Morbern Named One Of Canada’s Best Managed Companies Second Year In A Row

HIGH POINT, N.C. — May 6, 2021, 2021 — For the second year in a row, Cornwall, Ontario-based Morbern, manufacturer of upholstery vinyls for marine, healthcare, commercial interiors, RV and automotive applications, has been named as one of Canada’s Best Managed Companies.

Established in 1993, Canada’s Best Managed Companies organization remains one of the world’s leading business awards programs recognizing companies for innovative, world-class business practices.

“It is such an honor to be included with this select group of companies,” said Morbern CEO Mark Bloomfield. “I couldn’t be more proud of the entire Morbern team for achieving this recognition for two consecutive years. If you think about the obstacles that we had to overcome during the past 12 months, this is truly a remarkable accomplishment.”

The 2021 Best Managed program award winners are among the best-in-class of Canadian owned and managed companies with revenues of more than $25 million, demonstrating investment in talent and technology, innovation in a competitive environment, and an increased focus on global competition. Each entrant is examined in four categories of its structure: strategy, capability, commitment and return on investment.

Canada’s Best Managed Companies is run by a group comprising Deloitte, Canadian Imperial Bank of Commerce, Smith School of Business, TMX and Canadian Business Magazine. Each year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the caliber of their management abilities and practices.

Morbern joins a field of prestigious winners. The entire list can be found at www.bestmanagedcompanies.ca.

Posted May 7, 2021

Source: Morbern

Sateri To Acquire Funing Aoyang’s Viscose Fiber Business

SHANGHAI — May 7, 2021, 2021 — Sateri has entered into agreement with Funing Aoyang Technology Co. Ltd. (Funing Aoyang) to acquire its viscose fiber business. The acquisition is part of Sateri’s growth strategy which will bring Sateri’s total number of viscose mills in China to six and total annual production capacity to more than 1.8 million metric tons.

Funing Aoyang is a subsidiary of listed company Jiangsu Aoyang Health Industry Co. Ltd. Its 330,000-metric-ton-per-annum mill that will be acquired by Sateri under the agreement, is located in Aoyang Industrial Park, Funing County, Jiangsu Province. Sateri is a member of the RGE group of companies; RGE manages a group of resource-based manufacturing companies with global operations spanning Indonesia, China, Brazil, Spain and Canada.

Allen Zhang, Sateri’s president, said: “This acquisition will boost Sateri’s market footprint and further strengthen our ability to serve customers in eastern and northern China.  We will invest in advanced technologies to upgrade the mill so as to enhance its process technology, safety and environmental performance.  Through better management and operational excellence, we hope to make a positive impact to the local economy and accelerate the sustainable development of the industry.”

The closing of the acquisition is subject to procedural approvals by relevant authorities.

Posted May 7, 2021

Source: Sateri

Itemalab Evolves: The Excellence Of Textile Machinery Innovation Now Available To All The Industrial Sectors

COLZATE/BERGAMO, Italy — May 7, 2021, 2021 — Itema, a provider of advanced weaving solutions, announced the new structure of Itemalab®, the innovation incubator opened in 2014 at Kilometro Rosso innovation district in Bergamo.

Born with the goal to design the platform for the “loom of the future” and breakthrough solutions for the textile industry, Itemalab becomes now an independent company and widens its field of action, providing customers and partners with system engineering and business process re-engineering skills.

With a team made up by 70 engineers and specialized professionals, the Textile division of Itemalab will continue to respond to the innovation needs of Itema Group and the textile industry. The new Industrial division will, instead, become the reference point for all the industrial companies looking for a partner of excellence to study advanced solutions to digitalize and reshape industrial products and processes.

“The textile machinery sector is one of the most complex in the industrial scenario, due to the confluence of high precision mechanical, electronic and mechatronic technologies which, in this industry, face very severe challenges in terms of conditions of use, applications and productivity. Multidisciplinarity is one of the strong points of Itemalab: it makes possible to offer transversal solutions and a significant added value in terms of innovation, sustainability, digitalization and system engineering, by transferring the know-how gained in the textile machinery world to other sectors”, said Lorenzo Minelli, general manager of Itemalab.

