Composites One Acquires Process Materials Business From Solvay

SCHAUMBURG, Ill. — March 2, 2021 — Composites One, a North American supplier of composites materials and value added services, has completed its purchase of the Process Materials business from the Solvay Composites Materials Global Business. The acquisition is a unique opportunity for the company to add international manufacturing and sales capabilities in specialized materials used in a variety of vacuum-assisted composite manufacturing processes.

Working with Composites One on the successful acquisition was Emko Capital, which specializes in investing in and managing privately held industrial and manufacturing businesses.

The acquired business has been rebranded as Aerovac and is a major manufacturer, developer and supplier of process materials, tooling and services used in prepreg processing, vacuum infusion, glass lamination, and other industrial applications.

The Aerovac brand was first established in the 1970s in Europe and has always represented innovation in process materials. It changed in 2000 to Richmond/Aerovac, a name referenced in current Aerospace specifications. “The name Aerovac pays homage to the brand’s heritage and customer focus which is now combined with the market presence of Composites One,” said Robert Murdock, vice president and general manager of Aerovac.

The Aerovac line is comprised of an extensive array of vacuum bagging materials, from bagging films, breather fabrics, release films and fabrics, to peel plies, sealant tapes, valves and hoses. Also available are tailored process materials kits and hard and soft tooling.

These products are the same quality process materials that Composites One has been providing to customers the past two years while serving as Solvay’s North American distributor. “Aerovac is a natural, strategic extension of Composites One’s business.” said Steve Dehmlow, CEO of Composites One. “It positions us for future growth, and further establishes Composites One as a major supplier to the Aerospace, Wind Energy and Marine markets.”

“We believe that the Process Materials business will greatly benefit from being part of Composites One,” said Carmelo Lo Faro, president of Solvay Composite Materials Global Business Unit. “Their intent is to grow and invest in the business, fostering innovation, reliability and customer service and build on the excellent work that our Team has done.”

With the acquisition, Composites One gains multiple manufacturing, kit design/fabrication and materials distribution locations including Santa Fe Springs, Calif.; Sumner, Wash.; Keighley, England; Mondovi, Italy; and Toulouse, France. An additional site in Toulouse focuses on the design and manufacture of hard and soft tooling. Another attractive inclusion is a U.K.-based distribution business, Med-Lab, which trades in aircraft engine overhaul consumables and fuel testing instruments.

Posted March 2, 2021

Source: Composites One

Canada Goose And NBA Announce Multiyear Partnership

Canada Goose & NBA Collection with RHUDE Chilliwack Bomber, Portage Jacket, Freestyle Vest, Macmillan Parka

TORONTO — March 2, 2021 — Today, Canada Goose announced a multiyear partnership with the National Basketball Association (NBA) that makes Canada Goose a Proud Outerwear Partner of NBA All-Star. In support of the partnership and timed to the NBA’s annual All-Star celebration, Canada Goose will develop an exclusive design collaboration each year for players and fans alike. This year’s design partner is Los Angeles-based brand, RHUDE, known for balancing luxury techniques with streetwear elements.

“Canada Goose has been a coveted brand across the influential arenas of film, entertainment and sport for decades. This multiyear partnership is a significant milestone for Canada Goose and the NBA; and our inaugural design partner, RHUDE, known for a culturally impactful approach to design, is the perfect tipoff partner,” said Dani Reiss, president and CEO, Canada Goose. “While this year looks different, we are proud to celebrate the players who have always supported us.”

“We are excited that Canada Goose will be recognizing the players and their accomplishments with their All-Star collections in the years ahead,” said Salvatore LaRocca, NBA President, Global Partnerships. “Canada Goose will bring its legacy of style and innovation to the league’s global celebration of the game.”

The inaugural year of the partnership will launch with the Play in the Open challenge, born from Canada Goose’s Live in the Open ethos — the brand’s invitation to express oneself freely and without judgement.  The Play in the Open challenge will launch on TikTok on March 4 with a Tip Off Crew performing their best basketball trick. The Tip Off Crew, including RHUDE’s Founder, Rhuigi Villaseñor, and NBA center James Wiseman, will challenge followers to join in with their best spin, dunk or dribble and challenge three people to do the same – all in the spirit of coming together while staying apart.

The Canada Goose & NBA Collection with RHUDE is a four-piece unisex outerwear capsule designed for the elements and built for year-round use. Canada Goose is inspired by its archives, and each style reflects its heritage, including quilting, patches, bold branding and vintage washed colours and prints, all with distinct design cues from RHUDE.

“The NBA merges cultures, socioeconomics and brings people around the world together in the name of sport.  Canada Goose is an innovative lifestyle brand, redefining the category. It was a no-brainer to partner with these two iconic brands,” said Rhuigi Villaseñor, founder, RHUDE. “This collaboration honours the heritage of both the NBA and Canada Goose, and is a tribute to the athletes that already covet the brand.”

The collaboration’s pinnacle piece is the Freestyle Vest, a layering necessity fit for shoulder seasons, transitional temperatures, and premier protection. Freestyle Vests from this year’s Canada Goose & NBA Collection with RHUDE will be made available to all 2021 NBA All-Star participants and will be available for sale through canadagoose.com and select Canada Goose retail stores in the United States and Canada.

The Portage Jacket, a relaxed-fit trench coat, is sought-after for its versatility and convertible length, easily customizable via snap closures. The capsule’s two parkas are Canada Goose’s classics — the Chilliwack Bomber and Macmillan Parka. The Chilliwack is known for its durability, warmth and mobility, while the Macmillan provides fundamental protection for active city living. Each style is exclusively finished off with the Canada Goose disc, NBA logo and RHUDE patch. Canada Goose’s promise to inspire and enable all people to thrive in the outside world comes to life through the collection and Play in the Open, championing freedom of expression.

This Canada Goose and NBA partnership is an expansion of Canada Goose’s activation during NBA All-Star 2016 in its hometown of Toronto, where the company created limited edition co-branded parkas for both NBA All-Star teams.

The 2021 NBA All-Star Game will be held on Sunday, March 7 at State Farm Arena in Atlanta, home of the Atlanta Hawks. The Canada Goose & NBA Collection with RHUDE drops right before Sunday’s game, starting March 5 at select Canada Goose retail stores and online at canadagoose.com in the United States and Canada.

