Eriez® Becomes Majority Shareholder Of FaultCurrent Ltd.

ERIE, Pa.— June 10, 2019 — Eriez® President and CEO Tim Shuttleworth announced that the company is now the majority shareholder of FaultCurrent Ltd. Based in the United Kingdom, FaultCurrent developed a unique passive magnetic fault current limiter called the pmFCL. Its innovative design uses permanent magnets at its core to provide a reliable, robust and energy efficient solution for electrical power grid reinforcement.

Shuttleworth says, “Making this investment in FaultCurrent Ltd. was a natural choice for Eriez as we are constantly developing and investing in breakthrough products that keep us on the cutting edge.”

The pmFCL protects utility electrical distribution networks from unanticipated power surges and new demands placed on aging and already overburdened electrical infrastructures from the connection of distributed energy sources. The patented technology behind this next generation fault current limiter has been achieved through a combination of magnetic engineering insights, including using ferrite permanent magnets to saturate a network of inductors.

The pmFCL provides additional fault current headroom, presenting a low impedance during normal “in service” current flows until an abnormal fault current instantaneously forces the device into a higher impedance state, and in doing so, allows time for the power system’s existing infrastructure to react to isolate the fault safely. Post fault, the pmFCL instantly recovers, ready to protect the network again.

Unlike other fault current limiters, pmFCL’s breakthrough design is truly “fit and forget” technology. This self-contained three phase unit is delivered to the site as a complete unit that is ready to go once placed on a concrete pad. The pmFCL requires no maintenance beyond simple inspection.

FaultCurrent  was incorporated in July 2012 to develop a new generation of fault current limiters based on pioneering research and development work carried out by Dr. Jeremy Hall at the Wolfson Centre for Magnetics at Cardiff University. Early stage funding was provided by Fusion IP, now incorporated into the IP Group. Eriez-Europe Chairman Andy Lewis says, “The project attracted attention — and subsequently grants — from the Business, Energy & Industrial Strategy (BEIS) department of the UK government.”

Lewis explained: “Eriez Investments Ltd. has a majority shareholding position, having cumulatively invested a seven-figure sum in the past two years, with the IP Group and FaultCurrent Ltd. company directors and former directors holding the remaining shares.”

FaultCurrent’s board of directors is comprised of Andy Lewis, Martin Ansell, Dr. Jeremy Hall and Andy Cheer.

Posted June 10, 2019

Source: Eriez®

PVH Corp. Names Cheryl Abel-Hodges CEO Of Calvin Klein Inc.

NEW YORK CITY — June 10, 2019 — PVH Corp. — owner of iconic brands, including CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, Speedo, and IZOD — announced today that Cheryl Abel-Hodges is the new CEO of Calvin Klein.

Abel-Hodges previously had served as group president, Calvin Klein North America and The Underwear Group. In her new role, she reports to Stefan Larsson, PVH President.

Steve Shiffman, formerly CEO, is leaving the company to pursue other interests.

“I have great confidence that Cheryl is the right person to lead the CALVIN KLEIN brand. Her strong management abilities, together with her consistent track record for operational excellence, will provide strong direction for the Calvin Klein team,” said Emanuel Chirico, chairman and CEO, PVH Corp. “I believe this leadership change, coupled with our incredible management teams around the world, will allow us to capture the brand’s long-term growth potential.”

Chirico added, “I want to thank Steve for his many contributions to PVH, which included leading our Calvin Klein and Heritage Brands retail businesses, as well as playing a key role in growing the CALVIN KLEIN brand as CEO.”

Since joining PVH in 2006, Abel-Hodges has held various leadership positions across the organization. As Group President Calvin Klein North America, she helped set the strategic direction for the CALVIN KLEIN brand, driving a consumer-centric approach. Within The Underwear Group, Abel-Hodges led the development of PVH’s innovative underwear platform, overseeing design, merchandising, product development and planning for all of PVH’s underwear and women’s intimates businesses.

*The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International Ltd.

Posted June 10, 2019

Source: PVH Corp.

Fuigo Market Welcomes Kravet Inc.

