ABB Expands The ABB Ability™ Smart Sensor To General Machinery

NEW BERLIN, Wis. — September 26, 2022 — ABB, a global supplier of technology, is now enabling customers to remotely monitor the health and performance of general machinery with the ABB Ability™ Smart Sensor, a key element of the ABB Ability™ Digital Powertrain.

The ABB Ability™ Smart Sensor turns rotating equipment including drives, motors, and applications such as pumps, into smart, wireless connected assets. This new innovative solution is designed to detect potential asset disturbances and planned maintenance before the reliability, productivity and safety of machinery are impacted. The smart sensor fits to the assets surfaces, collecting and transmitting data via smartphone or gateway to a secure cloud service. Advanced algorithms analyze the data to provide real-time insights into the condition and performance of monitored assets. The asset to be monitored is chosen during commissioning. All components of a powertrain can be monitored via one portal; either individually or as part of the complete powertrain.

The ABB Ability™ Smart Sensor is ideal for application in hazardous areas and harsh environments. The sensor’s enclosure is designed to withstand high vibration levels and protects from total dust ingress (IP66/67). The sensor is certified for ATEX, IECEx and NEC 500.

Learn more about ABB Ability™ Digital Powertrain and Smart Sensor by visiting ABB.

Posted: September 26, 2022

Source: ABB

Texworld Evolution New York City: Winter 2023 Edition To Bring Brand New Product Categories And Exciting Partnerships

NEW YORK CITY — September 9, 2022 — Texworld NYC and Apparel Sourcing NYC return to the Javits Center in New York City with focus on transformation and invigoration.

Reflecting the ever-changing climate of the globally connected industry, Texworld Evolution New York City serves as a nexus for growth and the future of the largest sourcing event on the East Coast.

The co-located event composed of Texworld NYC, Apparel Sourcing NYC, and Global Footwear Sourcing is set to bring attendees three full days of global sourcing, networking, education, workshops, curated trends and more. With a focus on expanding fashion textile, component, and apparel sourcing, the evolved and elevated show floor will feature multiple new product and service categories including finished footwear and design studios as well as exciting new partnerships to be announced soon.In addition to the event’s mainstay features, the Lenzing Seminar Series, Textile Talks, and Texworld Trend Showcase, visitors can discover even more inspiration and innovation through live interactive workshops, informative demonstrations, and experiential activations. The event will also include enhanced networking events and enlarged meeting areas on the show floor to create a more inclusive, community building space for both attendees and exhibitors.

Registration for attendees is set to open next week. The event will be held in New York City at the Javits Convention Center, January 31-February 2, 2023. For more detailed information, please visit us online:

www.TexworldNewYorkCity.com

www.ApparelSourcingNewYorkCity.com

Posted: September 26, 2022

Source: The Messe Frankfurt Group

Long-Standing BTMA Member James Heal Is Celebrating Its 150th Anniversary This Year

HALIFAX, England — September 26, 2022 — Long-standing BTMA member James Heal is celebrating its 150th anniversary this year, with the company’s formation dating back to 1872, when it was listed as an oil and tallow merchant and mill furnisher in Yorkshire, England.

“Remarkably, this was seven years before Thomas Edison’s successful invention of the lightbulb, which itself can be considered something of a textile innovation,” says Neil Pryke, UK managing director of James Heal’s parent company since 2014, PPT Group. “Its world-changing introduction centred around an uncoated cotton thread that when carbonized to become the filament, could last 14.5 hours.”

Needless to say, on its journey to becoming the leading testing equipment manufacturer for textiles and nonwovens it is today, there have been many internal lightbulb moments within the James Heal organization over the years — as early as 1899 there are records of the delivery of the first twist tester by the company to a local mill.

Fast forward to 2022 and James Heal continues to expand its range, with a  focus on making testing simple, fast and intuitive — most notably with the introduction of its Performance Testing collection of instruments, most recently the AirPro and HydroView systems.

