From the Sector

Archroma announced its transition plan for the function of Chief Executive Officer. The Board of Directors of Archroma has appointed Heike van de Kerkhof to succeed current CEO Alexander Wessels effective January 6, 2020. Mr. Wessels has held the CEO position at Archroma since the Company was established in October 2013 and will be appointed as Vice Chairman of the Company’s Board of Directors. He will also take on a Senior Advisory role within SK Capital working across its portfolio of investments, which includes Archroma.

Alexander Wessels commented, “I feel privileged to have been given the opportunity to work with SK Capital and the Archroma team over the past six and a half years, which has really been an incredible journey. We are coming off another record year in terms of profitability and the business is uniquely positioned to capitalize on its significant momentum moving forward. For me personally, this is the ideal moment to take on my next challenge and in Heike we have found the ideal person to pass the baton to. We look forward to a seamless transition and I am excited to continue to support the Company as a member of the Board of Directors.”

“I have a true passion for innovation and sustainability, and I am thrilled to join Archroma as its next CEO,” Heike van de Kerkhof commented. “The Company has established itself as a leader in sustainable chemistry based on its strong technology-driven product portfolio with a solid foundation to further build upon. I believe Archroma is uniquely positioned to support its customers’ manufacturing processes in a cost effective and sustainable manner. The investments made into research and technology during the first stage of SK Capital’s ownership have positioned Archroma to reach new levels of growth and success.”

• Acquisition drives market growth
• Additional sales channel for BASF customers and partners
• Access to new materials and technologies for customers of BASF and Sculpteo

To continue to expand its position as a leading service provider in the additive manufacturing sector, BASF New Business GmbH has formally agreed to acquire the online 3D printing service provider Sculpteo. The agreement was signed on November 14, 2019 and is expected to become effective in the next few weeks pending regulatory approval by the relevant authorities. The acquisition of the French 3D printing specialist based in Paris and San Francisco will enable BASF 3D Printing Solutions GmbH, a wholly-owned subsidiary of BASF New Business GmbH, to market and establish new industrial 3D printing materials more quickly. Sculpteo’s management team fully supports the acquisition and will remain in place to provide customers and partners with this expanded service spectrum.

For around a decade already, Sculpteo has operated an online platform with integrated production for the manufacturing of prototypes, individual objects, and serial production components with a range of different additive manufacturing technologies. Customers in various industrial sectors around the world use the Sculpteo service to produce new components rapidly and reliably.

BASF will develop the existing Sculpteo 3D printing platform further into a global network. For customers and partners, BASF 3D Printing Solutions will thus be able to offer an additional channel for marketing their services and expanding their own customer bases.

"Through the acquisition of Sculpteo, we can provide customers and partners with even faster access to our innovative 3D printing solutions. In addition, our customers will benefit from an extended range of services”, explains Dr. Dietmar Bender, Managing Director BASF 3D Printing Solutions. “Together with Sculpteo, we are pursuing our goal of establishing additive manufacturing as a proven technology for industrial mass production", says Bender.

Combining the strengths of both companies will provide Sculpteo's existing customers with access to a more extensive portfolio of 3D printing materials. "We are excited to join the BASF team and thus benefit from BASF’s outstanding R&D to provide our customers with innovative solutions”, says Clément Moreau, CEO and Co-Founder of Sculpteo. Moreau will stay with Sculpteo as CEO.

Beyond this, the Sculpteo Design Studio and BASF’s technical experts will collaborate to be able to support customers in their 3D printing projects from the early planning phase right through to the final printed part. This will enable BASF to offer its customers end-to-end industrial 3D printing solutions.

The Board of Directors of Autoneum Holding Ltd appoints Bernhard Wiehl, the longstanding Head of Finance & Controlling of Business Group Europe, as Chief Financial Officer (CFO) and member of the Group Executive Board with immediate effect. The previous CFO Dr Martin Zwyssig has decided to leave Autoneum.

Bernhard Wiehl has been responsible for Finance & Controlling at Business Group Europe since 2013. Also thanks to his financial leadership, this Business Group with its numerous legal units has become highly profitable in recent years. Prior to joining Autoneum, he held senior finance and controlling positions with various automotive suppliers and has therefore extensive experience in the financial management of internationally active suppliers. Additionally, he is very familiar with the challenges of the automotive industry in a global environment. From 2007 to 2013, he was Head of Finance & Controlling and member of the Executive Board of the Lighting and Electronics division at the German automotive supplier Hella and from 2004 to 2007, among other things, in charge of controlling of the Europedivision of the supplier Hydraulik-Ring. Wiehl started his professional career in 1995 at TRW Automotive in Germany. He studied mechanical and industrial engineering at the Esslingen University of Applied Sciences, Germany, and holds a degree in industrial engineering (FH).

Bernhard Wiehl’s predecessor Dr Martin Zwyssig decided to leave the Company and to take up a new professional challenge. The Board of Directors and CEO Matthias Holzammer thank him for the commitment to the Company and wish him all the best for his professional and private future.

