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12.05.2021

NCTO: “Make PPE in America Act” passes

U.S. Senators Rob Portman (R-OH) and Gary Peters (D-MI), Ranking Member and Chairman of the Senate Homeland Security and Governmental Affairs Committee, applauded the Senate Homeland Security and Governmental Affairs Committee for passing their bipartisan legislation that will strengthen efforts to onshore production of personal protective equipment (PPE) in the United States by requiring federal agencies to issue long-term contracts for American-made PPE. Reshoring production will ensure American workers, health care professionals, and more have the PPE they need as the economy continues to reopen. Domestic production of PPE supplies also will create American manufacturing jobs and ensure that America is better prepared for the next pandemic.

U.S. Senators Rob Portman (R-OH) and Gary Peters (D-MI), Ranking Member and Chairman of the Senate Homeland Security and Governmental Affairs Committee, applauded the Senate Homeland Security and Governmental Affairs Committee for passing their bipartisan legislation that will strengthen efforts to onshore production of personal protective equipment (PPE) in the United States by requiring federal agencies to issue long-term contracts for American-made PPE. Reshoring production will ensure American workers, health care professionals, and more have the PPE they need as the economy continues to reopen. Domestic production of PPE supplies also will create American manufacturing jobs and ensure that America is better prepared for the next pandemic.

Source:

NCTO / Senate Homeland Security & Governmental Affairs Committee

06.05.2021

SEEK, PREMIUM and FASHIONTECH cancelled – moved to January 2022

“The consequences of the ongoing pandemic spread of the coronavirus continue to govern our personal and professional lives. It is with a heavy heart that we must cancel the physical events in July, since these are not allowed to take place given the current legal constraints. Due to the lack of certainty for planning and new monthly evaluation we need to fulfil our obligations as event organiser and avoid unforeseeable risks for partners and clients.” Anita Tillmann, Managing Partner of the PREMIUM GROUP

A lack of permissions, adjustments to official measures at short notice, travel restrictions within Europe and overseas, potential quarantine obligations, short-term work in many companies – overall, a volatile situation makes it impossible to press ahead with the necessary planning in a responsible, risk-free way, especially for the exhibitors and partners.

Because of this, the organizers are now forced to cancel SEEK, PREMIUM and FASHIONTECH events in July 2021 and move them to January 2022 instead. Safeguarding the health and safety of exhibitors, guests, partners and employees always takes top priority.

“The consequences of the ongoing pandemic spread of the coronavirus continue to govern our personal and professional lives. It is with a heavy heart that we must cancel the physical events in July, since these are not allowed to take place given the current legal constraints. Due to the lack of certainty for planning and new monthly evaluation we need to fulfil our obligations as event organiser and avoid unforeseeable risks for partners and clients.” Anita Tillmann, Managing Partner of the PREMIUM GROUP

A lack of permissions, adjustments to official measures at short notice, travel restrictions within Europe and overseas, potential quarantine obligations, short-term work in many companies – overall, a volatile situation makes it impossible to press ahead with the necessary planning in a responsible, risk-free way, especially for the exhibitors and partners.

Because of this, the organizers are now forced to cancel SEEK, PREMIUM and FASHIONTECH events in July 2021 and move them to January 2022 instead. Safeguarding the health and safety of exhibitors, guests, partners and employees always takes top priority.

SEEK and PREMIUM are live events and therefore spaces for engaging with others face-to-face. They are a vital meeting point for the whole industry that can only be augmented by our digital offerings. Under the current unpredictable conditions the usual levels of service cannot be guaranteed for clients and visitors.

July will see the start of Frankfurt Fashion Week (FFW) digital. Frankfurt Fashion Week Studio is the core element of the FFW opening season and encompasses the whole FFW ecosystem – with its key themes of Fashion Business, sustainability and digitisation – in the form of a digital portal.

FFW Studio is a progressively curated and staged platform that brings together all German fashion trade shows, conferences, fashion experiences and events under one roof for the first time. First as a digital venue, then as a hybrid one. For pioneers, brands, experiences, entertainment and networking.

“Over the past year we have felt a great sense of solidarity. The industry has given us enormous encouragement and the assurance that we are not only missed but needed. So we want to say thank you from the bottom of our hearts! We can't wait to get together in a few short months’ time to present concepts and projects, meet up face-to-face, and shape the future together. Now more than ever!” Anita Tillmann, Managing Partner of the PREMIUM GROUP   

More information:
SEEK, Fashion Week PREMIUM
Source:

PREMIUM GROUP

06.05.2021

PERFORMANCE DAYS Fair with Topic: Still Physical – Your Success Story of 2020

Contact restrictions, home office and altered daily lives – our lives in 2020 were radically changed. This was also the case for various sectors of the economy, including the textile and clothing industry. However, with crisis come opportunities and stimuli for change. Under the motto “Still Physical”, manufacturers recount their personal success stories in 2020 – the industry can look forward to a selection of sustainable materials curated exclusively by the PERFORMANCE FORUM Jury. Areas of focus: natural fibers that highlight wellbeing aspects, plant-based materials that make us strong and excite on an emotional level, bio-nylons and bio-based finishings that rethink function. “Still Physical – Your Success Story of 2020” will be on display online as the first of its kind within a trade fair week from 17 to 21 May 2020.

Contact restrictions, home office and altered daily lives – our lives in 2020 were radically changed. This was also the case for various sectors of the economy, including the textile and clothing industry. However, with crisis come opportunities and stimuli for change. Under the motto “Still Physical”, manufacturers recount their personal success stories in 2020 – the industry can look forward to a selection of sustainable materials curated exclusively by the PERFORMANCE FORUM Jury. Areas of focus: natural fibers that highlight wellbeing aspects, plant-based materials that make us strong and excite on an emotional level, bio-nylons and bio-based finishings that rethink function. “Still Physical – Your Success Story of 2020” will be on display online as the first of its kind within a trade fair week from 17 to 21 May 2020.

Transformation: Technology first?
The pandemic has forced us into new, primarily digital forms of living and working. Our daily lives are characterised by home offices, home schooling and online meetings. The desire for real, physically perceptible experiences has grown incessantly within the last year. In the same context, people nowadays are strongly driven by technological progress – yet how far can we allow technological change to go and how do we wish to live in the future? Long before the pandemic, the trend towards self-monitoring and control of important bodily functions developed. The sports industry developed tools to measure levels of performance and monitor bodily functions with the goal of enhancing performance. Self-optimisation, body shaping and health promotion have become standard nowadays. Staying healthy and keeping fit are now social imperatives in our performance-oriented society. The pandemic has made us rethink, made us pause – with sustainable function still in focus, yet function needs to be rethought for the future, distancing ourselves from mere performance enhancement, and embracing clothing that facilitates people in feeling good.

