HanesBrands Names Michael Dastugue CFO

WINSTON-SALEM, N.C. — April 29, 2021 — HanesBrands, a global marketer of branded everyday apparel, today announced that Michael Dastugue has been named CFO, effective May 1, 2021.

Dastugue will bring more than 30 years of financial leadership and transformation experience at large organizations to the company. He has an extensive background in financial planning and analysis, corporate strategy, accounting, tax and external reporting.

“Michael has an impressive record of delivering results and building capabilities,” said Steve Bratspies, HanesBrands’ CEO. “He has been a driving force in large-scale change programs and in positioning companies for long-term growth. Michael is an outstanding leader with a strategic mindset, and I look forward to partnering with him as we unlock our Full Potential.”

Most recently, Dastugue was executive vice president and CFO at Walmart U.S., where he led financial activities at the company’s $370 billion U.S. segment. Dastugue played a key role in Walmart’s transformation, helping drive improved profitability and productivity across the organization. Prior to that, Dastugue served as executive vice president and CFO at Sam’s Club, Walmart’s $57 billion club division. Before joining Walmart in 2013, Dastugue was CFO at J.C. Penney, where he held a number of financial and real estate leadership roles during 20 years.

“HanesBrands has a strong foundation and is executing an aggressive strategic plan,” Dastugue said. “I look forward to joining the new leadership team, driving the growth agenda and helping the company reach its Full Potential.”

Dastugue holds a bachelor’s degree from Texas A&M University and an MBA from the University of Texas.

Posted April 29, 2021

Source: HanesBrands

Gaston College Appoints Don Rusch As New Director Of Textile Technology Center 

DALLAS, N.C. — April 29, 2021 — Don Rusch has been appointed as the new director of the Textile Technology Center (TTC) at Gaston College.

Rusch will be directing, managing, supervising and coordinating the programs and activities of the TTC. He is a seasoned industry leader with more than 25 years of experience in textile plant operation.

“I am truly excited and grateful for the opportunity to serve Gaston College and Textile Technology Center,” Rusch said. “In my new leadership role, I look forward to working with industry partner’s and clients as we continue to focus on key areas of growth and innovation for the state and region.”

Rusch will oversee all day-to-day aspects of the TTC and will be working with the new Manufacturing and Textile Innovation Network (MTIN), a ground-breaking network that partners Catawba Valley Community College’s Manufacturing Solutions Center (MSC) with Gaston College’s Textile Technology Center. He will oversee 25 employees at the Textile Technology Center.

“The TTC is an exciting and unique place to experience the cutting edge and innovative evolution occurring in today’s Textile Industry,” Rusch said. “I look forward to the challenge of preserving our excellent reputation as a pro-customer oriented and state-of-the-art facility. We have a future pipeline of projects coming our way.”

A graduate of the North Carolina State University Wilson College of Textiles, Rusch has a vast array of experience from Fiber Science, Process & Product Development, Technical Services and Operational Management with companies such as Eastman-Kodak, Springs Industries and Beal Manufacturing. He has also worked extensively in the Product Development Labs at the TTC.

“I could not be happier with the selection of Don Rusch as the new Director of the Textile Technology Center (TTC),” said Sam Buff, vice president and general manager of the MTIN. “He has a wealth of industry experience required for this job. Don led the TTC’s Product Development Labs for 3 years, where it enjoyed a significant expansion of capabilities, staffing and sales. The TTC is in great hands.”

Posted April 29, 2021

Source: The Textile Technology Center at Gaston College

INDA Releases 2020 Nonwovens Supply Report

CARY, N.C. — April 29, 2021 — INDA, the Association of the Nonwovens Fabrics Industry, announces publication of the eighth edition of the annual North American Nonwovens Supply Report for its members.

Based on extensive research, producer surveys and interviews with industry leaders, the report provides an overall view of North American supply, including the key metrics of capacity, production and operating rates, in addition to regional trade, through the year 2020. The 72-page report contains 36 figures and 11 tables, with two new figures this year.

“One of INDA’s key services is to provide valuable data and actionable industry information to enhance decision making in our capital-intensive industry. This report is the most complete and accurate portrayal for both rolled goods for sale and also material produced for internal consumption in North America. It also presents the industry operating rates in key areas; the essential element for strategic planning and business investment decisions,” said Dave Rousse, INDA president.

The report — and the quarterly INDA Market Pulse and monthly Price Trends Summary — are provided to the approximately 375 INDA member companies and associates as part of their membership. The data gathered for this annual report serves as the foundation for the biannual North American Nonwovens Industry Outlook, which was recently published in December of 2020.

