Xerium Technologies To Be Acquired By Andritz For $13.50 Per Share

YOUNGSVILLE, N.C. — June 24, 2018 — Xerium Technologies Inc. and Andritz AG today announced that they have entered into a definitive merger agreement under which Andritz will acquire Xerium for $13.50 per share in an all-cash transaction. This price per share represents a premium of 146.8 percent to the unaffected share price prior to the announcement by Xerium of a review of strategic alternatives on March 19, 2018. Two of Xerium’s largest stockholders, Carl Marks Management Co. and Wynnefield Capital, which together represent approximately 20 percent of Xerium’s outstanding common stock, have entered into a voting agreement with Andritz to support the merger.

James Wilson, chairman of the Xerium Board, said: “This transaction represents a great outcome for Xerium stockholders, and is a reflection of the effort and accomplishment of our employees. It is also a major step forward for the company’s long-term business competitiveness and ability to serve customers.”

Mark Staton, Xerium’s president and CEO, said: “We are very excited about this coming together with Andritz. Their prestigious reputation in our industry, as well as their true global scale, provides a compelling opportunity for our own global workforce. I am convinced that Andritz will be a great long term owner of Xerium.”

Completion of the transaction is subject to approval by Xerium’s stockholders, regulatory approvals, and other customary closing conditions. The parties expect to close the transaction during the second half of 2018.

TN Capital Advisors LLC (True North) served as exclusive financial advisor to Xerium for this transaction, and Latham & Watkins LLP served as legal advisor to Xerium.

Posted June 25, 2018

Source: Xerium Technologies

Xeros® Cleaning Technologies Is Now Hydrofinity™

SHEFFIELD, England — June 25, 2018 — Xeros® Cleaning Technologies, the developer of water-saving commercial laundry solutions for hotels and commercial laundries, today announced it is changing its name to Hydrofinity™ from July 10. The company expects the name change to be implemented in all the countries where it is active by August 2018, and is previewing its new brand identity at the Hotel Show Africa in Johannesburg South Africa, 24-26 June.

“Our choice of new company name represents our key objective of helping to sustain the world’s water supplies for current and future generations. We must work to tackle global water crises now and can no longer take water for granted,” said Mike Ferrand, managing director, Hydrofinity.

“The name is new, but the value we bring remains the same. We are driven by the principle that water is essential and precious,” said Caroline Crossland, marketing director, Hydrofinity. “And by helping our customers reduce their environmental footprint while creating substantial cost efficiencies in their laundry operations, we begin to change the conversation in commercial laundry to a focus on water conversation and ongoing sustainability.”

Hydrofinity uses cutting-edge sustainable cleaning and fabric care technologies provided by Xeros Technology Group. Compared to traditional machines, the near-waterless Hydrofinity wash process replaces up to 85 percent of water with XOrbs™. These unique spheres employ a gentle yet effective mechanical wash action on linens, ensuring powerful stain removal results for a visibly superior clean. XOrbs can even wash in ambient temperature water, eliminating the need to heat water, creating additional energy savings and keeping linens looking newer for longer. XOrbs last for up to a thousand washes before needing to be replaced, and are collected by the company to be recycled.

Sustainability is now an integral component of hospitality business strategies. Increased water rates, greater environmental awareness among travelers, and a continued focus on cost and operational efficiencies have hotels looking at all aspects of their operations, including laundry. Hoteliers investing in emerging conservation technologies are reaping cost and operational benefits while lowering their environmental footprint and meeting sustainability targets.

Posted June 25, 2018

Source: Hydrofinity

PolyMirae, A LyondellBasell Joint Venture, To Expand Its Polypropylene Capacity By 400,000 Tons/Year In South Korea

HOUSTON/HONG KONG — June 25, 2018 — PolyMirae Co. Ltd. announced today that it would establish a joint venture with SK Advanced in South Korea. The joint venture intends to build a new 400,000 ton/year polypropylene plant to serve customers in Asia. The plant will be located in the southeastern port city of Ulsan and is dependent on regulatory filings and permitting reviews.

PolyMirae is a joint venture 50 percent owned by LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and 50 percent owned by Daelim, a construction and petrochemical company in South Korea.

Construction on the project will begin in January 2019 and operations at the plant will begin in the first half of 2021.

“Through direct investment or through a joint venture such as PolyMirae, we continue to build production capacity to serve rapidly growing end markets in Asia,” said James Seward, vice president of Joint Ventures and International Marketing at LyondellBasell. “With the addition of this joint venture’s capacity, PolyMirae will ensure that automotive manufacturers in South Korea and throughout Asia will continue to be able to locally source the polypropylene they need to advance the next generation of fuel efficient vehicles, and that LyondellBasell will gain access to additional export volumes to ensure our global production footprint will continue to grow alongside our customer base.”

