From the Sector

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

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

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

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

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

• Performance assurance program for textiles with advanced moisture management technology

Huntsman Textile Effects has extended its HIGH IQ® performance assurance program to help mills, brands and retailers meet consumer demand for garments with durable moisture management. HIGH IQ® Cool Comfort performance program is built on the industry’s broadest and most advanced moisture management agents to deliver durable, long-lasting performance.
As consumers around the world adopt more active lifestyles and outdoor activities, the need for cool, dry and comfortable sports and athleisure wear is on an upward trend.
HIGH IQ® Cool Comfort performance program allows garments to breathe, while at the same time, transports moisture away from the body. This ensures consumers can stay cool, dry and fresh throughout. The unique technology supports accelerated evaporation, ensuring garments dry quickly for long-lasting comfort.

“Today’s consumer seeks comfort and performance in their active lifestyle. With Huntsman’s HIGH IQ® Cool Comfort performance assurance program, we offer durable moisture management so your garment remains breathable, stays cool and attains the comfort of cotton. Unique quick-dry properties created by the natural microclimate of the garment help to reduce post-exercise chill, making the effects highly suitable for sports and active wear,” said Lee Howarth, Global Marketing Manager, Huntsman Textile Effects.
Only mills that meet Huntsman’s stringent requirements earn the right to use the HIGH IQ® performance assurance hang tags as point-of-sale product branding. Updated hangtags and promotional materials are available to support mills and brands in communicating the benefits of the HIGH IQ® Cool Comfort performance assurance program.

The technology that drives the HIGH IQ® Cool Comfort program complies with the requirements of bluesign® for safe and sustainable textile production. Furthermore, fabrics produced with HIGH IQ® Cool Comfort moisture management are suitable for STANDARD 100 by OEKO-TEX® certified textile products. The global leader in intelligent effects, Huntsman Textile Effects developed the HIGH IQ® global performance assurance program to help mills, brands and retailers produce high-performance textiles with built-in sun protection, freshness, friction protection and water repellence, in bright whites and color that lasts. The program is based on innovative dyes and effects and unparalleled technical support and application know-how from Huntsman Textile Effects to help mills improve their productivity and competitiveness.
 

Keynote by Wilson Zhu (COO at Li & Fung) on digitizing global supply chains and interview with Jason Prescott (CEO JP Communications) on ATSG's concept, goals and program

From 11 to 13 September, the textile trade fair Apparel Textile Sourcing Germany (ATSG) will take place for the first time in Berlin. 200 manufacturers from all over the world will present the latest developments and trends in the global apparel and textile market. Manufacturers for the mass market as well as producers supplying brands or retailers with smaller retail ranges will present themselves. A large number of
international experts from the textile industry will be giving lectures and discussing the future of the market. Admission is free.

The ATSG is organized by JP Communications Inc. (JPC). With trade fairs under the umbrella brand ATS (Apparel Textile Sourcing), the company is already a well-known player in the North American textile and clothing industry. JP Communications operates the most extensive network of B2B sourcing platforms in the USA. TopTenWholesale.com and Manufacturer.com are used by millions of international members to find suitable wholesalers and manufacturers. The ATSG is supported by a large number of local and European organisations from industry, trade and commerce as well as international consulates.

Montalvo, international specialists in web tension control, announces its latest addition to their growing load cell portfolio, the N Micro Cantilever Load Cell. N Micro Load Cells are ideal for narrow web, light tension applications requiring precise, superior tension control measurement. Montalvo’s N-Micro load cell are commonly used in applications producing labels, tapes, and more, delivering higher quality results for higher quality end product.

Director of Sales and Marketing, Bryon Williams says, “Montalvo is one of the few web tension control specialists continuously developing new products for the constantly evolving industry. The N Micro is designed for narrow web applications, often running multiple webs of material that all need to be precisely tensioned at the same amount to effectively perform as one end product. It is a cost-effective solution for these applications whether they are running web or more.

• Order intake in the first• Order intake in the first half of 2019 amounted to CHF 378.3 million, 26% below the previous year period
• At CHF 416.1 million, sales were 19% down on the previous year period
• EBIT of CHF -1.2 million and net profit of CHF -3.8 million
• Implementation of cost-cutting measures proceeding according to plan
• Innovations successfully launched at ITMA 2019 in Barcelona
• Major order from Egypt signed – worth around CHF 180 million
• Completion of real estate sale in Ingolstadt (Germany) expected in the third quarter 2019
• Outlook unchanged compared to spring 2019

In the first half of 2019, Rieter posted an order intake of CHF 378.3 million (first half year 2018: CHF 511.8 million). This represents a decline of around 26% compared to the previous year period. As already reported, the main reason was low demand in the new machinery business (Business Group Machines & Systems: -34%). Rieter understands that market share remained unchanged at the previous year’s level of around 30%. Order backlog as at June 30, 2019 was CHF 295 million (December 31, 2018: CHF 325 million).

