From the Sector

• All motions approved

The Corona Virus also had an impact on the 131st Annual General Meeting of Rieter Holding Ltd., Winterthur, on Thursday, April 7, 2022.

Based on Article 27 of Regulation 3 on measures to combat the Corona Virus (COVID-19), the Board of Directors of Rieter Holding Ltd. decided that shareholders can exercise their voting rights exclusively by authorizing the independent proxy. Shareholders therefore could not attend the Annual General Meeting in person. The Annual General Meeting was held on the premises of Rieter Holding Ltd. at the company’s headquarters in Winterthur.

At the Annual General Meeting of Rieter Holding Ltd. on April 7, 2022, the independent proxy represented a total of 1 986 shareholders who hold 64.4% of the share capital.

The shareholders approved the proposal of the Board of Directors to distribute a dividend of CHF 4.00 per share. In addition, they approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for fiscal year 2023.

The Chairman of the Board, Bernhard Jucker, and the members of the Board of Directors Hans-Peter Schwald, Peter Spuhler, Roger Baillod and Carl Illi were confirmed for an additional one-year term of office. Sarah Kreienbühl and Daniel Grieder were newly elected to the Board of Directors for a one-year term of office.

Furthermore, Hans-Peter Schwald and Bernhard Jucker, the members of the Remuneration Committee who were standing for election, were also each re-elected for a one-year term of office. Sarah Kreienbühl was newly elected to the Remuneration Committee and is taking over the chair.

Shareholders also adopted all other motions proposed by the Board of Directors, namely the approval of the annual report, the financial statements and the consolidated financial statements for 2021, and formal approval of the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review. In addition, the authorized capital was extended for a further two years.

• Participants Embrace Renewed Face-to-Face Business with Global Leaders in Nonwovens & Engineered Materials at IDEA® 2022 and FiltXPO™

Approximately 5,000 participants embraced the opportunity to again engage in face-to-face business meetings with global leaders in nonwovens and engineered materials at IDEA® 2022 in Miami Beach, Fla., co-located with the second FiltXPO™,  North American’s only exhibition and conference dedicated exclusively to filtration and separation.

Industry participants at IDEA® 2022,  the 21 st edition of the world’s preeminent event for nonwovens and engineered fabric professionals, expressed their business confidence through the floor exhibits and the return to face-to-face business interaction. Scott Beir, Executive Officer, CFM Global, called IDEA® 2022 “an exceptional show.”

Bob Usher, Technical Director, US Fibers, added that his company made valuable business connections. According to Rolk Kammermann, Head of Sales and Marketing, Innovative Swiss Made Nonwovens, “the size and scope of IDEA and FiltXPO have been excellent for us as both exhibitors and as visitors.”

Organized by INDA, IDEA® also featured five essential nonwovens training classes; market presentations from China, Asia, Europe, North America and South America; industry recognitions with the IDEA® Achievement Awards and the IDEA® Lifetime Achievement Awards; and a welcome reception celebration.

Also, organized by INDA, FiltXPO™ featured five panels of global leaders in filtration and separation for the first-ever “Summit for Global Change,” discussing societal challenges such as indoor air quality, environmental sustainability, pandemic readiness, clean water, and filtration standards.  The event also featured a 1.5-day filter media training course, and sessions highlighting filter media market trends and filtration industry statistics.  

Exhibitors and attendees noted the welcome return to meeting face-to-face among industry senior leaders participating in the three-day event.

A highlight of IDEA® was the announcement of the IDEA® Achievement Awards by INDA, in partnership with Nonwovens Industry magazine. Moderated by Rousse and Karen McIntyre, Editor, Nonwovens Industry the awards recognize the leading introductions in equipment, raw materials, short-life, long-life and nonwovens products, and sustainability, since the previous IDEA® Exposition in 2019.

In addition, INDA presented the IDEA® 2022 Lifetime Achievement Award to Val Hollingsworth, board chair and CEO of Hollingsworth & Vose, and Nonwovens Industry presented the IDEA® Entrepreneur Achievement Award to Doug Brown, president of Biax-Fiberfilm/5K Fibres at the event.

