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Lenzing AG successfully issues EUR 500 million hybrid bond (c) Lenzing AG
Lenzing AG successfully issues EUR 500 million hybrid bond
30.11.2020

Lenzing AG successfully issues EUR 500 million hybrid bond

  • Lenzing AG has successfully issued a hybrid bond – a subordinated, unsecured bond – with a total volume of EUR 500 mn and a coupon of 5.75 percent.

The bond was multiple times oversubscribed, has a perpetual tenor and achieves 100 percent IFRS equity accounting due to its structural features. It has successfully been issued following a two-day roadshow with international investors. The denomination of the hybrid bond is EUR 100,000. It is Lenzing’s first hybrid bond on the capital market and will further strengthen the company’s capital structure.

“The success of our hybrid issuance underlines the creditworthiness of Lenzing and the confidence of the capital market in our company. The completion of the transaction strengthens our balance sheet and is a further step in diversifying our financing structure”, said Thomas Obendrauf, Chief Financial Officer of Lenzing AG.

BNP Paribas and Morgan Stanley acted as joint global coordinators and structuring advisors and BNP Paribas, Morgan Stanley and UniCredit as joint bookrunners.

  • Lenzing AG has successfully issued a hybrid bond – a subordinated, unsecured bond – with a total volume of EUR 500 mn and a coupon of 5.75 percent.

The bond was multiple times oversubscribed, has a perpetual tenor and achieves 100 percent IFRS equity accounting due to its structural features. It has successfully been issued following a two-day roadshow with international investors. The denomination of the hybrid bond is EUR 100,000. It is Lenzing’s first hybrid bond on the capital market and will further strengthen the company’s capital structure.

“The success of our hybrid issuance underlines the creditworthiness of Lenzing and the confidence of the capital market in our company. The completion of the transaction strengthens our balance sheet and is a further step in diversifying our financing structure”, said Thomas Obendrauf, Chief Financial Officer of Lenzing AG.

BNP Paribas and Morgan Stanley acted as joint global coordinators and structuring advisors and BNP Paribas, Morgan Stanley and UniCredit as joint bookrunners.

Source:

Lenzing AG

25.11.2020

Bemberg™: Smart-tech fiber

Made from the smart-tech transformation of cotton linters pre-consumer materials and converted through a traceable and transparent closed loop process, Bemberg™ fiber is participating to some of the most cutting edge design innovations on planet Fashion. Its uniqueness comes from its exceptional quality characteristics as the magnificent touch of the fabric that results soft and smooth like silk, second skin-like, and precious look. Bemberg™ boasts also antistatic and breathable performances and the fiber is also biodegradable and compostable. Proving to be a circular economy oriented ingredient, the fiber is driven by innovation and responsibility together with design.

Bemberg™ is also enlarging its position in the market thanks to its valuable partnerships. It has collaborated with the Italian fabric manufacturer Brunello S.p.A. to create unique collections, to obtain innovative features as high absorption and breathability power that give a natural sensation and freshness. The responsible fiber confirms its international attitude with BemBAZIN™, the innovative fabric that empowers the traditional African Damask fabric used to make vibrant garments.

Made from the smart-tech transformation of cotton linters pre-consumer materials and converted through a traceable and transparent closed loop process, Bemberg™ fiber is participating to some of the most cutting edge design innovations on planet Fashion. Its uniqueness comes from its exceptional quality characteristics as the magnificent touch of the fabric that results soft and smooth like silk, second skin-like, and precious look. Bemberg™ boasts also antistatic and breathable performances and the fiber is also biodegradable and compostable. Proving to be a circular economy oriented ingredient, the fiber is driven by innovation and responsibility together with design.

Bemberg™ is also enlarging its position in the market thanks to its valuable partnerships. It has collaborated with the Italian fabric manufacturer Brunello S.p.A. to create unique collections, to obtain innovative features as high absorption and breathability power that give a natural sensation and freshness. The responsible fiber confirms its international attitude with BemBAZIN™, the innovative fabric that empowers the traditional African Damask fabric used to make vibrant garments.

The Japanese brand has teamed up also with Gianni Crespi Foderami to develop a Bemberg™ lining with outstanding stretch performance woven in its DNA. Bemberg™ Natural Stretch was achieved thanks to a complex way of yarn twisting, weaving and finishing. This collection achieves maximum flexibility, resistance and comfort without the use of elastomers polyesters

Archroma: Heike van de Kerkhof (c) Archroma
Heike van de Kerkhof, CEO of Archroma
23.11.2020

Archroma: Ranked in Institute of Public & Environmental Affairs (IPE) List

Archroma, a global leader in specialty chemicals towards sustainable solutions, has been recently ranked number 1 in the “industrial chemicals” list published by the Institute of Public & Environmental Affairs (IPE) for driving transparency in their supply chain.

Archroma also entered the Top 50 of companies in IPE’s Green Supply Chain CITI Evaluation, at the 47th position. The evaluation dynamically assesses brands on the environmental management of their supply chains in China.

With a wide array of products used every day, everywhere, the company is committed to operate along the principles of “The Archroma Way to a Sustainable World: Safe, efficient, enhanced, it’s our nature”. The Archroma team is therefore committed to sourcing safe and sustainable raw materials and intermediates from like-minded partners.

Archroma, a global leader in specialty chemicals towards sustainable solutions, has been recently ranked number 1 in the “industrial chemicals” list published by the Institute of Public & Environmental Affairs (IPE) for driving transparency in their supply chain.

Archroma also entered the Top 50 of companies in IPE’s Green Supply Chain CITI Evaluation, at the 47th position. The evaluation dynamically assesses brands on the environmental management of their supply chains in China.

With a wide array of products used every day, everywhere, the company is committed to operate along the principles of “The Archroma Way to a Sustainable World: Safe, efficient, enhanced, it’s our nature”. The Archroma team is therefore committed to sourcing safe and sustainable raw materials and intermediates from like-minded partners.

Heike van de Kerkhof, CEO of Archroma, recently delivered a message at the IPE 2020 Green Supply Chain Forum online, and commented: “As industry leader, we have the responsibility to keep on addressing the climate challenge, and to do everything we can together to reduce our impact on the environment. This is where the approach of the Institute of Public & Environmental Affairs supports us. They encourage us to challenge our suppliers in terms of safety, health and environment, and to go even beyond our own strict policies and processes.”

Source:

EMG

HeiQu: Carlo Centonze and his daughter Anna (c) HeiQ
Carlo Centonze and his daughter Anna
20.11.2020

HeiQ Viroblock wins Swiss Technology Award 2020

The Swiss Technology Award announced the 2020 prizes, and among all the notable finalist innovations of the year, HeiQ was bestowed the highest honor as First Prize Winner for its breakthrough antiviral textile technology HeiQ Viroblock.

Developed in record time and launched after the Swiss authorities announced the lockdown in March 2020, HeiQ Viroblock has had a major impact on the global textile industry and is being unprecedently adopted by mills around the world.

The Swiss Technology Award announced the 2020 prizes, and among all the notable finalist innovations of the year, HeiQ was bestowed the highest honor as First Prize Winner for its breakthrough antiviral textile technology HeiQ Viroblock.

Developed in record time and launched after the Swiss authorities announced the lockdown in March 2020, HeiQ Viroblock has had a major impact on the global textile industry and is being unprecedently adopted by mills around the world.

