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Three Startups receive the Paint the Future award from AkzoNobel (c) AkzoNobel
24.03.2022

Three Startups receive the Paint the Future award from AkzoNobel

The three winners of the Paint the Future global startup challenge are all set to accelerate their innovative solutions for the paints and coatings industry. Following an intense three-day bootcamp, these startups were selected by an international jury to continue working with AkzoNobel on sustainable business opportunities.
 
These are the three winners of the Paint the Future global startup challenge:

  • SolCold (Israel) - Sustainable self-cooling coating based on anti-Stokes
  • Aerones (Latvia) - Robotics for wind turbine maintenance
  • SprayVision (Czech Republic) - Data-driven approach to optimal spray application of paint

“Through Paint the Future, we’re bringing innovation and sustainability together as a key driver of our business,” says Thierry Vanlancker, AkzoNobel CEO. “In our ecosystem, we collaborate with startups, suppliers, customers and academia around exciting solutions that will ensure a more sustainable future.”

The three winners of the Paint the Future global startup challenge are all set to accelerate their innovative solutions for the paints and coatings industry. Following an intense three-day bootcamp, these startups were selected by an international jury to continue working with AkzoNobel on sustainable business opportunities.
 
These are the three winners of the Paint the Future global startup challenge:

  • SolCold (Israel) - Sustainable self-cooling coating based on anti-Stokes
  • Aerones (Latvia) - Robotics for wind turbine maintenance
  • SprayVision (Czech Republic) - Data-driven approach to optimal spray application of paint

“Through Paint the Future, we’re bringing innovation and sustainability together as a key driver of our business,” says Thierry Vanlancker, AkzoNobel CEO. “In our ecosystem, we collaborate with startups, suppliers, customers and academia around exciting solutions that will ensure a more sustainable future.”

Paint the Future startup challenges are designed to connect startups with industry knowledge and expertise to help accelerate their solutions in the paints and coatings industry. This Paint the Future global startup challenge launched May 18, 2021, attracting 245 submissions from 62 countries. Ten finalists were invited to Amsterdam to participate in the bootcamp program.
 
This is AkzoNobel’s second global startup challenge, following its industry-first predecessor in 2019. Regional startup challenges have since been held in Brazil (2020), China (2021), and most recently in India (2022).

More information:
AkzoNobel Sustainability Coatings
Source:

AkzoNobel

16.03.2022

TMAS: TEXO AB sees Demand for Compfelt Weaving Looms

TEXO AB, a member of TMAS, the Swedish textile machinery association, is currently seeing a surge in demand for its Compfelt weaving looms for press felt base fabrics.

“These are far from standard machines,” explains TEXO President Anders Svensson. “Off-the-shelf industrial weaving machines generally range in their working widths from 1.9 to 3.2 metres, with those purpose-built for technical applications such as geotextiles extending to wider widths of six metres and beyond. Meanwhile, one of the machines we have recently successfully delivered and commissioned has a working width of 23 metres and is not even the widest of the many such machines the company has engineered and delivered worldwide since its formation.”

A second recently-delivered line has a more modest working width – in relative terms – of 13 metres.

TEXO AB, a member of TMAS, the Swedish textile machinery association, is currently seeing a surge in demand for its Compfelt weaving looms for press felt base fabrics.

“These are far from standard machines,” explains TEXO President Anders Svensson. “Off-the-shelf industrial weaving machines generally range in their working widths from 1.9 to 3.2 metres, with those purpose-built for technical applications such as geotextiles extending to wider widths of six metres and beyond. Meanwhile, one of the machines we have recently successfully delivered and commissioned has a working width of 23 metres and is not even the widest of the many such machines the company has engineered and delivered worldwide since its formation.”

A second recently-delivered line has a more modest working width – in relative terms – of 13 metres.

Paper machines
The demand for such machines comes from the suppliers of paper machine clothing (PMC) to paper mills, who in turn operate colossal machines for paper manufacturing.
On of the largest paper making machines is currently believed to be located on Hainan Island off the southern coast of China and is 428 metres long – roughly the length of four football pitches. Naturally, such machines require equally large-scale components, which is where TEXO comes in. All paper machines require a regular supply of PMC fabrics which are employed in three separate areas of the paper machine – the forming section, the press section and the drying section.

Press felts
TEXO Compfelt weaving machines are specifically employed for the production of endless (tubular) woven base fabrics for the press section of paper machines, where water is mechanically removed from the newly formed sheet of fibres. In the simplest press, the sheet is carried by the PMC fabric between two rolls, where water is squeezed out by the application of load and pressure. This can also be assisted by the use of vacuum and heat. The PMC fabrics here need to be replaced regularly, with a maximum lifespan of six months.

Press felts have become increasingly sophisticated over the years, consisting of complex woven base structures which are subsequently combined with nonwovens via needlepunching on equally huge machines. The woven base fabrics are primarily made from polyamide for its strength and hygroscopic and elastic properties.

Dobby harness
“A major refinement of the machine has been the ability to equip it with up to 24 dobby harness frames to meet the demand for sophisticated structures from the PMC manufacturers. Although the PMC business represents a small proportion of the total cost of manufacturing paper, it can have a significant impact on the quality of the paper, the efficiency of a machine and machine production rates.”

Another significant development has been that of a self supporting base pre-filled with concrete, which has eliminated the need to dig out foundations in a plant to support the machine.

Retrofits
TEXO’s looms are built to last, but technology moves forward, and the company is also currently active in the retrofitting of existing machines built as far back as the 1970s.

Integration
TEXO has also just integrated its offices and production centre at its base in Älmhult, Sweden, to create a unified 5,000 square metre site.

Source:

TMAS / AWOL Media

24.02.2022

NCTO: Deputy U.S. Trade Representative Sarah Bianchi visits Shawmut Corporation

Shawmut Corporation hosted Deputy United States Trade Representative Sarah Bianchi at the company’s headquarters and state-of-the-art manufacturing facility in West Bridgewater, Mass., as part of the ambassador’s inaugural visit to textile manufacturing facilities in the New England area.

Ambassador Bianchi’s visit comes at a pivotal time for the U.S. textile supply chain, which produced $64 billion in output in 2020 and employed nearly 530,000 workers. Shawmut Corporation is part of the broader U.S. textile industry that has been at the forefront of a domestic production chain that has collectively manufactured over one billion personal protective equipment (PPE) items during the COVID-19 pandemic.

Shawmut Corporation hosted Deputy United States Trade Representative Sarah Bianchi at the company’s headquarters and state-of-the-art manufacturing facility in West Bridgewater, Mass., as part of the ambassador’s inaugural visit to textile manufacturing facilities in the New England area.

Ambassador Bianchi’s visit comes at a pivotal time for the U.S. textile supply chain, which produced $64 billion in output in 2020 and employed nearly 530,000 workers. Shawmut Corporation is part of the broader U.S. textile industry that has been at the forefront of a domestic production chain that has collectively manufactured over one billion personal protective equipment (PPE) items during the COVID-19 pandemic.

