Rieter General Meeting 2019

WINTERTHUR, Switzerland— April 4, 2019 — At the 128th Annual General Meeting of Rieter Holding Ltd. on April 4, 2019, 502 shareholders, who represent 63.8 percent of the share capital, participated. A dividend of 5.00 Swiss francs per share was agreed. The shareholders approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for the fiscal year 2020.

The chairman of the board of directors, Bernhard Jucker, and the members of the board of directors This E. Schneider, Michael Pieper, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi and Luc Tack were confirmed for an additional one- year term of office. 
Furthermore, This E. Schneider, Hans-Peter Schwald and Bernhard Jucker, the members of the remuneration committee who were standing for election, were also re-elected for a one-year term of office.

Shareholders also adopted all other motions proposed by the board of directors, namely approval of the annual report, the financial statements and the consolidated financial statements for 2018, and formal approval of the actions of the members of the board of directors and those of the Group Executive Committee in the year under review.

Forthcoming dates

Semi-Annual Report for 2019 — July 18, 2019

Results press conference 2020 — March 10, 2020

Annual General Meeting 2020 — April 16, 2020

Posted April 4, 2019

Source: Rieter Holding Ltd.

HEAT-MX Worldwide Addresses Significant Environmental Concerns Of Microplastic Contaminations In Our Water System With Its No Micro-Fiber (NMF) Technology

MONTREAL — April 2, 2019 — HEAT-MX Worldwide today announces NMF™ (No Micro-Fiber) Technology developed for environmental benefits in its LOFT MX, STRETCH MX and VEGAN DOWN MX product categories.

Sae Chang, president of HEAT-MX Worldwide, inventor and owner of several patent-pending technologies in the industry, said: “We are facing large man-made environmental issues due to microplastic contaminations in our water systems globally. According to recent studies, microplastics are found in 93 percent of bottled water around world and beer, on average, has 4.05 man-made particles, mostly plastic fibers, per liter. Ingesting microplastics could cause a number of potentially harmful health effects, including inflammation and creating compounds containing toxic metals such as mercury, and organic pollutants such as some pesticides and chemicals called dioxins, which are known to cause cancer as well as reproductive and developmental problems, according to Rachel Adams, a senior lecturer in Biomedical Science at Cardiff Metropolitan University.”

Sae went on to say: “Although we are making this announcement now in light of the industry’s awareness on the microplastic contamination issue, we have applied the NMF (No Micro-Fiber) Technology from the very beginning of the product engineering since the inception of our company. Although many competitive brands had long emphasized use of microfibers as an important reason for the performance of their products’ thermal efficiency, we took a different approach in creating the highest level of thermal efficiency in the industry, which was essentially to avoid using weak microfibers. By taking this refreshing approach, we have been able to create our proprietary Long- Range Thermal Dynamics (LRTD) Technology and it has also helped us successfully engineer our products not only with the highest-level of thermal efficiency in the industry, but also high compression resistance which is essential for durable performance after washing and repeated usage. We are confident to say that consumers using our HEAT-MX™ products will benefit from the most performing insulation products in the market while contributing to healthier environment.”

HEAT-MX is a brand of innovative thermal insulation material offering a wide range of products based on the performance and application needs of such winter garments as gloves, footwear, hats, sleeping bags, and home furnishing textiles (blankets, pillows, etc.). In addition to the industry leading thermal performances, various product grades in different product categories offer other exceptional performance features such as windproof, water resistance, water-vapor-transmission-rate, odor control, etc. We at HEAT-MX care about the environment and offer many innovative sustainable product options.

iDown™ is a patent-pending technology which provides many performance benefits for a wide range of products using down feather material, e.g., apparel, sleeping bags, home furnishing textiles (blankets, pillows, etc.), etc. These significant performance advantages of the iDown Technology are created incorporating natural phenomenon into innovative manufacturing technologies without harmful chemical treatment and offers permanent performance features. In addition to the performance benefits, the Technology can also help significantly reduce manufacturing costs. As HEAT-MX Worldwide is committed with social responsibilities and sustainability, we offer innovative Recyclable product options under the iDown Technology platform. Ask Sae Chang for the Technology Overview.

Posted April 3, 2019

Source: HEAT-MX Worldwide

Kornit Digital Reinvents Industrial Polyester Printing With Breakthrough Innovation And Technology

ROSH HA’AYIN, Israel — April 2, 2019 — Kornit Digital Ltd., a digital textile printing innovator, today unveiled Kornit NeoPoly Technology, which is the industry’s first digital, industrial process for high-quality printing on polyester.

Polyester is the second largest category in the overall T-shirt market, it is key in the sport segment, and is growing in the athleisure and functional apparel segments. Currently polyester is printed predominantly by analog solutions, which creates major technological, cost and sustainability challenges.

