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10.06.2020

“Autoneum Pure.”: new sustainability label for products

Technologies with an excellent environmental performance throughout the entire product life cycle – that is what “Autoneum Pure.” stands for. In future, components that meet the highest standards in terms of sustainability and eco-friendliness can be identified at a glance under this label. This also includes the innovation “Mono-Liner” for wheelhouse outer liners.

As innovation leader in acoustic and thermal management, Autoneum continuously invests in the development and production of resource-saving components that make cars lighter and thus more climate-friendly. In view of an increasing sustainability awareness and the correspondingly greater information needs on environmentally-friendly vehicle components, the Company has now launched Autoneum Pure. The label determines particularly sustainable technologies, thereby guiding car manufacturers in product selection for future models.

Technologies with an excellent environmental performance throughout the entire product life cycle – that is what “Autoneum Pure.” stands for. In future, components that meet the highest standards in terms of sustainability and eco-friendliness can be identified at a glance under this label. This also includes the innovation “Mono-Liner” for wheelhouse outer liners.

As innovation leader in acoustic and thermal management, Autoneum continuously invests in the development and production of resource-saving components that make cars lighter and thus more climate-friendly. In view of an increasing sustainability awareness and the correspondingly greater information needs on environmentally-friendly vehicle components, the Company has now launched Autoneum Pure. The label determines particularly sustainable technologies, thereby guiding car manufacturers in product selection for future models.

Autoneum Pure is based on a comprehensive set of criteria assessing the sustainability performance of a product in all four phases of its life cycle: material procurement, production, use and end of life. For example, components with a high content of recyclable materials or those that achieve significant weight savings compared to comparable standard components qualify for the “Autoneum Pure.” label. Autoneum already offers various multifunctional technologies that meet the high standards for Autoneum Pure products: Ultra-Silent for underbody systems or battery undercovers, Di-Light for carpet systems, Prime-Light and IFP-R2 for inner dashes and floor insulators as well as Hybrid-Acoustics PET for e-motor encapsulations and engine-mounted parts, which was launched in fall 2019.

With Mono-Liner, the latest innovation for wheelhouse outer liners is also included in the Autoneum Pure portfolio. Among other things, the Mono-Liner-based components convince thanks to their lightweight construction, thereby contributing to lower vehicle weight with correspondingly less fuel consumption and emissions. The excellent life cycle assessment is also based on their particularly resource-saving manufacturing: Production cut offs of the components, which consist to a large extent of recycled PET fibers, can be processed into pellets and completely returned to the manufacturing process as fibers. An SUV and a crossover model from a US vehicle manufacturer already benefit from Mono-Liner wheelhouse outer liners.

Anahid Rickmann, Head of Corporate Communications & Responsibility, explains: “With Autoneum Pure we are the first automotive supplier to establish a sustainability label in the field of acoustic and thermal management. Autoneum Pure is part of the Company's Advance Sustainability  Strategy 2025 and sets industry standards in product communication.”

Source:

Autoneum Holding AG

 New Recycled Fibre FinexTM in Stores; Sateri Partners Fashion Brands to Unveil Product (c) Finex
Finex Circularity Model
08.06.2020

New Recycled Fibre FinexTM in Stores; Sateri Partners Fashion Brands to Unveil Product

Shanghai – Sateri has unveiled FinexTM as its new product brand for recycled fibre. FinexTM, short for ‘Fibre Next’, is an innovative next-generation cellulosic fibre containing recycled content. Internationally known outdoor brand Lafuma has produced FinexTM apparel ahead of 618, China’s major mid-year online shopping festival, while independent China designer Rico Lee will launch his FinexTM apparel next month.

Since its announcement in March this year of a breakthrough in commercial production of viscose using recycled textile waste, Sateri has worked closely with its downstream yarn and garment manufacturing partners to bring the recycled fibre product to the consumer market.

Shanghai – Sateri has unveiled FinexTM as its new product brand for recycled fibre. FinexTM, short for ‘Fibre Next’, is an innovative next-generation cellulosic fibre containing recycled content. Internationally known outdoor brand Lafuma has produced FinexTM apparel ahead of 618, China’s major mid-year online shopping festival, while independent China designer Rico Lee will launch his FinexTM apparel next month.

Since its announcement in March this year of a breakthrough in commercial production of viscose using recycled textile waste, Sateri has worked closely with its downstream yarn and garment manufacturing partners to bring the recycled fibre product to the consumer market.

“We’re pleased to collaborate with Sateri as one of their first brand partners for FinexTM. Sateri’s dedication to this partnership made it possible for Lafuma to produce T-shirts with this fine quality fibre in a short time. T-shirts made with FinexTM will be among the offerings Lafuma has in store for the 618 festival as we look to support environmentally-friendly and excellent performance solutions to strengthen our position as a leading outdoor apparel brand,” said Wu Qian, General Manager of Lafuma China.

Echoing similar sentiments is Rico Lee who established his own independent label in 2014, “I jumped at the opportunity to collaborate with Sateri when they approached me because FinexTM encapsulates what my brand stands for – Beautiful Technology that combines function and fashion.”

Tom Liu, Sateri’s Commercial Vice President said, “Like our flagship brand EcoCosy®, FinexTM is made from bio-based natural fibres. Innovation and technology has made cellulosic textile fibre recycling possible and FinexTM represents how nature not only renews itself but that products made from nature can also be regenerated. This, at its heart, is what circular fashion looks like. Our brand promise to customers remains constant– Sateri’s products are sustainable, high quality, efficient, and cost-effective. The FinexTM tagline ‘Together For A Better Next’ expresses our aspiration to be the partner of choice for next-generation fibre - we thank Lafuma and Rico Lee for pioneering with us on this quest.”

Last month, Sateri announced its entry into China’s Lyocell fibre market. The recent string of product portfolio expansion announcements is underpinned by Sateri’s business strategy to capture value. Allen Zhang, President of Sateri said, “Being the world’s largest viscose producer gives us the advantages that come with volume, but value is what we hope differentiates us. By this, we don’t only mean higher value products like Lyocell or FinexTM but also the value we bring to communities, country, climate and customers.”

Globally, less than 1% of material used to produce clothing is recycled into new clothing. This presents a big opportunity for textile fibre recycling, particularly in China which is the largest textile producing country in the world. Last month, Sateri became a council member of the China Association of Circular Economy (CACE). The company will work closely with CACE’s Textile Waste Comprehensive Utilisation Committee to establish standards and promote industrial-scale textile waste recycling. Sateri is part of the Singapore-based RGE group of companies which has committed USD200 million into next-generation textile fibre innovation and technology.

