Hyosung Launches Commercial Operation Of Spandex Plant In India

SEOUL, South Korea — November 28, 2019 — The first spandex plant of Hyosung in India recently launched its commercial operation.

Located in the AURIC Industrial Complex near Aurangabad, Maharashtra State, the new plant has annual production capacity of 18,000 tons of spandex, and it occupies a site area of approximately 400,000 square meters.

With a population of over 1.37 billion, the second largest in the world next to China, India is the 7th largest economic power in the world with GDP of approximately 2.72 trillion dollars. Building on the new plant as a cornerstone for augmenting presence in India, Hyosung aims to increase its market share from the current 60 to 70 percent, and continue to further expand the market in line with growing demand and growth prospect.

“Adopting aggressive marketing strategy in the huge consumption market of India with a population of over 1.3 billion, we will promote symbiotic growth with the local industry,” said Hyosung Chairman Cho Hyun-joon.

Having been successfully reelected in May this year, Prime Minister Narendra Modi of India is actively implementing the policy of fostering manufacturing industry, while encouraging direct investment of foreigners, with the goal of raising contribution rate of the manufacturing industry to the GDP to up to 25 percent by 2022 from the current 16 percent.

Since it initiated operation in India in 2007, Hyosung built a high voltage breaker plant in Pune, India in 2016, and is gaining over 300 million dollars in sales annually by expanding business in that country. The operation of the new spandex manufacturing facilities is expected to further increase its sales.

Now that it successfully launched operation of the first spandex plant in India, Hyosung considers Americas as the next site for another spandex plant.

Posted November 29, 2019

Source: Hyosung Corporation

Honduras Expects A Significant Increase In Private Investment By 2020

TEGUCIGALPA, Honduras — November 28, 2019 — The President of Honduras, Juan Orlando Hernández, announced that as of January 2020, the country will become the destination of new foreign investments as a result of various agreements reached with investors from different sectors.

The maquila sector is one of the industries that has already announced a considerable increase in the investment quota.

Recently, Honduras government and investors of the maquila industry signed an agreement that will place Honduras on equal terms with neighboring countries and that will generate around 15,000 new jobs by 2020.

The agreement includes reforms to the Law of Free Trade Zones, aimed at increasing competitiveness, generating jobs, and providing legal security in order to attract new investments, thus reaffirming the government´s commitment to boost the country´s economic development through the creation of jobs.

“This is definitely good news for all Hondurans, we are talking about a very attractive package that will generate a significant number of new jobs and boost the growth of the maquila industry in Honduras,” said President Hernandez.

Due to foreign investment, the Honduras Manufacturers Association (AHM) estimated that next year, the investment in this sector will be about 410 million dollars. In Honduras, the maquila industry mainly consists of companies in the textile, electronic and services.

The president of the AHM, Mario Canahuati, affirmed that this is a very important step in the path towards the industry consolidation that has been growing by leaps and bounds in recent years, and expressed his gratitude to President Hernández for the efforts to place Honduras on equal terms with neighboring countries (El Salvador, Guatemala and Nicaragua) since “this allows us to have a good reference to sell the country abroad.”

The maquila is a cornerstone of the economy of Honduras. It has become one of the main generators of jobs and exports, especially in the northern part of the country. Currently the maquila sector distributes around 360 million dollars to buy national goods and 162,000 million dollars in salaries.

Posted November 29, 2019

Source: President Juan Orlando Hernández

Oerlikon Presented World Premieres In China

REMSCHEID, Germany — November 26, 2019 — Oerlikon has invited all visitors to this year’s Shanghaitex in China on a journey into the future of manmade fiber production. From November 25-28, 2019, Oerlikon showed all its guests its vision of a sustainable and automated manmade fiber production at its 100 m² stand in Hall E1, D20: “Clean Technology. Smart Factory.” was the motto of the future. And this was only a stone’s throw away from reality at the stand. Because today Oerlikon was presenting the four ITMA Barcelona world premieres for efficient machine and plant concepts in a new, innovative industrial design. Together with numerous other innovations, all this forms the new DNA of the Oerlikon Manmade Fibers segment.

Launched to create new standards in texturing: the eAFK Evo generation of machines promises superior speeds, greater productivity and consistently high product quality, along with lower energy consumption and simpler operation vis-à-vis comparable market solutions. Oerlikon Barmag showed these wide-ranging capabilities at the trade fair with a high-end design from the new system platform. In particular, the numerous value-added features include two that are excelling with cool technology: the optimized EvoHeater and the EvoCooler, a completely newly-developed active cooling unit.

