From the Sector

Mimaki held their global event Innovation Days (2-4 June 2021) to great success. The event brought together printers, journalists and experts from Mimaki Japan, USA and Europe, to nurture innovation in the sign graphics, industrial, textile and 3D markets and drive success within the industry. The global event also introduced the market to Mimaki’s recent product releases, the JFX550, JFX600 and SUJV-160.

In a week of webinars, workshops, demonstrations, and networking events, over 1,300 attendees from all across the world logged in to participate, with the demonstration of UJV100 and JV100 printers, 3D printing workshop and car wrap workshop being the most popular events. As a first of its kind for Mimaki, visitors were able to speak with regional Mimaki representatives, gaining greater insight into the global printing industry as it recovers from the COVID-19 pandemic.

A stand-out attraction of the event was the recently released 100 Series, which is priced affordably to allow printers entry into different markets, as many look to expand their portfolio in these uncertain times. The new JFX600-2513 and JFX550-2513, which debuted a few weeks prior at virtual drupa, similarly are higher end but still affordable printers, when compared to other large format UV flatbed machines in its class. 3D full colour print technology also featured heavily in the event, as Mimaki explored the exciting propositions it opens up in different markets and how the brand continues to extend the reach and accessibility of cutting-edge 3D technologies with its upcoming 3DUJ-2207 printer.

Mr. Kazuaki Ikeda, President of Mimaki Engineering commented, “I’d like to extend my thanks to everyone who joined us during this exciting new virtual event. During the pandemic, carrying on innovating has been central to Mimaki’s objectives, with eight new products having been released since October, and even more scheduled to come out over the course of this year. I hope that we can soon all meet at in-person events, once it’s safe to do so, but until then I’m excited to see the results of the continued collaboration and innovation of print industry that we saw in our Innovation Days event.”

Oerlikon signs agreement to acquire INglass, a global leader in high precision polymer flow control equipment, to accelerate expansion strategy in polymer processing market

• INglass and its HRSflow Division is a market leader spezialized in hot runner sytems
• Technology is highly complementary to Oerlikon’s existing capabilities in polymer flow control and will expand Oerlikon’s market access
• Acquisition accelerates Oerlikon’s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market
• Oerlikon renames ‘Manmade Fibers’ Division to ‘Polymer Processing Solutions’
• Acquisition is expected to be completed in the second quarter of 2021

Oerlikon, a leading provider of surface engineering, polymer processing and additive manufacturing, announced today that it has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business.

The strategic acquisition is a significant step in expanding Oerlikon’s current manmade fibers business into the larger polymer processing market. The acquisition accelerates and enhances existing organic initiatives to diversify and strengthen the company’s core high-precision polymer flow control capabilities, products and services. The completion of the transaction is subject to customary regulatory approvals and is expected by the second quarter of 2021.

To reflect Oerlikon’s expansion into a larger high-growth market, the Manmade Fibers Division will be renamed as Polymer Processing Solutions Division. This division will have two business units: Flow Control Solutions and Manmade Fibers Solutions. The busines unit Flow Control Solutions will combine the expertise of Oerlikon Barmag’s existing gear metering pumps business line and INglass’ HRSflow operations. The business unit Manmade Fibers Solutions will continue to focus on growing the existing chemical fiber machinery and plant engineering business, offering plant solutions for the production of polyester, polypropylene and polyamide.

“Our new Polymer Processing Solutions Division and the acquisition of INglass S.p.A. and its HRSflow business are critical components of Oerlikon Group’s growth strategy. We are accelerating our efforts to drive sustainable organic and inorganic growth in all of our businesses. The acquisition enables new synergy opportunities between both Oerlikon divisions in specific end markets such as automotive. With INglass and its HRSflow operations, we acquire leading suppliers in their markets with proven success of their technologies and services,” said Dr. Roland Fischer, CEO Oerlikon Group.

“We firmly believe that within the Oerlikon Group we can further exploit the potential of our hot runner systems technology and, when combined with the capabilities of Oerlikon Barmag gear metering pumps and their melt distribution engineering competence, will position our business as one of the leading precision flow control specialists for multiple applications in a global growth market”, said Antonio Bortuzzo, CEO of INglass S.p.A.

