From the Sector

Electronics For Imaging, Inc. is announcing that it will be prioritizing technology investments to accelerate growth in its fast-growing industrial EFI™ Inkjet business to continue to be a leader in the industry of analog-to-digital transition, as well as in its market-leading Fiery® business. As part of this focused strategy, EFI has completed a sale of its eProductivity Software (“EPS”) packaging and print productivity software business to an affiliate of Symphony Technology Group (“STG”). EFI and EPS will continue to collaborate with their joint customers and partners to ensure mutual success.

This realignment allows EFI to accelerate investment into its Inkjet and Fiery business units to capitalize on the growth opportunities available in existing segments the company serves, as well as drive expansion into markets that are beginning the transformation toward digital.

Industrial Inkjet: Capturing Unprecedented Opportunity
The industrial inkjet space is ripe with opportunity in existing and adjacent vertical markets. EFI Inkjet will continue to drive in high-volume, shuttle and single-pass inkjet technology, which the company has currently implemented in award-winning, high-performance products for the Packaging & Corrugated, Display Graphics, Textile, and Building Materials/Decor verticals. EFI will also leverage its industry-leading expertise in hardware, mechanical control software, high-speed electronics, services, cloud-connected devices, and ink innovations to deliver the next generation of versatile, high-volume, superior-quality printers and presses.
 
Following the realignment, EFI is making investments in R&D to strengthen its position in core markets while entering new categories – including the development of technologies to address new applications for the textile space and for packaging.

Fiery: Driving Digital Print Innovation and Growth
The Fiery business unit, under the continued leadership of Fiery Chief Operating Officer and General Manager Toby Weiss, remains as one of the world’s premier DFE providers, enabling the high performance required across many vertical markets including packaging, signage and commercial print with advanced Fiery solutions driving high-end printers and presses from many major equipment manufacturers.

Productivity Software: Investing for Growth under New Ownership
EPS’ new owner, STG, is a private equity firm that focuses on investing in software, data analytics, and software-enabled technology services companies, and will support EPS to deliver enhanced value to its packaging and print customers and accelerate global growth. STG completed this acquisition on December 30, 2021. The price and terms of the deal were not disclosed.
 
Moelis & Company LLC served as exclusive financial advisor, and Sidley Austin LLP acted as legal counsel, to EFI in the sale of EPS. Paul Hastings LLP acted as legal advisor to STG.
 
EFI’s upcoming Connect users conference will be a joint event for EFI and EPS customers. Leaders from both companies will highlight their technology enhancements and product roadmap strategies during the January 17-21 Las Vegas gathering.

• AMSilk Partners with Mercedes-Benz to Present a Sustainable Bio-Based Product
• The use of a biotechnology-based and certified-vegan silk-like fabric marks a first in the automotive sector

AMSilk GmbH (“AMSilk”), a leader in supplying innovative high-performance bio-based silk materials, announced a partnership with Mercedes-Benz, for the development of novel, sustainable car door pulls, as part of the car manufacturer’s latest technology programme, the VISION EQXX.

The new concept car, VISION EQXX, features innovative interior materials, revealing a way forward for luxury design that conserves resources and is in balance with nature. Among the organic interior design features are new door pulls made from AMSilk’s Biosteel® fiber. This high-strength, certified-vegan, silk-like fabric is made using AMSilk’s proprietary biotechnology expertise. AMSilk is the world’s first industrial supplier of vegan silk biopolymers which are 100% biodegradable, recyclable, renewable and zero-waste.

Marking a first in the automotive sector, AMSilk’s Biosteel® provides a solution to the car industry whose need to replace petroleum-based content by natural, bio-based materials is increasingly growing.
This new project is the most efficient electric vehicle Mercedes-Benz has ever built and marks a new expression of efficiency and sustainability in interior design. The all-electric VISION EQXX was unveiled in a digital world premiere on the “Mercedes me” media online platform.

Ulrich Scherbel, Chief Executive Officer of AMSilk said: “We are extremely proud to partner with Mercedes-Benz on the technology programme VISION EQXX, providing sustainable interior design solutions from our best-in-class bio-based fibers. Amid a fresh wave of ambitious climate pledges, we are proud to be playing a leading role in providing solutions for a zero-waste future.”