Cifra, Iluna Group, Rosti and Sitip launch fashionable masks with ROICA™ (c) Sitip-Rosti
Sitip Rosti Mask
08.06.2020

Cifra, Iluna Group, Rosti and Sitip launch fashionable masks with ROICA™

Masks yes, but with comfort, safety and also style: Cifra, Iluna Group, Rosti and Sitip launch masks with a fashion touch with the premium stretch fiber ROICA™
 
Big companies are updating their productions with high-performance and high technical characteristics masks, result of their historical experience and thanks to an exceptional partner in common: the premium stretch fiber ROICA™ by Asahi Kasei. And the solidarity race continues to donate them to hospitals and to the Red Cross
 
Forced to keep most of the face covered and often for a long time during the day, solutions that are above all performing and comfortable become increasingly necessary.

Masks yes, but with comfort, safety and also style: Cifra, Iluna Group, Rosti and Sitip launch masks with a fashion touch with the premium stretch fiber ROICA™
 
Big companies are updating their productions with high-performance and high technical characteristics masks, result of their historical experience and thanks to an exceptional partner in common: the premium stretch fiber ROICA™ by Asahi Kasei. And the solidarity race continues to donate them to hospitals and to the Red Cross
 
Forced to keep most of the face covered and often for a long time during the day, solutions that are above all performing and comfortable become increasingly necessary.

And solutions that are also a manifestation of our personality, which remains hidden and entrusted to the mere expression of the eyes. Walking on the streets we sometimes even don’t even recognize each other, since we are so hidden; and the desire to minimize the situation often takes over, together with that desire to make us recognizable, to possess and express an identity anyway. For fans of escaping homologation (now more than ever mandatory and for this reason even more difficult) “rescue comes” - and this is the case to say it - from illuminated companies who have thought about creative solutions for those with masks has to do all day, at home, at work, during sports and in leisure time. To feel more comfortable, there are many proposals: more “street style” for sports addicted and young people - inside and outside -, more elegant and sophisticated for women.

Textiles companies have joined the fight against Covid-19 engaging a strong and decisive personal and productive battle, which has seen many of them transform and convert their production units for the production of masks and gowns intended for medical personnel and the community.

Some of the most established excellences of the textile sector as Cifra, Iluna Group, Rosti and Sitip have made use of the precious collaboration of ROICA™, the premium stretch fiber by Asahi Kasei. ROICA™ is the innovative and smart premium ingredient chosen by these companies to guarantee even more comfort, thanks to an exceptional top-level component that gives elasticity for perfect adherence to the skin. Each of the companies then declined its production according to its specificity. And this is their important contribution.

Cifra presents the eco-sustainable version of the mask, the ECO-MASK™, which combines the high performance of Cifra knitting technology with the sustainability of the materials used. The 100% regenerated yarns create a 100% sustainable mask with 83% ECONYL and 17% ROICA™ V550 elastomer, the stretch fiber certified Cradle to Cradle Gold Health Level which allows excellent and lasting printability, as well as advantages regarding the circular economy as it does not release harmful substances into the test environment according to the Hohenstein Environmental Compatibility certification.

Iluna Group, European leader in the production of lace, has recently donated 400 protective “smart”  made with ROICA™ EF, the world first GRS - Global Recycled Standard – certified elastomer and which uses 58% of pre-consumer recycled content, mixed with Q-NOVA® by Fulgar. Multi-use, washable, bacteriostatic, breathable and water-repellent prevention masks gave to San Gerardo Hospital in Monza to answer to the Call to action launched on March 19th by the green journalist Diana De Marsanich, with the responsible and innovative materials expert Giusy Bettoni of C.L.A.S.S. Eco Hub, the fashion designer Marina Spadafora of Fashion Revolution Italia and the entrepreneur Simona Roveda of LifeGate. Iluna Group also announces the launch of the website dedicated to the direct sale of the different kind of masks all made with three layers, antibacterial and anti-drip treatment and washable up to 10 times. Iluna Group has also created the “smart” masks made with ROICA™ EF, the world first GRS - Global Recycled Standard – certified elastomer and which uses 58% of pre-consumer recycled content, mixed with Q-NOVA® by Fulgar.

In addition to the “smart” masks, available for women, men and children, Iluna Group has created two special versions of Lace Masks, covered with refined lace. One embroidered on a cotton base and one with soft microfiber.

Rosti, historic knitwear factory based in Brembate specialized in the design and production of cycling clothing with the best technical fabrics and the most advanced technologies, has put its experience at the service of the production of protective masks washable up to 20 times, made with Sitip fabric and with the anti-drop treatment Ecoacquazero®. Fascinating and protective like a second skin, the masks are sold in a pack of 10 pieces with captivating, colorful, geometric and original graphics, designed for every personality.

Rosti masks contain the premium stretch fiber ROICA™ Resistance, a family of premium stretch yarn with particular performances of resistance and durability.

Carbon reinforced concrete today: thin-walled curved barrel shells as roof elements at ITA (c) ITA. Carbon reinforced concrete today: thin-walled curved barrel shells as roof elements at ITA
05.06.2020

DFG funds Collaborative Research Centre / Transregio 280 on carbon reinforced concrete

  • Joint proposal of TUD and RWTH Aachen University

On 29 May, the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation) decided to fund the Collaborative Research Centre (CRC)/Transregio 280 "Carbon reinforced concrete" at Technische Universität Dresden, short TUD, and RWTH Aachen University with the participation of the Institut für Textiltechnik, short ITA, with 12 million euros over the next four years.

The CRC/Transregio 280 “Design Strategies for Material-Minimised Carbon Reinforced Concrete Structures - Principles of a New Approach to Construction” breaks with the traditional way of designing reinforced concrete plants. The interdependence of reinforcement and matrix is being investigated in depth and a completely new design and construction strategy for building with carbon reinforced concrete is being developed.

  • Joint proposal of TUD and RWTH Aachen University

On 29 May, the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation) decided to fund the Collaborative Research Centre (CRC)/Transregio 280 "Carbon reinforced concrete" at Technische Universität Dresden, short TUD, and RWTH Aachen University with the participation of the Institut für Textiltechnik, short ITA, with 12 million euros over the next four years.

The CRC/Transregio 280 “Design Strategies for Material-Minimised Carbon Reinforced Concrete Structures - Principles of a New Approach to Construction” breaks with the traditional way of designing reinforced concrete plants. The interdependence of reinforcement and matrix is being investigated in depth and a completely new design and construction strategy for building with carbon reinforced concrete is being developed.

