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Rieter: new contracts for CHF 30 million signed in Cairo

At the Swiss-Egyptian Investment Forum on February 3, 2020 in Cairo/Egypt, the Cotton & Textiles Holding Company, Cairo/Egypt, and textile machinery manufacturer Rieter Holding AG, Winterthur/Switzerland, signed additional contracts related to the modernization program for the Egyptian textile industry.
In the presence of H.E. Hisham Tawfik, Minister of the Public Sector of the Egyptian Government, and Swiss Federal Councilor Guy Parmelin, Head of the Federal Department of Economic Affairs, Education and Research, the contracts were signed by Dr. Ahmed Moustafa, Chairman of the Cotton & Textiles Holding Company, and Dr. Norbert Klapper, CEO of Rieter.
The total volume of the contracts sums up to around CHF 210 million, including the contracts which had been signed at ITMA 2019 in Barcelona and which represent a volume of around CHF 180 million.
Rieter expects the full amount of orders to be booked as order intake in the 1st half year (H1) of 2020. So far, CHF 165 million have been booked.

Source:
dfv media group

Teijin Aramid: Peter ter Horst appointed CEO

The high-performance fiber producer Teijin Aramid BV, Arnhem/Netherlands, has appointed Peter ter Horst as the company’s new President and CEO effective April 1, 2020. ter Horst succeeds Gert Frederiks, who will continue in an advisory role before retiring one year later.
Peter ter Horst joined Teijin Aramid in 2006 and brings relevant experience to his new role as CEO. He has held the position of Chief Financial Officer (CFO) at the company since 2011, having previously held strategy and controller positions.
Gert Frederiks and Peter ter Horst have worked closely together since the early 2010’s, focusing on cost leadership and investments in new technologies, products and capacity. As a result, Teijin recently announced production capacity increase in Delfzijl and Emmen/Netherlands, contributing to 25% targeted capacity increase from 2017 until 2022.

Source:
dfv media group

Lenzing: 2nd pilot plant completed for Tencel Luxe filament yarn

The producer of cellulosic fibers, Lenzing AG, Lenzing/Austria, has completed the 2nd pilot production plant announced in May 2018 for its innovative lyocell filament yarn Tencel Luxe. Construction of the facility at the Lenzing site involving investments of €30 million could be concluded on schedule and within budget after 20 months of intensive work. The new pilot production line, which was put into operation in the middle of December 2019, gives Lenzing sufficient capacity for commercial programs and further application development.
The properties of the Tencel Luxe fine filament yarn can be compared to those of silk due to its airy feeling on the skin and the matte finish. At the same time, it also stands out because of its extensive strength and high level of environmental compatibility. It is very well suited for very fine fabrics and in blends with silk, cashmere and wool.
The pilot plant developed by Lenzing and the know-how acquired during the construction phase will comprise the basis for the company’s further expansion in the field of sustainable filament yarns. This will also comprise the starting point for the planned construction of a large commercial production plant at the Lenzing site.

Source:
dfv media group

RadiciGroup: investments in sustainability with recycled polyamide

With Renycle, the manufacturer of synthetic fibers and yarns, RadiciGroup, Grandino/Italy, introduced a range of yarns obtained from recycled polyamide at the Domotex in Hannover/Germany, on January 10-13, 2020. The company also announced the acquisition of the material recovery company Zeta Polimeri, Buronzo/Italy, with 30 years’ experience in the recovery of synthetic fiber and thermoplastics.
Also at the Domotex, RadiciGroup exhibited a number of solutions for the recovered fibers sector, targeted at fashion fabrics, furnishings and automotive applications. These new products are the result of the company’s vertically integrated polyamide production and the synergies among its various business areas, from chemicals to engineering polymers and synthetic yarns.
Renycle offers the capability to produce yarn for the segments of textile flooring, rugs and fitted carpets, as well as fashionwear. Renycle reduces the need for new raw materials of fossil origin and is 100% recyclable at the end of its life. 

Source:
dfv media group

Advansa: Sverige will be new shareholder

On January 29 the curator of the manufacturer of polyester fibers Advansa GmbH, Hamm/Germany, announced an agreement with the Investment Holding Sverige Netherlands B.V., Hoofddorp/Netherlands, to acquire all the assets of Advansa GmbH as well as the other relevant companies of the Advansa Group. Among them are, for example, Advansa Marketing GmbH, Hamm, as well as Bergers Technik und Maschinenbau GmbH, Hamm.
Sverige is affiliated with the major shareholders of the manufacturer of polyester PT Asia Pacific Fibers Tbk. (APF), Jakarta/Indonesia. APF manufactures and markets polyester chips, staple fibers, filament yarns and fleece fabrics along with captive PTA. Sverige expects that its investment in Advansa will lead to close cooperation between Advansa and APF, permitting each company to realize the synergies, having plants in both Europe and Asia and with the possibility to offer a wider portfolio of products to customers.
All the Advansa technology and trademarks will remain with the group, including the rights to former DuPont polyester technology and brands in Greater Europe.
Approximately 165 Advansa employees will continue with the Advansa Group, along with all relevant intellectual property, equipment, technology and brands. The closing of the transaction is in preparation and is expected in about one month after completion of usual conditions.

Source:
dfv media group