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Rieter Report
Rieter Report
29.01.2020

Rieter: First Information on the Financial Year 2019

  • Sales were significantly down on the previous year, falling by 29% to CHF 760 million
  • EBIT margin of around 11% and net profit of around 7% of sales anticipated, non-recurring profit contribution from sale of real estate in Ingolstadt (Germany)
  • Order intake up 7% on previous year; order intake amounting to CHF 401.6 million booked in fourth quarter 2019 (4th quarter 2018: CHF 119.0 million)
  • First half of 2020 expected to be significantly lower than previous year in terms of sales and earnings
  • Further capacity adjustment measures introduced
  • Start of construction of Rieter CAMPUS expected during 2020, subject to granting of building permit

The Rieter Group closed the 2019 financial year, as expected, with considerably lower sales than in the previous year. According to the first, unaudited figures, total sales of CHF 760.0 million were achieved, which is 29% down on the previous year (2018: CHF 1 075.2 million). At CHF 926.1 million, order intake was 7% higher than in the prior year period (2018: CHF 868.8 million).

  • Sales were significantly down on the previous year, falling by 29% to CHF 760 million
  • EBIT margin of around 11% and net profit of around 7% of sales anticipated, non-recurring profit contribution from sale of real estate in Ingolstadt (Germany)
  • Order intake up 7% on previous year; order intake amounting to CHF 401.6 million booked in fourth quarter 2019 (4th quarter 2018: CHF 119.0 million)
  • First half of 2020 expected to be significantly lower than previous year in terms of sales and earnings
  • Further capacity adjustment measures introduced
  • Start of construction of Rieter CAMPUS expected during 2020, subject to granting of building permit

The Rieter Group closed the 2019 financial year, as expected, with considerably lower sales than in the previous year. According to the first, unaudited figures, total sales of CHF 760.0 million were achieved, which is 29% down on the previous year (2018: CHF 1 075.2 million). At CHF 926.1 million, order intake was 7% higher than in the prior year period (2018: CHF 868.8 million). Rieter will publish the full annual financial statements and the 2019 Annual Report on March 10, 2020.

 

More information:
Rieter
Source:

Rieter Management AG

Monforts: Half a century of excellence (c) A. Monforts Textilmaschinen GmbH & Co. KG
Monforts: Half a century of excellence
20.01.2020

Monforts: Half a century of excellence

The origins of both Industry 4.0 and an awareness of the need for more sustainable manufacturing methods can arguably be traced back to the year 1971.

It was in 1971 that the first microprocessor was introduced by Intel, and also that the first and perhaps now most well-known environmental campaigner, Greenpeace, was founded.

As such, a direct line can be charted from that year to today’s automated textile manufacturing machinery concepts, as well as the drive to develop more increasingly resource-efficient processes.

All of the recent innovations which have been introduced to the market by A. Monforts Textilmaschinen GmbH & Co. KG, for example, are being powered by the possibilities of Industry 4.0 and developed in response to the market demand for more sustainable production.

The origins of both Industry 4.0 and an awareness of the need for more sustainable manufacturing methods can arguably be traced back to the year 1971.

It was in 1971 that the first microprocessor was introduced by Intel, and also that the first and perhaps now most well-known environmental campaigner, Greenpeace, was founded.

As such, a direct line can be charted from that year to today’s automated textile manufacturing machinery concepts, as well as the drive to develop more increasingly resource-efficient processes.

All of the recent innovations which have been introduced to the market by A. Monforts Textilmaschinen GmbH & Co. KG, for example, are being powered by the possibilities of Industry 4.0 and developed in response to the market demand for more sustainable production.

They include the new ‘digital twinning’ capability introduced in 2019 for all Monforts machines, with advanced sensor technologies which make it possible to access comprehensive technical machine data from any location using the company’s Smart Support and Smart Check apps. In addition, the digital twin system provides information on individual wear parts, such as, for example, converters or gears.

These latest developments have been very favourably received by Monforts customers, especially in Europe.

50th anniversary
The very first Heimtextil – the leading trade fair for the home textiles market – was also held in Frankfurt in January 1971 and Monforts customers Bierbaum Group and Konrad Hornschuch AG are amongst the German companies who were there from the very start and have attended every annual show since.

Bierbaum Group, based in Borken, is the company behind the well-known Irisette bedding brand and is celebrating its own 125th anniversary in 2020. It has also introduced products bearing the German government’s new Grüner Knopf textile seal of approval for sustainable production.

As a specialist in synthetic leathers for home surfaces, as well as vehicle interiors, Konrad Hornschuch AG, of Weissbach, has been a member of the €44 billion automotive giant Continental AG since 2016.

Representatives from both companies received memorial trophies at a special presentation held on January 7th during the 50th anniversary Heimtextil show.

The home textiles market remains very strong in Germany, with sales amounting to some €9.6 billion in 2019, according to analyst IFH Cologne.

Global growth
The first Heimtextil in 1971 was a significant success, attracting 679 exhibitors from 26 countries.

This year’s show, however, attracted a total of 2,952 exhibitors from 66 countries, reflecting not only the growth of the home textiles industry, but also the globalisation which has taken place over the last half century.

Monforts now has customers for its advanced finishing technologies around the world, with home textile customers from India and Pakistan being particularly well represented at Heimtextil 2020.

Among stand outs from Indian companies at this year’s show was the 2020 collection of Welspun India’s famous Christy England brand, inspired by botanical studies of the gardens of British stately homes. Welspun towels meanwhile benefit from the company’s HygroCotton hollow core yarn technology, produced by a proprietary spinning method which ensures they become softer, fluffier and more absorbent after every wash.

An equally ground-breaking new technology is being introduced by Trident Group, which is one of India’s largest vertically-integrated home textiles manufacturers and two years ago installed five complete Monforts finishing ranges for its new linen department.

Trident’s patented Air Rich yarns feature pores throughout their cross sections for high breathability and absorbency, as well as rapid drying.

Monforts home textile customers from Pakistan stressed the resource efficiency of their processes and products as a result of investments in advanced technology, and during the show the ‘Sustainable Pakistan’ initiative was announced.

Supported by GIZ, the German Society for International Cooperation, the initiative aims to reshape global perceptions of Pakistan’s manufacturers and their innovations. So far, twenty producers have been carefully chosen to be presented on this global platform and will help rebrand Pakistan’s textile industry at the Heimtextil exhibitions going forward.

Heimtextil’s organiser Messe Frankfurt also announced its own new alliance with the United Nations Office for Partnerships, in order to support the UN’s Sustainable Development Goals.

Constancy
Many things have changed since 1971 and home interiors are certainly no longer predominantly orange and brown – and perhaps unlikely to ever become so again.

