Jun 3, 2020   SOURCE: BusinessWire

2020 Global Technical Textiles Business Update - Acquisitions, Divestments & Mergers - ResearchAndMarkets.com

The "Global Technical Textiles Business Update, 2020" report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com's offering.

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.

Companies Mentioned

  • 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

Key Topics Covered:

1. SUMMARY

2. 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

3. 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

4. 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

5. 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

For more information about this report visit https://www.researchandmarkets.com/r/86uzml