2015 Nonwovens Sales: $347 million
Val Hollingsworth, president and CEO; David von Loesecke, vice president business development; Mike Clark, president, high efficiency and specialty filtration; Mitch Bregman, president, energy and industrial specialties; Josh Ayer, president, engine and industrial filtration; Jochem Hofstetter, vice president and managing director, Europe, Middle East and Africa; John Zhang, vice president and managing director, Asia-Pacific; John Madej, vice president and CFO; Ken Fausnacht, vice president, global operations; John Fitzgerald, vice president and CTO; Susan Ward, vice president, human resources
Apizaco, Mexico; Corvallis, OR; East Walpole, MA; Easton, NY; Floyd, VA; Greenwich, NY; Hatzfeld, Germany; Hawkinsville, GA; Kentmere, U.K.; Mysuru, India; Suzhou, China; West Groton, MA; Winchcombe, U.K.
Wetlaid, meltblown, carded thermal bonded (point and flat calendered), latex bonded, through-air bonded, needlepunched, thermal lamination, aqueous and solvent-based saturation, nanofiber-webs, composites, webs incorporating functional particles
Investment and acquisition were credited for the modest growth achieved by Hollingsworth & Vose. The Walpole, MA-based company acquired Raman FibreScience in Mysore, India, and started up new lines in Floyd, VA and Hatzfeld, Germany, activities that led to 3.9% growth to $347 million.
The new lines support successful market growth of H&V’s high performance media brands, NanoWave and Technostat, both of which address higher global standards for energy efficiency and indoor air quality.
NanoWave is an extended surface area, multilayer filtration media for HVAC applications. Using nano and coarse fiber layers, NanoWave delivers 2.4 times the surface area of normal flat sheet media. The waved nanofiber layer allows for maximum mechanical efficiency with very low resistance while more than doubling dust-holding capacity compared to standard synthetic media.
Technostat is an electrostatically charged air filer media which offers high efficiency and dust-holding capacity, low airflow resistance and effective shelf life and has been used in higher performance areas like respirators, vehicle cabins, HVAC systems and vacuum cleaners.
“Both products offer superior filtration performance and energy efficiency for improved air quality at less cost to the end user,” says Mike Clark, division president of H&V’s High Efficiency and Specialty Filtration business unit. “NanoWave is the highest performing pocket filter media in the market and the only synthetic material to achieve an A+ energy rating. Due to its leading performance, H&V’s Technostat is the electrostatic filter media of choice for applications such as HVAC, cabin air, respirators, vacuum cleaners and room air cleaners.”
H&V expanded production capacity for both in the second half of 2015. Floyd, VA is the home for the new Technostat line and Hatzfeld, Germany is the home for the new NanoWave line. Both investments provide the latest technology advances in the two brands such as Technostat Plus.
“On the liquid side, our high performance fuel filtration media performs to the high standards of more sophisticated engine fuel injection systems, which is particularly important in developing regions where fuel quality is poor,” says Josh Ayers, president of Engine and Industrial Filtration. “Increased awareness in both developed and developing economies about the health hazards of poor quality air is driving government legislation to reduce engine emissions and increase fuel efficiency.”
For H&V, all developing markets are of interest, whether they are served with local manufacturing capability or imports. The company’s intent is to create an active presence to ensure global customers are equally well served at all their locations and that local customers in these regions have good access to H&V resources.
In India, H&V acquired Mysore-based Raman FibreScience (RFS), in late 2014. Raman FibreScience is a technology and innovation-driven company specializing in advanced materials for filtration media and battery separator applications. At the time of the acquisition, which began contributing to sales growth last year, executives said the acquisition would improve its local operating presence in India, a market in which H&V had already been active with imported products.
In other investment news, H&V’s new Absorbed Glass Mat (AGM) battery separator line in East Walpole is under construction and will begin commercial production in 2017 with capacity to serve the industry for many years to come. Sales in this segment continue to grow thanks to the development of products that address the need for increased battery performance. Mitch Bregman, division president of H&V’s battery business unit comments, “This industry is capital intensive. With the long lead times for equipment installation and customer qualification it is important that we stay ahead of industry demand.”
Executives say that investment is the backbone of innovation and the means to address the increasingly more sophisticated demands of the filtration market. Thanks to H&V’s unique portfolio of technology platforms and recent innovations like NanoWave and Technostat Plus, the company is well-positioned to provide nonwovens solutions for the toughest challenges in the filtration and battery industries.