From the Sector

• Finnish fashion and textile technology company Infinited Fiber Company plans to build its first commercial-scale Infinna™ fiber factory at Stora Enso’s Veitsiluoto industrial site in the city of Kemi in Finland’s northernmost region of Lapland. Infinited Fiber Company plans to convert a building currently housing a discontinued paper production line.
• The size of Infinited Fiber Company’s planned investment is around EUR 400 million.
• The planned factory is expected to create around 270 jobs at the Veitsiluoto industrial site.
• The factory is expected to operate at full capacity in 2025.

Fashion and textile technology company Infinited Fiber Company plans to build a commercial-scale factory to produce regenerated textile fiber for the world’s leading apparel companies at the site of renewable materials company Stora Enso’s closed Veitsiluoto paper mill in Kemi, a Finnish city on the northern shore of the Baltic Sea. The size of the investment is estimated at EUR 400 million, and it is expected to create around 270 jobs in the area. The annual fiber production capacity of the planned factory is expected to be 30,000 metric tons, which is equivalent to the fiber needed for about 100 million T-shirts.  

Infinited Fiber Company’s technology enables cotton-rich textile waste to be transformed into a versatile, high-quality regenerated textile fiber called Infinna™, which looks and feels like cotton. Major international fashion and apparel companies – including Zara’s parent company Inditex, PVH Europe, which is known for the Tommy Hilfiger brand, Patagonia, PANGAIA, H&M Group and BESTSELLER – have already committed to Infinna™ purchases through multi-year agreements as they look for materials that enable the industry to shift towards circularity. Infinited Fiber Company expects to export most of the output of its planned factory. This makes Kemi an ideal location as the city’s port serves as an efficient link to the rest of the world.

Infinited Fiber Company will convert a building housing a discontinued paper production line into an Infinna™ fiber factory. Both the factory engineering and project implementation as well as the related financing negotiations were commenced at the beginning of the year and are progressing well. Infinited Fiber Company has also agreed on the provision of energy and water related services with utility infrastructure company Nevel.

Once up and running, the factory is expected to provide direct employment for around 220 people, and for a further 50 through on-site support functions such as services, maintenance, and logistics. The additional indirect employment impact is estimated to be around 800 jobs. The construction and installation phase is expected to create jobs equaling around 120 person-years. The factory is anticipated to operate at full capacity in 2025.

With an annual report entitled 'Here.We.Go' and a sustainability report 'Shaping sustainable living, together', B.I.G. is also publishing a strong ambition for a sustainable future.

Offering sustainable flooring and material solutions will be the number one priority for the coming years.

The Group's first sustainability report is built around a self-designed sustainability model - "Route 2030" - which is based on achievable commitments, covers the main priorities and reflects B.I.G.'s vision in a sincere way.

Their vision for the B.I.G. change is to actively build a better future by their our carbon footprint to zero and doing business in a transparent, integer way. In this sense, it is the translation of the Group's purpose defined in 2021: shaping sustainable living, together.

Pol Deturck adds “By 2030, together with a broad group of suppliers, stakeholders and partners, we want to be the leader in sustainable flooring and material solutions. Specifically, our future value proposition is based on products and services that are environmentally & climate friendly, circular and offered by talented, innovative people with an emphasis on integrity and respect for values. This results more in a recurring value proposition for the future.”

Clear growth ambitions
As a 100% family-owned international Group with a clear long-term vision, B.I.G. stayed true to their plans and kept on investing in all areas of their business.
“The ambition for 2021 was to invest over 100 mio euro. But we were held back by external, unforeseen factors: from delays on quotes and execution to the lack of availability and resources due to the pandemic. If all goes as planned, we’ll make up for it in 2022 with an investment budget well over 100 million euro. The main areas of interest will be sustainability, innovation and Industry 4.0.” says Pieter-Jan Sonck, CFO of B.I.G.

