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Recycled polyester becomes a production standard for zips' tapes: a new step in Riri Group’s green path. (c) Riri Group
Riri Eco 006 Metal
30.03.2021

RIRI Group - Recycled polyester becomes a production standard

  • Recycled polyester becomes a production standard for zips' tapes: a new step in Riri Group’s green path.
  • Riri is the first company in the fashion accessories industry to complete its transition towards an exclusive use of recycled polyester for zips’ tapes.

To Riri, being ‘Responsible today for a sustainable tomorrow’ means looking ahead, toward a real effort in bringing sustainability in operational decisions, even if they mean more management issues and lead to changes out of the comfort zone which is the result of years of experiences and processes. Riri Group thus becomes the first manufacturing company in the fashion accessories industry to introduce the use of recycled polyester as production standard for its zip range. This achievement marks another essential one in the sustainability path that the Swiss-Italian Group has walked since the 90s. This change fits perfectly the Group’s green approach which sees innovation for the future as one of the main pillars of the corporate strategy, as well as the commitment to protecting natural resources and to improving the

  • Recycled polyester becomes a production standard for zips' tapes: a new step in Riri Group’s green path.
  • Riri is the first company in the fashion accessories industry to complete its transition towards an exclusive use of recycled polyester for zips’ tapes.

To Riri, being ‘Responsible today for a sustainable tomorrow’ means looking ahead, toward a real effort in bringing sustainability in operational decisions, even if they mean more management issues and lead to changes out of the comfort zone which is the result of years of experiences and processes. Riri Group thus becomes the first manufacturing company in the fashion accessories industry to introduce the use of recycled polyester as production standard for its zip range. This achievement marks another essential one in the sustainability path that the Swiss-Italian Group has walked since the 90s. This change fits perfectly the Group’s green approach which sees innovation for the future as one of the main pillars of the corporate strategy, as well as the commitment to protecting natural resources and to improving the
traceability and transparency of both materials and processes, in a framework that sees to rethink social and economic models. Riri’s slogan “excellence in details” can also be read as “sustainability in details” as it speaks to the company’s will to act putting sustainability first.

By employing recycled polyester as production standard for the zip range, the contribution to sustainability on a quantitative level will be significant:

• The company, in fact, will reduce emissions resulting from polyester purchase by 32%; thus, carbon footprint will be cut down by 3%, for zip production. As a result, 460,000 kg of
CO2 per year is saved, the same as 169 return flights from Geneve to New York.

• All the recycled polyester is GRS (Global Recycled Standard)-certified, highlighting Riri’s constant commitment to choosing suppliers that meet the industry’s international standards.

• The recycled polyester used in tapes for zips is made from recycled polyester fibers, both  pre- (20%) and post-consumer (80%).

• An important contribution is made to the goal of increasing the global use of recycled polyester, as stated by Textile Exchange, from 14% to 20% by 2030.

This choice shows once more the ability of the company to develop products that keep in mind the environment whilst preserving functionality, reliability and that visual taste that the world of fashion requires.

Indeed, Riri has introduced its first recycled polyester tape in 2013 and since then has been consistently increasing the use of GRS-certified recycled polyester that comes from recycled materials.

“We are proud of this step and the effect that it has on sustainability and the cultural change through which we approach the development and improvement of our products” states Renato Usoni, Riri Group’s CEO. “Our innovation is the result of a tireless research of low environmental impact materials, an approach that has been the foundation of our identity for many years, but that now is renewed once more to make another step toward the future”.

Kitlocker Implements Kornit Avalanche Poly Pro for Efficient, Versatile Sportswear Production on Demand (c) Kitlocker
Mike Kent
24.03.2021

Kitlocker Implements Kornit Avalanche Poly Pro for Efficient, Versatile Sportswear Production on Demand

The machines are quick and reliable, with very little downtime, which is massively important to me as a business owner.”

Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced United Kingdom-based Kitlocker has implemented two Kornit Avalanche Poly Pro systems for efficient, retail-quality production of branded and customized apparel on demand.

The machines are quick and reliable, with very little downtime, which is massively important to me as a business owner.”

Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced United Kingdom-based Kitlocker has implemented two Kornit Avalanche Poly Pro systems for efficient, retail-quality production of branded and customized apparel on demand.

Kitlocker operates within several sectors of the sports and leisurewear market, providing team gear for schools, football clubs, and other sporting organizations, managing e-commerce platforms on behalf of those organizations. Enabling their customers to embellish popular styles on demand, in any quantity, drove them to explore available technologies for speed and versatility, particularly regarding polyester apparel, a cornerstone of sportswear. Kornit’s Poly Pro system is the only single-step digital direct-to-garment (DTG) technology developed specifically for imprinting polyester and poly-blend materials, extending the company’s patented process for waste-free production with durability, precise graphic detail, and the broadest colour gamut to popular sports and athleisure apparel.

“The Kornit Avalanche Poly Pro allows for far superior quality of finish for embellishment compared to traditional print techniques,” says Mike Kent, Co-Owner of Kitlocker. “When we were shopping around for alternatives, it was obvious the sort of single pass, and its ability to print on polyester, was certainly market-leading—there was no alternative that could do that. The machines are quick and reliable, with very little downtime, which is massively important to me as a business owner.”

According to Kent, the technology has enabled Kitlocker to approach new markets that had always been off-limits previously, driving incremental business and building out new product ranges. The process lent itself to simple integration with their workflow and online design tools, empowering customers to visualize their own pieces and receive finished gear, with superior retail quality and precise logo colour matching, in mere days.

“The system allows us bigger print areas, more colours, and more elaborate designs, and our customers to uniquely embellish their garments on a wide range of products from different brands with lots of different kinds of creative outputs,” adds Kent.

“Our systems help brands like Kitlocker sync supply with demand, eliminating waste and making them more reactive to customer needs,” says Chris Govier, KDEU Managing Director. “Kornit Avalanche Poly Pro extends the efficiency, sustainability, quality, and logistical benefits of digitization to the booming sports and athleisure apparel market. Being able to give their customers the widest assortment of gear, customized in any quantity, on demand, is a winning game plan for Kitlocker.”

Source:

pr4u press contact

Baldwin receives three FlexoCleanerBrush™ orders in 30 days (c) Baldwin Technology
Baldwin’s three new FlexoCleanerBrush installations are located in Bevaria (Germany), Michigan (US) and Florida (US). The Florida order was secured in partnership with local agent Technoflex in South Carolina (US).
23.03.2021

Baldwin receives three FlexoCleanerBrush™ orders in 30 days

  • Full-width automated cleaning system will be installed on high-graphics corrugated presses

Baldwin Technology Company Inc. has successfully landed three new FlexoCleanerBrush orders, with a total of 16 cleaning heads, from customers in the US and Germany. During the COVID-19 pandemic, Baldwin has delivered a total of 30 FlexoCleanerBrush cleaning heads, thanks to close collaboration between onsite team members, local agents, the company’s global sales organization, and support from its product and technology center in Germany. With the FlexoCleanerBrush system, an inline cleaning station installed within each print unit uses a brush that runs the full width of each printing plate. Paired with a precision spray application system, the FlexoCleanerBrush evenly distributes a mixture of detergent and water across the plate as it spins, gently cleaning its surface. The plates are then dried by the integrated air knife.