Carbon reinforced concrete enables completely new design and construction possibilities in the building industry. The reasons for this are its very high strength and the possibility of a very low concrete overlay of only a few millimetres, as carbon, unlike structural steel, does not rust. However, the successful use of the new material, which was awarded the German Future Prize in 2016, requires completely new design and production strategies, which are being investigated in the CRC/Transregio.

Up to now, textile reinforcements have been coated and cured prior to component manufacture. This process is called offline consolidation. These stiff semi-finished products are not suitable for the production of complex components based on new, digital and continuous manufacturing processes (including 3D concrete printing and concrete extrusion). Therefore, ITA is investigating in the sub-project B02 of the CRC/Transregio how forming and consolidation steps are shifted in time by prepreg systems into the concreting process and how they can be applied within the new digital continuous manufacturing processes. In addition to established curing mechanisms, such as by heat or UV radiation, new approaches are also being researched. These new approaches include activation via the alkalinity of the concrete, microwaves and induction

The TUD and RWTH Aachen were awarded the grant on the basis of many years of experience in the research field of textile reinforced concrete. The material textile reinforced concrete was developed in two special research areas at both universities from 1999-2011 and was first fundamentally researched.

19 individual institutes are involved in the CRC/Transregio 280. The spokesman of the TUD is Professor Dr Manfred Curbach, the spokesman of the RWTH is Professor Dr Josef Hegger.

Source:

Institut für Textiltechnik der RWTH Aachen University, ITA

04.06.2020

Oerlikon commissions new logistics center in Neumünster

  • Digital processes also speed up the manufacture of meltblown systems

in order to further optimize the material provision for the Oerlikon Neumag and Oerlikon Nonwoven business units and to strengthen internal processes at the German site in Neumünster, the Manmade Fibers segment of the Swiss Oerlikon Group decided last year to invest in a state-of-the-art logistics center with a new lift center. It has already been fully operational for a few weeks. This is tremendously helpful for speeding up the processing of the numerous orders for meltblown systems for manufacturing high-quality nonwovens for protective masks and apparel that Oerlikon Nonwoven has received over the past months alone

  • Digital processes also speed up the manufacture of meltblown systems

in order to further optimize the material provision for the Oerlikon Neumag and Oerlikon Nonwoven business units and to strengthen internal processes at the German site in Neumünster, the Manmade Fibers segment of the Swiss Oerlikon Group decided last year to invest in a state-of-the-art logistics center with a new lift center. It has already been fully operational for a few weeks. This is tremendously helpful for speeding up the processing of the numerous orders for meltblown systems for manufacturing high-quality nonwovens for protective masks and apparel that Oerlikon Nonwoven has received over the past months alone

Investing in a new Oerlikon Neumag and Oerlikon Nonwoven logistics center is paying dividends: the processing speed when manufacturing new systems – very much to the benefit of customers – considerably improved in the first week after the center started operating, not least as a result of the optimized processes and the material handling. After 25 years, the time had finally come to break new ground and to better equip ourselves for the future requirements of the markets. The paternoster storage facility to date not only needed to have regular repairs carried out due to its age, it was also too small for the projects increasingly being carried out today. The only 90 m² were capable of storing around 12,000 parts. In contrast, the new logistics center now offers more than 250 m² of storage space for in excess of 25,000 parts. As a result, this now also houses all small parts, which used to be stored in the high-rack facility due to lack of space.

New hardware, new software
Coinciding with the opening of the new logistics center, Oerlikon also introduced new digital processes that will also help cope with the increasing production volumes. To this end, consistently maintained master data and photos for all parts ensure safe, paper-free storage and handling of the material from now on. In order to minimize mistakes, a laser pointer now indicates from which or to which space the goods are moved. Furthermore, a photo of the material, sorted to type, is displayed on the screen. The digitalization of the warehousing facilities secures the pick and put-away process so that checking material numbers becomes superfluous when removing items from the warehouse.

 

Source:

Oerlikon

28.05.2020

Rieter: Business Situation facing COVID-19 Pandemic

  • Since the end of March 2020, COVID-19 has led to very low demand in all Business Groups
  • Comprehensive crisis management implemented
  • Loss in the mid double-digit million range expected in the first half of 2020
  • Plans to introduce short-time working to adjust capacity in Switzerland and Germany
  • Strategy will continue to be implemented

Due to COVID-19, a large number of spinning mills have stopped production worldwide. Since the end of March 2020, this has led to low demand for spare parts and wear & tear parts and delays in testing programs during the development of new machines. Customers are postponing investment projects or unable to implement them due to restrictions imposed by national governments. This results in low demand for new machines.

  • Since the end of March 2020, COVID-19 has led to very low demand in all Business Groups
  • Comprehensive crisis management implemented
  • Loss in the mid double-digit million range expected in the first half of 2020
  • Plans to introduce short-time working to adjust capacity in Switzerland and Germany
  • Strategy will continue to be implemented

Due to COVID-19, a large number of spinning mills have stopped production worldwide. Since the end of March 2020, this has led to low demand for spare parts and wear & tear parts and delays in testing programs during the development of new machines. Customers are postponing investment projects or unable to implement them due to restrictions imposed by national governments. This results in low demand for new machines.

Comprehensive crisis management
Rieter has implemented comprehensive crisis management. Priorities are being given to protecting employees, fulfilling customer commitments and ensuring liquidity. The necessary measures to protect employees have been implemented worldwide.
The order backlog of well in excess of CHF 500 million is being processed largely according to plan, despite the existing bottlenecks in the supply chains. Less than 5% of the orders in the order backlog have been canceled.
Rieter has already implemented measures to ensure liquidity and reduce costs. The company has good net liquidity and undrawn credit lines in the mid three-digit million range.
Loss expected in the first half of 2020
As already reported, Rieter expects sales and earnings in the first half of 2020 to be significantly below the prior year level.

Loss expected in the first half of 2020
As already reported, Rieter expects sales and earnings in the first half of 2020 to be significantly below the prior year level. The effects of COVID-19 will place an additional burden on the first half of 2020. Rieter therefore expects sales in the first half of 2020 to be less than CHF 300 million. Despite the countermeasures implemented at the net profit level, this will lead to a loss in the mid double-digit million range.

Plans to introduce short-time working to adjust capacity
Rieter plans to apply for short-time working for the areas with forecasted low capacity utilization at the locations in Switzerland and Germany. The application will be for 40% short-time working in the third quarter of 2020. Talks with staff representatives will begin next week.
As a sign of solidarity, Rieter’s Board of Directors, Group Executive Committee and the senior management will waive 10%-20% of their salaries temporarily.

