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30.10.2020

SGL Carbon SE: Board of Management resolves restructuring program

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

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

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

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

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

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

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

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

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

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

More information:
SGL Carbon Composites Fibers
Source:

SGL CARBON SE

Bemberg™: Nilufer Bracco launches niLuu collection (c) Bemberg™
Women’s Sand kimono, matching sleep mask and pillowcase made of Bemberg™
27.10.2020

Bemberg™: Nilufer Bracco launches niLuu collection

  • The stunning niLuu collection by former professional volleyball player Nilufer Bracco features smart Bemberg™ fabrics by Ipeker
  • Wonderful kimonos for women and men, sleep and face masks are the key pieces of the PETA certified and cruelty-free collection, 100% Bemberg™ and vegan

Former professional volleyball player Nilufer Bracco recently launched niLuu, a PETA approved cruelty-free loungewear brand using 100% Bemberg™ by Asahi Kasei that combines the iconic elegance of traditional silk with a socially and environmentally ethical production process.

  • The stunning niLuu collection by former professional volleyball player Nilufer Bracco features smart Bemberg™ fabrics by Ipeker
  • Wonderful kimonos for women and men, sleep and face masks are the key pieces of the PETA certified and cruelty-free collection, 100% Bemberg™ and vegan

Former professional volleyball player Nilufer Bracco recently launched niLuu, a PETA approved cruelty-free loungewear brand using 100% Bemberg™ by Asahi Kasei that combines the iconic elegance of traditional silk with a socially and environmentally ethical production process.

Bemberg™ is a fiber made from the smart-tech transformation of cotton linters bio-utility materials that are converted through a traceable and transparent closed loop process; the Bemberg™ Ipeker Textile  fabric’s uniqueness comes from the exceptional quality characteristics achieved in design. The end result is a luxurious fabric so soft and smooth that it is almost like a second skin, breathes like cotton, drapes beautifully like silk, and reflects the cultural tradition of luxury textiles from founder Nilufer Bracco’s native country, Turkey. The first collection released by Miami based niLuu features premium quality kimono robes, sleep masks, face masks, and pillowcases that are available in a variety of deep and vibrant colors, and with a soft-brushed finish typical of premium sand-washed silk.

Designed to not only feel and look amazing but the entire niLuu collection is sustainable, biodegradable and 100% vegan.  Ipeker Textile, one of the major Bemberg™ fabric producers in Europe, proudly holds the title as the first vegan fabric producer in the world, receiving Vegan V-Label certificate on around 150 different products that adhere to the guidelines of the European Vegetarian Label, most of them developed with Bemberg™ yarn.

niLuu’s innovative Bemberg™ collection is hypoallergenic, antistatic, easy to care for, and it is also known to have several benefits for the skin. The breathability of the fabric helps to maintain body temperature; excellent moisture control means the fabric doesn’t dry out the skin or hair in the ways that cotton would and minimal friction against the skin means it is also known to have anti-aging benefits.  Speaking of niLuu’s high-quality Bemberg™ fabric, Founder, Nilufer Bracco adds, “Our innovative Bemberg™ vegan silk delivers the best of both worlds. Not only does our luxury fabric feel amazing when you use it, but you can also feel good knowing that it caused minimum harm to the planet when it was produced and that it will leave only the slightest trace when it reaches the end of its lifecycle.”

The luxury textiles brand has also shown its commitment to responsible practices, by partnering with 1% for the Planet pledging to donate 1% of their annual revenue to environmental organizations that work hard to protect our planet.

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

Rieter Investor Update 2020

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

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

Order Intake by Business Group

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

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

Order Intake by Business Group

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

COVID Crisis Management in Place

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

Continuous Implementation of the Strategy

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

Outlook 2020

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

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

Rieter Management AG

PremiumSeek (c) PREMIUM GROUP
15.10.2020

PREMIUM+SEEK Passport: Results of digital trade show

Over 300 brands have spent three months showcasing their offerings at the world’s first digital trade show. PREMIUM+SEEK Passport, in collaboration with JOOR, provided the industry with a digital addition to the physical trade shows that were unable to take place at all this summer, due to the current situation. The virtual event concluded yesterday.

Over 300 brands have spent three months showcasing their offerings at the world’s first digital trade show. PREMIUM+SEEK Passport, in collaboration with JOOR, provided the industry with a digital addition to the physical trade shows that were unable to take place at all this summer, due to the current situation. The virtual event concluded yesterday.

Summary
“The event was a success: it reached a network of 200,000 buyers, logged over 20,000 visits, and over 80,000 products were sold. The brands that achieved especially good results were those that engaged their own buyer contacts and networks and introduced them to the platform. Things are actually the same as always, the principle remains the same. Success doesn't just happen by itself,” says Anita Tillmann, Managing Partner of the PREMIUM GROUP. “There was a strong focus on communicative value at this digital event. We feel that creating visibility for new potential brands and customers is the best thing we can do to add value for our customers in the current situation. We have worked intensively on how we position ourselves in this crisis, which services we can deliver, and how we can offer our customers and partners support of lasting relevance.”

Outlook
It is not yet possible to announce a final, definitive decision on the PREMIUM GROUP’s January events. The market analysis carried out with exhibitors, partners and retailers is currently being evaluated. The current developments in the number of infections and forecasts by the Federal Government also have an influence on this. These provide reliable data that can serve as the basis for a well-informed and representative assessment of whether and how the trade shows and conferences will be able to take place. Further information on the PREMIUM GROUP events will follow at the end of October.
    
What is certain is that, for the first time, the PREMIUM GROUP and Messe Frankfurt will be putting on their SEEK, PREMIUM, FASHIONTECH, Neonyt and FashionSustain events – along with a host of other highlights – from 6-8 July 2021 as part of Frankfurt Fashion Week 2021. New business platforms, glamorous events, innovative formats and content hubs will be unveiled to the fashion industry – not just in a new setting, but in a totally new guise.

12.10.2020

CHT Germany GmbH: Sustainable heat for sustainable chemical solutions

  • Efficient heat supply of the future reduces environmentally harmful CO2

The heating sector offers a variety of options for the energy turnaround. One of them is district heating. This is an efficient energy source that makes an important contribution to sustainability and climate protection, especially when used within heat and energy-intensive companies. The CHT Group for speciality chemicals has opted to utilise the district heating supplied by the Tübingen public utilities (swt) at its headquarters in Tübingen - and thus reduce CO2 and the use of fossil fuels. This also resulted in the district heating network of the municipal utilities being extended by an additional half kilometre.

