AdvanSix Issues Statement Regarding Philadelphia Refinery Fire

PARSIPPANY, N.J. — June 24, 2019 — AdvanSix said today that the Company is assessing the potential business impact of the fire that occurred Friday morning at the Philadelphia Energy Solutions’ (PES) refinery in Philadelphia. PES is one of multiple suppliers to AdvanSix of cumene, a feedstock material used to produce phenol, acetone and other chemical intermediates. The Company continues to operate its facilities while implementing its mitigation plans, including evaluation of business interruption insurance.

“We are thankful for the safety of all PES employees and have offered our assistance in the local area following Friday’s significant fire,” said Erin Kane, president and CEO of AdvanSix. “As a result of this event, we expect an increase in our feedstock and logistics costs to persist into the third quarter 2019. We are actively working with a number of suppliers to mitigate the impact on our business operations.”

Based on various planning scenarios and our current understanding of the PES fire’s impact on our business, the Company anticipates an approximately $7 to $12 million unfavorable impact to pre-tax income in the third quarter 2019, including incremental raw material and logistics costs as well as a modest unfavorable impact from fixed cost absorption.

The Company remains on force majeure with phenol customers and does not expect a material impact to second quarter 2019 financial results from the PES fire.

AdvanSix is a leading manufacturer of Nylon 6, a polymer resin which is a synthetic material used by our customers to produce engineered plastics, fibers, filaments and films that, in turn, are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. As a result of our backward integration and the configuration of our manufacturing facilities, we also sell caprolactam, ammonium sulfate fertilizer, acetone and other intermediate chemicals, all of which are produced as part of our Nylon 6 integrated manufacturing chain.

Posted June 24, 2019

Source: AdvanSix

ITSA To Host World Textile Services Congress (WTSC) In 2020

BRUSSELS, Belgium — June 24, 2019 — The International Textile Services Alliance (ITSA), a global community of national and regional linen, workwear and textile services associations, will host the World Textile Services Congress (WTSC) on June 18-19, 2020, in Frankfurt, Germany, prior to Texcare International. The WTSC will build on the success and momentum of WTSC 2016 held in Bruges, Belgium, which attracted nearly 200 linen, uniform and facility services professionals from around the globe.

The World Textile Services Congress will be organized by the following associations who will participate on the program development Task Force and host respective Board of Directors meetings on June 18 in conjunction with the Congress:

  • De Federatie van de Belgische Textielverzorging (FBT – Belgium)
  • Deutscher Textilreinigungs Verband (DTV – Germany)
  • Laundry Association of Australia (LAA – Australia)
  • Textile Services Association (TSA – United Kingdom)
  • TRSA, the Association for Linen, Uniform and Facility Services (North America)

“Our vision is to create a global forum for CEOs and senior executives to exchange information on best practices, market trends and innovations,” said TRSA President & CEO Joseph Ricci. “As the linen, workwear and textile services industry association leaders, ITSA participants understand the importance of sharing information on global issues impacting our industry such as improving cleanliness and safety, reducing energy and water consumption, and creating sustainable business practices and processes based on guidelines and standards.”

The WTSC will focus on global issues including sustainability, safety, workforce development digitalization, as well as regulation and standards. The Congress will kick-off with new research on the Demand Sector Outlooks: Global Opportunities for the Textile Services Industry conducted and presented by The Economist Intelligence Unit (EIU), the provider of worldwide forecasting and advisory services. The research presentation will focus onsite by global region and business sector including a five-year forecast of market sector demand (size, growth rate) and country-specific analysis of opportunities and challenges.

Like WTSC 2016, attendance will be limited to linen, workwear and textile services CEOs, executives and owners-delegate and CEOs/senior executives from sponsoring supplier partners.  Current sponsors include JENSEN-GROUP and Pellerin Milnor Corp. For information on additional sponsorships levels and content development, contact Michiel Gen at Michiel.Gen@exempla.be | +32 2 318 23 84. Delegate registration will open in September 2019.