Findings from this year’s Supply Report include:

  • In 2020, North American nonwoven capacity increased to 5.552 million tonnes, a net increase of 0.7 percent (39 thousand tonnes) over 2019. This growth figure accounts for not only the addition of new lines, but also machine productivity increases and line closures to arrive at a net increase growth figure. In the last three years, 51 lines have come online and 22 lines have been shut-down. Furthermore, as a result of the pandemic some of the new line additions planned for 2020 have shifted to 2021.
  • Operating rates in 2020 were two-sides of the same coin, as some end-use markets were completely shut-down for a few months, notably building and vehicle construction, and other end-uses were operating full-out…if they could. Producers were challenged by workforce and transportation issues. As a result, the overall operating rate only increased one-percentage-point over 2020. Additionally, as the operating rate is based upon tonnage, the increased demand for lighter-weight materials – medical apparel and fine-fiber meltblown – affected the total tonnage output, as some lines were running full-throughput of surface area, but not tonnage.
  • North American imports and exports, in tonnage, increased 51.2 percent and 14.2 percent respectively year-over-year. Imports were led by China (+97,200 tonnes, +121 percent) and India (+11,000 tonnes, +37 percent). Even with the significant shifts in North American trade dynamics, nonwovens tend to stay where they are produced, with the net trade balance (imports less exports) accounting for less than ten percent of the region’s capacity.

“This is a great time to be in nonwovens,” said Brad Kalil, director of Market Intelligence & Economic Insights, INDA. “We are in a business that is expanding faster than the economy as production growth exceeded U.S. real GDP for the seventh consecutive year. Production growth also exceeded capacity growth for the fourth consecutive year. The overall operating rate for the industry also improved for the fourth consecutive year. Lastly – and most importantly – we are in a business that protects and improves people’s lives. This has been brought to the forefront recently with the benefits of protective medical apparel, respirators, face masks, and disinfecting wipes, now known by all. The nonwovens industry has responded to the pandemic and will continue to provide materials that keep the surfaces we touch clean, make safe the air we breathe, and provide a barrier to keep our bodies safe.”

Posted April 29, 2021

Source: INDA, the Association of the Nonwoven Fabrics Industry

NCTO President & CEO Kim Glas Testifies On Supply Chain Resiliency At House Small Business Subcommittee Hearing

WASHINGTON, DC — April 29, 2021 — National Council of Textile Organizations (NCTO) President and CEO Kim Glas is testifying today on “Supply Chain Resiliency and the Role of Small Manufacturers” before the Small Business Committee’s Subcommittee on Economic Growth, Tax, and Capital Access at 1:00 p.m. ET.

In written testimony submitted to the committee, Glas provides an overview of the incredible resiliency of the U.S. textile industry during the COVID-19 pandemic, the impact of the ensuing economic crisis, existing options available to small manufacturers to access capital, and policy recommendations to strengthen the entire industry domestic supply chain.

“One silver lining associated with the immense challenges posed by the COVID-19 crisis is that it afforded the domestic textile industry an opportunity to demonstrate its enormous resiliency, flexibility, and overall value to the U.S. economy,” Glas says in the testimony. “Despite the fact that there was virtually no [full] U.S. production of textile-based PPE prior to the pandemic, the heroic actions of domestic textile manufacturers resulted in the ability to supply homegrown PPE at the height of the greatest healthcare emergency our country has faced in the past 100 years.”

“As we exit the current crisis, rational federal policies are once again needed to ensure a stable overall environment where small businesses can compete and thrive, and targeted initiatives are required to ensure that domestic supply chains for critical materials, such as PPE, exist in the United States,” Glas notes.

Glas details five key policy recommendations supported by 20 trade associations and labor groups, representing the entire domestic supply chain aimed at strengthening the integrated U.S. textile sector:

  • Strengthen Buy American procurement rules;
  • Provide funding assistance for companies to reconstitute domestic supply chains important to U.S. national and healthcare security;
  • Key contracting reforms;
  • Streamline the SBA loan application process; and
  • Provide additional funding for workforce training.

Please view the full written testimony by NCTO President and CEO Kim Glas here.

Posted April 29, 2021

Source: National Council of Textile Organizations (NCTO)

Milliken & Company Donates 23,000 Reusable Gowns to Columbia, S.C., Schools

SPARTANBURG, S.C. — April 28, 2021 — This month, Milliken & Company donated more than 23,000 reusable fabric gowns to Richland County School District One in Columbia, S.C. The donation helps to address the need for additional personal protective equipment (PPE) as schools return to in-person learning.

