HanesBrands Announces Executive Leadership Succession Plan

WINSTON-SALEM, N.C. — June 13, 2016 — HanesBrands, a leading global basic apparel marketer, today announced that its Board of Directors has approved a leadership succession plan, with Chairman and Chief Executive Officer Richard A. Noll narrowing his role to executive chairman and Chief Operating Officer Gerald W. Evans Jr. assuming the role of chief executive officer, both effective Oct. 1, 2016.

Evans, 57, has been appointed to the company’s Board of Directors, effective immediately. With his appointment, the Hanes board has been expanded to 11 members.

Noll and Evans each have held leadership positions at Hanes spanning more than 30 years and have guided the company to become the world’s largest basic apparel company in the nearly 10 years since its 2006 spinoff into an independent publicly traded company.

“The past decade has been a phenomenal journey, and I am very proud of the amazing accomplishments of our 65,000 employees,” Noll, 58, said. “This is the perfect time to transition our leadership. Our business is healthy, our acquisitions are performing well, and we have a very bright future. I have full confidence in Gerald’s readiness, ability, and vision to drive the business to even greater heights as CEO.”

The executive transition is expected to be seamless as a result of the Board’s continuous leadership succession planning for the company’s senior ranks.

“Each board member has the utmost respect for Rich Noll and Gerald Evans as accomplished leaders of this company,” said the Board’s Lead Director Ronald L. Nelson. “Under Rich’s leadership, the company has increased its annual sales from $4 billion to $6 billion, grown EPS at a compounded rate of 20 percent per year, and quintupled shareholder value from $2 billion to $10 billion. We are grateful for Rich’s decade of leadership and success, and we are thrilled to have such a capable leader as Gerald to build the business even further.”

Evans, who joined the company in 1983, has a long track record of leadership success in marketing, sales and supply chain. As chief operating officer since 2013, he has had responsibility for the day-to-day running of the $6 billion company with direct oversight of all global commercial businesses and supply-chain operations.

Under his leadership, Hanes has strengthened its world-class brands through the company’s Innovate-to-Elevate initiative, created a low-cost global supply chain that spans the Western Hemisphere and Asia, and has overseen acquisition integrations, including Gear for Sports, Maidenform, Knights Apparel and Hanes Innerwear Europe.

“I am honored to become CEO and look forward to driving the organization to the next level of success,” Evans said. “Our brands are primed for growth, our acquisitions are adding significant value and scale, and our product development and innovation pipeline are stronger than ever. Along with our worldwide employees, I am committed to maximizing the value we can create as the very best basics apparel company in the world.”

Posted June 14, 2016

Source: HanesBrands

June 2016: Textile Activity At A Glance

BFJune16online

June 2016

Mixed Bag For Spinners

Jim-Phillips-colorBy Jim Phillips, Yarn Market Editor

Demand for specialty yarns continue to be brisk mid-year, as spinners report a steady stream of orders. However, the commodities business continues mired in the unexpected slump that began earlier this year.

And even for those that have noticed no appreciable decline in volume, orders are smaller than usual and the pipeline is shorter than they would prefer.

“Business for us is stronger than what commodity yarn sellers are experiencing,” said one broker who focuses on specialty yarns. “In fact, my business this year is ahead of where it was this time last year. But I can’t move the commodity yarns that I have acquired.”

Added another spinner: “What we have are relatively small volume orders. We keep hearing that a lot of program business is coming back to the hemisphere, but we haven’t seen it to any big degree. In fact, I keep hearing where inquiries are made and then, for whatever reason, they just fizzle out.”

Another specialty spinner said: “Everyone wants something different, something unique. We have a lot of very small orders. It seems we spend more time changing out than running.”

For the most part, with the exception of specialty yarns, spinners are disappointed with where they are at this point in the year. “We did not expect to experience an extended slowdown in orders,” said a southeastern spinner. “All indications were that the volume of business we had experienced over the past couple of years would continue. However, no one is panicking. While business is down, it is certainly not dreadful, and we are optimistic that it will not get to that point.”

Spinners and industry insiders point to a number of factors for current business conditions. “First, I believe, there was an inventory correction, especially with ring-spun yarns,” said one spinner. “Positions have been hard to come by for several years as ring-spun demand outstripped capacity. I believe a lot of companies over-ordered, some by a significant degree. They focused on depleting their inventory before initiating further orders.”