New business unit offers great growth potential

The Oerlikon Barmag competence brand already offers high precision flow control related components, including a large selection of gear metering pumps for textile and non-textile markets. These highly efficient pumps are used in silicone casting, dynamic mixing and oil spraying for the chemical, paint, polymer processing and automotive industries. This double-digit million CHF business, which has grown in recent years, will be merged with INglass’ HRSflow hot runner technologies under the new business unit Flow Control Solutions. HRSflow’s excellent market access to many OEMs in and outside the automotive industry brings significant growth opportunities.

INglass is a leader in automotive and expanding in other sectors

INglass S.p.A. is an internationally operating successful company established in 1987. Its product portfolio includes hot runners as well as engineering and consultancy services for the advanced development of polymer processing products. INglass’ HRSflow hot runner systems are applied in multiple industries from automotive, consumer goods and household appliances to packaging, waste management, construction and transportation.

INglass is headquartered in San Polo di Piave, Italy, near Venice. 2020 revenues of INglass were approximately CHF 135 million and the acquisition is expected to be immediately accretive to Oerlikon’s margins and cash flows. INglass has more than 1 000 employees and 55 sites worldwide, including production plants in Italy, China and the US. Among these sites are INglass’ newly renovated headquarters and production at its primary location in San Polo di Piave near Venice, Italy. The investment modernized the facilities with automated production, underlining the company’s commitment to sustainability and the environment. The other two modern production sites are in Zhejiang (Hangzhou Province) in China and Michigan (Grand Rapids) in the USA.

Following the integration with Oerlikon Barmag’s gear metering pumps business of about 200 employees in Remscheid, Germany, the new Flow Control Solutions business unit will have round about 1 200 employees.

"We see great potential for growth in our new Flow Control Solutions business unit,” said Georg Stausberg, Polymer Processing Solutions Division CEO and Member of the Executive Committee of the Oerlikon Group. “The businesses form the two core growth pillars and benefit from each other in global market development, in modern and digitized production, and in customer services. We also see potential synergies in R&D by combining existing know-how in the field of polymer processing. New technological solutions between hot runner systems and gear metering pumps are conceivable. We also anticipate collaborating more closely with the Oerlikon Surface Solutions Division, particularly in future mobility applications and functional polymer component solutions for the automotive industry. All in all, we will offer our customers innovative and attractive solutions in the field of polymer processing and high precision flow control components.”

Next steps for further diversification of the division product portfolio are already ongoing

Combining the divisions plant engineering and process know how with expertise on high precision flow control components technologies has a significant impact on product quality in nearly all applications, which opens up a platform for further organic and inorganic growth. "We are closely observing the megatrends in the markets and developing new business models to match. In the area of sustainability, covering topics such as circular economy, the recycling of materials using mechanical and chemical recycling solutions, as well as the handling of new, more environmentally friendly and biodegradable materials, we are on the verge of a breakthrough. We are ready to actively participate in these growth areas,” added Georg Stausberg.

“In realigning the Polymer Processing Solutions Division, Oerlikon will continue to apply our successful recipe of a lean organizational structure to efficiently manage the business. This means clear processes, short decision-making paths and competent teams in a diverse and multicultural organization in which everyone can contribute innovatively to create customer value,” said Georg Stausberg.

Order Intake Continued to Recover in the Fourth Quarter of 2020:

• Order intake increased to CHF 215.1 million in the fourth quarter of 2020 and reached a total of CHF 640.2 million in the 2020 financial year
• As expected, sales of CHF 573.0 million in the 2020 financial year were significantly down on the previous year
• EBIT margin of around -15% and net profit of around -16% of sales expected
• First half of 2021 still heavily impacted by the COVID-19 pandemic
• Change to the Group Executive Committee

Rieter posted a globally and broadly supported order intake of CHF 215.1 million in the fourth quarter of 2020. Thus, the recovery that began in the third quarter of 2020 after the slump in demand in the second quarter continued (order intake second quarter: CHF 45.7 million, third quarter: CHF 174.4 million). Overall, Rieter’s annual order intake for the 2020 financial year totaled CHF 640.2 million, which corresponds to a decrease of 31% compared to the previous year.