The new ground-breaking Kornit NeoPoly Technology addresses these challenges with a new process and ink set implemented in the renowned Kornit NeoPigment™ process. Kornit’s new process handles polyester applications without compromising on design, run size, substrate or labor.

The breakthrough technological innovation is achieved by an innovative ink set and a physical and chemical process specifically developed for low temperature curing, and polyester enhancing functionalities developed to maintain fabric characteristics and provide superior fastness. This unique process prevents dye migration on polyester. The inks are Oeko-Tex and Eco-Passport certified and do not contain PVCs or other toxic ingredients.

The first system equipped with the Kornit NeoPoly Technology is the new Kornit Avalanche Poly Pro, a member of Kornit’s world-class reliable, highly productive industrial platform. The single-step Poly Pro is the perfect system for the industry, enabling easy and cost effective short-runs and on-demand printing on polyester garments.

One of Kornit’s first customers to embrace the NeoPoly Technology is DTG2Go, a Delta Apparel Inc. company and leader in the direct-to-garment printing and fulfillment marketplace. “With our business serving the discerning activewear and performance apparel markets, we see increasing demand for personalized, decorated polyester garments,” comments Deborah H. Merrill, Delta Apparel Inc.’s CFO and president, Delta Group. “We are excited about the new opportunities the Avalanche Poly Pro creates for our business. Through DTG2Go, we can now deliver individualized and small-run prints on a variety of polyester fabric types at the quality levels our customers demand.”

The new Kornit Avalanche Poly Pro will be unveiled at Kornit’s Discover events on April 3-4, in the New York Metropolitan area, on April 11-12, in Duesseldorf, Germany, and April 15-17, in Hong Kong. The system will also be publicly shown and demonstrated in Fespa Munich, CITPE China and ITMA Barcelona.

Omer Kulka, Kornit’s vice president of Marketing and Product Strategy, commented: “Kornit is on a mission to reinvent the garment and textile printing industry with game changing technologies for growing market segments. We continually work to break technology boundaries, so that our customers can innovate and open new markets and new business opportunities, while being more operationally efficient. The new NeoPoly Technology is further proof of this innovation and reinvention mission.”

Posted April 3, 2019

Source: Kornit Digital Ltd.

Fujifilm Dimatix To Feature State-Of-The-Art Inkjet Technologies At Inprint USA 2019

LEBANON, N.H. — April 2, 2019 — Advanced inkjet innovations developed by Fujifilm Dimatix Inc. will be on display within booth 201 at the upcoming InPrint USA trade show, April 9-11, 2019, at the Kentucky International Convention Center, in Louisville, Ky.

Highlights within the FUJIFILM Dimatix booth include:

Samba® Mini 4300 Series Industrial Inkjet Printbar System

For the commercial and packaging printing segments, the Samba PS4300 is a compact printbar system designed to be easily integrated into most existing print equipment or manufacturing process adding variable inkjet imprinting capabilities with unsurpassed print quality at revolutionary speeds.

Samba JPC Printbar System

Designed for OEMs and brand owners to reduce time and cost in their development cycles of high-speed, high-quality 1200 dpi single-pass inkjet printing systems.

Samba 42000 Inkjet Printbar System

The 17” Samba 42000 provides imprinting of the highest standard to the label and production printing markets. This digital inkjet system allows printers to add digital capability to their existing presses or introduce offline customization.

Additionally, an innovation area will feature Fujifilm UV, water-based and hybrid inks for industrial printing applications.

“Fujifilm Dimatix offers a comprehensive portfolio within the packaging, display, industrial, textile and commercial segments,” said Scott Leger, business development manager, Fujifilm Dimatix. “As a supplier of core inkjet technology and high performance print systems, Fujifilm Dimatix is excited to share its innovations at InPrint USA.”

Posted April 3, 2019

Source: Fujifilm Dimatix

Albany International Announces Stephen M. Nolan As New CFO And Treasurer

ROCHESTER, N.H. — March 29, 2019 — Albany International Corp. announced today that its board of directors has appointed Stephen M. Nolan as CFO and treasurer to succeed John Cozzolino, effective April 1, 2019.

Nolan has more than 16 years of experience in operational and strategic finance, most recently serving as CFO for Esterline, where he co-led the recently completed sale of Esterline to TransDigm Group Inc.

Nolan had served as CFO of Esterline since February 2018. Prior to this role, he was the CFO for Vista Outdoor Inc., a publicly traded manufacturer of outdoor sports and recreation products, and worked on the formation and spin-off of Vista Outdoor from its aerospace and defense parent company Alliant Techsystems (ATK) in 2015, as well as the related merger between ATK and Orbital Sciences to create Orbital ATK. Prior to that time, Nolan worked in a number of strategic and operational management roles within ATK, including senior vice president for Strategy and Business Development and several business unit leadership positions. Earlier in his career, Nolan served for five years in corporate development and strategy roles at Raytheon Co. and five years as a strategy consultant at McKinsey & Co.

