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PINKO expandiert in den koreanischen Markt
PINKO expandiert in den koreanischen Markt
02.03.2020

PINKO enters Korean market

In keeping with the brand’s internationalization strategy, Pinko is glad to announce an ambitious retail expansion plan in the Korean market.
The first phase of this retail project, developed in collaboration with Mitsui & Co. Italia and La Pace as local partner, saw the opening of two stores located inside two of the most important and prestigious Korean duty free shopping destinations.

The first Pinko shop in Korea opened its doors at the end of January at Seoul’s Shilla Duty Free Downtown Store, which houses the boutiques of the most prestigious global luxury brands. The inauguration of the second Pinko store in Korea was celebrated with an opening party on Feb. 20. This store is located in Seoul at the Hyundai Department Store Duty Free Dongdaemun, one of the most important Korean touristic attractions at day and night, thanks to its wide offering of merchan-dising categories, spanning from international luxury and fashion items to the highly popular Made in Korea beauty products.

In keeping with the brand’s internationalization strategy, Pinko is glad to announce an ambitious retail expansion plan in the Korean market.
The first phase of this retail project, developed in collaboration with Mitsui & Co. Italia and La Pace as local partner, saw the opening of two stores located inside two of the most important and prestigious Korean duty free shopping destinations.

The first Pinko shop in Korea opened its doors at the end of January at Seoul’s Shilla Duty Free Downtown Store, which houses the boutiques of the most prestigious global luxury brands. The inauguration of the second Pinko store in Korea was celebrated with an opening party on Feb. 20. This store is located in Seoul at the Hyundai Department Store Duty Free Dongdaemun, one of the most important Korean touristic attractions at day and night, thanks to its wide offering of merchan-dising categories, spanning from international luxury and fashion items to the highly popular Made in Korea beauty products.

Pinko’s retail expansion plan in the Korean market also includes the opening of two new stores by the end of 2020, while the company aims to operate a total of 14 boutiques, 6 inside department stores and 8 at Duty Free destinations, within three years.

More information:
PINKO
Source:

NETWORK PUBLIC RELATIONS

02.03.2020

TESCA announces the acquisition of Willy SCHMITZ

TESCA and Willy SCHMITZ announce that they have closed a transaction whereby TESCA is acquiring the business of Willy SCHMITZ and its operations, located in Germany.

TESCA, headquartered in Paris France, is a major supplier of automotive fabrics, value added textile parts and seating components. TESCA employs 3,500 people and operate 22 facilities globally.

Willy SCHMITZ, headquartered in Monchengladbach, Germany is a major supplier of fabrics to the German automotive manufacturers, but also to other industries, including via its affiliated company OGUS. Willy SCHMITZ employs 150 people and operates in two facilities in Germany.

“The TESCA and Willy SCHMITZ businesses are very complementary in terms of customer interface and geography”, said Carl de Freitas, TESCA CEO. “Merging our activities will provide a broader more efficient platform to support our customers globally.”

TESCA and Willy SCHMITZ announce that they have closed a transaction whereby TESCA is acquiring the business of Willy SCHMITZ and its operations, located in Germany.

TESCA, headquartered in Paris France, is a major supplier of automotive fabrics, value added textile parts and seating components. TESCA employs 3,500 people and operate 22 facilities globally.

Willy SCHMITZ, headquartered in Monchengladbach, Germany is a major supplier of fabrics to the German automotive manufacturers, but also to other industries, including via its affiliated company OGUS. Willy SCHMITZ employs 150 people and operates in two facilities in Germany.

“The TESCA and Willy SCHMITZ businesses are very complementary in terms of customer interface and geography”, said Carl de Freitas, TESCA CEO. “Merging our activities will provide a broader more efficient platform to support our customers globally.”

More information:
Tesca Willy Schmitz GmbH Ogus Netze
Source:

Agence Apoce

Michael Roellke, Volker Schmid, Jochen Adler und André Wissenberg (von links nach rechts) bei der Podiumsdiskussion zusammen mit Sudipto Mandal aus der indischen Niederlassung. (c) Oerlikon Manmade Fibers
Michael Roellke, Volker Schmid, Jochen Adler und André Wissenberg (von links nach rechts) bei der Podiumsdiskussion zusammen mit Sudipto Mandal aus der indischen Niederlassung.
27.02.2020

Oerlikon Manmade Fibers segment sets a trend with three Customer Days in India

Technology transfer that is creating waves

For more than a decade now, the Manmade Fibers segment of the Swiss Oerlikon Group has been hosting a comprehensive technology symposium at the beginning of each year in the Indian region around Silvassa/Daman. Numerous Indian manmade fiber producers have settled in this area, around a four-hour drive north of Mumbai. Fed from Oerlikon polycondensation and extrusion systems, these companies manufacture polyester, nylon and polypropylene on large-scale installations with Oerlikon Barmag WINGS POY, WINGS FDY, IDY and DTY product lines and using Oerlikon Neumag’s staple fiber and BCF technologies. Reason enough for the Manmade Fibers segment’s experts to regularly provide their clientèle with detailed specialist presentations in India on the latest developments of the product and service portfolio.

Technology transfer that is creating waves

For more than a decade now, the Manmade Fibers segment of the Swiss Oerlikon Group has been hosting a comprehensive technology symposium at the beginning of each year in the Indian region around Silvassa/Daman. Numerous Indian manmade fiber producers have settled in this area, around a four-hour drive north of Mumbai. Fed from Oerlikon polycondensation and extrusion systems, these companies manufacture polyester, nylon and polypropylene on large-scale installations with Oerlikon Barmag WINGS POY, WINGS FDY, IDY and DTY product lines and using Oerlikon Neumag’s staple fiber and BCF technologies. Reason enough for the Manmade Fibers segment’s experts to regularly provide their clientèle with detailed specialist presentations in India on the latest developments of the product and service portfolio.

