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(c) MUNICHFABRICSTART Exhibitions GmbH
31.03.2022

VIEW Premium Selection celebrates a comeback

On 21 - 22 June 2022, the VIEW Premium Selection Autumn.Winter 23/24 welcomes the textile and fashion industry in Munich's MVG Museum.

The VIEW Premium Selection as a preview textile trade show stands for the latest developments, first colour and material trends and the presentation of a selected, high-quality product portfolio in a personal and professional atmosphere.

At the earliest possible date in the season, around 250 brand new collections for Autumn.Winter 23/24 will be presented at VIEW in the areas of FABRICS, ADDITIONALS, DESIGN STUDIOS as well as DENIM and SPORTSWEAR. The internationality of this year's exhibitors deserves mention since in addition to Germany, Italy and Turkey, they also come from France, England, Greece, Spain, Denmark, Hong Kong, China and Japan.

Bellandi, Dynamo, E. Miroglio, Lisa Spa, Manteco, Max Müller, Agentur Püttmann, Set and Tejidos Royo will be on site, along with numerous other manufacturers. The futuristic suppliers We Nordic, Knopf und Knopf, Le Studio Copenhagen, Thermore and Kipas are exhibiting at VIEW for the first time, making the show the basis of information and inspiration for the upcoming season.

On 21 - 22 June 2022, the VIEW Premium Selection Autumn.Winter 23/24 welcomes the textile and fashion industry in Munich's MVG Museum.

The VIEW Premium Selection as a preview textile trade show stands for the latest developments, first colour and material trends and the presentation of a selected, high-quality product portfolio in a personal and professional atmosphere.

At the earliest possible date in the season, around 250 brand new collections for Autumn.Winter 23/24 will be presented at VIEW in the areas of FABRICS, ADDITIONALS, DESIGN STUDIOS as well as DENIM and SPORTSWEAR. The internationality of this year's exhibitors deserves mention since in addition to Germany, Italy and Turkey, they also come from France, England, Greece, Spain, Denmark, Hong Kong, China and Japan.

Bellandi, Dynamo, E. Miroglio, Lisa Spa, Manteco, Max Müller, Agentur Püttmann, Set and Tejidos Royo will be on site, along with numerous other manufacturers. The futuristic suppliers We Nordic, Knopf und Knopf, Le Studio Copenhagen, Thermore and Kipas are exhibiting at VIEW for the first time, making the show the basis of information and inspiration for the upcoming season.

The textile and fashion industry is also invited to the next MUNICH FABRIC START Autumn.Winter 23/24 from 30 August - 01 September 22 at the MOC Munich and to the BLUEZONE from 30 - 31 August 22 on the Zenith Areal. Valuable information, physical exchange and a spirit of innovation as well as a new SOURCING show-in-show concept await the global industry players in Munich.

Source:

MUNICHFABRICSTART Exhibitions GmbH

Oerlikon Barmag celebrates its 100th anniversary (c) Oerlikon Barmag
A look at the state-of-the-art assembly of a WINGS winder
30.03.2022

Oerlikon Barmag celebrates its 100th anniversary

  • Innovation begins with creativity
  • A pioneer of the manmade fiber industry

When the manmade fiber age began a century ago, a German company was responsible for the pioneering work involved. Barmag, established in 1922, was one of the world’s first companies to construct machines for the large-scale production of synthetic staple fibers. To this day, the leading manufacturer of manmade fiber spinning systems and texturing machines in Remscheid – a brand under the aegis of the Swiss Oerlikon Group since 2007 – has shaped technological progress in this sector; in future, with ever more innovations focusing on sustainability and digitalization.

  • Innovation begins with creativity
  • A pioneer of the manmade fiber industry

When the manmade fiber age began a century ago, a German company was responsible for the pioneering work involved. Barmag, established in 1922, was one of the world’s first companies to construct machines for the large-scale production of synthetic staple fibers. To this day, the leading manufacturer of manmade fiber spinning systems and texturing machines in Remscheid – a brand under the aegis of the Swiss Oerlikon Group since 2007 – has shaped technological progress in this sector; in future, with ever more innovations focusing on sustainability and digitalization.

Barmer Maschinenfabrik Aktiengesellschaft (Barmag) is founded in Barmen, located in the Bergische Land region, on March 27, 1922. The German and Dutch founders enter unchartered technological territory, one created as the result of a groundbreaking invention: in 1884, French chemist Count Hilaire Bernigaud de Chardonnet used nitrocellulose to produce the first so-called artificial silk, later known as rayon. The following decades see rapid development focusing on the search for synthetic textile fibers and their manufacturing technologies. As one of the first machine factories, Barmag battles its way through the eventful early years of the manmade fiber industry, the ‘Roaring Twenties’ and the Great Depression – and suffers the extensive destruction of its factories at the end of World War Two. Rebuilding is successful. With the unstoppable success story of purely synthetic plastic fibers such as polyamide, the company flourishes from the 1950s through to the 1970s, establishing sites in all international, for the textile industry at the time important, industrial regions and garnering prestige across the globe in the process. In the ups and downs of expansion, global competition and crises, Barmag reaches the very pinnacle of the market and becomes the preferred technological development partner for the manmade fiber industries in China, India and Turkey. The company has been a high-impact brand under the umbrella of the Oerlikon Group since 2007.

On the wings of innovation
Today, Oerlikon Barmag is a leading supplier of manmade fiber filament spinning systems and part of the Manmade Fibers Solutions business unit of the Oerlikon Polymer Processing Solutions Division. And our aspirations have not diminished: “The striving towards innovation and technological leadership has been, is and will always be part of our DNA”, emphasizes Georg Stausberg, CEO of Oerlikon Polymer Processing Solutions. In the past, this has been observable in such trailblazing innovations as the revolutionary WINGS generation of winders for POY in 2007 and WINGS for FDY in 2012. Currently, the focus of new and further developments is very much on digitalization and sustainability. Here, Oerlikon Barmag has – as one of the world’s first systems manufacturers – been implementing fully-networked smart factories for globally-leading polyester manufacturers since the end of the last decade. Within this context, digital solutions and automation are also helping to provide greater climate and environmental compatibility. This sustainability commitment is not only evidenced by the e-save label introduced for all products back in 2004: Oerlikon is endeavoring to also make all its sites carbon-neutral by 2030 and to acquire its energy exclusively from renewable sources. An ambitious target, whose achievement could be helped by the Oerlikon Barmag anniversary, states Georg Stausberg: “Innovation begins with creativity. And remembering the past provides plenty of motivation and inspiration for the future.”

Three Startups receive the Paint the Future award from AkzoNobel (c) AkzoNobel
24.03.2022

Three Startups receive the Paint the Future award from AkzoNobel

The three winners of the Paint the Future global startup challenge are all set to accelerate their innovative solutions for the paints and coatings industry. Following an intense three-day bootcamp, these startups were selected by an international jury to continue working with AkzoNobel on sustainable business opportunities.
 
These are the three winners of the Paint the Future global startup challenge:

  • SolCold (Israel) - Sustainable self-cooling coating based on anti-Stokes
  • Aerones (Latvia) - Robotics for wind turbine maintenance
  • SprayVision (Czech Republic) - Data-driven approach to optimal spray application of paint

“Through Paint the Future, we’re bringing innovation and sustainability together as a key driver of our business,” says Thierry Vanlancker, AkzoNobel CEO. “In our ecosystem, we collaborate with startups, suppliers, customers and academia around exciting solutions that will ensure a more sustainable future.”