It’s clear, however, that there has been a constancy in the push to consistently improve textile technologies, processes and products that may have originated in Europe, but have subsequently spread around the world.

And the significance of both microprocessors and sustainability in 2020 could only have been guessed at back in 1971.

 

(c) Oerlikon
16.01.2020

Domotex 2020: Manmade Fibers shows BCF S8 with new CPC-T

Market leader Oerlikon Neumag has its finger firmly on the pulse of their customers with the new Color Pop Compacting unit (CPC-T) for the BCF S8 carpet yarn plant, which is now available for the Polyamide 6 process. The new solution, which was on show from 10-13 January 2020 at the Domotex 2020 in Hannover, attracted great interest from many trade visitors.

Following the trend for multicolored carpets, BCF S8 sets new standards in regards to color separation. The plant, launched as a tricolor solution at last year’s ITMA in Barcelona, makes anything possible – from mélange to strongly separated. It promises carpet yarn producers even more flexible color mixing variants for product differentiation. The core component in this process, the Color Pop Compacting unit (CPC-T), offers more than 200,000 different color shades from three colors. The innovation, which has been filed for patent, is available for polypropylene and polyester polymers as well as for the polyamide 6 process.

Market leader Oerlikon Neumag has its finger firmly on the pulse of their customers with the new Color Pop Compacting unit (CPC-T) for the BCF S8 carpet yarn plant, which is now available for the Polyamide 6 process. The new solution, which was on show from 10-13 January 2020 at the Domotex 2020 in Hannover, attracted great interest from many trade visitors.

Following the trend for multicolored carpets, BCF S8 sets new standards in regards to color separation. The plant, launched as a tricolor solution at last year’s ITMA in Barcelona, makes anything possible – from mélange to strongly separated. It promises carpet yarn producers even more flexible color mixing variants for product differentiation. The core component in this process, the Color Pop Compacting unit (CPC-T), offers more than 200,000 different color shades from three colors. The innovation, which has been filed for patent, is available for polypropylene and polyester polymers as well as for the polyamide 6 process.

Polyester, recycling polyester and fine titers are on trend
During numerous conversations with customers, Martin Rademacher, Head of Sales Oerlikon Neumag, observed a noticeable trend for polyester in the carpet industry even outside the USA. Sustainable solutions are equally sought after: “Our customers increasingly demand plants that can process recycled polyester,” explains Martin Rademacher.

The Manmade Fibers segment presented an additional solution by Oerlikon Barmag for polyester applications that need fine single filament titers from 0.5 dpf and high filament counts: Puffy, soft polyester filament yarns with BCF-similiar properties are produced on the basis of a POY and texturing process. Core components of the processes are the POY take-up unit WINGS HD as well as the new texturing machine eAFK Big-V.

Messe Frankfurt (HK): Intertextile Shanghai Home Textiles Messe Frankfurt (HK) Ltd: Intertextile Shanghai Home Textiles August
Messe Frankfurt (HK): Intertextile Shanghai Home Textiles
15.01.2020

Messe Frankfurt (HK) Ltd: Intertextile Shanghai Home Textiles August 2020

Intertextile Shanghai Home Textiles – Autumn Edition will return from 24 – 26 August 2020 at the National Exhibition and Convention Center (Shanghai), organised by Messe Frankfurt (HK) Ltd; the Sub-Council of Textile Industry, CCPIT; and the China Home Textile Association (CHTA). Stepping into its 26th edition, the trade fair will provide exhibitors the perfect opportunity to introduce new products and expand their distribution networks, as well as serving as a source of information and inspiration for professionals in every aspect of the industry.
 
Celebrating its 25th anniversary last August, the Autumn Edition of Intertextile attracted 1,147 exhibitors from 27 countries & regions, as well as 35,390 trade buyers from 117 countries & regions (2018: 104), reflecting the increasing internationalism of Messe Frankfurt’s textile fairs in China, and the growing opportunities for international suppliers to meet a wide range of buyers in Shanghai. The trade fair’s capacity to attract large and diverse crowds has reinforced its status as the leading business platform for the home textile industry in the Asia Pacific region.
 

Intertextile Shanghai Home Textiles – Autumn Edition will return from 24 – 26 August 2020 at the National Exhibition and Convention Center (Shanghai), organised by Messe Frankfurt (HK) Ltd; the Sub-Council of Textile Industry, CCPIT; and the China Home Textile Association (CHTA). Stepping into its 26th edition, the trade fair will provide exhibitors the perfect opportunity to introduce new products and expand their distribution networks, as well as serving as a source of information and inspiration for professionals in every aspect of the industry.
 
Celebrating its 25th anniversary last August, the Autumn Edition of Intertextile attracted 1,147 exhibitors from 27 countries & regions, as well as 35,390 trade buyers from 117 countries & regions (2018: 104), reflecting the increasing internationalism of Messe Frankfurt’s textile fairs in China, and the growing opportunities for international suppliers to meet a wide range of buyers in Shanghai. The trade fair’s capacity to attract large and diverse crowds has reinforced its status as the leading business platform for the home textile industry in the Asia Pacific region.
 
In the next edition, a large collection of quality Chinese companies, as well as premier overseas brands will once again present the entire spectrum of home and contract textile products including:

  • Textile editors
  • Whole Home Products
  • Windows & Upholstery
  • Bedding, Bath, Kitchen & Table
  • Carpets & Rugs
  • Sun-Protection
  • Wallcovering
  • Digital Print & Technics
  • Fibers, Yarns & Chemicals
  • Textile Designs

Opportunities abound in China’s home textiles market
 
“The upcoming Autumn Edition of Intertextile is set to offer suppliers and buyers the best platform to capture new business opportunities, especially as we continue to focus on bringing together more key players from the textiles, interiors, architecture and hospitality sectors in China and internationally,” Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd said.
 
“Over the years, Intertextile has been evolving from a traditional trade fair to an immersive and interactive experience that inspires and engages attendees. Today, the fair is more than a business platform; it also delivers state-of-the-art home trends, valuable networking opportunities, as well as innovative and strategic solutions for brand development through a series of fringe programme events,” Ms Wen further explained.
 
As one of the selected exhibitors featured in the Talks & Tours series at the 2019 fair, Mr Thomas Luys, Sales Manager of LIBECO-LAGAE: “We had quite a diverse range of visitors, including an increase in e-commerce buyers, but also more traditional upholstery fabrics buyers. Our booth was also part of the Talks & Tours, so it was important to tell our story to a diverse range of visitors on this tour.”
 
 
To find out more about this fair, please visit: www.intertextilehome.com.
For more information about Messe Frankfurt textile fairs worldwide, please visit: http://texpertise-network.messefrankfurt.com.

