From the Sector

With “Acoustic Garage”, Autoneum launches an online configurator for the acoustic management of vehicles as the first automotive supplier worldwide ever. The portal offers a comprehensive information and product experience on all aspects of noise protection in cars. In addition, users can customize various acoustic components according to their individual requirements. In this way, Autoneum supports vehicle manufacturers in ensuring optimal acoustics in future models. Acoustic Garage is now available for free at acoustics.autoneum.com.

Autoneum not only sets benchmarks in automotive noise and heat protection with its innovative components and technologies, but now also with its online application Acoustic Garage. The new and especially user-friendly configurator allows interested parties – whether customers, science representatives or end consumers – to design a customized noise protection package at the touch of a button.

Young, all-Italian dream-team will lead Pinko to a next level

Pinko looks ahead. Evolution & revolution are the keywords for the new management’s strategies. For the first time, President Pietro Negra will be supported by an all-Italian young team to build the success of the brand from now on. Research and innovation have always been part of the Pinko DNA: once again, they lead the path to cutting edge management.

The Pinko family grows with figures fully trained in the realms of fashion, luxury and retail, the actual Pinko R-evolution kickstart. “We pondered on Pinko’s future,” says Pietro Negra, President of Cris Conf in Fidenza (Parma), which he founded with his wife Cristina Negra and which controls Pinko. “This is just the beginning of a bigger project to be disclosed step by step in the next few months. The company turnover is a crucial point for any family business willing to preserve its independence. We believe in the power of younger generations. Therefore we created an all-Italian team to boost an already successful business model.”

Federico Bonelli, with experiences in Ernst & Young, The Boston Consulting Group and Bain & Company has been appointed General Manager. Emanuele Bianchi, previously in Diesel Coccinelle and Dolce & Gabbana, takes on as Marketing & Communication Director. Cecilia and Caterina Negra, the founders’ daughters and pivotal figures of Pinko’s success, confirm their roles leading respectively the Communication and the Creative department. Caterina Salvador becomes Director of Style and Product after working in Giorgio Armani, Hugo Boss, Calvin Klein, Dolce & Gabbana, Coin. More talents will be eventually hired.

• Undergarments, pajamas and bed linens tested for months
• Moisture management of fibers reduce sweating and hence itching
• Soft and smooth fibers lead to fewer skin injuries

The Lenzing Group has been providing both financial support and textiles made of its fibers to DEBRA Austria, the patient organization for “butterfly children”. The TENCEL™ branded lyocell and modal fibers which are being used are particularly soft and smooth and therefore very skin-friendly. In turn, they help to improve the quality of life for the “butterfly children”.

In recent months, several patients with the skin disorder Epidermolysis Bullosa (EB) have tested leggings, undergarments, pajamas, leggings, quilts and bed linens made of TENCEL™ fibers and have found them to be comfortable and skin-friendly. The skin of EB patients is fragile like the wings of a butterfly. For this reason, coarse fibers, scratching seams, buttons, zippers and fibers which hardly or do not at all absorb sweat frequently lead to additional blisters and sores and increased itching. In contrast, TENCEL™ fibers feature particularly good moisture management and thus support the nature temperature-regulating properties of the body.

• Contracts signed for seven projects
• Contract comprises delivery of compact- and ring-spinning systems
• Total amounts to roughly CHF 180 million
• Order intakes are anticipated to be realized in 2019; sales posted in the 2020/2021 financial years

Rieter Group has signed contracts with the Cotton & Textile Industries Holding Company, Cairo (Egypt), at the ITMA 2019. These seven projects entail a total of 180 million Swiss francs. The contract comprises delivery of compact- and ring-spinning systems over the next two years. This order is part of a comprehensive modernization program of the Egyptian textile industry. The order intakes are anticipated to be realized in 2019 with sales posted in the 2020/2021 financial years.

The contracts were signed at the ITMA in Barcelona, Spain, by Dr. Ahmed Moustafa Mohamed, Chairman Cotton & Textile Industries Holding Company, and Dr. Norbert Klapper, CEO Rieter.

Dr. Klapper was very pleased at the formal signing of contracts: “We would like to thank our Egyptian business partners for the confidence they are placing in Rieter by awarding us this contract. Rieter has been the partner of choice of the Egyptian spinning industry for decades. We are delighted to be given the opportunity of making such an important contribution to the modernization of the Egyptian textile industry.”

