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(c) Schoeller Textil AG
19.07.2021

Change in leadership at Schoeller Textil AG: Kath succeeds Winkelbeiner

Schoeller Textil AG, the Swiss textile and technology company, announces a shift in leadership as Joachim Kath takes over as CEO. Following a 10-year career at the global textile solutions brand, CEO Siegfried Winkelbeiner is moving into his retirement later this month. Joachim Kath, who comes from the chemical industry, has been working closely with Winkelbeiner as COO at Schoeller for the past year and a half.

Schoeller Textil AG, the Swiss textile and technology company, announces a shift in leadership as Joachim Kath takes over as CEO. Following a 10-year career at the global textile solutions brand, CEO Siegfried Winkelbeiner is moving into his retirement later this month. Joachim Kath, who comes from the chemical industry, has been working closely with Winkelbeiner as COO at Schoeller for the past year and a half.

The transition comes after long-term planning. Since February 2020, and in close partnership with Siegfried Winkelbeiner, Joachim Kath (on the left) has been preparing as Schoeller COO to take over its management. Joachim Kath originally comes from Flensburg (DE) and, following his studies of Chemical Engineering in Karlsruhe, shaped his professional career in the chemical industry with Ciba (-Geigy) / BASF in Basel (CH). His career over 30 years has incorporated engineering, production and marketing & sales in diverse management functions – in a wide range of business segments for various industries and areas of application around the globe. Joachim Kath spent 12 years of his career dedicated to textile finishing, with a period of intensive travel in Asia and a 3-year stay in the USA.

Asked how he sees himself, Joachim Kath said: “The common thread running through all my assignments and business activities is process orientation, interest in new paths, and an instinct for what is feasible – with the goal of achieving customer benefits and satisfaction. Kath aims to ensure that Schoeller can continue to face the challenges of changing market requirements with outstanding and exceptional products, while evolving and innovating to stay ahead of consumer needs for the future. High performance capability, sustainable product development, premium quality, reliability, productivity, and keeping the customer as the central focus of all activities continue as essential keys to Schoeller’s continued business success.

Source:

Schoeller Textil AG

Hudson-Sharp welcomes Jason Beauleau as new Regional Sales Executive (c) Hudson-Sharp / Barry-Wehmiller
Jason Beauleau as new Regional Sales Executive
08.07.2021

Hudson-Sharp welcomes Jason Beauleau as new Regional Sales Executive

Bag-converting equipment manufacturer Hudson-Sharp—part of Paper Converting Machine Company (PCMC) and Barry-Wehmiller’s converting equipment platform—is pleased to announce that Jason Beauleau has joined the company as Regional Sales Executive.

In his new role, Beauleau will be responsible for the Midwest region, as well as for serving multiple key customers. He will be replacing longtime Sales Executive John Krebsbach after he retires on Oct. 1, 2021. Beauleau has more than 25 years of experience in the packaging and printing industry, including 20-plus years with PCMC.

Bag-converting equipment manufacturer Hudson-Sharp—part of Paper Converting Machine Company (PCMC) and Barry-Wehmiller’s converting equipment platform—is pleased to announce that Jason Beauleau has joined the company as Regional Sales Executive.

In his new role, Beauleau will be responsible for the Midwest region, as well as for serving multiple key customers. He will be replacing longtime Sales Executive John Krebsbach after he retires on Oct. 1, 2021. Beauleau has more than 25 years of experience in the packaging and printing industry, including 20-plus years with PCMC.

ISKO launches ISKO™ World (c) ISKO, SANKO TEKSTIL
05.07.2021

ISKO launches ISKO™ World

ISKO, a leading denim ingredient brand, launches the first phase of ISKO™ World – a virtual reality experience that serves as a new and engaging way of widely communicating ISKO’s company vision, its vast collection of products and technologies, as well as its brand values.

Designed to emulate the look and feel of a traditional sales showroom, ISKO™ World is an additional, informative resource for all ISKO website visitors, as well as the company’s sales and marketing teams to use when meeting with current and new and future partners. It can be used as an educational space to explore, interact with and learn about the latest collection or initiatives. In particular, there is a room dedicated to ISKO’s ongoing commitment to Responsible Innovation™, with detailed information about how the company is approaching its environmental and social responsibilities throughout every aspect of the business.

