From the Sector

• 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.

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.

SEEK is edgy, clear and unpolished. It’s all about cool statement designs, the new classics, denim and sportswear. SEEK is the trade show for the fashion community that knows the facts, prompts sales and meets the needs of the new generation of decision-makers. Compared to other trade shows, SEEK is particularly unconventional and the antidote to boring.

At the start of the season in January SEEK will be showcasing one thing more than anything – relevance. SEEK epitomises values like honesty, loyalty, consciousness of quality, local proximity; and the brands that exhibit at SEEK are on exactly the same page. The BRIGHT brands relevant to retail are now fully integrated.

FOCUS TOPICS

• Responsible Future
  Sustainability is part of SEEK’s DNA and has always informed how the team and community operate. Over 80 sustainable brands make up the brand portfolio, including players like Veja, Dedicated, Sandqvist and Kings of Indigo.
  The SEEK team places great value on personal contact with customers and puts a great deal of love into the details and in honest collaboration with all stakeholders.

• Retail Experiences
  There is no other comparable brand portfolio at any other trade show. SEEK’s unique brand mix is becoming even more dynamic, reflecting retail concepts that have had international success. In the world’s most in-demand stores, such as End Clothing (London), Voo Store (Berlin) and Caliroots (Stockholm), EUR 500 designs are placed next to EUR 50 t-shirts and bought by the same customers. That’s the status quo – end consumers decide on and bring the range to life

• #FASHIONTECH at SEEK
  Digitalisation remains one of the most important topics in the industry. For this and other reasons, formats of #FASHIONTECH will take place at SEEK. For the first time, topics relevant to SEEK will be initiated in the style of talks and masterclasses at #FASHIONTECH. SEEK is taking a fundamental look at topics such as Brand Building, Social Media and Gaming.

   

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.”

• 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.“

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.”

Lectra announces the signing of an agreement with the shareholders of the Belgium company Retviews to acquire 100% of capital and voting rights.

Founded in 2017, Retviews has developed an innovative technological offer that enables fashion brands to analyze real-time market data, in order to increase their sales and margins. Today, more than 30 brands use Retviews in France and Belgium.

• With a turnover of EUR 513 million, the CHT Group achieved a 12% increase in sales
• The result was impaired by high raw material costs and currency effects
• Investments remain high - approximately 13 million EUR invested in production sites and new technologies worldwide
• The acquisition in silicone specialties is bearing fruit despite a shortage of raw materials on the market
• 2019 - moderately optimistic business expectations in a difficult market environment

The situation on the world market deteriorated further in 2018, not least due to the intensification of the trade conflict between the USA and China. However, the CHT Group was again able to close the financial year with an increase in turnover. With consolidated sales of 513 million EUR, the previous year's success in the Group was exceeded by 12%.

• Operations, Product Development, Sales and Technical Support Growth

Celine Huang 黄秀蔚 is named Chief Executive Officer for HeiQ Greater China and Ming Wen Liang 梁銘文is named Chief Executive Officer HeiQ Taiwan. Huang, with her background as a general manager of a large player in the same industry brings a total of over 20 years of solid testing lab, agent and country strategies management expertise with an excellent relationship skills with customers, distributors, dealers and end users. She has a chemical engineering degree in dyeing and finishing from China Textile University. Huang has worked in both Australia and China in senior management positions. Huang will lead the group’s Greater China business from the newly created Shanghai office (瑞士海屹科新材料有限公司上海办事处).

Liang will manage mill relations, technical support and distribution at HeiQ Taiwan. She brings close to 20 years of experience in textile and garment production supply chain focusing on sales, material innovation and development, sourcing and production. Liang holds a Bachelor of International Trade from the National Taipei University of Business, Taiwan, speaks Chinese, English and Spanish and has lived in both Taiwan and Argentina. And will be based in the new office in Taipei (瑞士海屹科有限公司).

HeiQ continues to increase its global footprint with the creation of HeiQ Shanghai and HeiQ Taiwan. In addition to HeiQ Hong Kong, these offices aim to provide dedicated technical support in the Greater China area, further broaden its geographical reach in strategic locations and support HeiQ’s brand partners’ manufacturing activities in the region.

• High speed Sample Warping Machine suitable for yarn range between 5 to 500 Tex
• Sectional Warping Machine has user friendly advance software & data management
• Single End Sizing Machine offers 4, 8, 12 and 16 spindle configurations

India based and innovation driven company, Rabatex Industries has lined-up the latest and innovative weaving preparatory technologies including battery operated material handling equipment in a 72 square metre stall at ITMA 2019 in Barcelona in Hall no. 4, Booth no. D215.

The technologies on display include an Automatic Sample Warper, Single End Sizing Machine, Advanced Sectional Warper, Battery Operated Material Handling Equipment and also an Ultrasonic Reed Cleaning Machine. The Rabatex high speed Automatic Sample Warping Machine model RI 6001 is primarily for production of samples and short production warp at very high production rate. The RI 6001 has a robustly constructed warping drum, suitable up to widths of 2400 mm and for warping lengths between 21 and 450 metres (depending on thread density) and suitable for yarn range from 5 to 500 Tex.

The RI 6001 comes with a heavy duty rotational creel with a maximum creel capacity of 16 colours and is suitable of attaining maximum speeds of up to 1,200 metres per minutes. The Rabatex Sectional Warping Machine RI 112 is a state-of-the-art technology which produces high quality warp beams with higher productivity. The RI 112 comes with user friendly advance software and data management, which offers all online data of warping operations. It also offers graphical display of all events and breakages and also loss end memory control.

The ergonomically designed Single End Sizing Machine RI 8001 offers 4, 8, 12 and 16 spindle configurations and produces sized yarn of the highest quality to ensure trouble-free and smooth weaving operations. The RI-8001 is suitable for cotton yarn in the range of 10’s to 120’s Ne and polyester yarn in the range of 30 to 210 deniers, with option of dry steam or electric heater drying system. Rabatex operates four fully functioning manufacturing units, dedicated to producing state-of-the-art machineries and technologies. Another plant covering an area of 50,000 square metres is under construction, which would be devoted for manufacturing material handling and storage equipment.

“All our technologies, including those on display at our ITMA 2019 stall are very robust and so require very less maintenance. We have developed these technologies through our in-house R&D team and go through rigorous tests before being launched in the market,” Mr Haresh Panchal, Managing Director of Rabatex Industries said. “We have grown in double digits in the last few years, thanks to the continuous launching of new technologies and also due to the excellent after sales service support, which we provide to our customers,” Mr Panchal added.