And this was once again the case at the event held at the beginning of 2020, where around 450 managers and employees from local businesses took the opportunity to exchange ideas and information. For the third time in succession, Oerlikon also entered into dialog with the next generation of managers at major Indian polyester and nylon manufacturers in a separate event hosted in Mumbai beforehand. The technology symposium was again held – for the very first time – just a few days later and in a slightly modified form at a second venue: in Kolkata in West Bengal, a potential second future key location for manufacturing manmade fibers in India according to plans revealed by the Indian government. Here, the discussions held by the Oerlikon experts focused above all on the transfer of technologies for manufacturing polyester, nylon and polypropylene. Oerlikon is able to offer the entire process chain – from the melt to the textured yarn or the fibers and including the necessary semi- and fullyautomated logistics process – from a single source. This is of interest above all for potential new customers and investors in West Bengal and neighboring Bangladesh, as some do not have decades of expertise in manufacturing manmade fibers, as is the case for most companies in the region around Silvassa/Daman.

 

Source:

Oerlikon Manmade Fibers

The Archroma site in Tianjin, China, has been named ‘Green Factory’ by the Tianjin Bureau of Industry and Information Technology (c) Archroma
The Archroma site in Tianjin, China, has been named ‘Green Factory’ by the Tianjin Bureau of Industry and Information Technology
26.02.2020

ARCHROMA TIANJIN NAMED ‘GREEN FACTORY’ BY TIANJIN AUTHORITIES

Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that its affiliate in Tianjin, China, has been named ‘Green Factory’ by the Tianjin authorities. The nomination was granted as of January 1st, 2020, following an evaluation process conducted under the authority of the Tianjin Bureau of Industry and Information Technology, which selected 56 other companies only to receive that same distinction.

The ‘Green Factory’ list comprises companies comprehensively evaluated and scored against 92 indicators, in areas such as site intensification, production cleanliness, energy consumption efficiency, raw material recycling, environmental impact, product ecological profile, and carbon footprint. The initiative takes place in the wider framework of fostering ‘Green manufacturing’, one of the nine strategic objectives defined by the Chinese Authorities under the ‘Made in China 2025’ plan, which led to the Industrial Green Development Plan published by The Ministry of Industry And Information Technology in 2016.

Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that its affiliate in Tianjin, China, has been named ‘Green Factory’ by the Tianjin authorities. The nomination was granted as of January 1st, 2020, following an evaluation process conducted under the authority of the Tianjin Bureau of Industry and Information Technology, which selected 56 other companies only to receive that same distinction.

The ‘Green Factory’ list comprises companies comprehensively evaluated and scored against 92 indicators, in areas such as site intensification, production cleanliness, energy consumption efficiency, raw material recycling, environmental impact, product ecological profile, and carbon footprint. The initiative takes place in the wider framework of fostering ‘Green manufacturing’, one of the nine strategic objectives defined by the Chinese Authorities under the ‘Made in China 2025’ plan, which led to the Industrial Green Development Plan published by The Ministry of Industry And Information Technology in 2016.

The production site in Tianjin is fully integrated into the Archroma Management System and was externally certified to ISO 9001. In the preparational system upgrade, additional external certifications to ISO 14001, ISO 50001 and OHSAS 18001 were completed in November 2019. Commitments to the United Nations Global Compact and Responsible Care® are complementing the local framework.

More information:
Archroma Green Factory
Source:

EMG for Archroma

SUSTAIN 2020 in the Run-Up to the International Cotton Conference Photo: Weser-Kurier
SUSTAIN 2020 in the Run-Up to the International Cotton Conference
25.02.2020

SUSTAIN 2020 in the Run-Up to the International Cotton Conference

The conference on sustainability in production, trade and consumption will take a second round: On March 24, 2020, the Weser-Kurier’s conference SUSTAIN will take place in the run-up to the International Cotton Conference once more. The Bremen Cotton Exchange is again cooperating partner of this event. The theme “City and Change – the Future of the Textile Retail Trade” is on focus this year.

Shirt and trpousers or blouse and skirt – clothing is an instrument of expression, a social must and a major factor of consumption. Internet and debates on climate change have changed the indicators. On the one hand, textile online trade is booming, while local stores have come under pressure to an increasing degree and cities are on the search for new ideas. On the other hand, consumers increasingly ask for products considering aspects of fairness and ecology during production. Manufacturers and stores have to react. These subjects are on focus during the Sustain that takes place on Tuesday, March 24, 2020 in Bremen in the Glocke.

The conference on sustainability in production, trade and consumption will take a second round: On March 24, 2020, the Weser-Kurier’s conference SUSTAIN will take place in the run-up to the International Cotton Conference once more. The Bremen Cotton Exchange is again cooperating partner of this event. The theme “City and Change – the Future of the Textile Retail Trade” is on focus this year.

Shirt and trpousers or blouse and skirt – clothing is an instrument of expression, a social must and a major factor of consumption. Internet and debates on climate change have changed the indicators. On the one hand, textile online trade is booming, while local stores have come under pressure to an increasing degree and cities are on the search for new ideas. On the other hand, consumers increasingly ask for products considering aspects of fairness and ecology during production. Manufacturers and stores have to react. These subjects are on focus during the Sustain that takes place on Tuesday, March 24, 2020 in Bremen in the Glocke.

Exciting keynote speakers and panel guest from fashion, science and the textile industry
Sustain will feature outstanding speakers from the economy, politics and society discussing for instance the possibilities of new techniques in stationary retail trade, the compatibility of fair production with business interests of manufacturers as well as the question whether consumers are willing to pay the additional costs of sustainability. These are themes that influence the vitality of the cities just as the purchase decisions of the consumers.

Prof. Dr Niko Paech, Professor of Economics, Wolfgang Krogmann, Advisory Director Primark, Urs-Stefan Kinting, Managing Partner of the Zero Group, Model & TV Presenter Alena Gerber, Rolf Heimann, CEO Hessnatur Stiftung, Kai Falk, Managing Director Communication of the German retail association Handelsverband Deutschland and many others confirmed their participation.

Source:

Bremer Baumwollbörse

Photo: The Denim Window
24.02.2020

ARCHOMA JOINS ‘THE DENIM WINDOW’ TO SUPPORT INSPIRED, SUSTAINABLE DENIM CREATION

Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that it has joined ‘The Denim Window’ as its showcase company for color and effect technologies.