Posted March 2, 2021

Source: Canada Goose

Oerlikon To Be Operationally Climate Neutral By 2030 — Publishes Its First Sustainability Report

PFÄFFIKON/SCHWYZ, Switzerland — March 2, 2021 — Oerlikon today made a strong public commitment to sustainability by publishing its first Sustainability Report, Innovation for a Sustainable Future.

“Sustainability has been an integral part of our strategy that drives our innovations and operations to serve our customers’ needs for many years,” stated Dr. Roland Fischer, CEO Oerlikon Group. “With the report, we now make a public commitment and join the ranks of people proactively engaging with sustainability and inspiring others to do the same.”

Helping customers in key industries to achieve more with less is an integral part of Oerlikon’s value proposition, technologies and operations. Based on the materiality analysis, Oerlikon has selected 8 out of the 17 United Nations Sustainable Development Goals (SDGs) where the company can make the most difference for its stakeholders.

Environmental, social and governance targets for 2030 have been set by the Group in areas that align most closely with its operations, policies and capabilities. These targets, for example using only energy from renewable sources and increasing the number of women in leadership roles, have been selected with care and consideration in areas where Oerlikon can make the greatest impact.

“Setting ambitious targets, such as achieving climate neutrality in our operations by 2030, clearly underlines our commitment,” added Dr. Fischer. “We also intend to have 100 percent of our R&D investment in new products to cover the ESG criteria. We have always seen innovation and sustainability as interdependent — for example, in 2019, our innovative technology solutions for jet engines helped our customers in the aerospace industry to save 25 million tons of CO2. At the same time, the CO2 impact of our own global operations was only 157,000 tons.”

Oerlikon has many other tangible examples of how its engineering and processing of materials and surfaces contribute to sustainability in collaboration with its customers. Oerlikon’s technologies lengthen the useful life of machinery and tools, improve automotive and aerospace fuel efficiency and pioneer advances in textile manufacturing and the future of mobility.

Oerlikon’s 2020 Sustainability Report is prepared according to the internationally recognized GRI Sustainability Reporting Standards1, underlining the Group’s commitment to transparently sharing its sustainability achievements and progress, and is accessible online at www.sustainabilityreport.oerlikon.com.

1 GRI Standards (core option).

Posted March 2, 2021

Source: Oerlikon

JEC World 2021 Postponed: Next JEC World Will Take Place March 8-10, 2022

PARIS — March 2, 2021 — The continued impact of the COVID-19 pandemic unfolding throughout 2021 has forced the JEC World team to reexamine the possibility of holding the next edition of JEC World this year. Thus, after thorough consultation of clients and partners, the JEC World team has decided to postpone the next edition of JEC World to March 8-10, 2022.

Amidst growing concern among our exhibitors and partners surrounding the critical situation of the COVID 19 restrictive measures and other limitations in place in many countries, the JEC World team has decided to work on a new timeline to hold the next edition of the event in the best conditions in 2022. Thus, JEC World exhibitors were asked to respond to a survey offering two new dates to determine which one would suit them the most. It appeared that 89 percent of respondents favored holding the next JEC World session from March 8-10, 2022.

“The coronavirus pandemic situation has taken the central stage, so in light of the current situation, it would not be possible for us to satisfy our customers’ requirements for such an international trade fair as JEC World in June. We truly regret having to make this difficult decision once again. However, we are all committed, starting today, to deliver the best JEC World experience to our clients in 2022,” said Eric Pierrejean, CEO of JEC Group. “While waiting for welcoming the international composites community back to Paris in March 2022, JEC Group team is preparing various online Rendez-Vous in June enabling the entire composites community to discover trends and innovations, and to connect,″ he added.

Posted March 2, 2021

Source: JEC Group

Huntsman Textile Effects, Sciessent Partner To Enable Sustainable Microbe- And Odor-Resistant Textiles

SINGAPORE March 2, 2021 — Huntsman Textile Effects and Sciessent have entered into a strategic partnership to bring revolutionary antimicrobial and odor-control solutions to textile mills and brands worldwide.

As consumers around the world begin paying more attention to health and hygiene, Huntsman Textile Effects and Sciessent will cooperate to help mills and brands deliver active wear, outerwear, home textiles and other products with long-lasting protection against microbial growth and odor. Huntsman Textile Effects will also become the exclusive distribution partner of Sciessent’s Agion® Antimicrobial*, Lava XL® anti-odor solution, and dual-action Active XL®.

“Both Huntsman Textile Effects and Sciessent share a deep commitment to innovation, environmental sustainability and customer service. As partners, our joint goal is to offer the highest level of protection for textiles so that they stay fresher for longer,” said Rohit Aggarwal, president of Huntsman Textile Effects. “Huntsman Textile Effects now has one of the industry’s most complete end-to-end systems for high-performance protection effects, with a full range of innovative and sustainable protection and comfort technologies from pre-treatment to coloration and finishing.”

“Our presence in the global textile and apparel market has been rapidly expanding based on the strength of our solution set and reputation for delivering an exceptional customer experience,” said Sciessent CEO Paul C. Ford. “Through this partnership, we are both extending our reach to manufacturers and enhancing our offerings by coupling them with Huntsman Textile Effects’ broad range of innovative and sustainable protection technologies. It is a great opportunity for manufacturers to differentiate their products through the combined strength of our brands.”

Sciessent is recognized for the proven effectiveness and safety of its antimicrobial and anti-odor technologies throughout the global textile and apparel industry.

Sciessent Agion Antimicrobial is the industry-leading antimicrobial solution. Designed with smart-release technology, it delivers long-lasting protection by releasing its active antimicrobial agents only when needed. It can be built-in or applied via padding, exhaust or package yarn to any textile alongside other functional finishes, dyes, inks and pre-treatments. Durable up to 100 home washes, Agion is also customizable to meet brands’ performance and cost goals. Agion Antimicrobial has been used on FDA-approved medical devices.*

Sciessent Lava XL is a next-generation non-bioactive odor-control solution, ideal for sportwear and athleisure wear. While other odor-control technologies capture odors and release them during laundering, Lava XL’s triple action technology utilizes zeolite minerals with a large surface area to capture, absorb and degrade odors as they pass through the fabric.

Sciessent Agion Active XL combines the advanced dual technologies of Agion Antimicrobial and Lava XL to deliver outstanding odor protection. The antimicrobial fights odor-causing bacteria on the garment, while the odor-control solution captures odor generated by sweat on the skin. The result is that garments smell fresher for longer and sustain a high level of performance for more wears.