The Board of Directors of Autoneum Holding Ltd has appointed Matthias Holzammer, the former, long-term Head of Business Group Europe, as CEO with immediate effect. He is taking over from Martin Hirzel, who will be leaving the Company in agreement with the Board of Directors. Since the existing problems in North America are proving more challenging than expected, the Group's operating result in the second semester of 2019 will not improve, contrary to previous forecasts.

Matthias Holzammer has already demonstrated his operational expertise as the Company’s Head of Business Group Europe, which he successfully restructured from 2012 on and transformed into a highly profitable Business Group. Due to the severe operational and commercial issues in North America, the turnaround and improvement of results will take more time than expected. Matthias Holzammer will devote himself to this task with the highest priority, in order to return the Business Group and the Group back to profitability as quickly as possible. "In view of the current challenges in North America and the volatile global market environment, Matthias Holzammer is the ideal choice to lead the Company as CEO with his industry experience, knowledge of Autoneum and track record in restructuring”, said Hans-Peter Schwald, Chairman of the Board of Directors of Autoneum Holding Ltd.

Artisan craft, experience and high eco-technological specialization: the great tradition of fabrics for shirts which styles the future.

Search for quality, the ability to interpret elegance and a product inspired by tradition, though always trendy: these are the distinctive traits which define the vocation of Canclini 1925, a point of reference worldwide for shirt fabric manufacturing. This expertise is implemented through dynamic creativity and 100% Made in Italy artisan  craft. These are the foundations which make the history and capability of Canclini 1925 unique, as standard bearer for everlasting style.

All this results from an authentic family tradition which, for three generations, has been the driving force of the company, shaping each collection. This passion is at the service of tireless search in terms of style and technology which underlies the whole Canclini 1925 innovative approach. The goal is to offer, through its fabrics, an inimitable experience, “creating wellbeing” and emotion through touch alone, respecting the environment and humans.

Founded in 1925, Canclini has always been a company able to combine extraordinary creativity and product care, established as a silk factory in the Como region. This tradition was renewed in the 1960s with the shift to the cotton sector, aiming more and more at customer service, developing a partnership and trust relation. Working with Canclini 1925 means reaching into the tradition of a family which has always been passionate about its work, dynamic, creative and focused on continuous innovation.

These are distinctive and qualifying elements in the Canclini 1925 approach. An approach which, in line with the research and development pathway on which the company has always invested substantial resources, also involves considerable attention the topic of environmental and social accountability. This commitment is confirmed by numerous and prestigious certifications in the company portfolio, starting from the careful selection of raw materials to its social commitment. More specifically, Canclini 1925 has been awarded the GOTS (Global Organic Textile Standard), SUPIMA COTTON (the Pima “Gossypium Barbadense” cotton, classified as Extra-long Staple) certifications, following the Standard 100 by OECO-TEX®, BCI (Better Cotton Initiative) and GRS (Global Recycle Standard). A comprehensive range of tools which, combined with its in-house know-how and expertise capital, enhances the portfolio of Canclini 1925 branded innovations.

This accountability approach also encompasses the social area with the association “Un sorriso in più” (“One extra smile”). Founded and managed by the company, it is a non-profit organisation engaged in projects which include assistance in nursing homes to elderly persons without family ties, as well as in the support to children living difficult and disadvantaged family situations, focusing its activity on “human life quality”. The uniqueness generated by this meeting between tradition and innovation is the driving force behind corporate research, as well as the truly distinctive reason for its style and technology development. The high-performance looms and technologies used make the company strong and flexible enough for contemporary market requirements. The trademark passion of the Canclini family completes the picture within which the company operates, true to an approach which is at the same time artisan and high-tech, a point of reference in Italy and worldwide.

Thanks to its substantial manufacturing capacity, Canclini today is present on all of the most influential shirt markets worldwide, and – with its new Blue 1925 line - also in the denim world. In this way the company has succeeded in positioning itself among major players in textile manufacturing, authentically Italian because of its farsighted  business vision, care for details and production flexibility. It is the approach which – over the years - has allowed the group to take over important enterprises in the sector, for example Hausmann-Moos and Profilo Tessile, Maglificio Mida and Grandi & Rubinelli.
According to Simone Canclini, CEO of Canclini 1925: “What characterises the Canclini 1925 spirit is first and foremost genuine passion driven by our inspiring principles: quality, style and service. These elements have allowed us to become and remain a point of reference worldwide, to rediscover the everyday – basic and exciting – emotion of choosing a special shirt”.

Young, all-Italian dream-team will lead Pinko to a next level

Pinko looks ahead. Evolution & revolution are the keywords for the new management’s strategies. For the first time, President Pietro Negra will be supported by an all-Italian young team to build the success of the brand from now on. Research and innovation have always been part of the Pinko DNA: once again, they lead the path to cutting edge management.