The Denim Window is a showroom located in Amsterdam, Netherlands, and dedicated to providing apparel brands with inspiration, sustainability and innovation for their denim collections. Created and curated by Silvia Rancani, a passionate denim consultant with a unique flair for fashion and technology, The Denim Window connects carefully selected companies with brands through exclusive events and showcases at The Denim Window location.

The Denim Window allows its visitors to find in one single place fabric mills, garment makers, chemical suppliers, fiber and trim producers, where designers, product developers, fashion students, denim lovers & emerging talents are invited to review and learn more about the products, aiming to stimulate creativity and innovation through collaborations.

Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that it has joined ‘The Denim Window’ as its showcase company for color and effect technologies.

The Denim Window is a showroom located in Amsterdam, Netherlands, and dedicated to providing apparel brands with inspiration, sustainability and innovation for their denim collections. Created and curated by Silvia Rancani, a passionate denim consultant with a unique flair for fashion and technology, The Denim Window connects carefully selected companies with brands through exclusive events and showcases at The Denim Window location.

The Denim Window allows its visitors to find in one single place fabric mills, garment makers, chemical suppliers, fiber and trim producers, where designers, product developers, fashion students, denim lovers & emerging talents are invited to review and learn more about the products, aiming to stimulate creativity and innovation through collaborations.

The Denim Window and Archroma will regularly organize workshops to support brands and retailers with systems and inspiration to create denim colors and effects in “The Archroma Way: safe, efficient and enhanced. Because it’s our nature!”.

The company, which made the headlines with innovations such as its aniline-free* Denisol® Pure Indigo or its EarthColors® range of dyes based on non-edible biomass waste from the herbal and agricultural industries, participated to the recent exhibition organized at The Denim Window in Amsterdam on 23 January to celebrate Chinese New Year with the new Denim Window 2020 member companies.

“Amsterdam has developed as one of the world’s denim cities with global meet-ups and events, and now the conferences, workshops and permanent showroom of The Denim Window”, explains Umberto Devita, Business Development Manager for Denim & Casual Wear at Archroma. “The Denim Window, Archroma and the other member companies share the same passion for creativity, innovation and denim with a soul, and that makes us a match made in heaven. We are very excited to have been given this opportunity to collaborate the Denim Window dream team!”

President of Indonesia Inaugurates Country’s Largest Viscose Rayon Facility (c) APR
President of Indonesia Inaugurates Country’s Largest Viscose Rayon Facility
21.02.2020

APR: New Viscose Rayon Facility

  • Investment of Rp. 15 trillion (USD1,1 billion) in facility
  • Supports development of national textile industry and ‘Making Indonesia 4.0’ roadmap

The President of Indonesia, Joko Widodo, today inaugurated Indonesia's largest integrated viscose rayon production facility, injecting a boost for the country’s textile sector and the Indonesian Government’s industrial 4.0 development strategy.

The new Asia Pacific Rayon (APR) facility is located in the same production complex as APRIL Group in Pangkalan Kerinci, Riau province, Sumatra. This co-location allows integrated operations where renewable plantation pulp supply from APRIL feeds directly to APR for viscose rayon production. The new operation represents a total investment of approximately Rp.15 trillion (USD1.1 billion).

The APR facility has an annual production capacity of 240,000 tons. The inauguration ceremony included the signing of a plaque by President Widodo and the symbolic sealing by the President of an export container with 10,190 tons of viscose rayon fibre for shipment to Turkey, one of APR’s key export markets, and another 12,000 tons to Central Java.

  • Investment of Rp. 15 trillion (USD1,1 billion) in facility
  • Supports development of national textile industry and ‘Making Indonesia 4.0’ roadmap

The President of Indonesia, Joko Widodo, today inaugurated Indonesia's largest integrated viscose rayon production facility, injecting a boost for the country’s textile sector and the Indonesian Government’s industrial 4.0 development strategy.

The new Asia Pacific Rayon (APR) facility is located in the same production complex as APRIL Group in Pangkalan Kerinci, Riau province, Sumatra. This co-location allows integrated operations where renewable plantation pulp supply from APRIL feeds directly to APR for viscose rayon production. The new operation represents a total investment of approximately Rp.15 trillion (USD1.1 billion).

The APR facility has an annual production capacity of 240,000 tons. The inauguration ceremony included the signing of a plaque by President Widodo and the symbolic sealing by the President of an export container with 10,190 tons of viscose rayon fibre for shipment to Turkey, one of APR’s key export markets, and another 12,000 tons to Central Java.

The ceremony was also graced by the Minister of Industry, Agus Gumiwang Kartasasmita, the Minister of Trade Agus Suparmanto, the Governor of Riau, Syamsuar, RGE Founder and Chairman Sukanto Tanoto, and Anderson Tanoto, Director, RGE.

Speaking at the inauguration, President Widodo welcomed APR's investment in the development of the national textile industry. The role of the private sector was influential in driving economic growth, alongside the stimulus provided by the Government, he said. “Our garment industry should be greater than Vietnam. We already have our own raw materials here, such as viscose rayon, to support the industry,” he said.

Economic Contribution
APR’s business aligns with President Jokowi's vision to encourage more value-added investment in the nation and the strengthening of the national textile and textile product (TPT) industry, as set out in the Making Indonesia 4.0 Road map. In addition, the production of viscose rayon will reduce dependence on the import of textile raw materials, particularly cotton, to meet domestic demand.

Agus Gumiwang Kartasasmita, Minister for Industry, said: “By optimising the availability and use of raw materials originating from Indonesia, we can boost the performance of our textile sector. This is just one of several steps we are taking to continue to improve the performance and competitiveness of the labour-intensive industry.”

Basrie Kamba, Director APR, said: “The presence of APR will have a positive impact on employment and business opportunities for small and medium-sized businesses in the upstream and downstream sectors of the textiles and textile products industry. We are honoured and grateful to President Jokowi for inaugurating our new facility”.

In addition to Turkey, APR’s products are exported to 14 other countries including key textile centres such as Pakistan, Bangladesh, Vietnam, Brazil, and various parts of Europe. The products also support an expanding Indonesia fashion industry.

