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Monforts texCoat coating system (c) Monforts / AWOL Media
06.10.2020

Monforts at Innovate Textile & Apparel (ITA) 2020

During the Innovate Textile & Apparel (ITA) virtual textile machinery show which will run from October 15th-30th 2020, Monforts will be emphasising its leadership position in three key fields – advanced coating, denim finishing and fabric sanforizing.

With its multi-head capability, the latest Monforts texCoat coating system provides flexibility with an unprecedented range of options and a wide range of modules available.

Refinements
“Since we acquired the coating technology that our systems are based on we have made a lot of refinements and all of them are reflected in higher coating accuracy and the resulting quality of the treated fabrics,” says Monforts Head of Technical Textiles, Jürgen Hanel.
“Our systems have the shortest fabric path from the coating unit into the stenter and we have all variations of coating application systems too – and all of these options are available in wider widths, with the engineering and manufacturing from a single source here in Europe.”

During the Innovate Textile & Apparel (ITA) virtual textile machinery show which will run from October 15th-30th 2020, Monforts will be emphasising its leadership position in three key fields – advanced coating, denim finishing and fabric sanforizing.

With its multi-head capability, the latest Monforts texCoat coating system provides flexibility with an unprecedented range of options and a wide range of modules available.

Refinements
“Since we acquired the coating technology that our systems are based on we have made a lot of refinements and all of them are reflected in higher coating accuracy and the resulting quality of the treated fabrics,” says Monforts Head of Technical Textiles, Jürgen Hanel.
“Our systems have the shortest fabric path from the coating unit into the stenter and we have all variations of coating application systems too – and all of these options are available in wider widths, with the engineering and manufacturing from a single source here in Europe.”

CYD
Denim finishing is meanwhile a field in which Monforts has an undisputed lead and it has been working closely with its many partners in the key denim manufacturing countries of Bangladesh, Brazil, China, India, Mexico Pakistan and Turkey to develop advanced solutions. The latest of these is the CYD yarn dyeing system.
“CYD is based on the proven Econtrol® dyeing system for fabrics*,” explains Monforts Head of Denim Hans Wroblowski. “It integrates new functions and processes into the weaving preparatory processes – spinning, direct beaming, warping and assembly beaming, followed by sizing and dyeing – in order to increase quality, flexibility, economic viability and productivity. The CYD system has been developed in response to a very strong market demand.”

Pre-shrinking
Monforts has also recently delivered a significant number of its latest Monfortex sanforizing lines to customers around the world.
Sanforizing is vital to final fabric quality, pre-shrinking it by compressing prior to washing, to limit any residual or further shrinkage in a made-up finished garment to less than 1%, for perfect comfort and fit over an extended lifetime.

As with industry-leading Montex stenters, Monfortex lines benefit from the latest Qualitex 800 control system which allows all parameters to be easily automated via the 24-inch colour touchscreen, including production speed, control of all fabric feed devices, rotation spray or steaming cylinder options, the width of the stretching field and the rubber belt pressure. Up to 10,000 separate process parameter records can be generated and stored by the data manager.

 

*Econtrol® is a registered mark of DyStar Colours Distribution GmbH, Germany.

Baldwin Technology (c) Baldwin Technology Company Inc. / Barry-Wehmiller
29.09.2020

Customers invited to learn about Baldwin’s finishing systems at virtual textile events

Baldwin Technology Company Inc. will be offering two virtual opportunities for customers to learn more about the company’s innovative non-contact spray finishing systems. These technologies will be showcased in October during an in-depth webinar event, as well as during the Innovate Textile and Apparel Virtual Trade Show.

The interactive and free webinar “How to Deliver Sustainability with Non-Contact Spray” will be held twice on October 13, with a recording provided for all who register for later viewing. During this event, industry veteran Rick Stanford, Baldwin’s Business Development Leader for textiles, will discuss the sustainable functionality of the Precision Spray and Ahlbrandt Rotor Spray technologies.

Baldwin Technology Company Inc. will be offering two virtual opportunities for customers to learn more about the company’s innovative non-contact spray finishing systems. These technologies will be showcased in October during an in-depth webinar event, as well as during the Innovate Textile and Apparel Virtual Trade Show.

The interactive and free webinar “How to Deliver Sustainability with Non-Contact Spray” will be held twice on October 13, with a recording provided for all who register for later viewing. During this event, industry veteran Rick Stanford, Baldwin’s Business Development Leader for textiles, will discuss the sustainable functionality of the Precision Spray and Ahlbrandt Rotor Spray technologies.

The Innovate Textile and Apparel Virtual Trade Show will take place online October 15 to 30. In Baldwin’s virtual booth, the company will showcase its non-contact spray systems for finishing and remoistening. Its TexCoat G4, TexMoister G2 and Ahlbrandt Rotor Spray technologies are designed to save chemistry, time and production costs, while enabling sustainable textile production.

“We are excited to present our revolutionary non-contact spray systems during the webinar and the virtual Innovate Textile and Apparel show,” said Stanford. “Participants will learn how non-contact spray has become a game-changing technology in sustainable textile finishing. It dramatically cuts chemical waste and energy consumption, while increasing productivity and quality. We will show attendees how our systems work and in what applications they are ideal for, as well as take questions. These are great opportunities to experience innovations that drastically improve both the process and product quality, while saving time and chemistry, and contributing to a more sustainable future.”

More information:
spray application
Source:

Baldwin Technology Company Inc. / Barry-Wehmiller

(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

Intertextile Shanghai Home Textiles 2020 concluded successfully: online and offline platforms met sourcing demands    (c) Messe Frankfurt (HK) Co Ltd
ITSH20 Fairground
27.08.2020

Intertextile Shanghai Home Textiles 2020 concluded successfully: online and offline platforms met sourcing demands

The 26th edition of Intertextile Shanghai Home Textiles concluded on 26 August, following a successful three-day run at the National Exhibition and Convention Center (Shanghai). It was Messe Frankfurt’s first event to take place in Shanghai in 2020 following disruptions from the pandemic. Amid the challenges presented by the pandemic, this year’s fair provided a vital opportunity for the international home and contract textile industries to source and reconnect through virtual and in-person meetings. Offering a comprehensive range of home and commercial textile products, the fair welcomed over 600 exhibitors and attracted more than 25,000 trade buyers.

The 26th edition of Intertextile Shanghai Home Textiles concluded on 26 August, following a successful three-day run at the National Exhibition and Convention Center (Shanghai). It was Messe Frankfurt’s first event to take place in Shanghai in 2020 following disruptions from the pandemic. Amid the challenges presented by the pandemic, this year’s fair provided a vital opportunity for the international home and contract textile industries to source and reconnect through virtual and in-person meetings. Offering a comprehensive range of home and commercial textile products, the fair welcomed over 600 exhibitors and attracted more than 25,000 trade buyers.

Speaking as the fair concluded, Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd commented: “Intertextile has always been dedicated to providing an ideal platform for the international home textile industry and we are delighted to continue to do so during these unprecedented, challenging times. In view of the current global travel restrictions, this year’s fair offered a series of digital tools in addition to the traditional exhibition, allowing the fair to reach as wide an audience as possible. We are glad that this new format was highly recognised by the participating exhibitors and buyers alike.”

“Whilst economic activity in China is progressively recovering and domestic consumption continues to grow, the country’s exports are taking longer to rebound,” Ms Wen added. “One of the main objectives of this year’s fair was to connect domestic and international suppliers and buyers who are eager to make personal contacts and get back to business. As evidenced by feedback from numerous exhibitors and visitors, the fair has been able to help and support the industry’s recovery, so we are delighted with the results.”