The three winners of the Paint the Future global startup challenge are all set to accelerate their innovative solutions for the paints and coatings industry. Following an intense three-day bootcamp, these startups were selected by an international jury to continue working with AkzoNobel on sustainable business opportunities.
 
These are the three winners of the Paint the Future global startup challenge:

  • SolCold (Israel) - Sustainable self-cooling coating based on anti-Stokes
  • Aerones (Latvia) - Robotics for wind turbine maintenance
  • SprayVision (Czech Republic) - Data-driven approach to optimal spray application of paint

“Through Paint the Future, we’re bringing innovation and sustainability together as a key driver of our business,” says Thierry Vanlancker, AkzoNobel CEO. “In our ecosystem, we collaborate with startups, suppliers, customers and academia around exciting solutions that will ensure a more sustainable future.”

Paint the Future startup challenges are designed to connect startups with industry knowledge and expertise to help accelerate their solutions in the paints and coatings industry. This Paint the Future global startup challenge launched May 18, 2021, attracting 245 submissions from 62 countries. Ten finalists were invited to Amsterdam to participate in the bootcamp program.
 
This is AkzoNobel’s second global startup challenge, following its industry-first predecessor in 2019. Regional startup challenges have since been held in Brazil (2020), China (2021), and most recently in India (2022).

More information:
AkzoNobel Sustainability Coatings
Source:

AkzoNobel

Intertextile and Yarn Expo spring show dates to be adjusted
Intertextile and Yarn Expo spring show dates to be adjusted
23.03.2022

Intertextile and Yarn Expo spring show dates to be adjusted

In response to pandemic containment efforts, Intertextile Shanghai Apparel Fabrics – Spring Edition and Yarn Expo Spring will be merged with the respective Autumn Editions of the shows from 29 – 31 August, whilst Intertextile Home Textiles will also be moved to the same aforementioned dates. The fairs will still take place at the National Exhibition and Convention Center in Shanghai where they were originally due to be held from 14 – 16 April 2022.
 

In response to pandemic containment efforts, Intertextile Shanghai Apparel Fabrics – Spring Edition and Yarn Expo Spring will be merged with the respective Autumn Editions of the shows from 29 – 31 August, whilst Intertextile Home Textiles will also be moved to the same aforementioned dates. The fairs will still take place at the National Exhibition and Convention Center in Shanghai where they were originally due to be held from 14 – 16 April 2022.
 
Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd explained the decision: “In view of recent outbreaks in multiple provinces and cities in China, and to support the government’s pandemic control measures, the organisers of the fairs have decided to adjust the three spring shows by combining the Spring and Autumn Editions of Intertextile Apparel and Yarn Expo, and holding these concurrently with the Spring Edition of Intertextile Home. The decision is necessary to reduce the risk of transmission and to ensure the welfare of all our participants. We will keep in close communication with all parties involved and we look forward to providing an effective sourcing platform for the textile industry when it is safe to do so. As we continue to adapt during these challenging times, we’d like to express our thanks to all participants for their unwavering understanding and support.”
 
Intertextile Shanghai Apparel Fabrics is co-organised by Messe Frankfurt (HK) Ltd; the Sub-Council of Textile Industry, CCPIT; and the China Textile Information Centre. The co-organisers of Yarn Expo are Messe Frankfurt (HK) Ltd and the Sub-Council of Textile Industry, CCPIT. Intertextile Shanghai Home Textiles is co-organised by Messe Frankfurt (HK) Ltd; the Sub-Council of Textile Industry, CCPIT; and the China Home Textile Association (CHTA). 

Source:

Messe Frankfurt (HK) Ltd

Photo: Ralph Koch for Mayer & Cie.
23.03.2022

Mayer & Cie.: Successful 2021 - Digitisation, Sustainability and Modernisation topics for 2022

Looking back, 2021 was a positive year for the Albstadt-based circular knitting machine and braiding machine manufacturer Mayer & Cie. After two tough years, sales exceeded Euro 100 million again last year, and the outlook for this year is promising, with production working at long-term full capacity in the circular knitting machine sector.

Looking back, 2021 was a positive year for the Albstadt-based circular knitting machine and braiding machine manufacturer Mayer & Cie. After two tough years, sales exceeded Euro 100 million again last year, and the outlook for this year is promising, with production working at long-term full capacity in the circular knitting machine sector.

In order to maintain its market edge Mayer & Cie. continues to rely on digitisation of both its processes and its products. Substantial investment at its headquarters location, especially in machinery, is on the Mayer & Cie. agenda for 2022. In the years ahead a range of production machinery – lathes, gear cutting and grinding machines – is to be replaced at a scheduled cost running into low double-digit millions. Last year saw an investment in a robot-controlled laser hardening system for heat-treating machine components. The company passes an energy upgrade milestone these days with launching its new CHP cogeneration units.  
 
“Compared with 2020, our Group sales were up by about 40 per cent in 2021,” said Mayer & Cie. Managing Director Benjamin Mayer. After two difficult years in 2019 and 2020 the circular knitting machine manufacturer was able last year to restore sales to a stable level of about 103 million Euro. And it could have achieved an even better result. “Supply chain problems hampered production perceptibly,” the company’s managing director said. “In view of the order situation up to five per cent more might have been possible.” The Albstadt textile machinery manufacturer’s order position has stayed at a sound, high level since the fourth quarter of 2020, and orders in hand will already keep the circular knitting machine division busy until the end of the year, with orders coming in from all over the world, but especially, and with no change, from the company’s core markets Turkey, China and India.

The Management views with concern, however, the conflict in the Ukraine, which at first glance may not affect the sales market directly but might lead to general purchasing restraint in the capital goods sector that like the trade war between the United States and China, which began in 2018, would also affect Mayer & Cie. In addition, effects of the conflict such as high energy prices and interruptions in material supplies and logistics pose a genuine challenge in the further course of the year.

In the braiding machine division, the order position recovered in 2021. Sales of new machines and, especially, spare parts exceeded the 2020 figures significantly. Mayer & Cie. has once more won an award for its in-house and external digitisation measures as one of the most innovative German SMEs. The textile machinery manufacturer won a 2022 Top 100 award for its innovative processes in particular.

Source:

Mayer & Cie.

17.03.2022

Italian Textile Machinery at Techtextil North America 2022

The next edition of Techtextil North America will take place in Atlanta from May 17nd to 19th.  At Atlanta ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency organize an Italian Pavilion, where 17 Italian machinery manufacturers involved in the production of machines for technical textiles will show their innovative solutions.

ACIMIT members exhibiting in the Italian Pavilion are: 4M Plants, Aeris, Arioli, Computer House, Fadis, Flainox, Guarneri Technology, Ima, Kairos Engineering, Mcs, Ramina, Siltex, Stalam, Testa, Willy.

The US textile industry is one of the top in US manufacturing sector, with a sales volume of exceeding US$ 64 billion in 2020, with approximately 300,000 workers and about 15,000 companies. The industry's strength lies in cotton, man-made fibers, and a wide variety of yarns and fabrics, including those for apparel and industrial uses.

The next edition of Techtextil North America will take place in Atlanta from May 17nd to 19th.  At Atlanta ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency organize an Italian Pavilion, where 17 Italian machinery manufacturers involved in the production of machines for technical textiles will show their innovative solutions.

ACIMIT members exhibiting in the Italian Pavilion are: 4M Plants, Aeris, Arioli, Computer House, Fadis, Flainox, Guarneri Technology, Ima, Kairos Engineering, Mcs, Ramina, Siltex, Stalam, Testa, Willy.