Another spinner said: “We have always experienced a slowdown around July 4. That is when back-to-school orders have been delivered and holiday orders have not yet been placed. It seems, over the past few years, that the July 4 slowdown has been moved back to early June and even late May.”

Despite recent downturns, spinners are, overall, optimistic about their future, and growth is still on the minds of many. However, the means to grow are not readily apparent to all. “I know a lot of people were surprised by recent announcements that job growth in the United States was less than expected. While that might surprise some government analysts and economists, it does not surprise hiring managers. It’s not that jobs aren’t available; it is that people don’t want them. It is my experience that nearly everyone today who wants a job has one. I know, particularly of one company that would love to start a third shift, but was unsure it could find enough people to staff it.”

And, finally, there is the election. “Election years are always fraught with uncertainty,” said one industry expert. “And that is more true than ever this year, as many people feel the choice they will have to make is between the lesser of two evils. No one is really sure what the country is going to look like in January 2017. As a result, they sit on their hands and their money and just wait and see.”

Cotton Prices Rise To 10-Month High

As of the week ended June 9, spot-market cotton prices for the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0-28.9, uniformity 81.0-81.9) in the seven designated markets measured by the USDA averaged 63.49 cents per pound, up 169 points from the previous week and the highest weekly average since August 20, 2015, when the average was 64.11 cents. The weekly average was up from 61.80 cents the previous week, and 62.55 cents reported the corresponding period a year ago. Daily average quotations ranged from a low of 62.12 cents Friday, June 3 to a high of 64.07 cents Tuesday, June 7. The ICE July settlement prices ended the week at 64.96 cents, compared to 62.87 cents the previous week.

YMJune16chart

June 2016

Carver Non-Woven Technologies To Startup New Manufacturing Facility

FREMONT, Ind. ― June 12, 2016 — Carver Non-Woven Technologies LLC, a wholly owned subsidiary of custom compression molder and compounder, R3 Composites Inc., will begin a rolling startup at its new manufacturing facility here on July 1, 2016, and by July 15, 2016, will be in full commercial production of high-quality, single- and multi-material nonwoven products for both R3 and the broader North American composites industry. The new plant is situated on an 18-acre/7.3-hectare site in a building that is 165,000-square-feet/15,329-square-meters in size, providing plenty of room to expand should demand for the new products grow.

Carver is unique in how it approaches many aspects of the design and production of nonwovens. First, unusual for the nonwovens industry, the company’s complete production line is fully automated ― from initial debaling, fiber opening, blending, and carding, all the way through to finished packaging. As a result, Carver is able to produce nonwovens with low-variance weight — density — as well as superior dimensional stability and mechanical properties. This leads to nonwovens that are more consistent and mechanically more efficient meaning a lower density nonwoven can be used in a given composite part without sacrificing tolerances or mass. This, in turn, can have the follow-on benefits of reducing both cost and mass of finished applications in either thermoset or thermoplastic composites. Furthermore, Carver uses up to three different opening processes during initial fiber handling, which leads to better, more open fibers and more consistent fiber length owing to less fiber damage, as well as a more homogeneous fiber architecture in the finished composite part.

The Carver team also is unique in terms of the broad range of fiber types it works with, including E-glass fiber, bast natural fiber including tossa jute and others, carbon fiber, basalt fiber, and thermoplastic fiber including virgin and 100-percent recycled polyethylene terephthalate (PET), polyamide, polypropylene (PP), polylactic acid (PLA), as well as high-density and low-density polyethylene (HDPE and LDPE). Carver also is one of the first to offer carbon fiber needled nonwovens in a multitude of blends at considerably lower costs than with conventional wrap-and-resonate processes. During nonwovens production, the fleece mats are typically coated with thermoset binder resins, including an acrylic/latex binder, which itself confers unique properties including specific colorants when the mats are subsequently impregnated with thermoset resins prior to forming. Carver’s dual-web configuration enables the company to formulate products using different binder types, including the novel option to combine two different resin formulations in a single-fiber architecture.

