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Oerlikon logo (c) Oerlikon
Oerlikon logo
17.03.2020

Oerlikon wins three large manmade fibers orders in China

Long-term project business in China remains stable 

Oerlikon has received new large orders for manmade fibers production solutions from three of the world’s leading manmade fibers manufacturers. All three companies are based in China and have been key customers of Oerlikon for many years. The orders are for Oerlikon Barmag’s world-leading filament-spinning technology for the highly efficient production of polyester fibers. The three projects have a total value of more than CHF 600 million (EUR 565 million). A very small proportion of these projects will be recognized in Oerlikon Group’s order intake in 2020, and the majority will be accounted for in 2021 and 2022. On-site delivery and installation of these systems are planned for the period from 2021 to early 2023.

Long-term project business in China remains stable 

Oerlikon has received new large orders for manmade fibers production solutions from three of the world’s leading manmade fibers manufacturers. All three companies are based in China and have been key customers of Oerlikon for many years. The orders are for Oerlikon Barmag’s world-leading filament-spinning technology for the highly efficient production of polyester fibers. The three projects have a total value of more than CHF 600 million (EUR 565 million). A very small proportion of these projects will be recognized in Oerlikon Group’s order intake in 2020, and the majority will be accounted for in 2021 and 2022. On-site delivery and installation of these systems are planned for the period from 2021 to early 2023.

The systems business in China remains largely unchanged despite the short-term interruption caused by the coronavirus epidemic following the Chinese New Year celebrations. Long-term project planning for major customers in the manmade fibers industry has resulted in new major orders being placed with Oerlikon Barmag. One of the three new orders, valued at more than CHF300million (EUR282million), is the largest order ever received by Oerlikon Barmag, based in Remscheid, Germany.

The comprehensive manmade fibers technology solutions by Oerlikon are used along the entire value chain in polyester yarn manufacturing and contain cutting-edge automation and digitalization technologies. Oerlikon’s innovative technologies will enable the three Chinese companies to increase their production capacities for polyester yarn and to remain competitive. Oerlikon Barmag will provide the entire system for WINGS POY and WINGS FDY, as well as the texturing machines from the eFK product family in phases over a period of slightly over two years.


 

Source:

Oerlikon

Domo logo (c) Domo
Domo logo
14.03.2020

DOMO Chemicals to invest €12 million in new nylon plant in China

  • Move is in line with global growth strategy with a strong focus in the Asia Pacific region
  • Zhejiang plant will be able to produce 50,000 tons of nylon compounds annually in the longer term
  • Plant will be located in the convenient transportation port area of DuShan Pinghu city

DOMO Chemicals, a leading producer of high - quality engineering materials for a diverse range of markets, has announced plans for a new state - of - the - art plant in Zhejiang, China. The new plant will be capable of producing 50,000 tons of sustainable and innovative engineered nylon compounds each year. The company signed a new factory project through “cloud contract” with PingHu DuShan port Economic Development District on February 20, 2020. Production is expected to commence in the fourth quarter of this year.

  • Move is in line with global growth strategy with a strong focus in the Asia Pacific region
  • Zhejiang plant will be able to produce 50,000 tons of nylon compounds annually in the longer term
  • Plant will be located in the convenient transportation port area of DuShan Pinghu city

DOMO Chemicals, a leading producer of high - quality engineering materials for a diverse range of markets, has announced plans for a new state - of - the - art plant in Zhejiang, China. The new plant will be capable of producing 50,000 tons of sustainable and innovative engineered nylon compounds each year. The company signed a new factory project through “cloud contract” with PingHu DuShan port Economic Development District on February 20, 2020. Production is expected to commence in the fourth quarter of this year.

DOMO Chemicals will invest €12 million in the new plant, which will have more than 11,500 m 2-floor space. The company plans to install multiple production lines at the first stage of development, which would offer an estimated capacity of 25,000 tons/year. There will be enough additional space available to cope with future demand requirements. The move is in line with the company’s global growth strategy with a strong focus on the Asia Pacific (APAC) region.

Source:

Domo 

(c) JEC group
13.03.2020

JEC group to bring composite solutions for mobility to the 2020 Detroit Auto Show

After Mondial. Tech, NAIAS 2019, and eMove 360°, JEC Group will hold the 4th Composites Pavilion at the North American International Auto Show (NAIAS) in Detroit from June 9 to 11, 2020 in a spirit of innovation, business, and networking.

