From the Sector

Sustainability has become a major trend in the global home textiles industry. It is more common nowadays to find natural and sustainable fibres in an extensive range of home furnishing products. From this angle, the Lenzing Group (Lenzing) will take led in a brand new pavilion at Intertextile Shanghai Home Textiles – Spring Edition. Lenzing is the world’s leading manufacturer of renewable specialty fibres, and will highlight the latest eco-friendly fibres that can meet the ever-rising sourcing demand. The fair is set to take place from 14 – 16 April 2022 at the National Exhibition and Convention Center (Shanghai).

As an upswing from the growing public awareness of environmental issues, consumers are now more willing to switch to sustainable products. According to a CottonWorks’ survey, 90% of the interviewed Chinese consumers want their home textiles to be environmentally friendly[1]. It also found that more consumers are paying attention to the fibre content that can deliver safe and sustainable home textiles.
Furthermore, the Chinese government’s ‘Outline Of the Development of the Textile Industry during the 14th Five Year Plan’, also encourages the acceleration of low cost, functional and sustainable renewable fibres in the local textile industry.

The Lenzing satellite pavilion: a one-stop platform for green home textile materials
To help home textile suppliers source a variety of eco-friendly materials efficiently, one of the fair’s long-time exhibitors is set to form a new pavilion at the upcoming Spring show. Lenzing, the Austrian brand widely known for its ecologically responsible production of specialty fibres made from renewable raw material wood, gathers seven of its local downstream supply chain manufacturers to showcase their renewable products.

Mr David Dai, Senior Commercial Director Textile China of Lenzing spoked about why they decided to organise a new pavilion at the show: “As we received positive feedback from our pavilion at Intertextile Shanghai Apparel Fabrics, our business partners from the home textile supply chain were hoping for a similar arrangement in this sector. We believe all the participating manufacturers can benefit from this pavilion by finding ways to better serve their clients and consumers.”

Brands in the Lenzing satellite pavilion will include:
•    Lenzing Group will introduce the first Carbon-zero TENCEL™ fibres which are CarbonNeutral™ certified products by Natural Capital Partner.
•    Botou Jinglun Textiles Co Ltd focuses on new fibre yarns. The company develops multi-component yarns for cotton, wool, silk and linen with combinations of MODAL, TENCEL™ fibres and various functional materials.
•    Fujian Yongtai County Huaerjin Textile Co Ltd provides high-quality, natural, renewable pure and blended yarns including TENCEL™ fibres, US cotton, Australian cotton, acrylic cotton, silk and other plant-based yarns.
•    Jiangsu Dasheng Group Co Ltd has one of the largest cellulosic fibre yarn spinning mills in China and focuses on producing top-quality home textiles.
•    Qingdao Textiles Group produces natural fibres, cellulose fibres, copper antimicrobial fibres and other nature-based materials for home and contract textiles.
•    Suzhou Zhenlun Spinning Co Ltd is an advanced enterprise specialising in regenerated cellulose yarns like ECO VERO, FSC Viscose, Circulose, Carbon Zero Yarn and more.
•    Ton Design Industrial Co Ltd produces medium and high-end bedding fabrics. The brand’s TENCEL™ Lyocell fibres and TENCEL™ fibres blend cotton series products are certified by Lenzing.
•    Wuxi Tianmu Extra Width Printing Dyeing Co Ltd mainly produces extra-wide, high-count and high-density down-proof fabrics and fabrics for bedding. The technique can handle different procedures for dealing with pure cotton, bamboo fibres, TENCEL™ fibres and other fibre fabrics.

In addition to the new pavilion, a number of other featured exhibitors will also showcase their sustainable products at the fair. This includes Cotton Council International (CCI) promoting US cotton fibres and cotton products, and Zhangjiagang Coolist Life Technology Co Ltd bringing their unique bedding products made from organic and environmental-friendly materials.