The ambassador’s visit to Shawmut included a tour of the company’s manufacturing facility and a roundtable discussion highlighting the critical need for policies supporting a domestic supply chain and the innovative nature of the modern textile industry and its important contribution to the U.S. economy. Shawmut, a fourth-generation, family-run global advanced materials and textile manufacturer, is a global leader in automotive textile composites, innovative technical fabrics and custom laminating services, employing more than 700 employees worldwide with 10 global manufacturing plants and seven commercial offices. The company has also contributed greatly to U.S. PPE efforts, investing $20 million in a new state-of-the-art facility, which can produce up to 180 million NIOSH-approved N95 respirators and other PPE annually and created hundreds of new local jobs.

Ambassador Bianchi said, “Today’s tour of Shawmut’s manufacturing facilities and the roundtable discussion with textile industry executives was an invaluable opportunity for me to see innovative U.S. textile manufacturing first-hand, to learn more about the challenges that U.S. textile manufacturing faces, and to explore ways in which the Administration and industry can cooperate to support a worker-centric trade policy.”

During the visit, U.S. textile executives spanning the fiber, yarn, fabric, and finished product textile and apparel industries participated in a roundtable with the ambassador at which they discussed the innovative achievements and competitiveness of the domestic industry and outlined priority issues in Washington, such as the importance of Buy American and Berry Amendment government procurement policies, maintaining strong rules of origins in free trade agreements and the need to address larger systemic trade issues with China.

16.02.2022

"European textile industry needs to grow its role on global markets"

Statement

On the occasion of the EU-Africa Business Summit, EURATEX is re-iterating the ambition of the European textile industry to grow its role on global markets, including the African continent.

The textile ecosystem is considered the 2nd most globalised sector of the European economy ; it is built on globalised supply chains and fierce competition with China, US, Bangladesh, Turkey and many others. Imports are now peaking at €115 billion (ca. 60% garments and 40% textiles), with a dramatic increase of imported medical textiles (face masks) in 2020. Every year, 22 billion pieces of textile and garment products are brought into the EU Single market.

Statement

On the occasion of the EU-Africa Business Summit, EURATEX is re-iterating the ambition of the European textile industry to grow its role on global markets, including the African continent.

The textile ecosystem is considered the 2nd most globalised sector of the European economy ; it is built on globalised supply chains and fierce competition with China, US, Bangladesh, Turkey and many others. Imports are now peaking at €115 billion (ca. 60% garments and 40% textiles), with a dramatic increase of imported medical textiles (face masks) in 2020. Every year, 22 billion pieces of textile and garment products are brought into the EU Single market.

Europe’s answer to this competitive pressure must be to invest even more on quality and innovative products, made in a sustainable manner. As emerging markets evolve, the appetite for better quality, comfort and design will grow. The ability and willingness to purchase technical textiles, which offer solutions to durability and improved performance, will increase. That is where Europe can be successful. To illustrate: the EU’s exports to China have increased by 33% in 2021 (first 11 months).

In its vision paper on the future of European textiles and apparel, EURATEX has confirmed its ambition to increase the global market share of the European textile industry. Strengthening relations with nearby Turkey and North African countries is important in this regard, offering opportunities for nearshoring. The African continent at large offers trade and investment opportunities, provided the business climate is stable and transparent.

Relations with the UK and Switzerland need to be optimised; especially Brexit has caused serious damage to bilateral trade flows (-33% export to the UK during Jan-Nov 2021). The Mercosur FTA offers interesting opportunities for the European textile industry; it should be ratified as soon as possible. We need to work with the US on mutual recognition of standards and setting global environmental and social rules. We call upon India to make an honest proposal for the upcoming free trade negotiations, which will ensure full and fair access to the Indian market.

European textile and apparel companies (mostly SMEs) need to be accompanied to exploit these market opportunities. At the same time, they need to be protected from unfair competition, e.g. products who do not comply with stringent EU standards and procedures. This requires more effective market surveillance.

More information:
Euratex Competition market share
Source:

Euratex

04.02.2022

NCTO welcomes House Passage of America COMPETES Act

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, issued a statement welcoming House passage of the America COMPETES Act, a legislative package that will help close the de minimis loophole on duty-free imports from China and also renew the Miscellaneous Tariff Bill (MTB), both important provisions to U.S. textile manufacturers.

“We commend the House for passing this sweeping legislation, which contains several critical trade provisions beneficial to American manufacturers,” said NCTO President and CEO Kim Glas. “This legislation contains a provision that would effectively prohibit China from exploiting the Section 321 de minimis mechanism in U.S. trade law, a win for U.S. textile producers and workers.

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, issued a statement welcoming House passage of the America COMPETES Act, a legislative package that will help close the de minimis loophole on duty-free imports from China and also renew the Miscellaneous Tariff Bill (MTB), both important provisions to U.S. textile manufacturers.

“We commend the House for passing this sweeping legislation, which contains several critical trade provisions beneficial to American manufacturers,” said NCTO President and CEO Kim Glas. “This legislation contains a provision that would effectively prohibit China from exploiting the Section 321 de minimis mechanism in U.S. trade law, a win for U.S. textile producers and workers.

“We sincerely thank Congressman Earl Blumenauer (D-Ore.) for working diligently to include and preserve his Import Security Fairness Act in the underlying U.S. competitiveness bill. This bill would help close the de minimis loophole, which allows imports valued under $800 to come into the United States without paying duties and taxes, bypassing inspections by U.S. Customs and providing a backdoor to Chinese goods produced with forced labor. The loophole has not only fueled the rise of imports from foreign e-commerce companies and mass distributors, but it has also put our domestic manufacturers and workers at a competitive disadvantage.”

Another important provision in the legislation renews the MTB for two years, which would extend limited tariff relief on a range of manufacturing inputs used by U.S. textile producers.

In closing, NCTO’s Glas stated: “NCTO worked closely with our allies in the House on these provisions in the underlying bill and we commend their hard work and support. We will continue to push for these critical provisions that benefit the U.S. textile industry in Senate-House conference negotiations in the coming days.”

31.01.2022

NCTO: Coalition are urging Support for De Minimis Provision in House America COMPETES Act

A broad coalition of industry and labor groups has sent a letter to House and Senate leadership urging support for the Import Security and Fairness Act (included in the broader House America COMPETES Act), which aims to stop China from exploiting the de minimis threshold that allows imports valued under $800 to come into the United States without paying duties and taxes, bypassing U.S. Customs inspections and providing a backdoor to Chinese goods produced with forced labor.

The coalition sent the letter to Senate Majority Leader Charles Schumer (D-NY), Senate Minority Leader Mitch McConnell (R-KY), Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA), urging the leaders to strongly support and prioritize the provision in the underlying China bill.

