From the Sector

• Transformation program and improving order situation show first successes
• Sales up 8.8% to €496.7 million compared with first half of previous year
• Adjusted EBITDA improves by 70.7% to €71.7 million
• Positive business development led to forecast increase on July 13, 2021

While the past fiscal year 2020 was still characterized by a Corona-related slump in orders in many business areas of SGL Carbon, demand picked up again in the first six months of 2021. Accordingly, Group sales increased by 8.8% to €496.7 million in H1 2021 (H1 2020: €456.5 million).

The Carbon Fibers and Composite Solutions Business Units particularly contributed to the €40.2 million increase in sales. Carbon Fibers contributed €166.4 million to Group sales, especially benefiting from increased demand from the automotive market segment. In the Composite Solutions Business Unit, the increase in sales of 52.4% to €60.2 million was also primarily based on the recovering demand from the automotive industry.

With sales of €221.2 million, the Graphite Solutions business area contributed around 44.5% of SGL Group sales. The 3.8% increase in the division's sales was particularly due to the positive development in the important markets of the LED, semiconductor and automotive industries.

Transformation program:
The restructuring and transformation process initiated at SGL Carbon made a significant contribution to the Company's positive sales and earnings performance. In addition to leaner and more efficient structures as well as a reorganization of the business units with responsibility for results, a large number of improvements and cost initiatives in all business units and sites have contributed to the success of the ongoing transformation program.

Forecast increase:
Due to pleasing business development in the first half of the year as well as transformation successes, SGL Carbon raised its forecast for fiscal year 2021 on July 13, 2021. For the financial year 2021, the company now expects consolidated sales of around €1.0 billion (previously: €920 - 970 million). In line with developments in the first half of 2021 and the results from the transformation, adjusted EBITDA for 2021 is expected to be between €130 - 140 million (previously: €100 - 120 million). Accordingly, a slightly positive net profit is now forecasted for fiscal year 2021 (previously: €-20 million to €0).

The MS Ultrasonic Technology Group is a globally recognized technology and innovation leader in ultrasonic joining technology and develops and builds flexible special machines, pioneering series machines, modular systems and efficient components for high-performance complete solutions.

This enables optimal welding, punching, sealing, cut-off welding and riveting of thermoplastics, textiles and nonwovens as well as cutting of food and other products.

To ensure sustainable growth, MS is focusing on expanding its application portfolio and entering new market segments. MS Ultrasonic Technology Group is part of the listed MS Industrie AG with internationally active companies.

In addition to the company's previous activities, MS is now placing a new focus on the continuous welding of nonwovens and other materials.

More than 30 years of experience in the development and production of high-quality and innovative ultrasonic components, coupled with know-how in drive and control technology, will be incorporated into the new business segment. This means that customers receive ready-to-integrate systems with maximum precision from a single source. With the new MS Competence Center in Ettlingen (Germany), MS is fulfilling the wish of many customers to expand its application portfolio to include continuous joining, embossing and perforating of nonwovens and sealing of packaging.

MS is thus adding an innovative and specialized site, while maintaining a high level of vertical integration and support for all specialist areas through its main site in Spaichingen (Germany). In two application laboratories and a measurement and analysis laboratory, tests, evaluations and optimizations of various welding tasks are just as much a part of the service as the in-house production of engraving rollers through to complete systems.

• Application engineering consulting for your welding task
• Support in the design of the engraving roll
• Execution of feasibility studies
• Welding tests to determine the process parameters
• Individualized process optimization
• Finding solutions for problematic welding applications
• Testing of quality-describing characteristics (tightness, porosity, strength)
• Microscopic analysis of the welded joint in 3D
• Sample creation and pre-series production

• Expanding additive manufacturing technology portfolio for next generation of sustainable on-demand textile production

Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in digital textile production technologies, announced the acquisition of all associated assets of Somerville, Massachusetts-based Voxel8.  

Voxel8’s advanced additive manufacturing technology for textiles allows for digital fabrication of functional features with zonal control of material properties, in addition to utilizing high-performance elastomers adhering to inkjet technology.