Nolan, 49, began his career in engineering, designing freeway traffic management systems. He has a bachelor’s degree in engineering from Trinity College, the University of Dublin, a master’s degree in civil engineering from the University of Massachusetts Amherst, and an MBA from the Massachusetts Institute of Technology.

Olivier Jarrault, Albany’s president and CEO, said, “I am very pleased to welcome Stephen Nolan as our new CFO and Treasurer. Stephen brings extensive experience within the aerospace and defense sector, and an impressive track record of strategic execution — most recently with the successful sale of Esterline to TransDigm — as well as a history of success serving in senior financial and business management roles in a number of global manufacturing environments. I am confident that his expertise in financial and strategic planning, combined with his results-oriented business leadership skills, will be of significant value to me and the senior management team as we all strive to achieve Albany’s objectives.

“As a valued member of the company’s senior management team for many years, and CFO and Treasurer since 2011, John Cozzolino has played a critical leadership role in managing the company’s capital structure and access to capital, overseeing investor and analyst communications, and negotiating and facilitating the transformative strategic transactions that helped bring Albany to where it is today. On behalf of the company and the Board, I thank him for his significant contributions and wish him all future success in his post-Albany career.”

Nolan said, “I am privileged to have the opportunity to join Albany as CFO and treasurer. I look forward to reaching out to our investors, analysts and banking partners, my new co-workers, the entire Albany organization, and the board over the coming days to introduce myself and establish a relationship with each of you. I am pleased to be able to join with Olivier and the other members of his management team to continue, and to further expand, the efforts already underway to deliver greater value to our customers and increased returns to our shareholders.”

Posted April 3, 2019

Source: Albany International Corp.

Kaman Receives Bell AH-1Z Blade Skin To Core Award

WICHITA, Kan. — April 1, 2019 — Kaman Composites Wichita (KCW), a division of Kaman Aerosystems (Kaman), announced today that it has been awarded the manufacture, and supply of composite skin to core assembly structural components for the Bell AH-1Z’s helicopter blades.

“This award further exemplifies Bell’s confidence in Kaman Composites Wichita as a leading aerospace composite structures supplier. We are proud that Bell has placed these flight critical components into our facility,” stated Mark Withrow, vice president and general manager, Kaman Composites U.S.

Bell has been successfully producing the AH-1Z helicopter for the U.S. Marine Corps at their Amarillo, Texas, manufacturing facility since 2003.

All composite detail parts and assemblies will be manufactured and delivered from the KCW facility in Wichita, Kansas. Deliveries will begin in 2019 and extend through 2023.

Posted April 3, 2019

Source: Kaman Composites Wichita

Ascend Performance Materials Receives Wildlife Habitat Council Conservation Certification®

HOUSTON — April 2, 2019 — Ascend Performance Materials announced today that its wildlife sanctuary maintained at the company’s Pensacola site has received the Wildlife Habitat Council Conservation Certification.

The Ascend Pensacola Plant Wildlife Sanctuary, first certified by the Wildlife Habitat Council in 1994, comprises 2,000 acres, 1,300 of which are primarily “undisturbed” land managed by employee volunteers.

“One of Ascend’s values is ‘we care,’ which means not only caring about our fellow employees but also caring about the communities we operate in and our environment,” said Sharhonda Owens, senior quality specialist for Ascend’s Pensacola site and Wildlife Sanctuary coordinator. “We’ve been in the Pensacola community for more than 50 years and we feel a strong sense of responsibility to leave things better today and tomorrow than when we came. Preserving the land and wildlife on it is personal for us.”

Volunteers manage the land with bluebird nest box monitoring, bat boxes, wildflower and pollinator beds, gopher tortoise nest monitoring, a white-tailed deer management program and a number of other conservation projects.

“The Ascend Pensacola Plant Wildlife Sanctuary is recognized as meeting the strict requirements of WHC Conservation Certification,” said Margaret O’Gorman, president of WHC. “Companies achieving WHC Conservation Certification, like Ascend Performance Materials, are environmental leaders, voluntarily managing their lands to support sustainable ecosystems and the communities that surround them.”

Ascend will be recognized at the 2019 WHC Conservation Conference in November and eligible for a WHC award.

Posted April 3, 2019

Source: Ascend Performance Materials

J.Jill Inc. Appoints Kelly Mooney To Board Of Directors

QUINCY, Mass. — April 3, 2019 — J.Jil Inc. today announced the appointment of Kelly Mooney to its board of directors, effective immediately.