Touch & Feel
In a visual, digital world, one sense has been forgotten: the sense of touch. Materials trigger completely different reactions, consciously or unconsciously. Moreover, the surface texture is also decisive in the functionality of a fabric, lending it its unique characteristics. In times of contact restrictions and lockdown, there is a need for a space for emotions, for regeneration and physical wellbeing. This is also reflected in the desire for appropriate apparel that leaves a pleasant sensation on the skin. Lightweight, warm and of a softer nature, plant-based fibers fulfil the desire for comfort and promote wellbeing.

We are physical – we are nature
How will we shape and adapt the post-pandemic textile and apparel industry? The Corona crisis once again reminds us of our existential bond with the natural world. While humanity fights against the spread of a deadly virus with social isolation, one thing is doing well: our planet. It is recovering from all the exhaust gases that are released into the air daily by cars and factories. There is a shift in focus towards taking time out in nature, whether in the form of a morning run, a mountain hike or a yoga session on the grass.

Your success story of 2020
What has touched them? Which experiences have shaped their latest innovations? Does the crisis also present opportunities? The chance for something new, for a rethink, on an even more sustainable, more ecological path? Which highlights, which stories are worth communicating and where did the focus lie in 2020? Various material manufacturers already started to focus on sustainability and the cautious use of resources some time ago. Innovations in the areas of materials and in processing methods are the driving forces of the development towards more sustainability. However, we need to realign all processes and structures in our supply and production chains and adapt them to the needs of a resource-conserving, responsible industry. A pioneering example of such alignment was the decision of PERFORMANCE DAYS to only present sustainable materials at the PERFORMANCE FORUM from the November 2019 trade fair event onwards. Additionally, the setting-up of the new digital sourcing platform “THE LOOP” shows how technology can be implemented aside from material and processing innovations in such a way that our procedures and structures can be adapted to difficult conditions.

Informative & up-to-date: the digital trade fair week from 17 to 21 May 2021
As usual, the highlighted fabrics from the Focus Topic “Still Physical”, which the exhibitors have defined as their personal success stories, will be available shortly on the PERFORMANCE DAYS website highlighting all details and facets.

05.05.2021

EURATEX comments on revised EU Industry Strategy

  • European Apparel and Textile Confederation EURATEX welcomes revamped EU Industry Strategy, but calls for consistency across EU policies

Europe’s industry is going through turbulent times as a result of the corona-pandemic; turnover in textiles and clothing sector dropped between 10 and 20%. However, even bigger challenges lie ahead: serious disruptions in supply chains, soaring energy prices and protective tendencies are threatening the competitiveness of our industry.

Against that background, the revised EU Industry Strategy – launched on May, 5 - is addressing very relevant issues, and underlines the need to think carefully about Europe’s industrial base. EURATEX welcomes the initiative, including the focus on 14 “eco-systems” and the proposal to develop privileged partnerships with trusted partners.

  • European Apparel and Textile Confederation EURATEX welcomes revamped EU Industry Strategy, but calls for consistency across EU policies

Europe’s industry is going through turbulent times as a result of the corona-pandemic; turnover in textiles and clothing sector dropped between 10 and 20%. However, even bigger challenges lie ahead: serious disruptions in supply chains, soaring energy prices and protective tendencies are threatening the competitiveness of our industry.

Against that background, the revised EU Industry Strategy – launched on May, 5 - is addressing very relevant issues, and underlines the need to think carefully about Europe’s industrial base. EURATEX welcomes the initiative, including the focus on 14 “eco-systems” and the proposal to develop privileged partnerships with trusted partners.

At the same time, EURATEX calls for more consistency by the EU across its different policy areas. Director General Dirk Vantyghem commented: “We welcome the recognition that we need a strong industrial base in Europe, but at the same time are struggling to maintain that base, as our companies face significant challenges related to over-regulation and raising energy and supply costs. It feels like one hand offering you help, while the other hand squeezes you tight”.

Looking at the global perspective, EURATEX is not calling to close the European borders; our industrial model relies on accessing global markets. But clearly, there is a need to establish global rules to ensure fair competition, and make sure these rules are properly implemented and controlled. Also today’s proposal to address distortions caused by foreign subsidies in the Single Market, should be welcomed in this context.

Dirk Vantyghem concluded: “European textiles and clothing industry went through turbulent times. Today, as part of this new EU Industry Strategy, we have an opportunity to build a new business model, based on innovation, quality, sustainability and fairness. We look forward to develop that new EU Textile strategy with all stakeholders involved.”

 

More information:
Euratex
Source:

EURATEX

05.05.2021

Lenzing Group with an excellent start into 2021

Lenzing – The Lenzing Group had a clearly positive revenue and earnings development in the first quarter of 2021. Growing optimism in the textile and apparel industry as a result of the vaccination progress and the continuing recovery in retail led to a significant increase in demand and higher prices in the global fiber market.

•    Significant increase in operating result: EBITDA at EUR 94.5 mn, cash flow from operating activities more than tripled
•    Major strategic projects continue fully on track – production start of the lyocell plant in Thailand expected in the fourth quarter 2021
•    Upper Austria’s largest photovoltaic plant at the Lenzing site
•    Lenzing exits Hygiene Austria joint venture
•    Guidance 2021: Lenzing expects operating result at least at pre-crisis level

Please read the attached document for more information.

Lenzing – The Lenzing Group had a clearly positive revenue and earnings development in the first quarter of 2021. Growing optimism in the textile and apparel industry as a result of the vaccination progress and the continuing recovery in retail led to a significant increase in demand and higher prices in the global fiber market.

•    Significant increase in operating result: EBITDA at EUR 94.5 mn, cash flow from operating activities more than tripled
•    Major strategic projects continue fully on track – production start of the lyocell plant in Thailand expected in the fourth quarter 2021
•    Upper Austria’s largest photovoltaic plant at the Lenzing site
•    Lenzing exits Hygiene Austria joint venture
•    Guidance 2021: Lenzing expects operating result at least at pre-crisis level

Please read the attached document for more information.

Source:

Lenzing Aktiengesellschaft

ITA
04.05.2021

2021 Aachen Reinforced! Symposium free of charge for all attendees

Institut für Textiltechnik of RWTH Aachen University has changed the format of the 2021 Aachen Reinforced! Symposium to an online only format. The programme was shortened to suit the new format, with presentations taking place on Monday 10th May and Tuesday 11th May.

Institut für Textiltechnik of RWTH Aachen University has changed the format of the 2021 Aachen Reinforced! Symposium to an online only format. The programme was shortened to suit the new format, with presentations taking place on Monday 10th May and Tuesday 11th May.