"By integrating Voxel8’s technology into Kornit’s product roadmap, we will be able to transform numerous market segments and verticals, accelerating our collective visions and technology advancements," . “Voxel8 offers direct 3D print-on-part capabilities, advanced design software that can be easily integrated with any production floor software workflow, and versatile chemistry enabling on-the-fly formulation of high-performance elastomers to change the material properties of the resulting printed structures by multiple orders of magnitude. This means reflective, high-density, silicone and metallics, as well as compression elements for sports and therapeutics, protection elements like cushioning and impact resistance, and functionality applications like anti-slip, waterproofing, and other qualities combining form and function that are key to Kornit’s vision of digitizing production in every conceivable manner,” explained Kobi Mann, Kornit Digital Chief Technology Officer

• A new capsule collection colored only using plants and natural elements, signed together by Tonello and WRÅD

A capsule collection of exclusive garments was born, happy, totally natural, healthy and sustainable, free of chemicals hazardous for the environment or humans, hypoallergenic and gentle on the skin, the result of a responsible process, 100% GOTS certified organic cotton.

A collection made possible by the talents of WRÅD and Wake, the innovative organic dyeing system developed by Tonello: healthy for people and for the environment, because it uses only plants and vegetable waste, such as flowers, berries, peels and roots, which are left to dry and then infused, without using harmful chemical additives. It is easy to use, almost like preparing an herbal tea: it is, in fact, a radical paradigm shift.

The naturalness of the pigments used and the desire to create a support that would highlight the real color of emotions: these were the points that unite WRÅD and Tonello, realities that are also physically close, united by the authenticity of their evolutionary promises of change and transformation.

The colors on the garments are alive. Sensitive to light, over time they tend to fade to a lower tone, becoming increasingly sober and authentic, like those who choose to wear these manifesto-garments, which invite, quietly, and with grace and subtlety, a gentle revolution: in the name of respect for the environment and the equilibrium between people and nature.

Borealis announces the appointment of Thomas Reutter as Vice President Product Asset Management and Supply Chain, effective 1 August 2021.
He holds a Master’s in Business Administration degree from the Martin-Luther University Halle, Germany, with a specialisation in Controlling and Supply Chain.

Thomas Reutter joins Borealis from Dow and brings extensive product asset management and supply chain experience. Since joining Dow in 2008, he has held various positions with increasing responsibilities in product management, supply chain management and sales in the Netherlands, Mexico and Switzerland. Most recently he has served as Senior Product Director for Linear Low Density Polyethylene, based in Switzerland.

Fibre Extrusion Technology Ltd of Leeds, UK has installed a new meltspinning system to upgrade research facilities at NIRI, the Nonwovens Innovation & Research Institute Ltd UK, a global leader in nonwoven engineering and product development.

Established in 1998, FET is a leading supplier of laboratory and pilot meltspinning systems with installations in over 35 countries and has now successfully processed almost 30 different polymer types in multifilament, monofilament and nonwoven formats.
 
The installation comprises a FET-102 Series Laboratory Meltblown Spinning System and FET-103 Monofilament Meltspinning System. This advanced equipment enhances NIRI’s extensive pilot facilities and state-of-the-art analytical laboratory for fast tracking innovation. In particular, the FET meltblown system will be utilised for R&D, pilot projects, sampling and prototyping, proof of concept testing and for designing cost-effective, sustainable and innovative products.

NIRI supports global manufacturing companies to identify new opportunities for meltblown nonwovens, develop their next generation of products and accelerate their commercialisation activities. NIRI’s new upgraded laboratory and pilot system from FET can process a wide range of polymer types, including chemically recycled polymers, bio-polymers and many difficult-to-process materials.

Michael Lüthi, a member of the founding family, will become the CEO of the SANITIZED company group on August 1, 2021. He will take over the position from Urs Stalder, who will join the administrative board after working for the company for over 30 years.

Longtime CEO Urs Stalder consistently promoted the brand Sanitized®. Furthermore, he managed to internationalize the company, establish subsidiaries in the U.S., China and India, and focus on innovative products.

The 38-year-old business economist Michael Lüthi has been working for SANITIZED since 2018. He previously worked as COO of Senevita, a company that at the time had roughly 30 residences, and he supervised residential complexes for seniors with roughly 2,500 employees. Over the past three years, Michael Lüthi was already a member of SANITZED’s management team and helped to shape the course of the company.

“We will continue to combine tradition and innovation: SANITIZED is a fourth-generation Swiss family company, and we will continue to expand our leadership position in the world with our safe and innovative products and services for the textile, polymer, and paint industries,” explains the new SANITIZED CEO Michael Lüthi. American company Consolidated Pathways was recently acquired with this objective in mind. SANITIZED now has a presence with its own subsidiaries in the U.S., China, the European Union, and India.