It is estimated that APR may generate foreign exchange revenues exceeding Rp1.77 trillion (USD130 million) annually, and reduce dependence on imported raw materials by about Rp2.01 trillion (USD149 million) annually.

Sustainable Production
APR produces sustainable viscose rayon fiber from renewable, traceable and biodegradable raw materials. The company’s raw materials are supplied by APRIL Group, which is recognised as a responsible pulp producer through national (Timber Legality Verification System) and international (Program for the Endorsement of Forest Certification/PEFC) certifications.

APR is the first viscose rayon manufacturer in Indonesia to receive the internationally recognised STeP certification from OEKO-TEX ®, an independent Swiss-based certification organisation, for the responsible manufacturing of viscose staple fibre.

APR has launched the ‘Everything Indonesia’ campaign to promote the sustainable sourcing and production of fashion from Indonesia. The aim is to support Indonesia’s resurgence as a global centre for textile manufacturing, and catalyse home-grown fashion design and creativity.

Source:

Omnicom Public Relations Group

Hexcel’s Complete Composite Solutions for Marine at JEC World 2020 (c) Hexcel
Hexcel’s Complete Composite Solutions for Marine at JEC World 2020
17.02.2020

Hexcel’s Complete Composite Solutions for Marine at JEC World 2020

At JEC World 2020, Hexcel will display components and models from marine composite specialists Gunboat and a leading U.K. superyacht builder, as well as showcase a new low-temperature adhesive film.

Hexcel offers a comprehensive range of DNV GL approved multiaxial fabrics, woven reinforcements, and prepregs aimed at builders of high-performance racing yachts and luxury yachts. Hexcel materials are used for hull and deck structures and for masts and appendages on the most advanced composite marine structures, including racing yachts for the America’s Cup and IMOCA class.

Innovations on display include:

  • Hexcel’s HiMax™ Carbon Multiaxials and PrimeTex® Woven Carbon Fabrics for Gunboat 68.
  • New HexBondTM Low-Temperature Adhesive Film.
  • HexPly® M79 Prepregs for Short Cycle Times.
  • HexPly® XF2 Surfacing Prepreg and HexPly® SuperFIT™ Prepregs.
  • HexTow® HM54 Carbon Fiber.

Hexcel’s marine innovations will be on display on the Hexcel booth at JEC World 2020, Hall 5, Booth J41.

At JEC World 2020, Hexcel will display components and models from marine composite specialists Gunboat and a leading U.K. superyacht builder, as well as showcase a new low-temperature adhesive film.

Hexcel offers a comprehensive range of DNV GL approved multiaxial fabrics, woven reinforcements, and prepregs aimed at builders of high-performance racing yachts and luxury yachts. Hexcel materials are used for hull and deck structures and for masts and appendages on the most advanced composite marine structures, including racing yachts for the America’s Cup and IMOCA class.

Innovations on display include:

  • Hexcel’s HiMax™ Carbon Multiaxials and PrimeTex® Woven Carbon Fabrics for Gunboat 68.
  • New HexBondTM Low-Temperature Adhesive Film.
  • HexPly® M79 Prepregs for Short Cycle Times.
  • HexPly® XF2 Surfacing Prepreg and HexPly® SuperFIT™ Prepregs.
  • HexTow® HM54 Carbon Fiber.

Hexcel’s marine innovations will be on display on the Hexcel booth at JEC World 2020, Hall 5, Booth J41.

More information:
Hexcel JEC
Source:

100percentmarketing

PFAFF INDUSTRIAL auf der Messe SIMAC Tanning Tech (c) PFAFF Industrial
PFAFF INDUSTRIAL auf der Messe SIMAC Tanning Tech
13.02.2020

PFAFF INDUSTRIAL at SIMAC Tanning Tech

At this year’s trade fair „SIMAC Tanning Tech“, PFAFF Industrial, together with DÜRKOPP ADLER and the regional agency DAP ITALIA, will present the latest solutions for shoe and leather processing. The fair will take place in Milan from 19th to 21st of February 2020. The joint booth is located in Hall 14, No. C09.

PFAFF News and Highlights:

PFAFF 3806
New integrated workplace for closing rub-down seams, such as heel-, front- and side seams on street shoes, slippers and leg boots. The PFAFF 3806 is equipped with two-thread chainstitch high-speed seamer head PFAFF 5487 with drop feed and variable top feed, high lift and adjustable top feed pressure, which ensures consistently high quality. Reinforcing tapes, which may be applied from top impart greater durability to the seams and prevent fine leathers from being pulled out of shape. Automatic control sequences (via parameter or photocell) reduce the manual handling and increase the process reliability and output.

At this year’s trade fair „SIMAC Tanning Tech“, PFAFF Industrial, together with DÜRKOPP ADLER and the regional agency DAP ITALIA, will present the latest solutions for shoe and leather processing. The fair will take place in Milan from 19th to 21st of February 2020. The joint booth is located in Hall 14, No. C09.

PFAFF News and Highlights:

PFAFF 3806
New integrated workplace for closing rub-down seams, such as heel-, front- and side seams on street shoes, slippers and leg boots. The PFAFF 3806 is equipped with two-thread chainstitch high-speed seamer head PFAFF 5487 with drop feed and variable top feed, high lift and adjustable top feed pressure, which ensures consistently high quality. Reinforcing tapes, which may be applied from top impart greater durability to the seams and prevent fine leathers from being pulled out of shape. Automatic control sequences (via parameter or photocell) reduce the manual handling and increase the process reliability and output.

PFAFF 1591
On the fair PFAFF INDUSTRIAL will show its electronic single-needle shoe post-bed machine with touch-control panel, new thread trimmer for short thread ends (< 5 mm) and new programmable thread tension. The key benefit of “programmable thread tension” is that suitable thread tensions can be applied for different material thicknesses and/or for different seam sequences (as these can be programmed on electronic machines). The tensions can be accessed and/or set via a knee switch or stitch counting. Manual setting of the thread tension, as is common with current shoe machines, is no longer necessary with the programmed thread tension.