High levels of flexibility have been designed into the new facility in order to allow the Carver team to be able to respond to customer needs by offering products with areal weights ranging from 300 to 2,400 grams/square-meter (gsm) using numerous fiber types, blends, and layering. In fact, Carver is able to achieve blend ratios from 80/20 to 20/80 for natural fibers and other fibers such as fiberglass, polymeric fibers, or even carbon fiber. Typically, natural fiber blend ratios above 70 percent for non-crimp fibers are unusual, but Carver can currently achieve up to 80 percent thanks to the quality program with which the team selects its natural fibers and the care with which the fibers are subsequently handled, which preserves fiber length and minimizes damage both to the fibers and to the card itself.

The diversity of available fiber types helps Carver offer both single- as well as multi-fiber and layered (hybrid) mats thanks to the company’s specially designed production line. That system is capable of simultaneously running up to six different fiber types, all of which can be commingled either in a single layer, or in a structure featuring up to three different fiber types each on top and bottom sides of the nonwoven mat. For greater design flexibility, these hybrid fiber combinations may be the same or different areal weight depending on customer requirements. This also allows for fiber architectures that mix non-melting and melting fibers where the latter become the final part’s resin matrix after preheating just prior to forming in a cold tool. An application in which hybrid mats are increasingly used is automotive underbody shields where high-impact polymeric fibers are used on the road-facing side and a hybrid mixture of more structural and acoustical fibers including glass, carbon, basalt, polyester, and/or natural fibers are used on the vehicle-facing side of the nonwoven architecture.

Carver’s know-how with respect to commingling and homogenization of hybrid mat technologies led to collaboration with equipment suppliers to customize many piece of equipment being used at the new plant. The new production facility features state-of-the-art technologies, including the latest developments in fiber opening, blending, carding, cross-lapping, and web drafting, web scanning, and needling. For example, Hyperpunch needle loom technology (developed by Dilo Group, Eberbach, Germany) brings a multitude of benefits. Thanks both to the elliptical needle beam movement of the technology as well as sequential movement of the needles, Hyperpunch technology eliminates drag on the fleece in the machine direction during its dwell time in the needles, which in turn can lead to pulling and shrinkage of the fleece in the cross-machine direction, causing unevenness and dimensional changes to the batt. The technology also allows for faster needling (both fine and finish) and higher throughput, hence more economical production of needled fine fleeces. Still other benefits include better fiber entanglement, a more even felt surface with smaller needle holes, significantly lower needle wear and negligible needle breakage (which can contribute to consistency issues with respect to fiber length and outgasing), better retention of the web’s strength, and less damage to the carrier fabric. The Carver team believes it is the first nonwovens manufacturer to apply Hyperpunch technology to the production of natural fiber nonwovens and credits it to helping the company’s natural fiber nonwovens achieve 90+ values in automotive fogging tests for interior components. (In conventional needling operations, the natural fibers can become damaged as well as heated via friction during needling operations and that releases fatty acids, which contribute to poor fogging values.)

Yet another unique aspect is that the Carver team negotiated supply agreements (covering fiber specifications and quality as well as purchase price) with its entire supply chain for all fiber types, but especially with suppliers of bast (natural) fibers in Southeast Asia. In fact, this exclusive supply-chain management program for bast non-wovens features full quality testing of fibers ― including on-site inspection and analysis at farms throughout India and Bangladesh ―by Carver personnel as well as third party testing by University of Calcutta prior to shipment to Carver’s facility in the U.S. Controlling fiber quality at the source ensures Carver receives the best products pre-certified by local institutions prior to shipping, and that, in turn, helps the company maintain very-consistent, high-quality products for its customers, further enhancing lightweighting opportunities.

To ensure the safety and comfort for its workers and maintain a clean, dust-free working environment, the company’s air-management system uses dual, triple air scrubbing with dust discharge into an exterior receiving hopper. The system does double duty in cold winter months by heating and humidifying plant air, and by cooling it in hot summer months. In total, the powerful air-management system at Carver’s plant moves and cleans 82,400 cubic feet/2,333 cubic meters of air per minute during line operations. Not surprisingly, the new plant was built to be ISO compliant (to specifications set by the International Organization for Standardization) and already has achieved an IP65 rating from the International Protection Marketing organization. Other production capabilities currently featured in the new plant include:

  • Option of six different fiber types in blend including splitting one to three different fiber types in a layered structure;
  • Two binder resin technologies, including thermal melt and formaldehyde-free thermosetting acrylic/latex (the latter with multiple color options);
  • Fully integrated and continuous liquid resin application line;
  • Randomizing control over fiber direction in both machine direction and across-machine direction (MD and AMD);
  • Continuous inline web scanning and auto web weight control to maintain tight web tolerance;
  • Non-fogging Hyperpunch as well as standard needling with needle-punch densities ranging from 3.1 to 62 square inches/20 to 400 square centimeters via quad wide-board technology;
  • Post-trim finish widths up to 12 feet/3.5 meters;
    Roll-good widths ranging from 2.3 to 11.5 feet/0.7 to 3.5 meters and roll diameters up to 5.02 feet/1.53 meters, each wrapped in protective plastic and labeled inline;
  • Pre-cut sheets in widths ranging from 1.6 to 11.5 feet/0.5 to 3.5 meters and lengths up to 10 feet/3.05 meters packaged on pallets and labeled inline;
    Full-function laboratory testing to ASTM International and SAE International® standards (including U.S. Federal Motor Vehicle Safety Standard (FMVSS) 302 testing and benchmark UL® 94 burn testing; and
  • Onsite compression molding capabilities for customer trials with current press sizes ranging from 75 to 4,400 tons/tonnes;

A 60-inch/152-centimeter wide film lamination line with latest in air knife and hot-roll heating technologies.”We’re very proud of the amount of flexibility, new technology, and custom-modified equipment this new facility represents,” notes Mark Glidden, president, R3 Composites and Carver Non-Woven. “To achieve this level of competence right from the start, our organization has made a substantial $13-million dollar [USD] investment. If our products really take off the way we believe they will, then our five-year plan calls for us to make an additional $20-million dollar investment to expand our operations. Others may say that sounds overly confident, but I can share that for the first time in 35 years of doing business, our company has a letter of intention from an automotive OEM stating that as soon as we’re operational, this company will buy three-million square-meters of product per year from us. We have similar letters of intent from tier suppliers for the RV [recreational vehicle] industry. We are well on our way to filling our capacity for the first phase of our line, and we’ve just opened the doors.”

Posted June 13, 2016

Source: R3 Composites

Kimberly-Clark Professional Expands Rightcycle

ROSWELL, Ga. — June 9, 2016 — Kimberly-Clark Professional has expanded its innovative recycling program — RightCycle by Kimberly-Clark Professional — to manufacturing and other industrial environments, enabling these customers to divert non-hazardous waste, such as nitrile gloves and apparel, from landfills.

RightCycle is the first large-scale recycling program for non-hazardous lab, cleanroom and industrial waste. Since its launch in 2011, the program has diverted more than 300 tons of waste from landfills. The items are sent to recyclers in the United States and turned into nitrile powder and pellets that are used to create ecoresponsible consumer products and durable goods, such as flowerpots and lawn furniture, benches and bicycle racks.

“By recycling rather than discarding nitrile gloves and single-use apparel, customers can divert these hard-to-recycle waste streams from the landfill in order to get one step closer to achieving their zero waste goals while reducing their waste disposal costs at the same time,” said John R. Adams, industrial business leader, Kimberly-Clark Professional. “In addition, we are helping to give our safety and industrial products a second life.”

RightCycle enables customers to recycle thin mil nitrile gloves, apparel (including accessories such as hoods, masks, shoe covers and other items) and Kimtech Pure 100 percent polypropylene wipers. To qualify for the program, the items must be free of hazardous materials, biohazards and wet food.

“As a rule of thumb, if our personal protective equipment products, such as nitrile gloves and apparel, are being disposed of as regular trash versus hazardous waste, then we can likely accept them,” Adams added.

California Success Story
Participants in the RightCycle Program have reaped many benefits and one — Lundberg Family Farms of Richvale, Calif.  — credits the program with helping it achieve a Platinum Zero Waste Facility Certification from the U.S. Zero Waste Business Council.

Gloves previously represented about 15 percent of the company’s landfill waste, so switching to Kimberly-Clark Professional gloves and the RightCycle program was an easy decision. The company now expects to divert four tons of glove waste annually.

“The changeover was really painless,” said Ashley Vega, the company’s sustainability specialist. “And our employees are actively recycling the gloves – even more than we anticipated.”