  • Full-width automated cleaning system will be installed on high-graphics corrugated presses

Baldwin Technology Company Inc. has successfully landed three new FlexoCleanerBrush orders, with a total of 16 cleaning heads, from customers in the US and Germany. During the COVID-19 pandemic, Baldwin has delivered a total of 30 FlexoCleanerBrush cleaning heads, thanks to close collaboration between onsite team members, local agents, the company’s global sales organization, and support from its product and technology center in Germany. With the FlexoCleanerBrush system, an inline cleaning station installed within each print unit uses a brush that runs the full width of each printing plate. Paired with a precision spray application system, the FlexoCleanerBrush evenly distributes a mixture of detergent and water across the plate as it spins, gently cleaning its surface. The plates are then dried by the integrated air knife.

“With two of the recent orders, the customers had already installed the FlexoCleanerBrush in other locations. One of them reported as much as a 30 percent production capacity increase, thanks to the  installation,” said Lee Simmonds, Regional Sales Manager at Baldwin. “Both customers have experienced insufficient results with their original traversing cloth cleaning systems, which will now be removed and replaced with the full-width, stand-alone, automated FlexoCleanerBrush technology from Baldwin.”

Improving sustainability is one of the key drivers for investments in the corrugated printing industry. The FlexoCleanerBrush dramatically cuts water waste by cleaning plates more efficiently. In a recent independent study that was conducted to validate the capacity of the automated system, the FlexoCleanerBrush could fully clean and dry all printing plates in less than four minutes and pick hickeys in seconds.

Besides offering efficient cleaning during runs and fast end-of-job cleaning, the FlexoCleanerBrush system also enables operators to remove dry plates from the machine without the potential risk of plates sticking together once they are placed back in the plateracking system. This helps to ensure increased board throughput, less downtime and a safer working environment by eliminating operators’ contact with nip points, moving parts and chemicals.

Source:

Baldwin Technology

Archroma celebrates 3 years of working with aniline-free Indigo Heroes (c) Archroma
22.03.2021

Archroma celebrates 3 years of working with aniline-free Indigo Heroes

  • 18+ metric tons of aniline are estimated to have been removed from the denim supply chain in about 3 years(2).
  • That represents 300'000'000+ pairs of jeans free of aniline, with 18'000+ garment workers, and aquatic life, protected from its toxicity(2).

Archroma celebrates nearly 3 years of successfully converting the denim industry to aniline-free(1) pre-reduced liquid indigo.

Archroma launched its aniline-free(1) Denisol® Pure Indigo in May 2018(3).

  • 18+ metric tons of aniline are estimated to have been removed from the denim supply chain in about 3 years(2).
  • That represents 300'000'000+ pairs of jeans free of aniline, with 18'000+ garment workers, and aquatic life, protected from its toxicity(2).

Archroma celebrates nearly 3 years of successfully converting the denim industry to aniline-free(1) pre-reduced liquid indigo.

Archroma launched its aniline-free(1) Denisol® Pure Indigo in May 2018(3).

Aniline is a key ingredient to make the indigo molecule. Unfortunately, during this process some aniline impurities are carried through into the indigo dyestuff. When the indigo is dyed on the fabric, a lot of the aniline impurity is locked into the pigment in the fabric. The remainder of the aniline impurity, approximately 300 metric tons annually, is discharged during dyeing. This can be an issue as aniline is toxic to aquatic life. In addition, exposure levels to factory workers can be high. The new Denisol® Pure Indigo 30 liq was therefore developed as an aniline-free(1) indigo solution for designers, manufacturers and brand owners who long for authentic indigo inspiration.

Since the launch of Denisol® Pure Indigo, several denim manufacturers, such as front-runner Absolute Denim, as well as Advance Denim, Azgard 9, Kilim Group, Nuevo Mundo, Rantex, Shasha Denim and Tuong Long, have taken the matter in their hands and converted their production or dedicated lines to aniline-free denim to brands and retailers.

The innovation is also supported by denim partners such as Be Disobedient and The Denim Window.

Archroma evaluates that, based on the total quantity of Denisol® Pure Indigo sold until its introduction, its partners helped remove almost 18 metric tons of aniline from the denim supply chain. That represents an equivalent to about 300’000’000 pairs of jeans free of aniline and more than 18’000 garment workers protected from its toxicity(2).

 

(1) Below limits of detection according to industry standards (tested & proven).
(2) Based on 15 minutes of work to produce one pair of jeans, produced over 8-hour working days and 300 working weeks per year.
(3) For the launch press release, click here.

More information:
Archroma aniline-free Denim
Source:

EMG

SGL Carbon receives €42.9 million funding under IPCEI for graphite anode materials (GAM) in lithium-ion batteries (c) SGL Carbon
SGL Carbon's graphite anode material for lithium-ion batteries
10.03.2021

Funding for SGL Carbon

  • SGL Carbon receives €42.9 million funding under IPCEI for graphite anode materials (GAM) in lithium-ion batteries
  • Funding in the amount of €42.9 million to 2028 for SGL Carbon GmbH from the German Federal Government and the Free State of Bavaria
  • SGL Carbon project aims at European production of innovative anode materials as a key value-added step in electromobility

SGL Carbon, a leading supplier of graphite and carbon products, today received a funding notification for the development and industrialization of innovative anode materials made of synthetic graphite for use in lithium-ion batteries. The funding program is part of the second European IPCEI (Important Project of Common European Interest) / EUBatIn (European Battery Innovation) program, which aims at a competitive European value chain for lithium-ion batteries based on innovative and sustainable technologies.

  • SGL Carbon receives €42.9 million funding under IPCEI for graphite anode materials (GAM) in lithium-ion batteries
  • Funding in the amount of €42.9 million to 2028 for SGL Carbon GmbH from the German Federal Government and the Free State of Bavaria
  • SGL Carbon project aims at European production of innovative anode materials as a key value-added step in electromobility

SGL Carbon, a leading supplier of graphite and carbon products, today received a funding notification for the development and industrialization of innovative anode materials made of synthetic graphite for use in lithium-ion batteries. The funding program is part of the second European IPCEI (Important Project of Common European Interest) / EUBatIn (European Battery Innovation) program, which aims at a competitive European value chain for lithium-ion batteries based on innovative and sustainable technologies.

SGL Carbon is one of a few manufacturers of synthetic graphite for anode materials in Europe. The company’s contribution to the IPCEI project ranges from the development of anode materials with increased performance, energy-efficient and sustainable manufacturing processes to novel recycling concepts. It also includes scaling them up to pilot scale and finally mass production. Over the project lifetime until 2028, the goal is to also establish a closed cycle for this cell component. SGL Carbon has already created a solid foundation for the project through previous investments such as the battery application laboratory at its Meitingen site. The German federal government and the Free State of Bavaria provide funding for the SGL Carbon project totaling €42.9 million, which can be drawn down over the duration of the project.

"With our development and industrialization project for new innovative anode materials and processes, we make an essential contribution to establishing a sustainable and competitive European value chain and circular economy for lithium-ion batteries. In turn, this enables us to support our customers with tailored materials and services in their innovation and industrialization process. We are very pleased about the support from the federal and state governments in this important task and would like to express our sincere thanks," explains Burkhard Straube, President Business Unit Graphite Solutions at SGL Carbon.

"In order to produce competitive, high-performance and particularly environmentally friendly batteries in the future, we need innovations. The companies participating in the IPCEIs base their battery materials, cells and systems pursued in the projects on their own research - in cooperation with their partners. This way, we ensure that the battery ecosystem being created in Germany and Europe will also place us among the world leaders in terms of technology," says Elisabeth Winkelmeier-Becker, Parliamentary State Secretary at the German Federal Ministry of Economics and Technology.