Implementation of the strategy
In recent years, Rieter has consistently implemented the strategy based on innovation leadership, strengthening the business in components, spare parts and services and the adjustment of cost structures. The company intends to forge ahead with the implementation of the strategy in the coming months, thus strengthening its market position for the time after the COVID-19 pandemic.
The next information on the course of business is planned with the publication of the half-year results on July 16, 2020
 

More information:
Coronavirus Rieter
Source:

Rieter Holding AG

25.05.2020

Sateri Enters China’s Lyocell Fibre Market

  • New 20,000 ton Lyocell line commences production in Shandong

Sateri has successfully commenced production of Lyocell fibre in Rizhao, Shandong, China. In collaboration with Asia Symbol, China’s leading producer of pulp and packaging board, the newly installed 20,000 ton per annum production line will broaden Sateri’s portfolio of high quality fibre products, and bolster Lyocell supply to the textile and non-woven markets.

Industry associations such as the China National Textile and Apparel Council (CNTAC) welcome the news. Duan Xiaoping, Deputy President of CNTAC and President of the China Chemical Fibers Association (CCFA), said, “Lyocell is not only a higher value product but also an eco-friendly fibre that is bio-based and minimises chemical use and emissions. Sateri’s investment in Lyocell is very much aligned with the aim for technical and product upgrading for China’s textile industry.”

  • New 20,000 ton Lyocell line commences production in Shandong

Sateri has successfully commenced production of Lyocell fibre in Rizhao, Shandong, China. In collaboration with Asia Symbol, China’s leading producer of pulp and packaging board, the newly installed 20,000 ton per annum production line will broaden Sateri’s portfolio of high quality fibre products, and bolster Lyocell supply to the textile and non-woven markets.

Industry associations such as the China National Textile and Apparel Council (CNTAC) welcome the news. Duan Xiaoping, Deputy President of CNTAC and President of the China Chemical Fibers Association (CCFA), said, “Lyocell is not only a higher value product but also an eco-friendly fibre that is bio-based and minimises chemical use and emissions. Sateri’s investment in Lyocell is very much aligned with the aim for technical and product upgrading for China’s textile industry.”

A natural and biodegradable fibre, Sateri’s Lyocell is made from wood pulp sourced from sustainable plantations. It is manufactured using closed-loop technology, requiring minimal chemical input during the production process, and utilising an organic solvent that can be almost fully recovered and recycled. Lyocell is used to produce high quality textiles and personal hygiene materials. Textiles made from Lyocell possess high tenacity and bright lustre, and share similar qualities with textiles made from viscose – soft and silky with good drape, breathability, and absorption.

Sateri is part of the RGE group of companies which has committed to investing USD200 million to advance next-generation textile fibre innovation and technology. In March this year, Sateri achieved a breakthrough in commercial production of viscose using recycled textile waste.

More information:
Sateri lyocell fibers
Source:

Sateri

ITM 2021
The ITM and Hightex Exhibitions are postponed
22.05.2020

ITM and HIGHTEX Exhibitions Postponed to 22-26 June 2021

ITM International Textile Machinery Exhibition and HIGHTEX International Technical Textiles and Nonwoven Exhibition, held every two years in partnership with Tüyap Tüm Fuarcılık Inc. and Teknik Fuarcılık Inc., and in cooperation with TEMSAD, were planned to be held between June 2-6 this year. However, as effects of Corona virus (Covid-19) continue to increasingly impact all the world, ITM and HIGHTEX exhibitions had been postponed to 14-18 July 2020, but it has been announced that the events have been rescheduled to 22-26 June 2021. 

ITM International Textile Machinery Exhibition and HIGHTEX International Technical Textiles and Nonwoven Exhibition, held every two years in partnership with Tüyap Tüm Fuarcılık Inc. and Teknik Fuarcılık Inc., and in cooperation with TEMSAD, were planned to be held between June 2-6 this year. However, as effects of Corona virus (Covid-19) continue to increasingly impact all the world, ITM and HIGHTEX exhibitions had been postponed to 14-18 July 2020, but it has been announced that the events have been rescheduled to 22-26 June 2021. 

Exhibitions Preparation Continue
Preparations for ITM and HIGHTEX 2021 Exhibitions continue at full steam to bring together hundreds of manufacturers and global investors who develop leading technologies in their fields. The latest technologies and new products to be displayed at ITM and HIGHTEX Exhibitions, which will open their doors in Istanbul Tuyap Fair Convention and Congress Center next year, will meet with textile investors from all over the world.
 
ITM 2018, where textile machinery leaders exhibited their latest technological products, turned into a trade show with global launches and hosted one of the largest meetings in the world, with 1150 exhibitors from 64 countries and 58.942 visitors (14.248 of them foreigners) from 94 countries.

Source:

Teknik Fuarcılık INC

19.05.2020

Starlinger: New circular loom RX 8.1

The RX circular loom series is produced at the Starlinger plant in Taicang/China specifically for the Southeast Asian market. This series is now extended with the RX 8.1, a circular loom that is particularly suited to the production of lightweight fabrics for 1-loop FIBCs, tarpaulins as well as geo- and agrotextiles made of PP, HDPE, and PET. In combination with the RX 6.0, RX 6.1, and RX 8.2, Starlinger Taicang now offers the ideal circular loom for every fabric width.
The new Starlinger circular loom RX 8.1 produces fabric with a width of 1,200 – 1,700 mm, which is an ideal match for 1-loop FIBCs, tarpaulin fabrics as well as geo- and agrotextiles. The model completes the RX series, which now covers every working width between 300 and 2,250 mm.

The RX circular loom series is produced at the Starlinger plant in Taicang/China specifically for the Southeast Asian market. This series is now extended with the RX 8.1, a circular loom that is particularly suited to the production of lightweight fabrics for 1-loop FIBCs, tarpaulins as well as geo- and agrotextiles made of PP, HDPE, and PET. In combination with the RX 6.0, RX 6.1, and RX 8.2, Starlinger Taicang now offers the ideal circular loom for every fabric width.
The new Starlinger circular loom RX 8.1 produces fabric with a width of 1,200 – 1,700 mm, which is an ideal match for 1-loop FIBCs, tarpaulin fabrics as well as geo- and agrotextiles. The model completes the RX series, which now covers every working width between 300 and 2,250 mm.