The letter was signed by the following organizations:

A broad coalition of industry and labor groups has sent a letter to House and Senate leadership urging support for the Import Security and Fairness Act (included in the broader House America COMPETES Act), which aims to stop China from exploiting the de minimis threshold that allows imports valued under $800 to come into the United States without paying duties and taxes, bypassing U.S. Customs inspections and providing a backdoor to Chinese goods produced with forced labor.

The coalition sent the letter to Senate Majority Leader Charles Schumer (D-NY), Senate Minority Leader Mitch McConnell (R-KY), Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA), urging the leaders to strongly support and prioritize the provision in the underlying China bill.

The letter was signed by the following organizations:

  • AFL-CIO
  • Alliance for American Manufacturing
  • Coalition for a Prosperous America
  • International Brotherhood of Teamsters
  • Narrow Fabrics Institute
  • National Council of Textile Organizations
  • Service Employees International Union
  • U.S. Footwear Manufacturers Association
  • U.S. Industrial Fabrics Institute
  • United Steelworkers
  • Workers United/SEIU

See the full letter here.

More information:
NCTO U.S. textile industry Import
Source:

NCTO

24.01.2022

Sateri completes Higg Facility Social and Labour Module Assessment

All of Sateri’s five viscose mills in China have undergone independent evaluation of their social and labour practices, having completed the Higg Facility Social and Labour Module (FSLM) audit and achieved a consistent high score of above 80%.

A member of the RGE group of companies, Sateri is also one of the world’s first viscose producers to have completed the Higg Facility Environmental Module (FEM) assessment, with the similar verified high score of over 80% for all its viscose mills.

Developed by the Sustainable Apparel Coalition, a global, multi-stakeholder non-profit alliance for the fashion industry, the Higg Index is a suite of tools that enables brands, retailers and facilities of all sizes to accurately measure and score a company or product’s sustainability performance.

The FSLM tool of the Higg Index holistically assesses working conditions of the mills, including fair wages and compensation, health & safety, respectful treatment of employees etc; while the FEM tool focuses more on environmental performance, including energy consumption, greenhouse gas missions, water use, chemical and waste management.

All of Sateri’s five viscose mills in China have undergone independent evaluation of their social and labour practices, having completed the Higg Facility Social and Labour Module (FSLM) audit and achieved a consistent high score of above 80%.

A member of the RGE group of companies, Sateri is also one of the world’s first viscose producers to have completed the Higg Facility Environmental Module (FEM) assessment, with the similar verified high score of over 80% for all its viscose mills.

Developed by the Sustainable Apparel Coalition, a global, multi-stakeholder non-profit alliance for the fashion industry, the Higg Index is a suite of tools that enables brands, retailers and facilities of all sizes to accurately measure and score a company or product’s sustainability performance.

The FSLM tool of the Higg Index holistically assesses working conditions of the mills, including fair wages and compensation, health & safety, respectful treatment of employees etc; while the FEM tool focuses more on environmental performance, including energy consumption, greenhouse gas missions, water use, chemical and waste management.

Source:

Sateri

(c) Messe Frankfurt (HK) Ltd.
21.01.2022

Promising conditions for Cinte Techtextil China in September

Promising conditions in the technical textiles and nonwovens market are expected to provide ample opportunities for suppliers at this year’s Cinte Techtextil China. The fair, which last year saw 366 exhibitors and 14,868 visits, will take place from 6 – 8 September 2022 at the Shanghai New International Expo Centre. Flexible exhibiting options will once again be available for overseas companies.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd, explained the positive conditions that exhibitors should expect at the fair thusly: “The pandemic has led to a surge in Chinese exports of both technical textiles and nonwovens, the latter in particular. The country remains the largest supplier of nonwovens, comprising one-third of the global total, yet still requires the advanced offerings of overseas machinery suppliers, as well as supplies of raw materials, to support its export production.”

Promising conditions in the technical textiles and nonwovens market are expected to provide ample opportunities for suppliers at this year’s Cinte Techtextil China. The fair, which last year saw 366 exhibitors and 14,868 visits, will take place from 6 – 8 September 2022 at the Shanghai New International Expo Centre. Flexible exhibiting options will once again be available for overseas companies.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd, explained the positive conditions that exhibitors should expect at the fair thusly: “The pandemic has led to a surge in Chinese exports of both technical textiles and nonwovens, the latter in particular. The country remains the largest supplier of nonwovens, comprising one-third of the global total, yet still requires the advanced offerings of overseas machinery suppliers, as well as supplies of raw materials, to support its export production.”

Ms Wen continued: “Domestically, China is seeing increasing consumption of functional apparel, sportswear and personal protection items. Heightened health and sanitary regulations and new hygiene habits will also continue to drive demand, especially for nonwovens, well into the future. There has also been a post-pandemic boost in demand for filter, greenhouse covering and high-density fabrics amongst others. All of this adds up to a wealth of opportunities for overseas companies to take advantage of, as was experienced in the 2021 edition of the fair.”

Exhibitor and visitor experiences in 2021
“Our organisation promotes US cotton and we hope to use this platform to meet more companies and brands in the nonwovens industry who are interested in US cotton, and to meet up with old friends to discuss the current situation and industry trends. We also found some new potential clients this time.” Mr Eric Ni, Senior Manager, China Supply Chain Marketing, Fabrics, Garments and Nonwovens, Cotton Council International, USA

“Cinte Techtextil China is a professional exhibition that brings together cutting-edge technologies and products, allowing us to quickly learn about innovative technology trends in the industry. I’ve been particularly impressed by the biodegradable products in the Innovation Showcase. In addition, I am sourcing mask-related products and mops, and I have found some companies that I’m interested in.” Ms Claire Zhang, Senior Scientist, Personal Health, Philips Research China, Philips (China) Investment Co Ltd, China

Source:

Messe Frankfurt (HK) Ltd.

13.12.2021

NCTO: US Vice President announces new Investments in Northern Central America

US Vice President Kamala Harris announced significant multimillion-dollar investments by Parkdale Mills and six other companies today, as part of the Administration’s Call to Action to the private sector to promote economic opportunity in the region, as her office works to address the root causes of migration.

Vice President Harris, who is overseeing diplomatic efforts with El Salvador, Guatemala, Honduras, and Mexico, announced several private sector commitments to strengthen economic opportunities in the Northern Triangle and made remarks at a White House roundtable, which included Anderson Warlick, Chairman and CEO of Parkdale Mills. The textile and apparel co-production chain is one of the most essential supply chains for employment and economic development in both the United States and the Northern Triangle region, currently supporting over 1 million jobs in the United States and the Central American region. The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) and its strong rules of origin are the primary reasons this co-production chain exists, which is seeing significant growth this year.

US Vice President Kamala Harris announced significant multimillion-dollar investments by Parkdale Mills and six other companies today, as part of the Administration’s Call to Action to the private sector to promote economic opportunity in the region, as her office works to address the root causes of migration.

