From the Sector

Stephan Trubrich assumed the new role as Vice President Capital Markets, effective as at March 01, 2020. In his capacity, Trubrich will oversee the Lenzing Group’s capital markets activities, including Investor Relations and ESG (Environmental, Social & Governance) Reporting. He will report directly to Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

Stephan Trubrich has more than 9 years of experience in the field of equity research with Kepler Cheuvreux, UniCredit and Deutsche Bank. For many years, he has been Austria’s top ranked equity analyst. Trubrich holds a Master’s Degree in Science in Accounting and Finance from Aston Business School, UK. He is also a CFA Charterholder.

Stephanie Kniep, Head of Investor Relations, will leave Lenzing, effective as of April 30, 2020 to pursue new endeavors.

Following its installation at several major yarn manufacturers in China, the first wiping robot has now been operating in India since the end of 2019. As already the case with our Chinese clients, the performance of the Oerlikon Barmag solution there demonstrates the same properties: an even, high-quality wiping process providing considerably reduced yarn break rates and higher full package rates. Regular wiping (cleaning) of the spin packs is important for process stability and yarn quality.

The performance data at the Indian yarn manufacturer was collated and evaluated over a period of three months. The results revealed that the yarn break rate has – regardless of the product – fallen by almost 30%. The former running time breaks have decreased by 10% and string-up breaks by 40%. Consequently, full package rates have risen by 3%, while waste rates have fallen by 0.2%. “Yarn breaks are always an issue; they have a direct impact on the production figures. This is where the wiping robot reveals its added value”, comments Stephan Faulstich, Technology Manager POY. The system automatically and autonomously controls the individual positions in accordance with the scheduled wiping cycles. In addition to the scheduled wiping processes, there are also events that cannot be planned or that are not immediately visible. Here, the wiping robot – as a result of its management functionalities – is able to identify issues such as yarn breaks or parallel wiping processes and to independently offer solutions. The same also applies to manual requests: if another action is simultaneously required here, the system identifies this and offers solutions.

The wiping robot operates in a cross-line manner. In contrast to manual wiping, the cleaning quality remains constant around the clock, considerably reducing the impact of the wiping on both the spinning plant process stability and on the yarn data of the spun yarn. And production times can be increased between two cleaning cycles as well: whereas repeated wiping is required after 48 hours in the case of manual wiping, utilizing the robot extends the interval between two wiping processes to up to 60 hours. The considerable increase in the spinning process efficiency achieved by the wiping robot also has a positive impact on margins. To this end, one customer deploying the wiping robot was able to reduce its production costs for the same yarn by more than 3%.

Net result impacted by operating losses and high impairments in North America

In 2019, Autoneum grew organically by 2.5% and has thereby significantly outperformed the declining market. In Swiss francs, revenue rose slightly to CHF 2 297.4 million. However, as previously communicated, operational inefficiencies in North America and impairments on fixed assets in that region had a particularly strong impact on profitability and led to a net loss of CHF –77.7 million. The Board of Directors therefore proposes that no dividend bedistributed for the 2019 financial year. Based on the new turnaround program launched in North America at the beginning of this year, significant profitability increases are expected for 2020.

2019 was an extremely challenging year for the automobile industry. The continuing weakness of the global economy, ongoing trade disputes and the increasing regulation of mobility impacted vehicle demand negatively. But 2019 was also a year of change for Autoneum internally. An in-depth analysis carried out by the new Group Management in the fall showed a need to reevaluate the Group’s performance over the short- to medium-term. In Business Group North America, the operational and commercial problems have proven more extensive than originally assumed. As a result, the turnaround program launched in spring 2019 was replaced at the beginning of 2020 with a dedicated and far more comprehensive program for the North American sites.