The Sciessent solutions are easily integrated into the finishing process and can be combined with a range of other finishes, including Huntsman Textile Effects’ durable water repellents and comfort systems to cost-effectively produce high-performance textile products that are safe and sustainable.

Huntsman Textile Effects and Sciessent both champion environmentally responsible products that help the textile industry meet its regulatory obligations and the expectations of the world’s most exacting brands and consumers. The Agion, Lava XL and Active XL products are all bluesign® approved and listed on the Zero Discharge of Hazardous Chemicals (ZDHC) Foundation ZDHC Gateway, complying with ZDHC Level 3 requirements.

*The Agion® Antimicrobial is presently registered by the United States Environmental Protection Agency as a preservative and bacteriostatic agent for use in treated articles under 40 CFR 152.25a. The information presented herein is not intended to support or endorse public health claims for treated articles. The Agion® Antimicrobial is also used in medical devices under the Food and Drug Administration; those medical device claims are based on safety and efficacy testing and are limited to those approved by FDA.

Posted March 2, 2021

Source: Huntsman Textile Effects

New Format for AATCC Spring Meetings 

RESEARCH TRIANGLE PARK, N.C. — March 2, 2021 — This Spring 2021, AATCC Remote Committee Meetings will be separated into two weeks. AATCC Administrative Committees will meet remotely April 13-15, 2021, to discuss the business and administrative activities of the association. AATCC Research Committees and Interest Groups will meet remotely May 11-13, 2021, to develop test methods, conferences, and other educational programs or publications.

As always, there is no fee or membership requirement to attend administrative or research meetings. AATCC membership is available to textile professionals who would like voting rights on committee ballots. AATCC voting members impact the textile standards and programs used around the world.

It is fast and easy to register free online with new simplified registration process. Attendants no longer need to select individual meetings in advance. Just register for the series as a whole with one click and create a detailed schedule at your convenience later on.

Meetings can now be automatically added to calendars — including the specific URL to join. Each meeting has a unique URL and dial-in ID to avoid confusion and overlap. Once registered, attendants will receive links for all available meetings.

Several committees will host speakers in addition to holding their regular business meetings.

Watch the AATCC website, publications, and social media for meeting updates, including speakers and other special presentations. Committee members will receive minutes and agendas as they are available. Please be part of the great work of these committees.

Posted March 2, 2021

Source: AATCC

Humanetics Group acquires Human Solutions and Avalution

KAISERSLAUTERN, Germany/FARMINGTON HILLS, Mich. — March 2, 2021 — The Humanetics Group, the global leader in safety testing and developer of biofidelic crash test dummies, software modeling and custom sensor solutions, is pleased to announce the acquisition of Human Solutions GmbH and Avalution GmbH, leaders in virtual ergonomic design software. Through the acquisition, Humanetics adds critical tools used by vehicle designers around the globe to develop interior environments for occupants that are safe, comfortable and ergonomically pleasing. Human Solutions and Avalution will continue to be led by the current management team from their headquarters in Kaiserslautern, Germany, and satellite offices in Munich and Cary, N.C.

For nearly 20 years, Human Solutions has led the mobility sector as the market standard for virtual ergonomics design through its RAMSIS software. Avalution is a specialist in 3D body scanning and has the largest international database of human body dimensions and shapes. The combined tools are used by most major vehicle manufacturers, aerospace companies and defense groups. By leveraging its proprietary Avalution database containing over 100,000 custom body scans from around the globe, the RAMSIS software allows users to create virtual vehicle interiors and custom 3D CAD avatars that realistically simulate vehicle occupants to evaluate ergonomic and comfort parameters during the early stage of prototype development. Both are also used in the fashion industry, sports equipment and helmet design, and uniform and industrial clothing designers to ensure sizing is adapted for a broad range of body types and humans of all sizes.

Chris O’Connor, President and CEO of Humanetics Group, said “We are thrilled to welcome Human-Solutions and Avalution to the Humanetics Group. There is a very natural complimentary synergy in our solutions, customers, and capabilities. Both companies share a unique purpose that puts humans at the center of design and innovation. Both companies create highly sophisticated models of human bodies that enable engineers to design vehicles that keep humans safe, in proper position and in full control of the vehicle at critical moments in the driving experience.”

What will the future bring?

“Bringing safety and ergonomics design and testing validation together is revolutionary. In the next 10 years our customers have a huge challenge to launch more electric vehicles with more advanced levels of semi-autonomous driving. We will help them accelerate their speed to market with our simulation models and validate their vehicles with physical testing and integration of safety and ergonomics together in a turn-key offering. With the largest global database of scanned bodies, we can help improve the equitable safety and comfort for all occupants. And with the Humanetics Group global footprint we can offer local support to RAMSIS in every market around the world,” added O’Connor.

The founder of Human Solutions and Avalution, Dr. Andreas Seidl, will continue to lead both companies as Managing Director. “For us, the integration into the Humanetics family of companies is the logical result of our ongoing corporate strategy”, noted Dr Andreas Seidl. “We have successfully completed several joint projects in the past together, so we are confident in the synergies of our expertise and cultures. By joining forces, we can maximize the value of our data and ergonomic expertise and make it available for other areas of vehicle development in the future, such as autonomous driving, which entails entirely different occupant requirements for a vehicle.”

Jeff Lewis, Chief Commercial Officer of Humanetics Group commented, “By adding these critical ergonomics design tools, we will be better able to address the increased risk of injury of many occupant groups of different gender, height, weight and age. This is not simply a marginal improvement – that is a paradigm shift in safety design. It will enable OEMs to maximize comfort, ergonomics and safety for a broader range of occupants. Further, with these developments we will bring the power of machine learning and simulation to the heart of equitable safety in transport. This will enable our customers to develop vehicles that further reduce injuries especially among more vulnerable occupants.”
The acquisition does not include the sister companies of Human Solutions and Avalution – Assyst GmbH, AVM GmbH and Sistemi Assyst (Lainate/Italy) – which will remain independent. Financial terms of the agreement were not disclosed.

March 2, 2021

Source: Humanetics Group

Blake Millinor Named President Of Valdese Weavers

New Valdese Weavers’ President Blake Millinor

VALDESE, N.C. — March 1, 2021 — Mike Shelton, President and CEO of Valdese Weavers, announced Blake Millinor’s appointment as President today at the company’s headquarters in Valdese, N.C. Shelton will continue to serve as CEO of the company. Millinor will assume CEO responsibilities when Shelton steps down later this year from his leadership role at Valdese Weavers that he has held for the past 25 years.