Vice President Harris, who is overseeing diplomatic efforts with El Salvador, Guatemala, Honduras, and Mexico, announced several private sector commitments to strengthen economic opportunities in the Northern Triangle and made remarks at a White House roundtable, which included Anderson Warlick, Chairman and CEO of Parkdale Mills. The textile and apparel co-production chain is one of the most essential supply chains for employment and economic development in both the United States and the Northern Triangle region, currently supporting over 1 million jobs in the United States and the Central American region. The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) and its strong rules of origin are the primary reasons this co-production chain exists, which is seeing significant growth this year.

North Carolina-headquartered Parkdale Mills, one of the largest manufacturers of spun yarn and cotton consumer products in the world, will make a multimillion-dollar investment in a new yarn spinning facility in Honduras and make an additional substantial investment to support existing operations in Hillsville, Virginia. This investment will help customers shift 1 million pounds of yarn per week away from supply chains in Asia and China and enhance U.S. and CAFTA-DR co-production resilience and increase regional product offerings. Parkdale’s announced investment will create hundreds of jobs in Honduras and further support hundreds of employees in Parkdale’s Hillsville operations.  

Recently, administration officials from the U.S. Trade Representative’s office and the Vice President’s office met with the U.S. textile industry to reaffirm the importance of rules of origin in nearshoring production chains, helping address labor and environmental challenges and mitigating supply chain risk.

“I would like to sincerely thank Vice President Harris for making this announcement and leading the effort with private industry to create more economic opportunities in northern Central America and the United States,” said Anderson Warlick, Chairman and CEO of Parkdale Mills. “Parkdale’s investments will support good paying jobs in the United States and in the Central American region and significantly increase our extensive product offering and capacity, including the production of sustainable specialty yarns.

Parkdale sees an enormous opportunity for brands and retailers to re-shore and nearshore production supply chains and double the size of U.S.-CAFTA-DR trade, because of the rules of origin in our trade agreement and a shift in sourcing by brands and retailers mitigating their supply chain sourcing risks.  We are excited about what this opportunity means for jobs in the U.S. and the region for this critical production chain and couldn’t be more thrilled to be part of this effort.  We look forward to working with the Vice President and her team on strengthening the textile and apparel production chains in the U.S. and region.”

National Council of Textile Organizations (NCTO) President and CEO Kim Glas, said, “This is an exciting and important announcement by Parkdale and Vice President Harris. Our industry has invested billions of dollars in the U.S. and in the region as a result of the investment-based rules of origin in the CAFTA-DR agreement, which ensures the job benefits of the agreement are reserved for the parties to the agreement.  Additional substantial announcements on further investment in textile and apparel production are expected soon.

As brands and retailers are seeking more environmentally sustainable, vertically integrated, transparent, and quick turnaround supply chains, our collective industries stand ready to work with companies that are seeking to mitigate sourcing strategies as Asian supply chains have faced enormous production constraints.  Further verticalization in the industry, like Parkdale’s announcement today, allows broader product diversification and grows jobs across the textile and apparel production chain.

We are thrilled with today’s announcement because it is a win-win for American and Central American workers and our environment and a huge opportunity to further recalibrate supply chains out of China and Asia. This valuable co-production chain between the U.S. and the CAFTA-DR region accounts for $12 billion in two-way trade and billions of dollars of investment. Significant growth is occurring in our sector and is expected to continue as supply chains continue to recalibrate.  We are delighted about this today’s announcement and appreciate the Administration’s strong support.”

06.12.2021

Sateri has been awarded the Oeko-Tex STeP certification

Sateri’s Lyocell facility in Rizhao, Shandong Province, has been awarded the Sustainable Textile Production (STeP) certification for responsible production, making it the first Lyocell producer in China to be certified to the rigorous standards set by independent Swiss-based certification organisation OEKO-TEX®. Sateri’s Lyocell facility has also obtained the highest ranking of level three in the certification assessment scoring for exemplary implementation of best manufacturing practices.

Together with its earlier achievement of the STANDARD 100 by OEKO-TEX® certification that confirms its Lyocell fibre is free from any harmful substances and complies with European standards, Sateri’s lyocell products are qualified to carry the MADE IN GREEN by OEKO-TEX® product label. This label not only attests to Sateri’s Lyocell fibre as safe and manufactured in environmentally-friendly, socially responsible and safe facility, but also the Group’s commitment to higher levels of transparency and accountability through the product traceability feature of the label.

Sateri’s Lyocell facility in Rizhao, Shandong Province, has been awarded the Sustainable Textile Production (STeP) certification for responsible production, making it the first Lyocell producer in China to be certified to the rigorous standards set by independent Swiss-based certification organisation OEKO-TEX®. Sateri’s Lyocell facility has also obtained the highest ranking of level three in the certification assessment scoring for exemplary implementation of best manufacturing practices.

Together with its earlier achievement of the STANDARD 100 by OEKO-TEX® certification that confirms its Lyocell fibre is free from any harmful substances and complies with European standards, Sateri’s lyocell products are qualified to carry the MADE IN GREEN by OEKO-TEX® product label. This label not only attests to Sateri’s Lyocell fibre as safe and manufactured in environmentally-friendly, socially responsible and safe facility, but also the Group’s commitment to higher levels of transparency and accountability through the product traceability feature of the label.

The STeP by OEKO-TEX® certification comprises three levels describing the extent to which a company has achieved sustainable production and working conditions of factories in the textile industry. The areas of assessment include chemicals management, environmental performance, environmental management, social responsibility, quality management, as well as occupational health and safety.

Sateri’s Lyocell fiber factory in Rizhao commenced operation in May 2020, with an annual output of 20,000 tonnes of Lyocell fiber. The same site houses a 5,000 tonne Lyocell pilot production line dedicated for the development of Lyocell application technology. In March 2021, the Group announced plans to expand its Lyocell annual production capacity in China up to 500,000 tonnes by 2025.

A natural and biodegradable fibre, Sateri’s Lyocell is made from wood pulp sourced from certified and sustainable plantations. It is manufactured using closed-loop technology, requiring minimal chemical input during the production process, and utilising an organic solvent that can be almost fully (99.7%) recovered and recycled.

Sateri’s Lyocell is used to produce high quality textiles and personal hygiene materials. Using a unique high technology manufacturing process, it has outstanding dry and wet strength, high uniformity and consistency, and superior quality. It blends well with various textile fibres to create different fabric styles and characteristics for wide downstream applications.

06.12.2021

Intertextile Shanghai Home Textiles – Spring Edition returns in March 2022

The 2022 Spring Edition of Intertextile Shanghai Home Textiles is set to return to the National Exhibition and Convention Center (Shanghai) from 9 – 11 March 2022. The fair, once again held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition, Yarn Expo Spring, CHIC and PH Value, will continue to offer a one-stop trading platform for businesses during the traditional peak sourcing season of the Chinese home textile industry.

