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(c) ISKO
12.03.2020

ISKO shared R-TWOTM, its 100% responsible platform, at Drapers Sustainable Fashion Forum

Supporting the industry through innovation and creativity.

The leading denim ingredient brand hosted a special panel to discuss some of the pioneering advancements in technology that are making the fashion industry more responsible: from R-TWOTM to automated laser technology.

With the fashion industry being considered one of the world’s most polluting businesses-sectors, collaborating and knowledge sharing are key in finding solutions for a better future. Fully aware of this scenario, for the second year running, ISKO was the headline sponsor at Drapers Sustainable Fashion Forum, the authoritative event bringing together the most responsible players to discuss what can be done to tackle the industry’s environmental and social issues through innovation and creativity.

Sharing knowledge, collaborating for change.

As evidence of its pioneering Responsible InnovationTM approach, ISKO shared its founding values of creativity, competence and citizenship by showcasing the R-TWOTM program, its latest responsible achievement, in a dedicated stand.

Supporting the industry through innovation and creativity.

The leading denim ingredient brand hosted a special panel to discuss some of the pioneering advancements in technology that are making the fashion industry more responsible: from R-TWOTM to automated laser technology.

With the fashion industry being considered one of the world’s most polluting businesses-sectors, collaborating and knowledge sharing are key in finding solutions for a better future. Fully aware of this scenario, for the second year running, ISKO was the headline sponsor at Drapers Sustainable Fashion Forum, the authoritative event bringing together the most responsible players to discuss what can be done to tackle the industry’s environmental and social issues through innovation and creativity.

Sharing knowledge, collaborating for change.

As evidence of its pioneering Responsible InnovationTM approach, ISKO shared its founding values of creativity, competence and citizenship by showcasing the R-TWOTM program, its latest responsible achievement, in a dedicated stand.

Stemming from the mill’s holistic vision, R-TWOTM represents a great example of how reducing, reusing, and recycling strategies can be implemented in a textile business to improve its environmental performance. With the goal to create fabrics that can provide both quality and responsibility, ISKO has developed this platform, which deals with the most critical issue that apparel supply chains are currently faced with: using more than what actually needed.

Source:

ISKO

NCTO (c) NCTO
12.03.2020

NCTO Supports Administration’s Proposals on Economic Stimulus in Coronavirus Response

Rejects Importer Attempts to Remove China 301 Tariffs on Finished Products

The National Council of Textile Organizations (NCTO), representing the full spectrum U.S. textiles from fiber through finished sewn products, issued a statement today welcoming the Trump administration’s proposals on an economic stimulus package to gird the economy against the impact of the coronavirus outbreak, but the organization urged officials to reject any attempts by importers to remove China 301 tariffs on finished products as part of any relief package.

As part of a Phase One deal with China, the administration reduced duties on finished apparel and textile products implemented on Sept.1 from 15 percent to 7.5 percent. Finished apparel, home furnishings and other made-up textile goods equate to 93.5 percent of U.S. imports from China in the sector; while fiber, yarn, and fabric imports from China only represent 6.5 percent, according to government data.

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

Rejects Importer Attempts to Remove China 301 Tariffs on Finished Products

The National Council of Textile Organizations (NCTO), representing the full spectrum U.S. textiles from fiber through finished sewn products, issued a statement today welcoming the Trump administration’s proposals on an economic stimulus package to gird the economy against the impact of the coronavirus outbreak, but the organization urged officials to reject any attempts by importers to remove China 301 tariffs on finished products as part of any relief package.

As part of a Phase One deal with China, the administration reduced duties on finished apparel and textile products implemented on Sept.1 from 15 percent to 7.5 percent. Finished apparel, home furnishings and other made-up textile goods equate to 93.5 percent of U.S. imports from China in the sector; while fiber, yarn, and fabric imports from China only represent 6.5 percent, according to government data.

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.

 

More information:
NCTO
Source:

NCTO

perPETual und Polygenta produzieren rPET FDY auf WINGS von Oerlikon Barmag (c) Oerlikkon
perPETual und Polygenta produzieren rPET FDY auf WINGS von Oerlikon Barmag
12.03.2020

perPETual and Polygenta manufacture using Oerlikon's WINGS

The Indian yarn manufacturer Polygenta, specialized on the manufacturing of sustainable recycling yarns, recently commenced production of recycled polyester FDY yarns at its facilities in Nashik. The yarn is produced using a combination of perPETual Global Technologies patented chemical recycling technology and Oerlikon Barmag’s direct spinning system equipped with the 32-end WINGS concept.

The spinning plant was commissioned by Oerlikon Textile India technologists in close collaboration with the process experts at Oerlikon Barmag, with various FDY products currently being developed. The yarn produced caters to the requirements of premium-segment clients demanding high quality, cost effective sustainable solutions.

