Hyosung Chairman Cho Hyun-Joon Convenes Vietnam Co. Board Meeting To Step Up Conversion To Holding Company

SEOUL — November 1, 2018 — Hyosung Chairman Cho Hyun-Joon convened a board meeting of Hyosung Vietnam Co. on October 26, where he fixed procedures to convert it into a holding company.

He explained the remaining proceedings for the changeover of the company to a holding company, and collected opinions from inside and outside directors in the meeting. He also accounted for a decision to pay more than 4,000 won in cash dividends to Hyosung shareholders for 2018, and vowed to continue business activities to return part of profits to shareholders.

After the meeting, the chairman visited the site of a polypropylene plant under construction in Ba Ria-Vung Tau Province in southern Vietnam with the directors, inspected the production process of the plant and discussed an infrastructure investment plan with related officials.

“Hyosung will sharpen its competitiveness to hold the global markets all the time by utilizing the expertise of Hyosung Corp., which is the holding company of Hyosung Group, and newly established affiliates,” Hyosung Chairman Cho Hyun-Joon said. “By doing so, we will firmly carry out a management policy to raise business and shareholder values, and at the same time give part of profits back to our shareholders.”

Posted November 1, 2018

Source: Hyosung Corp.

Unifi Announces New Stock Repurchase Program

GREENSBORO, N.C. — October 31, 2018 — Unifi Inc. today announced that the board of directors had approved a new stock repurchase program under which the company is authorized to repurchase up to $50 million of the company’s common stock. Stock repurchases will be made from time-to-time in the open market at prevailing market prices, through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, stock price, applicable legal requirements and other factors. This stock repurchase program is discretionary and has no expiration date. The board of directors also terminated the company’s prior stock repurchase program, which was approved by the board in April 2014.

Posted November 1, 2018

Source: Unifi Inc.

Christel Aarts Interview On Lace Trends

OBERTSHAUSEN, Germany — November 1, 2018 — As the world shifts, so does lace – but where are they going to? The fashion expert, Christel Aarts, provides some of the answers.

Since its early beginnings in the 15th century, lace has been used to embellish, seduce and beguile. At that time, the fabric between the embroidered areas was removed, leaving behind only the white embroidery. Over the years, these delicate fabrics have changed many times. Now more than ever, it is worth taking a new look at lace. Modern yarns, high-tech machines and optimized finishing processes are offering completely new design possibilities, thus opening up the potential for new applications and business fields. This sector is on the move – from lingerie to sportswear, from the shelves in women’s boutiques to the collections in menswear shops, from creating traditional decorative effects to making a functional fashion statement. Something that was once just an idea has now become a reality. KWP’s editor, Ulrike Schlenker, spoke recently to the innovations consultant, Christel Aarts, when they discussed where this journey is leading.

Ulrike Schlenker: Digitization is bringing about change in all areas of our social life, for example, communication via social media. Are there any mega trends that are having an influence on both our clothing but particularly on lace?

Cristel Aarts: In the past, fashion trends were set by designers and industry gatekeepers, such as buyers in the large retail chains and magazine editors. Digitisation and social media have re-distributed power in the industry towards the average consumer and social media influencers. The average consumer has instant access to every trend, can view catwalks in real-time from their couch, and purchase an outfit that a blogger posts directly from their phone. The industry is aware of this re-distribution of power, and access to the end consumer has become vital. As end consumers, we like to think that accessing all this information allows us to express ourselves in a more individualistic manner. However, I believe the reverse is true. Social media steer us towards the same imagery, fashion trends are more global rather than local, and we see more and more hypes.

Digitization has allowed for visualisation of the product. For clothing to be noticed, there are aspects such as colour/contrast and prints that have more visual impact on a screen. Lace, with its patterns, colours and textures, also has a strong visual impact, and is therefore perfectly suited to visualisation on the Internet.

Reducing the cost of lace, thanks to new technology, has allowed customers with different budgets to embrace lace products, and continuous innovation will allow for lace to become a more mainstream product, which can be adapted to different product categories.

Schlenker: Speaking of product categories: athleisure, swimtimates, the pyjama dress… everyone talks of a genre mix. Nevertheless, lace details only appeared sporadically in the pure sportswear collections presented at this year’s OutDoor exhibition in Friedrichshafen and ISPO in Munich. What level of performance does lace need to have in order to find its way into sportswear?

Aarts: In recent years, we have seen a huge shift in the acceptance of lace in outerwear. While in the past, lace was mainly limited to couture, lingerie, bridal and nightwear, we have seen a revolution in the way lace is accepted as the main material in outerwear, as well as the acceptance of lingerie/nightwear style garments as outerwear garments. No doubt, this is influencing its acceptance in sportswear.