  • Efficient heat supply of the future reduces environmentally harmful CO2

The heating sector offers a variety of options for the energy turnaround. One of them is district heating. This is an efficient energy source that makes an important contribution to sustainability and climate protection, especially when used within heat and energy-intensive companies. The CHT Group for speciality chemicals has opted to utilise the district heating supplied by the Tübingen public utilities (swt) at its headquarters in Tübingen - and thus reduce CO2 and the use of fossil fuels. This also resulted in the district heating network of the municipal utilities being extended by an additional half kilometre.

Until recently, heating, hot water and various process steam applications within the CHT site in Bismarckstrasse, Tubingen were fed from a central steam generation plant fired by heating oil. Now three of four company buildings are connected to the swt district heating network and the process steam applications have been decentralised. The fourth building has already been equipped with a modern CHP system for many years. In the future, this building will be prepared for district heating. The conversion to district heating supply will be made as soon as the CHP plant has reached the end of its operating life. In order to connect the CHT headquarters to the district heating, the municipal utilities have extended their supply network by around 570 metres during a four-month construction period. The heat now flows through newly installed transfer stations where it is measured, regulated, transferred and finally fed into the buildings' heating circuits.

Dr. Bernhard Hettich, Chief Technical Officer of CHT Germany GmbH: "As a company CHT focuses on worldwide sustainability. This not only includes products but also the sustainable use of resources at the individual locations. At our headquarters in Tübingen, our efforts are directed towards reducing energy consumption and optimising it with regard to renewable energies. With this investment we will continue to reduce CO2 emissions and the consumption of fossil fuels for the energy we consume. As a Tübingen company, we are therefore pleased to be connected to the local district heating network and to be able to use its advantages for the benefit of our sustainability strategy".

High heat demand offers great savings potential
CHT's heat requirements are high as the three buildings already connected require around 1.3 million kilowatt hours of heat per year. With the fourth building included, the heat requirement is even 1.6 million kilowatt hours. With the conversion to district heating CHT saves about 152 tons of CO2 per year. An investment in the district heating connection is therefore an investment in the future, both from an ecological and economic point of view. CHT has invested 180,000 Euro in the district heating connection.

 

Please read the attached document for more information

Source:

CHT Germany GmbH

Two ISKO I-SKOOL™ 7 looks make their debut at the Graduate Fashion Foundation (c) Isabel Hambly
Isabel Hambly Catwalk
23.09.2020

Two ISKO I-SKOOL™ 7 looks make their debut at the Graduate Fashion Foundation

Two ISKO I-SKOOL™ 7 looks make their debut at the Graduate Fashion Foundation, part of London Fashion Week, a springboard for new talent striving to bridge the gap between education and industry.

Following an unprecedented academic year, GFF celebrates how the Class of 2020 have adapted and overcome adversity to complete their degrees across 26 fashion specialisms, from Design and Knitwear to Comms, Marketing and Business. London, 17-22 September – To bring together fashion educators and industry leaders and to support their graduates to reach their full potential once they have graduated: this has always been GFF’s main goal for the past 28 years. Now more than ever, GFF continues in its long-standing commitment to share good practice and knowledge and to inspire students to become innovators, environmental leaders, employees, and educators while promoting cultural diversity and inclusivity within an international platform – very much in keeping with ISKO I-SKOOL™ values and approach which resonate throughout the contest’s Denim Awards.

Two ISKO I-SKOOL™ 7 looks make their debut at the Graduate Fashion Foundation, part of London Fashion Week, a springboard for new talent striving to bridge the gap between education and industry.

Following an unprecedented academic year, GFF celebrates how the Class of 2020 have adapted and overcome adversity to complete their degrees across 26 fashion specialisms, from Design and Knitwear to Comms, Marketing and Business. London, 17-22 September – To bring together fashion educators and industry leaders and to support their graduates to reach their full potential once they have graduated: this has always been GFF’s main goal for the past 28 years. Now more than ever, GFF continues in its long-standing commitment to share good practice and knowledge and to inspire students to become innovators, environmental leaders, employees, and educators while promoting cultural diversity and inclusivity within an international platform – very much in keeping with ISKO I-SKOOL™ values and approach which resonate throughout the contest’s Denim Awards.

Designers Kotryna Adomaityte and Isabel Hambly from Nottingham Trent University were 2 of the 9 winners of the ISKO I-SKOOL™ 7 Awards, announced in a phygital ceremony held on July 22. The two students were invited to showcase their winning creations at GFF. Kotryna, winner of the ISKO I-SKOOL™ PERICOLO Award by Cadica Group, impressed the audience with her “Wild West Denim” look to London at the GFF Showroom.

Isabel Hambly, winner of the ISKO I-SKOOL™ Best Marketable Product, stole the show with her “Women at war” outfit which was displayed at the Catwalk Show, live-streamed from Samsung KX on September 22. That two of ISKO I-SKOOL™ 7 winners and finalists were part of this important event is proof of the significant role the contest – developed and supported by ISKO – plays in nurturing and championing talent and creativity. This edition’s main concept was world’s citizenship, with the Creative Theme “North, East, South, West – connected by one planet”. The twenty shortlisted finalists were asked to dig into their roots and to approach different cultures, defining and tracking down the geography of the world connecting them through responsibility. In addition to exploring the planet both locally and globally, they were also required to take into account the product life cycle of their outfits – featuring a 5-pocket jeans to interpret their view on the “local” concept and two Denim Show Pieces to reflect their worldwide influences and topics of interest. These were made with top ISKO™ denim fabrics, meeting the designers’ needs and providing a strong sustainable ingredient.

“We are really proud that two of our winners made it to GFF, with which we have many values in common – it marks another important step in their journey” said ISKO Senior Executive ISKO I-SKOOL™ Project Irem Orhun. “All of this goes to show how ISKO I-SKOOL™ plays a fundamental role in providing the foundation to enter the industry more aware of your skills and capabilities.”

(c) Sateri
23.09.2020

FINEXTM Reaches New Milestones; Launches Officially at Intertextile Shanghai Apparel Fabrics

FINEXTM, Sateri’s marquee brand for recycled fibre, is now certified to the Recycled Claim Standard (RCS) which provides verification of recycled raw materials through the supply chain.

RCS is intended for use with any product that contains at least 5% recycled material. Sateri has successfully produced FINEXTM viscose fibres with up to 20% recycled content. Under the RCS certification process, each stage of production is required to be certified, beginning at the recycling stage and ending at the last seller in the final business-to-business transaction.