WINGS FDY is now also newly available for the polyamide 6 process. With this development, the tried-and-tested WINGS technology — to date well-known for FDY yarns from polyester manufacturing — is now also available for the challenging polyamide 6 process. This new 24-end winding concept makes the efficient production of FDY PA6 yarns a reality.

Extending the polyamide yarn production from 12 to 24 ends with DIO and WINGS FDY pays yarn producers dividends, particularly in terms of investment expenditure (CAPEX) and operating expenditure (OPEX): significant savings with regards to energy, footprint and — due to the more ergonomic design — a rather convenient string-up are among the WINGS FDY PA concept’s most convincing arguments. The enclosed draw unit ensures low spin finish emissions, offering a safe working environment.

Offering swift string-up, the optimized yarn path of the tried-and tested WINGS FDY PET system is united with the high relaxing performance of conventional polyamide systems to create a completely new concept. The 24-end WINGS FDY PA hence profitably combines the benefits of both processes. The result: outstanding yarn properties, excellent dyeability, optimum process performance and high full package rate. A perfect package build guarantees excellent further processing properties in the downstream processes. With a 116-mm stroke, this winder makes high package weights possible, therefore delivering added-value yarns for further processing. As a consequence, yarn manufacturers can give themselves a competitive advantage in the marketplace

The BCF S8 production plant promises carpet yarn manufacturers greater punching power within a fiercely contended market. Superlative spinning speeds, up to 700 filaments per yarn end, finer titers down to 2.5 dpf — the performance data and technological finesse of the new system already made an impression at its unveiling at the German DOMOTEX trade fair in January. At Shanghaitex 2019 the monocolor and the tricolor version of the BCF S8 was unveiled.

Polyester and its applications are omnipresent in our everyday lives. Whether as beverage bottles, film packaging, high-tech sports shirts or safety belts, polyester excels with its excellent mechanical properties and inexpensive production. However, the constantly rising demand requires responsible handling of global resources. For this reason, it is not only ‘virgin polyester’ generated from crude oil that is exclusively the raw material for manufacturing, so too is polyester recycled from post-production and postconsumer waste. Processing production waste also helps cut raw material, disposal and transport costs, hence increasing efficiency.

With the new VacuFil® recycling series, Oerlikon Barmag in cooperation with its subsidiary company BBEngineering is offering a solution catering to a “clean technology” production philosophy. Decades of experience in the areas of extrusion, filtration and spinning systems have been bundled into a new, innovative core component — the vacuum filter. It unites gentle large scale filtration and controlled intrinsic-viscosity build-up for consistently outstanding melt quality. The vacuum unit – located adjacent to the filter — swiftly and reliably removes volatile contamination (spinning oil, etc.). The excellent degasification performance additionally relieves the energy-intensive pre-drying process.

The modular structure of the VacuFil range offers numerous possibilities for the process guiding system. Whether as a standalone solution with downstream granulation or as an inline variant with 3DD additive feed — customer requirements can be optimally catered for with various system configurations.

Posted November 26, 2019

Source: Oerlikon

Pharr Announces Plans To Sell High Performance Yarn And Flooring Divisions

MCADENVILLE, N.C. — November 26, 2019 — Pharr, a diversified provider of differentiated textile products and assorted real estate businesses, has reached agreements with Coats Group plc to purchase Pharr High Performance, yarn supplier for the protective apparel industry; and Mannington Mills (Mannington) to purchase Pharr Fibers & Yarns and Phenix Flooring, suppliers of yarns, residential carpet and specialty flooring products.

The acquisitions are expected to close in early 2020.

“Throughout its 80-year history, Pharr’s spirt of innovation and willingness to adapt to change have allowed the company to evolve and succeed,” said Bill Carstarphen, Pharr president and CEO. “These transactions reflect the next step in that evolution and will deliver great benefit to our customers, associates and communities. We know each of these groups will benefit tremendously from both Coats and Mannington and expect these transactions will result in a broad range of future opportunities and growth for our associates.”

Founded in 1939, Pharr is a closely held, privately-owned company based in McAdenville and comprised of five companies with total employment of 1,200.