NEW YORK CITY — June 10, 2019 — Fuigo, the award-winning developer of end-to-end technology solutions for professional interior design, announces a partnership with Kravet Inc. Established in 1918, and now a fifth-generation family business, Kravet is a leader in the trade home furnishings industry, distributing fabrics, furniture, wall coverings, trimmings, carpets and decorative accessories.

Kravet joins Fuigo as a vendor in Market, a first-of-its-kind digital platform that is custom-built for design professionals to discover, source and order from the world’s finest luxury trade brands. In one place, designers can purchase materials and organize client proposals, analytics and invoicing, streamlining their workflow and leaving time for business development and creative ideation.

Offering a range of styles from contemporary to traditional across all product categories, Kravet has one of the largest sourcing lists in the industry. Now just past its 100th anniversary, the heritage company owns Lee Jofa, Brunschwig & Fils, and GP & J Baker and distributes a series of other high-end luxury brands across the globe.

Kravet’s commitment to the interior design industry and showcasing a wide range of the best and the brightest designers aligns with Fuigo’s vision for Market as the one-stop-shop for the savviest industry professionals working today. All of Kravet’s collections will be included in Market, making Fuigo the first trade-focused business management platform to hold Lee Jofa and Brunschwig & Fils.

“This is an exciting partnership for us,” says Fuigo co-founder Maury Riad. “With a 100-year history of excellence, Kravet Inc. is a sterling addition to Market and its breadth and power as a one-of-a-kind sourcing tool for the trade.”

With the inclusion of Kravet in Market, buyers will have access to an incredible diversity of categories and price points, launching both Kravet and Fuigo into a design future that does not sacrifice quality and care to the hands of technological advancement and greater accessibility. Both brands are working hard for today’s designers.

Fuigo was founded in 2015 by Maury and Mickey Riad, owners of the heritage textile company Fortuny. Fuigo’s mission is to build real and virtual platforms that promote and future-proof exceptional interior design. Fuigo’s award-winning 18,000 square-foot Park Avenue studio includes beautiful workspaces and New York’s largest material lending library with samples from over 1,000 of the top A&D vendors. Fuigo is a leading technology company providing end-to-end business software that allows interior designers to achieve both creative and business excellence.

Posted June 10, 2019

Source: Fuigo

ITMA 2019 Exhibitor Preview: SPGPrints

BOXMEER, Netherlands — June 10, 2019 — In the field of textile printing, innovation is key to maximize potential and stay ahead of the competition. That’s why at SPGPrints, we never stop optimizing our technologies. At ITMA Barcelona 2019, therefore, we are more than proud to launch our new and improved JAVELIN2 digital textile printer and Archer+ technology. Come see for yourself the astonishing output they can help you deliver.

The JAVELIN2 is ready for the future

Our well-known Javelin digital textile printer has been upgraded to help you receive as much value as possible from digital textile printing. With improved ease of use, an optimized print head cleaning cycle and enhanced ink supply, the Javelin digital textile printer did not only become more robust, but it also enables faster printing cycles while reducing maintenance costs. Together with the improved Archer+ technology, the Javelin will help you outperform your competition in no time.

Set new benchmarks for resolution and production capacity with Archer+

To provide both new users as well as existing users with the capability to upgrade their digital printing output, we’ve optimized our Archer print head software. The new Archer+ technology pack enables our users to reach new, unrivalled levels of printing resolution and print even the most complex, detailed designs at astonishing quality levels while improving overall print uniformity even at a lower number of passes. Using automated calibration the Javelin2 capable to print the most challenging designs with lesser passes than ever before. Therefore, the Archer+ technology pack will enable you to increase your capacity and print all designs at a much higher printing speed than ever before. This results in more printed meters per year and thus reducing your cost per linear meter.

Witness the high-quality output of JAVELIN2 and Archer+ for yourself at ITMA 2019

Curious what the new and improved Javelin and Archer+ technology can do to help your company exceed expectations and outperform the competition? At ITMA Barcelona 2019, live demonstrations of the new Javelin2 will be given regularly, so you can see for yourself the astonishing output both technologies can help you deliver. See you in Barcelona!

