From the Sector

Over 400 employees work hard every day to improve the environmental performance of Radici Yarn’s site. Through teamwork and continuous improvement in energy efficiency, Radici Yarn has obtained ISO 50001 Energy Management Systems certification, which attests to the organization’s commitment to contain and progressively reduce energy consumption.

Radici Yarn, one of the companies in the RadiciGroup Advanced Textile Solutions Business Area, is engaged in the production and sale of polyamide 6 polymer, PA6 and PA66 continuous filament and staple yarn, and other synthetic fibres, including products made of recycled or bio-based materials.

All the processes - polymerization and spinning (Villa d'Ogna plant), as well as warping and draw-warping (Ardesio plant) - are run under constant monitoring with the goal of achieving maximum energy efficiency and lower consumption. Both sites are powered by two hydroelectric power plants owned by Geogreen, a RadiciGroup partner and energy supplier. The share of energy consumption from renewable sources and reduced environmental impact (natural gas) sources  is constantly increasing.

The energy issue has always been a priority for Radici Yarn, whose products serve numerous sectors, including automotive, clothing and furnishings.

"Already at the beginning of the 1990s, Radici Yarn started investing in cogeneration, the simultaneous production of electricity and steam,” pointed out Laura Ravasio, energy manager of Radici Yarn SpA. “We have recently started up an advanced trigeneration plant – a highly efficient system that produces not only electricity and steam, but also chilled water for our production processes. One of the first results recorded in 2021 was a 30% reduction in water consumption. Thus, ISO 50001 certification seemed like the next logical step to take in formalizing a long-term approach to energy.”

The ISO 50001 certification, which is voluntary and valid for a period of three years, was added to the ISO 14001 Environmental and ISO 9001 Quality Management system certifications previously achieved by Radici Yarn.

Sistema Moda Italia confirms its Innovation Area for the 34th edition of Milano Unica, an area which responds to the growing demand for innovation in products, processes and services able to give specific performances or made with innovative and sustainable systems. And right here we find Sitip’s technical fabrics for clothing, with the COSMOPOLITAN Fashion-tech fabrics collection, modern and comfortable, dedicated to contemporary urbanwear/sportswear style and which perfectly meets the new needs required by the market and by the final consumer: performance and design.

COSMOPOLITAN Fashion-tech is declined into urbanwear through the sartorial technical fabrics that the company has defined Techno Sartorial: a tailoring that combines flawless cuts with exceptional fabric performance.

For the production of contemporary urbanwear, thought for the city, Sitip showcases the man’s suit made of jacket+trousers in warp-knit Cosmopolitan Citylife fabric: bi-stretch nylon with UV protection (UPF 50+), quick drying, easy care and skin comfort. Highly performing, breathable, comfortable, insulating and with an exceptional fit: incredible elegance and comfort that enhance the contemporary urbanwear style.

For women, Sitip presents COSMOPOLITAN Fashiontech fabrics dedicated to athleisure, with leggings made - for the summer version - in Cosmopolitan London, a bi-stretch circular knitted fabric, no seethrough, breathable, comfortable on the skin with UV protection (UPF 50+), with easy care and perfect shape retention, and - for the winter version - in Cosmopolitan Paris GZ, a circular knitted fabric raised on the reverse side, with the same properties as the previous one and thermoregulation characteristics.

The Instinct fabric is available in the recycled and raised version NATIVE INSTINCT GZ: a GRS certified thermal fabric made with pre-consumer recycled yarns, bi-stretch, breathable, resistant to pilling, easy care and high comfort, ideal for sporty knitwear and urbanwear part of the NATIVE SUSTAINABLE TEXTILES family, the Sitip fabric collection produced with GRS certified recycled yarns and low environmental impact chemicals with a lower consumption of natural resources , able to respect the environmental and social criteria extended to all the stages of the production chain, including the traceability of raw materials. Sitip also operates in line with international certifications such as OEKO-TEX®, BLUESIGN®, GRS and adheres to the ZDHC gateway, adding to these an ISO 14001 environmental management system, which certifies the company’s commitment to reducing pollution risks.

Intertextile Shanghai Home Textiles – Autumn Edition is scheduled to hold its 28th edition at the National Exhibition and Convention Center from 15 – 17 August 2022. This leading international trade fair in Asia for home and contract textiles will continue to provide an essential business platform for the industry to meet global sourcing demands. Suppliers can now apply for a booth with an early-bird discount to showcase their trending products.
 
Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd commented: “We were pleased that both the Spring & Autumn editions could go ahead in 2021 to provide a strong platform for exhibitors and buyers to do business and network in person during these challenging times. To allow for global participation in the show, we will continue to offer value-adding digital solutions in the coming Autumn Edition to help international participants to stay connected with their Chinese business counterparts and open up new possibilities into the growing Chinese market. Interactive webinars, live streaming product presentations, plus the featured Online Business Matching platform, will all be featured again in the hybrid fair, along with a variety of concurrent onsite events for in-person visitors.”

