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.
- 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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