Posted June 10, 2019

Source: SPGPrints

Monforts Is Expanding The Team At Its Advanced Technology Center (ATC) With The Appointment Of Jonas Beisel As A New Textile Technologist

MONCHENGLADBACH, Germany — June 10, 2019 — Monforts Textilmaschinen GmbH & Co. KG is expanding the team at its Advanced Technology Center (ATC) in Mönchengladbach, Germany, with the appointment of Jonas Beisel as a new textile technologist.

Having studied textile engineering in both Germany and China and taken an internship with Adidas before deciding he wanted to work in a more technical environment, 30-year-old Jonas will be transferring his theoretical knowledge into practice for customers at the ATC and at the plants of Monforts customers around the world.

“I’m really looking forward to meeting everyone at the forthcoming ITMA show in Barcelona as I familiarize myself with the fast-moving environment of the industry,” he said. “It’s good timing for me that ITMA, which only takes place every four years, is happening now, so soon after my appointment.”

“The Monforts ATC has been extremely busy conducting customer trials and developing new processes recently, so it’s great to welcome Jonas to the technologists’ team,” added Monforts Vice President Klaus Heinrichs.

Posted June 10, 2019

Source: Monforts Textilmaschinen GmbH & Co. KG

Flooring Manufacturers To Exhibit At FloorTek Expo 2019

DALTON, Ga. — June 10, 2019 — In 1979, when the industry leaders created AFA, as the Carpet Manufacturing Marketing Association (CMMA), our sole purpose was to organize carpet markets and support the carpet industry. Over time, with the shifting nature of our industry, the focus of FloorTek also changed and became more oriented on the technology and machinery aspects of the floor covering industry. In honor of AFA’s 40th anniversary, we are returning to our roots and extending invitations to flooring manufacturers to exhibit at the FloorTek Expo.

This year’s Expo will be held September 10-12, 2019 at the Dalton Convention Center. AFA is proud to announce that Engineered Floors has already accepted the invitation to exhibit at the inaugural reintroduction of manufacturers to the FloorTek Expo. Engineered Floors is on the cutting edge of innovation & design in the flooring industry and we are excited to have them as an exhibitor. FloorTek aspires to be a hub of innovative thinking and idea sharing in the industry and seeks the participation of all of the industry leading companies at our show.

Stephanie Manis, AFA’s executive director stated: “Our current FloorTek motto is ‘innovation, technology, machinery,’ and we believe that the reintroduction of the floor covering manufacturers at FloorTek will move us in a positive direction to fulfill our commitment to our motto and serve the entire floor covering industry. With the combination of floor covering manufacturers and suppliers exhibiting at the FloorTek Expo 2019, we are expecting a larger attendance than in the past. The upcoming event format will offer an ideal opportunity for flooring industry professionals at every level from around the world to share information and explore every avenue for growing the flooring marketplace”.

Dalton is where decisions are made; Dalton is where technology is making consumer products a better value; Dalton is where flooring begins.

Posted June 10, 2019

Source: American Floorcovering Alliance Inc.

Delta Galil To Acquire Intimate Apparel Leader The Bogart Group

TEL AVIV, Israel — June 10, 2019 — Delta Galil Industries Ltd. — the global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear, activewear and denim — today announced that it has signed an agreement to acquire intimate apparel leader, The Bogart Group.

Headquartered in Hong Kong, Bogart is a vertically integrated global leader in the design, development and manufacturing of fashion bras, and one of the top leading names in intimate apparel, sports and swimwear. The company is a preferred strategic partner for some worldwide leading brands such as Victoria’s Secret, PVH, Jockey, Adore Me, Vanity Fair, Hanes, among others. In addition to The Bogart Group, Delta Galil will acquire the company’s subsidiaries Brunet, a leading lace manufacturer; and B&B, a leading padding manufacturer.

With $230 million in consolidated sales in 2018 for The Bogart Group, Delta Galil expects the deal to show a profit in the second half of 2019 and to be accretive to earnings in 2020. The acquisition is expected to close in the beginning of Q3.