These new developments were announced at the official launch of FINEXTM on September 23, 2020. About 160 guests, mostly senior representatives of major fashion brands and fabric and garment makers, gathered to celebrate the milestones that cement the status of FINEXTM as a game changer for sustainable fashion.

Themed ‘Sustainable Fashion for the Future’, the launch was jointly hosted by Sateri and China International Fashion Fair (CHIC) on the sidelines of the three-day Intertextile Shanghai Apparel Fabrics, a major industry expo.

FINEXTM, Sateri’s marquee brand for recycled fibre, is now certified to the Recycled Claim Standard (RCS) which provides verification of recycled raw materials through the supply chain.

RCS is intended for use with any product that contains at least 5% recycled material. Sateri has successfully produced FINEXTM viscose fibres with up to 20% recycled content. Under the RCS certification process, each stage of production is required to be certified, beginning at the recycling stage and ending at the last seller in the final business-to-business transaction.

These new developments were announced at the official launch of FINEXTM on September 23, 2020. About 160 guests, mostly senior representatives of major fashion brands and fabric and garment makers, gathered to celebrate the milestones that cement the status of FINEXTM as a game changer for sustainable fashion.

Themed ‘Sustainable Fashion for the Future’, the launch was jointly hosted by Sateri and China International Fashion Fair (CHIC) on the sidelines of the three-day Intertextile Shanghai Apparel Fabrics, a major industry expo.

In his address, Allen Zhang, President of Sateri, said, “The development of FINEXTM has been an intensive effort for Sateri from initial commercialisation, to partnering brands like Lafuma and Rico Lee, and finally to today’s launch. This is all made possible with collaboration across the value chain – working alongside yarn spinners, garment makers and brand partners – to bring a high quality and more planetfriendly product to consumers. The fashion industry is changing fast and, beyond functionality, circularity is now of the greatest importance in apparel manufacturing.”

In the ‘2020 Sustainable Fashion Report’ released by China’s leading business news publication CBNweekly earlier this week, results of a survey with stakeholders in the fashion value chain reinforced the potential of textile recycling as a solution to the problem of textile waste arising from over-consumption and production. The report identified technology and capital as the biggest barriers to textile recycling and highlighted the critical role brands play in mobilising manufacturers and consumers to advance sustainable fashion.

As part of its efforts to promote textile fibre recycling in China, Sateri is in dialogue with the China Association of Circular Economy (CACE) to undertake a comprehensive study on the industrial-scale textile waste recycling landscape in the country. The study is expected to commence next year.

More information:
FinexTM Sateri recycling fibers
Source:

Omnicom Public Relations Group / Sateri

Sappi 1 (c) Sappi Europe
18.09.2020

Sappi - Platinum for sustainability

Sappi Europe received a platinum score in the latest EcoVadis rating. On of the leading global providers of sustainable woodfibre products and solutions retained its top position from the previous year among the leading one per cent of all companies assessed which exhibit high activity and responsibility with regard to corporate social responsibility (CSR).

  • Sappi Europe receives top rating for sustainability
  • Unlocking the power of renewable resources to benefit people, communities and the planet

As part of its clear strategic goals in relation to sustainability and environmental protection, Sappi reached a new milestone. A market leader in environmentally friendly packaging and graphic papers received a platinum score in this year’s sustainability rating from EcoVadis, establishing itself as one of the top performers, with a score well above the overall average. The EcoVadis rating covers a total of 21 criteria, which in turn are divided into four general areas: environment, labour and human rights, ethics and sustainable procurement.

Sappi Europe received a platinum score in the latest EcoVadis rating. On of the leading global providers of sustainable woodfibre products and solutions retained its top position from the previous year among the leading one per cent of all companies assessed which exhibit high activity and responsibility with regard to corporate social responsibility (CSR).

  • Sappi Europe receives top rating for sustainability
  • Unlocking the power of renewable resources to benefit people, communities and the planet

As part of its clear strategic goals in relation to sustainability and environmental protection, Sappi reached a new milestone. A market leader in environmentally friendly packaging and graphic papers received a platinum score in this year’s sustainability rating from EcoVadis, establishing itself as one of the top performers, with a score well above the overall average. The EcoVadis rating covers a total of 21 criteria, which in turn are divided into four general areas: environment, labour and human rights, ethics and sustainable procurement.

Encouraging sustainable operations across the entire value chain have been a key part of Sappi’s corporate strategy for many years. Sappi’s entire business model and investments in research and development are based on the use of renewable materials. The environment management approach of the global company includes a variety of strategies designed to improve its ecological footprint. For 2025, Sappi has linked its sustainability targets to the United Nations’ Sustainable Development Goals. Sappi has long held principles based around People, Planet and Prosperity and with  a heightened focus on seven of the SDG’s they believe they can deliver  real impact and contribute to the global sustainable development agenda.

The platinum rating from EcoVadis demonstrates that Sappi not only talks about sustainability, but actively works towards ensuring it in a very practical way. The whole world is talking about sustainable solutions and looking for alternatives to fossil fuels. Sappi is focused on providing product solutions to the market. A few weeks ago, the market leader presented a number of solutions relating to functional paper packaging as part of its ‘Pro Planet Paper Packaging’ campaign to enable sustainable, high-quality packaging for food and non-food products.

Sappi Europe is extremely proud to have obtained the EcoVadis Platinum rating and while certification and recognition go a long way to helping our work we also acknowledge at Sappi Europe that we are part of a global community that need to continue to strive in all our business areas to create the change needed to help our customers become truly sustainable. The recyclable nature of products derived from woodfibre are essential to creating a more circular economy, where the world’s resources are kept in use longer and more creatively. By responsibly sourcing materials, reducing material waste and emissions , carefully considering product end-of-life, and aiming to use the full potential of trees, we actively promote more sustainable systems explains Sarah Price, Sappi Europe’s Sustainability Manager

 

More information:
Sappi Europe Sustainability
Source:

Sappi Europe

Reach Group: Composites China Trade Show (c) REACH Group
10.09.2020

AMAC/Germany and REACH Group/China: first life business activity since Covid-19 at the Composites China Trade Show in Shanghai

As the first composites trade show worldwide since the Covid-19-crisis, the China Composites in Shanghai (September 2 to 4, 2020) took up its activity. The show counted about 600 exhibitors and over 20 000 visitors, mostly Chinese locals, attended the exhibition.

