Global technical textiles business update, October 2023
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 the following innovative companies and other organisations: 3M, Andritz, Avery Dennison, BASF Venture Capital (BVC), Batene, CETI, Dan-Web Machinery, Darling Fibers, DePoly, EDANA, Freudenberg Performance Materials, Gentex Corporation, Hangzhou Nbond Nonwovens, HeiQ, INDA, ITMA Asia + CITME, Lenzing Group, Lotus Teknik Tekstil, MAS Holdings, Newtex Industries, Perlon, Shaun Filaments, Solvay, Tallayne, Texaid, TexDel, and Woodspin.
- SUMMARY
- ACQUISITIONS, DIVESTMENTS AND MERGERS
- Andritz is to buy air-laid technologies supplier Dan-Web Machinery
- MAS Holdings has acquired a stake in HeiQ AeoniQ
- Newtex Industries has acquired the Industrial Textile Division of Gentex Corporation
- Synthetic filaments manufacturer Perlon has acquired Shaun Filaments
- Tallayne has purchased the Nufabrx infusion technologies developed by Textile-Based
- Delivery (TexDel)
- BUSINESS NEWS
- 3M will pay to settle claims of water pollution caused by per- and polyfluoroalkyl substances (PFASs)
- A sustainable textiles and packaging materials hub has been established by Darling Fibers in South Carolina, USA
- Batene has secured further funding for the commercialisation of metal fleece-based current collectors which could increase the energy densities and charging speeds of lithium-ion (Li-ion) batteries
- Chemicals company Solvay has announced new business names as its plans for separation progress
- Manufacturers of textile machinery could be threatened by a planned EU ban on per- and polyfluoroalkyl substances (PFASs)
- EVENTS
- ITMA Asia + CITME 2025 is to be held in Singapore during October 28-31, 2025
- INVESTMENTS
- A line for producing three-dimensional (3D) entangled polymer filament mats has been started up in China by Freudenberg Performance Materials
- Andritz has installed a pilot hydroentanglement line in France
- BASF Venture Capital (BVC) has invested in a polyester recycling company called DePoly
- CETI has installed a melt spinning line supplied by Fibre Extrusion Technology (FET)
- Lotus Teknik Tekstil is to invest in digital data analysis tools for its new Andritz nonwovens line
- Woodspin has opened its first facility for producing recyclable and biodegradable fibre from sustainably grown wood
- JOINT VENTURES
- Avery Dennison and Texaid are to collaborate in tackling the challenges of textile recycling
- EDANA has formed a joint programme with INDA to extend the reach of EDANA’s Quality and Audit Programme for the hygiene products industry to the USA
- Lenzing Group has announced the signing of a strategic partnership agreement with Hangzhou Nbond Nonwovens to accelerate the development of flushable nonwoven products
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