From the Sector

• All motions approved
• Dividend of CHF 4.50 agreed
• COVID-19

In relation to participation in the Annual General Meeting on April 16, 2020, the Board of Directors of Rieter Holding Ltd. arranged exclusively written or electronic voting and the granting of power of attorney to the independent proxy. In taking this approach, the Board of Directors relied on Article 6a, lit. b of Ordinance 2 of the Swiss Federal Council (Measures to Combat the Coronavirus of March 16, 2020). Physical participation by the shareholders was therefore not possible. The Annual General Meeting was held on the premises of Rieter Holding Ltd. at the company’s headquarters in Winterthur.

At the Annual General Meeting of Rieter Holding Ltd. on April 16, 2020, the independent proxy represented a total of 2 025 shareholders who hold 64.3% of the share capital.

A dividend of CHF 4.50 per share was agreed. The shareholders approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for fiscal year 2021.

The Chairman of the Board, Bernhard Jucker, and the members of the Board of Directors This E. Schneider, Michael Pieper, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi and Luc Tack were confirmed for an additional one-year term of office.
Furthermore, This E. Schneider, Hans-Peter Schwald and Bernhard Jucker, the members of the Remuneration Committee who were standing for election, were also each re-elected for a one-year term of office.

Shareholders also adopted all other motions proposed by the Board of Directors, namely approval of the annual report, the financial statements and the consolidated financial statements for 2019, and formal approval of the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review. In addition, the authorized capital was extended for a further two years.

COVID-19
At present, it is not possible to predict how the global COVID-19 pandemic will affect Rieter’s sales and earnings in the first and second half of 2020, and thus also for 2020 as a whole.

Rieter therefore refrains from providing an outlook for financial year 2020 and will issue the relevant information as part of the semi-annual report on July 16, 2020.
The company has taken the necessary measures to protect employees and to meet commitments to customers as far as possible.

Thanks to long-standing customer relationships, a focus on innovation, global positioning and the company’s financial stability, Rieter will successfully overcome the challenges.

Tests conducted by independent laboratories have now confirmed that a treatment with Sanitized® T 99-19 and Sanitized® T 11-15 reduces the viral load on PES textiles by up to 99 %.

Swiss company SANITIZED AG celebrates validation from impartial labs that Sanitized®T 99-19 and Sanitized®T 11-15 are also effective against viruses (in accordance with ISO 18184:2019).
Tests were performed using a feline coronavirus with structures and mechanisms reminiscent of SARS-Cov2.

Patented technology featuring an ammonium silicate compound is employed in Sanitized®T 99-19 and Sanitized®T 11-15 utilizes tried and tested silver technology. These additives are the perfect tool for an antiviral and antibacterial treatment of face masks, protective professional medical clothing, bed linens, or mattresses.
The formulation of both products remains completely untouched, thus ensuring that it will continue to offer outstanding protection against bacteria.

Before a final product’s antiviral properties can be publicly promoted, viral tests must be performed in specialized laboratories. Compliance with local legal regulations is essential here. SANITIZED AG explicitly points out that this is standard procedure and has composed a preliminary Guide for Treating PPE

SANITIZED AG has been supporting the work of hygienists in hospitals, doctor’s offices, nursing and care facilities for many years with its antimicrobial - and now also antiviral - additives used to enhance the
functionality of textiles and polymers. The reduction of bacteria and viruses is a feasible way to help stem the spread of infections including MRSA.

Die Märzveranstaltung der CHIC Shanghai wird im Juli in Shenzhen stattfinden. Aufgrund der globalen Corona Epidemie konnte die Mode- und Lifestyle Messe CHIC Shanghai nicht wie geplant vom 11. bis 13. März 2020 in Shanghai veranstaltet werden.

Die weiter anhaltende weltweite epidemische Situation lässt nicht zu, dass Chinas Kontroll- und Präventionsmaßnahmen gelockert werden. Es ist aus logistischen Gründen nicht möglich, den Nachholtermin der Frühjahrsveranstaltung der CHIC März noch vor der Herbstveranstaltung der CHIC Shanghai im September in Shanghai stattfinden zu lassen.