Pharr High Performance manufactures yarns primarily for the protective apparel industry in North America and globally, providing technical yarn solutions to the Military, Fire Service and Industrial Thermal Protection industries. Pharr Fibers & Yarns manufacturers fibers and yarns for the carpet industry in North America and globally. Phenix Flooring manufactures and sells residential carpet to large retailers and specialty flooring retailers in the U.S., and also sells luxury vinyl tile and commercial carpet tiles and broadloom.

“As a result of these transactions, each of these Pharr businesses will become part of much larger operations with greater capacity, resources and reach.” Carstarphen said. “We sought leaders in their industries with proven track records, and who understood and respected what we had built. Coats and Mannington emerged as ideal partners in all regards.”

Carstarphen said both companies plan to retain Pharr’s workforce and continue operations at its manufacturing facilities in McAdenville, N.C., and Dalton, Ga. With the addition of Pharr High Performance, Coats will have six North Carolina manufacturing sites located in McAdenville, Kings Mountain, Marion and Hendersonville as well as its corporate office in Charlotte.

The acquisitions of Pharr Fibers & Yarns and Phenix Flooring will help establish Mannington as one of the largest suppliers in the floor covering industry, participating in both residential and commercial hard and soft surface categories.

The acquisitions will not affect Pharr’s two remaining divisions: Belmont Land & Investment Company, developer of residential and commercial real estate and hotels; and Strand Hospitality Services, which manages a portfolio of hotel properties throughout the Southeast.

“Pharr will continue growing and diversifying our real estate holdings while exploring new companies to invest in and operate,” Carstarphen said. “And our company will maintain a strong presence in Gaston County, investing back into the community as we always have.”

Posted November 26, 2019

Source: Pharr

Italian Textile Machinery Will Be Present At IRANTEX 2019

MILAN — November 26, 2019 — As part of the promotional activities set for 2019, Italian Trade Agency and ACIMIT, the Association of Italian textile machinery manufacturers, will organize Punto Italia, a service center at the next IRANTEX, the main Iranian textile and textile machinery trade show, to be held in Tehran, December 9-12, 2019.

Punto Italia, located in Pavilion nr. 38, will be used for meetings between Italian textile machinery builders and their Iranian customers. Moreover in the service center local companies will be able to get for information on the Italian technological offer.

“Despite the difficulties that still exist for doing business in the Iranian market due to the well-known reasons, explained Alessandro Zucchi, president of ACIMIT, it is important to keep in touch with a market of significant importance for our manufacturers”. Embargo to Iran has in fact reset Italian exports towards the Country, which until a decade ago was among the main foreign market of Italian builders. In the first half of 2019 the value of the Italian direct export to Iran was equal to 2 million euros compared to 15 million euros in the same period 2018.

“Unfortunately what is happening in Iran testifies how geopolitical tensions can influence heavily the business of a sector,” concluded Zucchi. “Only two years ago, following the signing of the Iranian nuclear deal, named JCPOA (the Joint Comprehensive Plan of Action), Italian exports came to a value of around 45 million euros. Punto Italia at Irantex is the signal that our entrepreneurs believe in the ending of the embargo and in the resumption of normal commercial relations with the Iranian counterpart “.

Posted November 26, 2019

Source: ACIMIT

Coats Acquires Pharr HP

UXBRIDGE, England — November 26, 2019 — Coats has signed a binding agreement to acquire the business and assets of Pharr HP, a manufacturer of high-performance engineered yarns based in McAdenville, N.C.

Pharr HP specializes in providing technical yarn solutions to the growing markets of Industrial Thermal Protection, Defense and Fire Service industries. The acquisition of Pharr HP’s manufacturing capabilities and customer base provides further expertise and scale to Coats’ existing Personal Protection business — part of the Performance Materials segment. Coats will enhance Pharr HP’s performance by leveraging its extensive textile experience, strong industry connections, existing operational footprint in North America, and strong brand to deliver high performance solutions for its customers.

Rajiv Sharma, Coats’ group chief executive, said: “Pharr HP expands our existing manufacturing capabilities and widens our innovation offering to drive further penetration into the Personal Protection market. With Pharr HP we are acquiring deep expertise in technical yarn solutions helping us to create ever lighter, stronger and more comfortable yarns for the most extreme environments, protecting many of those who protect us. We will draw upon our strong track record of successfully integrating and growing bolt-on acquisitions, including Gotex and Patrick Yarn Mill which form an integral part of our Performance Materials business.”