“Innovation is essential to compete in increasingly complex and competitive markets. With the strengthening and evolution of Itemalab, we set the conditions for endless innovation opportunities in the most diverse application fields”, added Ugo Ghilardi, CEO of Itema Group. “In recent years we teamed up with various companies and we explored new horizons and perspectives in the areas of materials and mechatronic principles. I am sure that Itemalab will play a crucial role for the development of Itema Group and will become a key partner for many companies in their transformation and innovation paths”.

The evolution of Itemalab confirms the traditional innovation drive of Itema Group, as underlined by Angelo Radici, on behalf of the Board: “the board of directors supports the strategic move of Itema and we share the same vision. As an entrepreneur, I firmly believe that today the way forward is that of teamwork, where collaboration and synergy of skills are the fundamental ingredients for growing in your sector and seizing possible opportunities in many others. As RadiciGroup, a few months ago we launched Radici InNova, a consortium company that aims at combining research and innovation activities across the Group’s business areas by comparing and opening up to firms, universities and external public and private research centers. Itemalab heads in this direction too, tackling complex projects and addressing cross-cutting initiatives that alone would be difficult even to imagine”.

Posted May 7, 2021

Source: Itema Group

ITMA ASIA + CITME 2020 Exhibitor Preview: Sedo Treepoint

MENGERSKIRCHEN, Germany — May 7, 2021 — Sedo Treepoint is again presenting its latest innovations at ITMA ASIA 2021 in Shanghai.

The focus is on the Sedomat 6007/8000 controller series and its latest member – Sedomat 6007. This new development is a cost-effective solution for high degree automation which of- fers many flexible internal I/O options.

The 8000 series comes now in four different sizes to match customer needs exactly. The Sedomat 8007 has a 7” touch user interface and is the perfect solution for lab machines and data acquisition. Sedomat 8010 comes with a 10,1” touch display which can be adapted to every dyeing and finishing machine. The biggest user interface with 15,4” is offered by Sedo- mat 8015.

In addition to the well proven benefits of the Sedomat controllers, the new series is more flex- ible and offers different interfaces options like CANopen, Profibus DP and MODBUS RTU. To improve the communication between different systems, OPC UA and MQTT interface will en- hance data communication.

Using a Sedo SmartBracelet the machine operator will get every notice directly on his wrist. He can act immediately when a machine requires his attention.

SedoMaster is the core of the production shop floor: Intelligent central production planning, control, monitoring, and reporting becomes available. It is a useful tool for all key operators and the management due to the connection of all dyeing and finishing machines. Powerful reporting gives information on productivity, resource costs and OEE. SedoMaster also links all periphery systems like dispensers, dissolvers, or ERP systems.

With the new SedoAPP all production data can also be displayed on mobile devices.

SedoExpert is a PPS system which offers a management platform for textile plants and con- nects the ERP to MES. Customer’s production orders are managed according to standard procedures. Production is tracked and monitored in real time. This ensures a clear organization of the workshop.

The Textile Manufacturing Simulation system (TMS) is developed to create the most effi- cient production schedule for all active production orders (SFOs). With TMS all orders can meet their delivery date and the machine utilization is enhanced. Further advantages are opti- mized resources and energy costs as well as improved quality.

Within the past years, energy cost becomes one of the most important cost factors for the textile finishing industry. EnergyMaster calculates the energy consumption in production and gives the required information to optimize energy use. This results in a better carbon footprint and saves a lot of cost.

ColorMaster is the most expert system for recipe management and color measurement. The Windows based software calculates the best and most cost-effective recipe in laboratory and in production it offers the best possible treatment and correct dye program selection. Colori- metric control within different production steps and calculation of additions for addition treat- ments supplement its functionality.