• Order intake of CHF 2 225.7 million at record level
• Sales of CHF 969.2 million despite bottlenecks in the supply chains
• EBIT margin of 4.9% and net profit of 3.3% of sales
• Milestones achieved in strategy implementation
• Dividend of CHF 4.00 per share proposed
• Outlook

The 2021 financial year was characterized by a rapid market recovery. As market and technology leader, Rieter succeeded in this environment in posting a record order intake, significantly increased sales compared with the previous year despite the bottlenecks in the supply chains, and generated an EBIT margin of 4.9%. This success is based on the investments in innovation and competitiveness of Rieter in recent years. Crisis management in the 2020 pandemic year, which aimed at benefiting from the expected market recovery after the pandemic, was also a contributing factor. With the acquisition of three businesses from the Saurer Group, a further milestone in the implementation of the strategy has been achieved. The acquisition strengthens Rieter’s market position by completing the ring and compact-spinning system. With the laying of the foundation stone for the Rieter CAMPUS in September 2021, an important prerequisite for the expansion of the company’s technology leadership has been created.

Order Intake and Sales
At the end of 2021, the company had an order backlog of around CHF 1 840 million (December 31, 2020: around CHF 560 million). Rieter closed the 2021 financial year with sales of CHF 969.2 million, which corresponds to an increase of 69% compared to the previous year (2020: CHF 573.0 million).

EBIT, Net Profit and Free Cash Flow
The profit at the EBIT level in the 2021 financial year was CHF 47.6 million, which represents 4.9% of sales. At the net profit level, a profit of CHF 31.7 million accrued, which corresponds to 3.3% in relation to sales. Free cash flow at CHF 128.1 million is a result of the positive developments in earnings and net working capital. The acquisition of three businesses from the Saurer Group for a purchase price of CHF 321.4 million resulted in net debt of CHF 161.9 million; as of December 31, 2020, net liquidity amounted to CHF 41.3 million. At December 31, 2021, liquid funds amounted to CHF 249.4 million (2020: CHF 283.2 million). The equity ratio as of December 31, 2021, was 27.6% (previous year’s reporting date: 36.4%).

Sales by Region
Sales increased in all regions, with the exception of Africa. The highest growth of CHF 126.0 million compared to CHF 50.8 million in the previous year was achieved in India, followed by North and South America with CHF 149.9 million in 2021 compared to CHF 66.4 million in the previous period, and the Asian countries excluding China, India and Turkey with CHF 318.7 million (2020: CHF 184.8 million). In Turkey, Rieter increased sales to CHF 182.3 million (2020: CHF 122.0 million), in China to CHF 135.3 million (2020: CHF 92.8 million) and in Europe to 43.3 million (2020: CHF 38.4 million). In Africa, sales were below the prior-year level at CHF 13.7 million (2020: CHF 17.8 million).

Business Groups
Despite the well-known challenges in the supply chain, the Business Group Machines & Systems posted an order intake of CHF 1 708.6 million (2020: CHF 363.9 million) and achieved sales of CHF 590.3 million, double the previous year’s figure (2020: CHF 295.8 million). Ring and compact-spinning systems, on whose customer benefits Rieter has worked intensively in recent years, were particularly in demand.
The order intake of the Business Group Components was CHF 296.0 million, 75% above the previous year’s level (2020: CHF 169.1 million). Against the backdrop of successful strategy implementation and good capacity utilization at spinning mills worldwide, sales increased to CHF 231.5 million (2020: CHF 174.3 million). The Business Group After Sales recorded an order intake of CHF 221.1 million, 106% higher than the previous year (2020: CHF 107.2 million). Sales reached a level of CHF 147.4 million (2020: CHF 102.9 million). The positive evolution of the Business Group After Sales was also significantly influenced by successful strategy implementation and good capacity utilization at spinning mills around the world.

