KOCH TO BUY DUPONT'S LYCRA
DuPont has sold Invista formerly DuPont Textiles &
Interiors (DTI) - to US-based Koch Industries for US$4.4 bn
in one of the largest deals in the history of global textile
Koch will combine Invista with its polyester and fibers unit,
resulting in annual sales of about $9 billion. The unit makes
materials used in products such as car tires, sleeping bags
and plastic bottles. Lycra is a stretch fabric used in tights
and other clothing, while Invista also owns the Stainmaster
carpet brand. DuPont is selling Invista as part of its $900
million cost-cutting and repositioning program. The sale comes
after years of decline in the U.S. textile industry.
DuPont-key player in technical textiles
DuPont will remain a key player in technical textiles despite
the recent sale of its Invista fibres and textiles business.
As a result of the sale, DuPont has distanced itself from brands
which are associated mainly with commodity fibre and fabric
industries for mass apparel markets. At the same time, it has
managed to retain some of the world's best known technical and
performance brands and technologies, such as Kevlar, Nomex and
DuPont's chief executive officer (CEO), Charles Holliday, has
described the sale of Invista as "a bittersweet milestone".
But for DuPont's profitability the move can only be seen as
positive. Invista was a stone around DuPont's neck. Because
of high energy costs and competition from Asian fibre suppliers,
Invista represented the company's least profitable business-even
after laying off 2,000 workers in 2002.
DuPont's technical textiles-related businesses are now spread
across a wide range of its operations. In general they can be
broken down into two fields: aramid based products; and nonwovens
based products. Its aramid based products include some well
established brands such as Kevlar and Nomex. They also include
Aracon, Korex, ThermaBlock, ThermaColor and Thermount. Its nonwovens
based products include Softesse, StaSafe, Suprel, Typar, Tychem
Koch Industries, based in Houston, Texas, is the second biggest
privately held company in the USA after Cargill. The company
operates in a diverse range of industries -- from chemicals
and natural gas to securities and finance. Prior to the purchase
of Invista, Koch generated revenues estimated at around US$40.7
bn and had a workforce of 15,000. The Invista deal has more
than doubled that.
The chief executive of Koch, Charles G. Koch, has spoken of
plans to combine its own "commodity expertise" with
Invista products and brands such as Lycra, Dacron and Stainmaster.
However, whether Koch will maintain DuPont's high expenditure
on brand marketing and on research and development is unclear.
Invista also has an impressive portfolio of technical textile
brands -- including Altara, Aquator, CoolMax, Cordura, Dacron,
Solarmax and Thermolite -- which Koch has now acquired by purchasing
the business. But, in general, these brands are not as well
established in technical textiles as those retained by DuPont.
In fact the better known of Invista's brands are for general
apparel, where import competition is high and margins are tight.
DuPont, by contrast, can look forward to a profitable future
by supplying the value-added segment of the global technical
SOLUTIONS, SERVICES & TRAINING
The Embroidery Connection is a co-operation of 3 independent
companies with the goal to offer their customers a wide range
of services in the Embroidery Industry. Members are the Heinzle
Embroidery AG Switzerland, Interservices Medik Austria, and
AllCAD Technologies Ltd. Hong Kong.
The Embroidery Connection, short EC, provides complete solutions
and services to ensure the success of their clients.
The Embroidery Connection also provides training for customers
to ensure that they can fully utilize the systems to improve
the quality of their products and consequently their position
in the market.
In offices in Austria, Switzerland and Thailand the EC develops
the full range of Embroidery Solutions and Systems. With additional
Support Centers in Singapore and Columbia the EC provides support
for their customers. The solutions and services include Embroidery
Designing & Punching System. Digital solutions for mechanical
embroidery machines and Card Simulator and a library with more
than 5100 embroidery designs.
ACQUISITION OF FLEISSNER
Zimmer AG, Frankfurt am Main, has acquired all shares in Fleissner
GmbH & Co. Maschinenfabrik, Egelsbach, from Mr. Gerold Fleissner.
Following the implementation of various measures under company
law, the name of the company now is Fleissner GmbH.