The Indian yarn manufacturer Polygenta, specialized on the manufacturing of sustainable recycling yarns, recently commenced production of recycled polyester FDY yarns at its facilities in Nashik. The yarn is produced using a combination of perPETual Global Technologies patented chemical recycling technology and Oerlikon Barmag’s direct spinning system equipped with the 32-end WINGS concept.

The spinning plant was commissioned by Oerlikon Textile India technologists in close collaboration with the process experts at Oerlikon Barmag, with various FDY products currently being developed. The yarn produced caters to the requirements of premium-segment clients demanding high quality, cost effective sustainable solutions.

As one of the world’s first companies, Polygenta has, since 2014, been producing 100% recycled POY and DTY from post-consumer PET using the patented chemical recycling process developed by perPETual Global Technologies. perPETual’s process reduces CO2 impact by more than 66% compared to virgin PET. The yarn is spun using Oerlikon Barmag systems and equipment. As a result, Polygenta is able to produce a wide range of DTY and FDY yarns that comply with the Global Recycled Standard (GRS).

More information:
Oerlikon
Source:

Oerlikon

SGL Carbon: fiscal year 2019 (c) SGL Carbon
SGL Carbon: fiscal year 2019
12.03.2020

SGL Carbon: fiscal year 2019

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

  • Consolidated sales revenues in fiscal year 2019 up by 4 percent to around 1.1 billion euros
  • Consolidated recurring EBIT down by 25 percent to 48 million euros; record results of graphite specialities business did not fully compensate for the weak development in the carbon fiber business
  • Composites – Fibers & Materials (CFM): Cyclical und structural weaknesses impact the result of the market segments Wind Energy, Textile Fibers and Industrial Applications, which have limited strategic significance in the medium term
  • Graphite Materials & Systems (GMS): Sales and earnings on record level due to strong growth in the market segments Semiconductors and Automotive
  • Non-cash impairment charge of around 75 million euros was recorded at CFM in the third quarter of 2019
  • Free cash flow significantly improved
  • Issue of a new corporate bond and early redemption of the 2015/2020 convertible bond has significantly improved the maturity profile
  • SGL Carbon confirms guidance for fiscal

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

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

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

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

More information:
SGL Carbon
Source:

SGL Carbon

Lenzing in difficult market environment
Logo Lenzing
12.03.2020

Lenzing solid in a historically difficult market environment

 

 

  • Historically difficult market environment – trade tensions put textile value chain under pressure in 2019
  • Prices for standard viscose at a historic low
  • Positive development of the specialty fiber business with a revenue share of already 51.6 percent
  • Strategic investment projects are progressing according to plan
  • sCore TEN targets for 2024 defined – EBITDA of EUR 800 mn

Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and the accompanying focus on specialty fibers once again helped to mitigate the effect of unprecedentedly low standard viscose prices.
As a result, revenue dropped by 3.3 percent from EUR 2.18 bn to EUR 2.11 bn in 2019, driven by lower selling prices as well as standard fiber volumes. Due to positive mix effects and more resilient specialty fiber prices, the share of specialty fibers increased from 45.5 percent to 51.6 percent of revenue.
The earnings development was largely influenced by the decline in revenue, but also by negative currency effects on material and personnel costs. EBITDA (earnings before interest, tax, depreciation and amortization) fell by 14.4 percent from EUR 382 mn to EUR 326.9 mn. The EBITDA margin declined from 17.6 percent to 15.5 percent. Net profit, at EUR 114.9 mn, was 22.4 percent lower than in the previous year at EUR 148.2 mn. Earnings per share amounted to EUR 4.63 (2018: EUR 5.61).

More information:
Lenzing financial year 2019
Source:

Corporate Communications, Lenzing AG

ISKO logo
ISKOs shared its R-TWO Platform
11.03.2020

ISKO shared R-TWO™ at Drapers Sustainable Fashion Forum

ISKO presented its 100% responsible platform, R-TWO™.

The denim ingredient brand hosted a special panel to discuss some of the advancements in technology that are making the fashion industry more responsible: from R-TWO™ to automated laser technology.

With the fashion industry being considered one of the world’s most polluting businesses-sectors, collaborating and knowledge sharing are key in finding solutions for a better future. Fully aware of this scenario, ISKO was the headline sponsor at The Drapers Sustainable Fashion Forum brings together responsible players to discuss what can be done to tackle the industry’s environmental and social issues through innovation and creativity.

ISKO presented its 100% responsible platform, R-TWO™.

The denim ingredient brand hosted a special panel to discuss some of the advancements in technology that are making the fashion industry more responsible: from R-TWO™ to automated laser technology.

With the fashion industry being considered one of the world’s most polluting businesses-sectors, collaborating and knowledge sharing are key in finding solutions for a better future. Fully aware of this scenario, ISKO was the headline sponsor at The Drapers Sustainable Fashion Forum brings together responsible players to discuss what can be done to tackle the industry’s environmental and social issues through innovation and creativity.