PFAFF 8303i
The ot-air taping machine for welding continuous seams on water-resistant, waterproof and breathable materials will be exhibited as “shoe version” with very small/slim post from back. Effortlessly shoe uppers with small radii can be taped. The slim post and the differential feed (via two separate drive motors for the top and bottom feed roller) ensures absolute neat seams and a requested fullness und shaped parts.
 

Bremer Baumwollbörse, Bremer Rathaus (c) Bremen Cotton Exchange
Bremer Baumwollbörse, Bremer Rathaus
10.02.2020

International Cotton Conference Bremen 2020: keynotes

Focus on Sustainability and Climate Change

Passion for Cotton: The 35th International Cotton Conference Bremen starts on 25 March in the Hanseatic city’s historic Town Hall. But before subject-specific questions are discussed in depth in the individual sessions, the concise and inspiring keynotes by leading business experts from science and industry will draw attention to the current trends and challenges in the industry at the start of the conference. A large part of the presentations is shaped by the current discussion on environmental and sustainability issues and the resulting consequences for the global economy.

Climate Change and Sustainability

“Climate change - a storm in a teacup?” asks Kai Hughes, Executive Director of the International Cotton Advisory Committee, Washington D.C., USA, in a provocative speech. The aim of his presentation is to work out the challenges of climate change especially for agriculture and cotton production. This should form the basis for later discussion on concrete approaches and solutions within the cotton community.

Focus on Sustainability and Climate Change

Passion for Cotton: The 35th International Cotton Conference Bremen starts on 25 March in the Hanseatic city’s historic Town Hall. But before subject-specific questions are discussed in depth in the individual sessions, the concise and inspiring keynotes by leading business experts from science and industry will draw attention to the current trends and challenges in the industry at the start of the conference. A large part of the presentations is shaped by the current discussion on environmental and sustainability issues and the resulting consequences for the global economy.

Climate Change and Sustainability

“Climate change - a storm in a teacup?” asks Kai Hughes, Executive Director of the International Cotton Advisory Committee, Washington D.C., USA, in a provocative speech. The aim of his presentation is to work out the challenges of climate change especially for agriculture and cotton production. This should form the basis for later discussion on concrete approaches and solutions within the cotton community.

With his lecture “The HUGO BOSS sustainability programme ... and what our customer has to do with it” Andreas Streubig, Director of Global Sustainability at Hugo Boss AG, Metzingen, Germany, rolls up the textile value chain from a different angle, starting at the consumer level. As a representative of a premium brand for women's and men's clothing, Streubig discusses sustainability as a strategic element of the corporate strategy and provides information on how elements of the strategy are being implemented at Hugo Boss.

Rüdiger Senft, Head of Sustainability at Commerzbank, Frankfurt am Main, Germany, looks at the changing role of banks in financing the cotton market. In addition to a general introduction to the topic of sustainability and banking regulation, Senft's presentation deals with the financing of the cotton trade from a social and ecological point of view.
The opening session on 25 March is hosted by Bill Ballenden, founder and owner of Dragontree, Swindon, UK, an online auction platform for the cotton trade. As a former cotton manager for Louis Dreyfus in Europe and Asia, Bill Ballenden has many years of experience in the industry.

Cross-Cutting Issues: Digitalisation, Gender, Value Chains

The subsequent session in the conference programme with the headline “A Wider View” is devoted to currently defining trends and important cross-cutting issues in the industry. This goes far beyond classic cotton themes.

A lecture by Mark Messura, Senior Vice President, Global Supply Chain Marketing for Cotton Incorporated, Cary, North Carolina, deals with the role of cotton in an increasingly digitally controlled supply chain. Significant keywords here are faster delivery times, vertical integration, transparency and traceability.

The presentation by Roger Gilmartin, Managing Director of Tri-Blend Consulting, Charlotte, USA, entitled “The secret recipe for timely, cost-optimised and high-quality cotton clothing” promises exciting and enlightening insights. Tri-Blend Consulting conducts studies on the performance of different cotton varieties during the entire consumption process to the finished yarn and evaluates them from an economic point of view.

Amy Jackson, from the Better Cotton Initiative, London, UK, presents ICA Liverpool's “Women in Cotton” initiative. With this commitment, the initiative aims to increase the influence of women in the cotton industry and give them a stronger voice, for example by building networks in cooperation.

Navdeep Singh Sodhi, International Strategic Management Consultant at the Gherzi Textile Organisation, Switzerland, gives an insight into the current development of the value chain for cotton, textiles and clothing in Africa. Looking ahead to the coming decades, also in view of population growth, Africa is seen as having a high potential for building economic structures to improve income and prosperity.

Thomas Schneider, Professor at the University of Applied Sciences in Berlin and active in the field of production planning and control, textile materials and materials testing will host the session. A leading light in his field, Thomas Schneider has more than 30 years of experience in scientific and application-oriented research in the textile and fibre sector, including at the Fibre Institute Bremen e.V.

Source:

Bremer Baumwollbörse

Kornit Digital (c) Kornit Digital Europe GmbH
Kornit Digital
07.02.2020

Kornit Digital Brings On-Demand Eco-Fashion Technology to Pure Origin

Exhibit to showcase solutions answering sustainability demands in fashion supply chain
Kornit Digital (Nasdaq: KRNT),  announced that the company is exhibiting at the Pure Origin event, taking place February 9-11 at the Olympia London. Hosted in conjunction with Pure London, Pure Origin is billed as “the UK’s only fashion sourcing show to bring every element of the fashion supply chain together in one location.”

The Kornit exhibit (Stand PO-A4) will call on brands and manufacturers to produce fashion in the most sustainable manner possible, approaching the fashion market with a statement that clothing can be produced on demand, in a profitable manner, without compromising on environmental concerns.

With its unique single-step printing solution and proprietary water-based NeoPigment™ inks, Kornit Digital enables on-demand textile manufacturing in a sustainable way. Furthermore, these solutions provide retail-quality impressions that enable retailers to become e-tailers.