AirPro

The new James Heal AirPro air permeability tester is used to test the resistance of the flow of air through woven, knitted and nonwoven textiles. Its software offers flexibility with standards and  comprehensive reporting options and different test head sizes are available, making it suitable for a range of applications and standards

“The way clothing interacts with the body, particularly in respect of the dissipation of heat and moisture, plays a major role in the wearer’s perceived comfort,” said James Heal technical specialist Peter Goodwin. “Today, textile fabrics used for clothing have new functional properties to improve the wearer’s sensory and thermal comfort, meaning that air and water vapour permeability is crucial to achieving clothing comfort — particularly for performance apparel such as sportswear and outdoor clothing.

HydroView

The HydroView hydrostatic head tester is meanwhile designed to measure the penetration of water in materials which have an end use that requires water resistance, such as those in the medical, geotextiles and nonwovens sectors. It is also proving essential in the testing of end-use applications for technical textiles, such as in protective gloves, diving dry suits and winter sports apparel, to fishing waders, roofing, tenting, ground sheets and more.

“As more and more brands are investing in new materials and making performance claims on water resistance and waterproofing, the hydrostatic head test is one of the most common ways to test,” says James Heal’s technical specialist Lisa Keeling. “An example of where hydrostatic pressure might be important, is in testing the groundsheet of a tent, for example. This needs a high resistance to water penetration, especially when placed on saturated ground. When pressure is applied to the ground sheet by people standing, sitting or sleeping on it, water could then be forced through. Failure in this area would mean anything in contact with the groundsheet will become wet.”

This is also the case with a performance garment claiming waterproof properties, she adds.

“You need a high hydrostatic head value to demonstrate its defenceability against driving wind, rain and other physical factors. Water pemetration testing is key to understanding the performance of a garment in adverse weather conditions.

“HydroView was developed following extensive user research from which James Heal’s innovation team discovered that users were looking for a more flexible and user friendly instrument than was available on the market. With its manual droplet data-capture, combined with ‘pinch & zoom’ hi-res camera analysis, HydroView was designed for the user.”

“James Heal’s testing instruments are trusted and valued by thousands of manufacturers of textiles and nonwovens around the world,” adds Jason Kent, CEO of the British Textile Machinery Association. “The company has made a solid contribution over many decades to the quality and performance properties of today’s textile products, and just as importantly, enabled its customers to prove their claims.”

Posted: September 26, 2022

Source: The British Textile Machinery Association (BTMA)

Borealis And YILDIRIM Signed A Binding Agreement For YILDIRIM To Acquire Borealis’ Shareholding In Rosier SA

VIENNA, Austria — September 26, 2022 — Borealis AG and YILDIRIM Group’s YILFERT Holding signed a binding agreement for the acquisition of Borealis’ shares in Rosier SA. The offer values the business (enterprise value) at 35 million euros, resulting in a valuation of roughly 11.65 euros per share. Borealis currently holds 98.09 percent of Rosier SA shares and has announced its intention to launch a squeeze out offer for the remaining Rosier’s shares at a price of 20 euros per share in accordance with the Belgian Royal Decree on Public Squeeze-Out Offers. The closing of the transaction is subject to certain regulatory approvals and Borealis concluding the squeeze out.

YILDIRIM Group is one of the fastest-growing Dutch-Turkish industrial conglomerates headquartered in Istanbul, Turkey. As of today, YILDIRIM is active in 9 different sectors, with a presence in 54 countries on 5 continents, employing more than 20,000 people. YILDIRIM’s main business sectors are port management, metals & mining, fertilizers & chemicals, shipping & logistics, energy & power and energy commodities. The Group also owns 24 percent shares of CMA CGM Group, the world’s third biggest shipping & logistics company. YILDIRIM Group is wholly owned by the brothers Ali Riza YILDIRIM and Robert Yuksel YILDIRIM. The Group has achieved sustainable organic and inorganic growth through numerous mergers and acquisitions activities for the last 20 years, focusing on investments and privatizations across the world.

Borealis will continue to focus on its core activities of providing innovative and sustainable solutions in the fields of polyolefins and base chemicals and on the transformation towards a circular economy.

Posted: September 26, 2022

Source: Borealis AG

101 North Carolina Small Businesses Win Grants To Build Next-Generation Technologies

RALEIGH, N.C. — September 22, 2022 — The North Carolina Board of Science, Technology & Innovation announced today that 101 North Carolina small businesses have received 117 grants to advance the commercialization of innovative new technologies. The One North Carolina Small Business Program awarded a total of $4.95 million to innovative companies in 22 counties across the state.