“Teachers across the country continue to face some of the most challenging situations in response to the pandemic. Our hope is that this gown donation helps Richland One teachers feel empowered and, most importantly, safe while they work to educate our community’s children,” said Chad McAllister, executive vice president of Milliken & Company and president of the Textile Division.

The Center for Disease Control (CDC) requires that school nurses and special education teachers have access to gowns. The DHEC-approved gowns will be distributed to schools and offices throughout Richland One, although special education teachers and nurses will be given priority.

“Richland One would like to thank Milliken for its generous donation,” said Eunice Jones, Richland One’s Coordinator of Nursing Services. “Keeping our students and staff safe is our priority. This donation will allow continued support to our staff by allowing them to have the necessary resources to provide high quality care.”

The donation was possible due to a limited supply of excess inventory of Level 1 PPE gowns at a S.C.-based Milliken manufacturing facility. In response to the pandemic, the Textile Division at Milliken pivoted its manufacturing process to begin supplementing U.S. demand for PPE, specifically Level 1 PPE gowns. These gowns can be laundered up to 25 times, making them a sustainable alternative to single-use gowns.

The donation to Richland One follows a similar donation to 15 school districts across Upstate South Carolina in October 2020. In total, Milliken has donated more than 46,000 reusable fabric gowns to teachers across South Carolina.

“Positively impacting the communities where our associates live and work is a pillar of Milliken’s value system. Although our footprint spans the globe, knowing these gowns are supporting so many teachers right here in our company’s home state of South Carolina is an amazing feeling,” McAllister added.

Posted April 28, 2021

Source: Milliken & Company

Carbios: Update On Plan To Build A First-Of-A-Kind Production Unit

CLERMONT-FERRAND, France — April 28, 2021 — Carbios, a company pioneering new enzymatic solutions to reinvent the lifecycle of plastic and textile polymers, announces the termination, on April 28, 2021, of the non-exclusive and non-binding Expression Of Intent with Equipolymers previously announced in the press release dated April 6, 2021.

Carbios confirms its plan to build a first-of-a-kind production unit after site selection is completed in 2022.

Carbios remains committed to continuing the current discussions with a significant PET producer, announced on April 26, 2021, for the purpose of selecting the most suitable site to build this first industrial and commercial unit.

Posted April 28, 2021

Source: Carbois

VF Corp. Enters Into Definitive Agreement To Sell The Occupational Portion Of Its Work Segment

DENVER — April 28, 2021 — VF Corp. — a global supplier of branded lifestyle apparel, footwear and accessories — today announced that it has entered into a definitive agreement to sell the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments LLC, a diversified holding company.

The occupational workwear portion of VF’s Work segment includes the following brands: Red Kap®, VF Solutions®, Bulwark®, Workrite®, Walls®, Terra®, Kodiak®, Work Authority® and Horace Small®.

The sale does not include the Dickies® and Timberland PRO® brands.

Commenting on the agreement, VF’s Chairman, President and CEO, Steve Rendle, said, “The sale of our occupational work brands reflects our continued focus on transforming VF into a more consumer-minded and retail-centric enterprise while further simplifying our portfolio and operating model. We are pleased to have reached this agreement with Redwood Capital Investments. They are an ideal owner to guide these brands and businesses into their next phase of growth.”

The transaction, which is expected to close in the first quarter of fiscal 2022, is subject to customary closing conditions and regulatory approvals for a closing to occur. Terms of the agreement were not disclosed.

Barclays is serving as exclusive financial advisor to VF on the transaction. Davis Polk & Wardwell LLP is acting as legal advisor. J.P. Morgan is serving as exclusive financial advisor to Redwood Capital Investments and Kirkland & Ellis, LLP is acting as legal advisor.

Posted April 28, 2021

Source: VF Corp.

Cintas Promotes Max Langenkamp To Newly Elevated Executive-Level Position Of Senior Vice President Of Human Resources

CINCINNATI — April 28, 2021 — Cintas Corp. has announced that Max Langenkamp has been promoted to the newly created position of senior vice president of Human Resources, effective June 1, 2021.

With Langenkamp’s promotion, human resources will be elevated to an executive-level area of oversight. Before this change, human resources reported up through outgoing Senior Vice President, General Counsel and Secretary Tom Frooman, who earlier this week announced his retirement, effective July 31, 2021.

Langenkamp, currently vice president of Human Resources, will also continue to serve as chief diversity officer, the company’s top diversity, equity, and inclusion official.