The technology that makes HeiQ Viroblock a unique innovation
What exemplifies HeiQ Viroblock is its ability to turn any fabric antiviral. It’s among the first textile technologies in the world to be proven effective against SARS-CoV-2 (COVID-19). HeiQ Viroblock consists of a combination of HeiQ’s patent-pending vesicle and silver technologies. The two mechanisms of attack result in an over 99.9% destruction of viruses in 5 minutes that is unrivaled in the industry. HeiQ Viroblock is a unique patent-pending formulation of 72% bio-based ingredients, made with 100% cosmetic-grade materials from the International Nomenclature of Cosmetic Ingredients list. HeiQ Viroblock is also a shining example of Swiss cooperation between academics and the industry. The silver technology was developed at ETHZ (Eidgenössische Technische Hochschule Zürich), the vesicle technology at EPFL (École polytechnique fédérale de Lausanne), and the production was scaled up at FHNW (Fachhochschule Nordwestschweiz).

HeiQ Viroblock has demonstrated unparalleled speed from laboratory to consumer
HeiQ launched the new antiviral textile technology HeiQ Viroblock on March 16, 2020 – two hours after Switzerland declared a state of emergency. This was made possible with the indispensable support of Swiss research Partner FHNW and the EPFL which helped accelerate product validation. The fast scale-up of production was enabled by the FHNW School of Life Sciences with their new Process Technology Center (PTC) by special permit. With its agile operations and global footprint, HeiQ also brought HeiQ Viroblock face masks and other PPE (personal protection equipment) to different corners of the world where are needed. Now, Swiss consumers can also acquire HeiQ Viroblock enhanced face masks online.

Reacting to the news of HeiQ Viroblock winning this year’s Swiss Tech Award, Co-founder and CEO Carlo Centonze says: “I am both amazed and honored that HeiQ has won this award a second time in just ten years, and from among some incredible tech innovation finalists. It confirms our resolve to push the boundaries and push innovations to help the world with its most pressing and imminent problems. This award is recognition for our company and team that have spared no efforts to develop and launch HeiQ Viroblock at such speed and make a valuable contribution to the global pandemic efforts. We remain true to our mission: enhancing the everyday lives of people with smart and efficient textile effects.”

 

Source:

HeiQ

Monforts (c) Monforts
19.11.2020

İlay puts a premium on energy with new Monforts installation

The company, founded in 1993, has established a reputation for leadership in new printing techniques and technologies with customers across Europe, as well as with many of the leading Turkish brands.

Mission
On its mission to achieving continuous progress in error-free and resource-efficient manufacturing, İlay has just taken delivery of a new Monforts Montex stenter range, with a working width of two metres and eight TwinAir chambers.

“This installation provides us with much improved control options for all process parameters and compared to the old stenter it is replacing, we are particularly impressed with the energy savings we are making,” Mr Savaş says.

Achieving energy savings on Montex stenters has been a key focus for Monforts designers and engineers in Germany for many years.

The company, founded in 1993, has established a reputation for leadership in new printing techniques and technologies with customers across Europe, as well as with many of the leading Turkish brands.

Mission
On its mission to achieving continuous progress in error-free and resource-efficient manufacturing, İlay has just taken delivery of a new Monforts Montex stenter range, with a working width of two metres and eight TwinAir chambers.

“This installation provides us with much improved control options for all process parameters and compared to the old stenter it is replacing, we are particularly impressed with the energy savings we are making,” Mr Savaş says.

Achieving energy savings on Montex stenters has been a key focus for Monforts designers and engineers in Germany for many years.

With the TwinAir heating chamber system within a Montex stenter, top and bottom airflows can be regulated completely independently of each other, ensuring heat is only applied when and where it is required. The Optiscan balancing system ensures continuous automatic evaluation of the distance between the nozzles and the fabric for highly economical and contact-free drying.

The resulting constant evaporation rate within the stenter ensures optimum energy utilisation. In addition, TwinAir chambers feature special panelling for low heat radiation, careful sealing of all connecting positions and chamber access points, and air locks at both the entry and the exit.

“Monforts stenters set the benchmark in terms of energy efficiency and help conserve resources,” says Ahmet Kılıç, founder of Neotek, the representative for Monforts in Turkey. “Automatically setting the initial moisture content requirement for a specific process before drying to a minimum value helps reduce heat evaporation and consequently, energy consumption. The hermetic sealing of the stenter frame further prevents the loss of heated air as well as the ingress of excessive cold air – which has to be heated back up if it is not kept out in the first place.”

The new Montex line was completed at İlay Textile in August 2020, with no problems during either installation or commissioning.

 

Source:

AWOL Media

Oerlikon: Meltblown und Spunbond (c) Oerlikon
19.11.2020

Oerlikon: Meltblown and Spunbond technologies

Since the outbreak of the coronavirus pandemic, the worldwide demand for protective masks and apparel has resulted in a record number of new orders in the high double-digit millions of euros at Oerlikon Nonwoven. The meltblown technology from Neumünster is recognized by the market as being one of the technically most efficient methods for producing highly-separating filter media made from plastic fibers.

Since the outbreak of the coronavirus pandemic, the worldwide demand for protective masks and apparel has resulted in a record number of new orders in the high double-digit millions of euros at Oerlikon Nonwoven. The meltblown technology from Neumünster is recognized by the market as being one of the technically most efficient methods for producing highly-separating filter media made from plastic fibers.

Protective equipment demands high-end nonwoven products
The rising demand for protective masks and other medical protective equipment since the start of the coronavirus pandemic and the associated global ramping up of production capacities has also resulted in an increase in the demand for nonwovens for the production thereof. Initially, this resulted in bottlenecks in the provision of meltblown filter nonwovens. To this end, there had until this point be very few producers of medical filter nonwovens outside China. Meanwhile, the demand for spunbond systems is also rising. “Due to the structure of our group, we are in the fortunate position to swiftly reallocate and free up our production capacities. This means that we are able to relatively quickly deliver not only meltblown systems, but also spunbond equipment”, explains Dr. Ingo Mählmann, Head of Sales & Marketing at Oerlikon Nonwoven, talking about the positive situation at the company.

The capacities for respiratory masks available in Europe to date are predominantly manufactured on Oerlikon Nonwoven systems. “Our machines and systems for manufacturing manmade fiber and nonwovens solutions enjoy an outstanding reputation throughout the world. Ever more manufacturers in the most diverse countries are hoping to become independent of imports”, comments Dr. Mählmann. The Oerlikon Nonwoven meltblown systems are being delivered to Germany, China, Turkey, United Kingdom, South Korea, Italy, France, North America and – for the very first time – to Australia until well into 2021.

Quality and efficiency in demand
Depending on the purpose of the application, medical PPE (personal protection equipment) should be breathable and comfortable to wear, protect medical staff against viruses, bacteria and other harmful substances and form a barrier against liquids. For these reasons, they are often made of either pure spunbond or of spunbond-meltblown combinations. Here, the meltblown nonwoven core assumes the barrier or filter task, while the spunbond has to retain its shape, while being tear-resistant, abrasion-proof, absorbent, particularly flame-resistant and nevertheless extremely soft on the skin.

All masks are not created equal – thanks to the ecuTEC+
Protection against infections such as coronavirus can only be guaranteed with the right quality.

The nonwovens can be electrostatically-charged in order to further improve the filter performance without additionally increasing breathing resistance. Here, Oerlikon Nonwovenʼs patented ecuTEC+ electro-charging unit excels in terms of its extreme flexibility. Nonwovens manufacturers can freely choose between numerous variation options and set the optimal charging method and intensity for their specific applications. In this way, even the smallest particles are still attracted and reliable separated by a relatively open-pored nonwoven. Nevertheless, mask wearers are still able to easily breathe in and out due to the comparatively loose formation of the fibers. To this end, it comes as no surprise that all meltblown systems currently destined for the production of mask nonwovens are equipped with the ecuTEC+ unit.