The conference program for Monday, 10th May:
The programme will begin with exciting presentations on glass chemistry and fibres. A talk by Dr Anne Berthereau (Owens Corning Composites) on the race for always higher modulus glass fibres will be followed by a talk from Dr Hong Li (Nippon Electric Glass) on the potential of new high-strength and high-modulus glass fibres.
After two further presentations on high modulus and bioactive glass fibres from Muawia Dafir and Julia Eichhorn (TU Bergakademie Freiberg), we will learn about furnace efficiency as well as process monitoring and digitalisation in glass fibre production from René Meulemann (CelSian), Hans Gedon (Gedonsoft) and Julius Golovatchev (Incotelogy) respectively.
A presentation by Felix Quintero Martínez (Universidade de Vigo) will explore a novel method to produce ultra-flexible glass nanofibers.
The afternoon will continue with two presentations by Dr Christina Scheffler (Leibniz-Institut für Polymerforschung Dresden e.V. (IPF)) and Professor James Thomason (University of Strathclyde) in the field of glass fibre sizings and fibre-matrix interfaces. Finally, a closing presentation by Steve Bassetti (Michelman) will conclude the first day of the Symposium.

The entire conference programme is available on the website https://aachen-fibres.com/aachen-reinforced/general-information.
To register for the Symposium, use the following link: https://aachen-fibres.com/aachen-reinforced/registration

29.04.2021

NCTO: Kim Glas testifies on Supply Chain Resiliency

National Council of Textile Organizations (NCTO) President and CEO Kim Glas is testifying on “Supply Chain Resiliency and the Role of Small Manufacturers” before the Small Business Committee’s Subcommittee on Economic Growth, Tax, and Capital Access.
 
In written testimony submitted to the committee, Glas provides an overview of the incredible resiliency of the U.S. textile industry during the COVID-19 pandemic, the impact of the ensuing economic crisis, existing options available to small manufacturers to access capital, and policy recommendations to strengthen the entire industry domestic supply chain.

National Council of Textile Organizations (NCTO) President and CEO Kim Glas is testifying on “Supply Chain Resiliency and the Role of Small Manufacturers” before the Small Business Committee’s Subcommittee on Economic Growth, Tax, and Capital Access.
 
In written testimony submitted to the committee, Glas provides an overview of the incredible resiliency of the U.S. textile industry during the COVID-19 pandemic, the impact of the ensuing economic crisis, existing options available to small manufacturers to access capital, and policy recommendations to strengthen the entire industry domestic supply chain.

“One silver lining associated with the immense challenges posed by the COVID-19 crisis is that it afforded the domestic textile industry an opportunity to demonstrate its enormous resiliency, flexibility, and overall value to the U.S. economy,” Glas says in the testimony. “Despite the fact that there was virtually no [full] U.S. production of textile-based PPE prior to the pandemic, the heroic actions of domestic textile manufacturers resulted in the ability to supply homegrown PPE at the height of the greatest healthcare emergency our country has faced in the past 100 years.”

“As we exit the current crisis, rational federal policies are once again needed to ensure a stable overall environment where small businesses can compete and thrive, and targeted initiatives are required to ensure that domestic supply chains for critical materials, such as PPE, exist in the United States,” Glas notes.

Glas details five key policy recommendations supported by 20 trade associations and labor groups, representing the entire domestic supply chain aimed at strengthening the integrated U.S. textile sector:

  • Strengthen Buy American procurement rules
  • Provide funding assistance for companies to reconstitute domestic supply chains important to U.S. national and healthcare security
  • Key contracting reforms
  • Streamline the SBA loan application process
  • Provide additional funding for workforce training

Please view the full written testimony by NCTO President and CEO Kim Glas here.

22.04.2021

Sanitized® T 99-19: 99.84 % protection against SARS CoV-2 on textiles

The antimicrobial protection of Sanitized® T 99-19 against the SARS-CoV-2 virus has been confirmed by independent labs in France (basis: ISO 18184:2019).

Textile and polymer products with Sanitized® antimicrobial treatment have been used in hygiene-sensitive areas for many years. For textiles, Sanitized® T 99-19 is a patented technology based on a silane-ammonia compound, a globally proven product. Its hygiene function is used in workwear and protective clothing for nursing staff, bed linen or mattresses in hotels, nursing care facilities and hospitals. Polyester goods for precisely these areas of application can now not only be antimicrobial, but also reliably protective against SARS CoV-2.

The antiviral efficacy (99.84 %) of the Sanitized® T 99-19 product has been officially confirmed by tests conducted by external labs.

The antimicrobial protection of Sanitized® T 99-19 against the SARS-CoV-2 virus has been confirmed by independent labs in France (basis: ISO 18184:2019).

Textile and polymer products with Sanitized® antimicrobial treatment have been used in hygiene-sensitive areas for many years. For textiles, Sanitized® T 99-19 is a patented technology based on a silane-ammonia compound, a globally proven product. Its hygiene function is used in workwear and protective clothing for nursing staff, bed linen or mattresses in hotels, nursing care facilities and hospitals. Polyester goods for precisely these areas of application can now not only be antimicrobial, but also reliably protective against SARS CoV-2.

The antiviral efficacy (99.84 %) of the Sanitized® T 99-19 product has been officially confirmed by tests conducted by external labs.

Tests on end products, which were additionally carried out by textile manufacturers, also prove the effectiveness of Sanitized® T 99-19 against SARS CoV-2. License partners praise this confidence-building benefit of the end products. SANITIZED license partners receive concrete support in terms of marketing and legal aspects (health claims).

Avoid legal pitfalls when claiming antiviral protection
Advice and support for customers in achieving optimal hygiene protection for their products are an integral part of SANITIZED services. A claim guide has therefore been developed especially for products that protect against COVID-19.
https://www.sanitized.com/de/protection-against-covid-19-which-antiviral-advertising-claimsare-legal-sanitized-explains/

Source:

SANITIZED AG

AFFIX Labs/Franz Kiel GmbH: Anti-microbial coating for transportation industry (c) AFFIX Labs
22.04.2021

AFFIX Labs/Franz Kiel GmbH: Anti-microbial coating for transportation industry

AFFIX Labs’ durable semi-permanent surface coating Si-Quat, that is proven to kill 99.9% of bacteria and viruses, including SARS-COV-2, will be helping to make public transport safer as people around the world begin getting back onto buses and trains.

Si-Quat helps to prevent cross contamination with a durable layer of polymerized active ingredient that binds to walls, handles, furniture, and other key touch points, staying in place for up to 12 months and killing 99.9% of viruses and bacteria that come into contact with the treated surface. The coating has been tested and certified to be effective against bacteria, viruses, and fungi, and has passed the rigorous EN45545-2 HL3 flammability norm for trains and REG118.3 for busses.

