From the Sector

• Waiver of dividend
• Expansion of Board of Directors

The shareholders of Autoneum Holding Ltd approved all proposals of the Board of Directors at today’s Annual General Meeting and agreed to forgo dividend payments. Liane Hirner and Oliver Streuli were newly elected to the Board of Directors. Based on Art. 27 of the Covid-19 Ordinance 3, the Board of Directors of Autoneum Holding Ltd decided to hold the 2021 Annual General Meeting without physical attendance by the shareholders. For this reason, the Company had asked them in advance to exercise their rights exclusively via the Independent Proxy. He represented 63.5% of a total of 4 672 363 shares.

The shareholders approved the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements 2020. In view of the net loss in the 2020 financial year, the Board of Directors proposed forgoing dividend payments, which was approved by a large majority of the shareholders. Hans-Peter Schwald, Chairman of the Board of Directors, said: “2020 was extremely challenging for the entire automobile industry and also for Autoneum. The pandemic-related drop in revenue has impacted profitability. Despite the net loss, Autoneum reached important financial improvements in 2020. We expect to return to profitability in 2021 and our aim to distribute at least 30% of the net profit attributable to Autoneum shareholders as dividends remains unchanged. The Board of Directors, the Group Executive Board and the Company as a whole are committed fully to ensuring that Autoneum continues to make significant operational and financial improvements.”

Chairman Hans-Peter Schwald and the other members of the Board of Directors, Rainer Schmückle, Norbert Indlekofer, Michael Pieper, This E. Schneider and Ferdinand Stutz were confirmed in office. Newly elected to the Board of Directors were Liane Hirner and Oliver Streuli.

With Liane Hirner and Oliver Streuli and the resignation of Peter Spuhler, who did not stand for reelection in order to be able to focus on managing Stadler Rail, the Board of Directors of Autoneum Holding Ltd has expanded from seven to eight members. Hans-Peter Schwald explained: “The expertise of Liane Hirner and Oliver Streuli in the areas of finance and corporate management is of great value to Autoneum. As the Board of Directors, we look forward to this enhancement to the Board and to working with both of them.”

Peter Spuhler has been an important driving force since the Company became independent, he played a major role in shaping Autoneum thanks to his entrepreneurial expertise and showed great commitment to the Company. The Board of Directors thanks him sincerely and wishes him continued success.

This E. Schneider, Hans-Peter Schwald and Ferdinand Stutz were re-elected to the Compensation Committee. Oliver Streuli was elected as a new member of this committee. In addition, the shareholders of Autoneum Holding Ltd granted discharge to all members of the Board of Directors and the Group Executive Board with a large majority.

The consultative vote on the 2020 remuneration report was approved by 83.4%. Due to the severe impact of the coronavirus pandemic on the Group’s business development, the members of the Board of Directors renounced half of their compensation for the 2020 financial year and, in order to  align their remuneration with shareholder interests, decided to receive it entirely in Autoneum shares. In addition, a waiver of salary amounting to 10% of the basic salary for a period of three months was agreed upon with the senior management as part of a reduction of personnel costs.

The proposals for the remuneration of the Board of Directors and the Group Executive Board for the 2022 financial year as well as the other proposals were also approved by a large majority.

The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, held its officer elections for fiscal year 2021 today.

NCTO has re-elected David Roberts, CEO of Cap Yarns, as Chairman and David Poston, President of Palmetto Synthetics, as Vice Chairman.

In addition to the appointment of a new chairman and vice chairman, NCTO elected chairs for each of its four councils. NCTO is comprised of four councils to ensure a broad representation of the industry supply chain. Each council has an allotted number of members who are elected to the association’s Board of Directors, in addition to the Executive Committee.*

“This is a critical juncture for our industry, which answered the call of the nation to produce lifesaving personal protective equipment (PPE) for frontline workers battling the COVID-19 pandemic,” said NCTO President and CEO Kim. “We will continue to engage with all stakeholders to press for policies that support the industry overall, help onshore PPE production and create a permanent domestic supply chain.”