The fair provides an opportunity for suppliers to tap into the fast growing Chinese home textiles market and allows prospective buyers to meet their sourcing needs. Following the success of the 2021 edition, which attracted 18,951 trade buyers and 216 exhibitors to participate in this leading industry event, the upcoming spring fair will once more focus on finished products. Nevertheless, a wide range of items are also on offer including bedding & towelling, rugs, table & kitchen linen, home textile technologies, textile design and more.

The 2022 Spring Edition of Intertextile Shanghai Home Textiles is set to return to the National Exhibition and Convention Center (Shanghai) from 9 – 11 March 2022. The fair, once again held concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition, Yarn Expo Spring, CHIC and PH Value, will continue to offer a one-stop trading platform for businesses during the traditional peak sourcing season of the Chinese home textile industry.

The fair provides an opportunity for suppliers to tap into the fast growing Chinese home textiles market and allows prospective buyers to meet their sourcing needs. Following the success of the 2021 edition, which attracted 18,951 trade buyers and 216 exhibitors to participate in this leading industry event, the upcoming spring fair will once more focus on finished products. Nevertheless, a wide range of items are also on offer including bedding & towelling, rugs, table & kitchen linen, home textile technologies, textile design and more.

The Home Textile Products for Campus & School Zone, as well as the Feather & Down Product Zone, will roll out again in the spring show after they were launched in the last edition. The Campus & School Zone was introduced to fulfil the rising market demand for domestic student bedding: “The current demand in China for student bedding is high. There are around 8 million new university students and 16 million secondary school students each year, and nearly all university students and 70% of secondary school students need bedding, equating to over 19.2 million sets needed each year,” Mr Shi Xiangyu, Department Manager at Yantai Pacific Home Fashion Co Ltd, a 2021 exhibitor, outlined.  

Helping businesses to reach their target buyers
Ms Weiqing Peng, Trade Department Supervisor of Wujiang City Yunjie Textiles Co Ltd commented on how the 2021 fair has helped them during the challenging times caused by the pandemic: “We treasure this opportunity to communicate with customers face to face. Buyers usually need to touch the fabrics in person. Many domestic companies are enthusiastic about exhibiting here, and we’ve been really busy as many new and old customers came to our booth. This fair is very popular with the whole industry supply chain.” Mr Leo Chen from Yantai Pacific Home Fashion Co Ltd also applauded the fair for helping them to “reach some big brands in China and explore more cooperation opportunities.” 

02.12.2021

NCTO President & CEO Kim Glas testified on Supporting U.S. Industry

NCTO President and CEO Kim Glas testified at a hearing on “Supporting U.S. Workers, Businesses, and the Environment in the Face of Unfair Chinese Trade Practices” before the House Ways and Means Trade Subcommittee.

In written testimony submitted to the committee, Glas outlines China’s rise to dominance of global textile and apparel production and its adverse impact on the U.S. textile industry, details ways to strengthen onshoring and nearshoring of supply chains, and provides recommendations on the critical policies needed to address these illegal trade practices and rectify inequities.

“China holds the dubious distinction of being the world’s leading purveyor of illegal trade practices that are designed to unfairly bolster a blatantly export-oriented economy,” NCTO President and CEO Kim Glas says. “These predatory practices take many forms, from macroeconomic policies that grant across-the-board advantages to their manufacturers, to industry specific programs intended to dominate global markets in targeted areas. The U.S. textile industry has been a longstanding victim of China’s predatory export practices.”

NCTO President and CEO Kim Glas testified at a hearing on “Supporting U.S. Workers, Businesses, and the Environment in the Face of Unfair Chinese Trade Practices” before the House Ways and Means Trade Subcommittee.

In written testimony submitted to the committee, Glas outlines China’s rise to dominance of global textile and apparel production and its adverse impact on the U.S. textile industry, details ways to strengthen onshoring and nearshoring of supply chains, and provides recommendations on the critical policies needed to address these illegal trade practices and rectify inequities.

“China holds the dubious distinction of being the world’s leading purveyor of illegal trade practices that are designed to unfairly bolster a blatantly export-oriented economy,” NCTO President and CEO Kim Glas says. “These predatory practices take many forms, from macroeconomic policies that grant across-the-board advantages to their manufacturers, to industry specific programs intended to dominate global markets in targeted areas. The U.S. textile industry has been a longstanding victim of China’s predatory export practices.”

“China’s virtually unlimited and unrealistic pricing power coupled with its subsidies and lack of enforceable labor and environmental standards strips benefits and undermines policy objectives throughout the U.S. free trade and preference program structure,” Glas further notes.

“A program of maximum pressure must be developed and fully enforced to reconfigure textile and apparel sourcing patterns that currently place an unhealthy and heavily weighted dependance on China,” Glas adds. “With a strong trade policy holding China accountable, the opportunities are ripe to unlock further domestic and regional investment to bolster this critical textile and apparel production chain because of the important rules of origin for this sector.  We can nearshore more production, help address the migration crisis, and assist in addressing the urgent issue of climate change and create a win-win-win for workers in the United States, workers in the region, and consumers.”

Glas outlines key policy recommendations to the committee, including:

  • Enact tax incentives and other targeted critical investments to strengthen Western Hemisphere trade relationships and re-shore manufacturing
  • Close the Section 321 De Minimis Tariff Loophole
  • Step up enforcement of forced labor of Uyghurs and others in the Xinjiang Uyghur Autonomous Region (XUAR)
  • Firmly maintain Section 301 penalty duties on China for finished textiles and apparel products
  • Immediately pass the MTB to help manufacturers with a limited list of critical inputs not made in the U.S. and review/close the mechanism in the MTB renewal which allows for finished products
  • Strengthen buy-American practices for PPE and other essential products
  • Block expansion of the Generalized System of Preferences (GSP) to include textile and apparel products
  • Use trade enforcement in free trade agreements to mitigate transshipment schemes by unscrupulous importers seeking to illegally circumvent duties
17.11.2021

C.L.A.S.S. welcomes Sensil® BioCare by NILIT into its material hub

C.L.A.S.S. MATERIAL HUB is a careful selection of smart ingredients made by cutting-edge companies and innovators across the globe. The wide range includes transparent and traceable products, which can be natural/organic, up or re-cycled/able, or innovative and always representing a new generation of innovation that is minimizing its impact on people, environment, animals and oceans.

C.L.A.S.S. MATERIAL HUB is a careful selection of smart ingredients made by cutting-edge companies and innovators across the globe. The wide range includes transparent and traceable products, which can be natural/organic, up or re-cycled/able, or innovative and always representing a new generation of innovation that is minimizing its impact on people, environment, animals and oceans.