The US textile industry is one of the top in US manufacturing sector, with a sales volume of exceeding US$ 64 billion in 2020, with approximately 300,000 workers and about 15,000 companies. The industry's strength lies in cotton, man-made fibers, and a wide variety of yarns and fabrics, including those for apparel and industrial uses.

In 2021, the USA represented the third market for Italian textile machinery exports, behind China and Turkey. In 2021 January-September period the value of Italian sales to US market was 93 million Euros, an increase of 74% compared to the same period of the previous year.

More information:
Techtextil North America ACIMIT
Source:

ACIMIT

16.03.2022

TMAS: TEXO AB sees Demand for Compfelt Weaving Looms

TEXO AB, a member of TMAS, the Swedish textile machinery association, is currently seeing a surge in demand for its Compfelt weaving looms for press felt base fabrics.

“These are far from standard machines,” explains TEXO President Anders Svensson. “Off-the-shelf industrial weaving machines generally range in their working widths from 1.9 to 3.2 metres, with those purpose-built for technical applications such as geotextiles extending to wider widths of six metres and beyond. Meanwhile, one of the machines we have recently successfully delivered and commissioned has a working width of 23 metres and is not even the widest of the many such machines the company has engineered and delivered worldwide since its formation.”

A second recently-delivered line has a more modest working width – in relative terms – of 13 metres.

TEXO AB, a member of TMAS, the Swedish textile machinery association, is currently seeing a surge in demand for its Compfelt weaving looms for press felt base fabrics.

“These are far from standard machines,” explains TEXO President Anders Svensson. “Off-the-shelf industrial weaving machines generally range in their working widths from 1.9 to 3.2 metres, with those purpose-built for technical applications such as geotextiles extending to wider widths of six metres and beyond. Meanwhile, one of the machines we have recently successfully delivered and commissioned has a working width of 23 metres and is not even the widest of the many such machines the company has engineered and delivered worldwide since its formation.”

A second recently-delivered line has a more modest working width – in relative terms – of 13 metres.

Paper machines
The demand for such machines comes from the suppliers of paper machine clothing (PMC) to paper mills, who in turn operate colossal machines for paper manufacturing.
On of the largest paper making machines is currently believed to be located on Hainan Island off the southern coast of China and is 428 metres long – roughly the length of four football pitches. Naturally, such machines require equally large-scale components, which is where TEXO comes in. All paper machines require a regular supply of PMC fabrics which are employed in three separate areas of the paper machine – the forming section, the press section and the drying section.

Press felts
TEXO Compfelt weaving machines are specifically employed for the production of endless (tubular) woven base fabrics for the press section of paper machines, where water is mechanically removed from the newly formed sheet of fibres. In the simplest press, the sheet is carried by the PMC fabric between two rolls, where water is squeezed out by the application of load and pressure. This can also be assisted by the use of vacuum and heat. The PMC fabrics here need to be replaced regularly, with a maximum lifespan of six months.

Press felts have become increasingly sophisticated over the years, consisting of complex woven base structures which are subsequently combined with nonwovens via needlepunching on equally huge machines. The woven base fabrics are primarily made from polyamide for its strength and hygroscopic and elastic properties.

Dobby harness
“A major refinement of the machine has been the ability to equip it with up to 24 dobby harness frames to meet the demand for sophisticated structures from the PMC manufacturers. Although the PMC business represents a small proportion of the total cost of manufacturing paper, it can have a significant impact on the quality of the paper, the efficiency of a machine and machine production rates.”

Another significant development has been that of a self supporting base pre-filled with concrete, which has eliminated the need to dig out foundations in a plant to support the machine.

Retrofits
TEXO’s looms are built to last, but technology moves forward, and the company is also currently active in the retrofitting of existing machines built as far back as the 1970s.

Integration
TEXO has also just integrated its offices and production centre at its base in Älmhult, Sweden, to create a unified 5,000 square metre site.

Source:

TMAS / AWOL Media

14.03.2022

IDEA®22 with a Vital World View of Nonwovens

  • Expert Speakers Delivering Key Region Market Updates

Industry leaders will gain a compelling region-by-region view of the nonwovens industry from experts presenting the latest nonwovens trends in their areas of the world at IDEA®22, March 29-31 in Miami Beach.

Speakers with the latest knowledge will deliver important nonwoven market updates, demand forecasts and research findings on the industry in China, Asia, South America, North America and Europe.

The conference will explore how each region has responded to the pandemic challenges and supply chain issues with new innovations and solutions, providing IDEA®  attendees with vital insights for decision-making.

Program highlights include:

  • Expert Speakers Delivering Key Region Market Updates

Industry leaders will gain a compelling region-by-region view of the nonwovens industry from experts presenting the latest nonwovens trends in their areas of the world at IDEA®22, March 29-31 in Miami Beach.

Speakers with the latest knowledge will deliver important nonwoven market updates, demand forecasts and research findings on the industry in China, Asia, South America, North America and Europe.

The conference will explore how each region has responded to the pandemic challenges and supply chain issues with new innovations and solutions, providing IDEA®  attendees with vital insights for decision-making.

Program highlights include:

  • Overview and Green Innovation Development of China’s Nonwovens Industry,  by Guimei Li, Vice President, China Nonwovens and Industrial Textiles Association (CNITA) on March 29
  • South America – Land of Opportunity or Land of Turbulence? The Recent History and Trends That Are Shaping the South American Nonwovens Market, presented by Mariana Mynarski, Corporate Marketing Manager, Fitesa on March 29
  • Asian Nonwovens Production and Market Update by Chan-Hyou Park, Chairman, Asia Nonwoven Fabrics Association (ANFA) on March 30
  • Understanding the State of the North American Nonwovens Industry and a Market Gone Mad presented by Brad Kalil, INDA Director of Market Intelligence and Economic Insights on March 31
  • An Overview of Key Issues Facing Nonwovens on Top of European Market Trends presented by Pierre Wiertz, General Manager, EDANA on March 31

IDEA® Award Presentations
Another conference highlight will be the presentation of the IDEA® 2022 Achievement Awards in partnership with Nonwovens Industry magazine, based on the results of online voting in six categories as well as the announcement of the first Sustainability Advancement Award on March 30.

IDEA® – the World’s Preeminent Event for the Nonwovens & Engineered Fabrics Industry – will feature several hundred exhibitors from a myriad of industry sectors and is expected to once again draw an audience of several thousand senior-level buyers and attendees from over 60 countries to the Miami Beach Convention Center. A welcome reception will be held to officially kick off the event on March 28.

IDEA®22 Essentials of Nonwovens Training Courses
Product developers, marketing managers, technical sales, support and other professionals can expand their industry-focused knowledge by attending the IDEA®22 Essentials of Nonwovens Training Courses.

This vital training program will provide an immersive dive into the latest nonwoven technologies, industry segments and more with courses on absorbent hygiene cores, making nonwovens, industrial wipes and consumer wipes.

A must-attend educational session on patent searching on March 31 will cover the latest major changes in patent searches on the United States Patent and Trademark Office (USPTO) website that has been updated to enhance user experience. 

