Babcock & Wilcox Announces Management Transition

BARBERTON, Ohio — November 19, 2018 — Babcock & Wilcox Enterprises Inc. (B&W) announced today that Kenny Young has been appointed CEO of the Company, effective immediately. Leslie Kass, who has served as CEO since February 2018, is leaving B&W to pursue other opportunities. Additionally, B&W announced Lou Salamone has been appointed to serve as executive vice president of Finance and with the expectation that he will transition to the role of CFO in the near term. B&W also announced that Henry E. Bartoli will serve as chief strategy officer and will remain a member of the Board of Directors as a non-independent director. Robert Caruso will continue to serve as chief implementation officer.

The executive changes put in place a proven leadership team with a combination of turnaround expertise and power industry experience and are intended to unlock value from B&W’s various segments and lead to increased shareholder returns. The new management team has been granted equity awards that begin to vest when the price of B&W’s common stock reaches $2.25 per share.

“We thank Leslie for her efforts in reshaping the company’s various segments, accelerating the exit of a difficult European construction business, and relocating the corporate headquarters. We appreciate her support during this transition and wish her the best in her new endeavors,” said Matt Avril, chairman of the B&W Board of Directors.

“This is the next step in the Board’s efforts to increase equity value for all of our shareholders. Kenny and Lou led the successful turnaround at LCC International, a global telecom engineering and infrastructure services company, and we look forward to their contributions at Babcock & Wilcox,” added Avril. “Combined with Henry’s extensive industry experience, this new leadership team is intended to help the company leverage its broad capabilities while driving efforts to achieve improved financial performance for all of our stakeholders.”

“Babcock & Wilcox, through its employees and subsidiaries, has created tremendous brand equity and a unique market position. Unlocking our products and technical expertise, within each of our operational brands and segments, creates a competitive differentiation. I am excited to step into the role of chief executive officer,” said Mr. Young. “I look forward to working closely with our customers and employees in support of their efforts to drive and enhance product quality, improve our operational capabilities and create incremental value for our customers through higher levels of technology and performance. Henry, Lou and I have a great opportunity to leverage our financial and industry experience and are motivated to strengthen our business and generate greater returns for our shareholders.”

In the newly created position of chief strategy officer, Bartoli will advise the senior management team and oversee the execution of market and operational strategies across the company.

Young has more than 30 years of operational, financial, marketing and executive leadership experience. He currently serves as President of B. Riley Financial Inc. and CEO of B. Riley Principal Investments LLC, a wholly-owned subsidiary of B. Riley Financial. Previously, he served for seven years as president and CEO of LCC International Inc. In this role, he led a turnaround through various cost reductions and market expansions that yielded significant top and bottom line performance improvements.

Salamone has more than 25 years of experience as a chief financial officer of diversified public companies such as Nextel Communications, Applied Graphics Technologies and LCC International, Inc.; as well as with private equity-backed companies such as USi, GXS and, most recently, CityMD. Salamone was previously a partner at Deloitte & Touche.

Bartoli has more than 35 years of experience in all aspects of the global power industry. Most recently, Bartoli served as president and CEO of Hitachi Power Systems America Ltd. Previously, Bartoli held senior executive corporate positions at The Shaw Group, Foster Wheeler Corp., and Burns and Roe Enterprises Inc.

Posted November 19, 2018

Source: Babcock & Wilcox

Applied DNA And Eurofins BLC Sign Collaboration Agreement To Support Commercial Implementation Of Leather Traceability System

STONY BROOK, N.Y. — November 19, 2018 — Applied DNA Sciences Inc. announced today the signing of a collaboration agreement with Eurofins BLC Leather Technology Center LTD (BLC) to support the commercial implementation of Applied DNA’s SigNature® T-based leather traceability system. The signing of the Agreement follows the successful completion of the funded consortium research project with BLC as announced in May 2018.

Tony Benson, Applied DNA’s managing director with responsibility for Europe, Middle East and Africa (EMEA) commented: “We are thrilled to enter into this mutually beneficial relationship with BLC to advance the commercial implementation of our leather tagging system. BLC’s unparalleled knowledge in all aspects of leather processing, long-standing relationships with global brands, and its history of forward-thinking innovation makes them an ideal partner.”