Online business matching platform connected worldwide companies
 
In view of the current international travel restrictions, this year’s fair launched a brand new online business matching platform, which connected around 200 buyers from over 50 countries and regions to 60 exhibitors. The platform introduced multiple new functions, such as live-stream product presentations and a real-time chat platform to better facilitate business exchanges between suppliers and buyers from around the world. One exhibitor participating in the platform was Suzhou Roufang Textile Technology Co Ltd. “Yesterday we had a live-stream product presentation, which attracted around 200 buyers. The online platform is useful for us as we could showcase our new products and design concepts to overseas buyers, and let them know that we are still here to serve them,” the company’s Business Manager Ms Yu Qian Ru explained.

Mr Azam Osman, Manager of the Factory Depot (Pty) Ltd from South Africa expressed his satisfaction about the online platform: “I am glad that the fair provided the online business matching service where I have seen a lot of quality furniture and decorative fabric exhibitors. I’m interested in connecting with them.” Another buyer, Ms Elena Freyuk from Ziptown Trading Inc. said: "I am pleased that the fair offered both live-stream and video recording product presentations as I was unable to watch the live presentation due to time difference. The services were very thoughtful!”

A source of inspiration for the industry
 
To ensure fairgoers can discover the latest design and industry trends and insights, this year’s fringe programme presented a series of high quality events, covering the industry’s hottest topics. Some of the highlights included the 2021 Intertextile Trend Forum, which was led by Shen Lei, the Chinese representative of the Intertextile International Lifestyle Trend Committee. The forum brought together five prominent Chinese designers including Ben Chen, Ben Wu, Meng Ye, Paul Pang and Xie Ke, who presented an in-depth interpretation of the theme of 2021 Intertextile Trends, “BOUND”. Other events included Ride the Storm – Home Textile Digital Printing Forum, Tmall Seminar on industry digitalisation, Furniture & Home Textile Direct Negotiation Event and more.

New Monfortex line part of a long-term vision for Kettelhack (c) Monforts
The Monfortex sanforizing line with integrated Qualitex 800 control has now been operational at Kettelhack’s plant in Rheine, Westphalia, for a number of months.
24.08.2020

New Monfortex line part of a long-term vision for Kettelhack

  • Kettelhack GmbH – a German leader in the dyeing and finishing of monochrome fabrics for high-quality and durable workwear and bed linen – has this year retired its existing Monforts sanforizing line after 35 years of daily service, replacing it with a new one.

The first line was installed in 1985 during a decisive time for the company.

Taking the helm in the early 1980s, Jan Kettelhack – the current CEO, owner and great grandson of Heinrich Kettelhack who founded the company back in 1874 – made a number of decisions that have secured its success over the following decades.

In 1982 Kettelhack had to vacate its existing plant in the city of Rheine due to urban development restrictions and despite a general sense of crisis in the European textile industry at that time, opted to relocate and build a new highly automated plant that was not reliant on mechanical and personnel-intensive processes. This was aligned with a greater focus on competitive international sales.

  • Kettelhack GmbH – a German leader in the dyeing and finishing of monochrome fabrics for high-quality and durable workwear and bed linen – has this year retired its existing Monforts sanforizing line after 35 years of daily service, replacing it with a new one.

The first line was installed in 1985 during a decisive time for the company.

Taking the helm in the early 1980s, Jan Kettelhack – the current CEO, owner and great grandson of Heinrich Kettelhack who founded the company back in 1874 – made a number of decisions that have secured its success over the following decades.

In 1982 Kettelhack had to vacate its existing plant in the city of Rheine due to urban development restrictions and despite a general sense of crisis in the European textile industry at that time, opted to relocate and build a new highly automated plant that was not reliant on mechanical and personnel-intensive processes. This was aligned with a greater focus on competitive international sales.

From 1986, the company’s proficiency as a specialist in solid-colour textiles led to workwear textiles becoming a bedrock of the business. Continuous investments in machinery and technical equipment have resulted in a fully integrated and rationalised single source site dedicated solely to what the company does best – the expert dyeing and finishing of textiles.

Crucial process steps

These stages in the textile value-added chain, Jan Kettelhack has observed, are crucial to the quality of a final product in workwear – whether it stands the test in everyday use, how comfortable it is, and how many washes it can withstand.

Central to this is the sanforizing process, which pre-shrinks a fabric by compressing it prior to washing. This limits any residual or further shrinkage in a made-up finished garment to less than 1%, to ensure perfect comfort and fit over an extended lifetime.

“We certainly can’t complain about the performance of the old Monfortex sanforizing line which gave us so many uninterrupted years of service, but certain spare parts for it were becoming increasingly hard to source, the control unit was becoming a little unstable and we couldn’t risk potential interruptions to our production schedule,” says Kettelhack plant manager Hendrik Pleimann. “In many ways, the new Monfortex sanforizer is much the same as the old one in terms of its mechanical reliability and robust construction, but of course today’s drives are much more efficient, and when it comes to the automation features and control units – and the data we can generate and analyse for increasing efficiency – that’s a whole new world.”

Qualitex 800

The two-metres-wide Monfortex line benefits from the latest Qualitex 800 control system which allows all parameters to be easily automated via the 24-inch colour touchscreen, including production speed, control of all fabric feed devices, rotation spray or steaming cylinder options, the width of the stretching field and the rubber belt pressure.

The integrated Compactomat system allows a continuous indication and control of the shrinkage values and the temperatures of the shrinking cylinder and felt calender. Up to 10,000 separate process parameter records can be generated and stored by the data manager.

Full line management can be optimised via the batch-specific calculation of all process material consumption and water and electricity use, with any standstill times analysed and immediately corrected for the future.

Any further assistance required is available via Monforts Teleservice, with direct connection to technicians and virtual access to machine analysis.

Professional

Commissioning of the new Monfortex line at Kettelhack commenced in January and it was fully operational in a relatively short time.

“This was a very professional installation provided by the Monforts team with whom we have a very good relationship dating back many years, and everyone knew what was required from both sides,” says Mr Pleimann. “Our operators have found the new line very user friendly and we are very pleased with how everything proceeded so smoothly. An unexpected benefit is that the new line is also a lot quieter, of course, which is something our operatives are appreciating.”

Key features of the Monfortex line are the proven fabric preparation, weft straightening and spreading units, prior to the compressive shrinkage machine with a 750mm shrinking cylinder, and a felt calender equipped with 2,000mm diameter drying cylinder. The line also features an integrated automatic grinding unit.

Customer service

Kettelhack is processing primarily cotton and polyester woven fabrics, with lyocell becoming increasingly popular in workwear for its softness and comfort.

As part of its customer service, the company stocks more than a million metres of grey fabric and at least 1.2 million metres of finished and rolled standard fabric in its warehouse at any one time, with a further 750,000 metres permanently in production.

While a significant cost, this commitment ensures Kettelhack customers can be fully flexible and rely on it as a partner.

“As a family-run company with around a hundred employees, Kettelhack operates very differently to bigger businesses which have to constantly consider their immediate quarterly profits,” Mr Pleimann concludes. “The thinking at Kettelhack is in terms of the next twenty years and ensuring that the business will be just as successful for the next generation as it is today. We also have a very flat organisational structure in which everyone is involved and takes an active part, which makes it a very nice place to work.”

Source:

On behalf of A. Monforts Textilmaschinen GmbH & Co. KG by AWOL Media.