More information:
IDEA IDEA® Achievement Award
Source:

IDEA

Lenzing’s pavilion makes a green debut at Intertextile Shanghai Home Textiles (c) Intertextile Shanghai Home Textiles
Intertextile Shanghai Home Textiles
09.03.2022

Lenzing’s pavilion makes a green debut at Intertextile Shanghai Home Textiles

Sustainability has become a major trend in the global home textiles industry. It is more common nowadays to find natural and sustainable fibres in an extensive range of home furnishing products. From this angle, the Lenzing Group (Lenzing) will take led in a brand new pavilion at Intertextile Shanghai Home Textiles – Spring Edition. Lenzing is the world’s leading manufacturer of renewable specialty fibres, and will highlight the latest eco-friendly fibres that can meet the ever-rising sourcing demand. The fair is set to take place from 14 – 16 April 2022 at the National Exhibition and Convention Center (Shanghai).

Sustainability has become a major trend in the global home textiles industry. It is more common nowadays to find natural and sustainable fibres in an extensive range of home furnishing products. From this angle, the Lenzing Group (Lenzing) will take led in a brand new pavilion at Intertextile Shanghai Home Textiles – Spring Edition. Lenzing is the world’s leading manufacturer of renewable specialty fibres, and will highlight the latest eco-friendly fibres that can meet the ever-rising sourcing demand. The fair is set to take place from 14 – 16 April 2022 at the National Exhibition and Convention Center (Shanghai).

As an upswing from the growing public awareness of environmental issues, consumers are now more willing to switch to sustainable products. According to a CottonWorks’ survey, 90% of the interviewed Chinese consumers want their home textiles to be environmentally friendly[1]. It also found that more consumers are paying attention to the fibre content that can deliver safe and sustainable home textiles.
Furthermore, the Chinese government’s ‘Outline Of the Development of the Textile Industry during the 14th Five Year Plan’, also encourages the acceleration of low cost, functional and sustainable renewable fibres in the local textile industry.

The Lenzing satellite pavilion: a one-stop platform for green home textile materials
To help home textile suppliers source a variety of eco-friendly materials efficiently, one of the fair’s long-time exhibitors is set to form a new pavilion at the upcoming Spring show. Lenzing, the Austrian brand widely known for its ecologically responsible production of specialty fibres made from renewable raw material wood, gathers seven of its local downstream supply chain manufacturers to showcase their renewable products.

Mr David Dai, Senior Commercial Director Textile China of Lenzing spoked about why they decided to organise a new pavilion at the show: “As we received positive feedback from our pavilion at Intertextile Shanghai Apparel Fabrics, our business partners from the home textile supply chain were hoping for a similar arrangement in this sector. We believe all the participating manufacturers can benefit from this pavilion by finding ways to better serve their clients and consumers.”

Brands in the Lenzing satellite pavilion will include:
•    Lenzing Group will introduce the first Carbon-zero TENCEL™ fibres which are CarbonNeutral™ certified products by Natural Capital Partner.
•    Botou Jinglun Textiles Co Ltd focuses on new fibre yarns. The company develops multi-component yarns for cotton, wool, silk and linen with combinations of MODAL, TENCEL™ fibres and various functional materials.
•    Fujian Yongtai County Huaerjin Textile Co Ltd provides high-quality, natural, renewable pure and blended yarns including TENCEL™ fibres, US cotton, Australian cotton, acrylic cotton, silk and other plant-based yarns.
•    Jiangsu Dasheng Group Co Ltd has one of the largest cellulosic fibre yarn spinning mills in China and focuses on producing top-quality home textiles.
•    Qingdao Textiles Group produces natural fibres, cellulose fibres, copper antimicrobial fibres and other nature-based materials for home and contract textiles.
•    Suzhou Zhenlun Spinning Co Ltd is an advanced enterprise specialising in regenerated cellulose yarns like ECO VERO, FSC Viscose, Circulose, Carbon Zero Yarn and more.
•    Ton Design Industrial Co Ltd produces medium and high-end bedding fabrics. The brand’s TENCEL™ Lyocell fibres and TENCEL™ fibres blend cotton series products are certified by Lenzing.
•    Wuxi Tianmu Extra Width Printing Dyeing Co Ltd mainly produces extra-wide, high-count and high-density down-proof fabrics and fabrics for bedding. The technique can handle different procedures for dealing with pure cotton, bamboo fibres, TENCEL™ fibres and other fibre fabrics.

In addition to the new pavilion, a number of other featured exhibitors will also showcase their sustainable products at the fair. This includes Cotton Council International (CCI) promoting US cotton fibres and cotton products, and Zhangjiagang Coolist Life Technology Co Ltd bringing their unique bedding products made from organic and environmental-friendly materials.

09.03.2022

Financial Year 2021

  • Order intake of CHF 2 225.7 million at record level
  • Sales of CHF 969.2 million despite bottlenecks in the supply chains
  • EBIT margin of 4.9% and net profit of 3.3% of sales
  • Milestones achieved in strategy implementation
  • Dividend of CHF 4.00 per share proposed
  • Outlook

The 2021 financial year was characterized by a rapid market recovery. As market and technology leader, Rieter succeeded in this environment in posting a record order intake, significantly increased sales compared with the previous year despite the bottlenecks in the supply chains, and generated an EBIT margin of 4.9%. This success is based on the investments in innovation and competitiveness of Rieter in recent years. Crisis management in the 2020 pandemic year, which aimed at benefiting from the expected market recovery after the pandemic, was also a contributing factor. With the acquisition of three businesses from the Saurer Group, a further milestone in the implementation of the strategy has been achieved.

  • Order intake of CHF 2 225.7 million at record level
  • Sales of CHF 969.2 million despite bottlenecks in the supply chains
  • EBIT margin of 4.9% and net profit of 3.3% of sales
  • Milestones achieved in strategy implementation
  • Dividend of CHF 4.00 per share proposed
  • Outlook

The 2021 financial year was characterized by a rapid market recovery. As market and technology leader, Rieter succeeded in this environment in posting a record order intake, significantly increased sales compared with the previous year despite the bottlenecks in the supply chains, and generated an EBIT margin of 4.9%. This success is based on the investments in innovation and competitiveness of Rieter in recent years. Crisis management in the 2020 pandemic year, which aimed at benefiting from the expected market recovery after the pandemic, was also a contributing factor. With the acquisition of three businesses from the Saurer Group, a further milestone in the implementation of the strategy has been achieved. The acquisition strengthens Rieter’s market position by completing the ring and compact-spinning system. With the laying of the foundation stone for the Rieter CAMPUS in September 2021, an important prerequisite for the expansion of the company’s technology leadership has been created.

Order Intake and Sales
At the end of 2021, the company had an order backlog of around CHF 1 840 million (December 31, 2020: around CHF 560 million). Rieter closed the 2021 financial year with sales of CHF 969.2 million, which corresponds to an increase of 69% compared to the previous year (2020: CHF 573.0 million).

EBIT, Net Profit and Free Cash Flow
The profit at the EBIT level in the 2021 financial year was CHF 47.6 million, which represents 4.9% of sales. At the net profit level, a profit of CHF 31.7 million accrued, which corresponds to 3.3% in relation to sales. Free cash flow at CHF 128.1 million is a result of the positive developments in earnings and net working capital. The acquisition of three businesses from the Saurer Group for a purchase price of CHF 321.4 million resulted in net debt of CHF 161.9 million; as of December 31, 2020, net liquidity amounted to CHF 41.3 million. At December 31, 2021, liquid funds amounted to CHF 249.4 million (2020: CHF 283.2 million). The equity ratio as of December 31, 2021, was 27.6% (previous year’s reporting date: 36.4%).

