#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.

German textile industry and retailers form alliance to shape textile EPR system

Germany’s textile and fashion industry and retail sector have joined forces to establish the “Alliance for Textile Circularity” (Allianz für textile Kreisläufe). Initiated by the German Textile and Fashion Industry Association (Gesamtverband textil+mode) and the German Retail Federation (HDE), the alliance aims to contribute industry expertise to the development of Germany’s future Extended Producer Responsibility (EPR) system for textiles and footwear.

Cascale launches member-led process to shape 2030 strategy

Cascale has launched a member-led process to define the industry alliance’s strategic direction for the next decade. At the Cascale Annual Meeting 2026 in Athens, CEO Ying McGuire announced that members will contribute to an industry system map that will inform Cascale’s 10-year vision, its 2030 strategy and priorities for 2027. The new strategy is scheduled to be finalized in December.

Intertextile Apparel concludes with strong global engagement and future-focused sourcing momentum

Textile innovation in the form of widely applicable, scalable solutions was on show as Intertextile Shanghai Apparel Fabrics – Autumn Edition 2026 concluded on 27 August. The show brought together over 3,500 exhibitors from 30 countries and regions across 240,000 sqm at the National Exhibition and Convention Center (Shanghai), and welcomed over 100,000 visitors. Across three days, the fair served as a platform for sourcing, product discovery and industry exchange, reflecting demand for materials and solutions that balance creativity, functionality, responsibility and efficiency.