“We’re very pleased to be adding The Bogart Group to our strong portfolio of intimate apparel, as expanding our footprint in the bra category has been a long-term goal for Delta Galil,” said Isaac Dabah, CEO of Delta Galil. “This is a unique strategic opportunity, where I see great potential for Delta to leverage Bogart’s strong market position to further build its company, while also helping Delta’s business units expand to the next phase of growth.”

Posted June 10, 2019

Source: Delta Galil Industries

U.S.-Mexico Joint Declaration

WASHINGTON — June 7, 2019 — The United States and Mexico met this week to address the shared challenges of irregular migration, to include the entry of migrants into the United States in violation of U.S. law. Given the dramatic increase in migrants moving from Central America through Mexico to the United States, both countries recognize the vital importance of rapidly resolving the humanitarian emergency and security situation. The Governments of the United States and Mexico will work together to immediately implement a durable solution.

As a result of these discussions, the United States and Mexico commit to:

Mexican Enforcement Surge

Mexico will take unprecedented steps to increase enforcement to curb irregular migration, to include the deployment of its National Guard throughout Mexico, giving priority to its southern border. Mexico is also taking decisive action to dismantle human smuggling and trafficking organizations as well as their illicit financial and transportation networks. Additionally, the United States and Mexico commit to strengthen bilateral cooperation, including information sharing and coordinated actions to better protect and secure our common border.

Migrant Protection Protocols

The United States will immediately expand the implementation of the existing Migrant Protection Protocols across its entire Southern Border. This means that those crossing the U.S. Southern Border to seek asylum will be rapidly returned to Mexico where they may await the adjudication of their asylum claims.

In response, Mexico will authorize the entrance of all of those individuals for humanitarian reasons, in compliance with its international obligations, while they await the adjudication of their asylum claims. Mexico will also offer jobs, healthcare and education according to its principles.

The United States commits to work to accelerate the adjudication of asylum claims and to conclude removal proceedings as expeditiously as possible.

Further Actions

Both parties also agree that, in the event the measures adopted do not have the expected results, they will take further actions. Therefore, the United States and Mexico will continue their discussions on the terms of additional understandings to address irregular migrant flows and asylum issues, to be completed and announced within 90 days, if necessary.

Ongoing Regional Strategy

The United States and Mexico reiterate their previous statement of December 18, 2018, that both countries recognize the strong links between promoting development and economic growth in southern Mexico and the success of promoting prosperity, good governance and security in Central America. The United States and Mexico welcome the Comprehensive Development Plan launched by the Government of Mexico in concert with the Governments of El Salvador, Guatemala and Honduras to promote these goals. The United States and Mexico will lead in working with regional and international partners to build a more prosperous and secure Central America to address the underlying causes of migration, so that citizens of the region can build better lives for themselves and their families at home.

Posted June 8, 2019

Source: U.S. Department of State – Office of the Spokesperson

Up To Date Laundry Of Baltimore Continues Environmental Commitment With Clean Green Recertification

ALEXANDRIA, Va. — June 7, 2019 — Healthcare launderer Up To Date Laundry of Baltimore has been recertified Clean Green, reflecting the company’s continued dedication to operational efficiency and sustainability. Companies that have earned this certification adhere to TRSA-designated water and energy use thresholds and deploy best management practices (BMPs) consistent with the ASTM International environmental laundering standard.

Up To Date Laundry’s customers can be assured their linens, scrubs, cubicle curtains, mats and other products are washed, dried and finished with processes that maximize sustainability and reduce greenhouse emissions. Clean Green certified operations demonstrate significant commitment to conservation and green operations through these BMPs:

  • Recovering heat from drained hot water and heat dispersed from the process of warming water;
  • Recapturing drained water from rinses for reuse;
  • Using environmentally friendly detergents;
  • Removing solids and liquids from wastewater;
  • Solar energy and energy-efficient lighting;
  • Recycling programs;
  • Re-routing trucks to save vehicle fuel; and
  • Spill prevention plans.

The Clean Green certification is valid for three years at a time. TRSA inspects laundry facilities seeking certification and approves documentation of their water and energy use and BMP deployment through production reports they submit to auditors during the inspections. TRSA’s certification management protocol includes auditor training by the association’s inspection program administrator.

