3D Printing Company Fortify Takes Home ACE Award For Tooling Innovation

BOSTON — October 3, 2019 — Fortify, a composite 3D printing company, won the ACE (Awards for Composites Excellence) award in the manufacturing category for Equipment and Tooling Innovation. The American Composites Manufacturers Association (ACMA) presented the ACE award to Fortify at the sixth annual Composites and Advanced Materials Expo (CAMX) for its submission of 3D Printing Magnetically Aligned Composites.

“This award is a testament to the advancement of additive manufacturing in the composites industry,” said Fortify CEO Josh Martin. “Fortify is on the way to democratizing composites for a number of different application spaces. We are honored to be recognized for the role that Fortify is playing to integrate these two growing verticals. There is tremendous opportunity for the composites industry to capitalize on additive, and we are excited to continue breaking ground in tooling and production applications.”

According to the ACMA, the award is given to the equipment, tooling, production aid, or software that is designed to improve manufacturing production, environmental sustainability or product quality and performance in composites manufacturing. This year, the award went to Fortify for its Digital Composite Manufacturing (DCM) platform. The technology platform improves performance by aligning fibers optimally throughout parts.

Fortify was also a finalist for two additional categories including the CAMX Unsurpassed Innovation Award and the CAMX Combined Strength Award.

Fortify is currently validating applications with leaders in the automotive and aerospace industries and will launch its beta program for machine hardware in the first half of 2020.

Posted October 3, 2019

Source: Fortify

Aramark Expands Relationship With Dickies® To Provide Additional Premium Apparel Options To More Workers

PHILADELPHIA — October 3, 2019 — Aramark — a global supplier of food, facilities management and uniforms — today announced it is expanding its strategic relationship with Dickies, one of the largest providers of performance workwear, to provide customers with a wider assortment of premium Dickies apparel options for the industrial rental market.

“Dickies and Aramark are leaders in their respective industries and this strong alliance will create a competitive force in the rental market,” said Brad Drummond, COO for Aramark’s Uniforms and Refreshments businesses. “Taking the world’s most recognized and trusted performance workwear brand and backing it with Aramark’s industry-leading service creates a premium solution for our customers and the rental market at large. Our ultimate goal is to add maximum value for our customers and this expanded relationship does just that.”

Through the expanded relationship, Aramark will offer customers new uniform options and a larger assortment of colors in twill, poplin, knit, duck and denim fabrics. The offering includes a modern fit for men and women in a variety of industries from a widely recognized and respected workwear brand.

“Aramark’s customers now have more choices and unparalleled access to our diverse, durable and comfortable performance-led workwear without compromising the great benefits of rental convenience,” said Denny Bruce, Dickies Global Brand president. “Together, we have a shared vision to better serve workers needs and now Dickies can provide Aramark’s customers with the broadest assortment of premium products available in the rental marketplace.”

Dickies performance workwear is available to Aramark customers through its uniform rental program, which includes the pick-up, laundering and delivery of fresh uniforms weekly. Aramark provides uniform rental and uniform leasing services to more than 400,000 customer accounts nationwide from over 228 service locations and distribution centers across the United States. Aramark’s full-service employee uniform solution includes design, sourcing and manufacturing, customization, cleaning, maintenance and delivery.

Posted October 3, 2019

Source:  Aramark

Bally Ribbon Mills Announces E-WEBBINGS® E-textile Product Base For Electronic Intercommunicative Technology

BALLY, Pa. — October 3, 2019 — Bally Ribbon Mills (BRM) — an industry designer, developer, and manufacturer of highly specialized engineered woven fabrics — announces its proprietary E-WEBBINGS® e-textile product base, specifically designed to serve as a customizable base for a wide range of smart textile applications within the Internet of Things (IoT). These smart textiles serve as the foundation layer to which electronic intercommunicative technology is integrated directly. They allow for smaller final product size, lower weight, optimal user comfort, and significant cost savings.

E-Webbings narrow woven fabrics are made from a wide variety of fibers and conductive elements that allow electronics and digital parts to be embedded in them. BRM works with customers to design the structural and conductive components that allow for the detection and gathering of data depending on the specific applications.

Before beginning work on designing and customizing E-Webbings, BRM engineers take the time to thoroughly understand the purpose and specific requirements of the end device, and work closely with clients throughout each step of the process to ensure all needs are met.

