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Global Technical Textiles Business Update, January 2025

Publisher Textiles Intelligence
Published Jan 01, 2025
Length 27 Pages
SKU # TXI19567243

Description

This report provides a round-up of the latest developments in the global technical textiles sector, including: acquisitions, divestments and mergers; awards and recognition; corporate strategy; environmental, social and governance (ESG); intellectual property (IP); investments; and joint ventures, strategic alliances, cooperation, licensing and distribution. The report contains news relating to a number of innovative companies and other organisations, including: Archroma; Autoneum; Baldwin Technology; DuPont; EDANA; Fairystone Fabrics; Freudenberg Performance Materials; GALY; HeiQ; Heytex Group; Honeywell; Ibrahim Fibres; INDA (the Association of the Nonwoven Fabrics Industry); International Paper; Jiangsu Huanyu Group; Lenzing Group (Lenzing); Milliken & Company; Monforts; Mullen Testers; Myant; Nanoleq; Nonwovenn; Osmotex; PTT Global Chemical; SDL Atlas; Sealy of Australia; Shawmut; Tidal Vision; Toray Industries; TreeToTextile; Trützschler Group; and XFS Global.

Table of Contents

27 Pages
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Autoneum is to acquire a 70% share of Jiangsu Huanyu Group
Honeywell is planning to spin off its Advanced Materials business and is reported to be exploring the sale of its personal protective equipment (PPE) unit
Lenzing Group (Lenzing) is set to acquire a minority share in cellulosic fibre company TreeToTextile
SDL Atlas has acquired Mullen Testers
Smart textiles producer Myant has acquired two textile technologies specialists in Switzerland as part of plans to strengthen its position in the health care market
Nanoleq
Osmotex
Technical textiles manufacturer Shawmut has acquired warp knitting specialist Fairystone Fabrics
Technical textiles producer Freudenberg Performance Materials is to purchase significant parts of technical textiles manufacturer Heytex Group
XFS Global has purchased Heytex USA from Heytex Group
AWARDS AND RECOGNITION
INDA has announced the winner of the 2024 Hygienix Innovation Award
CORPORATE STRATEGY
HeiQ has delisted from the London Stock Exchange as part of a broader corporate strategy
International Paper is to review its Global Cellulose Fibers business and has closed a mill
Technical fabrics manufacturer Nonwovenn is planning to double its turnover by 2028
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG)
Researchers in the UK have shown that bio-based fibres could pose a greater threat to the environment than conventional plastics
INTELLECTUAL PROPERTY (IP)
DuPont has filed a complaint with the International Trade Commission against a number of Chinese companies
INVESTMENTS
GALY has secured US$33 mn worth of investment to commercialise its lab-grown cotton product
Ibrahim Fibres has bought 18 carding machines from Trützschler Group
Sealy of Australia has invested in a recycling line for converting textile waste into raw materials for use in the manufacture of mattresses
JOINT VENTURES, STRATEGIC ALLIANCES, COOPERATION, LICENSING AND DISTRIBUTION
Dyes and finishes supplier Archroma, finishing specialist Baldwin Technology and machinery manufacturer Monforts have formed an alliance to develop finishing technologies which are more environmentally sustainable
INDA and EDANA have signed a letter of intent to explore a strategic alliance
Materials science company Milliken & Company has entered into a strategic partnership agreement with biomolecular technologies company Tidal Vision
Toray Industries and PTT Global Chemical plan to explore routes for the commercial production of biomass-based polyamide

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