For the AW 21/22 TINTEX presents its Raw Collection (c) Tintex
AW 21/22 Raw Collection by TINTEX Textiles
18.11.2020

For the AW 21/22 TINTEX presents its Raw Collection

  • An introspective and emotional journey of transformation
  • The global leading jersey manufacturer launches a brand-new collection deliberately “raw”, a back to matter, materials and origins as individuals that are able to change and evolve.
     

Another big step of TINTEX Naturally Advanced Evolution

TINTEX has over time established itself as a global leader in smart innovation with its high quality, natural based responsible jersey fabrics using the latest and best sustainable high-tech dyeing and finishing processes, implementing expertly controlled processing to drive material innovation and manufacture a full range of natural based smart materials, optimizing superior and responsible fashion solutions.

  • An introspective and emotional journey of transformation
  • The global leading jersey manufacturer launches a brand-new collection deliberately “raw”, a back to matter, materials and origins as individuals that are able to change and evolve.
     

Another big step of TINTEX Naturally Advanced Evolution

TINTEX has over time established itself as a global leader in smart innovation with its high quality, natural based responsible jersey fabrics using the latest and best sustainable high-tech dyeing and finishing processes, implementing expertly controlled processing to drive material innovation and manufacture a full range of natural based smart materials, optimizing superior and responsible fashion solutions.

The new collection confirms the Naturally Advanced Evolution vision as the right approach:  to work together in a deeper way - textile producers and fashion brands - to develop solutions, innovations with a strong environment-driven approach and cutting-edge technology able to offer contemporary consumer a brand new smart and performing choice.  As result, Raw is a true Naturally Advanced Evolution of the modern human being, explaining a story with no more genders and races, just focused on contemporary values.

The concept behind the AW 21/22 Raw Collection is turning back to nature and to our origins, a journey through emotional, spiritual and physical changes. Thinking about what’s happening around us as planet and individuals in an era of unpredictable challenges, we need to be creative reinventing us every day in different ways, aware of a new society and way of consuming where environment and human needs count.  A unique collection with three different approaches to mix together through a colour palette that goes from raw, dirty beige to a warm pinkish red and a false black-bluish gray.

fluidity, human, natural reconnection. An introspective journey where it’s all about ourselves and who we are. Through light and translucent fabrics, touches of peach and waxes in warm reds and burgundy, we find delicate, natural and extra light fabrics that flow on the skin to symbolically represent the inner fight from who we are and who we want to be. Organic cotton and Tencel™ Modal Micro processed in a special way, are at the center of this stage.
 
raw beauty, reuse, less is more. With this line, the company gives new life to existing articles, showing all the beauty of the raw material and the transformation they went through. This re-transformation of materials reflects the inner transformation; reborn of human beings, of time, of challenges through a new perspective where we reinvent ourselves, home, habits and planet. Our capability, skills to give new life to things it is not something we forgot through time. Organic cotton, Tencel™ Modal Micro, European hemp, Q-Nova® recycled polyamide and ROICA™ EF premium sustainable recycled stretch fiber are the materials boosting th experience.
 
timeless, versatile utility, urban. In a history of deep blues, with clean and dense touches, we come to acceptance, to a future where we relearn to live with what we already had. Organic cotton, Tencel™ Modal Micro and Texloop™ guarantee timeless performed articles, where the high-performance pairs to sustainable process especially at yarn level.

Freedom for ourselves, comfort, flexibility, movement are the concepts the company explores looking not only to sportswear market, but to all the markets where the most comfortable yet performing and responsible materials - from recycled synthetics to organic cotton - are the “right value choice”.

ECOSENSOR™ by Asahi Kasei presents its new fabric collection © 2020 classecohub
ECOSENSOR™ 100% recycled polyamide fabrics
16.11.2020

ECOSENSOR™ by Asahi Kasei presents its new fabric collection

  • ECOSENSOR™ 100% recycled polyamide fabric
  • New fabric collection imbued with the brand’s sustainable story-making, at the Digital Edition of Performance Days

ECOSENSOR™’s new references combine high-performance and innovation to empower people with the possibility to live life naturally both for mind and body. The new range is woven from certified ingredients, a completely traceable production process and highly certified suppliers

“A New Eco high-tech force of Nature”, a bold claim, a daring attitude and true facts. ECOSENSOR™ by Asahi Kasei has concentrated all its key values into a Nature-driven and high-tech fabric collection that respects the environment and human being. Sustainability, active climate control, exquisite touch and extreme performance co-habit the textiles: the collection is made of wovens and knits where the main technology is represented by GRS - Global Recycled Standard certified polyamide and polyesters, sometime combined with ROICA™ recycled stretch yarns and dyed and finished with Oekotex Standard 100 certified processes and/or by BlueSign® partners’ companies.

  • ECOSENSOR™ 100% recycled polyamide fabric
  • New fabric collection imbued with the brand’s sustainable story-making, at the Digital Edition of Performance Days

ECOSENSOR™’s new references combine high-performance and innovation to empower people with the possibility to live life naturally both for mind and body. The new range is woven from certified ingredients, a completely traceable production process and highly certified suppliers

“A New Eco high-tech force of Nature”, a bold claim, a daring attitude and true facts. ECOSENSOR™ by Asahi Kasei has concentrated all its key values into a Nature-driven and high-tech fabric collection that respects the environment and human being. Sustainability, active climate control, exquisite touch and extreme performance co-habit the textiles: the collection is made of wovens and knits where the main technology is represented by GRS - Global Recycled Standard certified polyamide and polyesters, sometime combined with ROICA™ recycled stretch yarns and dyed and finished with Oekotex Standard 100 certified processes and/or by BlueSign® partners’ companies.

But there is much more than it meets the eye. Behind the new collection is a great story of sustainability.

“Our international team strives to innovate with a human-based approach to research and develop solutions that meet high-performance standards as well as the transparency and traceability of both the ingredients and the supply chain”, says Mr. Hashimoto, Senior Managing Director of Asahi Kasei Advance, the global materials innovator and manufacturer. Indeed, the company has set the high bar all its suppliers and partners must match. Such criteria include: thoroughly transparency and traceability of both materials and production, corporate responsibility at all levels and a strategic commitment granted by influential certifications such as GRS - Global Recycle Standard for recycled ingredients and processes, as well as Bluesign® and OekoTex Standard 100 certifications, which focus on environmental-friendly impact of the dyeing and finishing processes.

The human, environmentally-friendly and cutting-edge imprint of ECOSENSOR™ ultimate collection reflects a vision for a more responsible way of fabric manufacturing. A new force of nature, because story-telling truly must match the story-making.

Source:

GB Network

TMAS member imogo develops new sustainable spray application technologies (c) TMAS
The roundtable discussion, Sustainable Finishing Methods in Textile Finishing, during ITA 2020.
16.11.2020

TMAS member imogo develops new sustainable spray application technologies

In a roundtable discussion during the recent Innovate Textiles & Apparel (ITA) textile machinery exhibition, imogo Founding Partner Per Stenflo and representatives from a number of like-minded European companies discussed the opportunities for new spray application technologies for the dyeing and finishing sector.

These technologies can achieve tremendous savings for manufacturers compared to traditional water-intensive processes it was explained at the event, held online from October 15-30th.