Moving forward, the World Textile Services Congress (WTSC) will be held every few years in conjunction with an international linen, workwear and textile services event such as Texcare International in 2020 in Frankfurt and The Clean Show in 2023 in Orlando, FL. In addition, ITSA and its members will work with event organizers such as Messe Frankfurt and the World Educational Congress for Launderers & Drycleaners to develop content for other international conferences and tradeshows. The development and administration of WTSC 2020 will be facilitated by Exempla, a well-established, experienced event-development firm headquartered in Brussels. They will be responsible for managing the administration, logistics, marketing, sponsorship sales, registration and other aspects of the event, as well as to help facilitate task force discussions.

The International Textile Services Alliance (ITSA) also recently launched its new information-sharing, interactive website with content and resources contributed and managed by each participating association. The site will focus on broad, global issues as directed by the subject-matter experts of the respective participating associations such as natural resources, environmental sustainability, digitalization and technology, hygiene and labour. The ITSA site also will include news and social media feeds, a global event calendar, research and other information from participating associations.

Posted June 24, 2019

Source: ITSA / TRSA

Rieter Awarded 180 Million Swiss Franc Contract From Cotton & Textile Industries Holding Co., Cairo, Egypt

WINTERTHUR, Switzerland — June 24, 2019 — Rieter Group has signed contracts with the Cotton & Textile Industries Holding Co., Cairo (Egypt), at ITMA 2019. These seven projects entail a total of 180 million Swiss francs. The contract comprises delivery of compact- and ring-spinning systems over the next two years. This order is part of a comprehensive modernization program of the Egyptian textile industry. The order intakes are anticipated to be realized in 2019 with sales posted in the 2020/2021 financial years.

The contracts were signed at the ITMA in Barcelona, Spain, by Dr. Ahmed Moustafa Mohamed, chairman Cotton & Textile Industries Holding Co., and Dr. Norbert Klapper, CEO Rieter.

Dr. Klapper was very pleased at the formal signing of contracts: “We would like to thank our Egyptian business partners for the confidence they are placing in Rieter by awarding us this contract. Rieter has been the partner of choice of the Egyptian spinning industry for decades. We are delighted to be given the opportunity of making such an important contribution to the modernization of the Egyptian textile industry.”

Posted June 24, 2019

Source: Rieter Holding Ltd.

DORNIER Presents The Rapier Weaving Machine P2 At ITMA 2019

LINDAU, Germany — June 22, 2019 — Since its development in 1967 it was known as the most flexible rapier weaving machine in the world: the P1 made by Lindauer DORNIER GmbH. At the upcoming ITMA (20.–26.6., Barcelona) the company will present the standard variant of its successor, the P2 to the public for the first time. It is already being hailed as a new milestone in rapier technology.

“Even more flexible, faster and more efficient – the P2 is the result of almost seven decades of expertise in developing and building rapier weaving machines”, says Thomas Laukamp, DORNIER’s Weaving Machine Predevelopment Manager. He goes on to say that with this latest innovation from DORNIER the already excellent P1 has been decisively improved in every aspect of importance to the weaver. Accordingly, with its improved shed geometry and more rigid frame, better insertion performance, maintenance-free drive (developed in-house) and optimized positive active center transfer, the P2 henceforth replaces the P1 as the most flexible rapier weaving machine in the world.

Better operability, greater investment security

Even the dimensions of the machine have been optimized: The new P2 is as much as 240 millimeters shorter and 40 millimeters lower than its predecessor. “That might not sound like much, but it simplifies operation of the machine enormously”, declares Laukamp. Furthermore, the P2 machine structure consists of clearly defined primary and auxiliary modules. This module-based construction principle is intended above all to make conversion and expansion work simpler. “This in turn assures the user greater investment security, because he can respond more rapidly to changes in the market”, says Laukamp.