“We are confident that with Max’s leadership and guidance at the executive level, Cintas will continue to attract talented candidates; retain great employee-partners; and help to develop them to take advantage of all of the professional growth opportunities that Cintas has to offer,” said Todd Schneider, currently Cintas’ executive vice president and COO and incoming CEO and president as of June 1.

“We have done an incredible amount of amazing work to position Cintas as an employer of choice, and a company that truly values its employee-partners,” Langenkamp said. “With this new role, I’m looking forward to taking that further and working with our other senior executives to continue our work growing Cintas.”

Langenkamp joined Cintas in 2006 as a member of the in-house legal counsel staff, where he managed labor and employment and litigation matters for the company. In 2011, he was promoted to Senior Director of Human Resources, supporting the Rental Division, the company’s largest division. In 2014, Langenkamp was promoted to VP of Human Resources where he oversaw the teams focused on labor and employment, talent acquisition, and employment branding. In 2019, he was further recognized by earning the role of Cintas’ Chief Diversity Officer.

Cintas currently employs almost 40,000 employee-partners across the United States and Canada.

Among the many employment-related commendations Cintas has earned under Langenkamp’s leadership include Forbes’ “Best Employer For Diversity” (2019, 2020, 2021); GI Jobs’ “Top Military Friendly Employer” every year since 2005; and Diversity Plus Magazine’s “Top 30 Champion of Diversity” multiple times. Cintas is also a regular on Forbes’ “America’s Most Admired Companies,” “Best Employer for New Grads,” and “Best Large Employer” lists.

Langenkamp was also honored by Law & Politics Magazine as one of Ohio’s “Rising Stars” in 2018, and in 2019 received Chief Human Resource Officer of the Year – For Profit Enterprise from HRO Today Magazine.

Prior to joining Cintas, Langenkamp was an attorney at Cincinnati, Ohio, law firm Dinsmore & Shohl, LLP, where he specialized in labor and employment matters in addition to general business litigation.

He earned his undergraduate degree from The Ohio State University and his juris doctorate from the University of North Carolina, Chapel Hill School of Law. He is a member of the Association of Corporate Counsel, the Ohio State Bar Association and the American Bar Association.

Langenkamp is also active with many Cincinnati-area philanthropic organizations, including serving on the board of directors of The Urban League of Southwestern Ohio, Greater Cincinnati-Dayton Red Cross, the Community Action Agency Foundation of Hamilton County and the Multicultural Foodservice and Hospitality Alliance.

Posted April 28, 2021

Source: Cintas Corporation

Darryl Wilson And Robert Pragada Elected To Eaton’s Board Of Directors; Michael J. Critelli Retires From The Board

DUBLIN, Ireland — April 28, 2021 — Power management company Eaton today announced that Darryl Wilson and Robert (Bob) Pragada have been elected to the company’s board of directors effective April 28, 2021.

Wilson is the founder, chairman and president of The Wilson Collective, a business advisory and investment firm that invests in startup companies and provides advisory services to clients in the power generation, industrial, material supply and consumer segments. Prior to founding the organization in 2018, Wilson worked for more than 25 years in global leadership roles at General Electric Company. During that time, he held a number of leadership positions of increasing responsibility including vice president of commercial, GE Power division, vice president and chief commercial officer of GE Energy Connections, and president and chief executive officer of GE Aeroderivative Gas Turbines.

Pragada is the president and chief operating officer of Jacobs Engineering Group (NYSE:J), a professional and technical solutions company that provides consulting, technical, scientific and project delivery services for the government and private sector. In this role, he has executive oversight of the company’s global operations, which consist of the Aerospace, Technology and Nuclear, and Buildings, Infrastructure and Advanced Facilities lines of business. Pragada has also previously served as president and chief executive officer of The Brock Group, Inc.

“Darryl and Bob bring extensive experience in the power, industrial and technology sectors, as well as a global perspective that will make them both valuable additions to Eaton,” said Craig Arnold, Eaton chairman and chief executive officer. “We are pleased to welcome them to the Board.”

Arnold continued, “These appointments also mark a milestone in the evolution of our Board, with two-thirds of our directors now women or U.S. minorities. At Eaton, we know having diverse teams drives innovation, growth, and strong performance. Our commitment to inclusion and diversity is also reflected in the strength of our global leadership team, more than half of whom are U.S. minorities.”

Wilson and Pragada succeed Michael J. Critelli who has reached the mandatory retirement age for directors and Richard H. Fearon who retired from the Board on March 31, 2021, having reached the mandatory retirement age for officers.