Sensil® BioCare sustainable premium Nylon fiber is enhanced with a technology, that helps lessen the persistence of textile waste in sea water and in landfills. With its embedded technology, if any microfibers of Sensil® BioCare garments are released during washing, they will be broken down at a quicker rate compared to conventional Nylon 6.6 fibers when they end up in the oceans. Tests were conducted in both landfill soil and sea water simulations to understand the potential impact of Sensil® BioCare on both ecosystems. Specifically, initial testing following the ASTM D6691 Standard Test Method For Determining Aerobic Biodegradation Of Plastic Materials In The Marine Environment and the ASTM D5511 Standard Test Method For Determining Anaerobic Biodegradation Of Plastic Materials Under High-Solids Anaerobic-Digestion Conditions indicates that Sensil® BioCare yarns break down more rapidly (with a biodegradation of about 40% in 500 days) than conventional nylon. These promising findings point to reduced waste accumulation in both oceans and landfills.

NILIT, owner of the sustainable brand SENSIL®, has also teamed up with The Ocean Foundation’s Blue Resilience Initiative to reestablish and safeguard essential ocean meadows and other coastal habitats. These marine grasslands, which are being damaged at a rate of two football fields every hour, are vital ecosystems for sequestering CO2 from the atmosphere, thus reducing global warming and ocean acidification. In addition, ocean grasslands sustain sea life, defend coast lines against erosion and storm surge, and support economies around the world.

NILIT’s plant in Israel, who produce Sensil ® Biocare boosts, renowned certifications such as GRS (Global Recycled Standard)*, ISO 9001**, ISO 14001*** and ISO 45001****. Moreover, the company has already announced that all other plants in  the USA, China and Brazil will be ISO 14001 certified within 2021 and ISO 45001 certified within 2025. Worth to mention, 40% of Nilit’s team is made up of women.

Source:

C.L.A.S.S.

16.11.2021

RGE: Second Annual Update on Textile Fibre Innovation and Technology

Royal Golden Eagle (RGE) has released its 2021 progress report on its commitment to invest USD200 million in next-generation textile fibre innovation and technology over a ten-year period which started in 2019.

The annual report provides an update on the activities undertaken by RGE and its business groups (Sateri, APR, APRIL, Bracell) involved in the fashion value chain to advance its ambition towards closed-loop, circular and climate-positive cellulosic fibre.

In 2021, Sateri achieved full compliance with the emission limits set out in the European Union Best Available Techniques Reference Document (EU-BAT BREF) for all of its five viscose mills in China, two years ahead of schedule. Bracell completed construction of the world’s largest and greenest new generation pulp mill in São Paulo which uses cutting-edge technology for fossil fuel-free generation.

Royal Golden Eagle (RGE) has released its 2021 progress report on its commitment to invest USD200 million in next-generation textile fibre innovation and technology over a ten-year period which started in 2019.

The annual report provides an update on the activities undertaken by RGE and its business groups (Sateri, APR, APRIL, Bracell) involved in the fashion value chain to advance its ambition towards closed-loop, circular and climate-positive cellulosic fibre.

In 2021, Sateri achieved full compliance with the emission limits set out in the European Union Best Available Techniques Reference Document (EU-BAT BREF) for all of its five viscose mills in China, two years ahead of schedule. Bracell completed construction of the world’s largest and greenest new generation pulp mill in São Paulo which uses cutting-edge technology for fossil fuel-free generation.

Amid the COVID-19 pandemic continuing to restrict travel and collaboration, RGE persisted in building upon existing partnerships, while entering into new agreements. Sateri strengthened its strategic collaboration with Infinited Fiber Company, participating in the company’s EUR30 million funding round, which attracted new and existing investors such as H&M Group, Adidas, BESTSELLER and Zalando.

New partnerships formed by RGE included a five-year textile recycling research collaboration with Nanyang Technological University Singapore, and a three-year strategic partnership with the Textile and Fashion Federation Singapore which seeks, among others goals, to advance research and innovation in circular economy approaches to fashion waste in Asia.

RGE’s in-house R&D team has made good progress in advancing its textile-to-textile project, focusing on producing quality viscose using recycled cotton textiles as feedstock. To support plans to build a textile recycling facility in Indonesia, and as part of commercial feasibility analysis, studies examining the availability of textile waste and textile recycling landscapes in China, Indonesia, Sri Lanka and Bangladesh were completed.

Sateri remains on track in developing a product with 50 per cent recycled content by 2023, and to reach 100 per cent by 2030. It also aims for 20 per cent of its feedstock to contain alternative or recycled materials by 2025. In this similar vein, APR will source 20 per cent of its feedstock from alternative or recycled materials by 2030.

Source:

RGE / Omnicom Public Relations Group

04.11.2021

JIAM 2022 OSAKA set to return and open exhibitor application

JIAM 2022 OSAKA, organised by the Japan Sewing Machinery Manufacturers Association (JASMA), will start accepting exhibitor applications for its next edition to be held from 30 November to 3 December, 2022 in the INTEX OSAKA. JIAM 2022 has decided its exhibition theme as “It all connects at JIAM -the forefront of technology and master craftsmanship” and the show will serve as a global platform for the resolution of issues required in this era of change. The 2022 edition will be providing solutions catered to each and every needs by combining existing high-level skillsets that has survived the drastic market change in the past, with the latest technology that has built on knowledge and the history.
 
JIAM, one of the world's leading sewing equipment trade fairs, is an international trade fair that brings together cutting-edge technologies, products, and services from domestic and overseas manufacturers. The previous edition of JIAM 2016 welcomed 258 exhibitors from 15 countries and regions as well as 15,257 visitors from 72 countries and regions, mainly from Bangladesh, China, India, Korea, Taiwan, Sri Lanka, and Vietnam.

JIAM 2022 OSAKA, organised by the Japan Sewing Machinery Manufacturers Association (JASMA), will start accepting exhibitor applications for its next edition to be held from 30 November to 3 December, 2022 in the INTEX OSAKA. JIAM 2022 has decided its exhibition theme as “It all connects at JIAM -the forefront of technology and master craftsmanship” and the show will serve as a global platform for the resolution of issues required in this era of change. The 2022 edition will be providing solutions catered to each and every needs by combining existing high-level skillsets that has survived the drastic market change in the past, with the latest technology that has built on knowledge and the history.
 
JIAM, one of the world's leading sewing equipment trade fairs, is an international trade fair that brings together cutting-edge technologies, products, and services from domestic and overseas manufacturers. The previous edition of JIAM 2016 welcomed 258 exhibitors from 15 countries and regions as well as 15,257 visitors from 72 countries and regions, mainly from Bangladesh, China, India, Korea, Taiwan, Sri Lanka, and Vietnam.

