From the Sector

Within the context of a globally-networked textile industry, online services have become essential for maintenance, modernization and original parts procurement processes for machines and systems.
Here, the Oerlikon Manmade Fibers segment optimized the myOerlikon.com service portal for the products and services of its Oerlikon Barmag, Oerlikon Neumag and Oerlikon Nonwoven brands, making it more userfriendly. It allows customers to now access tailored services in nine different languages and around the clock.

Each and every machine park usually has numerous associated documents, ranging from manuals, circuit diagrams and 3D drawing-supported original parts catalogs, all the way through to operating instructions and final documents. myOerlikon.com bundles this information, while also providing users with additional communications on potential machine modernizations and upgrades and on special offers tailored to the respective production system.

Real security during virtual shopping
At the same time, users can access the myOerlikon.com e-commerce platform, which operates in parallel.
Customers can not only place orders here, they can also send online inquiries to Oerlikon, view prices and warehouse stocks and track inquiries,
quotations and orders already made or placed, among many other things. As a result of online access to original parts catalogs for the respective customer machines and systems, erroneous orders can be avoided.
Log-in is secure for users, as are all transactions carried out using the platform. With this, Oerlikon is implementing real security for all virtual purchases. All data exchanged is fundamentally
encrypted and hence protected against unauthorized access.

The National Council of Textile Organizations (NCTO) issued a statement today on the Trump administration’s announced action plan to increase enforcement and penalties against counterfeit goods sold online and imported to the U.S.

“This is a very important and long overdue move on the part of the administration to increase enforcement activity and penalties against counterfeit goods sold online and imported into the United States,” said NCTO President and CEO Kim Glas. “We commend the administration for making a commitment to bolster efforts to crack down on counterfeits, particularly in the textile and apparel sector, which has been hit hard by fake imported products for decades.”

Nearly two million shipments of goods are exported to the United States duty free each day-- often from countries with poor labor, human rights and environmental track records—under a provision known as Section 321 de minimis. This provision allows goods valued below an $800 threshold to enter the U.S. duty free when imported directly to an individual on a single day.  

“This massive increase in de minimis shipment trade poses significant security risks and threats to public health and safety, while incentivizing customs fraud and creating a loophole to our entire tariff structure,” Glas said. “Our concerns regarding the de minimis loophole are exacerbated by the belief that the domestic textile industry and other U.S. manufacturing interests are directly and negatively impacted, particularly since e-commerce sites like Amazon and others are using de minimis as a duty-free portal into the U.S. for products under $800.”

Furthermore, CBP’s own annual report on intellectual property seizures, including large volumes of counterfeits, revealed that U.S. authorities made seizures totaling $1.4 billion in fiscal 2018. Over 90 percent of all intellectual property (IPR) seizures occur in the international mail and express shipment environments, according to the report, which is a common method of shipping by e-commerce sites.

Chinese products accounted for 46% of all IPR seizures with a total Manufacturers Suggested Retail Price (MSRP) value of $761.1 million in FY 2018. Apparel and accessories were the top counterfeit products seized by U.S. authorities, accounting for 18% of all seizures in FY 2018 with an MRSP value of $115.2 million.

“We think this is an important step forward by the administration to deepen the analysis on de minimis products--- that are often not thoroughly examined and undercut our domestic manufacturing industries,” Glas said. “We don’t know what the products are, where they are coming from, whether they meet U.S. safety requirements, who is making them or the country of origin. We believe it is long past time for the administration to address the issue of de minimis shipments and counterfeiting head on.”

The National Council of Textile Organizations (NCTO) issued the following statement regarding the expected passage today of the U.S.-Mexico-Canada Agreement (USMCA) by the U.S. House of Representatives.

“Passage of the USMCA in the House today will mark a significant step forward in advancing the trade deal through Congress and we urge the Senate to pass it swiftly,” said NCTO President and CEO Kim Glas. “Mexico and Canada are the two largest export markets for the U.S. textile industry, totaling nearly $12 billion last year, and several provisions in USMCA will help producers expand and build new business in the critical Western Hemisphere supply chain.”

NCTO worked with the administration during negotiations on USMCA and successfully lobbied for several provisions and improvements that were subsequently incorporated in the trade deal that will close loopholes and strengthen U.S. Customs enforcement.

“We expect U.S. textile companies to export more to the region and invest more in the U.S. when USMCA is implemented,” Glas said. “Textile executives from North Carolina to New York have said they will seek to take advantage of the modifications in the trade deal and build new business in areas such as pocketing and sewing thread, as a result of stronger rules of origin and Customs enforcement.”

