This report provides a round-up of the latest developments in the global technical textiles sector, including: acquisitions, divestments and mergers; business news; events; investments; and joint ventures. The report contains news relating to a number of innovative companies, other organisations, and events, including: Airtech Advanced Materials Group; Autoneum; Barmag; BASF; Beaulieu Technical Textiles; B.I.G. Yarns; Chengdu FAW-Sihuan Automobile Interior Parts; Circ; Cosmotec Nonwovens; Dornbirn Global Fiber Congress; EDANA; Freudenberg Performance Materials; Global Nonwoven Alliance (GNA); HeiQ Materials; HX Innovation; INDA; IPCO; MehlerHeytex; New Era Converting Machinery; Nonwovenn; OC Oerlikon; Owens Corning; Praana Group; RCP; ReforceTech; Rieter; Rock Fiber Inc (RFI); Swiss Textile Machinery Association; Syensqo; Vartega; and Xefco.
- ACQUISITIONS, DIVESTMENTS AND MERGERS
- Airtech Advanced Materials Group has acquired Cosmotec Nonwovens
- Autoneum is to acquire Chinese company Chengdu FAW-Sihuan Automobile Interior Parts
- Beaulieu Technical Textiles has been sold to private equity firm RCP
- HeiQ Materials, a producer of textile finishes and auxiliaries, has divested its shareholding in the
- joint venture company HX Innovation to Xefco
- IPCO has acquired New Era Converting Machinery
- Mehler Texnologies has been merged with the core business of Heytex to form the MehlerHeytex
- brand, following the acquisition of the two companies by Freudenberg Performance Materials
- OC Oerlikon is to divest its Barmag polymer processing solutions division to Rieter
- Owens Corning is to sell its glass fibre reinforcements business to Praana Group
- BUSINESS NEWS
- EDANA has raised concerns over the possibility of European countermeasures in response to US import tariffs
- INDA and EDANA plan to establish the Global Nonwoven Alliance
- INDA has called on the US government to permanently exclude US import tariffs on products which fall under the United States-Mexico-Canada Agreement (USMCA)
- The Swiss Textile Machinery Association has appointed a new president and an additional board member
- EVENTS
- The 64th edition of the Dornbirn Global Fiber Congress will focus on workwear, protective textiles
- and defence, carbon stewardship, and fibre innovations
- INVESTMENTS
- BASF has opened a plant for producing recycled polyamide 6 in China
- B.I.G. Yarns has invested in the production of three-ply yarns in Europe
- Circ is to invest Euro450 mn in building a plant for recycling polyester-cotton textiles in France
- Nonwovenn is to invest £1.5 mn in its ProTech division
- Nonwovenn has announced a new round of investment in order to target the market for oral pouches
- JOINT VENTURES
- Rock Fiber Inc (RFI) and ReforceTech have formed a joint venture to drive the use of basalt fibre reinforced composites in the construction industry
- Vartega and Syensqo have entered into an agreement to recycle carbon fibre
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