republic, France, Italy, the Netherlands, Sweden, Switzerland and the UK, while further exhibitors can be found in national pavilions from Belgium, the Czech Republic, Germany and Italy. Some of the exhibitor highlights in the European Zone include:

• Arkema (France): with brands including PMMA Altuglas, Rilsan, Pebax, Kynar PVDF and Bostik, they will present polymer resin for fibres and yarns, which apply to a wide range of applications, at the fair.
• Dakota Coating (Belgium): specialists in thermoplastic and thermosetting adhesives, their polymer products, based on polyethylene, polyolefin or mixtures, ethylene vinyl acetates, co-polyamides, polyurethanes and co-polyesters, are suitable for automotive, building, heat transfer and sound insulation uses.
• Lenzing Plastics (Austria): a new exhibitor at the fair, they are a leading manufacturer of polyolefin and fluoropolymer products, such as Thermoplast and PTFE products. One of their core competencies lies in the monoaxial stretching of films and filaments, and they offer special solutions in the fields of construction & insulation, medicine & hygiene, packaging and cables, as well as automotive and technical textiles. They will highlight their PROFILEN® PTFE product at the fair, and with its extreme durability and very smooth surface, it is highly valued in many niche applications in the technical and medical sectors.
• Protechnic (France): leading manufacturers of hot-melt adhesives and plastic printed films, they will showcase hot melt thermo-adhesive nets, webs and films at the fair.
• Trelleborg Coated Systems (Italy): another new exhibitor this edition, they produce high-performance, engineered coated fabrics. They offer a wide variety of substrates – from Kevlar® to silk – with a choice of weaving methods.

• Oerlikon integrates automation solutions for largescale plants in technology portfolio

Remscheid, Germany / Pfäffikon, Schwyz, Switzerland - Oerlikon announced today that it has acquired Germany-based AC-Automation GmbH & Co. KG, an engineering company specializing in large-scale plant automation solutions for the textile and packaging industries. The two companies have been partnering since the early 1980s. The integration of AC-Automation in Oerlikon expands the market-leading technology portfolio of its Manmade Fibers Segment. It also marks a milestone in Oerlikon’s ongoing quest to offer innovative, fully automated and digitally networked Industry solutions in the manmade fiber industry.

The 60 employees at AC-Automation’s Bernkastel-Kues and Augsburg locations will become part of Oerlikon’s Manmade Fibers Segment, which includes the leading brands Oerlikon Barmag and Oerlikon Neumag. The move will expand the Segment’s business model, adding another key core component to its current offering of production plants and technology solutions from melt to yarn, fibers, andnonwovens. Ultimately, Oerlikon will be able to offer customers a total solution from a single source, including automation logistics for packaging, high-bay storage, and other areas, which complement its current market-leading spinning and process technologies for the textile industry.

"We see our expanded overall offering as an Industry solution, reflecting the future of an even more efficient, digitized and profitable chemical fiber industry, especially for large-scale plants with daily production capacity of several hundred tons of polyester, nylon, polypropylene, or other manmade fibers,” explains Georg Stausberg, CEO of the Manmade Fibers Segment. Manmade fiber producers from China — the world’s most important market, generating more than 70 % of worldwide manmade fiber production — as well as companies from other fast-growing markets such as India, Turkey and the USA are also relying on automated and networked Industry total solutions.

"The acquisition and integration of AC-Automation’s automation solutions will provide new opportunities for our manmade fiber business. It enables the Segment to increasingly position itself as an Industry solution provider in combination with our own digitization solutions,” says Oerlikon Group CEO Dr. Roland Fischer. “As a leading provider of advanced materials, surface solutions and materials processing including the engineering and production of polymer plants, this acquisition marks another milestone in Oerlikon’s strategy to strengthen its businesses and thus sustain profitable growth.”

"After such a long partnership, we are excited to be able to benefit even more in the future as part of a global player in the textile industry. Our market access will further improve with the help of the Oerlikon
Group's sales and service network. For my employees, I am very pleased to be able to bring them into an international Group, in which there would be new opportunities and perspectives for them personally,”
said Rolf Gänz, AC-Automation’s Managing Director.