Die ursprünglich geplante Veranstaltungsfläche für die Premiere der CHIC Shenzhen vom 15. bis 17. Juli 2020 wird um 10.000 Quadratmeter auf 40.000 Quadratmeter erweitert.Das Konzept, ein Ort - ein Datum - vier Shows, das sich in Shanghai seit Jahren bewährt hat, wird hier fortgesetzt.

Die "Greater Bay Textile & Apparel Expo" des China National Textile and Apparel Council wird insgesamt vier Trade Shows kombinieren:
China International Fashion Fair 2020 in Shenzhen (CHIC SHENZHEN), Intertextile SHENZHEN Apparel Fabrics, PH Value (Shenzhen) und Greater Bay Area International Trade Fair for Fibres and Yarns.

CHIC ist eng mit den Mode- und Textilindustrieclustern der Pearl River Delta-Region verbunden und bietet insbesondere Marktmöglichkeiten für die Regionen Guangdong - Hongkong - Macao - Greater Bay.

In den Hallen 9 und 11 des Shenzhen World Exhibition & Convention Centers sind alle Produktbereiche der CHIC geplant: CHIC Tailoring, Urban View (Menswear), New Look (Womenswear), Impulses (Designerbereich), CHIC Kidz, CHIC-Young Blood, CHIC Worldwide (internationale Beteiligungen) in Halle 9 und Denim World, Secret Stars (Accessoires), Bags & Shoes, Heritage (Leder, Pelz und Daunen), ODM in Halle 11.
CHIC SHOWS und CHIC TALK werden ebenfalls in Shenzhen präsentiert. Parallel bietet CHIC die Möglichkeit zur Teilnahme an der CHIC Online vom 22. bis 24. April 2020 an. Hierfür werden alle Ressourcen und Netzwerke der CHIC für ein Business-Matching der Teilnehmer genutzt.

Der Termin der Herbstveranstaltung der CHIC in Shanghai ist für den 23. bis 25. September 2020 geplant. Veranstalter sind die China National Garment Association, Sub-Council of Textile Industry CCPIT und China World Trade Center Co. Ltd.

Elevate Textiles, a global provider of advanced, high quality products and mission critical textile solutions is pleased to participate in the recently launched Gerber PPE Task Force. This industry-wide effort combines resources and expertise to support manufacturing operations and brands as they increase their production or transition their operations to produce personal protective equipment in the fight against COVID-19.
Elevate’s Burlington, American & Efird (A&E), and Gütermann brands provide critical barrier fabric and thread components used in the manufacturing of lifesaving PPE products including masks, isolation gowns and other medical garments.

"The only way to be successful during this difficult situation is to join forces and support one another," said Lenny Marano, VP of Product Management & Marketing for Automation Systems at Gerber Technology. "We are proud to have a global network of partners to support PPE production so that it's more widely available."

For over 40 years, Burlington has been in the Medical business manufacturing fabrics for use in operating theaters such as surgeon’s gowns, isolation gowns, sterilization wrapper packs, drapes, scrubs and lab coats. The Maxima® collection of fabrics is useful for reusable isolation and surgical gowns and meets AAMI standards for Levels 1-4 and FDA standards.

New tissue log saw allows operators to track critical component lifecycles

Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, has announced that the Xcut saw, its newest tissue log saw, now has the ability to use predictive maintenance to reduce unplanned downtime.

With this new capability, operators will be able to track the lifecycles of critical components and monitor the performance of others. The saw will provide notifications regarding upcoming maintenance requirements before they become critical issues, allowing operators to have replacement parts ready when the time comes.

The Xcut saw will monitor and collect information from servo motor feedback, vibration sensors and other devices, and alert operators when the machine needs maintenance. For example, if an axis becomes more difficult to turn or experiences abnormal vibrations, the predictive maintenance system will provide an alert that the gearbox may need to be replaced.

