From the Sector

Reset
733 results
Hanesbrands Inc. Company expands Direct-to-Garment Print Capabilities with Kornit NeoPoly Technology
Hanesbrands Inc. Company expands Direct-to-Garment Print Capabilities with Kornit NeoPoly Technology
08.01.2020

Hanesbrands Inc. Company expands Direct-to-Garment Print Capabilities with Kornit NeoPoly Technology

Kornit’s Avalanche Poly Pro system “offers the best possible quality” for consumers demanding custom-decorated polyester and poly-blend apparel
January 8, 2020, Englewood, New Jersey – Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced that GEAR for Sports, a division of Hanesbrands Inc., has installed a Kornit Avalanche Poly Pro system to supplement previously-implemented Kornit Digital direct-to-garment (DTG) print systems within the company’s Lenexa, Kansas production facility.

GEAR for Sports sells its products under some of the most powerful brands in sportswear, including Under Armour®, Champion®, Alternative Apparel, Hanes, and Gear for Sports®. This compelling portfolio of brands allows GEAR to provide a longstanding history of quality graphics and innovative apparel design, giving customers a single resource for all their sportswear needs. Installing Avalanche Poly Pro, which integrates Kornit’s proprietary NeoPoly print technology with the brand’s production strategy, will enable them to custom-print poly rich garments on demand.

Kornit’s Avalanche Poly Pro system “offers the best possible quality” for consumers demanding custom-decorated polyester and poly-blend apparel
January 8, 2020, Englewood, New Jersey – Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced that GEAR for Sports, a division of Hanesbrands Inc., has installed a Kornit Avalanche Poly Pro system to supplement previously-implemented Kornit Digital direct-to-garment (DTG) print systems within the company’s Lenexa, Kansas production facility.

GEAR for Sports sells its products under some of the most powerful brands in sportswear, including Under Armour®, Champion®, Alternative Apparel, Hanes, and Gear for Sports®. This compelling portfolio of brands allows GEAR to provide a longstanding history of quality graphics and innovative apparel design, giving customers a single resource for all their sportswear needs. Installing Avalanche Poly Pro, which integrates Kornit’s proprietary NeoPoly print technology with the brand’s production strategy, will enable them to custom-print poly rich garments on demand.

GEAR for Sports has implemented three Kornit DTG print systems in the last two years. Having established a process for delivering imprinted cotton garments on demand, and further answering the voice of its customers, the brand decided to expand these capabilities to polyester and poly-blend pieces.

“We’ve been inviting key customers to our facility to demonstrate what the Poly Pro equipment can do, as we expand our digital printing capability throughout our facility,” said Cindy Olivarez, Director of Operations—Customs and Logistics with GEAR for Sports. “Digital printing is an ever-growing business and is key to our business initiatives. Having the ability to print polyester t-shirts one unit at a time will allow us to gain consumers who want poly rich garments, and Kornit’s Poly Pro system offers the best possible quality to allow GEAR for Sports to expand our direct-to-garment business.”

More information:
Kornit Digital Ltd.
Source:

PR4U

02.01.2020

Textil del Valle Selects Kornit Digital for Direct-to-Garment Printing

Peruvian print business delivering DTG capabilities for prestigious apparel brands worldwide

Kornit Digital announced that Textil del Valle South America, a vertically integrated garment manufacturing company based in Peru, has chosen to implement Kornit’s digital direct-to-garment (DTG) printing technology at its 1.1 million-square-foot facility in Lima, Peru.

Textil del Valle services many of the world’s most prominent apparel brands, including global leaders in sports and athleisurewear.

Peruvian print business delivering DTG capabilities for prestigious apparel brands worldwide

Kornit Digital announced that Textil del Valle South America, a vertically integrated garment manufacturing company based in Peru, has chosen to implement Kornit’s digital direct-to-garment (DTG) printing technology at its 1.1 million-square-foot facility in Lima, Peru.

Textil del Valle services many of the world’s most prominent apparel brands, including global leaders in sports and athleisurewear.

“Kornit’s sustainable print technology provides the last piece of the puzzle, so we have the ‘full package’ for manufacturing the garment itself, imprinting it on demand based on the customer need, and shipping it ourselves, all from a single location,” said Juan Jose Cordova, General Manager at Textil del Valle. “Our market has been veering away from stocking shelves with inventory that may or may not sell, and the Kornit solution helps our business and customers eliminate that uncertainty and risk. We are the most sustainable textile plant in the world, and Kornit enables us to continue answering market demands in an efficient, responsible manner.”

 

Sappi Europe
Sappi Europe
20.12.2019

Sappi joins Cepi in the 4evergreen alliance to boost the contribution of fibre-based packaging

Cepi, the European association representing the paper industry, has announced a new alliance called 4evergreen. The aim of the alliance is to boost the contribution of fibre-based packaging in a circular and sustainable economy that minimises climate and environmental impact. The alliance will increase awareness about the benefits of fibre-based packaging materials, advocate for EU legislation supporting product design for recyclability and call for the development of optimised collection systems and appropriate recycling infrastructures.

The rise of environmental awareness and consumer concerns, as well as the increase of packaging focused regulation, such as the Single Use Plastics Directive, have helped companies to accelerate the development of alternative packaging materials including fibre-based packaging with a view to helping consumers make more climate-friendly choices.

4evergreen was created as a forum to engage and connect industry members from across the fibre-based packaging value chain, from paper and board producers to packaging converters, brand-owners and retailers, technology and material suppliers, waste sorters and collectors.

Cepi, the European association representing the paper industry, has announced a new alliance called 4evergreen. The aim of the alliance is to boost the contribution of fibre-based packaging in a circular and sustainable economy that minimises climate and environmental impact. The alliance will increase awareness about the benefits of fibre-based packaging materials, advocate for EU legislation supporting product design for recyclability and call for the development of optimised collection systems and appropriate recycling infrastructures.

The rise of environmental awareness and consumer concerns, as well as the increase of packaging focused regulation, such as the Single Use Plastics Directive, have helped companies to accelerate the development of alternative packaging materials including fibre-based packaging with a view to helping consumers make more climate-friendly choices.

4evergreen was created as a forum to engage and connect industry members from across the fibre-based packaging value chain, from paper and board producers to packaging converters, brand-owners and retailers, technology and material suppliers, waste sorters and collectors.