Pioneer
imogo – one of the latest companies to join TMAS, the Swedish Textile Machinery Association – is one of the key pioneers in this area with its Dye-Max system. Dye-Max spray dyeing technology can slash the use of fresh water, wastewater, energy and chemicals by as much as 90% compared to conventional jet dyeing systems. This is due to the extremely low liquor ratio of 0.3-0.8 litres per kilo of fabric and at the same time, considerably fewer auxiliary chemicals are required to start with.

In a roundtable discussion during the recent Innovate Textiles & Apparel (ITA) textile machinery exhibition, imogo Founding Partner Per Stenflo and representatives from a number of like-minded European companies discussed the opportunities for new spray application technologies for the dyeing and finishing sector.

These technologies can achieve tremendous savings for manufacturers compared to traditional water-intensive processes it was explained at the event, held online from October 15-30th.

Pioneer
imogo – one of the latest companies to join TMAS, the Swedish Textile Machinery Association – is one of the key pioneers in this area with its Dye-Max system. Dye-Max spray dyeing technology can slash the use of fresh water, wastewater, energy and chemicals by as much as 90% compared to conventional jet dyeing systems. This is due to the extremely low liquor ratio of 0.3-0.8 litres per kilo of fabric and at the same time, considerably fewer auxiliary chemicals are required to start with.

Obstacles
Such technologies, however, face a number of obstacles to adoption and during the ITA discussion it was agreed that 2020 has not provided the ideal climate for adventurous investors. “The textile industry is quite conservative and is definitely in survival mode at the moment and it is not the time to be a visionary,” said Stenflo. “Day to day business is about staying alive – that’s the reality for many of our customers.” Nevertheless, all of the panellists agreed that sustainable production will remain top of the agenda for the textile industry in the longer term and spray technologies for dyeing and finishing processes will be a part of it.

“Any investment in something new is a risk of course, and we have to be able to explain and convince manufacturers that there’s a good return on investment, not only in respect of sustainability, but in terms of making good business sense,” said Stenflo. “Here we could use the help of the brands of course, in putting pressure on their suppliers to be more sustainable. Governments also have a role to play, in providing incentives for producers to move in the sustainable direction. Sustainability alone will never cut it, there has to be a business case, or it won’t happen.”

Marketing
The marketing of sustainable new fibers is comparatively easy for the brands compared to explaining the difficult textile processes and the chemistries involved in fabric and garment production, he added.

“These fibers, however, currently go through all the same dirty processes that we need to get away from, so it must happen,” he said. “In developing our technologies, it has been important for us to avoid disrupting existing supply chains, stick with using off-the-shelf chemistries and dyes, and involve the dye manufacturers who are an essential part in how operations are driven today. “In fact, collaboration across the entire textile supply chain – from the brands right back to the new technology developers – is essential in moving the sustainability agenda forward.

Business models
“We are also looking into new business models in terms of how to reduce or lower the thresholds for investment and minimise the risk for the manufacturers who are looking to be the innovators,” he concluded. Also taking part in the ITA roundtable discussion were Simon Kew (Alchemie Technology, UK), Christian Schumacher (StepChange Innovations, Germany) Tobias Schurr (Weko, Germany), Rainer Tüxen (RotaSpray, Germany) and Felmke Zijilstra (DyeCoo, Netherlands).

European innovations
“It’s fantastic that all of this innovation is taking place in Europe based on established know-how and forward thinking,” said TMAS Secretary General Therese Premler-Andersson.

“Spray application technologies are a perfect illustration of how new digital technologies can lead to more sustainable production, in this case by replacing water-intensive processes with the highly precise and controlled application of dyes and chemistries as vapour.
“There was a major project by the Swedish research organisation Mistra Future Fashion recently, involving many brand and academic institute partners. The project’s Fiber Bible 1 and 2 reports conclude that it’s very difficult to make assumptions that one fiber is better than another, because it’s so much about how fabrics and garments are being produced from them. The study also found that 55% of the chemicals used in a garment comes from the dyeing. This is where a number of TMAS companies can make a difference.
“An organic or recycled cotton t-shirt is not automatically more sustainable than a conventional cotton t-shirt, or even one made from synthetics – the alternative fibers are a good start but you have to consider the entire life cycle of a garment, and that includes the smart technologies in textiles production.
“TMAS members – backed by Swedish brands and advanced research institutes – are playing an active part in pushing forward new concepts that will work, and I have no doubt that digitalisation now goes hand in hand with sustainability for the textile industry’s future.”          

Riri Group boosts its offer with Cobrax Metal Hub. (c) Riri Group
RIRI GROUP Cobrax Metal Hub
12.11.2020

Riri Group boosts its offer with Cobrax Metal Hub.

  • The new company in the Group is dedicated to metal accessories for luxury and haute couture, in the heart of the Tuscan fashion district.

Mendrisio – Another important milestone has been reached at Riri: the incorporation of Cobrax Metal Hub, the new company in the Group which specialises in the design, development and manufacturing of metal components for the luxury and haute couture sector. The company’s headquarters are in the heart of the Tuscan fashion district, combining high quality Made in Italy, decades-long expertise and the care for details which has always characterised Riri.

  • The new company in the Group is dedicated to metal accessories for luxury and haute couture, in the heart of the Tuscan fashion district.

Mendrisio – Another important milestone has been reached at Riri: the incorporation of Cobrax Metal Hub, the new company in the Group which specialises in the design, development and manufacturing of metal components for the luxury and haute couture sector. The company’s headquarters are in the heart of the Tuscan fashion district, combining high quality Made in Italy, decades-long expertise and the care for details which has always characterised Riri.

The new company is a result of the acquisition of 2Frame, a historical Italian brand in the industry, which is now an integral part of the Riri family, under the new name Cobrax Metal Hub. Thanks to this new entry, the Swiss Group has become the first sole supplier of metal accessories for the leatherwear industry, adding to its traditional range of zips and buttons a new line of products which includes all types of fastening, padlocks, snap hooks and buckles. It is an actual strategic hub, to offer the brands a single contact point for any needs and requests concerning metal accessories.

This new acquisition also makes it possible for Riri to respond, in an even faster and more effective way, to the demand for developing new articles and prototypes. By focusing on customer needs, Cobrax Metal Hub is actually able to design and develop customised products, guaranteeing continuous support in all process phases: from the search for materials, to technical and finishing solutions, the prototyping and sampling stage, to the industrialisation and manufacturing stage.

Renato Usoni, CEO at Riri Group adds: “Thanks to Cobrax Metal Hub the Riri Group has become the first sole supplier of accessories for the leatherwear sector. It is a project intended to add value and increase the company’s ability to serve its market, providing increasingly comprehensive and tailor-made answers, bearing witness to a vision whereby investing in the future is the best response to the scenarios, more complex than ever before, with which the whole market is confronted today”.

Source:

Menabò Group

ECONNECTION: new collaborative business model (c) GB Network
11.11.2020

ECONNECTION: new collaborative business model

  • A new collaborative business model gives life to ECONNECTION: an eco-high-tech collection designed thinking of the “end of life”

Three premium textile companies, one common goal: jointly offer ready to use, coordinated solutions that are design driven, performing and responsible also at the end of life.

Penn Textile Solutions/Penn Italia - international company producing and developing innovative fabrics through warp and weft knitting technologies, Tessitura Colombo Antonio, famous for the processing of lace and ribbons dedicated to the world of corsetry , Elastici Besana specialized in the production of narrow elastic for corsetry and underwear, have been working together to expand the frontiers of sustainable manufacture practices and to offer an innovative collection , a new set of incredible eco high tech innovations delivering a responsibility concept including also the end of life : ECONNECTION.