Kiel has been manufacturing seating for public transport globally for more than 75 years and will be offering Si-Quat to clients as a new solution to protect travellers on their transport networks. With Si-Quat already registered on several continents a quick roll out is truly achievable.

AFFIX Labs’ durable semi-permanent surface coating Si-Quat, that is proven to kill 99.9% of bacteria and viruses, including SARS-COV-2, will be helping to make public transport safer as people around the world begin getting back onto buses and trains.

Si-Quat helps to prevent cross contamination with a durable layer of polymerized active ingredient that binds to walls, handles, furniture, and other key touch points, staying in place for up to 12 months and killing 99.9% of viruses and bacteria that come into contact with the treated surface. The coating has been tested and certified to be effective against bacteria, viruses, and fungi, and has passed the rigorous EN45545-2 HL3 flammability norm for trains and REG118.3 for busses.

Kiel has been manufacturing seating for public transport globally for more than 75 years and will be offering Si-Quat to clients as a new solution to protect travellers on their transport networks. With Si-Quat already registered on several continents a quick roll out is truly achievable.

Source:

EMG

21.04.2021

Lenzing: Outlook for current financial year raised

The Lenzing Group got off to a better-than-expected start to the financial year 2021, with preliminary EBITDA (earnings before interest, tax, depreciation and amortization) rising by 36.8 percent year-on-year to EUR 94.5 mn in the first quarter of 2021.

Despite the continuing high degree of volatility in the textile sector due to the COVID-19 pandemic, the Managing Board of the Lenzing Group raises its guidance for the 2021 financial year: The Lenzing Group expects the operating result to be at least at the level of the pre-crisis year 2019.

The results of the Lenzing Group for the 1st quarter of the current financial year will be published on Wednesday, May 05, 2021.

The Lenzing Group got off to a better-than-expected start to the financial year 2021, with preliminary EBITDA (earnings before interest, tax, depreciation and amortization) rising by 36.8 percent year-on-year to EUR 94.5 mn in the first quarter of 2021.

Despite the continuing high degree of volatility in the textile sector due to the COVID-19 pandemic, the Managing Board of the Lenzing Group raises its guidance for the 2021 financial year: The Lenzing Group expects the operating result to be at least at the level of the pre-crisis year 2019.

The results of the Lenzing Group for the 1st quarter of the current financial year will be published on Wednesday, May 05, 2021.

More information:
Lenzing AG Lenzing Group
Source:

Lenzing AG

Bunzl Distribution brings American antiviral technology to Mexico retailers
19.04.2021

Bunzl Distribution brings American antiviral technology to Mexico retailers

US-made Acteev Protect™ masks have embedded zinc ion technology which deactivates many viruses and eliminates bacteria

Bunzl Distribution, a leading supplier of packaging, disposable supplies, and cleaning and safety products, has signed on as the distributor in Mexico for Acteev Protect™ masks, made in the United States by polyamide manufacturer Ascend Performance Materials. A global distributor, Bunzl provides supplies to supermarkets, food processing plants, retailers and convenience stores in Mexico.

Bunzl will distribute the Acteev Protect Nonwoven Mask, a reusable general purpose mask that features powerful antiviral and antibacterial properties. Acteev technology embeds active zinc ions in a polymer matrix which destroys microbes, deactivates many viruses and eliminates bacteria and fungi.

US-made Acteev Protect™ masks have embedded zinc ion technology which deactivates many viruses and eliminates bacteria

Bunzl Distribution, a leading supplier of packaging, disposable supplies, and cleaning and safety products, has signed on as the distributor in Mexico for Acteev Protect™ masks, made in the United States by polyamide manufacturer Ascend Performance Materials. A global distributor, Bunzl provides supplies to supermarkets, food processing plants, retailers and convenience stores in Mexico.

Bunzl will distribute the Acteev Protect Nonwoven Mask, a reusable general purpose mask that features powerful antiviral and antibacterial properties. Acteev technology embeds active zinc ions in a polymer matrix which destroys microbes, deactivates many viruses and eliminates bacteria and fungi.

Recent testing on Acteev fabric completed at the University of Cambridge has demonstrated that Acteev technology deactivates the virus that causes COVID-19, SARS-CoV-2, with greater than 99.9% efficacy. Ascend has submitted several masks designs to the U.S. Environmental Protection Agency and the U.S. Food and Drug Administration to obtain the appropriate regulatory clearances to make specific claims regarding the technology’s antiviral properties in the United States.

Carlos Green, Director General of Bunzl de México, says the company is pleased to bring products featuring better safety and protection to the Mexico market. “Our customers are more focused than ever before on doing business safely, and Acteev masks offer an added level of protection in the workplace,” he said. “We’re excited to offer our customers this premium product that provides some of the best protection available.”

In addition to antiviral, antifungal and antibacterial protection, the washable, reusable masks are lightweight, breathable and odor-fighting, making them comfortable to wear during a long shift at work or for outdoor workout. “Workers in industrial settings, such as chemical and food processing plants, and convenience stores and other retail outlets deserve the right protection as they keep society and the economy moving in Mexico,” said Juan Toro, Ascend’s principal business development leader for Acteev in the Americas.

“We are proud to partner with Bunzl to help deliver a reusable mask that provides both antiviral properties as well as an opportunity reduce the number of masks consumed, saving the companies money.”
Acteev Protect shows promise for use beyond masks, according to Ascend. The technology was originally developed for workout wear, and now the company is working textile applications ranging from gloves to scrubs to high-end athleisure.

AMAC kooperiert mit ITA (Institut für Textiltechnik der RWTH Aachen und deren ITA GmbH) für die weitere Geschäftsentwicklung im Bereich Composites  © AMAC
fltr: Markus Beckmann, Prof. Thomas Gries, Dr. Michael Effing, Dr. Christoph Greb
19.04.2021

AMAC cooperates with ITA

AMAC cooperates with ITA (Institute for Textile Technology of RWTH Aachen University and their ITA GmbH) for the business development in composites 

As of April 19th, 2021, AMAC is pleased to announce its cooperation with the Institute for Textile Technology, ITA, of RWTH Aachen University and their ITA GmbH. The aim of the cooperation is to strengthen and develop their business activities in composites.

AMAC cooperates with ITA (Institute for Textile Technology of RWTH Aachen University and their ITA GmbH) for the business development in composites 

As of April 19th, 2021, AMAC is pleased to announce its cooperation with the Institute for Textile Technology, ITA, of RWTH Aachen University and their ITA GmbH. The aim of the cooperation is to strengthen and develop their business activities in composites.