Acquisition of three Saurer businesses
Effective from December 1, 2021, Rieter is consolidating the components businesses acquired from Saurer. With the acquisition of Accotex (elastomer components for spinning machines) and Temco (bearing solutions for filament machines), Rieter is strengthening its market position in the components business. The acquisition of the third business from Saurer (automatic winder) completes and thus considerably increases the attractiveness of Rieter’s ring and compact-spinning system. This acquisition marks an important milestone in the implementation of the company’s strategy as an innovative systems supplier. The transaction is expected to be finalized in the first half of 2022.

Rieter CAMPUS
On September 8, 2021, at the Winterthur location, the foundation stone was laid for the Rieter CAMPUS, which includes a customer and technology center as well as an administration building. With the Rieter CAMPUS, the company is creating a state-of-the-art and creative working environment, ensuring access to cutting-edge European technology and enhancing its ability to attract young talent. Thus, the Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and to the enhancement of the company’s technology leadership position.

Dividend
In view of the profit of CHF 31.7 million at the net profit level in the 2021 financial year, the Board of Directors proposes to the shareholders for 2021 the distribution of a dividend of CHF 4.00 per share. This corresponds to a payout ratio of 57%.

Changes to the Group Executive Committee
With effect from March 1, 2021, the Board of Directors of Rieter Holding AG appointed Roger Albrecht as Head of the Business Group Machines & Systems and a member of the Group Executive Committee.

Board of Directors and Annual General Meeting
At the 130th Annual General Meeting held on April 15, 2021, the shareholders approved all motions proposed by the Board of Directors. The Chairman of the Board Bernhard Jucker and the Directors This E. Schneider, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi and Luc Tack were confirmed for a further one-year term of office. Stefaan Haspeslagh was newly elected to the Board of Directors for a one-year term of office. This E. Schneider, Hans-Peter Schwald and Bernhard Jucker, the members of the Remuneration Committee who were standing for election, were also each re-elected for a one-year term of office.

Changes to the Board of Directors
The two members of the Board of Directors, Luc Tack and Stefaan Haspeslagh, resigned from Rieter’s Board of Directors with effect from August 30, 2021.

Outlook
Rieter anticipates a gradual normalization of the demand for new systems in the coming months. The company expects demand for wear and spare parts to remain at a good level due to high capacity utilization at spinning mills. For the full year 2022, due to the high order backlog and the consolidation of the businesses acquired from Saurer, Rieter anticipates sales of around CHF 1 500 million. Sales in the second half of 2022 are expected to be higher than in the first half of the year. The realization of sales from the order backlog continues to be associated with risks in relation to the well-known bottlenecks in the supply chains, the ongoing pandemic and the geopolitical uncertainties. Despite the price increases already implemented, the rise in global costs poses a risk to the development of profitability.

• INDA, the Association of the Nonwoven Fabrics Industry, today announced six new board members and its 2022 slate of officers to guide the success of the nonwovens industry and its members.

Elected by the INDA membership to three-year terms that began on March 1, the new board members bring a high level of diverse expertise and insight to the management of the association as it moves forward with its vibrant growth.

“I am delighted to welcome such a strong group of new board members who bring deep industry knowledge and insights to provide strategic stewardship for our association,” said Dave Rousse, INDA President. “We look forward to working with them to advance INDA’s new value proposition to enhance our industry’s leadership position and deliver greater value to our members.”

The new board members are from global leaders Lenzing Group, Bast Fibre Technologies, Reifenhauser Reicofil, Rockline Industries, Hollingsworth & Vose Company and Principle Business Enterprises.  

INDA also announced Bryan Haynes, Ph.D., R&E Technical Director Kimberly-Clark, has been named Chairman of the Board. Barbara Lawless, Vice President Sales and Marketing, Medical Products, Precision Fabrics Group, Inc. has been elected Vice Chair of Finance, and Richard Altice, President and CEO of NatureWorks, has been appointed to INDA’s Executive Committee.