The Pinko family grows with figures fully trained in the realms of fashion, luxury and retail, the actual Pinko R-evolution kickstart. “We pondered on Pinko’s future,” says Pietro Negra, President of Cris Conf in Fidenza (Parma), which he founded with his wife Cristina Negra and which controls Pinko. “This is just the beginning of a bigger project to be disclosed step by step in the next few months. The company turnover is a crucial point for any family business willing to preserve its independence. We believe in the power of younger generations. Therefore we created an all-Italian team to boost an already successful business model.”

Federico Bonelli, with experiences in Ernst & Young, The Boston Consulting Group and Bain & Company has been appointed General Manager. Emanuele Bianchi, previously in Diesel Coccinelle and Dolce & Gabbana, takes on as Marketing & Communication Director. Cecilia and Caterina Negra, the founders’ daughters and pivotal figures of Pinko’s success, confirm their roles leading respectively the Communication and the Creative department. Caterina Salvador becomes Director of Style and Product after working in Giorgio Armani, Hugo Boss, Calvin Klein, Dolce & Gabbana, Coin. More talents will be eventually hired.

Paper Converting Machine Company (PCMC)— a division of Barry-Wehmiller and a leading supplier of high-performance converting machinery for the tissue, nonwovens and package-printing industries worldwide—is pleased to announce that Mike Shaw has accepted the position of Printing, Coating and Laminating Regional Sales Manager.

In this role, Shaw will be responsible for the sale of PCMC’s PCL products in the Midwest.
He brings nearly 25 years of sales experience in the offset printing industry to his new position, most recently serving as a district sales manager for web offset presses and finishing systems with manroland Goss web systems.

Shaw holds a Bachelor of Science in mechanical engineering from the University of New Hampshire.
“I’m excited that Mike has joined us,” said Rodney Pennings, PCMC’s Printing, Coating and Laminating Sales Director. “His product knowledge and sales experience will enhance our team, as we support our customers’ continual growth by providing the technology they need.” Shaw will operate from his home office in Milwaukee, Wisconsin.

Govier plans to scale the organization and take customer focus to the next level to drive growth
Kornit Digital, (NASDAQ: KRNT), a global market leader in digital textile printing technology, announced today that Chris Govier has been named Managing Director at Kornit Digital Europe GmbH.

Govier is a proven leader who brings broad experience of supporting customers with industrial digital transformation, a proven record of driving growth, and solid experience building and managing world class teams. In his new role, Govier will oversee Kornit Digital’s operations in Europe, the Middle East and Africa (EMEA) and will be instrumental in scaling up Kornit’s business.

Govier previously served in sales and general management roles at Xerox Corporation, and holds a BA from the University of Wellington, New Zealand.

Commenting on the appointment, Gilad Yron, Kornit Digital’s Executive Vice President of Global Business, said, “I welcome Chris on board as the new Managing Director of Kornit Digital Europe. He brings with him solid experience in the analog-digital transition in industrial print and deep regional understanding. Europe has traditionally been a strong performer for Kornit, and Chris’ expertise will help us grow the organization to the next level.”

“This is an incredibly exciting time to join Kornit Digital – their technology, coupled with a passion and drive will significantly disrupt the textile printing industry.” said Chris Govier. “EMEA represents a huge opportunity and I look forward to building on the fantastic success achieved so far.”

At the 128th Annual General Meeting of Rieter Holding Ltd. on April 4, 2019, 502 shareholders, who represent 63.8% of the share capital, participated. A dividend of CHF 5.00 per share was agreed. The shareholders approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for the fiscal year 2020.

The Chairman of the Board of Directors, Bernhard Jucker, and the members of the Board of Directors This E. Schneider, Michael Pieper, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi and Luc Tack were confirmed for an additional oneyear term of office.

Furthermore, This E. Schneider, Hans-Peter Schwald and Bernhard Jucker, the members of the Remuneration Committee who were standing for election, were also re-elected for a one-year term of office.

Shareholders also adopted all other motions proposed by the Board of Directors, namely approval of the annual report, the financial statements and the consolidated financial statements for 2018, and formal approval of the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review.

The National Council of Textile Organizations (NCTO) held its 16th Annual Meeting March 19-21 in Washington, DC.  Elected as NCTO officers for 2019 are:

• Chairman – Leib Oehmig, CEO of Glen Raven, Inc.
• Mr. Oehmig is CEO of Glen Raven, Inc., based in Glen Raven, North Carolina.  Glen Raven is an innovative leader in textile research and development, dying, spinning, weaving and finishing, and distribution and logistics.
• Vice Chairman – David Roberts, CEO of CAP Yarns, Inc.
• Mr. Roberts is CEO of CAP Yarns, Inc., based in Clover, South Carolina.  CAP Yarns is a specialty yarn manufacturer and a leader in developing unique yarns for the knitting and weaving industry.

NCTO is a Washington, DC-based trade association that represents domestic textile manufacturers.  

• U.S. employment in the textile supply chain was 594,147 in 2018.  
• The value of shipments for U.S. textiles and apparel was $76.8 billion in 2018.  
• U.S. exports of fiber, textiles and apparel were $30.1 billion in 2018.  
• Capital expenditures for textile and apparel production totaled $2.0 billion in 2017, the last year for which data is available.