The P2 can be adapted easily and quickly for processing different yarns for clothing, home and technical textiles as well as for high-quality composite semi-finished materials. The central module in frame construction is 75 percent more rigid than the P1 and is also designed for optimum force flow. The torsional rigidity of the reed shaft has been increased by 50 percent to lend more stability to the weaving process.

Supreme flexibility in three variants

Whether it is used with cam motion, dobby (up to 24 shafts) or Jacquard machines with up to 30,000 hooks and in conjunction with the EasyLeno® leno system developed by DORNIER – with up to 16 filling thread colors the P2 is the ideal tool for creative, flexible, precise and efficient production of top quality clothing and home textiles or technical textiles in glass, carbon or aramid.

The new machine is available in three variants: Besides the standard configuration, the P2V is a reinforced version offering a reed beat-up force as much as 37 kN, and the P2S heavy-duty weaving machine is supplied with a maximum reed beat-up force of 50 kN for very heavy and dense technical fabrics. Like all weaving machines from DORNIER, all variants of the P2 are equipped with high-performance interfaces so they can be integrated easily in the IT/tool environments in the weaving mills.

Patented innovations for maximum productivity

Besides the unrivaled DORNIER SyncroDrive® drive concept, three other patented, optional innovations by DORNIER offer potential for raising productivity further: the color selector and feed system DisCoS (DCS) enables exceedingly simple processing of up to eight colors; the Weft Saver (DWS) waste saving device enables weaving without a left catch selvedge, reducing waste, and the double weft rapier heads (DoPPIO) with free color transfer and parallel weft insertion.

Posted June 22, 2019

Source: Lindauer DORNIER GmbH.


The International Textile Services Alliance (ITSA) Launches New Website

BRUSSELS, Belgium — June 21, 2019 — The International Textile Services Alliance (ITSA), a global community of national and regional linen, workwear and textile services associations, has launched a new website, www.itsa-alliance.org

The new website reflects ITSA’s focus on broad, global issues as directed by the subject-matter experts of the respective participating associations such as  environmental sustainability,  digitalization and technology, regulation and standards development, hygiene and labour, in addition to news and social media feeds, a global event calendar, research and other information from ITSA’s participating associations:

  • De Federatie van de Belgische Textielverzorging (FBT – Belgium)
  • Deutscher Textilreinigungs Verband (DTV – Germany)
  • European Textile Services Association (ETSA – Europe)
  • Group of Industrial Enterprises of Textile Services (GEIST – France)
  • Laundry Association of Australia (LAA – Australia)
  • Norsk Renseri- & Vaskeriforening (NRV – Norway)
  • Sveriges Tvateriforbund (Sweden)
  • Textile Services Association (TSA – United Kingdom)
  • TRSA, the Association for Linen, Uniform and Facility Services (North America)

“As the linen, workwear and textile services industry association leaders, ITSA participants understand the importance of sharing information on global issues impacting our industry such as improving cleanliness and safety, reducing energy and water consumption, and creating sustainable business practices and processes based on guidelines and standards,” said TRSA President & CEO Joseph Ricci. “The website redesign underscores ITSA’s commitment to worldwide industry collaboration.”

The International Textile Services Alliance (ITSA) was established as a global forum to promote the value of textile, linen and uniform services and facilitate the exchange of information to further professionalize and improve cleanliness, safety and operations. Every day, millions of people benefit from organizations that supply, launder and maintain linens, uniforms, protective clothing, mats and mops, towels, wipes and other reusable textiles. The nearly $125 Billion (USD) global linen, uniform and textile services industry serves businesses, retailers, hospitals and long-term care facilities, hotels, restaurants and other organizations to help enhance their image and provide clean, safe environments for their employees and customers. The industry employees more one million professionals worldwide and offers a sustainable alternative to home laundering and disposable products by leveraging expertise and volume to more cost-effective, efficiently and environmentally friendly processes.