"The funding ensures value creation in a central high-tech segment with great future potential, which is ideally suited to Bavaria as a business location. In the course of the project, 25 jobs will be secured or newly created in Meitingen. SGL Carbon is an important company for the entire region and a major employer," says Hubert Aiwanger, Bavarian Minister of Economic Affairs and Bavarian Deputy Minister-President.
 
Synthetic graphite is utilized as anode material for lithium-ion batteries in many fast-growing applications such as electric vehicles, stationary energy storage systems and mobile consumer devices. Compared to natural graphite, synthetic graphite has a better performance, higher quality consistency and easier production scalability, as well as a better profile in terms of environmental footprint and safety in manufacturing. In the project described, SGL Carbon builds on its core competencies in the development and mass production of synthetic graphite.

How to do more with less explored at Kingpins24 Flash (c) Monfords
Monforts has a leading position in the field of denim finishing with its well proven Thermex continuous dyeing systems, Montex stenter dryers and other lines for resource-efficient and economical processing.
09.03.2021

How to do more with less explored at Kingpins24 Flash

  • Major Monforts denim customers continue to pioneer new initiatives that are pushing the boundaries of sustainable production.

Recycling their cotton waste has become one way these companies can do more with less, and at the recent Kingpins24 Flash online event, Sedef Uncu Aki, director of Orta, headquartered in Istanbul, Turkey, announced a new partnership with leading recycling operation Gama Recycle.

Traceable
“Through this local partnership we will supply the waste from our spinning mills and return around 3,000 tons of premium quality cotton back to them,” she said. “We have established a truly controlled and traceable system and partnering with a domestic recycling centre is important because a lot the carbon emissions associated with recycling usually come from transportation.”

  • Major Monforts denim customers continue to pioneer new initiatives that are pushing the boundaries of sustainable production.

Recycling their cotton waste has become one way these companies can do more with less, and at the recent Kingpins24 Flash online event, Sedef Uncu Aki, director of Orta, headquartered in Istanbul, Turkey, announced a new partnership with leading recycling operation Gama Recycle.

Traceable
“Through this local partnership we will supply the waste from our spinning mills and return around 3,000 tons of premium quality cotton back to them,” she said. “We have established a truly controlled and traceable system and partnering with a domestic recycling centre is important because a lot the carbon emissions associated with recycling usually come from transportation.”

Orta’s ZeroMax range meanwhile uses no cotton at all, being based on Lenzing’s Tencel cellulosic fibre, while the company’s involvement in denim production for a recent launch by Levi Strauss, of jeans made with organic cotton and Circulose – a breakthrough material developed by re:newcell of Sweden and partners – was hailed as a further step forward.

To make Circulose, re:newcell repurposes discarded cotton textiles, such as worn-out denim jeans, through a process akin to recycling paper. The incoming waste fabrics are broken down using water. The colour is then stripped from these materials using an eco-friendly bleach and after any synthetic fibres are removed from the mix, the slurry-like mixture is dried and the excess water is extracted, leaving behind a sheet of Circulose. This sheet is then made into viscose fibre which is combined with cotton and woven into new fabrics.

Circular Park
Omer Ahmed, CEO of Artistic Milliners also announced plans for his company’s new 70,000 square-foot Circular Park in Karachi, Pakistan, at Kingpins24 Flash.

Once complete, this will add three million square metres of additional denim capacity a month to the company’s production and take its total recycled output to a monthly five million metres.
Ahmed observed that there is currently a lack of sustainable fibres that are readily available to use for denim production at scale.

“Organic cotton is too expensive, and in my opinion always will be,” he said. “Cottonised hemp is also not cheap and it’s hard to mix with cotton, while the new regenerated cellulose fibres that are now emerging are promising, but currently in short supply. Recycled polyester is meanwhile still based on petroleum resources which we want to move away from. As a consequence, there are only a few other options for us as a manufacturer and this new project will help us minimise our own waste while significantly lowering our carbon footprint.”

Other Monforts denim customers to introduce cotton fibre recycling operations at their plants recently include AGI Denim, Bossa and Soorty.

Vertical savings
Refresh is the name of the latest collection from AGI Denim – reflecting the company’s significant reduction in water consumption.

The company has just opened new fibre spinning and denim mills at its complex in Karachi, Pakistan.

“Over the years we’ve gone through a series of backward integration steps to become fully vertical,” said AGI Denim executive director Ahmed Javed, at Kingpins24 Flash. “In our latest expansion, we revisited every step of the production processes in order to make resource savings.”

Innovations have included the installation of proprietary robotics for garment finishing, but the most attention has been paid to water savings.

“Pakistan is one of the largest cotton-producing companies in the world and we’re fortunate that the type of cotton that is grown here is well suited to denim production and also helps us lower our carbon footprint, with everything done in close proximity,” Javed said. “In the lifecycle of a pair of denim jeans, however, cotton fibre production contributes 68% of water consumption. While we cannot control how much water cotton needs for it to grow, we can rethink the way we use it in our factory.”

Refresh-branded denims are washed from 100% recycled water as a result of the company’s new wastewater treatment plant, which puts production wastewater through a series of steps beginning with equalisation, followed by aeration and concluding with sedimentation. The water travels through filtration and ultrafiltration systems before being subjected to an activated carbon system and finally a reverse osmosis system to reduce any dissolved salts.

AGI now recycles 4.4 million gallons of water each month – enough to wash a million pairs of jeans.

Sustainable
Monforts has a leading position in the field of denim finishing with its well proven Thermex continuous dyeing systems, Montex stenter dryers and other lines for resource-efficient and economical processing.

“Our denim partners are constantly setting themselves new goals in respect of sustainable production – and more importantly, achieving them,” says Hans Wroblowski, Monforts Head of Denim. “We work closely with them with the aim of constantly optimising processing parameters and achieving further savings in energy, water and raw materials throughout the dyeing and finishing stages of production.”

The latest Monforts innovation for denim is the CYD yarn dyeing system. This technology is based on the effective and established dyeing process for denim fabrics that is now being applied for yarn dyeing. The CYD system integrates new functions and processes into the weaving preparation processes to increase quality, flexibility, economic viability and productivity. A full CYD line is now available for trials at the company’s Advanced Technology Centre in Mönchengladbach, Germany.”

09.03.2021

Rieter Financial Year 2020

Financial Year 2020

As a consequence of the COVID-19 pandemic, Rieter closed the 2020 financial year with sales of CHF 573.0 million, which corresponds to a decrease of 25% compared to the previous year (2019: CHF 760.0 million). Due to the low sales volume, a loss of CHF 84.4 million was recorded at the EBIT level while at the net profit level the loss was CHF 89.8 million. In view of the loss in the 2020 financial year, the Board of Directors proposes that shareholders waive the payment of a dividend for 2020.

Order intake of CHF 640.2 million in the 2020 financial year was 31% down on the previous year (2019: CHF 926.1 million). Following the significant slump in demand in the second quarter of 2020 (CHF 45.7 million), order intake recovered in the third quarter (CHF 174.4 million) and improved further in the fourth quarter (CHF 215.1 million).