Revenue growth despite a shrinking global market
As a result of weak demand, the number of light vehicles produced worldwide fell again sharply in 2019 compared to the previous year; whereby the decline of almost –6% was much steeper than in 2018. Thanks to numerous production ramp-ups and a favorable model portfolio, Autoneum generated organic revenue growth1 of 2.5%, despite the global market cooling. Revenue consolidated in Swiss francs rose by 0.7% from CHF 2 281.5 million to CHF 2 297.4 million.

Profitability2 impacted by operational inefficiencies and impairments
Operational inefficiencies in North America and impairments on fixed assets in this region were the main reason for the – first-ever – negative net result in 2019. In addition, the sharp drop in automobile production in Europe and China as well as associated lower utilization of production capacities in the affected Business Groups also burdened the Group’s profitability. EBITDA excluding IFRS 16 effects decreased to CHF 126.0 million (2018: CHF 197.2 million), which corresponds to an EBITDA margin of 5.5% (2018: 8.6%). One-time charges from impairments in the amount of CHF –68.0 million had a negative impact on EBIT, reducing it to CHF –32.9 million (2018: CHF 114.1 million). Without these one-time charges, EBIT amounted to CHF 35.0 million. The EBIT margin 1 Change in revenue in local currencies, adjusted for hyperinflation. 2 The figures for the 2019 financial year include IFRS 16 effects. Autoneum Management Ltd . Media Release . March 4, 2020 Page 2/5 excluding impairments was at 1.5% in 2019, and taking those into account the margin decreased to –1.4% (2018: 5.0%).

Neu konzipierte „Fair & Convention for Hightech Textiles” am 9./10. Juni 2020 erstmals im attraktiven Ambiente des Carlowitz Congresscenters in der Chemnitzer City / Umfangreiches Fachprogramm in kompakten Formaten und Ausstellung eng verknüpft

Nachhaltigkeit, Ressourceneffizienz und diesbezüglich orientierte Innovationen sind die bestimmenden Themen der 8. mtex+ . Die erstmals als dialogorientierte „Fair & Convention for Hightech Textiles“ konzipierte Veranstaltung findet am 9./10. Juni 2020 im neuen Carlowitz Congresscenter* in der Chemnitzer City statt.

Zum umfangreichen Fachprogramm gehört das von einer Sonderschau begleitete „Forum für TechTextile Nachhaltigkeit“, zu dem die Inntex GmbH, Chemnitz, einlädt. „Wir haben beispielsweise biobasierte Faserroh- und Faserverbundwerkstoffe im Blick; ebenso das Design for Recycling, die Sekundärnutzung textiler Rohstoffe sowie den Einfluss sich ändernder gesellschaftlicher Rahmenbedingungen auf neue Geschäftsmodelle“, erläutert Inntex-Geschäftsführer Torsten Brückner. „Dazu planen wir offene Workshops sowie eine Praxis-Exkursion in das nahe gelegene Sächsische Textilforschungsinstitut.“

Das vom Bundeswirtschaftsministerium geförderte Kooperationsnetzwerk Textilrecycling „re4tex“ vermittelt in Kurzvorträgen und einer Podiumsdiskussion u. a. aktuelles Know-how zur Wiederaufbereitung von Carbonfaser-Verbundmaterialien sowie zum Recycling von Smart Textiles. Im Netzwerk wirken mehr als 20 Partner aus Forschung, Textilherstellung und Textilmaschinenbau mit.

„Nachhaltigkeit und Ressourceneffizienz sind die Megatrends der Zukunft. Europas vorwiegend mittelständisch strukturierte Textil- und Bekleidungsbranche braucht dafür auf gegenseitigem Vertrauen basierende Kooperationen über Branchen- und Ländergrenzen hinweg“, betont Dr.-Ing. Jenz Otto, Hauptgeschäftsführer des Verbandes der Nord-Ostdeutschen Textil- und Bekleidungsindustrie e. V. (vti). „Der neue, attraktive Veranstaltungsort der mtex+ ist dafür ‚atmosphärisch‘ die ideale Location.“

Featuring the innovative ISKO’s R-TWO™ program, the collection has a new take on sustainability: it relies on fabrics made of reused and recycled materials as well as an advanced design research for the development of a new, conscious style.