“The 4evergreen alliance is important because it was born from an initiative of consumer product industry leaders who recognize the huge potential of fibre-based packaging in a circular economy” said Susanne Oste, VP Innovation and Sustainability at Sappi. “Their customers want sustainable packaging and fibre-based products provide the most climate-friendly solution available. Sappi is proud to play a part in this industry alliance. We have been investing heavily for more than 10 years in cutting edge research into real solutions for the problems that confront our customers. A recent success is the launch of the only fully recyclable confectionary wrapper on the market today.”

More information:
Sappi Europe
Source:

Sappi Europe

(c) Archroma
10.12.2019

Archroma announces CEO transition

Archroma announced its transition plan for the function of Chief Executive Officer. The Board of Directors of Archroma has appointed Heike van de Kerkhof to succeed current CEO Alexander Wessels effective January 6, 2020. Mr. Wessels has held the CEO position at Archroma since the Company was established in October 2013 and will be appointed as Vice Chairman of the Company’s Board of Directors. He will also take on a Senior Advisory role within SK Capital working across its portfolio of investments, which includes Archroma.

Alexander Wessels commented, “I feel privileged to have been given the opportunity to work with SK Capital and the Archroma team over the past six and a half years, which has really been an incredible journey. We are coming off another record year in terms of profitability and the business is uniquely positioned to capitalize on its significant momentum moving forward. For me personally, this is the ideal moment to take on my next challenge and in Heike we have found the ideal person to pass the baton to. We look forward to a seamless transition and I am excited to continue to support the Company as a member of the Board of Directors.”

Archroma announced its transition plan for the function of Chief Executive Officer. The Board of Directors of Archroma has appointed Heike van de Kerkhof to succeed current CEO Alexander Wessels effective January 6, 2020. Mr. Wessels has held the CEO position at Archroma since the Company was established in October 2013 and will be appointed as Vice Chairman of the Company’s Board of Directors. He will also take on a Senior Advisory role within SK Capital working across its portfolio of investments, which includes Archroma.

Alexander Wessels commented, “I feel privileged to have been given the opportunity to work with SK Capital and the Archroma team over the past six and a half years, which has really been an incredible journey. We are coming off another record year in terms of profitability and the business is uniquely positioned to capitalize on its significant momentum moving forward. For me personally, this is the ideal moment to take on my next challenge and in Heike we have found the ideal person to pass the baton to. We look forward to a seamless transition and I am excited to continue to support the Company as a member of the Board of Directors.”

“I have a true passion for innovation and sustainability, and I am thrilled to join Archroma as its next CEO,” Heike van de Kerkhof commented. “The Company has established itself as a leader in sustainable chemistry based on its strong technology-driven product portfolio with a solid foundation to further build upon. I believe Archroma is uniquely positioned to support its customers’ manufacturing processes in a cost effective and sustainable manner. The investments made into research and technology during the first stage of SK Capital’s ownership have positioned Archroma to reach new levels of growth and success.”

More information:
Archroma Archroma US Inc
Source:

EMG-marcom

10.12.2019

Myant Announces Joint Venture with Osmotex AG

Myant Inc. and Osmotex AG have agreed to enter into a joint venture for the commercialization of Osmotex’s HYDRO_BOT active membrane technology across various textile-based applications. The integration of HYDRO_BOT with Myant’s existing portfolio of textile-based sensing and actuating capabilities opens up new possibilities across a wide range of domains including sweat/moisture management and thermal regulation.

Myant Inc. and Osmotex AG have agreed to enter into a joint venture for the commercialization of Osmotex’s HYDRO_BOT active membrane technology across various textile-based applications. The integration of HYDRO_BOT with Myant’s existing portfolio of textile-based sensing and actuating capabilities opens up new possibilities across a wide range of domains including sweat/moisture management and thermal regulation.

HYDRO_BOT technology is capable of moving 200 liters of fluid across a square meter of textile every hour via an electroosmotic process, providing a practically limitless ability to manage moisture in textile applications. Applied in conjunction with Myant’s existing capability to deliver heat via textile and to achieve effective passive moisture wicking via novel knitted structures, the combination of technologies is poised to dramatically improve the ability to regulate body temperature in applications such as personal protective equipment for workers in heavy industry, protective gear for workers in hot desert-like climates, performance wear like snow suits or skiing apparel in cold climates, footwear, motorcycling apparel, and more. In addition to apparel, significant market opportunities exist in the moisture management as applied to the automotive industry and in the healthcare industry.

“The creation of this joint venture between Myant and Osmotex reinforces our mission to develop textiles as bidirectional interfaces to the human body capable of optimizing health and performance across all spheres of life,” said Tony Chahine, founder and CEO of Myant. “Our team is excited to begin integrating HYDRO_BOT into our textiles and bringing this transformative technology to market.”

“We are excited to be working together with Myant to realize the full potential of the HYDRO_BOT technology,” said Joacim Holter, Managing Director and Chairman of the Board for Osmotex AG. “Myant’s ability to integrate our technology and to produce at scale all under one roof made them an ideal partner to help make our vision a reality.”

More information:
Myant Osmotex
Source:

Myant Inc.

Mayer & Cie. China shows first in-house development at Shanghaitex (c) Mayer & Cie
Mayer & Cie. China shows first in-house development at Shanghaitex
05.12.2019

Mayer & Cie. China shows first in-house development at Shanghaitex

At the Shanghaitex trade fair Mayer & Cie. China (MCN) exhibited its new machine for manufacturing three-thread fleece. The MFC 3.2 is the first in-house development by the German circular knitting machine manufacturer’s Chinese subsidiary. It produces light to heavy linings and is specially geared to processing polyester yarn. The MFC 3.2 will be available from spring 2020; the material it produces is used in sports- and leisurewear.

“Three-thread fleece linings are popular all over the world,” says Marcus Mayer, Mayer & Cie.’s technical director, “albeit with important regional differences. In Europe and America customers appreciate heavier, warm cotton fabrics, whereas in Asia light, fluffy fabrics made of mixed synthetic fibres are preferred. That is why the MFC 3.2 is a major addition to our Chinese portfolio.“

At the Shanghaitex trade fair Mayer & Cie. China (MCN) exhibited its new machine for manufacturing three-thread fleece. The MFC 3.2 is the first in-house development by the German circular knitting machine manufacturer’s Chinese subsidiary. It produces light to heavy linings and is specially geared to processing polyester yarn. The MFC 3.2 will be available from spring 2020; the material it produces is used in sports- and leisurewear.