 

Source:

(c) Messe Frankfurt (HK) Ltd

Bemberg at Première Vision NYC (c) Bemberg
Bemberg at Première Vision NYC
09.01.2020

Bemberg at Première Vision NYC

Bemberg presents fabric innovations and collaborations with fashion brands from the US and beyond

Bemberg will present a full range of new fabric innovations at Première Vision New York. These include manufacturers from around the world including Brunello S.p.A. and Cotonificio Albini S.p.A. from Italy, as well as luxury linings already installed at the Bemberg Lining Showroom in the heart of the Garment District hosted by CHH America. Relevant to report, the luxury yarn dyed jacquard linings made in Japan that can be customized following brands’ designs. While usually minimums are not met by emerging brands and start-ups, Bemberg decided to cooperate with a Japanese producer to offer customized yarn dyed Jacquard lining starting from 55 yards, per colour. Indeed, Bemberg will offer attractive designs, precious aesthetic while keeping its usual technical performances and the precious touch.

Bemberg presents fabric innovations and collaborations with fashion brands from the US and beyond

Bemberg will present a full range of new fabric innovations at Première Vision New York. These include manufacturers from around the world including Brunello S.p.A. and Cotonificio Albini S.p.A. from Italy, as well as luxury linings already installed at the Bemberg Lining Showroom in the heart of the Garment District hosted by CHH America. Relevant to report, the luxury yarn dyed jacquard linings made in Japan that can be customized following brands’ designs. While usually minimums are not met by emerging brands and start-ups, Bemberg decided to cooperate with a Japanese producer to offer customized yarn dyed Jacquard lining starting from 55 yards, per colour. Indeed, Bemberg will offer attractive designs, precious aesthetic while keeping its usual technical performances and the precious touch.

“On show in New York there is the whole process of sustainable fashion making,” explains Junshu Furusawa, Sales of Bemberg. “Indeed, through these fabric suppliers, we will be showcasing also new premium brand fashion range adoptions and collaborations with brands such as CAALO that is making its mark in the outerwear market with its Sustainably produced Functional-Luxury proposal

The participation at Première Vision New York is the second step of a global tour pointing to some of the most cutting edge design innovations on planet Fashion. #Bember2020 kicked off in Florence for Pitti Uomo, the next appointments will be ISPO in Munich. At each ‘sustainable pit-stop’ the company will showcase a different aspect of its multitasking and sustainable imprint.

More information:
Bemberg™ Première Vision
Source:

GB Network

Oerlikon Nonwoven at SINCE 2019 (c) Oerlikon
Oerlikon Nonwoven at SINCE 2019
14.12.2019

Oerlikon: Trade fair appearance at the SINCE in Shanghai

Tailor-made solutions for hygiene, medical, filtration and other technical applications as well as extensive product and process know-how – with these arguments Oerlikon Nonwoven made a convincing appearance at the 18th Shanghai International Nonwoven Exhibition (SINCE) that took place from December 11 to 13.

Dr. Ingo Mählmann, Head of Sales and Marketing of Oerlikon Nonwoven, was very pleased with the three lively days at the trade fair: "The many discussions showed that we are on the right track with our strategy and the further development of our technologies with regard to nonwovens. Visitors were impressed by our technology solutions for disposable nonwoven fabrics or geotextiles". Almost all wellknown nonwoven fabric producers visited the trade fair stand of the plant manufacturer from Neumünster to find out about the advantages of spunbond, meltblown and airlaid technologies.

Overall, the nonwoven fabric team of the Oerlikon Group draws a very positive conclusion and looks back with satisfaction on the intensive and good quality discussions as well as numerous concrete inquiries from customers and prospective customers.

Tailor-made solutions for hygiene, medical, filtration and other technical applications as well as extensive product and process know-how – with these arguments Oerlikon Nonwoven made a convincing appearance at the 18th Shanghai International Nonwoven Exhibition (SINCE) that took place from December 11 to 13.

Dr. Ingo Mählmann, Head of Sales and Marketing of Oerlikon Nonwoven, was very pleased with the three lively days at the trade fair: "The many discussions showed that we are on the right track with our strategy and the further development of our technologies with regard to nonwovens. Visitors were impressed by our technology solutions for disposable nonwoven fabrics or geotextiles". Almost all wellknown nonwoven fabric producers visited the trade fair stand of the plant manufacturer from Neumünster to find out about the advantages of spunbond, meltblown and airlaid technologies.

Overall, the nonwoven fabric team of the Oerlikon Group draws a very positive conclusion and looks back with satisfaction on the intensive and good quality discussions as well as numerous concrete inquiries from customers and prospective customers.

Source:

Oerlikon

01.12.2019

MS PRINTING AT HEIMTEXTIL

  • Focus on Productivity and Efficiency

MS Printing Solutions at the next Heimtextil will focus on presenting textile printing solutions to boost cost-effective and high-quality productions, answering to Industry leaders in home and contract textile who need: productivity, quality and beneficial production process.

Attendees will see a JP4 EVO 3200 printer at work, with Bellagio reactive ink made by JK Group. This is one of MS' solutions which streamlines printing processes, reduces production times and maintenance costs, improving efficiency by:

  • Focus on Productivity and Efficiency

MS Printing Solutions at the next Heimtextil will focus on presenting textile printing solutions to boost cost-effective and high-quality productions, answering to Industry leaders in home and contract textile who need: productivity, quality and beneficial production process.

Attendees will see a JP4 EVO 3200 printer at work, with Bellagio reactive ink made by JK Group. This is one of MS' solutions which streamlines printing processes, reduces production times and maintenance costs, improving efficiency by:

  • making the best use of production buildings, minimizing the space occupied by printers: JP4 EVO is compact and functional.
  • taking full advantage of manufacturing-process, reducing downtime therefore improving productivity-performances: JP4 EVO can be fed by external roll unwinder ensuring timing optimization.
  • using inks with a custom-made waveform, lowering the most common defects due to the interaction between ink and printheads, improving your productivity and competitiveness

The show will be the occasion for the Technical and Sales Teams to illustrate all details which characterize Minilario.  The printing machine, launched at the last ITMA, is the ideal choice for those searching for: flexibility, quality, speed, energy efficiency and sustainability, all in one.

The 64 print heads installed on the innovative printing carriage allow Minilario to reach the shocking but real printing speed of 18m/min, fitting the Home and contract textile demand of productivity and quality, applying a cost-effective production process.