Designers thoughtfully and carefully select each component and factor that goes into an E-Webbings textile, so the conductor, base webbing, power source, and sensor work seamlessly together. Conductive fibers or wires can be woven right into the E-Webbings fabric, allowing for transmission of power and information without the need for additional wiring in the final component. BRM also offers many sensor options, based on where within the product the textile structure is located, and what types of information and data it needs to measure.

Posted October 3, 2019

Source:  Bally Ribbon Mills (BRM)

AE Industrial Partners Announces Partner Promotions

BOCA RATON, Fla. — October 3, 2019 — AE Industrial Partners LP, a private equity firm specializing in aerospace, defense & government services, power generation, and specialty industrial markets, announced today the promotions of four professionals of the firm. Jon Nemo was promoted to senior partner, while Charlie Compton, Kirk Konert and Peter Schumacher were promoted to partner, effective immediately.

“Over the past six years, we have been focused on building an investment team and organization that is best-in-class,” said David Rowe, managing partner of AEI. “The promotions of Jon, Charlie, Kirk and Peter reflect their achievements in building and creating value in our portfolio, and the leadership they have shown in the firm.”

“Our goal in broadening the partnership ranks is to ensure continuity, sustainability and long-term institutional memory in the manner we conduct our business,” said Michael Greene, managing partner, AEI. “Our market presence will be larger and stronger with the expansion of our partnership ranks.”

Nemo joined AEI as a Partner in 2016 and is responsible for originating, executing and monitoring portfolio investments. He is a member of the firm’s investment committee and provides senior leadership with respect to AEI’s strategic direction and overall management. Nemo currently sits on the board of directors of AEI portfolio companies Alpine Air Express, Applied Composites, Atlas Group, CDI and Triman Industries. He has specialized in aerospace and defense throughout his nearly 25 years in private equity and mergers & acquisitions. He graduated from the University of Michigan.

Compton joined AEI in 2014 and is responsible for originating, executing and monitoring portfolio investments. He currently sits on the board of directors of AEI portfolio companies BHI Energy, Kellstrom Aerospace, Moeller Aerospace and Triman Industries. Compton has more than 10 years in private equity and mergers & acquisitions. He graduated with high honors from the University of Georgia with a BBA in Accounting.

Konert joined AEI in 2014 and is responsible for originating, executing and monitoring portfolio investments. He currently sits on the board of directors of AEI portfolio companies Applied Composites, Atlas Group, CDI, Columbia Helicopters and Gryphon Technologies while also actively managing the firm’s investment in Belcan.  Konert has more than 10 years in private equity and mergers & acquisitions. He graduated from Davidson College with a BA in Economics.

Schumacher joined AEI in 2015 and is responsible for developing investment strategy, originating proprietary investment ideas, performing technical due diligence, and the monitoring and growth of portfolio investments. He currently sits on the board of directors of AEI portfolio companies Applied Composites, Atlas Group and Moeller Aerospace. Schumacher brings more than 15 years of aerospace industry engineering, business development and mergers & acquisition experience to AEI, having held senior roles at both GE Aviation and Orbital Sciences. He graduated from Arizona State University with a BS in Aerospace Engineering and received an MBA from the Ohio State University.

Posted October 3, 2019

Source:  AE Industrial Partners

Specialty Chemical Company China XD Plastics Signs $135 Million Financing Agreement With A Banks Consortium Led By Industrial And Commercial Bank Of China

HARBIN, China — October 3, 2019 — China XD Plastics Co. Ltd. — one of China’s specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications — today announced that Xinda Holding (HK) Co. Ltd., a subsidiary of the company, has entered into a $135 million Facility Agreement, dated October 2, 2019, with a Banks Consortium led by the Industrial and Industrial and Commercial Bank of China (Macau) Ltd. (ICBC) as mandated lead arranger and the lending syndicate includes Industrial and Commercial Bank of China (Macau) Ltd., Standard Chartered Bank (Hong Kong) Ltd., China CITIC Bank International Ltd., Ping An Bank Company Ltd. China (Shanghai) Pilot Free Trade Zone Branch, Bank of Shanghai (Hong Kong) Ltd., Nanyang Commercial Bank Ltd., Shanghai Rural Commercial Bank Zhangjiang Hi-Tech Sub Branch, China Minsheng Banking Corp. Ltd., Hong Kong Branch, and Tai Fung Bank Ltd.

According to the terms of the facility agreement, the consortium will provide Xinda Holding up to $135 million. The facility carries an interest rate at 2 percent per annum over LIBOR payable every three months. The 364-day term loan facility will primarily be used to refinance certain of Xinda Holding’s outstanding debt as well as to pay fees, costs and expenses relating to the refinancing.