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

Financial Year 2020

As a consequence of the COVID-19 pandemic, Rieter closed the 2020 financial year with sales of CHF 573.0 million, which corresponds to a decrease of 25% compared to the previous year (2019: CHF 760.0 million). Due to the low sales volume, a loss of CHF 84.4 million was recorded at the EBIT level while at the net profit level the loss was CHF 89.8 million. In view of the loss in the 2020 financial year, the Board of Directors proposes that shareholders waive the payment of a dividend for 2020.

Order intake of CHF 640.2 million in the 2020 financial year was 31% down on the previous year (2019: CHF 926.1 million). Following the significant slump in demand in the second quarter of 2020 (CHF 45.7 million), order intake recovered in the third quarter (CHF 174.4 million) and improved further in the fourth quarter (CHF 215.1 million).

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

Business Groups
Sales of the Business Group Machines & Systems amounted to CHF 295.8 million in 2020, which corresponds to a decrease of 24% compared to the previous year. Due to the low volume and taking into account the expenditure on the ongoing innovation program, the business group recorded a loss of CHF 72.4 million at the EBIT level. Order intake in the reporting year was CHF 363.9 million (-35% compared to the previous year).

The Business Group Components with sales of CHF 174.3 million (-24% compared to the previous year) achieved a profit of CHF 1.4 million at the EBIT level before restructuring charges. EBIT after restructuring charges was CHF -5.5 million. The order intake with CHF 169.1 million (-24% compared to the previous year) was just below sales.

The Business Group After Sales achieved sales of CHF 102.9 million (-27% compared to the previous year) and a positive EBIT of CHF 1.8 million. Order intake was CHF 107.2 million (-24% compared to the previous year). Over 60% of spinning mills were shut down in the second quarter of 2020, with a corresponding impact on the demand for spare parts.

Dividend
Due to the loss of CHF 89.8 million at the net profit level in the 2020 financial year, the Board of Directors proposes that shareholders waive the distribution of a dividend.

Outlook
Rieter expects the market recovery that began in the second half of 2020 to continue in 2021. The company expects an order intake in the first half of 2021 exceeding that of the previous half year (second half of 2020: CHF 389.5 million). Thanks to the improved capacity utilization, Rieter is planning short-time working in only a few areas in the first half of 2021. Nonetheless, as already announced, Rieter still anticipates that sales in the first half of 2021 will be below the break-even point. In connection with the high order backlog at the beginning of 2021, Rieter expects an operating profit for the full year 2021.

Source:

Rieter Management AG

03.03.2021

2020 financial year: operating profit thanks to profitable second half-year

2020 financial year: operating profit thanks to profitable second half-year Due to the pandemic-related decline in global vehicle production, Autoneum's revenue in local currencies decreased by –18.7% in 2020. Thanks to a global cost reduction program and improvements from the turnaround program in North America, Autoneum achieved an EBIT margin of 1.6%. Furthermore, the significantly increased free cash flow of CHF 112.5 million enabled a substantial reduction in net debt (excluding lease liabilities) of CHF –63.3 million.

2020 financial year: operating profit thanks to profitable second half-year Due to the pandemic-related decline in global vehicle production, Autoneum's revenue in local currencies decreased by –18.7% in 2020. Thanks to a global cost reduction program and improvements from the turnaround program in North America, Autoneum achieved an EBIT margin of 1.6%. Furthermore, the significantly increased free cash flow of CHF 112.5 million enabled a substantial reduction in net debt (excluding lease liabilities) of CHF –63.3 million.

2020 was marked by the coronavirus pandemic and its massive impact on the global economy. Worldwide lockdowns and production stoppages at vehicle manufacturers had drastic consequences for the entire automobile industry and Autoneum in the first half of the year. Although the market recovered in the second half-year, the number of vehicles produced for the year as a whole remained well below the level of the previous year. Thanks to prompt adjustment of the cost structure to the reduced market volume and improvements achieved during the turnaround in North America, Autoneum nevertheless managed to generate an operating profit in 2020 in an extremely difficult and volatile market environment.

Please find more details in attached PDF file.

More information:
Autoneum Geschäftsjahr 2020
Source:

Autoneum Management AG

The Montex®Coat ticks all the right boxes for coating success in 2021 (c) Monforts
A recent Montex®Coat installation at a European mill.
24.02.2021

The Montex®Coat ticks all the right boxes for coating success in 2021

Flexibility, product uniformity and automation are the keys to success for coating businesses in today’s rapidly-changing technical textiles industry, explained Jürgen Hanel, Monforts Head of Technical Textiles, at the recent 1st World Congress on Textile Coating.

Introducing the latest Montex®Coat magnetic roller coating option to virtual delegates from around the world at the conference organised by International Newsletters, Hanel explained why this technology makes perfect sense now

“The magnetic roller system allows a wide range of coatings and finishes to be carried out, while being easy to handle for operators and much easier to clean at the end of the process,” he said. “It provides textile finishers with an expanded range of options due to the fully-adjustable positioning of the magnet within the roller and with four different magnet positions possible, can be set to operate both as a direct coating system and as an indirect coater.”

Flexibility, product uniformity and automation are the keys to success for coating businesses in today’s rapidly-changing technical textiles industry, explained Jürgen Hanel, Monforts Head of Technical Textiles, at the recent 1st World Congress on Textile Coating.

Introducing the latest Montex®Coat magnetic roller coating option to virtual delegates from around the world at the conference organised by International Newsletters, Hanel explained why this technology makes perfect sense now

“The magnetic roller system allows a wide range of coatings and finishes to be carried out, while being easy to handle for operators and much easier to clean at the end of the process,” he said. “It provides textile finishers with an expanded range of options due to the fully-adjustable positioning of the magnet within the roller and with four different magnet positions possible, can be set to operate both as a direct coating system and as an indirect coater.”

With traditional dip coating systems, he added, as well as with many standard knife coating technologies, there is always a difference in the tension between the centre and the edges of the wide width fabrics being treated – and hence the amount of pressure with which the coating is applied. With the use of a magnetic roller, equal pressure is applied across the full width of the fabric, with consistent results even at wide widths of over 2.4 metres. In addition, adjusting the roller surface, rather than changing the coating formulation to match the required add-on and viscosity for each coating effect required, leads to much higher output from the line.

Cleaner and less wasteful
The contribution of such flexible and resource-saving new technologies to a cleaner and less wasteful textile industry was a key theme at the congress – held virtually across the four afternoons of February 11th, 12th, 18th and 19th – as was digitalization and the many advantages it is providing.

“A typical integrated Monforts coating line is automated from the inlet feed to the winder,” Hanel told delegates. “Adjustments can also be made simply and easily from the touchscreen and with the new hand-held remote controller which has recently been introduced for the Montex®Coat unit.”

Manual adjustment, he added, is time consuming and needs the attention of an experienced operator or the reproducibility will not be accurate between coating operations. The adjustment by motors allows each coating to be stored and downloaded again for 100% reproducibility.

The motors can be fully controlled from the touchscreen and all necessary adjustments carried out remotely, making switching from one process to another extremely quick and easy.
The accuracy that is now being demanded by today’s most exacting customers is met with an optional carbon fibre roller – especially in dealing with the winding tension required in the processing of materials such as prepregs for composites and other heavyweight fabrics. Typical applications for the Montex®Coat include the finishing of tents and awnings, black-out roller blinds and sail cloth, automotive interior fabrics and medical disposables. Full PVC coatings, pigment dyeing or minimal application surface and low penetration treatments can all be accommodated.