The new board members are:

• Jürgen Eizinger, Senior Commercial Director, Nonwovens Business EU/AM/MEA, Lenzing Group

Eizinger has nearly 20 years of fiber industry experience. He has been with the Lenzing Group since 2001 and most recently was Vice President of the Global Nonwoven Business. He has worked at multiple locations around the world and held various commercial, engineering and technical customer services roles.

• Jim Posa, President and General Manager, Bast Fibre Technologies, Inc.

Posa has 30-plus years of nonwovens experience and has successfully led businesses from startups to some of the largest companies in the nonwovens market. He has developed and implemented strategic business, development, operational and acquisition growth plans. His teams have worked with businesses focused on most of the major end use markets such as hygiene, wipes, filtration, medical and industrial. As a senior executive, Posa has led global businesses at Fiberweb, BP/Amoco, CEO of a Nisseki/Amoco joint venture (ANCI), Lydall, and Nitto America. A long-time INDA supporter, he has previously served on committees and as a Board member.

• Markus Mueller – Sales Director and Board Member, Reifenhauser Reicofil

Mueller brings to the INDA Board 35 years of experience with Reifenhauser in the nonwovens and film industries. His experience has included roles as PLC Engineer, Commissioning Engineer, Project Manager and Sales Manager. Mueller has extensive knowledge of the global hygiene and medical nonwovens markets. He holds a degree in Electrical Engineering from the Technical University of Cologne.

• Matt Koele, Director of Global Materials Development, Rockline Industries

Koele is based at Rockline’s headquarters in Sheboygan, WI.  Before joining Rockline in 2012, he has held several business and Research and Development (R&D) leadership positions at SC Johnson and Kimberly-Clark Corporation. An inventor with over 10 patents, Koele is a magna cum laude graduate of Michigan Technological University in Chemical Engineering.

• Mike Clark, President, Filtration Solutions, Hollingsworth & Vose Company

Clark joined H&V in 2003 and has held numerous leadership positions in the U.S. and Germany. He previously served as the President of the High Efficiency and Specialty Filtration Division from 2009 to 2020.  Before joining H&V, Clark was a strategy consultant for eight years working with Fortune 100 manufacturing companies. He holds a bachelor’s in Mechanical Engineering from Rensselaer Polytechnic Institute.

• Andrew Stocking, Ph.D., President and CEO, Principle Business Enterprises, Inc. (PBE)

Stocking joined PBE in 2017 after a career in engineering, technology, nonprofits and government. He was named President and COO in 2018, then President and CEO in 2020, becoming the third-generation leader of the family-owned organization. He previously held roles in the private sector and within federal government offices, including the Department of Energy and Congressional Budget Office. He earned a BS in Chemical Engineering and an MS in Civil Engineering from Stanford University, and a Ph.D. in Resource Economics from the University of Maryland.

The 21-member board is comprised of elected Board Officers. One-third of the entire Board is elected each year for a three-year term by a majority vote of INDA’s general membership. INDA’s Executive Committee, empowered to act on behalf of the Board between meetings, consists of the Board Officers plus four appointees.

• Mimaki’s Newest Product Series to Transform the Sign Graphics and Textile Markets with Improved Efficiency and Quality 
• Mimaki to launch the 330 Printer Series and the new entry-level cutting plotter series, the CG-AR

Mimaki Europe today announces a brand-new large format inkjet printer series, the 330 Series, including the JV330-160, CJV330-160 and TS330-1600, as well as a new range of CG-AR cutting plotters. Launched during the company’s Global Innovation Days event, the 330 Series leverages Mimaki’s cross-platform strategy, to offer a high-end yet cost effective printing solution across several sectors. Similarly, the CG-AR Series offers users new workflow enhancing, entry-level cutting plotter technologies available in three sizes. Both launches align with Mimaki’s objective to grow both its high-end and entry-level product range, to further encourage and support customers expanding and improving upon their printing services and product offering.