The August fair is preceded by the Spring Edition which will be held from 14 – 16 April. It will take place concurrently with Intertextile Shanghai Apparel Fabrics, Yarn Expo, CHIC and PH Value at the same venue.

A place for the entire home textile industry to connect
The 2021 Autumn Edition welcomed 20,106 trade buyers from 41 countries & regions and 749 exhibitors from 10 countries & regions during the three-day fair. The show also saw the return of the Belgium Pavilion, where it once again introduced a selection of high-end and premium products in its 10th consecutive year of participation.

In order to allow buyers to benefit from a time-saving and effortless sourcing experience, Intertextile Shanghai Home Textiles 2022 will once again serve as a hub for an array of home textile product categories, including:

• Bedding, Bath, Kitchen & Table
• Upholstery & Sofa Fabrics
• Curtains & Curtain Fabrics
• Carpets & Rugs
• Wall
• Design & Technics
• Whole Home
• Editors
• Contract Business

The Spring Editions of Intertextile Shanghai Apparel Fabrics, Intertextile Shanghai Home Textiles and Yarn Expo will now take place from 14 – 16 April 2022 instead of their original March date. They will continue to be held at the National Exhibition and Convention Center (Shanghai) alongside CHIC and PH Value.
 
“With the evolving situation of the pandemic globally, we have decided to hold our three spring fairs in mid-April,” Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd explained. “At this stage, we are still processing how the Omicron variant affects the hosting of large-scale events, so this new date provides us and our stakeholders with extra time to plan accordingly so we can ensure the fairs take place in a safe environment.”
 
“We are hoping to continue the momentum that was generated at last year’s Autumn Editions where our many returning international exhibitors were well received, as well as to capture the opportunities in the domestic market with strong growth in production, revenue and profit recorded in the first three quarters of 2021.”

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

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

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

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

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

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

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

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

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

Koketa, a brand of premium womenswear based in Peru, has begun sampling leggings, undergarments and workout wear featuring Acteev® Protect fabric. Produced by U.S. manufacturer Ascend Performance Materials, Acteev incorporates the odor-fighting and mildew-destroying antimicrobial benefits of zinc ions embedded into the matrix of superior nylon yarns and fabrics.

“When it comes to what’s closest to your most vulnerable skin, being safe and sanitary is a top priority,” said Juan Daniel Del Carpio, commercial director for Koketa. “The Koketa woman wants beauty, comfort and protection, and a partnership with Acteev makes it easier than ever for us to deliver all three.”

Koketa garments with Acteev feature Koketa’s signature innovative styles, including unique knit patterns, on-trend colors and flattering silhouettes. The Acteev fabric is buttery-soft and breathable yet long-lasting and resistant to pilling.

Additionally, clothing made with Acteev is resistant to unwanted odors, keeping garments as fresh after 100 washes as they are on day one. The active ingredient – labeled safe by the U.S. Food and Drug Administration – targets the bacteria and microbes that can cause odor, mildew and discoloration.

“Zinc is nature’s safeguard,” said Juan Toro, global principal business development leader for Acteev in the Americas. “It is a mineral needed for human health, and we have harnessed its power to protect the garments in a natural, sustainable way.”

Kai-Chieh Kuo, PhD student at the Institut für Textiltechnik (ITA) of RWTH Aachen University, was awarded the German Textile Mechanical Engineering 2021 Best Master's Thesis Award for his master's thesis entitled "Modification of the tube weaving process of fine yarns for the production of woven ultra-low profile stent grafts". The prize is endowed with 3,500€. Peter D. Dornier, Chairman of the Board of the Walter Reiners-Stiftung (Foundation), virtually presented the award on the occasion of the ADD International Textile Conference on 9 November 2021.

Minimally invasive endovascular aortic repair (EVAR) with textile stent-graft systems is nowadays a clinically established therapy procedure for the treatment of abdominal aortic aneurysms (AAA) – pathological bulges of the aorta. Due to the thick profile of the folded stent graft systems, there is currently a high risk of injuring narrowed or highly angulated access vessels from the inside during implantation. Stent graft systems with smaller profiles could provide an improvement, which could overcome complicated access routes through a lower bending stiffness. One possible approach for reducing the system profiles is the use of thin-walled tubular woven fabrics made of ultrafine multifilament yarns (≤20 dtex) as graft material.

Up to now, it has not been possible to process the fine yarns with the required high thread density (>200 threads/cm) and the available weaving technology in order to guarantee sufficient tightness against blood.

In his master's thesis, Kai-Chieh Kuo made high-density tubular weaving of ultra-fine filament yarns possible for the first time by means of suitable modifications to a shuttle loom as well as adaptations in the weaving preparation. In particular, he developed a new innovative reed technology that reduces warp thread friction during the shedding process and thus improves the process stability of the dense tube weaving process of fine yarns.