However, for lace to become a breakthrough product in performance sportswear we would have to re-think the concept of lace. That would mean looking at how lace products could add additional value comparatively to the current materials available for sportswear, what properties the material should have, and finally how it should look. In particular, functional properties, which optimise the thermal physiology and comfort against the skin, should be considered. The freedom you have in lace design could be used, for example, to support movement through an optimal combination of stretch and compressive structures, allow for breathability and, in the near future, incorporate wearable electronics that monitor performance. From a design perspective, you might want to consider moving away from the typical floral execution towards a more graphic, logo-inspired execution.

Schlenker: Is there a way to make lace attractive for men’s clothing, for example by using graphic designs?

Aarts: Lace is generally associated with fragile, refined, seductive and sensual characteristics, words that do not evoke a typical masculine association. However, if we look at long-term trends, we see that gender roles are becoming less defined and more overlapping. This will have an impact on how we dress and what we find acceptable. For women in the West, a more masculine, tougher dress code has long been accepted. For men, we have seen in the last 20 years a huge change in the acceptance of skincare and beauty products, as well as a general focus on appearance and the way men style themselves. As a result, a more feminine dress code for men is slowly becoming more acceptable. Formal dressing, such as wedding suits and shirts, might be a first thought, but the biggest opportunity could potentially lie in sportswear, if we can really re-think the concept of lace and change the way lace performs, feels on the skin, and looks visually.

Schlenker: About the topic “re-think the concept of lace”: what would you as an innovations consultant want from a machine manufacturer?

Aarts: From a design perspective I would like maximum flexibility and adaptability to different yarns, textures and patterning techniques, whilst of course maintaining technical standards and cost targets. From an innovation perspective, I would love to see machinery that is flexible, can deal with small quantities or even allow for custom-made designs, where the focus is on sustainability and quality rather than cost.

Posted November 1, 2018

Source:  KARL MAYER Textilmaschinenfabrik GmbH

HeiQ And Patagonia Expand Their Partnership With HeiQ Fresh Tech

ZÜRICH, Switzerland/VENTURA, Calif. — November 1, 2018 — HeiQ and sustainable outdoor clothing brand Patagonia have expanded their 2017 partnership to include HeiQ Fresh Tech odor control technology, with best-in-class performances.

Recent consumer research shows that 72 percent of shoppers are interested in odor control technology in activewear. As we are social animals, humans want to be close to others without having to worry about bad smell on our apparel from ourselves or our surroundings.

To expand on the Patagonia/HeiQ partnership, and as part of the R&D partnership launched in 2017, Patagonia will begin using HeiQ Fresh Tech odor control in its Fall 2019 collection.

“While we were happy with our previous odor control solution, we were able to develop a better solution as part of our R&D Partnership with HeiQ. We are always looking to improve quality of our products, and HeiQ Fresh Tech will help us meet our consumers demands.” said Matt Dwyer, director of material innovation and development at Patagonia. “We are excited to continue to expand our partnership with HeiQ to develop sustainable textile finishes.”

HeiQ Fresh Tech is a family of highly versatile and effective odor-preventing and odor-absorbing textile technologies that continue to be effective even after prolonged use and frequent washings. This product family is comprised of technologies that either prevent odor from emerging, absorb odor from the surroundings, or take both into action.

“We are confident our HeiQ Fresh Tech solution will be a great addition to the Patagonia product line, and will create the highest value possible for the consumer,” said Carlo Centonze, HeiQ CEO. He added, “The Patagonia and HeiQ partnership is based on our shared vision that technology can perfect our every-day textile products.”

Posted November 1, 2018

Source:  HeiQ Materials AG

Web Industries Names Andrew O’Connor Vice President Of Quality

MARLBOROUGH, Mass. — November 1, 2018 — Web Industries Inc., a precision formatter of flexible materials and provider of outsource manufacturing services, has appointed Andrew O’Connor to the position of vice president of quality. In this role, O’Connor will provide leadership and accountability for all quality resources across Web Industries. He is based at Web’s Marlborough, Mass., corporate headquarters and reports to President and COO Mark Pihl.

As the leader for quality across the entire organization, O’Connor will work collaboratively with Web’s operations and quality managers to establish a quality vision and strategy based on a prevention-centered approach. He will support the company’s employee-owners by providing them with the training, resources and tools to succeed. In the coming months, O’Conner will assess all of Web’s major facilities and evaluate the company’s current quality performance in order to further enhance Web’s quality management system.

“Achieving the highest quality standards is fundamental to Web’s business strategy and brand,” says Pihl. “As we evolve into a technology-driven company developing highly engineered solutions, Andy O’Connor will provide critical leadership. He will support the company’s initiative to embrace a prevention-based, rather than reactive, approach to quality.”