Intertextile Shanghai Home Textiles 2020 opens next Monday: new digital tools complement in-person meetings   (c) Intertextile Shanghai Home Textiles
Intertextile Shanghai Home Textiles 2020
21.08.2020

Intertextile Shanghai Home Textiles 2020 opens next Monday: new digital tools complement in-person meetings

Asia’s leading trade platform for the home and contract textile industry, Intertextile Shanghai Home Textiles, is ready to welcome over 600 exhibitors to China’s commercial hub from 24 – 26 August. As China’s economy continues its recovery, the upcoming fair will serve as a key platform for the industry to reconnect and prepare for the seasons ahead. Taking consideration of current international travel restrictions, Intertextile has launched a brand new online business matching platform, enabling participation for those who cannot travel to Shanghai.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd commented: “2020 has been a difficult and unpredictable year for every business and industry across the world, so we are pleased to be providing a platform for the home textile industry to connect and recover from the coronavirus pandemic. Intertextile Shanghai Home Textiles is the first physical trade event for the sector held by Messe Frankfurt since January, so we hope that the fair assists the sector to join forces and overcome this challenging year together.”

Asia’s leading trade platform for the home and contract textile industry, Intertextile Shanghai Home Textiles, is ready to welcome over 600 exhibitors to China’s commercial hub from 24 – 26 August. As China’s economy continues its recovery, the upcoming fair will serve as a key platform for the industry to reconnect and prepare for the seasons ahead. Taking consideration of current international travel restrictions, Intertextile has launched a brand new online business matching platform, enabling participation for those who cannot travel to Shanghai.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd commented: “2020 has been a difficult and unpredictable year for every business and industry across the world, so we are pleased to be providing a platform for the home textile industry to connect and recover from the coronavirus pandemic. Intertextile Shanghai Home Textiles is the first physical trade event for the sector held by Messe Frankfurt since January, so we hope that the fair assists the sector to join forces and overcome this challenging year together.”

Ms Wen continued: “Our first priority is to create a clean and hygienic space for all participants to source and network. To achieve this goal, the fair will implement extra health care and hygiene precautions onsite. On the other hand, we are aware that a number of travel restrictions are still in place across the world. With this in mind, Intertextile will offer a series of online services for those who are unable to travel to Shanghai, allowing the fair to reach as wide an audience as possible.”

2020 fair highlights

To provide buyers with greater efficiency, the fair, which covers four halls, will be divided clearly by product categories: Household Hall (hall 3), International Brands / Upholstery Hall (hall 4.1), Brand Fabrics Hall (hall 5.1) and Sofa Fabrics Hall (hall 6.1).

In addition, the Contract Business 360° concept will return this year, with over 40 premier upholstery exhibitors presenting their latest textile products and furnishing solutions for contract use. Exhibitors include Guangzhou Yuanzhicheng Home Textile, Haining Julai Textile, JAB, Morgan Shanghai, Symphony Mills, Suzhou Roufang, Ter Molst International, Zhejiang Hexin and Zhejiang Maya Fabric. Furthermore, top brands such as Agmamito from Poland and Wollsdorf Leather from Austria will be exhibiting for the first time at Intertextile.

Online business matching platform offers new sourcing landscape

Although face-to-face interaction is irreplaceable, a virtual complement has become more important as a result of the worldwide pandemic. To support the industry during these unprecedented times, Intertextile has launched a brand new online business matching platform. With this free service, participants are able to source and network at their fingertips. The virtual platform will offer many new features including:

  • Easy sourcing: exhibitors are categorised by product groups including Sofa / Decorative Fabrics, Curtains and Accessories, Bedding and Finished products, Shading and Accessories, and Editors
  • Live-streamed product presentations of exhibitors
  • Smart recommendations: pre-selected exhibitor lists will be provided to buyers based on their personal preferences and interests
  • Convenience: participants are able to use the service through computers or portable devices without the need to download any software

High quality fringe programme covers comprehensive topics
 
The fair’s event programme will once again provide the industry with the latest trends and insights in four topics: Design Inspiration, Business O2O, Textile & Technology and Industry Empowerment. One of the highlights will be the 2021 Intertextile Trend Forum, led by Shen Lei, the Chinese representative of the Intertextile International Lifestyle Trend Committee. The forum will bring together five prominent Chinese designers including Ben Chen, Ben Wu, Meng Ye, Paul Pang and Xie Ke, who will delve into the theme of 2021 Intertextile Trends–“BOUND”, as well as the Chinese market conditions. The event will be held on day 1 of the fair, from 14:00 – 17:00 in hall 5.1 booth C18, and streamed live online.

Another not-to-be-missed event is the Ride the Storm – Home Textile Digital Printing Forum, which will include an array of educating seminars that cover the latest digital textile printing trends and technologies. The forum will be held on day 2 of the fair, from 13:20 – 17:20 in hall 3, booth M12.

Furthermore, joining forces with Tmall Global, the largest cross border B2C online retail platform in China, the fair will host a series of seminars delivering the solutions and strategies for industry digitalisation during the afternoon of day 1. In addition, the well-received Furniture & Home Textile Direct Negotiation Event will return to provide an excellent opportunity for furniture companies and fabric brands to collaborate.

Additional health care and hygiene precautions will be in place

As trade fair co-organisers, Messe Frankfurt’s number one priority always remains the health and safety of fairgoers. To maintain a clean and hygienic environment for visitors and exhibitors to meet in, extra measures will be in practice at the fair. These include: real-name registration, onsite temperature checks, frequent sterilisation of public areas and distancing measures for forum / seminar audiences, amongst others.

30.07.2020

Tata Communications delivers strong performance

  • Tata Communications announces its financial results for the quarter ended June 30th, 2020

Commenting on the results, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, “We have started this new financial year with strong performance amidst an uncertain and unpredictable economic environment. Digital is increasingly defining and shaping the experiences in this new world. It will become even more strategically core as businesses look to adopt new ways of working and transform how they operate, and how they engage with their audiences and with each other. We continue to be a key partner for our customers as they look to now focus on business recovery, acceleration, and growth.
Our new proposition, Secure Connected Digital Experience, is aimed at enabling customers to adopt new digital working models by providing a holistic ecosystem of solutions that are suited for this digital-first environment and are built for the long term. We’re seeing good interest in the market for these solutions. We remain focused on our strategy to deliver profitable growth and to be a preferred digital partner to our customers.”

  • Tata Communications announces its financial results for the quarter ended June 30th, 2020

Commenting on the results, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, “We have started this new financial year with strong performance amidst an uncertain and unpredictable economic environment. Digital is increasingly defining and shaping the experiences in this new world. It will become even more strategically core as businesses look to adopt new ways of working and transform how they operate, and how they engage with their audiences and with each other. We continue to be a key partner for our customers as they look to now focus on business recovery, acceleration, and growth.
Our new proposition, Secure Connected Digital Experience, is aimed at enabling customers to adopt new digital working models by providing a holistic ecosystem of solutions that are suited for this digital-first environment and are built for the long term. We’re seeing good interest in the market for these solutions. We remain focused on our strategy to deliver profitable growth and to be a preferred digital partner to our customers.”

Commenting on the results, Pratibha K. Advani, Chief Financial Officer, Tata Communications, said, “We have registered another quarter of strong growth. Data portfolio, which has been the key driver for our business, recorded a double-digit growth of 10% YoY with robust margin expansion of 460 Bps.

Enterprise business has also shown a healthy increase in the quarter, on the back of strong growth in India as well as the international markets, with India growing by 6.7% and international by 8.3% YoY. We continue to drive cost efficiencies in our business and with every successive quarter, we are improving our financial fitness.