Sharing knowledge, collaborating for change.
As evidence of its Responsible Innovation™ approach, ISKO presented the R-TWO™ program, its latest
responsible achievement. Stemming from the mill’s holistic vision, R-TWO™ represents a great example of how reducing, reusing, and recycling strategies can be implemented in a textile business to improve its  environmental performance.
The R-TWO™ reduces the amount of raw material sourced by using a blend of reused cotton and recycled polyester – both certified –, improving sourcing efficiency throughout the entire field-to-fabric production.
Reused cotton is certified with the Content Claim Standard – or CCS – from the Textile Exchange. As for recycled polyester, it can be either Recycled Claim Standard (RCS) or Global Recycled Standard (GRS) certified, depending on the content percentages. Together with this cutting-edge and fully responsible program, ISKO also uses automated laser
technology developed in partnership with Jeanologia.

“How technology can help make the fashion industry more sustainable”:
On March 11th, ISKO hosted a discussion about ways, to make the fashion industry more responsible
The panel was moderated by David Shah, consultant on design and marketing development, Publisher and CEO at Metropolitan Publishing BV and Associate Professor at ARTez (Arnhem, the Netherlands) and Associate Professor at Renmin University, (Beijing, China). The talk involved Keith O’Brien, ISKO Marketing & Business Development Manager, Victoria Soto, Jeanologia Custom Technology Consultant and Filippo Ricci, Fashion Open Studio Program & Partnership Manager.

 

Source:

Menabò Group, Global Press and PR Support

TERASIL® BLUE W DYE (C) Huntsman Corporation
11.03.2020

HUNTSMAN TEXTILE EFFECTS introduces TERASIL® BLUE W DYE

  • Technology for dyeing polyester and its blends

TERASIL® BLUE W high wash fastness dye raises operational excellence of mills, providing right-first-time results leading to savings of water, energy and costs.

Huntsman Textile Effects introduces TERASIL® BLUE W, the latest addition to the TERASIL® W/WW range of wash fast disperse dyes. TERASIL® Blue W is designed to meet all major requirements for high performance sportswear and athleisure wear.

Polyester fiber has become the fiber of choice in the textile industry, the demand for polyester and man-made fibers is expected to rise over the long term, as sports and athleisure apparel markets expand around the world. At the same time, leading brands, retailers and mills are increasingly focused on achieving brilliant and deep shades, consistent shade reproducibility, as well as water, energy and cost savings.

  • Technology for dyeing polyester and its blends

TERASIL® BLUE W high wash fastness dye raises operational excellence of mills, providing right-first-time results leading to savings of water, energy and costs.

Huntsman Textile Effects introduces TERASIL® BLUE W, the latest addition to the TERASIL® W/WW range of wash fast disperse dyes. TERASIL® Blue W is designed to meet all major requirements for high performance sportswear and athleisure wear.

Polyester fiber has become the fiber of choice in the textile industry, the demand for polyester and man-made fibers is expected to rise over the long term, as sports and athleisure apparel markets expand around the world. At the same time, leading brands, retailers and mills are increasingly focused on achieving brilliant and deep shades, consistent shade reproducibility, as well as water, energy and cost savings.

TERASIL® BLUE W is developed by Huntsman Textile Effects to provide the leading solution for meeting industry’s wash fastness requirements. TERASIL® BLUE W offers an attractive shade and high build-up for deep blues which stays vibrant. TERASIL® BLUE W also provides quality assurance as products are bluesign® approved and suitable for STANDARD 100 by OEKO-TEX® certified textile products.

Source:

Huntsman Corporation

TERASIL BLUE W (c) HUNTSMAN
TERASIL BLUE W
11.03.2020

HUNTSMAN TEXTILE EFFECTS INTRODUCES TERASIL® BLUE W DYE

A BREAKTHROUGH TECHNOLOGY FOR DYEING POLYESTER AND ITS BLENDS

Huntsman Textile Effects introduces TERASIL® BLUE W, the latest addition to our TERASIL® W/WW range of wash fast disperse dyes. TERASIL® Blue W is designed to meet all major requirements for high-performance sportswear and athleisure wear. TERASIL® BLUE W stands out as the leading disperse wash fast blue dye in the market which is not sensitive to reduction, leading to higher reproducibility, right-first-time results and operational excellence.

Polyester fiber has become the fiber of choice in the textile industry, the demand for polyester and man-made fibers is expected to rise over the long term, as sports and athleisure apparel markets expand around the world. At the same time, leading brands, retailers and mills are increasingly focused on achieving brilliant and deep shades, consistent shade reproducibility, as well as water, energy and cost savings.

A BREAKTHROUGH TECHNOLOGY FOR DYEING POLYESTER AND ITS BLENDS

Huntsman Textile Effects introduces TERASIL® BLUE W, the latest addition to our TERASIL® W/WW range of wash fast disperse dyes. TERASIL® Blue W is designed to meet all major requirements for high-performance sportswear and athleisure wear. TERASIL® BLUE W stands out as the leading disperse wash fast blue dye in the market which is not sensitive to reduction, leading to higher reproducibility, right-first-time results and operational excellence.