The new polypropylene plant will be one of the largest of its kind in Asia and will utilize LyondellBasell’s industry-leading Spheripol technology. Polypropylene manufactured at the joint venture will be sold to customers in South Korea and exported throughout Asia for use in automotive components, injection molding, blow molding and packaging film. Some of the polypropylene will also be sold to compounding companies in South Korea and the broader region.

PolyMirae is a 50/50 joint venture between LyondellBasell and Daelim. The new company will be a joint venture between PolyMirae and SK Advanced.

Posted June 25, 2018

Source: LyondellBasell

Pindler Announces The Release Of Two New Luxurious Collections 

MOORPARK, Calif. — June 25, 2018 — Pindler, an international wholesaler of decorative fabrics, has announced the release of two new collections — In The Details and the Exclusive Wanderlust Collection.

“We’re delighted to launch these new, luxurious collections,” said Pindler Design Manager Sarah Williamson. “The In The Details and Wanderlust collections bring trend-inspiring, in-demand design elements — decorative trims and vibrant colors — to the design trade. We’re looking forward to seeing the creative ways they are used by interior designers.”

The two collections are detailed below:

1) In The Details is an elegant grouping of decorative transitional trims and tapes that are ready-to-use. Made with luxurious linens, touches of sophisticated metallic, and unique techniques and constructions, the collection blends together all design aesthetics to offer many options for added embellishment in a variety of versatile colors and designs.

2) The Exclusive Wanderlust Collection is selection of five fabric designs — all exclusive to Pindler — that draw inspiration from the feeling of wanderlust. It is made with a combination of vibrant colors and natural tones that are perfect for creating a bold, beautiful indoor setting. Woven and embellished with natural yarns such as cotton, linen and wool, this collection is contemporized and has a global appeal.

In The Details and the Exclusive Wanderlust Collection are currently available at Pindler’s 16 corporate showrooms and seven agent showroom locations across the country as well as three agent showrooms in Canada.

Posted June 25, 2018

Source: Pindler

Tommy John To Expand Retail Footprint With Simon®

NEW YORK CITY — June 25, 2018 — Simon today announced Tommy John will open its second store at SouthPark, Charlotte’s definitive leader for luxury shopping.

The Tommy John store at SouthPark will welcome customers later this summer in 3,000 square feet between Neiman Marcus and Belk and will feature their recently-launched women’s line. Tommy John’s arrival in the Queen City comes on the heels of the brand’s first store which debuted last October at Simon’s iconic King of Prussia in suburban Philadelphia.

“We’ve spent the last 10 years reimagining the fabric, fit and function of underwear and apparel,” says Tom Patterson, founder and CEO of Tommy John. “We’ve designed products that solve the problems men and women have with their underwear and apparel. Now we’re expanding our focus to solve the problems men and women have in the physical retail space by simplifying the experience to make it a more intuitive and enjoyable experience for customers. We’ve seen great success at King of Prussia and are excited to bring Tommy John to SouthPark.”

The new store at SouthPark was designed by Stewart Schafer, the team behind Tommy John’s 1,600 square-foot store at King of Prussia. The space was conceived to ease product discovery and includes a comfort lounge and bar serving complimentary Prosecco and local beer to elevate the shopping experience.

Simon has supported Tommy John’s physical store development with the help of their New Business Team which works closely with online brands to go from ‘Clicks to Bricks.’ Simon’s dedicated team supports all aspects of a brand’s physical launch from store design to development and marketing, leveraging a network of retail experts.

“We’re confident that Tommy John will resonate with the SouthPark shopper just as it has at King of Prussia,” said Zachary Beloff, Simon’s National Director of Business Development. “We’ve worked hard with Tommy John’s team in leveraging customer and sales data to strategically choose these locations with more to come in the future.”

“SouthPark is the perfect location for our second retail store,” adds Erin Fujimoto, co-founder of Tommy John. “We’re thrilled to join the ranks of leading brands and bring our unique shopping experience to our loyal customers in Charlotte.”

Posted June 25, 2018

Source: Simon

New, Completely Energy-Neutral Company Premises For Texo Trade Services (TTS), On Account Of Growth

WADDINXVEEN, The Netherlands — June 25, 2018 — TTS (Texo Trade Services), a specialist in transfer print media and large-format printable textiles, has started on the construction of its new company premises. A doubling of the number of employees, a strongly-growing international client base, a quadrupling of turnover in the space of ten years and the desire to lead in service provision and innovation comprise the reason for the move. The modern, completely energy-neutral building of 6,000 square meters (m2) in size will be erected in the Gouwe Park industrial estate in Moordrecht, right in the bustling heart of the Randstad, and strategically situated at the Dutch A20/A12 intersection. After ten successful years at the Coenecoop business park in Waddinxveen, the expectation is that TTS will move in March 2019.