Dr. James Hayward president and CEO of Applied DNA stated: “This agreement with BLC significantly enhances our position for the commercial implementation of our leather tagging system. We already have keen interest in the commercial adoption of our system from several project sponsors. We are targeting a defined goal of having 300,000,000 square feet of DNA-tagged leather under contract over the next five years. BLC’s knowledge in the industry and technical expertise will be invaluable to these efforts.”

Adam Hughes, managing director of Eurofins BLC Leather Technology stated: “There is a strong need within the leather industry to provide a robust system of traceability for semi-processed and finished leather. This cost-effective application system provides a process for applying a unique molecular tag in a way that is impossible to counterfeit. Eurofins BLC looks forward to supporting our customers in their journey towards supply chain transparency and traceability.”

Posted November 19, 2018

Source: Applied DNA Sciences

Rue21 Names Michael C. Appel CEO

WARRENDALE, Pa. — November 16, 2018 — r21 Holdings Inc. (rue21) announced that Michael C. Appel, currently chairman of the Board of the company, will assume the additional title of CEO, effective November 12, 2018.  Appel served as interim CEO from October 2017-June 2018.

Appel succeeds Laurie Van Brunt who served as president and CEO. Her departure was a mutual decision and she resigned.

According to the rue21 Board, “The Board of Directors of rue21 has asked Michael Appel to re-assume the senior leadership of the company as chief executive officer on a permanent basis. Our decision is based on the progress made under Michael’s leadership as Interim CEO, his successful recruitment of senior leadership, and retaining key management.”

Posted November 19, 2018

Source: rue21

J.Crew Announces CEO Transition

NEW YORK CITY — November 17, 2018 — J.Crew Group Inc. announced today that a mutual agreement has been reached by the Board of Directors and CEO James Brett, who will step down, effective immediately.

“Jim’s passion and experience brought new energy to J.Crew and enhanced our ability to relate to a broad range of consumers, and we thank him for his hard work and thoughtful contributions to position our Company for long-term success,” said the Board of Directors. “Building on Jim’s early progress, the leadership team remains committed to driving performance and results, as well as continuing to strengthen operations, enhance customer loyalty and extend brand reach.”

“Returning J.Crew to its iconic status required reinventing the brand to reflect the America of today with a more expansive, more inclusive fashion concept,” said Brett. “However, despite the recent brand relaunch already showing positive results, the Board and I were unable to bridge our beliefs on how to continue to evolve all aspects of the company.”

Brett’s responsibilities will be assumed by an Office of the CEO, comprised of four senior J.Crew executives who have significant operational and merchandising experience with successful retail brands: Michael Nicholson, president & COO; Adam Brotman, president & chief experience officer; Lynda Markoe, chief administrative officer; and, Libby Wadle, president of Madewell Brand. The Office of the CEO will manage the company’s operations as the Board works to establish a permanent management structure.

Biographies:

Michael Nicholson, 
president & COO

Nicholson has been the company’s president & COO since he joined the company on January 11, 2016. In addition, Nicholson served as the company’s CFO until August 23, 2017. Before joining J.Crew, he was executive vice president, COO, CFO and treasurer of ANN Inc. from December 2012 until August 2015. Previously, from 2007 to 2012, he served as executive vice president, CFO of ANN Inc. Prior to that, he spent seven years at Limited Brands Inc. holding various executive positions including executive vice president, COO and CFO for Victoria’s Secret Beauty Company. Earlier in his career, Nicholson held senior positions at Colgate Palmolive and Altria Group Inc.

Adam Brotman
, president & chief experience officer

Brotman has served as the company’s president & chief experience officer since joining the company in March 2018. Prior to joining the company, Brotman was executive vice president of Global Retail Operations and Partner Digital Engagement at Starbucks Corp. since 2016 and before that was chief digital officer and GM of Digital Ventures at Starbucks Corp. from April 2009.

Lynda Markoe
, chief administrative officer

Markoe has been the company’s chief administrative officer since September 14, 2017. She previously served as the company’s executive vice president, Human Resources since 2007 and before that she was vice president and then senior vice president, Human Resources since 2003. Before joining J.Crew, Markoe worked at The Gap Inc. where she held a variety of positions over 15 years.