Polyester fiber has become the fiber of choice in the textile industry, the demand for polyester and man-made fibers is expected to rise over the long term, as sports and athleisure apparel markets expand around the world. At the same time, leading brands, retailers and mills are increasingly focused on achieving brilliant and deep shades, consistent shade reproducibility, as well as water, energy and cost savings.

With cutting-edge disperse dye technology at its heart, TERASIL® BLUE W is developed by Huntsman Textile Effects to provide the leading solution for meeting industry’s wash fastness requirements. TERASIL® BLUE W offers an attractive shade and high build-up for deep blues which stays vibrant. TERASIL® BLUE W also provides quality assurance as products are bluesign® approved and suitable for STANDARD 100 by OEKO-TEX® certified textile products(1).

More information:
Huntsman Textile Effects
Source:

HUNTSMAN

NCTO (c) NCTO
11.03.2020

NCTO Responds to China Commission’s Report on Forced Labor in China to Produce Global Products

National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued the following statement today in response to the Congressional-Executive Commission on China’s staff report on the forced labor of Uyghurs and other minorities in China to produce consumer products for global companies.

We share the concerns of the bipartisan China commission regarding forced labor in China that is used to produce goods for global companies. We agree with the findings and the commission’s recommendations to the administration and Congress to take action against the systemic abuse of forced labor.

As the commission’s report details, Chinese apparel exporters have clearly profited from the virtual enslavement of this minority population, and we call for continued scrutiny and the end to this exploitation of a repressed people. The commission has served a fair warning to U.S. businesses and consumers to not be complicit in these forced labor practices.

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

National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued the following statement today in response to the Congressional-Executive Commission on China’s staff report on the forced labor of Uyghurs and other minorities in China to produce consumer products for global companies.

We share the concerns of the bipartisan China commission regarding forced labor in China that is used to produce goods for global companies. We agree with the findings and the commission’s recommendations to the administration and Congress to take action against the systemic abuse of forced labor.

As the commission’s report details, Chinese apparel exporters have clearly profited from the virtual enslavement of this minority population, and we call for continued scrutiny and the end to this exploitation of a repressed people. The commission has served a fair warning to U.S. businesses and consumers to not be complicit in these forced labor practices.

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
More information:
NCTO
Source:

NCTO

TexCoat F4 Baldwin's revolutionizing Textile finishing system (c) Baldwin
TexCoat F4 Baldwin's revolutionizing Textile finishing system
11.03.2020

Baldwin to introduce TexCoat G4 fabric finishing system at Techtextil North America

Non-contact precision spray technology enhances productivity, sustainability and process control

Baldwin Technology Company Inc. has announced that it will showcase the TexCoat G4 non-contact precision spray fabric finishing system at the Techtextil North America tradeshow, held from May 12 to 14, 2020, in Atlanta (booth #3048).

With extensive sustainability benefits, unprecedented tracking and process control, and industry 4.0 integration, the TexCoat G4 provides consistently high-quality fabric finishing, with no chemistry waste, as well as minimal water and energy consumption. 

Non-contact precision spray technology enhances productivity, sustainability and process control

Baldwin Technology Company Inc. has announced that it will showcase the TexCoat G4 non-contact precision spray fabric finishing system at the Techtextil North America tradeshow, held from May 12 to 14, 2020, in Atlanta (booth #3048).

With extensive sustainability benefits, unprecedented tracking and process control, and industry 4.0 integration, the TexCoat G4 provides consistently high-quality fabric finishing, with no chemistry waste, as well as minimal water and energy consumption. 

Baldwin’s innovative non-contact spray technology eliminates chemistry dilution in wet-on-wet processes. The TexCoat G4 consistently and uniformly sprays chemistry across the fabric surface and applies it only where needed, on one or both sides of the fabric. Customers can expect no bath contamination during the finishing process, as well as minimal downtime during changeovers, which are made easy with recipe management that includes automated chemistry and coverage selection.

The TexCoat G4 also enhances sustainability by wasting no chemistry during color, fabric or chemistry changeovers, and because only the required chemistry volume is applied to the fabric, wet pick-up levels can be reduced by up to 50 percent—leading to 50 percent less water and energy consumption. Furthermore, in single-side applications, drying steps can be eliminated for various textiles, including those that are back-coated and laminated, thereby streamlining and simplifying the production process.