Introducing Mimaki’s latest printers – the 330 Series

Following on from the success of the 100 and 300 Plus Series, the 330 Series was developed to offer mid- to high-end printing models, focusing on high image quality and productivity. As a company renowned for its high-colour range, Mimaki’s newest printers can achieve high resolution, durable prints for both the Sign Graphic and Textile industries. 

The eco-solvent inkjet printers, the JV330-160 and CJV330-160, deliver the high-standard of colour required for indoor and outdoor sign graphics through the new “Deep Color Natural” input profile, offering eye-catching and vivid solid colours, natural skin tones as well as deep reds and neutral greys. With printing speeds of 21.0m2/h during standard mode while using 4 colours, this printer is ideal for print jobs that require quick delivery. The in-built cleaning mechanisms and monitoring features ensure an efficient workflow and allow for longer running times.

Both models feature a newly designed unwinding system that allows three rolls of media to be loaded simultaneously, greatly reducing the time and manpower required to change print media. One operator can bring the desired media into position simply by turning the media changer. Another standard feature is an “XY slitter” - a highly precise cutting technology, which provides in-line X-axis and Y-axis sheet-fed cutting. This eliminates the unwinding and rough cutting from the workflow, helping printers to significantly speed up and streamline the post-process, with less interference needed.

The print-only model JV330-160 as well as the integrated printer and cutter CJV330-160 will be available globally in April 2022.

In addition to the Sign Graphics solutions, Mimaki has also released the TS330-1600, a sublimation transfer inkjet printer, for the textile industry. Enabling both high production and high image quality, and equipped with new functions to improve stable operation, the TS330-1600 can achieve a printing speed of 69m2/h in Draft mode with a 4-colour ink set, with the fastest mode reaching up to 135m2/h. The newest cleaning mechanism applies a cloth wiper that removes unwanted ink from the nozzle surface, reducing ink splatter and improving the overall upkeep of the machine.

Increasing efficiency with entry-level CG-AR plotting cutter series

Alongside the 330 Series, Mimaki has also launched the CG-AR Series plotting cutters. Available in three different sizes (CG-60AR, CG-100AR and CG-130AR), these plotters go above and beyond current entry-level options available today. Recognising customer demand of shorter delivery times, these cutters provide increased speed and accuracy, all with user-friendly operability. In addition, the cutters have the ability to handle a diverse range of materials, such as PVC, fluorescent and reflective sheets.

• IVL commits to being an industry leader in sustainability under ‘Vision 2030’

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today reported a record FY2021 performance as the economic recovery drove demand across the company’s global footprint. 

Mr Aloke Lohia, Indorama Ventures Group CEO, said: “In 2021 we proved the resilience of our global footprint and our integrated portfolio across the polyester value chain. The past two years were an unprecedented period of disruption in which our business model’s robustness and our teams’ agility were tested. Having reset our business plan for the ‘new normal’ era, I have never been more confident in our model, our strategy, and our teams."

2021 Summary

In 2021, IVL delivered Core EBITDA of US$1,743 million (up 55% YoY) on production volumes of 14.72 MMT (up 7% YoY). Consolidated Revenue increased 38% YoY to US$14,629 million as consumer confidence rebounded and the company’s resilient model benefited from rising inflation, energy price hikes and supply chain shocks.

Macroeconomic tailwinds supported IVL’s performance, including government stimulus packages. In premium western markets, higher freight rates improved the company’s local import parity pricing advantage. In the fourth quarter, the introduction of China’s dual control policy widened polyester margins. 

IVL’s largest Combined PET segment posted a 39% increase in Core EBITDA to US$1,103 million in the context of strong demand and low inventories. The resetting of PET contracts in 2022 is expected to capture higher freight rates and the consequent beneficial impact on import parity. The segment is expected to enjoy improved margins in 2022.