The perfect tool to optimize/automate wash- and rinsing process is Ecomat. It comes with optical RGB-technology and checks online the water clearness during washing/rinsing after the dyeing process. Connected to the Sedomat controller, it can automatically optimize and automate the rinsing process.

With Sedo Treepoint systems, you can get many cutting-edge features for the Smart Factory and along with smart software solutions the complete textile supply chain is integrated trough intelligent production. Sedo Treepoint products help to improve sustainability, reduce costs, and increase productivity and efficiency at the same time.

Posted May 7, 2021

Source: Sedo Treepoint GmbH

India’s Tech-Enabled B2B Apparel Manufacturing Platform Fashinza Is Expanding To The US

NEW DELHI — May 6, 2021, 2021 — Fashinza, a global B2B apparel manufacturing platform, is strengthening its global presence by expanding their services to New York, in partnership with a few leading brands. Fashinza solves some of the toughest apparel supply chain challenges by helping brands to work directly with manufacturers in a transparent manner, with the help of their unique digitized supply chain. Backed with funding from Accel Partners and Elevation Capital, Fashinza seems equipped to carve their space in New York’s apparel industry, with the goal of reinventing the $800bn global fashion manufacturing business for the e-commerce era.

The global apparel industry has been going through a turmoil of late. The pandemic exposed the structural issues of the industry which relies on months of long lead times, huge volumes to drive down costs, and hence a massive inventory problem. Moreover, it’s surprising that in the age of Amazon and Shopify, the supply chains are still managed on emails and spreadsheets. The mammoth coordination effort without technology results in delayed deliveries and long turnaround times.

Fashinza’s team believes that apparel manufacturing needs a technology-led intervention for it to combat these issues and become more transparent, efficient, sustainable, and automated. Fashinza’s platform allows companies to track the daily progress of their orders on an AI-regulated dashboard, with live updates from the factory floor, eliminating the need to make a hundred calls and emails for follow-ups. It also helps brands to reduce wastage, inventory forecasting errors, and enables quick replenishment of bestsellers with a fast turnaround time.

Fashinza has established their presence in 10 countries and have served brands from USA, Canada, UK, UAE, and India. Presently, they’re associated with 50+ industry leaders including Forever 21, Hummel, Reliance, and others.

The Co-Founders of Fashinza, Pawan Gupta and Abhishek Sharma, remarked that the apparel industry has evolved over the decades, which has given rise to new priorities. Pawan said, “For fashion brands, outsourcing overseas comes with a whole lot of challenges – from finding an ethical supplier to implementing quality checks- the pain points are numerous. Our policy of ‘complete ownership’ solves this problem for brands since we take care of the entire production process from designing to delivery. We have all seen cases where clothes were being manufactured under dangerous conditions and the brands were oblivious to it. This is not just a risk for the concerned brand’s reputation but is also a humanitarian crisis. By making ethical working conditions a mandate for all our partner factories, we ensure our associate brands never have to worry about these problems.”

In New York, Fashinza’s office is in the Downtown Financial District, but presently they’re working from home because of COVID.

Posted May 6, 2021

Source: Fashinza

Fruit Of The Loom Partners With Zara To Launch New Global Capsule Collection

Fruit of the Loom has partnered with Zara to launch their first joint capsule collection available in Zara stores globally and on Zara.com

BOWLING GREEN, Ky. — May 6, 2021, 2021 — Fruit of the Loom has partnered with Zara to launch their first joint capsule collection available in U.S. stores today. The collection can also be found in Zara stores globally and on Zara.com.

The inspiration behind the collection was a play on Fruit of the Loom’s heritage and leverages the brand’s most recognized vintage logo. Incorporating classic styles that the brand is famous for, the new women’s collection features bright-colored, quality T-shirts, sweatshirts with matching shorts and pants, and undergarments.

“It’s an honor to collaborate with one of the world’s most prominent and innovative fashion brands,” said Karen Kendrick, vice president, Brand Communications and Creative Services. “Zara’s use of our logo from the 80s and 90s, modernized with bright colors, is a wonderful tribute to the fun, optimistic spirit Fruit of the Loom embodies.”

