Indorama Ventures Enters Into A Joint Venture To Acquire The Integrated PTA-PET Assets In Corpus Christi, Texas

BANGKOK, Thailand — March 21, 2018 — Corpus Christi Polymers LLC (CC Polymers) — a newly-formed joint venture between Alpek S.A.B. de C.V.; Indorama Ventures Holdings LP a subsidiary of Indorama Ventures Public Co. Ltd.; and Far Eastern Investment (Holding) Ltd. — has entered into an asset purchase agreement with M&G USA Corp. and its affiliated debtors whereby CC Polymers will acquire the integrated PTA-PET plant currently under construction in Corpus Christi, Texas, certain M&G intellectual property, and a desalination/boiler plant providing water and steam needs to the Corpus Christi Project. The purchase agreement provides M&G with a binding bid of $1.125 billion in cash and other capital contributions.

The Corpus Christi Project is an integrated PTA-PET plant currently under development that, when completed, will have nominal capacity of 1.1 million and 1.3 million metric tons per year of PET and PTA, respectively. The plant is expected to be the largest single line vertically integrated PTA-PET production facility in the world and the largest PTA plant in the Americas.

Pursuant to the terms of the newly formed joint venture:

The parties will provide resources to CC Polymers to complete the project in the most efficient and cost effective way. A timeline for project completion will be communicated at a later stage.

Each of Alpek, Indorama, and Far Eastern will have the right to receive one-third of the capacity of PTA and PET produced at the Corpus Christi Project upon completion. Each party will independently procure its raw materials and will independently sell and distribute their corresponding PTA and PET.

The closing of the transaction is subject to conditions precedent including approval by the bankruptcy court and applicable governmental authorities.

PJT Partners is serving as financial advisor and Weil, Gotshal & Manges LLP is serving as legal advisor to Alpek. HSBC is serving as financial advisor and Lowenstein Sandler LLP is serving as legal advisor to Indorama. Morgan Stanley is serving as financial advisor and Duane Morris LLP is serving as legal advisor to Far Eastern.

Posted March 21, 2018

Source: Indorama Ventures

 

ITM 2018 Exhibitor Preview: Mayer & Cie.

ALBSTADT, Germany — March 21, 2018 — The Germany-based circular knitting machine manufacturer Mayer & Cie. (MCT) is exhibiting three machines at this year’s ITM International Textile Machinery fair in Istanbul from April 14-17. The company’s aim is to highlight its products and its corporate philosophy in a convincing display. Premium manufacturer Mayer & Cie. is featuring the Relanit 3.2 HS and the D4 2.2 II, both of which are established machines, while the OVJA 2.4 EM is a new addition to the MCT product range in the mattress ticking segment. An info stand will present the latest innovation, spinitsystems spinning and knitting technology.

“’Traditionally one step ahead’ is one of our company’s central guidelines,” says Wolfgang Müller, head of sales and marketing at Mayer & Cie. “We go to great effort to maintain our lead that we have earned in more than 100 years of company history. That enables us to offer our customers tried and tested, state-of-the-art technologies while at the same time constantly developing completely new approaches such as, for example, spinitsystems technology.”

Well-known bestsellers for a strong sales market

The Relanit 3.2 HS that Mayer & Cie. is exhibiting in Istanbul is one of the company’s most popular models. It is the latest member of the Relanit family of machines that use relative technology. This technology, 30 years old this year, is characterised by gentle yarn processing and high productivity. Knitting pure cotton, the Relanit 3.2 HS with a 30-inch diameter reaches a speed of up to 50 rpm, i.e. speedfactor 1,500. Also, when knitting elastomer yarns, the machine is both impressively fast and highly reliable. “In Turkey,” says sales manager Müller, “demand for Relanit machines has always been very strong. The Relanit 3.2 HS enables us to continue writing this success story.”

