Governor Cooper Announces Largest Ever Manufacturing Investment In Rural North Carolina: Triangle Tyre Announces Its First Manufacturing Facility Outside of China

TARBORO, N.C. — December 19, 2017 — Chinese tire manufacturing company Triangle Tyre (Triangle) has selected Edgecombe County, N.C., as the location for its first manufacturing facility in the United States, Governor Roy Cooper announced today. Triangle will create 800 jobs and invest nearly $580 million in Kingsboro, N.C.

The project is estimated to contribute more than $2.4 billion to North Carolina’s economy.

“Triangle Tyre chose North Carolina for its first-ever manufacturing center outside of China because they know our workers share their commitment to innovation, education and excellence,” Governor Cooper said. “I’m excited to see these 800 skilled manufacturing jobs go to Eastern North Carolina where I grew up and raised my family, a place where people have an unshakeable dedication to getting the job done. We welcome Triangle Tyre to its new home, and we’re ready to get to work.”

Triangle Tyre Co., Ltd. was founded in 1976 and is headquartered in the Shandong Province of China.

Triangle has concentrated on tire technology innovation, manufacturing and the global tire market for 40 years. Triangle owns a state-certified enterprise technology development center, a state-level industrial design center, and a postdoctoral scientific research station platform. Currently, Triangle’s annual manufacturing capacity is more than 22 million tires (approximately 580,000 tons), and the company’s products have been exported to more than 180 countries and regions, via its sales teams and distributors in North and South America, the European Union, Africa and Asia-Pacific. Its product series covers more than 5,000 specifications, including commercial tires, passenger tires, OTR (off-the-road), and radius jumbo tires.

“Triangle Tyre is bringing a state-of-the-art manufacturing facility to Kingsboro, North Carolina, giving the region and our entire state a new and highly advanced manufacturing capacity the likes of which we haven’t yet seen in North Carolina,” said North Carolina Commerce Secretary Anthony M. Copeland. “These are quality, efficient, well-paying jobs that require specific skills, and our communities are ready to support people who want the training required to get these jobs.”

Triangle will make Edgecombe County in North Carolina the home of its two-phase tire manufacturing facilities, a passenger tire facility as phase one and a commercial tire facility as phase two. The company expects to complete both phases by 2023. Once both facilities reach production capacity, Triangle expects to produce six million tires annually. Salaries for the new positions will vary, with an average annual salary of $56,450 once all positions are filled. The average wage in Edgecombe County is $32,642.

The North Carolina Department of Commerce and the Economic Development Partnership of N.C. (EDPNC) led the state’s support for the company’s investment in North Carolina.

“Triangle Tyre strongly believes that the project will blossom with beautiful flowers and bear the most abundant fruits in the U.S., a developed nation on wheels,” said Ding Yuhua, chairman of Triangle Group and Triangle Tyre. “We will give back the fruits to the people of North Carolina with our utmost sincerity.”

Triangle’s development in Edgecombe County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state legislature’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project will grow the state’s economy by an estimated $2.4 billion. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $20.1 million, spread over 12 years. State payments only occur following performance verification by the N.C. departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

The company has also been awarded a performance-based grant from the One North Carolina Fund for up to $16 million. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments, and any award is contingent upon that condition being met.

“These 800 jobs from Triangle Tyre are the kind of jobs we need now in Edgecombe County,” said N.C. Senator Erica Smith-Ingram. “They are well-paying, quality jobs from a company committed to training and innovation. I am proud to welcome Triangle and the opportunities their project will bring for the people of Edgecombe County.”

“The people of Edgecombe County are ready to take on this opportunity with Triangle Tyre,” said N.C. Representative Shelly Willingham. “We are committed to working with Triangle Tyre and getting people the training they need to make this project a great success.”