Sustainability through the use of highly responsible materials and the experimentation of fits: this is Reloved, the new collection developed by haikure in partnership with leading denim ingredient brand ISKO. Presented with an exclusive preview during Milan Fashion Week, it is an act of love for the planet, the environment and the people.

The project perfectly embodies all the values that made the longstanding partnership between the two brands possible – a responsible approach to innovation and the development of cutting-edge concepts.

Taking into account both materials and design, Reloved features the pioneering ISKO’s R-TWO™ program, which relies on a blend of reused cotton and recycled polyester.

During the processing of raw cotton into yarn, for every 100 kilos of cotton approximately 10% is lost. ISKO collects it and prevents it from becoming waste, adding it back into the spinning process obtaining cotton that is fully traced, documented and audited. This verification process has been invented by ISKO in partnership with its yarn supplier Sanko, offering full clarity into the traceability of reused cotton from field to fabric. It is also certified with the Content Claim Standard – or CCS – of the Textile Exchange.

Recycled polyester comes from clear plastic bottles or, alternatively, it can come from other certified waste: in either case the source material is collected, sorted, stripped of labels and caps, and cleaned to be ground into plastic pellets. These can then be re-spun into new fiber filaments.

Depending on the content percentages, for the recycled polyester ISKO can provide either the Recycled Claim Standard (RCS) or Global Recycled Standard (GRS) certifications, both of which track the recycled raw material through the supply chain from input to final product to verify its integrity.

Designed to tackle over-sourcing, the platform improves the environmental performance impact of yarn-to-fabric production. As ISKO’s latest responsible evolution, ISKO’s latest responsible evolution has resulted also in the perfect solution to enhance the responsible character of the Reloved collection.

The collection’s fresh and innovative take on style combines unisex concepts and oversized fits, is available in one shade of color featuring a variety of prints and is crafted with the planet and its inhabitants in mind. To provide full clarity and traceability from field to shelf, materials and processes are kept under the control of Made By, an independent agency that controls the social and environmental conditions of all elements of the production process.

“haikure and ISKO have always shared the same values and approach to innovation,” explained Elena Faleschini, ISKO Global Field Marketing Manager. “When we have the opportunity to work together, we know that the result is going to be astounding. Reloved is a testament to how fashion can be both innovative and responsible, without compromising on style.” A preview of Reloved was presented on Febuary 22nd, during a special happening that took place at Clan Upstairs (Vicolo Fiori 2, Milan), gathering friends, partners and denim lovers.

Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that it has joined ‘The Denim Window’ as its showcase company for color and effect technologies.

The Denim Window is a showroom located in Amsterdam, Netherlands, and dedicated to providing apparel brands with inspiration, sustainability and innovation for their denim collections. Created and curated by Silvia Rancani, a passionate denim consultant with a unique flair for fashion and technology, The Denim Window connects carefully selected companies with brands through exclusive events and showcases at The Denim Window location.

The Denim Window allows its visitors to find in one single place fabric mills, garment makers, chemical suppliers, fiber and trim producers, where designers, product developers, fashion students, denim lovers & emerging talents are invited to review and learn more about the products, aiming to stimulate creativity and innovation through collaborations.

The Denim Window and Archroma will regularly organize workshops to support brands and retailers with systems and inspiration to create denim colors and effects in “The Archroma Way: safe, efficient and enhanced. Because it’s our nature!”.

The company, which made the headlines with innovations such as its aniline-free* Denisol® Pure Indigo or its EarthColors® range of dyes based on non-edible biomass waste from the herbal and agricultural industries, participated to the recent exhibition organized at The Denim Window in Amsterdam on 23 January to celebrate Chinese New Year with the new Denim Window 2020 member companies.