Sales by Region
Sales increased in all regions, with the exception of Africa. The highest growth of CHF 126.0 million compared to CHF 50.8 million in the previous year was achieved in India, followed by North and South America with CHF 149.9 million in 2021 compared to CHF 66.4 million in the previous period, and the Asian countries excluding China, India and Turkey with CHF 318.7 million (2020: CHF 184.8 million). In Turkey, Rieter increased sales to CHF 182.3 million (2020: CHF 122.0 million), in China to CHF 135.3 million (2020: CHF 92.8 million) and in Europe to 43.3 million (2020: CHF 38.4 million). In Africa, sales were below the prior-year level at CHF 13.7 million (2020: CHF 17.8 million).

Business Groups
Despite the well-known challenges in the supply chain, the Business Group Machines & Systems posted an order intake of CHF 1 708.6 million (2020: CHF 363.9 million) and achieved sales of CHF 590.3 million, double the previous year’s figure (2020: CHF 295.8 million). Ring and compact-spinning systems, on whose customer benefits Rieter has worked intensively in recent years, were particularly in demand.
The order intake of the Business Group Components was CHF 296.0 million, 75% above the previous year’s level (2020: CHF 169.1 million). Against the backdrop of successful strategy implementation and good capacity utilization at spinning mills worldwide, sales increased to CHF 231.5 million (2020: CHF 174.3 million). The Business Group After Sales recorded an order intake of CHF 221.1 million, 106% higher than the previous year (2020: CHF 107.2 million). Sales reached a level of CHF 147.4 million (2020: CHF 102.9 million). The positive evolution of the Business Group After Sales was also significantly influenced by successful strategy implementation and good capacity utilization at spinning mills around the world.

Acquisition of three Saurer businesses
Effective from December 1, 2021, Rieter is consolidating the components businesses acquired from Saurer. With the acquisition of Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines), Rieter is strengthening its market position in the components business. The acquisition of the third business from Saurer (automatic winder) completes and thus considerably increases the attractiveness of Rieter’s ring and compact-spinning system. This acquisition marks an important milestone in the implementation of the company’s strategy as an innovative systems supplier. The transaction is expected to be finalized in the first half of 2022.

Rieter CAMPUS
On September 8, 2021, at the Winterthur location, the foundation stone was laid for the Rieter CAMPUS, which includes a customer and technology center as well as an administration building. With the Rieter CAMPUS, the company is creating a state-of-the-art and creative working environment, ensuring access to cutting-edge European technology and enhancing its ability to attract young talent. Thus, the Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and to the enhancement of the company’s technology leadership position.

Dividend
In view of the profit of CHF 31.7 million at the net profit level in the 2021 financial year, the Board of Directors proposes to the shareholders for 2021 the distribution of a dividend of CHF 4.00 per share. This corresponds to a payout ratio of 57%.

Changes to the Group Executive Committee
With effect from March 1, 2021, the Board of Directors of Rieter Holding AG appointed Roger Albrecht as Head of the Business Group Machines & Systems and a member of the Group Executive Committee.

Board of Directors and Annual General Meeting
At the 130th Annual General Meeting held on April 15, 2021, the shareholders approved all motions proposed by the Board of Directors. The Chairman of the Board Bernhard Jucker and the Directors This E. Schneider, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi and Luc Tack were confirmed for a further one-year term of office. Stefaan Haspeslagh was newly elected to the Board of Directors for a one-year term of office. This E. Schneider, Hans-Peter Schwald and Bernhard Jucker, the members of the Remuneration Committee who were standing for election, were also each re-elected for a one-year term of office.

Changes to the Board of Directors
The two members of the Board of Directors, Luc Tack and Stefaan Haspeslagh, resigned from Rieter’s Board of Directors with effect from August 30, 2021.

Outlook
Rieter anticipates a gradual normalization of the demand for new systems in the coming months. The company expects demand for wear and spare parts to remain at a good level due to high capacity utilization at spinning mills. For the full year 2022, due to the high order backlog and the consolidation of the businesses acquired from Saurer, Rieter anticipates sales of around CHF 1 500 million. Sales in the second half of 2022 are expected to be higher than in the first half of the year. The realization of sales from the order backlog continues to be associated with risks in relation to the well-known bottlenecks in the supply chains, the ongoing pandemic and the geopolitical uncertainties. Despite the price increases already implemented, the rise in global costs poses a risk to the development of profitability.

Source:

Rieter Holding AG

02.03.2022

Indorama Ventures reports record FY2021 performance as the global recovery drove volumes

  • IVL commits to being an industry leader in sustainability under ‘Vision 2030’

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today reported a record FY2021 performance as the economic recovery drove demand across the company’s global footprint. 

Mr Aloke Lohia, Indorama Ventures Group CEO, said: “In 2021 we proved the resilience of our global footprint and our integrated portfolio across the polyester value chain. The past two years were an unprecedented period of disruption in which our business model’s robustness and our teams’ agility were tested. Having reset our business plan for the ‘new normal’ era, I have never been more confident in our model, our strategy, and our teams."

2021 Summary

In 2021, IVL delivered Core EBITDA of US$1,743 million (up 55% YoY) on production volumes of 14.72 MMT (up 7% YoY). Consolidated Revenue increased 38% YoY to US$14,629 million as consumer confidence rebounded and the company’s resilient model benefited from rising inflation, energy price hikes and supply chain shocks.

  • IVL commits to being an industry leader in sustainability under ‘Vision 2030’

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today reported a record FY2021 performance as the economic recovery drove demand across the company’s global footprint. 

Mr Aloke Lohia, Indorama Ventures Group CEO, said: “In 2021 we proved the resilience of our global footprint and our integrated portfolio across the polyester value chain. The past two years were an unprecedented period of disruption in which our business model’s robustness and our teams’ agility were tested. Having reset our business plan for the ‘new normal’ era, I have never been more confident in our model, our strategy, and our teams."

2021 Summary

In 2021, IVL delivered Core EBITDA of US$1,743 million (up 55% YoY) on production volumes of 14.72 MMT (up 7% YoY). Consolidated Revenue increased 38% YoY to US$14,629 million as consumer confidence rebounded and the company’s resilient model benefited from rising inflation, energy price hikes and supply chain shocks.

Macroeconomic tailwinds supported IVL’s performance, including government stimulus packages. In premium western markets, higher freight rates improved the company’s local import parity pricing advantage. In the fourth quarter, the introduction of China’s dual control policy widened polyester margins. 

IVL’s largest Combined PET segment posted a 39% increase in Core EBITDA to US$1,103 million in the context of strong demand and low inventories. The resetting of PET contracts in 2022 is expected to capture higher freight rates and the consequent beneficial impact on import parity. The segment is expected to enjoy improved margins in 2022.

Integrated Oxides & Derivatives (IOD) recorded a Core EBITDA of US$377 million, up 228% from a year earlier. With higher oil prices expected to continue into 2022, the segment will continue to benefit from shale gas economics, improving MEG spreads, and upside from Lake Charles (IVOL) ethylene cracker, which resumed operations in late 2021. The Oxiteno acquisition, expected to close in H1 2022, will bring complementary products, green energy innovation, and geographical diversification to the IOD segment.

Fibers segment delivered a 37% increase in Core EBITDA of US$268 million as volumes rose 11%. Margins widened due to tighter markets and a favorable product mix, with setbacks coming from energy and commodity price increases, while the ongoing semiconductor shortage impacted the Mobility vertical.