At NAIAS 2020, JEC Group will highlight the latest technologies and solutions allowing the automotive industry to innovate in product design, reduce the environmental impact of emissions and improve production rates thanks to composite materials. For the first time in 2020, the Composites Mobility Summit will simultaneously include the pavilion with a showcase of innovative parts, an extensive conference program, and a composites tour. Composite materials are a key part of the future of the Mobility industry and this Summit will both demonstrate the exciting variety of their applications, and aim to push forward their use in an even more global scope.

After Mondial. Tech, NAIAS 2019, and eMove 360°, JEC Group will hold the 4th Composites Pavilion at the North American International Auto Show (NAIAS) in Detroit from June 9 to 11, 2020 in a spirit of innovation, business, and networking.

At NAIAS 2020, JEC Group will highlight the latest technologies and solutions allowing the automotive industry to innovate in product design, reduce the environmental impact of emissions and improve production rates thanks to composite materials. For the first time in 2020, the Composites Mobility Summit will simultaneously include the pavilion with a showcase of innovative parts, an extensive conference program, and a composites tour. Composite materials are a key part of the future of the Mobility industry and this Summit will both demonstrate the exciting variety of their applications, and aim to push forward their use in an even more global scope.

Within the Composite Solutions for Mobility pavilion, the displayed parts will highlight the different applications of composites for mobility such as lightweight, design freedom, aesthetics and flexibility, resistance, strength and stiffness, function integration, hybridization, fuel storage, connectivity integration and battery housing.

 

More information:
Detroit Auto Show JEC
Source:

JEC group

(c) Lenzing
13.03.2020

Lenzing solid in a historically difficult market environment

  •  Historically difficult market environment – trade tensions put textile value chain under pressure in 2019
  •  Prices for standard viscose at a historic low
  •  Positive development of the specialty fiber business with a revenue share of already 51 . 6 percent
  •  Strategic investment projects are progressing according to plan
  •  sCore TEN targets for 2024 defined – EBITDA of EUR 800 mn

Lenzing – Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and the accompanying focus on specialty fibers once again helped to mitigate the effect of unprecedentedly low standard viscose prices.

  •  Historically difficult market environment – trade tensions put textile value chain under pressure in 2019
  •  Prices for standard viscose at a historic low
  •  Positive development of the specialty fiber business with a revenue share of already 51 . 6 percent
  •  Strategic investment projects are progressing according to plan
  •  sCore TEN targets for 2024 defined – EBITDA of EUR 800 mn

Lenzing – Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and the accompanying focus on specialty fibers once again helped to mitigate the effect of unprecedentedly low standard viscose prices.

As a result, revenue dropped by 3.3 percent from EUR 2.18 bn to EUR 2.11 bn in 2019, driven by lower selling prices as well as standard fiber volumes. Due to positive mix effects and more resilient specialty fiber prices, the share of specialty fibers increased from 45.5 percent to 51.6 percent of revenue. The earnings development was largely influenced by the decline in revenue, but also by negative currency effects on material and personnel costs. EBITDA (earnings before interest, tax, depreciation and amortization) fell by 14.4 percent from EUR 382 mn to EUR 326.9 mn. The EBITDA margin declined from 17.6 percent to 15.5 percent. Net profit, at EUR 114.9 mn, was 22.4 percent lower than in the previous year at EUR 148.2 mn. Earnings per share amounted to EUR 4. 63 ( 2018: EUR 5 . 61 ).

 

More information:
Lenzing
Source:

Lenzing

12.03.2020

Kelheim Fibres achieves low risk in first CanopyStyle Audit

Today, environmental not-for-profit organization Canopy, third-party auditor NEPCon, and Kelheim Fibres released the results of Kelheim’s CanopyStyle Audit. The company’s current supply chain is confirmed as low risk of sourcing wood from Ancient and Endangered Forests or other controversial sources.

Key findings of the audit include:

  • The company is at low risk of sourcing from Ancient and Endangered Forests;
  • The company has a limited fibre basket and uses a significant proportion of FSC-certified fibres in its viscose products; and
  • The company has begun supporting forest conservation solutions in key areas of Ancient and Endangered Forests.

In the spirit of continuous improvement, Canopy recommends that the company increase the proportion of FSC-certified fibre, and make efforts to source 100% FSC, as well as continue to invest in research and development of low-impact alternative fibres, with the goal of launching a fibre line that contain these products.