“The World Congress on Textile Coating was characterised by some very stimulating presentations and forums between the speakers and a global audience of textile specialists,” Jürgen Hanel concluded. “It truly reflected the high level of positive changes now taking place in not just textile coating, but the entire textile industry. I look forward to the next edition, which hopefully will be a face-to-face event for even deeper level discussions and debate.”

MaruHachi/AMAC: High-temperature thermoplastic tapes and laminates (c) MaruHachi
16.02.2021

MaruHachi/AMAC: High-temperature thermoplastic tapes and laminates

With their recently installed high-temperature unidirectional tape line, Japan-based composites manufacturer MaruHachi enables new opportunities for high-end applications in demanding market segments like aerospace, automotive or others outperforming traditional materials based on PP and PA which are already widely available.

In the first phase, MaruHachi will produce up to 40 tons/year and focuses now specifically on high-temperature thermoplastic uni-directional (UD) tapes and multi-layer sheet laminates. The material is based on high-performance fibers like carbon, aramid, glass or natural fibers and the matrix can be high-performance polymers like PPS, PEEK or other higher temperature polymers, which are much tougher than epoxies and easy to recycle. With a width of 500 mm, a specific weight from 60 to 350 g/m2, depending on the chosen material, the lines can operate under temperatures up to 420 degrees Celsius. Working under these extremely high temperatures allows for better material properties of the final application, higher performance, increased resistance and integrated high-performance functionalities e.g. by overmoulding.

With their recently installed high-temperature unidirectional tape line, Japan-based composites manufacturer MaruHachi enables new opportunities for high-end applications in demanding market segments like aerospace, automotive or others outperforming traditional materials based on PP and PA which are already widely available.

In the first phase, MaruHachi will produce up to 40 tons/year and focuses now specifically on high-temperature thermoplastic uni-directional (UD) tapes and multi-layer sheet laminates. The material is based on high-performance fibers like carbon, aramid, glass or natural fibers and the matrix can be high-performance polymers like PPS, PEEK or other higher temperature polymers, which are much tougher than epoxies and easy to recycle. With a width of 500 mm, a specific weight from 60 to 350 g/m2, depending on the chosen material, the lines can operate under temperatures up to 420 degrees Celsius. Working under these extremely high temperatures allows for better material properties of the final application, higher performance, increased resistance and integrated high-performance functionalities e.g. by overmoulding.

Since 2017, MaruHachi Group is active in the European market in cooperation with Dr. Michael Effing,the CEO of AMAC GmbH, who advises and supports the company strategically. The established, family-owned MaruHachi Group has a strong history in automotive and medical textiles and has been active in the innovative composites market for more than 15 years.

Toshi Sugahara, CEO of MaruHachi: “For many years, we have already been cooperating with domestic and international partners on high-demand applications and therefore, MaruHachi decided now to invest over 1 million EUR in this new line in phase 1, including a funding participation from the Japanese government NEDO. New developments in phase 2 will be be undertaken by end of 2021 on the downstream technologies like the automated preforming and consolidation. With our new products, we want to contribute to significant weight reductions of the final products, thus improve energy efficiency while offering a cost-efficient and high-quality solution.”

Dr. Effing, CEO of AMAC GmbH confirms: „The focus on the niche of high-temperature products based on PPS and PEEK allows MaruHachi on very demanding high-end applications such as structural frames on space and aircrafts, aircraft seats or engine components etc. The tapes are fully recyclable and can be processed e.g. with high-speed with laser-based tape placement machines and robots.”

Source:

AMAC GmbH

11.02.2021

Dow introduces durable water repellent finishing for more sustainable textiles

Dow introduces DOWSIL™ IE-8749 Emulsion, a new generation of durable water repellent finishes for fabrics based on silicone chemistry.

Studies conducted on a variety of textiles substrates based on DOWSIL™ IE-8749 Emulsion treatment demonstrate improved fabric retention compared to standard silicone finishes – thereby providing continued water repellency after multiple washes. Unlike many conventional finishes, DOWSIL™ IE-8749 Emulsion finish does not need to be regularly heat treated to restore the water repellency performance, which is a key advantage for the durability of the final product.

By incorporating a DOWSIL™ IE-8749 Emulsion treatment into their finishing processes, textile finishers receive greater control over the hand feel of the fabric - an important parameter driving consumer choices today. Depending on specific need, this can range, from a very soft hand feel that is characteristic of silicone when used alone, to a firmer hand with the addition of cross linkers.

The technology powering DOWSIL™ IE-8749 Emulsion was developed through a collaboration between Dow and Nicca Chemical.

Dow introduces DOWSIL™ IE-8749 Emulsion, a new generation of durable water repellent finishes for fabrics based on silicone chemistry.

Studies conducted on a variety of textiles substrates based on DOWSIL™ IE-8749 Emulsion treatment demonstrate improved fabric retention compared to standard silicone finishes – thereby providing continued water repellency after multiple washes. Unlike many conventional finishes, DOWSIL™ IE-8749 Emulsion finish does not need to be regularly heat treated to restore the water repellency performance, which is a key advantage for the durability of the final product.

By incorporating a DOWSIL™ IE-8749 Emulsion treatment into their finishing processes, textile finishers receive greater control over the hand feel of the fabric - an important parameter driving consumer choices today. Depending on specific need, this can range, from a very soft hand feel that is characteristic of silicone when used alone, to a firmer hand with the addition of cross linkers.

The technology powering DOWSIL™ IE-8749 Emulsion was developed through a collaboration between Dow and Nicca Chemical.

08.02.2021

MoU: Lectra to acquire Gerber Technology

Lectra announces its plan to acquire the entire capital and voting rights of US-based Gerber Technology. A key Industry 4.0 player in the fashion, automotive and furniture industries, Lectra designs smart industrial solutions – software, equipment, data and services – that help brands, manufacturers and retailers develop, produce and market their products.

The acquisition, if and when consummated, would allow Lectra to complement its market position and continue to enhance its offerings based on Industry 4.0 technology that will enable its customers to boost the productivity and profitability of their operations. After the French work council of Lectra is consulted and the binding documentation is signed, completion of the acquisition shall remain subject to merger control clearance and other customary conditions and shall be submitted to Lectra shareholders for approval.

Lectra announces its plan to acquire the entire capital and voting rights of US-based Gerber Technology. A key Industry 4.0 player in the fashion, automotive and furniture industries, Lectra designs smart industrial solutions – software, equipment, data and services – that help brands, manufacturers and retailers develop, produce and market their products.

The acquisition, if and when consummated, would allow Lectra to complement its market position and continue to enhance its offerings based on Industry 4.0 technology that will enable its customers to boost the productivity and profitability of their operations. After the French work council of Lectra is consulted and the binding documentation is signed, completion of the acquisition shall remain subject to merger control clearance and other customary conditions and shall be submitted to Lectra shareholders for approval.

The proposed combination would occur at an opportune time for both companies and their customers. The current uncertain economic climate and unprecedented challenges that fashion, automotive and furniture companies are facing due to the COVID-19 pandemic make it more important than ever for them to transform, digitalize and optimize their operations.

For over 50 years, Gerber Technology has used its proprietary technologies and deep domain expertise to provide integrated software and automated hardware solutions to companies around the world, including over 100 Fortune 500 companies in 134 countries.

