Rieter Forms New Group Structure

WINTERTHUR, Switzerland — November 24, 2025 — The planned acquisition of the “Barmag” Division of OC Oerlikon will create the leading system provider worldwide for natural and man-made fibers. Rieter is confident it will receive all regulatory approvals to complete the acquisition in the fourth quarter of 2025. The Rieter Group is therefore adjusting its Group structure as of January 1, 2026, to take this acquisition into account and to be able to provide an even more agile response to market challenges.

The Machines & Systems and After Sales Divisions will be merged. Alexander Özbahadir will take over the new “Short-Staple Fiber” Division, which will be responsible for the short-staple fiber business, effective January 1, 2026. This will create synergies in sales and service activities and increase customer centricity through a geographical focus.

Roger Albrecht will now be responsible for the “Components and Technology” Division. His mandate will be to develop pioneering technology solutions, drive innovation and achieve growth in the key components business. With this organizational change, Rieter will further expand its technology leadership and intensify its development activities between Rieter and the component companies Accotex, Bräcker, Graf, Novibra, Suessen, SSM and Temco.

Serge Entleitner has decided to step down from the Group Executive Committee, effective December 31, 2025, and will support the company on various projects until his retirement in 2027. “Serge Entleitner has been instrumental in the development of the Components Division in recent years. On behalf of the Board of Directors, I would like to thank Serge for his outstanding contribution to the success of our company,” said Thomas Oetterli, chairman of the Board of Directors and CEO of Rieter.

Upon successful closing of the Barmag acquisition, the “Man-Made Fiber” Division will be integrated into the Rieter Group. Georg Stausberg will continue to lead the division and report to Thomas Oetterli, CEO of Rieter. He will also take a seat on the Group Executive Committee.

As of January 1, 2026, the Rieter Group Executive Board will comprise the following members:

  • Thomas Oetterli, CEO;
  • Oliver Streuli, CFO;
  • Emmanuelle Gmür, chief human resources officer;
  • Alexander Özbahadir, head of the “Short-Staple Fiber” Division;
  • Georg Stausberg (after closing), head of the “Man-Made Fiber” Division; and
  • Roger Albrecht, head of the “Components and Technology” Division.

The new, simplified organization will sharpen customer focus, strengthen technology leadership, increase productivity and promote synergies.

Rieter is responding to the persistently weak market situation with further cost-cutting measures by adjusting production capacities, simplifying supply chains, and streamlining overhead functions. The estimated one-off costs of around CHF 30 to 35 million will result in annual savings of just under CHF 30 million.

Posted: November 24, 2025

Source: Rieter AG

China Expands HMLS Capacities: Barmag To Commission Three HMLS Yarn Systems With A Total Of 30 Stations

REMSCHEID, Germany — November 20, 2025 — Barmag, a subsidiary of the Swiss Oerlikon Group, will commission three HMLS yarn systems with a total of 30 stations at renowned technical yarn manufacturers in China over the next three months.

Reinforced with dimensionally stable HMLS yarn, tires remain dimensionally stable even under load and temperature.

Particularly noteworthy: among them are two HMLS producers who had previously purchased from competitors. “They were convinced by our process technology, which guarantees the economic production of HMLS yarns of the very best quality,” says Sales Director Oliver Lemke, who, together with his colleagues on site, provides support to customers in the field of technical yarns.

The sophisticated material obtains its special properties during the spinning process. High speeds in the production process guarantee a stable arrangement of the molecules within the polymer that forms the actual thread. The internal structure of the molecular chain, in turn, is decisive for the dimensional stability of the final yarn.

Growing demand for HMLS yarns

The industry expects demand for HMLS yarns to increase in the coming years. This is mainly due to the trend toward lighter tires. Whereas high-modulus polyester yarn (HMLS) was previously used mainly in high-speed tires, its properties now also allow the tire carcass of small vans to be converted from steel cord to polyester. HMLS yarn is extremely tear-resistant, yet highly elastic and temperature- and dimensionally stable.

Another factor is the steadily increasing number of vehicle registrations worldwide. In China in particular, the production of local car brands has increased rapidly in recent years, which explains the expansion of capacity in the country.

Posted: November 23, 2025

Source: Barmag

Altri Orders Key White Liquor Plant And Fiberline Equipment From ANDRITZ

VIENNA, Austria — November 17, 2025 — International technology group ANDRITZ has received an order to supply state-of-the-art white liquor plant technologies and modernize the fiberline at Altri’s Biotek pulp mill in Vila Velha de Ródão, Portugal.