IDEA® 2022 Achievement Awards winners:

• IDEA®  Equipment Achievement Award – Elastic Thread Anchoring (ETA) Sonotrode – Herrmann Ultrasonics, Inc.
• IDEA®  Raw Material Achievement Award – ODOGard – Rem Brands, Inc.
• IDEA® Short-Life Product Achievement Award – LifeSavers Wipes – LifeSavers LLC
• IDEA® Long-Life Product Achievement Award – Nanofiber Cabin Air Filter – MANN + HUMMEL GmbH
• IDEA®  Sustainability Advancement Award – Fiber-based Screw Caps – Glatfelter Corp. and Blue Ocean Closures
• IDEA®  Nonwoven Product Achievement Award – HYDRASPUN® Aquaflo – Sustainable Nonwoven Substrates – Suominen Corporation
• IDEA®, the Preeminent Event for the Nonwovens & Engineered Fabrics Industry, will next be held on its new 24-month schedule on April 23-25, 2024 in Miami Beach, Florida.

Names of the IDEA® Achievement Award honorees pictured:

Row 1, Left to right:
IDEA® Long-Life Product Achievement Award winner, Jon Nichols, MANN + HUMMEL, GmbH and Dave Rousse – Nanofiber Cabin Air Filter – MANN + HUMMEL, GmbH
IDEA®  Nonwoven Product Achievement Award winners, Pramod Shanbhag, Suominen Corporation, Karen McIntyre, Nonwovens Industry Magazine, and Avinav Nandgaonkar, HYDRASPUN® Aquaflo – Sustainable Nonwoven Substrates – Suominen Corporation
Row 2, left to right:
IDEA® Short-Life Product Achievement Award winner, Georgia Crawford, LifeSavers Wipes – LifeSavers LLC, and Karen McIntyre, Nonwovens Industry Magazine
IDEA® 2022 Lifetime Achievement Award winner, Val Hollingsworth, Hollingsworth & Vose, and Dave Rousse, President, INDA
IDEA®  Equipment Achievement Award winners, Uwe Peregi, Dave Rousse, and Thomas Herrmann – Elastic Thread Anchoring (ETA) Sonotrode – Herrmann Ultrasonics Inc.
Row 3, left to right:
IDEA®  Raw Material Achievement Award winner, David Schneider, ODOGard – Rem Brands, Inc. and Dave Rousse, INDA
IDEA®  Sustainability Advancement Award winner, Chris Astley, and Karen McIntyre Fiber-based Screw Caps – Glatfelter Corp. and Blue Ocean Closures
IDEA® Entrepreneur Achievement Award winner, Doug Brown, Biax-Fiberfilm / 5K Fibres

• Kornit Digital Introduces High-Volume Digital Production Solution for Vibrant Decorative Designs on Polyester and Polyester-Blended Apparel
• Kornit Atlas MAX Poly to Transform Professional and Recreational Sportswear, Teamwear, and Sports Brands; Injecting Life into Apparel with Power of Design Across Full Color Gamut

Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production, introduced today its distinctive Kornit Atlas MAX Poly system – an industry-first direct-to-garment (DTG) solution delivering superior-quality digital decoration for vibrant, colorful design on polyester and poly-blended apparel.

Kornit’s Atlas MAX Poly capitalizes on the demand for fashionable, unique sportswear and apparel. As the industry emerges from a post-pandemic environment in which athletic and leisurewear became mainstream, there is increasing demand for apparel combining polyester and poly-blends with vivid designs across a range of colors. Atlas MAX Poly can transform the multi-billion-dollar professional and recreational sports apparel and teamwear markets, limited today by limitations in mass customization of polyester.

“Kornit Atlas MAX Poly is a game-changer,” said Omer Kulka, Chief Marketing Officer at Kornit Digital. “As fashion and sports apparel merge, there’s new opportunity for innovative fashion on polyester, currently the fastest-growing textile vertical. For the first time, recreational sportswear, promotional, and sports brands can embrace vibrant and colorful design with Kornit’s proven MAX technology – setting superior quality standards for on-demand production previously not possible.”

