Images magazine Digital Edition April 2018

INDUSTRY NEWS www.images-magazine.com 06 images APRIL 2018 Textile decoration and promotion fair TV TecStyle Visions showed its increasing influence in the European market as the percentage share of visitors who came from outside Germany rose from 15% to 20%. The majority of the overseas visitors were from the UK, Austria, Switzerland, The Netherlands and Belgium. The show, part of the Expo 4.0 Trade Fair held at Stuttgart in February 2018, celebrated its 10th instalment with the number of exhibitors increasing from 256 in 2016 to 270. “With the expansion of the textile segment and the participation of almost all renowned international textile manufacturers, TV TecStyle Visions 2018 cemented its position as leading international trade fair for textile decoration and promotion,” said the organisers. “In terms of the visitors’ main areas of interest, in 2018, transfer printing (49%), embroidery (48%), and textiles and printing substrates (42%) were in the lead, followed by textile silk- screen printing and digital textile printing (40% and 38% respectively).” The next Expo 4.0 will take place on 30 January to 1 February 2020 in Stuttgart, Germany. www.expo-4-0.com Balmoral Knitwear has announced that it is going into provisional liquidation and is closing its manufacturing operation in Ayrshire, Scotland, with the loss of 43 jobs. Paul Dounis and Steven Ross of RSM Restructuring Advisory LLP have been appointed as provisional liquidators. They have cited increased competition from low cost garments manufactured offshore, the rising costs of materials and devaluation of the pound as the reasons for the 123-year-old company’s closure. In a statement, RSM said: “Despite concerted efforts to find a buyer or investor to rescue the business, the management were left with no alternative than to place the company into provisional liquidation. It is with profound regret that employees of this historic business have been made redundant with immediate effect… The Balmoral name is well known in the sector and we would ask any parties with an interest in acquiring the business to get in touch with us as soon as possible.” All creditors will be formally written to in due course. Mike Carden and Ian Pollard of Rannerdale have looked after Balmoral’s sales of schoolwear, corporatewear, retail, promotional and sportswear for many years and are not directly affected by the liquidation and closure of the factory in Ayrshire. In a statement, Mike Carden said, “We are now well underway with setting up alternative arrangements for our customers. We have arranged that many of the same stock styles made by Balmoral Knitwear will in future be available from Charles Kirk & Company. These would be the same yarns and the same shades. “We have also been responsible for supplying through Balmoral a huge number of bespoke styles of knitwear for schoolwear, corporatewear, promotions, cricket and retail. We therefore also have plans in place for the bespoke styles, and will be in contact with each of our customers with a view to a seamless transfer, if that can be done. “We would very much like to thank everyone who has contacted us so far with their best wishes.” Charles Kirk & Company stated: “Charles Kirk was sorry to hear of the provisional liquidation of a fellow supplier in the school knitwear and corporate workwear markets and hope all the staff will soon find alternative employment. Whilst economic conditions are not easy at the moment with increases in input prices due to volatile exchange markets, Charles Kirk is experienced in both the schoolwear and corporatewear markets and can offer a similar bespoke service, as previously offered by Balmoral Knitwear. “Mike Carden and Ian Pollard, directors of Rannerdale, have a thorough knowledge of the schoolwear and corporatewear markets and we are delighted that they will be helping our customers both old and new through a difficult period.” www.balmoralknitwear.co.uk www.rannerdale.co.uk www.charleskirk.co.uk www.rsmuk.com There were 270 exhibitors at TV TecStyle Visions 2018 Result introduces 2-in-1Work-Guard and Safe-Guard brochure Clothing supplier Result has released its new 2-in-1 Work-Guard and Safe-Guard brochure. The mini catalogue includes its full range of workwear and safetywear garments in a compact, A5-size guide. The brochure showcases the Work-Guard range, including the full footwear range, in one half of the brochure, while the other half, when flipped upside down, shows Result's full Safe-Guard range. The brochure is available to download online at: http://bit.ly/2HNk6bb. www.workguardworkwear.com TV TecStyle Visions increases its international appeal Balmoral Knitwear goes into liquidation