Integrated Oxides & Derivatives (IOD) recorded a Core EBITDA of US$377 million, up 228% from a year earlier. With higher oil prices expected to continue into 2022, the segment will continue to benefit from shale gas economics, improving MEG spreads, and upside from Lake Charles (IVOL) ethylene cracker, which resumed operations in late 2021. The Oxiteno acquisition, expected to close in H1 2022, will bring complementary products, green energy innovation, and geographical diversification to the IOD segment.

Fibers segment delivered a 37% increase in Core EBITDA of US$268 million as volumes rose 11%. Margins widened due to tighter markets and a favorable product mix, with setbacks coming from energy and commodity price increases, while the ongoing semiconductor shortage impacted the Mobility vertical.

Mr D K Agarwal, CEO and CFO at Indorama Ventures, said: “The performance was a result of a number of important macroeconomic factors, such as heightened crude oil prices, supply disruptions, and resurgent consumer confidence as vaccinations were rolled out in the pandemic’s second full year. These factors led to improved margins and benefited us as a preferred regional supplier that can react quickly to fulfill our customer needs. Our transformation programs that we started three years ago are also delivering efficiency gains faster than planned. As the world emerges from the pandemic, our increased confidence in IVL’s resilient model sets a strong foundation for further growth through 2024.”

• Renewable Carbon Initiative (RCI) published a strategy paper on the defossilisation of the chemical and material industry with eleven policy recommendations

The Renewable Carbon Initiative, an interest group of more than 30 companies from the wide field of the chemical and material value chains, was founded in 2020 to collaboratively enable the chemical and material industries to tackle the challenges in meeting the climate goals set by the European Union and the sustainability expectations held by societies around the globe.

RCI addresses the core of the climate problem: 72% of anthropogenic climate change is caused directly by extracted fossil carbon from the ground. In order to rapidly mitigate climate change and achieve our global ambition for greenhouse gas emission reductions, the inflow of further fossil carbon from the ground into our system must be reduced as quickly as possible and in large scale.

In the energy and transport sector, this means a vigorous and fast expansion of renewable energies, hydrogen and electromobility, the so-called decarbonisation of these sectors. The EU has already started pushing an ambitious agenda in this space and will continue to do so, for instance with the recently released ‘Fit for 55’ package.

However, these policies have so far largely ignored other industries that extract and use fossil carbon. The chemical and material industries have a high demand for carbon and are essentially only possible with carbon-based feedstocks, as most of their products cannot do without carbon. Unlike energy, these sectors cannot be “decarbonised”, as molecules will always need carbon. The equivalent to decarbonisation via renewable energy in the energy sector is the transition to renewable carbon in the chemical and derived materials industries. Both strategies avoid bringing additional fossil carbon from the ground into the cycle and can be summarised under the term “defossilisation”.

To decouple chemistry from fossil carbon, the key question is which non-fossil carbon sources can be used in the future. Rapid developments in biosciences and chemistry have unlocked novel, renewable and increasingly affordable sources of carbon, which provide us with alternative solutions for a more sustainable chemicals and materials sector. These alternative sources are: biomass, utilisation of CO2 and recycling. They are combined under the term “renewable carbon”. When used as a guiding principle, renewable carbon provides a clear goal to work towards with sufficient room to manoeuvre for the whole sector. It enables the industry to think out of the box of established boundaries and stop the influx of additional fossil carbon from the ground.

The systematic change to renewable carbon will not only require significant efforts from industry, but must be supported by policy measures, technology developments and major investments. In order to implement a rapid and high-volume transition away from fossil carbon, and to demonstrate its impact, a supportive policy framework is essential. The emphasis should be put on sourcing carbon responsibly and in a manner that does not adversely impact the wider planetary boundaries nor undermines societal foundations. An overarching carbon management strategy is required that also takes specific regional and application-related features into account, to identify the most sustainable carbon source from the renewable carbon family. This will allow for a proper organisation of the complex transition from today’s fossil carbon from the ground to renewable energy and to renewable carbon across all industrial sectors.