The year 2021 is expected to end on an extremely positive note for the Swiss Group, with an organic turnover record (significantly higher than pre-pandemic levels) and an acceleration of the product range completion strategy: after the addition of Amom, in June, Riri is proud to share the closing of the acquisition and integration into the Group of DMC, a company specialized in the metal components sector for haute couture, more specifically leatherwear. This is another step towards creating a single hub dedicated to luxury accessories, whose goal is to develop a balanced portfolio including zips, buttons, metal hardware, and fashion jewels.

DMC, established in 1976 in Scarperia e San Piero a Sieve, near Florence, has a consolidated experience with major luxury brands and a strategic position, being located close to the Tuscan leatherwear district. Originally a family-run business, today it is a company which combines highly skilled Italian artisan tradition, which has a strong connection in the region, with the use of cutting-edge technologies. Its comprehensive vertical integration system allows for in-house management of all production process phases.

“The addition of DMC to the family” – explains Renato Usoni, CEO of the Riri Group – “is not just a bonus for our offer in terms of product range. It means also a fundamental milestone in the creation strategy of a fully integrated business model”. As a matter of fact, the operation is a further improvement in the Group’s designing potential, increasingly able to provide tailor-made accessories, as requested by each client, achieving very high levels of customization while keeping up massive investments in new technologies, organization systems and sustainability projects with a cross-cutting impact.

“Our Group” – Usoni adds – “is, to all intents and purposes, a leader in terms of innovation, thanks to its state-of-the-art plants, which are located in seven production factories, and thanks to its constant search on emerging technologies and materials”. More specifically, DMC’s proposal – in line with Riri’s – is increasingly focused on the use of sustainable products and on processes with a low environmental impact.

Furthermore, the new company in the Group is committed to integrating the economic development of its business with the ensuing social accountability. Evidence of this attention is shown by its having been awarded the certifications ISO 9001, due to the quality of its processes, products and services, and SA 8000, for its ethical management of human resource. Moreover, every year DMC produces a social report which, in line with what have always been distinctive values of Riri, bears witness to its intent of communicating its achievements clearly and transparently.

During an expansive, three-day Electronics For Imaging, Inc. open house this month at the company’s EFI™ Reggiani industrial textile printer facility, textile and apparel manufacturers witnessed first-hand the market-leading innovations that provide users with new opportunities. The December open house, which drew more than 70 attendees from over 23 different European, South American, and Middle Eastern countries, featured informative sessions with product experts on a diverse range of topics, covering new and trending market applications for textile manufacturers.

Attendees witnessed live demonstrations of eight advanced digital printers during the open house, including the new EFI Reggiani HYPER, EFI Reggiani TERRA Silver scanning/multi-pass printer, and EFI Reggiani BLAZE as well as the EFI Reggiani BOLT – the award-winning single-pass offering that is the one of the fastest digital textile printers.

EFI Reggiani HYPER – a fast scanning digital printer
The new EFI Reggiani HYPER is a scanning printer available in 1.8-metre, 2.4-metre or 3.4-metre widths. The Reggiani HYPER model targets the industrial high-speed segment of the multi-pass textile printing sector.

With an up to eight-colour configuration, it prints at speeds up to 13 linear metres per minute in two-pass production mode. The new printer is suitable for high-quality production on knitted or woven fabrics and is designed with smart technology that enables it to be integrated into Industry 4.0 projects.

Sustainable direct-to-textile printing with the EFI Reggiani TERRA Silver
The new-version TERRA Silver printer is part of EFI’s complete TERRA line-up of pigment ink printer solutions. It allows print service providers to enter the world of industrial textile with a short, smart and green production process.
The printer also features:

• A new recirculating ink system for superior reliability and minimum maintenance
• Several printing modes to ensure maximum flexibility in terms of design capability
• New, real-time image processing that eliminates time spent in image pre-calculations
• A user friendly, intuitive interface
• A more-efficient polymerisation process that takes place as printed textile goes through the printer’s on-board dryer.

EFI Reggiani BLAZE, an ideal entry solution for industrial textile printing
The EFI Reggiani BLAZE printer is designed to give textile companies the opportunity to enter the digital textile printing market with a compact solution. The new, 1.8-metre-wide printer offers an innovative, low-maintenance, continuous recirculation ink system equipped with a level sensor and degassing as well as a print head crash protective system for longer printhead life and superior uptime.

The upgraded EFI Reggiani BOLT – one of the fastest digital textile printers
In 2021, the EFI Reggiani BOLT received a combination of hardware and software enhancements that minimise artifacts, compensating for missing nozzles that may occur over time and enhancing uniformity to deliver smoother solid colours. The upgrade also delivers improved quality and smoother gradients, plus it enables faster printhead replacement and drastically increases file processing speed by up to 200% for large, complex files.

