#Nonwovens / Technical Textiles

2023-09-14

Board of Directors of Autoneum Holding Ltd decides terms of capital increase

Autoneum announces the terms and conditions of its planned capital increase to partially refinance the acquisition of Borgers Automotive completed on April 1, 2023. Artemis Beteiligungen I AG and PCS Holding AG, Autoneum’s two largest shareholders, have agreed to subscribe for new shares in the rights offering in proportion to their existing shareholdings.

The Board of Directors of Autoneum Holding Ltd decided on September 13, 2023 to issue up to 1’168’090 new, fully paid-in registered shares of Autoneum Holding Ltd with a nominal value of CHF 0.05 each (the “Offered Shares”) from the capital band approved by the shareholders on the occasion of the Annual General Meeting of March 23, 2023. The Offer Price has been set at CHF 90.75 per Offered Share (the “Offer Price”), corresponding to expected net proceeds of approximately CHF 100 million if all Offered Shares are subscribed.

Eligible shareholders will be allocated one subscription right for each registered share held after the close of trading on September 18, 2023 (the “Rights”). The exercise of 4 Rights entitles its holder to acquire one Offered Share against payment of the Offer Price.

The subscription period (“the Rights Exercise Period”), during which existing shareholders may exercise the rights allocated to them in accordance with the provisions described in the prospectus, begins on September 19, 2023 and ends on September 27, 2023, 12:00 noon CEST. The Rights may be traded on the SIX Swiss Exchange from September 19, 2023 until September 25, 2023. Rights that are not validly exercised during the Rights Exercise Period will expire without compensation. Autoneum reserves the right to offer for sale or otherwise place in the market the Offered Shares for which no valid exercise has occurred during the Rights Exercise Period at a placement price not lower than the Offer Price. The final number of Offered Shares for which Rights have been validly exercised will be announced on or about September 27, 2023, after the close of trading on the SIX Swiss Exchange.

The final number of Offered Shares for which no valid exercise occurred during the Rights Exercise Period but which could be placed in the market will be announced on or about September 28, 2023, before the start of trading on the SIX Swiss Exchange. The first trading day of the newly issued Offered Shares is expected to be September 29, 2023. Delivery of the Offered Shares against payment of the Offer Price or the placement price, as the case may be, is scheduled for October 2, 2023.

The Offered Shares will rank pari passu with the existing registered shares. Upon completion of the transaction, up to 5’840’453 fully paid registered shares with a nominal value of CHF 0.05 each will be in issue.

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

ANDRITZ sets focus on textile recycling and durable nonwoven production technologies at ITMA Asia 2025

International technology Group ANDRITZ will be presenting its innovative nonwovens production and textile solutions at ITMA ASIA + CITME 2025 in Singapore, from October 28 to 31, 2025 (Hall 2, D106). ANDRITZ will showcase its MMCF production plants, textile sorting and recycling, bast fiber processing, needlepunch, airlay, and life-cycle service technologies, with a focus on sustainable solutions. Discover how these innovations can grow your business opportunities and support a greener future.

OUTLOOK™ 2025: Charting a sustainable and innovative future for the Nonwovens Industry

EDANA concluded its flagship event, OUTLOOK™ 2025, last week, marking it as a major success and addressing the biggest questions facing the industry. The three-day conference highlighted the urgent need for a unified approach to sustainability, regulation, and innovation in the absorbent hygiene and wipes sectors.

Global Nonwovens Alliance unveils Inaugural Board, advancing collaboration and growth worldwide

The Global Nonwovens Alliance (GNA), a tax-exempt federation jointly founded by INDA, the Association of the Nonwoven Fabrics Industry, and EDANA, the Voice of Nonwovens, announces the appointment of its founding Board of Directors. This group of leaders represents some of the most influential executives across the nonwovens value chain and reflects GNA’s mission to foster global collaboration, innovation, and growth in the industry.

New spinning package with two-step filtration for recycled yarns and more

At the ITM in Istanbul, BB Engineering unveiled its new, patented ValuePack spinning package for the first time, which features a two-stage filtration system. This is particularly beneficial for re-cycling processes. Until now, spinning packs have used either metal powder (“sand”) or filter candles as filter media. Both options are suitable for differ-ent applications, and each has its own specific advantages and dis-advantages.

ITMA 2027 gains strong momentum

In line with the theme "Co-creating the future of textiles", ITMA continues to strengthen its support for start-ups, recognising their role in driving innovation and shaping the future of textile and garment manufacturing. Through the Start-Up Valley, emerging companies gain access to a global marketplace where they can connect with industry leaders, potential partners, investors and customers.

Mongolia: Workshop on Italian textile technologies kicks off in Ulaanbaatar

The workshop dedicated to Italian textile technologies will kick off in Ulaanbaatar from 21 to 23 June 2026. Focused on the most advanced innovative solutions for the textile industry, the initiative will bring together 13 Italian textile machinery manufacturers, confirming the growing interest in strengthening industrial cooperation between the two countries and highlighting Mongolia’s strategic importance for Italian textile machinery producers.