Unifi Announces Leadership Transition

GREENSBORO, N.C. — March 18, 2019 —  The Board of Directors of Unifi Inc. has elected Albert P. “Al” Carey, currently the company’s non-executive chairman, as its executive chairman effective April 1, 2019, and has appointed Thomas H. Caudle Jr. as the company’s principal executive officer effective immediately. Caudle previously served as the company’s principal executive officer from April 2016 to May 2017 and will continue to serve as a director and the president & COO of the company. Carey is presently the CEO of PepsiCo North America, a position from which he is expected to retire at the end of March 2019.

Unifi also announced today that Kevin D. Hall and the company have mutually agreed that Hall would resign as the company’s CEO and as a director of Unifi, both effective immediately.

Unifi’s Board of Directors said: “We are grateful to Kevin for his service and leadership of Unifi over the past two years. We thank Kevin for his contributions, hard work and dedication, and wish him the best in his future endeavors. Unifi has a talented leadership team, and we are confident that Al’s and Tom’s proven leadership, knowledge of our businesses, commitment to our culture, and focus on value creation for shareholders have positioned them well to lead the company and to help execute its strategic plan.”

Carey commented: “Unifi is a fundamentally strong company with great business opportunities and tremendous talent. It is a privilege to be asked to help lead this company. Tom and I will be working very hard in the coming weeks to drive superior execution of the company’s strategic plan and look forward to helping Unifi grow its business and capitalize on its strategic vision. The board and I remain focused on enhancing performance and delivering value for customers, shareholders and employees.  I believe that the company continues to have tremendous potential for growth and that we have an exciting future ahead of us.”

Posted March 18, 2019

Source: Unifi Inc.

The Sterling Group Completes The Acquisition Of Polychem Corp.

HOUSTON — March 18, 2019 —  The Sterling Group, an operationally focused middle market private equity firm, today announced the acquisition of Polychem Corp. Polychem operates in the securement packaging industry.  The company manufactures polyester (PET) and polypropylene strapping consumables, securement equipment and related products, serving the food and beverage, consumer packaged goods, and industrial industries.

Headquartered in Mentor, Ohio, Polychem has operated as a family business since the 1980s. Polychem is vertically integrated, operating a PET recycling facility which processes bales of post-consumer PET, converting them for use in Polychem’s strapping extrusion lines and for external sale to consumer packaged goods companies. Polychem also manufactures and sells a variety of securement packaging equipment to complement its consumable offering.

“We look forward to working with Polychem to continue to build on the company’s long history of successfully serving customers with quality products and innovative securement solutions,” said Gary Rosenthal, a partner at The Sterling Group.

The Sterling Group has extensive experience in the packaging sector, including previous investments in Liqui-Box, Exopack and Saxco.

Posted March 18, 2019

Source: The Sterling Group

Saertex Cooperates With Scott Bader For LEO System

PARIS — March 18, 2019 —  Saertex has announced a strategic partnership with the internationally operating manufacturer of resins, gelcoats, adhesives and specialty polymers Scott Bader for the production and distribution of its Saertex LEO system.

At JEC World 2019, a cooperation agreement was signed between both companies. It aims at combining the performance capabilities of both partner companies for applications that meet the highest fire protection requirements and further developing the LEO system. To this end, the sales and support teams of Saertex and Scott Bader work closely together and can provide their customers on the world market with high-quality consultancy and fast availability of fire-protection-relevant materials for the production of composites.

A cooperation on highly promising conditions: As a specialist, Saertex manufactures reinforcement materials made of glass, carbon and aramid fibers. The Saertex LEO system is the product range within the Saertex product program for applications providing the highest level of fire protection and consists of multiaxial non-crimp fabrics and core materials as well as a specifically designed resin system (not filled and halogen-free) and an easy-to-process gelcoat for fulfilling the highest fire protection requirements such as EN 45545 in the field of rail vehicles, EN13501 in the field of construction or the IMO FTP Codes in the field of shipbuilding.