New services, a step up in speed and efficiency


In recent decades, TTS has grown enormously in terms of digitally-printable textile media for visual communication, digital sublimation paper and silk-screen transfer paper. The new building gives TTS room to continue satisfying the demand and to grow still further in this. There will be room for bringing certain production stages in-house, such as the wrapping and cutting of paper and textiles in accordance with the client’s wishes. And thereby, clients will find that TTS is a one-stop-shop from now on. In the new sample production facility, clients will be provided with samples more quickly and easily, which will further benefit the service provision. New too is the demo room, with various Mimaki printers, Monti calendars and transfer presses. Here, TTS can test new products and bring them to market faster. Besides that, a loading dock ensures that containers and goods vehicles can be handled more quickly and efficiently.

Energy-neutral
TTS attaches great importance to sustainability, and is therefore making its new building completely energy-neutral. This is made possible through the application of underfloor heating, air circulation with heat exchangers and very good insulation in combination with solar panels. In total, the building has a surface area of 6,000 m2: 5,000 m2 of warehouse/commercial space twelve metres in height and 1,000 m2 of office space and demo space.

Anticipating future developments and demand 
With the new building, TTS will be ready for the future. Floris Jan van den Heuvel, director of TTS, said: “We expect that the market for digital textile printing will continue to grow worldwide. Particularly in segments like retail and stand construction, more and more textiles will be used for the decor. But companies which print textiles for the fashion or interior design segments are also moving over to digital production. Beyond that, the applications for digital sublimation printing are continuing to grow in the market for promotional items. Think in terms of mugs, hand towels, key cords and floor mats. Since we will have more storage capacity and an efficient warehouse in our new building, we can operate more quickly and at lower costs, and respond to the growing demand from the market.”

Posted June 25, 2018

Source: Texo Trade Services (TTS)

Hyosung Features Lifestyle And Sustainable Fabrics With 2020 Textile Trends At Interfeliere Paris Mode City July 7-9, 2018

SEOUL, South Korea  — June 25, 2018 — Hyosung will showcase lifestyle and sustainable fabrics for swimwear, lingerie and activewear including:

  • New range of creora® Color+ dyeable spandex with higher power for deeper, darker colors with better compression in new shapewear, bras and activewear pants;
  • New 30/34 denier mipan® Aqua-X cooling, moisture management nylon with creora® fresh spandex for 24/7 performance in sports bras and shapewear;
  • New 20/68 denier MIPAN nylon for sensually soft,  featherweight fabrics for intimates;
  • Mipan® Regen recycled nylon with creora® highclo™ super chlorine resistant spandex, ideal for swim to gym longevity;
  • New collection of creora® eco-soft with dope dyed modal for loungewear and yoga inspired garments; and
  • New collection of creora® Fresh for multifunctional base layer and shapewear.

“As consumers seek multi-functional, comfortable apparel to support their active lifestyles, we continue to partner with global brands and retailers to provide customized innovation in fibers, fabrics and garments,” shared Mike Simko, Globlal  marketing director. “In addition, with sustainability and increased speed to market a minimum expectation, Hyosung helps customers integrate textile trends and fiber innovation through our new fabric development center to create prototype fabrics and garments.”

Intimate Apparel Trends 2020:

Majestic

Sensational touch comes to the forefront, delivering luxurious appeal with all-embracing applications using creora® spandex. Compact and precise, there is a sense of opulence from the hand feel, as fabrics with different levels of power caress the body. Color is injected to update delicate basics and to create engineered constructions for unrivaled appeal to the consumer. Ethereal knits are so fine, they effortlessly glide and embrace the skin, with powdery touch for a magical, cosmetic feel for all applications.

Next Gen

Today’s consumer wants an enhanced silhouette from shapewear with comfort and high levels performance plus an injection of decorative appeal and color. Shapewear is taking its traditional technology teamed with today’s functional yarns and knitting techniques in creating a next generation offering. Clean cut warp knit and anti-roll circular knits provide a smooth finish as VPL is eliminated. Shape wear is also reaching to new areas, not just designed to briefs, panties and thigh-slimming, butt-lifting shorts, and new engineered bras, with lift, support, and enhanced comfort by eliminating the traditional underwire.