• Operations, Product Development, Sales and Technical Support Growth

Celine Huang 黄秀蔚 is named Chief Executive Officer for HeiQ Greater China and Ming Wen Liang 梁銘文is named Chief Executive Officer HeiQ Taiwan. Huang, with her background as a general manager of a large player in the same industry brings a total of over 20 years of solid testing lab, agent and country strategies management expertise with an excellent relationship skills with customers, distributors, dealers and end users. She has a chemical engineering degree in dyeing and finishing from China Textile University. Huang has worked in both Australia and China in senior management positions. Huang will lead the group’s Greater China business from the newly created Shanghai office (瑞士海屹科新材料有限公司上海办事处).

Liang will manage mill relations, technical support and distribution at HeiQ Taiwan. She brings close to 20 years of experience in textile and garment production supply chain focusing on sales, material innovation and development, sourcing and production. Liang holds a Bachelor of International Trade from the National Taipei University of Business, Taiwan, speaks Chinese, English and Spanish and has lived in both Taiwan and Argentina. And will be based in the new office in Taipei (瑞士海屹科有限公司).

HeiQ continues to increase its global footprint with the creation of HeiQ Shanghai and HeiQ Taiwan. In addition to HeiQ Hong Kong, these offices aim to provide dedicated technical support in the Greater China area, further broaden its geographical reach in strategic locations and support HeiQ’s brand partners’ manufacturing activities in the region.

Gesellschaftliche Verantwortung und nachhaltiges Handeln stehen seit der Verselbständigung von Autoneum im Fokus des Unternehmens. Um bestmögliche Resultate zu erzielen, hat Autoneum vergangenes Jahr einer Vielzahl an quantitativen und qualitativen Zielen in den Bereichen „nachhaltige Produkte und Produktionsprozesse“, „fairer und attraktiver Arbeitsplatz“, „Good Corporate Citizenship“ und „verantwortungsvolle Beschaffung“ für 2025 verabschiedet. 2018 wurden wichtige Erfolge in allen Teilbereichen erzielt.

Durch die konsequente Umsetzung von Ökoeffizienzprojekten – weltweit insgesamt über 80 – hat das Unternehmen 2018 seine Umweltauswirkungen weiter reduziert. So sind nicht nur die Abfallmengen (–5.9%), sondern auch der Wasserverbrauch (–13.4%) stark gesunken. Gleichzeitig haben verschiedene Werke – vor allem in Asien und Nordamerika – ihre Recyclingkapazitäten erweitert, wodurch das Volumen des in der Fertigung wiederverwerteten Produktionsausschusses signifikant anstieg (14.9%).

Um die Arbeitsbedingungen insbesondere in der Produktion weiter zu verbessern, sind 2018 in allen Business Groups Massnahmen zur Arbeitssicherheit und zum Wohlbefinden am Arbeitsplatz ergriffen worden. Eine im Herbst an allen Standorten durchgeführte Umfrage zur Mitarbeiterzufriedenheit hat erste positive Resultate bestätigt.

Eine vollständige Übersicht über alle Ziele und Aktivitäten des vergangenen Jahres ist im Corporate Responsibility-Report 2018 aufgeführt und unter www.autoneum.com/de/corporate-responsibility/ verfügbar.

This year’s Annual General Meeting of Lenzing AG resolved today, Thursday, April 17, 2019, to distribute a dividend of EUR 3.00 per share as well as a special dividend totaling EUR 2.00 per share. On balance, the dividend will amount to EUR 5.00 per no-par value share for the 2018 financial year (compared to EUR 5.00 per share in the previous year). The dividend payment is scheduled to take place on April 25, 2019, whereas ex-dividend day is on April 23, 2019.

The Annual General Meeting also adopted a resolution discharging the members of the Management Board and the Supervisory Board for the 2018 financial year, and also resolved upon the remuneration to be paid to the Supervisory Board members for the 2018 and 2019 financial years. KPMG Austria GmbH Wirtschaftsprüfungs- u. Steuerberatungsgesellschaft was appointed to serve as the auditor of the annual and consolidated financial statements for the 2019 financial year.

Effective at the end of this Annual General Meeting, Hanno Bästlein, the previous Chairman of the Supervisory Board, as well as Christoph Kollatz have retired from the Supervisory Board at their own request. “We would like to thank Hanno Bästlein and Christoph Kollatz for their dedicated work on the Supervisory Board of Lenzing AG. Thanks to their expertise, they made a major contribution to important strategic decisions in the company. During his four years as Chairman of the Supervisory Board, Hanno Bästlein decisively supported the strategy of the Lenzing Group and thus contributed to the enhanced resilience of the company based on the expansion with specialty fibers”, says Stefan Doboczky, Chief Executive Officer of Lenzing AG.