RCI has developed eleven concrete policy recommendations on renewable carbon, carbon management, support for the transformation of the existing chemical infrastructure and the transformation of biofuel plants into chemical suppliers. The policy paper “Renewable Carbon as a Guiding Principle for Sustainable Carbon Cycles” is freely available for download in both a short version and a long version.

Link for Download: https://renewable-carbon-initiative.com/media/library/

• Record high: 12,338 (+19%) GOTS certified facilities in 79 countries in 2021  

Twenty years after its inception, the textile processing standard for organic fibres records new all-time high figures: 18 GOTS Approved Certification Bodies report a total of 12,338 certified facilities (+19%) in 79 countries (+11%).  

Among the countries with the largest increase in GOTS certified facilities in 2021 are Turkey (+61% to 1.799), Italy (+53% to 894), Germany (+19% to 817), Portugal (+35% to 608), France (+22% to 122), Denmark (+14% to 115), Switzerland (+15% to 61), Belgium (+55% to 59), Sweden (+34% to 51) and Vietnam (+264% to 51).

“What seemed utopian to many in 2002 has become a reality in the past 20 years. We have created an organic textile standard, certified by approved certification bodies, which is accepted in all major markets. GOTS is a standard that gives consumers the power to choose truly organic products sourced from sustainable supply chains.” says Claudia Kersten, Managing Director at GOTS. “Despite ongoing difficulties and uncertainty caused by the Covid-19 pandemic, decision-makers continue to pursue their sustainability goals and value GOTS as a tool to accomplish them”.

The results of the annual GOTS Survey among certified entities underline this. Out of 1.114 respondents (+39%), 63% indicated a permanent shift in their sustainability strategy with a focus on the environment and health of their workers and staff.

Growing interest from industry, the public, and the media drove website visits up an impressive 48%. Media exposure grew by 64% and GOTS social media followers across several platforms jumped by 57%.
“As much as we are pleased with the development so far, we don’t intend to rest on our laurels” adds Rahul Bhajekar, Managing Director at GOTS. “In March 2022 we begin revision for GOTS version 7.0 involving all stakeholders including associations, organisations, companies, and individuals to further advance the progressive, innovative, stringent yet practical standard of GOTS”.

Perlon^® - The Filament Company - headquartered in Munderkingen, Germany, which specializes in the manufacture of synthetic filaments for the Paper-, Brush-, Cosmetics- and Dental industry buys NOWO Products Sp.z.o.o. in Kluczbork, Poland. NOWO is a leading European producer of twisted monofilaments for the global paper industry. Perlon® herewith expands its market leadership in the Paper Machine Clothing segment through this acquisition which is regarded as a vertically integrated investment for the Perlon® Group.

“With the merger of the Perlon^® Group and NOWO, we are reinforcing a company that is geared towards the global paper industry of the future and we are expanding our market leadership in this segment. NOWO is a perfect fit for the Perlon^® Group with its long-term experience and special knowledge in the production of twisted monofilaments and this complements our existing product portfolio well.” states Florian Kisling, CEO of Perlon^®.

The Perlon^® Group will take over NOWO Products with all 40 employees and production lines located in the NOWO factory in Kluczbork, Poland.

ANDRITZ will be presenting its innovative solutions for nonwovens production and textile manufacturing at INLEGMASH 2022 in Moscow, Russia, from March 14 to 17.

AIRLAY TECHNOLOGY
Protecting the environment and conserving natural resources require new technologies. In the textile-related industries, the current challenge is to develop industrially and economically viable solutions to use eco-friendly fibers in nonwovens. ANDRITZ focuses on the airlay nonwoven application for hemp fibers (used in mattress production, insulation, ...) and also geotextile end uses.

TEXTILE RECYCLING TECHNOLOGIES
ANDRITZ Laroche is a leading supplier of fiber processing technologies such as opening, blending, and dosing, airlay web forming, textile waste recycling, and decortication of bast fibers. One focus of this product range lies on complete recycling lines for post-consumer and industrial textile waste to produce fibers for re-spinning and/or nonwoven end uses. ANDRITZ will present recycling technologies for end-of-life textile products that can be used in multiple applications, such as automotive, insulation, mattresses, and furniture felts.

