From the Sector

• JEC Group announces theme for JEC World 2022 and reaffirms global leadership in composites innovation, business and networking

JEC World, the leading global trade show dedicated to composite materials, their manufacturing technologies and application markets, will take place in Paris from March 8-10, 2022, under the theme Composites for a Sustainable World. JEC World 2022 will be the industry’s most awaited international face to face event after the long pandemic period. Exhibition space is already 98% booked, a clear demonstration of the industry’s commitment to meet and resume business. Those unable to join in person will be able to experience the show via the JEC World Connect digital platform.

“We are looking forward to welcoming our exhibitors, partners and visitors back to Paris to resume business and promote innovation,” comments Thomas Lepretre, VP Events, Sales and Operations of JEC Group. “JEC World will bring the composites industry together to showcase the sustainability benefits of composite materials to a global audience, and to provide a stimulating meeting-place for the industry to pursue its sustainability ambitions by exchanging knowledge, forging collaborations, and imagining new concepts to protect our environment.”

• JEC World a unique get-together on sustainability throughout the product lifecycle
• JEC World a real composites “think tank”
• JEC World 2022 will demonstrate how sustainable thinking is at the heart of the innovative designs, technologies and business models driving the development of the next generation of composites applications.

Four conferences will be held over the three days, focusing on:

• Sustainability of Raw Materials for Composites: Fueling the Circular Revolution
• Rethinking Composite Materials Production: The Path to Sustainable Manufacturing
• Design for Circular Composite Products: Turning Waste, Recycling & Reuse into Opportunities
• Applications of Composite Materials for Circularity: Towards a Net-Zero World

Innovation is in JEC World’s DNA
One of JEC World’s objective’s is to promote the composites sector’s most innovative projects. More than 600 product launches are expected to be announced over the three days of the show, which will also feature JEC’s high-regarded innovation challenges and awards ceremonies :

• The JEC Composites Innovation Awards celebrate innovative global composite projects, as well as fruitful collaborations between different players in the value chain. Over more than 15 years, the JEC Composites Innovation Awards have highlighted collaborations between some 1,900 companies and recognized 203 creative projects. The winners will be announced on March 7th during a dedicated ceremony and their successful technologies will be on display throughout the show.

• The JEC Composites Startup Booster is the leading startup competition in the world of composites. In 2022, this competition will celebrate its fifth anniversary, with a special event to be organized onsite and the launch of a new “sustainability” award. And, with 20 finalists for 2022, it will recognize innovations with the greatest potential market impact and promote them to an influential audience of decision-makers. The finalists’ innovations will be displayed at JEC World’s “Startup Village.”

• For the first time, JEC World will host the 3rd edition of the SMC BMC Design Award organized by the European Alliance for SMC BMC. This international competition recognizes and promotes design excellence in the use of SMC and BMC materials. The theme of this edition is Sustainable Living, and the award is opento design students and young design professionals (less than 3 years of experience) living in Europe.

Black Friday is known as the world's largest shopping event, which is constantly growing in size. Rather than offering highly promoted sales, a Finnish clothing company Pure Waste joined forces with HelsinkiMissio, an NGO battling loneliness in Finland. On Black Friday, instead of buying clothes anyone can donate a friend to people suffering from loneliness.

A Global survey shows that over a third of adults experience feelings of loneliness worldwide. Many who feel lonely try to cope by shopping, which in fact has been proven to aggravate loneliness and can even cause feelings of depression.¹

This is why HelsinkiMissio, a Finnish NGO battling loneliness, and Pure Waste, a Finnish clothing manufacturer, joined forces on Black Friday. All Pure Waste’s products on their webstore have been replaced with a chance to donate for HelsinkiMissio’s important work against loneliness.

“Black Friday is known as the biggest commercial event, but for lonely people it can actually be the darkest day of the year. This is why we wanted to shed light on this issue precisely today. We hope that together with Pure Waste we’re able to raise awareness on the issue and furthermore help lonely people”, says Tuula Colliander, Executive Director from HelsinkiMissio.