“Working with a consortium led by ICBC, the world largest commercial bank by assets, speaks volume of the confidence that world leading financial institutions have in our business and brand,” commented Jie Han, chairman and CEO of China XD Plastics. “This financing will provide additional liquidity and financial stability to our company. We look forward to broader long-term cooperation with ICBC and other banks of the Consortium. In the past few years, ICBC has been leveraging its global service network to actively provide comprehensive financial support for Chinese companies going global and China’s “One Belt and One Road” initiative. ICBC’s overseas network has been extended to 42 countries and territories over the world, ranking the first among all Chinese-funded financial institutions in terms of global network coverage.”

Posted October 3, 2019

Source: China XD Plastics

Accounting, Tax, And Consulting Firm Mazars USA Announces Five New Partners

NEW YORK CITY — October 3, 2019 — Mazars USA LLP — an accounting, tax, and consulting firm — today announced the promotion of five new partners. Effective September 1, 2019, Jennifer Biundo, Joe Caplan, Don Crotty, Marty Garland and Jonathan Somer have been admitted to the partnership. All five were previously senior managers at the firm.

“As we continue to expand across all markets that we serve, having strong Partner candidates is critical for best serving our clients and ensuring our organizational vitality. This year’s group of new Partners exemplifies the best qualities of our firm and will enhance our entrepreneurial spirit and standard of excellence,” said Mazars USA Chairman and CEO Victor Wahba.

“On behalf of the entire partnership, I welcome these talented and dedicated individuals as new Partners.”

Jennifer Biundo, who is in the Manufacturing & Distribution (M&D) Practice in New Jersey, began her career with Mazars. She has more than 10 years of experience providing audit, tax, and consulting services for both public and private companies in a range of industries, particularly in the food and beverage, wholesale/distribution, textile and apparel, chemicals and fabrication, technology, software development and financial services sectors.  Her focus on SEC services is a valuable support to the firm’s strategic goals.

Joe Caplan is in the Entrepreneurial Business Services Practice in New Jersey. Joe has more than 14 years of experience providing tax, advisory, and accounting services to closely held businesses in a variety of industries including real estate, manufacturing, distribution, entertainment, professional medical practices architectural and law firms. He has a track record of developing close relationships with clients, acting as a trusted advisor and supporting their individual business goals. Joe has also expanded the firm’s service offerings in compensation structuring and profitability consulting.

Don Crotty is in the Food & Beverage Practice in Long Island. He has more than 20 years of experience delivering tax expertise to clients and has been instrumental in growing the M&D Tax Practice. He has extensive technical skills and expertise in multi-state and local taxation, cost segregation, mergers, acquisitions, and working with ESOP employees owned companies (“ESOP”).

Marty Garland, who is in the Pennsylvania office Insurance Practice, created and implemented a business plan focused on building a Life and Health practice. Marty has more than 11 years of experience providing, attest, internal audit, technical and accounting advisory services to the insurance industry. He also developed a firm-wide Financial Services learning curriculum and is passionate about training and mentoring staff.

Jonathan Somer is in the New York Technology & Media Practice and has been with the firm since graduating from college. He has more than 12 years’ experience providing audit, review, accounting and financial due diligence to the media, information and entertainment sector. Jonathan has created a robust network of clients and also heads the Audit Technology Taskforce, helping Mazars advance into the future of accounting.

Posted October 3, 2019

Source: Mazars USA LLP

NCTO Member Parkdale Mills Hosts Representative Doug Collins At Expanded Textile Plant

WASHINGTON — October 3, 2019 — National Council of Textile Organizations (NCTO) member Parkdale Mills met with Representative Doug Collins, Ga.-09, today at the company’s recently expanded and upgraded plant in Rabun Gap, Ga., underscoring the continued growth in investment by the U.S. textile industry.

“Northeast Georgia has long been home to a robust textile industry, and it is heartening to see companies like Parkdale continuing the proud legacy in our region,” said Representative Collins. “Parkdale’s commitment to growth and innovation is felt not only by the hardworking Georgians they employ, but by the manufacturing industry as a whole. I’m proud of the major investment they’ve made here in Rabun County, and I’m appreciative of the opportunity to visit their facility today.”

“This plant represents one of the largest textile investments in North America over the last five years,” said Daniel Nation, director of Government Relations at Parkdale, a 103-year-old textile company based in Gastonia, N.C.