Highlights

  • Strong growth in Data business; revenue grew by +10% YoY on the back of robust performance across all segments, despite an uncertain economic environment.
  • Data EBITDA was at INR 975 crore; up +32.4% YoY on the back of margin expansion of 460 Bps YoY led by cost efficiency initiatives.
  • Due to lockdown and remote working, we are witnessing increased bandwidth usage and higher collaboration traffic. Enterprises have upgraded their capacities and are consuming more data to support this work model. Consequently, our India enterprise business grew by 6.7% YoY and international enterprise business grew by 8.3% YoY on the back of strong demand. This has led to increase in both revenue and profitability.
  • Consolidated revenue was at INR 4,403 crore; growth of +5.6% YoY on the back of strong growth in Data business.
  • Consolidated EBITDA at INR 1,042 crore; increase of +26.2% YoY and margin expansion of 390 Bps on the back of strong profitable growth in data business and focus on cost efficiencies.
  • Consolidated PAT at INR 258 crore as compared to a profit of INR 77 crore in Q1 FY20; growth of +236% YoY.
  • CAPEX for this quarter was INR 372 crore as compared to INR 342 crore in Q4 FY20.

*Please read the attached document for more information

More information:
Tata Communications
Source:

Tata Communications-Presseteam @ Harvard Engage

Archroma starts production of hand sanitizers to help fight COVID-19. © 2020 Archroma
Archroma starts production of hand sanitizers to help fight COVID-19.
13.07.2020

ARCHROMA Starts Production of Hand Sanitizers to Help Fight COVID-19

As part of its active engagement in the fight against COVID-19, Archroma, a global leader in color and specialty chemicals towards sustainable solutions, started bulk production of a new range of hand sanitizers at its Landhi site in Pakistan in May 2020. The new Kieralon® HS range was developed by the R&D team at the Archroma Center of Excellence in Karachi, in line with the World Health Organization (WHO) recommendations.

Sanitizers are currently in high demand in Pakistan in hospitals, isolation centers, medical institutes and other health care environments, due to the COVID-19 outbreak. The use of sanitizers has also been made mandatory in all factories, offices and public places, driving the demand even higher.

The Kieralon® HS range is being produced in different grades and concentrations to eliminate a broad range of germs, bacteria and viruses, to cater for various healthcare and hygiene requirements. They also include emollients and display non-stick and quick drying effect, for skin comfort.

As part of its active engagement in the fight against COVID-19, Archroma, a global leader in color and specialty chemicals towards sustainable solutions, started bulk production of a new range of hand sanitizers at its Landhi site in Pakistan in May 2020. The new Kieralon® HS range was developed by the R&D team at the Archroma Center of Excellence in Karachi, in line with the World Health Organization (WHO) recommendations.

Sanitizers are currently in high demand in Pakistan in hospitals, isolation centers, medical institutes and other health care environments, due to the COVID-19 outbreak. The use of sanitizers has also been made mandatory in all factories, offices and public places, driving the demand even higher.

The Kieralon® HS range is being produced in different grades and concentrations to eliminate a broad range of germs, bacteria and viruses, to cater for various healthcare and hygiene requirements. They also include emollients and display non-stick and quick drying effect, for skin comfort.

In April 2020, Archroma announced the introduction in Brazil of Mowiplus® HPC 9600, a new thickener for sanitizing gels, developed to address the global shortage in the thickener traditionally used for sanitizing gels.

Archroma is also actively supporting manufacturers in the production of face masks and medical protective equipment. Its antimicrobial and barrier products in particular are in high demand, and Archroma is making every effort to assist existing and new customers entering this sector by providing technical know-how and support.

The company is supporting producers of packaging & paper who are facing high demand for food packaging as many restaurants have switched to delivery or take-away, as well as for parcels and boxes supporting online shopping.

Mujtaba Rahim, CEO of Archroma Pakistan comments, “Within Archroma we are cognizant of the acute community need for high quality hygiene products that are also comfortable for users, as hand sanitizers tend to be harsh on the skin, so we took on the challenge to develop and start production in record time. The Archroma team in Pakistan won’t rest in fighting the COVID-19 pandemic, and hopes this new product will help to stop the spread of the virus and the suffering that it causes.”

Source:

EMG for Archroma

Oerlikon Nonwoven meltblown technology meanwhile in demand across the globe (c) Oerlikon
Daniel Günther (2nd from left), Schleswig-Holstein’s Minister President, together with Rainer Straub, Head of Oerlikon Nonwoven, Matthias Pilz, Head of Oerlikon Neumag, and Matthias Wäsch, Chairman of the Works Council, at the tour of the Neumünster site where the Oerlikon Nonwoven meltblown technology – currently in huge demand across the globe – is manufactured.
08.07.2020

Oerlikon Nonwoven meltblown technology meanwhile in demand across the globe

  • Schleswig-Holstein Minister President visits Neumünster, Germany


Since the outbreak of the coronavirus pandemic, the worldwide demand for protective masks and apparel has resulted in a record number of new orders in the high double-digit millions of euros at the Oerlikon Nonwoven business unit of the Swiss Oerlikon Group. From the manufacturing site in Neumünster, Germany, the high-tech meltblown systems – with their patented ecuTE+ nonwovens electro-charging technology – are meanwhile be exported all over the world. For the very first time, a contract has now been signed with a business in Australia. Today, Schleswig-Holstein’s Minister President Daniel Günther was won over on site by the technology of a ‘global player’. Rainer Straub, Head of Oerlikon Nonwoven, was thrilled, stating: “The machines and systems for manufacturing manmade fiber and nonwovens solutions from Neumünster enjoy an outstanding reputation throughout the world. It is especially in this crisis that the technology from Schleswig-Holstein has proven itself to be absolutely world-class.”

  • Schleswig-Holstein Minister President visits Neumünster, Germany


Since the outbreak of the coronavirus pandemic, the worldwide demand for protective masks and apparel has resulted in a record number of new orders in the high double-digit millions of euros at the Oerlikon Nonwoven business unit of the Swiss Oerlikon Group. From the manufacturing site in Neumünster, Germany, the high-tech meltblown systems – with their patented ecuTE+ nonwovens electro-charging technology – are meanwhile be exported all over the world. For the very first time, a contract has now been signed with a business in Australia. Today, Schleswig-Holstein’s Minister President Daniel Günther was won over on site by the technology of a ‘global player’. Rainer Straub, Head of Oerlikon Nonwoven, was thrilled, stating: “The machines and systems for manufacturing manmade fiber and nonwovens solutions from Neumünster enjoy an outstanding reputation throughout the world. It is especially in this crisis that the technology from Schleswig-Holstein has proven itself to be absolutely world-class.”

In addition to a tour of the meltblown system and its assembly and production facilities, the visit by Minister President Daniel Günther had one purpose above all: the dialog between politicians and business. Rainer Straub, Head of Oerlikon Nonwoven, and Matthias Pilz, Head of Oerlikon Neumag, jointly expressed their thanks for the support that Oerlikon has repeatedly had the fortune to experience over the past months and years in Schleswig-Holstein and looked to the future full of hope. “As a result of our additional investment at the site here in Neumünster – be this in our new technology center that will be completed by the end of this year or in our new logistics center that is already operating – we, as one of the region’s largest employers, are continuing to move forward, supported by a State Government that is also focusing on both promoting industry and business and on advancing an efficient training and educational system, as innovation is only possible with outstanding engineers”, stated Matthias Pilz. And Rainer Straub directed his appeal specifically at the Minister President: “Treat education and training as a priority. Ultimately, they will secure the future of Schleswig-Holstein as a center of excellence and manufacturing!”