Thanks to its many fields of application and exceptional fabric quality, D4 2.2 II enjoys wide international popularity, too. It offers highest quality for rib, interlock and 8-lock-structures. Using an especially developed conversion kit, D4 2.2 II produces spacer fabric of a unique quality. The range of applications for which D4 2.2 II produces the desired fabrics include underwear, sports- and leisurewear just as much as lining for shoes and decoration.

Mayer & Cie. is exhibiting open-width frame versions of all three machines at the ITM. The OVJA 2.4 EM will be on show in a raised frame, for fabric rolls of up to a diameter of 600 mm. This is due to mattress cover fabrics’ generally higher material thickness.

New machine for a potent niche market

The OVJA 2.4 EM is a new machine designed especially for the mattress ticking market’s changing demands. It focusses on maximising output of standard mattress cover fabrics. The machine achieves this goal by combining a higher number of feeders (2.4 per inch) and a higher speed (up to 25 rpm with 
38 ‘’). The machine is based on the tried and trusted OVJA 2.4 E. Although OVJA 2.4 EM focuses on maximising production, it still offers a wide range of mattress cover designs. Thanks to its single needle selection, design changes can be done quickly. The result is a highly productive, easy-to-handle machine that promises to meet the requirements of Turkish Mayer & Cie. customers in respect of quality, productivity and profitability.

New opportunities with spinitsystems

The spinitsystems team will have an info stand in Istanbul at which to present its innovation and explain the opportunities that it opens up for customers. Mayer & Cie. sees good prospects on the Bosporus for its new technology that combines spinning and knitting in one machine. Turkey is not only the home of a highly developed textile industry but also an important cotton producer. Both points, especially in combination, are important starting points for spinitsystems.

Posted March 21, 2018

Source: Mayer & Cie.

TeXtreme® Expands Product Line With The ±45° Grid Fabric

BORÅS, Sweden — March 21, 2018 — TeXtreme® is proud to announce the latest addition to its line of Spread Tow products, the  ±45° Grid fabric. This new version of TeXtreme Spread Tow fabric will further broaden the ability to optimize Spread Tow solutions for new applications and markets.

TeXtreme Spread Tow Grid can be highly tailored to meet specific needs such as increasing torsional stiffness with minimum weight increase or enabling radio transmittency through the fabric’s opening. This new grid material can be used in monolithic structures as well as for sandwich skins in either a prepregged form or dry form for infusion. Because of its extremely low 21 grams per square meter areal weight, this version of the dry grid material can be wet out by capturing excess resin from its neighboring prepreg plies.

Andreas Martsman, vice president, marketing & sales, Oxeon, said: “We are very pleased to introduce another innovative extension of the TeXtreme product family. We believe that this development brings a great value to our customers as we will be able to further optimize the reinforcement solution for each application. I am sure this new TeXtreme version will also unveil new opportunities in an even broader spectrum of applications.”

Even though the Grid fabric has designed gaps which resemble a lattice, its characteristics are similar to other TeXtreme Spread Tow reinforcements. By using the Grid fabric by itself or in combination with the other products in the TeXtreme family, optimized reinforcement solutions can be created which enable customers to reduce the weight of their products without sacrificing mechanical properties. The new grid fabric offers excellent stability while handling and can be either manually or automatically cut or handled while being prepregged in standard hot melt processes.

Andreas Martsman continued, “We work in close cooperation with our clients, providing them with technical support which starts with selecting the optimal reinforcement structure and allof the steps up to and including the production process. During this support, we saw a demand for even lighter fabrics, so we decided to invest in and develop this new technology. The range of TeXtreme Grid products further strengthens our position as market leaders in the Advanced Carbon Reinforcement Technology and will give us an even greater flexibility to meet all customer needs”

Posted March 21, 2018

Source: Oxeon AB

Clo® Insulation Launches Vivo Product Line To The North American Outdoor Market

NORWICH, England — March 2018 — Clo Insulation, developer of highly breathable insulation for performance wear, has launched Vivo products for the North American market. Showcasing at the Meteorite Winter Adventure Camp held in late January in Boulder, Colorado, Vivo garnered the attention of notable media outlets and leading outdoor apparel manufacturers.