The resin system within the modular LEO system is now delivered by Scott Bader with immediate effect and further developed together with Saertex.

Steven Bakker, director industry & advanced technologies at Saertex, emphasized: “All materials used within the LEO system are perfectly matched to one another to provide our customers with a reliable solution which meets the highest fire protection requirements. As soon as we receive a request, the relevant product components will be provided by Scott Bader and Saertex within a very short time in order to quickly and reliably deliver a complete LEO system to the customer.”

Another advantage of the cooperation: Like Saertex, the sales and support team of Scott Bader in the field of fire protection is globally positioned and, besides Saertex’s application consultants, it provides additional support for the LEO products emerging from the cooperation.

Neil Gray, global market manager FST at Scott Bader, confirmed: “The Saertex LEO system is a unique material system which combines excellent fire protection with the highest mechanical strength for the production of structural fiber composite components. Our new LEO Crestapol 1261PA resin for the LEO system fulfills all previous functionality requirements and even improves the mechanical properties for structural components.”

The fiber-reinforced composite materials with integrated fire protection from the Saertex LEO System are used in the marine market, in the construction industry and in the production of rail vehicles; all of these are areas in which the combination of lightweight design, a high mechanical durability and an good weather resistance is in demand.

The cooperation agreement has been signed on March 13, 2019, at JEC World in Paris, a trade fair for composite materials.

Christoph Geyer, CEO of the Saertex Group, assured: “Existing customers of Saertex LEO also benefit from the new cooperation with Scott Bader. You can rely upon a further optimized support provided by Saertex.”

In addition, the LEO product range is completed by the two new Saertex products LEO Coated Fabric and SAERcore LEO for RTM processes.

Posted March 18, 2019

Source:  JEC WORLD 2019

Columbus McKinnon Names Appal Chintapalli Vice President Of Engineered Products

BUFFALO, N.Y — March 18, 2019 —  Columbus McKinnon Corp. — a designer, manufacturer and marketer of motion control products, technologies and services for material handling — today announced the appointment of Appal Chintapalli as vice president, Engineered Products. He succeeds John Stewart, who is retiring from Columbus McKinnon after 39 years of service with the Company.

Mark D. Morelli, president and CEO, commented, “As we continue our progress to transform Columbus McKinnon into an industrial technology company, Appal will be a terrific addition to our team. He brings international experience optimizing business changes in Europe, Asia and North America. And, he possesses a keen understanding of technology’s impact on business transformation. I am confident his contributions leading our Engineered Products business will be considerable.”

Morelli added: “It has been a pleasure to work with John these last two years, and I appreciate that he delayed his retirement until now so that he could lead the Engineered Products through the early phases of our Blueprint for Growth strategy. We wish him all the best in his retirement.”

Chintapalli will be responsible for continuing the execution of the Blueprint for Growth strategy for the Engineered Products business including the development of product roadmaps with a view toward continuing market leadership, increasing efficiency and delivering profitable growth.

With a strong background as an operating executive in technology and industry, Chintapalli brings to Columbus McKinnon over 20 years of success in developing strategic roadmaps, identifying growth initiatives and delivering quality execution. Chintapalli’s last four years have been in Germany as the general manager and vice president of IT & Edge Infrastructure EMEA for Vertiv, a multi-billion dollar leader in datacenter infrastructure solutions. In this role he both grew revenue and improved margins. Previous to Vertiv, he held progressively challenging positions in leadership with Emerson Electric over eleven years.

Chintapalli holds an MBA from Harvard Business School, a Masters of Science in Chemical Engineering from the University of Oklahoma, and a Bachelor of Science in Chemical Engineering from Andhra University.