The show will offer the opportunity to remark MS's sustainability commitment, started with #transparentaswater project based on the 100/90/10 paradigm aimed to engage the whole Textile Printing Industry in a big change. The commitment continued with MS’s adhesion to the “Sustainable Technologies” project launched by ACIMIT which selects textile machinery and systems manufacturers whose production specifications ensure a low environmental impact, combining sustainability and innovation. MS' printing machines may boast “Green Label” as “Suppliers of Sustainable Technologies” (come and visit us to go deeply inside our sustainability commitment).

Source:

Image & Communication JK Group S.p.A.

 TOPIC OF THE SEASON: Responsible Future (c) Premium Exhibitions GmbH
Alina Hahn, Marie Sandmann, Maren Wiebus, Damien Winpenny, Marie-Luise Patzelt
21.11.2019

TOPIC OF THE SEASON: Responsible Future

Sustainability is part of SEEK’s internal make-up and has always been part of the team and community experience. Over 80 sustainable brands make up the brand portfolio, including players like Veja, Dedicated and Kings of Indigo. Experts will be sharing their experiences on this market-defining topic as well, with a host of live podcasts, talks and panel discussions, and will be shaping SEEK’s programme of content.
 
BIG PLAYER: the new SEEK Culture

 
SEEK is Europe’s most successful trade show for pop, street and sneaker culture. This is where the key players meet, where the looks of tomorrow are showcased, modelled and retold, where classics are celebrated, authenticity rules the roost and where icons take their positions alongside shooting stars. SEEK is essential participation for anyone looking to curate a modern, youthful and relevant range.

The shift from a niche event to a large trade show is now complete with a new logo and campaign design. SEEK has emerged from its transformation to reveal that its content and visual look are as relevant as ever!  

Sustainability is part of SEEK’s internal make-up and has always been part of the team and community experience. Over 80 sustainable brands make up the brand portfolio, including players like Veja, Dedicated and Kings of Indigo. Experts will be sharing their experiences on this market-defining topic as well, with a host of live podcasts, talks and panel discussions, and will be shaping SEEK’s programme of content.
 
BIG PLAYER: the new SEEK Culture

 
SEEK is Europe’s most successful trade show for pop, street and sneaker culture. This is where the key players meet, where the looks of tomorrow are showcased, modelled and retold, where classics are celebrated, authenticity rules the roost and where icons take their positions alongside shooting stars. SEEK is essential participation for anyone looking to curate a modern, youthful and relevant range.

The shift from a niche event to a large trade show is now complete with a new logo and campaign design. SEEK has emerged from its transformation to reveal that its content and visual look are as relevant as ever!  

Together with creative agencies Karl Anders and Haebmau, the SEEK team has been working for weeks on the brand’s new branding. The result: a visual concept with a strong message.

“The handshake is the right imagery and commitment to our stance and that of the SEEK community.”

“SEEK stands for strength and business just as much as for communality and good vibes! ‘Get Along’ articulates a feeling of agreement, of moving forward and getting to grips with things. We all want to shape a positive future for our industry – as partners and by joining forces.”, explains Fashion Director Maren Wiebus.

CREATIVE CONNECTION: Karl Anders and Haebmau
 
The Hamburg-based agency Karl Anders, which was established by Claudia Fischer-Appelt and Lars Kreyenhagen, was commissioned to come up with the creative concept and design language for the logo and campaign.

“With the new look we are entering a new era for SEEK as a brand. Lots of brands have chosen a design using Helvetica in recent years,” says Claudia Fischer-Appelt, Creative Director at Karl Anders. “We are now signalling a clear shift in another direction. Confident, bold and independent. With the logo we are inviting the viewer to play with the linear layout in their head; we are breaking viewing habits, making a statement and revving things up a gear. SEEK, there it is.”
 
The artwork is the result of a process of in-depth debate with the SEEK brand that took place over several weeks both within the team and also with the support of lifestyle agency Haebmau. Workshops, research and analyses ultimately led to a new, strong brand identity. SEEK is focussed on both established and new players and stands for the WE.

“I have known SEEK since it was in its infancy, so to me it was always like a little brother of the large, successful PREMIUM. Quirky and different, always interesting but somehow not quite so imposing,” says Markus Bublitz, Executive Creative Director at Haebmau. “SEEK today is more grown-up, confident and sharper. Thanks to its position in the market, which it has conquered over the years, it no longer needs to please everyone but can afford to be controversial. This can offer space for new, creative ideas.”

SEEK is edgy, clean-cut and unpolished.

We are all about statement design, new classics, denim and sportswear. SEEK is the trade show event for the fashion community. SEEK knows who calls the shots; it boosts sales and is the place for the next generation of decision-makers to get together. Unlike all the others, SEEK is unconventional and the antidote to boring.

Source:

Premium Exhibitions GmbH

Monforts at Techtextil India (c) Monforts
A recent Monforts texCoat installation.
20.11.2019

Monforts at Techtextil India

Monforts Textilmaschinen GmbH & Co. KG will be providing information on its extensive range of coating and finishing technologies for the production of nonwovens and technical textiles at the forthcoming Techtextil India exhibition.

“India is already a very important market for Monforts and there are exciting prospects ahead for Indian manufacturers of technical textiles, who are well positioned to capitalise on growth opportunities,” says Monforts Head of Denim Hans Wroblowski, who will be at the Monforts stand in Hall 4, booth C52 at the show. “India has one of the largest working-age populations in the world and a complete textile value chain for both natural and synthetic fibres.”

In addition, he adds, India’s government, through its Ministry of Textiles, has been actively promoting the growth of technical textiles through various programmes based on investment promotion, subsidies, the creation of infrastructure and the stimulation of consumption.

Monforts Textilmaschinen GmbH & Co. KG will be providing information on its extensive range of coating and finishing technologies for the production of nonwovens and technical textiles at the forthcoming Techtextil India exhibition.

“India is already a very important market for Monforts and there are exciting prospects ahead for Indian manufacturers of technical textiles, who are well positioned to capitalise on growth opportunities,” says Monforts Head of Denim Hans Wroblowski, who will be at the Monforts stand in Hall 4, booth C52 at the show. “India has one of the largest working-age populations in the world and a complete textile value chain for both natural and synthetic fibres.”

In addition, he adds, India’s government, through its Ministry of Textiles, has been actively promoting the growth of technical textiles through various programmes based on investment promotion, subsidies, the creation of infrastructure and the stimulation of consumption.

As a result, India’s Ministry of Textiles is forecasting that the growth of technical textiles in the country will be over 18% annually in the next few years, from a value of US$16.6 billion in 2018 to US$28.7 billion in 2021.

Value addition

High value-added technical products such as wide-width digital printing substrates, carbon fabrics for high-performance composites, filter media, flame retardant barrier fabrics and heavy-duty membranes are now being coated on Monforts texCoat ranges and finished with the company’s industry-leading Montex stenters.