“Blake and I have worked together at Valdese Weavers for the past two decades.” said Shelton. “He is uniquely qualified to lead Valdese Weavers into our next chapter(s), and carry forward our long standing track record of achievement and success competing in the global textile industry. He is a highly respected industry veteran and will be very effective leading all aspects of our business. His proven leadership coupled with his applied experience in sales and marketing, brand development, global supply chain management, and operations makes Blake the perfect person to lead Valdese Weavers now and into the future.”

Millinor started his career with Valdese Weavers in 2001 and has served as Chief Sales and Marketing Officer of the company since 2014. Millinor was a key contributor in the planning and execution of multiple business acquisitions and positioning Valdese Weavers as a leader in the performance fabric market. Millinor is eager to begin his role as President and says, “I am proud to have been a part of the history of growth we have experienced and am very excited for what the future holds. As an ESOP company, my focus is continuing to deliver value to our customers and the employee-owners of Valdese Weavers.”

Valdese Weavers’ CEO Mike Shelton

Shelton added, “It has been an honor and a privilege for me to lead Valdese Weavers as our President and CEO. We have grown five-fold since I joined the company in 1989. Further, we have doubled our size during the period of globalization that decimated our segment of the domestic textile industry. Most of the great decorative fabric mills in the United States, and many around the world, that we competed with since the 1990’s have since disappeared. Yet, we have not only survived, but have found a way to indeed thrive. This has only been possible because of our customers, who have seen value in our products and services consistently over the years as we continually re-invented our company, striving to better meet their needs. And equally important, the dedication, commitment, and loyalty of our ESOP associates at Valdese Weavers has created our success, inspired by the vision of our talented leadership team. For this I am extremely grateful, and incredibly proud!”

Posted March 2, 2021

Source: Valdese Weavers

Manufacturing PMI® At 60.8%; February 2021 Manufacturing ISM® Report On Business®: Apparel, Leather & Allied Products And Textile Mills Reported Growth

TEMPE, Ariz. — March 1, 2021 — Economic activity in the manufacturing sector grew in February, with the overall economy notching a ninth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:

“The February Manufacturing PMI® registered 60.8 percent, an increase of 2.1 percentage points from the January reading of 58.7 percent. This figure indicates expansion in the overall economy for the ninth month in a row after contraction in March, April, and May. The New Orders Index registered 64.8 percent, up 3.7 percentage points from the January reading of 61.1 percent. The Production Index registered 63.2 percent, an increase of 2.5 percentage points compared to the January reading of 60.7 percent. The Backlog of Orders Index registered 64 percent, 4.3 percentage points above the January reading of 59.7 percent. The Employment Index registered 54.4 percent, 1.8 percentage points higher from the January reading of 52.6 percent. The Supplier Deliveries Index registered 72 percent, up 3.8 percentage points from the January figure of 68.2 percent. The Inventories Index registered 49.7 percent, 1.1 percentage points lower than the January reading of 50.8 percent. The Prices Index registered 86 percent, up 3.9 percentage points compared to the January reading of 82.1 percent. The New Export Orders Index registered 57.2 percent, an increase of 2.3 percentage points compared to the January reading of 54.9 percent. The Imports Index registered 56.1 percent, a 0.7-percentage point decrease from the January reading of 56.8 percent.”

Fiore continued: “The manufacturing economy continued its recovery in February. Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories. Issues with absenteeism, short-term shutdowns to sanitize facilities, and difficulties in hiring workers remain challenges and continue to cause strains that limit manufacturing-growth potential. Optimistic panel sentiment increased, with five positive comments for every cautious comment, compared to a 3-to-1 ratio in January. Demand expanded, with the (1) New Orders Index growing at a strong level, supported by the New Export Orders Index expanding at a faster rate, (2) Customers’ Inventories Index remaining in ‘too low’ territory (at 32.5 percent, tying its all-time low), and the (3) Backlog of Orders Index growing 4.3 percentage points compared to January. Consumption (measured by the Production and Employment indexes) contributed positively (a combined 4.3-percentage point increase) to the Manufacturing PMI calculation. Five of the top six industries reported moderate to strong expansion. The Employment Index expanded for the third straight month, but panelists continue to note significant difficulties in attracting and retaining labor at their companies and supplier facilities. Inputs — expressed as supplier deliveries, inventories and imports — continued to indicate input-driven constraints to production expansion, at higher rates compared to January, as indicated by the Inventories Index returning to contraction territory and another month of slowing supplier delivery performance. Imports marginally slowed in the period, driven by port backlogs. The Prices Index expanded for the ninth consecutive month, indicating continued supplier pricing power and scarcity of supply chain goods.

“Of the six biggest manufacturing industries, five — Chemical Products; Fabricated Metal Products; Transportation Equipment; Computer & Electronic Products; and Food, Beverage & Tobacco Products — registered strong growth in February. Petroleum & Coal Products moderately contracted.

“Manufacturing performed well for the ninth straight month, with demand, consumption and inputs registering strong growth compared to January. Labor-market difficulties at panelists’ companies and their suppliers continued to restrict manufacturing-economy expansion and will remain the primary headwind to production growth until employment levels and factory operations can return to normal across the entire supply chain,” says Fiore.

Of the 18 manufacturing industries, 16 reported growth in February, in the following order: Textile Mills; Electrical Equipment, Appliances & Components; Primary Metals; Paper Products; Chemical Products; Machinery; Fabricated Metal Products; Transportation Equipment; Wood Products; Plastics & Rubber Products; Computer & Electronic Products; Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; Furniture & Related Products; and Nonmetallic Mineral Products. The two industries reporting contraction in February are: Printing & Related Support Activities; and Petroleum & Coal Products.