“Kelly has a wealth of experience in customer insight, digital marketing and e-commerce, and I am truly excited to welcome her to J.Jill’s board of directors,” said Michael Rahamim, J.Jill’s chairman. “Her cutting-edge expertise in these crucial areas will be extremely valuable as J.Jill positions itself for growth.”

“I am honored to be joining J. Jill’s board of directors,” said Mooney. “I admire J.Jill’s commitment to its ongoing evolution as a brand and its focus on delivering exceptional omni-channel shopping experiences for women.”

Mooney joined IBM iX North America in September 2017 and served as chief experience officer until May 2018. Prior to this, Mooney held various executive roles for Resource/Ammirati, a digital marketing firm, including CEO; president; and chief experience officer and director of intelligence. Mooney helped grow Resource/Ammirati to be one of the largest independent and female-owned digital agencies in the U.S. by attracting numerous Fortune 500 clients. In 2016, Mooney and her partners sold Resource/Ammirati to IBM to become part of IBM iX, one of the largest digital consultancies in the world. Mooney is a member of the board of directors of Sally Beauty Holdings Inc., an international specialty retailer and distributor of professional beauty supplies.

Posted April 3, 2019

Source: J.Jill Inc.

Indorama Ventures Strategic Investment Into IRSL In India

BANGKOK — April 3, 2019 — Indorama Ventures Public Co. Ltd. (IVL), a global chemical producer, announced that it has completed the share purchase of 83,000,000 newly issued shares in Indo Rama Synthetics (India) Ltd. (IRSL), equaling to approximately 31.79 percent of IRSL’s enlarged share capital at the price of INR 36 per share. IRSL is a fiber manufacturing facility located in Nagpur, Maharashtra state, India. This facility has a combined capacity of 605,000 tonnes/annum, consisting of polyester chips, fibers and filament yarns.

IRSL is a strong strategic fit with IVL’s Fiber strategy in home and apparel, where the company focuses on building a low-cost position in Asian operations and leveraging innovation in high-margin growth markets. This strategic investment provides IVL entry into a large domestic market where local presence gives duty and logistic benefits.

IVL has already invested in India over three years in the PET business. India is the second largest polyester market in the world after China with consumption growing at about 7.0 percent per annum, with a population of 1.2 billion. India’s per capita consumption of polyester is about 3 kg, compared to 14 kg in China. This low level per capita consumption is expected to increase along with the rise in India’s per capita GDP, which will provide affluence-related consumption and opportunities for growing into more functional and High Value-added (HVA) products. IVL is in a strong position to benefit from this evolving trend, backed by its strong R&D capabilities.

The textile industry contributes 15 percent of India’s exports and employs 4 percent of the population and therefore has an important part in India’s industrial policy.

Aloke Lohia, group CEO of Indorama Ventures, said: “This strategic investment is another step in executing our strategies to position IVL for sustainable growth. India has been on our radar for some time. It is the only large domestic market for fibers where we are not present. The market for fiber in India is expected to grow exponentially and is still largely untapped.

India is the largest textile market and IRSL has a key position. The strategic investment is expected to grow shareholder returns. This market has a large, untapped potential that will be highly lucrative as it expands.

As a company listed in the Dow Jones Sustainability Index, we put the circular economy and sustainability as a priority. We will bring our knowledge and expertise of recycling to play a role in the creation of awareness and practices thus protect the environment and society.”

Posted April 3, 2019

Source: Indorama Ventures (IVL)

Martin Böschen New President Of BIR Textiles Division

BRUSSELS, Belgium — April 3, 2019 — The board of the BIR Textiles Division has appointed Martin Böschen as new divisional President.

Böschen is CEO of TEXAID AG, a charity-private partnership based in Switzerland focused on the collection, sorting and recycling of used textiles, with activities in several European countries. He has been working in this position since 2004 and has contributed to the development of TEXTAID from a local Swiss company to one of the leading organizations in the industry.

TEXAID, a long-standing BIR member, was founded as a charity-based private partnership by six Swiss aid organizations, along with a private partner and know-how providers. The group, which has more than 1,000 employees in six countries, implements efficient collecting logistics at its own sorting facilities in Switzerland and abroad, and achieves an annual group-wide collection volume of more than 80,000 metric tons.

In his capacity as Textiles Division President, Böschen is a member of the BIR Executive Committee and serves as vice president of the organization. BIR President Ranjit Baxi commented that he is very much looking forward to working with Böschen, whose knowledge of the business and the global challenges facing our industry will be a great asset to BIR and its leadership.

Böschen’s appointment was unanimously agreed by the divisional board at their last meeting in Brussels on 26th March 2019 and will be formally endorsed by delegates at the division’s next plenary meeting in Singapore in 2019.

Posted April 3, 2019

Source: BIR Textiles Division

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