Adding to the gradual top-line growth of recent years, the Group can look back on an unprecedented financial boom. The driving forces: favorable market conditions, a revitalized growth strategy and a team of nearly 5.000 first-class employees.

B.I.G. reported a turnover of EUR 2,5 billion, an increase of 45 % compared to 2020. The Group ebitda amounted to EUR 451 million, an increase of 120 % compared to 2020 and a net result of EUR 274 million, a growth of 215% compared to 2020.

Fruitful year for all Business Units
It was a fruitful year for all 3 business units, but the Group's business unit Polymers stood out. Exceptionally strong demand in Europe and North America, combined with raw material shortages and unplanned shutdowns of competitors, pushed prices and margins up to highs. The Polymers facilities ran at full capacity to meet the customers’ needs and hit all-time profit records during several months.

The Group's business unit Flooring Solutions also fared well. Most divisions and regions outperformed amid surging energy prices, disrupted supply chains, cost volatility in transport and raw materials, and other challenges. Their sustained focus on innovation, design and product differentiation led to an improved operating result at the end of 2021.

The achievements by Engineered Solutions echo those of the other two business units, from volume increases to budget increases. B.I.G. took big leaps forward in all its key markets, including the automotive sector, geotextiles and filtration.

The EREMA Group, which comprises EREMA Group GmbH and its subsidiaries EREMA, PURE LOOP, UMAC, 3S, KEYCYCLE and PLASMAC, closed the 2021/22 financial year with a 17 percent increase in revenue. Consolidated Group revenue amounted to EUR 295 million, and the number of employees increased to over 840. The EREMA Group remains on course for continued growth.

A closer look at the post consumer segment clearly shows a trend towards larger plants, both for PET recycling and for processing polyolefins. For example, the first VACUREMA® Basic 2628 T machine with an annual capacity of up to 40,000 tonnes was recently commissioned at a customer's site in Brazil. This plant features a ten-meter-long special geometry screw with a diameter of 280 millimetres and a weight of 3.5 tonnes. The screw was developed and manufactured by 3S, a subsidiary of EREMA GmbH.

Demand for previously-owned machines at UMAC also remained high during the past financial year. In addition to the general trend towards plastics recycling, the decisive factor here is that customers are more frequently opting for previously-owned systems available at short notice due to the tense situation on the procurement markets. At the same time, businesses that have so far had little contact with recycling are also becoming increasingly interested in this topic. Their need for feasibility studies, consulting and engineering services, project management and turnkey projects are now also very successfully catered for by KEYCYCLE, an EREMA Group company. KEYCYCLE has also acquired from Cadel Deinking the patent, technology and distribution rights for an innovative ink removal technology, which is now being further developed using the know-how of the EREMA Group and shaped into a product that meets industrial standards.

The initiative launched four years ago to modernise and expand existing EREMA Group sites was continued during the past financial year with the expansion and construction of a dedicated machine demonstration centre for PLASMAC in Milan. Equipped with additional production floor space and new and enlarged customer centres, all companies within the group are now well prepared to meet rising demand, and with the new research and development centre under construction in Ansfelden, the framework for further outstanding plastics recycling milestones from EREMA is currently being optimised.

Montalvo, an international specialist in Web Tension Control and Web Handling, publishes an article educating users on how to troubleshoot and test Load Cells. Load Cells play an integral role in measuring the Web Tension throughout the process, and as such, they must be accurate and function properly at all times. Furthermore, they are required to perform in every environment, which, at times, can present numerous challenges to their functionality, and thus knowing how to troubleshoot Loads Cells could shorten machine downtime. In this brief article, Montalvo explains why Load Cells fail and provides four ways to troubleshoot, diagnose and solve any missed performance features.  
 
Doug Brockelbank, Director of Technical Sales and Service, says, “Providing high-quality products is one thing; but providing technical support 5, 10, and even 20 years after the products were installed is entirely different. Montalvo’s technical support and services are one of our known key differentiators in the market, and we pride ourselves on it. Our Load Cells are designed to work in the roughest environments without any difficulties. But as rare as it is, Load Cells can start to miss perform, and in this case, our customers know that Montalvo is here for them. The goal of our internal sales support and technical services team is to provide our customers with the support they require, whether that be videos, technical articles, or in-person or over-the-phone support.