Featuring a round neck sweatshirt with long sleeves and a ribbed trim, high-waisted pants with an adjustable drawstring elastic waistband, a round neck tank top with a patch at the front hem, a V-neck crop top with straps and matching elastic hem, and others, the full capsule collection ranges from $19.90 to $39.90*, offering a variety of comfortable and stylish selections.

The limited time collection is currently available at Zara stores worldwide.

Posted May 6, 2021

Source: Fruit of the Loom

3DLOOK Partners With Dickies® To Offer Tmall Global Shoppers A Personalized Fitting Experience

SAN MATEO, CA — May 6, 2021, 2021 — 3DLOOK, a supplier of AI-first mobile body measuring and fit solutions, today announced that it has partnered with Dickies®, owned by VF Corporation, to offer Dickies customers a personalized fitting experience on Alibaba Group’s Tmall Global platform in China. The pilot program, the first of its kind for any of VF Corporation’s brands, will leverage 3DLOOK’s technology to provide highly accurate size and fit recommendations, removing any confusion about what size consumers should buy when shopping for Dickies apparel on Tmall.

“We’re honored to be working with the forward-thinking team at VF Corporation to develop a solution that will enable a highly personalized and seamless Dickies shopping experience for a new generation of online customers,” said Whitney Cathcart, Chief Strategy Officer and co-founder of 3DLOOK. “We’re excited to execute this pilot program and look forward to extending it in the future, as it has the potential to completely transform the customer fit experience and become the foundation of a more efficient and sustainable manufacturing business model.”

3DLOOK’s technology increases conversion and decreases return rates for brands by using a patented combination of computer vision and 3D statistical modeling to obtain landmarks and more than 80 measurement points from just two smartphone photos of a shopper.

Shoppers on the Dickies Tmall store simply choose a style and click on a measurement widget to be voice-guided through a quick, easy and engaging process that uses just a front and a side photo.  The solution then maps the shopper’s body and shape data with product data to determine what size would fit them best.

The Tmall Global pilot program with 3DLOOK is Dickies’ first step in achieving its goal of restructuring its manufacturing processes, speeding time to market, reducing costs across its supply chain and shifting to a customer-centric, on-demand manufacturing business model. The initiative will allow Dickies to gauge customers’ reaction to the 3DLOOK fit experience and gather insights before implementing changes throughout its supply chain to improve efficiency and expanding the solution to other brands in VF Corporation’s portfolio.

“A few years ago, VF Corporation embarked on a journey to digitize its brands’ product creation and go-to-market processes,” said Adela Tan, Vice President and Managing Director, Dickies (VF Asia Pacific). “The pandemic only accelerated our need to use digital technologies to become more agile and responsive to consumers’ demands and fit recommendation was one of the top opportunities we identified. We chose to partner with 3DLOOK and launch this project on Dickies’ Tmall flagship store to target China’s digitally savvy Gen Z consumers and better understand their appetite for such functionality, so we can incorporate the learnings and scale our efforts across multiple brands and regions.”

Posted May 6, 2021

Source: 3DLOOK

Mimaki Announces Global Innovation Days Event Designed To Inspire And Invigorate The Printing Industry

AMSTERDAM — May 6, 2021, 2021 — Mimaki, a manufacturer of inkjet printers and cutting systems, unveils Innovation Days (2-4 June 2021), a collaborative virtual event, bringing together Mimaki’s regional offices to encourage and nurture innovation in the printing sector. The programme of events, led by experts from Mimaki Japan, USA and Europe, will focus on addressing the needs of customers and prospects in their local markets, as well as demands across sectors (sign graphics, industrial, textile and 3D) to overcome today’s challenges and drive success within the industry. Attendees will also have the opportunity to further explore the newest additions to Mimaki’s product portfolio, the JFX550, JFX600 and SUJV-160, through live demonstrations following the launch of these solutions at virtual.drupa.