“Three-thread fleece linings are popular all over the world,” says Marcus Mayer, Mayer & Cie.’s technical director, “albeit with important regional differences. In Europe and America customers appreciate heavier, warm cotton fabrics, whereas in Asia light, fluffy fabrics made of mixed synthetic fibres are preferred. That is why the MFC 3.2 is a major addition to our Chinese portfolio.“

MFC 3.2: Tried and trusted basis, market-specific alignment
The new Chinese three-thread fleece machine is based on the established Mayer & Cie. MBF 3.2, the qualities of which deliver the goods in the MFC 3.2. They include the high quality of material on both sides of the fabric and the production of challenging weaves. At the same time, the Chinese Mayer & Cie. team attached importance to catering for local requirements, first and foremost processing polyester yarns. Thanks to cam parts developed in-house the new machine performs these tasks reliably and efficiently. At up to 30 rpm on a 30-inch diameter cylinder the MFC 3.2 produces three-thread fleece for sports- and leisurewear.

The MFC 3.2 is more than a three-thread fleece machine, however. A conversion kit transforms it into the MSC 3.2 II, the most popular machine in Mayer & Cie. China’s portfolio. The conversion works in both directions, which further upgrades the single jersey machine because “in the highly saturated Chinese single jersey market the fact that the MSC 3.2 II can be converted into a threethread fleece machine is an important selling point,” Managing Director Mayer notes.

More information:
Mayer & Cie ShanghaiTex
Source:

Mayer & Cie GmbH & Co. KG

SGL Carbon und Solvay schließen Kooperation zur Entwicklung von im hohen Maße konkurrenzfähigen und fortschrittlichen Carbonfaser-Verbundwerkstoffen für Primärstrukturen in der Luftfahrt (c) SGL CARBON SE
SGL Carbon Large-Tow-IM-Carbonfaser Produktion am US-Standort Moses Lake
03.12.2019

Collaboration between SGL Carbon and Solvay

SGL Carbon and Solvay collaborate to develop highly-competitive advanced carbon fiber composites for aerospace primary structures

SGL Carbon and Solvay have entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials, which address the need to reduce costs and CO2 emissions, and improve the production process and fuel efficiency of next-generation commercial aircraft, will be based on SGL Carbon’s large-tow IM carbon fiber and Solvay’s primary structure resin systems.

The agreement encompasses both thermoset and thermoplastic composite technologies. It builds on Solvay’s leadership in supplying advanced materials to the aerospace industry and SGL Carbon’s expertise in high-volume carbon fiber manufacturing.

SGL Carbon and Solvay collaborate to develop highly-competitive advanced carbon fiber composites for aerospace primary structures

SGL Carbon and Solvay have entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials, which address the need to reduce costs and CO2 emissions, and improve the production process and fuel efficiency of next-generation commercial aircraft, will be based on SGL Carbon’s large-tow IM carbon fiber and Solvay’s primary structure resin systems.

The agreement encompasses both thermoset and thermoplastic composite technologies. It builds on Solvay’s leadership in supplying advanced materials to the aerospace industry and SGL Carbon’s expertise in high-volume carbon fiber manufacturing.

“For Solvay, this is an opportunity to lead the aerospace adoption of a composite material based on 50K IM carbon fiber. This is a highly competitive value proposition that brings more affordable high-performance solutions to our customers. We see this as the first step in a long-term partnership,” said Augusto Di Donfrancesco, member of Solvay’s executive committee.

“By combining SGL’s carbon fiber expertise in our newly developed, unique 50K IM fiber with Solvay’s resin formulation and aerospace market expertise, both partners are aiming to develop an advanced aerospace material system. This alliance supports our strategic direction and accelerates our growth in the attractive aerospace market,” said Dr. Michael Majerus, spokesman of the management board of SGL Carbon.

Composite materials for aerospace applications represent a multi-billion-dollar market that is expected to grow strongly in the coming decade. Solvay and SGL Carbon are uniquely positioned to develop solutions to address the needs of this market.

More information:
Solvay SGL Carbon Carbonfaser
Source:

SGL CARBON SE

 TOPIC OF THE SEASON: Responsible Future (c) Premium Exhibitions GmbH
Alina Hahn, Marie Sandmann, Maren Wiebus, Damien Winpenny, Marie-Luise Patzelt
21.11.2019

TOPIC OF THE SEASON: Responsible Future

Sustainability is part of SEEK’s internal make-up and has always been part of the team and community experience. Over 80 sustainable brands make up the brand portfolio, including players like Veja, Dedicated and Kings of Indigo. Experts will be sharing their experiences on this market-defining topic as well, with a host of live podcasts, talks and panel discussions, and will be shaping SEEK’s programme of content.
 
BIG PLAYER: the new SEEK Culture

 
SEEK is Europe’s most successful trade show for pop, street and sneaker culture. This is where the key players meet, where the looks of tomorrow are showcased, modelled and retold, where classics are celebrated, authenticity rules the roost and where icons take their positions alongside shooting stars. SEEK is essential participation for anyone looking to curate a modern, youthful and relevant range.

The shift from a niche event to a large trade show is now complete with a new logo and campaign design. SEEK has emerged from its transformation to reveal that its content and visual look are as relevant as ever!  

Sustainability is part of SEEK’s internal make-up and has always been part of the team and community experience. Over 80 sustainable brands make up the brand portfolio, including players like Veja, Dedicated and Kings of Indigo. Experts will be sharing their experiences on this market-defining topic as well, with a host of live podcasts, talks and panel discussions, and will be shaping SEEK’s programme of content.
 
BIG PLAYER: the new SEEK Culture

 
SEEK is Europe’s most successful trade show for pop, street and sneaker culture. This is where the key players meet, where the looks of tomorrow are showcased, modelled and retold, where classics are celebrated, authenticity rules the roost and where icons take their positions alongside shooting stars. SEEK is essential participation for anyone looking to curate a modern, youthful and relevant range.

The shift from a niche event to a large trade show is now complete with a new logo and campaign design. SEEK has emerged from its transformation to reveal that its content and visual look are as relevant as ever!  

Together with creative agencies Karl Anders and Haebmau, the SEEK team has been working for weeks on the brand’s new branding. The result: a visual concept with a strong message.

“The handshake is the right imagery and commitment to our stance and that of the SEEK community.”

“SEEK stands for strength and business just as much as for communality and good vibes! ‘Get Along’ articulates a feeling of agreement, of moving forward and getting to grips with things. We all want to shape a positive future for our industry – as partners and by joining forces.”, explains Fashion Director Maren Wiebus.

CREATIVE CONNECTION: Karl Anders and Haebmau
 
The Hamburg-based agency Karl Anders, which was established by Claudia Fischer-Appelt and Lars Kreyenhagen, was commissioned to come up with the creative concept and design language for the logo and campaign.