• Strong operating result: EBITDA at EUR 217.8 mn, cash flow from operating activities at EUR 199.8 mn
• Major strategic projects continue fully on track – production start of the lyocell plant in Thailand in the fourth quarter of 2021
• Start of strategic cooperation agreement for textile recycling with Södra
• New milestones in the implementation of group-wide carbon neutrality: EUR 200 mn investment in existing locations in Asia
• Guidance 2021: Lenzing expects EBITDA of at least EUR 360 mn

The Lenzing Group reported a significant improvement in revenue and earnings in the first half of the year. Growing optimism in the textile and apparel industry and the ongoing recovery in retail caused a substantial increase in demand and prices on the global fiber market, in particular at the beginning of the current financial year.

Revenue rose by 27.5 percent to EUR 1.03 bn in the first half of 2021. This increase is primarily attributable to higher viscose prices, which stood at more than RMB 15,000 in May thanks to significantly higher demand for fibers, especially in Asia. The focus on wood-based specialty fibers such as TENCEL™, LENZING™ ECOVERO™ and VEOCEL™ branded fibers also had a positive impact on the revenue development; the share of specialty fibers in fiber revenue rose to 72.8 percent in the reporting period. The negative impact of more unfavorable currency effects was consequently more than offset.

The earnings development essentially reflects the positive market development and was additionally reinforced by measures to improve efficiency. Energy and logistics costs increased significantly throughout the entire reporting period. EBITDA (earnings before interest, tax, depreciation and amortization) more than doubled and amounted to EUR 217.8 mn in the first half of 2021 (compared to EUR 95.6 mn in the first half of 2020). The EBITDA margin rose from 11.8 percent to 21.1 percent. Net profit for the period amounted to EUR 96.1 mn (compared to a net loss of EUR minus 14.4 mn in the first half of 2020) and earnings per share to EUR 3.06 (compared to EUR 0.06 in the first half of 2020).

“Lenzing had a very strong first half-year. The demand for our sustainably produced specialty fibers once again developed excellently,” says Stefan Doboczky, CEO of the Lenzing Group.

• "Optimizing the global strategy of its ROICA™ premium stretch fiber business"

Asahi Kasei Corporation markets premium stretch fiber (elastic polyurethane filament) under the brand of ROICA™ with superior performance features enabled by integrated production from raw material to finished yarn based on its advanced technology.

Asahi Kasei operates its global ROICA™ business having production sites in Japan, Thailand, Taiwan, China, and Germany with numerous sales offices around the world. Asahi Kasei has now decided to restructure and optimize its global strategy in order to further improve the business performance and level of sales services.

As a part of this process, the production and sales of ROICA™ at its German subsidiary, Asahi Kasei Spandex Europe GmbH, will be discontinued by March 31, 2022.
Recognizing the importance of the European market as leading fashion market and in light of sustainable trends together with valued customers and supply chains, Asahi Kasei will continue sales, technical, and marketing services in Europe from Asahi Kasei Europe, the European regional headquarters of the Asahi Kasei Group, focusing on ROICA™ added value products manufactured at its global ROICA™ production sites.

• Introducing TexCoat G4 to US textile industry
• Non-contact precision spray fabric-finishing system enhances sustainability and process control

Baldwin Technology Company Inc. will be showcasing its TexCoat G4 non-contact precision spray fabric-finishing system at the Techtextil North America trade show, held Aug. 23 to 25, in Raleigh, North Carolina.

With extensive sustainability benefits, unprecedented tracking and process control, and Industry 4.0 integration, the TexCoat G4 provides consistently high-quality fabric finishing, with no chemistry waste, and significantly reduced water and energy consumption.

Baldwin’s innovative non-contact spray technology eliminates chemistry dilution in wet-on-wet processes. The TexCoat G4 consistently and uniformly sprays chemistry across the fabric surface and applies it only where needed, on one or both sides.

Customers can expect no bath contamination during the finishing process, as well as minimal downtime during changeovers, which are made easy with recipe management that includes automated chemistry and coverage selection. The TexCoat G4 also enhances sustainability by wasting no chemistry during color, fabric or chemistry changeovers, and because only the required chemistry volume is applied to the fabric, wet pick-up levels can be reduced by up to 50 percent—leading to 50 percent less water and energy consumption.

Furthermore, in single-side applications, drying steps can be eliminated for various textiles, including those that are back-coated and laminated, thereby streamlining and simplifying the production process.