This multifaceted approach to predictive maintenance allows operators to tackle multiple maintenance tasks at the same time, which reduces downtime and gets the machine back into production more quickly.

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished products, issued a statement from NCTO President and CEO Kim Glas today in response to the administration’s plan to institute a 90-day deferral on MFN tariffs,  as reported by numerous press outlets.

The reported plan being pushed by the importing and retailing industries would defer certain tariffs, including those on finished apparel products. It is an ill-advised policy that will hurt the U.S. textile industry at the very time it is answering the call of the nation to produce medical supplies to battle the coronavirus pandemic. 

These unnecessary tariff concessions would benefit importers and retailers at the direct expense of manufacturers on the front lines of the COVID-19 response and send a demoralizing message.

Tariff deferrals would severely exacerbate ramifications for the U.S. economy, manufacturers and workers and open the floodgates for imports.

If the U.S. government makes tariff concessions during this crisis, it will be inviting a virtual tsunami of imports further devastating domestic manufacturing as it attempts to regain its footing.     

We urge the administration to abandon any moves to defer tariffs on finished products. It would only serve to allow importers to exploit the current crisis, while dealing a severe blow to U.S. manufacturing and its workers.  

NCTO is a Washington, DC-based trade association that represents domestic textile manufacturers, including artificial and synthetic filament and fiber producers. 

• U.S. employment in the textile supply chain was 585,240 in 2019. 
• The value of shipments for U.S. textiles and apparel was $75.8 billion in 2019. 
• U.S. exports of fiber, textiles and apparel were $29.1 billion in 2019. 
• Capital expenditures for textile and apparel production totaled $2.5 billion in 2018, the last year for which data is available.

Brown Wrote to President Outlining Critical Steps White House can Take Now to Address Shortage of Personal Protective Equipment

 U.S. Sen. Sherrod Brown (D-OH) hosted a news conference call to discuss his plan for addressing the shortage of personal protective equipment (PPE) needed by healthcare workers on the frontline of keeping Americans healthy and safe during the coronavirus pandemic.

This weekend, Brown wrote to President Trump outlining several steps the Administration should take immediately to address the shortage and ramp up manufacturing of these critical medical supplies.

In his plan and in his letter to the President, Brown lists nine steps the Administration could take immediately, including:

1. Designate a government official who can serve as a point person responsible for coordination the acquisition and development of PPE, medical devices, and other supplies necessary to fight the coronavirus pandemic. 
2. Establish a PPE and medical device assessment and database to monitor the supply and anticipated needs for PPE, ventilators, diagnostic test kits, and other needed medical supplies to respond to the coronavirus pandemic. 
3. Publish a list of PPE, medical device, and general medical supply needs to respond to the coronavirus pandemic. 
4. Establish a hotline capable of handling significant call capacity that will provide U.S. producers centralized information about the results of the national assessment and the current need for PPE, devices, and other health care supplies. 
5. Provide immediate funding to manufacturers to purchase equipment, retool machinery, hire additional workers, and cover any other expenses needed to increase production of PPE and necessary medical devices and supplies.
6. Streamline contract and certification procedures to ensure production and delivery of materials are not delayed due to paperwork constraints.
7. Provide critical protections for workers who are making PPE, medical devices, and necessary supplies to receive a waiver from any shelter-in-place requirements to allow workers to volunteer to go to work in these critical industries. 
8. Provide purchase guarantees and delivery assistance of product to the communities and health care facilities that need the products most. 
9. Support companies that have the capacity to sterilize reusable equipment to alleviate the existing PPE shortage. 

In his plan, Brown also pointed out important legislative actions that will help ramp up production of these critical supplies, including expanding the strategic national stockpile authority, substantially increasing Defense Production Act funding and strengthening domestic preferences.

Coalition of Iconic American Apparel Brands & Textile Companies Heeds Call of Nation to Produce Medical Face Masks

A coalition of iconic American apparel brands and textile companies, responding to the urgent call of the White House for medical supplies, have come together to build a supply chain virtually overnight and fast-track the manufacturing of medical face masks to help hospitals, health care workers and citizens battling the spread of the COVID-19 disease.