Today, environmental not-for-profit organization Canopy, third-party auditor NEPCon, and Kelheim Fibres released the results of Kelheim’s CanopyStyle Audit. The company’s current supply chain is confirmed as low risk of sourcing wood from Ancient and Endangered Forests or other controversial sources.

Key findings of the audit include:

  • The company is at low risk of sourcing from Ancient and Endangered Forests;
  • The company has a limited fibre basket and uses a significant proportion of FSC-certified fibres in its viscose products; and
  • The company has begun supporting forest conservation solutions in key areas of Ancient and Endangered Forests.

In the spirit of continuous improvement, Canopy recommends that the company increase the proportion of FSC-certified fibre, and make efforts to source 100% FSC, as well as continue to invest in research and development of low-impact alternative fibres, with the goal of launching a fibre line that contain these products.

This audit, which reflects a snapshot in time, is to be conducted annually to ensure that the company continues to meet the expectations of the CanopyStyle initiative. The audit findings contribute to Hot Button Issue Report.

The public report from Kelheim Fibre’s audit evaluations is available for download here: www.kelheim-fibres.com/en/sustainability/certificates/

More information:
Kelheim Fibres Canopy Nepcon
Source:

Kelheim Fibres GmbH

12.03.2020

Consultation Process at the Winterthur Location Completed

  • Discontinuation of assembly at the Winterthur location confirmed
  • Reduction of 87 jobs
  • Comprehensive social plan in place

On January 29, 2020, Rieter announced its intention to discontinue the assembly of machines at the Winterthur location due to structural changes in the market situation. The consultation process with employee representatives was completed March 11, 2020. After intensive discussion and detailed examination of the submitted proposals, the discontinuation of assembly and the associated reduction of 87 jobs was confirmed.

The final position was communicated to the employee representatives and the Office for Economy and Labor of the Canton of Zurich. Rieter’s employees were informed of the result. The decision will be implemented gradually during 2020.

Rieter has a comprehensive social plan. The focus is on the reintegration of affected employees with the support of the Regional Employment Centre (RAV) as well as a job center and the avoidance of hardship cases. The company intends to reduce the headcount by means of workforce turnover and early retirement, however some layoffs will be unavoidable.

  • Discontinuation of assembly at the Winterthur location confirmed
  • Reduction of 87 jobs
  • Comprehensive social plan in place

On January 29, 2020, Rieter announced its intention to discontinue the assembly of machines at the Winterthur location due to structural changes in the market situation. The consultation process with employee representatives was completed March 11, 2020. After intensive discussion and detailed examination of the submitted proposals, the discontinuation of assembly and the associated reduction of 87 jobs was confirmed.

The final position was communicated to the employee representatives and the Office for Economy and Labor of the Canton of Zurich. Rieter’s employees were informed of the result. The decision will be implemented gradually during 2020.

Rieter has a comprehensive social plan. The focus is on the reintegration of affected employees with the support of the Regional Employment Centre (RAV) as well as a job center and the avoidance of hardship cases. The company intends to reduce the headcount by means of workforce turnover and early retirement, however some layoffs will be unavoidable.

More information:
Rieter Rieter Holding Ltd.
Source:

Rieter Management AG

(c) ISKO
12.03.2020

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

Supporting the industry through innovation and creativity.

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

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

Sharing knowledge, collaborating for change.

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

Supporting the industry through innovation and creativity.

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

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

Sharing knowledge, collaborating for change.

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

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

Source:

ISKO

NCTO (c) NCTO
12.03.2020

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

Rejects Importer Attempts to Remove China 301 Tariffs on Finished Products

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

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

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

Rejects Importer Attempts to Remove China 301 Tariffs on Finished Products

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

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

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

  • U.S. employment in the textile supply chain was 594,147 in 2018.

  • The value of shipments for U.S. textiles and apparel was $76.8 billion in 2018.

  • U.S. exports of fiber, textiles and apparel were $30.1 billion in 2018.

  • Capital expenditures for textile and apparel production totaled $2.0 billion in 2017, the last year for which data is available.