With the help of the process modification, it was then possible to produce high-density, thin-walled tubular woven fabrics, which were positively evaluated with regard to their suitability for a stent graft. Above all the potential of these tubular fabrics lies in their extremely thin-walled fabric profile, which seals well against blood. By using these new types of tubular fabrics as graft material for stent grafts, the system profile of the folded stent graft system can be reduced without having to compromise the blood tightness of the implant. The technology developed by Mr Kuo is not only applicable to stent graft systems, but also offers great possibilities for use in all other endovascular implants such as trans catheter heart valves, covered stents and small-lumen vascular prostheses.

The Chairman of the Walter Reiners-Stiftung foundation of the VDMA Textile Machinery Association, Peter D. Dornier has awarded prizes to three successful young engineers. The award-winning works provide practical solutions on the topic of circular economy. For example, the recycling of carbon fibres, which are used to produce lightweight components for the automotive industry. Or the environmentally friendly production of yarns from crab shells. Another topic was medical applications: The processing of ultra-fine yarns into stents for aortic repair. The award ceremony took place online on 9 November as part of the Aachen-Dresden-Denkendorf International Textile Conference.  

With a creativity prize, endowed with 3,000 euros, the foundation honoured the diploma thesis of Irina Kuznik, TU Dresden. She used a creative approach to realise solutions for processing chitosan into fibre yarn.

Mr Kai-Chieh Kuo was awarded the diploma/master's thesis promotion prize of 3,500 euros. With his master's thesis, which was written at RWTH Aachen University, Mr Kuo contributes to the production of vital components used in medicine. The stents made of ultra-fine yarns are made possible by an innovative modification of the classic tube weaving process.

The Walter Reiners Foundation rewarded the doctoral thesis of Dr. Martin Hengstermann with the promotional prize in the dissertation category, endowed with 5,000 euros. The thesis deals with the production of recycled carbon fibres. These can be used to produce lightweight components for motor vehicle and aircraft construction or the wind energy sector.

New Prize Sustainability / Circular Economy
The environmental conditions of the textile industry and machine construction are changing. Topics such as climate protection and the circular economy are becoming central. From this perspective, the board of the Walter Reiners Foundation has decided to further develop the foundation's prize system.

In 2022, the foundation will for the first time offer a prize with a focus on design / sustainability. Peter D. Dornier, Chairman of the Foundation, explained: "Already in the design phase, one can set the parameters so that a textile product can be reintroduced after use into the economic cycle for a high-quality application. For example, through the appropriate use of materials and finishing. We are looking for solutions for resource-saving design, technology and manufacturing processes."   

For its 2021 Green Collection, the Italian luxury hosiery brand Sarah Borghi presents a broadened product offer in terms of colors and categories, meeting the needs of a stylish, yet sustainable consumer. By mixing fashion, quality, innovation and research, the tights and stockings powerhouse continues its development in the journey towards a conscious future.

The evolution of the Green Collection, the sustainable hosiery collection first launched in 2020, confirms the efforts of the brand in promoting a new generation of attractive fashion and design which actively encourages and supports a responsible change in culture and smart products offer.

Lately, a decisive step has been added to the brand’s history thanks to the publication of the Integrated Report by Gizeta Calze, Sarah Borghi’s top-notch producer and first Italian company in the hosiery sector to include sustainability throughout its business model. A commitment of responsibility and transparency on a path that has been carried on for years and that, today more than ever, becomes of the utmost importance, as stated by Luca Marzocchi, CEO of Gizeta Calze. The Integrated Report provides a complete view of the business strategy, operating model and governance, which combines financial information with sustainability insights, conceived as complementary to other strategies and, indeed, essential for increasing business value.

The collection
The collection presents a range of versatile, colorful products combined with extra-luxury comfort and designed for every type of woman: from seductive tights to everyday socks, together with knee- highs, up to athleisure with leggings.
 
The responsible collection features two new generation materials. One is Amni Soul Eco®, the world’s first biodegradable in anaerobic conditions polyamide 6.6 yarn that degrades in around 5 years* after disposing of in landfill, developed by SOLVAY and produced and distributed by FULGAR. The other is ROICA™ V550 by leading fiber manufacturer Asahi Kasei, a premium sustainable stretch yarn boasting the Gold Level Material Health Certificate by Cradle-to-Cradle Product Innovation Institute** as it has been evaluated for impact on human and environmental health. Moreover, it smartly breaks down without releasing harmful substances in the environment according to Hohenstein Environment Compatibility Certification. Key elements that makes ROICA™ V550 a precious choice when it comes to Circular Economy material approach.

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

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

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

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

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

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

* See attached document for more information.