• essenscia Innovation Award is Belgium’s most prestigious prize for industrial innovation
• UltraBond is a cost-effective solution for fully recyclable, latex-free, sustainable carpets
• Significant reductions in ecological footprint and cost for carpet manufacturers

Beaulieu Fibres International, Europe’s largest producer of polyolefin fibres, was nominated for the 2019 essenscia Innovation Award for its recently introduced UltraBond fibre.

The biannual award is the most prestigious prize for industrial innovation in Belgium. Created by essenscia, the Belgian Federation for Chemistry and Life Sciences industries, it aims to promote innovations in the Belgian industry and encourages companies to invest even more in innovative and sustainable products and applications. During the evaluation of the nominated innovation projects, the jury assesses their link with chemistry, life sciences and materials, their contribution to sustainable development, their intellectual property management strategy as well as their added value for the economy.

Formally introduced in early 2019, UltraBond is a patented polyolefin bonding staple fibre that eliminates the need for latex or other chemical binders to bond nonwovens. It enables carpet manufacturers to create 100% PP needlepunch carpets that meet the same performance requirements as traditional constructions, while also reducing end-of-life environmental impact.

UltraBond helps manufacturers make a significant contribution to the circular economy through the production of 100% recyclable carpets. In addition to making recycled PP available for the plastics production chain and reduced waste generation, their total lack of water use and reduced energy use result in significant environmental advantages and financial savings. There is also a reduction in the VOC level of the carpet. This all leads to a significant reduction in a needlepunch carpet’s ecological footprint to the tune of a 35% reduction in CO2 emissions during the full production process.

Prompted by the need to offer an adequate in-depth analysis of topics such as the integration of sustainability in fashion and the importance of the transition to the circular economy, the shared journey of C.L.A.S.S., the multi-platformhub, a reference resource since 2007 for smart innovationin fashion and Polimoda, the internationally recognized institute, world-renowned for its independent approach and innovative vision in terms of “fashion education”, as a result of the perfect combination of business and design.

Eight sessionsduring which topicsrelated to smart innovation, the new role of the designer and the importance of a new generation of communication along withthe urgency of a transversalcooperation and the development of new business models strictly linked to a circular economy approach.
An inspirational path,intensive and engaging, aimed at involving Polimoda students of theFashion Design and Design ManagementMasters –in their future role of protagonists of the fashion industry.
A shared project, aimed at fostering the development of punctual knowledges on responsible innovation, which is to consider effective because of that concrete approach that involves the introduction of smart materials with a view to a circular economy approach.
This is how Polimoda, the fashion institute that boasts an innate and strong policy and strategic vision on the fashion universe at 360 °, and C.L.A.S.S, a reference point since 2007, specialized in the integration of smartvalues withinproducts and fashion companies, in addition to education, partneringto givelife to a driving force thattranslates into a culturalbackground for students.

• Challenging market environment due to low prices for standard viscose, less favorable exchange rates and higher raw material and energy prices
• Very positive development of specialty fiber business with revenue share exceeding 45 percent
• Dividend proposal of EUR 3.00/share plus a special dividend of EUR 2.00/share
• Results for 2019 expected at about the level of 2018 despite a significantly more demanding market environment

The Lenzing Group’s business developed well in the 2018 financial year. A significantly more challenging market environment led to a decline in revenue as well as earnings compared with the record results of the previous year. This was primarily caused by lower selling prices for standard viscose, exchange rate effects as well as higher raw material and energy costs.

Group revenue declined by 3.7 percent compared with the previous year to EUR 2.18 bn. The predicted challenging market environment for standard viscose, plus less favorable exchange rates and a slight decline in sales volume were the key contributing factors. EBITDA (earnings before interest, tax, depreciation and amortization) was down by 24 percent to EUR 382 million due to price increases for key raw materials and higher energy and personnel costs. The EBITDA margin dropped from 22.2 percent in the 2017 financial year to 17.6 percent in the reporting year. EBIT (earnings before interest and tax) fell by 36 percent to EUR 237.6 mn, leading to a lower EBIT margin of 10.9 percent (2017: 16.4 percent). Net profit for the year after one-off effects dropped by 47.4 percent from EUR 281.7 mn in the previous year to EUR 148.2 mn. Earnings per share equaled EUR 5.61 (2017: EUR 10.47).

The Management Board and the Supervisory Board will propose a stable dividend of EUR 3.00 per share plus a special dividend of EUR 2.00 per share at the upcoming Annual General Meeting. In total, the paid dividend will amount to EUR 5.00 per share, corresponding to a dividend payment to shareholders of roughly EUR 133 mn.