C.L.A.S.S. has taken another strategic step with Training, an educational offer made of three moments aimed at sharing valuable and practical information concerning three main areas of sustainable development. Training will be adding value to the Smart Academy offer by C.L.A.S.S., a program of events and conferences, lectures or customized training services, united by an important goal: to educate, raise awareness and inspire professionals, students and even consumers with an eye to the values of responsibility.

There are three trainings offered:

1. Introduction to a new generation of fashion
   C.L.A.S.S. team will introduce and explain the new generation of value-driven fashion where the fusion of design, innovation, communication and responsibility shapes an informed and competitive business, able to play both at an economic and social level. Since 2007, at the base of our philosophy is a formula: Virtuous Fashion, the one with the capital F, is the product of an integration of design (D), innovation (I), sustainability (S) and communication (C). In brief: F = D x I x S x C.
    
2. Introduction to Smart Ingredients
   What is a responsible material? How to source responsibly? Which are the latest smart ingredients that can enrich with new generation fashion collections?
   During the session participant will be guided through materials available in the market, and will have the chance to have an “informed background“ of each one of the materials' journey. Conscious Choices can be made ONLY IF we have all the true full information in our hands. This training informd participant to make the best informed choice for their objectives. A simple but facts driven introduction to the key available innovative and sustainable materials: naturals, transformed and innovative where traceability, transparency, innovation, performance, responsible measurements are leading both the storymaking and the storytelling of each one of them.
    
3. Introduction to Sustainability Report
   The preparation of the company's sustainability report is a fundamental moment to define objectives, identify improvement actions, and measure its environmental and social impact. It is a job that involves the entire company team, which can transform the report into an opportunity for growth.
   The package offered by C.L.A.S.S., in collaboration with Silvia Gambi, sustainable fashion journalist and podcaster of Solo Moda Sostenibile, combines training with personalized consulting with a coaching action to guide the company team in the preparation of its sustainability report, offering the necessary support to create a document that tells about the company, its values, its commitment and also its objectives.

Baldwin Technology Company Inc., an innovator of advanced color-management solutions and inspection technology for the printing industry, will present its “Complete Solution” for printing and inspection at the Tax Stamp and Traceability Forum, held May 16 to 18 in Malta.

Baldwin’s Complete Solution can be any combination of feeders (roll or sheet), vacuum tables, inspection systems, inkjet printers, UV ink-curing systems, reject gates and bins, sheet stackers, and real-time monitoring and reporting tools. Alongside Baldwin’s technologies, optional solution components can be joined together through partnerships with suppliers to create a world-class solution.

For advanced defect detection, Baldwin’s Guardian PQV 100% Print Inspection camera systems can be mounted on one or both sides of the product to perform 100% print-quality inspection, verify variable data and inspect the most challenging security print features. The system offers lighting options for all materials and substrates, as well as for special applications, including holograms, covert serialization, covert security features and more. The Guardian PQV can also be retrofitted to existing presses, machines and transports.
 
As part of a data-connected defect-management workflow, the Guardian PQV is a feature-rich inline defect-detection system that enables printers to find and remove defects quickly—and monitor their processes to prevent defects from occurring again or repeatedly. This technology provides complete print-quality verification from prepress through production, reporting and archiving for perfect runs.

Baldwin recently realigned its sales teams to optimize service and simplify access to its process-improvement and consumables technologies for printing and packaging customers in more than 100 countries. Two new sales professionals have since joined the team, covering smaller regional geographies and providing customers with a single point of contact for all of Baldwin’s product lines.