At the end of 2020, the company had an order backlog of about CHF 560 million (December 31, 2019: about CHF 500 million).

As expected, as a consequence of the economic effects of the COVID-19 pandemic, the Rieter Group closed the 2020 financial year with considerably lower sales than in the previous year. According to the first, as yet unaudited figures, total sales of CHF 573.0 million were achieved, which corresponds to a decrease of 25% compared to the previous year (2019: CHF 760.0 million).

Order Intake by Business Group
All three business groups were affected by the slump in demand in the second quarter of 2020 due to the COVID-19 pandemic. Despite the recovery in order intake in the third and fourth quarters of 2020, the weak second quarter was only partially offset.

The Business Group Machines & Systems was particularly hard hit by the effects of the pandemic, with a year-on-year decline of 35%. The Business Groups Components and After Sales each recorded a 24% reduction in order intake.*

Sales by Business Group
The exceptional market situation in 2020 gave rise to a significant decline in sales in all three business groups. Accordingly, reluctance to invest and deferred deliveries by customers caused sales in the Business Group Machines & Systems to decline by 24% compared to the previous year.

Due to COVID-19, a large number of spinning mills stopped production worldwide. This led to low demand for spare parts and wear parts, especially in the second and third quarters of 2020. Accordingly, compared to the previous year, sales in the Business Groups Components and After Sales fell by 24% and 27% respectively in the 2020 financial year.*

Sales by Region
With the exception of Turkey, all regions were affected by the low demand as a consequence of the COVID-19 pandemic.*

EBIT Margin and Net Profit
In the 2020 financial year, Rieter anticipates an EBIT margin of around -15% (2019: 11.2%) and net profit of around -16% of sales (2019: 6.9%). As of December 31, 2020, Rieter had liquid funds of exceeding CHF 280 million and unused credit lines in the mid three-digit million range.

First Half of 2021 Still Heavily Impacted by the COVID-19 Pandemic
Thanks to the improved capacity utilization, Rieter is planning short-time working in only a few areas in the first half of 2021. Nevertheless, Rieter expects sales in the first half of 2021 to be below the break-even point.*

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

Annual General Meeting April 15, 2021
The 2021 Annual General Meeting of Rieter Holding Ltd. will take place in Winterthur on April 15, 2021.*

*See attached document for more information.

• The Bavarian Kelheim Fibres GmbH has become the first viscose fibre manufacturer worldwide to receive EMAS certification.

“Our aspiration is that our fibres offer an eco-friendly and high-performance alternative to synthetic materials”, says Craig Barker, CEO at Kelheim Fibres. “So, it’s not enough that our fibres are made from renewable resources and that they are fully biodegradable – our environmental awareness must include the whole production process and all that goes with it if we want to safeguard our credibility.

The EMAS certification proves that we take this responsibility seriously.” EMAS stands for “Eco Management and Audit Scheme” and is a standardised eco management certification system developed by the European Union. EMAS includes the globally applicable ISO 14001 standard and goes beyond its requirements by demanding more transparency and continuous improvement: Certified companies report in their annual EMAS Environmental Statement on their environmental goals and their progress in meeting them.

During the audit preceding the certification, the independent environmental auditor thoroughly investigated all departments of the company, from the production itself to the company canteen. He found no non-conformances and was impressed by the competence and the high sense of responsibility among Kelheim’s employees. In contrast to the EU Ecolabel and similar certifications, EMAS does not apply to individual products or services, but certifies the complete environmental performance of the company. This benefits not only the protection of the environment and climate, but also the improvement of a company’s ecoefficiency.

Craig Barker: “An efficient environmental management system ensures that economy and ecology go hand in hand – that gives us a decisive competitive edge.”

International technology Group ANDRITZ has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries comprising Laroche SA and Miltec SA, France. ANDRITZ will take over all Laroche entities and their business worldwide. Closing of the transaction, which is subject to approval by the ANDRITZ Supervisory Board, is expected at the beginning of 2021.

