Spinning
Oerlikon reports third quarter 2024 results, highlights strong execution in a challenging market landscape
In the third quarter of 2024, Oerlikon reported a stable operational Group EBITDA margin, despite challenging market conditions, thanks to a focus on pricing, cost management, and efficiency across both divisions. Group order intake saw a 4% year-over-year decline at constant FX, attributed to temporary market softness in Surface Solutions, while orders in Polymer Processing Solutions showed signs of stabilization.
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Ibrahim Fibres from Pakistan orders new cards for a flagship project
Ibrahim Fibres operates nearly 200 Trützschler cards, which is more than any other business in Pakistan. The leading yarn and Polyester Staple Fiber (PS) manufacturer has partnered with Trützschler for over two decades - and recently wanted to start processing long polyester and viscose fibers. It's an unusual request that brings unique challenges. The Trützschler R&D team worked closely with the customer to find the optimal solution: The TC 30Si carding machine.
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Successful at ITMA Asia 2024 - Saurer's technology highlights
At ITMA Asia 2024, Saurer's new products were very popular and in the focus of visitor interest. Investment in new equipment seems to be on the rise and Saurer was positively surprised by the number and quality of visitors as well as the deals closed during the exhibition. Overall, visitors showed great interest in all the Saurer innovations designed to contribute to the future of textile technology and yarn production.
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Spinning
Rieter, ARISE IIP, and Afreximbank sign framework agreement for Africa Textile Renaissance Plan
ARISE IIP, the pan-African developer and operator of world-class industrial parks, has partnered with African Export-Import Bank (Afreximbank) and Rieter, the world’s leading supplier of systems for manufacturing yarn from staple fibers in spinning mills. The unprecedented partnership will spearhead the “Africa Textile Renaissance Plan” – a transformative initiative aimed at revitalizing the continent’s textile sector. This ambitious project will leverage ARISE’s extensive network of industrial parks to support a new era of textile manufacturing in Africa.
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Spinning
Sinowin commissions first 8-end PA66 tire yarn plant
Sinowin Chemical Fibers is the first PA66 industrial yarn producer in the Chinese province of Henan to commission 12 positions of an 8-end tire yarn plant from Oerlikon Barmag. The airbag and tire yarn specialist is thus reaffirming its commitment to the growth market of automotive textiles. The 8-end concept, which is unique on the market, scores above all with its energy efficiency and cost-effectiveness.
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Rieter places bond for a total of CHF 65 Million
Rieter has today placed a bond of CHF 65 million with a term of five years and a coupon of 3.5%. The net proceeds of the issue will be used for general corporate purposes. “The bond also extends the maturity profile of our debt financing and increases the diversification of the investor base as well as our strategic flexibility,” said Oliver Streuli, Rieter Group CFO.
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Oerlikon Manmade Fibers Solutions continues to rely on online training center
One year after the BCF module of the Digital Academy went live, Oerlikon Manmade Fibers Solutions draws a positive balance. Feedback from US carpet yarn manufacturers already using the portal shows that the company has taken the right approach with the offering.
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BCF yarn producer Sitong expands polyester capacities
The Chinese carpet yarn manufacturer Zhejiang Sitong New Material Technology Co., Ltd. is expanding its polyester capacities with the commissioning of an Oerlikon Neumag BCF system of the BCF S+ type. This will enable the company to ensure a balanced production of polyester, polyamide and polypropylene yarns.
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Rieter's new machine business will decline dramatically in 2024
The market environment in the reporting period was characterized by restrained investment in new machinery in almost all regions except China. Demand for consumables, wear & tear and spare parts weakened slightly due to the low spinning mill capacity utilization. The noticeable downturn in consumer sentiment had a further dampening effect throughout the entire textile value chain.
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Groz-Beckert at the ITMA Asia + CITME 2024 in Shanghai
The ITMA ASIA + CITME 2024 is in full swing and Groz-Beckert is presenting the highlights and innovations of its six product areas – Knitting, Weaving, Nonwovens, Tufting, Sewing and Spinning – in Hall H4, Booth C04.
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Rieter Ring Spinning System powers Beste’s fully traceable supply chain
The innovative Italian textile company Beste Spa has placed an order for a complete Rieter ring spinning system. The latest Rieter technology, in conjunction with digitization and automation solutions, will support Beste in setting up the entire textile production process locally in Italy, centered around producing the highest quality for luxury brands. This investment is a key component of the ITACO project, which focuses on creating a 100% organic and fully traceable Italian cotton supply chain.
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Saurer at ITMA Asia 2024 – Leading technology for the yarns of tomorrow
Saurer is pleased to announce its advances in textile technology, showcasing the next generation of Autoairo air spinning and Autocoro 11 rotor spinning technology at ITMA Asia 2024. The brand new Autocard SC 8 will be shown for the very first time to the public. The latest Zinser 51 ring spinning machine and the PrimeTwister, a two-for-one twister, will be demonstrated live on the booth. We look forward to seeing you at ITMA Asia 2024 in Shanghai from 14 to 18 October 2024 at booth A55 in hall 8.
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Savio presents latest technology at ITMA ASIA + CITME 2024
The newest automatic winder Proxima Smartconer® and air-jet spinning machine LYBRA Smartspinner® will be showcased at ITMA ASIA 2024 exhibition, taking place in Shanghai, China, from 2024 Oct 14h1-18th. Savio will be participating to ITMA ASIA 2024 exhibition, which will take place in Shanghai from 14th-18th October 2024.
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Spinning
Reifenhäuser strengthens field service operations in the Middle East and Africa
Reifenhäuser Group, a global leader in plastics extrusion technology, announces a significant expansion of its field service operations across the Middle East and Africa (MEA) region. Building on a longstanding presence in the region, which includes a sales office established in United Arab Emirates five years ago, Reifenhäuser is now taking a major step forward to enhance its local customer support and service capabilities.
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ATY one-stop solution provider ready for China
Heberlein, the leading supplier of air interlacing and air texturing jets, aims to impress visitors at ITMA Asia + CITME 2024 with an amazing technical achievement in DTY and the latest components, including the brand new HemaJet-LB06. The jet housing shows great compatibility and makes the Swiss company a one-stop supplier for air-texturing processing.
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Oerlikon offers energy-efficient technologies for further conversion and expansion of a sustainable Chinese manmade fiber production
This year's ITMA Asia + CITME 2024 trade fair appearance of the Oerlikon Polymer Processing Solutions Division will once again focus on current challenges for the global textile machinery industry: the consistent replacement of old systems with energy-efficient and sustainable technology solutions, the use of digital software and hardware solutions to increase productivity and ensure material quality, and the traceability of all products to enable the recycling of the raw materials used in a future-oriented circular economy.
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