Bountiful

With an increase in sports, health and wellbeing, the consumer continues to embark on an array of activities, including high level impact to leisurely weekend wear intimates and essential styles for active lifestyles. The classic sports bra is now reaching a new level of delivery, as traditional lingerie techniques merge with performance fibers and fabrics. Pulling from the activewear sector, these yarns deliver moisture management, UV protection, quick dry and superb fit plus comfort level from creora® Fresh anti-odor spandex.

Swimwear trends 2020:

INFINITY

Longevity drives the pro and fitness swimwear market, where creora® highclo™ is the essential super chlorine resistant spandex/elastane. Lightweight circular and warp knits with perfect compact surfaces reduce drag in the water and enhance the swimmer’s performance.  A high level of technicity features, as the fabrics proposed withstand the rigor of pushing through, instead effortlessly glide during swimming. Fabric weights are light, literally second skin in application for an unlimited experience.

HORIZON

A natural inspiration defines this direction, as a natural touch through to nature’s sensational colors feature. Warp and circular knit fabrics reach new levels of touch in matte and bright results. Fabrics take on a patina, subtly glazed with wet look and calendared finishes. Micro brushed surfaces and air textured yarns deliver a strong tactile appeal, subtly sueded through to liquid-like ethereal hands. The natural nuance of this direction leads to a strong sustainable appeal, with recycled REGEN polyester and creora® highclo pushing an eco angle

SOUL

In homage to the great outdoors, this direction takes on a superbly strong sustainable issue with Mipan regen recycled nylon and Regen recycled polyester with creora spandex. Swimwear features, but this direction is also about the lifestyle experience. The Millennials, eco conscious to the core, want the best they can get to pursue their activities and expect their brands to deliver on a sustainable level. Enjoying ocean pursuits from surfing to supping, the cross over appeal of this direction should be noted in active living collections, as coordinated collections feature, featuring cellulosic that require creora® eco-soft low heat settable spandex that saves energy in production.

Posted June 25, 2018

Source: Hyosung Corp.

Devan Launches Natural Technology To Make Textiles Free From Pet Allergens

RONSE, Belgium — June 25, 2018 — Devan Chemicals recently launched a technology to make textiles free from allergens shed by cats and dogs. Purissimo™ is a probiotic-based solution and therefore completely natural. The technology was inspired by their experience with Purotex®, a successful allergen reduction solution that has been used in bedding for more than ten years.

Over the past few decades, pets have been climbing up the social ladder and have moved from outdoor protectors to indoor family members. The American Pet Products Association estimates that 65-percent of U.S. households own a pet, with cats and dogs being the most popular ones. In Europe, more than 30 percent of the households own a pet. Although the data are not unequivocal, researchers believe this increasingly close contact between humans and pets and the resulting higher allergen exposures might be a reason for the increase in pet allergies.

Purissimo™

Since many studies have suggested that allergic diseases have increased in frequency, Devan thought it was about time someone came up with a solution. Purissimo is a natural technology, inspired by Devan’s years of experience with Purotex, a very successful allergen reduction technology that is being used in the bedding industry for more than ten years. With a significant reduction in the house dust mite population of more than 99 percent, Purotex has proven to be an effective, preventive strategy for reducing allergic diseases related to house dust mites.

But, unfortunately allergies are not limited to beds and house dust mites alone, and so Devan started exploring what further could be done to reduce health problems related to allergic reactions. After months of testing, the company came out with a solution for allergies triggered by pets such as cats (cat allergen Fel d 1) and dogs (dog allergen Can f 1). Test results show a significant reduction of 92.8 percent on the amount of cat hair allergen Fel d1 found in treated samples. The technology is based on probiotic bacteria and therefore, completely natural.

Probiotics

First, inactive probiotic bacteria are encapsulated into microcapsules. These microcapsules are then integrated into textiles. When the fabric is exposed to friction, the microcapsules break open and release the spores. The spores absorb humidity, are then transformed into probiotic bacteria and start to consume the organic matter which contains the various allergens that cause allergic reactions and asthma.

Since pet allergens are also found in homes where there aren’t any pets (because of dispersion by adherence to textile surfaces such as clothing and shoes), Devan’s solution could be used to treat household textiles such as carpets, curtains, upholstery fabrics, etc., resulting in a clean, fresh and allergen-free environment. Also think of car blankets and other pet blankets. And not only in our homes, but also in public spaces like schools, hospitals, libraries, etc., this technology could be used to prevent the dispersion of pet allergens and the ‘second-hand’ exposure that comes along with it.