What Respondents Are Saying

“The coronavirus [COVID-19] pandemic is affecting us in terms of getting material to build from local and our overseas third- and fourth-tier suppliers. Suppliers are complaining of [a lack of] available resources [people] for manufacturing, creating major delivery issues.” (Computer & Electronic Products)

“Supply chains are depleted; inventories up and down the supply chain are empty. Lead times increasing, prices increasing, [and] demand increasing. Deep freeze in the Gulf Coast expected to extend duration of shortages.” (Chemical Products)

“Steel prices have increased significantly in recent months, driving costs up from our suppliers and on proposals for new work that we are bidding. In addition, the tariffs and anti-dumping fees/penalties incurred by international mills/suppliers are being passed on to us.” (Transportation Equipment)

“We have experienced a higher rate of delinquent shipments from our ingredient suppliers in the last month. We are still struggling keeping our production lines fully manned. We anticipate a fast and large order surge in the food-service sector as restaurants open back up.” (Food, Beverage & Tobacco Products)

“Overall capacities are full across our industry. Logistics times are at record times. Continuing to fight through shipping and increased lead times on both raw materials and finished goods due to the pandemic.” (Fabricated Metal Products)

“Prices are going up, and lead times are growing longer by the day. While business and backlog remain strong, the supply chain is going to be stretched very [thin] to keep up.” (Machinery)

“Things are now out of control. Everything is a mess, and we are seeing wide-scale shortages.” (Electrical Equipment, Appliances & Components)

“Labor shortages at suppliers are affecting material deliveries and prices.” (Plastics & Rubber Products)

“We have seen our new-order log increase by 40 percent over the last two months. We are overloaded with orders and do not have the personnel to get product out the door on schedule.” (Primary Metals)

“A sense of urgency is being felt regarding new orders. Customers are giving an impression that a presence of stability is forthcoming and order flow is increasing.” (Textile Mills)

“Prices are rising so rapidly that many are wondering if [the situation] is sustainable. Shortages have the industry concerned for supply going forward, at least deep into the second quarter.” (Wood Products)

MANUFACTURING AT A GLANCE

February 2021

Index Series Index

Feb

Series Index

Jan

Percentage

Point

Change

Direction Rate of Change Trend* (Months)
Manufacturing PMI® 60.8 58.7 +2.1 Growing Faster 9
New Orders 64.8 61.1 +3.7 Growing Faster 9
Production 63.2 60.7 +2.5 Growing Faster 9
Employment 54.4 52.6 +1.8 Growing Faster 3
Supplier Deliveries 72.0 68.2 +3.8 Slowing Faster 60
Inventories 49.7 50.8 -1.1 Contracting From Growing 1
Customers’ Inventories 32.5 33.1 -0.6 Too Low Faster 55
Prices 86.0 82.1 +3.9 Increasing Faster 9
Backlog of Orders 64.0 59.7 +4.3 Growing Faster 8
New Export Orders 57.2 54.9 +2.3 Growing Faster 8
Imports 56.1 56.8 -0.7 Growing Slower 8
OVERALL ECONOMY Growing Faster 9
Manufacturing Sector Growing Faster 9

Manufacturing ISM® Report On Business® data is seasonally adjusted for the New Orders, Production, Employment and Inventories indexes.

*Number of months moving in current direction.

Commodities Reported Up/Down In Price And In Short Supply

Commodities Up in Price

Acetone; Acrylonitrile Butadiene Styrene (ABS) Plastic (2); Aluminum (9); Aluminum Extrusions; Capacitors; Copper (9); Corrugate (5); Corrugated Boxes (4); Crude Oil (3); Diesel (2); Electrical Components (3); Electronic Components (3); Fiberglass Products; Freight (4); High-Density Polyethylene (HDPE) (2); Lumber (8); Methyl Methacrylate; Natural Gas (2); Nylon Fiber (2); Ocean Freight (3); Oil-Derived Products; Packaging Supplies (3); Paper Products (3); Personal Protective Equipment (PPE) — Gloves (3); Plastic Resins (6); Plywood; Polyethylene; Polyethylene Terephthalate (PET); Polypropylene (8); Polyurethane Foam Products; Polyvinyl Chloride (PVC) (5); Precious Metals (2); Propylene (2); Resin-Based Products; Resistors; Rubber Products; Semiconductors; Solvents — Other; Soybean Products (5); Steel (7); Steel — Carbon (3); Steel — Cold Rolled (6); Steel — Hot Rolled (6); Steel — Scrap (3); Steel — Stainless (4); Steel Plate; Steel Products (6); and Wood — Pallets (3).

Commodities Down in Price

Dairy.

Commodities in Short Supply

Acetone; Aluminum; Computer Displays/Monitors; Corrugate (2); Corrugated Boxes (4); Electrical Components (5); Electronic Components (3); Freight — Ocean; Isocyanates; Methacrylate; Personal Protective Equipment (PPE) — Gloves (12); Plastic Products; Polypropylene; Propylene; Semiconductors (3); Steel (3); Steel — Cold Rolled (2); Steel — Hot Rolled (4); Steel — Specialty; and Steel Products.

Note: The number of consecutive months the commodity is listed is indicated after each item.

February 2021 Manufacturing Index Summaries

Manufacturing PMI®

Manufacturing grew in February, as the Manufacturing PMI registered 60.8 percent, 2.1 percentage points higher than the January reading of 58.7 percent. This equals the highest reading since February 2018 (60.8 percent); prior to that, the PMI registered 61.4 percent in May 2004. “The Manufacturing PMI® continued to indicate strong sector expansion and U.S. economic growth in February. Four of the five subindexes that directly factor into the PMI® were in growth territory and at a higher level compared to January. Of the six biggest manufacturing industries, five — Chemical Products; Fabricated Metal Products; Transportation Equipment; Computer & Electronic Products; and Food, Beverage & Tobacco Products — expanded. The New Orders and Production indexes continued to expand at strong levels. The Supplier Deliveries Index continued to reflect suppliers’ difficulties in maintaining delivery rates, due to factory labor-safety issues and transportation challenges. Nine of 10 subindexes were positive for the period; a reading of ‘too low’ for Customers’ Inventories Index is considered a positive for future production,” says Fiore. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

A Manufacturing PMI above 43.1 percent, over a period of time, generally indicates an expansion of the overall economy. Therefore, the February Manufacturing PMI indicates the overall economy grew in February for the ninth consecutive month following contractions in March, April, and May. “The past relationship between the Manufacturing PMI and the overall economy indicates that the Manufacturing PMI for January (60.8 percent) corresponds to a 5-percent increase in real gross domestic product (GDP) on an annualized basis,” Fiore said.

