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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