(c) CHIC / JANDALI
29.10.2021

CHIC fueled fashion business in Shanghai and Shenzhen

  • CHIC Shanghai successfully completed under high safety and hygiene conditions
  • The trend hotspot for the Chinese sales market: Lively interest of more than 20,000 trade visitors in the new collections of the 487 brands at the NECC in Shanghai
  • Sustainability in great demand in all areas
  • CHIC Shenzhen focuses on trading in the strong sales region of South China and the international clusters Hong Kong and Macao: Date postponed from November to December due to current Covid-19 cases in China

The fashion world of China met at the physical event CHIC Shanghai from October 9-11, 2021 at the National Exhibition and Convention Center in Shanghai

487 exhibitors presented themselves in clearly structured segments on 50,000 square meters. Maximum compliance with the security measures determined the course. Against this background the exhibitors welcomed more than 20,000 trade visitors and reported cheerful orders.

The 487 exhibitors were also satisfied with the business activity and reported successful orders.

  • CHIC Shanghai successfully completed under high safety and hygiene conditions
  • The trend hotspot for the Chinese sales market: Lively interest of more than 20,000 trade visitors in the new collections of the 487 brands at the NECC in Shanghai
  • Sustainability in great demand in all areas
  • CHIC Shenzhen focuses on trading in the strong sales region of South China and the international clusters Hong Kong and Macao: Date postponed from November to December due to current Covid-19 cases in China

The fashion world of China met at the physical event CHIC Shanghai from October 9-11, 2021 at the National Exhibition and Convention Center in Shanghai

487 exhibitors presented themselves in clearly structured segments on 50,000 square meters. Maximum compliance with the security measures determined the course. Against this background the exhibitors welcomed more than 20,000 trade visitors and reported cheerful orders.

The 487 exhibitors were also satisfied with the business activity and reported successful orders.

Perfect presentation platform: the CHIC Matching area
The expanded matchmaking events at CHIC were also enthusiastically received.
In total, over 37 matchmaking events took place in the specially set up matching area consisting of several presentation platforms and private negotiation rooms at the fair. From company presentations by industry giants such as Shein, through trade fair tours to selected one-on-one discussions, CHIC brought exhibitors and visitors together in a targeted manner. More than 600 participants have been matched by this CHIC event. Among them visitors such as Shein, Walmart, Wang Yi Yan Xuan, Tiktok, BAILIAN GROUP, LIQUN etc, parts of the organizer's broad network.

Continuing growth: sustainable productions
Sustainability is one of the most important consumer trends in China. CHIC played the theme in all exhibition areas; from womenswear, kidswear and menswear to accessories, sustainable collections were represented in all segments.

Design talent and traditional styles
In the IMPULSES area, innovative designer brands showed inspiring trends, high-quality collections and fashion variety like Kmusso, MIJA or Yu Jian Tian with its new design collection made by natural materials such as mulberry silk and wool, presenting the unique traditional Chinese style.

CHIC Shanghai presented the entire range of the fashion business in a total of 12 exhibition segments. This year's acclaimed visual concept, created by lava beijing, has been awarded the Bronze Award of the Hiiibrand Awards 2021 in the Identity category.

Digital tools and physical events
In addition to the on-site trade fair offer, CHIC is expanding its reach through the consistent use of digital tools. The CHIC app combines all the functions needed for a successful trade fair participation, from the digital trade fair catalog and matchmaking to direct appointments and live chats for all participants who cannot be on site.

The next CHIC in Shanghai will take place in March 2022.

Source:

CHIC / JANDALI

26.10.2021

DyStar to exhibit at China Interdye 2021

DyStar, a specialty chemical company with a heritage of more than a century in product development and innovation is exhibiting at the 21st China Interdye 2021 from 17 to 19 November at the National Exhibition and Convention Center (Shanghai).

China Interdye is the largest global exhibition for the dye-chem industry. The trade event will consist of technical seminars, conferences and events organised by exhibitors and relevant industry associations respectively.

DyStar’s managers will discuss various sustainable solutions which they offer to the textile supply chain. They will also be showcasing our latest product innovations for visitors from Brands and Retailers, manufacturers, and production houses to enhance their manufacturing process and improve end-product quality.

Customers can expect to find the following highlighted products and concepts at the event:

  • Full collection of 11 Cadira® modules
  • Evo® Soft Range
  • Dianix® XF2 Range
  • Jettex® Ink Ranges
  • Remazol® SAM Series
  • WOPAPAN Items
  • Color Library from Color Solutions International (CSI)

DyStar, a specialty chemical company with a heritage of more than a century in product development and innovation is exhibiting at the 21st China Interdye 2021 from 17 to 19 November at the National Exhibition and Convention Center (Shanghai).

China Interdye is the largest global exhibition for the dye-chem industry. The trade event will consist of technical seminars, conferences and events organised by exhibitors and relevant industry associations respectively.

DyStar’s managers will discuss various sustainable solutions which they offer to the textile supply chain. They will also be showcasing our latest product innovations for visitors from Brands and Retailers, manufacturers, and production houses to enhance their manufacturing process and improve end-product quality.

Customers can expect to find the following highlighted products and concepts at the event:

  • Full collection of 11 Cadira® modules
  • Evo® Soft Range
  • Dianix® XF2 Range
  • Jettex® Ink Ranges
  • Remazol® SAM Series
  • WOPAPAN Items
  • Color Library from Color Solutions International (CSI)
Source:

DyStar Singapore Pte Ltd

Intertextile Shanghai Home Textiles provided vital business platform (c) Messe Frankfurt (HK) Co Ltd
25.10.2021

Intertextile Shanghai Home Textiles provided vital business platform

Intertextile Shanghai Home Textiles concluded its 27th autumn edition in early October. Held alongside four other concurrent textile shows, the fair was the only major event for this sector able to take place in China during this season, providing a much-needed business platform for 735 exhibitors and 20,106 trade buyers. The fair was held at the National Exhibition and Convention Center (Shanghai).

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd expressed: “Due to the valuable cooperation of many parties and the continued support of our exhibitors and other partners, we were able to hold the fair as scheduled despite a number of challenges. Since the pandemic situation was brought under control in China last year, we have expended considerable resources to ensure our textile fairs still take place to provide trading platforms that connect the global industry. This edition was especially important as it was the only major fair to take place in the country at this time.”

Intertextile Shanghai Home Textiles concluded its 27th autumn edition in early October. Held alongside four other concurrent textile shows, the fair was the only major event for this sector able to take place in China during this season, providing a much-needed business platform for 735 exhibitors and 20,106 trade buyers. The fair was held at the National Exhibition and Convention Center (Shanghai).

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd expressed: “Due to the valuable cooperation of many parties and the continued support of our exhibitors and other partners, we were able to hold the fair as scheduled despite a number of challenges. Since the pandemic situation was brought under control in China last year, we have expended considerable resources to ensure our textile fairs still take place to provide trading platforms that connect the global industry. This edition was especially important as it was the only major fair to take place in the country at this time.”