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. The product portfolio further complements the ANDRITZ Nonwoven product range. ANDRITZ is now able to offer the complete supply and value chain, from the raw material, to opening and blending, web forming, bonding, finishing, drying, and converting. Laroche’s high-performance technologies for opening and blending enhance the ANDRITZ scope of supply for spunlace, needlepunch and wetlaid production lines. Moreover, both companies have agreed to further strengthen the development of their existing technologies for high-speed and high-capacity applications and also to continue pursuing the development of textile recycling processes in order to stay ahead of the changes the industry is facing.

Laroche SA has been developing fiber processing technologies for more than 100 years. With integrated manufacturing, the company supplies lines for a wide range of industries/products: spinning, bedding and furniture, automotive, acoustic and thermal insulation, geotextiles, filtration, wipes, and many more.

Robert Laroche, President of Laroche: “This acquisition is the logical conclusion in view of the successful long-term relationship between ANDRITZ and Laroche. We have been working in close cooperation for more than ten years and are very much looking forward to becoming a member of the ANDRITZ family.”

Andreas Lukas, Senior Vice President and Division Manager, ANDRITZ Nonwoven: “By adding Laroche’s state-of-the-art products and expertise to our existing capabilities, ANDRITZ Nonwoven will further strengthen its market and technology position.”

Cobra International, Chonburi, Thailand: COBRA International, one of the world’s largest OEM manufacturers of composite goods for Water Sports, Automotive, Marine and Civil Engineering, is pleased to confirm the shipment of its first 36 composite canoes to ARE Tahiti.

COBRA has collaborated with leading outrigger canoe brand ARE Tahiti to mass produce its new OC-1 canoe, ‘Mana’. Designed by former professional windsurfer Baptiste Gossein  (JP Australia and Neil Pryde), ‘Mana’ features a closed deck on which the paddler sits on top of the hull. Available in two models; a hybrid version weighing 12kg, using an 80:20 mix of E-glass and carbon fibre reinforcement fabrics, and the PRO model – a weight optimized, ultra-light, full carbon version that weighs as little as 9kg.   

“We required the best in composite construction for both models, a stunning final finish and a build rate that could keep up with our growing order book”, comments Baptiste Gossein.

As with all of COBRA’s watersports’ projects, a perfect master model formed the basis of the mass production tooling and two sets of composite hull tooling were taken from the master plug allowing a build rate of up to 50 OC-1 canoes per month.

For the lay-up and construction process, COBRA’s high-performance PVC foam sandwich windsurf board construction provided a solid starting point.  Having selected vacuum consolidated epoxy wet layup for the mix of woven and stitched biaxial reinforcements, COBRA was able to build down to the customer’s weight target with the absolute minimum of waste and additional consumables.  Top and bottom sections of the hull were moulded separately then bonded together, with the smaller outrigger hull – known as the ‘ama’ – produced in the same way.  Prepreg carbon fibre and in-house split mould tooling was also used for the two ‘Iakos’ - the two cross beams that join the ama to the main hull. 

An in-mould applied finish coat was then used for the hybrid OC-1 while the PRO carbon fibre model benefits from COBRA’s ultra-light paint system.

“COBRA is able to provide mass production capability and rapid new model turnaround, as well as delivering consistently high quality. We are delighted with the first COBRA built OC-1s and have received exceptionally positive feedback from both customers and racers” comments Baptiste Gossein.

The next ARE project to enter mass production at COBRA will be the V-1 canoe. Similar to the OC-1 but an open boat that the paddler sits inside, the V-1 will have no rudder or steering system, requiring more finesse to manage underway.

“The OC-1 outrigger canoe is a superb example of our customer focused approach to production process development.  By working closely with Baptiste and the ARE team, COBRA is able to provide mass production capability and a rapid new model turnaround, as well as delivering consistently high quality.  This is a sector in which we expect to see significant expansion over the next few years”, comments Danu Chotikapanich, CEO, COBRA International.