With this investment, Altri will increase both the operational efficiency and self-sufficiency of the mill.

The scope of supply, on EPC (Engineering, Procurement, Construction) basis, includes:

  • New lime kiln with a capacity of 250 t/d of burned lime, designed for potential future capacity upgrade;
  • New lime mud filter with auxiliary equipment;
  • Green liquor clarifier upgrade; and
  • Process modification for fiberline including equipment and engineering.
Image: ANDRITZ

The start-up of the new equipment in Altri’s Biotek mill is scheduled for the third quarter of 2026. This order demonstrates the excellent business relationship between Altri and ANDRITZ.

The value of the order will not be disclosed. It is included in ANDRITZ’s order intake for the first quarter of 2025.

Altri is a Portuguese producer of cellulosic fibers. The company operates three pulp mills that produce fibers for several types of paper and dissolving pulp for the production of textiles.

Posted: November 23, 2025

Source: ANDRITZ GROUP

Join North Carolina’s Spring 2026 Technical Textile Trade Mission To The Middle East

RALEIGH, N.C. — November 17, 2026 — North Carolina’s textile innovators are invited by The Economic Development Partnership of North Carolina (EDPNC) to join a trade delegation to the Middle East focused on technical textiles and advanced material applications. This mission will connect participating companies with distributors, manufacturers, and government buyers seeking high-performance fiber, yarn, fabric, and finished solutions across industrial, medical, defense, and infrastructure sectors.

Who should participate?
Companies producing or supplying:

  • Fibers and filaments: high-tenacity polyester, aramid, carbon, polypropylene, UHMWPE, and bio-based fibers.
  • Yarns: multi-filament, high-modulus, conductive, antimicrobial, and flame-resistant yarns.
  • Fabrics: woven, nonwoven, and knitted structures engineered for filtration, protection, composites, or geosynthetics.
  • Finished goods and systems: personal protective equipment (PPE), ballistic panels, smart textiles, automotive interiors, filtration media, marine composites, or performance apparel.

Why the Middle East?
Rapid expansion in smart infrastructure, defense modernization, oil & gas safety, and renewable energy projects is fueling demand for advanced technical fabrics. Regional buyers are increasingly seeking U.S. partners known for quality, innovation, and reliability — and North Carolina’s textile cluster leads the nation in technical and specialty textile manufacturing.

Benefits to Delegates:

  • Pre-arranged B2B meetings with vetted distributors and buyers;
  • In-market briefings on regulatory, customs, and procurement trends;
  • Exposure to high-value niches — aerospace, geotextile, filtration, energy, and defense sectors; and
  • On-site logistical and translation support through state and federal trade partners.

Participating Regions: Oman, United Arab Emirates, Saudi Arabia, and Qatar.
Planned Dates: Spring 2026
Application Deadline: February 15, 2026

To express interest or receive the full itinerary, contact Jeri Barutis at   Jeri.barutis@edpnc.com

Source: The Economic Development Partnership of North Carolina (EDPNC) – Jeri Barutis

Posted: November 21, 2025

AAFA Urges Renewed Support For Freedom Of Navigation Throughout The World

WASHINGTON — November 19, 2025 — Marking the second anniversary since the first Red Sea commercial shipping attacks by Yemen-based Houthi terrorists, the American Apparel & Footwear Association (AAFA) today called on the Trump administration to accelerate efforts in pursuing a zero tolerance approach for freedom of navigation globally.

According to the letter, “We commend your administration’s actions to protect commercial shipping and urge sustained deterrence and robust diplomatic efforts to ensure freedom of navigation worldwide.”

The letter continues, “We applaud the broader efforts taken by the U.S. military and our allies to protect commercial shipping — including defensive and offensive operations, sanctions targeting Houthi resources, sustained diplomacy with regional partners, and courageous naval escorts and rescues.”

AAFA welcomed the administration’s important decision to designate the Houthis as a Foreign Terrorist Organization (FTO). While the Houthis released the Galaxy Leader crew at the start of 2025, they continue to attack maritime traffic, underscoring the ongoing danger. This designation appropriately recognized the severity of their attacks, strengthened the legal tools available to disrupt their financing, and sent an unmistakable signal that violence against commercial shipping will not be tolerated.

AAFA also recognizes the diplomatic progress made in 2025. Following the administration’s efforts to broker a ceasefire in the Middle East, there has been an increase in ships transiting the Red Sea. On November 4, 2025 the chairman of the Suez Canal Authority reported that traffic through the waterway reached 229 ships in October — the highest monthly total since Houthi attacks began two years ago.