Like all models of the RX series, the RX 8.1 is equipped with numerous technological advantages. Due to its special reed and shuttle design, the machine does not have any sliding parts that would require lubrication, and thus leaves no traces of oil on the fabric. This property allows for the optimal adherence of the coating to the fabric and eliminates concerns regarding the use of the fabric in food applications. Moreover, the RX 8.1 produces fabric of highest quality at lowest production cost per square meter, as the production speed of 800 picks/minute is high while the number of warp breaks is low.
Other advantages are the machine’s user-friendliness, the energy-saving motors as well as a low noise level.

The machine will give its official debut at the plastics exhibition Chinaplas in 2021, as this year’s event has been cancelled due to COVID-19. In the meantime, the RX. 8.1, can bes visited in the Starlinger factory in Taicang. The standard execution of the machine with single inlet will show the production of tarpaulin fabric with a double flat width of 1,500 mm and a weight of 70 g/m².
A second machine will be equipped with double inlet and a gusseting device, which are available as options, and will produce fabric for 1-loop FIBCs with the same width, but twice the fabric weight (140 g). Another machine in Taicang, which can be visited is the RX 6.0 L: On this 6-shuttle circular loom, a PE liner is inserted into the woven fabric tube and attached to the plastic fabric. This process is performed fully automatically in the production process and allows the use of the fabric in sensitive applications such as food packaging.

Source:

Starlinger und Co GmbH

19.05.2020

DW relies on ISKOs denim

The two brands have been working together to develop unique concepts for FW2019 and SS2020 collection, starting from premium ISKO™ denim.

Each garment is sartorially and carefully thought out to result in a beautiful product that is respectful of people and the planet.Excellence is in the detail and DW knows it well. The Italian brand always focused on quality standards and craftmanship to develope its collections.
From fabrics to stitching to accessories, every small element is carefully envisioned and developed to create garments are safe for the planet and its people. With cutting-edge technologies and forefront treatments being part of the process, the partnership with ISKO, one of the leading denim ingredient brands, came naturally – the next step forward in a journey toward distinction.

The two brands have been working together to develop unique concepts for FW2019 and SS2020 collection, starting from premium ISKO™ denim.

Each garment is sartorially and carefully thought out to result in a beautiful product that is respectful of people and the planet.Excellence is in the detail and DW knows it well. The Italian brand always focused on quality standards and craftmanship to develope its collections.
From fabrics to stitching to accessories, every small element is carefully envisioned and developed to create garments are safe for the planet and its people. With cutting-edge technologies and forefront treatments being part of the process, the partnership with ISKO, one of the leading denim ingredient brands, came naturally – the next step forward in a journey toward distinction.

Being the first mill in the world to be awarded both Nordic Swan Ecolabel and EU Ecolabel, the company provided responsible solutions to better define DW’s vision. Combined with the brand’s tradition and expertise, the fabrics developed by ISKO the denim pieces are unite responsibility and quality, according to the mill’s Responsible Innovation™ approach.
The result is the five pockets Milano model and the American pocket Enea pant, both available in different washes and colors.

More information:
Isko Denim
Source:

Menabò Group, Global Press and PR Support

18.05.2020

AMAC cooperates with Alpha Executive Advisory

In these difficult times of the worldwide COVID-19 crisis, flexible reactions and fast decisions can be of imminent importance, particularly in the fragmented composite industry with its back-bone of small and medium-sized enterprises (SMEs).

In response, the Industrial and Business Consulting company AMAC under the lead of Dr. Michael Effing has signed today a cooperation agreement with Alpha Executive Advisory to jointly offer advisory services in Business Coaching, Acquisitions & Divestitures as well as Business Transformation and Crisis Management, also ad interim.

In detail, this cooperation is to identify the right fit in terms of capabilities and financial strength for companies looking for expansion or divestiture, to deliver support to innovative young start-up firms in order to faster penetrate the market and to smoothen the transition to the next owner in interim management or to make the next appropriate strategic step.

In these difficult times of the worldwide COVID-19 crisis, flexible reactions and fast decisions can be of imminent importance, particularly in the fragmented composite industry with its back-bone of small and medium-sized enterprises (SMEs).

In response, the Industrial and Business Consulting company AMAC under the lead of Dr. Michael Effing has signed today a cooperation agreement with Alpha Executive Advisory to jointly offer advisory services in Business Coaching, Acquisitions & Divestitures as well as Business Transformation and Crisis Management, also ad interim.

In detail, this cooperation is to identify the right fit in terms of capabilities and financial strength for companies looking for expansion or divestiture, to deliver support to innovative young start-up firms in order to faster penetrate the market and to smoothen the transition to the next owner in interim management or to make the next appropriate strategic step.

More information:
AMAC
Source:

AMAC GmbH

15.05.2020

PINKO launches Concierge Program

Pinko has finally re-open its stores inthis occasion will launch a special project dedicated to its loyal customers. Pinkoi s glad to announce the official launcho f the Concierge project, which includes a series of exclusive services to make the shopping experience even more exciting and which at the same time guarantees an innovative, functional integration between physical andd digital retail.

Pinko has finally re-open its stores inthis occasion will launch a special project dedicated to its loyal customers. Pinkoi s glad to announce the official launcho f the Concierge project, which includes a series of exclusive services to make the shopping experience even more exciting and which at the same time guarantees an innovative, functional integration between physical andd digital retail.

To meet the customers needs ,the Concierge program includes three main services.
In particular, those who love to shop at home but cannot renounce the charm of brick- and mortastore, Pinko offers a personal shopper, who will live from the boutique follow the wishes of the customer, who will have the opportunity to see the clothes worn by a model.
Those who want indulge in an exclusive instore shopping session will be able to enjoy their time with a driver.
Last but not least Pinko also unveils the Surprise Box service, available only on invite to the Pinkoclub. The brands fashion stylists will make a specialised selection of ready to wear pieces and accesoires based on the customers preferences. When the Surprise Box arrives, the customers has three days to decide what to keep and what to send back.

In these actions Pinko tries new innovative and creative ideas, breaking the rules of traditional retail. Pinko wants to focus on a unique shopping experience based on the individual needs.
 