The AVK – Industrievereinigung Verstärkte Kunststoffe e.V. – has once again announced the winners of its prestigious Innovation Awards. Decided by an expert jury, the awards recognise and honour sustainable innovations in three categories: “Innovative Products/Applications”, “Innovative Processes” and “Research and Science”.

Overview of all the winners in the three categories:

Category “Innovative Products/Applications”
1st Place: “Directly-cooled electric motor with integral lightweight housing made of fibre reinforced polymers - DEmiL” – developed by the Fraunhofer Institute for Chemical Technology ICT, Pfinztal, Germany, in partnership with the Karlsruhe Institute of Technology and Sumitomo Bakelite Co., Ltd.*

2nd Place: “Intrinsically Reprocessable, Repairable and Recyclable (3R) thermoset composites for more Competitive and Sustainable Industries” – developed by cidetec, Donostia-San Sebastian, Spain*

3rd Place: “Fireproof composite metal hybrid structure – LEO® fire protection sandwich with integrated Hyconnect steel-glass hybrid connector” – developed by SAERTEX GmbH & Co. KG and Hyconnect GmbH.*

Category “Innovative Processes”
1st Place: “Robotised Injection Moulding (ROBIN)” – developed by Robin, Dresden with the Institute for Lightweight Engineering and Polymer Technology at the TU Dresden*

2nd Place: “Omega stringer from the roll” – developed by the German Aerospace Center, Braunschweig*

3rd Place: “Hybrid die-casting – manufacturing of intrinsic CFRP-aluminium composite structures in aluminium high-pressure die-casting” – developed by Faserinstitut Bremen e. V. with Fraunhofer IFAM, Bremen*

Category “Research and Science”:
1st Place: “New high-temperature resistant UP resins and toughening agents” – developed by Münster University of Applied Sciences with BASF SE Global New Business Development, Leibniz Institute for Polymer Research e. V., Saertex multicom GmbH*

2nd Place: “Scientific basis for the industrial application of the thermoplastic resin transfer moulding (T-RTM) process” – developed by Fraunhofer Institute for Chemical Technology ICT, Pfinztal*

3rd Place: “The material- and energy-efficient production of turbine struts by the integrative combination of thermoset fibre reinforced materials” – developed by the Institute of Polymer Technology, University of Erlangen-Nuremberg with the German Aerospace Center, Gubesch Group, Schmidt WFT, Siebenwurst, Raschig.

Award ceremony on the Internet for the first time
For the first time, due to the Covid-19 pandemic, the award ceremony took place as an online event on 12 November 2020. Many of the award winners’ innovations will be presented again in this year’s AVK Innovation Award brochure. This will be available online: https://www.avk-tv.de/innovationaward.php

*Please see attached document for more information.

• License agreement concluded for promising technology
• Integration into the digital spinning suite ESSENTIAL
• Implementation of digital strategy further advanced

The Rieter Group concludes a license agreement with WW Systems on November 5, 2020 and will integrate the Brazilian company's promising product into its digital spinning suite ESSENTIAL. "OptCotton" from WW Systems offers the only software system worldwide that enables an even blend of cotton for the spinning process. With this cooperation, Rieter is taking an important step forward in implementing its digital strategy and offering its customers further added value in yarn production.

"OptCotton" eliminates variations in quality between cotton blends that are being prepared for the spinning process. In this way, standardized quality yarn can be produced efficiently in the spinning process. From the arrival of the bales in the warehouse to their use in the blowroom line, “OptCotton” manages the entire blending process with no need for categorization. This results in increased efficiency in storage and logistics as well as machine performance.

Integration into the digital spinning suite ESSENTIAL
By integrating this solution, Rieter strengthens its digital spinning suite ESSENTIAL. Access to bale-related fiber data and raw material information opens up new possibilities for controlling the spinning mill. In combination with the existing modules ESSENTIALbasic, ESSENTIALmonitor, ESSENTIALmaintain and ESSENTIALpredict, this optimizes the entire spinning process and raises digital intelligence to a new level.

• On October, 20th, 2020, the State Prize for Innovation was awarded to the Lenzing Group for their LENZING™ Web Technology.
• Lenzing thus received the highest award for particularly innovative achievements in Austria.

