Global Technical Textiles Business Update 2022: Acquisitions, Divestments and Mergers; Business News; Investments; Joint Ventures; and Markets - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Technical Textiles Business Update, 2022" 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; joint ventures; and markets.

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

• Ahlstrom-Munksjö
• Albany International
• Andritz Group
• Archroma
• Autoliv
• AquaCast Liner
• Bast Fibre Technologies (BFT)
• Biosphere Corporation
• CEMATEX
• Coats
• Essity
• Faser Veredlung Tönisvorst (FVT)
• Fitesa
• Fraunhofer ITWM
• Freudenberg Performance Materials
• IMCD
• INDA
• Indorama Ventures (IVL)
• Innovatec
• Itema Group
• Kelheim Fibres
• Lamiflex
• Lumberton Cellulose
• NatureWorks
• Piaggio Group
• Polychem Handelsges
• Reifenhauser Reicofil
• Safran Aircraft Engines
• Solvay
• Teijin Group
• Teijin Limited
• Trillium
• Trutzschler
• Vestas
• Weitmann & Konrad (Weko)
• Welspun Advanced Materials
• Zoltek

Key Topics Covered:

SUMMARY

ACQUISITIONS, DIVESTMENTS AND MERGERS

• Bast Fibre Technologies (BFT) has acquired Faser Veredlung Tönisvorst (FVT) and has agreed to acquire Lumberton Cellulose
• Hygiene and health company Essity has acquired AquaCast Liner, a provider of products for fracture management
• Machinery builder Itema Group has acquired composite components producer Lamiflex
• Speciality chemicals distributor IMCD is to buy chemicals and additives provider Polychem Handelsges

BUSINESS NEWS

• Biopolymer manufacturer NatureWorks is moving to a new headquarters and research facility
• Freudenberg Performance Materials is launching an initiative to highlight its sustainable products
• Household and hygiene products manufacturer Biosphere Corporation has ordered a high capacity hydroentanglement line from Andritz Group
• INDA has presented a plan on how it will support the nonwovens industry following the COVID-19 pandemic
• Kelheim Fibres has increased its prices in response to rises in the wholesale cost of natural gas
• Le Comite Europeen des Constructeurs de Machines Textiles (CEMATEX - The European Committee of Textile Machinery Manufacturers) has launched a new initiative to support start-up companies
• Speciality chemicals company Archroma has relocated its headquarters in Switzerland
• Sustainability certification has been awarded to two sites belonging to Indorama Ventures (IVL)
• Teijin Limited is to carry out a life cycle assessment on its carbon fibres
• The EU has provided three European partners with funding to continue the development of an enzymatic process for recycling polyethylene terephthalate (PET)
• The Fraunhofer-Institut fur Techno- und Wirtschaftsmathematik (ITWM-Institute for Industrial Mathematics) is using digital simulations of production processes to optimise the filtration efficiency of meltblown fabrics
• Trutzschler has unveiled its latest comber machine
• Vestas is planning to scale up wind turbine blade recycling partnerships

INVESTMENTS

• Ahlstrom-Munksjö is using new testing capabilities to develop molecular filter media for the automotive and industrial filtration markets
• Coats is to invest US$10 mn in an initiative to develop environmentally sustainable technologies and materials
• Innovatec is to invest in a non-contact fluid application system from Weitmann & Konrad (Weko) for functionalising meltblown nonwovens
• Spunmelt nonwovens producer Fitesa is to increase its production of sustainable spunmelt nonwovens by investing in a new line
• Teijin Group has expanded its capacity for producing heat resistant prepregs
• Welspun Advanced Materials has invested in a high speed hydroentanglement line supplied by Andritz Group
• Zoltek is to increase its production of large tow carbon fibre

JOINT VENTURES

• Autoliv and Piaggio Group have signed an agreement to jointly develop airbags for powered two-wheel vehicles such as scooters and motorcycles
• Safran Aircraft Engines and Albany International have agreed to extend their partnership
• Solvay and Trillium Renewable Chemicals (Trillium) are to work on the development of bio-based carbon fibre

MARKETS

• Revenues generated by the global nonwovens industry will increase by a compound annual growth rate (CAGR) of 6% between 2020 and 2030, to US$68.1 bn
• Sales of meltblown nonwoven fabrics have doubled because of the COVID-19 pandemic

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