More information:
PINKO Retail corona virus clothing
Source:

NETWORK PUBLIC RELATIONS GmbH

14.05.2020

SGL Carbon achieves results in line with initial expectations

No significant impact yet from Covid-19 pandemic in the first quarter 2020:

No significant impact yet from Covid-19 pandemic in the first quarter 2020:

  • Group sales revenues at 247 million euros approximately 15 percent below prior year’s level, but slightly above the guidance corridor (220 to 240 million euros) as published in March 2020
  • Decline in Group sales due to changes in the lithium-ion battery supply chain in the business unit Graphite Materials & Systems (GMS) as well as restructuring-driven lower sales in Textile Fibers in the business unit Composites – Fibers & Materials (CFM)
  • Group recurring EBIT approximately 50 percent below prior year level at 9 million euros and at the upper end of the guidance corridor (mid to high single-digit million euros amount)
  • Due to timely implemented measures and in contrast to the usual seasonal pattern, liquidity of approximately 150 million euros as of March 31, 2020 developed very favorably compared to year-end 2019 (137 million euros)
  • Dr. Michael Majerus, Spokesman of the Board of Management of SGL Carbon: “We acted decisively and took various measures at an early stage, both to ensure the safety of our employees and to mitigate the economic impact of the pandemic.”
  • Guidance for the full year 2020 remains suspended due to the impacts of the Covid-19 pandemic; decline in Group sales revenue and negative Group recurring EBIT expected for the second quarter 2020

In the first quarter 2020, SGL Carbon has not yet been significantly impacted by the Covid-19 pandemic and reached sales revenues slightly above the guidance corridor of 220 to 240 million euros published on March 12, 2020. In total, Group sales at 247 million euros was approximately 15 percent below the prior year level. The development is primarily attributable to changes in the lithium-ion battery supply chain in the business unit Graphite Materials & Systems (GMS) as well as to restructuring-driven lower sales in Textile Fibers in the business unit Composites – Fibers & Materials (CFM). As planned, Group recurring EBIT decreased by approximately 50 percent to 9 million euros and thus reached the upper end of the guidance corridor of a mid to high single-digit million euros amount.

As the global measures taken to contain the pandemic led to disruptions in production and supply chains in April and early May 2020, a significant double-digit percentage decrease in Group sales revenue and a negative Group recurring EBIT are expected for the second quarter 2020.  

SGL Carbon implemented various measures to counter the economic impact of the pandemic at an early stage. For this reason, liquidity developed very favorably compared to year-end 2019 and in contrast to the usual seasonal pattern and improved from 137 million to approximately 150 million euros.

More information:
SGL Carbon
Source:

SGL Carbon SE

The Oerlikon Nonwoven meltblown technology (c) Oerlikon
The Oerlikon Nonwoven meltblown technology
14.05.2020

Oerlikon Nonwoven deliveringmeltblown technology to FleeceforEurope

Protective masks for Europe
With FleeceforEurope and Lindenpartner, Düsseldorf-based Kloepfel Group purchasing consultancy and Berlin-based industrial consultancy Bechinger & Heymann Holding plan to manufacture and distribute up to 50 million protection class FFP1 through FFP3 respiratory masks a month exclusively for the European market from the beginning of fall. And the primary focus will be on quality.
With protective masks – including those used in operating rooms – this quality is provided above all by  virus-absorbing nonwovens. And these will be manufactured by ‘FleeceforEurope’ using an Oerlikon Nonwoven meltblown system.
But masks effectively protecting against infections can only be guaranteed with the right quality. A crucial factor in this is the inside of the mask. Because the nonwoven used in protection class FFP1 through FFP3 respiratory masks plays a decisive role.

Protective masks for Europe
With FleeceforEurope and Lindenpartner, Düsseldorf-based Kloepfel Group purchasing consultancy and Berlin-based industrial consultancy Bechinger & Heymann Holding plan to manufacture and distribute up to 50 million protection class FFP1 through FFP3 respiratory masks a month exclusively for the European market from the beginning of fall. And the primary focus will be on quality.
With protective masks – including those used in operating rooms – this quality is provided above all by  virus-absorbing nonwovens. And these will be manufactured by ‘FleeceforEurope’ using an Oerlikon Nonwoven meltblown system.
But masks effectively protecting against infections can only be guaranteed with the right quality. A crucial factor in this is the inside of the mask. Because the nonwoven used in protection class FFP1 through FFP3 respiratory masks plays a decisive role.
Here, the meltblown technology from Oerlikon Nonwoven will be deployed. In a special, patented process, the fibers laid into a nonwoven fabric during manufacture are subsequently electrostatically-charged, before the material is further processed downstream.

European market for protective masks with a promising future
Those responsible at Oerlikon Nonwoven and FleeceforEurope, which will primarily focus on producing high-end nonwovens, and Lindenpartner, which will manufacture and distribute the protective masks, are certain of one thing: the market for protective masks has a very promising long-term future in Europe.
What has been commonplace in Asia for many years now will also become normal in Europe. People will be increasingly wearing face masks when venturing out, in order to better protect themselves against health risks such as the current pandemic and also against increasing environmental pollution in the form of  fine particles and exhaust fumes in the future. A

Medical face masks from a vending machine
Mask producer Lindenpartner has already secured supplies of nonwovens and will be producing face masks for the European healthcare sector over the coming weeks. To fight the coronavirus pandemic, Lindenpartner is planning to install 100 self-service face mask vending machines in Germany over the next four weeks, positioning them in publicly-accessible places such as shopping centers and airports, for example.

Source:

Marketing, Corporate Communications & Public Affairs

The FU/COTTON T-SHIRT (c) Emiliano Granado and Jessup Deane
The FU/COTTON T-SHIRT by Outlier
13.05.2020

OUTLIER PRESENTS THE “FU/COTTON T-SHIRT”

OUTLIER presents the "FU/COTTON T-SHIRT" made of 100% smart cotton options by TINTEX

“TEAMING UP IS THE RESPONSIBLE WAY FORWARD”: that’s the motto of TINTEX to build a sustainable wardrobe. From new developments and implementations in production and processes to collaborative partnerships that brought to environment-driven collections, TINTEX had a very rich in news trimester.

OUTLIER produces performance-driven clothing. The brand selected 100% smart cotton options by TINTEX to develop an experimental, box cut, heavyweight (8oz/280gsm) t- shirt, that they called FU/COTTON T-SHIRT.
The t-shirt is enriched by a GOTS (Global Organic Textile Standard) certified 100% Organic cotton RIB for the neck.

OUTLIER presents the "FU/COTTON T-SHIRT" made of 100% smart cotton options by TINTEX

“TEAMING UP IS THE RESPONSIBLE WAY FORWARD”: that’s the motto of TINTEX to build a sustainable wardrobe. From new developments and implementations in production and processes to collaborative partnerships that brought to environment-driven collections, TINTEX had a very rich in news trimester.