Customer awareness and regulations are pushing apparel brands to recycle their textile waste and use the recycled textile fibers in their own products. To support ANDRITZ customers, a team with process know-how is available to conduct customized trials in our advanced technical center located at the ANDRITZ Laroche facilities in Cours, France.

BAST FIBERS
For the demanding Russian market for technologies based on bast fibers, ANDRITZ will present innovative products and the valorization of bast fibers, in particular hemp.
ANDRITZ Laroche is a player in the textile waste recycling sector, with airlay nonwoven technologies but also bast fiber decortication and cottonizing lines.

These eco-friendly fibers are used to spin yarn mixed with cotton, saving cotton as raw material, which reduces the consumption of water, pesticides applied in its cultivation and chemicals used during the dyeing and finishing processes.

• A springboard for entrepreneurs in the composites industry

In a few years, JEC Composites Startup Booster has became a reference for entrepreneurship in the composites industry worldwide. Each year before JEC World, among the startups that submitted their application, 20 of them are selected. 20 finalists from all over the world who will join the leading composites trade show to pitch their project on stage before a panel of expert judges.

This competition is a unique opportunity to network and shine a light on what will be the future of the composites industry so save the date: the two pitches sessions will happen on May 3rd, and the winners will be named on May, 4th at 2.45 pm at JEC World 2022 in Paris as well as online on JEC World Connect platform. This year’s competition is sponsored by Airbus & Mercedes-Benz (Main Innovation Partners) as well as Magna Exteriors (Innovation Partner).

Launched in 2017, Startup Booster has been organized in three different regions (Europe, USA and Asia) and has already fostered the emergence of 500+ innovative projects from 50+ countries, 80 finalists and 30 winners, including Arevo, Continuous Composites, ComPair, Fortify and Vartega…
This challenge not only represents an opportunity to the winners of the trophy but to all the parts involved: participants, jury, official partners and the worldwide audience of JEC World. It brings the entire composites value chain together, creating future business opportunities.

The 20 finalists are divided into two categories:
• Process, Manufacturing & Equipment
• Materials & Products

The jury includes representatives from major manufacturers and investors:
Jelle BLOEMHOF, Head of Manufacturing Technologies of Composite, Airbus
Karl-Heinz FULLER, Head of Future Outside & Materials Mercedes-Benz AG
Florent ILLAT, Head of Safran Corporate Ventures, Safran
Brian KRULL, Global Director of Innovation, Magna Exteriors
Tim VORAGE, Founder and Manager Growth Garage Accelerator , Mitsubishi Chemicals Advanced Materials

Two pitch sessions of 10 presentations each will be held in the Agora stage (Hall 5), on Tuesday, May 3, from 10am to 11.25am (Category: Products & Materials) and from 4.30pm to 5.55pm (Category: Process, Manufacturing & Equipment). Three winners will be chosen by the jury and one winner for the sustainable aspects of the project. The awards ceremony will be held on Wednesday, May, 4th at 2.45 pm.

Category “Products & Materials”
o Blackleaf (France)
o Dongnam Realize (South Korea)
o FibreCoat (Germany)
o FVMat (Israel)
o Ora Graphene Audio (Canada)
o Pangolin Defense (France)
o Phononic Vibes (Italy)
o Revolve (Germany)
o Smart Resilin (Israel)
o Space Walker (Japan)

Category “Process, Manufacturing & Equipment”
o Antefil Composite Tech (Switzerland)
o ANYBRID (Germany)
o Atomic-6 (USA)
o Carbon-Drive (Germany)
o Continuum (Denmark)
o Fibraworks (Germany)
o Herone (Germany)
o RVmagnetics (Slovakia)
o Touch Sensity (France)
o XARION Laser Acoustics (Austria)