The threats to commercial shipping extend beyond the Houthis in the Red Sea, with attacks by Iranian forces and increased piracy in the region. Further, aggressive maneuvers and tension in the Indo-Pacific — particularly in the South China Sea and the Taiwan Strait —  endanger commercial shipping across a region that carries more than one-third of global trade.

Steve Lamar, American Apparel and Footwear Association (AAFA)

“There should be zero tolerance for attacks on commercial shipping, whether in the Red Sea, the Indo-Pacific, or elsewhere,” said Steve Lamar, president and CEO of AAFA.

“The global economy depends on the free, safe, and reliable movement of vessels across international waters.

“We greatly appreciate the steps the administration has taken to safeguard commercial shipping and encourage the continued prioritization of freedom of navigation through deterrence and diplomatic engagement.”

Posted: November 19, 2025

Source: American Apparel & Footwear Association (AAFA)

Tiger Group Offers Assets from Turf Company’s Georgia Plant

CALHOUN, Ga. — November 25, 2025 — Tiger Group has announced plans to auction assets from the 210,000-square-foot Calhoun plant of a major synthetic turf maker and installer.

Bidding in the timed online auction at SoldTiger.com opens on Thursday, December 4, at 10:30 a.m. (ET) and closes on Thursday, December 11, at 10:30 a.m. (ET). The plant-closing sale is an assignment for the benefit of creditors.

“ACT Global Americas, Inc.’s former warehouse is full of useful machinery and equipment, rolling stock, inventory and plant support equipment,” said John Coelho, Senior Director, Tiger Commercial & Industrial. “It’s a strong opportunity for other artificial turf manufacturers, textile companies or just those who are looking for great bargains on assets such as trucks, tractors, tools and landscaping inventory.”

The company describes itself as one of the world’s largest producers of artificial turf, with products that include capping systems and artificial grass geomembrane liners for landfills and artificial grass for airport ground cover as well as sports such as football, soccer, baseball, rugby, tennis and field hockey.

Highlights of the December 11 auction include:

MANUFACTURING & INSTALL

  • 2008 CMC half-gauge, single-feed tufter with PIV yarn drive and 365 position, two-story creel
  • 2022 Zhejian Tianzhu textile machinery yarn twister (less than 5 hours of use)
  • Allma/Saurer Technocorder twister
  • ATI PD96 3D precision laser box grader
  • (2) Jacobsen Turfco Met-R-Matic XL topdressers
  • (4) model 920HDE GreensGroomer turf brushes
  • (2) Hot Melt Technologies Benchmark 315 portable hot melt gluers

RAW & FINISHED INVENTORY

Artificial turf manufacturers and landscapers will find more than 250,000 pounds of polyethylene (PE) yarn in assorted colors and deniers (thickness); more than 100,000 linear yards of primary backing, and more than 475,000 square feet of landscape inventory.

 ROLLING STOCK & FORKLIFTS

  • (30) gas and diesel Ford, Chevrolet and Dodge Ram pickups
  • Open and enclosed trailers, some from as late as 2025
  • Gooseneck trailers by Texas Bragg and Load Trail
  • Utility and cargo trailers by Arising, Homesteader, American Hauler and others
  • (2) Kubota Tractors, L3302HST & L3301D
  • Forklifts by Linde, Clark and Komatsu ranging in capacity from 5,500 to 8,000 pound, some from as late as 2022

OTHER ASSETS

Also available are a walk-behind power broom, spare creel, Lay-Mor 8’ grooming broom, turf sewing machines, portable generators, laser levels, a pedestal drill press, a PVC welder, a bench grinder, paint sprayers and various powered hand tools.

Plant support and office assets include a hydraulic pallet jack, ladders, hand trucks, carts, pedestal fans, a strapping cart, shop vacs, a floor jack, a parts washer, flame-proof storage cabinets, maintenance supplies, office sundries, desks, chairs, a conference table, a breakroom, file cabinets and a reception desk.

For asset photos, descriptions, and other information, visit https://soldtiger.com/sales/

Inspections are available by appointment on Wednesday, December 10, at the Calhoun plant. To arrange an inspection or obtain other information, email: auctions@tigergroup.com

Posted: November 25, 2025

Source: Tiger Group

TRUEWERK Appoints Emily Sly As Chief Marketing Officer

DENVER— November 17, 2025 —– TRUEWERK, the performance workwear brand built for modern trade professionals, today announced the appointment of Emily Sly as Chief Marketing Officer. Sly joins TRUEWERK during a period of rapid brand momentum, as the company expands product innovation, deepens its connection to the trade community, and advances its mission of building the world’s most technical, high performance workwear.

