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Performance apparel markets: business update, March 2023

Publisher Textiles Intelligence
Published Mar 01, 2023
Length 20 Pages
SKU # TXI17938459

Description

Performance apparel markets: business update, March 2023



This report provides information, analysis and valuable insight into developments relating to the performance apparel industry in the following categories: acquisitions, divestments and mergers; circularity; investments; joint ventures, cooperation, licensing and distribution; new facilities; and new stores. Brands, companies and other organisations featured in this report include: Ascend Performance Materials; Circular Polymers; Circularise; Directa Plus; Green Theme Technologies (GTT); Horizon Europe; Invista; Miguel Caballero; Modern Meadow; Nishat Mills; Puma; Singtex; and Wernerfelt.

Table of Contents

20 Pages
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Ascend Performance Materials (Ascend) has acquired a majority stake in Circular Polymers in order to secure a constant supply of recycled nylon materials
Nishat Mills is to acquire performance fabric producer Wernerfelt
CIRCULARITY
Horizon Europe has invested funding in the T-REX (Textile Recycling EXcellence) Project, which aims to establish a closed-loop process for recycling household textile waste
Horizon Europe is funding a project called CISUTAC which aims to support the European textile and apparel industries in transitioning to a circular economy
INVESTMENTS
Environmentally sustainable textile finishes developer Green Theme Technologies (GTT) has secured US$5.4 mn worth of investment to ramp up production of its EMPEL durable water repellent (DWR) finishing technology
Software provider Circularise has secured Euro11 mn worth of investment in order to help industrial supply chains adopt principles of a circular economy
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
Directa Plus has entered into a partnership agreement with Miguel Caballero relating to the supply of its graphene-based thermoregulation technology
Modern Meadow and Singtex have signed a partnership agreement relating to the development of new and innovative bio-based materials across a range of applications
NEW FACILITIES
Invista has announced the construction of a nylon 6.6 production facility in Camden, North Carolina, USA
NEW STORES
Puma has opened a physical retail store in Argentina which is said to be the largest of its kind in Latin America

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