Mr D K Agarwal, CEO and CFO at Indorama Ventures, said: “The performance was a result of a number of important macroeconomic factors, such as heightened crude oil prices, supply disruptions, and resurgent consumer confidence as vaccinations were rolled out in the pandemic’s second full year. These factors led to improved margins and benefited us as a preferred regional supplier that can react quickly to fulfill our customer needs. Our transformation programs that we started three years ago are also delivering efficiency gains faster than planned. As the world emerges from the pandemic, our increased confidence in IVL’s resilient model sets a strong foundation for further growth through 2024.”

Source:

Indorama Ventures Public Company Limited

24.02.2022

NCTO: Deputy U.S. Trade Representative Sarah Bianchi visits Shawmut Corporation

Shawmut Corporation hosted Deputy United States Trade Representative Sarah Bianchi at the company’s headquarters and state-of-the-art manufacturing facility in West Bridgewater, Mass., as part of the ambassador’s inaugural visit to textile manufacturing facilities in the New England area.

Ambassador Bianchi’s visit comes at a pivotal time for the U.S. textile supply chain, which produced $64 billion in output in 2020 and employed nearly 530,000 workers. Shawmut Corporation is part of the broader U.S. textile industry that has been at the forefront of a domestic production chain that has collectively manufactured over one billion personal protective equipment (PPE) items during the COVID-19 pandemic.

Shawmut Corporation hosted Deputy United States Trade Representative Sarah Bianchi at the company’s headquarters and state-of-the-art manufacturing facility in West Bridgewater, Mass., as part of the ambassador’s inaugural visit to textile manufacturing facilities in the New England area.

Ambassador Bianchi’s visit comes at a pivotal time for the U.S. textile supply chain, which produced $64 billion in output in 2020 and employed nearly 530,000 workers. Shawmut Corporation is part of the broader U.S. textile industry that has been at the forefront of a domestic production chain that has collectively manufactured over one billion personal protective equipment (PPE) items during the COVID-19 pandemic.

The ambassador’s visit to Shawmut included a tour of the company’s manufacturing facility and a roundtable discussion highlighting the critical need for policies supporting a domestic supply chain and the innovative nature of the modern textile industry and its important contribution to the U.S. economy. Shawmut, a fourth-generation, family-run global advanced materials and textile manufacturer, is a global leader in automotive textile composites, innovative technical fabrics and custom laminating services, employing more than 700 employees worldwide with 10 global manufacturing plants and seven commercial offices. The company has also contributed greatly to U.S. PPE efforts, investing $20 million in a new state-of-the-art facility, which can produce up to 180 million NIOSH-approved N95 respirators and other PPE annually and created hundreds of new local jobs.

Ambassador Bianchi said, “Today’s tour of Shawmut’s manufacturing facilities and the roundtable discussion with textile industry executives was an invaluable opportunity for me to see innovative U.S. textile manufacturing first-hand, to learn more about the challenges that U.S. textile manufacturing faces, and to explore ways in which the Administration and industry can cooperate to support a worker-centric trade policy.”

During the visit, U.S. textile executives spanning the fiber, yarn, fabric, and finished product textile and apparel industries participated in a roundtable with the ambassador at which they discussed the innovative achievements and competitiveness of the domestic industry and outlined priority issues in Washington, such as the importance of Buy American and Berry Amendment government procurement policies, maintaining strong rules of origins in free trade agreements and the need to address larger systemic trade issues with China.

17.02.2022

ANDRITZ to supply needlepunch lines to China

International technology group ANDRITZ has received an order from Yanpai Filtration Technology Co., Ltd. (YANPAI®), China, to supply four needlepunch lines to its site in Tiantai. Start-up of the lines is planned from the third quarter of 2022 to the third quarter of 2023.

ANDRITZ will deliver customized needlepunch lines for production of high-quality needlepunch filter felts. The drylaid web-forming equipment (cards and crosslappers) will be manufactured at the ANDRITZ Wuxi premises, including 8 PRO 25-80 aXcess profile crosslappers for controlled web weight evenness. The 16 eXcelle needlelooms will be supplied by ANDRITZ Asselin-Thibeau in France. The needlepunch lines shall ensure high output and also minimize the downtime required.

YANPAI is one of the leading Chinese producers of nonwoven filters for dust and air treatment and for woven filter fabrics used in solid/liquid separation. Established in 1990, YANPAI was at the forefront in the development of new industrial filtration fabrics. Today, YANPAI is a company with facilities in China and the USA.

International technology group ANDRITZ has received an order from Yanpai Filtration Technology Co., Ltd. (YANPAI®), China, to supply four needlepunch lines to its site in Tiantai. Start-up of the lines is planned from the third quarter of 2022 to the third quarter of 2023.

ANDRITZ will deliver customized needlepunch lines for production of high-quality needlepunch filter felts. The drylaid web-forming equipment (cards and crosslappers) will be manufactured at the ANDRITZ Wuxi premises, including 8 PRO 25-80 aXcess profile crosslappers for controlled web weight evenness. The 16 eXcelle needlelooms will be supplied by ANDRITZ Asselin-Thibeau in France. The needlepunch lines shall ensure high output and also minimize the downtime required.

YANPAI is one of the leading Chinese producers of nonwoven filters for dust and air treatment and for woven filter fabrics used in solid/liquid separation. Established in 1990, YANPAI was at the forefront in the development of new industrial filtration fabrics. Today, YANPAI is a company with facilities in China and the USA.

More information:
Andritz AG needlepunch line
Source:

Andritz

16.02.2022

"European textile industry needs to grow its role on global markets"

Statement

On the occasion of the EU-Africa Business Summit, EURATEX is re-iterating the ambition of the European textile industry to grow its role on global markets, including the African continent.

The textile ecosystem is considered the 2nd most globalised sector of the European economy ; it is built on globalised supply chains and fierce competition with China, US, Bangladesh, Turkey and many others. Imports are now peaking at €115 billion (ca. 60% garments and 40% textiles), with a dramatic increase of imported medical textiles (face masks) in 2020. Every year, 22 billion pieces of textile and garment products are brought into the EU Single market.

Statement

On the occasion of the EU-Africa Business Summit, EURATEX is re-iterating the ambition of the European textile industry to grow its role on global markets, including the African continent.

The textile ecosystem is considered the 2nd most globalised sector of the European economy ; it is built on globalised supply chains and fierce competition with China, US, Bangladesh, Turkey and many others. Imports are now peaking at €115 billion (ca. 60% garments and 40% textiles), with a dramatic increase of imported medical textiles (face masks) in 2020. Every year, 22 billion pieces of textile and garment products are brought into the EU Single market.

Europe’s answer to this competitive pressure must be to invest even more on quality and innovative products, made in a sustainable manner. As emerging markets evolve, the appetite for better quality, comfort and design will grow. The ability and willingness to purchase technical textiles, which offer solutions to durability and improved performance, will increase. That is where Europe can be successful. To illustrate: the EU’s exports to China have increased by 33% in 2021 (first 11 months).

In its vision paper on the future of European textiles and apparel, EURATEX has confirmed its ambition to increase the global market share of the European textile industry. Strengthening relations with nearby Turkey and North African countries is important in this regard, offering opportunities for nearshoring. The African continent at large offers trade and investment opportunities, provided the business climate is stable and transparent.

Relations with the UK and Switzerland need to be optimised; especially Brexit has caused serious damage to bilateral trade flows (-33% export to the UK during Jan-Nov 2021). The Mercosur FTA offers interesting opportunities for the European textile industry; it should be ratified as soon as possible. We need to work with the US on mutual recognition of standards and setting global environmental and social rules. We call upon India to make an honest proposal for the upcoming free trade negotiations, which will ensure full and fair access to the Indian market.