Posted June 21, 2019

Source: ITSA / TRSA

M&B Hangers President Earns
‘TRSA Maglin/Biggie Lifetime Achievement Award’

ALEXANDRIA, Va. — June 21, 2019 — Milton M. Magnus III, president, M&B Hangers, Leeds, AL, was recently named the winner of TRSA’s Maglin/Biggie Lifetime Achievement Award, which honors exceptional lifetime contributions by an associate member to improve the association and industry. Magnus III will receive his award during the Annual Awards Dinner on Sept. 19, in conjunction with the TRSA 106th Annual Conference in Boston, MA.

Forty-five years ago, Magnus completed his business degree and joined the ranks of M&B Hangers, the company co-founded in 1943 by his grandfather, Milton M. Magnus Sr. Over the years and during many shared lunches, Magnus III learned all aspects of the business from his father, Milton M. Magnus Jr., who was then president of the company. Under the leadership of Magnus, M&B Hangers has grown and diversified, and is now the only full-line hanger manufacturer in the United States. M&B Hangers operates manufacturing plants in Leeds, AL, and in Piedras Negras, Mexico.

TRSA Chair Jim Buik, Roscoe Co., noted that the Executive Committee’s decision, “Gives us tremendous pleasure to recognize Milton’s contributions and support of the linen, uniform and facility services industry with the TRSA Maglin/Biggie Lifetime Achievement Award;  bestowed only upon professionals in recognition of their exceptional personal service to our industry and to the associations that serve the industry.”

Magnus is a longtime, active member of TRSA. He promotes TRSA’s value to the industry, supporting the association through personal involvement and enabling his company’s management to give their time to TRSA activities. He’s been an active supporter of TRSA’s advocacy efforts and is one of TRSAPAC’s strongest supporters, donating annually to ensure the linen, uniform and facility services industry is well represented in front of policymakers. Magnus has served on a variety of committees and currently chairs the associate committee. He is also a current member of the TRSA Board of Directors.

The award is named for the late Rudolph A. “Rudy” Maglin, a chemical supplier who finished his career with Dober Group (Spindle Technologies), Woodridge, IL; and James Biggie, the launderer-turned-garment-identification specialist for Penn Emblem Co., Philadelphia. Since 1987, Lifetime Achievement Awards have been given to 22 individuals from associate member companies.

Posted June 21, 2019

Source: TRSA

Rich Williams Elected To Kontoor Brands Board Of Directors

GREENSBORO, N.C. — June 20, 2019 — The Board of Directors of Kontoor Brands, Inc., a global lifestyle apparel company with a portfolio of some of the world’s most iconic denim brands including Wrangler®, Lee® and Rock & Republic®, has named Rich Williams, CEO of Groupon, as a director, effective June 19, 2019.

“ no quote We’re pleased to welcome Rich to Kontoor’s Board of Directors,” said Bob Shearer, Chairman of the Board, at Kontoor Brands. “ no quote Rich’s extensive experience in technology and e-commerce, paired with his deep knowledge of consumer marketing, will be a strong addition to our Board as Kontoor continues to focus on accelerating our direct to consumer strategy and creating value for our shareholders.”

Mr. Williams will serve on the Talent and Compensation Committee of Kontoor’s Board of Directors.

Mr. Williams, 45, has served as Groupon’s Chief Executive Officer and a member of Groupon’s Board of Directors since November 2015. During his tenure at Groupon, he has served as Chief Operating Officer, President of North America and Senior Vice President of Marketing. Prior to joining Groupon, Mr. Williams held a variety of marketing leadership roles of increasing responsibility at Amazon and spent nearly seven years in leadership positions at Experian in both sales and marketing.

Posted June 21, 2019

Source: Kontoor Brands, Inc.