Chinese Reach Group under the lead of its president Daniel He represented a large portfolio of European companies and their recent developments through their cooperation with Dr. Michael Effing´s AMAC/Germany, among them Airborne (NL), Textechno (D) and Conbility (D).

As the first composites trade show worldwide since the Covid-19-crisis, the China Composites in Shanghai (September 2 to 4, 2020) took up its activity. The show counted about 600 exhibitors and over 20 000 visitors, mostly Chinese locals, attended the exhibition.

Chinese Reach Group under the lead of its president Daniel He represented a large portfolio of European companies and their recent developments through their cooperation with Dr. Michael Effing´s AMAC/Germany, among them Airborne (NL), Textechno (D) and Conbility (D).

Daniel He describes the situation: „The Chinese market is picking up again; a price increase of 7% for glass fibers was announced right before the China Composites Show, on August 25th 2020, which was even leading to a temporary material shortage. Today, the most booming industries in China are wind energy, building and infrastructure and innovation for electric cars. Unlike the rest of the world, where the aircraft industry undergoes a deep decline, in China it takes up by 50 %, which is very promising. Furthermore, we expect half a year for a full recovery of the industry, while the China growth of 2020 is still expected to be between 2 and 4 %.“

Michael Effing replied: “Enabling the composites business between China and Europe is the aim of our cooperation with Reach and with our customers, which are active in digital automatization, testing equipment or cost optimization software. We are very happy to have been present in China through our representant Reach and are looking forward to bridge and overcome the Covid-19-crisis with our upcoming event in Germany, the Composites for Europe in Stuttgart in November and hope to be back to full global business speed at the JEC in Paris in 2021.“

Source:

AMAC GmbH

Reach Group: Composites-Messe (c) REACH Group
10.09.2020

AMAC/Deutschland und REACH-Gruppe/China: erste geschäftliche Aktivität auf der Composites China Trade Show in Shanghai seit der Covid-19-Krise

Als erste Composites-Messe weltweit seit Beginn der Corona-Krise hat die China Composites in Shanghai (2. bis 4. September 2020) ihre Tätigkeit wieder aufgenommen. Die Messe verzeichnete ca. 600 Aussteller und über 20 000, größtenteils chinesische Besucher.

Unter der Leitung ihres Präsidenten Daniel He stellte die chinesische Reach Group vor Ort einige europäische Unternehmen und deren jüngste Entwicklungen aus der Kooperation mit Dr. Michael Effing´s AMAC vor, darunter Airborne (NL), Textechno (D) und Conbility (D).

Als erste Composites-Messe weltweit seit Beginn der Corona-Krise hat die China Composites in Shanghai (2. bis 4. September 2020) ihre Tätigkeit wieder aufgenommen. Die Messe verzeichnete ca. 600 Aussteller und über 20 000, größtenteils chinesische Besucher.

Unter der Leitung ihres Präsidenten Daniel He stellte die chinesische Reach Group vor Ort einige europäische Unternehmen und deren jüngste Entwicklungen aus der Kooperation mit Dr. Michael Effing´s AMAC vor, darunter Airborne (NL), Textechno (D) und Conbility (D).

Daniel He zur aktuellen Lage: "Der chinesische Markt zieht wieder an; am 25. August 2020, unmittelbar vor der China Composites Show, wurde eine Preiserhöhung von 7% für Glasfasern angekündigt, die eine vorübergehende Materialknappheit ausgelöst hat. Derzeit wachsen in China vor allem die Märkte Windenergie, Bauwesen und Infrastruktur sowie Innovationen für Elektroautos. Im Gegensatz zum Rest der Welt, wo die Flugzeugindustrie besonders unter der Krise leidet und einen starken Rückgang erfährt, wächst sie in China aktuell um etwa 50 % mit der Einführung der neuen chinesischen Flugzeugtypen C919 und CR 929, was wirklich sehr vielversprechend ist. Das Wirtschaftswachstum in China dürfte für 2020 trotz allem etwa zwischen 2 und 4 % liegen. Darüber hinaus erwarten wir im Laufe des nächsten halben Jahres eine vollständige Erholung der Composites Branche.“

Michael Effing erklärt: "Das Composites-Geschäft zwischen China und Europa weiter auszubauen ist das Ziel unserer Zusammenarbeit mit Reach und mit unseren Kunden, die in den Bereichen digitale Automatisierung, Spezialmaschinen sowie Prüfgeräte oder Software zur Kostenoptimierung tätig sind. Wir sind sehr froh, durch unseren Vertreter Reach in China präsent gewesen sein zu können. Wir freuen uns darauf, die Corona-Krise mit unserer bevorstehenden Veranstaltung Composites for Europe in Stuttgart am vom 10. bis 12. November zu überbrücken und hoffen, 2021 auf der JEC in Paris wieder in vollem globalen Geschäft zurück zu sein“.

More information:
Corona Messe Composites AMAC REACH
Source:

AMAC GmbH

First direct complete train with Austrian TENCEL™ fibers arrives in China after 16 days (c) Lenzing AG / Foto: Scheiblecker
Von Links nach Rechts: Stefan Doboczky, Vorstandsvorsitzender der Lenzing Gruppe; Erich Hampel, Vorstandsvorsitzender der B&C Privatstiftung; Leonore Gewessler, Bundesministerin für Klimaschutz, Umwelt, Energie, Mobilität, Innovation und Technologie; Erwin Cootjans, CEO Nunner Logistics; seine Exzellenz Xiaosi Li, Botschafter der Volksrepublik China in Österreich; Thomas Kargl, Vertriebsvorstand ÖBB Rail Cargo Group
09.09.2020

First direct complete train with Austrian TENCEL™ fibers arrives in China after 16 days

  • The Lenzing Group was the first Austrian company to send goods 100 percent “Made in Austria” by train directly to China.
  • The train loaded with TENCEL™ fibers reached Xinzhu station in Xi'an on September 05.

Xi’an, China – The Lenzing Group is breaking new ground due to the short-term increase in demand for sustainably produced fibers from Chinese customers. For the first time, the company delivered wood-based cellulosic fibers, which are produced at the Austrian sites in Lenzing and Heiligenkreuz, directly to China by train. Thanks to this new transport route, Lenzing is able to meet the urgent demand of its Chinese customers twice as quickly as by the usual sea freight.

  • The Lenzing Group was the first Austrian company to send goods 100 percent “Made in Austria” by train directly to China.
  • The train loaded with TENCEL™ fibers reached Xinzhu station in Xi'an on September 05.