*See attached document for more information.

• Michael Pieper is not standing for re-election
• Stefaan Haspeslagh will be proposed for election to the Board of Directors at the Annual General Meeting
• The change is related to the transfer of the shareholding of Artemis Beteiligungen I AG to Picanol Group

Michael Pieper, a member of the Board of Directors of Rieter Holding AG since 2009, has informed Rieter that Artemis Beteiligungen I AG has sold its 11.5% block of shares to the Picanol Group (Picanol NV), Belgium, and that he thus will not stand for re-election at the Annual General Meeting on April 15, 2021.

Michael Pieper has supported and helped to significantly shape the development of Rieter for more than ten years. He joined Rieter as a major shareholder in 2008, and since then has been strongly involved in the strategic realignment of the group.

“On behalf of the Rieter Group, I extend our sincere gratitude to Michael Pieper for his extremely successful and valuable work on the Board of Directors and, above all, for his commitment as a long-term major shareholder,” said Bernhard Jucker, Chairman of the Board of Directors of Rieter Holding AG.

The Board of Directors of Rieter Holding AG today announced its intention to propose Stefaan Haspeslagh for election to the Board of Directors at the Annual General Meeting on April 15, 2021.
Stefaan Haspeslagh (born 1958) holds a Master’s degree in Applied Economics from the University of Antwerp, Belgium. He has been Chairman of the Board of Directors and Chief Financial Officer of the Picanol Group (Picanol NV), Belgium, since 2010. In addition, Stefaan Haspeslagh has also been Chairman of the Board of Directors, Chief Operating Officer and Chief Financial Officer of the Tessenderlo Group NV, Belgium, since 2014. As a director of Cellpack NV, Belgium, he has been in office since 2001.

“Rieter welcomes the new major shareholder, Picanol NV. Luc Tack, majority shareholder and CEO of Picanol, has been a member of the Board of Directors of Rieter for four years. Stefaan Haspeslagh is characterized by broad, international management experience in the textile sector and is very well connected in the industry”, stated Bernhard Jucker, Chairman of the Board of Directors.

All other current members of the Board of Directors will stand for reelection at the Annual General Meeting.

With the pollen season starting, new independent test results by the German external laboratory BMA-Labor have shown Purissimo’s™ effectiveness against pollen, making it an all-in-one solution for reducing allergens.

Devan’s allergen control technology, known as Purissimo™, has been found effective against allergens from pollen. The technology had already been proven to significantly reduce the amount of allergens from house dust mites and pets (cats & dogs).

“Allergens are small protein molecules, which can cause allergic reactions and asthma. All allergy sufferers are different when it comes to their sensitivity to allergens”, says Sofie Depluverez, PhD researcher at Devan. “However, few people are only allergic to a single allergen – and the effects of multiple allergens can add up. The key to reducing and even eliminating symptoms is to reduce your exposure to the allergens themselves.”

Allergy threshold
When people move into a house or bring in a new dog, the number of allergens starts to rise. In the beginning there are little to none, so the allergy threshold causing symptoms is far from being reached. Nobody is suffering any reaction at this stage.

“As time goes by, the various allergens start to build up inside the house, certainly when ventilation is limited”, Depluverez continues. “As the allergen concentration increases (especially in combination with seasonal allergens such as pollen), the allergy threshold may be reached if no allergen reduction measures are in place.”

Purissimo™
Purissimo™ is a natural allergen control technology that significantly reduces allergens from pet dander, dust mites and pollen in textiles throughout the home. The technology is based on encapsulated probiotics, which are naturally occurring microorganisms similar in kind to those you can find in probiotic yogurt, tempeh, kombucha.

Inactive probiotics (spores) are encapsulated and integrated onto the textiles. Friction opens the microcapsules and releases the spores. The spores absorb humidity and self-activate. They are transformed into probiotic bacteria that start to consume the allergens.