More information:
Baldwin
Source:

Baldwin

Stephan Trubrich neuer Vice President Capital Markets bei Lenzing
Stephan Trubrich neuer Vice President Capital Markets bei Lenzing
10.03.2020

Stephan Trubrich new Vice President Capital Markets at Lenzing

Stephan Trubrich assumed the new role as Vice President Capital Markets, effective as at March 01, 2020. In his capacity, Trubrich will oversee the Lenzing Group’s capital markets activities, including Investor Relations and ESG (Environmental, Social & Governance) Reporting. He will report directly to Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

Stephan Trubrich has more than 9 years of experience in the field of equity research with Kepler Cheuvreux, UniCredit and Deutsche Bank. For many years, he has been Austria’s top ranked equity analyst. Trubrich holds a Master’s Degree in Science in Accounting and Finance from Aston Business School, UK. He is also a CFA Charterholder.

Stephanie Kniep, Head of Investor Relations, will leave Lenzing, effective as of April 30, 2020 to pursue new endeavors.

Stephan Trubrich assumed the new role as Vice President Capital Markets, effective as at March 01, 2020. In his capacity, Trubrich will oversee the Lenzing Group’s capital markets activities, including Investor Relations and ESG (Environmental, Social & Governance) Reporting. He will report directly to Stefan Doboczky, Chief Executive Officer of the Lenzing Group.

Stephan Trubrich has more than 9 years of experience in the field of equity research with Kepler Cheuvreux, UniCredit and Deutsche Bank. For many years, he has been Austria’s top ranked equity analyst. Trubrich holds a Master’s Degree in Science in Accounting and Finance from Aston Business School, UK. He is also a CFA Charterholder.

Stephanie Kniep, Head of Investor Relations, will leave Lenzing, effective as of April 30, 2020 to pursue new endeavors.

More information:
Lenzing
Source:

Lenzing AG

Rieter: Financial Year 2019 (c) Rieter
Rieter: Financial Year 2019
10.03.2020

Rieter: Financial Year 2019

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

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

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

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

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

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

EBIT Margin, Net Profit and Free Cash Flow

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

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

More information:
Rieter
Source:

Rieter

Logo monforts
Logo monforts
09.03.2020

Monforts ATC adventures in aquaculture

Monforts has recently been involved in a number of R&D trials aimed at improving the performance of the fishing cage nets employed in fish farming operations at its Advanced Technology Centre (ATC) in Mönchengladbach, Germany.

The cultivation of both freshwater and saltwater fish populations under controlled conditions is a global industry valued at around $200 billion annually and only made possible with the use of huge aquaculture nets.

Monforts has recently been involved in a number of R&D trials aimed at improving the performance of the fishing cage nets employed in fish farming operations at its Advanced Technology Centre (ATC) in Mönchengladbach, Germany.

The cultivation of both freshwater and saltwater fish populations under controlled conditions is a global industry valued at around $200 billion annually and only made possible with the use of huge aquaculture nets.

Biofouling
“These nets are very prone to biofouling and to avoid its negative impacts, high-pressure robotic jets are now used to clean them,” explains Monforts Head of Technical Textiles Jürgen Hanel. “Net cleaning is expensive and can also damage current antifouling coatings on the nets, causing contamination as well as fish health and welfare risks.
The development of more effective antifouling coatings for fishing cage nets has been one aspect of R&D work at the Monforts ATC, while the use of how alternative fibres could potentially be coated or finished to replace the polyamide which is currently most widely used has also been explored.
The issue of plastics and synthetic fibres in the oceans has generated global media attention recently, and the aquaculture industry is exploring all avenues that will lead to more sustainable practices.

Expansions
Since its opening in 2013, over €3 million has been invested in equipment at the Monforts ATC, which over an area of 1,200 square metres houses two full finishing lines, engineered to accommodate an extremely diverse range of processes, in addition to a Thermex range for the continuous dyeing of denim.

Source:

AWOL Media

 Gilberto Calzolari look with Eco Fisset1 (c) GB Network
Gilberto Calzolari look with Eco Fisset1
04.03.2020

Italian Converter presents new materials

And finishings of the E.C.O. KOSMOS cross-collection, continuing its ethical and sustainable path and having also exclusives collaborations with international brands
Italian Converter, a leading manufacturer of innovative fabrics for fashion, footwear and accessories, expands E.C.O. Kosmos, the fully traceable, transparent and 100% Made in Italy cross-collection. The acronym E.C.O. - Ecologic, Conversion, Optimization perfectly reflects the founding values of the Italian Converter philosophy and represents a further step in the company's responsible path. E.C.O. Kosmos has also been selected to be part of C.L.A.S.S. (Creativity Lifestyle and Sustainable Synergy) and also welcomed with enthusiasm the proposal to support C.L.A.S.S. Smart Materials Bank, the educational platform and e-shop of C.L.A.S.S. designed for young designers who want to discover and experiment with innovative and sustainable textile solutions from the best manufacturers in ways suitable for their reality.