Xi’an, China – The Lenzing Group is breaking new ground due to the short-term increase in demand for sustainably produced fibers from Chinese customers. For the first time, the company delivered wood-based cellulosic fibers, which are produced at the Austrian sites in Lenzing and Heiligenkreuz, directly to China by train. Thanks to this new transport route, Lenzing is able to meet the urgent demand of its Chinese customers twice as quickly as by the usual sea freight.

The first complete train with goods 100 percent “Made in Austria” started on August 20 in the presence of Leonore Gewessler, Federal Minister for Climate Action, Environment, Energy, Mobility, Innovation and Technology, His Excellency Xiaosi Li, Ambassador of the People's Republic of China in Austria, Stefan Doboczky, Chief Executive Officer of the Lenzing Group, Thomas Kargl, Board Member of the ÖBB Rail Cargo Group, Erwin Cootjans, Chief Executive Officer of Nunner Logistics, and Erich Hampel, Chairman of the Board of the B&C Private Foundation, at the Vienna South Terminal and reached his destination on September 05 at the Xinzhu train station in Xi'an, China. The train loaded with 41 containers with TENCEL™ branded lyocell and modal fibers and a total value of EUR 1.8 mn, passed a total of 10,460 km in seven countries: Austria, the Czech Republic, Poland, Belarus, Russia, Kazakhstan and China.

The first Lenzing fiber train was received in a grand ceremony on Tuesday, September 08 at the container terminal in Xi'an. Numerous guests, including the Austrian ambassador to China, Friedrich Stift, representatives of the Xi'an Municipal Government, the China Railway Xi'an Group, the Xi'an International Trade & Logistics Park as well as representatives of the Lenzing Group, the China National Textile and Apparel Council, Lenzing customers and the media attended the ceremony.

In his speech, Friedrich Stift, Austrian ambassador to China, emphasizes the importance of international trade and sustainable development: “The delivery of Austrian-made products through the CHINA RAILWAY Express adheres to the sustainable concept of Lenzing. Since China and Austria signed the bilateral railway cooperation agreement in 1994, the two countries have maintained good cooperation in the railway field and will continue to do so in the future. China is Austria's largest partner in Asia, and it is believed that after the outbreak of the corona crisis bilateral trade will normalize in 2021.”

“This is the first time for the Lenzing Group to deliver Austrian-made TENCEL™ branded fibers directly to Chinese customers. The Silk Road has been a main transport route between Europe and Asia since ancient times. Chinese consumers affectionately call TENCEL™ fibers ‘Silk from Heaven’. The China-Europe Express can reduce the transport time between Europe and China by half, thus meeting Chinese customer’s demand for environmentally friendly fibers more quickly”, states Hu Jian, Senior Vice President of the Lenzing Group for North Asia.

(c) Kornit Digital
02.09.2020

Kornit Digital Establishes United Kingdom Operation

Move reflects growth in largest European market, bolstering service and support capabilities, commitment to customer relationships

Kornit Digital (Nasdaq: KRNT), a market leader in digital textile printing technology, announced the creation of a new Kornit Digital UK entity, devoted exclusively to serving the United Kingdom market, the industry’s largest market in the EMEA region. By focusing the company’s resources on supporting digital print fulfillers and brands in optimizing their end-to-end operations, this move reflects Kornit’s commitment to streamlining its logistics operation and ensuring a closer relationship with its customers.

Investing in a UK-based organization will empower Kornit to address the growing need for sustainable on-demand production, and reflects the brand’s strategy of enabling proximity production. Kornit will be able to further support customers locally with resources to deliver services and value directly, with fewer logistical hurdles and personnel attuned to the challenges and demands of that region.

Move reflects growth in largest European market, bolstering service and support capabilities, commitment to customer relationships

Kornit Digital (Nasdaq: KRNT), a market leader in digital textile printing technology, announced the creation of a new Kornit Digital UK entity, devoted exclusively to serving the United Kingdom market, the industry’s largest market in the EMEA region. By focusing the company’s resources on supporting digital print fulfillers and brands in optimizing their end-to-end operations, this move reflects Kornit’s commitment to streamlining its logistics operation and ensuring a closer relationship with its customers.

Investing in a UK-based organization will empower Kornit to address the growing need for sustainable on-demand production, and reflects the brand’s strategy of enabling proximity production. Kornit will be able to further support customers locally with resources to deliver services and value directly, with fewer logistical hurdles and personnel attuned to the challenges and demands of that region.

Online retail sales in the United Kingdom nearly doubled from 2013 to 2019, reaching more than £76 billion last year—making it the third-biggest e-commerce market globally (following China and the United States).

“We’ve seen substantial growth in the United Kingdom in recent years and owe a great deal of success to our partners” said Chris Govier, Kornit Digital Managing Director—EMEA. “A dedicated UK distribution hub will ensure faster and more efficient service to our growing customer base, maximizing our customers’ uptime and productivity, and we look forward to building upon our success as the pre-eminent provider of digital print technologies to this largest of European markets.”

The reseller agreement with United Kingdom-based Adelco Screen Process Ltd. has been terminated, and Kornit will assume all these customer relationships directly. Kornit will maintain its strong partnership with Amaya, which has established a considerable footprint as textile print solutions provider to the British textile decoration community.

 

 

More information:
Kornit Digital
Source:

Kornit Digital

13.08.2020

As expected, SGL Carbon’s second quarter impacted by Corona pandemic

  • Sales and recurring EBIT significantly decreased in first half of 2020

As expected, the second quarter of SGL Carbon was impacted by the Corona pandemic, but not to the extent predicted in May when the quarterly statement for the period ended March 31, 2020 was published. Sales in the three months as per end of June decreased approximately 23 percent year-on-year, whereas Group recurring EBIT was at around 2 million euros and thus higher than anticipated. In total, SGL Carbon reached Group sales of 457 million euros in the first half year. This corresponds to a decrease of around 19 percent year-on-year. The decline is due to a pandemic-related overall weaker business development as well as expected declining developments in the market segments Battery & other Energy (GMS) and Textile Fibers (CFM) due to capacity adjustments. Group recurring EBIT was down approximately 71 percent to 11 million euros.

At a glance*:

  • Sales and recurring EBIT significantly decreased in first half of 2020

As expected, the second quarter of SGL Carbon was impacted by the Corona pandemic, but not to the extent predicted in May when the quarterly statement for the period ended March 31, 2020 was published. Sales in the three months as per end of June decreased approximately 23 percent year-on-year, whereas Group recurring EBIT was at around 2 million euros and thus higher than anticipated. In total, SGL Carbon reached Group sales of 457 million euros in the first half year. This corresponds to a decrease of around 19 percent year-on-year. The decline is due to a pandemic-related overall weaker business development as well as expected declining developments in the market segments Battery & other Energy (GMS) and Textile Fibers (CFM) due to capacity adjustments. Group recurring EBIT was down approximately 71 percent to 11 million euros.