“As the probiotics consume the allergens, exposure is gradually reduced to below threshold levels”, Depluverez adds. “Therefore, individuals with respiratory allergies will be exposed to fewer ‘attacks’ and perceive a better well-being.”

• 90 Jahre Mut, Kraft und Zuversicht

Die Geschichte der heutigen Weitblick GmbH & Co. KG beginnt im September 1931 mit einem kleinen Ladengeschäft in Frankfurt am Main, in dem Gottfried Schmidt Berufskleidung verkauft. Sein Pioniergeist, sein Mut und seine Zuversicht sind es, die in sehr schwierigen Zeiten den Grundstein für das Unternehmen gelegt haben. 2021 blickt Weitblick nun voller Stolz auf bereits 90 Jahre Unternehmenstradition und die daraus entwickelte Erfolgsgeschichte zurück.

Zwischen Tradition und Moderne

Stets blieb das Geschäft in Familienhand. Wolfgang Schmidt, Sohn des Gründers, wagte neben dem Einzelhandel seines Vaters den Schritt ins Objektgeschäft und begann bereits in den 50er Jahren mit dem Aufbau einer eigenen Produktion. Die Vollbeschäftigung rund um Frankfurt zwang die Unternehmer 1961 dazu, tief im Spessart eigene Betriebe zu gründen, um ausreichend Arbeitskräfte zu finden. Dank Flexibilität und Mut zu Innovation konnten erste eigene Kollektionen entwickelt werden. Und weil es damals wie heute beim Thema Qualität niemals Kompromisse gab, ließ der Erfolg nicht lange auf sich warten. Davon zeugen noch heute Kundenbeziehungen, die über Jahrzehnte hinweg Bestand haben.

„Es war immer klar, dass mein Bruder und ich das aufgebaute Unternehmen weiterführen und mit unserer eigenen Handschrift weiter entwickeln möchten. Sowohl unser Vater als auch unser Großvater haben ihre Arbeit mit jeder Faser geliebt und stets mit großer Leidenschaft und Vision ausgeübt. Das war wegweisend und motivierend.“, erläutert Claus Schmidt, Enkel des Unternehmensgründers und heutiger Geschäftsführer bei Weitblick. 1983 übernimmt er als dritte Generation erstmals Verantwortung im Unternehmen und prägt mit einem harmonischen Augenmaß zwischen traditionellen Werten und den fortschreitenden Veränderungen der globalen Wirtschaftswelt die Unternehmensführung bis heute. Unter seiner Ägide werden anspruchsvolle Marken-Kollektionen entwickelt, die für die Industriewäsche geeignet sind und eine modische Handschrift tragen. Innovative Entwicklungen, wie die erste normkonforme HACCP-Kollektion für die lebensmittelverarbeitende Industrie, festigten Weitblick langsam, aber sicher seine Vorreiter-Funktion im Bereich industriewäschegeeigneter Workwear. Der Ausbau der Produktion in Europa wurde von Alexander Schmidt entwickelt und stets unter fairen und partnerschaftlichen Bedingungen zum Wohle aller Beteiligten geführt. Die wegweisende, erste nachhaltige Öko-Kollektion „ÖkoMax“ im Jahr 1993 musste leider wieder eingestellt werden, weil zwar die Produktion – nicht aber hingegen der Kunde – bereit für voll kompostierbare, nachhaltige Berufsbekleidung war.