“We’ve heard from many publications and distinguished apparel brands that they’ve yet to see anything as breathable, warm, or comfortable as Vivo,” said Toby Harvey, head of global sales at Clo Insulation. “And we’re receiving a lot of interest from outdoor brands, largely due to Vivo’s unique, unrivaled design.”

Vivo is designed as an ultra-lightweight insulation with specialized apertures. The strategically placed holes trap warm air while also allowing moisture to move away from the body quickly. In fact, lab testing has proven Vivo can increase breathability by up to 30 percent without affecting thermal performance, which in turn enhances warmth and comfort.

“Vivo’s innovative design is important for what we call the ‘Paradox of Warmth,’” said Harvey. “Poor insulation can actually leave you cold. For instance, when you go skiing or hiking, you’re exerting a lot of energy and therefore sweating, but if your jacket can’t breathe, the sweat lingers along your skin. And because it can’t escape, it ultimately cools, making you cold as well, thereby affecting your performance, comfort, and, frankly, your personal safety.”

Vivo is already the staple insulation for leading European sportswear and couture brands. Now, given Vivo’s showing at the Meteorite Winter Adventure Camp, many well-known North American apparel brands have begun to express their desire to employ Vivo in their upcoming garments.

Today, outdoor apparel and sportswear manufacturers can choose from three Vivo products:

  • Vivo Eco—made with 90 percent recycled fibers, its flexible yet stable structure provides excellent comfort.
  • Vivo Teknica—provides the perfect balance between breathability and warmth plus an edge in performance.
  • Vivo Veluti—delivers a luxury feel while also being super breathable and lightweight.

Vivo has won numerous textile innovation awards, including multiple ISPO Textrends Top 10 honors. Clo Insulation is slated to unveil more Vivo products and innovations throughout 2018 and 2019.

Posted March 20, 2018

Source: Clo Insulation

Call For Papers Announced For Global Composites Conference

ARLINGTON, Va. — March 20th, 2018 — The Global Composites Conference, jointly hosted by NetComposites and the American Composites Manufacturers Association (AMCA), will take place at Caesars Palace in Las Vegas June 27-28, 2018.

Final abstracts are now being accepted on subjects relating to the advancements and use of composite materials worldwide to include, but not limited to:

  • Global composites industry trends;
  • Global composites technology trends;
  • Building global networks;
  • Finance and investment in the composites industry;
  • Expanding into new territories; and
  • Global sales and marketing, quality management and workforce.

Presentations will reach an international audience of professional end-users, decision makers, consultants and divisional heads.

Please submit a 250-word abstract via the form below and educate visitors on high growth areas such as the United States, China, Brazil and the Middle East.

The closing date for abstracts is March 29, 2018 and these can be submitted online via http://globalcompositesconference.com/call-for-papers.

Sponsorship and exhibition packages are still available in a variety of packages to suit all budgets, providing an opportunity to engage with the conference audience, whilst benefiting from added online presence.

Posted March 20, 2018

Source: The American Composites Manufacturers Association (ACMA)

EXENTA PLM REVO Revolutionizes Fashion PLM User Experience/Mobility

NEW YORK CITY — March 20, 2018 — EXENTA the innovator in next-generation information technology solutions for the fashion and consumer goods industries, announces the all-new EXENTA™ PLM REVO™ Product Lifecycle Management (PLM) solution. Benefitting from an intelligent mobile-first design strategy, the advanced software provides a rich, image-driven environment that promises to revolutionize the PLM user experience for desktop and mobile users alike. The cloud-native application can be deployed either as a standalone PLM solution or fully integrated with the Exenta ENTERPRISE suite of business solutions.

“We are excited to bring this revolutionary new PLM approach to our industry,” explained Exenta president and CEO Roberto Mangual. “The traditionally complex user experience and limited mobility of PLM have held companies back for too long. With this breakthrough, we are freeing all design, development, sourcing teams, and business partners to work more visually and do more with mobile devices. This will extend the use of PLM to all stakeholders and simplify global deployment.”

