The Italian group, which is home to a mix of upscale and contemporary brands, will soon be renamed Orbital Design Collective to reflect a more democratic ethos and to facilitate future acquisitions.
Bauwerk Group AG: Succession planning for CEO Klaus Brammertz
Bauwerk Group AG / Key word(s): Personnel
11-May-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Press release
The longtime CEO
of Bauwerk Group,
Klaus Brammertz, will hand over his responsibilities to Patrick Hardy at the end of 2021 and take up his seat in the Board of Directors of Bauwerk Group.
St. Margrethen, May 11, 2021 - The succession plan, which has been prepared long-term in consultation with the Board of Directors, provides Klaus Brammertz responsibilities to be handed over to his successor at the end of this year. Simultaneously with the handover, he will take up his seat in the highest organ of the Bauwerk Group as a member of the board of directors, thus continuing to make his knowledge and rich experience available to the Group.
April 15, 2021
Despite a difficult business climate created by the pandemic, spinning technology companies continue to innovate.
TW Special Report
Spinning operations still thrive in the United States, in part, because the process lends itself well to automation therefore making competition from low-cost labor markets less of an issue compared to some other more labor-intensive steps in the textile processing chain
TW, this issue).
According to the new “Spinning Machines – Global Market Trajectory & Analytics” report from Dublin-based market research company Research and Markets, for the 2020-2027 period, the global market for spinning machines is predicted to grow from $5 billion to $7.3 billion at a 5.5 percent compound annual growth rate. In the United States, the value of the spinning machine market in 2020 is estimated at $1.4 billion.