“Support for early-stage technology companies pays off in better jobs, more investment, and new ways to make our state a great place to live and do business,” said Governor Roy Cooper. “These small businesses are tackling society’s most pressing challenges in many areas, including the life sciences, defense, and clean energy. Innovative small companies drive growth and competition, keeping our economy healthy and quality of life high.”

The One North Carolina Small Business Program, established in 2005, provides state grants to companies that are pursuing or have won federal awards through two highly competitive federal programs, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. These federal programs, referred to as America’s Seed Fund,™ support small businesses that are developing technologies with a high potential for commercialization. The SBIR and STTR programs are the single largest source of early-stage technology development and commercialization funding for small businesses—more than $3.7 billion annually nationwide.

“Innovation drives our economy forward, and small businesses are the very best incubators of innovation,” said North Carolina Commence Secretary Machelle Baker Sanders. “The One North Carolina Small Business Program has supported the state’s small technology businesses for many years and I’m proud we’ve been able to extend the program’s reach and boost the number of small companies engaged with the program.”

Two types of state grants were awarded during the new funding round, Incentive grants and Matching grants.

Incentive grants support qualified North Carolina businesses as they prepare and submit SBIR or STTR proposals to federal agencies, helping offset some of the costs of developing these complex proposals. The Incentive program aims to increase the number and quality of proposals submitted for the federal grants, and to encourage broader geographic diversity among the North Carolina businesses that apply.

Matching grants award funds to North Carolina small businesses who have already received a federal Phase I SBIR or STTR award, with the goal of filling gaps left by the federal funding, attracting follow-on investments, and encouraging the businesses to grow their presence in North Carolina. The state matching funds leveraged more than $16 million in federal funds during this round.

This year represents the most geographically diverse cohort in the history of the One North Carolina Small Business Program, with companies in 22 counties — from Brunswick to Yadkin — receiving awards. The variety of projects funded was also the most diverse in the program’s history, with grantees receiving funding from 10 different federal agencies (out of 11 agencies that participate in the SBIR/STTR programs). Additionally, the number of first-time applicants receiving awards was the highest since the One North Carolina Small Business Program was established.

The One North Carolina Small Business Program is administered by the North Carolina Department of Commerce on behalf of the North Carolina Board of Science, Technology & Innovation.

“Recognizing the continued importance of fostering innovation statewide, this year the Board took deliberate action to create a larger and geographically diverse cohort,” said Rick Webb, chair of the Board’s Outreach & Funding Committee. “The Board’s actions are bearing fruit in more cities and counties. Demand for this program is strong and growing, and with increased funding, we can help North Carolina companies stay competitive as other states start to offer similar support for their small businesses.”

Since 2006, the One North Carolina Small Business Program has helped just over 400 companies across the state develop and bring to market hundreds of high-tech products. North Carolina is among a handful of innovative states that have chosen to bolster their economy this way. The Program’s grants support small businesses at a critical stage of their growth, shortening the time needed from technology development to the point where they become large, successful businesses. Many recipients have said the grants were the vital injection of capital they needed to put their companies on a successful trajectory.

The Program has been responsible for helping to create 1,000 North Carolina jobs, the development and commercialization of hundreds of high-tech products, and the generation of more than $2 billion in follow-on capital investments.

The entire list of One North Carolina Small Business Program awardees can be reviewed at the Commerce website.

Posted: September 23, 2022

Source: North Carolina Office of the Governor

Saint-Gobain’s Acquisition Of GCP Applied Technologies To Close On September 27, 2022

MALVERN, Pa. — September 22, 2022 — Saint-Gobain has now obtained approvals from all relevant competition authorities for its acquisition of GCP Applied Technologies Inc., a global player in construction chemicals, announced on December 6, 2021. The acquisition will close on September 27, 2022. GCP will delist from the New York Stock Exchange.

With approximately $1 billion revenues generated in 2021 by 1,800 employees working on 50 production sites in 38 countries, GCP Applied Technologies provides a global platform with established success in cement additives, concrete admixtures, infrastructure and commercial and residential building materials.

This acquisition is a major milestone in establishing Saint-Gobain’s leading position worldwide in construction chemicals and furthers the Group’s strategy as worldwide leader in light and sustainable construction.