“With the new look we are entering a new era for SEEK as a brand. Lots of brands have chosen a design using Helvetica in recent years,” says Claudia Fischer-Appelt, Creative Director at Karl Anders. “We are now signalling a clear shift in another direction. Confident, bold and independent. With the logo we are inviting the viewer to play with the linear layout in their head; we are breaking viewing habits, making a statement and revving things up a gear. SEEK, there it is.”
 
The artwork is the result of a process of in-depth debate with the SEEK brand that took place over several weeks both within the team and also with the support of lifestyle agency Haebmau. Workshops, research and analyses ultimately led to a new, strong brand identity. SEEK is focussed on both established and new players and stands for the WE.

“I have known SEEK since it was in its infancy, so to me it was always like a little brother of the large, successful PREMIUM. Quirky and different, always interesting but somehow not quite so imposing,” says Markus Bublitz, Executive Creative Director at Haebmau. “SEEK today is more grown-up, confident and sharper. Thanks to its position in the market, which it has conquered over the years, it no longer needs to please everyone but can afford to be controversial. This can offer space for new, creative ideas.”

SEEK is edgy, clean-cut and unpolished.

We are all about statement design, new classics, denim and sportswear. SEEK is the trade show event for the fashion community. SEEK knows who calls the shots; it boosts sales and is the place for the next generation of decision-makers to get together. Unlike all the others, SEEK is unconventional and the antidote to boring.

Source:

Premium Exhibitions GmbH

BASF Acquires 3D Printing Service Provider Sculpteo © BASF
Clément Moreau, CEO and Co-Founder of Sculpteo
18.11.2019

BASF Acquires 3D Printing Service Provider Sculpteo

  • Acquisition drives market growth
  • Additional sales channel for BASF customers and partners
  • Access to new materials and technologies for customers of BASF and Sculpteo

To continue to expand its position as a leading service provider in the additive manufacturing sector, BASF New Business GmbH has formally agreed to acquire the online 3D printing service provider Sculpteo. The agreement was signed on November 14, 2019 and is expected to become effective in the next few weeks pending regulatory approval by the relevant authorities. The acquisition of the French 3D printing specialist based in Paris and San Francisco will enable BASF 3D Printing Solutions GmbH, a wholly-owned subsidiary of BASF New Business GmbH, to market and establish new industrial 3D printing materials more quickly. Sculpteo’s management team fully supports the acquisition and will remain in place to provide customers and partners with this expanded service spectrum.

  • Acquisition drives market growth
  • Additional sales channel for BASF customers and partners
  • Access to new materials and technologies for customers of BASF and Sculpteo

To continue to expand its position as a leading service provider in the additive manufacturing sector, BASF New Business GmbH has formally agreed to acquire the online 3D printing service provider Sculpteo. The agreement was signed on November 14, 2019 and is expected to become effective in the next few weeks pending regulatory approval by the relevant authorities. The acquisition of the French 3D printing specialist based in Paris and San Francisco will enable BASF 3D Printing Solutions GmbH, a wholly-owned subsidiary of BASF New Business GmbH, to market and establish new industrial 3D printing materials more quickly. Sculpteo’s management team fully supports the acquisition and will remain in place to provide customers and partners with this expanded service spectrum.

For around a decade already, Sculpteo has operated an online platform with integrated production for the manufacturing of prototypes, individual objects, and serial production components with a range of different additive manufacturing technologies. Customers in various industrial sectors around the world use the Sculpteo service to produce new components rapidly and reliably.

BASF will develop the existing Sculpteo 3D printing platform further into a global network. For customers and partners, BASF 3D Printing Solutions will thus be able to offer an additional channel for marketing their services and expanding their own customer bases.

"Through the acquisition of Sculpteo, we can provide customers and partners with even faster access to our innovative 3D printing solutions. In addition, our customers will benefit from an extended range of services”, explains Dr. Dietmar Bender, Managing Director BASF 3D Printing Solutions. “Together with Sculpteo, we are pursuing our goal of establishing additive manufacturing as a proven technology for industrial mass production", says Bender.

Combining the strengths of both companies will provide Sculpteo's existing customers with access to a more extensive portfolio of 3D printing materials. "We are excited to join the BASF team and thus benefit from BASF’s outstanding R&D to provide our customers with innovative solutions”, says Clément Moreau, CEO and Co-Founder of Sculpteo. Moreau will stay with Sculpteo as CEO.

Beyond this, the Sculpteo Design Studio and BASF’s technical experts will collaborate to be able to support customers in their 3D printing projects from the early planning phase right through to the final printed part. This will enable BASF to offer its customers end-to-end industrial 3D printing solutions.

Source:

BASF Marketing & Communications Manager

05.11.2019

Lenzing received several prizes at the Corona awards

Lenzing was awarded for the introduction of the blockchain technology for fiber identification as well as its achievements as a leading company and significant economic engine in the region

On November 4, 2019, Lenzing AG won the “Digital Corona” in Gold. The coveted business prize was awarded for the first time in this category. It is awarded to companies that have dynamically advanced the digitization of business processes, products, services and business models in recent years. At the premiere, Lenzing was delighted to receive the first prize for the introduction of the blockchain technology for fiber identification along the textile value chain.

Lenzing was awarded for the introduction of the blockchain technology for fiber identification as well as its achievements as a leading company and significant economic engine in the region

On November 4, 2019, Lenzing AG won the “Digital Corona” in Gold. The coveted business prize was awarded for the first time in this category. It is awarded to companies that have dynamically advanced the digitization of business processes, products, services and business models in recent years. At the premiere, Lenzing was delighted to receive the first prize for the introduction of the blockchain technology for fiber identification along the textile value chain.

“Consumers increasingly want to understand the ingredients and suppliers of the products they buy, requesting a new level of transparency and traceability. With the introduction of blockchain technology, Lenzing is pursuing the ambitious goal of creating full transparency across the value chain, driving change in an industry where less than five percent of the top 250 apparel brands can track their garments back to the fiber origin”, Stefan Doboczky, CEO of the Lenzing Group, says. Lenzing enables its customers and partners to identify TENCEL ™ branded fibers across each production and distribution step from fiber-to-retail. The technology also allows consumers to verify the garment composition and the underlying textile supply chain at the point of sale, simply by scanning the barcode with a mobile device. As a result, Lenzing also directly supports the business with its very sustainably produced TENCEL™ lyocell fibers.