The Last 12 Months

Month Manufacturing
PMI® Month Manufacturing
PMI®
Feb 2021 60.8 Aug 2020 55.6
Jan 2021 58.7 Jul 2020 53.7
Dec 2020 60.5 Jun 2020 52.2
Nov 2020 57.7 May 2020 43.1
Oct 2020 58.8 Apr 2020 41.7
Sep 2020 55.7 Mar 2020 49.7
Average for 12 months – 54.0

High – 60.8

Low – 41.7

 

New Orders

ISM’s New Orders Index registered 64.8 percent in February, up 3.7 percentage points compared to the 61.1 percent reported in January. This indicates that new orders grew for the ninth consecutive month. “Of the six largest manufacturing sectors, five — Transportation Equipment; Chemical Products; Fabricated Metal Products; Computer & Electronic Products; and Food, Beverage & Tobacco Products — expanded at very strong levels. Petroleum & Coal Products retained its previous-month reading of 50 percent,” says Fiore. A New Orders Index above 52.8 percent, over time, is generally consistent with an increase in the Census Bureau’s series on manufacturing orders (in constant 2000 dollars).

Of the 18 manufacturing industries, the 13 that reported growth in new orders in February — in the following order — are: Paper Products; Wood Products; Primary Metals; Textile Mills; Electrical Equipment, Appliances & Components; Transportation Equipment; Chemical Products; Machinery; Fabricated Metal Products; Printing & Related Support Activities; Computer & Electronic Products; Food, Beverage & Tobacco Products; and Plastics & Rubber Products. The only industry reporting a decline in new orders in February is Miscellaneous Manufacturing.

New Orders %Higher %Same %Lower Net Index
Feb 2021 42.4 51.2 6.4 +36.0 64.8
Jan 2021 37.0 51.0 12.0 +25.0 61.1
Dec 2020 40.3 45.1 14.6 +25.7 67.5
Nov 2020 35.9 50.1 14.0 +21.9 65.7

 

Production

The Production Index registered 63.2 percent in February, 2.5 percentage points higher than the January reading of 60.7 percent, indicating growth for the ninth consecutive month. “Five (Chemical Products; Fabricated Metal Products; Transportation Equipment; Food, Beverage & Tobacco Products; and Computer & Electronic Products) of the top six industries expanded at moderate to strong levels,” says Fiore. An index above 52.1 percent, over time, is generally consistent with an increase in the Federal Reserve Board’s Industrial Production figures.

The 14 industries reporting growth in production during the month of February — listed in order — are: Paper Products; Textile Mills; Primary Metals; Electrical Equipment, Appliances & Components; Machinery; Chemical Products; Fabricated Metal Products; Wood Products; Transportation Equipment; Plastics & Rubber Products; Food, Beverage & Tobacco Products; Furniture & Related Products; Computer & Electronic Products; and Miscellaneous Manufacturing. The two industries reporting decreased production in February are: Printing & Related Support Activities; and Nonmetallic Mineral Products.

Production %Higher %Same %Lower Net Index
Feb 2021 36.8 51.7 11.6 +25.2 63.2
Jan 2021 30.8 57.8 11.4 +19.4 60.7
Dec 2020 32.3 54.6 13.1 +19.2 64.7
Nov 2020 33.7 52.0 14.3 +19.4 62.2

 

Employment

ISM’s Employment Index registered 54.4 percent in February, 1.8 percentage points higher than the January reading of 52.6 percent. “The Employment Index grew for the third month in a row, with five (Chemical Products; Food, Beverage & Tobacco Products; Transportation Equipment; Computer & Electronic Products; and Fabricated Metal Products) of the six big industry sectors expanding. Continued strong new-order levels, low customer inventories and an expanding backlog indicate potential employment strength for the rest of the first quarter. For the sixth straight month, survey panelists’ comments indicate that significantly more companies are hiring or attempting to hire than those reducing labor forces,” says Fiore. An Employment Index above 50.6 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment.

Of the 18 manufacturing industries, the 11 industries to report employment growth in February — in the following order — are: Electrical Equipment, Appliances & Components; Textile Mills; Primary Metals; Miscellaneous Manufacturing; Machinery; Chemical Products; Food, Beverage & Tobacco Products; Transportation Equipment; Computer & Electronic Products; Plastics & Rubber Products; and Fabricated Metal Products. The four industries reporting a decrease in employment in February are: Printing & Related Support Activities; Furniture & Related Products; Petroleum & Coal Products; and Paper Products.

Employment %Higher %Same %Lower Net Index
Feb 2021 19.2 68.5 12.3 +6.9 54.4
Jan 2021 13.9 72.2 13.8 +0.1 52.6
Dec 2020 14.9 68.8 16.3 -1.4 51.7
Nov 2020 14.8 66.4 18.9 -4.1 48.3

 

Supplier Deliveries†

The delivery performance of suppliers to manufacturing organizations was slower in February, as the Supplier Deliveries Index registered 72 percent. This is 3.8 percentage points higher than the 68.2 percent reported in January. “Suppliers continue to struggle to deliver, with deliveries slowing at a faster rate compared to the previous month. Transportation challenges and challenges in supplier-labor markets are still constraining production growth — and to a greater extent compared to January. The Supplier Deliveries Index also reflects difficulties suppliers continue to experience due to COVID-19 impacts combined with strong growth in economic activity. Since stable manufacturing began in August 2020, the index has gone up every month, indicating that suppliers are experiencing greater difficulties in meeting factory needs. Supplier labor and transportation constraints are not expected to diminish in the near-to-moderate term due to COVID-19 impacts,” says Fiore. A reading below 50 percent indicates faster deliveries, while a reading above 50 percent indicates slower deliveries.

Of the 18 industries, 16 reported slower supplier deliveries in February, listed in the following order: Apparel, Leather & Allied Products; Textile Mills; Fabricated Metal Products; Furniture & Related Products; Electrical Equipment, Appliances & Components; Paper Products; Machinery; Chemical Products; Plastics & Rubber Products; Computer & Electronic Products; Miscellaneous Manufacturing; Transportation Equipment; Nonmetallic Mineral Products; Wood Products; Food, Beverage & Tobacco Products; and Primary Metals. No industries reported faster supplier deliveries in February.

Supplier Deliveries  

%Slower

 

%Same

 

%Faster

 

Net

 

Index

Feb 2021 45.4 53.1 1.5 +43.9 72.0
Jan 2021 39.9 56.5 3.5 +36.4 68.2
Dec 2020 39.5 56.3 4.2 +35.3  67.7*
Nov 2020 27.5 68.4 4.1 +23.4 61.7

*Supplier Deliveries is no longer seasonally adjusted; however, due to more precise rounding, this number increased by 0.1 percentage point.