The specialty building materials business in North America (c. $250 million of sales) will be integrated into the CertainTeed business serving local customers in its Region. All other businesses, consisting of mainly concrete admixtures and cement additives (c. $750 million of sales) will be combined with the Chryso business and be part of the High Performance Solutions segment.

The acquisition of GCP Applied Technologies follows several other growth investments in North America announced by Saint-Gobain in recent months:

  • In August, Saint-Gobain completed its $928 Million acquisition of Kaycan Ltd., a family-owned manufacturer and distributor of exterior building materials, becoming the top siding player in Canada.
  • In May, Saint-Gobain announced a $100 Million expansion of its CertainTeed roofing facility in Peachtree City, Ga., more than doubling the site’s production capacity while also reducing its carbon dioxide emissions.
  • Also in May, the company announced a $28 Million investment in its ADFORS technical textile products facility in Dublin, Ga., creating 400 jobs over the next two years.
  • In April, Saint-Gobain announced it was doubling the manufacturing footprint of its CertainTeed Architectural manufacturing site in Lakewood, Ohio, by moving to a new, state-of-the-art location in nearby Strongsville, Ohio.
  • Also in April, Saint-Gobain announced a $118 Million expansion of its CertainTeed roofing plant in Oxford, N.C., adding an additional 225,000 square feet of manufacturing space to what was already one of the largest roofing shingle manufacturing sites in North America.
  • In February, the company invested $32 Million in its CertainTeed insulation manufacturing site in Chowchilla, California, increasing the location’s production capacity by 13 percent while also reducing its carbon footprint.

Posted: September 23, 2022

Source: Saint-Gobain

Columbia Sportswear Outlines Strategic Priorities And Plan To Accelerate Profitable Growth

PORTLAND, Ore. — September 22, 2022 — Columbia Sportswear Co. — a multi-brand global innovator in outdoor, active and lifestyle products including apparel, footwear, accessories and equipment — is hosting a meeting with investors and analysts at its headquarters to outline the Company’s strategic priorities and growth strategies, and introduce three-year financial targets.

Chairman, President and CEO Tim Boyle commented: “From our IPO in 1998 to 2021, Columbia Sportswear Company delivered a 9 percent net sales compound average growth rate (CAGR), 11 percent diluted earnings per share CAGR and a 13 percent annual total shareholder return. Today, we are providing multi-year financial targets that demonstrate our confidence in our ability to accelerate growth opportunities over the next three years and beyond.

“Our three-year plan outlines our balanced, broad-based growth that will be amplified by three key accelerators: footwear, international expansion and digital sales growth. Columbia, with its differentiated innovation and value proposition, will add over $700 million in net sales by 2025. SOREL is expected to be our fastest growing brand, generating a 20 to 22 percent 3-year CAGR, fueled by its year-round product offering and brand momentum. We anticipate delivering operating margin improvement over this time period, while investing in several areas, including demand creation and digital and supply chain capabilities.

“We are focused on our strategic priorities to:

  • Accelerate Profitable Growth by unlocking the full potential of our brand portfolio;
  • Create Iconic Products that are differentiated, functional and innovative;
  • Drive Brand Engagement through increased, focused demand creation investments to grow brand awareness and build brand affinity;
  • Enhance Consumer Experiences by investing in capabilities to delight and retain consumers and better serve our wholesale partners;
  • Amplify Marketplace Excellence, with a digitally-led, omni-channel global distribution strategy that clearly reflects the quality and value of our products, wherever consumers choose to shop; and
  • Empower Talent that is driven by our core values, through a diverse and inclusive workforce.”

2022-2025 3-Year Financial Targets

(Additional financial outlook details can be found in the Investor Day presentation).

“Given the confidence we have in the collective strength of our brands and our ability to execute our strategic priorities, we are setting a 13 to 17 percent total annual shareholder return target over the three-year time period spanning 2023-2025,” said CFO Jim Swanson. “We’re poised to accelerate profitable growth with broad-based momentum across our portfolio and geographies, and further amplified with a focus on footwear, international and digital sales growth.”