• Low impact of Ukraine war on business performance in 1st quarter
• 12.2% increase in sales to €270.9 million based on growth in all four business units
• Adjusted EBITDA improves by 11.5% to €36.8 million

SGL Carbon generated consolidated sales of €270.9 million in Q1 2022 (Q1 2021: €241.5 million). This corresponds to an increase of €29.4 million or 12.2% compared to the same period of the prior year. All four business units contributed to the pleasing increase in sales. In parallel, adjusted EBITDA improved by 11.5% to €36.8 million in the reporting period.

Sales development
In the first three months of fiscal 2022, the sales increase of €29.4 million was driven by all four operating business units: Graphite Solutions (+€11.3 million), Carbon Fibers (+€6.6 million), Composite Solutions (+€7.2 million) and Process Technology (+€6.0 million).
In particular, sales to customers in the automotive and semiconductor industries and a significant recovery in the industrial applications segment were key factors in the increase in sales. Sales of the Process Technology business unit to customers in the chemical industry also developed pleasingly. The effects of the war in Ukraine, which has been ongoing since the end of February 2022, had only a little impact on SGL Carbon's sales performance in the 1st quarter.

Earnings development
Despite the increasingly difficult market environment in the course of Q1 2022, associated with temporary supply and production bottlenecks at their customers, temporarily interrupted transport routes, and significantly higher energy prices, SGL Carbon was able to keep the adjusted EBITDA margin almost stable year-on-year at 13.6%.  
Adjusted EBITDA increased by 11.5% to €36.8 million in the reporting period. Higher capacity utilization in the business units and product mix effects contributed to the improvement in earnings, together with the cost savings achieved as a result of the transformation. By contrast, higher raw material, energy and logistics costs as of end of February 2022 had a negative impact on earnings. The Carbon Fibers business unit was particularly affected by the energy price increases. One-time expenses of €9.2 million in conjunction with energy transactions burdened the Carbon Fibers business unit in the 1st quarter of 2022.  
To secure our production and delivery capabilities, around 85% of the energy requirements of the entire SGL Carbon for 2022 are price-hedged.
Adjusted EBITDA and EBIT do not include in total positive one-time effects and special items of €8.5 million, among other things from the termination of a heritable building right to a site no longer in use. Taking into account the one-time effects and special items presented as well as depreciation and amortization of €14.1 million, reported EBIT increased by 83.5% to €31.2 million (Q1 2021: €17.0 million). The net profit for the period developed correspondingly and more than tripled from €6.1 million to €21.4 million in a quarter-on-quarter comparison.

Outlook
The sales and earnings figures for the 1st quarter 2022 confirm the stable demand from different market segments. Price increases and volatility in the availability of raw materials, transportation services and energy were largely offset by savings from the transformation program and pricing initiatives at the customers.
For 2022, SGL Carbon continues to expect volatile raw material and energy prices, which were included in their forecast for 2022 at the time of planning. However, there are uncertainties about the extent and duration to which SGL Carbon and the customers will be affected by the impact of the war in Ukraine or temporary supply chain disruptions due to the lockdowns in China. Therefore, SGL Carbon's outlook for fiscal 2022 does not include supply and/or production interruptions at customers or the impact of a possible energy embargo that cannot be estimated at this time.  
SGL Carbon's forecast also implies that factor cost increases can be at least partially passed on to the customers through pricing initiatives. SGL Carbon has also included the revenue and earnings impact from the expiry of a supply contract with a major automobile manufacturer at the end of June 2022 in our forecast.

ITM 2022: Rieter Further Improves Attractiveness of Ring and Compact-Spinning System

• Autoconer X6 is the key machine for highest efficiency
• Roving frame F 40 sets industry standard at 90 seconds only for doffing
• New top and bottom aprons NO-79201 offer greater durability
• i-Bearing enables 24/7 visibility for fast and smart decisions
• Berkolizer pro introduces easily adjustable UV treatment as industry-first
• European roll out of precision winder NEO-YW to launch in Turkey

Rieter is presenting the Autoconer X6 at the upcoming ITM 2022 in Istanbul (Turkey), taking place from June 14 to June 18, 2022, which further improves the attractiveness of the company’s ring and compact-spinning offering by completing the system. In addition, Rieter is showing the roving frame F 40 which doffs at 90 seconds only. SSM’s NEO-YW precision winder is launching into the European market while three key innovations in components are being introduced.