The responsible ECONNECTION collection, in which the words ECO and CONNECTION mixed to underline the importance of connect and come together for a sustainable project, features:

  • A new collaborative business model gives life to ECONNECTION: an eco-high-tech collection designed thinking of the “end of life”

Three premium textile companies, one common goal: jointly offer ready to use, coordinated solutions that are design driven, performing and responsible also at the end of life.

Penn Textile Solutions/Penn Italia - international company producing and developing innovative fabrics through warp and weft knitting technologies, Tessitura Colombo Antonio, famous for the processing of lace and ribbons dedicated to the world of corsetry , Elastici Besana specialized in the production of narrow elastic for corsetry and underwear, have been working together to expand the frontiers of sustainable manufacture practices and to offer an innovative collection , a new set of incredible eco high tech innovations delivering a responsibility concept including also the end of life : ECONNECTION.

The responsible ECONNECTION collection, in which the words ECO and CONNECTION mixed to underline the importance of connect and come together for a sustainable project, features:

  • 7 advanced knitted stretch fabrics by Penn Textile Solutions/Penn Italia,
  • 3 precious laces by Tessitura Colombo Antonio
  • 3 functional bands by Elastici Besana

So, 3 key leading companies with a key target : to design and deliver the market amazing responsible fabrics able to offer a responsible end of life. This opened up the door to new generation of ingredients such as:

  • ROICA™ V550 made by leading fiber manufacturer Asahi Kasei, a premium sustainable stretch yarn that at the end of his life smartly breaks down without releasing harmful substances in the environment according to Hohenstein Environment Compatibility Certification and also boasting the Gold Level Material Health Certificate by Cradle-to-Cradle Product Innovation Institute** as it has been evaluated for impact on human and environmental health.
  • Amni Soul Eco®, the world’s first biodegradable in anaerobic conditions polyamide 6.6 yarn that degrades in around 5 years* after disposing in landfill, developed by SOLVAY and produced and distributed in Italy by FULGAR.

The collection is presented in its BIO -BOX that will be sent to selected brands at worldwide level

A smart project that highlights the importance of synergies between companies know how, and new generation of materials , that is able to take products to a new level of responsible innovation, technology and exceptional performances where beauty and function will be able to carry the smart factor for the values they represent for the consumer and highlighting for the first time also the importance of their end of life.

Lenzing: Stefan Doboczky (CEO) (c) Lenzing
Lenzing: Stefan Doboczky (CEO)
09.11.2020

Canopy ranking: Lenzing for the first time achieves highest Hot Button category

The Lenzing Group scored a total of 30.5 points (4 points more compared to last year) and received for the first time a leading dark green shirt, the highest Hot Button ranking category. Lenzing once again convinced the non-profit organization Canopy with its innovative vision with regard to circular economy and REFIBRA™ technology, its high level of transparency in wood and pulp sourcing, as well as its active contribution towards protecting forests and preserving biodiversity.

In this widely recognized ranking, Canopy grades the world’s 31 largest producers of wood-based fibers with respect to their sustainable wood and pulp sourcing, their efforts with regard to using alternative non-wood feedstock and their achievements for lasting conservation in critical forests round the globe.

The Lenzing Group scored a total of 30.5 points (4 points more compared to last year) and received for the first time a leading dark green shirt, the highest Hot Button ranking category. Lenzing once again convinced the non-profit organization Canopy with its innovative vision with regard to circular economy and REFIBRA™ technology, its high level of transparency in wood and pulp sourcing, as well as its active contribution towards protecting forests and preserving biodiversity.

In this widely recognized ranking, Canopy grades the world’s 31 largest producers of wood-based fibers with respect to their sustainable wood and pulp sourcing, their efforts with regard to using alternative non-wood feedstock and their achievements for lasting conservation in critical forests round the globe.

Leading in sustainable sourcing with a decade-long clean record
Wood and pulp are the most important raw materials for Lenzing’s sustainable production of cellulosic fibers. The Lenzing Group is particularly proud of its decade-long clean record of sustainable wood sourcing, evidenced by its long-standing credible commitment to wood certification, which Lenzing pioneered already in the 1990s. Lenzing’s commercial wood sources are  100 percent either certified by FSC® or PEFC™, or controlled in line with FSC® standards.

Social impact and afforestation project in Albania
At the backdrop of Lenzing’s long history of clean sourcing, the company is even more aware that the global forests are seriously threatened by illegal logging and deforestation but also by the consequences of climate change. This is why Lenzing – in addition to supporting a number of Canopy’s conservation projects – has set up a social impact and afforestation project in Albania (Southern Europe).*

Special focus on sustainable plantations in Brazil
For its latest investment in a pulp mill in Brazil, Lenzing actively collaborates with Canopy to ensure that the wood sourcing is in line with sustainable practices. The plant will be among the highest productive and energy-efficient facilities in the world and will feed the 40 percent excess bioelectricity generated on site as “green energy” into the public grid.*

REFIBRA™ technology: Commercially available since 2017
As a long-standing player in the industry, Lenzing has undertaken extensive research into many different alternative non-wood cellulose sources such as annual plants, like hemp, straw, and bamboo. Until now, textile waste has turned out to be the most promising alternative feedstock for scaled commercial use.
Lenzing’s lyocell fiber produced with the breakthrough REFIBRA™ technology (Eco Cycle technology for nonwoven applications) uses textile waste as part of the feedstock and is an important step towards a circular economy.*

50 percent recycled content by 2024
It is Lenzing’s vision to make textile waste recycling a common standard process like paper recycling and to offer fibers produced with REFIBRA™ technology with up to 50 percent recycled content from post-consumer waste by 2024.

 

*Please read attached document for more information

More information:
Lenzing Canopy Sustainability Refibra
Source:

Lenzing

Logo Rieter (c) Rieter
05.11.2020

Strategic Partnership Between Rieter and WW Systems

  • License agreement concluded for promising technology
  • Integration into the digital spinning suite ESSENTIAL
  • Implementation of digital strategy further advanced

The Rieter Group concludes a license agreement with WW Systems on November 5, 2020 and will integrate the Brazilian company's promising product into its digital spinning suite ESSENTIAL. "OptCotton" from WW Systems offers the only software system worldwide that enables an even blend of cotton for the spinning process. With this cooperation, Rieter is taking an important step forward in implementing its digital strategy and offering its customers further added value in yarn production.

  • License agreement concluded for promising technology
  • Integration into the digital spinning suite ESSENTIAL
  • Implementation of digital strategy further advanced

The Rieter Group concludes a license agreement with WW Systems on November 5, 2020 and will integrate the Brazilian company's promising product into its digital spinning suite ESSENTIAL. "OptCotton" from WW Systems offers the only software system worldwide that enables an even blend of cotton for the spinning process. With this cooperation, Rieter is taking an important step forward in implementing its digital strategy and offering its customers further added value in yarn production.

"OptCotton" eliminates variations in quality between cotton blends that are being prepared for the spinning process. In this way, standardized quality yarn can be produced efficiently in the spinning process. From the arrival of the bales in the warehouse to their use in the blowroom line, “OptCotton” manages the entire blending process with no need for categorization. This results in increased efficiency in storage and logistics as well as machine performance.