ITA, as one of the largest institutes on the campus of the excellence University RWTH Aachen, Germany, develops complete solutions from the manufacturing of the fiber itself over the processing of textile intermediates with thermoplastic and thermoset resins, textile-based part manufacturing, capabilities such as braiding, pultrusion and in-situ impregnation of textile preforms. Top 3 focused industries are transportation and particularly the e-mobility sector, building and construction as well as the wind energy sector. Additionally, ITA GmbH is the partner of the industry in R&D, focusing on 8 business segments, providing technology and knowledge transfer, as well as offering comprehensive solutions along the entire textile value chain.

Prof. Dr. Thomas Gries, Director of ITA, explains the background of the strategic cooperation with focus on composites: „Our long-term experience and unmatched know-how with all aspects of continuous fibers, non-wovens and web-based reinforcements allows us to deliver to the composite manufacturers a complete technology and service offer around the development of technical textiles, from the development of glass and carbon fibers to the textile-based processing of composite parts. In all process steps of our research and developments, we focus on sustainable and recyclable solutions, an efficient cost-performance ratio, the possible use of bio-based materials and the reduction of the CO2 footprint. We are glad to cooperate with Dr. Michael Effing and AMAC in order to benefit from his door-opening network in the composites industry. “

Dr. Michael Effing, Managing Director of AMAC GmbH: „I am very happy to support the ITA to generate innovation thanks to further industrial networking and pre-competitive joint projects. ITA is indeed a one-stop source for composite solutions from the fiber to the cost-efficient manufacturing of final parts. In the context of the Covid-19 impact to the entire industry, it makes sense to bundle forces. Furthermore, ITA, with its long tradition and satisfied customers offers further valuable networking opportunities to the composites industry as well as access to relevant complementary fiber-based excellence and 250 different technologies in their machine-park with an outstanding infrastructure in Aachen.”

14.04.2021

PCMC adds virus-killing wet wipes machines to nonwovens lineup

Paper Converting Machine Company (PCMC) has announced its industry-leading wet wipes folding machines the Rx200 and Mako Clipper are now available with high-content alcohol, measuring as much as 70 percent.

Previously, PCMC wet wipes machines operated with less than 20 percent alcohol, producing disinfectant wipes for personal, home, industrial and automotive use. However, the COVID-19 pandemic has created a spike in demand for sanitizing wipes that contain at least 70 percent alcohol, the key component in killing or deactivating viruses.

To help manufacturers meet the increased demand, PCMC redesigned its Rx200 and Mako Clipper to safely operate with high-content alcohol. The new designs feature increased air exchange for better ventilation and additional sensors to eliminate the risk of flash points and fires. The machines also include IDS 150/300 integrated dual stackers and a redesigned Mako saw to meet more stringent regulations and higher machine performance expectations.

Paper Converting Machine Company (PCMC) has announced its industry-leading wet wipes folding machines the Rx200 and Mako Clipper are now available with high-content alcohol, measuring as much as 70 percent.

Previously, PCMC wet wipes machines operated with less than 20 percent alcohol, producing disinfectant wipes for personal, home, industrial and automotive use. However, the COVID-19 pandemic has created a spike in demand for sanitizing wipes that contain at least 70 percent alcohol, the key component in killing or deactivating viruses.

To help manufacturers meet the increased demand, PCMC redesigned its Rx200 and Mako Clipper to safely operate with high-content alcohol. The new designs feature increased air exchange for better ventilation and additional sensors to eliminate the risk of flash points and fires. The machines also include IDS 150/300 integrated dual stackers and a redesigned Mako saw to meet more stringent regulations and higher machine performance expectations.

Source:

Barry-Wehmiller

Mimaki: 100 Percent Success in a Post Pandemic World (c) Mimaki
Mimaki UJV100-160
08.04.2021

Mimaki: 100 Percent Success in a Post Pandemic World

After a turbulent year, it seems strange to be thinking about ‘after the pandemic’, but with millions of vaccinations underway, the light at the end of the tunnel is visible. As we turn the corner, choosing technology partners that understand how to proactively respond to changing market needs and support the evolving requirements of print businesses and end customers will be vital. The printers in Mimaki’s ‘100 series’ portfolio, which consists of the high quality, high productivity entry level roll-to-roll inkjet printers the UJV100-160 UV and the JV100-160 solvent, and the high performance textile printer, the TS100-1600, are a perfect reflection of the way technology requirements are adapting in line with the industry as we look to the future. To demonstrate this, we have identified three post-pandemic technology touchpoints that will help print businesses target success amid uncertainty.

After a turbulent year, it seems strange to be thinking about ‘after the pandemic’, but with millions of vaccinations underway, the light at the end of the tunnel is visible. As we turn the corner, choosing technology partners that understand how to proactively respond to changing market needs and support the evolving requirements of print businesses and end customers will be vital. The printers in Mimaki’s ‘100 series’ portfolio, which consists of the high quality, high productivity entry level roll-to-roll inkjet printers the UJV100-160 UV and the JV100-160 solvent, and the high performance textile printer, the TS100-1600, are a perfect reflection of the way technology requirements are adapting in line with the industry as we look to the future. To demonstrate this, we have identified three post-pandemic technology touchpoints that will help print businesses target success amid uncertainty.

  • Productivity

The pandemic has served as a major catalyst for existing trends, and our growing appetite for everything on-demand has been given a huge COVID-related boost. For printers, a digital solution that offers premium productivity, quality and efficiency at an entry-level price point is sure to be an invaluable investment to meet evolving ‘on-demand demands’. Adding a digital production element to your business doesn’t need to be daunting, complicated or overpriced – the Mimaki ‘100 series’ truly lives up to the tagline ‘Expert Printing Made Easy’, offering an incredibly intuitive user experience for streamlined, ultra-efficient printing, high-quality output, and cost-effective implementation. The powerful and productive new textile printer in the ‘100 series’, the TS100-1600, is a shining example of equipment developed with the future of the market in mind – the textile industry is fast-paced and constantly innovating, and the printer you invest in needs to keep up with your creativity.

  • Diversity

2021 is set to be a period of transition. While that will mean navigating uncertainty, the ‘glass half full’ approach is to view the year ahead in terms of opportunities such as expanding your business, exploring alternative revenue streams, and taking the plunge into new markets. In the past, it may have felt as if the barriers to entry when it came to looking beyond your core business were too great. However, in a post-pandemic world, we need to break some of those barriers down and demonstrate that success with digital print is within reach if you invest in the right equipment. With the ‘100 series’ portfolio, Mimaki is acknowledging what print service providers need from their technology partners – the UJV100-160 and the JV100-160 are suitable for a wide range of applications that will allow you to easily and affordably diversify your offering, and with the TS100-1600 textile printer, it has never been easier to target growth in the thriving textile sector, even in challenging times.