Partnering with N.C. Commerce and the EDPNC on this project were the North Carolina General Assembly, the North Carolina Community College System, North Carolina Department of Transportation, NC Railroad Company, the Golden LEAF Foundation, Edgecombe County, Carolinas Gateway Partnership, Dominion Power and CSX Transportation.

Posted December 20, 2017

Source: NC Office of the Governor

Baker-Polito Administration Announces $3.9 Million Grant to Expand Research into Advanced Fibers & Fabrics for Defense Sector

LEXINGTON, Mass. — December 20, 2017 — Today, the Baker-Polito Administration and the Massachusetts Technology Collaborative announced a $3.9 million grant to support the second phase of research & development at the Defense Fabric Discovery Center, a cutting-edge research hub which opened in October. This award follows an initial $2.2 million dollar grant announced in May 2017 by Lt. Governor Karyn Polito to support the opening of the Defense Fabric Discovery Center and brings the Commonwealth’s investment to the partnership between MIT Lincoln Laboratory and the U.S. Army Natick Soldier Research Development & Engineering Center (NSRDEC) to $6.1 million. Funding will support research & development into revolutionary fibers and fabrics with applications in the defense sector.

The grant was announced by Housing & Economic Development Secretary Jay Ash and was made as part of the Commonwealth’s Massachusetts Manufacturing Innovation Initiative (M2I2), which provides a vehicle for the state to match federal investments made in the Manufacturing USA institutes, including the Advanced Functional Fabrics of America (AFFOA).

“By supporting important projects and organizations like this, the Commonwealth’s M2I2 program helps ensure Massachusetts continues to lead in innovation and advanced manufacturing,” said Governor Charlie Baker. “The research and development of these revolutionary materials will have a direct impact on everyday safety of our brave service men and women.”

The Center is a collaboration between AFFOA, MIT Lincoln Laboratory in Lexington, and the U.S. Army’s Natick Solider Research Development and Engineering Center. The new award will help the Center expand research into how to apply emerging advanced fiber and fabric technologies for defense applications, including equipment that will allow for end-to-end prototyping including computer-aided design (CAD) of functional fabrics, fiber and yarn device fabrication, textile system and assemblies, and system integration to develop smart uniforms, emergency medical supplies and portable shelters.

“Today’s M2I2 grants will continue to support the development of cutting-edge technologies and advanced textiles here in Massachusetts,” said Lt. Governor Karyn Polito. “We are pleased to leverage the Commonwealth’s strengths in innovation and manufacturing to bolster a partnership designed to support the challenges faced by the country’s national security teams and our troops on the front lines,”

“A key part of our economic development strategy is to build on our world-class R&D organizations across the Commonwealth,” said Housing and Economic Development Secretary Jay Ash. “Across the M2I2 spectrum, we’re funding collaborative projects that build on our core strengths, investing in critical infrastructure and increasing access to the cutting-edge tools that small manufacturing companies need to pilot next-gen technologies.”

In April 2016, the Department of Defense joined local leaders to announced the establishment of AFFOA in Massachusetts, a $317 million public-private partnership to enable a domestic manufacturing-based revolution by transforming traditional fibers, yarns, and fabrics into highly sophisticated, integrated and networked products and systems. The Defense Fabric Discovery Center, part of a network of AFFOA fabric discovery centers, specifically addresses challenges faced by the Department of Defense through innovations in advanced fiber and fabric technology. The Commonwealth’s initial M2I2 award supported the Center’s official opening in October 2017.

“The Commonwealth’s investment in the Defense Fabric Discovery Center creates a significant, new research and development capability at MIT Lincoln Laboratory,” said Eric Evans, Director, MIT Lincoln Laboratory. “We are looking forward to working with others in the community to develop new fiber and fabric technology breakthroughs.”

“The funding for the Defense Fabric Discovery Center announced today underscores the deep commitment of the Baker Administration and Secretary Ash to Advanced Fabric investments in support of national security and the U.S. Army,” said Yoel Fink, CEO of AFFOA. “We are deeply appreciative of this support.”