 

More information:
NCTO
Source:

NCTO

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

perPETual and Polygenta manufacture using Oerlikon's WINGS

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

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

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

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

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

More information:
Oerlikon
Source:

Oerlikon

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

SGL Carbon: fiscal year 2019

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

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

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

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

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

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

More information:
SGL Carbon
Source:

SGL Carbon

TERASIL BLUE W (c) HUNTSMAN
TERASIL BLUE W
11.03.2020

HUNTSMAN TEXTILE EFFECTS INTRODUCES TERASIL® BLUE W DYE

A BREAKTHROUGH TECHNOLOGY FOR DYEING POLYESTER AND ITS BLENDS

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

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

A BREAKTHROUGH TECHNOLOGY FOR DYEING POLYESTER AND ITS BLENDS

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

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

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

More information:
Huntsman Textile Effects
Source:

HUNTSMAN

NCTO (c) NCTO
11.03.2020

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

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

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

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

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

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

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

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

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

  • U.S. employment in the textile supply chain was 594,147 in 2018. 
  • The value of shipments for U.S. textiles and apparel was $76.8 billion in 2018. 
  • U.S. exports of fiber, textiles and apparel were $30.1 billion in 2018. 
  • Capital expenditures for textile and apparel production totaled $2.0 billion in 2017, the last year for which data is available
More information:
NCTO
Source:

NCTO

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

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

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

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

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

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

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

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

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

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

More information:
Baldwin
Source:

Baldwin

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

Stephan Trubrich new Vice President Capital Markets at Lenzing

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

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

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

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

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

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

More information:
Lenzing
Source:

Lenzing AG

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

Rieter: Financial Year 2019

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

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

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

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

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

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

EBIT Margin, Net Profit and Free Cash Flow

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

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

More information:
Rieter
Source:

Rieter

Bremer Baumwollbörse. (c) Bremer Baumwollbörse.
Bremer Baumwollbörse.
06.03.2020

Postponement of The 35th International Cotton Conference Bremen

We are now facing this challenge here in Bremen on the occasion of our 35th International Cotton Conference, which was to take place from 25 to 27 March. The coronavirus has been keeping the world on tenterhooks for some weeks now and, as you may have heard in the news, has also arrived in Germany and Bremen. As the organiser of an international conference, we have been forced to make a decision and it was by no means easy for us.
Due to the prevailing global threat from Covid-19, we will postpone the 35th International Cotton Conference Bremen for one year.
The World Health Authority (WHO), as well as the European and German health authorities are advising of significant health risks from transmission of the coronavirus. According to the Federal Foreign Office, data on the new virus is currently still limited, which makes risk assessment even more difficult.

We are now facing this challenge here in Bremen on the occasion of our 35th International Cotton Conference, which was to take place from 25 to 27 March. The coronavirus has been keeping the world on tenterhooks for some weeks now and, as you may have heard in the news, has also arrived in Germany and Bremen. As the organiser of an international conference, we have been forced to make a decision and it was by no means easy for us.
Due to the prevailing global threat from Covid-19, we will postpone the 35th International Cotton Conference Bremen for one year.
The World Health Authority (WHO), as well as the European and German health authorities are advising of significant health risks from transmission of the coronavirus. According to the Federal Foreign Office, data on the new virus is currently still limited, which makes risk assessment even more difficult.

In total, participants from more than 40 nations travel to Bremen for the Cotton Conference. In addition to the main conference, there are numerous side events. Many of our guests and conference participants are currently unsettled by the many negative reports. In the context of their responsibility, the organisers, the Bremen Cotton Exchange and the Fibre Institute Bremen, take the risks and concerns of all participants extremely seriously and would like to ensure planning reliability given the situation.

The 35th International Cotton Conference Bremen with the motto “Passion for Cotton” will now take place from 17 to 19 March 2021.

 

Source:

Bremer Baumwollbörse.

Oerlikon: Automatisiertes Schaben reduziert Fadenbrüche (c) Oerlikon
Oerlikon: Automatisiertes Schaben reduziert Fadenbrüche
05.03.2020

Oerlikon: Automated wiping reduces yarn breaks

Following its installation at several major yarn manufacturers in China, the first wiping robot has now been operating in India since the end of 2019. As already the case with our Chinese clients, the performance of the Oerlikon Barmag solution there demonstrates the same properties: an even, high-quality wiping process providing considerably reduced yarn break rates and higher full package rates. Regular wiping (cleaning) of the spin packs is important for process stability and yarn quality.

Following its installation at several major yarn manufacturers in China, the first wiping robot has now been operating in India since the end of 2019. As already the case with our Chinese clients, the performance of the Oerlikon Barmag solution there demonstrates the same properties: an even, high-quality wiping process providing considerably reduced yarn break rates and higher full package rates. Regular wiping (cleaning) of the spin packs is important for process stability and yarn quality.