More information:
Lenzing AG
Source:

Lenzing AG

28.10.2019

APPOINTMENT OF A NEW PRESIDENT OF CTT GROUP

Mr. Robert Bélanger, President of the Board of Directors of the CTT Group and President of Belt-Tech Products inc., is pleased to announce the appointment of Mr. Olivier Vermeersch as President/Chief Executive Officer of the CTT Group, one of the Collegial Center for Technology Transfer (CCTT) of the Cégep of Saint-Hyacinthe. Mr. Vermeersch succeeds Mr. Jacek Mlynarek from today. Mr. Mlynarek will remain associated to the CTT Group as an Ambassador and Strategic Advisor and - Research and Development, Partnership and Innovation.

The CTT Group Board of Directors and the entire team would like to thank Mr. Mlynarek for the energy and dedication he has devoted over the last 26 years to the development of the CTT Group, which is now recognized as one of the most important Collegial Center for Technology Transfer in Quebec and Canada. In 2009, Mr. Mlynarek received the Innovation System Builder Award from the Quebec Association for the Development of Research and Innovation.

Mr. Robert Bélanger, President of the Board of Directors of the CTT Group and President of Belt-Tech Products inc., is pleased to announce the appointment of Mr. Olivier Vermeersch as President/Chief Executive Officer of the CTT Group, one of the Collegial Center for Technology Transfer (CCTT) of the Cégep of Saint-Hyacinthe. Mr. Vermeersch succeeds Mr. Jacek Mlynarek from today. Mr. Mlynarek will remain associated to the CTT Group as an Ambassador and Strategic Advisor and - Research and Development, Partnership and Innovation.

The CTT Group Board of Directors and the entire team would like to thank Mr. Mlynarek for the energy and dedication he has devoted over the last 26 years to the development of the CTT Group, which is now recognized as one of the most important Collegial Center for Technology Transfer in Quebec and Canada. In 2009, Mr. Mlynarek received the Innovation System Builder Award from the Quebec Association for the Development of Research and Innovation.

Mr. Vermeersch is in a familiar territory, since he has been working for the CTT Group from the beginning of his career in 1991. In 2014, he was promoted Vice President - Research and Development and more recently, he was appointed as Executive Vice-President. In 2014, he was awarded the prestigious Excellence Award from the “Fonds de recherche du Québec – Nature et technologies”. Mr. Vermeersch will continue to be Chairholder of the NEXTEX Industrial Chair of St-Hyacinthe College, a Canadian NSERC Level 2 Chair in Innovative Technical Textiles, which brings together many of CTT Group's customers.

More information:
CTT GROUP
Source:

CTT Group

Bernhard Wiehl, Chief Financial Officer (CFO) (c) Autoneum Holding Ltd
28.10.2019

autoneum: Change to the Group Executive Board

The Board of Directors of Autoneum Holding Ltd appoints Bernhard Wiehl, the longstanding Head of Finance & Controlling of Business Group Europe, as Chief Financial Officer (CFO) and member of the Group Executive Board with immediate effect. The previous CFO Dr Martin Zwyssig has decided to leave Autoneum.

The Board of Directors of Autoneum Holding Ltd appoints Bernhard Wiehl, the longstanding Head of Finance & Controlling of Business Group Europe, as Chief Financial Officer (CFO) and member of the Group Executive Board with immediate effect. The previous CFO Dr Martin Zwyssig has decided to leave Autoneum.

Bernhard Wiehl has been responsible for Finance & Controlling at Business Group Europe since 2013. Also thanks to his financial leadership, this Business Group with its numerous legal units has become highly profitable in recent years. Prior to joining Autoneum, he held senior finance and controlling positions with various automotive suppliers and has therefore extensive experience in the financial management of internationally active suppliers. Additionally, he is very familiar with the challenges of the automotive industry in a global environment. From 2007 to 2013, he was Head of Finance & Controlling and member of the Executive Board of the Lighting and Electronics division at the German automotive supplier Hella and from 2004 to 2007, among other things, in charge of controlling of the Europedivision of the supplier Hydraulik-Ring. Wiehl started his professional career in 1995 at TRW Automotive in Germany. He studied mechanical and industrial engineering at the Esslingen University of Applied Sciences, Germany, and holds a degree in industrial engineering (FH).

Bernhard Wiehl’s predecessor Dr Martin Zwyssig decided to leave the Company and to take up a new professional challenge. The Board of Directors and CEO Matthias Holzammer thank him for the commitment to the Company and wish him all the best for his professional and private future.

Source:

Autoneum Holding Ltd

 Sustainability Takes Centre-stage At Leading Bangladesh Shows (c) Bangladesh Apparel Exchange
15.10.2019

Sustainability Takes Centre-stage At Leading Bangladesh Shows

  • Bangladesh’s biggest denim expo takes place 5-6 November
  • The show runs concurrently with the Sustainable Apparel Forum Bangladesh
  • From 4-6 November, Bangladesh becomes the perfect meeting point for stakeholders in the global apparel industry

DHAKA - Responsibility is the theme of the 11th Bangladesh Denim Expo which takes place on 5th and 6th November at International Convention City in Bashundhara, Dhaka. The event, now firmly established as one of the world’s leading denim trade shows, runs alongside the Bangladesh Sustainable Apparel Forum.

Bangladesh Denim Expo

Around 100 exhibitors from 11 countries, including host Bangladesh, will participate in this year’s denim expo. Other participating countries are china, Japan, Italy, India, Singapore, Brazil, Spain, Pakistan, Turkey and Germany.

  • Bangladesh’s biggest denim expo takes place 5-6 November
  • The show runs concurrently with the Sustainable Apparel Forum Bangladesh
  • From 4-6 November, Bangladesh becomes the perfect meeting point for stakeholders in the global apparel industry

DHAKA - Responsibility is the theme of the 11th Bangladesh Denim Expo which takes place on 5th and 6th November at International Convention City in Bashundhara, Dhaka. The event, now firmly established as one of the world’s leading denim trade shows, runs alongside the Bangladesh Sustainable Apparel Forum.

Bangladesh Denim Expo

Around 100 exhibitors from 11 countries, including host Bangladesh, will participate in this year’s denim expo. Other participating countries are china, Japan, Italy, India, Singapore, Brazil, Spain, Pakistan, Turkey and Germany.

H&M Group is collaborating with Bangladesh Denim Expo for the forthcoming 11th edition of the event and a number of guest speakers will be present from the company, including Pierre Borjesson, head of sustainability, global production. Other guest speakers include Andrew Olah, the founder of Kingpins Denim show, Alice Tonello, R&D director with the Tonello Group, world renowned denim designer, Piero Turk and Jordi Juani, Asia regional director with Jeanologia.