Execution of the company’s plan is expected to achieve the following financial objectives for the period beginning January 1, 2023, through December 31, 2025:

  • Net sales are expected to grow at a three-year CAGR of 9 to 11 percent, compared to the midpoint of our 2022 financial outlook, reaching $4.5 to $4.7 billion in 2025.
  • Operating margin is expected to expand to approximately 14 percent of net sales in 2025.
  • Diluted Earnings per Share is expected to grow at a three-year CAGR of 12 to 15 percent compared to the midpoint of 2022, reaching $7.35 to $7.95 in 2025.
  • The Company is targeting an Annual Total Shareholder Return (TSR) of 13 to 17 percent, inclusive of net sales growth, margin expansion, dividends and share repurchases.

Full Year 2022 Financial Outlook Update

The company is reaffirming its full year 2022 net sales outlook of $3.44 to $3.50 billion, representing net sales growth of 10 to 12 percent compared to 2021, and full year 2022 diluted earnings per share outlook of $5.00 to $5.40.

Posted: September 23, 2022

Source: Columbia Sportswear Co.

112-Year-Old Linen And Textile Provider George Courey Transitions To The Fourth Generation Of Ownership

LAVAL, Quebec — September 23, 2022 — George Courey Inc., a 112-year-old business, owned by the same family for four generations, has undergone a successful transition from the third to the fourth generation. Taking a century-old business into the future requires a business acumen and maturity of leadership which Jeffrey Courey and Robert Courey bring to the table.

On September 15, 2022, the George Courey Inc. headquartered in Laval hosted the transition ceremony, in the presence of representatives from the House of Commons, clients and employees. Mindful of the wealth of experience Jeffrey Courey accumulated in the company as COO for 7 years, he was promoted to the role of president and CEO in January 2020. Robert Courey, who served for 16 years as the director of Business Development became the Vice President in May 2022.

Against the shifting sands of uncertainties induced by the Covid 19 pandemic and the high demand for limited supplies of personal protective equipment, George Courey Inc. never wavered in its mission to actively support governments in bringing much needed relief to hospitals and care homes. George Courey Inc. is currently known as a leader in North America’s linen and textile production and distribution. Inching closer to the creation of new warehouses in different locations across Canada and the United States is the next milestone unfolding.

Articulated by Jeffery Courey as “the passing of the torch to a new generation of Coureys, well-positioned to steward this company into the next century through our focus on People, Planet and Progress.” This will partly entail in his own words “continued success in the growing USA market while promoting reusable textiles across multiple sectors, offering our clients outstanding value, sustainable product innovation and an unparalleled customer experience.”

With Jeffrey and Robert at the helm, the company’s reputation as one of North America’s most reliable and respected linen and textile providers will continue to grow.

Posted: September 23, 2022

Source: George Courey Inc.

Apparel Impact Institute Announces The PVH Foundation As The Newest Lead Funder To The $250M Fashion Climate Fund 

SAN FRANCISCO, Calif. — September 22, 2022 — Apparel Impact Institute (Aii), the nonprofit organization dedicated to mobilizing climate action in fashion, today announced that The PVH Foundation is joining the catalytic $250 million Fashion Climate Fund as a lead funder. This advances the Fund’s aim to drive industry-wide convergence to modernize the fashion industry supply chain and meet the industry’s ambition to halve carbon emissions by 2030.

The PVH Foundation, which leads the global philanthropic efforts of PVH Corp., is the newest addition to the Fashion Climate Fund. PVH Corp., which owns iconic brands such as Tommy Hilfiger and Calvin Klein, joins Lululemon, H&M Group, H&M Foundation, and The Schmidt Family Foundation as a lead funder, with each committing $10M. This investment underscores PVH Corp.’s enduring trust and belief in Aii as a critical partner and intellectual clearinghouse that will help reach the fashion industry’s 2030 climate goals.

The first-of-its-kind Fashion Climate Fund is strategically designed to leverage industry treasury and philanthropic funds to execute foundational supply chain improvements; these include transitioning to renewable electricity, improving energy efficiency, eliminating coal in manufacturing, scaling sustainable materials and practices, and accelerating next-generation materials. In doing this work, the Fashion Climate Fund will also derisk investment opportunities, allowing the industry to engage larger financial institutions to unlock an estimated $2B in additional asset classes, including debt and equity.