Parkdale operates 28 yarn spinning and consumer product producing facilities, employing 5,200 people across eight states.

“U.S. manufacturing is the bedrock of our economy and textile producers like Parkdale have made a strong commitment to investment and jobs as evidenced by our recent completion of a $101-million upgrade to our plant in Rabun Gap,” Nation said. “It is now one of the most modern, automated open-end spinning factories in the world.”

“We thank Congressman Collins for his continued support of the textile industry,” Nation added.

Capital expenditures in plants such as Parkdale’s facility in Rabun Gap have helped drive the overall investment of $20 billion in the industry over the past decade, while contributing to the 50,645 textile jobs in the state of Georgia, which ranks first in textile employment nationally.

From 2009 to 2017, capital investment in U.S. yarn, fabric, apparel and sewn products manufacturing equaled $2.04 billion, an increase of $678 million. U.S. International Trade Commission officials said in a 2018 report on the industry that there were 59 publicly announced new or planned investments in the U.S. textile sector from January 2014 through December 2017.

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

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

Posted October 3, 2019

Source: National Council of Textile Organizations (NCTO)

Archroma To Present Innovations And System Solutions Towards Sustainable Colors And Performance At Techtextil India 2019

REINACH, Switzerland — October 3, 2019 — Archroma will be at Techtextil India to present its latest innovations and system solutions aimed to help technical textile manufacturers in India with optimized productivity and/or value creation in their markets.

Archroma offers a wide portfolio of dyes and chemicals aiming to increase sustainability and innovation along the entire value chain, from fiber to finish.

The Archroma experts present at the exhibition will introduce for the first time to audiences in India Fadex® AS New, a new “super UV protector” to make automotive & transportation textiles more resistant to light, Foron® SP-WF, a range of high-performance disperse dyes for polyester sportswear, and its ground-breaking innovation, Appretan® NTR, a water-based textile coating binder that rallies renewable natural ingredients for applications such as tea bags and coffee filters or capsules.

The Archroma Way

The solution systems and innovations presented by Archroma have all been selected for their compliance with “The Archroma Way: safe, efficient, enhanced, it’s our nature”. The approach finds its origin in Archroma’s deep belief that it is possible to make the textile industry sustainable.

At Techtextil India, visitors will be able to discover 10 systems developed along the principles of The Archroma Way to help them create value in their textile applications and markets.

  • For Automotive & Transportation

Archroma will present two systems ideally suited to textile manufacturers serving the automotive & transportation market:

  1. Safe Seats, a halogen-free* flame retardant coating system for synthetic leather upholstery; and
  2. Light Fast Car, a system designed to keep fabric colors deep, vibrant and matched day after day.
  • For Outdoor & Activewear
  1. Color Vibe, a system for nylon sportswear to maintain color vibrancy, time after time, wash after wash;
  2. Fast Sport, a coloration system for polyester knitted sportswear, providing the best fastness in the shortest possible time with a reduced environmental footprint;
  3. Odor Control, a system for improved material longevity, freshness and wearing comfort due to the lasting dual-action technology of Sanitized® Odoractiv 10. Odor-causing bacteria cannot adhere to the textile surface and bad smells are trapped and neutralized; and permastink cannot build-up in your sportswear; and
  4. Wick Stop, an anti-wicking system to keep your feet drier in the wet, with maximum mesh sneaker durability.
  • For Workwear & Uniforms
  1. Power Cotton, a system for comfortable cotton fabrics with more than 5 times higher abrasion resistance;
  2. Smooth As Iron, a non-iron finishing system that keeps fabric smooth, soft and strong, especially on collars and cuffs;
  3. Odor Control, (see above); and
  4. Tough Camo, A non-infrared reflective pigment printing system for military wear, with high durability and dramatically reduced water consumption.
  • For Nonwovens
  1. Filter It Clean, a formaldehyde-free* and APEO-free bonding system that makes non-wovens strong and safe even when wet.

“We are continuously developing innovations and solution systems that help increase productivity and create value for textile manufacturers in India,” said Anjani Prasad, head of Sales, India, Archroma. “We do that with in mind the planet and its inhabitants, in line with the objectives of “The Archroma way’: Safe, efficient, enhanced. Because it’s our nature!”

* Below limits of detection according to industry standard test methods

Fadex®, Foron®, Appretan® are trademarks of Archroma registered in many countries.

