From the Sector

• Exclusive market insights, best practices and inspirational thoughts, alongside previews of Kornit’s new dedicated polyester printing technology

Kornit Digital, (NASDAQ: KRNT), a global market leader in digital textile printing technology, invites all textile printers, garment decorators, Kornit users, prospective customers and anyone who is curious about the latest trends and technology in digital textile printing, to its “Kornit Discover” events.

Taking place April 3-4 in the New York Metropolitan area, April 11-12 in Duesseldorf, Germany and April 15-17 in Hong Kong, each event will feature educational workshops with real-world insights delivered by high-level guest speakers. Highlighting the North American event will be a keynote by Breakaway Sports owner Scott Goldstone, multiple case study presentations, and a panel discussion with editors of key publications serving the imprinted apparel industry. The European event will feature a keynote called “The Future of Retail” by futurist Kai Gondlach, a digital transformation review of the textile industry by Tansy Fall, editor-in-chief of Digital Textile 4.0 and an insightful chat with Kornit user Shirtracer, Nuremburg. The Asian instance will feature Ron Gilboa as main speaker and Kornit’s customer Paintory.

Omer Kulka, Kornit Digital’s Vice President of Marketing and Product Strategy, said: “There are still a lot of perceptions and opinions in the market about direct-to-garment printing and what its opportunities and limitations are. Printing on dark polyester is a prime example: there is an opinion in the market that digital printing and dark poly don’t go well together, and we just lifted this barrier. With Kornit Discover, we are creating an industry event that will challenge these established thinking patterns. In fact, we will transform the way visitors think and print!”

On the international stage of JEC World, composite innovation is everywhere! On the planets, on the live demo zones, on the stands, and also on stage... During this second day of the world's largest composites exhibition, the winners of the JEC Innovation Awards were announced.

JEC Innovation Awards celebrate the fruitful cooperation between players of the composite community. Over the past 15 years, the JEC Innovation Awards have brought in 1,800 companies worldwide. 177 companies and 433 partners have been rewarded for the excellence of their composite innovations. The JEC Innovation Awards reward composites champions, based on criteria such as partner involvement in the value chain, technicality or commercial applications of innovations.

The ceremony was opened by Bertrand Piccard, the founder and visionary behind Solar Impulse, the first zero-fuel aircraft with perpetual autonomy.

The jury then announced the ten composite innovation champions selected among 30 finalists, from more than a hundred entries, and the public awarded its prize.
"JEC Group supports innovation and has created the Composites Reference Prize to reward industry champions and promote their innovations. Every year, we receive more than a hundred applications from all over the world," explains Franck Glowacz, Composites Expert at JEC Group.

Download the PDF to see all winning companies.

FONG’S EUROPE, based in Schwäbisch Hall, Germany, will celebrate the 100th anniversary of its flagship THEN brand for advanced dyeing technology with a special reception for customers and agents at ITMA 2019 in Barcelona.

The company, which has been a member of the CHTC FONG’S group since 2004, has its origins in the German city of Chemnitz, where back in 1919 Rudolf Then founded a barrel-making business which soon branched out into piece dyeing machines.

The company’s reputation for innovation began early, with the introduction of ceramic linings for dye baths, which were then made of wood, in order to avoid staining and allow easy cleaning. At the end of the 1920s, Rudolf Then was also quick to recognise the acid-resistant advantages of stainless steel for dyeing vessels.

Relocating to West Germany after World War 2, Rudolf Then ran a number of businesses in Schwäbisch Hall, eventually founding THEN in 1955 with partner Karl Kurz, who later took over the business specialising in dye vats and other textile equipment.

Throughout the 1960s and 70s, the company continued to further improve its technologies, but it was the introduction of the first THEN AIRFLOW system at ITMA 1983 in Milan which significantly boosted the company’s fortunes, representing a milestone in the development of dyeing machines.

Prior to this, the dyeing of just one kilo of fabric required around 150 litres of water and THEN’s AIRFLOW system, invented by engineer Wilhelm Christ and colleagues, drastically reduced the requirement to between just 35-40 litres. Instead of the traditional dye liquor used for hydraulic fabric transport it efficiently distributed much smaller amounts of dye liquor via aerosol. This technology has subsequently been further developed in successive machine models and has made an enormous impact on sustainable dyeing operations.

Now, as FONG’S EUROPE, the company continues to innovate, and at ITMA 2019 is showcasing the THEN SMARTFLOW TSF hydraulic high temperature dyeing machine, designed to achieve the lowest possible energy and water consumption rates available on the market for jet dyeing.

The company has a number of patents pending on the innovative new features of this machine, including the SMARTFLOW’s fabric transport design. This is based on a smart, winchless fabric transport system which eliminates the need for a loading rope, and a circular plaiter with programmable rotation speeds which provides full filling of the drop zone.