Representing a revolution in PLM, the cloud/web-based PLM REVO streamlines system setup and use by reducing data entry and maintenance, automating work tasks and processes, and simplifying system security through role and team policies. It also offers built-in commenting tools like those found in social media apps to foster improved communications and collaboration. A top-down approach to managing tasks, calendars, and workflow help teams and vendors meet market-ready dates.

PLM REVO also works with the Exenta Design Plug-in for Adobe® Illustrator® that enhances design creativity and productivity by empowering designers to launch new concepts and access or add materials, colors, designs and other PLM content all right from within the popular design software.

According to Mangual, “By making PLM more accessible and practical for designers, mobile users, supply chain partners, and executives, companies can look forward to faster time to market, improved style adoption rates, and greater on-time delivery performance through PLM REVO.”

Attendees to the May 22-24 Texprocess Americas trade show in Atlanta can be among the first to get a hands-on demonstration of the new PLM REVO solution in Exenta Booth #941.

Posted March 20, 2018

Source: EXENTA

Teamwork Reimagined:
 Lectra Connected Design And Lectra Connected Development

PARIS  — March 20th, 2018 — Lectra, the technological partner for companies using fabrics and leather, introduces collaborative solutions specifically developed for design and product development teams, enabling fashion companies to affront tighter deadlines and handle wider product mixes with speed and serenity.

With the rise of e-commerce, digitally dependent consumers expect personalized, innovative fashion delivered to their doorstep at the click of a mouse.

Fashion companies are struggling to keep up with consumer demands and looking for new ways to speed up design and development without compromising quality. Design teams work faster than ever to deliver fresh, eye-catching collections. Product development teams rush to transform new designs into consumer-ready products. Given the accelerated pace of the fashion marketplace, information sharing has become vital for these teams.

Lectra has developed two new solutions to fulfill the specific needs of these teams, Lectra Connected Design and Lectra Connected Development. These solutions deliver collaborative environments that integrate business applications to aggregate, standardize and store data from all design and product development stages. These innovative solutions make every-day working life less stressful by allowing criteria-based searches, inciting users to capitalize on data links, and providing them with innovative tools and services to speed up their processes.

Lectra Connected Design facilitates collaboration between textile and fashion designers, colorists, graphic designers, technical designers and their managers by providing design teams with a connected environment. Team members can access the platform via their Lectra Kaledo® design software and Adobe® Creative Cloud, share inspiration and review collections together or upload inspirations via dedicated mobile apps. This solution gives users the visibility needed to streamline, automate and monitor the entire design process to ensure that they remain creative under severe time constraints.

In the same way, Lectra Connected Development connects patternmakers, graders, technical design teams, managers, cost and margin specialists, marker makers and sample teams through data. It allows team members to connect through Lectra Modaris® 2-D and 3-D patternmaking software and Lectra Diamino® Fashion marker-making software. Thanks to the wide range of standard libraries and mobile applications provided, teams will improve the efficiency of technical specifications creation. The automation of business processes and real-time communication allow product development teams to avoid errors and deliver the right product quality and fit.

“We recognize first and foremost that today’s fashion industry professionals need to feel well-equipped and at ease in order to perform well under tight deadlines,” explained Céline Choussy Bedouet, chief marketing and communications officer, Lectra. “We are confident that by introducing a new and easy way of collaborating through sound data management, both offers will help design and product development teams work faster and more easily to build quality into the products they design and develop. That way, they can reach their fullest potential as key contributors to their companies’ success.”

Posted March 20, 2018

Source: Lectra

Integrated Data Analysis With USTER® TESTER 6 Brings Multiple Advantages For Owners, Managers And Yarn Sellers

USTER, Switzerland — March 20th, 2018 — The practical benefits delivered by USTER® TESTER 6 range from assured quality control to expert process analysis and optimization of the entire spinning mill with the Total Testing Center. It’s no surprise, therefore, that this sixth generation of the renowned USTER® tester has already earned widespread acclaim across every discipline of the yarn manufacturing sector.