The USMCA updates and modifies the North American Free Trade Agreement (NAFTA) and makes significant improvements, including:

• Creation of a separate chapter for textiles and apparel rules of origin with strong customs enforcement language.
• Stronger rules of origin for sewing thread, pocketing, narrow elastics and certain coated fabrics.  Under the current NAFTA, these items can be sourced from outside the region – USMCA fixes this loophole and ensures these secondary components are originating to the region.
• Fixes the Kissell Amendment Buy American loophole, ensuring that a significant amount the Department of Homeland Security spends annually on clothing and textiles for the Transportation Security Administration is spent on domestically produced products.

COBRA International is collaborating with Obodroid, a leading Thai robotics provider to help bring their novel new building security robot concept to life. With the robotic systems already in place, COBRA will deliver a set of eight composite parts that form the lightweight body shell cladding of the streamlined 1.35m high robot.

Having been involved from the very outset of the project: from the design and engineering through to the prototyping of the composite robot shell parts, COBRA will start with the production of the first batch of robots in 2020.

By using cameras and sensors integrated into robots, building operators can provide more effective and flexible security monitoring systems, providing a 24/7 autonomous patrol service around the residential area.

A. Monforts Textilmaschinen GmbH & Co. KG will demonstrate a range of new advances made possible by Industry 4.0 techniques at ITMA 2019 in Barcelona, Spain, from June 20-26.

At stand D101 in Hall 2, visitors will discover the possibilities of ‘digital twin’ capability – now being made available for all Monforts machine systems – and that by exploiting the latest advanced sensor technology, comprehensive technical machine data can now be virtually mapped in the cloud in real time. The data can be easily accessed using the new Monforts Smart Support and Smart Check apps for an instantaneous status overview. All specifications relating to machine performance and the production process can be mapped, to enable vastly simplified and targeted analysis for controlled planning and production. Insights harnessed from such analysis can be used to optimise the actual production process. At the same time, potential sources of error can be anticipated and eliminated, enabling improved machine availability while considerably minimising downtime.

Parts prediction
In addition, the digital twin system provides information on the individual wear parts of a system, such as, for example, converters or gears. “Operators and mill managers are informed by Smart Check sensors when maintenance or the replacement of key components will be required, well ahead of time,” explains Monforts Vice President Klaus A. Heinrichs. “Direct access to the integrated Monforts webshop allows users to instantly order such parts when they are needed, virtually preventing machine downtime.” On request, Monforts can also virtually monitor machine performance and pro-actively alert customers to the need for preventative action. In such cases, however, data is only ever called from the cloud by Monforts when customers have given their full consent, in the interests of data security. Data from Smart Check, for example, can even be used to analyse a system’s energy requirements, allowing machine operation to be optimised by tailoring production runs to the peaks and troughs of electricity costs.

• HPR is the highest status a plant can achieve for fire risk prevention and protection
• The site Beaulieu Fibres International is the fourth in the Beaulieu International Group to reach HPR status
• Underlines Group’s commitment to risk prevention at B.I.G. sites & to reinforcing our strong business contingency plan

Beaulieu Fibres International, one of the leading polyolefin staple fibre producers, is pleased to announce the achievement of Highly Protected Risk (HPR) status for its production site in Wielsbeke, a designation that means a facility meets the highest industry standards for property protection.

HPR status was awarded by FM Global, Beaulieu International Group’s (B.I.G.) industrial property and business interruption insurer for the past three years. The company offers B.I.G a unique concept that supports the Group in reducing its exposure to loss and increasing its business resilience. A dedicated worldwide team of engineers focuses on providing assistance and protection of its assets, helping the Group to achieve a higher level of risk protection.

The Beaulieu Fibres International site produces high performance fibres for a large variety of applications and market segments. It scored exceptionally well in its FM Global assessment which focused on aspects including fire protection, protection against natural hazards, mechanical breakdown of machinery, cyber risks and consequent business interruption.

Its overall risk mark of 83 ranks it within the top 25% of its industry for fire risk prevention and protection.

Commenting on the Award, Maria Teresa Tomaselli, Global Sales Director Fibres, said: “This HPR fibre production site reinforces strongly our supply chain security and demonstrates our engagement towards our customers and partners. Our contingency planning and risk management are essential, well-considered elements within our long-term business strategy to demanding sectors such as Automotive, Geotextiles, Flooring industries.”