  • Affordability

Affordability is one of the most significant barriers to entry into new markets. 2020 was a year of unprecedented economic challenges, so it’s more important than ever to be thinking about gaining a competitive edge, and the printers in the ‘100 series’ from Mimaki have been specifically formulated to help you ramp up productivity while keeping running costs low. Whether you want to take your first foray into digital print production, expand the services you offer or simply grow your customer base, cost can be a major sticking point, which is why supporting customers is Mimaki’s number one priority, designing the ‘100 series’ around your needs and continuing to listen to how those needs are developing. Making an investment in the JV100-160 in order to move into outdoor graphics; meeting demand for faster turnaround times by adding the instantly curable UJV100-160 to your production setup; or taking a leap into new revenue streams with the TS100-160 – it’s all ‘100’ percent accessible.

Source:

Martial Granet, Branch Manager, Mimaki France

07.04.2021

NCTO: Importance of the U.S. Textile Industry to Lifesaving PPE & the Economy

National Council of Textiles Organization (NCTO) member Parkdale Mills hosted Senator Tim Kaine (D-VA) at the company’s Magnolia Manufacturing plant in Hillsville, Va. today to showcase the critical role the company and the industry has played in producing lifesaving personal protective equipment (PPE) to aid frontline health-care workers and the country during the pandemic.

Parkdale’s facility in Hillsville, Va. is a key yarn spinning hub contributing to a major face mask initiative bringing together several U.S. companies and more than 5,000 workers as part of the Biden administration’s pledge to provide 25 million reusable face masks to communities hit hard by the pandemic.

National Council of Textiles Organization (NCTO) member Parkdale Mills hosted Senator Tim Kaine (D-VA) at the company’s Magnolia Manufacturing plant in Hillsville, Va. today to showcase the critical role the company and the industry has played in producing lifesaving personal protective equipment (PPE) to aid frontline health-care workers and the country during the pandemic.

Parkdale’s facility in Hillsville, Va. is a key yarn spinning hub contributing to a major face mask initiative bringing together several U.S. companies and more than 5,000 workers as part of the Biden administration’s pledge to provide 25 million reusable face masks to communities hit hard by the pandemic.

“Parkdale Mills thanks Senator Kaine for his leadership on policies that help bolster our company and the entire textile industry. We are proud to be part of an initiative that is bringing together American companies to produce 100% American-made masks for community health centers, soup kitchens and food banks across the country,” said Davis Warlick of Parkdale Mills. “With the support of our government and leaders like Senator Kaine, our industry is demonstrating its ability and capacity to make critical items here for the long term.”

Kim Glas, President and CEO of NCTO said: “We want to sincerely thank Senator Kaine for his leadership in supporting American manufacturers, which have played a vital role in our economy as well as the nationwide effort to produce critical PPE and medical textiles for a nation in crisis. We are grateful to the senator and the Biden administration for prioritizing domestic manufacturers and the U.S. workforce. The U.S. textile industry is a vital contributor to the U.S economy and policies that Senator Kaine supports help bolster the onshoring of PPE and critical items, which in turn spurs employment and investment in the American manufacturing base.”

25.03.2021

Autoneum Holding AG Annual General Meeting

  • Waiver of dividend
  • Expansion of Board of Directors

The shareholders of Autoneum Holding Ltd approved all proposals of the Board of Directors at today’s Annual General Meeting and agreed to forgo dividend payments. Liane Hirner and Oliver Streuli were newly elected to the Board of Directors. Based on Art. 27 of the Covid-19 Ordinance 3, the Board of Directors of Autoneum Holding Ltd decided to hold the 2021 Annual General Meeting without physical attendance by the shareholders. For this reason, the Company had asked them in advance to exercise their rights exclusively via the Independent Proxy. He represented 63.5% of a total of 4 672 363 shares.

  • Waiver of dividend
  • Expansion of Board of Directors

The shareholders of Autoneum Holding Ltd approved all proposals of the Board of Directors at today’s Annual General Meeting and agreed to forgo dividend payments. Liane Hirner and Oliver Streuli were newly elected to the Board of Directors. Based on Art. 27 of the Covid-19 Ordinance 3, the Board of Directors of Autoneum Holding Ltd decided to hold the 2021 Annual General Meeting without physical attendance by the shareholders. For this reason, the Company had asked them in advance to exercise their rights exclusively via the Independent Proxy. He represented 63.5% of a total of 4 672 363 shares.

The shareholders approved the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements 2020. In view of the net loss in the 2020 financial year, the Board of Directors proposed forgoing dividend payments, which was approved by a large majority of the shareholders. Hans-Peter Schwald, Chairman of the Board of Directors, said: “2020 was extremely challenging for the entire automobile industry and also for Autoneum. The pandemic-related drop in revenue has impacted profitability. Despite the net loss, Autoneum reached important financial improvements in 2020. We expect to return to profitability in 2021 and our aim to distribute at least 30% of the net profit attributable to Autoneum shareholders as dividends remains unchanged. The Board of Directors, the Group Executive Board and the Company as a whole are committed fully to ensuring that Autoneum continues to make significant operational and financial improvements.”

Chairman Hans-Peter Schwald and the other members of the Board of Directors, Rainer Schmückle, Norbert Indlekofer, Michael Pieper, This E. Schneider and Ferdinand Stutz were confirmed in office. Newly elected to the Board of Directors were Liane Hirner and Oliver Streuli.

With Liane Hirner and Oliver Streuli and the resignation of Peter Spuhler, who did not stand for reelection in order to be able to focus on managing Stadler Rail, the Board of Directors of Autoneum Holding Ltd has expanded from seven to eight members. Hans-Peter Schwald explained: “The expertise of Liane Hirner and Oliver Streuli in the areas of finance and corporate management is of great value to Autoneum. As the Board of Directors, we look forward to this enhancement to the Board and to working with both of them.”

Peter Spuhler has been an important driving force since the Company became independent, he played a major role in shaping Autoneum thanks to his entrepreneurial expertise and showed great commitment to the Company. The Board of Directors thanks him sincerely and wishes him continued success.

This E. Schneider, Hans-Peter Schwald and Ferdinand Stutz were re-elected to the Compensation Committee. Oliver Streuli was elected as a new member of this committee. In addition, the shareholders of Autoneum Holding Ltd granted discharge to all members of the Board of Directors and the Group Executive Board with a large majority.

The consultative vote on the 2020 remuneration report was approved by 83.4%. Due to the severe impact of the coronavirus pandemic on the Group’s business development, the members of the Board of Directors renounced half of their compensation for the 2020 financial year and, in order to  align their remuneration with shareholder interests, decided to receive it entirely in Autoneum shares. In addition, a waiver of salary amounting to 10% of the basic salary for a period of three months was agreed upon with the senior management as part of a reduction of personnel costs.

The proposals for the remuneration of the Board of Directors and the Group Executive Board for the 2022 financial year as well as the other proposals were also approved by a large majority.