“Since we acquired the technology that our coating units are based on in 2015, we have made a lot of refinements,” says Hans. “All of these developments are reflected in higher coating accuracy and the resulting quality of the treated fabrics. At the same time, our latest multi-functional coating heads offer an unprecedented range of options, with a wide range of modules available.”

The texCoat user interface is now equipped with the unique Monforts visualisation system and the magnetic doctor blade has greater power reserves. Options include a carbon fibre-reinforced composite coating drum with a more scratch-resistant surface and maximum rigidity and remote control which simplifies exact adjustment for the operator.

Montex stenters in special executions are meanwhile ideal for the drying and finishing of both technical woven fabrics and nonwovens and characterised by high stretching devices in both length and width.

“The European-built Montex range of stenters has earned its leading position in the technical textiles market due to the overall robustness, reliability and economy of these machines,” Hans concludes. “Whatever the intended end-product – and we continue to discover potentially new areas in which technical textiles can be utilised all the time – we have the machine specification and know-how to turn ideas into reality. In India we also benefit from the strong sales and service support of A.T.E. Enterprises.”

Texchtextil India takes place alongside World of Composites at the Bombay Exhibition Centre in Mumbai from November 20-22.

Source:

A. Monforts Textilmaschinen GmbH & Co. KG by AWOL Media.

BASF Acquires 3D Printing Service Provider Sculpteo © BASF
Clément Moreau, CEO and Co-Founder of Sculpteo
18.11.2019

BASF Acquires 3D Printing Service Provider Sculpteo

  • Acquisition drives market growth
  • Additional sales channel for BASF customers and partners
  • Access to new materials and technologies for customers of BASF and Sculpteo

To continue to expand its position as a leading service provider in the additive manufacturing sector, BASF New Business GmbH has formally agreed to acquire the online 3D printing service provider Sculpteo. The agreement was signed on November 14, 2019 and is expected to become effective in the next few weeks pending regulatory approval by the relevant authorities. The acquisition of the French 3D printing specialist based in Paris and San Francisco will enable BASF 3D Printing Solutions GmbH, a wholly-owned subsidiary of BASF New Business GmbH, to market and establish new industrial 3D printing materials more quickly. Sculpteo’s management team fully supports the acquisition and will remain in place to provide customers and partners with this expanded service spectrum.

  • Acquisition drives market growth
  • Additional sales channel for BASF customers and partners
  • Access to new materials and technologies for customers of BASF and Sculpteo

To continue to expand its position as a leading service provider in the additive manufacturing sector, BASF New Business GmbH has formally agreed to acquire the online 3D printing service provider Sculpteo. The agreement was signed on November 14, 2019 and is expected to become effective in the next few weeks pending regulatory approval by the relevant authorities. The acquisition of the French 3D printing specialist based in Paris and San Francisco will enable BASF 3D Printing Solutions GmbH, a wholly-owned subsidiary of BASF New Business GmbH, to market and establish new industrial 3D printing materials more quickly. Sculpteo’s management team fully supports the acquisition and will remain in place to provide customers and partners with this expanded service spectrum.

For around a decade already, Sculpteo has operated an online platform with integrated production for the manufacturing of prototypes, individual objects, and serial production components with a range of different additive manufacturing technologies. Customers in various industrial sectors around the world use the Sculpteo service to produce new components rapidly and reliably.

BASF will develop the existing Sculpteo 3D printing platform further into a global network. For customers and partners, BASF 3D Printing Solutions will thus be able to offer an additional channel for marketing their services and expanding their own customer bases.

"Through the acquisition of Sculpteo, we can provide customers and partners with even faster access to our innovative 3D printing solutions. In addition, our customers will benefit from an extended range of services”, explains Dr. Dietmar Bender, Managing Director BASF 3D Printing Solutions. “Together with Sculpteo, we are pursuing our goal of establishing additive manufacturing as a proven technology for industrial mass production", says Bender.

Combining the strengths of both companies will provide Sculpteo's existing customers with access to a more extensive portfolio of 3D printing materials. "We are excited to join the BASF team and thus benefit from BASF’s outstanding R&D to provide our customers with innovative solutions”, says Clément Moreau, CEO and Co-Founder of Sculpteo. Moreau will stay with Sculpteo as CEO.

Beyond this, the Sculpteo Design Studio and BASF’s technical experts will collaborate to be able to support customers in their 3D printing projects from the early planning phase right through to the final printed part. This will enable BASF to offer its customers end-to-end industrial 3D printing solutions.

Source:

BASF Marketing & Communications Manager

05.11.2019

SGL Carbon increases group sales; recurring EBIT on the level of the prior year

  • Group sales increases by approximately 6 percent compared to the prior year period to 832 million euros due to organic growth in the market segments Digitization, Energy and Chemicals
  • Group recurring EBIT at around 54 million euros; adjusted for a positive one-time effect in the prior year approximately on the comparable level of the prior year
  • Business unit Composites – Fibers & Materials (CFM) deteriorated substantially in the third quarter 2019 due to the weak development in the market segments Textile Fibers, Wind Energy and Industrial Applications; Graphite Materials & Systems (GMS) developed better than expected on the very good level of the prior quarter reaching overall a record high level in 9M/2019
  • Free cash flow from continuing operations improved significantly in the first nine months
  • Impairment testing triggers a non-cash impairment charge of approximately 75 million euros in CFM in the third quarter
  • Revised guidance of October 25, 2019: Recurring EBIT at CFM in a negative mid-to-high single digit million euros amount and on Group level at 45 to 50 million euros
  • Countermeasures initiated to i
  • Group sales increases by approximately 6 percent compared to the prior year period to 832 million euros due to organic growth in the market segments Digitization, Energy and Chemicals
  • Group recurring EBIT at around 54 million euros; adjusted for a positive one-time effect in the prior year approximately on the comparable level of the prior year
  • Business unit Composites – Fibers & Materials (CFM) deteriorated substantially in the third quarter 2019 due to the weak development in the market segments Textile Fibers, Wind Energy and Industrial Applications; Graphite Materials & Systems (GMS) developed better than expected on the very good level of the prior quarter reaching overall a record high level in 9M/2019
  • Free cash flow from continuing operations improved significantly in the first nine months
  • Impairment testing triggers a non-cash impairment charge of approximately 75 million euros in CFM in the third quarter
  • Revised guidance of October 25, 2019: Recurring EBIT at CFM in a negative mid-to-high single digit million euros amount and on Group level at 45 to 50 million euros
  • Countermeasures initiated to improve earnings of CFM
  • Dr. Michael Majerus, Spokesman of the Board of Management of SGL Carbon: ”The structural growth drivers remain intact in our strategically relevant markets. The countermeasures to improve earnings of CFM will be implemented consistently.”