As society becomes increasingly digital while cyber threats are multiplying, trust is immensely precious to everyone, not only to consumers but also to companies and organizations whose business relies on digitalization. This highlights the importance of a versatile and trusted partner that focuses on cybersecurity.

Reflecting Nixu’s purpose, “we keep the digital society running", Nixu growth strategy focuses particularly on cybersecurity services for digital business transformation. Developing and delivering comprehensive cybersecurity services that enable clients to utilize, in a safe manner, the opportunities provided by the Industrial Internet of Things and Digital Identities is a key priority for Nixu.
Today, Nixu reached an important milestone and transferred to the Official List of Nasdaq Helsinki stock exchange and continues on its journey to become the number one choice as a cybersecurity partner for digitalization and the best workplace for cybersecurity professionals.

“When we first got listed on Nasdaq First North in 2014 we were quite small Finnish consultancy, in less than four years we have succeeded in transforming to an international cybersecurity services company and multiplied our size”, said Petri Kairinen, CEO of Nixu. “This is still only the beginning, as the demand for cybersecurity services raises exponentially. The listing on the Official List will enable us to reach further international growth funding which will help us uphold the fast growth speed. Of course, our global enterprise clients will also appreciate the transparency and quality associated with being a listed company.“

Idéal Fibres & Fabrics Comines received the Textile Industry Award during the award ceremony of the “Trophées de l’Industrie des Hauts-de-France” (Trophies of the Industries of Hauts-de-France) which is hosted each year by the Société Industrielle du Nord. These trophies reward companies who are selected by trade and pooling associations based on their exemplary performance, innovations and achievements in an area of specialty which is different each year.

Idéal Fibres & Fabrics Comines (IFFC), a subsidiary of the Belgian Beaulieu International Group of companies, announced today that it was awarded the Textile Industry Award, which is one of the Trophies of the Industries of Hauts-de-France. The award ceremony took place on the 29th of March of this year at the Cité des Échanges of Marcq en Baroeul, France. Michiel Leys, Manufacturing Manager for Europe and General Manager of the production site, and Loïc Derôme, Operations Manager at IFCC, attended the ceremony and received the prize in person.

As part of the Industry Week, the ceremony is each year a time of exchange, optimism and encouragement to flagship companies of the industrial trades.
Idéal Fibres & Fabrics Comines’ production site has been based in the North since 1993 and manufactures high quality polypropylene and polyamid based textured yarns for applications in the automotive, and commercial and residential building sectors. “We regularly invest in technology on the one hand, and in safety, security and working conditions on the other”, says Loïc Derôme, Operations Manager at IFCC. “For the past two years, we have invested around for million euros and, this year, we are in the on-going process of further developing our manufacturing resources to meet the technical needs of the market and to increase the safety of our site.”

“We have selected IFCC because of its significant surface, but also because it is a French company belonging to a Belgian group, who decided to build on France as a country”, adds Eric Mezin, Délégué Général UIT Nord. Such attributes as open-mindedness, strong focus on sustainable development and effective communication efforts in view of attracting new talents, including among older, more experienced people, are but a few of the multiple aspects that accounts for the election of IFFC as an award-winner.

Beijing - Tencent Holdings Limited (“Tencent”) (00700.HK), JD.com, Inc. (“JD.com”) (NASDAQ:JD), and Vipshop Holdings Limited (“Vipshop”) (NYSE:VIPS), today jointly announced that Tencent, a leading provider of internet value-added services in China, and JD.com, China’s largest retailer, have entered into definitive agreements with Vipshop, a leading online discount retailer for brands in China, such that Tencent and JD.com will invest an aggregate amount of approximately US$863 million in cash in Vipshop at the closing of the transaction.

Pursuant to the share subscription agreement, Tencent and JD.com will subscribe for newly issued Class A ordinary shares of Vipshop in the amount of approximately US$604 million and approximately US$259 million, respectively. The purchase price will be US$65.40 per Class A ordinary share, which is equivalent to US$13.08 per American Depositary Share (“ADS”) of Vipshop, five of which represent one Class A ordinary share. The purchase price represents a 55% premium over the closing price of the ADSs as of the last trading day on December 15, 2017.