ISKO, a leading denim ingredient brand, launches the first phase of ISKO™ World – a virtual reality experience that serves as a new and engaging way of widely communicating ISKO’s company vision, its vast collection of products and technologies, as well as its brand values.

Designed to emulate the look and feel of a traditional sales showroom, ISKO™ World is an additional, informative resource for all ISKO website visitors, as well as the company’s sales and marketing teams to use when meeting with current and new and future partners. It can be used as an educational space to explore, interact with and learn about the latest collection or initiatives. In particular, there is a room dedicated to ISKO’s ongoing commitment to Responsible Innovation™, with detailed information about how the company is approaching its environmental and social responsibilities throughout every aspect of the business.

Every product on display has been fully rendered as opposed to using 360° photography to make the site scalable and easy to update with fresh, new content on a regular basis. ISKO will continue to develop and add new rooms and functionalities to the site with the aim of positioning ISKO™ World as an indispensable part of the ISKO experience for visitors. The site was created in collaboration with Like Digital & Partners and Moyosa media, experts in creating digital experiences, and is designed for use on desktop or mobile devices.

More information:
Isko ISKO™ World digital Denim
Source:

ISKO / Menabò Group

05.07.2021

Infinited Fiber Company raises EUR 30 million from new Investors

Circular fashion and textile technology group Infinited Fiber Company has secured investments totaling 30 million euros in its latest financing round completed on June 30. The round also brought Infinited Fiber Company new investors, including sportswear company adidas, Invest FWD A/S, which is BESTSELLER’s investment arm for sustainable fashion, and investment company Security Trading Oy. Among the existing investors contributing to this round of financing were fashion retailer H&M Group, who was the lead investor, investment company Nidoco AB, and Sateri, the world’s largest viscose producer and a member of the RGE group of companies.

Circular fashion and textile technology group Infinited Fiber Company has secured investments totaling 30 million euros in its latest financing round completed on June 30. The round also brought Infinited Fiber Company new investors, including sportswear company adidas, Invest FWD A/S, which is BESTSELLER’s investment arm for sustainable fashion, and investment company Security Trading Oy. Among the existing investors contributing to this round of financing were fashion retailer H&M Group, who was the lead investor, investment company Nidoco AB, and Sateri, the world’s largest viscose producer and a member of the RGE group of companies.

This securement of new funding follows Infinited Fiber Company’s April announcement of plans to build a flagship factory in Finland in response to the strong growth in demand from global fashion and textile brands for its regenerated textile fiber Infinna™. The factory, which will use household textile waste as raw material, is expected to be operational in 2024 and to have an annual production capacity of 30,000 metric tons. The new funding enables Infinited Fiber Company to carry out the work needed to prepare for the flagship factory investment and to increase production at its pilot facilities in the years leading to 2024.

“We are really happy to welcome our new investors and grateful for the continued support from our older investors,” said Infinited Fiber Company co-founder and CEO Petri Alava. “These new investments enable us to proceed at full speed with the pre-engineering, environmental permits, and the recruitment of the skilled professionals needed to take our flagship project forward. We can now also boost production at our pilot facilities so that we can better serve our existing customers and grow our customer-base in preparation for both our flagship factory and for the future licensees of our technology.”

H&M Group is one of Infinited Fiber Company’s earliest investors. They first invested in Infinited Fiber Company in 2019.

H&M Group has also signed a multiyear sales deal with Infinited Fiber Company to secure its access to agreed amounts of Infinna from the planned flagship factory.

New investor BESTSELLER has struck a similar sales deal with Infinited Fiber Company.

In addition to strong interest by global fashion leaders, the technology has significant promise for major textile fiber producers. Allen Zhang, President of Sateri, said: “Sateri is excited to continue to invest in and collaborate with Infinited Fiber Company as part of our long-term commitment towards closed-loop, circular and climate-positive cellulosic fibers. This financing round marks a major milestone for our collaboration in scaling up next-generation fiber solutions.”