Zukunft kreieren

1991 wurde der weitläufige Hauptsitz am neuen Standort Kleinostheim gebaut. Viel hat sich seither bei Weitblick, damals noch als Gottfried Schmidt OHG firmierend, bewegt. Mit der erfolgreichen Einführung des zentralen Markenauftritts unter Weitblick im Jahr 2016 begann die strategische Neuausrichtung des Unternehmens. Durch organisches, wohlüberlegtes Wachstum sind es heute mehr als 140 MitarbeiterInnen an den Standorten leinostheim und Alzenau sowie über 1.200 Beschäftigte in europäischen Produktionsbetrieben, die sich täglich für Weitblick-Kunden einsetzen. 2017 wurde das hochmoderne Logistikzentrum in Alzenau in Betrieb genommen, 2019 folgte der Bau der innovativen Bürolandschaft am Hauptsitz. Neben Claus Schmidt sind heute seine beiden Kinder Isabelle und Felix Schmidt als Gesellschafter mit eigenen verantwortlichen Bereichen im Unternehmen aktiv. Aber ein Unternehmen ist nichts ohne ein starkes und motiviertes Team. Als Geschäftsführer an der Spitze bildet Felix Blumenauer mit den Prokuristen Uwe Baier, Michael Dyroff und Philipp Hartmann eine starke Führungsmannschaft, die gemeinsam mit allen WeitblickerInnen die Familientradition fortführt und die Unternehmensvision “Begeisterung gemeinsam kreieren“ trägt und prägt.

Zusammen alles schaffen

Wenngleich die im Jubiläumsjahr geplanten Veranstaltungen und Feierlichkeiten Corona-bedingt abgesagt werden mussten: Es gibt zahlreiche Ideen, um diese lange Unternehmenstradition a sreichend zu würdigen. Dabei wurde – und das ist typisch für Weitblick – vor allem an die Kunden gedacht: Zahlreiche neue Kollektionen werden im Jubiläumsjahr gelauncht, darunter auch ein großes Sortiment aus Fairtrade Baumwolle und recyceltem Polyester. Neben der eigenen Co2-Neutralität arbeitet Weitblick mit seinem größten Gewebelieferanten derzeit an Konzepten zum Vollrecycling. Ein bahnbrechender Online- und Veredelungskonfigurator wird gerade in eigener Regie entwickelt. Die intuitive Bedienbarkeit und innovativste Features werden die Customer-Experience auf ein neues Level heben.

Weitblick hat große Ziele, vor allem bei der Umsetzung des Nachhaltigkeitskonzeptes. „Bei allem Stolz auf unsere Herkunft und lange Tradition: unseren Blick richten wir immer Richtung Zukunft, wollen auf allen Ebenen, gemäß unserer Unternehmensvision, gemeinsam Begeisterung kreieren. Ich möchte unsere Verantwortung für nachhaltiges Unternehmertum und soziales wie umweltfreundliches Agieren weiter forcieren und den Weg, den wir bereits eingeschlagen haben, Schritt für Schritt weitergehen.“, erklärt Isabelle Schmidt ihre Vision für Weitblick. Das Unternehmen wird 2021 das Nachhaltigkeitszertifikat des Grünen Knopfes einführen. 

Große Herausforderungen gilt es derzeit vor allem aufgrund von Corona zu meistern Gut, dass Weitblick hier mit einer hochmodernen Organisation optimal gerüstet ist und reibungslos arbeiten kann. Es ist nicht die erste Krise, die das Unternehmen mit Erfolg durchlebt hat. „90 Jahre sind für mich als vierte Familiengeneration gefühlt sehr weit weg. Was ich aber von meinem Urgroßvater mitnehme, sind die Leitgedanken Mut, Kraft und Zuversicht. Sie haben nichts von ihrer Strahlkraft verloren und bestärken mich in der Idee, dass wir gemeinsam alles schaffen können.“, ergänzt Isabelle Schmidt.

Zu Beginn des Jubiläumsjahres wurde das Unternehmen offiziell von der bisherigen „Gottfried Schmidt OHG“ auf die „Weitblick GmbH & Co. KG“ umfirmiert. Der Firmenname Gottfried Schmidt ist damit Geschichte. Aber eben eine Geschichte, die bleibt. Und von einer neuen Familiengeneration und dem Team weitergeschrieben wird.

• Webtalk on material efficiency and recycling for the manmade fiber industry

 
The next VDMA technology webtalk is scheduled for 9th February 2021 (2-4 pm CET). The focus will be on "Material efficiency & recycling technologies for the manmade fiber industry".