Here are some highlights of the collection:

And finishings of the E.C.O. KOSMOS cross-collection, continuing its ethical and sustainable path and having also exclusives collaborations with international brands
Italian Converter, a leading manufacturer of innovative fabrics for fashion, footwear and accessories, expands E.C.O. Kosmos, the fully traceable, transparent and 100% Made in Italy cross-collection. The acronym E.C.O. - Ecologic, Conversion, Optimization perfectly reflects the founding values of the Italian Converter philosophy and represents a further step in the company's responsible path. E.C.O. Kosmos has also been selected to be part of C.L.A.S.S. (Creativity Lifestyle and Sustainable Synergy) and also welcomed with enthusiasm the proposal to support C.L.A.S.S. Smart Materials Bank, the educational platform and e-shop of C.L.A.S.S. designed for young designers who want to discover and experiment with innovative and sustainable textile solutions from the best manufacturers in ways suitable for their reality.

Here are some highlights of the collection:

  • E.C.O. Alba – E.C.O. Aurora, fabrics made of 50% casual cotton combined with AMNI SOUL ECO ® technology.
  • E.C.O. Sonica is a semi-shiny satin with an elegant and refined appearance. the textile sector at an international level.
  • E.C.O. Aly is a vintage effect raffia, a very trendy theme right now.

 

More information:
Italian Converter
Source:

GB Network

Autoneum (c) autoneum
Autoneum
04.03.2020

Autoneum: Report on financial year 2019

Net result impacted by operating losses and high impairments in North America

In 2019, Autoneum grew organically by 2.5% and has thereby significantly outperformed the declining market. In Swiss francs, revenue rose slightly to CHF 2 297.4 million. However, as previously communicated, operational inefficiencies in North America and impairments on fixed assets in that region had a particularly strong impact on profitability and led to a net loss of CHF –77.7 million. The Board of Directors therefore proposes that no dividend bedistributed for the 2019 financial year. Based on the new turnaround program launched in North America at the beginning of this year, significant profitability increases are expected for 2020.

Net result impacted by operating losses and high impairments in North America

In 2019, Autoneum grew organically by 2.5% and has thereby significantly outperformed the declining market. In Swiss francs, revenue rose slightly to CHF 2 297.4 million. However, as previously communicated, operational inefficiencies in North America and impairments on fixed assets in that region had a particularly strong impact on profitability and led to a net loss of CHF –77.7 million. The Board of Directors therefore proposes that no dividend bedistributed for the 2019 financial year. Based on the new turnaround program launched in North America at the beginning of this year, significant profitability increases are expected for 2020.

2019 was an extremely challenging year for the automobile industry. The continuing weakness of the global economy, ongoing trade disputes and the increasing regulation of mobility impacted vehicle demand negatively. But 2019 was also a year of change for Autoneum internally. An in-depth analysis carried out by the new Group Management in the fall showed a need to reevaluate the Group’s performance over the short- to medium-term. In Business Group North America, the operational and commercial problems have proven more extensive than originally assumed. As a result, the turnaround program launched in spring 2019 was replaced at the beginning of 2020 with a dedicated and far more comprehensive program for the North American sites.

Revenue growth despite a shrinking global market
As a result of weak demand, the number of light vehicles produced worldwide fell again sharply in 2019 compared to the previous year; whereby the decline of almost –6% was much steeper than in 2018. Thanks to numerous production ramp-ups and a favorable model portfolio, Autoneum generated organic revenue growth1 of 2.5%, despite the global market cooling. Revenue consolidated in Swiss francs rose by 0.7% from CHF 2 281.5 million to CHF 2 297.4 million.

Profitability2 impacted by operational inefficiencies and impairments
Operational inefficiencies in North America and impairments on fixed assets in this region were the main reason for the – first-ever – negative net result in 2019. In addition, the sharp drop in automobile production in Europe and China as well as associated lower utilization of production capacities in the affected Business Groups also burdened the Group’s profitability. EBITDA excluding IFRS 16 effects decreased to CHF 126.0 million (2018: CHF 197.2 million), which corresponds to an EBITDA margin of 5.5% (2018: 8.6%). One-time charges from impairments in the amount of CHF –68.0 million had a negative impact on EBIT, reducing it to CHF –32.9 million (2018: CHF 114.1 million). Without these one-time charges, EBIT amounted to CHF 35.0 million. The EBIT margin 1 Change in revenue in local currencies, adjusted for hyperinflation. 2 The figures for the 2019 financial year include IFRS 16 effects. Autoneum Management Ltd . Media Release . March 4, 2020 Page 2/5 excluding impairments was at 1.5% in 2019, and taking those into account the margin decreased to –1.4% (2018: 5.0%).

 

More information:
Autoneum
Source:

autoneum

Simian Chooses Kornit Atlas for Scaling of Direct-to-Garment Apparel Decoration (c) Kornit Atlas
Simian Chooses Kornit Atlas for Scaling of Direct-to-Garment Apparel Decoration
03.03.2020

Simian Chooses Kornit Atlas for Scaling of Direct-to-Garment Apparel Decoration

Netherlands-based operation expands on-demand garment decoration capabilities

Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announces Netherlands-based Simian, an online total print provider to more than half a million businesses and end-consumers, is implementing the Kornit Atlas digital direct-to-garment (DTG) system to increase its capacity for delivering sustainable, retail-ready decorated apparel on demand. Simian is the parent company of online print providing sites Reclameland, Drukland, and Flyerzone.