Hyosung Chairman Cho Hyun-Joon Meets With Vietnam’s Deputy Prime Minister To Discuss Business Cooperation

SEOUL — June 20, 2019 — Hyosung Chairman Cho Hyun-Joon met with Vietnam’s Deputy Prime Minister Vuong Dinh Hue on June 19 during the latter’s visit to Seoul, and they promised to strengthen their cooperation.

Deputy Prime Minister Hue acts as an economic command center in charge of the Ministry of Finance, the Ministry of Planning and Investment and the State Bank of Vietnam.

Chairman Cho briefed Deputy Prime Minister Hue on Hyosung’s two plants under construction in Vietnam — a PP plant in Ba Ria-Vung Tau Province and a tire cord plant in Quang Nam Province, and asked for the Vietnamese government’s support.

“Vietnam is critical to Hyosung as its global manufacturing base where all of its core products are being produced,” Chairman Cho said, “I hope we will keep up our friendly relationship and strengthen our cooperation.”

“Hyosung is one of the largest investors in Vietnam. I will actively support its projects to build a PP plant in the southern province of Ba Ria-Vung Tau and a tire cord plant in the central province of Quang Nam,” Deputy Prime Minister Hue said.

Chairman Cho has been meeting with top government officials of Vietnam to maintain his friendly relations with them. In 2016 and 2018, he met with Vietnamese Prime Minister Nguyen Xuan Phuc to discuss its business cooperation with the country.

Posted June 21, 2019

Source: Hyosung Corporation

ClockSpring|NRI Acquires Milliken Infrastructure Solutions

HOUSTON — June 21, 2019 — ClockSpring|NRI, a manufacturer of highly innovative and engineered products for the repair and rehabilitation of global critical infrastructure, today acquired Milliken Infrastructure Solutions, LLC, previously a subsidiary of Milliken & Company, expanding its line of superior composite solutions for industrial process and transmission pipelines and adding new, pioneering technologies for water and wastewater infrastructure restoration.

“This acquisition expands ClockSpring|NRI’s ability to address complex integrity issues,” says ClockSpring|NRI CEO Matthew Boucher. “Our combined engineering expertise and complementary product lines enable us to offer the most comprehensive suite of products and services for the safe and sustainable repair, maintenance, and construction of critical infrastructure.”

With this acquisition, the ClockSpring|NRI solutions portfolio now includes GeoSpray™, a high-performance spray-on geopolymer mortar lining that provides trenchless pipe rehabilitation and structural strengthening for sewer, water, and wastewater lines; Concrete Cloth, the “concrete on a roll” flexible concrete-impregnated fabric designed for berm and secondary containment and erosion control; the Atlas™ carbon fiber system for pipeline repairs that require strain reduction due to dynamic loading conditions; and the RenewWrap™ FRP strengthening systems for civil repair applications, as well as other complementary repair technologies.

Atlas™ and RenewWrap™ are among the products that will be integrated into the ClockSpring|NRI Composites Division. ClockSpring|NRI will create a new Concrete Solutions Division led by John Hepfinger, who previously served as Global Market Director for Milliken Infrastructure Solutions and brings nearly 30 years of experience to his new role. John will report directly to CEO Matthew Boucher as a member of the ClockSpring|NRI leadership team.

“Milliken Infrastructure Solutions has grown tremendously over the last few years as customers have increasingly adopted these differentiated products that solve relevant infrastructure rehabilitation challenges,” comments Alex Kim, executive vice president of corporate strategy and development for Milliken & Company. “With their global scale and focus on infrastructure, we believe that ClockSpring|NRI will be able to accelerate the growth and achieve the full potential of this business.”

ClockSpring|NRI’s financial sponsor, Wind Point Partners, was instrumental in helping to complete the transaction. Wind Point is an active investor in industrial products and services with relevant investments including Kleinfelder (a multi-disciplinary engineering firm with significant experience in critical infrastructure) and Interface Performance Materials (a manufacturer of fiber-reinforced and composite products).