Initiated by the Mimaki Print Festival last year, Mimaki continues to expand its online events programme to support and connect with partners and customers globally. Using a custom online platform, visitors to Innovation Days will be able to attend live demonstrations of Mimaki’s latest products, have access to special promotions, watch webinars, meet and chat to Mimaki experts, and engage in roundtable discussions.

In addition, this joint venture between regional offices offers visitors the unique chance to explore the Mimaki headquarters, with virtual tours of the HQ factory in Japan and the chance to engage with exclusive greetings from the president during the event. Mimaki Europe, USA and Japan will also have targeted, regional event agendas, open to local print service providers or those outside the region who are looking for greater insight into the global printing industry.

“Throughout 2020, Mimaki prioritised our customers, partners and the wider industry, offering online support, education and networking in the absence of in-person tradeshows and showroom tours. As the impact of the pandemic continues into 2021 for many, so does the need for the printing industry to work together and inspire each other to succeed”, Danna Drion, General Marketing Manager EMEA, comments. “With Innovations Days, we very much want to recreate the lively, innovative space of a tradeshow as much as possible. Over these few days, Mimaki experts and the public alike will come together to share collective expertise, engage in discussion, and showcase the application possibilities achievable with brand-new Mimaki technologies. We have seen many businesses expand or completely shift their portfolios to new sectors during the pandemic, and we hope to support and encourage those undergoing or considering change.”

Leading up to the Innovation Days, Mimaki Europe has also released another virtual initiative, Mimaki Digital Showroom, to engage with its customers. This virtual space mirrors the traditional showroom where Mimaki’s customers and prospects will be able to experience the technologies in action and speak to the team about the latest market trends and the solutions that could help them meet current demands. The Mimaki Digital Showroom project is part of the company’s efforts to stay side by side with the digital printing community and commitment to adding value and keeping developing the online experiences.

Posted May 6, 2021

Source: Mimaki

Indorama Ventures Reports Strong First-Quarter 2021 Volumes And Margins Amid Global Recovery And Business Transformation Projects

BANGKOK, Thailand — May 6, 2021, 2021 — Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced its first quarter 2021 financial results.

1Q2021 Performance Summary

  • Revenue of $3,240 million in 1Q2021, +10 percent YoY
  • Reported EPS of 1.04 THB, compared with 0.20 THB in 4Q20 and 0.07 THB in 1Q20
  • Reported EBITDA of $483M= million coming from higher Core EBITDA ($369 million, registering a growth of 45 percent QoQ and 21 percent YoY), positive contract adjustments and inventory gains
  • Company-wide cost and business transformation, Project Olympus, yielded $67 million during the quarter, on track to deliver our 2021 target of $287 million ($195 million extra efficiency gains over 2020)

Overview

Positive global sentiment, underscored by rebounding global oil prices and vaccine rollouts, has resulted in strong volume demand and strong margins for all IVL’s key products, driven at first by recovery in China and carrying forward into the second quarter. Global inventory levels are tight and combined with supply chain shocks are leading to margin increase in all commodity products, supporting the increase in crude oil prices. The rise in crude prices has also brought with it improvement in the shale gas advantage, benefiting IVL’s IOD (Integrated Oxides and Derivatives) business segment in North America. All of this is translating into stronger than anticipated earnings in first half 2021.

Transformation Underway

Amidst the recovery, IVL remains focused and committed to the various transformation programs that it embarked on in 2020. The company is making good progress on its journey towards one ERP, strengthening data platforms and digital tools that will allow the company to improve management. Better business analytics will improve discipline in areas such as exposure management, a crucial aspect given the complex nature of today’s markets. Additionally, IVL has created centralized expert enabling functions in areas such as Digital and Business Continuity to provide best-in-class support to its business segments.