“Amsterdam has developed as one of the world’s denim cities with global meet-ups and events, and now the conferences, workshops and permanent showroom of The Denim Window”, explains Umberto Devita, Business Development Manager for Denim & Casual Wear at Archroma. “The Denim Window, Archroma and the other member companies share the same passion for creativity, innovation and denim with a soul, and that makes us a match made in heaven. We are very excited to have been given this opportunity to collaborate the Denim Window dream team!”

For the sixth time now, Oerlikon Nonwoven will be showcasing market- and customer-oriented solutions for hygiene, medical, filtration and other technical applications at the globally-leading nonwovens trade fair INDEX in Geneva, Switzerland. Between March 31 and April 3, 2020, visitors to the trade fair can convince themselves of the Neumünsterbased systems constructor’s extensive product and process know-how.

Comprehensive spunbond portfolio – always the right solution
Oerlikon Nonwoven meanwhile has a very broad range of spunbond technology products and services. The process for manufacturing geotextiles from polyester or polypropylene has been optimized; it is characterized by high production capacities and yields, with simultaneously low energy consumption for producing benchmark nonwoven products.

For the manufacture of hygiene nonwovens, Oerlikon Nonwoven offers its new QSR (Quality Sized Right) systems. Here, the benefits of the Chinese machine construction partner’s nonwoven formation are integrated into the complete solution. The advantage for nonwovens producers: highly competitive solutions at attractive prices with comparably low investment.

Cost-efficiently manufacturing meltblown nonwovens
New, unique and highly sophisticated filter media can be easily and efficiently manufactured thanks to Oerlikon Nonwoven’s optimized meltblown technology. Whether as a stand-alone system with one or several positions, as ‘plug & produce’ installations for already existing systems or in conjunction with other technologies: the Oerlikon Nonwoven meltblown process already enables the cost-efficient manufacture of meltblown nonwovens with the quality requirements of tomorrow. Ever more producers are choosing the meanwhile extensively tried-and-tested and consistently further-developed Oerlikon Nonwoven meltblown solutions.

Airlaid technology for the nonwovens of tomorrow
Pulp or cellulose fibers as raw material for manufacturing nonwovens are currently virtually unrivaled with regards to sustainability and environmental compatibility. The Oerlikon Nonwoven airlaid process is the ideal solution for processing this raw material into high-end products for a wide range of applications. Today, there is huge demand for manufacturing solutions for high-quality, lightweight airlaid nonwovens with economically attractive production speeds and system throughputs. In this area, the patented Oerlikon Nonwoven formation process – which also permits the homogeneous mixing of the most diverse raw materials, while simultaneously guaranteeing superb evenness and homogeneous fiber laying – is setting standards even for nonwovens with low running meter weights. And the benefits of this technology are also increasingly gaining significance in sustainable recycling applications.

P&G patented PHANTOM technology from Teknoweb Materials
Also being showcased at the trade fair stand is the P&G patented PHANTOM technology from Teknoweb Materials, Oerlikon Nonwoven’s strategic partner for hygiene products and wipes. The PHANTOM technology is released to Teknoweb Materials by P&G in worldwide exclusive license. The PHANTOM technology is the superior dry laid alternative technology for manufacturing wet wipes from pulp and polymer fibers, for example. Compared to conventional, known processes, this technology offers superior performances with cost advantage in much more eco-friendly products. Dispensing with hydroentanglement renders subsequent drying of the material redundant. Targeted process management allows the optimal setting of the relevant product parameters such as softness, tenacity, dirt absorption and liquid absorption.

A New Concept of Two Consecutive Editions with 1,000+ Featured Brands.

STITCH & TEX EXPO- AFRO EDITION, distinguished as “Africa’s Premiere Sourcing Trade Fair for Textile Technologies”; is tremendously featuring the presence of over 1000 brands from 37 countries to serve over 40,000 visitors from Egypt and the entire African continent.

