Global technical textiles business update, February 2020
This report provides a round-up of recent corporate developments in the global technical textiles sector, including: acquisitions, divestments and mergers; business news; investments; and joint ventures. The report contains news relating to the following innovative companies and other organisations: 4M Carbon Fiber, Adidas, Ahlstrom-Munksj?, Asahi Kasei, Austrian Fibers Institute (AFI), BMW Group, Carbon Conversions, Carbon Revolution, Coats, Continental Structural Plastics (CSP), Dell, DuPont Biomaterials, Fibre Extrusion Technology (FET), Fitesa, Freudenberg Group, Henkel, Honeywell, Hyundai Motor Company (Hyundai), Johnson & Johnson, Lenzing Group (Lenzing), Mannington Mills, Montefibre Carbon, Pharr, Pharr Fibers & Yarns, Pharr High Performance (Pharr HP), Phenix Flooring, Plastic Omnium, SGL Carbon, Terrafilum, the University of Sheffield, Vitrulan Composites and XG Sciences.
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Fibre-based products manufacturer Ahlstrom-Munksj? is to divest its glass fibre reinforcement business to Vitrulan Composites
Freudenberg Group has acquired the activities of start-up company Frictins
Freudenberg Group has divested its South American hygiene nonwovens business to Fitesa
Industrial thread company Coats has agreed to acquire high performance engineered yarns maker Pharr High Performance (Pharr HP)
Textile products manufacturer Pharr is to sell its flooring divisions to Mannington Mills
BUSINESS NEWS
Adidas is to close its Speedfactories in Germany and the USA
Austrian Fibers Institute has announced plans for its first satellite event to be held in Asia
Continental Structural Plastics (CSP) is investing US$70 mn in the construction of a new manufacturing facility in Seguin, Texas, USA
Fibre Extrusion Technology (FET) has won a grant from Innovate UK for a research and development project relating to hollow filaments
Johnson & Johnson will settle multiple lawsuits alleging deceptive marketing of surgical mesh devices
Plastic Omnium has won a significant order for the development of carbon fibre reinforced plastic (CFRP) hydrogen storage tanks for use in buses
The University of Sheffield has opened a new Advanced Manufacturing Research Centre (AMRC) in Wales, UK
INVESTMENTS
Automotive materials and components supplier Asahi Kasei has opened a North American office
BMW Group has invested Euro400 mn in its plant in Dingolfing, Germany, in preparation for the production of the iNEXT electric vehicle
Honeywell is to increase its capacity for producing Spectra ultra-high molecular weight polyethylene (UHMWPE) fibre
JOINT VENTURES
4M Carbon Fiber and Montefibre Carbon will enter into a partnership to produce the world’s cheapest industrial-grade carbon fibre
DuPont Biomaterials and Lenzing Group (Lenzing) have collaborated in the development of an environmentally sustainable fabric collection
Graphene nanoplatelet manufacturer XG Sciences and additive manufacturing (AM) filaments producer Terrafilum will jointly develop, produce and sell filaments and coatings enhanced with graphene-based materials
Henkel and Carbon Revolution have reached a strategic material supply agreement
Recycled carbon fibre specialist Carbon Conversions is working with Dell to create carbon fibre reinforced plastic (CFRP) covers for laptop computers
SGL Carbon and Hyundai Motor Company (Hyundai) will extend a supply agreement relating to fuel cell components
ACQUISITIONS, DIVESTMENTS AND MERGERS
Fibre-based products manufacturer Ahlstrom-Munksj? is to divest its glass fibre reinforcement business to Vitrulan Composites
Freudenberg Group has acquired the activities of start-up company Frictins
Freudenberg Group has divested its South American hygiene nonwovens business to Fitesa
Industrial thread company Coats has agreed to acquire high performance engineered yarns maker Pharr High Performance (Pharr HP)
Textile products manufacturer Pharr is to sell its flooring divisions to Mannington Mills
BUSINESS NEWS
Adidas is to close its Speedfactories in Germany and the USA
Austrian Fibers Institute has announced plans for its first satellite event to be held in Asia
Continental Structural Plastics (CSP) is investing US$70 mn in the construction of a new manufacturing facility in Seguin, Texas, USA
Fibre Extrusion Technology (FET) has won a grant from Innovate UK for a research and development project relating to hollow filaments
Johnson & Johnson will settle multiple lawsuits alleging deceptive marketing of surgical mesh devices
Plastic Omnium has won a significant order for the development of carbon fibre reinforced plastic (CFRP) hydrogen storage tanks for use in buses
The University of Sheffield has opened a new Advanced Manufacturing Research Centre (AMRC) in Wales, UK
INVESTMENTS
Automotive materials and components supplier Asahi Kasei has opened a North American office
BMW Group has invested Euro400 mn in its plant in Dingolfing, Germany, in preparation for the production of the iNEXT electric vehicle
Honeywell is to increase its capacity for producing Spectra ultra-high molecular weight polyethylene (UHMWPE) fibre
JOINT VENTURES
4M Carbon Fiber and Montefibre Carbon will enter into a partnership to produce the world’s cheapest industrial-grade carbon fibre
DuPont Biomaterials and Lenzing Group (Lenzing) have collaborated in the development of an environmentally sustainable fabric collection
Graphene nanoplatelet manufacturer XG Sciences and additive manufacturing (AM) filaments producer Terrafilum will jointly develop, produce and sell filaments and coatings enhanced with graphene-based materials
Henkel and Carbon Revolution have reached a strategic material supply agreement
Recycled carbon fibre specialist Carbon Conversions is working with Dell to create carbon fibre reinforced plastic (CFRP) covers for laptop computers
SGL Carbon and Hyundai Motor Company (Hyundai) will extend a supply agreement relating to fuel cell components