“I’ve dedicated my career to helping brands understand why they matter and ensuring that meaning shows up consistently across every touchpoint,” said Emily Sly, CMO of TRUEWERK. “TRUEWERK is built on the belief that the work people do, and the gear they rely on, should always be built like it matters, because it does. I’m excited to help deepen that connection and support the communities who embody that purpose every day.”

“As TRUEWERK continues to grow, staying true to the values that shaped this brand is essential,” said Brian Ciciora, Founder and Chairman. “Emily brings clarity, curiosity, and a deep respect for the trades. She understands the importance of the work and the pride behind it, which aligns directly with our mission.”

“Emily’s experience guiding beloved consumer brands through meaningful stages of growth makes her a strong addition to our leadership team,” said Glenn Silbert, CEO of TRUEWERK. “Her ability to unite teams around a clear brand purpose will help drive TRUEWERK forward while staying grounded in what makes us who we are.”

Posted: November 18, 2025

Source: TRUEWERK

 

Heritage Global Partners To Conduct Court-Ordered Auction Of $4M+ In Brand-New Maternity Apparel From Seraphine USA, Inc.

SAN DIEGO— November 12, 2025 —– Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. and a worldwide asset advisory and auction services, has been appointed by the U.S. Bankruptcy Court for the District of Delaware (Case No. 1:25-bk-11516) to conduct an auction of over $4 million in brand-new and returned inventory from Seraphine USA, Inc., the U.S. operations of the internationally recognized maternity apparel brand.

The Seraphine brand has gained global recognition for its contemporary maternity and nursing wear, with designs that have been worn by numerous public figures and widely featured in international media. The brand’s visibility and established reputation within the premium maternity segment contribute to the appeal of this inventory across resale and retail channels.

Auction Details:

  • Auction Date: Tuesday, December 10, 2025 at 11:00 AM ET
  • Registration and Catalog: Interested parties can view the catalog, register and bid
  • Inspection: By appointment Only

“This sale represents a great opportunity for resellers, off-price retailers, and online sellers to bid on scores of new inventory in a high-demand category,” said David Barkoff, Senior Vice President at Heritage Global Partners. “With Seraphine’s established notoriety in the maternity sector and the quantity and quality of inventory up for grabs, we expect a strong turnout from buyers across the apparel and liquidation space.”

Inventory Highlights – New and Returned

  • Underwear & Hosiery
  • Activewear & Leisurewear
  • Dresses & Tops
  • Pants & Jumpsuits
  • Sweaters & Cardigans
  • Coats & Jackets
  • Skirts & Shorts
  • Accessories and more

All inventory is stored in a U.S. distribution center and available for release upon completion of the sale.

Posted: November 18, 2025

Source: HGP — A Subsidiary Of Heritage Global Inc.

Global Integrated Logistics Company Maersk Selects Charlotte For North American Headquarters

RALEIGH, N.C. — November 18, 2025 —– Governor Josh Stein announced that global integrated logistics company Maersk has selected Charlotte for its official North American headquarters. Maersk will add 520 jobs to its current Charlotte-based workforce over the next several years, ultimately bringing its Charlotte workforce to more than 1,300. The company will invest $16 million in Mecklenburg County in the process.

“Maersk’s decision to bring its North American headquarters to Charlotte speaks to North Carolina’s reputation as a top destination for global business,” said Governor Josh Stein. “We are home to a world-class workforce, and we’re proud to welcome Maersk to North Carolina – the top state for business in the country.”

Founded in 1904, Maersk, a subsidiary of Danish Fortune Global 500 A.P. Moller-Maersk, has evolved into a comprehensive supply chain partner, offering integrated logistics solutions that span ocean and inland transportation, warehousing, customs services and digital logistics platforms. The company’s North American business employs more than 10,000 people across various operations, commercial and corporate functions, contributing to Maersk’s global workforce of around 100,000 employees. The headquarters in Charlotte will house key corporate functions, including finance, human resources, commercial strategy, and technology.

“North Carolina has been a key partner in our growth for more than two decades, “ said Charles van der Steene, President ̶ North America Region at Maersk. “Designating Charlotte as our North American headquarters location reinforces our confidence in the state’s business climate and workforce. We’re investing in North Carolina’s future because it’s a place where innovation and opportunity come together.”