For most textiles, finishing processes are not actually the last stage. Products often need an extra touch of expertise to make them perfectly ready for the customer. At this point in the value chain, that usually means manual tasks – but now there are technical solutions and intelligent systems which can handle complex operations better, while adding extra value and assured quality.
Automation brings reliability and efficiency, ultimately saving costs to produce the right quality every time. Swiss companies are specialized in many of these disciplines, with machinery for fabric inspection and presentation, labelling and tracking, folding and packaging. They have the technology to inspire a new vision at the post-production segment of the textile manufacturing processes. Optimization of workflows, with bottleneck management, is an obvious potential benefit. And it delivers measurable returns on investment. The wider picture with automation will prepare companies for the IoT and Industry 4.0.

New business models
The advantages of automation in mills with high-volume production are obvious: consistent quality, increased efficiency, waste reduction in some cases, as well as significant medium-term cost reductions in every case.
That description focuses on the aims of modern mills in low-cost markets. But producers in Europe and USA could reach out for more. For them, automation could be a game-changer, offering unique new opportunities.
Reshoring is a growing trend now. It shows great potential and is definitely driven by sustainability and changes in consumer mindsets. “We believe that the time is right – the machines and solutions certainly are – to push automation also to the very end of the production line, replacing intensive manual work and take the chance for reshoring. The current situation is kind of a transition time which is expected to last for a couple more years in the textile industry,” says Rueedi. He adds that any investments in these prime markets pay off much faster because of higher labour costs.
Innovation transformed through automation can do much more than simply replacing the nimble fingers of humans. It also enables new business models, guaranteeing prosperous future business, alongside greater job security.

Digital workflow and process control
The Swiss company Maag Brothers is a leading supplier of high-end machines for quality assurance in the final make-up processes, specifically fabric inspection, plating/folding, selvedge printing and packaging. Maag reports on a practical example from a mill in India which recognized the potential of automation.
An analysis at the customer’s mill identified the main goals as modernization of the workflow at quality control and packing processes. Maag’s new system covers tasks from fabric inspection to dispatch, and offers transparent and easily adjustable processes with real-time process control. It’s a digital solution, resulting in a slim organization, paperless, and the basis for further optimization towards Industry 4.0 to exploit its full potential. The customer’s own calculation showed a ROI for the installation at less than three years – along with a reduction in manpower and savings in fabric costs for shade samples.

Perfectly labelled, efficient data...
Smooth processes start with a label. Swiss company Norsel is an expert in grey fabric labelling systems, for piece tracking through all textile processes. High-quality label printing and proper sealing on all kind of fabrics ensure readability and sustainability after dyehouse processes such as mercerizing, high temperature dyeing and even hot calendering. No roll mix-up during dyeing, easy sorting of fabric rolls and rapid delivery make processes in the mill much more efficient. Using RFID codes lifts fabric inventory control to the highest level, with all information readily transferred to a database and integrated through any ERP software.
It’s a foolproof way to avoid the risk of human errors from hand-written notes on grey fabrics and article sheets, by opting for reliable, secure and forward-looking solutions.

Sample collections – the silent salesmen
First impressions count, so fabric producers like to present their collection perfectly – and that’s only possible with automated solutions. Swiss producer Polytex continuously refines its solutions, underlining its leading position in sample making equipment. Fully-automatic high-performance sample production lines are designed to satisfy the highest expectations. Fully-automatic lines or robotic machines set the standards for quality and performance. Even the most demanding clients can achieve their goals with impeccable samples, quickly and efficiently made, for flawless collections that are sure to impress.

Automation drives buying
First impressions are also the trigger for quick purchase decisions. The proof is there on every store shelf. Customers of Espritech are also well aware of it. They trust this Swiss producer of automated folding machinery to provide the final touch of class to home textiles and apparel products before they go on display. The folding systems are generally large mechatronic devices, loaded with latest technologies in mechanics, electronics, sensors and pneumatics. “Textile producers are amazed how folding machines solve the tricky task of reliably handling chaotically behaving materials. They see process optimization potential and the impact. We observe a slow but continuous change of mindset installing sophisticated technology even in the last steps of textile finishing,” says Philipp Rueedi, CFO at Espritech.