• Yarn Expo Spring’s status as Asia’s leading industry event attracts 15% more buyers
• National Exhibition and Convention Center (Shanghai)
• Shanghai, China, 14 – 16 March

Yarn Expo continued its evolution into the industry’s most comprehensive and effective business platform with its Spring Edition which concluded last week with a large increase in the buyer figure, as well as another year of growth in the exhibitor number. Strong demand was evident for recent growth areas of the fair such as synthetic, fancy and specialty yarns as well as chemical fibres, while exhibitors in the more traditional cotton product group also fared well. In total, 435 exhibitors from 10 countries & regions took part (2017: 393, 12 countries & regions), attracting 25,966 trade buyers from 88 countries & regions (2017: 22,579, 94 countries & regions).

“Once again, Yarn Expo proved itself as the ideal trade fair for the industry to benefit from changing demands and product trends, especially in the Chinese and wider Asian markets,” Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd explained. “The fair has evolved in recent editions to have a much bigger focus on synthetic, fancy & specialty yarns and chemical fibres, and based on the exhibitor feedback during the fair, there was an increase in buyers sourcing these products this year. What’s more, local buyers were showing strong interest in the offerings from Southeast Asian countries such as Indonesia and Thailand, while Vietnamese cotton exhibitors reported increased orders from China due to the favourable trade policies between these countries.”

As one of the industry’s leading players, Birla Jingwei Fibres naturally plays a big role at Yarn Expo, with their Birla Planet pavilion proving highly successful for the company. Senior Vice President Mr Sachin Malik, explained: “Yarn Expo is a very important platform for Birla, to be visible to our value chain, to connect with our customers, and our own clients’ customers. We value Yarn Expo as a long-term partner for showcasing our products and connecting with the value chain. Each edition we connect with more and more buyers, and more customers in the industry recognise the importance of this fair. It has developed into a premium event in the global textile industry calendar. Usually this edition is quieter than the autumn fair, but the results this year saw the spring edition reach the same level. Our booth was always packed with buyers, and we also received more high-quality and international buyers. Our pavilion members are also very satisfied with the buyers and their results this time.”

Exhibitor comments

Indonesia

“Yarn Expo is an ideal platform to meet not only Chinese but also global buyers. The fair attracts so many good-quality buyers, and compared to other fairs attracts more of our target buyers. The results this edition have been good. After four years of doing business in China, we’ve found many Chinese customers who are willing to pay for quality. The demand in the China market for high-quality products is growing, in particular because of the shortage of spinning capacity which is made up for by imports. We’ve seen more serious and meaningful buyers that have strong desire for further cooperation this time, and I think the potential of this market will continue to grow.” Mr Anupam Agrawal, Director Spun Yarn Business, PT. Indo-Rama Synthetics Tbk

Korea

“Our booth was so crowded throughout the fair. We had more than 300 buyers visit us, and I guess approximately 30% of them will turn into business after the fair. Our target buyers are fabric and garment manufacturers, and we found a lot of good quality ones here. A wide range of worldwide buyers from different market sectors sourced at our booth, especially big-brand sportswear manufacturers and sourcing offices. We’ve had visitors from China, Europe and many other countries. We are very satisfied with our first Yarn Expo experience, and we expect a very good outcome after the show.” Mr Joo Son, International Sales Team, HJLite

Pakistan

“Yarn Expo is the global meeting platform for all yarn industry players. You have buyers from all over the world here, so it is the best trade platform in Asia to connect with worldwide buyers. We’ve met people from Argentina, Columbia, Korea, Indonesia, the UK and the US. Around 40% of them are new to us. We’ve noticed that everyone is looking for new products nowadays, so we always bring new items. Fancy yarn is getting more common in China, and demand is growing steadily. China is definitely a huge market for us to develop.” Mr Mohammad Saad, Director of Abtex Intl Ltd

India

“Yarn Expo is really helpful in that it has a diverse buyer profile and attracts buyers from around the world. We managed to talk to customers from Pakistan, India and Colombia, as well as potential Chinese buyers who are very interested in our products. The buyers have been genuine with specific sourcing needs, and some of them have already placed orders.” Mr N. Sarawgi, Representative of Madhusudan Rayons Pvt. Ltd

Thailand

“This edition we brought our new Kapok material to the fair for the first time. It has been the most popular product at our booth. In recent editions, we’ve also met more and more garment factories asking for customised fancy yarn to make their products competitive and unique, while eco-friendly and natural yarns are also more popular. Yarn Expo is the platform we announce our new products and technologies, and the feedback from buyers from around the world can help us improve them and learn the latest market trends. The fair is of great value for our market strategy.” Mr Warakorn Bunkanokwong, Export Sales Manager, Kongkiat Textile Co Ltd