Black Friday stunt is executed together with Pure Waste, a Finland-based clothing manufacturer that has never taken part to Black Friday due to their values. The company, also known as a pioneer in textile recycling, makes its clothing from 100% recycled cotton, utilizing cutting waste from the textile industry.

¹ Pieters, Rik: Bidirectional Dynamics of Materialism and Loneliness: Not Just a Vicious Cycle. Journal of Consumer Research Volume 40, Issue 4, 1 December 2013, Pages 615–631.

At the subsidiaries of the German Mahlo GmbH + Co KG, two branch managers are celebrating anniversaries this year. Alan Lavore, CEO of Mahlo America Inc., has been with the machine builder for 25 years. Michel Bruni, CEO of Mahlo Italia, has been part of the Mahlo family for 40 years.

Bruni began his career at Mahlo in 1981 as a service technician in the French branch Mahlo Ouest. Just one year later, he moved to Mahlo Italia, where he was appointed branch manager in 1996. He still holds this position today. Bruni is also sales manager for the Benelux countries, the Maghreb countries and Madagascar. The Mahlo Italia CEO's recipe for success includes expertise paired with experience and passion. To remain loyal to a company for so many years also testifies to a special relationship. "Then as now, I work with a dynamic and committed team. We also have a very good relationship with the employees of the parent company in Germany," says Bruni.

The culture and integrity with which business is conducted in the family-owned company were among the reasons why Mahlo America Inc. CEO Alan Lavore has also been with Mahlo for 25 years. "I just love working with all the great people at Mahlo." Lavore joined Mahlo in 1996 as a territory sales manager and took over as CEO in 2005. During this time, he drove the company's expansion from a textile specialist to a supplier for various production sectors such as film, paper, coating and converting or nonwovens.

• Currency-neutral sales up 3%, despite € 600 million drag from external factors*
• Strong top-line momentum in EMEA, North America and Latin America with double-digit
• increase across these regions*
• DTC business growing at double-digit rate in EMEA, North America and Latin America*
• Gross margin at 50.1% as significantly higher full-price sales partly compensate
• negative currency impact and higher supply chain costs*
• Operating margin at 11.7% despite strong double-digit increase in marketing spend*
• Net income from continuing operations reaches € 479 million*
• Inventories down 23% currency-neutral*
• 2021 top- and bottom-line outlook confirmed*

“adidas performed well in an environment characterized by severe challenges on both the supply and demand side,” said adidas CEO Kasper Rorsted. “As a consequence of successful product launches we are experiencing strong top-line momentum in all markets that operate without major disruption. Double-digit growth in our direct-to-consumer businesses in EMEA, North America and Latin America is a testament to the strong consumer demand for our products. At the same time, we are navigating through the current world-wide supply chain constraints. Despite all challenges, we are on track to delivering a successful first year within our new strategic cycle.”
 

*See attached document for more information.

• CHIC Shanghai successfully completed under high safety and hygiene conditions
• The trend hotspot for the Chinese sales market: Lively interest of more than 20,000 trade visitors in the new collections of the 487 brands at the NECC in Shanghai
• Sustainability in great demand in all areas
• CHIC Shenzhen focuses on trading in the strong sales region of South China and the international clusters Hong Kong and Macao: Date postponed from November to December due to current Covid-19 cases in China

The fashion world of China met at the physical event CHIC Shanghai from October 9-11, 2021 at the National Exhibition and Convention Center in Shanghai

487 exhibitors presented themselves in clearly structured segments on 50,000 square meters. Maximum compliance with the security measures determined the course. Against this background the exhibitors welcomed more than 20,000 trade visitors and reported cheerful orders.

The 487 exhibitors were also satisfied with the business activity and reported successful orders.