Infinited Fiber Company’s flagship plant preparations are also proceeding on other fronts. Several Nordic and international investment banks have given Infinited Fiber Company proposals on the financing options for the investment.

Infinited Fiber Company’s technology turns cellulose-based raw materials, like cotton-rich textile waste, into Infinna, a unique, premium-quality regenerated textile fiber with the natural, soft look and feel of cotton. Infinna is biodegradable and contains no microplastics, and at the end of their life, garments made with it can be recycled in the same process together with other textile waste.

Source:

Infinited Fiber Company

Infinited Fiber and Patagonia seal Multiyear Sales Deal (c) Infinited Fiber Company
28.06.2021

Infinited Fiber Company and Patagonia seal Multiyear Sales Deal

Outdoor apparel company Patagonia and circular fashion and textile technology group Infinited Fiber Company have signed a multiyear sales agreement for Infinited Fiber Company’s unique, premium-quality regenerated textile fiber Infinna™, which is created out of textile waste. The move marks a major milestone for both companies towards making textile circularity an everyday reality: The deal guarantees Patagonia access to the limited-supply fiber over the coming years and secures future sales income for Infinited Fiber Company as it ramps up production.

Infinna is a unique, virgin-quality regenerated textile fiber with the soft and natural look and feel of cotton. It is created from cotton-rich textile waste that is broken down at the molecular level and reborn as new fibers. Because it’s made of cellulose – a building block of all plants – Infinna is biodegradable and contains no microplastics to clog our seas. Clothes made with it can be recycled again in the same process together with other textile waste.

Outdoor apparel company Patagonia and circular fashion and textile technology group Infinited Fiber Company have signed a multiyear sales agreement for Infinited Fiber Company’s unique, premium-quality regenerated textile fiber Infinna™, which is created out of textile waste. The move marks a major milestone for both companies towards making textile circularity an everyday reality: The deal guarantees Patagonia access to the limited-supply fiber over the coming years and secures future sales income for Infinited Fiber Company as it ramps up production.

Infinna is a unique, virgin-quality regenerated textile fiber with the soft and natural look and feel of cotton. It is created from cotton-rich textile waste that is broken down at the molecular level and reborn as new fibers. Because it’s made of cellulose – a building block of all plants – Infinna is biodegradable and contains no microplastics to clog our seas. Clothes made with it can be recycled again in the same process together with other textile waste.

In April, Infinited Fiber Company announced plans to build a flagship factory in Finland to meet the growing demand for Infinna from global fashion brands. It is currently supplying customers from its R&D and pilot facilities in Espoo and Valkeakoski, Finland. The planned flagship factory will have an annual production capacity of 30,000 metric tons, which is enough fiber for roughly 100 million T-shirts made with 100% Infinna. Infinited Fiber Company expects to have sold the new factory’s entire output for several years during 2021.

More than 92 million metric tons of textile waste is produced globally every year and most of this ends up in landfills or incinerators. At the same time, textile fiber demand is increasing, with Textile Exchange estimating the global textile fiber market to grow 30% to 146 million metric tons by 2030 from 111 million metric tons in 2019. Infinited Fiber Company’s fiber regeneration technology, which uses cellulose-rich waste streams as its raw material, offers a solution both to stop waste from being wasted and to reduce the burden of the textile industry on the planet’s limited natural resources.

24.06.2021

Lectra: Acquisition of Neteven

Lectra announces the signature of an agreement to acquire the entire capital and voting rights of the French company Neteven.

The transaction concerns the acquisition of 80% of Neteven for 12.6 million euros right now. The acquisition of the remainder of capital and voting rights will take place in June 2025, for an amount between 0.6 to 0.9 times 2024 recurring revenues.

Founded in 2005, Neteven has developed a particularly innovative offer, based on a SaaS platform and associated services, which enables brands to simplify and effectively monitor the distribution of their products on the world’s largest online marketplaces.