Bill Carstarphen, CEO and president, Pharr, said: “It was very important to find the right buyer for our business. Coats is a global leader with a long, proven track record. It understands Pharr HP along with its commitment to its associates and communities so is a good fit which provides an excellent home. There will be great potential to collaborate by building on synergies to develop innovative products.”

Founded in 1939, Pharr HP has around 350 employees. In its latest financial year, annual sales were approximately $110 million. The acquisition is subject to certain regulatory approvals and is expected to complete in early 2020.

Posted November 26, 2019

Source: Coats

Simon Lancaster, Former Advanced Materials Lead At Apple, Joins Arris Composites To Unlock Future Of Consumer Products

BERKELEY, Calif. — November 22, 2019 — Arris Composites, the pioneering manufacturer of next-gen composites for mass market products, today announced the strategic hire of Simon Lancaster as head of Consumer Products. Lancaster will lead the team developing the next generation of consumer products for leading brands that will be manufactured with Arris Composites’ patent-pending Additive Molding™ Systems.

Prior to joining Arris, Lancaster spent the past 11 years at Apple, culminating in his role as Advanced Materials Lead and Product Design Architect. There he was responsible for spearheading materials and prototyping innovations to enable future generations of products. Lancaster was instrumental in the development of the 13″/15″ Macbook Pro with the touch bar, and the design of unreleased Apple products. He is a named inventor of over 40 patents, including several on the use of advanced composites for consumer electronics applications.

“I’m excited to join Arris because they have achieved the elusive capability of producing composites that meet the high-volume, high-performance needs of flagship products at some of the world’s leading companies,” said Lancaster. “As the Head of Consumer Products, I look forward to working with these leaders to make products that are smaller, stronger, stiffer, lighter – and that’s just the beginning of the conversation.”

Arris’ patent-pending Additive Molding technology combines 3D printing, industrial automation and aerospace-grade continuous fiber composites to unlock high-performance materials at scale. The Arris team is comprised of industry leaders from 3D printing, composites and conventional high-volume manufacturing, including engineers and material scientists who worked for iconic companies including Tesla, Apple, Audi, Toray, Autodesk and Siemens.

“Simon is an amazing fit for Arris due to a rare and valuable skill: he can identify what’s next in manufacturing and materials and apply those insights to stunning product designs. Simon has a combination of incredible technical depth, a bird’s-eye view of product development and the creativity to make the important connections,” said Ethan Escowitz, founder and CEO of Arris Composites. “His vision and deep expertise building the world’s most recognizable products make him the perfect person to steer our efforts and collaborate with our customers to bring high-performance composites to market.”

Posted November 22, 2019

Source: Arris Composites

Champion® Athleticwear Launches Bold New Collaboration With Coca-Cola®

WINSTON-SALEM, N.C. — November 22, 2019 — Today, Champion Athleticwear, makers of authentic athletic apparel since 1919, launched a limited-edition capsule collection, Champion X Coca-Cola, in collaboration with Coca-Cola. The brands have come together to create a unique design story expressed through bold, colorful and unexpected logo placements inspired by archived artwork. The high-energy collection, which spans men’s and women’s apparel as well as accessories including hats, socks, slides and bags, is currently available at Champion’s six retail stores in major cities across the country and at Champs Sports and Foot Locker stores in the U.S. and Canada as well as Eastbay.com, Champion.com and Footaction stores nationwide.

Known for being fresh tastemakers in their respective industries, the collaboration is a natural alignment for both Champion and Coca-Cola as they continue to promote self-expression within the fabric of popular culture. The capsule collection celebrates the unmistakable logos of both brands with reimagined vibrant color schemes and designs inspired by American heritage as well as the classic Coca-Cola bottle for a modern flare that resonates with today’s consumers.

“We are excited to partner with a world-beloved brand like Coca-Cola on this collection that resonates across cultures and personalities,” said David Robertson, director Champion Brand Marketing. “Consumers have grown up drinking Coca-Cola and wearing Champion, leading us to create designs that inspire nostalgia while being on the cutting edge of style. Coca-Cola is the latest brand partnership in Champion’s growing portfolio of collaborations that have pushed design boundaries while never wavering from our core commitment to top quality, highly functional products.”