Five-million-euro digitalization program

Daniel Günther, the incumbent Minister President of Schleswig-Holstein since 2017, immediately responded, making reference to one of the Federal State’s current training initiatives: “The State Government is supporting higher education institutions and students in the present coronavirus crisis. With a five-million-euro digitalization program, we are investing on the long-term digitalization of our higher education institutions. With this, we are overall creating a future for young people, particularly also for those who could very well go on to invent the next generation of manmade fiber systems.” And the Minister President was just as impressed by the willingness and readiness with which Oerlikon has been providing high-level support since the beginning of the COVID-19 pandemic to master the present challenges as he was with the company’s meltblown technology itself. Rainer Straub explained: “When, at the beginning of the pandemic in February, demand for protective face masks increased rapidly, we at Oerlikon Nonwoven responded immediately. We ramped up all the available production capacities here in Neumünster in order to quickly manufacture nonwovens for producing face masks using our laboratory systems. As a result, we have been able to make a small, regional contribution to covering demand. In parallel, we have pulled out all the stops in order to systematically further expand our skills as machine and system builders so as to cater to the initially expected, and now also continuing, global demand for meltblown systems as quickly as possible.”

Leading meltblown technology

The Oerlikon Nonwoven meltblown technology – with which nonwovens for protective masks can also be manufactured, among other things – is recognized by the market as being the technically most efficient method for producing highly-separating filter media made from plastic fibers. The capacities for respiratory masks available in Europe to date are predominantly manufactured on Oerlikon Nonwoven systems. “Ever more manufacturers in the most diverse countries are hoping to become independent of imports. Therefore, what we are experiencing in Germany is also happening in both industrialized and emerging countries throughout the world”, commented Rainer Straub. In addition to China, Turkey, the United Kingdom, South Korea, Austria and numerous countries in both North and South America, Australia and not least Germany will for the first time also be among the countries to which Oerlikon Nonwoven will be delivering machines and equipment before the end of 2021.

Monforts denim mills move hemp into the mainstream © Cone Denim
Cone Denim Sweet Leaf jeans.
30.06.2020

Monforts denim mills move hemp into the mainstream

  • There is an urban legend that hemp canvas was used to make the very first pair of Levi’s jeans.
  • While this is a myth that originated in the counterculture of the 1960s, hemp is without doubt the fibre of the moment for the denim industry.

At the second Kingpins24 virtual denim show that was broadcast from New York on June 23rd and 24th, the sustainable benefits of hemp fibre were referenced by many Monforts customers who are now including it in their collections, including AGI Denim, Artistic Milliners, Black Peony, Calik, Cone Denim, Naveena Denim Mills (NDM) and Orta.

“Hemp is an easy to grow fibre which requires no irrigation, no fertilizers, no herbicides and no chemicals,” says Allan Little, Director of Product Development for Cone Denim, which has recently launched its Sweet Leaf collection featuring the fibre. “Significantly, it also uses fifty per cent or even less water than cotton in cultivation.”

It can also bring some new aesthetics to denim too, he adds.

  • There is an urban legend that hemp canvas was used to make the very first pair of Levi’s jeans.
  • While this is a myth that originated in the counterculture of the 1960s, hemp is without doubt the fibre of the moment for the denim industry.

At the second Kingpins24 virtual denim show that was broadcast from New York on June 23rd and 24th, the sustainable benefits of hemp fibre were referenced by many Monforts customers who are now including it in their collections, including AGI Denim, Artistic Milliners, Black Peony, Calik, Cone Denim, Naveena Denim Mills (NDM) and Orta.

“Hemp is an easy to grow fibre which requires no irrigation, no fertilizers, no herbicides and no chemicals,” says Allan Little, Director of Product Development for Cone Denim, which has recently launched its Sweet Leaf collection featuring the fibre. “Significantly, it also uses fifty per cent or even less water than cotton in cultivation.”

It can also bring some new aesthetics to denim too, he adds.

“Hemp has a unique colour and adds a different cast to our indigo, the drape and texture of the fabrics is different and it even adds  a bit of a unique hand, so combined with its sustainable credentials we are proud to be bringing the Sweet Leaf collection to the market.”

US supply chain

Cone is currently sourcing its hemp from France, but with much of its manufacturing now in Mexico – and with the introduction of the US Farm Bill in 2018 which has legalised the growing of legal hemp – is exploring the possibility of investing in the US supply chain.

“With US hemp we’re really at the R&D phase,” Little emphasises. “It’s a unique crop, so coming up with the right stalk to provide the right fibre is challenging. We’ve experimented with different types of seed and various methods of decortication.”

Decortication, he explains, is the mechanical removal of the outside layer of the hemp stalk to useable fibre on the inside. A second process, cottonization, is necessary to make the fibre suitable for spinning, because compared to cotton, hemp is longer, stiffer, and less flexible.

100% success

At the end of 2019, Naveena (NDM), headquartered in Karachi, introduced fabrics featuring up to 51% hemp content in blends with Tencel and recycled polyester and this year has developed the first 100% hemp denims.

“The response to the fabrics we showed last year was incredible and we were looking forward to the response to this latest development – which everyone was asking for – at the Kingpins show in Amsterdam, which unfortunately was unable to go ahead,” says NDM’s Director of Marketing Rashid Iqbal. “We produced initial samples in an undyed state because we were not sure how the wet spun yarn would react in the dyeing, but I’m happy to say we have had success in this respect and are now able to provide one hundred per cent indigo dyed hemp denim.”

Environmental benefits

“Differentiation is the key in the highly-competitive denim industry and we have assisted our customers with trials and optimised processing parameters for a range of different fibres, including hemp, both at our Advanced Technology Centre in Germany and at their own mills around the world,” says Hans Wroblowski, Monforts Head of Denim. “Given the environmental benefits of hemp, and the liberalisation of its cultivation in many parts of the world, the interest in it now comes as no surprise. We have the technologies and know-how to help our customers to fully maximise their hemp denims at all post-weaving stages of production.”

Monforts has a dominant position in the field of denim finishing with its well proven Montex stenters. It has been enjoying further recent success with its Eco Line concept based on two key technology advances – the Eco Applicator and the Thermo Stretch.

The latest Monforts innovation for denim is the CYD yarn dyeing system. This technology is based on the effective and established dyeing process for denim fabrics that is now being applied for yarn dyeing.

The CYD system also integrates new functions and processes into the weaving preparation processes – spinning, direct beaming, warping and assembly beaming, followed by sizing and dyeing – to increase quality, flexibility, economic viability and productivity. A full CYD line is now available for trials at the company’s Advanced Technology Centre.

Logo Mimaki
Mimaki starts to produce masks
29.04.2020

Energiapura: production of masks

Energiapura – Production of reusable, customised protective masks that are also fashion accessories

Energiapura – Production of reusable, customised protective masks that are also fashion accessories

  • The Italian company, a specialist manufacturer of functional sportswear, conducted research and began producing masks in response to the COVID-19 crisis
  • Using Mimaki sublimation printers, the masks can be customised, getting away from their connotation with hospitals and transforming them into a fashion accessory

From functional sportswear to combatting the spread of the Coronavirus: Energiapura, an Italian company has developed a mask that meets the Class I medical device requirements. The EP PA 2020 (Energiapura Pure Air) facial device, optimised for air filtering and breathability, provides protection while working, and can be reused. But Energiapura has gone even further, branding and customising the masks with sublimation printing.
The EP PA 2020 mask, compliant with 93/42 EEC Medical Devices – Class I washable, meets the essential requirements of UNI EN 14683:2019. Having redirected the manufacturing process, Energiapura is now stepping up production levels to meet the rising demand from hospitals, pharmacies, chemists, companies and consumers.