Inventories

The Inventories Index registered 49.7 percent in February, 1.1 percentage points lower than the 50.8 percent reported for January. Inventories contracted after four consecutive months of marginal growth, following three months of contraction. “Inventory-growth stability in light of ongoing supplier constraints indicates that supply chains are meeting near-term production demand, despite transportation challenges and COVID-19 headwinds. However, supplier delivery rates are not strong enough to grow inventories, as most panelists would prefer,” says Fiore. An Inventories Index greater than 44.5 percent, over time, is generally consistent with expansion in the Bureau of Economic Analysis (BEA) figures on overall manufacturing inventories (in chained 2000 dollars).

The six industries reporting higher inventories in February — listed in order — are: Textile Mills; Primary Metals; Chemical Products; Food, Beverage & Tobacco Products; Machinery; and Fabricated Metal Products. The five industries reporting a decrease in inventories in February are: Printing & Related Support Activities; Paper Products; Plastics & Rubber Products; Electrical Equipment, Appliances & Components; and Miscellaneous Manufacturing. Seven industries reported no change in February compared to January.

Inventories %Higher %Same %Lower Net Index
Feb 2021 19.8 63.1 17.1 +2.7 49.7
Jan 2021 18.1 65.6 16.3 +1.8 50.8
Dec 2020 22.1 53.5 24.4 -2.3 51.0
Nov 2020 18.1 62.4 19.4 -1.3 50.8

 

Customers’ Inventories†

ISM’s Customers’ Inventories Index registered 32.5 percent in February, 0.6 percentage point lower than the 33.1 percent reported for January, indicating that customers’ inventory levels were considered too low. “Customers’ inventories are too low for the 55th consecutive month, a positive for future production growth. This reading is tied with December 2009 as the lowest reported since the subindex was established in January 1997. For seven months in a row, the Customers’ Inventories Index has been at historically low levels,” says Fiore.

Of the 18 industries, the only one reporting higher customers’ inventories in February is Printing & Related Support Activities. The 16 industries reporting customers’ inventories as too low during February — listed in order — are: Fabricated Metal Products; Wood Products; Machinery; Primary Metals; Nonmetallic Mineral Products; Computer & Electronic Products; Transportation Equipment; Petroleum & Coal Products; Paper Products; Furniture & Related Products; Chemical Products; Electrical Equipment, Appliances & Components; Plastics & Rubber Products; Textile Mills; Food, Beverage & Tobacco Products; and Miscellaneous Manufacturing.

Customers’
Inventories %
Reporting %Too
High %About
Right %Too
Low  

Net

 

Index

Feb 2021 79 4.8 55.4 39.8 -35.0 32.5
Jan 2021 75 3.3 59.6 37.1 -33.8 33.1
Dec 2020 75 7.2 61.4 31.4 -24.2 37.9
Nov 2020 78 6.7 59.3 34.0 -27.3 36.3

 

Prices†

The ISM Prices Index registered 86 percent, an increase of 3.9 percentage points compared to the January reading of 82.1 percent, indicating raw materials prices increased for the ninth consecutive month. This is the index’s highest reading since May 2008, when it registered 88.1 percent. “Aluminum, copper, chemicals, all varieties of steel, soy, petroleum-based products including plastics, transportation costs, electrical and electronic components, corrugate, and wood and lumber products all continued to record price increases,” says Fiore. A Prices Index above 52.7 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) Producer Price Index for Intermediate Materials.

All 18 industries reported paying increased prices for raw materials in February, in the following order: Apparel, Leather & Allied Products; Furniture & Related Products; Paper Products; Primary Metals; Fabricated Metal Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Machinery; Electrical Equipment, Appliances & Components; Petroleum & Coal Products; Textile Mills; Miscellaneous Manufacturing; Chemical Products; Food, Beverage & Tobacco Products; Printing & Related Support Activities; Wood Products; Transportation Equipment; and Computer & Electronic Products.

 

Prices

%Higher %Same %Lower Net Index
Feb 2021 73.1 25.7 1.2 +71.9 86.0
Jan 2021 64.3 35.7 0.0 +64.3 82.1
Dec 2020 57.8 39.7 2.6 +55.2 77.6
Nov 2020 36.7 57.3 6.0 +30.7 65.4

 

Backlog of Orders†

ISM’s Backlog of Orders Index registered 64 percent in February, a 4.3-percentage point increase compared to the 59.7 percent reported in January, indicating order backlogs expanded for the eighth consecutive month. February’s reading is the second-highest since January 1993, when reporting for this subindex began, exceeded only by April 2004 (66.5 percent). “Backlogs expanded at faster rates in February, indicating that new-order intakes more than fully offset production outputs for the eighth straight month. Five (Transportation Equipment; Computer & Electronic Products; Fabricated Metal Products; Chemical Products; and Food, Beverage & Tobacco Products) of the six big industry sectors’ backlogs expanded with significant strength,” says Fiore.

The 14 industries reporting growth in order backlogs in February, in the following order, are: Electrical Equipment, Appliances & Components; Machinery; Transportation Equipment; Wood Products; Textile Mills; Paper Products; Computer & Electronic Products; Plastics & Rubber Products; Fabricated Metal Products; Primary Metals; Chemical Products; Furniture & Related Products; Food, Beverage & Tobacco Products; and Miscellaneous Manufacturing. No industries reported a decline in February compared to January.

Backlog of Orders % Reporting  

%Higher

 

%Same

 

%Lower

 

Net

 

Index

Feb 2021 91 38.5 51.0 10.5 +28.0 64.0
Jan 2021 91 32.1 55.2 12.7 +19.4 59.7
Dec 2020 90 31.4 55.4 13.2 +18.2 59.1
Nov 2020 89 28.9 56.1 15.0 +13.9 56.9

 

New Export Orders†

ISM’s New Export Orders Index registered 57.2 percent in February, up 2.3 percentage points compared to the January reading of 54.9 percent. “The New Export Orders Index grew for the eighth consecutive month at a faster rate. Five (Transportation Equipment; Fabricated Metal Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; and Chemical Products) of the six big industry sectors expanded. New export orders were again a positive factor to the growth in the New Orders Index,” says Fiore.