In less than three years since its introduction, USTER® TESTER 6 has earned positive feedback from spinning mill quality managers for automatic data analysis and alerting features provided by Assistant Q. Production managers appreciate the facility for connection with other USTER® testing and monitoring instruments to offer detailed guidance on process improvements, integrated throughout all mill operations. At the top level, mill owners report great satisfaction with their investment in USTER® TESTER 6 as a means to boosting staff performance in the drive towards managing the spinning mill with quality in mind. Ultimately, it’s a risk-reducing guarantee of success – especially important in a highly-competitive market such as Turkey.

The benefits of the USTER® TESTER 6 are also impressing professionals at the next stage of the yarn business: the traders and sales people tasked with linking yarn production to the paying customers downstream.

At the forthcoming ITM 2018 exhibition in Turkey, the USTER® TESTER 6 will be showcased to all these groups from the yarn business, with USTER specialists ready to present the only evenness tester with numerous deal-making advantages, including the three specific areas highlighted here.

Pilling prognosis passes the test

Pilling trials carried out manually at the fabric stage consume both time and money – and even then, assessments are based on the subjective views of the operators. But it’s different with Assistant Q: he provides objective grading of the yarn, with accurate and instant results. His prognosis relies on data and algorithms developed on thousands of samples. The grades have been proven in blind testing, so yarn sellers can rely on them.

An Indian spinner facing a severe quality claim decided to put the accuracy of predictions by human operators and Assistant Q to the test. The spinner had complaints about low pilling resistance in knitted fabric made from a Ne 30 100% combed cotton ring spun yarn. The mill sent samples of knitted fabrics – made of yarns produced from three different cotton bale laydowns – to an institute, for testing with the pilling box method. At the same time, yarn samples of the same three different cotton mixes were sent to the USTER® laboratories for a blind test. This was a task for Assistant Q, who provides data-based pilling grades as an integral part of the Total Testing Center of USTER® TESTER 6.

The correlation between the pilling resistance grades determined by Assistant Q and those identified with the pilling tests was impressive, capturing the changes in the fiber mix that affected pilling behavior. The accurate and reliable data measured by the different sensors of USTER® TESTER 6 means that Assistant Q always has a significant advantage over human assessors in predicting pilling.

Fabric appearance forecasting with the Total Testing Center

Since data can be used to forecast how a fabric will behave under friction stress, could it also be the basis of a fabric appearance analysis? Yes, it is possible to estimate the look of a fabric with the Total Testing Center – in fact it is achieved in a single step when testing the yarn quality parameters with the USTER® TESTER 6.

Eray Aydok, a yarn trader within Biska, considers it essential that seller and buyer are talking about the same standards. So he uses USTER® STATISTICS – when technical data for yarn parameters is required – which are appreciated as the common language of yarn quality. He regards grade information, including a picture of the predicted fabric appearance, as the best tool possible, and a ‘language’ which can’t be misunderstood. “My customers love to see the finished fabric from the yarn they are going to buy right away, without waiting for test results. The fabric appearance grades influence trust positively and instantly. They ensure that the deal is based on mutual understanding,” says Aydok.

The big Qs for weaving performance

The Total Testing Center has become a unique business tool, transforming data into practical choices for quality yarns and profitable production. A final set of questions needs to be answered by yarn sellers. How satisfied will the weaver be with the performance of the yarn? Will the quality be good enough to meet his production efficiency goals? Weaving performance can be predicted with a combination of strength testing parameters from USTER® TENSOJET 4 and yarn quality parameters from USTER® QUANTUM 3 yarn clearers. This is possible only with the Total Testing Center, as data can be connected to 100% online quality parameters measured with the third-generation USTER® yarn clearers, in the core of the USTER® TESTER 6. By analyzing test data from the two different sources, weak places can be reliably detected and the weaving behavior of the yarn predicted. The weaving performance grade allows yarn producers to identify batches with a high risk of yarn breaks during weaving. On a scale with one to five Qs (grades), yarn sellers can easily communicate to weavers the expected performance of the yarn in their fabric production. Pilling and fabric appearance grades are visualized in the same way with the Qs.