“The leadership shown by PVH Corp., a long-time partner to Aii, represents a big step forward in our work to tackle fashion’s supply chain emissions,” said Lewis Perkins, Aii president. “The PVH Foundation is helping to fuel the Fashion Climate Fund’s unique grantmaking engine to accelerate proven programs, solutions, and innovations into the supply chain to lower carbon emissions.”

“Our company purpose, to power brands that drive fashion forward for good, is at the core of our multiyear growth plan and has guided us for many years,” says Stefan Larsson, PVH Corp. CEO. “We know that collaboration and funding are critical to driving solutions that address the fashion industry’s contributions to climate change and are proud to be supporting the Fashion Climate Fund in this work.”

Since the Fashion Climate Fund and first round of lead funders were announced in June 2022, Aii has made strides in developing the Climate Solutions Portfolio, an online registry of initiatives that tackle supply chain carbon emissions; finalizing the strategy and approach for the Fund’s blended capital approach; and building the framework for onsite carbon data collection.

In the coming months, Aii will continue to deploy funding into supplier carbon target-setting and prioritization projects, Clean By Design efficiency programs, and renewable energy pilots, and build the “use of funds” strategy for 2023, while it convenes more partners into this Fund and grows strategic relationships with investment capital, both commercial lending and private equity, looking toward the $2B capital unlock.

Posted: September 23, 2022

Source: Apparel Impact Institute (Aii)

HeiQ Launches HeiQ Allergen* Tech Making Home Textiles Sanitation Easier And Lasting

ZÜRICH, Switzerland — September 22, 2022 — HeiQ announces the launch of a 100-percent biobased, proprietary textile technology, HeiQ Allergen Tech, which aims to improve the lives of all the ones who suffer from allergies. This technology reduces inanimate allergens, like house dust mite matter, and pet allergens, and can be easily added in the finishing stage of the manufacturing process of textiles for bedding and furniture purposes.

Allergies are one of the most prevalent health problems in the world, estimated to affect about 40 percent of the global population, according to an article in the International Archives of Allergy and Immunology.

Building upon its tested and proven, proprietary Synbio ingredient, HeiQ is now launching HeiQ Allergen Tech, a new textile finish for home textiles, and textiles used for furniture and public transportation.

100-percent biobased HeiQ Allergen Tech creates an invisible protective layer that lasts at least 20 washing cycles and beyond according to performed tests. Its main advantage is cutting down the proliferation of allergens such as house dust mite matter and pet allergens (pet hair, dander, saliva), and creating conditions for reducing the health threats they pose to millions of people.

Sleeping with the “enemy”

One of the unsuspicious settings where these allergens are most present is in our bedrooms, mainly through accumulation in the sheets and other bedding items.

During sleep and when we make our beds, we inadvertently launch these allergens into the air and we end up breathing a high number of them, causing respiratory, skin, and ocular problems, just to name a few of the ones they cause (according to an article in the Iranian Journal of Public Health). Even just sleeping means that our body and airways are exposed between 6 to 8 hours each night, which is considered to be a long exposure.

According to Dr. Robin Temmerman, CEO of HeiQ Chrisal and Ph.D. in microbiology: “Chrisal joined HeiQ about a year ago on the mission to improve the lives of billions of people. It’s exciting to combine my two decades of research on synbiotics with HeiQ’s leading textile innovation capability to come up with the world’s first 100-percent biobased anti-allergen technology for textiles.

Our proprietary HeiQ Allergen Tech achieves an impressive reduction of allergens that can become airborne in our living and sleep environments, in nature’s way. It has a full biologic origin and utilizes the natural process of probiotic colonization on the textile surface to effectively reduce inanimate allergens.”

Certified for lasting protection

Several tests have proven the high effectiveness of HeiQ Allergen Tech in reducing the levels of house dust mite matter (96.6%), allergens from dog hair (76.5%) and cat hair (83.6%), keeping a durable effect even after frequent washing. Following these results, Allergy UK has assessed and certified HeiQ’s new allergen control textile technology.

This technology becomes even more helpful when applied to furniture textiles such as sofas or public transportation seats, which are more difficult to wash or sanitize.

*for inanimate allergens only

Posted: September 23, 2022

Source: HeiQ Materials AG

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