Integration into the digital spinning suite ESSENTIAL
By integrating this solution, Rieter strengthens its digital spinning suite ESSENTIAL. Access to bale-related fiber data and raw material information opens up new possibilities for controlling the spinning mill. In combination with the existing modules ESSENTIALbasic, ESSENTIALmonitor, ESSENTIALmaintain and ESSENTIALpredict, this optimizes the entire spinning process and raises digital intelligence to a new level.

Source:

Rieter Management AG

03.11.2020

JEC WORLD announces new 2021 Dates

  • New digital platform unveiled
  • Due to the continued impact of the Covid-19 pandemic and after thorough consultation of clients and partners, the JEC World team today announces that the next edition of JEC World is postponed from March 9 to 11 to June 1 to 3, 2021.

With the growing concern among our exhibitors and partners surrounding the critical situation of the Covid  19,  travel  restrictions,  quarantine,  and  lockdown  measures  announced  recently  in  many  countries, the JEC World team has decided to work on a new timeline to hold the next edition of the event in safer conditions in 2021.

  • New digital platform unveiled
  • Due to the continued impact of the Covid-19 pandemic and after thorough consultation of clients and partners, the JEC World team today announces that the next edition of JEC World is postponed from March 9 to 11 to June 1 to 3, 2021.

With the growing concern among our exhibitors and partners surrounding the critical situation of the Covid  19,  travel  restrictions,  quarantine,  and  lockdown  measures  announced  recently  in  many  countries, the JEC World team has decided to work on a new timeline to hold the next edition of the event in safer conditions in 2021.

Thus, JEC World exhibitors answered a survey proposing three dates to determine which one would suit  them  the  most.  It  appeared  that  a  large  majority  of  respondents  favored  holding  the  next  JEC  World session from June 1 to 3, 2021."We truly regret having to make this difficult decision. However, we are all committed, starting todayto deliver the best JEC World experience to our clients.  We look forward to welcoming the international composites community back to Paris in June 2021", says Eric Pierrejean, CEO of JEC Group. As the leading trade show of the composites industry, JEC World brings together the whole composites materials  value  chain  and  professionals  from  application  sectors,  experts  from  the  scientific  and  academic world, associations and media from more than 112 countries.

JEC  World  is  also  proud  to  introduce  its  audience  this  year,  its  new  digital  platform,  JEC  World  Augmented.

This online platform, programmed to take place alongside JEC World,istailored primarily for attendees who cannot be present physically at the show but still want to experience a tremendousdigital event immersion. "JEC  World  and  its  augmented platform  will  bring  the  international  composites  community  and  specialists   together   to   network   with   exhibitors,   hold   digital   business   meetings,   access   online   conferences, workshops, and discover the latest composites innovation,"  says Adeline Larroque, Show director and EMEA events. "Now, more than ever, the international composites sector needs to come together to discuss today's challenges and tomorrow's composites solutions," adds Larroque.

Source:

JEC Group

30.10.2020

SGL Carbon SE: Board of Management resolves restructuring program

An impairment charge has become necessary based on the current status of the new 5 year plan.

(Market Abuse Regulation N° 596/2014)
•    Impairment loss amounting to €80-100 million in the fourth quarter 2020 in the business unit CFM
•    Restructuring program resolved with savings target of more than €100 million until 2023
•    Guidance 2020 for Group sales and operating recurring Group EBIT confirmed
•    Guidance 2020 for net result reduced to minus €130-150 million

An impairment charge has become necessary based on the current status of the new 5 year plan.

(Market Abuse Regulation N° 596/2014)
•    Impairment loss amounting to €80-100 million in the fourth quarter 2020 in the business unit CFM
•    Restructuring program resolved with savings target of more than €100 million until 2023
•    Guidance 2020 for Group sales and operating recurring Group EBIT confirmed
•    Guidance 2020 for net result reduced to minus €130-150 million

In the current status of the 5 year plan, which is at present under preparation, significant deviations have already become apparent today, particularly in the market segments Automotive, Aerospace and Wind Energy in the business unit Composites – Fibers & Materials (CFM). Partially also due to the pandemic, Automotive and Aerospace is developing slower than anticipated in the last 5 year plan. In contrast, business with Wind Energy is growing much stronger than previously planned. These changes in the product mix lead to lower mid-term earnings at CFM compared to the prior 5 year plan. Following these deviations from the last 5 year plan, an event-driven impairment test was undertaken. This results in a non-cash impairment charge amounting to €80-100 million, which will be recorded in the fourth quarter 2020.

The Board of Management of SGL Carbon SE today also resolved the implementation of a restructuring program, with which the Company is targeting savings of more than €100 million until 2023 (compared to the base year 2019). These savings consist of a planned socially compatible reduction in personnel of more than 500 employees and substantial reduction in indirect spend, particularly in the areas of travel, consulting and external services. Costs of approximately €40 million are anticipated for the implementation of this restructuring program. A little more than half of this is expected to be recorded as expenses in the fourth quarter 2020, while the associated cash outflows are mainly forecasted for 2021.

This requires a partial adjustment of the guidance for 2020. The solid operational development in the third quarter 2020 with Group sales between €220 and €230 million and operating recurring EBIT1 between €13 and €15 million (plus approximately €9 million positive one-time effects) is within the framework of our expectations for the full year 2020. However, the Group net result is likely to develop below the prior year level of minus €90 million and reach approximately between minus €130 and €150 million due to the restructuring provisions as well as the impairment charge (prior guidance: improvement to a negative low double-digit million € amount).

With liquidity of €167 million as of September 30, 2020 (compared to €137 million at year-end 2019) and further cash inflows in the fourth quarter 2020 from successfully implemented additional funding measures, the Company’s position is solid. This liquidity is more than sufficient for the payment of the purchase price for SGL Composites USA in the amount of USD 62 million at the end of 2020 as well as the restructuring-related cash outflows expected mainly in 2021. The Company continues to have access to the revolving credit facility (RCF) in the amount of €175 million, which remains undrawn.

The quarterly statement as of September 30, 2020 will be published on November 12, 2020 as scheduled. Further details on the new 5 year plan as well as the guidance on the fiscal year 2021 will be presented with the publication of the Annual Report 2020 on March 25, 2021.

*The use of KPIs in this notification is aligned to the annual report 2019 and the interim report for the first half year 2020. There were no changes to the scope of consolidation or to valuation methods compared to the previous guidance.

More information:
SGL Carbon Composites Fibers
Source:

SGL CARBON SE

PREMIUM GROUP: Statement about January 2021 Events (c) Premium Group
Anita Tillmann
30.10.2020

PREMIUM GROUP: Statement about January 2021 Events

  • Anita Tillmann, managing partner, about Premium Group´s January 2021 Events

“These are challenging times – for all of us. On one hand, because we can't meet up in the same carefree way as usual. And, on the other hand, because decisions have to be made based on factors that are out of everyone’s control. Alongside all this, it’s essential that we look to the future with positivity, that we use the time effectively and continue to advance in the face of adversity. This not only affects the trade show and event organisers, but the whole industry.

  • Anita Tillmann, managing partner, about Premium Group´s January 2021 Events

“These are challenging times – for all of us. On one hand, because we can't meet up in the same carefree way as usual. And, on the other hand, because decisions have to be made based on factors that are out of everyone’s control. Alongside all this, it’s essential that we look to the future with positivity, that we use the time effectively and continue to advance in the face of adversity. This not only affects the trade show and event organisers, but the whole industry.