OUTLIER produces performance-driven clothing. The brand selected 100% smart cotton options by TINTEX to develop an experimental, box cut, heavyweight (8oz/280gsm) t- shirt, that they called FU/COTTON T-SHIRT.
The t-shirt is enriched by a GOTS (Global Organic Textile Standard) certified 100% Organic cotton RIB for the neck.

Source:

GB Network

Start of 3-years Interreg cross-border project AACOMA  is kicked-off (c) AMAC GmbH
AMAC-Standortkarte
13.05.2020

Start of 3-years Interreg cross-border project AACOMA is kicked-off

  • AACOMA - Accelerate advanced composite manufacturing
  • EMR Region Belgium, the Netherlands & Germany area hot spot for the future of lightweight materials and technologies

The Euregio Meuse-Rhine provides a huge potential with its many highly innovative, leading companies and especially SMEs which are active in the area of advanced material manufacturing in many industrial sectors, such as Automotive, Aerospace, Electronics, Building and Infrastructure, etc. The advanced material sector is growing, with a consolidated offer, ranging from raw material producers over technology development to production, research and development as well as industrial OEMs.

Interreg Euregio Meuse-Rhine invests EUR 96 million from the European Regional Development Fund (ERDF) in the period 2014-2020. Through the investments in cross-border projects, the European Union invests in the economic development, innovation, territorial development and social inclusion and education of this region.

Project

  • AACOMA - Accelerate advanced composite manufacturing
  • EMR Region Belgium, the Netherlands & Germany area hot spot for the future of lightweight materials and technologies

The Euregio Meuse-Rhine provides a huge potential with its many highly innovative, leading companies and especially SMEs which are active in the area of advanced material manufacturing in many industrial sectors, such as Automotive, Aerospace, Electronics, Building and Infrastructure, etc. The advanced material sector is growing, with a consolidated offer, ranging from raw material producers over technology development to production, research and development as well as industrial OEMs.

Interreg Euregio Meuse-Rhine invests EUR 96 million from the European Regional Development Fund (ERDF) in the period 2014-2020. Through the investments in cross-border projects, the European Union invests in the economic development, innovation, territorial development and social inclusion and education of this region.

Project

The Euregio Meuse-Rhine is a potential hot-spot for the further development of advanced material and process technologies. Technical Centers and Institutes around Aachen/Germany, Liège/Belgium and Eindhoven/The Netherlands were awarded with this new project AACOMA.

Innovative material design and advanced manufacturing provide large opportunities for SMEs. The AACOMA project kick-off took place in Aachen at the Campus of the RWTH University of technology in 1 Q 2020. The aim of the project, which is running for 3 years until 2023 with a budget of €3 Mio, is to connect SMEs with innovation hot-spots like institutes and technical centers.
Seven partners from all three regions will carry the project out: Centexbel is the project leader and gets support by University of Liège, Sirris and Flanders Make from Belgium, as well as Fontys University of Applied Science and AMIBM of Maastricht University in the Netherlands and AMAC in Germany.

Statements

Bernard Paquet, Project Coordinator from Centexbel/ Belgium stated:
“Centexbel, with a strong experience in textile and composites, will identify with its Interreg partners and an advisory board of international experts several demonstrators which will enable an accelerated advanced manufacturing of composite parts. This could include new materials and intermediates, high performance additives, bio-based products and new composites by additive manufacturing”.

Michael Effing, Managing Director of AMAC/ Germany said:
“The major goal of the project is to connect around 200 innovative SMEs with each other and establish the links to the world-class institutes in the EMR region. We will facilitate 6 roadshow events, addressing key topics like automated manufacturing, additive manufacturing or bio-based material systems combined with match making and training events. The first roadshow will be held on September 24, 2020 at the Aachen Campus of the RWTH University of Technology.”

Prof. Gunnar Seide from the AMIBM/The Netherlands continued:  
“Our AMIBM offers already an international master program on bio-based materials. The AACOMA project will be an important element for transborder research and will identify new players in the value chain coming from the EMR region. Innovative companies find markets for their new bio-based building blocks, chemicals and polymers. Their success stories and upcoming technological breakthroughs are needed for a sustainable future.”

 

Logo Paper Converting Machine Company
Logo Paper Converting Machine Company
11.05.2020

PCMC Signature Series (380V-s) wide-web press installed at J.J. Collins Printers

Modernized press eases digital printing conversion, signals new era for PCMC and RDP Marathon

Modernized press eases digital printing conversion, signals new era for PCMC and RDP Marathon

Paper Converting Machine Company (PCMC)—part of the Barry-Wehmiller Converting Solutions Platform announced the recent installation of the new Signature Series (380V-s) wide-web, high-speed offset  press at J.J. Collins Printers in Charleston, Illinois.
The 380V-s is the first in the series that is replacing the 380V press series, long highly regarded by printers in the longrun documents and high-end promotional graphics markets. The new design incorporates the latest in internet connectivity and touchscreen technology, and allows for easy integration with full or hybrid digital printing.
Designed by RDP Marathon, a recent acquisition of PCMC, the 380V-s represents PCMC’s expansion into providing equipment and services to the offset printing industry. Backed by PCMC’s global sales, manufacturing and service support, RDP Marathon will continue to maintain a sharp  focus on innovation. J.J. Collins Printers—already using an RDP Marathon model 260P blanket-to-blanket, heat-set press for its high-end commercial products—has been providing innovative print solutions  since 1878. Its commitment to using state-of-theart pre-press, press and bindery equipment has ensured the company's position as a leader in the print manufacturing industry.
In addition to the 380V-s, PCMC continues to develop new technologies and applications for a variety of print markets.

Source:

Paper Converting Machine Company

Logo Bio2X
Fortums project Bio2X
07.05.2020

Atte Virtanen appointed Head of Business Development at Fortum Bio2X

Mr Atte Virtanen has been appointed Head of Business Development at the Fortum Bio2X bioeconomy programme as of 1 May 2020. Atte will play a key role in establishing Bio2X partnerships, helping partners to advance more sustainable businesses, as well as developing industrial biorefinery operations together with the programme team.

Before joining Fortum, Atte was working 10 years in the Netherlands for Trespa International B.V and in Italy for Arpa Industriale S.p.A. In both companies, he was leading R&D activities in the areas of cellulose materials and thermosetting resins. In addition, Atte gained experience from production environment during his time at Stora Enso’s Kotka mills, where he worked several years both in paper production and in a paper impregnating plant.

Over the years, Fortum Bio2X has built a team with a focus on research and development, including piloting different production technologies. The programme is now moving on to the next phase by developing competencies in operations and maintenance. As part of this phase, Atte will help to shift the attention to commercializing the biomass fractions.