Singapore

“We are here to explore the China market, but are also glad more customers from Europe and America visited our booth. Many of the buyers here are at the decision-making level, so can give us clear requirements and advice about our products. This is a highly effective fair to meet Chinese buyers to learn first-hand what the market needs.” Mr Rahul Gupta, Marketing Manager, Texvista Intl Pte Ltd

Vietnam

“Yarn Expo is a great chance to meet our existing partners and find new buyers. Compared to China cotton yarn, we still have an advantage in price and quality which attracts a lot of buyers to our booth. Yarn Expo provides us with a quick way to tap into the Chinese and Asian markets.” Mr Du Xuan Cuu, Trade Director, Hanam Textile Co

Uzbekistan

“The Chinese market is important to us, so we chose to exhibit in Yarn Expo. We have met many buyers here, and each year we can find new customers through Yarn Expo. The international nature of this fair is also beneficial for our business.” Mr Dilshod, Export Manager, Exoeast Trade LLP

China

“Yarn Expo is the largest platform in Asia. Compared to other fairs, the buyers here are of higher quality; genuine buyers make up a large portion and most of them come with sourcing intentions. Currently, fancy yarn is in great demand in the market. The number of customers looking for such products is significantly higher this year, and Yarn Expo can effectively help us capture this demand.”
Ms Stella Gan, Sales Manager, Jin Dun Textile

Buyer comments

“We can find all ranges of cotton yarn, fancy yarn and chemical fibres at Yarn Expo. Most of the famous brands are here, and they bring the latest technologies and products, including debut products. Yarn Expo always catches the latest trends in the industry and presents them at the fair. This year the quantity and quality of fancy yarn exhibitors has increased, so I’ve found some products to source already.” Mr Wang Gaofeng, Deputy General Manager, Jiaxing Jinqie Fashion Co Ltd, China

“We mainly came to source fancy yarn this time, and we found many new options. This international show greatly expands our sourcing options. Many of our existing suppliers, including from Indonesia, exhibit at this fair so that’s why we source here. We’re satisfied with the exhibitor quality, and intend to place orders afterwards. There have been a number of new technologies presented here that left a deep impression on us.” Ms Linggar Jati Halim, Director, PT. Kartika Sinar Mulia, Indonesia

“I like this fair as it gathers exhibitors from the entire industry supply chain. As the demand for functional fabrics continues to increase, we can also see this trend in Yarn Expo. Therefore, the fair helps us to learn about the industry’s developments.” Mr Jiang Chang, Marketing Manager, Hangzhou Gaoxi Technology Co Ltd, China

The next Yarn Expo fair, the Autumn Edition, will be held at the earlier date of 27 – 29 September 2018, once again at the National Exhibition and Convention Center. 

• Sustainable Precision Application Technology product for textile finishing boosts quality and productivity

Baldwin Technology Company Inc. is pleased to showcase the TexCoat G3 for the first time in Turkey during the ITM tradeshow, held in Istanbul from April 14 to 17, 2018.

This groundbreaking Precision Application Technology product—which will be demonstrated in hall 12 at booth 1213—enables a sustainable textil eand nonwoven finishing process, with low energy consumption, reduced water and chemistry waste, and substantialsavings of production time and costs. Launched in 2017, the innovative TexCoat G3 already has been installed at major textile finishing facilities worldwide, with proven positive results, including:

• Reduced water and chemistry usage, up to 50 percent
• Reduced total changeover time, up to 85 percent
• Reduced chemistry waste, up to 95 percent

“We are immensely proud to showcase the TexCoat G3 in Turkey, one of the leading markets for innovation and productivity in the textile industry,” said Simone Morellini, Baldwin Sales Manager-EMEAR. “We see great potential for our Precision Application Technology products in this region, and our goal is to help customers improve productivity, while saving valuable resources and contributing to a sustainable future.”
Baldwin’s Precision Application Technology product line provides customers with more flexibility, fewer production steps and increased uptime. With individual nozzle control and automatic volume adjustment, the TexCoat G3 ensuresprecise and uniform application in various process conditions and capacities.
Adjustments can be set in relation to cloth width, g/m2 and textile characteristics, allowing for complete control of the amount of water and chemistry applied.