IRO AB, a member of the Vandewiele group, reports strong interest in its ZTF Zero Twist Feeder introduced at the recent ITMA 2019 in Barcelona, Spain, particularly from companies involved in the growing market of textile reinforcements for composites.

In the weaving of fibres such as carbon, glass and aramids, as well as thermoplastic tapes for highly-engineered composite fabrics, it is essential that there is no twist in the feed, which this new machine absolutely guarantees.

“The ZTF Zero Twist Feeder keeps the tape yarns or fibre tows constantly stretched to avoid the risks of any snarls or twisting,” explains Sales and Marketing Manager Pär Hedman. “During ITMA 2019 I spoke to many companies interested in this new machine, which will be supplied in bespoke versions specific to the individual needs of each customer and the intended end-use.”

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

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

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

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

Paper Converting Machine Company (PCMC)— a division of Barry-Wehmiller and a leading supplier of high-performance converting machinery for the tissue, nonwovens and package-printing industries worldwide—is pleased to announce that Mike Shaw has accepted the position of Printing, Coating and Laminating Regional Sales Manager.

In this role, Shaw will be responsible for the sale of PCMC’s PCL products in the Midwest.
He brings nearly 25 years of sales experience in the offset printing industry to his new position, most recently serving as a district sales manager for web offset presses and finishing systems with manroland Goss web systems.

Shaw holds a Bachelor of Science in mechanical engineering from the University of New Hampshire.
“I’m excited that Mike has joined us,” said Rodney Pennings, PCMC’s Printing, Coating and Laminating Sales Director. “His product knowledge and sales experience will enhance our team, as we support our customers’ continual growth by providing the technology they need.” Shaw will operate from his home office in Milwaukee, Wisconsin.

Govier plans to scale the organization and take customer focus to the next level to drive growth
Kornit Digital, (NASDAQ: KRNT), a global market leader in digital textile printing technology, announced today that Chris Govier has been named Managing Director at Kornit Digital Europe GmbH.

Govier is a proven leader who brings broad experience of supporting customers with industrial digital transformation, a proven record of driving growth, and solid experience building and managing world class teams. In his new role, Govier will oversee Kornit Digital’s operations in Europe, the Middle East and Africa (EMEA) and will be instrumental in scaling up Kornit’s business.

Govier previously served in sales and general management roles at Xerox Corporation, and holds a BA from the University of Wellington, New Zealand.

Commenting on the appointment, Gilad Yron, Kornit Digital’s Executive Vice President of Global Business, said, “I welcome Chris on board as the new Managing Director of Kornit Digital Europe. He brings with him solid experience in the analog-digital transition in industrial print and deep regional understanding. Europe has traditionally been a strong performer for Kornit, and Chris’ expertise will help us grow the organization to the next level.”

“This is an incredibly exciting time to join Kornit Digital – their technology, coupled with a passion and drive will significantly disrupt the textile printing industry.” said Chris Govier. “EMEA represents a huge opportunity and I look forward to building on the fantastic success achieved so far.”

At ITMA 2019 in Barcelona from June 20-26 FONG’S Europe, a member of CHTC FONG’S International Group, will be providing details of its new THEN Supratec LTM hydraulic long-tube dyeing machine.

This machine is distinguished by the ability to vary the angle of the Then Flexkier for either dry (jet) or wet (overflow) mode dyeing, in order to optimise the dye liquor ratio – from 1:15 down to 1:4 – depending on the materials being dyed.

This translates into considerable savings in auxiliaries, water and energy.

The Supratec LTM is suitable for the treatment of both woven and knitted fabrics ranging from the most sensitive articles to heavyweight materials within the weight range of 25 g/lm to 380 g/lm, and operates at very low tension due to the extremely low lifting height between the variable nozzle and the plaited fabric.

“Existing Supratec machines on the market are providing excellent performance for a wide range of delicate synthetic fabrics, from polyester to polyamide with high content of elastane,” says FONG’S Europe Director of Sales and Marketing Richard Fander. “Heat-setting can often can be avoided, which improves the handle of the material and saves costs and the lengthwise-elongation of the fabric being treated is lower than on winch-driven machines.”