The strategic combination of Gerber Technology and Lectra will create a premier advanced technology partner, able to quickly meet changing customer needs and deliver even more value through seamlessly integrated solutions. Together, the two companies will have a large installed base of product development software and automated cutting solutions in operation, with a worldwide presence and a long list of prestigious customers.

Consolidating the two companies’ research and development capabilities will enable the combined company to accelerate development of Industry 4.0 technologies and help its expanded customer base seize the full potential of these innovations.
Integrating the technology of the two companies will endow them with the resources to anticipate and address rapidly changing market conditions.

Key transaction terms

Under the proposed acquisition, Lectra would acquire all outstanding shares of Gerber Technology on a cash-free debt-free basis for an upfront payment of 175 million euros – through a combination of cash and debt – plus 5 million newly issued Lectra shares to AIPCF VI LG Funding, LP (“AIPCF VI LG”), an affiliate of American Industrial Partners that is Gerber Technology’s sole shareholder. This would represent a total amount of about 300 million euros based on Lectra’s closing share price on February 5, 2021. No contingent consideration is contemplated.

Gerber Technology’s revenues was 165 million euros in 2020.

Thanks to the strong value creation deriving from significant synergies, Lectra expects the transaction to be accretive for shareholders from 2022.

Upon closing, Daniel Harari would own c. 14.6% of the Lectra shares and AIPCF VI LG would own c. 13.3%.

Lectra’s Board of Directors would welcome a director representing AIPCF VI LG.

Daniel Harari would continue to be the Chairman and Chief Executive Officer of Lectra. Gerber Technology Chief Executive Officer, Mohit Uberoi, would assume special advisor to Daniel Harari role until end-2021.

Lectra’s shareholders would be invited to vote on the issuance of the 5 million new Lectra shares reserved to AIPCF VI LG at a dedicated Extraordinary Shareholders’ Meeting which is currently expected to be held on April 30, 2021. A report containing additional information will be made available to the shareholders prior to the Extraordinary Shareholders’ Meeting.

Lazard is acting as exclusive financial advisor to Lectra, and Latham & Watkins as legal counsel to Lectra.

Goldman Sachs is acting as exclusive financial advisor to AIPCF VI LG, and Ropes & Gray LLP, Baker Botts LLP and Gide Loyrette Nouel A.A.R.P.I. as legal counsel to AIPCF VI LG.

2020 results, update on the 2020-2022 strategic roadmap and guidance for the coming years will be disclosed on February 10, 2021.

Lectra management will discuss the transaction, provide forward-looking guidance for the combined company upon closing of the transaction and answer questions from the financial community during the February 11, 2021 webcast Analyst Conference meeting in French starting at 8:30 am (CET - Paris).

 

Source:

Lectra - Headquarters

Archroma and CleanKore join forces to promote sustainable, cost-effective indigo dyeing process (c) CleanKore
Below limits of detection according to industry standard test methods
02.02.2021

Archroma and Cleankore join forces to promote sustainable, cost-effective indigo dyeing process

Reinach, Switzerland, and Westlake, Ohio, 2 February 2021 - Archroma, a global leader in specialty chemicals towards sustainable solutions, today announced a strategic partnership with technology innovator CleanKore, aiming to advance sustainable dyeing processes throughout the denim supply chain.

The agreement will allow Archroma and CleanKore to promote the benefits of each other’s technologies. This includes Archroma’s robust catalog of dyes and specialty chemicals along with CleanKore’s patented process of dyeing yarns at the denim mill that completely eliminates the need for potassium permanganate (PP) spray and laser booster to achieve the bright white abrasion effect in the garment finishing process. The result is a large and circular bright white core with a small ring of indigo dye. The technology does not just eliminate the chemicals associated in the PP spray and laser process, which is much safer for denim workers, it also allows to save significant amounts of water and energy throughout the manufacturing process from fabric to garmenting.

Reinach, Switzerland, and Westlake, Ohio, 2 February 2021 - Archroma, a global leader in specialty chemicals towards sustainable solutions, today announced a strategic partnership with technology innovator CleanKore, aiming to advance sustainable dyeing processes throughout the denim supply chain.

The agreement will allow Archroma and CleanKore to promote the benefits of each other’s technologies. This includes Archroma’s robust catalog of dyes and specialty chemicals along with CleanKore’s patented process of dyeing yarns at the denim mill that completely eliminates the need for potassium permanganate (PP) spray and laser booster to achieve the bright white abrasion effect in the garment finishing process. The result is a large and circular bright white core with a small ring of indigo dye. The technology does not just eliminate the chemicals associated in the PP spray and laser process, which is much safer for denim workers, it also allows to save significant amounts of water and energy throughout the manufacturing process from fabric to garmenting.

CleanKore initially looked at eliminating potassium permanganate due to its being classified as hazardous if inhaled or ingested, or in case of contact with the skin or the eye. It is also considered very toxic to aquatic life. No new equipment or capital expenses are needed to implement the CleanKore technology, which works on all denim fabric, including dark indigo, sulfur top/bottom and sulfur black.

This is where Archroma comes into the picture. Its global technical team of denim coloration specialists will provide support to denim mills seeking to implement the CleanKore technology and develop the desired looks and effects - with the right colors and chemical systems for their production set-up.

CleanKore estimates that the technology allows to save up to 15 liters of water per garment, or the equivalent to the drinking needs of 5 people per day, and up to 0.51 kWh of energy per garment, or the equivalent of five 100-watt light bulbs on for 1 hour. The CleanKore technology also leads to a 10% to 20% increase in production throughput, as a result of a faster garment wash-down and the elimination of PP spray.

For CleanKore CEO Darryl Costin Jr., the announcement comes at an ideal time for CleanKore: "We have successfully proven the technology with mill partners such as Arvind and other denim mills in Pakistan, Bangladesh, China, Vietnam, Thailand and the United States. The response from the industry has been overwhelmingly positive. Having a partner in Archroma, one that is highly respected for their innovation and emphasis on sustainability throughout the industry, will allow us to take CleanKore to the next level.”

Umberto Devita, Global Indigo Manager at the Archroma Global Competence Center for Denim & Casualwear, adds: "CleanKore is perfectly aligned with the 3 pillars of 'The Archroma Way to a Sustainable World: Safe, efficient, enhanced'. 'Safe' through the elimination of a potentially harmful substance and the protection of the denim workers, 'Efficient' through the reduction of resource consumption, improved productivity and cost-effective profile. And 'Enhanced' through the gorgeous colors and effects allowed with Archroma's innovations and systems, in particular our aniline-free* Denisol® Pure Indigo and Diresul® sulfur dyes. We look forward to help promoting an innovation that will help with many of the challenges facing our denim customers throughout the world. Because it’s our nature."

Source:

Archroma

27.01.2021

Rieter: First Information on the Financial Year 2020

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.

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.

Source:

Rieter Management AG

21.01.2021

Autoneum: Revenue development and personnel changes

Reflecting the pandemic-related drop in worldwide vehicle production, Autoneum’s revenue in local currencies fell by –18.7% in 2020, although the second half of the year saw a significant market recovery. Group revenue in Swiss francs fell by –24.2% year-on-year to CHF 1 740.6 million. For the full year 2020, the EBIT margin will be around 1.5% and the free cash flow slightly over CHF 100 million.
At the Annual General Meeting on March 25, 2021, the Board of Directors will propose Liane Hirner and Oliver Streuli for election to the Board of Directors of Autoneum Holding. Peter Spuhler will not stand for re-election.