Unveiled during Kornit Fashion Week Tel Aviv 2022, Atlas MAX Poly incorporates Kornit’s field-proven MAX technology for high-quality premium decoration, process automation, and smart autonomous quality control. With Kornit’s XDi decorative applications, Atlas MAX Poly enables endless designs and creativity on polyester, and empowers new styles for multiple effects and unlimited combinations such as emulating threadless embroidery, high-density vinyl, screen transfer emulations, and 3D effects.

The solution is compatible with mesh and plain fabrics, including brushed polyester, while maintaining durability and breathability. It brings the highest throughput for on-demand polyester decoration, reducing total cost of ownership to drive profitability. Customers gain competitive advantage via Pantone color-matching and a wide color gamut including neon colors for bright and vibrant impressions, using single-step mechanisms minimizing production footprints while maximizing versatility.

Beyond superior quality, graphics, color, and application variety, Kornit Atlas MAX Poly offers efficient, reliable, profitable end-to-end polyester production via:

• Kornit’s ActiveLoad automated garment-loading and pallet adjustment for repeatable, high-quality output with minimal errors reducing time and waste, eliminating operator ramp-up and boosting throughput up to 20%.
• Seamless integration with KornitX Global Fulfillment Network, enabling a pixel-to-parcel-to-doorstep experience. This unleashes untapped demand for polyester short-run production, personalization, and disruptive direct-to-fan and direct-to-recreational business models.
• Integration with KornitX’s workflow ecosystem and Kornit Konnect™ dashboard, optimizing process visibility and control, adding data-driven insights for production floor efficiencies.

The winner of the IMAGINING SUSTAINABLE FASHION competition was announced during a webinar broadcast on March 30 at 4pm attended by Giusy Bettoni, CEO of C.L.A.S.S. Eco Hub, Anna Detheridge, President of Connecting Cultures, Dio Kurazawa, Founding Partner of The Bear Scouts, Stefania Ricci, Director of the Salvatore Ferragamo Museum.
 
Vishal Tolambia, 24, a graduate with an MA in Fashion Futures from the London College of Fashion and in Fashion Design from the National Institute of Fashion Technology India, is a Fashion Sustainability researcher and a multidisciplinary designer. In 2021, Vishal founded the organization Humanity-Centred Designs (HCD) with the aim of transforming "human-centred design into humanity-centred designs through sustainable practices to foster the Fashion Industry."
 
In his communication project, the "Fashion Affair" video proposes a speculative view of fashion dating - derived from dating apps - a tool to effectively evaluate brands and their products, in the form of augmented reality. The consumer is not only informed in real time about the brand and supply chain, but the app also becomes a platform for matching products based on individual sustainability goals and commitments. "Fashion Affair" also won the special social media contest open to the public among the finalists selected by the jury for being the most voted project by Instagram followers on C.L.A.S.S.' profile.
 
Vishal ranked first among the finalists selected by the international jury composed of:
- Anna Detheridge, Founder and President, Connecting Cultures
- Giusy Bettoni, CEO and Founder, C.L.A.S.S.
- Rita Airaghi, Director, Gianfranco Ferré Research Center            
- Paola Arosio, Head of New Brands & Sustainability Projects, Camera Nazionale della Moda Italiana (The National Chamber for Italian Fashion)
- Jeanine Ballone, Managing Director, Fashion 4 Development
- Evie Evangelou, Founder and President, Fashion 4 Development
- Chiara Luisi, Sustainability Projects Coordinator, Camera Nazionale della Moda Italiana (The National Chamber for Italian Fashion)
- Sara Kozlowski, Director of Education and Sustainable Strategies, Council of Fashion Designers of America
- Dio Kurazawa, Founding Partner, The Bear Scouts
- Renata Molho, journalist and fashion writer, former editor-in-chief of L'Uomo Vogue and editor-at-large of L'Uomo Vogue, Vogue Italia, Casa Vogue
- Stefania Ricci, Director, Salvatore Ferragamo Museum.