Before joining Web, O’Connor held a series of increasingly responsible positions with Rolls-Royce Corporation focusing on corporate culture, continuous improvement and customer quality. Most recently, he was global director of quality, health, safety and environment, as well as business improvement for Rolls-Royce Naval Marine. O’Connor holds a Bachelor of Science in Mechanical Engineering from the University of Notre Dame.

Posted November 1, 2018

Source:  Web Industries

Alvanon Launches MOTIF Platform To Foster Online Learning

NEW YORK CITY — October 31, 2018 — Global fashion company Alvanon is set to launch MOTIF, a unique apparel knowledge and continual e-learning hub that will help solve the skills’ gap within the global apparel industry. Alvanon’s motif.org platform will give apparel industry practitioners online access to training, professional development and mentorship from the industry’s most successful and seasoned professionals.

MOTIF will initially launch with four interactive courses from three course publishers, including Alvanon, Textile and Fashion Industry Training Centre (TAF.tc) and Pratt’s Brooklyn Fashion + Design Accelerator (Pratt BF+DA). Initial courses on offer are Apparel Costing; Mechanics of Fit; Sustainability in Fashion; and The Fit Form: A Critical Standard for Product Development. Users will be able to complete the courses at their own pace with on-demand videos, interactive exercises and assessments. Future courses will cover topics such as 3D, Sizing, Textiles and Product Development and the course publisher list will quickly expand to include subject matter experts from around the globe. MOTIF also plans to partner with universities and associations as it grows.

“MOTIF’s mission is to empower industry professionals with critical skills to readily apply in their job and to further their careers, as well as helps apparel organizations with onboarding and upskilling training materials and assessment tools suitable for new and old employees. We are tackling a critical industry need that surfaced in our 2018 State of Skills Report,” explained Catherine Cole, executive director, MOTIF.

Alvanon enlisted the support of 50 companies, from large brands to specialist players across the fashion supply chain, on their beta platform to test MOTIF courses and the user-learning experience. The end-user feedback was leveraged to fine-tune the design of the motif.org learning environment. Alvanon invites apparel companies and fashion professionals to register and start exploring the optimized online MOTIF courses.

“Education has long been part of the DNA of Alvanon,” explained Janice Wang, CEO, Alvanon. “Technology has always been a catalyst for transformation in apparel. Alvanon’s founder Dr. Kenneth Wang was fascinated by the power of technologies to transform the world of sizing, lift limits on creativity and commerce, and open vast new horizons of opportunity.” She added, “I’m delighted to announce the launch of MOTIF – it uses the most advanced technologies to deliver an e-learning environment that will develop and nurture the skills our industry so desperately needs and will help future proof businesses in a rapidly evolving world.”

Posted October 31, 2018

Source:  Alvanon

The Board Of Directors Of Rieter Holding Has Appointed Carsten Liske Head Business Group Machines & Systems

WINTERTHUR, Switzerland  — October 31, 2018 — The Board of Directors of Rieter Holding AG has appointed Carsten Liske as head of the Business Group Machines & Systems effective January 1, 2019.

Carsten Liske has been with Rieter since 2009. In January 2015, he was appointed to the Group Executive Committee as head of the newly formed Business Group After Sales. He has successfully built up the business group and with this contributed significantly to the development of the Rieter Group. Before, he was in charge of Global Operations and the subsidiary in China at Rieter’s Business Group Machines & Systems.

Carsten Liske will take over from CEO Norbert Klapper who holds this position since October 1, 2018, on an interim basis.

Details about the succession arrangements regarding the Business Group After Sales shall be provided in due course.

In other news, the Business Group Components — including the acquisition of SSM Textile Machinery — increased order intake to 205.1 million Swiss francs (2017: 159.1 million Swiss francs), a growth of 29 percent.

In the third quarter of 2018, order intake was 66.0 million Swiss francs (Q3 2017: 66.8 million Swiss francs). For Components, compared to the prior year period order intake in the key markets of China, India and the Asian countries (excluding China, India and Turkey) was generally stable in the third quarter of 2018.

Posted October 31, 2018

Source: Rieter

Indorama Ventures Takes Major Step Towards A Circular Economy

BANGKOK, Thailand — October 31, 2018 — Indorama Ventures Public Co. Ltd. (IVL), headquartered in Thailand has committed to further increase its use of post-consumer polyethylene terephthalate (PET) and polyester waste materials as feedstock for the future.