“Massachusetts has been a leader in manufacturing for centuries and the investment made today under the M2I2 program is another step to ensure that our research institutions, companies, and workers get the support that will allow them to lead throughout the 21st Century,” said Tim Connelly, Executive Director and CEO of the Massachusetts Technology Collaborative.

“The Natick Soldier Research Development and Engineering Center has a long history of data-driven innovation to support our troops,” said Senator Karen E. Spilka. “This partnership will leverage our state’s manufacturing, technology and science talent for continued product development to serve soldiers across the country.”

“The center houses some of the top researchers in defense technology. I am pleased to see the Baker-Polito administration investing funds to support the second phase of research & development at this cutting-edge research hub,” said Senator Richard J. Ross. “This will improve the lives of our nations troops with products designed and manufactured right here in Natick.”

“The research coming out of U.S. Army’s Natick Soldier Research Development and Engineering Center continues to help protect those who serve our country,” said Representative David Linsky. “It is great to see such innovative research coming out of the Natick Soldiers System.”

The Baker-Polito Administration has committed more than $100 million in funding over five years to the M2I2 effort, which provides a vehicle for the Commonwealth to invest in the national Manufacturing USA initiative, helping advance innovation and job growth by spurring cross-collaboration among companies, universities, national labs, government, incubators, accelerators, and other academic and training institutions. The Manufacturing USA initiative seeks to spur research into cutting-edge technologies that can be applied to advanced manufacturing processes. The federal awards are leveraged several times over through a series of state and industry matches.

In addition to being the headquarters of the national effort to develop revolutionary fibers and textiles, overseen by AFFOA, Massachusetts is also a participant in regional manufacturing innovation institute nodes focused on robotics, photonics, flexible hybrid electronics, and biopharma manufacturing. In October, Governor Baker announced $7 million in M2I2 awards  at UMass Amherst and the Baker-Polito Administration also announced $11.3 million in grants for UMass-Lowell, including $10 million for a separate Fabric Discovery Center based in Lowell, also supported by the AFFOA institute. M2I2 investments are co-managed by the Executive Office of Housing & Economic Development and the public economic development agency, the Massachusetts Technology Collaborative (MassTech).

More than 10% of the Commonwealth’s total economic output is tied to manufacturing and in 2016, $26 billion in manufactured goods were exported from the Commonwealth. Approximately 250,000 employees work in the manufacturing sector in Massachusetts, comprising 7.8% of the total workforce in the state. Massachusetts manufacturers interested in applying for grants through the M2I2 program can visit http://m2i2.masstech.org to learn more about the process.

Posted December 20, 2017

Source: Commonwealth of Massachusetts, Executive Office of Housing and Economic Development

Tai Apparel Centralizes Data To Reduce Development Time With Gerber’s YuniquePLM® Cloud

TOLLAND, Conn. — December 15, 2017 — Development time for fashion and apparel companies is becoming extremely condensed with the ever-changing trends happening around the world today. Companies need to stay on top of design changes and be able to collaborate with internal and external teams to reduce errors and bring products to market quicker. “Implementing YuniquePLM Cloud will allow our teams to decrease development time and have confidence that the design, including fabric and colors, is correct when sending to production,” said Brandis Alves, owner/vice president sales, Tai Apparel LLC.

Tai Apparel is home to brands such as Grayson Threads, Harper & Elliott, Adventure More and Grayson Social, which can be found at major mass and mid-tier department stores around the United States.

“Managing data is a large undertaking for our customers and having it centralized gives them the confidence that products will be produced at the right time with the right design,” stated Bill Brewster, vice president and general manager, enterprise software solutions at Gerber. “By making our products easy to try, easy to buy and easy to consume we help them reduce errors and speed up their development all while knowing exactly when a change was made prior to production.”

YuniquePLM Cloud 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 Cloud creates a single version of the truth, connecting a company’s creative process with their supply chain and production processes.

