Rieter shareholders agree to split of the Rieter Group

Shareholders at 120th Annual General Meeting of Rieter Holding Ltd approved all proposals by the Board of Directors, also including a split of the Rieter Group by separating the Textile Systems and Automotive Systems divisions into independent listed companies. They furthermore voted Erwin Stoller to the Board of Directors for another 3-year term of office.

The 120th Annual General Meeting of Rieter Holding Ltd was attended by 813 shareholders representing 51% of share capital. They approved all Board proposals, the Annual Report with the annual accounts and consolidated financial statements for 2010, formal discharge of the Board of Directors and Group management team members for the business year 2010, and change of company purpose required in connection with the Group split. Consultative approval of the Compensation Report was confirmed by some 90% of those present. Shareholders furthermore voted Erwin Stoller to the Rieter Board of Directors for another 3-year term of office.

Board Chairman Erwin Stoller opened the meeting by pointing out its historical importance: shareholders were asked to approve a split of the Rieter Group by separating the textile machinery and automotive supply businesses into independent listed companies. 99% of shareholders present approved this proposal, which included payment of a special dividend to Rieter Holding Ltd shareholders in the form of registered shares in Autoneum Holding Ltd.

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Phoenix to showcase Online Stretch Ear Applicator Unit at INDEX

The triennial event, INDEX 11, will take place at GENEVA PALEXPO in Switzerland from 12 – 15 April 2011. Located in Safra, Lebanon, Phoenix Machinery will present its machinery and retrofit units for adult diapers and baby diapers and feminine sanitary napkins, tissue converting machines, machinery automation, and CNC parts for hygiene converting machinery.

Furthermore, at Booth # 4142, Phoenix Machinery will showcase the ‘Online Stretch Ear Applicator Unit’ machine at a speed of 600 diapers per minute. Visitors of the booth will observe the machines performance, as well as view the new low waistband applicator kit, a self standing unit that can fit to any diaper machine without modifying the existing line.

Phoenix Machinery’s representatives are:

Rabih Osta
Phoenix Machinery General Manager

Jean Chalhoub
Phoenix Machinery Sales Manager

Fadi Saify
Phoenix Machinery Hygiene Chief Engineer

Chadi Mattar
Phoenix Machinery Hygiene Line Manager
Rabih Osta, Phoenix Machinery General Manager, states,

“Our competitive solutions offer competitive advantages to disposables manufacturers. Our excellent quality/price ratio allows our customers to acquire and benefit from new high performance machinery at very competitive prices.

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Tatham’s TSX & ABB to help achieve precise textile control

Tatham Ltd, a specialist textile machinery company, have in response to industry demand developed the technology to provide higher production speeds with improved product weight distribution for crosslapper control. The system can be retrofitted to all makes of crosslappers.

Tatham’s latest TSX control system utilises ABB high performance machinery drives and servomotors. Several panel combinations are available depending on the existing crosslapper configuration. The system is linked to the master process control using Profibus, an ABB AC500 PLC provides positioning data to the drives which convert it into control signals to maintain the speed of the servomotors.

The new control software provides precise positioning that is repeatable resulting in total control of the batt profile. The heaviness of the batt is a function of the speed it is laid down at and using the ABB PLC, drives and servomotors allows us to vary this precisely, giving a much more accurate and controllable build up of the layers. We can adjust the speed of the carriage at the edges of the batt to avoid distortions and maintain the required density across the entire width.

All parameters can be adjusted from the latest touchscreen operator interface. The batt density can be adjusted across its width to suit the product requirements with coefficient of variation (CV) values of around +/-1 percent. It is also possible to shape the batt to any required profile. Essentially the accuracy of the ABB high performance machinery drives mean the TSX system can provide precise control of web delivery to achieve the required batt profile.

Retrofitting a TSX to an existing crosslapper will bring considerable savings. The TSX is very energy efficient, before a recent installation the crosslapper used 60 A peak which was cut to 15 A afterwards. With fibre costs increasing it is essential to control the product thickness to minimise fibre waste.

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Santex extends textile finishing niche in Asia

With three months ahead, worldwide exhibitors are preparing actively for their participation at ShanghaiTex 2011 which will be held on June 14-17, 2011. China is viewed as one of the fastest economic growth regions in the world. The market has huge domestic demand for textile and clothes. Exhibitors take advantage of Shanghaitex’s geographical location and its long history in China to expand their market shares, pitch new buyers and maintain customer relationship.

While the Knitting Machinery and Hosiery Machinery zone is always in the spotlight at ShanghaiTex, Printing Machinery, Dyeing Machinery and Finishing Machinery will be another most popular product category this year, with Swiss manufacturer Santex being a key exhibitor on top of Benninger, also from Switzerland.

Santex has planned to extend its production projects in Asia with improved technology know-how in textile finishing. Meanwhile, the company has invested into new coating technology after seeing a growing demand for such system.

ATA Journal visited Santex’s headquarters in Switzerland and spoke to the company’s CEO, Antonio Staffoni. Mr Staffoni said, “We have a two-legged development model. China is located at the heart of Asian market, while in Europe we produce a lot of highly customized machines. Here in Switzerland, we focus on production and design of machines for technical textiles, composites, and textile finishing. We have a plan to improve the production in China for Asia market by strengthening the technology know-how in our factories.”

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‘Imports of textile machinery should be zero-rated’ – Mr Balwani

“We demand a complete roll-back on the 17 percent sales tax imposed on import of textile machinery, equipments and spares”, said, Mr Javed Balwani, Chief Coordinator - Pakistan Hosiery Manufacturers Association and Convener - Council of All Pakistan Textile Association (CAPTA).

Mr Balwani was reacting to the imposition of 17 percent sales tax by the Pakistani government on imports of textile machinery, spares and equipment.

In a recent notification, the government restricted zero-rating sales tax measure on five export sectors; textile, leather, surgical, sports and carpets to only registered manufacturer-exporters or only exporters.

He was of the opinion that imports of machinery should be zero-rated as was done earlier, with the main benefit being that, cost of doing business falls.

Original Source: ‘Imports of textile machinery should be zero-rated’ – Mr Balwani @ Fibre2fashion

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