Libby Wadle
, president, Madewell Brand

Wadle became president of Madewell Brand in May 2017. She had previously been president of J.Crew Brand since April 2013. Before that, she was the executive vice president of J.Crew Brand from 2011 to 2013, and executive vice president of Retail and Factory from 2010 to 2011, and was executive vice president of Factory and Madewell from 2007 to 2010. Before that, Wadle served as vice president and then senior vice president of J.Crew Factory. Prior to joining J.Crew, Wadle was division vice president of Women’s Merchandising at Coach Inc. from 2003 to 2004 and held various merchandising positions at The Gap Inc. from 1995 to 2003.

J.Crew will report results for the third quarter of fiscal 2018 on November 29, 2018. Last quarter, J.Crew announced the company’s return to positive comparable sales growth in its J.Crew brand for the first time in four years, as well as strong performance at Madewell, putting the brand on track to become a $1 billion brand.

Posted November 19, 2018

Source: J.Crew Group Inc.

RYU CEO Marcello Leone Broadcasts Live from the New York Stock Exchange to Announce Opening of Flagship NYC Store

VANCOUVER — November 19, 2018 —  RYU Apparel Inc. broadcasted live from the New York Stock Exchange yesterday to mark the launch of its flagship U.S. store.

Aired on Cheddar TV, Marcello Leone, CEO of RYU, proudly announced the opening of the New York store as a further step in his US expansion plans.

Cheddar TV is one of the most influential news channels in North America and is known as the “CNBC for millennials”, with a viewership of over 200 million.

Speaking to anchors Kristen Scholer and Tim Stenovec, Marcello noted the milestone of the US launch and spoke about what sets RYU apart from its competition. He said: “The sector is becoming very competitive so, today, brands need to make an emotional connection with their consumer.”

“The experience at retail is to try to build a community and give back to the community — milliennials want to be a part of something. Community is everything we stand for because it’s our purpose — it’s about respect and why the brand was started.”

RYU celebrated its launch with a pre-opening preview party on Thursday evening. The event attracted several hundred of NYC’s cultural and fashion community, including artists and dancers featured in the ‘Your Universe’ campaign.

The Williamsburg store is located at 76 N. 4th street in Brooklyn and will open shortly after the Thanksgiving holiday, allowing employees to spend time with their families ahead of the grand opening.

Posted November 19, 2018

Source: RYU Apparel

The Shade Store, Nate Berkus Launch Exclusive Fabrics For Custom Window Treatments

PORT CHESTER, N.Y.— November 19, 2018 — The Shade Store announced the launch of an exclusive collection of fabrics for drapery and Roman shades developed with Nate Berkus. The Nate Berkus for The Shade Store collection is now available in The Shade Store locations nationwide and online. This new collection builds upon an existing collection of roller shades that Berkus developed for The Shade Store in 2017.

“We are excited to build on our partnership and introduce a collection that brings Nate’s style and aesthetic to additional categories of custom window treatments,” said Ian Gibbs, cofounder and chief creative officer of The Shade Store. “We’re continually impressed with the design ideas that he brings to the table and we know that our customer base, and Nate’s fans, will be equally thrilled with his foray into textiles for drapery and Roman shades.”

The new collection of minimal prints are inspired by Berkus’ travel, and things he collects. The designs showcase a modern interpretation of classic techniques such as block printing, painting and hand-drawing paired with a neutral color palette featuring muted pinks, browns, teals and grays to create a collection that is versatile and easy to live with.

“For my first foray into designing material specifically for drapery and Roman shades, I wanted to create sophisticated patterns that feel accessible to a multitude of customers and maximize the natural cotton fabric,” said Berkus. “I was inspired by the diamond and starburst motifs that were common in French 1930’s and 40’s décor and developed a palette that allows those styles to work well with any room.”

“Working with The Shade Store is a true partnership,” added Berkus. “They have given me the freedom to create a collection that reflects the design elements that I love along with the guidance and industry expertise that comes with their market leadership.”

