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Global Technical Textiles Business Update, January 2025

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    Report

  • 27 Pages
  • January 2025
  • Region: Global
  • Textiles Intelligence Ltd.
  • ID: 6051074
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.

Who should buy this report?

  • Manufacturers of fibres, textiles, clothing and chemicals
  • Textile and clothing machinery manufacturers - spinning, weaving, knitting, sewing and import/export
  • Textile and clothing brands and retailers like Adidas, H&M etc.
  • Educational institutions like universities, fashion schools etc.
  • Business consultancy firms
  • Textile and clothing trade associations
  • Government trade bodies

Table of Contents

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