Through a series of product displays, presentations, seminar sessions & panel discussions, the Expo will encourage healthy debate and interaction among exhibitors and visitors to champion a more responsible denim industry. One of these, of course, is sustainability and within this sits the issue of responsibility – an overriding theme of this year’s event. Denim manufacture faces huge challenges with regards its social and environmental responsibility, with production techniques having potentially far-reaching ramifications for the environment as well as people involved in the production process.

However, the industry and its supply chain are making impressive progress on these issues with Bangladesh – now the world’s largest producer of denim – leading the way in terms of addressing some of the sustainability challenges relating to denim production, including excessive use of water and chemicals. Mostafiz Uddin is the organiser of Bangladesh Denim Expo. Uddin has watched with interest the evolution of the denim industry, with each Expo marking continued and gradual progress being made by the more progressive players in the industry.

Uddin says: “The way that business and product development is conducted can have far reaching consequences on the environment, on the people that make the product and the product’s end use & life-span. “It is the duty of all stakeholders in the apparel industry to acknowledge this responsibility and to analyse our business practices, for the benefit of all.” Emphasising the theme of responsibility within Denim Expo is the fact that revenues from the expo support the running and presentation of the Sustainable Apparel Forum.

Sustainable Apparel Forum

The Sustainable Apparel Forum (SAF) is the biggest annual sustainable apparel event in Bangladesh. Bangladesh Apparel Exchange (BAE) along with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) as co-organiser will jointly carry out the 2nd edition of the SAF on 5th Nov 2019.

This is the second edition of the Sustainable Apparel Forum, with the first-ever forum held in 2017 in Dhaka. The objective of this year’s forum is accelerating the momentum of sustainability in Bangladesh apparel industry.

The forum will see more than 50 speakers gathered from Bangladesh and overseas sharing expert opinions across five panel discussions covering current issues in the country’s apparel industry. These include human resources, transparency in business, water conservation, purchasing practices, sustainable chemical management, waste management, circular economy in textiles and climate change to name a few.

Additionally, the conference will host several knowledge building technical presentations from renowned organisations which will cover different issues relating to sustainability, including waste management, protection of the environment and better working conditions.

Speakers at the show include Md. Shahriar Alam, MP, Honourable State Minister, Ministry of Foreign Affairs, Bangladesh, H. E. Benoit Préfonatine High Commissioner, High Commission of Canada, Bangladesh, and Dr. Rubana Huq President, Bangladesh Garment Manufacturers’ and Exporters’ Association, Sheikh Fazle Fahim, President, Federation of Bangladesh Chamber of Commerce & Industries, Pierre Börjesson, Head of Sustainability – Global Production, H&M Group, Tuomo Poutiainen, Country Director, International Labor Organization, Peter McCallister, Executive Director, Ethical Trading Initiative and H.E. Winnie Estrup Petersen Ambassador, Embassy of Denmark, Bangladesh.

Prior to this year’s conference, the Embassy of the Kingdom of the Netherlands in Bangladesh and the Sweden Embassy in Bangladesh will also co-host two roundtable discussion in collaboration with BAE and in association with BGMEA on 4 November, 2019, while H&M, Better Work Bangladesh and C&A Foundation are partners in the event.
The conference will be followed by showcasing different innovative, sustainable & best work practices in RMG manufacturing factories in Bangladesh. Following the discussions, a series of recommendations will be made, and a Sustainability Roadmap for the Bangladesh apparel industry will be formulated.

This year’s SAF promises to be the biggest yet. Added by Mr Mostafiz Uddin in the recent press briefing for the event: “The title for this year’s Sustainable Apparel Forum is enabling sustainability through policy and leadership. The time for talking on sustainability issues is over. It is now time for actions. That’s why the focus of this year’s show is on practical, pragmatic actions the textile industry can adopt to improve its environmental footprint.”

Autoneum (c) Autoneum
Autoneum
08.10.2019

Autoneum: Matthias Holzammer appointed new CEO

The Board of Directors of Autoneum Holding Ltd has appointed Matthias Holzammer, the former, long-term Head of Business Group Europe, as CEO with immediate effect. He is taking over from Martin Hirzel, who will be leaving the Company in agreement with the Board of Directors. Since the existing problems in North America are proving more challenging than expected, the Group's operating result in the second semester of 2019 will not improve, contrary to previous forecasts.

The Board of Directors of Autoneum Holding Ltd has appointed Matthias Holzammer, the former, long-term Head of Business Group Europe, as CEO with immediate effect. He is taking over from Martin Hirzel, who will be leaving the Company in agreement with the Board of Directors. Since the existing problems in North America are proving more challenging than expected, the Group's operating result in the second semester of 2019 will not improve, contrary to previous forecasts.

Matthias Holzammer has already demonstrated his operational expertise as the Company’s Head of Business Group Europe, which he successfully restructured from 2012 on and transformed into a highly profitable Business Group. Due to the severe operational and commercial issues in North America, the turnaround and improvement of results will take more time than expected. Matthias Holzammer will devote himself to this task with the highest priority, in order to return the Business Group and the Group back to profitability as quickly as possible. "In view of the current challenges in North America and the volatile global market environment, Matthias Holzammer is the ideal choice to lead the Company as CEO with his industry experience, knowledge of Autoneum and track record in restructuring”, said Hans-Peter Schwald, Chairman of the Board of Directors of Autoneum Holding Ltd.

More information:
Autoneum Management AG
Source:

Autoneum Management AG

Kornit Digital (c) Kornit Digital Ltd.
Brodelec purchases first Kornit Digital Presto S
26.09.2019

Brodelec purchases first Kornit Digital Presto S

  • Growing demand for natural fabrics and blends driving Brodelec business growth

September 25th, 2019, Rosh Ha’ayn, Israel – Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced that Orleans, France-based Brodelec has installed the country’s first-ever Kornit Presto S system for roll-to-roll, pigment-based digital textile printing.

This installation will enable the multiservice marking brand to expand their business further into customized décor and on-demand fashion.

Brodelec has partnered with Kornit for over a decade and owns several direct-to-garment print systems. Based on demand for natural fabrics and blends in the home décor and fashion markets, they are now expanding their offerings to include bespoke direct-to-fabric services.

Brodelec chose the Kornit Presto S as it is the only single-step solution and therefore the fastest route from design to finished product, making it the most efficient and eco-friendly fabric printing solution in France today.