 

Exhibit to showcase solutions answering sustainability demands in fashion supply chain
Kornit Digital (Nasdaq: KRNT),  announced that the company is exhibiting at the Pure Origin event, taking place February 9-11 at the Olympia London. Hosted in conjunction with Pure London, Pure Origin is billed as “the UK’s only fashion sourcing show to bring every element of the fashion supply chain together in one location.”

The Kornit exhibit (Stand PO-A4) will call on brands and manufacturers to produce fashion in the most sustainable manner possible, approaching the fashion market with a statement that clothing can be produced on demand, in a profitable manner, without compromising on environmental concerns.

With its unique single-step printing solution and proprietary water-based NeoPigment™ inks, Kornit Digital enables on-demand textile manufacturing in a sustainable way. Furthermore, these solutions provide retail-quality impressions that enable retailers to become e-tailers.

 

More information:
Kornit Digital Pure Origin
Source:

Kornit Digital Europe GmbH

Paper Converting Machine Company PCMC, Fusion C flexographic press (c) Paper Converting Machine Company PCMC
27.01.2020

Legacy Flexo invests in second Fusion C press from PCMC

  • Flexographic printing press includes award-winning SteadyPrint anti-bounce technology

Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, has announced the sale of a second Fusion C printing press to Legacy Flexo Corp. in Green Bay. “We are excited to be purchasing a second Fusion C flexographic press,” said Dan Aberly, Operations and Sales, Legacy Flexo. “We’ve experienced a lot of success with our first Fusion C, which has allowed us to offer our customers more efficient runs. The fact that PCMC has been a true partner with us, providing exceptional quality and service, and is local to us were also deciding factors.”

  • Flexographic printing press includes award-winning SteadyPrint anti-bounce technology

Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, has announced the sale of a second Fusion C printing press to Legacy Flexo Corp. in Green Bay. “We are excited to be purchasing a second Fusion C flexographic press,” said Dan Aberly, Operations and Sales, Legacy Flexo. “We’ve experienced a lot of success with our first Fusion C, which has allowed us to offer our customers more efficient runs. The fact that PCMC has been a true partner with us, providing exceptional quality and service, and is local to us were also deciding factors.”

The Fusion C has a smaller footprint with fewer parts, but incorporates many fast make-ready and waste-saving features, including the innovative SteadyPrint technology. Winner of the 2019 FTA Technical Innovation Award, SteadyPrint significantly reduces the effects of bounce when printing graphics with hard edges due to its bearing arrangement, which is coupled with an algorithm utilizing noise-canceling technology. With patents pending on all features, SteadyPrint is currently the only product on the market using this kind of technology to eliminate disturbances and provide real-time monitoring.

Source:

Paper Converting Machine Company PCMC

23.01.2020

autoneum: revenue growth in a declining market

Thanks to numerous new ramp-ups and the favorable portfolio of vehicle models supplied, Autoneum grew organically by 2.5% in a declining market. Adjusted for currency effects, Group revenue in Swiss francs amounted to CHF 2 297.4 million, 0.7% higher compared to the previous year.

For the second consecutive year, fewer vehicles were manufactured worldwide in 2019 than in the prior year. In particular, the persistently weak global economy and ongoing trade disputes have had an impact on vehicle demand. With only about 89 million vehicles produced, the market shrank by almost –6% compared to 2018. Despite this negative trend, Autoneum achieved an organic revenue growth of 2.5% through numerous production ramp-ups and a favorable mix of vehicle models supplied. Revenue consolidated in Swiss francs rose by 0.7% from CHF 2 281.5 million to CHF 2 297.4 million.

Thanks to numerous new ramp-ups and the favorable portfolio of vehicle models supplied, Autoneum grew organically by 2.5% in a declining market. Adjusted for currency effects, Group revenue in Swiss francs amounted to CHF 2 297.4 million, 0.7% higher compared to the previous year.

For the second consecutive year, fewer vehicles were manufactured worldwide in 2019 than in the prior year. In particular, the persistently weak global economy and ongoing trade disputes have had an impact on vehicle demand. With only about 89 million vehicles produced, the market shrank by almost –6% compared to 2018. Despite this negative trend, Autoneum achieved an organic revenue growth of 2.5% through numerous production ramp-ups and a favorable mix of vehicle models supplied. Revenue consolidated in Swiss francs rose by 0.7% from CHF 2 281.5 million to CHF 2 297.4 million.

Revenue growth in North America, Asia and SAMEA region significantly above market The Business Groups North America, Asia and SAMEA (South America, Middle East and Africa) not only outperformed the negative market trend in each case, but also reported higher revenues compared to the previous year. In Europe only, the drop in automobile production caused a decline in revenue of the corresponding Business Group by –5.6% in local currencies. Business Group North America improved its revenue by 7.2% on a currency-adjusted basis, primarily driven by various production ramp-ups of German and Japanese vehicle manufacturers. Despite considerably fewer vehicles being produced in Asia, the Business Group increased its revenue in local currencies by 8.1% thanks to high-volume and new programs of European and Asian automobile manufacturers. Business Group SAMEA continued its growth course. Against the market slump in this region, revenue in local currencies and adjusted for inflation rose by 32.7%. This was mainly due to high-volume export programs in Turkey and South Africa as well as much higher production volumes compared to the previous year in the key SAMEA market of Brazil.

More information:
Autoneum
Source:

autoneum

Monforts: Half a century of excellence (c) A. Monforts Textilmaschinen GmbH & Co. KG
Monforts: Half a century of excellence
20.01.2020

Monforts: Half a century of excellence

The origins of both Industry 4.0 and an awareness of the need for more sustainable manufacturing methods can arguably be traced back to the year 1971.

It was in 1971 that the first microprocessor was introduced by Intel, and also that the first and perhaps now most well-known environmental campaigner, Greenpeace, was founded.

As such, a direct line can be charted from that year to today’s automated textile manufacturing machinery concepts, as well as the drive to develop more increasingly resource-efficient processes.

All of the recent innovations which have been introduced to the market by A. Monforts Textilmaschinen GmbH & Co. KG, for example, are being powered by the possibilities of Industry 4.0 and developed in response to the market demand for more sustainable production.

The origins of both Industry 4.0 and an awareness of the need for more sustainable manufacturing methods can arguably be traced back to the year 1971.

