From the Sector

New Mimaki 3DGD-1800 3D printer boasts ground-breaking production speeds and transforms production of large-sized objects, opening up a wide range of new possible applications across industries from sign and display to manufacturing.

Mimaki Europe, a leading manufacturer of inkjet printers and cutting systems, today announces the launch of the new Mimaki 3DGD-1800 3D printer, facilitating large-scale production up to three times faster than with conventional Fused Filament Fabrication (FFF) type 3D printers. The Mimaki 3DGD-1800 3D printer connects the company’s 2D printing expertise and 3D technology innovations, providing customers with a cost-effective, total solution for 3D sign and display applications.

Capable of producing objects up to 1.8 metres tall in just seven hours – with its assembly-based design allowing for the creation of even larger designs – the innovative 3D printing system boasts a number of clever time- and cost-saving features, including dual-head configuration to enable the simultaneous output of two structures. The Mimaki 3DGD-1800 also facilitates the production of support-free hollowed structures, further streamlining production whilst allowing for increased portability and the possible addition of interior illuminations. The technology will open up a diverse range of potential applications, from signage, events and creative art through to interior design. Customers can utilise Mimaki’s extensive portfolio of 2D print solutions to cost-effectively decorate these applications, opening doors to a range of new products that combine creativity and innovation with Mimaki’s tried and tested vibrant, high-quality results.

Commercially available from April 1, 2020, the new Mimaki 3DGD-1800 is set to revolutionise the way in which large-sized objects are created, enabling a switch from costly and time-consuming conventional handcrafting methods which require significant expertise, to effortless, high-speed production utilising 3D data. 

HeiQ, winner of the Swiss Technology Award and Swiss Environmental Award, launches HeiQ Viroblock NPJ03, an antiviral and antimicrobial textile treatment that is tested effective against coronavirus.

Since its inception 15 years ago, HeiQ has forged a solid innovation track record helping brands improve textile products. Catalyzed to action by the global fight against Coronavirus, HeiQ launches HeiQ Viroblock NPJ03, an antiviral and antimicrobial textile treatment which is proven effective against human coronavirus (229E) in face mask testing, significantly enhancing the antiviral log reduction from 2.90 of untreated face masks to 4.48, over 99.99% reduction of virus infectivity. (Remarks: a log reduction of 2 is equivalent to 100 times the effectiveness).

Chinese protective masks producer Suzhou Bolisi is the lead adopter of HeiQ Viroblock NPJ03. Treated masks will be available on the market as early as this April. American legwear manufacturer Kayser-Roth is planning to add the technology to their new product, Ghluv hands protector, while Lufeng from China is evaluating the technology on other types of fabric used for garments.

HeiQ Viroblock NPJ03 is a unique combination of vesicle and silver technologies designed to inhibit the growth and persistence of bacteria and viruses. The HeiQ vesicle technology targets lipid- enveloped viruses, such as coronavirus, providing rapid virus deactivation, while the HeiQ silver technology inhibits the replication of both bacteria and viruses. HeiQ Viroblock NPJ03 can be applied to a wide spectrum of textile surfaces including face masks, air filters, medical gowns, curtains, drapes and more. HeiQ also has a range of highly wash-durable antimicrobial and odor control textile technologies, called HeiQ Pure, combining silver-based and bio-based materials for all fabric types.

Diverging development in the two business units impact fiscal year 2019 of SGL Carbon – Group guidance for 2020 confirmed

• Consolidated sales revenues in fiscal year 2019 up by 4 percent to around 1.1 billion euros
• Consolidated recurring EBIT down by 25 percent to 48 million euros; record results of graphite specialities business did not fully compensate for the weak development in the carbon fiber business
• Composites – Fibers & Materials (CFM): Cyclical und structural weaknesses impact the result of the market segments Wind Energy, Textile Fibers and Industrial Applications, which have limited strategic significance in the medium term
• Graphite Materials & Systems (GMS): Sales and earnings on record level due to strong growth in the market segments Semiconductors and Automotive
• Non-cash impairment charge of around 75 million euros was recorded at CFM in the third quarter of 2019
• Free cash flow significantly improved
• Issue of a new corporate bond and early redemption of the 2015/2020 convertible bond has significantly improved the maturity profile
• SGL Carbon confirms guidance for fiscal year 2020: sales expected slightly below previous year; recurring EBIT approximately 10 to 15 percent below previous year level
• Dr. Michael Majerus, Spokesman of the Board of Management of SGL Carbon: “The financial development of the fiscal year 2019 conceals the fact that our strategic orientation is correct. This is evident from our growth and the increasing number of contracts and projects we acquired in our strategic core markets. Main drivers are the topics of sustainable mobility and energy as well as digitization. Therefore, we expect that we can grow our consolidated revenue by a mid to high single-digit percentage per year on average between 2020 and 2024.“