Pure Air, Energiapura’s mask
The EP PA 2020 is based on a functional concept: protection, breathability and reusability are the main principles. EP PA 2020 is made up of three layers of fabric: the first, the outer layer, is DWR-treated polyester, the second is TNT polyester, providing a filtering function, and the third, which comes into contact with the face, is polyester containing special fibres, such as coolmax and carbon.  Therefore it can be reused via normal washing and steam ironing, which also sterilises it.
The CEO of Enegiapura, Alberto Olivietto explains the idea of the customisation of the mask: “We wanted to disassociate our masks from the hospital image. By decorating them with company branding and designs provided by customers.” This is where the Mimaki JV300 wide-format printer comes in.

 

More information:
corona virus face masks
Source:

(c) Mimaki Europe B.V.

Mimaki 3DGD-1800 3D printer (c) Mimaki
Mimaki 3DGD-1800 3D printer
24.03.2020

Mimaki Expands Portfolio with Large-Scale 3D Printer

New Mimaki 3DGD-1800 3D printer boasts ground-breaking production speeds and transforms production of large-sized objects, opening up a wide range of new possible applications across industries from sign and display to manufacturing.

Mimaki Europe, a leading manufacturer of inkjet printers and cutting systems, today announces the launch of the new Mimaki 3DGD-1800 3D printer, facilitating large-scale production up to three times faster than with conventional Fused Filament Fabrication (FFF) type 3D printers.

New Mimaki 3DGD-1800 3D printer boasts ground-breaking production speeds and transforms production of large-sized objects, opening up a wide range of new possible applications across industries from sign and display to manufacturing.

Mimaki Europe, a leading manufacturer of inkjet printers and cutting systems, today announces the launch of the new Mimaki 3DGD-1800 3D printer, facilitating large-scale production up to three times faster than with conventional Fused Filament Fabrication (FFF) type 3D printers. The Mimaki 3DGD-1800 3D printer connects the company’s 2D printing expertise and 3D technology innovations, providing customers with a cost-effective, total solution for 3D sign and display applications.

Capable of producing objects up to 1.8 metres tall in just seven hours – with its assembly-based design allowing for the creation of even larger designs – the innovative 3D printing system boasts a number of clever time- and cost-saving features, including dual-head configuration to enable the simultaneous output of two structures. The Mimaki 3DGD-1800 also facilitates the production of support-free hollowed structures, further streamlining production whilst allowing for increased portability and the possible addition of interior illuminations. The technology will open up a diverse range of potential applications, from signage, events and creative art through to interior design. Customers can utilise Mimaki’s extensive portfolio of 2D print solutions to cost-effectively decorate these applications, opening doors to a range of new products that combine creativity and innovation with Mimaki’s tried and tested vibrant, high-quality results.

Commercially available from April 1, 2020, the new Mimaki 3DGD-1800 is set to revolutionise the way in which large-sized objects are created, enabling a switch from costly and time-consuming conventional handcrafting methods which require significant expertise, to effortless, high-speed production utilising 3D data. 

More information:
Mimaki
Source:

Mimaki

Robusto Softener (c) Kornit Presto
Robusto Softener
20.03.2020

Introducing NeoPigment™ Robusto Softener Solution for Kornit Presto​

Join this webinar session with Kornit CEO Ronen Samuel and CMO Omer Kulka that will take place on Monday, 23rd March 2020 at 2:00 PM CET. To learn more about what the Softener is, how it works, and why it presents a great many opportunities for making the fashion industry more eco-friendly, more reactive to emerging demands, and more conducive to efficient and versatile business models.

We'll be presenting you with:

Join this webinar session with Kornit CEO Ronen Samuel and CMO Omer Kulka that will take place on Monday, 23rd March 2020 at 2:00 PM CET. To learn more about what the Softener is, how it works, and why it presents a great many opportunities for making the fashion industry more eco-friendly, more reactive to emerging demands, and more conducive to efficient and versatile business models.

We'll be presenting you with:

  • our new NeoPigment™ Robusto Softener solution for Presto, the company’s system for digital, pigment-based roll-to-roll direct-to-fabric decoration. Kornit’s pigment-based print process can help companies achieve their sustainability goals. Traditional rotary reactive ink six-color printers use 60-80 liters of water per linear meter, and digital reactive ink for fashion designs use 14-40 liters; Kornit’s award-winning* NeoPigment™ Robusto ink set, which is both GOTS and ECO PASSPORT by OEKO-TEX® certified, is waterless.
  • the Presto - Kornit’s Presto solution eliminates the need for pre- and post-treatment of fabric and allows for high-quality printing on an extraordinarily broad variety of fabric types and applications.

Please register for our webinar Here 

 

More information:
Kornit Presto
Source:

Pr4u

From left: Carlo Centonze, Dr. Thierry Pelet holding the first prototype of HeiQ Viroblock NPJ03 treated face masks (c) HeiQ
From left: Carlo Centonze, Dr. Thierry Pelet holding the first prototype of HeiQ Viroblock NPJ03 treated face masks
17.03.2020

HeiQ Viroblock NPJ03 antiviral textile technology tested effective against Coronavirus

HeiQ, winner of the Swiss Technology Award and Swiss Environmental Award, launches HeiQ Viroblock NPJ03, an antiviral and antimicrobial textile treatment that is tested effective against coronavirus.

Since its inception 15 years ago, HeiQ has forged a solid innovation track record helping brands improve textile products. Catalyzed to action by the global fight against Coronavirus, HeiQ launches HeiQ Viroblock NPJ03, an antiviral and antimicrobial textile treatment which is proven effective against human coronavirus (229E) in face mask testing, significantly enhancing the antiviral log reduction from 2.90 of untreated face masks to 4.48, over 99.99% reduction of virus infectivity. (Remarks: a log reduction of 2 is equivalent to 100 times the effectiveness).

Chinese protective masks producer Suzhou Bolisi is the lead adopter of HeiQ Viroblock NPJ03. Treated masks will be available on the market as early as this April. American legwear manufacturer Kayser-Roth is planning to add the technology to their new product, Ghluv hands protector, while Lufeng from China is evaluating the technology on other types of fabric used for garments.

HeiQ, winner of the Swiss Technology Award and Swiss Environmental Award, launches HeiQ Viroblock NPJ03, an antiviral and antimicrobial textile treatment that is tested effective against coronavirus.

Since its inception 15 years ago, HeiQ has forged a solid innovation track record helping brands improve textile products. Catalyzed to action by the global fight against Coronavirus, HeiQ launches HeiQ Viroblock NPJ03, an antiviral and antimicrobial textile treatment which is proven effective against human coronavirus (229E) in face mask testing, significantly enhancing the antiviral log reduction from 2.90 of untreated face masks to 4.48, over 99.99% reduction of virus infectivity. (Remarks: a log reduction of 2 is equivalent to 100 times the effectiveness).

Chinese protective masks producer Suzhou Bolisi is the lead adopter of HeiQ Viroblock NPJ03. Treated masks will be available on the market as early as this April. American legwear manufacturer Kayser-Roth is planning to add the technology to their new product, Ghluv hands protector, while Lufeng from China is evaluating the technology on other types of fabric used for garments.