In the third quarter 2019, the business units of SGL Carbon developed very differently. While Graphite Materials & Systems (GMS) showed better than expected results, Composites – Fibers & Materials (CFM) deteriorated compared to the two previous quarters. This is attributable to the weaker development in the market segments Textile Fibers and Industrial Applications. In total, sales revenue in the first nine months 2019 grew by approximately 6 percent to reach 832 million euros. Recurring Group EBIT after nine months reached approximately 54 million euros. Adjusted for a positive one-time effect in the prior year, this was comparable to the prior year level.

In its ad-hoc notification of October 25, 2019, the company revised its guidance for recurring EBIT of CFM downwards to a negative mid to high single digit million euro amount. On the Group level the company now expects a recurring EBIT at 45 to 50 million euros. Due to the lower starting point in 2019 as well as the ongoing weakness in the market segments Textile Fibers and Industrial Applications in the business unit CFM a non-cash impairment charge in the amount of approximately 75 million euros was recorded in the third quarter 2019. In recent years acquired assets of the former joint ventures with BMW and Benteler were not affected by this impairment. In addition, the impairment charge of CFM led to a valuation allowance on deferred tax assets in the amount of 7.4 million euros. Against this background, SGL Carbon now expects a net result of approximately minus 100 million euros for fiscal year 2019.

More information:
SGL Carbon
Source:

SGL Carbon

29.10.2019

Rieter Investor Update 2019

  • Order intake of CHF 524.5 million after nine months
  • Order intake for a major project from Egypt booked in October 2019
  • Market situation remains challenging
  • Real estate sale in Ingolstadt successfully completed
  • Outlook 2019

The cumulative order intake recorded by Rieter Group in the first nine months of 2019 of CHF 524.5 million (2018: CHF 749.8 million) was down by 30% compared to the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238.0 million).

Order Intake for a Major Project from Egypt Booked
On October 7, 2019, Rieter booked the order intake for the first six projects with Cotton & Textile Industries Holding Company, Cairo (Egypt) of around CHF 165 million. This amount is thus not included in the figures for the third quarter of 2019 and will positively affect the fourth quarter. The sales are anticipated to be realized in the 2020/2021 financial years. The order includes deliveries of compact and ring spinning systems and it is part of a comprehensive modernization program for the Egyptian textile industry.

  • Order intake of CHF 524.5 million after nine months
  • Order intake for a major project from Egypt booked in October 2019
  • Market situation remains challenging
  • Real estate sale in Ingolstadt successfully completed
  • Outlook 2019

The cumulative order intake recorded by Rieter Group in the first nine months of 2019 of CHF 524.5 million (2018: CHF 749.8 million) was down by 30% compared to the prior-year period. In the third quarter of 2019, order intake was CHF 146.2 million (Q3 2018: CHF 238.0 million).

Order Intake for a Major Project from Egypt Booked
On October 7, 2019, Rieter booked the order intake for the first six projects with Cotton & Textile Industries Holding Company, Cairo (Egypt) of around CHF 165 million. This amount is thus not included in the figures for the third quarter of 2019 and will positively affect the fourth quarter. The sales are anticipated to be realized in the 2020/2021 financial years. The order includes deliveries of compact and ring spinning systems and it is part of a comprehensive modernization program for the Egyptian textile industry.

Market Situation Remains Challenging
The demand for new machinery remained at a low level in the third quarter of 2019. The primary reasons are existing overcapacity in the spinning mills, the trade conflict between the USA and China, as well as political and economic uncertainties in other regions of importance to Rieter. Rieter's market share continues to be at the level of around 30%.

Real Estate Sale in Ingolstadt Successfully Completed
Rieter completed the real estate sale in Ingolstadt (Germany) to GERCHGROUP of Düsseldorf (Germany) on September 13, 2019. Rieter expects a non-recurring profit contribution from this transaction on a net profit level of around EUR 60 million.

Outlook 2019
Rieter estimates significantly lower sales for the year 2019 as a whole compared to 2018, and expects a significant drop in the result from the ongoing business. EBIT and net profit are anticipated to be significantly above the levels of the previous year due to the non-recurring profit contribution from the sale of real estate in Ingolstadt (Germany). The cost-cutting measures introduced have been implemented to a great extent.

More information:
Rieter Holding Ltd.
Source:

Rieter Holding Ltd.

 Jane Zhu (c) Archroma
Jane Zhu
22.10.2019

Archroma joins One Youn World

Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that the company is joining the One Young World global movement and sending its first ever delegates to the Annual Summit which will take place in London, UK, from 22 to 25 October 2019.

The annual One Young World Summit convenes 2000+ bright young leaders from 190+ countries, working to accelerate social impact. At the Summit, delegates are counselled by influential political, business and humanitarian leaders such as Justin Trudeau, Paul Polman and Meghan Markle, amongst many other global figures.

The 3 Archroma delegates to the One Young World Summit 2019:

  • Jane Zhu: Jane Zhu is a logistic specialist with more than 4 years of experience in customs clearance and transportation of goods.
  • Raul Padilla: Raul Padilla is currently a sales manager for textile process chemicals and new markets, at Archroma in the US.
  • Till Felippi: Till Felippi is a young digital business specialist with more than 10 years of experience and diverse know-how in communications, online marketing and web development.

Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that the company is joining the One Young World global movement and sending its first ever delegates to the Annual Summit which will take place in London, UK, from 22 to 25 October 2019.

The annual One Young World Summit convenes 2000+ bright young leaders from 190+ countries, working to accelerate social impact. At the Summit, delegates are counselled by influential political, business and humanitarian leaders such as Justin Trudeau, Paul Polman and Meghan Markle, amongst many other global figures.

The 3 Archroma delegates to the One Young World Summit 2019:

  • Jane Zhu: Jane Zhu is a logistic specialist with more than 4 years of experience in customs clearance and transportation of goods.
  • Raul Padilla: Raul Padilla is currently a sales manager for textile process chemicals and new markets, at Archroma in the US.
  • Till Felippi: Till Felippi is a young digital business specialist with more than 10 years of experience and diverse know-how in communications, online marketing and web development.
07.10.2019

Rieter Holding: Order Intake for Major Project from Egypt Booked

Sales expected to be realized in financial years 2020/2021
At ITMA 2019, the Rieter Group signed contracts for seven projects with Cotton & Textile Industries Holding Company, Cairo (Egypt), for a total volume of around 180 million Swiss francs.