The Nate Berkus for The Shade Store expanded collection will be offered at all 65 of The Shade Store showrooms nationwide as well as online at www.theshadestore.com where consumers and designers can choose free swatches to plan for their custom window treatments, with rendering services and design experts available to help. Every order from The Shade Store is hand-crafted in the USA and ships free in 10 days or less. The Shade Store also offers a network of measure and install professionals around the country to help make the custom window treatment process truly simple.

Posted November 19, 2018

Source: The Shade Store

ANDRITZ To Supply Spunlace Plant To Sheng Hung, Taiwan

GRAZ, Austria — November 19, 2018 — International technology Group ANDRITZ has received an order from Sheng Hung Industrial Co. Ltd., based in Taiwan, to supply a complete spunlace plant to be installed at its site in Taoyuan. This latest investment is now Sheng Hung’s fourth ANDRITZ spunlace line and it will enable the company to further innovate its product offerings for specialty nonwovens and heavyweight fabrics. The line will start production in the second quarter of 2019.

The flexible, crosslapped web-forming plant delivered by ANDRITZ will produce multiple grades from 30 to 400 grams per square meter and will be equipped with an engineered, high-quality aperturing/patterning solution delivered together with a Jetlace Avantage C hydroentanglement unit. The line will be completed by an efficient neXdry Avantage through-air dryer and an ANDRITZ filtration system, and thus will be able to meet the stringent local environmental requirements.

Over the past 60 years, Sheng Hung has become a market leader in the Far East for value-added, engineered nonwovens in the fields of medicine, synthetic leather, stretchable webs, and recently developed, unique fabrics for fine-art printing with a proprietary technology and used in interior decoration. “We are expanding our business opportunities while maintaining our core competences in order to create added value for our products. Our advanced quality control management and environmentally friendly products are also certified according to ISO-14001 and ISO-50001,” said Keynese S. C. Chen, president of Sheng Hung.

Posted November 19, 2018

Source: ANDRITZ AG

Totes Isotoner Corp. Upgrades To Gerber’s YuniquePLM® For Improved Collaboration

TOLLAND, Conn. — November 19, 2018 — Collaborating across companies with large product lines helps decrease the time from design concept to store shelf. Technology for collaboration has evolved over time to help facilitate cooperation across product lines and geographies. “It was imperative with our upgrade from webPDM™ to YuniquePLM that collaboration continues to be easy and speed up product development,” said Donna Kohring, manager, systems development for Totes Isotoner Corp.

Totes Isotoner Corp. is an international umbrella, footwear, and cold weather accessory supplier. The company is based in Cincinnati, Ohio. Totes is the largest supplier of umbrellas in the world with divisions in the United States, Canada, United Kingdom and France.

“We are eager to complete Totes Isotoner’s upgrade to YuniquePLM. They have been a fantastic, long-standing customer of Gerber,” stated Bill Brewster, vice president and general manager, enterprise software solutions at Gerber. “With the recent enhancements to YuniquePLM over the last few years, everyone from designers to production can collaborate seamlessly to deliver products to market quicker.”

YuniquePLM product lifecycle management software serves as a central repository of critical data and eliminates problems companies often face when using multiple excel spreadsheets, email or tracking documents to communicate throughout the stages of product development and management. YuniquePLM creates a single version of the truth, connecting a company’s creative process with their supply chain and production processes.

Posted November 19, 2018

Source: Gerber Technology

Beaulieu International Group Announces Global Price Increases For Its Engineered Products

WIELSBEKE, Belgium — November 19, 2018 — Beaulieu Engineered Products announced global price increases across its Fibres, Yarns and Technical Textiles divisions effective as of January 1, 2019, or as contract terms allow.

The move follows on-going significant increases in energy, raw material and delivery costs.

Sales representatives will contact customers individually over the coming weeks to discuss the impact of the price changes on their specific products.

Karena Cancilleri, Vice President of Beaulieu Engineered Products, commented: “Through the price increases, Beaulieu Engineered Products will be able to maintain the level of innovative and reliable support our customers expect. At the same time, our three divisions will continue to look at ways to improve their operations to limit the effect of any further internal cost increases on customers.”

Posted November 19, 2018

Source: Beaulieu International Group

Monforts Technology Behind Denim Innovations In London

MÖNCHENGLADBACH, Germany — November 16, 2018 — A significant number of Monforts denim manufacturing customers will be heading over to the United Kingdom next month, when Denim Première Vision is held in London for the very first time.