The SaaS platform centralizes the product catalog and information on stock levels, sales prices and orders, in order to automate and facilitate distribution on online marketplaces.
Neteven helps its customers save time when managing their distribution channels and gain greater local and international visibility of their products in order to reach more consumers. The Neteven team provides its technological and services expertise to prestigious brands to help them optimize their e-commerce strategy.

Lectra announces the signature of an agreement to acquire the entire capital and voting rights of the French company Neteven.

The transaction concerns the acquisition of 80% of Neteven for 12.6 million euros right now. The acquisition of the remainder of capital and voting rights will take place in June 2025, for an amount between 0.6 to 0.9 times 2024 recurring revenues.

Founded in 2005, Neteven has developed a particularly innovative offer, based on a SaaS platform and associated services, which enables brands to simplify and effectively monitor the distribution of their products on the world’s largest online marketplaces.

The SaaS platform centralizes the product catalog and information on stock levels, sales prices and orders, in order to automate and facilitate distribution on online marketplaces.
Neteven helps its customers save time when managing their distribution channels and gain greater local and international visibility of their products in order to reach more consumers. The Neteven team provides its technological and services expertise to prestigious brands to help them optimize their e-commerce strategy.

More information:
Lectra, PLM
Source:

Lectra

Lenzing awarded several times Internationalization (c) Lenzing AG
17.06.2021

Lenzing awarded several times Internationalization

  • First place in the Austria’s Leading Companies business competition
  • Winner of the Global Player Award for successful internationalization

Lenzing AG has two renowned national awards to celebrate. Austria’s Leading Companies (ALC), which was held on Wednesday, June 16, 2021, again recognized the country’s most successful companies. In a competition organized by PwC Austria, Die Presse newspaper and KSV1870, a credit protection firm and business platform, Lenzing won first prize in the “Climate protection” category.

At the ALC Awards, the company’s performance is what counts. Balance sheet figures and sales and earnings growth over the past three fiscal years, alongside a weighted system of key performance indicators, ensure that the results are objective. A carefully selected jury then decides on the final ranking across the various categories. “In these challenging times for the economy, the ALC Award offers valuable recognition and motivation for the future. In periods of crisis, innovation, moving with the times and a change of perspective are crucial”, added the organizers.

  • First place in the Austria’s Leading Companies business competition
  • Winner of the Global Player Award for successful internationalization

Lenzing AG has two renowned national awards to celebrate. Austria’s Leading Companies (ALC), which was held on Wednesday, June 16, 2021, again recognized the country’s most successful companies. In a competition organized by PwC Austria, Die Presse newspaper and KSV1870, a credit protection firm and business platform, Lenzing won first prize in the “Climate protection” category.

At the ALC Awards, the company’s performance is what counts. Balance sheet figures and sales and earnings growth over the past three fiscal years, alongside a weighted system of key performance indicators, ensure that the results are objective. A carefully selected jury then decides on the final ranking across the various categories. “In these challenging times for the economy, the ALC Award offers valuable recognition and motivation for the future. In periods of crisis, innovation, moving with the times and a change of perspective are crucial”, added the organizers.

Successful internationalization
For no less than the 26th time, this year saw the award of the Export Prize of the Austrian Federal Economic Chamber (WKO) to companies that have been highly successful in markets abroad. The jury chose Lenzing as the winner of the Global Player Award 2020.

The prize is awarded to companies that have built up a strong position on the global market over the past several years. The Global Player Award recognizes businesses that have established an efficient network outside of Austria and are actually considered to be pioneers in exporting goods or services within a particular country or sector.

Oerlikon: Booth at ITMA Asia 2021 (c) Oerlikon
01.06.2021

Oerlikon with a hybrid trade show concept at ITMA Asia

On the occasion of the VDMA press conference, André Wissenberg, Head of Marketing, Corporate Communications and Public Affairs at Oerlikon Polymer Processing Solutions Division, presented the company's concept for ITMA Asia with the claim: Clean Technology. Smart Factory.