Parkdale Inc.-- the largest yarn spinner in the U.S. headquartered in North Carolina—helped lead the effort to build the coalition with Hanesbrands, Fruit of the Loom and six other companies to set up a manufacturing supply chain and begin ramping up production of the masks.

The coalition consists of iconic American brands such as Hanesbrands and Fruit of the Loom, often competitors in the marketplace, who are banding together for the greater good of a nation facing one if its most monumental challenges.

American Giant, Los Angeles Apparel, AST Sportswear, Sanmar, America Knits, Beverly Knits and Riegel Linen are also part of the coalition working tirelessly to respond to a national emergency in the nation’s time of need.

Dr. Peter Navarro, assistant to the President and director of the White House Office of Trade and Manufacturing Policy, worked with the coalition and helped expedite the production of these masks. The first face masks have been approved by the U.S. Department of Health and Human Services.

The companies expect to begin production on Monday and will make the first deliveries by mid-week.

They are dedicating their assets, resources and manufacturing capacities to create a high output of facemasks. Once fully ramped up in four to five weeks, the companies expect to produce up to 10 million facemasks per week in the United States and in Central America.

If companies are interested in dedicating resources to help the cause, please reach out to the National Council of Textile Organizations at kellis@ncto.org

NCTO is a Washington, DC-based trade association that represents domestic textile manufacturers, including artificial and synthetic filament and fiber producers.
 

• U.S. employment in the textile supply chain was 594,147 in 2018.  
• The value of shipments for U.S. textiles and apparel was $76.8 billion in 2018.  
• U.S. exports of fiber, textiles and apparel were $30.1 billion in 2018.  
• Capital expenditures for textile and apparel production totaled $2.0 billion in 2017, the last year for which data is available.

Anglo Recycling Technology is on course to deliver no less than a million of its special nonwoven mats for hydroponically growing herbs to a major customer in the Middle East this year. The Growfelt-branded products arose from the discovery back in the late 1990s by Anglo Recycling’s owner Simon Macaulay, that the Sussex-based retail supplier of salads, Van Heineken Brothers (now Vitacress), used nonwoven felts on which to grow its cress.

“I drove down to see the company’s production manager, Chris Moncrieff and discovered they were indeed growing cress on felts, but they were made from virgin materials and he liked the idea of maybe using a blend of virgin fiber offcuts of cotton, wool, and polypropylene,” he explains. “That’s how Growfelt was born. For the first six years, we supplied exclusively to Vitacress and in return, they helped us to bring our factory up to food-grade standard and to set in place a testing regime for Salmonella E-Coli coliforms and listeria.”

In recent years, however, Anglo Recycling, which is based in Whitworth, near Rochdale in the UK, has significantly broadened its customer base. It now offers a core of three growing media products to meet the differing needs of customers across Europe, the Middle East, and the Far East, whether for retail presentation and appearance or for water holding.

Forging Ahead with Circular Bioeconomy

Sateri, the world ’ s largest producer of viscose, has successfully produced on commercial scale viscose fiber regenerated from textile waste. The high-quality new fiber uses a mix of dissolving pulp made from recycled post-consumer textile waste by Swedish company Södra, and other PEFC - certified wood pulp.

Trialed at Sateri ’ s Linz Nanjng yarn spinning mill using two advanced technologies, Siro compact and Vortex, the new fiber has proven compatibility with existing spinning technologies, ensuring stable yarn production without the need to adjust existing processes or parameters. The fiber also has excellent spinning efficiency and delivers yarn evenness and tenacity.

Sateri ’ s breakthrough comes on the back of RGE’s announcement in October last year of a USD200 million investment towards next-generation cellulosic fiber innovation. Sateri is working with several dissolving pulp producers using various innovative technologies to aid the push towards a circular bio-economy. Sateri will be partnering yarn customers, garment manufacturer s and fashion brands to market and officially launch this new recycled viscose fiber product in the coming months, with the eventual goal of making recycled fiber available to the mass market.