Furthermore, the TexCoat G3 is versatile, managing a wide range of low-viscosity chemistries—such as water-repellent, softener and anti-microbial finishing—as well as single- and dual-sided applications, various textile characteristics and wet-on-wet applications.
Plus, it significantly reduces changeover times to less than five minutes, thanks to fully automatic flushing, and its mist containment covers encapsulate and prevent aerosols from escaping, securing a healthy working environment.

Leading apparel producer HanesBrands recently invested in 19 TexCoat G3 systems from Baldwin. “We have had outstanding results in productivity increase, and we can clearly see that this technology will make a great contribution to our future efficiency and sustainability savings,” said Mike Abbott, HanesBrands Global Director of Research and Innovation.

Spot Ltd., under the leadership of Cengiz Kahraman, has been representing Baldwin’s Precision Application Technology product line for the textile market in Turkey since 2016. The two companies collaborate closely and are committed to revolutionizing the textile finishing industry.

Archroma, a global leader in color and specialty chemicals, announces the appointment of Marcos Furrer to the post of President Brand & Performance Textile Specialties, and Innovation, based in Archroma's headquarters in Reinach, Switzerland.

Marcos Furrer will take over from Thomas Winkler who will retire at the end of March 2018 after more than 30 years in the textile industry, among which 12 years at the helm of the business.
Announcing the appointment, Archroma CEO Alexander Wessels said: “Marcos Furrer was rather an obvious choice when we started to look for a potential successor for Thomas Winkler. He has the right combination of strong textile expertise and leadership skills that we need to drive the business in line with Archroma’s ambitious growth strategy.”

A Swiss national with a 20 years career, Mr Furrer has earned a strong reputation as a well-rounded business manager with excellent leadership skills and a taste for delivering on targets.

Biography
A Chemical Engineer from the Ingenieurschule Beider Basel, Mr Furrer started his career with Clariant in Switzerland as Product Manager Sulphur Dyes, Textile Business, in 1997. He then grew in the organization as Head of Continuous Dyeing Cellulosic (1999 to 2001); Head of Business Unit (BU) Textile Dyes and Textile Chemicals in México (2001 to 2005); Global Head for the Product Group Cellulosic Dyes (2005 to 2007), Head of BU Textile Chemicals Latin America (2007 to 2009); Head of BU Textile Chemicals Americas (2009 to 2012); Head of Emulsions (January 2012 to June 2012); and Head of Marketing and Sales Plastic and Special Applications, BU Pigments (January 2013 to 2015).

His latest role as Head of Regional Business Line Europe, BU Pigments, Strategic Plastics, brought him back to Switzerland in January 2015, with the mission to implement the new BU Pigments regional structure in Europe.

Mr Furrer speaks 5 languages: English, German, Spanish, Portuguese and French.
 

The market for the production of carpet yarn is increasingly evolving towards more demanding processes. However, beyond commodity products, standard plants can no longer fully exploit their advantages. From 20th to 22nd March 2018, Oerlikon Neumag will be presenting an economical alternative in Shanghai in hall W3, booth F03 at the Domotex asia/Chinafloor, the leading floor covering trade fair in the Asia-Pacific region: the BCF plant Sytec One with single-end technology.

If the requirements for the production of BCF yarns increase, for example, from recycled polyester or fine filaments, then this can also lead to higher breakage rates. Highly standardised production plants must then often strike compromises with regard to throughput, quality or cost-efficiency. In such cases, the Sytec One offers a good solution instead of the mostly three-end technology plants for standard processes.

Single-end technology with 98% productivity

This BCF plant works with only one yarn (end) per position, making it ideal for demanding production processes. The reason: when a yarn break occurs only one yarn tears, all other yarns continue to run. This not only simplifies troubleshooting, it also reduces the re-threading time. In addition, less waste is produced. As a result, the productivity of the Sytec One is still over 98% for ten breakages a day, while a plant with three-end technology only reaches around 92%.

Faster processes due to a straight yarn path

In addition, the absolutely straight yarn path of the Sytec One enables significantly higher process speeds of up to 15% in spinning and texturing processes compared to multi-end technologies. Higher total titers of up to 6,000 dtex can also be produced without any problems. The gentle yarn guidance also ensures minimum friction on the individual filaments. This means less yarn breaks and a more stable process.