This change has become effective on January 21, 2004 through
entry in the trade register at the lower court of Offenbach.
After entry of the name-change the business of Fleissner GmbH
& Co. Maschinenfabrik will be continued in Egelsbach under
the new name Fleissner GmbH.
The business activities of the company will not be affected.
All contracts signed under the name of Fleissner GmbH &
Co. Maschinenfabrik will remain in full force and effect, company's
new name Fleissner GmbH.
SINHA DYEING BANGLADESH
Kusters has recently announced the sale of one bleaching and
one washing range for delivery in Spring 2004. Finishing of
wovens CO and CO/PES 250 g/m2, average material width 1800 mm.
Bleaching range for 80 m/min, with vacuum system, FlexNip, Contidos,
cylinder dryer, washing machine, type Compacta.
Washing range designed for washing after dyeing and printing
up to 60 m/min, with Uflo vat and vacuum systems, washing machines
TurboFlush and Compacta.
Follow-up order of Hamid Fabrics entails singeing, bleaching
and washing range Pad Steam and CPB.
500th ComforSpin machine delivered
Rieter already installed the 500th ComforSpin machine at Lu
Thai, Zibo City, Shandong Province, China - in the first quarter
of 2003. Messrs Schneeberger, Haltner and Lei Jianglin of Rieter
Machine Works Ltd. presented a gold-plated perforated drum and
a rock crystal to Messrs Li Tongmin and Wang Fang Fhui of Lu
Thai's management team during a formal ceremony to celebrate
this occasion in November 2003.
Lu Thai: vertically integrated mill
Lu Thai, a vertically integrated company with its own spinning,
weaving and knitting mills as well as finishing and garment
manufacturing operations, is located close to the coast between
Peking and Shanghai. In the context of four orders placed to
date, a K 44 installation including preparatory machinery has
been installed and partially brought into operation since the
beginning of 2002. The 500th ComforSpin machine is one of the
units included in the first follow-up order. As a result of
this investment, Lu Thai has become one of several large COM4
yarn manufacturers in China. With more than 4,000 employees
and 88,000 ring spinning spindles, the company previously produced
8,000 tonnes of yarn, 65 million meters of fabric and 5 million
shirts / T-shirts annually. The new machines have virtually
doubled manufacturing capacity. The COM4 yarns provide the basis
for the high and consistent quality of the products intended
for the export market.
With its ComforSpin process, which has been in use worldwide
for more than 6 years, Rieter is a technological pioneer and
undisputed market leader in the field of compact spinning. Several
hundred units of the second generation of ComforSpin machines
are already in operation in the shape of the K 44.
The basis for these machines is the G 33 ring spinning machine,
more than 2,000 of which have been sold worldwide. Optimum compacting
is ensured by the compacting zone integrated in the drafting
system; this consists of a wear-resistant perforated drum with
direct drive and a fixed suction insert, together with an air
guide element guaranteeing high compacting efficiency. The product
of the ComforSpin process is trademarked COM4 yarn featuring
minimum hairiness and incomparably high strength.
The yarn properties arising from optimum utilization of the
fibrous substance result in improved running properties and
measurable cost reductions in downstream processing. Rieter
has already sold more than
700 ComforSpin machines in 20 countries worldwide to
The yarn properties arising from optimum utilization
of the fibrous substance result in improved running properties
and measurable cost reductions in downstream processing.
Rieter has already sold more than 700 ComforSpin machines
in 20 countries worldwide to date.
From left to right: Mr. Lei Jianglin, Mr.
Li Tongmin, Mr. Wang Fang Fhui, Mr. W. Haltner and Mr.
K. Schneeberger at the handover of the 500th ComforSpin
HIGH ORDER INTAKE & CONTINUED SALES
Saurer reports 2003 order intake of CHF 2,600 million, close
to the high level of the previous year (-1%, currency adjusted
-2%) and significantly increased sales by 6% (currency adjusted
+5%) to CHF 2,644 million. The sales growth was generated mainly
by increased demand for synthetic fiber plants in Asia.