European textile and apparel companies (mostly SMEs) need to be accompanied to exploit these market opportunities. At the same time, they need to be protected from unfair competition, e.g. products who do not comply with stringent EU standards and procedures. This requires more effective market surveillance.

More information:
Euratex Competition market share
Source:

Euratex

04.02.2022

NCTO welcomes House Passage of America COMPETES Act

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, issued a statement welcoming House passage of the America COMPETES Act, a legislative package that will help close the de minimis loophole on duty-free imports from China and also renew the Miscellaneous Tariff Bill (MTB), both important provisions to U.S. textile manufacturers.

“We commend the House for passing this sweeping legislation, which contains several critical trade provisions beneficial to American manufacturers,” said NCTO President and CEO Kim Glas. “This legislation contains a provision that would effectively prohibit China from exploiting the Section 321 de minimis mechanism in U.S. trade law, a win for U.S. textile producers and workers.

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, issued a statement welcoming House passage of the America COMPETES Act, a legislative package that will help close the de minimis loophole on duty-free imports from China and also renew the Miscellaneous Tariff Bill (MTB), both important provisions to U.S. textile manufacturers.

“We commend the House for passing this sweeping legislation, which contains several critical trade provisions beneficial to American manufacturers,” said NCTO President and CEO Kim Glas. “This legislation contains a provision that would effectively prohibit China from exploiting the Section 321 de minimis mechanism in U.S. trade law, a win for U.S. textile producers and workers.

“We sincerely thank Congressman Earl Blumenauer (D-Ore.) for working diligently to include and preserve his Import Security Fairness Act in the underlying U.S. competitiveness bill. This bill would help close the de minimis loophole, which allows imports valued under $800 to come into the United States without paying duties and taxes, bypassing inspections by U.S. Customs and providing a backdoor to Chinese goods produced with forced labor. The loophole has not only fueled the rise of imports from foreign e-commerce companies and mass distributors, but it has also put our domestic manufacturers and workers at a competitive disadvantage.”

Another important provision in the legislation renews the MTB for two years, which would extend limited tariff relief on a range of manufacturing inputs used by U.S. textile producers.

In closing, NCTO’s Glas stated: “NCTO worked closely with our allies in the House on these provisions in the underlying bill and we commend their hard work and support. We will continue to push for these critical provisions that benefit the U.S. textile industry in Senate-House conference negotiations in the coming days.”

31.01.2022

NCTO: Coalition are urging Support for De Minimis Provision in House America COMPETES Act

A broad coalition of industry and labor groups has sent a letter to House and Senate leadership urging support for the Import Security and Fairness Act (included in the broader House America COMPETES Act), which aims to stop China from exploiting the de minimis threshold that allows imports valued under $800 to come into the United States without paying duties and taxes, bypassing U.S. Customs inspections and providing a backdoor to Chinese goods produced with forced labor.

The coalition sent the letter to Senate Majority Leader Charles Schumer (D-NY), Senate Minority Leader Mitch McConnell (R-KY), Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA), urging the leaders to strongly support and prioritize the provision in the underlying China bill.

The letter was signed by the following organizations:

A broad coalition of industry and labor groups has sent a letter to House and Senate leadership urging support for the Import Security and Fairness Act (included in the broader House America COMPETES Act), which aims to stop China from exploiting the de minimis threshold that allows imports valued under $800 to come into the United States without paying duties and taxes, bypassing U.S. Customs inspections and providing a backdoor to Chinese goods produced with forced labor.

The coalition sent the letter to Senate Majority Leader Charles Schumer (D-NY), Senate Minority Leader Mitch McConnell (R-KY), Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA), urging the leaders to strongly support and prioritize the provision in the underlying China bill.

The letter was signed by the following organizations:

  • AFL-CIO
  • Alliance for American Manufacturing
  • Coalition for a Prosperous America
  • International Brotherhood of Teamsters
  • Narrow Fabrics Institute
  • National Council of Textile Organizations
  • Service Employees International Union
  • U.S. Footwear Manufacturers Association
  • U.S. Industrial Fabrics Institute
  • United Steelworkers
  • Workers United/SEIU

See the full letter here.

More information:
NCTO U.S. textile industry Import
Source:

NCTO

26.01.2022

Rieter: First information on the financial year 2021

  • Order Intake of CHF 2 225.7 Million in Financial Year 2021
  • Sales of CHF 969.2 million in financial year 2021
  • Implementation of the acquisition of the three Saurer businesses on schedule
  • EBIT margin of 4.5% to 5% of sales expected in financial year 2021

Due to the continuing high demand for new installations, components and services, Rieter posted an order intake of CHF 551.8 million in the fourth quarter of 2021. As a result, Rieter achieved a total order intake of CHF 2 225.7 million in the 2021 financial year (2020: CHF 640.2 million).

  • Order Intake of CHF 2 225.7 Million in Financial Year 2021
  • Sales of CHF 969.2 million in financial year 2021
  • Implementation of the acquisition of the three Saurer businesses on schedule
  • EBIT margin of 4.5% to 5% of sales expected in financial year 2021

Due to the continuing high demand for new installations, components and services, Rieter posted an order intake of CHF 551.8 million in the fourth quarter of 2021. As a result, Rieter achieved a total order intake of CHF 2 225.7 million in the 2021 financial year (2020: CHF 640.2 million).

The exceptionally high order intake is broadly supported at the global level. As reported previously, this is based on a catch-up effect from the two prior years and a regional shift in demand. Rieter believes that a major reason for this shift in demand is the development of costs in China. The orders came primarily from Turkey, India, Latin America, Uzbekistan, China and Pakistan. At the end of 2021, the company had an order backlog of around CHF 1 840 million (December 31, 2020: around CHF 560 million). Despite bottlenecks in material supplies and freight capacities, sales performance up to the end of the year was better than expected. The Rieter Group closed the 2021 financial year with sales of CHF 969.2 million (2020: CHF 573.0 million).

Implementation of the Acquisition of the Three Saurer Businesses
Effective from December 1, 2021, Rieter is consolidating the components businesses Accotex and Temco acquired from Saurer. With the acquisition of Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines), Rieter is strengthening the market position in the components business. The figures from the two businesses have been incorporated into the results for the 2021 financial year as follows: the 2021 order intake includes CHF 2.1 million and the 2021 sales includes CHF 3.3 million. The two businesses contributed a total of around CHF 27 million to the order backlog at the end of 2021. The acquisition of Saurer’s third business (automatic winder) leads to a significant increase in the attractiveness of Rieter’s ring and compact-spinning systems and is expected to be completed in the first half of 2022. Accordingly, order intake and sales are not included in the figures for the 2021 financial year.

EBIT Margin
Rieter anticipates an EBIT margin of 4.5% to 5% of sales in the 2021 financial year (2020: -14.7%).
Rieter will publish the full annual financial statements and the 2021 Annual Report on March 9, 2022.

Order Intake by Business Group
Thanks to the company’s innovative product portfolio and global positioning, all three Business Groups benefited from the high level of demand.
The Business Group Machines & Systems posted an order intake of CHF 1 708.6 million (2020: CHF 363.9 million). The main focus of demand was on ring and compact-spinning systems.
The order intake of the Business Group Components was CHF 296.0 million, an increase of 75% compared to the previous year (2020: CHF 169.1 million). The Business Group After Sales recorded an order intake of CHF 221.1 million, 106% higher than the previous year (2020: CHF 107.2 million). The main reason for the positive order intake in both Business Groups is the continuing increased demand for spare and wear parts in spinning mills, which are operating at high capacity.