The order intake for the first six projects in the amount of around 165 million Swiss francs was booked upon receipt of the down payment on October 7, 2019; sales are expected to be realized in financial years 2020/2021. The order includes deliveries of compact and ring spinning systems and is

Sales expected to be realized in financial years 2020/2021
At ITMA 2019, the Rieter Group signed contracts for seven projects with Cotton & Textile Industries Holding Company, Cairo (Egypt), for a total volume of around 180 million Swiss francs.

The order intake for the first six projects in the amount of around 165 million Swiss francs was booked upon receipt of the down payment on October 7, 2019; sales are expected to be realized in financial years 2020/2021. The order includes deliveries of compact and ring spinning systems and is

More information:
Rieter Holding Ltd.
Source:

Rieter Management AG

(c) Monforts Textilmaschinen GmbH & Co. KG
30.09.2019

Monforts in two-centre VDMA delegation to Pakistan

Monforts will be part of the VDMA Textile Machinery Association’s forthcoming delegation to Pakistan which will take place from November 11th to 14th.

In total, 14 companies covering the entire textile chain are participating in the visit, which will showcase the benefits and technological innovations of German textile machinery at seminars held in both Karachi and Lahore.

A technical seminar in Karachi will be held at the Hotel Karachi Avari Towers on November 12th and a second in Lahore will be held on November 14th at the Hotel Avari Lahore Towers.

Monforts will be part of the VDMA Textile Machinery Association’s forthcoming delegation to Pakistan which will take place from November 11th to 14th.

In total, 14 companies covering the entire textile chain are participating in the visit, which will showcase the benefits and technological innovations of German textile machinery at seminars held in both Karachi and Lahore.

A technical seminar in Karachi will be held at the Hotel Karachi Avari Towers on November 12th and a second in Lahore will be held on November 14th at the Hotel Avari Lahore Towers.

“The regions surrounding both of these cities have become major hubs for textile manufacturing, especially in areas such as home textiles and denim, where Monforts enjoys market-leading positions with its finishing systems,” says area sales manager Manfred Havenlith, who in addition to presenting at the seminars, will be holding meetings and networking with existing Monforts customers and potential new ones during the trip. “The Punjab region around Karachi, as Pakistan’s largest city, for example, is now dense with denim manufacturers, many of whom have already expressed keen interest in the new Monforts CYD continuous yarn dyeing system we introduced at ITMA 2019 in Barcelona in June.”

(c) Roof courtesy
09.09.2019

CHOMARAT’S CARBON RANGE IN THE SPOTLIGHT AT CAMX 2019 EXPO

At CAMX Expo, Chomarat is showcasing its range of carbon reinforcements, including live demos: a rocket fairing mold, a kayak paddle and a flat panel will be on display in the demonstration area of Composites One, a partner of Chomarat. The Chomarat carbon range is also available in the USA through Composites One’s distribution network.

DEMONSTRATING THE UNIQUE PROPERTIES OF CHOMARAT’S REINFORCEMENTS
For the rocket fairing mold, the kayak paddle and the flat panel applications, Chomarat’s C-WeaveTM carbon reinforcement offers a unique and excellent visual appearance and structural performance at the same time. “In addition to C-WeaveTM, the kayak paddle comprises another reinforcement: G-flowTM, the 2-in-1 reinforcement for infusion to strengthen the vacuum-flow,” explains Travis Irvin, Sales Manager and Closed Mould Process Expert at Chomarat.

Other live demos of skateboards will demonstrate the potential for high-volume production with RovicoreTM, the famous glass sandwich reinforcement created by Chomarat. ”RovicoreTM is always at the forefront of technology for LRTM process,” he adds.

At CAMX Expo, Chomarat is showcasing its range of carbon reinforcements, including live demos: a rocket fairing mold, a kayak paddle and a flat panel will be on display in the demonstration area of Composites One, a partner of Chomarat. The Chomarat carbon range is also available in the USA through Composites One’s distribution network.

DEMONSTRATING THE UNIQUE PROPERTIES OF CHOMARAT’S REINFORCEMENTS
For the rocket fairing mold, the kayak paddle and the flat panel applications, Chomarat’s C-WeaveTM carbon reinforcement offers a unique and excellent visual appearance and structural performance at the same time. “In addition to C-WeaveTM, the kayak paddle comprises another reinforcement: G-flowTM, the 2-in-1 reinforcement for infusion to strengthen the vacuum-flow,” explains Travis Irvin, Sales Manager and Closed Mould Process Expert at Chomarat.

Other live demos of skateboards will demonstrate the potential for high-volume production with RovicoreTM, the famous glass sandwich reinforcement created by Chomarat. ”RovicoreTM is always at the forefront of technology for LRTM process,” he adds.

Moreover, Chomarat is displaying a motorcycle helmet with exposed carbon and a very light kayak paddle, highlighting the properties of C-WeaveTM. A tennis racket using C-PLYTM will also be displayed at the show.

 

More information:
CHOMARAT
Source:

APOCOPE Agency

Am 1. September 2019 wird Lutz Lehmann als neuer CEO Global Strategies Teil des Hohenstein-Teams. © Hohenstein
01.09.2019

Lehmann führt Hohensteins neuen Vertriebskurs fort

  • Ab dem 1. September 2019 verstärkt Lutz Lehmann als neuer CEO den Bereich Global Strategies bei Hohenstein.

BÖNNIGHEIM - Lehmann konzentriert sich in seiner neuen Funktion auf die Entwicklung neuer Geschäftsfelder und die Weiterentwicklung der Vertriebsstrategien, um Hohensteins Position als Global Player zu stärken. Er wird die Teams Vertrieb, Marketing und Business Development direkt leiten.

„Ich freue mich, bei einem Unternehmen zu arbeiten, das in der Textilwirtschaft ein hohes Ansehen genießt“, sagt Lehmann. „Es gibt viel Potenzial für die gesamte Branche. Dies ist eine wunderbare Gelegenheit, meine Markterfahrungen und -kenntnisse einzubringen und Hohenstein in der Textilprüfindustrie weiter voranzutreiben.“ In den letzten acht Jahren arbeitete Lutz Lehmann als CEO der Hermes Hansecontrol Group.

  • Ab dem 1. September 2019 verstärkt Lutz Lehmann als neuer CEO den Bereich Global Strategies bei Hohenstein.

BÖNNIGHEIM - Lehmann konzentriert sich in seiner neuen Funktion auf die Entwicklung neuer Geschäftsfelder und die Weiterentwicklung der Vertriebsstrategien, um Hohensteins Position als Global Player zu stärken. Er wird die Teams Vertrieb, Marketing und Business Development direkt leiten.