Motivated by the richness of Coca-Cola’s 1980’s era brandmarks and the decade’s primary, colorful trends, the Champion design team created a disruptive collection that is completely unique from all other Coca-Cola collaborations to-date. Staple silhouettes such as Reverse Weave® feature elevated finishes, including high gloss glass bottle artwork, intricate embroidery and classic chenille touches for dimensionality. The collection strikes the perfect balance of on-trend visual expression paired with bold design. The classic, clean apparel art harking back to the 80’s vibe adds an authentic feel to styles including joggers, crop sweatshirts, tees, hoodies and dresses that incorporate color blocking and unexpected logo placement for a truly blended look. Styles range in colors from the classic Coca-Cola red and white to pops of yellow, green, fuchsia and blue.

“Collaborating with our friends at Champion was an obvious choice,” said Becky Anderson, Senior Licensing Manager for The Coca-Cola Company. “This collection brings to life some of the things people love about both of our brands – vibrant color, self-expression and fun.”

Posted November 22, 2019

Source: Champion Athleticwear

NIKE Inc. Invests In Handsfree Labs Inc. — Strategic Investment Strengthens Nike’s Leadership In Footwear Innovation

BEAVERTON, Ore. — November 20, 2019 — NIKE Inc. today announced a strategic investment in and exclusive intellectual property licensing partnership with Handsfree Labs Inc., a pioneer in hands-free footwear technology. The technology enables consumers to step in and out of shoes more easily without lacing or the use of hands.

“Our partnership with Handsfree builds on Nike’s leadership in using innovative technology to meet consumer needs,” said Tom Clarke, Nike president of innovation. “Our Nike FlyEase platform is aimed at providing greater access to sport for all athletes, and we believe Handsfree’s ‘easy on and off’ technology has the potential to broaden and enhance this effort by removing barriers to play and making sport easier for more people.”

“Handsfree Labs is passionate about bringing the comfort and convenience of hands-free shoes to everyone, and our partnership with Nike accelerates this vision,” said Mike Pratt, founder and CEO of Handsfree Labs. “With Nike, we are reinventing the way people put on shoes, and we are proud to introduce the world to this significant footwear advancement.”

Posted November 22, 2019

Source: NIKE, Inc.

Pegasus Home Fashions Establishing Operations In Bamberg County, S.C.

COLUMBIA, S.C. — November 12, 2019 — Pegasus Home Fashions, a manufacturer and provider of bedding and home products, today announced plans to establish operations in Bamberg County. The $1.1 million investment is projected to create 113 new jobs.

Family-owned and-operated, Pegasus Home Fashions uses the latest materials and techniques to produce and distribute bed pillows, memory foam, bedspreads, blankets, sheet sets, pet beds and more.

Located at 1349 Locust Avenue in Denmark, S.C., Pegasus Home Fashions’ Bamberg County facility is the company’s first manufacturing and distribution operations in the Southeast.

Operations are already online. Individuals interested in joining the Pegasus Home Fashions team should visit the facility to apply in person.

“We are very excited to expand our business to Denmark and bring jobs to the Bamberg area, where we look forward to hiring more than a hundred people,” said Pegasus Home Fashions Owner Carmine Spinella. “We appreciate the support we have received from the SC Department of Commerce, SouthernCarolina Alliance and the local community, which have all created a pro-business environment.”

“When a company decides to move here, it confirms that Team South Carolina’s approach to attracting businesses and building a world-class workforce is working,” said Governor Henry McMaster. “We’re excited to welcome Pegasus Home Fashions to the South Carolina family and to celebrate the 113 new jobs this investment will bring to Bamberg County.”

“Companies come to our state and invest in our people because of all South Carolina has to offer, and we’re excited to see what the future holds for Pegasus Home Fashions in Bamberg County,” said Secretary of Commerce Bobby Hitt.

“Pegasus Home Fashions will bring investment and jobs to Bamberg County, and we are delighted that we have the workforce that can support manufacturing operations as diverse as this textile operation, aerospace, advanced composites and agribusiness,” said Bamberg County Councilman Evert Comer. “It’s a great day for Bamberg County to welcome this fine company.”

“Denmark welcomes this new industry, and we look forward to creating the best business environment for their manufacturing,” said City of Denmark Mayor Gerald Wright. “The people of our town thank Mr. Spinella and Pegasus for the 113 new jobs and economic stimulation in our community.”

“SouthernCarolina Alliance and Bamberg County salute Carmine Spinella and his team on choosing their new location, where manufacturing is appreciated and thrives,” said SouthernCarolina Alliance President and CEO Danny Black. “Pegasus Home Fashions will be an asset to our regional industrial community, and we look forward to working with them for years to come.”

Posted November 22, 2019

Source: South Carolina Office of the Governor

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