IVL’s recent leadership re-organization – 16 distinct business verticals within three business segments under one global CEO – demonstrated deftness and agility in keeping supply chains functioning with minimal disturbance to cater to strong customer demand. IVL’s regionally integrated business model has proven beneficial through the various supply chain disruptions seen this quarter, notably the Polar Vortex and Suez Canal blockage. Having access to its own raw material has allowed IVL to operate at higher rates, and thereby reliably serve customers, due to our supply chain resilience.

ESG & Carbon Neutrality

Carbon neutrality will be IVL’s key differentiator going forward, and IVL has laid out a strategy to include recycling, renewable energy, ethical carbon offsets and adoption of new green technologies and initiatives. The company is in a unique position as the largest PET producer to be the leading sustainable player by leveraging on its scale to support customer’s sustainability targets.

This past Earth Day, IVL proudly launched the industry’s first certified Carbon Neutral PET pellet through its Deja™ sustainable brand platform. IVL’s carbon neutral PET pellets are made with renewable energy, locally sourced materials and low impact water transport to achieve a carbon neutral footprint for its customers. Deja is integral to IVL’s commitment to contributing to the achievement of the UN 2030 agenda for sustainable development.

Project Olympus

IVL’s company-wide cost and business optimization program continues on track. Having over-delivered on its targets by 21 percent in 2020, the company has made progress as planned in 1Q21. The program has yielded $67 million this quarter, split evenly between business-led initiatives and cost transformations. The majority are initiatives focused on sales excellence and operational excellence, allowing IVL to provide better value propositions to customers and improve overall productivity and costs. IVL continues to engage leading external experts to bring the tools and practices that will provide effective ways to execute the Olympus initiatives, enabling IVL businesses to achieve their full potential. IVL remains on track to achieving $287 million efficiency gains in 2021 ($195 million more over 2020).

Aloke Lohia, group CEO of Indorama Ventures, said: “Last quarter I stated that 2020 brought no structural damage to the industries IVL plays in and the first quarter of 2021 has further solidified this thesis. Our advantaged portfolio and experienced management, supported by our transformation programs, will yield superior returns for shareholders in line with our 2023 targets. Our journey towards carbon neutrality will be a key guidepost for IVL’s actions going forward, in our quest to be a world class sustainable chemical company.”

Posted May 6, 2021

Source: Indorama Ventures Public Company Limited, (IVL)

ANDRITZ Successfully Starts Up A New Batt Forming Line For Stitchbonding At Romatex, South Africa

GRAZ, Austria — May 6, 2021, 2021 — International technology Group ANDRITZ has successfully started up a new batt forming line at Romatex Home Textiles (Pty) Ltd., based in Cape Town, South Africa. The line is dedicated to the production of Maliwatt products used in a wide range of applications, including home textiles, construction, geotextiles, medical, footwear, and as a replacement for plastic in the retail sector.

ANDRITZ has supplied Romatex with dedicated batt forming equipment, mixing an aXcess card and an eXcelle crosslapper to provide Romatex’s technical characteristics in terms of product quality and line performance. This new stitchbonding line will enable Romatex to better serve its customers and meet their requirements perfectly.

“We bought a first line from ANDRITZ in 2017 and have been very satisfied with the close collaboration between our companies, the flexibility and reliability of the machines, as well as the excellent service in the years that followed. It was, of course, an important consideration in the choice of supplier for our new investment. Again, ANDRITZ provided very good project management, and the new line is running to our full satisfaction,” says Helmut Höck, General Manager Operations at Romatex.

ANDRITZ is one of the global market leaders for supply of nonwoven production technologies, including batt forming equipment for the stitchbonding processes used to make Maliwatt, Malivlies and quilting. This segment addresses a variety of applications, including automotive, household, bedding, roofing, footwear, medical filtration, wipes, and many others.

Romatex Home Textiles is one of the largest household textile manufacturers in South Africa and can look back on a successful history. Its facility is located in Cape Town. One of the company’s key strengths is its product diversification. Today, they offer a complete range of bed linen, duvets, pillows, and stitchbond products.

Posted May 6, 2021

Source: ANDRITZ GROUP

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