Reflecting the pandemic-related drop in worldwide vehicle production, Autoneum’s revenue in local currencies fell by –18.7% in 2020, although the second half of the year saw a significant market recovery. Group revenue in Swiss francs fell by –24.2% year-on-year to CHF 1 740.6 million. For the full year 2020, the EBIT margin will be around 1.5% and the free cash flow slightly over CHF 100 million.
At the Annual General Meeting on March 25, 2021, the Board of Directors will propose Liane Hirner and Oliver Streuli for election to the Board of Directors of Autoneum Holding. Peter Spuhler will not stand for re-election.

At 74.5 million, the number of light vehicles produced globally in 2020 was down –16.2% compared to the previous year, where around 89 million vehicles were manufactured. Autoneum’s revenue in local currencies decreased by –18.7% in 2020, pretty much in line with the negative market dynamics. The somewhat stronger decline of revenue compared to the market results from a lower share of Asia in Autoneum's total revenue. Impacted by the appreciation of the Swiss franc against the most important currencies for Autoneum, the consolidated revenue dropped in 2020 by –24.2% to CHF 1 740.6 million. The heterogeneous development of the first and second half of the year was characteristic for the pandemic-driven automotive year 2020. Worldwide lockdowns and production stoppages at vehicle manufacturers led to a market slump in the first six months and a corresponding loss in revenue for Autoneum. Thanks to the subsequent market recovery and catch-up effects in the second half of the year, revenue improved considerably compared to the first half of the year.

Revenue development in Asia and SAMEA region significantly better than market
While revenues in local currencies of the highest-volume Business Groups Europe and North America decreased by –25.6% and –19.3% respectively, reflecting the regional, pandemic-driven market development (Europe: –22.9%; North America: –20.1%), Business Group Asia almost held its prior-year level with an organic decline of only –2.1% in 2020 thanks to the strong upturn in automobile production in China in the second half of the year and despite the fact that the number of vehicles produced in Asia fell by –11.4%.*

Personnel changes to the Board of Directors
At the Annual General Meeting on March 25, 2021, the Board of Directors of Autoneum Holding will propose Liane Hirner and Oliver Streuli for election as new members of the Board of Directors.
Liane Hirner has been CFO and member of the Management Board of Vienna Insurance Group, based in Vienna, Austria, since 2018.*

Oliver Streuli, a Swiss national, has been CEO of PCS Holding, based in Frauenfeld (Canton Thurgau), Switzerland, since 2019.*

Peter Spuhler has been a member of the Board of Directors of Autoneum since 2011 and will not stand for re-election at the Annual General Meeting on March 25, 2021.*

 

*See attached document for further informationen

Source:

Autoneum Management AG

19.01.2021

Tata Communications today announces its financial results for the quarter ended December 31st, 2020

  • Tata Communications continues to drive growth and profitability Delivers PAT of INR 309 Crore for Q3, up 428% YoY
  • Data services revenue grew by +3.8% YoY | Consolidated EBITDA at INR 1,046 Crore, increase of +37.5% YoY with margin expansion of 680 Bps

Consolidated financial highlights

•    Consolidated revenue was at INR 4,223 crore (USD 572 Mn); flat YoY, growth in data business compensated for decrease in Voice business
•    Consolidated EBITDA at INR 1,046 crore (USD 142 Mn); increase of +37.5% YoY on the back of robust growth and margin expansion in data business and cost optimisation initiatives
•    Consolidated PAT at INR 309 crore (USD 42 Mn) as compared to a profit of INR 59 crore in Q3 FY20, growth of +428% YoY, on the back of strong growth in profitability
•    Net Debt has come down on the back of strong free cash flow generation; Net Debt to EBITDA at 1.9x as compared to 2.9x for same quarter last year
•    CAPEX for this quarter was INR 339 crore as compared to INR 490 crore in Q3 FY20


Please find attached the detailed financial results Q2 FY21.

  • Tata Communications continues to drive growth and profitability Delivers PAT of INR 309 Crore for Q3, up 428% YoY
  • Data services revenue grew by +3.8% YoY | Consolidated EBITDA at INR 1,046 Crore, increase of +37.5% YoY with margin expansion of 680 Bps

Consolidated financial highlights

•    Consolidated revenue was at INR 4,223 crore (USD 572 Mn); flat YoY, growth in data business compensated for decrease in Voice business
•    Consolidated EBITDA at INR 1,046 crore (USD 142 Mn); increase of +37.5% YoY on the back of robust growth and margin expansion in data business and cost optimisation initiatives
•    Consolidated PAT at INR 309 crore (USD 42 Mn) as compared to a profit of INR 59 crore in Q3 FY20, growth of +428% YoY, on the back of strong growth in profitability
•    Net Debt has come down on the back of strong free cash flow generation; Net Debt to EBITDA at 1.9x as compared to 2.9x for same quarter last year
•    CAPEX for this quarter was INR 339 crore as compared to INR 490 crore in Q3 FY20


Please find attached the detailed financial results Q2 FY21.

More information:
Tata Communications
Source:

Harvard Engage! Communications

Video Material Stories are presented by the PERFORMANCE DAYS Exhibitors (c) PERFORMANCE DAYS
Midlayers of the Season
13.01.2021

Video Material Stories are presented by the PERFORMANCE DAYS Exhibitors

Video Material Stories focus on the highlight products of the PERFORMANCE FORUM which were rewarded with a 100% Jury Like and include detailed explanations by the exhibitors. You can watch the videos here, check out the details, ask any question to the exhibitors and request samples!

  • Lightweight, Downproof & Insulation Trends of the Season

The selected insulations are all produced ecologically responsibly, at the same time they are lightweight, breathable and insulate well. The lightweight and downproof fabrics of winter 22/23 are ultra-light, breathable and heat-insulating. It is astonishing that lightweights can now be processed from Econyl and other recycled fibres without losing any of their lightness. Almost all fibres – from nylon, Econyl, polyamide to polyester – are over 90 per cent recycled, and often dyed with vegetable variants or dyed in a dope dyed process.

Video Material Stories focus on the highlight products of the PERFORMANCE FORUM which were rewarded with a 100% Jury Like and include detailed explanations by the exhibitors. You can watch the videos here, check out the details, ask any question to the exhibitors and request samples!

  • Lightweight, Downproof & Insulation Trends of the Season

The selected insulations are all produced ecologically responsibly, at the same time they are lightweight, breathable and insulate well. The lightweight and downproof fabrics of winter 22/23 are ultra-light, breathable and heat-insulating. It is astonishing that lightweights can now be processed from Econyl and other recycled fibres without losing any of their lightness. Almost all fibres – from nylon, Econyl, polyamide to polyester – are over 90 per cent recycled, and often dyed with vegetable variants or dyed in a dope dyed process.

  • Softshells & Outer Midlayers of the Season

Warming, windproof and water-repellent jackets worn outdoors as an outer layer during sports or leisure activities typify the Softshell/Outer Midlayer category. Polyamide and polyester fibres remain dominant in winter 22/23. But anyone on the lookout for natural fibres will find various blends of organic cotton, Tencel or wool.

  • Midlayers of the Season

Midlayers are primarily intended to provide warmth when layering garments. The focus is on newer constructions to generate heat, yet at the same time, manufacturers are attempting to reduce or completely avoid the use of micro-plastics in the development process.