Posted March 18, 2019

Source:  Columbus McKinnon

FIT/Infor DTech Lab Partners With OnPoint Manufacturing To Launch FIT-Branded Lines Of Apparel And Accessories

NEW YORK CITY — March 18, 2019 —  The Fashion Institute of Technology’s FIT/Infor DTech Lab today announced a partnership with OnPoint Manufacturing (OPM) that will lay the groundwork for the college to launch its own branded lines of apparel and accessories. FIT will develop a brand and a series of labels designed, marketed, and retailed by students and manufactured using OnPoint’s innovative fit personalization technologies and supply chain strategies.

This FIT brand will reflect the creative and intellectual capital of FIT, and will be executed with a wearable avant-garde aesthetic that includes two collections of women’s wear, one targeted at a luxury market and the other a mid-market consumer.

OnPoint’s Unique.Fashion platform will act as the marketplace for students working on the project from FIT’s Fashion Design, Technical Design, Fashion Business Management, Textile Development and Marketing, Advertising and Marketing Communications, and Communication Design programs. They will conceptualize, develop, and sell designs using innovative technology that better assures high-quality results in garment personalization using age, weight, and height without measurements, photographs, or scanners.

The partnership creates the opportunity for students to explore developments in technology that offer the potential to reduce waste and costly overdevelopment while improving the industry’s sustainability profile through the employment of on-demand manufacturing.

“This new paradigm will provide students, brands, and designers a revolutionary fashion value chain, in an innovative learning environment,” said Michael Ferraro, executive director, FIT/Infor Design and Technology Lab. “This partnership will engage faculty and students as they research the impact of emerging technology for on-demand, personalized fashion and apparel products.”

Details about the partnership, the development of FIT’s new branded merchandise, and the tools being implemented for the project will be announced and discussed at an event on March 28 from 4:00 pm-7:00 pm at the FIT IT/Infor DTech Lab at FIT, 227 West 27th Street, New York, NY.

Posted March 18, 2019

Source: Fashion Institute of Technology (FIT)

Under Armour Names Kasey Jarvis Chief Design Officer

BALTIMORE — March 18, 2019 —  Under Armour Inc. today announced the appointment of Kasey Jarvis as its new chief design officer. With nearly 20 years of experience in apparel, footwear, equipment, industrial and automotive design, Jarvis brings proven talent and expertise to the company. He will report directly to Chief Product Officer Kevin Eskridge and is expected to start in early April.

“We are thrilled to welcome Kasey to Under Armour. His unique mix of design experience from the auto, footwear and performance equipment industries will help to inform and deliver on our mission to design performance solutions athletes never knew they needed and can’t imagine living without,” said Kevin Plank, Under Armour’s chairman and CEO. “This is a leader who will inspire our incredible team to deliver beautiful, innovative design that the world’s never seen before.”

Leading the design team across all product platforms, regions and categories, Jarvis will be responsible for the translation and commercialization of athlete insights and influential trends into industry-leading, next generation product concepts.

Jarvis joins Under Armour from Black Diamond Equipment where he served as vice president of Product and Design. Prior to that, he served at Nike and General Motors in key design roles. Jarvis is a graduate of Brigham Young University with a B.F.A in Industrial Product and Design.

Posted March 18, 2019

Source: Under Armour Inc.

IDEA™2019 Exhibitor Preview: ExxonMobil

HOUSTON — March 18, 2019 — ExxonMobil said today it plans to present its expanded portfolio of polymers, which enable customers to create innovative soft PP nonwovens, breathable and non-breathable backsheet films, soft-stretch elastic laminates and elastic nonwovens, and adhesives for hygiene and personal care products at IDEA19.

“IDEA19 is the perfect platform for customers to discuss their challenges and innovation ideas with our polymer and application experts,” said Bhaskar Venkatraman, vice president, ExxonMobil Chemical. “Together, we can start creating differentiated solutions to meet the needs of the growing global population, increasing urbanization and expanding middle class.”