We have carried out market research and surveyed exhibitors, partners and buyers on the current circumstances. The objective was to obtain a data-based assessment of the current economic situation, a summary of the success of the exclusively digital events, and insights into the requirements of our network with regard to the physical trade shows. Following analysis of the data gathered we have established that there is a personal wish for an event to happen – inclusive of the appropriate hygiene measures – however, this is unfortunately not currently possible from a professional perspective. As long as there are delays to production and constantly changing travel and contact restrictions in place, we cannot put on any trade shows, conferences or events that would meet our demands or the demands of our exhibitors.

We have therefore decided not to hold PREMIUM, SEEK or FASHIONTECH next January. This was an incredibly difficult decision to make. Especially because we didn't want to say goodbye to Berlin without a fitting farewell.

Now, though, it’s about looking forward and concentrating on what is certain: Frankfurt Fashion Week, which we will be staging in July 2021 together with Messe Frankfurt, the City of Frankfurt and the region of Hessen. We have big plans and are working on a new, fresh start – not only for us, but also for all stakeholders in the fashion industry, nationally and internationally.

Another press conference is planned for the end of November, when we shall be introducing new concepts, partners and event formats. Preparations are already in full swing: we are having numerous discussions, sitting in workshops, activating partners, designers, publishers, politics and society so as to get a unique, fully formed event successfully up and running. Expectations are huge – and we intend to satisfy them. We are putting all our energy into this future-focussed project.

With the aim of being able to share our enthusiasm, we are planning a FFW Preview to present the new locations in Frankfurt am Main and the concepts to journalists, brands and retailers at the beginning of next year.

Until then, all we can say is this: stay curious. Stay optimistic. Because even though there won't be any events this coming January, the show does go on. True to form, that means there will be more business opportunities than ever before, along with innovative formats, events and conferences and a fully formed city concept that has never been imagined before.”

Source:

PREMIUM Exhibitions GmbH

Econnection (c) Penn Textile Solutions
29.10.2020

Penn Textile Solutions: Collaborative business model gives life to ECONNECTION

Penn Textile Solutions/Penn Italia - international company producing and developing innovative fabrics through warp and weft knitting technologies, Tessitura Colombo Antonio, famous for the processing of lace and ribbons dedicated to the world of corsetry, Elastici Besana specialized in the production of narrow elastic for corsetry and underwear, have been working together to expand the frontiers of sustainable manufacture practices and to offer an innovative collection, a new set of eco high tech innovations delivering a responsibility concept including also the end of life: ECONNECTION.

The responsible ECONNECTION collection, in which the words ECO and CONNECTION mixed to underline the importance of connect and come together for a sustainable project, features:

  • 7 advanced knitted stretch fabrics by Penn Textile Solutions/Penn Italia,
  • 3 precious laces by Tessitura Colombo Antonio
  • 3 functional bands by Elastici Besana

The project opened up the door to new generation of ingredients such as:

Penn Textile Solutions/Penn Italia - international company producing and developing innovative fabrics through warp and weft knitting technologies, Tessitura Colombo Antonio, famous for the processing of lace and ribbons dedicated to the world of corsetry, Elastici Besana specialized in the production of narrow elastic for corsetry and underwear, have been working together to expand the frontiers of sustainable manufacture practices and to offer an innovative collection, a new set of eco high tech innovations delivering a responsibility concept including also the end of life: ECONNECTION.

The responsible ECONNECTION collection, in which the words ECO and CONNECTION mixed to underline the importance of connect and come together for a sustainable project, features:

  • 7 advanced knitted stretch fabrics by Penn Textile Solutions/Penn Italia,
  • 3 precious laces by Tessitura Colombo Antonio
  • 3 functional bands by Elastici Besana

The project opened up the door to new generation of ingredients such as:

  • ROICA™ V550 made by leading fiber manufacturer Asahi Kasei, a premium sustainable stretch yarn that at the end of his life smartly breaks down without releasing harmful substances in the environment according to Hohenstein Environment Compatibility Certification and also boasting the Gold Level Material Health Certificate by Cradle-to-Cradle Product Innovation Institute** as it has been evaluated for impact on human and environmental health.
  • Amni Soul Eco®, the world’s first biodegradable in anaerobic conditions polyamide 6.6 yarn that degrades in around 5 years* after disposing in landfill, developed by SOLVAY and produced and distributed in Italy by FULGAR.

 

Oerlikon (c) Oerlikon
29.10.2020

Oerlikon: Less waste with the Smart Factory

A typical manmade fiber system produces well over 600 tons of yarn a day. This equals in around 700 winders in filament yarn production or 3 systems in staple fiber production. These figures show just how important smooth production processes are.

If an error creeps into the process at any point, the daily waste increases dramatically. It is obvious that all yarn manufacturers want to prevent this happening to ensure their production facilities operate efficiently. Here, digitalization provides invaluable support. A Smart Factory that networks all steps within the production chain – including all auxiliary processes – identifies and reports quality deviations at an early stage. Yarn manufacturers can quickly intervene in the production process and hence avoid generating waste.

A typical manmade fiber system produces well over 600 tons of yarn a day. This equals in around 700 winders in filament yarn production or 3 systems in staple fiber production. These figures show just how important smooth production processes are.

If an error creeps into the process at any point, the daily waste increases dramatically. It is obvious that all yarn manufacturers want to prevent this happening to ensure their production facilities operate efficiently. Here, digitalization provides invaluable support. A Smart Factory that networks all steps within the production chain – including all auxiliary processes – identifies and reports quality deviations at an early stage. Yarn manufacturers can quickly intervene in the production process and hence avoid generating waste.

Digital solutions ensures process reliability
And the Smart Factory is also the focus of Oerlikon Manmade Fibers. Here, it comprises considerably more than the Plant Operation Center, a system that has been well-established within the market for many years now. “This is about absolute transparency and traceability. At the end of the process, yarn manufacturers are able to track at which position its finished textured yarn packages were spun and even have information on the processed granulate and the specific production conditions”, comments Ivan Gallo, responsible for digital products at Oerlikon Manmade Fiber. In this way, the Smart Factory ensures process reliability, above all. The data are automatically entered into the system and the product assessed at each stage of yarn production at which values and data are recorded – such as during visual inspection and when weighing. In the event of anomalies in the intermediate laboratory and quality checks, this allows yarn producers to intervene in the production process and correct these anomalies.

Information on the chip feeding, on the drying and on the masterbatch are available, as are data on the climate control, on the compressed air supply and on further auxiliary systems. With this, yarn manufacturers have at all times a complete overview of the ongoing production process, including comprehensive information on quality and production costs.

Source:

Oerlikon

Rieter Investor Update 2020 (c) Rieter Management AG
Rieter Investor Update 2020
23.10.2020

Rieter Investor Update 2020

  • Significant recovery in order intake in third quarter 2020
  • Order intake of CHF 425.1 million after nine months
  • COVID crisis management in place
  • Continuous implementation of the strategy
  • Outlook 2020

The market recovery, which Rieter reported in June 2020, has continued. This is reflected in capacity utilization at spinning mills worldwide, which Rieter monitors. In April 2020, the proportion of producing spinning mills was around 40% while at the end of September 2020 this was around 90%. Against this backdrop, the Rieter Group increased order intake in the third quarter of 2020 to CHF 174.4 million (2nd quarter 2020: CHF 45.7 million). In the first nine months of 2020, the Rieter Group achieved a cumulative order intake of CHF 425.1 million (2019: CHF 524.5 million). Compared to the previous year period, this represents a decline of 19%.