Clean Green aligns with the ASTM International standard, Guide for Sustainable Laundry Practices, which recognizes key criteria for the certification as universal indicators of maximum sustainability in commercial laundry work. ASTM’s review of TRSA BMPs verified these as the most effective and practical techniques for a laundry to achieve green objectives.

TRSA members prompted development of the standard, which was vetted in the sustainability subcommittee of the ASTM Committee on Textiles. Top technical experts, scientists and environmental professionals from outside the linen, uniform and facility services industry reviewed the BMPs. ASTM is the global leader in developing and delivering voluntary consensus standards unparalleled in building consumer confidence in product and service quality.

“I applaud Up To Date Laundry for their sustainability efforts and maintaining the highest standards in their production and delivery operations,” said Joseph Ricci, TRSA president and CEO. “Meeting all the criteria for certification is not easy, but Superior Linen is committed to industry-leading processes and technologies.”

Up To Date Laundry also holds the Hygienically Clean Healthcare certification, proving its commitment to customers that their laundries are dedicated to standards for best management practices (BMPs) in laundering as verified by on-site inspection and its capability to produce hygienically clean textiles as quantified by ongoing microbial testing. Hygienically Clean Healthcare certification confirms its continuing dedication to infection prevention, compliance with recognized industry standards and processing healthcare textiles using BMPs as described in its quality assurance documentation, a focal point for Hygienically Clean inspectors’ evaluation.

Posted June 7, 2019

Source: TRSA

Retailers Continue To Stock Up Inventory To Get Ahead Of More Tariffs 

WASHINGTON — June 7, 2019 — Imports at the nation’s major retail container ports are expected to continue to grow this summer as retailers stock up inventory to get ahead of higher tariffs, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With a major tariff increase already announced and the possibility that tariffs could be imposed on nearly all goods and inputs from China, retailers are continuing to stock up while they can to protect their customers as much as possible against the price increases that will follow,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Tariffs are taxes paid by American businesses and consumers, not foreign governments. Retailers will continue to do everything they possibly can to mitigate the impact of tariffs on consumers, but if we see further escalation in the trade war, it will be much more difficult to avoid higher price tags on a wide range of products. It’s time to stop using American families as pawns in negotiations for better trade deals.”

The Trump administration increased 10 percent tariffs on $200 billion worth of Chinese goods to 25 percent in May, with the increase applying to imports that arrive in the United States after June 15. The administration has also proposed to implement new 25 percent tariffs on $300 billion worth of Chinese goods and recently removed India and Turkey from the Generalized System of Preferences program, which allows certain items to be imported duty-free. In addition, the administration announced a 5 percent escalating tariff on all imports from Mexico, but those goods travel by truck or train and do no effect cargo numbers at U.S. seaports.

“One must wonder who the Trump administration is trying to punish with its growing enthusiasm for tariffs,” Hackett Associates Founder Ben Hackett said. “The tariffs are offsetting much of the savings from tax cuts, and if this continues there could be tough months ahead.”

U.S. ports covered by Global Port Tracker handled 1.75 million Twenty-Foot Equivalent Units in April, the latest month for which after-the-fact numbers are available. That was up 8.4 percent from March and up 6.9 percent year-over-year. A TEU is one 20-foot-long cargo container or its equivalent.

May was estimated at 1.88 million TEU, up 3 percent year-over-year. June is forecast at 1.86 million TEU, up 0.3 percent; July at 1.93 million TEU, up 1.1 percent; August at 1.95 million TEU, up 3.3 percent; September at 1.89 million, up 0.9 percent, and October at 1.95 million TEU, down 4.4 percent. The August and October numbers would be the highest monthly totals since the 2 million TEU record set last October as retailers rushed to bring merchandise into the country ahead of expected tariff increases.

Imports during 2018 set a record of 21.8 million TEU, an increase of 6.2 percent over 2017’s previous record of 20.5 million TEU. The first half of 2019 is expected to total 10.6 million TEU, up 3 percent over the first half of 2018.

Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Port of Virginia, Charleston, Savannah, Port Everglades, Miami and Jacksonville on the East Coast, and Houston on the Gulf Coast.

Posted June 7, 2019

Source: The National Retail Federation (NRF)

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