„Ich freue mich, bei einem Unternehmen zu arbeiten, das in der Textilwirtschaft ein hohes Ansehen genießt“, sagt Lehmann. „Es gibt viel Potenzial für die gesamte Branche. Dies ist eine wunderbare Gelegenheit, meine Markterfahrungen und -kenntnisse einzubringen und Hohenstein in der Textilprüfindustrie weiter voranzutreiben.“ In den letzten acht Jahren arbeitete Lutz Lehmann als CEO der Hermes Hansecontrol Group.

Zuvor war Lehmann in verschiedenen Funktionen beim TÜV Rheinland und der SGS Deutschland beschäftigt. „Lutz Lehmann ist eine ausgezeichnete Ergänzung unseres Managementteams“, betont Prof. Dr. Stefan Mecheels, Inhaber und Geschäftsführer des Prüfdienstleisters Hohenstein. „Wir freuen uns sehr, dass er seine Erfahrungen und Verbindungen im Bereich Testing, Inspection, Certification (TIC) nach Hohenstein bringt.“

Source:

Global Marketing & Sales Hohenstein

Montalvo (c) Montalvo
13.08.2019

Montalvo Announces All New Load Cell: N Micro

Montalvo, international specialists in web tension control, announces its latest addition to their growing load cell portfolio, the N Micro Cantilever Load Cell. N Micro Load Cells are ideal for narrow web, light tension applications requiring precise, superior tension control measurement. Montalvo’s N-Micro load cell are commonly used in applications producing labels, tapes, and more, delivering higher quality results for higher quality end product.

Director of Sales and Marketing, Bryon Williams says, “Montalvo is one of the few web tension control specialists continuously developing new products for the constantly evolving industry. The N Micro is designed for narrow web applications, often running multiple webs of material that all need to be precisely tensioned at the same amount to effectively perform as one end product. It is a cost-effective solution for these applications whether they are running web or more.

Montalvo, international specialists in web tension control, announces its latest addition to their growing load cell portfolio, the N Micro Cantilever Load Cell. N Micro Load Cells are ideal for narrow web, light tension applications requiring precise, superior tension control measurement. Montalvo’s N-Micro load cell are commonly used in applications producing labels, tapes, and more, delivering higher quality results for higher quality end product.

Director of Sales and Marketing, Bryon Williams says, “Montalvo is one of the few web tension control specialists continuously developing new products for the constantly evolving industry. The N Micro is designed for narrow web applications, often running multiple webs of material that all need to be precisely tensioned at the same amount to effectively perform as one end product. It is a cost-effective solution for these applications whether they are running web or more.

Source:

Montalvo Corporation

PCMC (c) BW Company
12.08.2019

PCMC to bring its Meridian laser anilox cleaner to Labelexpo Europe

Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, will be showcasing its Meridian laser anilox cleaner at Labelexpo Europe (booth 11C36), held 24 to 27 Sept., 2019, in Brussels. This is the first time the Meridian will be showcased with live demonstrations at this show.

Attendees may visit the PCMC booth anytime to watch as the Meridian quickly deep-cleans anilox cells by using a laser to remove deposited particles inside of the cells. This cleaning technology extends the life of anilox rolls and does not require any chemicals, sodium bicarbonate, polymer beads, water or detergents—making it a sustainable cleaning technology with a very low environmental impact. PCMC’s newest Meridian models are designed for the narrow web market and include a new internal traversing vacuum system.

“We’re very excited to welcome people into our booth to view the new innovations on our Meridian firsthand,” said Rodney Pennings, PCMC’s Printing, Coating and Laminating Sales Director. “I think they’ll be impressed by its technology, speed and effectiveness.”

Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, will be showcasing its Meridian laser anilox cleaner at Labelexpo Europe (booth 11C36), held 24 to 27 Sept., 2019, in Brussels. This is the first time the Meridian will be showcased with live demonstrations at this show.

Attendees may visit the PCMC booth anytime to watch as the Meridian quickly deep-cleans anilox cells by using a laser to remove deposited particles inside of the cells. This cleaning technology extends the life of anilox rolls and does not require any chemicals, sodium bicarbonate, polymer beads, water or detergents—making it a sustainable cleaning technology with a very low environmental impact. PCMC’s newest Meridian models are designed for the narrow web market and include a new internal traversing vacuum system.

“We’re very excited to welcome people into our booth to view the new innovations on our Meridian firsthand,” said Rodney Pennings, PCMC’s Printing, Coating and Laminating Sales Director. “I think they’ll be impressed by its technology, speed and effectiveness.”

Source:

BW Company

18.07.2019

Rieter: First Half of 2019 Characterized by Low Demand in the New Machinery Business

  • Order intake in the first• Order intake in the first half of 2019 amounted to CHF 378.3 million, 26% below the previous year period
  • At CHF 416.1 million, sales were 19% down on the previous year period
  • EBIT of CHF -1.2 million and net profit of CHF -3.8 million
  • Implementation of cost-cutting measures proceeding according to plan
  • Innovations successfully launched at ITMA 2019 in Barcelona
  • Major order from Egypt signed – worth around CHF 180 million
  • Completion of real estate sale in Ingolstadt (Germany) expected in the third quarter 2019
  • Outlook unchanged compared to spring 2019

In the first half of 2019, Rieter posted an order intake of CHF 378.3 million (first half year 2018: CHF 511.8 million). This represents a decline of around 26% compared to the previous year period. As already reported, the main reason was low demand in the new machinery business (Business Group Machines & Systems: -34%). Rieter understands that market share remained unchanged at the previous year’s level of around 30%.

  • Order intake in the first• Order intake in the first half of 2019 amounted to CHF 378.3 million, 26% below the previous year period
  • At CHF 416.1 million, sales were 19% down on the previous year period
  • EBIT of CHF -1.2 million and net profit of CHF -3.8 million
  • Implementation of cost-cutting measures proceeding according to plan
  • Innovations successfully launched at ITMA 2019 in Barcelona
  • Major order from Egypt signed – worth around CHF 180 million
  • Completion of real estate sale in Ingolstadt (Germany) expected in the third quarter 2019
  • Outlook unchanged compared to spring 2019

In the first half of 2019, Rieter posted an order intake of CHF 378.3 million (first half year 2018: CHF 511.8 million). This represents a decline of around 26% compared to the previous year period. As already reported, the main reason was low demand in the new machinery business (Business Group Machines & Systems: -34%). Rieter understands that market share remained unchanged at the previous year’s level of around 30%. Order backlog as at June 30, 2019 was CHF 295 million (December 31, 2018: CHF 325 million).

More information:
Rieter Holding Ltd.
Source:

Rieter Management AG