Posted June 25, 2018

Source: Devan Chemicals NV

Avgol Brings A New Dimension To Nonwovens With Launch Of Waveform 3D™ Technology

TEL-AVIV, Israel — June 25, 2018 — Avgol is to launch a new 3-D concept for fabrics to extend innovation capabilities in hygiene applications.

Waveform 3D™ Technology is a process that enables the modification of nonwoven fabrics for the baby diaper, adult incontinence and feminine hygiene markets. The technology enables varying three-dimensional profiles to be incorporated into Avgol’s range of standard and custom designed fabrics to further enhance performance and comfort for consumers.

Through using this technology, beneficial fiber structures with distinctive surface patterns can be imparted. This generates a three-dimensional composition within flat fabrics, providing a number of additional benefits including advanced skin wellness, increased cushioning and enhanced cotton-feel. Thanks to combination with Avgol’s ‘FIT’ family of technologies, specially designed precursor fabrics can be used which then result in further enhanced liquid management qualities.

Nick Carter, director, Market Business Intelligence and Intellectual Property, at Avgol, said: “Investment in Waveform 3D Technology enables Avgol to offer high-performance nonwoven fabrics without compromising comfort. The ability to choose whether to use solid, apertured or combination patterns allows the product designer to truly tailor a solution for their application including how the fabric feels, how the fabric functions and how the fabric looks.

“Waveform 3DTechnology is part of an exciting programme of novel solutions to meet the ever-evolving regional needs of our customers and deliver added value through leading-edge developments, quality and service.”

Posted June 25, 2018

Source: Avgol Nonwovens™

International Exchange With Approximately 150 Guests At The Third Groz-Beckert Textile Symposium “The Fabric Year”

ALBSTADT, Germany — June 25, 2018 — On Tuesday, June 19, 2018, Groz-Beckert invited international guests to Albstadt for the textile symposium for the third time. Under the title “The Fabric Year 2018”, the company provided insights into the current market developments. Around 150 guests from more than 20 countries from Asia, America and Europe followed the invitation.

Eric Schöller, member of the Executive Board Groz-Beckert, who opened the Fabric Year, welcomed the participants. The first presentation of the day was given by Dr. Josef Braml, Deutsche Gesellschaft für Auswärtige Politik e. V., and focused on the global competition between the USA and China, as well as the implications for Europe.

Andreas Engelhardt, Groz-Beckert Product Marketing and Innovation, then presented key messages from his established yearbook “The Fiber Year”, which he has been publishing as the owner of the company of the same name for many years. He reported that the global fiber industry achieved a growth of around 4 percent in 2017, after four years of falling growth rates. Although synthetic fibers continued to build on their prominent market position in the sector, natural fibers also experienced a more dynamic growth — a development that has not been seen since 2001.

Once the foundations had been laid with the extracts from the Fiber Year, Andreas Engelhardt and Martin Weiler, Groz-Beckert Market Research, moved on with the Fabric Year with the observations of the development and the current status of the national fiber and fabric production — always divided into knitted and woven fabric, as well as nonwovens. The markets in Vietnam and Indonesia were addressed first. An important common feature of both markets was the growing dependency on imports of fiber material, which is particularly relevant in light of the extremely dynamic expansion in fabric production.

This information was the ideal basis for the subsequent presentation held by Gail Strickler, President of Global Trade Brookfield Associates. She was a key player in the negotiations for the Trans Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) for textile-related issues and has been active in the private textile sector for many years. Her presentation addressed the Transpacific Partnership from the Asian perspective, the status of negotiations and the expected implications of the agreement for the global textile trade.

Over the course of the day, Andreas Engelhardt and Martin Weiler gave insights into the developments of further key textile markets. The developments in China, India and Bangladesh, as well as the USA, were outlined in a block of presentations. A second presentation from Gail Strickler followed on the topic of the United States. In this presentation, she provided exciting insights into the US trade policy and the status of negotiations for the North American Free Trade Agreement (NAFTA).

There then followed a detailed examination of the markets in Germany, Italy and Turkey. Production in Germany has stabilized over the past few years at a comparatively high level and the textile industry in Italy — as a renowned fashion center in Europe — has also experienced a revival recently. An interesting outlook on the Italian fashion market was also provided by Dr. Davide Bonassi from the Italian Hosiery Association.

Engelhardt and Weiler completed the block of presentations with a worldwide summary, complete with an outlook through to 2022. Growth potential has been highlighted for all fabric production technologies, with particularly high growth levels in knitwear and nonwovens.

The “The Fabric Year 2018” concluded with an evening buffet dinner, which offered space for discussions and exchanges.

Posted June 25, 2018

Source: Groz-Beckert

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