The transaction is expected to close in the near future, subject to customary closing conditions.  Upon the closing, Tencent and JD.com will beneficially own, taking into account any existing holding, approximately 7% and 5.5%, respectively, of Vipshop’s total issued shares. The Class A ordinary shares issued to Tencent and JD.com will be subject to a two-year lock up restriction. Tencent and JD.com will have the right to appoint a director and an observer, respectively, to Vipshop’s board of directors during the two-year lockup period. After the end of the lock-up period, for so long as Tencent and JD.com hold approximately 12% and 8%, respectively, of Vipshop’s total issued shares, or otherwise by mutual agreement with Vipshop, they will maintain director and board observer rights.

Concurrently with the entry of the share subscription agreement, Tencent and JD.com have entered into business cooperation agreements with Vipshop, effective upon closing, establishing a cooperative relationship among Tencent, JD.com and Vipshop. Under these agreements, Tencent will grant Vipshop an entry on the interface of Weixin Wallet enabling Vipshop to utilize traffic from Tencent’s Weixin platform, and JD.com will grant Vipshop entries on both the main page of JD.com’s mobile application and the main page of its Weixin Discovery shopping entry, and will assist Vipshop in achieving certain GMV targets through JD.com’s platform.   

“I am truly delighted about Vipshop's new strategic cooperation relationships with Tencent and JD.com,” said Mr. Eric Ya Shen, Vipshop’s Co-founder, Chairman of the Board of Directors and Chief Executive Officer. “This undoubtedly is an important event for Vipshop as well as China's e-commerce and internet industries. We, together with Tencent and JD.com, will leverage our respective strengths to form a strategic cooperative alliance aiming to achieve a deep, win-win cooperation and to benefit internet users and consumers. We will develop a holistic cooperation with Tencent on the Weixin platform and expand our strategic alliance with Tencent into more and broader areas.  We will explore win-win opportunities in multiple areas with JD.com, including establishing a strategic alliance in collaboration with brand suppliers, and an on-line traffic alliance. We will continue to operate as an independent e-commerce platform and further deepen and enhance our leading e-commerce capabilities in fashion (including apparel, shoes, bags and accessories) and cosmetics categories as well as our strong female user base, thereby offering higher value and better user experience to our customers.”

“The strength of Vipshop’s flash sale and apparel businesses, as well as its outstanding management team, create clear and strong synergies with us,” said Richard Liu, Chairman and CEO of JD.com. “This partnership will further extend the strong inroads that we have made with female shoppers, and will expand the breadth and reach of our fashion business. We continue to add the top-notch partners to complement JD.com’s core strengths, ensuring that JD and our partners provide the best customer experience for every shopping need.”

Martin Lau, President of Tencent Holdings, said, “We are pleased to become strategic investor in and partner with Vipshop. We look forward to providing Vipshop with our audiences, marketing solutions, and payment support to help the company provide branded apparel and other product categories to China’s rising middle class. We already see substantial demand from our users to discover, discuss and purchase branded apparel in our applications, and we believe that connecting our users more deeply to products on Vipshop’s platform will enrich their online experiences while benefiting Vipshop. We are proud of the role our resources such as marketing technology, payments handling, and machine learning play in facilitating a healthy and diverse retail ecosystem, online and offline.” 

About JD.com, Inc.

JD.com is both the largest e-commerce company in China, and the largest Chinese retailer, by revenue. The company strives to offer consumers the best online shopping experience. Through its user-friendly website, native mobile apps, and WeChat and Mobile QQ entry points, JD offers consumers a superior shopping experience. The company has the largest fulfillment infrastructure of any e-commerce company in China. As of September 30, 2017, JD.com operated 7 fulfillment centers and 405 warehouses covering 2,830 counties and districts across China, staffed by its own employees. JD.com is a member of the NASDAQ100 and a Fortune Global 500 company.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit www.vip.com.

About Tencent Holdings Limited

Tencent uses technology to enrich the lives of Internet users. Our social products Weixin and QQ link our users to a rich digital content catalogue including games, video, music and books. Our proprietary targeting technology helps advertisers reach out to hundreds of millions of consumers in China. Our infrastructure services including payment, security, cloud and artificial intelligence create differentiated offerings and support our partners’ business growth. Tencent invests heavily in people and innovation, enabling us to evolve with the Internet. Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent (00700.hk) are traded on the Main Board of the Stock Exchange of Hong Kong.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, statements regarding the expected closing of the transactions and the quotations from management in this announcement are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to, those included in JD.com’s and Vipshop’s filings with the SEC and in Tencent’s filings with the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and none of Tencent, JD.com or Vipshop undertake any duty to update such information, except as required under applicable law.