Due to the Corona pandemic, Oerlikon has decided to concentrate with their Chinese sales and service teams on guests primarily from China and greater Asia. However, some experts from Germany, who are working in China at our locations anyway, will be live on site at the booth. Other experts from Germany, India and US will be available online for the entire 5 days of the trade fair and will simply be connected by video conference to the discussion with the visitors on site if there is a need for.

On the occasion of the VDMA press conference, André Wissenberg, Head of Marketing, Corporate Communications and Public Affairs at Oerlikon Polymer Processing Solutions Division, presented the company's concept for ITMA Asia with the claim: Clean Technology. Smart Factory.

Due to the Corona pandemic, Oerlikon has decided to concentrate with their Chinese sales and service teams on guests primarily from China and greater Asia. However, some experts from Germany, who are working in China at our locations anyway, will be live on site at the booth. Other experts from Germany, India and US will be available online for the entire 5 days of the trade fair and will simply be connected by video conference to the discussion with the visitors on site if there is a need for.

At ITMA Asia 2021, Oerlikon will present the next generation of an automatic texturing solution with up to 25 % energy saving and up to 30 % higher production speed, easy maintenance and best yarn quality. The core of this machine, the socalled EvoCooler, will be shown as an exhibit in combination with digital solutions like AIM4DTY. In the field of high-precision flow control solutions components, the two new gear metering pumps developments for the production of aramid and spandex will be presented as well.

31.05.2021

C.L.A.S.S: The journey of Bemberg™ by Asahi Kasei towards responsible fashion

Laying the bases for a more sustainable world, adopting responsible strategies is no longer an option but an indispensable and compulsory structural revolution today and for the future to come. This topic is the subject of the Smart Voice "The Circular Stories of C.L.A.S.S.: the journey of Bemberg™ by Asahi Kasei towards a smart, responsible and contemporary luxury" organised by C.L.A.S.S. eco hub that has taken place on Thursday 27th May at 4 pm CET. 4 unique and complimentary design realities has been sharing  the  Bemberg ™ choice as unique and precious fibre ingredient that gives rise to a performing design incorporating new generation values, for their unique paths of style and fashion to offer to the contemporary consumer.

Specialist and expert of innovative fibres, during the session Ettore Pellegrini, Marketing & Sales Manager-Marketing & Sales Manager Asahi Kasei Fibers Italia, illustrated the history of Bemberg™ starting from its origins to nowadays, reporting its various applications that have been then illustrated in their uniqueness by the speakers of the session.

Laying the bases for a more sustainable world, adopting responsible strategies is no longer an option but an indispensable and compulsory structural revolution today and for the future to come. This topic is the subject of the Smart Voice "The Circular Stories of C.L.A.S.S.: the journey of Bemberg™ by Asahi Kasei towards a smart, responsible and contemporary luxury" organised by C.L.A.S.S. eco hub that has taken place on Thursday 27th May at 4 pm CET. 4 unique and complimentary design realities has been sharing  the  Bemberg ™ choice as unique and precious fibre ingredient that gives rise to a performing design incorporating new generation values, for their unique paths of style and fashion to offer to the contemporary consumer.

Specialist and expert of innovative fibres, during the session Ettore Pellegrini, Marketing & Sales Manager-Marketing & Sales Manager Asahi Kasei Fibers Italia, illustrated the history of Bemberg™ starting from its origins to nowadays, reporting its various applications that have been then illustrated in their uniqueness by the speakers of the session.

Paolo Verdoia, Lining research and development raw materials at Ermenegildo Zegna, who has been involved in the development of accessory raw materials for the Ermenegildo Zegna Group for 14 years. During the digital meeting he talked about priority collaborations with responsible and high quality materials such as Bemberg™, the brand's approach to sustainability and future projects.

The session has also been attended by new generation designer Gilberto Calzolari winner of C.L.A.S.S. ICON 2020, who used Bemberg™ in his latest AW 2021-22 collection entitled "At this stage".