While a number of international exhibitors participated this year with individual booths, the Belgium Pavilion presented home and contract products and five Chinese regional pavilions from Hangzhou, Shaoxing, Huzhou, Haining, and Tongxiang also featured. Two trend forums also provided inspiration for 2022, while the IKASAS Japanese Home Design Gallery, New Voices of Top Youth Upholstery Designers City Roving Exhibition and China International Fiber Art Exhibition gave further insights into various aspects of the industry.

Fair’s fringe programme highlights sustainability, design and more
As with all of Messe Frankfurt’s textile fairs around the world, sustainability is a big focus. A number of events under this focus took place in the fair’s fringe programme, including a half day forum titled How Sustainable Fashion is Reshaping Lifestyles, with a range of innovative companies and prestigious universities participating as speakers.

The Design Talk session featured a series of presentations from leading international designers, including from China, Japan and Europe, to share their design insights. And a new concept this year, titled New Voices of Top Youth Upholstery Designers – Intertextile Upholstery Design and City Roving Exhibition, showcased the work of six groups of young local designers from across China who presented the interior design ideas of their generation through displays and a forum. And reflecting the changes that continue to accelerate in the industry, a number of e-commerce and cross-border trade events took place, including sessions from the likes of JD Home, AliExpress and Tmall.

The 2022 Intertextile Shanghai Home Textiles – Spring Edition will take place from 9 – 11 March, while the Autumn Edition is scheduled for 23 – 25 August 2022.

22.10.2021

Rieter Investor Update 2021

  • Order intake of CHF 698.6 million in third quarter 2021
  • Order intake of CHF 1 673.9 million after nine months
  • Acquisition of the three Saurer businesses on schedule
  • Credit lines renewed early
  • Outlook 2021

The positive market dynamics, which Rieter has already reported on several occasions, continued in the third quarter of the current year. Rieter recorded an order intake of CHF 698.6 million in the third quarter of 2021 (2020: CHF 174.4 million).

  • Order intake of CHF 698.6 million in third quarter 2021
  • Order intake of CHF 1 673.9 million after nine months
  • Acquisition of the three Saurer businesses on schedule
  • Credit lines renewed early
  • Outlook 2021

The positive market dynamics, which Rieter has already reported on several occasions, continued in the third quarter of the current year. Rieter recorded an order intake of CHF 698.6 million in the third quarter of 2021 (2020: CHF 174.4 million).

The order intake of CHF 1 673.9 million after nine months corresponds to an increase of 294% compared to the prior year period (2020: CHF 425.1 million).
 
The market development is broadly supported at the global level and is based on a catch-up effect from 2019 and 2020 in combination with a regional shift in demand. Rieter believes that a major reason for this regional shift in demand is the development of costs in China. This is leading to increased investments outside the Chinese market. The orders came primarily from Turkey, Latin America, India, Pakistan and China. Overall, Rieter is benefitting from its innovative product range and the global positioning of the company.

The Business Group Machines & Systems achieved an order intake totaling CHF 1 281.6 million in the first nine months of 2021 (+447%).*

In the first nine months of 2021, the Business Group Components recorded an increase of 95% to CHF 227.0 million, while the Business Group After Sales posted an order intake of CHF 165.3 million, an increase of 123% compared to the prior year period.*

Acquisition of the three Saurer businesses on schedule
The acquisition of the three businesses from Saurer, which Rieter announced on August 16, 2021, is proceeding according to plan. The incoming orders for these businesses are not taken into account in this trading update.
 
Credit lines renewed early
The Rieter Group arranged the early renewal of the existing committed credit lines (five-year term, totaling CHF 250 million).
 
Outlook 2021*
The first nine months of 2021 were characterized by a rapid market recovery combined with a regional shift in demand. Rieter expects the demand for new systems to gradually return to normal in the coming months.  
 
For the full year 2021, Rieter anticipates sales of around CHF 900 million.

* See attached document for more information.

More information:
Rieter spinning Fibers yarn
Source:

Rieter Management AG

14.10.2021

NCTO's Statement on Global Supply Chain Crisis

The National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement following President Biden’s remarks on the global supply chain crisis and stressed the importance of investing onshoring and nearshoring:

"We appreciate President Biden’s call to ensure we are building more resilient and reliable supply chains and to invest in our manufacturing industries here at home, in his address earlier today.

There is a reason we got into this mess and there is a reason we have a global supply chain crisis. Years of offshoring production in a race to the bottom –exacerbated by predatory trade practices that have undermined so many manufacturing industries--has led to a tipping point. In fact, it was not too long ago that nurses in New York City and beyond were wearing garbage bags as gowns as our overreliance on Chinese production chains exposed severe fragilities in keeping our health care workers safe during the height of the pandemic.

The National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued a statement following President Biden’s remarks on the global supply chain crisis and stressed the importance of investing onshoring and nearshoring:

"We appreciate President Biden’s call to ensure we are building more resilient and reliable supply chains and to invest in our manufacturing industries here at home, in his address earlier today.

There is a reason we got into this mess and there is a reason we have a global supply chain crisis. Years of offshoring production in a race to the bottom –exacerbated by predatory trade practices that have undermined so many manufacturing industries--has led to a tipping point. In fact, it was not too long ago that nurses in New York City and beyond were wearing garbage bags as gowns as our overreliance on Chinese production chains exposed severe fragilities in keeping our health care workers safe during the height of the pandemic.

China’s virtually unlimited and unrealistic pricing power coupled with its subsidies and lack of enforceable environmental standards strips benefits and undermines policy objectives, and leaves us in an untenable situation of overreliance on a foreign supply chain for critical products and raw materials. This must change.

We must hold China accountable for predatory trade practices that have offshored our industries and our jobs. We must onshore and nearshore more textile and apparel production chains out of Asia to the U.S. and also to Western Hemisphere trade partners. This has a multitude of benefits to ensure more reliability in production and also has remarkable job benefits to U.S. manufacturers and our allied trading partners who adhere to higher labor and environmental standards. Further, it will help address the migration crisis and grow better paying jobs.

Now is the time to we need to unlock long-term commitments to source product from the USA and from our Hemispheric partners.  If we moved another 10 percent of global production to the U.S. and the Hemisphere, imagine the benefits that could be achieved.  Ensuring further verticalization and investment in all aspects of the industry, from raw materials to finished products, is good for the American economy and workers in the U.S. and in the region.

Our industry stands ready to help and provide the solutions to onshore and nearshore these production chains that benefit manufacturing workers, the U.S. economy, our Western Hemisphere allies, and consumers.   Further, onshoring and nearshoring these critical production chains has remarkable benefits for the environment and addresses the growing, systemic and alarming issues associated with climate change.  

It is critical that supply chains mitigate risks so that we are never in this situation again.  We appreciate President Biden recognizing the value of onshoring these critical production chains and stand ready to work with the administration in these efforts."

More information:
NCTO
Source:

NCTO