Posted December 20, 2017

Source: Gerber Technology

Dynamic Energy Completes A 1.4 MW Solar System For Precision Custom Coatings’ New Jersey Facility

TOTOWA, N.J. — December 19, 2017 — Precision Custom Coatings, global leader in production, design & distribution of laminated solutions & nonwoven products, partnered with Dynamic Energy Solutions LLC, a turnkey solar energy solutions provider, to install a 1.4 megawatt (MW) rooftop solar system at its Totowa, N.J., facility. The system is expected to produce approximately 1,800 megawatt hours of energy during its first year which will offset electricity at the facility.

“This solar project will offset a good portion of our energy usage, resulting in substantial savings while reducing our carbon footprint,” said Moe Kovangji, general manager of Precision Custom Coatings. “We would like to thank the Dynamic Energy team for their excellent guidance on every aspect of the project. Dynamic Energy’s knowledge and quality of work is highly commendable. We could not have partnered with a better company.”

The solar system is expected to save Precision Custom Coatings an estimated $6.5 million in energy costs over 25 years. The installation of the solar system will also help Precision Custom Coatings reduce its carbon footprint by eliminating approximately 1,333 metric tons of carbon dioxide, equivalent of powering 200 homes or removing 285 passenger vehicles from New Jersey roads each year. The project is eligible for the New Jersey SREC incentive program, which will provide Precision Custom Coatings with significant revenue for the next 15 years, in addition to energy savings.

“Dynamic Energy congratulates Precision Custom Coatings on their new solar system,” said Michael Perillo, CEO, Dynamic Energy. “Precision Custom Coatings’ efforts to support renewable energy reflect a true dedication towards their goal of environmentally conscious business operations in New Jersey.”

Posted December 20, 2017

Source: Dynamic Energy Solutions

Stoll And Myant Announce An International Alliance To Revolutionize Functional Computing Textile Technology

REUTLINGEN, Germany/TORONTO/NEW YORK CITY— December 20, 2017 — Germany-based 3-D knitting machine company Stoll and Canada-based textile computing company Myant Inc. proudly announced a strategic and exclusive collaboration to populate functional computing textile manufacturing in Canada and the United States, with 500 state-of-the-art knitting machines from Stoll.

This collaboration will have a direct and powerful impact on the textile manufacturing industry worldwide as it raises the bar and sets a new gold standard for functional computing textiles. Myant and Stoll share the vision of disrupting the textile industry with new advancements in Industry 4.0, material science and technical applications for high quality products made in North America. Stoll’s machines combined with Myant’s end-to-end innovations, from molecule to garment, from textile to wardrobe will truly revolutionize the world of textiles and create a new economy. Stoll and Myant will use this exclusive collaboration for all inquiry of the research, development and engineering of this new domain of functional computing textiles.

Andreas Schellhammer, CEO, Stoll, said: “Stoll and Myant are aligned in the vision to create a new gold standard for functional computing textiles. Stoll has a longstanding commitment to be a leader at the forefront of growth and innovation in the textile industry. Our collaboration with Myant represents a completely new approach to smart textiles. The demand for smart fabrics has never been higher as companies race to create garments, wearables, industrial, defense, healthcare and household items to connect humans to the Internet of Things. Myant is leading the creation of a new economy in functional computing textiles with Stoll machines. They have the vision and the right interdisciplinary team to make this a global revolution.”

Tony Chahine, CEO and founder, Myant, said, “Myant and Stoll are taking a big step to democratize manufacturing and resuscitate a ‘making’ culture in Canada and the US. Our goal is to reduce the barriers to entry in textile innovation and production and promote collaboration between scientists, doctors, engineers, designers, students, and anyone with a creative idea. I believe that true innovation is only possible when the inventor can actually make the invention. The Stoll machines will have a massive impact on commercialization in the smart textile industry, which is in need of disruption, and will help to speed up the prototyping to production cycle.”