Camilla Carrara, founder and zero-waste designer Zerobarracento says "We select Bemberg™ for our creations for two fundamental reasons: firstly, from a stylistic point of view for its extreme versatility: in the various collections we have adopted it to create Kimonos, padded jackets, wrap dresses as well as for the interiors of our garments, which are intended to be soft embraces for total physical and mental comfort. The second but no less important reason is that this fibre has circular values in line with our zero-waste commitment."

“By choosing to work with Bemberg™, we have made an exclusive and sustainable choice in order to offer tailors, designers, brands and garment manufacturers who believe in and are committed to responsible but at the same time premium and exclusive fashion a new business opportunity" says Alessandro Ivaldi Director Business Unit of Carnet, a division of Ratti Group that produces and distributes worldwide fabrics for the creation of made-to-measure garments for men and women.

Source:

C.L.A.S.S.

FET new premises to enable expansion drive (c) FET
25.05.2021

FET new premises to enable expansion drive

Fibre Extrusion Technology Ltd of Leeds, UK has now commenced construction of a new purpose-built Research & Development Centre to enable continued growth through innovation. This modern two-storey development will be situated on the adjacent site, providing state-of-the-art facilities, including a Visitor Centre and enhanced Process Development Laboratory (PDL) for client testing and product development. Central to FET’s success has been its ability to provide customers with advanced facilities and equipment, together with unrivalled knowledge and expertise in research and production techniques. The new expanded premises will further improve this service.

Clients frequently spend several days on site participating in development trials and technical sales meetings, so the Visitor Centre is designed to make their stay more efficient and comfortable. Sales, administration and design departments will also be housed in the new building.

Fibre Extrusion Technology Ltd of Leeds, UK has now commenced construction of a new purpose-built Research & Development Centre to enable continued growth through innovation. This modern two-storey development will be situated on the adjacent site, providing state-of-the-art facilities, including a Visitor Centre and enhanced Process Development Laboratory (PDL) for client testing and product development. Central to FET’s success has been its ability to provide customers with advanced facilities and equipment, together with unrivalled knowledge and expertise in research and production techniques. The new expanded premises will further improve this service.

Clients frequently spend several days on site participating in development trials and technical sales meetings, so the Visitor Centre is designed to make their stay more efficient and comfortable. Sales, administration and design departments will also be housed in the new building.

The addition of the Visitor Centre will free up a considerable amount of space for production and other facilities in the existing premises. This major refurbishment phase for the existing premises is scheduled for completion at the end of 2021. As a result, FET’s manufacturing capacity will increase by more than 50% to cope with customer demand.  

Substantial year-on-year growth has driven this initiative and FET’s current order book in excess of £10million has provided the opportunity for equipping the company infrastructure for the future. Sustainability has been at the forefront of FET’s growth, supporting customers in their development of sustainable textiles and this principle is reflected in the choice of building materials and products for the Visitor Centre wherever possible.

It is expected that the new Visitor Centre will be opened in the first quarter of 2022.

Source:

Project Marketing Ltd

19.05.2021

PCMC to unveil Paragon tissue rewinder

Paper Converting Machine Company (PCMC) —a division of Barry-Wehmiller and a global supplier of high-performance converting machinery for the tissue, nonwovens, package-printing and bag-converting industries — presents its new Paragon rewinder during an online launch event.

Held June 8 at 9 a.m. (CT), the virtual reveal will include a machine overview, a demonstration of its patent-pending winding technology and a live Q&A session. In addition, attendees will learn how the Paragon’s design allows for robust caliper, bulk and diameter flexibility, and how its new HMI gives operators unparalleled machine control with intuitive navigation and fewer, simpler adjustments.

For more information click here.

Paper Converting Machine Company (PCMC) —a division of Barry-Wehmiller and a global supplier of high-performance converting machinery for the tissue, nonwovens, package-printing and bag-converting industries — presents its new Paragon rewinder during an online launch event.

Held June 8 at 9 a.m. (CT), the virtual reveal will include a machine overview, a demonstration of its patent-pending winding technology and a live Q&A session. In addition, attendees will learn how the Paragon’s design allows for robust caliper, bulk and diameter flexibility, and how its new HMI gives operators unparalleled machine control with intuitive navigation and fewer, simpler adjustments.