• The plan for the reference plant is to be operational in 2025 in France (Longlaville) with a processing capacity of 50.000 tons of PET waste per year and creating 150 direct and indirect new jobs.
• Indorama Ventures, the world’s largest producer of recycled PET for beverage bottles, plans to co-invest in this project3 and will consider expanding Carbios’ unique biological recycling process at other PET sites4 for future developments.
• This strategic project is strongly supported by the French Government and the Grand-Est Region, with significant non-dilutive financing.

Carbios (Euronext Growth Paris: ALCRB), a pioneer in the development of enzymatic solutions dedicated to the end-of-life of plastic and textile polymers and Indorama Ventures (Bloomberg ticker: IVL.TB), one of the world-leading PET manufacturer, jointly announced a collaboration to build a manufacturing plant operating Carbios’ PET bio-recycling technology at Indorama Ventures’ PET production site in France (Longlaville, Meurthe-et-Moselle).

After having successfully started-up its demonstration plant in Clermont-Ferrand, Carbios is moving one step further towards the industrialization and commercialization by partnering with Indorama Ventures. The goal is to build and operate in France the world’s first industrial-scale enzymatic PET bio-recycling plant, with a processing capacity estimated at ca. 50.000 tons of post-consumer PET waste per year, equivalent to 2 billion PET bottles or 2.5 billion PET trays.

The capital investment required for the project is expected to be around €150 million for Carbios core technology, including in particular an additional purification step, which has been integrated into the process. In addition, an estimated €50 million investment will be allocated for the infrastructure preparation of the site. The project is expected to create approximatively 150 direct and indirect full-time jobs. In the coming months, Carbios expects to finalize a strong non-dilutive financial support from French Government and from the Grand-Est Region5, based on the offer received last week by Carbios, from the Minister of Industry, Agnès Pannier-Runacher and the President of Grand-Est Region, Jean Rottner.

This financial support will be conditional on the notification to the European Commission and on contractualization by French authorities. Carbios announced in its half-year results on the 30th September 2021 a cash position of €112 million. Since then, Carbios has also secured a €30 million loan from EIB.

With new translucent paper Crystalcon, Sappi is adding another innovative product to its range of sustainable packaging papers. Used in combination with Sappi’s heat-sealable Seal Silk, the new paper delivers a recyclable, easy-to-implement packaging solution for a variety of food and non-food applications.

• Crystalcon’s translucence allows consumers a direct view of the package content
• No additional converting or finishing of the papers is required
• From confectionery to envelopes and magazines, this is a sustainable packaging solution suitable for both food and non-food applications

Manufacturers are currently facing twin challenges: consumers are increasingly demanding more sustainable packaging solutions, but they also want to be able to examine product contents when walking through supermarket aisles. Currently, film is often used in whole or in part for such packaging.

A sustainable packaging solution
The combination of Crystalcon with Sappi Seal Silk, from Sappi’s innovative Functional Paper Packaging division, offers a highly sustainable packaging solution. The Seal papers feature excellent heat-sealing properties and are recyclable through standard paper disposal systems. Meanwhile, the new translucent Crystalcon paper can be easily sealed onto Sappi Seal. The result is that this fast and sustainable packaging solution is well suited to both food and non-food applications.

Crystalcon is an uncoated, compostable translucent paper. Although not completely transparent, it allows sufficient visibility for consumers to examine the packaged product. From noodles and rice to magazines, viewing windows in envelopes or sales packaging for greeting cards, the possible applications are numerous.

BB Engineering GmbH (Germany), a subsidiary of Oerlikon Textile, is pleased to announce that Thai Polyester Co., Ltd (Thailand) has placed a major order for four VacuFil systems for recycling bottle flakes with connected direct spinning. The polyester manufacturer, established in 2001 and with an overall annual capacity of 316,800 tons, is one of Thailand’s leading producers and exclusively uses German technology. To this end, the company already operates Oerlikon Barmag and Oerlikon Neumag systems. The BB Engineer-ing VacuFil systems will be deployed to convert existing spinning plant equipment from processing polyester to processing PET bottle flakes without loss of performance.