At a glance*:

  • Sales in the second quarter approximately 23 percent below prior-year period; Group recurring EBIT of around 2 million euros was slightly better than anticipated at the presentation of the results of the first quarter 2020
  • Group sales in the first half year 2020 at almost 457 million euros and thus around 19 percent below the prior-year period; decrease in sales due to pandemic-related overall weaker business development as well as expected declining developments in the market segments Battery & other Energy (GMS) and Textile Fibers (CFM)
  • Group recurring EBIT down approximately 71 percent to 11 million euros
  • As a result of measures taken at an early stage and contrary to the normal seasonal trend, cash and cash equivalents at nearly 154 million euros as of June 30, 2020 developed very positively compared to the end of 2019
  • According to the full year forecast published on July 28, 2020, SGL Carbon expects Group sales to decline by 15 to 20 percent and a slightly positive operating recurring EBIT
  • Dr. Torsten Derr, CEO of SGL Carbon: "My ambition is to achieve lasting success with SGL Carbon. Over the past two months, we have been conducting a comprehensive analysis of our processes, structures and markets. Based on this, we will identify the options that will enable us to sustainably increase our profitability. The Corona pandemic is forcing us to act even faster."

*Please read the attached document for more information

More information:
SGL Carbon Coronakrise Umsatz
Source:

SGL CARBON SE Corporate Communications

Italian creativity merges with Chinese technological innovation to create a new capsule collection ADVANCE DENIM BY PAOLO GNUTTI (c) ADVANCE DENIM
31.07.2020

Advance Denim by Paolo Gnutti

  • Italian creativity merges with Chinese technological innovation to create a new capsule collection
     

A new era is born in the world of denim, Paolo Gnutti and Advance Denim will combine their skills to create capsule collections for both the US and Asian markets.

These collections will combine Paolo Gnutti’s artistry and Advance denim’s technological innovation to create “magical” inspiration that is with the reach of all brands.

Advance Denim has the distinction of being the oldest denim manufacturer in China and has dedicated its efforts since day one around the core beliefs of innovation , service , quality and people. These core beliefs are the foundation of their day to day focus of becoming a world leader in denim. They are also  committed to making the most sustainable denim possible and they are constantly investing in the infrastructure and systems that will help them to reach aggressive sustainability goals . Sustainability is important but Advance Denim has always been true to denim and strive to produce innovative high-quality products that exceed the needs of the market

  • Italian creativity merges with Chinese technological innovation to create a new capsule collection
     

A new era is born in the world of denim, Paolo Gnutti and Advance Denim will combine their skills to create capsule collections for both the US and Asian markets.

These collections will combine Paolo Gnutti’s artistry and Advance denim’s technological innovation to create “magical” inspiration that is with the reach of all brands.

Advance Denim has the distinction of being the oldest denim manufacturer in China and has dedicated its efforts since day one around the core beliefs of innovation , service , quality and people. These core beliefs are the foundation of their day to day focus of becoming a world leader in denim. They are also  committed to making the most sustainable denim possible and they are constantly investing in the infrastructure and systems that will help them to reach aggressive sustainability goals . Sustainability is important but Advance Denim has always been true to denim and strive to produce innovative high-quality products that exceed the needs of the market

“We are looking forward to Paolo bringing his Italian artistic aesthetics to our denim.” Said Ms. Amy Wang, General Manager of ADVANCE DENIM. “ We believe it is the combination of eastern and western design and culture that have never been offered to our customers before and will take Advance Denim to a whole new level. It is our goal to also offer these high quality designs at a competitive price from our Vietnam facility.” conclude Ms. Wang.

Paolo Gnutti, a life time dedicated to denim innovation and creativity, bases the creation of his collections following  precise themes and  stylistic contaminations. He uses indigo bases which are completely transformed thanks to the use of flocks, 3D prints, colored foils and metallic effects.

Paolo Gnutti has the ability to conceive ground breaking fashion, thanks to his incredible creativity and visionary irreverent combination that ushers in a new concept of  fashionability to the denim world.

“ My passion and my professional exploration lead me to acquire the skill needed to develop unforgettable and unique textile concepts” said Paolo Gnutti “ I’m trilled to begin this collaboration with Advance Denim. I feel that we need a new challenge in our denim world, a new era of true globalization; we will create a capsule collection that will reach all customers, from premium to the mass market.”

A new era begins, based on the evolution of the  market and the search for innovation and inspiration that is both technically performance driven and accessible to all brands.

More information:
ADVANCE DENIM Paolo Gnutti Denim
Source:

EFFE-BI SRL PR & COMMUNICATION

VDMA: Mask production: Nothing runs without textile machinery (c) VDMA Textilmaschinen
21.07.2020

VDMA: Mask production: Nothing runs without textile machinery

  • Protective masks, everyday masks, disinfecting wipes and surgical gowns are goods in demand in times of corona.
  • In their manufacture, textile machines are at the beginning of the production chain.

The production of the textile raw material is the first step of the usually multi-stage production processes. Members of the VDMA Textile Machinery Association are at the beginning of this technological chain.

The production of protective masks starts with the manufacture of the filter material, which for surgical masks as well as FFP2 and FFP3 respirator masks consists of fine-pored nonwoven fabric to intercept coronaviruses. In addition to the systems, machines and components used for this purpose, measurement and control technology ensures the highest quality of important parameters such as basis weight and air permeability. Nonwovens used for respiratory masks have to meet the same high-quality requirements as the masks – to ensure the protection of the mask wearer.

  • Protective masks, everyday masks, disinfecting wipes and surgical gowns are goods in demand in times of corona.
  • In their manufacture, textile machines are at the beginning of the production chain.

The production of the textile raw material is the first step of the usually multi-stage production processes. Members of the VDMA Textile Machinery Association are at the beginning of this technological chain.

The production of protective masks starts with the manufacture of the filter material, which for surgical masks as well as FFP2 and FFP3 respirator masks consists of fine-pored nonwoven fabric to intercept coronaviruses. In addition to the systems, machines and components used for this purpose, measurement and control technology ensures the highest quality of important parameters such as basis weight and air permeability. Nonwovens used for respiratory masks have to meet the same high-quality requirements as the masks – to ensure the protection of the mask wearer.