The collaboration coincides with Myant’s plans for expansion into the Canadian and American university-affiliated textile technology centers, featuring Stoll machines. The endeavor will require new disciplines, curricula, and expertise to be developed in the engineering, material sciences, design and manufacturing fields, which is the reason universities and colleges are an essential component of the ecosystem.

Posted December 20, 2017

Source: Myant

Peter R. Huntsman Elected Chairman Of The Board; Founder And Former Executive Chairman, Jon M. Huntsman, To Serve As Member Of The Board And Chairman Emeritus

THE WOODLANDS, Texas — December 19, 2017 — Huntsman Corp. announced today that Peter Huntsman, president and CEO, has been elected chairman of the Board of Directors of the company, an additional role he will assume as of January 1, 2018.  The company’s founder, Jon M. Huntsman, will be stepping down as executive chairman on December 31, 2017, and the role of executive chairman will be eliminated. After serving as executive chairman of the company he founded 48 years ago, Jon Huntsman will continue to serve on the Board of Directors as a director and chairman Emeritus.

New Chairman of the Board and CEO Peter Huntsman commented: “I am honored to be taking on this responsibility at a time when the company has never been stronger and had more opportunities before it.  This will be a smooth transition as our founder, my father, will continue in a valuable capacity as a Board member, maintaining vital relations with customers, suppliers, and policy makers as well as sharing his total 56 years of industry experience.”

Jon Huntsman, Sr., further commented: “It’s a high honor to turn the chairmanship role over to Peter Huntsman, who I consider to be one of the world’s outstanding CEOs.  Huntsman Corporation will continue to experience its sound growth and strong financial controls under Peter’s experienced oversight.  It has been both a great challenge and a special privilege to be chairman for almost half a century.”

Posted December 19, 2017

Source: Huntsman

U.S. Polyester Producers Applaud Overall Affirmative Preliminary Antidumping Duty Determinations Announced By The U.S. Department Of Commerce On Imports Of Fine Denier Polyester Staple Fiber From China, India, Korea, And Taiwan

WASHINGTON — December 19, 2017 — On December 19, 2017, the U.S. Department of Commerce announced preliminary antidumping (AD) determinations that producers and exporters of fine denier polyester staple fiber (fine denier PSF) from China, India, Korea, and Taiwan are selling subject merchandise in the United States at less than fair value.

The affirmative AD preliminary determinations mean that U.S. Customs and Border Protection will begin collecting AD duties in the amount equal to the preliminary AD margins in each country. Importers will be required to post duty deposits beginning on the date of publication of Commerce’s determinations in the Federal Register, in approximately one week. The preliminary AD margins are as follows:

Fine Denier PSF Imports from China
Producer/Exporter AD Prelim Margin (%)
Jiangyin Hailun Chemical Fiber Co., Ltd. 181.46
Jiangying Huahong Chemical Fiber Co. Ltd. 63.26
Separate Rate Companies 122.36
All Others 181.46

 

Fine Denier PSF Imports from India
Producer/Exporter AD Prelim Margin (%)
Bombay Dyeing & Mfg. Co. Ltd. 21.43
Reliance Industries Limited 2.66
All Others 2.66

 

Fine Denier PSF Imports from Korea
Producer/Exporter AD Prelim Margin (%)
Down Nara Co., Ltd. 45.23
Huvis Corporation 45.23
Toray Chemical Korea Inc. 0.00
All Others 35.15

 

Fine Denier PSF Imports from Taiwan
Producer/Exporter AD Prelim Margin (%)
Far Eastern Textile, Ltd. 48.86
Tainan Spinning Co., Ltd. 0.00
All Others 24.43

 

The preliminary AD cash deposit rates announced today for China and India will be applied to fine denier PSF imports from those two countries in addition to the preliminary countervailing duty (CVD) rates calculated for Chinese and Indian subsidized producers/exporters.  Commerce announced these affirmative CVD determinations for China and India on October 31, 2017, and those CVD rates have been in effect since publication in the Federal Register on November 6, 2017.  Commerce is expected to reach its final CVD determinations on January 16, 2018, and its final antidumping determinations on May 10, 2018.