Kornit Digital Ltd. announced that France-based Brodelec has recently complemented its existing Kornit Avalanche direct-to-garment (DTG) and Kornit Presto S direct-to-fabric print systems with Kornit Atlas MAX technology. The print services provider, which produces personalized markings on textiles, luggage, and promotional pieces, has used Kornit Digital production technologies for more than 15 years.

Tourism accounts for 30% of Brodelec’s business, and clients include zoos, museums, and tourist attractions, as well as communication agencies. They established an on-demand web platform enabling small brands and YouTube users to order and receive custom gear quickly. By investing in a broad cross-section of Kornit’s technologies for single-step, eco-friendly, just-in-time production, Brodelec creates new opportunities and sales channels, which proved fortuitous when the pandemic economy suddenly impacted consumer behaviors.

Using Kornit’s Oeko-Passport and GOTS-certified inks, these systems produce consistent, high-quality impressions within minutes, giving Brodelec the flexibility to produce a variety of applications, in multiple materials, with a single ink set. The business complemented Kornit’s quick, efficient production capabilities with a laser cutting system and several sewing machines, empowering them to offer finished pieces such as imprinted cushions, tote bags, aprons, and towels.

Freudenberg Performance Materials Apparel Europe started construction work on its competence center for finishing and coating base material for the apparel industry at its site in Sant´Omero (Italy) as scheduled in December. Further processing of base material is to begin in Italy in early 2023. The Weinheim site will then become the competence center for interlining base material.

In January 2021, Freudenberg Performance Materials Apparel Europe (Freudenberg) announced plans to set up two competence centers. In future, the company will concentrate on manufacturing base material for interlinings at the Weinheim location. Base material finishing and coating is to be bundled at Sant´Omero. For this purpose, production plant will be relocated from Weinheim to Sant´Omero and recommissioned in a newly-built production hall.

The traditional groundbreaking ceremony with senior representatives from local authorities and Freudenberg management was cancelled due to the high number of coronavirus cases in the area.

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

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

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

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

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

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

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

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

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

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

• More than 8 million treasury shares cancelled

adidas announced today the completion of its second share buyback program this year. Between October 18, 2021, and November 25, 2021, the company bought back 1,619,683 shares for a total amount of € 450 million, corresponding to an average purchase price per share of € 277.83. Taking into consideration the first share buyback conducted during the third quarter, adidas bought back 3,471,205 shares for a total amount of € 1 billion in 2021. Including the dividend payment of € 585 million in May, the company returned nearly € 1.6 billion to its shareholders this year.

Strong cash returns are an essential part of the company’s new strategy ‘Own the Game’. Driven by the significant top-line growth and strong bottom-line expansion, adidas will generate substantial cumulative free cash flow until 2025. The majority of this – between € 8 billion and € 9 billion – will be distributed to shareholders through regular dividend pay-outs in a range of between 30% and 50% of net income from continuing operations, complemented with share buybacks.  

“‘Own the Game’ is a growth and investment strategy resulting in significant value creation,” said Harm Ohlmeyer, CFO of adidas. “Dividends as well as share buybacks are key components of this. Against this background and given our positive outlook for 2022, we plan to continue our regular share buyback activities early next year. This will be complemented by returning the majority of the cash proceeds from the Reebok divestiture to our shareholders after closing of the transaction, which is expected to occur during the first quarter of 2022.”

As announced in October 2021, adidas intends to cancel the majority of the shares repurchased as part of its buyback activities. As a result, a total of 8,316,186 treasury shares have been cancelled, reducing the company’s share count and stock capital from 200,416,186 to 192,100,000.

Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, is pleased to announce the opening of a new Packaging Innovation Center, located at its headquarters in Green Bay. The multi-purpose space is more than 4,700 square feet and will serve as a hub for demonstrations, training, education, industry trials, and research and development.

The Packaging Innovation Center will be the home of a Fusion C flexographic press, Hudson-Sharp’s Ares 400-SUP stand-up pouch machine, a Meridian Elite laser anilox cleaner, an ELS-MAX inline press and the ION digital printing platform. These machines will be available for demonstrations, as well as for hands-on learning and training opportunities. The state-of-the-art center also features industry-leading tools and supplies for anilox sleeves, plate-mounting, color-proofing, plate and print inspection, sleeve-cleaning, and plate sleeves and tapes.

“We’re excited to be able to welcome printing and converting customers into our facility to experience our innovations firsthand,” said Rodney Pennings, PCMC’s Director of Sales–Printing, Coating and Laminating. “Our new Packaging Innovation Center is a vision that we’ve had for several years, and it’s rewarding to see it finally be completed.”