Opportunities and Challenges to the Spinning Industry

2021 was an unprecedented year for the global spinning industry. Driven by the market recovery after the pandemic and the regional shift of the industry, customers invested in new spinning systems at levels never experienced before. And despite the current uncertainties, customers continue to invest.

As market and technology leader, Rieter succeeded in this environment in posting a record order intake for 2021. This is clear evidence of the high level of trust customers have in Rieter. Dr. Norbert Klapper, CEO of Rieter, says: “Systems, machines, components, parts and services from Rieter have ensured competitiveness and success for customers over many years in the past and will continue to do so in the future.”

Dr. Klapper also comments on the challenges that lie ahead for the industry as it takes advantage of market opportunities: “The pandemic is not over yet, and business is exposed to dramatic cost increases as well as shortages in material supplies and logistics. In difficult times, it is important to work together even more closely than under normal circumstances. It’s all about true partnership and trust – the basis of Rieter’s business for 226 years.”

• Ms Dana Rastocna-Illova (Cert. Eng., PhD) took on the role of OETI Country Manager in the Czech Republic in April 2022.

Her main tasks include customer service and the expansion of the customer structure in the Czech Republic. In addition, she will be responsible for conducting the STANDARD 100 by OEKO-TEX® on-site visits.

Dana Rastocna-Illova holds a doctorate from the Slovak University of Technology in Bratislava and has been working in the textile industry for almost 25 years – about 20 of them in management positions. She also has many years of in-depth experience in the field of OEKO-TEX® certifications.

This month, the circular knitting machine manufacturer Mayer & Cie. is launching its upgrade kits for circular knitting machines that are already successfully in use by customers. With tailor-made packages, the company wants to give its users the opportunity to take advantage of technological progress in their existing machines. The aim is to improve the performance of the existing machines and to extend their service life. In addition to the machine-specific upgrade kits, the company now starts offering tailormade spare parts packages. They are intended to ensure machine availability and equip customers with spare parts for standard situations. In addition, they offer a degree of independence from possible failures in the supply chain and rising transport costs.

Longevity, a popular product property
“Longevity of our circular knitting machines is definitely a property that our satisfied customers mention regularly”, Mayer & Cie. sales director Wolfgang Müller says. The company estimates that up to 50 percent of all the circular knitting machines it has ever made are still around in the market somewhere.

Upgrades boost performance and value
Value retention, maintenance and upgrades for existing machines are a key issue for the company – and for the customers who successfully use existing Mayer & Cie equipment. That’s why the company recently launched customised upgrade kits to improve the long-term performance of machines.

Low budget, clear benefit
Compared to a new machine, upgrade kits are a low-cost investment that deliver clearly defined benefits. For example, an improved yarn guide ensures a significant increase in the plating reliability and output of the machine in question.

Most of the upgrade kits is machine-specific; the aforementioned yarn guide ensures a boost in productivity for the Relanit 3.2 II and Relanit 3.2 S. For S4 machines an optimised fluff blowing device can be the solution. It ensures that less fluff is knitted in and thereby improves the fabric quality. It also reduces downtimes that would otherwise be required for cleaning. Upgrade kits suitable for most Mayer & Cie. machines are the edge trimmer to open a fabric hose before the fabric’s rolling-up and the laying facility for high-quality hose fabric.

Spare part packages: Inside is what is required
In addition to individual upgrade kits Mayer & Cie. now offers spare parts packages. They too are customised for individual machines. When purchasing a machine, the customer can also order a small or a large spare parts package. Selected specially for the machine in question, it contains the most important consumables and spare parts.
The new spare parts packages also increase customers’ independence of supply chain failures and rising transport costs.