“We are pleased with the overall strong antidumping duty determinations in each of these four cases.  The margins support what the domestic fine denier PSF industry has experienced for years – the growing presence of dumped merchandise from China, India, Korea, and Taiwan in the U.S. market,” said Paul Rosenthal, of Kelley Drye & Warren LLP, counsel to the petitioning domestic producers.  “While we are disappointed with the few instances in which the Department of Commerce calculated a low or no margin, we are confident that the Department’s close review of additional evidence leading to the final determinations will result in further critical trade relief for the domestic industry,” he said.

Background

Three major U.S. polyester fiber producers — DAK Americas LLC (DAK), Nan Ya Plastics Corporation, America (Nan Ya), and Auriga Polymers Inc. (Auriga) – filed petitions with the U.S. International Trade Commission (ITC) and the U.S. Department of Commerce (Commerce) on May 31, 2017, alleging that dumped imports of fine denier PSF from China, India, Korea, and Taiwan, and subsidized imports of fine denier PSF from China and India, are causing material injury to the domestic industry.

The ITC reached an affirmative preliminary determination on July 14, 2017, that the domestic industry is materially injured by the unfairly trade fine denier PSF imports, allowing the antidumping and countervailing investigations at Commerce to continue.  The ITC will hold a public hearing in its final injury investigation on January 17, 2018.

The product covered by the petition is fine denier polyester staple fiber, which is a synthetic staple fiber of polyesters measuring less than 3.3 decitex (3 denier) in diameter.  Fine denier PSF is generally cut in lengths of less than five inches (127 mm).  Fine denier PSF is similar in appearance to cotton or wool.  It is typically converted either to yarn for weaving or knitting into fabric or to a non-woven textile prior to the end-use application.  Woven applications include the production of textiles such as clothing and bedding linens, for example.  Non-woven applications include the production of household and hygiene products such as cleaning wipes, baby wipes, and diapers.

The petitioning companies are DAK Americas LLC, Nan Ya Plastics Corporation, America, and Auriga Polymers Inc., represented by Kelley Drye & Warren LLP.

Posted December 19, 2017

Source: Kelley Drye & Warren LLP

Comau Releases A New App To Control Robot Operations

TURIN, Italy — December 20, 2017 — With the aim of creating a more intuitive, easier and faster way to control industrial robots, Comau has released PickAPP, an Android application to perform “Pick and Place” operations in a completely new way.

Until now, robot programmers were skilled technicians who used a teach pendant device (robot remote control) to interact with the robot. Comau reverses this scenario with this “ease of use” new app that improves the customer experience.

PickAPP is an Android application for an 8-10-inch tablet, configured with graphical operations which drastically improve the overall user experience. Thanks to this application, anyone familiar with smartphones will be able to move a robot and create a pick and place process simply preparing a list of waypoints, without having to learn robotic programming language. The user moves the robot manually by pulling and pushing robot joints, or using the interface in a similar way that is used for toy cars or drones. Additional configurations, like the type of movement and the actions related to a gripper, can be easily added.

The application has been developed by multiple users with a different approach than the one usually used for standard industrial processes. A sample group of testers, ranging from expert technicians to young people who play games on a tablet, were able to perform the programming required for a Pick and Place process in just a few minutes without prior training.

PickAPP is available for Comau low payload robots, such as Rebel-S (SCARA), Racer3 and Racer5 (3 to 5 kilogram payload), and will soon be implemented for the entire Comau robot family.