Netherlands-based operation expands on-demand garment decoration capabilities

Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announces Netherlands-based Simian, an online total print provider to more than half a million businesses and end-consumers, is implementing the Kornit Atlas digital direct-to-garment (DTG) system to increase its capacity for delivering sustainable, retail-ready decorated apparel on demand. Simian is the parent company of online print providing sites Reclameland, Drukland, and Flyerzone.

Having established itself as a total print solutions provider for signage, banners, posters, flags, and other digitally printed textiles, Simian first entered the decorated apparel market by implementing two entry-level, single-pallet DTG systems. Kornit Atlas, which can imprint more than a thousand garments per day with a single operator, will enable them to increase capacity to accommodate ongoing growth in this line of business.
Offering lower total cost of ownership than other DTG systems, Atlas meets the retail quality, wash and light fastness, and sustainability standards of the world’s largest apparel brands. Simian will use the system for nontoxic decoration of baby apparel and accessories, in addition to t-shirts, polos, sweaters, vests, and tote bags.

 

More information:
Kornit Digital Simian
Source:

PR4U

Compact II (c) Owl Media
Compact II
03.03.2020

Eltex of Sweden AB reports success with its Eye Compact II yarn

A close eye on quality with the Eye Compact II

Eltex of Sweden AB, a member of TMAS, the Swedish textile machinery association, reports solid success with its Eye Compact II yarn monitoring system for carpet tufting machines, since its launch at ITMA 2019 in Barcelona last June.

The sensor units of the Eye Compact II,Brian Hicks, Eltex CEO explains, have been successfully miniaturised to approximately a third of the size of those with the established Compact system, allowing them to be mounted on the very latest high speed tufting machines that are graphics driven, with limited space at the puller rollers.

Early stage prevention
Unlike the sensor systems that are employed at later positions on tufting machines – in order to detect faults in the formed fabric – Eye Compact II technology is about prevention at an earlier stage, through the detection of missing yarns.

A close eye on quality with the Eye Compact II

Eltex of Sweden AB, a member of TMAS, the Swedish textile machinery association, reports solid success with its Eye Compact II yarn monitoring system for carpet tufting machines, since its launch at ITMA 2019 in Barcelona last June.

The sensor units of the Eye Compact II,Brian Hicks, Eltex CEO explains, have been successfully miniaturised to approximately a third of the size of those with the established Compact system, allowing them to be mounted on the very latest high speed tufting machines that are graphics driven, with limited space at the puller rollers.

Early stage prevention
Unlike the sensor systems that are employed at later positions on tufting machines – in order to detect faults in the formed fabric – Eye Compact II technology is about prevention at an earlier stage, through the detection of missing yarns.

Critically, the sensors need to be installed after the last puller roller and before the tufting needles, because otherwise the roller could still be feeding yarns that will not been successfully taken by the needles. This is only possible with the extremely slim Eye Compact II units, which can also be positioned either above or below the rollers.

Guarantee
Another benefit is that the sensors can be arranged more closely together, with each of them monitoring 16 yarn positions, and their robustness ensures that once fitted, there is little the technicians or operators need to do.

Automatic
The Eye Compact II system easily learns pattern changes and displays the number of yarns involved to the operator for confirmation, and different parameters for different yarns groups can also even be set if required. With its research and development work primarily carried out at its headquarters in Osby, Sweden, and North American sales and service operated from its subsidiary in South Carolina, the manufacturing plant of Eltex has been located at Templemore in Ireland since 1976, providing significant advantages in terms of high flexibility and logistical services to customers on both sides of the Atlantic.

 

More information:
Eltex of Sweden AB TMAS
Source:

Owl Media

PINKO expandiert in den koreanischen Markt
PINKO expandiert in den koreanischen Markt
02.03.2020

PINKO enters Korean market

In keeping with the brand’s internationalization strategy, Pinko is glad to announce an ambitious retail expansion plan in the Korean market.
The first phase of this retail project, developed in collaboration with Mitsui & Co. Italia and La Pace as local partner, saw the opening of two stores located inside two of the most important and prestigious Korean duty free shopping destinations.

The first Pinko shop in Korea opened its doors at the end of January at Seoul’s Shilla Duty Free Downtown Store, which houses the boutiques of the most prestigious global luxury brands. The inauguration of the second Pinko store in Korea was celebrated with an opening party on Feb. 20. This store is located in Seoul at the Hyundai Department Store Duty Free Dongdaemun, one of the most important Korean touristic attractions at day and night, thanks to its wide offering of merchan-dising categories, spanning from international luxury and fashion items to the highly popular Made in Korea beauty products.