Lenzing – On Tuesday, October 20, 2020, the Lenzing Group was awarded the coveted “State Prize for Innovation”. Lenzing emerged as the winner with its project LENZING™ Web Technology and thus received the highest recognition for particularly innovative achievements in Austria. The novel process combines fiber and nonwovens production in only one step, setting new standards in terms of efficiency, circularity and ecological sustainability. Margarete Schramböck, Federal Minister for Digital and Economic Affairs, presented the award to Gert Kroner, Vice President Global Research & Development.

“This award is a great recognition of our work. Our goal is to grow continuously with sustainable innovations and to look beyond our fibers, to the needs of our customers and partners and to the needs of consumers worldwide. With the LENZING™ Web Technology we have created an exciting and promising solution for eco-friendly products in line with our corporate strategy sCore TEN and support consumers in their daily needs in a sustainable way”, says Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

Biodegradable nonwovens for a clean environment

The pollution of the environment by plastics is one of the most urgent problems of our time. Every day, millions of hygiene products and wipes around the globe end up in garbage and sewage. Most of them consist of up to 80 percent polyester or other fossil, non-biodegradable materials and therefore pollute the environment. With the LENZING™ Web Technology, Lenzing has developed a patented technology to counter this problem: Sustainable and eco-friendly nonwovens are produced from the renewable raw material wood. These are not only plastic-free, they also score points for their particularly high environmental friendliness. “Thanks to a unique self-bonding mechanism, in which the filaments bond with each other during the spinning process, binders, which are found in many nonwovens, are no longer needed. As a result, the nonwovens produced with LENZING™ Web Technology are 100 percent biodegradable and do not pollute either humans or the environment”, says Gert Kroner, Vice President Global Research & Development of the Lenzing Group.

The Austrian State Prize for Innovation is awarded annually by the Federal Ministry for Digital and Economic Affairs to the most innovative Austrian company. In 2020, the competition took place for the 40th time.

• Fabric finishing and sanforization systems installed in the US and Turkey to enhance productivity

ST. LOUIS - Baldwin Technology Company Inc. has successfully installed six new fabric finishing and sanforizing precision spray systems in the US and Turkey. Despite the COVID-19 pandemic, the installations were completed in just 60 days, thanks to close collaboration between onsite Baldwin textile team members, local agents and remote support from the company’s product and technology center in Sweden.
For textiles, non-wovens and technical textiles, Baldwin’s precision spray technology processes a wide range of low-viscosity water-based chemicals, such as softeners, anti-microbial agents, water repellents, oil  repellents, flame retardants and more.

These systems enable fabric producers to significantly reduce chemical and water consumption, while speeding up production times and eliminating production steps, including drying and bath changeovers when switching fabric colors. “Our customers are major manufacturers in fabric dying, finishing and remoistening, and we want to provide outstanding service and support—even in times like this,” said Rick Stanford, Business Development Leader at Baldwin and the commercial leader of the US installations. “Not only does our precision spray technology enhance productivity in their process, but there is also zero waste, which goes hand-in-hand with the increased sustainability focus in the textile industry.”

In North Carolina, two new TexCoat G4 precision spray systems are now in production with major international vertical manufacturers of outdoor living, performance fabrics and automotive fabrics. In Georgia, a major vertical manufacturer of workwear and protective fabrics installed a sanfor precision spray system, which has helped the customer obtain deeper penetration of moisture into fabrics treated with durable water repellents. In Turkey, three new TexCoat G4 systems were installed in Çorlu, northwest of Istanbul, for a large producer of knit fabrics, such as T-shirts. “In Turkey, the manufacturer purchased and installed one TexCoat G4 system before COVID-19, and the customer was so pleased with the results that, during the pandemic, three more were purchased,” said Simone Morellini, Sales Manager- EMEAR at Baldwin and the commercial leader of the Turkish installations. “The systems were manufactured and installed during the lockdown, and now, all four systems are up and running, and being used heavily on a daily basis.” “With the success we have seen, we plan to apply the same strategies for upcoming installations, including the next one in Honduras: strong local management and customer coordination, combined with  effective remote support during the installation,” said Stanford.