Global Technical Textiles Business Report, Q2 2023 Edition - Acquisitions, Divestments And Mergers, Business News, Investments, & Joint Ventures


Dublin, May 26, 2023 (GLOBE NEWSWIRE) -- The "Global Technical Textiles Business Update, Q2 2023" report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com's offering.

This report provides a round-up of the latest developments in the global technical textiles sector.

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

The report contains news relating to the following innovative companies and other organisations:

  • 3M
  • Autoneum
  • BekaertDeslee
  • Borgers Group
  • Carbon Revolution
  • Continuum
  • Fairmat
  • Fibre Extrusion Technology (FET)
  • Fraunhofer-Institut fur Techno- und Wirtschaftsmathematik (ITWM--Fraunhofer Institute for Industrial Mathematics)
  • HeiQ
  • Hollingsworth & Vose
  • Lenzing Group
  • North Carolina State University (NCSU)
  • Oerlikon Nonwoven
  • RecyOuest
  • Renewcell
  • Stora Enso
  • Suominen
  • Trillium Renewable Chemicals
  • Trutzschler Card Clothing (TCC)
  • Under Armour
  • The US Department of Energy's (DOEs) Argonne National Laboratory (ANL)
  • Voodin Blade Technology

Key Topics Covered:

SUMMARY

ACQUISITIONS, DIVESTMENTS AND MERGERS

  • Autoneum has acquired the automotive business of Borgers Group
  • Carbon Revolution has signed a merger agreement with Twin Ridge Capital Acquisition

BUSINESS NEWS

  • Digital simulations are being used by Fraunhofer ITWM to optimise the melt blowing process for making infection control nonwovens
  • Fibre Extrusion Technology (FET) has reported record sales for 2022
  • New technologies for producing meltblown and spunbonded filter media were highlighted by equipment maker Oerlikon Nonwoven at Filtech in February 2023
  • Suominen is planning to close its nonwovens plant in Italy

INVESTMENTS

  • Continuum is to build six industrial-scale factories to recycle composite wind turbine blades
  • Fairmat has opened a plant for recycling carbon fibre and has secured Euro34 mn in funding
  • Funding for a demonstration plant for producing bio-based acrylonitrile has been secured by Trillium Renewable Chemicals
  • Hollingsworth & Vose (H&V) is to invest US$40.2 mn in expanding its facility in the USA
  • RecyOuest has successfully started up a line supplied by Andritz for recycling materials derived from agricultural plastic waste nets
  • Trutzschler Card Clothing (TCC) is investing in the expansion of its facilities

JOINT VENTURES

  • Dissolving pulp sourced from textile waste is to be supplied by Renewcell to Lenzing Group for producing cellulosic fibres
  • HeiQ and BekaertDeslee have signed a licence agreement for the use of a finish which combats allergens in mattress ticking
  • Methods which reduce the amount of energy required for producing meltblown nonwovens are being developed using simulations and artificial intelligence (AI) by the US Department of Energy (DOE) and 3M
  • Stora Enso and Voodin Blade Technology have signed a partnership agreement to develop wind turbine blades made from wood
  • Under Armour and North Carolina State University (NCSU) have formed a research partnership

For more information about this report visit https://www.researchandmarkets.com/r/chvx00

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