Pilling, fabric appearance and weaving performance are among the Total Testing Center features to be highlighted at the USTER booth at ITM 2018 (Hall 3, booth 309B). USTER is excited to present the concept of the Total Testing Center, highlighting to mill owners, operators, managers, technicians and yarn sellers the specific benefits they can expect. “USTER is convinced that the quality and production efficiency assurance provided with the Total Testing Center is a valuable success factor in a competitive market environment like Turkey. This advantage can be further driven on the one hand by the advanced alerting system – which simplifies the job of the mill personnel to secure quality – and on the other by a completely new system which allows the management to focus on fast and informed decision-making. For these and many other reasons, we are confident that the industry’s appreciation of the USTER® TESTER 6 will surely grow,” says Andreas Tanner, Executive Vice President Sales and Service within Uster Technologies.

Posted March 20, 2018

Source: Uster Technologies AG

Aero OpCo To Partner With ABG On Nautica Brand Operations

NEW YORK — March 20th, 2018 — Aero OpCo LLC, the operating partner for Aéropostale®, today announced that Authentic Brands Group, LLC (ABG) which has signed a definitive agreement to purchase the Nautica® brand from VF Corporation, has appointed the company as the core licensee and operating partner for Nautica.

“Building on our success with Aéropostale, we are excited to be partnering with ABG to maximize the potential of the Nautica business,” said Marc Miller, CEO of Aero OpCo. “Nautica is an iconic American lifestyle brand, with significant global presence and customer reach. This partnership marks the next phase in Aero OpCo’s growth as it will leverage the company’s product development, sourcing, retail and ecommerce expertise, while further strengthening our capabilities in multichannel distribution. We look forward to integrating Nautica into our operations.”

Aero OpCo currently manages operations for the Aéropostale brand, a profitable multichannel retailer with over 500 locations in the U.S., as well as a growing ecommerce business. Combined with the Nautica business, Aero OpCo will operate over 580 retail locations, a strong wholesale business with thousands of points of sale in the U.S., and the ecommerce platforms for both brands. The full operation is expected to generate revenues in excess of $1.2 billion in North America.

“Aero OpCo has been an incredible partner to ABG for Aéropostale,” said Jamie Salter, Chairman & CEO of ABG. “We are looking forward to working with them to continue the success of this respected brand.”

The transaction, which is expected to close in the first half of 2018, is subject to standard customary closing conditions and regulatory approvals.

Posted March 20, 2018

Source: Aero OpCo LLC

Fruit Of The Loom Honored With Smart Energy Decisions Offsite Renewable Energy Award

BOWLING GREEN, Ky. — March 20th, 2018 — Fruit of the Loom Inc., was recently honored with the Offsite Renewable Energy Award at the 2018 Smart Energy Decisions Innovation Summit in Austin, Texas. The Smart Energy Decisions Innovation Awards recognize innovative technologies and progressive practices among large electric power users.

Fruit of the Loom was recognized for the development of the Merendon Power Plant, a Honduran power generation company that operates as part of the Fruit of the Loom corporation in Honduras.

Fruit of the Loom recognized a need for renewable energy sources in the company’s manufacturing facilities in Honduras. To provide a solution, the company established the Merendon Power Plant, reducing its carbon footprint by more than 51,500 metric tons annually. This is equivalent to removing 11,028 passenger vehicles from the road for one year, according to the Environmental Protection Agency.

Fruit of the Loom continues to place a large emphasis on the organization’s social responsibility efforts. In addition to receiving the Smart Energy Decisions Award, the brand joined The Sustainability Consortium (TSC) and received the Corporate Social Responsibility Seal from FUNDAHRSE in 2017.

Posted March 20, 2018

Source: Fruit of the Loom Inc.

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