HeiQ Viroblock NPJ03 is a unique combination of vesicle and silver technologies designed to inhibit the growth and persistence of bacteria and viruses. The HeiQ vesicle technology targets lipid- enveloped viruses, such as coronavirus, providing rapid virus deactivation, while the HeiQ silver technology inhibits the replication of both bacteria and viruses. HeiQ Viroblock NPJ03 can be applied to a wide spectrum of textile surfaces including face masks, air filters, medical gowns, curtains, drapes and more. HeiQ also has a range of highly wash-durable antimicrobial and odor control textile technologies, called HeiQ Pure, combining silver-based and bio-based materials for all fabric types.

More information:
HeiQ Coronavirus
Source:

HeiQ

(c) Lenzing
13.03.2020

Lenzing solid in a historically difficult market environment

  •  Historically difficult market environment – trade tensions put textile value chain under pressure in 2019
  •  Prices for standard viscose at a historic low
  •  Positive development of the specialty fiber business with a revenue share of already 51 . 6 percent
  •  Strategic investment projects are progressing according to plan
  •  sCore TEN targets for 2024 defined – EBITDA of EUR 800 mn

Lenzing – Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and the accompanying focus on specialty fibers once again helped to mitigate the effect of unprecedentedly low standard viscose prices.

  •  Historically difficult market environment – trade tensions put textile value chain under pressure in 2019
  •  Prices for standard viscose at a historic low
  •  Positive development of the specialty fiber business with a revenue share of already 51 . 6 percent
  •  Strategic investment projects are progressing according to plan
  •  sCore TEN targets for 2024 defined – EBITDA of EUR 800 mn

Lenzing – Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and the accompanying focus on specialty fibers once again helped to mitigate the effect of unprecedentedly low standard viscose prices.

As a result, revenue dropped by 3.3 percent from EUR 2.18 bn to EUR 2.11 bn in 2019, driven by lower selling prices as well as standard fiber volumes. Due to positive mix effects and more resilient specialty fiber prices, the share of specialty fibers increased from 45.5 percent to 51.6 percent of revenue. The earnings development was largely influenced by the decline in revenue, but also by negative currency effects on material and personnel costs. EBITDA (earnings before interest, tax, depreciation and amortization) fell by 14.4 percent from EUR 382 mn to EUR 326.9 mn. The EBITDA margin declined from 17.6 percent to 15.5 percent. Net profit, at EUR 114.9 mn, was 22.4 percent lower than in the previous year at EUR 148.2 mn. Earnings per share amounted to EUR 4. 63 ( 2018: EUR 5 . 61 ).

 

More information:
Lenzing
Source:

Lenzing

SGL Carbon: fiscal year 2019 (c) SGL Carbon
SGL Carbon: fiscal year 2019
12.03.2020

SGL Carbon: fiscal year 2019

Diverging development in the two business units impact fiscal year 2019 of SGL Carbon – Group guidance for 2020 confirmed

  • Consolidated sales revenues in fiscal year 2019 up by 4 percent to around 1.1 billion euros
  • Consolidated recurring EBIT down by 25 percent to 48 million euros; record results of graphite specialities business did not fully compensate for the weak development in the carbon fiber business
  • Composites – Fibers & Materials (CFM): Cyclical und structural weaknesses impact the result of the market segments Wind Energy, Textile Fibers and Industrial Applications, which have limited strategic significance in the medium term
  • Graphite Materials & Systems (GMS): Sales and earnings on record level due to strong growth in the market segments Semiconductors and Automotive
  • Non-cash impairment charge of around 75 million euros was recorded at CFM in the third quarter of 2019
  • Free cash flow significantly improved
  • Issue of a new corporate bond and early redemption of the 2015/2020 convertible bond has significantly improved the maturity profile
  • SGL Carbon confirms guidance for fiscal

Diverging development in the two business units impact fiscal year 2019 of SGL Carbon – Group guidance for 2020 confirmed

  • Consolidated sales revenues in fiscal year 2019 up by 4 percent to around 1.1 billion euros
  • Consolidated recurring EBIT down by 25 percent to 48 million euros; record results of graphite specialities business did not fully compensate for the weak development in the carbon fiber business
  • Composites – Fibers & Materials (CFM): Cyclical und structural weaknesses impact the result of the market segments Wind Energy, Textile Fibers and Industrial Applications, which have limited strategic significance in the medium term
  • Graphite Materials & Systems (GMS): Sales and earnings on record level due to strong growth in the market segments Semiconductors and Automotive
  • Non-cash impairment charge of around 75 million euros was recorded at CFM in the third quarter of 2019
  • Free cash flow significantly improved
  • Issue of a new corporate bond and early redemption of the 2015/2020 convertible bond has significantly improved the maturity profile
  • SGL Carbon confirms guidance for fiscal year 2020: sales expected slightly below previous year; recurring EBIT approximately 10 to 15 percent below previous year level
  • Dr. Michael Majerus, Spokesman of the Board of Management of SGL Carbon: “The financial development of the fiscal year 2019 conceals the fact that our strategic orientation is correct. This is evident from our growth and the increasing number of contracts and projects we acquired in our strategic core markets. Main drivers are the topics of sustainable mobility and energy as well as digitization. Therefore, we expect that we can grow our consolidated revenue by a mid to high single-digit percentage per year on average between 2020 and 2024.“

The fiscal year 2019 developed very differently in the two business units of SGL Carbon. The record results in the graphite specialities business could not fully compensate for the weak development in the market segments Wind Energy, Textile Fibers and Industrial Applications in the carbon fiber business. Group sales grew by 4 percent to 1.1 billion euros. Recurring Group EBIT declined by 25 percent to 48 million euros. Due to the ongoing weakness in the market segments Textile Fibers and Industrial Applications the business unit CFM recorded a non-cash impairment loss of 75 million euros in the third quarter of 2019. With minus 90 (prior year: plus 41) million euros, consolidated Group result declined significantly compared to last year’s good results. The Group confirms its guidance for 2020 published in October 2019.

Group sales are expected to decline slightly compared to the prior-year level, whereas Group recurring EBIT is expected to reach a result around 10 to 15 percent below the prior-year level. Consolidated net result of the Group in 2020 should strongly improve compared to prior-year level to a low double-digit loss.

More information:
SGL Carbon
Source:

SGL Carbon

Lenzing in difficult market environment
Logo Lenzing
12.03.2020

Lenzing solid in a historically difficult market environment

 

 

  • Historically difficult market environment – trade tensions put textile value chain under pressure in 2019
  • Prices for standard viscose at a historic low
  • Positive development of the specialty fiber business with a revenue share of already 51.6 percent
  • Strategic investment projects are progressing according to plan
  • sCore TEN targets for 2024 defined – EBITDA of EUR 800 mn

Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and the accompanying focus on specialty fibers once again helped to mitigate the effect of unprecedentedly low standard viscose prices.
As a result, revenue dropped by 3.3 percent from EUR 2.18 bn to EUR 2.11 bn in 2019, driven by lower selling prices as well as standard fiber volumes. Due to positive mix effects and more resilient specialty fiber prices, the share of specialty fibers increased from 45.5 percent to 51.6 percent of revenue.
The earnings development was largely influenced by the decline in revenue, but also by negative currency effects on material and personnel costs. EBITDA (earnings before interest, tax, depreciation and amortization) fell by 14.4 percent from EUR 382 mn to EUR 326.9 mn. The EBITDA margin declined from 17.6 percent to 15.5 percent. Net profit, at EUR 114.9 mn, was 22.4 percent lower than in the previous year at EUR 148.2 mn. Earnings per share amounted to EUR 4.63 (2018: EUR 5.61).