Global Success of Technical Textiles will be Reflected in HIGHTEX 2021 (c) HIGHTEX 2021
International Technical Textiles and Nonwoven Fair
28.12.2020

Global Success of Technical Textiles will be Reflected in HIGHTEX 2021

  • The nonwoven and technical textiles industry has become the focus of the whole world during the pandemic process.
  • Most countries carried out works for these sectors with their investments, production and innovations.

During the pandemic process, a new one is added every day to the works for the nonwoven and technical textiles sector, whose importance is increasing in line with the needs. Turkey has become a center of  technical textiles by showing that its accumulation in these field and power.

In the Turkish technical textiles sector, which has an export market of 107 billion dollars worldwide and continues to break its own export record every month, R&D and innovation investments continue without slowing down. Technical textile exports, which increased by 77 percent in last November compared to the same month of the previous year, increased by 55 percent in January - November period and reached 2.5 billion dollars. Thus, technical and smart textiles and production technologies both attracted more attention and gained more importance in line with the needs of the pandemic process.

  • The nonwoven and technical textiles industry has become the focus of the whole world during the pandemic process.
  • Most countries carried out works for these sectors with their investments, production and innovations.

During the pandemic process, a new one is added every day to the works for the nonwoven and technical textiles sector, whose importance is increasing in line with the needs. Turkey has become a center of  technical textiles by showing that its accumulation in these field and power.

In the Turkish technical textiles sector, which has an export market of 107 billion dollars worldwide and continues to break its own export record every month, R&D and innovation investments continue without slowing down. Technical textile exports, which increased by 77 percent in last November compared to the same month of the previous year, increased by 55 percent in January - November period and reached 2.5 billion dollars. Thus, technical and smart textiles and production technologies both attracted more attention and gained more importance in line with the needs of the pandemic process.

HIGHTEX 2021 International Technical Textiles and Nonwoven Fair, which will be held at Tüyap Fair and Congress Center on 22-26 June 2021, will be the exhibition where the latest technologies and products for nonwoven, technical and smart textiles which have become more important during the pandemic period and have become the focus of the whole world. Especially the products and technologies produced for the pandemic will attract more attention at the exhibition. HIGHTEX 2021 Exhibition, which will gather its exhibitors and visitors under one roof, will also allow new collaborations. At the same time, the exhibition, where developing technologies and products are exhibited, will provide a great advantage in terms of the formation of new business ideas.
HIGHTEX 2021, the first and only exhibition in Turkey in its field are expected to sign a new record in terms of number of exhibitors and visitors. You can visit www.hightexfairs.com website for more information about HIGHTEX 2021, which is preparing to attract more attention and host people than ever before.

Turkish textile manufacturers wait for ITM 2021 Exhibition (c) ITM
10.12.2020

Turkish textile manufacturers wait for ITM 2021 Exhibition to expand their investments

The Turkish textile industry, which continues its exports and investments without slowing down despite the devastating pandemic, once again proved its strength, especially in this period. ITM 2021 Exhibition, which will be held in Istanbul between 22 and 26 June 2021, will provide a great advantage to companies that desire to expand their investments and introduce their brand new technologies.

The Turkish textile industry, which continues its exports and investments without slowing down despite the devastating pandemic, once again proved its strength, especially in this period. ITM 2021 Exhibition, which will be held in Istanbul between 22 and 26 June 2021, will provide a great advantage to companies that desire to expand their investments and introduce their brand new technologies.

Although there were slowdowns in the textile industry in April and May this year due to the troublesome coronavirus pandemic , the Turkish textile industry succeeded a big breakthrough with the removal of restrictions in June, thanks to both its textile production infrastructure and international exports capacity. The exports of the textile and raw materials sector increased and the companies turned to new investments. While many local companies enlarged their facilities, some of them made new investment decisions. For example, while a giant hygienic and medical fabric production facility was invested in Çorlu, another Turkish company, a global brand in textile machinery production, decided to invest 40 million Turkish Lira. Gaziantep-based spunbond and meltblown nonwoven manufacturer company added two new meltblown lines to its operations. Another company also began to invest in the production of raw materials that they import. This investment activity in Turkey, where is a manufacturing base of European customers whet the appetite of international investors. One of South Korea's largest conglomerates has rolled up its sleeves for an investment of 430 million US Dollars in Çerkezköy. Due to the investments, the purchase of textile machinery increased by 37.1 percent in the first nine months of 2020 amounting to over 1 billion US Dollars.

The Accurate Address for Investment Decisions: ITM 2021 Exhibition
Although the companies took advantage of the pandemic period as an opportunity and continued their investments, many of them are waiting for the ITM 2021 Exhibition for large machinery purchases. ITM 2021 Exhibition, which will be held between 22 and 26 June 2021 at Istanbul Tüyap Fair and Congress Center, will gather thousands of participating companies and visitors under one roof. The company officials, who will have the opportunity to observe the latest technological products to be exhibited by the international and domestic exhibitors, will direct their investments by meeting with the experts of the sector. The machines produced for technical textiles, which became even more important during the devastating pandemic period, will attract the attention of visitors. Thanks to the machinery purchases and business partnerships of both domestic and international companies, there will be great dynamism in the textile industry and the national economy.

Source:

ITM

ROICA™: a real smart stretch sustainable wardrobe (c) ROICA
Luxury brand Viktor&Rolf collection of loungewear and underwearin collaboration with CALIDA, made with ROICA™ V550
07.12.2020

ROICA™: a real smart stretch sustainable wardrobe

  • ROICA™ by Asahi Kasei is stretching innovation boundaries
  • The cutting-edge stretch fibre shows the way for a responsible wardrobe starting with the choice of a  smart  ingredient

The acceleration towards an increasingly smart and sustainable world is happening and it is real. Consumers are increasingly looking for something that corresponds to their responsible values and they are driven by a conscious choice. ROICA™ by Asahi Kasei is the premium stretch ingredient that identifies itself as the answer to the needs of the current consumers: innovative, responsible and at the same time contemporary.

The premium stretch fiber has always been characterized by a strong innovation DNA and it started delivering new and sustainable values and performances since July 2017.

ROICA Eco-Smart™ is a family of innovative stretch yarns that lately has been confirmed to be the most glamorous and responsible one. It includes:

  • ROICA™ by Asahi Kasei is stretching innovation boundaries
  • The cutting-edge stretch fibre shows the way for a responsible wardrobe starting with the choice of a  smart  ingredient

The acceleration towards an increasingly smart and sustainable world is happening and it is real. Consumers are increasingly looking for something that corresponds to their responsible values and they are driven by a conscious choice. ROICA™ by Asahi Kasei is the premium stretch ingredient that identifies itself as the answer to the needs of the current consumers: innovative, responsible and at the same time contemporary.

The premium stretch fiber has always been characterized by a strong innovation DNA and it started delivering new and sustainable values and performances since July 2017.

ROICA Eco-Smart™ is a family of innovative stretch yarns that lately has been confirmed to be the most glamorous and responsible one. It includes:

•    The world first Global Recycled Standard –GRS- recycled stretch yarn ROICA™ EF that uses 58% pre-consumer recycled content.
•    A premium sustainable stretch yarn, ROICA™ V550,  that at the end of its life smartly breaks down without releasing harmful substances in the environment according to Hohenstein Environment Compatibility Certification and also boasting the Gold Level Material Health Certificate by Cradle-to-Cradle Product Innovation Institute** as it has been evaluated for impact on human and environmental health.

 

Source:

GB Network