“North Carolina is honored that Maersk has chosen us to anchor their North American operations. Charlotte’s getting a second major headquarters in as many weeks, which reflects the depth of talent and quality of life of the Queen City,” said N.C. Commerce Secretary Lee Lilley. “We look forward to supporting Maersk’s growth in the years ahead.”

While salaries for the new positions will vary, the average annual salary is expected to be $100,962, which exceeds the Mecklenburg County average of $86,830. These new jobs could create a potential annual payroll impact of more than $52.5 million to the local economy.

Maersk’s operation in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.5 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $7,946,250, spread over 12 years. State payments occur only following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

The project’s projected return on investment of public dollars is 67 percent, meaning for every dollar of potential cost to the state, the state receives $1.67 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

Because Maersk chose a location in Mecklenburg County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $2,648,750 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Mecklenburg, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

“This is a proud day for Charlotte and our state. Maersk’s investment brings not only hundreds of good-paying jobs, but also new opportunities for our local workforce and small businesses,” said N.C. Senator DeAndrea Salvador. “I’m committed to ensuring that this growth benefits all our communities and strengthens our region’s position as a hub for global commerce.”

“Maersk’s selection of Charlotte is another win for our city and a signal to the world that North Carolina and the Mecklenburg County region is a premier destination for innovation and investment,” said N.C. Representative Terry M. Brown Jr. “As someone who has long championed economic opportunity, I’m excited to see how this move will uplift our communities and create new pathways to prosperity.”

In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, the University of North Carolina at Charlotte, Central Piedmont Community College, Mecklenburg County, the City of Charlotte, and the Charlotte Regional Business Alliance.

Posted: November 18, 2025

Source: North Carolina, Office of the Governor

Manufacturer Of Specialty Glass Fibers, AGY Expands Aiken County, S.C. Operations

COLUMBIA, S.C. — November 18, 2025 —– AGY, a manufacturer of specialty glass fibers, today announced it is expanding its operations in Aiken County. The company’s $12.1 million investment will create 80 new jobs.

AGY is an innovator and manufacturer of specialty glass fiber reinforcements, enabling high-performance composite solutions for aviation, defense, electronics, architecture and telecommunications applications that are integral to civilian life and critical to the national security supply chain.

Located at 2556 Wagener Road in Aiken, AGY is expanding the manufacturing capacity of its low-dielectric constant (Low Dk) and low-dissipation factor (Low Df) glass fibers, which are used to enhance the performance, reliance, and durability of semiconductor packaging, high-performance printed circuit boards, electronic systems and high-speed telecommunications equipment.

Operations are expected to be online in the first quarter of 2026. Individuals interested in joining the AGY team should visit the company’s careers page.

The Coordinating Council for Economic Development awarded a $200,000 Set-Aside grant to Aiken County to assist with the costs of building renovations.

“Artificial intelligence is transforming how the world operates, and we are proud that AGY in Aiken, S.C., stands as a leader in America’s manufacturing capability for AI technologies.” -AGY CEO Al Ridilla.

Comments Regarding The Expansion

“AGY’s decision to expand operations in Aiken County reflects the impressive reputation of South Carolina’s workforce and business-friendly environment. We are pleased to see the company reaffirming its commitment to our state and bringing 80 new jobs to the community.” -Gov. Henry McMaster

“Today’s announcement is another testament to the growing strength of South Carolina’s manufacturing industry. AGY’s $12.1 million expansion in Aiken County is a major reason to celebrate, and we look forward to all it will mean for the people of our state in the years ahead.” -Secretary of Commerce Harry M. Lightsey III

“This expansion is a tremendous win for Aiken County, our industrial workforce and for AGY. An investment of this scale reflects AGY’s confidence in our community and affirms Aiken County’s pro-growth, pro-manufacturing policies. AGY has long been a strong corporate neighbor and a key industrial asset for both Aiken County and our nation. The advanced glass fibers produced here support our economy, strengthen critical industries and contribute to our national defense.” -Aiken County Council Chairman Gary Bunker

“AGY’s continued investment in Aiken County is a testament of our community, our workforce and the innovative spirit that drives this region. As the only domestic supplier of these critical glass fiber products, AGY plays a vital role in supporting our nation’s advanced manufacturing and technology industries. We’re proud to see their growth continue right here in Aiken County, where they’ve been a valued corporate partner for more than 60 years.” -Western SC Economic Development Partnership Chairman Gary Stooksbury

Posted: November 18, 2025

Source: South Carolina, Office of the Governor

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