STITCH & TEX EXPO - AFRO EDITION; will be held with the new concept of organizing two consecutive trade fairs; The first trade fair is dedicated to garment processing technologies including Sewing, Embroidery, Fabrics and their Accessories; While the second is dedicated to textile processing technologies including Weaving, Spinning, Knitting,  and Dyeing Machinery, Technologies and Spare Parts;  The two events are held under the giant brand STITCH & TEX EXPO - AFRO EDITION; and will be held in the prestigious venue Cairo International Conventions and Exhibitions Center- Egypt during the period 27 February - 1 March 2020 and 5 -8 March 2020 consecutively.

Riri and Coeurdor announce that they are creating the largest metal accessories group dedicated to the high-end luxury brands. The combination of the two companies will result in a unique value proposition, offering the full range of metal trims. This will allow luxury brands to simplify their supply-chain and benefit from unique innovation capabilities, including new technology like 3D printing and stainless steel. They will also rely on a production network that spans from France, Italy, Switzerland to Portugal, offering maximum flexibility and security of supply adapted to the fashion market requirements.

Founded in 1951 and headquartered in Maîche (France), Coeurdor is a manufacturer of metal accessories for the luxury industry. The company is specialized in surface finishings and manufacture of metal products for Luxury leather goods, with production facilities in France and Portugal. The company is well-known for the quality of its products, its innovation capabilities and strong customer relationships.

Founded in 1936 and headquartered in Mendrisio (Switzerland), Riri is a well-known brand, producing zippers and buttons, through Riri and Cobrax brands, mostly for the high-end luxury market. Riri is the privileged choice of many brands in light of high quality of the creations released season after season, ever-ending effort in terms of innovation, personalization of details and high service levels. The company has a world commercial presence, with commercial offices in Paris, New York City, Los Angeles, Hong Kong and Shanghai and four manufacturing sites across Switzerland and Italy.

Robert Jeambrun, Chairman of Coeurdor said: “We are very excited to open this new chapter of our history together with Riri. We believe the two organizations share the same values, including a focus on innovation and dedication to high service levels for our customers. Crossing our path with Riri will enable us to continue our growth story and increase our financial means, becoming the supplier of choice of high-end luxury brands.”

Renato Usoni, CEO of Riri Group said: “We are welcoming the Coeurdor family. The alliance of the two groups will create a new leader in the market with a unique business model and industrial means capable of supplying all metal pieces needed by our clients, from zippers to buttons and metal trims, all at once. The combined offering will be highly synergetic and will allow our clients to better industrialize their supply chains and benefit from unique innovation capabilities.”

From smart collections born from the collaboration with style-setting brands to the company’s ultimate yarns, the cutting-edge ingredients empowering sportwear with a responsible attitude.

For the 2020 edition of ISPO Munich, the influential fashion and textile fair dedicated to sportwear and athleisure-wear, ROICA™ has created an interactive booth inviting visitors to explore a backward path from the final sportwear to the yarn. The sustainable premium stretch fiber by leading materials manufacturer Asahi Kasei, has conceived the exhibition as a sort of ‘reversed’ journey in three acts.

THE NEXT LEVEL – For ROICA™, being a world’s leader in smart stretch is not enough. The company shows that responsible innovation is not only about how the premium yarn is made but its functionalities as well. “It’s time to go to the next level of innovation: empowering sustainability with additional performances”. At ISPO, ROICA™ presents the new Global Recycled Standard -GRS- certified ROICA™ EF which innovates with excellent dyability and the Cradle to Cradle Material Health Gold level-certified ROICA™ V550 yarn which allows excellent and durable printability.

THE ‘REVERSED’ JOURNEY: the first section of the backwards path showcases ROICA™’s ultimate collaborations for the contemporary wardrobe with leading brands. Guests are then guided to explore the cutting-edge innovation interwoven into high- performing textiles and finally led to discover the company’s sustainable yarns and ultimate products.