In keeping with the brand’s internationalization strategy, Pinko is glad to announce an ambitious retail expansion plan in the Korean market.
The first phase of this retail project, developed in collaboration with Mitsui & Co. Italia and La Pace as local partner, saw the opening of two stores located inside two of the most important and prestigious Korean duty free shopping destinations.

The first Pinko shop in Korea opened its doors at the end of January at Seoul’s Shilla Duty Free Downtown Store, which houses the boutiques of the most prestigious global luxury brands. The inauguration of the second Pinko store in Korea was celebrated with an opening party on Feb. 20. This store is located in Seoul at the Hyundai Department Store Duty Free Dongdaemun, one of the most important Korean touristic attractions at day and night, thanks to its wide offering of merchan-dising categories, spanning from international luxury and fashion items to the highly popular Made in Korea beauty products.

Pinko’s retail expansion plan in the Korean market also includes the opening of two new stores by the end of 2020, while the company aims to operate a total of 14 boutiques, 6 inside department stores and 8 at Duty Free destinations, within three years.

More information:
PINKO
Source:

NETWORK PUBLIC RELATIONS

02.03.2020

TESCA announces the acquisition of Willy SCHMITZ

TESCA and Willy SCHMITZ announce that they have closed a transaction whereby TESCA is acquiring the business of Willy SCHMITZ and its operations, located in Germany.

TESCA, headquartered in Paris France, is a major supplier of automotive fabrics, value added textile parts and seating components. TESCA employs 3,500 people and operate 22 facilities globally.

Willy SCHMITZ, headquartered in Monchengladbach, Germany is a major supplier of fabrics to the German automotive manufacturers, but also to other industries, including via its affiliated company OGUS. Willy SCHMITZ employs 150 people and operates in two facilities in Germany.

“The TESCA and Willy SCHMITZ businesses are very complementary in terms of customer interface and geography”, said Carl de Freitas, TESCA CEO. “Merging our activities will provide a broader more efficient platform to support our customers globally.”

TESCA and Willy SCHMITZ announce that they have closed a transaction whereby TESCA is acquiring the business of Willy SCHMITZ and its operations, located in Germany.

TESCA, headquartered in Paris France, is a major supplier of automotive fabrics, value added textile parts and seating components. TESCA employs 3,500 people and operate 22 facilities globally.

Willy SCHMITZ, headquartered in Monchengladbach, Germany is a major supplier of fabrics to the German automotive manufacturers, but also to other industries, including via its affiliated company OGUS. Willy SCHMITZ employs 150 people and operates in two facilities in Germany.

“The TESCA and Willy SCHMITZ businesses are very complementary in terms of customer interface and geography”, said Carl de Freitas, TESCA CEO. “Merging our activities will provide a broader more efficient platform to support our customers globally.”

More information:
Tesca Willy Schmitz GmbH Ogus Netze
Source:

Agence Apoce

Trevira CS sample wall in the special exhibition "Textile Future by Trevira CS“ (c) Trevira
Trevira CS sample wall in the special exhibition "Textile Future by Trevira CS“
28.02.2020

Trevira at BCFA Open Berlin

Trevira will be joining the first BCFA Open Berlin pop-up exhibition, which will be held at the British Embassy on 6 May at the same time of Berlin Design Week (4 – 10 May 2020). The one-day fair is being organised by the British Contract Furnishing Association (BCFA), and members of the association will have the opportunity to display their products in the atrium of the post-modern embassy building.  

At the exhibition, specially invited interior designers and furnishers, along with purchasers from the contract market, will be able to find out more about the collections and products of high-end British manufacturers and textile houses, and attend interesting talks by two top specialists of the sector.

Trevira will be joining the first BCFA Open Berlin pop-up exhibition, which will be held at the British Embassy on 6 May at the same time of Berlin Design Week (4 – 10 May 2020). The one-day fair is being organised by the British Contract Furnishing Association (BCFA), and members of the association will have the opportunity to display their products in the atrium of the post-modern embassy building.  

At the exhibition, specially invited interior designers and furnishers, along with purchasers from the contract market, will be able to find out more about the collections and products of high-end British manufacturers and textile houses, and attend interesting talks by two top specialists of the sector.

Trevira will be showing a selection of Trevira CS fabrics which were on display earlier this year at the Heimtextil 2020, where they featured in the special exhibition ‘Textile Future by Trevira CS’. These fabrics are permanently flame retardant and can be deployed in a wide range of applications, as Berlin design company studio aisslinger impressively showed in the exhibition at the Trevira stand. For the Heimtextil fair, the prestigious studio aisslinger design team worked together with Trevira, creating a concept that revealed just how attractive and playful Trevira CS fabrics can be in a variety of settings on the contract market, including hospitality, healthcare, workspaces, public spaces and transport.

Designers and architects who are interested in taking part in the event are welcome to register their details with Trevira.

 

More information:
Trevira BCFA
Source:

Trevira