Optimised key component: spinning pack

Last but not least, the engineers at Oerlikon Neumag have developed a new design for the spinning pack. This central component of every BCF machine significantly influences the yarn quality. The corresponding solution for the Sytec One optimises the polymer flow in the spin pack, thus reducing the polymer dwell time. This leads to shorter product and colour change times and increases the plant efficiency. In addition, the spinning packs were widened so that yarns with up to 500 filaments can now be produced.

The product mix is decisive

In view of these advantages, the single-end Sytec One is recommended for processes with high breakage rates, fine filaments, frequent colour changes or in general when demanding processes take up an increasing share in the business. "The product mix is decisive for the choice of technology," sums up Alfred Czaplinski, Sales Manager BCF at Oerlikon Neumag. "We are happy to advise on the optimal solution and offer both single-end and three-end plant technologies." 

Good business at the Domotex Hanover, Germany

In the run-up to the trade fair, the Domotex Hanover in mid-January was already proving to be a promising harbinger. With four lively trade fair days and contract conclusions in the lower double-digit million euro range, mainly from the European and Asian markets, the order intake for Oerlikon Neumag was very good.

Lectra, the technological partner for companies using fabrics and leather, is pleased to announce the appointment of Holger Max-Lang as Managing Director of Lectra Central & Eastern Europe region, Russia. Holger Max-Lang is based in Ismaning, near Munich, Germany.

Central & Eastern Europe and Russia is a strategic region for Lectra, offering strong potential in the Group’s main market sectors thanks to: a robust automotive industry; a dynamic furniture industry, especially in Germany and Poland; and a close connection between fashion brands in Germany, Austria, Switzerland and suppliers in Eastern Europe.

Holger Max-Lang will focus on delivering Lectra’s customer-focused strategy to empower fashion & apparel, automotive and furniture businesses to succeed as they embrace Industry 4.0. Anchored in the digitalization of industrial processes, from design to production, Industry 4.0 is redefining how factories are organized; smart and connected, they are driving the value chain, propelling a new digitalized lifecycle for products. 

“The transformation to Industry 4.0 is in full swing: the Industrial Internet of Things, Software as a Service (SaaS), cloud technology, data analyses and data exploitation have become key,” underlines Daniel Harari, Chairman and Chief Executive Officer, Lectra. “Working for Lectra for over 15 years, Holger has a deep experience and knowledge of Lectra’s DNA, and is in a very strong position to support our customers in the digitalization of their processes.”

“Industry 4.0. started in Germany. Therefore, many companies are keen to adopt its principles in our region. Lectra is very well-positioned to support our customers in their transformation,“ says Holger Max-Lang. “In my role, I am looking forward to a growing dialogue with our customers and prospects, to bring them a full understanding of the expertise we have built - and are building. We will leverage this expertise to boost our customers’ competitiveness and generate higher added-value for their businesses.”

Following marketing and sales positions in the IT and automotive industry sectors, Holger joined Lectra Germany in September 2002 as a salesperson for automotive accounts. He then held diverse sales’ roles in the region, including the position of Sales Manager for all Lectra markets in Central & Eastern Europe region, Russia. Since September 2017 Holger has held the role of Business Development Director, Automotive, with the responsibility to develop the leather cutting activity worldwide.

Gorham, ME, USA – Montalvo, international specialists in web tension control, has promoted Bryon Williams to Director of Sales and Marketing. Mr. William’s will oversee Montalvo’s North America sales efforts, and global marketing strategy with an emphasis on building relationships within existing and new industries, managing Montalvo’s internal and external sales team, and continuing to further Montalvo’s marketing strategy. Previously Mr. Williams worked as Montalvo’s Global Marketing Manager.

Montalvo’s CEO Robin Goodwin says “Bryon has been with Montalvo since 2010, during which time he has shaped and elevated our global branding and marketing strategy while helping to manage our product portfolio. Bryon is highly committed to delivering excellence both internally and externally, directly benefitting our customers and his colleagues. He will bring this commitment and dedication to his new role, to grow Montalvo even further.”

Before Montalvo, Mr. Williams specialized in customer communication and marketing coordination at JobsintheUS.com and Sunday River Ski Resort. Mr. Williams attended Bryant University and earned a Bachelor’s in Business Administrant in Marking and Communication and is currently earning his Masters of Business Administration in Leadership from Saint Joseph’s College of Maine.