The performance data at the Indian yarn manufacturer was collated and evaluated over a period of three months. The results revealed that the yarn break rate has – regardless of the product – fallen by almost 30%. The former running time breaks have decreased by 10% and string-up breaks by 40%. Consequently, full package rates have risen by 3%, while waste rates have fallen by 0.2%. “Yarn breaks are always an issue; they have a direct impact on the production figures. This is where the wiping robot reveals its added value”, comments Stephan Faulstich, Technology Manager POY. The system automatically and autonomously controls the individual positions in accordance with the scheduled wiping cycles. In addition to the scheduled wiping processes, there are also events that cannot be planned or that are not immediately visible. Here, the wiping robot – as a result of its management functionalities – is able to identify issues such as yarn breaks or parallel wiping processes and to independently offer solutions. The same also applies to manual requests: if another action is simultaneously required here, the system identifies this and offers solutions.

The wiping robot operates in a cross-line manner. In contrast to manual wiping, the cleaning quality remains constant around the clock, considerably reducing the impact of the wiping on both the spinning plant process stability and on the yarn data of the spun yarn. And production times can be increased between two cleaning cycles as well: whereas repeated wiping is required after 48 hours in the case of manual wiping, utilizing the robot extends the interval between two wiping processes to up to 60 hours. The considerable increase in the spinning process efficiency achieved by the wiping robot also has a positive impact on margins. To this end, one customer deploying the wiping robot was able to reduce its production costs for the same yarn by more than 3%.

More information:
Oerlikon Barmag
Source:

Oerlikon

Industry players from key international markets gather at Intertextile annually (c) Messe Frankfurt
Industry players from key international markets gather at Intertextile annually
05.03.2020

Strong exhibitor registration shaping up for Intertextile Shanghai Home Textiles – Autumn Edition

Exhibitor registration for the Autumn Edition of Intertextile Shanghai Home Textiles has been strong since applications opened in December last year. Renowned global players such as D Décor Home Fabrics (India), G.M. Syntex Pvt (India), Naturtex (Hungary) and SIC Global Textiles (Poland) are amongst those to have already confirmed their participation. Held from 24 – 26 August 2020, the fair is the largest trade platform in China for international buyers to meet potential supply partners in the second half of the year. The fair’s early bird discount will be extended until 30 March. Interested companies can register online to enjoy a 10% discount.

Discover abundant new products and design trends
As the leading business platform for the home and contract textile industry in the Asia Pacific region, participants of Intertextile can always discover the latest innovations and trends of the textile and interior design industry. This year, the fair continues to cover the entire spectrum of home and contract textile products including:

Exhibitor registration for the Autumn Edition of Intertextile Shanghai Home Textiles has been strong since applications opened in December last year. Renowned global players such as D Décor Home Fabrics (India), G.M. Syntex Pvt (India), Naturtex (Hungary) and SIC Global Textiles (Poland) are amongst those to have already confirmed their participation. Held from 24 – 26 August 2020, the fair is the largest trade platform in China for international buyers to meet potential supply partners in the second half of the year. The fair’s early bird discount will be extended until 30 March. Interested companies can register online to enjoy a 10% discount.

Discover abundant new products and design trends
As the leading business platform for the home and contract textile industry in the Asia Pacific region, participants of Intertextile can always discover the latest innovations and trends of the textile and interior design industry. This year, the fair continues to cover the entire spectrum of home and contract textile products including:

  • Decorative Fabrics (Upholstery & Curtains)
  • Bedding, Bath, Kitchen & Table
  • Carpets & Rugs
  • Sun-Protection
  • Wallcoverings
  • Textile Editors
  • Whole Home Products
  • Digital Print & Technics
  • Fibres, Yarns & Chemicals
  • Textile Designs

In addition, Intertextile is pleased to cooperate with the renowned international forecasting agency NellyRodi™ from France again in presenting the hottest international home furnishing trends. A trend committee led by NellyRodi and formed by top forecasters including Carlotta Montaldo, Juliette Lamarca, Shen Lei and Studio NOCC will be responsible for determining the major design trends which will be demonstrated in the three-day fair via a series of events and displays. More details about the trends will be announced soon.

Source:

 Messe Frankfurt

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

Italian Converter presents new materials

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

Here are some highlights of the collection:

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

Here are some highlights of the collection:

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

 

More information:
Italian Converter
Source:

GB Network

Autoneum (c) autoneum
Autoneum
04.03.2020

Autoneum: Report on financial year 2019

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

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

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

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

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

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

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

 

More information:
Autoneum
Source:

autoneum