Sales by Business Group
Despite the challenges in the supply chain announced earlier, the Business Group Machines & Systems achieved sales of CHF 590.3 million, double the previous year’s figure (2020: CHF 295.8 million). Sales of the Business Group Components increased to CHF 231.5 million (2020: CHF 174.3 million). The Business Group After Sales achieved sales of CHF 147.4 million (2020: CHF 102.9 million).

Sales by Region
Sales increased in all regions, with the exception of the region Africa. The highest year-on-year growth of 148% was achieved in India, followed by North and South America (+126%) and the Asian countries (+72%), excluding China, India and Turkey.

Rieter will issue an outlook for the 2022 financial year at the Results Press Conference on March 9, 2022.

Source:

Rieter Holding AG

24.01.2022

Sateri completes Higg Facility Social and Labour Module Assessment

All of Sateri’s five viscose mills in China have undergone independent evaluation of their social and labour practices, having completed the Higg Facility Social and Labour Module (FSLM) audit and achieved a consistent high score of above 80%.

A member of the RGE group of companies, Sateri is also one of the world’s first viscose producers to have completed the Higg Facility Environmental Module (FEM) assessment, with the similar verified high score of over 80% for all its viscose mills.

Developed by the Sustainable Apparel Coalition, a global, multi-stakeholder non-profit alliance for the fashion industry, the Higg Index is a suite of tools that enables brands, retailers and facilities of all sizes to accurately measure and score a company or product’s sustainability performance.

The FSLM tool of the Higg Index holistically assesses working conditions of the mills, including fair wages and compensation, health & safety, respectful treatment of employees etc; while the FEM tool focuses more on environmental performance, including energy consumption, greenhouse gas missions, water use, chemical and waste management.

All of Sateri’s five viscose mills in China have undergone independent evaluation of their social and labour practices, having completed the Higg Facility Social and Labour Module (FSLM) audit and achieved a consistent high score of above 80%.

A member of the RGE group of companies, Sateri is also one of the world’s first viscose producers to have completed the Higg Facility Environmental Module (FEM) assessment, with the similar verified high score of over 80% for all its viscose mills.

Developed by the Sustainable Apparel Coalition, a global, multi-stakeholder non-profit alliance for the fashion industry, the Higg Index is a suite of tools that enables brands, retailers and facilities of all sizes to accurately measure and score a company or product’s sustainability performance.

The FSLM tool of the Higg Index holistically assesses working conditions of the mills, including fair wages and compensation, health & safety, respectful treatment of employees etc; while the FEM tool focuses more on environmental performance, including energy consumption, greenhouse gas missions, water use, chemical and waste management.

Source:

Sateri

(c) Messe Frankfurt (HK) Ltd.
21.01.2022

Promising conditions for Cinte Techtextil China in September

Promising conditions in the technical textiles and nonwovens market are expected to provide ample opportunities for suppliers at this year’s Cinte Techtextil China. The fair, which last year saw 366 exhibitors and 14,868 visits, will take place from 6 – 8 September 2022 at the Shanghai New International Expo Centre. Flexible exhibiting options will once again be available for overseas companies.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd, explained the positive conditions that exhibitors should expect at the fair thusly: “The pandemic has led to a surge in Chinese exports of both technical textiles and nonwovens, the latter in particular. The country remains the largest supplier of nonwovens, comprising one-third of the global total, yet still requires the advanced offerings of overseas machinery suppliers, as well as supplies of raw materials, to support its export production.”

Promising conditions in the technical textiles and nonwovens market are expected to provide ample opportunities for suppliers at this year’s Cinte Techtextil China. The fair, which last year saw 366 exhibitors and 14,868 visits, will take place from 6 – 8 September 2022 at the Shanghai New International Expo Centre. Flexible exhibiting options will once again be available for overseas companies.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd, explained the positive conditions that exhibitors should expect at the fair thusly: “The pandemic has led to a surge in Chinese exports of both technical textiles and nonwovens, the latter in particular. The country remains the largest supplier of nonwovens, comprising one-third of the global total, yet still requires the advanced offerings of overseas machinery suppliers, as well as supplies of raw materials, to support its export production.”

Ms Wen continued: “Domestically, China is seeing increasing consumption of functional apparel, sportswear and personal protection items. Heightened health and sanitary regulations and new hygiene habits will also continue to drive demand, especially for nonwovens, well into the future. There has also been a post-pandemic boost in demand for filter, greenhouse covering and high-density fabrics amongst others. All of this adds up to a wealth of opportunities for overseas companies to take advantage of, as was experienced in the 2021 edition of the fair.”

Exhibitor and visitor experiences in 2021
“Our organisation promotes US cotton and we hope to use this platform to meet more companies and brands in the nonwovens industry who are interested in US cotton, and to meet up with old friends to discuss the current situation and industry trends. We also found some new potential clients this time.” Mr Eric Ni, Senior Manager, China Supply Chain Marketing, Fabrics, Garments and Nonwovens, Cotton Council International, USA

“Cinte Techtextil China is a professional exhibition that brings together cutting-edge technologies and products, allowing us to quickly learn about innovative technology trends in the industry. I’ve been particularly impressed by the biodegradable products in the Innovation Showcase. In addition, I am sourcing mask-related products and mops, and I have found some companies that I’m interested in.” Ms Claire Zhang, Senior Scientist, Personal Health, Philips Research China, Philips (China) Investment Co Ltd, China

Source:

Messe Frankfurt (HK) Ltd.

(c) CHIC
07.01.2022

Postponement of CHIC SPRING Shanghai

Asia's largest fashion fair, CHIC SPRING SHANGHAI, will postpone the event planned for March to April 14-16, 2022. The latest worldwide pandemic developments due to the new virus variant Omicron prompted the CHIC organizers to take this step.

With this relocation, the organizers are also taking into account the interests of international exhibitors and visitors. In addition to various international joint stands, Germany will also be represented with a GERMAN PAVILION. The trade fair team is working on innovations at the trade fair with the highest priorities and will now focus the entire marketing on the new date.

CHIC SPRING is the showcase for the latest trend developments in fashion and offers trade visitors a concentrated overview. CHIC SPRING as a fashion and lifestyle fair shows the areas of womenswear, menswear, kidswear, denim, shoes and bags, accessories, designers and streetwear in clear segments at the National Convention & Exhibition Center in Shanghai.

Asia's largest fashion fair, CHIC SPRING SHANGHAI, will postpone the event planned for March to April 14-16, 2022. The latest worldwide pandemic developments due to the new virus variant Omicron prompted the CHIC organizers to take this step.

With this relocation, the organizers are also taking into account the interests of international exhibitors and visitors. In addition to various international joint stands, Germany will also be represented with a GERMAN PAVILION. The trade fair team is working on innovations at the trade fair with the highest priorities and will now focus the entire marketing on the new date.

CHIC SPRING is the showcase for the latest trend developments in fashion and offers trade visitors a concentrated overview. CHIC SPRING as a fashion and lifestyle fair shows the areas of womenswear, menswear, kidswear, denim, shoes and bags, accessories, designers and streetwear in clear segments at the National Convention & Exhibition Center in Shanghai.

CHIC is organized by Beijing Fashion Expo Co. Ltd. and China World Exhibitions, supported by the China National Garment Association, the China World Trade Center and the Sub-Council of the Textile Industry (CCPIT).

More information:
CHIC Fair CHIC Shanghai
Source:

JANDALI MODE.MEDIEN.MESSEN