Source:

Autoneum Management AG

IFFT/Interior Lifestyle Living set for a highly anticipated return in October 2021 (c) Messe Frankfurt
IFFT/Interior Lifestyle Living 2019
24.03.2021

IFFT/Interior Lifestyle Living set for a highly anticipated return in October 2021

The dates are set: IFFT/Interior Lifestyle Living is welcoming exhibitor registration for its 2021 edition, to be held from 18 – 20 October 2021 in the South Halls of Tokyo Big Sight. The dedicated fair for interior design is once again set to attract not only retail buyers but also visitors from design and architecture offices, commercial facilities, and other contract businesses. The 2019 edition welcomed 352 exhibitors from 14 countries and regions as well as 16,016 visitors from 34 countries and regions, receiving much positive feedback for its increased focus on contract business.
 
IFFT/Interior Lifestyle Living 2019
Returning after a hiatus in 2020 due to the COVID-19 pandemic, IFFT/Interior Lifestyle Living will once again create opportunities for exhibitors to meet new clients and expand their businesses. Messe Frankfurt Japan Ltd is working to put all of the appropriate safety and hygiene measures in place to protect participants during the fair period, and prevent the spread of COVID-19.
 
New ETHICAL zone added to satisfy consumer demand

The dates are set: IFFT/Interior Lifestyle Living is welcoming exhibitor registration for its 2021 edition, to be held from 18 – 20 October 2021 in the South Halls of Tokyo Big Sight. The dedicated fair for interior design is once again set to attract not only retail buyers but also visitors from design and architecture offices, commercial facilities, and other contract businesses. The 2019 edition welcomed 352 exhibitors from 14 countries and regions as well as 16,016 visitors from 34 countries and regions, receiving much positive feedback for its increased focus on contract business.
 
IFFT/Interior Lifestyle Living 2019
Returning after a hiatus in 2020 due to the COVID-19 pandemic, IFFT/Interior Lifestyle Living will once again create opportunities for exhibitors to meet new clients and expand their businesses. Messe Frankfurt Japan Ltd is working to put all of the appropriate safety and hygiene measures in place to protect participants during the fair period, and prevent the spread of COVID-19.
 
New ETHICAL zone added to satisfy consumer demand
A newly introduced ETHICAL zone will help industry players explore the themes of sustainability and ecology, which are continuing to gain traction in the interior design market. The zone focuses on environmental protection, up-cycling, fair trade, products that support people with disabilities, organic products, local production for local consumption, and more. Furniture production from recycled forest materials will also be a focus of the zone, which will be promoted in the run up to the fair through sector-specific media channels. This will include dedicated promotional activities targeting ethically driven retailers and restaurants.
 
A variety of booth sizes to accommodate exhibitors’ needs
In response to requests from exhibitors who showcase smaller items, a new booth size has been added for 2021. Measuring 6.3 sqm (width 3m x depth 2.1m), the new booth option is one size smaller than the existing 9 sqm booth, adding more choice for exhibitors
 
Dedicated lifestyle themed zones
Proving popular amongst trade buyers during previous editions, ‘CREATIVE RESOURCE’ is a zone devoted to innovative interior materials, as well as parts and services for interior design and home remodelling. Products featured at the zone include wallpaper, floor coverings, paints and related materials. First introduced in 2012, the zone has grown in stature as the destination for the likes of manufacturers, architects, designers and developers to find inspiration.
 
The fair’s zoning encompasses a variety of different product categories and themes. This not only simplifies the sourcing process for trade buyers, but it also maximises business exposure for exhibitors. Day-to-day lifestyle products – both stylish and functional – will be displayed in the ‘HOME’, ‘ACCENT’ and ‘EVERYDAY’ zones with a focus on living spaces, accessories and household items respectively.
 
Moreover, catering to the world of convenience and home cuisine, an array of pragmatically-designed packaged food will be presented at 'FOODIST', while innovative dining items will be gathered at the ‘KITCHEN LIFE’ zone.
 
Highlighting high quality local craftsmanship, designs from Japanese artisanal artists with a modern touch will be located in the ‘JAPAN STYLE’ zone. The latest designs from highly acclaimed international brands will be displayed too, in the ‘MOVEMENT’ area, while work from up-and-coming young designers will appear at the ‘TALENTS’ and ‘NEXT’ zones.
 
About IFFT/Interior Lifestyle Living
IFFT/Interior Lifestyle Living is held annually in fall and is the sister fair of Interior Lifestyle Tokyo held in spring, which is based on Ambiente, Messe Frankfurt’s largest and most important international consumer goods fair, and Heimtextil, the biggest international home and contract textiles fair. With the synergetic effects of these leading global trade fairs in the high-end interior market, and with Messe Frankfurt’s global network, IFFT/Interior Lifestyle Living is a key platform for professionals, buyers, architects and those engaged in domestic and international contract business.

Baldwin receives three FlexoCleanerBrush™ orders in 30 days (c) Baldwin Technology
Baldwin’s three new FlexoCleanerBrush installations are located in Bevaria (Germany), Michigan (US) and Florida (US). The Florida order was secured in partnership with local agent Technoflex in South Carolina (US).
23.03.2021

Baldwin receives three FlexoCleanerBrush™ orders in 30 days

  • Full-width automated cleaning system will be installed on high-graphics corrugated presses

Baldwin Technology Company Inc. has successfully landed three new FlexoCleanerBrush orders, with a total of 16 cleaning heads, from customers in the US and Germany. During the COVID-19 pandemic, Baldwin has delivered a total of 30 FlexoCleanerBrush cleaning heads, thanks to close collaboration between onsite team members, local agents, the company’s global sales organization, and support from its product and technology center in Germany. With the FlexoCleanerBrush system, an inline cleaning station installed within each print unit uses a brush that runs the full width of each printing plate. Paired with a precision spray application system, the FlexoCleanerBrush evenly distributes a mixture of detergent and water across the plate as it spins, gently cleaning its surface. The plates are then dried by the integrated air knife.

  • Full-width automated cleaning system will be installed on high-graphics corrugated presses

Baldwin Technology Company Inc. has successfully landed three new FlexoCleanerBrush orders, with a total of 16 cleaning heads, from customers in the US and Germany. During the COVID-19 pandemic, Baldwin has delivered a total of 30 FlexoCleanerBrush cleaning heads, thanks to close collaboration between onsite team members, local agents, the company’s global sales organization, and support from its product and technology center in Germany. With the FlexoCleanerBrush system, an inline cleaning station installed within each print unit uses a brush that runs the full width of each printing plate. Paired with a precision spray application system, the FlexoCleanerBrush evenly distributes a mixture of detergent and water across the plate as it spins, gently cleaning its surface. The plates are then dried by the integrated air knife.