Members of the VDMA Textile Machinery Association have reacted to the new market requirements in a very short time and developed new technologies for knitted, warp knitted as well as woven mouth and nose masks that can be produced without the need for sewing. For surgical masks, FFP2 respirators and social distancing masks, a wide variety of other materials and combinations of materials are used (nonwovens, woven fabrics, knitted or warp knitted fabrics and laminates thereof). Elastic bands are required to wear the masks and several association members provide technologies for their production.

Materials for masks can be treated with textile chemicals to make them antiviral and antibacterial. For this purpose, the VDMA member companies offer application systems which apply the corresponding chemicals to fabric webs. As already mentioned, quality assurance is extremely important for medical products. For this purpose, member companies of the VDMA offer software systems with which each mask can be traced through the entire production process.

VDMA members also offer solutions for the assembly of respirator masks, some of which were developed at short notice. These solutions enable respirators to be produced that meet the relevant standards and the highest quality requirements of customers and market surveillance. This applies to systems for the production of surgical masks and FFP respirators. At the end of the production chain, machines are used to pack masks in single or multiple packs.

In pandemic times, the demand for protective gowns (so-called surgical gowns) also increases. The same applies to disinfecting wipes. For these textile products, too, VDMA members manufacture tailor-made machines for production through to packaging. The quality of the products is ensured by means of measurement and control technology.

In the wake of the corona crisis, VDMA Textile Machinery has launched a new series of web events called "Textile Machinery Webtalk". Here, experts from up to four VDMA member companies present their innovative technologies on a specific topic in a maximum of 90 minutes and are available to answer questions from participants. The presentations are held in English. Participation in the web events is free of charge.
Topics of the first two webtalks were:
"Technologies for the production of melt-blown nonwovens for respiratory protection masks (FFP masks and surgical masks)."
"Technologies for the production of respiratory protection masks (FFP masks and surgical masks)."

The format is well received. Around 180 people from more than 30 countries took part in the first two webtalks. With this format, the VDMA reaches both textile and nonwovens manufacturers who already manufacture these products and companies that want to invest in new business areas.

The next webtalk will take place on 23 July 2020 from 14.00 to 16.00 (CEST) on the current topic "Technology solutions to produce fully-fashioned community face masks." Experts from KARL MAYER, STOLL by KARL MAYER and Jakob Müller will be presenting their technologies for producing everyday textile masks to an international expert audience. Interested parties can register here.

Source:

VDMA Textilmaschinen

14.05.2020

SGL Carbon achieves results in line with initial expectations

No significant impact yet from Covid-19 pandemic in the first quarter 2020:

No significant impact yet from Covid-19 pandemic in the first quarter 2020:

  • Group sales revenues at 247 million euros approximately 15 percent below prior year’s level, but slightly above the guidance corridor (220 to 240 million euros) as published in March 2020
  • Decline in Group sales due to changes in the lithium-ion battery supply chain in the business unit Graphite Materials & Systems (GMS) as well as restructuring-driven lower sales in Textile Fibers in the business unit Composites – Fibers & Materials (CFM)
  • Group recurring EBIT approximately 50 percent below prior year level at 9 million euros and at the upper end of the guidance corridor (mid to high single-digit million euros amount)
  • Due to timely implemented measures and in contrast to the usual seasonal pattern, liquidity of approximately 150 million euros as of March 31, 2020 developed very favorably compared to year-end 2019 (137 million euros)
  • Dr. Michael Majerus, Spokesman of the Board of Management of SGL Carbon: “We acted decisively and took various measures at an early stage, both to ensure the safety of our employees and to mitigate the economic impact of the pandemic.”
  • Guidance for the full year 2020 remains suspended due to the impacts of the Covid-19 pandemic; decline in Group sales revenue and negative Group recurring EBIT expected for the second quarter 2020

In the first quarter 2020, SGL Carbon has not yet been significantly impacted by the Covid-19 pandemic and reached sales revenues slightly above the guidance corridor of 220 to 240 million euros published on March 12, 2020. In total, Group sales at 247 million euros was approximately 15 percent below the prior year level. The development is primarily attributable to changes in the lithium-ion battery supply chain in the business unit Graphite Materials & Systems (GMS) as well as to restructuring-driven lower sales in Textile Fibers in the business unit Composites – Fibers & Materials (CFM). As planned, Group recurring EBIT decreased by approximately 50 percent to 9 million euros and thus reached the upper end of the guidance corridor of a mid to high single-digit million euros amount.

As the global measures taken to contain the pandemic led to disruptions in production and supply chains in April and early May 2020, a significant double-digit percentage decrease in Group sales revenue and a negative Group recurring EBIT are expected for the second quarter 2020.  

SGL Carbon implemented various measures to counter the economic impact of the pandemic at an early stage. For this reason, liquidity developed very favorably compared to year-end 2019 and in contrast to the usual seasonal pattern and improved from 137 million to approximately 150 million euros.

More information:
SGL Carbon
Source:

SGL Carbon SE

30.04.2020

SANITIZED AG announces new partnership with Consolidated Pathways Inc. Midland

  • Expanding global textile and polymer business

SANITIZED AG announces that it has entered into an agreement with Consolidated Pathways Inc. Midland, Michigan USA to globally promote the Sanitized® odor-management, hygiene function and material protection technologies to brands and retailers. Consolidated Pathways will also support the advancement of the trusted Sanitized® Quality Seal and related branding concepts. The longtime co-operation between SANITIZED AG and ARCHROMA remains unchanged and is supported by the activities of Consolidated Pathways.

Consolidated Pathways acts as global brand and technical representative for the Sanitized® line of antimicrobial products. Consolidated Pathways will be focusing on commercializing Sanitized® products in textiles and will use its broad experience in polymer-based antimicrobials to extend the reach of the unique technologies that SANITIZED AG offers.

Consolidated Pathways, Inc is based in Midland, Michigan USA. The Principals of Consolidated Pathways have over two decades of experience with commercializing polymer-based antimicrobials and sustainable surface modification technologies.

  • Expanding global textile and polymer business

SANITIZED AG announces that it has entered into an agreement with Consolidated Pathways Inc. Midland, Michigan USA to globally promote the Sanitized® odor-management, hygiene function and material protection technologies to brands and retailers. Consolidated Pathways will also support the advancement of the trusted Sanitized® Quality Seal and related branding concepts. The longtime co-operation between SANITIZED AG and ARCHROMA remains unchanged and is supported by the activities of Consolidated Pathways.