© 2019 Archroma

Posted October 3, 2019

Source: Archroma

Rush & Company President Rick Rush To Celebrate 25th Year In Textile Recruiting Industry

CHARLESTON, S.C. — October 3, 2019 — Rick Rush, president and founder of Rush & Co., an executive recruiting firm, will celebrate his 25th year in the recruiting industry. Rush has been recruiting in the textile & apparel industry since 1994 and has been a member of the Pinnacle Society, the nation’s premier consortium of top recruiters in the direct placement industry, since 1999. His silver jubilee has stirred some thoughts on where the recruiting industry and Rush & Co. are heading during the next 25 years.

“In the last 25 years of my recruiting, I have never seen a bigger demand for talent nor do I see this demand slowing down” Rush said. He noted that many more companies are turning towards recruiting firms to fill top talent because they do not have the bench strength internally to fill the role. To combat the demand, Rick started Rush & Co. in 2003 to serve individuals up to the C-level in the apparel, nonwovens, and textile industries. Rush & Co. is dedicated to placing A-Players at top companies.

What’s the secret to retaining and placing A-Players? The timing of the hiring process plays a key role in candidate retention. When A-Players turn down an offer it’s usually because of the hiring process; often, the candidate will have other offers on the table by the time a company decides to hire them. Rush says, “When we are hired to help fill a role, we typically present candidates within 7 to 10 days of starting that search. However, if a company then takes 4 to 6 weeks for the interview and decision-making process, that candidate will have other offers or something in their current role will have changed and they will no longer be interested. Time kills all deals in this candidate-driven market.”

Rush & Co. picks up 40+ openings every month across the board. It covers every aspect of textiles and soft goods, and every discipline within the industry.

Posted October 3, 2019

Source: Rush & Co.

The National Retail Federation Forecasts Holiday Sales Will Grow Between 3.8 And 4.2 Percent

WASHINGTON — October 3, 2019 — The National Retail Federation today said it expects holiday retail sales during November and December to increase between 3.8 percent and 4.2 percent over 2018 to a total of between $727.9 billion and $730.7 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with an average holiday sales increase of 3.7 percent over the previous five years.

“The U.S. economy is continuing to grow and consumer spending is still the primary engine behind that growth,” said NRF President and CEO Matthew Shay. “Nonetheless, there has clearly been a slowdown brought on by considerable uncertainty around issues including trade, interest rates, global risk factors and political rhetoric.

Consumers are in good financial shape and retailers expect a strong holiday season. However, confidence could be eroded by continued deterioration of these and other variables.”

“There are probably very few precedents for this uncertain macroeconomic environment,” NRF Chief Economist Jack Kleinhenz said. “There are many moving parts and lots of distractions that make predictions difficult. There is significant economic unease, but current economic data and the recent momentum of the economy show that we can expect a much stronger holiday season than last year. Job growth and higher wages mean there’s more money in families’ pockets, so we see both the willingness and ability to spend this holiday season.”

NRF expects online and other non-store sales, which are included in the total, to increase between 11 percent and 14 percent to between $162.6 billion and $166.9 billion, up from $146.5 billion last year.

The effect of tariffs on holiday spending — either directly or through consumer confidence — remains to be seen. Some holiday merchandise — including apparel, footwear and televisions — is subject to new tariffs that took effect September 1, and other products will have the tariffs applied on December 15. Retailers are using a myriad of mitigation tactics to limit the impact on consumers, and the impact will ultimately vary by company and product. Small businesses, in particular, have already been forced to raise prices. Nonetheless, 79 percent of consumers surveyed for NRF in September were concerned that tariffs will cause prices to rise, potentially affecting their approach to shopping.

Holiday sales during 2018 totaled $701.2 billion, an unusually small increase of 2.1 percent over the year before amid a government shutdown, stock market volatility, tariffs and other issues. Additional information about holiday spending is available on the NRF Winter Holidays web page.

The NRF holiday forecast is based on an economic model that takes into consideration a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit and previous retail sales. Numbers forecast by NRF may differ from other organizations’ forecasts that define the holiday season as a longer time period or include retail sectors not counted by NRF such as restaurants.

NRF expects seasonal hiring to grow at least 530,000

Even with trade uncertainty and the increasingly tight labor market, retailers have been hiring extra staff to meet expected demand during the holiday season. NRF expects retailers to hire between 530,000 and 590,000 temporary workers, which compares with 554,000 in 2018.

Posted October 3, 2019

Source: The National Retail Federation (NRF)

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