For more information click here.

Source:

Barry-Wehmiller

Rinco Ultrasonics AG opens subsidiary in Mexico (c) Rinco Ultrasonics AG
“The new RINCO ULTRASONICS subsidiary in Querétaro, some 200 km north west of Mexico City, is home to an application-based test laboratory. Moving forward, the subsidiary will bring the company and its products and services much closer to customers and partners alike.” Serge Patamia, CEO
19.05.2021

Rinco Ultrasonics AG opens subsidiary in Mexico

RINCO ULTRASONICS is strengthening its market presence in Central America – a significant market for the automotive supply industry – by opening its own subsidiary in Mexico.

Romanshorn, May 2021 – With the establishment of its eleventh global subsidiary and its first in Central America, RINCO ULTRASONICS is highlighting the importance of the Central American market. “The automotive supply industry is one of the strongest sectors of industry in Mexico and one of the most important markets for RINCO. Our subsidiary in Querétaro, which is located 200 km away from Mexico City, will bring us closer to customers and partners alike,” explains Serge Patamia, CEO of RINCO ULTRASONICS. “We already enjoy high levels of confidence from both customers and partners in the region, and local presence will only serve to improve this. Investing in a dedicated subsidiary underlines our commitment to the market in Central America.”

RINCO ULTRASONICS is strengthening its market presence in Central America – a significant market for the automotive supply industry – by opening its own subsidiary in Mexico.

Romanshorn, May 2021 – With the establishment of its eleventh global subsidiary and its first in Central America, RINCO ULTRASONICS is highlighting the importance of the Central American market. “The automotive supply industry is one of the strongest sectors of industry in Mexico and one of the most important markets for RINCO. Our subsidiary in Querétaro, which is located 200 km away from Mexico City, will bring us closer to customers and partners alike,” explains Serge Patamia, CEO of RINCO ULTRASONICS. “We already enjoy high levels of confidence from both customers and partners in the region, and local presence will only serve to improve this. Investing in a dedicated subsidiary underlines our commitment to the market in Central America.”

José Armando Vázquez, the newly appointed country manager for Mexico, brings both passion and specialist expertise to his role. Having grown up in the automotive industry, Vazquez knows the needs and requirements of the supplying industry and the plastics sector inside out.

In José Armando Vázquez, customers and interested parties in Mexico have a local point of contact who is bringing Swiss perfection to Querétaro in the form of RINCO ULTRASONICS MEXICO. In addition to sales, RINCO in Mexico also offers technical services such as an application-based test laboratory and various service facilities to promote the building of partnerships and the delivery of new projects.
“Our aim is to captivate users with our ultrasonic technology and offer them tangible added value so that by using solutions like our AGM Pro ultrasonic generator, for example, they can save time and user fewer materials,”, says Serge Patamia, summarising what customers in Central America can expect.

12.05.2021

Rieter updates Outlook for First Half Year 2021

  • Order intake of around CHF 300 million received in the month of April 2021
  • Order intake in the first half of 2021 expected to be around CHF 800 million
  • Start of implementation of the Rieter CAMPUS project in Winterthur

In the month of April 2021, Rieter received orders of around CHF 300 million. The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India.

In addition to the regional development of the market, Rieter also attributes the business performance to a catch-up effect due to the low propensity to invest in 2019/2020.

As a result, Rieter expects an order intake of around CHF 800 million in the first half of 2021.

As already announced, Rieter anticipates that sales in the first half of 2021 will be below the break-even point. Rieter expects an operating profit for the full year 2021. On July 15, 2021 Rieter will give an updated outlook for 2021 in connection with the semi-annual results, taking into consideration the ongoing challenges resulting from the COVID-19 pandemic.

  • Order intake of around CHF 300 million received in the month of April 2021
  • Order intake in the first half of 2021 expected to be around CHF 800 million
  • Start of implementation of the Rieter CAMPUS project in Winterthur

In the month of April 2021, Rieter received orders of around CHF 300 million. The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India.

In addition to the regional development of the market, Rieter also attributes the business performance to a catch-up effect due to the low propensity to invest in 2019/2020.