Perfect presentation platform: the CHIC Matching area
The expanded matchmaking events at CHIC were also enthusiastically received.
In total, over 37 matchmaking events took place in the specially set up matching area consisting of several presentation platforms and private negotiation rooms at the fair. From company presentations by industry giants such as Shein, through trade fair tours to selected one-on-one discussions, CHIC brought exhibitors and visitors together in a targeted manner. More than 600 participants have been matched by this CHIC event. Among them visitors such as Shein, Walmart, Wang Yi Yan Xuan, Tiktok, BAILIAN GROUP, LIQUN etc, parts of the organizer's broad network.

Continuing growth: sustainable productions
Sustainability is one of the most important consumer trends in China. CHIC played the theme in all exhibition areas; from womenswear, kidswear and menswear to accessories, sustainable collections were represented in all segments.

Design talent and traditional styles
In the IMPULSES area, innovative designer brands showed inspiring trends, high-quality collections and fashion variety like Kmusso, MIJA or Yu Jian Tian with its new design collection made by natural materials such as mulberry silk and wool, presenting the unique traditional Chinese style.

CHIC Shanghai presented the entire range of the fashion business in a total of 12 exhibition segments. This year's acclaimed visual concept, created by lava beijing, has been awarded the Bronze Award of the Hiiibrand Awards 2021 in the Identity category.

Digital tools and physical events
In addition to the on-site trade fair offer, CHIC is expanding its reach through the consistent use of digital tools. The CHIC app combines all the functions needed for a successful trade fair participation, from the digital trade fair catalog and matchmaking to direct appointments and live chats for all participants who cannot be on site.

The next CHIC in Shanghai will take place in March 2022.

• 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.

Kornit Digital Ltd. announced the release of its Kornit Presto MAX system for sustainable on-demand production of apparel and other textile goods. The new system will make its live debut at Kornit Fashion Week Los Angeles + Industry 4.0 Event, which the company is hosting November 2-5 to showcase technology innovations, partnerships, and proven strategies driving the business case for sustainable, on-demand production of fashion and textile goods worldwide.

Kornit Presto MAX is the first digital print system to offer white printing on colored fabrics, enhancing decoration capabilities for dark colored fabrics more broadly. It is the only single-step solution for direct-to-fabric printing, delivering the highest quality and softest feel with brilliant whites and brighter neon colors. The system is ready to incorporate future iterations and evolutions of XDi technology—3D decorative applications to produce threadless embroidery, high-density, vinyl, screen transfer, and other innovative effects.

Kornit Presto MAX is compatible with natural fabrics, synthetics, and blends, and includes advanced algorithms for smart autonomous calibration, to deliver high-quality results with short cycle times and minimal manual interruptions or defects. The system was devised for compatibility with the KornitX global fulfillment ecosystem to enable anywhere, anytime production, supporting a true distributed production model that fulfills nearer the end consumer, eliminating time and logistical waste from the experience while empowering brands to ensure quality and consistency across all systems and production sites.

Kornit Presto MAX provides the cornerstone of a smart, efficient, sustainable EcoFactory that empowers producers to cover and integrate more parts of the process, from design to finished product, to decrease their carbon footprint, use minimum manpower, and generate less waste. This means eliminating excessive time, labor, and shipping throughout the value chain, enabling proximity production to meet the accelerated demands of a web-driven global marketplace—revealing new sales channels and clever business models to grow the business long-term.

Two long-established companies are joining forces: as of October 2021, textile finishing specialist AG Cilander from Herisau, Switzerland, will acquire 100 percent of ALUMO AG, an Appenzell-based manufacturer known for producing ultra-fine cotton fabrics to exacting Swiss quality standards.

The textile finishing industry is an environment in which quality, new technologies and a keen interest in innovative textile solutions play a crucial role. In this business, strong, reliable alliances with customers and partners are vital pillars to allow growth while still satisfying the high expectations set for the materials used. By acquiring ALUMO AG, the world leader in ultra-fine cotton fabrics, AG Cilander expands into a new market segment, setting the course for successfully broadening its product portfolio and tapping into new sales markets.