Order Intake by Business Group

  • Significant recovery in order intake in third quarter 2020
  • Order intake of CHF 425.1 million after nine months
  • COVID crisis management in place
  • Continuous implementation of the strategy
  • Outlook 2020

The market recovery, which Rieter reported in June 2020, has continued. This is reflected in capacity utilization at spinning mills worldwide, which Rieter monitors. In April 2020, the proportion of producing spinning mills was around 40% while at the end of September 2020 this was around 90%. Against this backdrop, the Rieter Group increased order intake in the third quarter of 2020 to CHF 174.4 million (2nd quarter 2020: CHF 45.7 million). In the first nine months of 2020, the Rieter Group achieved a cumulative order intake of CHF 425.1 million (2019: CHF 524.5 million). Compared to the previous year period, this represents a decline of 19%.

Order Intake by Business Group

Due to the positive development in the third quarter of 2020, order intake at the Business Group Machines & Systems reached a total of CHF 234.5 million in the first nine months. The reason for the relatively small decline of 8% compared to the previous year is that the new machinery business was already characterized by investment restraint in the first three quarters of the year 2019. The Business Group Components recorded a reduction of 33% to CHF 116.6 million while the Business Group After Sales posted an order intake of CHF 74.0 million, a decrease of 23%. This illustrates the effects of low capacity utilization at the spinning mills, especially in the second quarter of 2020 as a result of the COVID-19 pandemic. The order backlog as of September 30, 2020, was around CHF 515 million (September 30, 2019: CHF 285 million). Cancellations were in the normal range of around 5%.

COVID Crisis Management in Place

Rieter has quickly implemented comprehensive COVID crisis management. Priority is being given to protecting employees, fulfilling customer commitments and ensuring liquidity. The necessary measures to protect employees have been implemented worldwide and the order backlog is being processed largely as planned. Rieter has introduced 40% short-time working in Switzerland and Germany for the second half of 2020. Similar measures were implemented worldwide within the scope of the available legal options. As of September 30, 2020, Rieter had liquid funds of CHF 216.7 million and unused credit lines in the mid three-digit million range in order to ensure liquidity. At the end of September 2020, net debt of CHF 1.2 million was disclosed.

Continuous Implementation of the Strategy

In recent years, Rieter has consistently implemented the strategy with the focus on innovation leadership, strengthening the business on the installed base and optimization of the costs. The company intends to forge ahead with the strategy in the coming months in order to strengthen the market position for the time after the COVID-19 pandemic. The Rieter CAMPUS is an important element of Rieter’s innovation strategy. Depending on the business situation, construction work is due to begin in the first half of 2021.

Outlook 2020

As already announced, in terms of sales and profitability Rieter expects a stronger second half of the year compared to the first half of 2020. Nevertheless, due to the deferral of deliveries by customers, Rieter will also conclude the second half of the year − and thus the full year 2020 − with a net loss. Due to the existing uncertainties, it continues to be difficult to forecast sales and profitability for the second half of 2020. For this reason, Rieter refrains from providing more specific information for the full year 2020.

More information:
Rieter Holding Ltd. Covid-19
Source:

Rieter Management AG

Moti Fabrics (Pvt) Ltd. Moves to Digital Production with Mimaki Tiger (c) Mimaki
The Tiger-1800B MkII, Mimaki’s flagship industrial volume textile printer
22.10.2020

Moti Fabrics (Pvt) Ltd. Moves to Digital Production with Mimaki Tiger

  •   Mimaki Tiger-1800B MkII Printers for Faster, High-Quality Textile Printing

Amsterdam - Mimaki Europe, a leading manufacturer of inkjet printers and cutting systems, announces today that Pakistani textile company, Moti Fabrics (Pvt) Ltd., is leveraging multiple Mimaki Tiger industrial textile printing units to take its business to the next level. As a result of on the outstanding performance and process optimisation delivered by the Mimaki digital printing equipment, the company has been able to adapt to changes in the textile industry and is now projected to reinforce its market position and expand its capabilities in high-quality textile production.

  •   Mimaki Tiger-1800B MkII Printers for Faster, High-Quality Textile Printing

Amsterdam - Mimaki Europe, a leading manufacturer of inkjet printers and cutting systems, announces today that Pakistani textile company, Moti Fabrics (Pvt) Ltd., is leveraging multiple Mimaki Tiger industrial textile printing units to take its business to the next level. As a result of on the outstanding performance and process optimisation delivered by the Mimaki digital printing equipment, the company has been able to adapt to changes in the textile industry and is now projected to reinforce its market position and expand its capabilities in high-quality textile production.

Headquartered in Faisalabad, Punjab province – the second largest textile hub in Pakistan –, Moti Fabrics (Pvt) Ltd. mainly serves the high fashion industry and uses its cutting-edge technology to print about 100,000 metres daily. Faced with recent challenges in the global textile market, management at Moti Fabrics (Pvt) Ltd. embarked on innovating the company’s business model, shifting from conventional to digital printing. In doing so, the company invested in Mimaki’s advanced industrial textile technology and installed three Mimaki Tiger-1800B MkII units. “We were – and still are – experiencing a massive transformation in the printing segment, with brands demanding high quality products delivered within short deadlines. This change in our customers’ requirements urged us to move to digital printing,” says Muhammad Asif, CEO at Moti Fabrics (Pvt) Ltd. “Our choice has already proved sound as our brand-new Tiger-1800B MkII printing systems have enabled us to cope with the high standards of the fashion industry in terms of both quality and delivery times. In addition, we have been able to gradually enhance our production processes in a cost-effective way.”

The Tiger-1800B MkII is Mimaki’s flagship industrial volume textile printer, available either in dye sublimation configuration for transfer printing or with reactive ink for direct-to-textile printing. Of the three Mimaki Tiger-1800B MkII solutions operating at Moti Fabrics (Pvt) Ltd., two are equipped with reactive inks, enabling the company to directly print onto natural fibres such as cotton and linen, as well as onto manufactured cellulose fibres, including rayon and nylon. The third Mimaki Tiger-1800B MkII features sublimation inks serves the ever-growing printed polyester market, allowing the company to strategically diversify its product portfolio.

“There are several features of the Tiger-1800B MkII that benefit our production and our business at large. The MAPS (Mimaki Advanced Pass System), just to name one, prevents banding and colour-shifting to deliver a higher standard of quality, while the NRS (Nozzle Recovery System) provides uninterrupted production, minimising downtime and ensuring superior results. The sticky belt system together with the large-size ink tanks (with a capacity of 10kg) and the high-performance software RIP TxLink3 are some of the other features that make these printers efficient, user-friendly and reliable,” says Asif.

Asif concludes, “Looking at the future, our aim is to set up a print department featuring only Mimaki’s technologies. We are already considering the next steps to make this possible, knowing that we can count on the support of Signtrade, Mimaki’s dealer in the region and our trustworthy partner.”

Moti Fabrics (Pvt) Ltd. was founded in 1992 by Muhammad Asif’s father Haji Muhammad Yousaf and his partner Haji Rasheed Ahmad. Established as a dyeing company, Moti Fabrics (Pvt) Ltd. was able to gradually diversify the business over the years to become an advanced textile printing specialist. Today, the company is an established provider to the high fashion industry in Pakistan and on an international level.

“The story of Moti Fabrics is incredibly inspiring. Belonging to a region with such rooted textile printing heritage, the company has been able to embrace a new, challenging business model in order to stay at pace with the changing demand from the textile industry and has succeeded,” comments Ronald van den Broek, General Sales Manager at Mimaki Europe. “Customers like Moti Fabrics make us proud as they demonstrate how our advanced Mimaki Tiger industrial textile series can be the enabling technology for those textile companies planning the shift from conventional to digital printing.”