BB Engineering supplies the complete recycling process – from the drying stage and extrusion, all the way through to the spinning plant-appropriate fine filtration stage. Thanks to decades of experi-ence in spinning plant technology, the German machine construc-tor also provides comprehensive spinning plant know-how and is aware of how the recycling process must be designed to ensure that the product manufactured using the spinning plant ultimately has the right quality. The four new VacuFil systems will be integrated into the existing building infrastructure and process landscape at Thai Polyester, with a total output of approx. 4,000 kg/h. The Vacu-Fil systems will be complemented by BB Engineering 3DD mixers for directly feeding dyes into the recycled melt flow. Commissioning has been scheduled for 2023.

Thai Polyester will be using the new VacuFil systems to manufac-ture its ‘EcoTPC’ recycling-brand yarns. 100% of these polyester yarns are produced from bottle, fiber and yarn waste and are all GRS certified.

The shareholders of Autoneum Holding Ltd approved all proposals of the Board of Directors at today’s Annual General Meeting and agreed to the proposed dividend of CHF 1.50 per share. Norbert Indlekofer becomes a new member of the Compensation Committee following the previously announced departure of This E. Schneider.

In accordance with Ordinance 3 on Measures to Combat the Coronavirus (COVID-19), the Board of Directors of Autoneum Holding Ltd decided to hold the 2022 Annual General Meeting without the physical presence of the shareholders. For this reason, the Company asked them in advance to exercise their rights exclusively through the independent voting proxy. He represented 66.9% of a total of 4 672 363 shares.

The shareholders approved the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements for 2021 as well as the proposed appropriation of available earnings. A dividend of CHF 1.50 per registered share will be paid out as of March 29, 2022. This corresponds to a distribution of around CHF 7 million, or around 30% of the consolidated profit attributable to Autoneum shareholders.

Hans-Peter Schwald, Chairman of the Board of Directors, emphasized in his video message that the return to profitability and the distribution of a dividend are to be viewed as a positive sign and a success, especially given the challenging environment. CEO Matthias Holzammer, for his part, indicated how important the corporate strategy is for the ongoing and future success of the Company and how it was implemented last year. In addition, he highlighted that through its own strengths Autoneum had managed to improve its operating result in all four regions and to position itself well for the future.

Chairman Hans-Peter Schwald and the other members of the Board of Directors Rainer Schmückle, Liane Hirner, Norbert Indlekofer, Michael Pieper, Oliver Streuli and Ferdinand Stutz were confirmed in office for another year. Hans-Peter Schwald, Ferdinand Stutz and Oliver Streuli were re-elected to the Compensation Committee. Newly elected to the Compensation Committee was Norbert Indlekofer.

Looking back, 2021 was a positive year for the Albstadt-based circular knitting machine and braiding machine manufacturer Mayer & Cie. After two tough years, sales exceeded Euro 100 million again last year, and the outlook for this year is promising, with production working at long-term full capacity in the circular knitting machine sector.

In order to maintain its market edge Mayer & Cie. continues to rely on digitisation of both its processes and its products. Substantial investment at its headquarters location, especially in machinery, is on the Mayer & Cie. agenda for 2022. In the years ahead a range of production machinery – lathes, gear cutting and grinding machines – is to be replaced at a scheduled cost running into low double-digit millions. Last year saw an investment in a robot-controlled laser hardening system for heat-treating machine components. The company passes an energy upgrade milestone these days with launching its new CHP cogeneration units.  
 