Its newly-developed nozzles and reel-less transport, in combination with smart controlled circular plaiting and variable chamber adjustment, provide even fabric treatment without entanglements and the highest loading capacity with the lowest kier volume

“Further developments, including the new THEN AIRFLOW PLUS system with a round design are in the development pipeline and will once again result in further reductions in power consumption without sacrificing performance,” says FONG’s Europe Sales Director Richard Fander. “Similar innovations are being made to our hydraulic long shape machine, the THEN SUPRATEC LTM. The ability to transport fabrics with reduced tension and without the need for a transport winch which is being introduced on all of our recent machines will allow new fabrics to be created and further increase the efficiency of textile finishing.

Fong’s Europe will be at stand D101 in Hall 2 at ITMA 2019.

IPC, the Industrial Technical Centre with expertise dedicated to plastic and composite innovation, is presenting two prototypes on its stand: an intelligent motorcycle helmet and a multifunctional windturbine blade. "With these two prototypes, IPC demonstrates its ability to functionalize composites, particularly with printed electronic components. Live demos will be organized during the three days of the show on our booth," explains Bertrand Fillon, General Manager of Research at IPC. The helmet was manufactured in partnership with the technical and creative paper manufacturer Arjowiggins, and the wind turbine blade, with the CEA. These two demonstrators will also be exhibited in Germany at the LOPEC exhibition 2019 in Munich on 20-21 March.

IMPROVE THE USER EXPERIENCE
The objective is to add new features to improve the user experience, without impacting security. The motorcycle helmet is equipped with sensors and NFC communication functions. "Here, printed organic electronics are used in the helmet to allow remote temperature changes," adds Lionel Tenchine, Program Line Manager for "Technologies for Intelligent Products" at IPC. The helmet manufacturing process is based on the use of composites and the infusion process.

DETECTING POTENTIAL DAMAGE IN ADVANCE
Developing predictive maintenance is an important issue when it comes to avoiding sudden, serious accidents. A recent McKinsey study estimates that by 2025 it will save $630 billion for companies, for example. The wind turbine blade presented at JEC World detects potential damage that could occur on the blade structure beforehand, making it possible to carry out preventive repairs on the one-meter-long blade. Printed organic electronics are used in the demonstrator to integrate strain gauges and the temperature detection function.

JEC WORLD 2019 closed successfully on Thursday, March 14, after three intense days of innovation, networking and knowledge sharing. "With more than 112 participating countries and 27 national pavilions, JEC World – the place where the world of Composites meets – gathered the key players of the industry and their representatives, as illustrated by the premiere meeting of the global and European industry associations. On top of that, the show highlighted the dynamic ecosystems of composite materials in France, Turkey as well as in the Netherlands, thanks to the special visit in Paris and an active participation of their companies, officials and government bodies,” Adeline Larroque, Show director JEC World explains.
JEC World organizers created special tracks, displays and conference programs dedicated to the specific audience of Aerospace, Automotive and Construction sectors, for everyone to better understand the benefits offered by Composites in these applications.

• Christian Bruch and Stefan Fida proposed to serve as new members of the Supervisory Board
• Hanno Bästlein and Christoph Kollatz will resign from their positions on the Supervisory Board at the upcoming Annual General Meeting

Prior to the Annual General Meeting of the publicly traded company Lenzing AG scheduled for April 17, 2019, the Nomination Committee dealt with the future composition of the Supervisory Board. It has proposed that the Annual General Meeting appoint Christian Bruch to serve on the Supervisory Board. Mr. Bruch has been a member of the Executive Board of Linde AG since 2015 and a member of the Management Committee of Linde plc since 2019. The graduate in mechanical engineering will contribute his extensive experience in plant engineering and various technical and management positions in internationally operating industrial companies. The Viennese lawyer Stefan Fida has also been nominated as a future member of the Supervisory Board.

As previously announced, Hanno Bästlein will resign from his position on the Supervisory Board at the upcoming Annual General Meeting in order to be able to increasingly devote his attention to his own business activities. Christoph Kollatz will also step down from the Supervisory Board for professional reasons at the Annual General Meeting in April 2019.

“We would like to thank Hanno Bästlein and Christoph Kollatz for their dedicated work on the Supervisory Board of Lenzing AG. Thanks to their expertise, they made a major contribution to important strategic decisions in the company. During his four years as Chairman of the Supervisory Board, Hanno Bästlein decisively supported the strategy of the Lenzing Group and thus contributed to the enhanced resilience of the company based on the expansion with specialty fibers”, says Stefan Doboczky, Chief Executive Officer of Lenzing AG.

• Challenging market environment due to low prices for standard viscose, less favorable exchange rates and higher raw material and energy prices
• Very positive development of specialty fiber business with revenue share exceeding 45 percent
• Dividend proposal of EUR 3.00/share plus a special dividend of EUR 2.00/share
• Results for 2019 expected at about the level of 2018 despite a significantly more demanding market environment

The Lenzing Group’s business developed well in the 2018 financial year. A significantly more challenging market environment led to a decline in revenue as well as earnings compared with the record results of the previous year. This was primarily caused by lower selling prices for standard viscose, exchange rate effects as well as higher raw material and energy costs.