  • Growing demand for natural fabrics and blends driving Brodelec business growth

September 25th, 2019, Rosh Ha’ayn, Israel – Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced that Orleans, France-based Brodelec has installed the country’s first-ever Kornit Presto S system for roll-to-roll, pigment-based digital textile printing.

This installation will enable the multiservice marking brand to expand their business further into customized décor and on-demand fashion.

Brodelec has partnered with Kornit for over a decade and owns several direct-to-garment print systems. Based on demand for natural fabrics and blends in the home décor and fashion markets, they are now expanding their offerings to include bespoke direct-to-fabric services.

Brodelec chose the Kornit Presto S as it is the only single-step solution and therefore the fastest route from design to finished product, making it the most efficient and eco-friendly fabric printing solution in France today.

Source:

Kornit Digital

Internationale Textilmesse Apparel Textile Sourcing Germany (ATSG) feiert erfolgreiche Premiere © JPC
Überblick Ausstellungshalle im Estrel Berlin 2019
24.09.2019

International textile trade fair Apparel Textile Sourcing Germany (ATSG) celebrates successful premiere

Berlin - 200 exhibitors, around 1,000 visitors and over 20 speakers from Germany and abroad – the ATSG textile fair premiered in Berlin from 11 to 13 September 2019 brought together exhibitors, speakers and trade visitors from all over the world. Jason Prescott, CEO of JP Communications, said he was satisfied with the event at the Estrel Conference Center: "The first step has been taken, now we will establish the ATSG as an important event of the Berlin fashion and textile world".

Berlin - 200 exhibitors, around 1,000 visitors and over 20 speakers from Germany and abroad – the ATSG textile fair premiered in Berlin from 11 to 13 September 2019 brought together exhibitors, speakers and trade visitors from all over the world. Jason Prescott, CEO of JP Communications, said he was satisfied with the event at the Estrel Conference Center: "The first step has been taken, now we will establish the ATSG as an important event of the Berlin fashion and textile world".

The ATSG was the first fair of its kind in Germany. "There are many fashion trade fairs for sale from wholesale to retail. Berlin has so far lacked an event for companies of all sizes, including micro-brands and small fashion labels," continues Jason Prescott. The exhibited product categories included fabrics, technical clothing, mixed and knitted fabrics, home textiles, leather, natural and synthetic fibres, readymade goods and fashion accessories. Visitors to major European fashion brands as well as small, independent brands from the Berlin fashion scene were able to take a close look at raw materials and finished garments and discuss their ideas personally with the exhibitors. In parallel, China Textile Brand Show (Berlin), sponsored by Chinese Ministry of Commerce (MOFCOM), made its debut bringing in more than 150 superb Chinese manufacturers with their best collections for Germany and EU market.

Opening Ceremony, Lectures and Fashion Show

The ATSG was opened by Chinese government representatives and international association delegates. More than 20 lectures on the three days provided the latest impulses for thought and discussion. In their lectures and panel discussions, speakers from all over the world presented current positions on topics such as "All China? Or is there more to it?", "Application examples of artificial intelligence in the fashion industry", "Optimal logistics concepts for Europe", or "The importance of sustainability in the European fashion industry".

Wilson Zhu, COO at Li & Fung, one of the world's largest trading houses based in Hong Kong, explained in his keynote speech his view on the digitization of global supply chains: "From raw materials in the textile factory to consumer tracking: In retail, every step of the value chain is determined by digitization.

Companies need to be close to consumers and their supply chains must enable a seamless flow of data and information from start to finish". Customers and their requirements have also changed: "They want to know about origin, recyclability and production standards and use their information to adjust their purchasing behavior accordingly.” Other speakers included Jeff Streader of the brand investment platform Go Global and Salman Khokhar of Brand Lab Kollective Moda. The fashion show on the second day featured creations by local Berlin labels (Damur, Danny Reinke, Aline Celi, Yoona Tech) as well as Asian brands exhibiting at ATSG.

Successful kick-off

Exhibition organiser Jason Prescott draws a positive balance: "Looking back on the three days, I am very proud of what went well. Which has been confirmed for us: We're on an exciting path, have taken our first steps here in Berlin and will continue to develop the exhibition." The creators of ATSG 2019 are taking ideas for the year 2020 with them, especially from the many intensive discussions with exhibitors and visitors: "The ATSG has offered visitors and exhibitors a unique opportunity to identify new growth strategies, look around for market partners, learn from each other and establish networks. We are very pleased that the concept was used here in Berlin," concludes Chase Vance, Director of JP Communications.

FASHION ON DEMAND BY LECTRA AND BALSAN TECHNOLOGY TAKES UNIFORM MAKING TO THE NEXT LEVEL (c) Balsan
17.09.2019

Fashion on Demand by LECTRA and Balsan

  • Customer Story
  • Technology takes uniform making to the next level
  • To meet new challenges in the professional garment market and preserve over a century of savoir-faire, Balsan chose Lectra to modernize its production tools.

The challenge

A Groupe Marck company, Balsan designs and manufactures corporate and ceremonial clothing, tailored and customized uniforms, and personal protective equipment and clothing for the public and private sector which comply with international standards. The biggest challenge is to meet the new expectations of customers who seek increasing levels of customization with ever-shorter time-to-market deadlines.
The professional garment sector is subject to the same pressures as prêt-à-porter, and Balsan’s challenge was to produce customized clothing more quickly using intelligent manufacturing methods.


Results

  • Customer Story
  • Technology takes uniform making to the next level
  • To meet new challenges in the professional garment market and preserve over a century of savoir-faire, Balsan chose Lectra to modernize its production tools.

The challenge

A Groupe Marck company, Balsan designs and manufactures corporate and ceremonial clothing, tailored and customized uniforms, and personal protective equipment and clothing for the public and private sector which comply with international standards. The biggest challenge is to meet the new expectations of customers who seek increasing levels of customization with ever-shorter time-to-market deadlines.
The professional garment sector is subject to the same pressures as prêt-à-porter, and Balsan’s challenge was to produce customized clothing more quickly using intelligent manufacturing methods.


Results

Balsan was a pilot partner for the Fashion On Demand by Lectra solution. This alliance allowed Groupe Marck to take a new approach, involving not only the use of Fashion On Demand by Lectra’s connected cutter, but upstream software solutions as well, which are configured based on the company’s needs to best match its work methods while updating and accelerating the production process. “Using a measurement chart, Fashion On Demand by Lectra allowed us to generate well-adapted and customized patterns with which to produce our garments. The solution also provides extensive flexibility: we can send the model to the cutter, select the cutting orders and  even group them by fabric, and detect defects and launch re-cuts when necessary. This improves overall performance and delivers estimated productivity gains of 7%”. Stéphane Quiniou, Industrial and Quality Director, Groupe Marck

Lectra's response

Balsan was a pilot partner for the Fashion On Demand by Lectra solution. This alliance allowed Groupe Marck to take a new approach, involving not only the use of Fashion On Demand by Lectra’s connected cutter, but upstream software solutions as well, which are configured based on the company’s needs to best match its work methods while updating and accelerating the production process.