Alex Washington, Wind Point Partners managing director, states, “This transaction enhances the breadth of ClockSpring|NRI’s comprehensive portfolio and highlights the capabilities we bring to help portfolio companies scale. In cooperation with management, Wind Point will seek to continue growing the platform through a combination of organic growth and accretive acquisitions.”

Clock Spring|NRI additionally was advised by Kirkland & Ellis and KPMG. Jones Day supported Milliken & Company during the transaction process.

Posted June 21, 2019

Source: ClockSpring|NRI


Sustainability: ACIMIT Rewards Excellence In Textile Machinery Manufacturing With The Italian Green Label Award

MILAN/BARCELONA — June 21, 2019 — At the press conference held by ACIMIT and the Italian Trade Agency at ITMA Barcelona, two ACIMIT associated textile machinery manufacturers, Loptex and Tonello, were awarded the Italian Green Label Award for their commitment to reducing their machinery’s carbon footprint.

The commitment of textile machinery manufacturers in researching and developing technology solutions capable of improving the energy consumption and/or environmental performance of their machinery is implemented through the Sustainable Technologies project. Promoted by ACIMIT since 2011, the project’s focus is on the Green Label, through which machinery manufacturers can communicate their engagement. The quantity of carbon dioxide equivalent emissions produced during the operation of the machinery (CFP) is the parameter chosen to give value to the environmental efficiency of the machinery subject to the special labelling.

Eight years after launching the Sustainable Technologies project, which occurred right here in Barcelona at the 2011 edition of ITMA, ACIMIT has now instituted the Italian Green Label Award, to reward companies that have shown the most commitment in pursuing the project’s aims. Loptex S.r.l., a company based in Montano Lucino (CO), specializing in quality control systems in textile fiber, both in the spinning and non-woven sectors, was awarded a prize as the company that achieved the best results, expressed in terms of percentage reduction in the value of CFP for its machinery. Tonello S.r.l., of Sarcedo (VI), which manufactures technologies for finishing garments, for its part received the award as the company that showed the most engagement in exploiting all the functionalities of the tool dedicated to generating the Green Label, producing numerous labels for a variety of different machinery and updating them over time, in an effort to communicate continuously up-to-date information on the path to sustainability undertaken.

“With the Italian Green Label, ACIMIT intends not just to reward those companies that have been most intensely engaged in our project, but also bears witness to what we have achieved as a sector on the issue of sustainability,” states ACIMIT’s President Alessandro Zucchi. “I believe that the search for sustainable technology solutions is an indispensable element for textile manufacturers who are intent of providing a response to the market’s needs. And Italian machinery manufacturers are leaders on this issue as well.”

The winning companies expressed their satisfaction. Renato Gerletti, owner of Loptex: “We’re obviously very pleased to have received this award. The Italian Green Label Award recognizes just how much we have achieved so far on the issue of sustainability. It will to motivate us to do even more, dedicating additional resources to researching and developing sustainable solutions for our customers.”

Flavio Tonello, CEO of Tonello: “We have joined the Green Label project since its start. Tonello has always focused on sustainability in building our machinery, and our Research and Development team have always endeavoured to provide innovative, sustainable solutions.”

LOPTEX

Loptex, a company serving the textile industry for more than 25 years, offers state of the art technologies for the fibres quality improvement in cotton and non-woven industries. Its assembly facility is in Northern Italy, Como Area. Loptex stands out for its pioneering vision and innovative spirit. Loptex guarantees excellent service and support to its customers.

TONELLO

Tonello is the global supplier of garment finishing technologies that, since 1981, has been contributing to the success that made in Italy has enjoyed all over the world. Thanks to its cutting-edge machines and its one-of-a-kind service, it acts side by side with its customers creating a link between the stylists and the companies working, dyeing and finishing the garments. With more than 8000 machines sold worldwide, Tonello is considered the reference point for the garment finishing industry.

Posted June 21, 2019

Source: ACIMIT


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