Sustainability is a big part of the family-owned company’s culture. “Our company is committed to nourishing a healthier planet and protecting the environment for generations to come,” Vega added. “This expands our solid waste reduction and recycling efforts.”

Lundberg Family Farms recycled close to one ton of nitrile gloves in its first few months in the RightCycle program. “You’re either throwing the gloves away or giving them a second life. The latter is always better,” Vega said.

In addition to the industrial program launch, Kimberly-Clark Professional is continuing to expand the RightCycle program — bringing it to Western Europe and exploring expansion in other regions.

Posted June 10, 2016

Source: Kimberly-Clark Professional

Polartec Workers Urge Patagonia To Purchase Company, Save Factory

BOSTON, Mass. — June 9, 2016 — Polartec workers and their supporters are urging Patagonia, a longtime partner of Polartec, to acquire the textile company and maintain its operation in Lawrence — in one of the few surviving mills with a direct connection to the early 20th century textile industry and the “Bread and Roses” strike of 1912.

In a letter to Patagonia’s CEO, Rose Marcario, a coalition of allies and experts has joined workers in asking Patagonia to take ownership of Polartec. Patagonia and Polartec have had an ongoing relationship for decades. Together, they jointly developed synthetic fleece, which Patagonia was the first to introduce to the outdoor sportswear market. They also developed premium fleece from recycled content and from post-consumer plastic bottles. This long-standing relationship has assisted Patagonia in becoming a global leader in performance clothing.

Polartec recently issued a WARN [Worker Adjustment and Retraining] notice concerning its plan to close down its mill in Lawrence. This decision will adversely affect hundreds of mostly immigrant, unionized workers (members of UNITE HERE) with an average of 18 years experience, as well as their families. The negative effects of a closing would reverberate throughout Lawrence, which is two-thirds Latino and one of the poorest cities in New England (with 33 percent of incomes under the poverty line). By purchasing the company, experts believe that Patagonia would secure environmental and quality standards, save a living piece of American labor history, and preserve 350 good jobs.

According to Lawrence Mayor Dan Rivera: “These are some of the most experienced textile workers in the country, in a factory that was built for a very high level of innovation and quality. Although Polartec’s private equity owners have refused to discuss their options with us, we would welcome the opportunity to work with Patagonia to ensure that this factory can continue to operate under new ownership and remain in Lawrence.”

“Patagonia has said that companies should be held accountable for the impact of their decisions on employees, communities, and the environment,” says University of Massachusetts at Lowell Professor Robert Forrant. “Here is an amazing opportunity for Patagonia to demonstrate that commitment with Polartec, a company with which it is already deeply connected.”

Private equity firm Versa Capital acquired Polartec in 2007, calling the Lawrence mill “state of the art” as recently as 2012. Twenty years ago, then-owner Aaron Feuerstein was hailed as a symbol of corporate decency when he kept workers on the payroll while re-building the mill after a disastrous fire.

Posted June 10, 2016

Source: UNITE HERE!

 

 

Loepfe MillMaster TOP Goes Live!

WETZIKON, Switzerland — June 3, 2016 — Loepfe presented the brand­new MillMaster TOP at the ITMA 2015 for the first time. The first systems have already been successfully installed in India, Italy, China, Turkey and Mexico.

The new innovative online operating data system MillMaster TOP has been installed already in numerous spinning mills, and customers and users have expressed a high level of satisfaction with the simple and intuitive operation. Installation is quick and the first operating data are available after just a few minutes.

MillMaster TOP is very comprehensive even in the version without options. The floor overview shows all machines with the eight most important items of information in real time. A click on a machine in the floor overview is sufficient and all quality data are available online.

Posted June 9, 2016

Source: Loepfe Brothers Ltd.

BGF Industries US Subsidiary Of Porcher Industries Announces Their Acquisition By Warwick Capital LLP

GREENSBORO, N.C. — June 8, 2016 — BGF Industries, a global manufacturer of woven and nonwoven materials from high performance fibers, is pleased to announce that Warwick Capital LLP has purchased controlling interest in this advanced, high performance textile company.

This London-based private equity fund — Warwick Capital Partners — has remained steadfast in their interest to acquire Porcher Industries throughout the extended sales process. They bring many years of knowledge and insight in investing in industrial sectors and will continue to offer the highest level of service and quality of products to BGF customers.

