Performance apparel markets: business update, December 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; branding; capacity reductions; corporate strategy; events; investments; joint ventures, cooperation, licensing and distribution; and legislation. Brands, companies and other organisations featured in this report include: Avery Dennison, BASF Venture Capital (BVC), DePoly, Gentex Corporation, the International Textile Manufacturers Federation (ITMF), Invista, Newtex Industries, Spinnova, Tallayne, Texaid, Textile-Based Delivery (TexDel), The Microfibre Consortium (TMC), and the Zero Discharge of Hazardous Chemicals (ZDHC) Foundation.
- SUMMARY
- ACQUISITIONS, DIVESTMENTS AND MERGERS
- Newtex Industries has acquired the Industrial Textile Division of Gentex Corporation
- Tallayne has purchased the Nufabrx infusion technologies developed by Textile-Based
- Delivery (TexDel)
- CAPACITY REDUCTIONS
- Invista is to close a plant for producing nylon (polyamide) 6.6 precursors in Orange, Texas, USA
- CORPORATE STRATEGY
- Spinnova has announced plans to review its existing corporate strategy in order to generate positive cash flows
- EVENTS
- The winners of the 2023 ITMF Sustainability & Innovation Awards were announced in China at the 2023 edition of the annual ITMF conference
- INVESTMENTS
- BASF Venture Capital (BVC) has invested in a polyester recycling company called DePoly
- JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
- Avery Dennison and Texaid are to collaborate in tackling the challenges of textile recycling
- The Microfibre Consortium (TMC) and the Zero Discharge of Hazardous Chemicals (ZDHC)
- Foundation have published a guidance document designed to help tackle microfibre shedding in the textile industry
- LEGISLATION
- The European Commission has proposed the introduction of mandatory extended producer responsibility (EPR) schemes for textiles in the EU
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