“I’d like to thank Rick and Mike for their many years of extraordinary service to Eaton,” said Arnold. “They have both made a meaningful and lasting impact on the organization, and we wish them the best for the future.”

Posted April 28, 2021

Source: Eaton Corp.

Gerdau Floats New Company To Operate In The Graphene Market

SÃO PAULO — April 28, 2021 — Gerdau inaugurated a new company today called Gerdau Graphene, which will develop and market products based on graphene applications. The Company, which will operate independently from the steel business divisions, is born with the mission of becoming the benchmark in marketing products based on graphene applications on an industrial scale in Brazil and with the focus on reaching global markets. Graphene’s benefits are derived from its mechanical properties such as reduced weight and friction, more efficient lubrication, and higher thermal and electrical conductivity, among others.

The new business unit is positioned as a major producer of graphene in the Americas. Headquartered in São Paulo and with a branch office in the United States, the Company plans to offer more technology to the construction, industrial and automotive lubricants, rubber, thermoplastics, paints and sensors industries in Brazil and countries across North America.

Gerdau Graphene is part of the portfolio of Gerdau Next, the new business division launched by Gerdau in the second half of 2020 to operate in new segments apart from steel, which account for a sizeable share of Gerdau’s revenues.

“Gerdau Graphene’s market entry is unique, thanks to its proposition of making graphene production on a large scale commercially viable. We are reaching the market with the unique advantage of being part of a solid group that enjoys high global credibility, but whose philosophy is based on open innovation in collaboration with multiple ecosystems. Our unique value proposition is to supply the market with graphene additives, boosters and plug-and-play solutions for our customers’ industrial processes. In other words, we will market both the product and the service and know-how in graphene, for which we have entered into strategic alliances with domestic and global partners. Finally, our first customer is Gerdau and its steel mills, which enables us to develop and test new products and solutions quickly and with the intimacy of application”, explains Alexandre de Toledo Corrêa, head of Gerdau Graphene.

“The launch of Gerdau Graphene is another strategic move by Gerdau Next towards diversifying the Group’s businesses to complement the steel chain and our customers’ businesses. We have already been working with graphene in Manchester, England, since 2019. Graphene is the strongest material ever found and is one of the best conductors, with numerous potential applications. Thanks to strategic alliances already established in this new business, we are confident that Gerdau Graphene will be an important player in the Americas”, says Juliano Prado, vice president of Gerdau.

Initially, Gerdau Graphene will focus on the construction, industrial and automotive lubricants, rubber, thermoplastics, paints, batteries and sensors markets in the Americas.

History of innovation

Gerdau has been researching graphene for four years. In 2019, it entered into a partnership with the Graphene Engineering Innovation Centre (GEIC) at the University of Manchester, UK, to conduct research on graphene. At the time, the company joined a select global group of companies with exclusive space for research at the center, one of the global references on the subject.

To start a business unit with a strategic positioning and a broad reach, Gerdau Graphene already has strategic alliances with major graphene developers. In the Brazilian market, it has strategic partnerships in the automotive sector with Baterias Moura and SKF do Brasil to develop applications in energy storage, rubber products, composites and paints.

About graphene and its applications

Graphene is a nanomaterial consisting only of carbon, in which the atoms are connected to form hexagonal structures. In other words, just like diamond and graphite, it is one of the crystalline forms of carbon. Due to its unique characteristics, it has become the top electrical conductor, one of the best thermal conductors and one of the toughest and most resistant materials currently in existence. Its optical properties allow almost 98% of incident light to pass through and it is extremely flexible and waterproof.

For Alexandre de Toledo Corrêa, head of Gerdau Graphene, graphene applications go beyond anticorrosive coatings and polymer composites for the automotive, construction, chemicals, plastics and rubber markets. “Setting up a business unit based on graphene for its multiple applications and the numerous opportunities for innovation is aligned with the DNA of Gerdau, which is constantly reinventing itself. Due to its small size, graphene provides us with a visionary and additional business dimension. Gerdau Graphene kickstarts its operations as a consolidating hub for the entire chain and for ongoing research in Brazil and around the world to accelerate and facilitate its application in the processes and products  of our customers,” he added.

Corrêa also states that the new company will propose solutions and applications for Gerdau’s existing customers and suppliers, generating synergies between future graphene operations and existing sales, procurement and technical application channels. “By relying on the entire Gerdau structure, we will ensure efficiency, excellence and speed, in this initial stage, in the deliveries with the partnerships we are entering into.”

Posted April 28, 2021

Source: Gerdau

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