The presenters and their topics at a glance:

• Manfred Dobersberger, PureLoop and Wolfgang Hermann, EREMA Engineering Recycling Maschinen und Anlagen will present an integrated shredder extrusion technology for fibrous, textiles scraps, multilayers, films, trays, straps, foam, trays but also polymer mix materials from textiles and even classical thermoplastic composite materials.
• Axel Hannemann, company Gneuss, offers recycling solutions which enable the fibre manufacturer to use their otherwise worthless fibre waste to substitute virgin material in the manufacture of high-quality fibres.
• Markus Reichwein, Oerlikon Manmade Fibers: “We at Oerlikon Manmade Fibers describe a cascaded approach into new technologies as well as different material sources outlining your need for versatile solutions.”

After the presentations, the experts will be available to answer the participants' questions. Registration is possible.

Paper Converting Machine Company (PCMC) is pleased to announce that Andy Piotter has accepted the position of Business Development Manager, Packaging Systems.

In this role, Piotter will develop the company’s new packaging systems division, which will specialize in creating dynamic, comprehensive and efficient tissue packaging systems for customers around the world.

Piotter brings more than 35 years of experience in developing complete packaging systems for a variety of industries. He joins PCMC after being extensively involved in engineering, sales, and business management and development.

“Andy’s expertise and customer relationships are exactly what PCMC needs as we launch this new business segment,” said Jason Hilsberg, Tissue Sales Director for PCMC. “Creating comprehensive, effective and thoughtful packaging systems requires a unique understanding of technology, capital equipment and the ever-changing tissue environment—and Andy brings all of that, in addition to a passion for customer service. We’re thrilled to have him join our team.”

• DushaGreya is a well-known brand from talented Moscow-based designer, Natalia Dushagreya, who puts her all into her unique creations.

Combining her outstanding creativity with cutting-edge digital printing technology, Natalia has been delighting women with eye-catching, comfortable clothes, which boast unparalleled individuality and vivacity for several years. “The quality of digital prints surpasses that of traditional fabrics, both in the variety of colour compositions and in the contrast and clarity when printing small details or complex geometric elements. Digital technology makes it possible to achieve exceptionally smooth colour transitions, which is almost unattainable when using analogue printing methods. As a designer, I make sure to fully leverage the advantages of digital printing when designing and producing my collection”, says Natalia.

By the time the DushaGreya brand begun, Natalia and her like-minded associate and father, Alexander Kordovatov, already had experience in the field of sublimation printing and knew that printing on fabric for subsequent tailoring would be carried out using this technology. However, no third-party performers could be found that would meet the quality and deadline requirements of the brand, so they decided to purchase new equipment and start printing at their own site. 

Alexander says. “We also found out that Smart-T (Mimaki's distributor in Russia), the supplier of this equipment in Moscow, is highly rated by the industry community and customers due to its professional expertise, first-line service support, and highly qualified engineers.” At the end of 2019, Smart-T installed the highly anticipated Mimaki Tx300P-1800 direct textile printer at the DushaGreya facility. Today it prints fabrics for dresses, skirts, T-shirts, fleeces, jumpers, hoodies, trench coats, and other midwear.

"Mimaki Tx300P-1800 is the only printer in the Mimaki line that allows us to print on natural fabrics without pre-processing,” Alexander comments. “This gives us the ability to produce short, original print runs at no extra cost, which is vital in achieving our goals. The TP400 pigment inks used in this printer have an expanded colour gamut, so the prints are always bright and saturated.”

Tobias Staehle übernimmt Endverbrauchergeschäft (EMEA) bei Freudenberg Home and Cleaning Solutions (FHCS) und wird neuer Regional President EMEA Consumer. Er tritt zum 1. Februar 2021 die Nachfolge von Juan Dangla an, der nach 33 Jahren bei FHCS in den Ruhestand gehen wird. In seiner neuen Funktion verantwortet Staehle das Endverbrauchergeschäft des Weinheimer Unternehmens, zu dem Haushaltsmarken wie Vileda, Gimi, Wettex und Marigold gehören. Staehle berichtet an Karin Overbeck (CEO).