More information:
Lenzing financial year 2019
Source:

Corporate Communications, Lenzing AG

Rieter: Financial Year 2019 (c) Rieter
Rieter: Financial Year 2019
10.03.2020

Rieter: Financial Year 2019

  • Order intake up 7% on previous year; orders amounting to CHF 401.6 million booked in fourth-quarter 2019 (4th quarter 2018: CHF 119.0 million)
  • As expected, sales significantly down on previous year, falling by 29% to CHF 760 million
  • EBIT margin of 11 .2% and net profit of 6.9% of sales, non - recurring profit contribution from sale of real estate in Ingolstadt (Germany)
  • Proposed dividend of CHF 4. 5 0 per share

In financial year 2019, Rieter recorded an order intake of CHF 926.1 million, which was 7% up on the prior-year period (2018: CHF 868.8 million). This development is attributable to a strong fourth quarter, in which Rieter booked orders totaling CHF 401.6 million (4th quarter 2018: CHF 119.0 million). At the end of 2019, the company had an order backlog of about CHF 500 million (December 31, 2018: about CHF 325 million).

In 2019, Rieter Group sales amounted to CHF 760.0 million (2018: CHF 1 075.2 million), which corresponds to a decrease of 29% compared to the previous year.

  • Order intake up 7% on previous year; orders amounting to CHF 401.6 million booked in fourth-quarter 2019 (4th quarter 2018: CHF 119.0 million)
  • As expected, sales significantly down on previous year, falling by 29% to CHF 760 million
  • EBIT margin of 11 .2% and net profit of 6.9% of sales, non - recurring profit contribution from sale of real estate in Ingolstadt (Germany)
  • Proposed dividend of CHF 4. 5 0 per share

In financial year 2019, Rieter recorded an order intake of CHF 926.1 million, which was 7% up on the prior-year period (2018: CHF 868.8 million). This development is attributable to a strong fourth quarter, in which Rieter booked orders totaling CHF 401.6 million (4th quarter 2018: CHF 119.0 million). At the end of 2019, the company had an order backlog of about CHF 500 million (December 31, 2018: about CHF 325 million).

In 2019, Rieter Group sales amounted to CHF 760.0 million (2018: CHF 1 075.2 million), which corresponds to a decrease of 29% compared to the previous year.

EBIT Margin, Net Profit and Free Cash Flow

Rieter generated an EBIT margin of 11.2% or CHF 84.9 million (2018: 4.0% or CHF 43.2 million). This includes the non - recurring profit from the sale of real estate in Ingolstadt in the amount of CHF 94.5 million. As a result of the capacity adjustment and cost reduction measures, the number of employees decreased by 11% to 4 591 (December 31, 2018: 5 134).

Net profit rose to CHF 52.4 million (6.9% of sales) and thus was significantly higher than in the previous year (2018: CHF 32.0 million or 3.0% of sales). The contribution from the sale of real estate in Ingolstadt had an impact of CHF 67.2 million (EUR 61.6 million) at the net profit level. Free cash flow in 2019 was CHF 42.3 million (2018: CHF 63.6 million). Net liquidity rose to CHF 162.1 million (December 31, 2018: CHF 150.2 million ). The equity ratio as of December 31, 2019, was 47.8% (prior-year balance sheet date: 44.6%).

More information:
Rieter
Source:

Rieter

Industry players from key international markets gather at Intertextile annually (c) Messe Frankfurt
Industry players from key international markets gather at Intertextile annually
05.03.2020

Strong exhibitor registration shaping up for Intertextile Shanghai Home Textiles – Autumn Edition

Exhibitor registration for the Autumn Edition of Intertextile Shanghai Home Textiles has been strong since applications opened in December last year. Renowned global players such as D Décor Home Fabrics (India), G.M. Syntex Pvt (India), Naturtex (Hungary) and SIC Global Textiles (Poland) are amongst those to have already confirmed their participation. Held from 24 – 26 August 2020, the fair is the largest trade platform in China for international buyers to meet potential supply partners in the second half of the year. The fair’s early bird discount will be extended until 30 March. Interested companies can register online to enjoy a 10% discount.

Discover abundant new products and design trends
As the leading business platform for the home and contract textile industry in the Asia Pacific region, participants of Intertextile can always discover the latest innovations and trends of the textile and interior design industry. This year, the fair continues to cover the entire spectrum of home and contract textile products including:

Exhibitor registration for the Autumn Edition of Intertextile Shanghai Home Textiles has been strong since applications opened in December last year. Renowned global players such as D Décor Home Fabrics (India), G.M. Syntex Pvt (India), Naturtex (Hungary) and SIC Global Textiles (Poland) are amongst those to have already confirmed their participation. Held from 24 – 26 August 2020, the fair is the largest trade platform in China for international buyers to meet potential supply partners in the second half of the year. The fair’s early bird discount will be extended until 30 March. Interested companies can register online to enjoy a 10% discount.

Discover abundant new products and design trends
As the leading business platform for the home and contract textile industry in the Asia Pacific region, participants of Intertextile can always discover the latest innovations and trends of the textile and interior design industry. This year, the fair continues to cover the entire spectrum of home and contract textile products including:

  • Decorative Fabrics (Upholstery & Curtains)
  • Bedding, Bath, Kitchen & Table
  • Carpets & Rugs
  • Sun-Protection
  • Wallcoverings
  • Textile Editors
  • Whole Home Products
  • Digital Print & Technics
  • Fibres, Yarns & Chemicals
  • Textile Designs

In addition, Intertextile is pleased to cooperate with the renowned international forecasting agency NellyRodi™ from France again in presenting the hottest international home furnishing trends. A trend committee led by NellyRodi and formed by top forecasters including Carlotta Montaldo, Juliette Lamarca, Shen Lei and Studio NOCC will be responsible for determining the major design trends which will be demonstrated in the three-day fair via a series of events and displays. More details about the trends will be announced soon.

Source:

 Messe Frankfurt

Simian Chooses Kornit Atlas for Scaling of Direct-to-Garment Apparel Decoration (c) Kornit Atlas
Simian Chooses Kornit Atlas for Scaling of Direct-to-Garment Apparel Decoration
03.03.2020

Simian Chooses Kornit Atlas for Scaling of Direct-to-Garment Apparel Decoration

Netherlands-based operation expands on-demand garment decoration capabilities

Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announces Netherlands-based Simian, an online total print provider to more than half a million businesses and end-consumers, is implementing the Kornit Atlas digital direct-to-garment (DTG) system to increase its capacity for delivering sustainable, retail-ready decorated apparel on demand. Simian is the parent company of online print providing sites Reclameland, Drukland, and Flyerzone.

Netherlands-based operation expands on-demand garment decoration capabilities

Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announces Netherlands-based Simian, an online total print provider to more than half a million businesses and end-consumers, is implementing the Kornit Atlas digital direct-to-garment (DTG) system to increase its capacity for delivering sustainable, retail-ready decorated apparel on demand. Simian is the parent company of online print providing sites Reclameland, Drukland, and Flyerzone.

Having established itself as a total print solutions provider for signage, banners, posters, flags, and other digitally printed textiles, Simian first entered the decorated apparel market by implementing two entry-level, single-pallet DTG systems. Kornit Atlas, which can imprint more than a thousand garments per day with a single operator, will enable them to increase capacity to accommodate ongoing growth in this line of business.
Offering lower total cost of ownership than other DTG systems, Atlas meets the retail quality, wash and light fastness, and sustainability standards of the world’s largest apparel brands. Simian will use the system for nontoxic decoration of baby apparel and accessories, in addition to t-shirts, polos, sweaters, vests, and tote bags.

 

More information:
Kornit Digital Simian
Source:

PR4U