The fiscal year 2019 developed very differently in the two business units of SGL Carbon. The record results in the graphite specialities business could not fully compensate for the weak development in the market segments Wind Energy, Textile Fibers and Industrial Applications in the carbon fiber business. Group sales grew by 4 percent to 1.1 billion euros. Recurring Group EBIT declined by 25 percent to 48 million euros. Due to the ongoing weakness in the market segments Textile Fibers and Industrial Applications the business unit CFM recorded a non-cash impairment loss of 75 million euros in the third quarter of 2019. With minus 90 (prior year: plus 41) million euros, consolidated Group result declined significantly compared to last year’s good results. The Group confirms its guidance for 2020 published in October 2019.

Group sales are expected to decline slightly compared to the prior-year level, whereas Group recurring EBIT is expected to reach a result around 10 to 15 percent below the prior-year level. Consolidated net result of the Group in 2020 should strongly improve compared to prior-year level to a low double-digit loss.

• Order intake up 7% on previous year; orders amounting to CHF 401.6 million booked in fourth-quarter 2019 (4th quarter 2018: CHF 119.0 million)
• As expected, sales significantly down on previous year, falling by 29% to CHF 760 million
• EBIT margin of 11 .2% and net profit of 6.9% of sales, non - recurring profit contribution from sale of real estate in Ingolstadt (Germany)
• Proposed dividend of CHF 4. 5 0 per share

In financial year 2019, Rieter recorded an order intake of CHF 926.1 million, which was 7% up on the prior-year period (2018: CHF 868.8 million). This development is attributable to a strong fourth quarter, in which Rieter booked orders totaling CHF 401.6 million (4th quarter 2018: CHF 119.0 million). At the end of 2019, the company had an order backlog of about CHF 500 million (December 31, 2018: about CHF 325 million).

In 2019, Rieter Group sales amounted to CHF 760.0 million (2018: CHF 1 075.2 million), which corresponds to a decrease of 29% compared to the previous year.

EBIT Margin, Net Profit and Free Cash Flow

Rieter generated an EBIT margin of 11.2% or CHF 84.9 million (2018: 4.0% or CHF 43.2 million). This includes the non - recurring profit from the sale of real estate in Ingolstadt in the amount of CHF 94.5 million. As a result of the capacity adjustment and cost reduction measures, the number of employees decreased by 11% to 4 591 (December 31, 2018: 5 134).

Net profit rose to CHF 52.4 million (6.9% of sales) and thus was significantly higher than in the previous year (2018: CHF 32.0 million or 3.0% of sales). The contribution from the sale of real estate in Ingolstadt had an impact of CHF 67.2 million (EUR 61.6 million) at the net profit level. Free cash flow in 2019 was CHF 42.3 million (2018: CHF 63.6 million). Net liquidity rose to CHF 162.1 million (December 31, 2018: CHF 150.2 million ). The equity ratio as of December 31, 2019, was 47.8% (prior-year balance sheet date: 44.6%).

Kornit’s Avalanche Poly Pro system “offers the best possible quality” for consumers demanding custom-decorated polyester and poly-blend apparel
January 8, 2020, Englewood, New Jersey – Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced that GEAR for Sports, a division of Hanesbrands Inc., has installed a Kornit Avalanche Poly Pro system to supplement previously-implemented Kornit Digital direct-to-garment (DTG) print systems within the company’s Lenexa, Kansas production facility.

GEAR for Sports sells its products under some of the most powerful brands in sportswear, including Under Armour®, Champion®, Alternative Apparel, Hanes, and Gear for Sports®. This compelling portfolio of brands allows GEAR to provide a longstanding history of quality graphics and innovative apparel design, giving customers a single resource for all their sportswear needs. Installing Avalanche Poly Pro, which integrates Kornit’s proprietary NeoPoly print technology with the brand’s production strategy, will enable them to custom-print poly rich garments on demand.