It was in 1971 that the first microprocessor was introduced by Intel, and also that the first and perhaps now most well-known environmental campaigner, Greenpeace, was founded.

As such, a direct line can be charted from that year to today’s automated textile manufacturing machinery concepts, as well as the drive to develop more increasingly resource-efficient processes.

All of the recent innovations which have been introduced to the market by A. Monforts Textilmaschinen GmbH & Co. KG, for example, are being powered by the possibilities of Industry 4.0 and developed in response to the market demand for more sustainable production.

They include the new ‘digital twinning’ capability introduced in 2019 for all Monforts machines, with advanced sensor technologies which make it possible to access comprehensive technical machine data from any location using the company’s Smart Support and Smart Check apps. In addition, the digital twin system provides information on individual wear parts, such as, for example, converters or gears.

These latest developments have been very favourably received by Monforts customers, especially in Europe.

50th anniversary
The very first Heimtextil – the leading trade fair for the home textiles market – was also held in Frankfurt in January 1971 and Monforts customers Bierbaum Group and Konrad Hornschuch AG are amongst the German companies who were there from the very start and have attended every annual show since.

Bierbaum Group, based in Borken, is the company behind the well-known Irisette bedding brand and is celebrating its own 125th anniversary in 2020. It has also introduced products bearing the German government’s new Grüner Knopf textile seal of approval for sustainable production.

As a specialist in synthetic leathers for home surfaces, as well as vehicle interiors, Konrad Hornschuch AG, of Weissbach, has been a member of the €44 billion automotive giant Continental AG since 2016.

Representatives from both companies received memorial trophies at a special presentation held on January 7th during the 50th anniversary Heimtextil show.

The home textiles market remains very strong in Germany, with sales amounting to some €9.6 billion in 2019, according to analyst IFH Cologne.

Global growth
The first Heimtextil in 1971 was a significant success, attracting 679 exhibitors from 26 countries.

This year’s show, however, attracted a total of 2,952 exhibitors from 66 countries, reflecting not only the growth of the home textiles industry, but also the globalisation which has taken place over the last half century.

Monforts now has customers for its advanced finishing technologies around the world, with home textile customers from India and Pakistan being particularly well represented at Heimtextil 2020.

Among stand outs from Indian companies at this year’s show was the 2020 collection of Welspun India’s famous Christy England brand, inspired by botanical studies of the gardens of British stately homes. Welspun towels meanwhile benefit from the company’s HygroCotton hollow core yarn technology, produced by a proprietary spinning method which ensures they become softer, fluffier and more absorbent after every wash.

An equally ground-breaking new technology is being introduced by Trident Group, which is one of India’s largest vertically-integrated home textiles manufacturers and two years ago installed five complete Monforts finishing ranges for its new linen department.

Trident’s patented Air Rich yarns feature pores throughout their cross sections for high breathability and absorbency, as well as rapid drying.

Monforts home textile customers from Pakistan stressed the resource efficiency of their processes and products as a result of investments in advanced technology, and during the show the ‘Sustainable Pakistan’ initiative was announced.

Supported by GIZ, the German Society for International Cooperation, the initiative aims to reshape global perceptions of Pakistan’s manufacturers and their innovations. So far, twenty producers have been carefully chosen to be presented on this global platform and will help rebrand Pakistan’s textile industry at the Heimtextil exhibitions going forward.

Heimtextil’s organiser Messe Frankfurt also announced its own new alliance with the United Nations Office for Partnerships, in order to support the UN’s Sustainable Development Goals.

Constancy
Many things have changed since 1971 and home interiors are certainly no longer predominantly orange and brown – and perhaps unlikely to ever become so again.

It’s clear, however, that there has been a constancy in the push to consistently improve textile technologies, processes and products that may have originated in Europe, but have subsequently spread around the world.

And the significance of both microprocessors and sustainability in 2020 could only have been guessed at back in 1971.

 

(c) schoeller-textiles
15.01.2020

Telekom, AlphaTauri and Schoeller are launching the Heatable Capsule Collection

How many jackets do you need to get through all the shifts in temperature during fall and winter? The moment may have arrived where just one jacket will do. And how cool would it be if everyone could optimise the warmth of their jacket individually and adapt it to their personal feel-good factor? And all in a product without compromises, where sophisticated design and intelligent fabrics join forces with technological competence? For this ambitious aim, these three leading companies put their heads and their core competencies together.

How many jackets do you need to get through all the shifts in temperature during fall and winter? The moment may have arrived where just one jacket will do. And how cool would it be if everyone could optimise the warmth of their jacket individually and adapt it to their personal feel-good factor? And all in a product without compromises, where sophisticated design and intelligent fabrics join forces with technological competence? For this ambitious aim, these three leading companies put their heads and their core competencies together.

The Heatable Capsule Collection is on its way
Today, Telekom, AlphaTauri and Schoeller are launching a technological innovation together: the Heatable Capsule Collection. While Telekom is bringing its technological components to the table, AlphaTauri designed the collection and Schoeller developed the heating technologies and fabrics as well as the electronic components. The Heatable Capsule Collection kicks off with a jacket and a gilet in two different colourways. Wearers decide the level of warmth for themselves in the jacket or gilet. The clothing items are operated by app. Individual zones around the pocket and kidney areas can be heated.

The collection, for men and women, targets the lifestyle and technology-oriented consumer segment, the so-called “urban explorer”. The apparel is cross-seasonal, suitable for all cooler types of weather, and practical when travelling, hiking or for other sports. The partially heatable gilet can be worn alone or under a jacket.

The ideal feel-good temperature can be selected from two heating levels in the jacket and gilet. Thanks to Schoeller® E-Soft-Shell heating technology the heat function is completely integrated into the fabric and localised as close as possible to the wearer’s body. Beyond that, the inbuilt sensors can measure the microclimate temperature inside the jacket.

The jacket is already being further developed with additional features, where connectivity and AI will become increasingly relevant.