“With two of the recent orders, the customers had already installed the FlexoCleanerBrush in other locations. One of them reported as much as a 30 percent production capacity increase, thanks to the  installation,” said Lee Simmonds, Regional Sales Manager at Baldwin. “Both customers have experienced insufficient results with their original traversing cloth cleaning systems, which will now be removed and replaced with the full-width, stand-alone, automated FlexoCleanerBrush technology from Baldwin.”

Improving sustainability is one of the key drivers for investments in the corrugated printing industry. The FlexoCleanerBrush dramatically cuts water waste by cleaning plates more efficiently. In a recent independent study that was conducted to validate the capacity of the automated system, the FlexoCleanerBrush could fully clean and dry all printing plates in less than four minutes and pick hickeys in seconds.

Besides offering efficient cleaning during runs and fast end-of-job cleaning, the FlexoCleanerBrush system also enables operators to remove dry plates from the machine without the potential risk of plates sticking together once they are placed back in the plateracking system. This helps to ensure increased board throughput, less downtime and a safer working environment by eliminating operators’ contact with nip points, moving parts and chemicals.

Source:

Baldwin Technology

11.03.2021

Lenzing Group weathers the crisis year 2020 and remains strategically well on track

  • Successful implementation of measures to fight the COVID-19 pandemic with a focus on the safety and health of employees, customers and partners and securing sustainable business development
  • Implementation of strategic investment projects progressing on schedule – financing contracts for the construction of the pulp plant in Brazil concluded according to plan
  • Lenzing expands its lead in sustainability and circular economy – first TENCEL™ branded carbon-zero fibers launched
  • Successful issuance of a EUR 500 mn hybrid bond further strengthens balance sheet structure
  • Lenzing expects recovery of the fiber market to continue in 2021 and an operating result on pre-crisis level

Lenzing – In 2020, the Lenzing Group successfully responded to the extremely difficult market environment due to the COVID-19 crisis by implementing a broad package of measures and remains fully on track in terms of its strategy. The measures focused on protecting Lenzing’s employees and partners and on safeguarding its operations.

  • Successful implementation of measures to fight the COVID-19 pandemic with a focus on the safety and health of employees, customers and partners and securing sustainable business development
  • Implementation of strategic investment projects progressing on schedule – financing contracts for the construction of the pulp plant in Brazil concluded according to plan
  • Lenzing expands its lead in sustainability and circular economy – first TENCEL™ branded carbon-zero fibers launched
  • Successful issuance of a EUR 500 mn hybrid bond further strengthens balance sheet structure
  • Lenzing expects recovery of the fiber market to continue in 2021 and an operating result on pre-crisis level

Lenzing – In 2020, the Lenzing Group successfully responded to the extremely difficult market environment due to the COVID-19 crisis by implementing a broad package of measures and remains fully on track in terms of its strategy. The measures focused on protecting Lenzing’s employees and partners and on safeguarding its operations. Lenzing flexibly adjusted production volumes and was able to offer its customers the usual delivery service at any time. In addition, Lenzing also intensified measures for structural earnings improvement to mitigate the effect of the pressure on fiber prices and demand for fibers, and reduced its operating costs.

Please read the attached document for more information.

More information:
Lenzing Group Covid-19
Source:

Lenzing Aktiengesellschaft

09.03.2021

Rieter Financial Year 2020

Financial Year 2020

As a consequence of the COVID-19 pandemic, Rieter closed the 2020 financial year with sales of CHF 573.0 million, which corresponds to a decrease of 25% compared to the previous year (2019: CHF 760.0 million). Due to the low sales volume, a loss of CHF 84.4 million was recorded at the EBIT level while at the net profit level the loss was CHF 89.8 million. In view of the loss in the 2020 financial year, the Board of Directors proposes that shareholders waive the payment of a dividend for 2020.

Order intake of CHF 640.2 million in the 2020 financial year was 31% down on the previous year (2019: CHF 926.1 million). Following the significant slump in demand in the second quarter of 2020 (CHF 45.7 million), order intake recovered in the third quarter (CHF 174.4 million) and improved further in the fourth quarter (CHF 215.1 million).

At the end of 2020, the company had an order backlog of about CHF 560 million (December 31, 2019: about CHF 500 million).

Financial Year 2020

As a consequence of the COVID-19 pandemic, Rieter closed the 2020 financial year with sales of CHF 573.0 million, which corresponds to a decrease of 25% compared to the previous year (2019: CHF 760.0 million). Due to the low sales volume, a loss of CHF 84.4 million was recorded at the EBIT level while at the net profit level the loss was CHF 89.8 million. In view of the loss in the 2020 financial year, the Board of Directors proposes that shareholders waive the payment of a dividend for 2020.

Order intake of CHF 640.2 million in the 2020 financial year was 31% down on the previous year (2019: CHF 926.1 million). Following the significant slump in demand in the second quarter of 2020 (CHF 45.7 million), order intake recovered in the third quarter (CHF 174.4 million) and improved further in the fourth quarter (CHF 215.1 million).

At the end of 2020, the company had an order backlog of about CHF 560 million (December 31, 2019: about CHF 500 million).

Business Groups
Sales of the Business Group Machines & Systems amounted to CHF 295.8 million in 2020, which corresponds to a decrease of 24% compared to the previous year. Due to the low volume and taking into account the expenditure on the ongoing innovation program, the business group recorded a loss of CHF 72.4 million at the EBIT level. Order intake in the reporting year was CHF 363.9 million (-35% compared to the previous year).

The Business Group Components with sales of CHF 174.3 million (-24% compared to the previous year) achieved a profit of CHF 1.4 million at the EBIT level before restructuring charges. EBIT after restructuring charges was CHF -5.5 million. The order intake with CHF 169.1 million (-24% compared to the previous year) was just below sales.

The Business Group After Sales achieved sales of CHF 102.9 million (-27% compared to the previous year) and a positive EBIT of CHF 1.8 million. Order intake was CHF 107.2 million (-24% compared to the previous year). Over 60% of spinning mills were shut down in the second quarter of 2020, with a corresponding impact on the demand for spare parts.

Dividend
Due to the loss of CHF 89.8 million at the net profit level in the 2020 financial year, the Board of Directors proposes that shareholders waive the distribution of a dividend.

Outlook
Rieter expects the market recovery that began in the second half of 2020 to continue in 2021. The company expects an order intake in the first half of 2021 exceeding that of the previous half year (second half of 2020: CHF 389.5 million). Thanks to the improved capacity utilization, Rieter is planning short-time working in only a few areas in the first half of 2021. Nonetheless, as already announced, Rieter still anticipates that sales in the first half of 2021 will be below the break-even point. In connection with the high order backlog at the beginning of 2021, Rieter expects an operating profit for the full year 2021.

Source:

Rieter Management AG