Saurer textile business
In its textile business Saurer recorded an order intake last
year of CHF 1,874 million (previous year CHF 1,910 million,
-2%) and sales of CHF 1,928 million (CHF 1,778 million, +8%).
After a good start in the first half-year, the cotton sector
suffered from declining demand later in the year. This affected
especially the rotor spinning and twisting sectors, which only
showed first signs of recovery towards the end of the year.
In the synthetic fiber sector the last quarter recovery from
the previous year continued and led to a grati-fying increase
in order intake (+38%), followed by the related increase in
sales (+27%) in the second half-year. With the order book at
the end of the year again improved over the previous year, we
can expect a further increase in the synthetic fiber sector
in the current year.
In the components business order intake of CHF
726 million and sales of CHF 716 million were on a level with
the previous year.
In transmission systems Graziano's sales of CHF 553 million
were slightly below the previous year (CHF 558 million, -1%,
currency adjusted -4%) as expected. Surface technology, which
operates predominantly in the USA, reported a 5% increase in
sales to CHF 163 million in 2003 (adjusted for currency and
Saurer's 2003 results will be published (in EUR) at its annual
press-conference, to be held at the New Stock Exchange in Zurich
on March 18, 2004. The Annual General Meet-ing is on May 13,
2004 in Arbon.
For further information:
Dr. Carole Ackermann, Corporate Communications, Saurer.
40th Anniversary CELEBERATION
VeriVide is this years Society of Colourists and Dyers awards
dinner sponsor which is taking place at the organisations annual
conference in October. VeriVide is using the event as an opportunity
to celebrate their 40th anniversary and mark the beginning of
the next 40 years ahead!
Leslie Hubble Limited
During this period the company has developed significantly and
become well known as specialists in the manufacture of visual
assessment equipment. VeriVide was a brand name which belonged
to Leslie Hubble Limited. The word 'VeriVide' translated from
Latin appropriately means 'See in Truth'. The brands success
resulted in Leslie Hubble Ltd changing its name to VeriVide
Leslie Hubble spent years at the leading edge of developments
in the lighting industry while working at Thorn Lighting in
the UK. It was there that he made his reputation as a creative
thinker who could find solutions for a whole range of specialist
At the age of 65 Hubble retired from Thorn Lighting to establish
his own company. He built the first prototype VeriVide Cabinet
in his home workshop and offered it to "Stevensons"
a Derbyshire dyeing company and "Marks and Spencer",
they were so impressed that they ordered cabinets for head office
Baker Street. Leslie Hubble Ltd was launched.
In the 1950's industry increasingly made use of colour, it became
clear that standardised measurement of daylight was required.
Hubble as Chairman of the British Colour Council, was instrumental
in the search for an international standard as he became the
driving force behind the search to recreate D65 in a lamp.
communications and interior decoration. From the Bank of England
testing the colour of their bank notes to the fishing industry
assessing the colour of Salmon flesh, Verivide cabinets provide
the platform for true visual assessment.
|During their long history they have worked
closely with clients and suppliers to build up a clear understanding
of the requirements of industry. This has enabled them to
develop the range of products they manufacture and to expand
their client base at home and abroad. VeriVide company supply
blue chip organisations around the globe in such industries
as textiles, graphic arts, automotive, mobile
Colour Assessment Cabinets (CAC) by VeriVide
COOPERATION AGREEMENT WITH STRAHM
Laroche and Strahm have entered into a cooperation agreement
to supply complete lines for thermobonded airlaid felts.
From bales of wastes or fibers, Laroche will supply the waste
recycling, fiber blending and the airlay machine, where as Strahm
will supply its new HiPer®Therm oven and slitting, winding,
stacking, packing and powder scattering equipment.
To demonstrate the capacity and flexibility of this line, a
Strahm oven with 3 sections has been installed behind the airlay
in the Laroche show-room.
With a full range of opening and blending equipment, airlay
and oven, customers can now develop and test a wide variety
of innovative airlaid thermobonded felts in the Laroche show-room.
Two pictures of Laroche show
room where Strahm Oven, airlay and Strahm thermobonding oven