„Mit Tobias Staehle haben wir einen sehr erfahrenen Manager gewinnen können. Er wird einen wichtigen Beitrag dazu leisten, das Wachstum in unserer umsatzstärksten Region voranzubringen und nachhaltig zu sichern“, kommentiert Overbeck. Staehle ergänzt: „Mein Fokus wird sein, Marktanteile im Kerngeschäft zu gewinnen sowie neue Wachstumsfelder für das Markenportfolio zu identifizieren. Dabei werden die Themen Hygiene und Nachhaltigkeit eine wichtige Rolle im Marketing und der Entwicklung spielen.“

Staehle ist seit November 2020 bei FHCS und blickt auf 20 Jahre Vertriebs- und Marketing-Erfahrung in der Konsumgüterindustrie zurück. So hatte er Führungsrollen auf nationaler, regionaler und globaler Ebene inne, unter anderem bei den namhaften Markenherstellern Wella, Kao und Procter & Gamble. Zuletzt verantwortete er als Managing Director bei Revlon das Geschäft in Deutschland, Österreich und der Schweiz.

Reflecting the pandemic-related drop in worldwide vehicle production, Autoneum’s revenue in local currencies fell by –18.7% in 2020, although the second half of the year saw a significant market recovery. Group revenue in Swiss francs fell by –24.2% year-on-year to CHF 1 740.6 million. For the full year 2020, the EBIT margin will be around 1.5% and the free cash flow slightly over CHF 100 million.
At the Annual General Meeting on March 25, 2021, the Board of Directors will propose Liane Hirner and Oliver Streuli for election to the Board of Directors of Autoneum Holding. Peter Spuhler will not stand for re-election.

At 74.5 million, the number of light vehicles produced globally in 2020 was down –16.2% compared to the previous year, where around 89 million vehicles were manufactured. Autoneum’s revenue in local currencies decreased by –18.7% in 2020, pretty much in line with the negative market dynamics. The somewhat stronger decline of revenue compared to the market results from a lower share of Asia in Autoneum's total revenue. Impacted by the appreciation of the Swiss franc against the most important currencies for Autoneum, the consolidated revenue dropped in 2020 by –24.2% to CHF 1 740.6 million. The heterogeneous development of the first and second half of the year was characteristic for the pandemic-driven automotive year 2020. Worldwide lockdowns and production stoppages at vehicle manufacturers led to a market slump in the first six months and a corresponding loss in revenue for Autoneum. Thanks to the subsequent market recovery and catch-up effects in the second half of the year, revenue improved considerably compared to the first half of the year.

Revenue development in Asia and SAMEA region significantly better than market
While revenues in local currencies of the highest-volume Business Groups Europe and North America decreased by –25.6% and –19.3% respectively, reflecting the regional, pandemic-driven market development (Europe: –22.9%; North America: –20.1%), Business Group Asia almost held its prior-year level with an organic decline of only –2.1% in 2020 thanks to the strong upturn in automobile production in China in the second half of the year and despite the fact that the number of vehicles produced in Asia fell by –11.4%.*

Personnel changes to the Board of Directors
At the Annual General Meeting on March 25, 2021, the Board of Directors of Autoneum Holding will propose Liane Hirner and Oliver Streuli for election as new members of the Board of Directors.
Liane Hirner has been CFO and member of the Management Board of Vienna Insurance Group, based in Vienna, Austria, since 2018.*

Oliver Streuli, a Swiss national, has been CEO of PCS Holding, based in Frauenfeld (Canton Thurgau), Switzerland, since 2019.*

Peter Spuhler has been a member of the Board of Directors of Autoneum since 2011 and will not stand for re-election at the Annual General Meeting on March 25, 2021.*

*See attached document for further informationen