GEAR for Sports has implemented three Kornit DTG print systems in the last two years. Having established a process for delivering imprinted cotton garments on demand, and further answering the voice of its customers, the brand decided to expand these capabilities to polyester and poly-blend pieces.

“We’ve been inviting key customers to our facility to demonstrate what the Poly Pro equipment can do, as we expand our digital printing capability throughout our facility,” said Cindy Olivarez, Director of Operations—Customs and Logistics with GEAR for Sports. “Digital printing is an ever-growing business and is key to our business initiatives. Having the ability to print polyester t-shirts one unit at a time will allow us to gain consumers who want poly rich garments, and Kornit’s Poly Pro system offers the best possible quality to allow GEAR for Sports to expand our direct-to-garment business.”

• Group sales increases by approximately 6 percent compared to the prior year period to 832 million euros due to organic growth in the market segments Digitization, Energy and Chemicals
• Group recurring EBIT at around 54 million euros; adjusted for a positive one-time effect in the prior year approximately on the comparable level of the prior year
• Business unit Composites – Fibers & Materials (CFM) deteriorated substantially in the third quarter 2019 due to the weak development in the market segments Textile Fibers, Wind Energy and Industrial Applications; Graphite Materials & Systems (GMS) developed better than expected on the very good level of the prior quarter reaching overall a record high level in 9M/2019
• Free cash flow from continuing operations improved significantly in the first nine months
• Impairment testing triggers a non-cash impairment charge of approximately 75 million euros in CFM in the third quarter
• Revised guidance of October 25, 2019: Recurring EBIT at CFM in a negative mid-to-high single digit million euros amount and on Group level at 45 to 50 million euros
• Countermeasures initiated to improve earnings of CFM
• Dr. Michael Majerus, Spokesman of the Board of Management of SGL Carbon: ”The structural growth drivers remain intact in our strategically relevant markets. The countermeasures to improve earnings of CFM will be implemented consistently.”

In the third quarter 2019, the business units of SGL Carbon developed very differently. While Graphite Materials & Systems (GMS) showed better than expected results, Composites – Fibers & Materials (CFM) deteriorated compared to the two previous quarters. This is attributable to the weaker development in the market segments Textile Fibers and Industrial Applications. In total, sales revenue in the first nine months 2019 grew by approximately 6 percent to reach 832 million euros. Recurring Group EBIT after nine months reached approximately 54 million euros. Adjusted for a positive one-time effect in the prior year, this was comparable to the prior year level.

In its ad-hoc notification of October 25, 2019, the company revised its guidance for recurring EBIT of CFM downwards to a negative mid to high single digit million euro amount. On the Group level the company now expects a recurring EBIT at 45 to 50 million euros. Due to the lower starting point in 2019 as well as the ongoing weakness in the market segments Textile Fibers and Industrial Applications in the business unit CFM a non-cash impairment charge in the amount of approximately 75 million euros was recorded in the third quarter 2019. In recent years acquired assets of the former joint ventures with BMW and Benteler were not affected by this impairment. In addition, the impairment charge of CFM led to a valuation allowance on deferred tax assets in the amount of 7.4 million euros. Against this background, SGL Carbon now expects a net result of approximately minus 100 million euros for fiscal year 2019.

Deterioration in market segments Textile Fibers and Industrial Applications in the business unit CFM will be counteracted with various measures; strategic growth markets remain intact

• Continued weakness in the business unit Composites – Fibers & Materials (CFM) in the final quarter of 2019 due to the further weakening in the market segment Textile Fibers as well as the deteriorated economic environment in the market segment Industrial Applications leads to a guidance adjustment for the full year 2019
• Earnings deterioration at CFM triggers an impairment testing; impairment charge will become necessary
• Initial outlook for 2020
• Comprehensive measures initiated to improve earnings of the CFM business unit
• CFM strategic growth markets automotive and aerospace remain intact
• Growth in higher-margin aerospace business to be accelerated

While the preliminary results for the first nine months 2019 remain, overall, within the scope of the full year outlook outlined in the ad-hoc notification of August 14, 2019 (preliminary 9M/2019 recurring EBIT: Group: approx. €54 million, CFM: approx. minus €2 million, GMS: approx. €71 million, Corporate: approx. minus €15 million), continued weakness is becoming apparent for the final quarter 2019 in the reporting segment Composites – Fibers & Materials (CFM). This is due to the further weakening in the market segment Textile Fibers as well as the deteriorated economic environment in the market segment Industrial Applications.