Our portfolio of performance PE polymers, including Exceed™ XP, Exceed and Enable™ performance PE polymers deliver thin, comfortable and secure breathable and non-breathable backsheet films. In addition, Achieve™ Advanced PP allows brand owners to rethink what’s possible by providing outstanding barrier properties and up to 15 percent higher fabric strength for nonwovens. Also on display will be products made with Vistamaxx™ performance polymers, Escorez™ tackifiers, and ExxonMobil™ PP resins, all of which are used extensively by converters and formulators around the world.

“Demand for hygiene and nonwoven products, which help enable modern living, is expected to experience healthy growth,” said Venkatraman. “New products, such as Exceed XP, Exceed and Enable performance polymers, highlight our commitment to meet those needs and continue to serve our customers growth.”

These polymers and tackifiers deliver exceptional performance advantages for a range of hygiene products including:

▪ PP Nonwoven fabrics that are soft, comfortable, leak-proof and strong. For spunbond and meltblown processes, Achieve Advanced PP, Vistamaxx performance polymers and ExxonMobil PP resins offer ease of processing, softness, strength, and improved barrier performance.

▪ Backsheet films which are thin, comfortable and secure. Exceed XP, Exceed and Enable performance PE polymers allow the creation of breathable and non-breathable backsheet films with excellent mechanical properties and downgauging opportunities.

▪ Soft-stretch elastic laminates and nonwovens that provide a better fit. Vistamaxx performance polymer-based solutions offer tailored elasticity that enable fit, comfort and discretion, while maintaining low odor.

▪ Adhesives that are stable and provide high bond strength. Vistamaxx performance polymers and the Escorez 5000 family of high-performance tackifiers deliver adhesives that are light in color and remain thermally stable from manufacturing to product use.

▪ Compression packaging films that are extremely damage-resistant, helping brand owners protect their goods through the value chain. Exceed and Enable performance PE polymers provide tough, stiff films with great optical properties and downgauging opportunities of up to 26 percent.

For more information visit the ExxonMobil booth (#1602) at IDEA19

Posted March 18, 2019

Source: ExxonMobil Chemical

Teijin Unveils New Website Featuring Improved Usability

TOKYO — March 18, 2019 — Teijin Ltd. announced today that it has completed the renewal of its website, https://www.teijin.com, effective March 18. The Chinese website will be renewed by June.

Besides offering a more usable website for customers, investors and other frequent visitors, including by making it easier and more convenient to browse the site at anytime and anywhere with smartphones and tablets, the renewed website also introduces upgraded security features in response to increasing threats from global cyberattacks and other risks. To gain the correct and deep understanding for Teijin group, providing information that the users require efficiently by constructing safety and accessible website along with the social and environmental change.

Some of the many improvements introduced with the renewal include the following:

  • Search ability has been strengthened to enable users also to find products and services by type of application, such as “automobiles” or “aircraft,” or physical properties, such as “lightweight” or “heat resistance”. Improved searches are expected to help users access information faster and more accurately.
  • The “Teijin ABC” page provides a summary of the Teijin Group and Teijin’s real-time stock price for investors to enhance the public’s overall understanding.
  • Existing responsive web design and updated layout of icons are user-friendly to deal with shifting to the mobile environment with the progress of information technology.
  • Greater clarification of Teijin’s contributions to the United Nations’ Sustainable Development Goals (SDGs), including with icons to identify products that are helping to achieve one or more of these 17 goals.

Posted March 18, 2019

Source: Teijin Group

Hygienically Clean Healthcare Certification For Paris Cos.’ Ravenna, Ohio, Laundry

ALEXANDRIA, Va. — March 15, 2019 — Paris Cos. — a family-owned uniform, healthcare and hospital linen supplier headquartered in DuBois, Pa. — has earned the Hygienically Clean Healthcare certification for its Ravenna, Ohio, laundry. Achieving this certification reflects their commitment to best management practices (BMPs) in laundering as verified by on-site inspection and their capability to produce hygienically clean textiles as quantified by ongoing microbial testing. Paris Cos. serves customers in Pa., N.Y., Ohio, and W.Va. Their DuBois facility achieved the Hygienically Clean certification in 2017.