Source:

LECTRA

Light on the Land - the new ISKO x Miles Johnson responsible collection (c) ISKO & Miles Johnson
16.09.2019

Light on the Land - the new ISKO x Miles Johnson responsible collection

Miles Johnson and Creative Room™ designed a capsule collection “Light on the Land”, for men and women to showcase ISKO™’s R- TWO™ program.

As the world’s leading ingredient denim brand, ISKO™ is at the forefront of the sustainable and responsible fashion movement. ISKO™, who loves to partner with likeminded designers, brands and retailers in the  industry that have a passion for Responsible Innovation™, is proud to announce its partnership with renowned British fashion designer Miles Johnson. Together they have created a visionary collection that will be launched at a private showing event on September 12th, at the Fremin Gallery in New York City.

Miles Johnson and Creative Room™ designed a capsule collection “Light on the Land”, for men and women to showcase ISKO™’s R- TWO™ program.

As the world’s leading ingredient denim brand, ISKO™ is at the forefront of the sustainable and responsible fashion movement. ISKO™, who loves to partner with likeminded designers, brands and retailers in the  industry that have a passion for Responsible Innovation™, is proud to announce its partnership with renowned British fashion designer Miles Johnson. Together they have created a visionary collection that will be launched at a private showing event on September 12th, at the Fremin Gallery in New York City.

For those who love denim and cherish the planet, this partnership is a perfect match as  Miles is known for prioritizing sustainability and responsibility in his work. Miles has held leadership positions such as Design Director at Levi Strauss & Co. and Senior Creative Director of Product Design and Development at Patagonia, Inc., where he served as a pioneer in creating clothing using sustainably sourced materials. For this capsule collection, Miles worked side by side with ISKO™’s Research & Development team utilizing the ISKO R-TWO™ program which combines a mix of reused and recycled materials. The reused cotton comes from ISKO™’s own production loss, which they continuously track and trace. This has the CCS (Content Claim Standard) certification. They combine this reused cotton with recycled polyester derived from PET bottles. Depending on the content, fabrics can have the RCS (Recycled Claim Standard) certification or GRS (Global Recycled Standard) certification.

The creative direction for the collection takes form with “Light on the Land” and the whole collection is made using low impact materials and responsible finishing techniques. Miles and the ISKO™ team carefully crafted 34 designs at the Creative Room™ in Italy. The styles incorporate responsible design principles which include:

  • Minimal washing;
  • Removable trims made of eco-metal;
  • Natural based buttons and labels;
  • Green bar tacks;
  • Embroidered rivets.

Environmental messages are embroidered on six of the pieces, by the artist Giulio Miglietta. The garments are built to last and the more you wear these pieces, the more beautiful they become.

16.09.2019

Premium group partners with wholesale platform JOOR

PREMIUM GROUP announces a strategic partnership with JOOR – the world’s largest wholesale platform based in the US.

The organiser of the PREMIUM and SEEK trade shows as well as the #FASHIONTECH BERLIN conference had been looking for a strong digital platform and a partner to facilitate the step into the US market for its exhibitors for quite some time.

“With JOOR we have now found the perfect match and digital complement to support our network in entering the US market and growing sales,” explains Jörg Arntz, Managing Director of the PREMIUM GROUP. “Both our companies share the philosophy of being more impactful in joining forces and thinking beyond the boundaries. Strong networks, both online and offline, have never been as crucial as in these times of serious market transformation.”

 

PREMIUM GROUP announces a strategic partnership with JOOR – the world’s largest wholesale platform based in the US.

The organiser of the PREMIUM and SEEK trade shows as well as the #FASHIONTECH BERLIN conference had been looking for a strong digital platform and a partner to facilitate the step into the US market for its exhibitors for quite some time.

“With JOOR we have now found the perfect match and digital complement to support our network in entering the US market and growing sales,” explains Jörg Arntz, Managing Director of the PREMIUM GROUP. “Both our companies share the philosophy of being more impactful in joining forces and thinking beyond the boundaries. Strong networks, both online and offline, have never been as crucial as in these times of serious market transformation.”

 

More information:
PREMIUM GROUP JOOR
Source:

Premium Exhibitions GmbH

(c) Rieter Holding AG
13.09.2019

Rieter Completes Real Estate Sale in Ingolstadt

  • Transaction completed in Ingolstadt
  • Extraordinary profit contribution after tax of EUR 60 million expected
  • Board of Directors approves submission of building application for Rieter CAMPUS in Winterthur
  • Project volume of around CHF 80 million expected

Rieter completed the real estate sale in Ingolstadt (Germany) to GERCHGROUP AG of Düsseldorf (Germany) on September 13, 2019. As reported in December last year, Rieter expects an extraordinary profit contribution after tax of around EUR 60 million from this transaction.

The employees in Ingolstadt will move into a new building in the second half of 2021. Rieter will thus create a modern working environment for innovative research and development work and the respective support functions.

  • Transaction completed in Ingolstadt
  • Extraordinary profit contribution after tax of EUR 60 million expected
  • Board of Directors approves submission of building application for Rieter CAMPUS in Winterthur
  • Project volume of around CHF 80 million expected

Rieter completed the real estate sale in Ingolstadt (Germany) to GERCHGROUP AG of Düsseldorf (Germany) on September 13, 2019. As reported in December last year, Rieter expects an extraordinary profit contribution after tax of around EUR 60 million from this transaction.

The employees in Ingolstadt will move into a new building in the second half of 2021. Rieter will thus create a modern working environment for innovative research and development work and the respective support functions.

On September 13, 2019, the Board of Directors of Rieter Holding Ltd. has made the decisions required for the building application regarding the Rieter CAMPUS project to be submitted in good time. The Rieter CAMPUS in Winterthur will consolidate customer center, product and technology development and administration. Rieter expects to implement the project with a project volume of around CHF 80 million. Archaeological excavations and the demolition of the building “Werkhalle 40” are currently underway.

The Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and thus to the successful further development of the company. Approval of the building application is expected in spring of 2020.

 

More information:
Rieter Holding Ltd.
Source:

Rieter Holding AG