13.01.2020

Kelheim Fibres: Frontrunner in CanopyStyle “Hot-Button“Ranking

In the 2019 `Hot-Button´ report issued by the forest conservation organisation Canopy, Kelheim Fibres attained a “green shirt” ranking. Many fashion brands already value the `Hot-Button´ report as a reliable indicator for sustainability for viscose fibre producers.

Raw material wood sourced only from certified sustainable forestry
The CanopyStyle initiative aims to achieve that no wood from ancient and endangered forests is used to produce viscose fibres. The audited companies must prove that they avoid these fibres and have implemented appropriate rules and procedures to check the origin of the wood. Performance in the areas environmental protection and innovation have been examined and evaluated by qualified external auditors; the report will be posted publicly in the first quarter of 2020.

In the 2019 `Hot-Button´ report issued by the forest conservation organisation Canopy, Kelheim Fibres attained a “green shirt” ranking. Many fashion brands already value the `Hot-Button´ report as a reliable indicator for sustainability for viscose fibre producers.

Raw material wood sourced only from certified sustainable forestry
The CanopyStyle initiative aims to achieve that no wood from ancient and endangered forests is used to produce viscose fibres. The audited companies must prove that they avoid these fibres and have implemented appropriate rules and procedures to check the origin of the wood. Performance in the areas environmental protection and innovation have been examined and evaluated by qualified external auditors; the report will be posted publicly in the first quarter of 2020.

Sustainable fibres for a changing market
“For years now Kelheim Fibres has consistently recognised the importance of sustainability and environmental protection. Now that resource saving and alternatives to plastics are of focal interest to the public and to the economy, our products are meeting with an even better reception from the market. Fibres produced in Germany with low emissions from certified sustainable timber meet the needs of customers seeking products that have a low risk of sourcing from ancient and endangered forests. “Having been awarded a `green shirt´ in the `Hot-Button´ ranking once again underlines this absolutely clearly!” says Matthew North, Commercial Director at Kelheim Fibres.

More information:
Kelheim Fibres
Source:

Kelheim-Fibers

SEEK: Give bag 2020 (c) SEEK
SEEK: Give bag 2020
09.01.2020

SEEK: Give bag 2020

SEEK renews its Give Bag collaboration with the OneWarmWinter homeless initiative

Last year, approx. 100 boxes of donations were collected at SEEK. They were then packed into 500 Give Bags and given out to the homeless as part of the New Year's celebrations at the Heilig-Kreuz-Kirche church in Kreuzberg.

“The charity campaign was an all-out success right from the start and would not have been possible without our partners of many years! We want to take further steps towards sustainability together and gradually distance ourselves from the massive waste in the fashion industry.”– Marie-Luise Patzelt, SEEK Team

There will be collections for donations this season, too. A large container will again be located in front of SEEK, where exhibitors’ donations can be accepted. This season will also see another box for donations at the trade fair itself, as well as at PREMIUM in STATION-Berlin, where more brand and private donations will be collected.

SEEK renews its Give Bag collaboration with the OneWarmWinter homeless initiative

Last year, approx. 100 boxes of donations were collected at SEEK. They were then packed into 500 Give Bags and given out to the homeless as part of the New Year's celebrations at the Heilig-Kreuz-Kirche church in Kreuzberg.

“The charity campaign was an all-out success right from the start and would not have been possible without our partners of many years! We want to take further steps towards sustainability together and gradually distance ourselves from the massive waste in the fashion industry.”– Marie-Luise Patzelt, SEEK Team

There will be collections for donations this season, too. A large container will again be located in front of SEEK, where exhibitors’ donations can be accepted. This season will also see another box for donations at the trade fair itself, as well as at PREMIUM in STATION-Berlin, where more brand and private donations will be collected.

More information:
SEEK
Source:

SEEK

02.01.2020

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

Peruvian print business delivering DTG capabilities for prestigious apparel brands worldwide

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

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

Peruvian print business delivering DTG capabilities for prestigious apparel brands worldwide

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

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

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

 

Sappi Europe
Sappi Europe
20.12.2019

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

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

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

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

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

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

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

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

More information:
Sappi Europe
Source:

Sappi Europe

09.12.2019

Updated short- and mid-term outlook

Following an in-depth analysis of the current business situation conducted by the new Group Management, Autoneum expects a net loss in the high double-digit million range for the full year 2019 due to the situation in North America and related one-time charges from impairments. Therefore, achieving the communicated mid-term targets will take more time.

A comprehensive assessment by the new Group Management focusing on Business Group North America and taking into account the course of business from January to November 2019 led to a revaluation of the situation. It has become apparent that the problems in North America are not limited to two US plants and deficient ramp-ups there. Accordingly, a comprehensive turnaround program focusing on operational excellence and the improvement of cost structures is being developed and implemented in Business Group North America.

Following an in-depth analysis of the current business situation conducted by the new Group Management, Autoneum expects a net loss in the high double-digit million range for the full year 2019 due to the situation in North America and related one-time charges from impairments. Therefore, achieving the communicated mid-term targets will take more time.

A comprehensive assessment by the new Group Management focusing on Business Group North America and taking into account the course of business from January to November 2019 led to a revaluation of the situation. It has become apparent that the problems in North America are not limited to two US plants and deficient ramp-ups there. Accordingly, a comprehensive turnaround program focusing on operational excellence and the improvement of cost structures is being developed and implemented in Business Group North America.

As a result of the slowdown in the automotive industry and the continuing low market level forecasted in the medium term, the cost structure at the Group’s headquarters in Winterthur, Switzerland, has been adjusted, among other things, by selective staff reduction. To further reinforce new mobility activities, they will be concentrated at the Research and Technology Center in Winterthur. This will include the relocation of the Competence Center New Mobility from Sunnyvale (CA), USA, to Winterthur.

Due to the continuing losses of Business Group North America, Autoneum expects a net loss for the financial year 2019 in the high double-digit million range. In addition to current operating losses, this also includes one-time charges from impairments which are not cash-effective. To achieve the Group’s mid-term targets announced in March (“2019 Year of tidying, 2020 Year of transition, 2021 Return to sound profitability level), an additional year will therefore be needed.

More information:
Autoneum Management AG
Source:

Autoneum Management AG