As a result, Rieter expects an order intake of around CHF 800 million in the first half of 2021.

As already announced, Rieter anticipates that sales in the first half of 2021 will be below the break-even point. Rieter expects an operating profit for the full year 2021. On July 15, 2021 Rieter will give an updated outlook for 2021 in connection with the semi-annual results, taking into consideration the ongoing challenges resulting from the COVID-19 pandemic.

The Rieter Board of Directors has approved the implementation of the CAMPUS project. The Rieter CAMPUS comprises a customer and technology center as well as an administration building at the Winterthur location. It will make an important contribution to the implementation of the innovation strategy and to the enhancement of Rieter’s technology leadership position.

Source:

Rieter Management AG

12.05.2021

SGL Carbon: Solid Development in the first quarter of 2021

  • Group sales in the first quarter 2021 of €241.5 million, down 2% below prior year (currency adjusted on prior year level)
  • Expected positive impact from a contract termination with a customer of reporting segment Graphite Solutions contributes around €9 million to sales and earnings
  • Transformation program proceeds according to plan in all areas
  • EBITDA pre of €33.0 million significantly higher year-on-year (Q1/2020 €29.0 million), EBIT increases to €17.0 million (Q1/2020 €6.4 million)
  • Positive net result at €6.1 million (Q1/2020 minus €4.3 million)
  • Liquidity at €168.6 million also developed positively (year-end 2020 €141.8 million)
  • Net financial debt decreases by 5% to €271.5 million (year-end 2020 €286.5 million)
  • Equity ratio increases to 20.4% (Year-end 2020 17.5%)
  • Outlook for fiscal year 2021 fully confirmed

See attached document for more information.

  • Group sales in the first quarter 2021 of €241.5 million, down 2% below prior year (currency adjusted on prior year level)
  • Expected positive impact from a contract termination with a customer of reporting segment Graphite Solutions contributes around €9 million to sales and earnings
  • Transformation program proceeds according to plan in all areas
  • EBITDA pre of €33.0 million significantly higher year-on-year (Q1/2020 €29.0 million), EBIT increases to €17.0 million (Q1/2020 €6.4 million)
  • Positive net result at €6.1 million (Q1/2020 minus €4.3 million)
  • Liquidity at €168.6 million also developed positively (year-end 2020 €141.8 million)
  • Net financial debt decreases by 5% to €271.5 million (year-end 2020 €286.5 million)
  • Equity ratio increases to 20.4% (Year-end 2020 17.5%)
  • Outlook for fiscal year 2021 fully confirmed

See attached document for more information.

More information:
SGL Carbon sales Automotive
Source:

SGL CARBON SE

11.05.2021

JEC Composites Innovation Awards 2021: Finalists Line Up Revealed

Innovation is an essential part of this industry – it's how we invest in our future. The top priorities for players in the composites value chain include product solidity, safety, and durability. The JEC Composites Innovation Awards are meant to inspire all participants, the whole industry and shed light on the excellent work carried out by the prize winners.

After pre-selecting the finalists, a selection process and a jury will select one winner in each category (Aerospace; Automotive & road transportation – exterior; Automotive & road transportation – structural; Building; Construction & Infrastructure, Design; Equipment & Machinery and Sustainability)

The awards ceremony will take place during JEC Composites Connect on Wednesday, June 2nd at 2:30 pm CEST.

More information here.

Innovation is an essential part of this industry – it's how we invest in our future. The top priorities for players in the composites value chain include product solidity, safety, and durability. The JEC Composites Innovation Awards are meant to inspire all participants, the whole industry and shed light on the excellent work carried out by the prize winners.

After pre-selecting the finalists, a selection process and a jury will select one winner in each category (Aerospace; Automotive & road transportation – exterior; Automotive & road transportation – structural; Building; Construction & Infrastructure, Design; Equipment & Machinery and Sustainability)

The awards ceremony will take place during JEC Composites Connect on Wednesday, June 2nd at 2:30 pm CEST.

More information here.

Source:

JEC Group