Mr Atte Virtanen has been appointed Head of Business Development at the Fortum Bio2X bioeconomy programme as of 1 May 2020. Atte will play a key role in establishing Bio2X partnerships, helping partners to advance more sustainable businesses, as well as developing industrial biorefinery operations together with the programme team.

Before joining Fortum, Atte was working 10 years in the Netherlands for Trespa International B.V and in Italy for Arpa Industriale S.p.A. In both companies, he was leading R&D activities in the areas of cellulose materials and thermosetting resins. In addition, Atte gained experience from production environment during his time at Stora Enso’s Kotka mills, where he worked several years both in paper production and in a paper impregnating plant.

Over the years, Fortum Bio2X has built a team with a focus on research and development, including piloting different production technologies. The programme is now moving on to the next phase by developing competencies in operations and maintenance. As part of this phase, Atte will help to shift the attention to commercializing the biomass fractions.

The Bio2X programme is part of Fortum’s strategy to build options for significant new businesses that improve resource efficiency and provide smart solutions. It aims to be the straw refiner with superior material efficiency and a leading supplier of responsible textile fibres. Bio2X focuses on an efficient use of the cellulose, hemicellulose and lignin fractions in order to replace fossil or otherwise detrimental raw materials in numerous end-use applications.

More information:
Fortum Sustainability
Source:

Fortum Cooperations

(c) Scott Racing Team Italia
06.05.2020

First sustainable biking uniform

  • Launched by SCOTT Sports Racing Team with Sitip, Rosti and ROICA™ by Asahi Kasei

The collection was designed starting from the needs of the athletes with the aim to offer them the best solution in terms of style and ergonomics, high performance, easy maintenance and perfect fit being also sustainable.

Ispo 2020 saw the celebration of the partnership started last year between Scott Racing Team, Rosti, Sitip and ROICA™ by Asahi Kasei for the supply of the team riders’ uniforms. Rosti worked on style and packaging, Sitip on technical fabrics ‘BE-HOT - Heat Generating fabrics’, while ROICA™ provided its premium stretch ingredient. The collaboration carries an interesting news: uniforms are not just highly performing but also, and above all, sustainable.

Sitip created the Native fabric entirely made with recycled yarns and featuring the premium high performing  ROICA™ EF elastomer. The yarn is certified GRS - Global Recycled Standard certification (and also provides special dyeability) with Rosti’s design and high care garment manufacturing.

  • Launched by SCOTT Sports Racing Team with Sitip, Rosti and ROICA™ by Asahi Kasei

The collection was designed starting from the needs of the athletes with the aim to offer them the best solution in terms of style and ergonomics, high performance, easy maintenance and perfect fit being also sustainable.

Ispo 2020 saw the celebration of the partnership started last year between Scott Racing Team, Rosti, Sitip and ROICA™ by Asahi Kasei for the supply of the team riders’ uniforms. Rosti worked on style and packaging, Sitip on technical fabrics ‘BE-HOT - Heat Generating fabrics’, while ROICA™ provided its premium stretch ingredient. The collaboration carries an interesting news: uniforms are not just highly performing but also, and above all, sustainable.

Sitip created the Native fabric entirely made with recycled yarns and featuring the premium high performing  ROICA™ EF elastomer. The yarn is certified GRS - Global Recycled Standard certification (and also provides special dyeability) with Rosti’s design and high care garment manufacturing.

The main rider of Scott Racing Team Italy, the young and award-winning champion Juri Ragnoli, the “end user” of the uniforms, explaines the requirements that garments should possess in order to meet the sporting challenges that await athletes: breathability, comfort on the skin, performance, durability of the shape and maintenance of the characteristics throughout the course of use of the garment. When asked about the arrival of a new sustainable uniform, the champion said that “it’s right and important to take this direction, which perfectly meets the team’s values, as love for nature and respect for the environment. It will be nice to wear something that follows exactly what you believe in”.

More information:
ROICA™ Asahi Kasei SITIP Rosti
Source:

GB Network Marketing Communications Srl

06.05.2020

Lenzing’s performance impacted by historically difficult market environment

  • Fiber prices and demand under pressure due to COVID-19 crisis
  • Measures to maintain operations and to protect employees, customers and suppliers implemented successfully
  • Hygiene competence center established to produce personal protective equipment in the fight against COVID-19 pandemic
  • Strategic investment projects in Brazil and Thailand progressing according to plan
  • Management Board proposes not to distribute a dividend for 2019 – AGM rescheduled for June 18, 2020

In a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis, the Lenzing Group held its ground well in the first quarter of 2020. Thanks to a diversified business model and its global footprint on the one hand, and the disciplined implementation of the sCore TEN corporate strategy on the other, the effect on the revenue and earnings development was partially offset.

  • Fiber prices and demand under pressure due to COVID-19 crisis
  • Measures to maintain operations and to protect employees, customers and suppliers implemented successfully
  • Hygiene competence center established to produce personal protective equipment in the fight against COVID-19 pandemic
  • Strategic investment projects in Brazil and Thailand progressing according to plan
  • Management Board proposes not to distribute a dividend for 2019 – AGM rescheduled for June 18, 2020

In a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis, the Lenzing Group held its ground well in the first quarter of 2020. Thanks to a diversified business model and its global footprint on the one hand, and the disciplined implementation of the sCore TEN corporate strategy on the other, the effect on the revenue and earnings development was partially offset.

In the first quarter of 2020, revenue declined by 16.7 percent in comparison with the prior-year quarter and amounted to EUR 466.3 mn. The main reason was the development of prices for standard viscose (due to significant overcapacity in the market) and other standard fibers. The impact of the COVID-19 crisis further increased pressure on prices and volumes. The prices for standard viscose dropped to a new all-time low of 9,150 RMB/ton by March 31 – up to 33 percent lower than in the prior-year quarter. The comparatively positive development of the specialty fiber business and slightly higher demand for fibers in the medical and hygiene segments partially offset the decline in revenue. The share of specialty fibers increased from 47.3 percent in the first quarter of the previous year to 60.9 percent. The earnings development reflects the decline in revenue: EBITDA (earnings before interest, tax, depreciation and amortization) decreased by 24.3 percent to EUR 69.6 mn. The EBITDA margin declined from 16.4 percent to 14.9 percent. Net profit for the period was down 58.6 percent to EUR 17.7 mn. Earnings per share amounted to EUR 0.84 compared with EUR 1.65 in the first quarter of the previous year.

More information:
Lenzing AG
Source:

Lenzing AG