Posted December 20, 2017

Source: Comau

Teijin Aramid To Increase Its Twaron Aramid Yarn Capacity By More Than 25 Percent

ARNHEM, The Netherlands — December 20, 2017 — Teijin Aramid today announced its intention to increase the production capacity for its Twaron® super fiber by more than 25 percent. This additional capacity will become available within the next five years. With this capacity expansion, Teijin Aramid will be able to meet future market demand and provide its customers with the material they need to excel in their markets.

The demand for Teijin’s high-performance para-aramid fiber Twaron is increasing all the time, and the market outlook is positive. Growing the aramid business is one of the Teijin Group’s key strategies, with an expected growth rate of 8 percent per year. The company is determined to ensure that this growth will go hand in hand with an even better service for its customers. Teijin Aramid aims to capture a substantial part of the global market growth, which should eventually lead to a future market share bigger than 50 percent. Several substantial investments are planned to increase production capacity which includes implementing the latest technology.

“This new investment in increased capacity will help us, as market leader, to meet market demand, anyplace and anytime,” says Gert Frederiks, CEO and president, Teijin Aramid. “It’s our strategy to continuously invest in both optimizing our production facilities and in increasing our Twaron capacity. This will enable us to provide our customers with best-value products, in the right quantity, the right quality, and at the best price. Combined with our long history of knowledge and expertise in aramid fibers, this will place us in an excellent position to serve the world market.”

By introducing the lean methodology and internal optimization programs, Teijin Aramid has been able to increase its Twaron production capacity by 130 percent since 1999. Teijin Aramid is determined to keep up this best-practice way of working. It will continuously invest in its factories, implement the latest technologies, and ensure economy of scale. This will enable the company to keep up with market demand and market competitiveness, while meeting its customers’ demands.

The total extra capacity is planned to be fully available in the year 2022. Teijin Aramid is currently implementing a new spinning technology at its Twaron facility in Emmen, the Netherlands, as was communicated in July 2017. The extra capacity of that investment will become available as of May 2018.

Posted December 20, 2017

Source: Teijin Aramid

Novozymes Announces Changes To The Executive Leadership Team

COPENHAGEN, Denmark — December 20, 2017 — Novozymes has announced the appointment of Prisca Havranek-Kosicek as new CFO effective February 1, 2018.

Havranek-Kosicek has up until November 2017 served as CFO and member of the Executive Board for Kuoni Group, a leading 8,000-employee service provider to the global travel industry. In the period 2011-2016 Havranek-Kosicek held positions at Royal DSM, including Group Treasurer and CFO for DSM’s pharmaceutical division, and from 2004-2008 she served as VP Corporate Subsidiaries and Investor Relations for Austrian Airlines Group.

CEO Peder Holk Nielsen said: “With a strong business acumen from international positions around the world, a thorough understanding of the different finance functions and knowledge of Novozymes’ markets, Prisca brings the right competencies and drive to support our future growth. I’m very pleased to see her become part of our Executive Leadership Team.”

Havranek-Kosicek said: “I’m honored to join Novozymes, the global leader in biological solutions with a strong cultural heritage and values. What sets Novozymes apart is the company’s innovation track record and its commitment to help solve some of the pressing global challenges facing the world today. I look forward to working with the great people at Novozymes to continue this journey.”

Havranek-Kosicek is an Austrian citizen. She currently lives in Zurich, Switzerland, and will relocate to Denmark during 2018 with her family. She has previously worked in Austria, Germany, the Netherlands, Malaysia and the United States.

Havranek-Kosicek holds a Ph.D. in Business Administration from the Vienna University of Economics and Business. She serves as member of the Supervisory Board of Allianz Elementar Versicherungs-AG and Allianz Elementar Lebensversicherungs-AG.

Havranek-Kosicek will take part in the 2017-2019 Executive Leadership Team’s incentive program on a proportional basis from February 1, 2018. A description of this program, introduced on January 18, 2017, can be found in the “Group financial statement for 2016. Company announcement No. 1.”

Posted December 20, 2017

Source: Novozymes

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