“Compared with 2020, our Group sales were up by about 40 per cent in 2021,” said Mayer & Cie. Managing Director Benjamin Mayer. After two difficult years in 2019 and 2020 the circular knitting machine manufacturer was able last year to restore sales to a stable level of about 103 million Euro. And it could have achieved an even better result. “Supply chain problems hampered production perceptibly,” the company’s managing director said. “In view of the order situation up to five per cent more might have been possible.” The Albstadt textile machinery manufacturer’s order position has stayed at a sound, high level since the fourth quarter of 2020, and orders in hand will already keep the circular knitting machine division busy until the end of the year, with orders coming in from all over the world, but especially, and with no change, from the company’s core markets Turkey, China and India.

The Management views with concern, however, the conflict in the Ukraine, which at first glance may not affect the sales market directly but might lead to general purchasing restraint in the capital goods sector that like the trade war between the United States and China, which began in 2018, would also affect Mayer & Cie. In addition, effects of the conflict such as high energy prices and interruptions in material supplies and logistics pose a genuine challenge in the further course of the year.

In the braiding machine division, the order position recovered in 2021. Sales of new machines and, especially, spare parts exceeded the 2020 figures significantly. Mayer & Cie. has once more won an award for its in-house and external digitisation measures as one of the most innovative German SMEs. The textile machinery manufacturer won a 2022 Top 100 award for its innovative processes in particular.

• DUARTE  brings on the runway its SEASON 2 “Eco-Street Dance” collection

By mixing C.L.A.S.S. responsible materials, colorful prints, urban feels and artistic inspiration, the Portuguese streetwear brand creates a new style and a clear yet cool message for conscious fashion consumers.  The rewarded 2021 C.L.A.S.S. Icon Award Portuguese brand Duarte is ready to presents its Fall/Winter 2022/23 collection developed in collaboration with C.L.A.S.S. Eco Hub at ModaLisboa after a first presentation at Milan Fashion Week. From February 24th until 27th, Duarte’s creations have been featured as a special project at WSM (WHITE Sustainable Milano) platform space inside “Unveiling the fashion Backstage”, a docu-event focusing on an immersive journey into the amazing world of premium and smart supply chains that make innovative and responsible fashion wardrobes a reality.

For its second collection Duarte still counts on C.L.A.S.S. support in sourcing materials and communication activities as part of the Icon Award yearly program. The streetwear designer Ana Duarte, with the help of the Milanese hub, is back with a renewed collection that counts 40 pieces continuing the concept and the story behind the previous World Keeper: the irresistible superhero Tadao - Ana Duarte’s dog – fighting against the environmental issues created by mankind and personified as Smog Man (air pollution), Fire Man (climate change), Deforestation Man (forests destruction) and Wave Man (water overconsumption). 

This time the inspiration is also Street Dance drawn directly from the city streets, with majorly unisex pieces (apart from some small specific details linked to sizes or ergonomics) and materials that both respect the planet and keep you warm. The prints drawn from ripped posters giving birth to a sort of new style that we can name “Eco-Street Dance”. The color palette explores the dark shades of grey, cream, blue and black, with artistic pops of color of a hopeful urban culture that tears apart posters from the past and turns them into a new brighter story. 

Talking about materials, the collection presents a selection of urban pieces for everyday superheroes, fighting against environmental issues - with a holistic approach to sustainability values thanks to the synergy with C.L.A.S.S. and its Back in the Loop area: a section dedicated to alternative and sustainable sourcing against the massive amount of materials and textiles produced that are not used and discarded by the fashion system. This is mostly powered by MAEBA International - and its ReLiveTex® fabrics - leader in selecting and repurposing premium Italian fabrics with exceptional 60 years of expertise in collecting high quality materials from leading brands and textile manufacturers, and the first company at an international level to be accredited for the UNI EN ISO 14021 certification which grants the traceability of the collected materials.

The linings complete the full sustainable picture, thanks to Bemberg™ by Asahi Kasei fabrics by Gianni Crespi Foderami. Bemberg™ is a new generation material made from the smart-tech transformation of cotton linter pre-consumer material, converted through a traceable and transparent closed loop process. Entirely made in Japan, it comes with Compostability and Ecotoxicity Certifications verified by Innovhub SSI, RCS, OEKOTEX® Standard 100 and the Eco Mark certifications. The factory is ISO 14001 certified, too.