The 13 industries reporting growth in new export orders in February — in the following order — are: Nonmetallic Mineral Products; Textile Mills; Wood Products; Electrical Equipment, Appliances & Components; Machinery; Transportation Equipment; Fabricated Metal Products; Food, Beverage & Tobacco Products; Primary Metals; Computer & Electronic Products; Miscellaneous Manufacturing; Plastics & Rubber Products; and Chemical Products. The only industry reporting a decrease in new export orders is Furniture & Related Products.

New Export Orders % Reporting  

%Higher

 

%Same

 

%Lower

 

Net

 

Index

Feb 2021 73 20.5 73.4 6.1 +14.4 57.2
Jan 2021 75 17.6 74.6 7.7 +9.9 54.9
Dec 2020 72 20.1 74.8 5.1 +15.0 57.5
Nov 2020 73 22.3 70.9 6.8 +15.5 57.8

 

Imports†

ISM’s Imports Index registered 56.1 percent in February, a decrease of 0.7 percentage point compared to the 56.8 percent reported for January. “Imports expanded for the eighth consecutive month, at slightly lower rates compared to January, reflecting continued increases in U.S. factory demand and interest in increasing on-shore inventory. Panelists continued to note record-breaking backlogs in ports of entry, as well as difficulties in arranging drayage and operating within the domestic transportation market,” says Fiore.

The 10 industries reporting growth in imports in February — in the following order — are: Textile Mills; Nonmetallic Mineral Products; Transportation Equipment; Primary Metals; Machinery; Computer & Electronic Products; Food, Beverage & Tobacco Products; Fabricated Metal Products; Chemical Products; and Electrical Equipment, Appliances & Components. Two industries reported a decrease in imports in February: Furniture & Related Products; and Plastics & Rubber Products. Six industries reported no change in imports in February compared to January.

Imports % Reporting  

%Higher

 

%Same

 

%Lower

 

Net

 

Index

Feb 2021 85 21.0 70.3 8.7 +12.3 56.1
Jan 2021 84 21.9 69.9 8.3 +13.6 56.8
Dec 2020 85 19.2 70.8 10.0 +9.2 54.6
Nov 2020 85 17.1 76.0 6.9 +10.2 55.1

†The Supplier Deliveries, Customers’ Inventories, Prices, Backlog of Orders, New Export Orders and Imports indexes do not meet the accepted criteria for seasonal adjustments.

Buying Policy

Average commitment lead time for Capital Expenditures increased in February by one day to 142 days. Average lead time for Production Materials decreased in February by one day to 67 days. Average lead time for Maintenance, Repair and Operating (MRO) Supplies decreased in February by one day to 38 days.

Percent Reporting
Capital Expenditures Hand-to-
Mouth 30 Days 60 Days 90 Days 6 Months 1 Year+ Average
Days
Feb 2021 23 6 8 15 29 19 142
Jan 2021 21 6 10 15 30 18 141
Dec 2020 24 5 10 17 28 16 132
Nov 2020 22 6 10 16 27 19 140
Percent Reporting
Production Materials Hand-to-
Mouth 30 Days 60 Days 90 Days 6 Months 1 Year+ Average
Days
Feb 2021 11 31 27 20 9 2 67
Jan 2021 9 35 26 20 7 3 68
Dec 2020 9 33 27 21 7 3 69
Nov 2020 10 35 24 22 6 3 67
Percent Reporting
MRO Supplies Hand-to-
Mouth 30 Days 60 Days 90 Days 6 Months 1 Year+ Average
Days
Feb 2021 33 37 16 11 3 0 38
Jan 2021 31 36 19 11 3 0 39
Dec 2020 32 37 17 12 2 0 37
Nov 2020 34 36 16 10 3 1 40

 

Posted March 1, 2021

Source: Institute for Supply Management® (ISM®)

BRFL Textiles’ Fabric Production Increases By 50 Percent Post Funding

MUMBAI — March 1, 2021 — BRFL Textiles Pvt. Ltd. (BTPL), home to India’s largest single-roof state-of-the-art fabric processing facility, has boosted production at its Tarapur plant from 100,000 meters per day to now 150,000 meters per day as a consequence of improved capacity utilization within two months of raising private equity funding.

BTPL aims to reach its annual processing capacity of 144 million meters (400,000 meters per day) over due course of time. Recently, BTPL completed an 2.4 billion Indian rupee ($32.8 million) equity infusion from a consortium of marquee financial investors led by JM Financial India Fund II (an Indian growth private equity fund), Think Investments (a San Francisco-based investment firm), and others.

Speaking on expanding the capacity utilization of BTPL’s Tarapur unit, Mr. Prashant Agarwal, Managing Director at BTPL, said: “Over the years, the fabrics from our Tarapur plant have earned the trust of our customers for its superior quality and design innovation & uniqueness. With the influx of PE funds, our manufacturing capacities are now being further leveraged to expand our output and market presence. We will continue to invest in people and maintenance capex to ensure that our state-of-the-art equipment at our plant is well oiled, efficiently run and complies with all regulatory standards. In serving our customers with timely deliveries of new-age fabrics and by supplying innovative designs, our Tarapur unit is poised to grow into one of the leading fabric processing houses in the country.”

BTPL’s Tarapur plant is India’s largest single roof fabric processing unit supported by its captive power, effluent treatment, RO water, and other utilities enabling cost competitiveness. The state-of-the-art multi-fiber fabric processing unit also has a captive yarn dyeing unit with an annual capacity of 10.6 million kg (29 metric tons per day). BTPL’s solid and yarn dyed fabric, printing, processing, and finishing techniques are a mark of excellence making every piece of fabric perfect. The plant also employs more than 2,000 staff at the facility.

BTPL has a strong presence in the B2B and B2C space alongwith long-standing relations with leading brands across the globe, and sells through large garmenters in India who also sell to domestic brands. On the domestic branded sales front, the distribution network of BTPL is spread across its own EBOs, over 100 distributors and over 8000 retailers.

BTPL was recently formed as a separate entity in August 2020 as part of a restructuring process undertaken by Bombay Rayon Fashions Ltd., in which it hived-off its Yarn Dyeing & Fabric Processing units located in Tarapur, into BTPL by way of a slump sale on a going concern basis. The Company’s brands, including Bombay Rayon, BRFL, Linen Vogue, Giza Classe, Dickens & Browne and others, were also a part of the transaction.

Posted March 1, 2021

Source: BRFL Textiles Private Limited (“BTPL”)

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