Consolidated Pathways acts as global brand and technical representative for the Sanitized® line of antimicrobial products. Consolidated Pathways will be focusing on commercializing Sanitized® products in textiles and will use its broad experience in polymer-based antimicrobials to extend the reach of the unique technologies that SANITIZED AG offers.

Consolidated Pathways, Inc is based in Midland, Michigan USA. The Principals of Consolidated Pathways have over two decades of experience with commercializing polymer-based antimicrobials and sustainable surface modification technologies.

 

Source:

Sanitized AG

Logo AMAC
AMAC und REACH agree on cooperation
20.04.2020

Strategic Cooperation between REACH and AMAC

Strategic Cooperation in Advanced Materials and Composite Machine Technologies between REACH Group/China and AMAC/Germany

A close cooperation, especially in difficult times like the Covid-19 crisis, is more and more important for sustainable success. Today, Reach Group/China and AMAC/Germany signed a cooperation agreement to
strengthen their business between China and Europe in the field of advanced materials and composite machine technologies.

Reach Group, based in Shanghai is a comprehensive group company present in the composite industry since 1996. AMAC is an expert advisor and business enabler in composite solutions based in Aachen, Germany.
Now the companies want to cooperate in the field of materials on Thermoplastic composites, bio-based materials, materials for additive manufacturing, additives for high performance and in the field of composite machine technologies on tape placement solutions, continuous lamination machines, 3D-printing as well as on advanced automated thermoset processing.

The cooperation will be presented at the next China Composite Expo on September 2-4, 2020 in Shanghai.

Strategic Cooperation in Advanced Materials and Composite Machine Technologies between REACH Group/China and AMAC/Germany

A close cooperation, especially in difficult times like the Covid-19 crisis, is more and more important for sustainable success. Today, Reach Group/China and AMAC/Germany signed a cooperation agreement to
strengthen their business between China and Europe in the field of advanced materials and composite machine technologies.

Reach Group, based in Shanghai is a comprehensive group company present in the composite industry since 1996. AMAC is an expert advisor and business enabler in composite solutions based in Aachen, Germany.
Now the companies want to cooperate in the field of materials on Thermoplastic composites, bio-based materials, materials for additive manufacturing, additives for high performance and in the field of composite machine technologies on tape placement solutions, continuous lamination machines, 3D-printing as well as on advanced automated thermoset processing.

The cooperation will be presented at the next China Composite Expo on September 2-4, 2020 in Shanghai.

Source:

AMAC

02.04.2020

SGL Carbon SE suspends guidance for the current fiscal year

The previously communicated targets for 2020 are unlikely to be achieved due to the COVID-19 pandemic

The Board of Management of SGL Carbon SE determined today, that the forecasted results for the fiscal year 2020 are unlikely to be achieved due to the global COVID-19 pandemic. In light of the substantial uncertainty regarding the duration and the consequences of the COVID-19 pandemic, the Board of Management is currently unable to provide a reliable sales revenue and earnings forecast for the current year. Consequently, the guidance for 2020 is suspended. 

The previously communicated targets for 2020 are unlikely to be achieved due to the COVID-19 pandemic

The Board of Management of SGL Carbon SE determined today, that the forecasted results for the fiscal year 2020 are unlikely to be achieved due to the global COVID-19 pandemic. In light of the substantial uncertainty regarding the duration and the consequences of the COVID-19 pandemic, the Board of Management is currently unable to provide a reliable sales revenue and earnings forecast for the current year. Consequently, the guidance for 2020 is suspended. 

The previous expectation, which guided for a slightly lower sales revenue und a recurring EBIT1 approximately 10-15% below the prior year (sales revenue 2019: €1,087m; recurring EBIT 2019: €48m), was already made conditional by the Board of Management in the management report published on March 12, 2020, that negative effects from the coronavirus were not included, as the outbreak at that time was mainly restricted to China and Italy. In the meantime, numerous other governments have introduced far-reaching measures with substantial limitations on the public and economic sectors and leading economists now forecast significant reductions in economic output in key economies. 

The Board of Management of SGL Carbon has introduced and partially already implemented comprehensive measures to reduce the cost base and to secure liquidity. These measures include the introduction of short-time work, reduction of material and indirect spend, as well as further reduction resp. postponement of capital expenditures. In addition, we are exploring further financing options independent of the capital markets, some of which are already in preparation. The Company is intensively working on identifying and mitigating potential risks. 

More information:
SGL Carbon Coronavirus
Source:

SGL Carbon

Face Mask Production in Denim Expert Ltd (c) Denim Expert Ltd
Face Mask Production in Denim Expert Ltd
26.03.2020

Denim Expert Ltd are producing facing mask for safety issue

  • Bangladeshi supplier offers production capacity to produce face masks and PPE on a non-profit basis
  • Reaching out to global agencies to build partnerships to help tackle COVID-19 crisis
  • “Now is the time for our whole industry to stand together”

A leading Bangladeshi garment manufacturer is offering the manufacturing capacity of his world-class facility for the production of protective face masks and Personal Protective Equipment (PPE) on a non-profit basis to help tackle the COVID-19 global pandemic.

Denim Expert Limited Managing Director, Mostafiz Uddin, has reached out to the global community including brands & retailers, governments, embassies, donors, development agencies, global apparel associations and bodies in these unprecedented times.

Mr. Uddin is offering the capacity, skills and production expertise of his factory and wants to develop partnerships to meet much-needed short-term demand for masks and PPE in the battle against COVID-19.

  • Bangladeshi supplier offers production capacity to produce face masks and PPE on a non-profit basis
  • Reaching out to global agencies to build partnerships to help tackle COVID-19 crisis
  • “Now is the time for our whole industry to stand together”

A leading Bangladeshi garment manufacturer is offering the manufacturing capacity of his world-class facility for the production of protective face masks and Personal Protective Equipment (PPE) on a non-profit basis to help tackle the COVID-19 global pandemic.

Denim Expert Limited Managing Director, Mostafiz Uddin, has reached out to the global community including brands & retailers, governments, embassies, donors, development agencies, global apparel associations and bodies in these unprecedented times.

Mr. Uddin is offering the capacity, skills and production expertise of his factory and wants to develop partnerships to meet much-needed short-term demand for masks and PPE in the battle against COVID-19.

Those willing to partner with him and wishing to utilize his production capacity would only be asked to provide fabrics and raw materials as well as meeting workers’ wages.

More information:
Denim Expert Ltd.
Source:

Denim Expert Ltd