Commenting on the recent global agreement to combat plastic waste, led by the Ellen MacArthur Foundation, Aloke Lohia, group CEO of Indorama Ventures, said:

“We are proud to be part of the Ellen MacArthur Foundation’s New Plastic Economy initiatives, and to work together with key players towards the vision of a circular economy for plastics. It is important for us to be able to offer added value to our customers with our product, while protecting the environment in the best possible way. This is a key step to help us achieve our aspiration of being a world-class chemical company making great products for society.

Global solutions are needed to address the root causes of plastic waste and pollution. We believes there is more to be done to ensure the positive role of a good and sustainable chemical company.

Posted October 31, 2018

Source: IVL

My Size’s MySizeID™ Smart Body Measurement SDK Is Now Available For iOS Devices

AIRPORT CITY, Israel — October 30, 2018 — My Size, Inc., the developer and creator of smartphone measurement applications, announced today that its MySizeID™ smart body measurement software development kit (SDK), which management believes provides accurate measurement capabilities, is now available for integration with any iOS application. The Company has also announced an increase in compression by 30 percent, allowing for faster sizing recommendations.

MySizeID SDK, the core technology behind the Company’s MySizeID smart body measurement application, can be embedded into any company’s existing or white label mobile app and begin taking accurate body measurements within minutes. Using the MySizeID SDK, a retailer can empower its customers to build a fit profile of their personal body measurements that will produce size recommendations in-app for appropriate fitting apparel.

The Company’s proprietary and patent-pending algorithms utilize a smartphone’s sensors, combined with anthropometric data, to accurately calculate an individual’s body measurements through a few simple movements of a mobile device. Along with retail and apparel, the MySizeID SDK has further applications within the insurance and consumer healthcare industries that the Company is currently pursuing.

“We are pleased to make MySizeID SDK available for integration on iOS devices and to empower online retailers to provide their customers with a more personalized shopping experience. MySizeID can be easily integrated within a retailer’s iOS app, providing a powerful smart measurement solution that decreases size-based returns and increases customer loyalty,” said My Size CEO, Ronen Luzon. “By making the MySizeID SDK publicly available on iOS, we are able to expand the use of our technology within fashion and retail on a global scale, putting the technology directly into the hands of the millions of online retailers selling apparel across the world.”

MySizeID SDK enables retailers to upload their sizing charts to the cloud, where they are compared against user measurements to recommend sizing for specific apparel items. The MySizeID SDK integrates seamlessly in to any iOS app to provide powerful measurement solutions without losing the look and feel of the retailer’s original storefront technology. The MySizeID™ SDK will soon be available for Android devices as well.

Smartphones have become an integral tool within online retail, as 62 percent of smartphone users globally have made an online purchase using a mobile device within the last six months. Mobile phones play an especially important role in online retail user experience, as 40 percent of users will turn to a competitor after a poor mobile shopping experience. The availability of My Size Body for iOS will make MySizeID™ available to more than 700 million iPhone users worldwide.

Posted October 31, 2018

Source: My Size Inc.

Kraig Biocraft Laboratories Selects New High Performance Recombinant Spider Silk For Delivery To US ARMY

ANN ARBOR, Mich. — October 30, 2018 — Kraig Biocraft Laboratories Inc., a developer of spider silk based fibers, announces today that, working under its contract with the U.S. Army, it developed a strain of genetically engineered silkworms that better match the physical properties required for applications in protective textiles.

Tentatively called Dragon Silk 2.0, this new strain is the next evolution in the development of protective fibers, built upon the company’s existing Dragon Silk, and is a further example of the company’s ability to adapt and tailor the properties of its recombinant spider silk materials to meet end market performance requirements. Through the use of its fiber performance testing capabilities, paired with a select breeding program, the company created a strain that is stronger, yet less elastic, than the original Dragon Silk.

Specifically created in response to input from the Army, based on requirements for antiballistic applications, this new strain of recombinant spider silk silkworms is the second phase of the company’s development agreement with the Army. Kraig Labs delivered shootpack panels to the Army, earlier this summer, made of its original Dragon Silk material and those panels are awaiting testing.

“When the Army chose to award the second phase of this project we knew that we were given a great opportunity to prove the power of our technology and our approach using silkworms,” said COO, Jon Rice. “Today we’re thrilled to announce that our work was a success and that we now have a line of silkworms that produce a recombinant spider silk better matched for the demands of protective textile applications. We expect this new strain will play a critical role in our expansion and commercialization of spider silk far beyond the market for bullet proof vests.”

Over the next several months Kraig Labs plans to scale up the production of this new recombinant spider silk fiber at the company’s domestic facility, in order to fulfill the second phase deliverables to the Army.

Posted October 30, 2018

Source: Kraig Biocraft Laboratories Inc.

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