The event takes place December 5-6, at the historic Old Truman Brewery on Brick Lane, in London’s completely regenerated and thriving East End.

Dating back to 1666 — notoriously the year of the Great Fire of London — the Old Truman Brewery is now home to a hive of creative businesses, as well as exclusively independent shops, galleries, markets, bars and restaurants, and an extensive exhibition center.

The Première Vision team is looking to create a similar atmosphere to that achieved in Paris in November 2017, when the Denim Pop Up Street was held each evening after the Denim PV show in the Paris Marais neighborhood. This drew sizeable crowds to the boutiques of atelier brands and artists, along with workshops, galleries, shopping and bars.

Eco Applicator

Among exhibitors at the December 2018 London edition of Denim Première Vision will be major players from India and Pakistan — the two countries which have come to dominate the global market for denim fabric and denim jeans production over the past ten years.

Spearheading a lead in sustainable denim production are companies such as Pakistan’s Soorty and India’s Arvind — both of whom have recently installed Monforts Eco Applicators at their denim manufacturing mills.

As an alternative to conventional padding, especially for wet-in-wet solutions, the Monforts Eco Applicator can significantly reduce the thermal energy required for drying prior to the stretching and skewing of the denim fabric.

In many textile mills globally, the cost of energy for running integrated manufacturing lines — especially those for fabric finishing that can involve numerous sequences of heating and subsequent drying — is now eclipsing the cost of paying people to operate them.

The ability of the Eco Applicator to significantly reduce energy costs has seen it rapidly accepted on the market.

Soorty is a major producer of denim fabric and jeans, now employing some 22,000 people across its operations, which are largely based in Karachi, Pakistan. It has recently established a new, award-winning garment making-up department and office in Bangladesh, as well as a design studio in Amsterdam. Among its prestigious clients are C&A, Calvin Klein, Dorothy Perkins, Esprit, H&M, Lee, Mango, Tommy Hilfiger, Tom Tailor and Zara.

The installation of an Eco Applicator was made by Soorty two years ago, as part of the opening of a second denim manufacturing plant in Karachi which increased the company’s finished woven denim capacity to some 5.5 million meters a month.

The Eco-Applicator immediately slashed the company’s denim finishing costs, as verified by an in-depth sustainable production study carried out with the Swiss-based chemicals giant Archroma.

“Sustainable denim is our passion and we are investing more and more in order to achieve our objectives,” explained the company’s Senior Marketing and Product Development Manager Mansoor Bilal.

Eco Line

Monforts is now going a stage further in addressing resource efficiency by combining the Eco Applicator with its ThermoStretch unit in the latest Eco Line concept.

The Monforts ThermoStretch unit carries out the skewing (weft straightening), stretching and drying in a continuous process.

“The Eco Line system reduces energy requirements and losses, increases thermal transfer and keeps the drying energy on the textile material longer,” said Monforts Area Sales Director and Head of Product Management for Denim Hans Wroblowski. “As a result significant energy savings are being achieved.”

Arvind has recently installed India’s first integrated Monforts Eco Line which can handle fabric widths of 1.8 meters and operate at high speeds of up to 80 meters per minute. It is operating alongside four Montex foam finishing tenters, which are also able to handle this same width of material.

The Eco Line system reduces energy losses and energy use, increases thermal transfer and keeps the drying energy on the textile material longer, so that it can be used very efficiently. As a result, energy savings of up to 50 percent can be achieved. Exhaust air energy can also be reduced to a minimum, which has a positive effect on the emission load into the atmosphere.

Arvind’s current annual denim capacity is now 110 million meters and some key initiatives have been specifically aimed at reducing the use of energy, water and chemicals.

Monforts meanwhile plans to introduce further innovations for denim during 2019.

Posted November 16, 2018

Source: A. Monforts Textilmaschinen GmbH & Co. KG

1...1,3771,3781,379...2,660Page 1,378 of 2,660

Sponsors

Breaking News

Load more

Digital Issue

2026 Quarterly Issue III

View Latest Digital Issue

FEATURED ARTICLES

© Copyright 2017 Textile Industries Media Group, LLC.