The Hygienically Clean Healthcare certification confirms the organization’s 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. The independent, third-party inspection must also confirm essential evidence that:

  • Employees are properly trained and protected;
  • Managers understand regulatory requirements;
  • OSHA-compliant; and
  • Physical plant operates effectively.

To achieve certification initially, laundries pass three rounds of outcome-based microbial testing, indicating that their processes are producing Hygienically Clean Healthcare textiles and diminished presence of yeast, mold and harmful bacteria. They also must pass a facility inspection. To maintain their certification, they must pass quarterly testing to ensure that as laundry conditions change, such as water quality, textile fabric composition and wash chemistry, laundered product quality is consistently maintained. Re-inspection occurs every two to three years.

This process eliminates subjectivity by focusing on outcomes and results that verify textiles cleaned in these facilities meet appropriate hygienically clean standards and BMPs for hospitals, surgery centers, medical offices, nursing homes and other medical facilities.

Hygienically Clean Healthcare certification acknowledges laundries’ effectiveness in protecting healthcare operations by verifying quality control procedures in linen, uniform and facility services operations related to the handling of textiles containing blood and other potentially infectious materials.

Certified laundries use processes, chemicals and BMPs acknowledged by the federal Centers for Disease Control and Prevention (CDC), Centers for Medicare and Medicaid Services, Association for the Advancement of Medical Instrumentation, American National Standards Institute and others. Introduced in 2012, Hygienically Clean Healthcare brought to North America the international cleanliness standards for healthcare linens and garments used worldwide by the Certification Association for Professional Textile Services and the European Committee for Standardization.

Objective experts in epidemiology, infection control, nursing and other healthcare professions work with Hygienically Clean launderers to ensure the certification continues to enforce the highest standards for producing clean healthcare textiles.

“Congratulations to Paris’ Ravenna location on their certification,” said Joseph Ricci, TRSA president and CEO. “This achievement proves their commitment to infection prevention and that their laundry takes every step possible to prevent human illness.”

Paris Cos. also holds the Clean Green certification, which proves their commitment to customers that their laundry is dedicated to standards for operational efficiency and sustainability. Clean Green certification underscores ongoing sustainability efforts and adherence to the highest standards in their production and delivery operations.

Posted March 15, 2019

Source: TRSA

Veronica Wu Elected To VF Corp.’s Board Of Directors

GREENSBORO, N.C. — March 14, 2019 — The board of directors of VF Corp. — a global supplier of branded lifestyle apparel, footwear and accessories — has elected Silicon Valley venture capitalist Veronica Wu as a director, effective March 12, 2019.

“We’re pleased to welcome Veronica to VF’s board of directors,” said Steve Rendle, VF’s chairman, president and CEO. “Her extensive experience in technology, artificial intelligence and machine learning, coupled with her deep knowledge of the Chinese consumer and the China digital marketplace, will be a significant addition to our Board as we continue to expand our digital capabilities and leverage digital as a key growth engine for our brands worldwide.”

Wu will serve on the Finance and Nominating & Governance Committees of VF’s board of directors.

Wu (48) launched Hone Capital in 2015 to pioneer a new model of venture investing that combines machine learning with powerful angel networks to deliver consistent return at scale. To date, Hone has invested in more than 300 technology companies, including many throughout the e-commerce and consumer sectors.

Prior to Hone Capital, Wu served from 2013 to 2015 as vice president of Tesla Motors overseeing its China operations and led the introduction of the company’s first car into the China market in 2014. Before Tesla, Wu worked for Apple Inc., where she led the launch of Apple’s Education and Enterprise business in China from 2006 to 2013, growing it from inception into a multi-billion dollar business. Previously, she held senior positions at Motorola and McKinsey & Co.

Wu holds a Bachelor of Science degree from Yale University in Applied Mathematics, and a Master of Science degree in Industrial Engineering Operations Research from the University of California, Berkeley.

Posted March 15, 2019

Source: VF Corp.

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