SGL Carbon therefore now expects for the full year 2019 a recurring EBIT in the reporting segment CFM in a negative mid to high single digit million € amount (previous guidance: positive mid-single digit million € amount). This results in a Group recurring EBIT for the full year 2019 in the magnitude of €45 to 50 million (previous guidance: approx. €55 million).

The earnings deterioration at CFM triggers an impairment testing. Based on the preliminary status of the new five-year plan, a non-cash impairment charge of €70 to 80 million is becoming apparent in CFM mainly due to the lower starting point in 2019 as well as the ongoing weakness in the market segments Textile Fibers and Industrial Applications. This impairment charge will be recorded in the third quarter 2019. In recent years acquired assets of the former joint ventures with BMW and Benteler are not affected by this impairment.

• Growing demand for natural fabrics and blends driving Brodelec business growth

September 25th, 2019, Rosh Ha’ayn, Israel – Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced that Orleans, France-based Brodelec has installed the country’s first-ever Kornit Presto S system for roll-to-roll, pigment-based digital textile printing.

This installation will enable the multiservice marking brand to expand their business further into customized décor and on-demand fashion.

Brodelec has partnered with Kornit for over a decade and owns several direct-to-garment print systems. Based on demand for natural fabrics and blends in the home décor and fashion markets, they are now expanding their offerings to include bespoke direct-to-fabric services.

Brodelec chose the Kornit Presto S as it is the only single-step solution and therefore the fastest route from design to finished product, making it the most efficient and eco-friendly fabric printing solution in France today.

• Ice, style and performance

These are the keywords which describe the new eclectic creations by the Riri Group for the Fall Winter season 2020-2021: a journey through the winter, its atmosphere and its colours Mendrisio, September 2019 - Première Vision Paris (17 - 19 September) will set the stage for the new proposals for the Fall Winter 2020-21 collection by the Riri Group, a leading brand in the zip and button manufacturing sector for high couture and outdoor apparel. A preview of the new collection by the Swiss group will take place at Munich Fabric Start (3 – 5 September).

COLOURS, MATERIALS AND TEXTURES

Winter landscapes and polar tones have inspired the colours of this new collection: nuances of grey, azure and white remind us of the typical tones of ice; also dominant is the presence of blue, intense and rich in contrast thanks to the attractive green inserts; black interventions are then harmoniously inserted as part of the colour palette, creating an appealing interplay of colour references. Tapes, pullers and chains provide new pleasant tactile sensations and unexpected visual inputs, through the search for always new processing methods the iceberg effect reproduced with a laser system, the texture reminding us of snake skin, from marble effect to horn processing, and freehand diamond turning, as well as the three-dimensional drop varnishing and the stylish mother-of-pearl effect.

NOVELTIES

The guiding thread for the new “Winterstorm” collection is the use of nuanced colours and ‘ice-like’ effects, reminding us of winter landscape and climates, as in the new Decor Cristal zip with transparent chain or in the Aquatyre zip, available also in a new luminescent version. Among the new creations, the Metal 3H zip stands out: the smallest and most innovative in the collection, lightweight and with a streamlined design. The provocations for this fall-winter have reached extreme levels, with a zip made of synthetic fur and incorporated buttons, whose cover can be removed and then reapplied, to face polar temperatures with a touch of glamour. Alongside the most fashionable novelties, the research by the Riri group does not cease to surprise in the outdoor sector also as regards buttons. This is confirmed by Rislide, the snap closure with a nylon body and Zama button. The innovative b-lock pressure button – with high lateral hold – has been restyled with a silicone shaped head in three colours. As part of a collection characterised by style and performance elements, it is definitely worth mentioning Zero, also in its invisible version: this button – thanks to its elegant design, combines practicality and style without compromising on performance.

For the circular knitting machine manufacturer Mayer & Cie. (MCT) this year’s ITMA ended with a satisfactory result. From 20 to 26 June 2019 the company had five machines on show at the leading industry trade fair in Barcelona. The industry leader’s focus was on sporting uses, with one exhibit dedicated to Mayer & Cie.’s innovative ideas. Digital offerings that Mayer & Cie. put together under the name knitlink rounded off the presentation. The platform includes a web shop, remote maintenance options and recording and evaluation of machine data for the customer and is to be further expanded in the future.