• Revenue up 9.4 percent to EUR 1,726.6 mn
• EBITDA improvement of 23.9 percent to EUR 397.1 mn
• Retail bond of EUR 120 mn redeemed – Lenzing with net liquidity as at end of September
• State-of-the-art application innovation center opened in Hong Kong

Lenzing – The Lenzing Group generated a substantial increase in revenue and earnings in the first nine months of the 2017 financial year compared to the prior-year period. The company is continuing the implementation of its Group strategy sCore TEN in order to further expand the offering of specialty fibers and be even closer to its customers and business partners.

Consolidated revenue climbed 9.4 percent year-on-year to EUR 1,726.6 mn. This increase is mainly attributable to higher prices for all three fiber generations. Consolidated earnings before tax, depreciation and amortization (EBITDA) rose 23.9 percent to EUR 397.1 mn, corresponding to an EBITDA margin of 23 percent, up from 20.3 percent in the prior-year period. Earnings before interest and tax (EBIT) increased by 34.6 percent to EUR 298.4 mn, resulting in a higher EBIT margin of 17.3 percent (Q1-3 2016: 14 percent). The profit for the period improved by 35.3 percent to EUR 219.3 mn, and earnings per share rose 36 percent to EUR 8.12 per share. In September Lenzing redeemed the retail bond of EUR 120 mn. At the end of the reporting period the Group had net liquidity of EUR 16.9 mn.

“In the first three quarters of 2017, we successfully captured value in a very positive market environment and we continue to implement the sCore TEN strategy with great discipline. The opening of our new application innovation center in Hong Kong is an important step to boost our regional innovation capabilities. We were particularly proud to launch TENCELTM Luxe as a sign of Lenzing’s ongoing commitment to innovation and sustainability”, states Stefan Doboczky, Chief Executive Officer of the Lenzing Group. “After three excellent quarters we are confident to deliver substantially better operating results in 2017 compared to 2016, but at the same time we do expect more headwinds in 2018.”

Focus on customer intimacy

In September 2017, the Lenzing Group opened a new application innovation center (AIC) in Hong Kong, thus setting a further milestone in strengthening its innovation offering to all partners along the value chain. New applications for Lenzing fibers will be developed and tested at the new facility, among them applications for recent innovations such as the TENCELTM Luxe branded lyocell filament, the RefibraTM branded lyocell fiber and the EcoVeroTM branded viscose fiber.

Furthermore, new sales and marketing offices were opened in Turkey and South Korea in the first half of 2017. The direct contact to customers and well-equipped showrooms featuring products made of LenzingTM fibers serve as the basis for providing even better customer support.

Investment program in progress

The Lenzing Group aims to increase the share of specialty fibers as a percentage of revenue to 50 percent by 2020. Following the capacity expansion initiatives in Heiligenkreuz (Austria) and Mobile, Alabama (USA) which are both underway, Lenzing announced its intention to construct the next plant to produce TENCEL® fibers in Thailand.

A new era of sustainable production

In October 2017, the Lenzing Group presented a new product, TENCELTM Luxe, at an exclusive event held in Paris. The TENCELTM Luxe branded filament yarn represents Lenzing’s entry in the filament market. This fiber will support the Lenzing Group’s path towards becoming a true specialty player in the market for botanic materials derived from the sustainable raw material wood.

The launch volumes of TENCELTM Luxe are being produced at the Lenzing site. The basic engineering for a commercial scale plant was commenced.

Outlook
Demand development on the global fiber market remains positive within the context of a generally friendly macroeconomic environment. Lenzing expects wood-based cellulose fibers to grow at an even higher rate than the overall fiber market. After three excellent quarters, the Lenzing Group will achieve an operating result in 2017 that is significantly better than 2016.

For 2018, Lenzing sees a number of somewhat opposing factors that limit visibility regarding fiber price developments. Overall market demand is expected to remain high. However, the Group expects a substantial increase on the supply side, especially for viscose but also for cotton. Price trends for selected key raw materials, especially caustic soda, are difficult to predict. Against this background the Lenzing Group expects a much more challenging market environment for standard viscose during the upcoming quarters.

The above-mentioned development reassures the Lenzing Group in its chosen corporate strategy sCore TEN. The Group initiated its transformation from a volume-oriented viscose player to a value-oriented specialty fiber player at the end of 2015, and will continue the disciplined implementation of its business strategy.