Group revenue declined by 3.7 percent compared with the previous year to EUR 2.18 bn. The predicted challenging market environment for standard viscose, plus less favorable exchange rates and a slight decline in sales volume were the key contributing factors. EBITDA (earnings before interest, tax, depreciation and amortization) was down by 24 percent to EUR 382 million due to price increases for key raw materials and higher energy and personnel costs. The EBITDA margin dropped from 22.2 percent in the 2017 financial year to 17.6 percent in the reporting year. EBIT (earnings before interest and tax) fell by 36 percent to EUR 237.6 mn, leading to a lower EBIT margin of 10.9 percent (2017: 16.4 percent). Net profit for the year after one-off effects dropped by 47.4 percent from EUR 281.7 mn in the previous year to EUR 148.2 mn. Earnings per share equaled EUR 5.61 (2017: EUR 10.47).

The Management Board and the Supervisory Board will propose a stable dividend of EUR 3.00 per share plus a special dividend of EUR 2.00 per share at the upcoming Annual General Meeting. In total, the paid dividend will amount to EUR 5.00 per share, corresponding to a dividend payment to shareholders of roughly EUR 133 mn.

JEC WORLD 2019 is turning Paris into the composites capital of the world.

As well as dozens of conferences, composites circles and live demos, plus hundreds of other events, the first day of the show was marked by the announcement of the three winners of the largest international startup competition in the composites field!

In the last three years, 270 projects have been picked out from over 30 countries, with 30 finalists and a total of nine winners.

THREE WINNERS
Ten finalists selected from 120 entries pitched to an international jury. The pitch session opened with an inspiring speech by Enrico Palermo, President of The Spaceship Company. He introduced the next generation of reusable space vehicles and their impact on costs, safety and the environment during the launch into space.
The programme incited enthusiasm from Peter Hopwood, founder of Hopwood Communications, who encouraged the finalists to develop their stage presence and galvanise their pitches.

At the afternoon’s award ceremony, three competitors were selected for the following prizes:

AIRGO DESIGN (Singapore)
World's first full composite economy class passenger seat developer.
www.airgodesign.com

AREVO (USA)
Delivering the future of composite manufacturing today through breakthrough advancements in software, materials, and robotics. Through enabling the 3D printing of large, mass-produced parts and structures, AREVO is revolutionizing mainstream manufacturing and the global supply chain.
www.arevo.com

WOODOO (France)
Augmented wood.
https://woodoo.fr

The public vote: LAVOISIER COMPOSITES (France)
New generation of material entirely sourced from the French aerospace transformation sector.
www.lavoisier-composites.com

The EU-funded Project, in which Devan Chemicals is a key partner, held a kick off meeting end of February 2019 at the EU Commission in Brussels, Belgium. The project consortium, led by Belgian R&D centre CENTEXBEL, consists of 17 European partners from across the value chain including design, manufacturing, NGOs, and research and innovation.

The focus of the consortium is on coated and painted textiles and plastic materials which are currently not recyclable. Ambitious plastic recycling targets of 50% have been set by the European Plastics Industry, and to meet these targets, smart solutions to enable the circular use of textile and plastic parts with multi-layer coatings must be considered.

DECOAT has therefore been established to investigate triggerable smart polymer material systems and appropriate recycling processes. The solutions will be based on smart additives (like microcapsules or microwave triggered additives) that will enable the efficient of coatings and other finishes, activated by a specific trigger (heat, humidity, microwave, chemical) to permit recycling.        

Devan’s specific role is in the development of microcapsules that will release its active core on application of a certain trigger (e.g. heat) at the end of life of the article. This active core material may be something that, for example, will promote the detachment of different coating layers (by separating them), opening the possibility for recyclability/re-use of the base materials. Different active core ingredients will be evaluated, and Devan will develop processes for each type of core ingredient and for each type of coating layer/matrix.

The bold aim of the four-year project is to decrease landfill by 75% of coated articles that are presently difficult to recycle, such as clothing, electronic goods and automotive components. A reduction in the carbon footprint by at least 30% for the considered products is aimed for. By enabling the recycling of such materials, DECOAT is expected to generate in the medium term a new market valued at over 150 million Euros in Europe.

• Basic dividend to remain constant at EUR 3.00 per share
• Special dividend of EUR 2.00 proposed once again

The Management Board of Lenzing AG, market leader in the production of specialty fibers made from the renewable raw material wood, has resolved to propose to the Annual General Meeting that the following dividend be distributed to shareholders for the 2018 financial year: a basic dividend of EUR 3.00 per share and a special dividend of EUR 2.00 per share.

This dividend proposal reflects the good implementation of the corporate strategy sCore TEN and the company’s strong balance sheet. Performance indicators and the outlook of Lenzing AG for the current financial year will be published on March 14, 2019.

The total dividend payout to shareholders will amount to about EUR 133 mn, subject to the acceptance of the proposal by the Supervisory Board at its meeting scheduled for March 13, 2019 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 17, 2019.