“Bringing together the technical expertise of manufacturing high performance fibers with the backing that Warwick Capital LLP provides brings us closer to making additional strategic investments that will provide the highest level of quality products and will allow us to continue to make technical advancements and innovation within our industries,” says Robby Dunnagan, BGF President.

There should be no change in the relationships that BGF or Porcher have with their customers, employees, or partners as a result of this sale.

Posted June 9, 2016

Source: BGF Industries

Rudolf Introduces Hydrocool Intelligent Moisture Management Technology

GERETSRIED, Germany — June 9, 2016 — With the intelligent and high-performance moisture management technology Hydrocool, the Rudolf Group sets again a standard in the functional finish of next-to-skin textiles.

Under the family brand Hydrocool, Rudolf offers hydrophilizing products with a highly flexible moisture management technology for synthetic fibers and their blends. The company always is prepared to suggest technical solutions for the textile market’s constantly changing requirements for the steadily growing groups of articles activewear, sportswear and functional underwear.

Exercise, either outdoor or indoor, for our personal well-being and as a counterbalance to the daily routine, has become an increasingly important part of life. At the same time optimum moisture management functions of textiles for sweaty activities have become an absolute must-have.

The clothing industry offers consumers a multitude of very different textiles in many designs. Hydrophilicity as well as hygiene and freshness are the major focus when increasing the additional value of these articles.

The reason for this is that perspiration accompanies man 365 days a year and 24 hours a day; and it is a natural reaction of the body to transport excess heat away, which can be caused by exercise, high ambient temperature or fever.

By producing body perspiration, the human body has the ingenious ability of keeping the body temperature at an optimum 37° C. The textile worn next to the skin must be able to support this thermoregulating mechanism.

Man wears several layers of textiles, which may vary in number, depending on the climatic and local conditions. This is called the multi-layer principle. The next-to-skin layer, the inner layer, must work like a second skin to fulfil the requirement of optimum moisture transport.

Due to their numerous advantages, the portion of synthetic fibres in active wear, sportswear and functional underwear has been rising for years. These advantages are:

  • Low weight;
  • High wear resistance; and
  • Easy care and fast drying.

The hydrophobic behaviour, when unfinished, is a clothing-physiological shortcoming, which a high-performance moisture management technology has to offset.

Only perfectly prepared textiles finished with the Hydrocool technology can have optimum moisture management effects:

  • Perfect moisture absorption and transport;
  • Optimum moisture evaporation; and
  • Pleasantly dry and comfortable to wear.

The Hydrocool technology products ensure that the textile perfectly absorbs moisture and transports it away from the body. The evaporation of moisture, which the textile has absorbed, creates a uniform evaporation chill that supports the cooling function of the body.

Hydrocool is the family brand for a fiber-adapted moisture management technology by Rudolf.

Posted June 9, 2016

Source: RUDOLF GmbH

Mogul Recognized For Business Spirit With The IDEA® 2016 Award For Entrepreneur Achievement

GAZIANTEP, Turkey — June 8, 2016 — IDEA annually recognizes companies and products in the nonwovens industry which exhibit market leadership and are innovative products.  Among award categories this year Mogul Nonwovens was recognized for Entrepreneur Achievement during the awards ceremony at the IDEA 2016 Boston conference on May 4, 2016. This is the second win in this category for Mogul after receiving the same award at IDEA 2001.

Mogul began production of nonwoven fabrics in 1997 at its first plant at Gaziantep in south eastern Turkey. As a family company, Mogul rapidly increased production capacity and product diversity to enter among the top 40 nonwoven producers globally and thereby, garnered its first entrepreneurship award in 2001. Through its recent and significant investments in new and higher value nonwoven technology and new production facility in the United States Mogul earned its second entrepreneurship award this year.  Mogul has ventured into technologically challenging hybrid bicomponent microfilament fabrics and cross-lapped spunlace at its new and third plant located close to Istanbul while also expanding globally with its first overseas plant at South Carolina in the US.

The company remains a family company with slightly over 400 employees in the US, EU, Asia and Turkey.  The award was presented by INDA and Nonwovens Industry Magazine to Mogul President, Enver Kayali, who accepted it on behalf of Mogul employees.  The previous award in 2001 had been accepted by Enver’s father Ekrem Kayali.

Posted June 8, 2016

Source: Mogul

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