Both companies can look back on a long tradition of expertise in the textile industry, and their partnership has been a very successful one for years.

ALUMO AG will continue to operate as an independent company based in Appenzell, keeping the same strategic direction in the fabrics offered and the same standards for excellence in service and quality.

Vintage Revivals, ein Second-Hand-Konzept der ReSales Textilhandels- und -recycling GmbH, ein Unternehmen der TEXAID-Gruppe, startet in Düsseldorf als Concept Store im neu eröffneten Görtz. Mit der vierten Neueröffnung im Jahr 2021 bedient VINTAGE REVIVALS die wachsende Nachfrage nach individuellen Unikaten und Mode-Schätzen und folgt somit seinem stringenten Wachstumsplan.

Der Store als Bühne für Individualisten
Der Store wurde durch die Interieur Designer unter der Leitung des Makenverantwortlichen Serkan Tur im Urban Industrial Style gestaltet. Als Elemente der Brand Identity wurden im Eingangsbereich und an ausgewählten Stellen hochwertige Metrofließen in weiß und grün eingesetzt. Diese wurden durch verschiedene Spiegelkonstruktionen ergänzt, um eine Weitläufigkeit und Großzügigkeit zu schaffen. Durch den Einsatz von Leuchtelementen mit verschiedenen Claims werden die Kunden zu Hauptdarstellern, die Fläche auf feierlich-ironische Art als Bühne zur Selbstdarstellung zu nutzen.

Vintage aus den letzten Jahrzehnten
In dem neuen Store bietet Vintage Revivals ab sofort eine Auswahl an Basic-Styles sowie Special Collections aus vergangenen Jahrzehnten. Das Angebot umfasst im Basis-Sortiment die klassischen Rubriken wie Denim, Dresses, Jackets und Knitted-Goods, aber auch It-Pieces aus den Bereichen Streetstyle, Fetisch, World-Wear und Club-Wear.

Im Bereich der Special-Collections, die gemeinsam mit international agierenden Trendscouts kreiert werden, wird auf spezialisierte Vintage-Lieferanten aus den der Kollektion entsprechenden Regionen zurückgegriffen. Die Collections haben ein Motto – beispielsweise „One Love“ – oder lehnen sich an Modetrends verschiedener Regionen an – zum Beispiel „Kapstadt Collection“ oder „London Collection“.

• Asahi Kasei Corporation markets premium stretch fiber under the brand of ROICA™, with superior performance features enabled by integrated production from raw material to yarn based on its advanced technology.
• The specialized global holding operates its global ROICA™ business having production sites in Japan, Thailand, Taiwan, China, and Germany with strategic sales facilities around the world.

With deep regret, Asahi Kasei has taken the decision to restructure its production strategy in order to face the new, unexpected and critical market situation. As part of this process, the production and sales of ROICA™ at its German subsidiary, Asahi Kasei Spandex Europe GmbH in Dormagen, will be discontinued by March 31, 2022.
 
Recognizing the paramount importance of the European market, especially when it comes to smart innovation where ROICA™ is a leader, and with the goal of continuing the excellent longtime work with valued partners, customers and supply chains, Asahi Kasei will continue to develop sales, technical and marketing services in Europe through Asahi Kasei Europe, the European regional headquarters of the Asahi Kasei Group. It will especially focus on ROICA™ added value products manufactured at its ROICA™ production sites in Asia.
 
Through this process, Asahi Kasei will reshape the efficiency and productivity of its global ROICA™ operation by keeping a strong focus on responsible innovation and sustainability in close communication, and safeguarding its business partners.
 
As a manufacturer of superior quality, highly functional and sustainable ROICA™ products, Asahi Kasei will continue its journey of responsible innovation aiming to provide solutions to the textile industry and to contemporary consumers, by enhancing production capabilities and expertise at the global sites supported by an expert, wise and efficient company.