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Alexium bags orders for Alexicool fabrics from US & Europe

07 Sep '16

2 min read

Alexium Group, a leading speciality chemicals company in Australia, has bagged new purchase orders from two new customers in the bedding industry in the US and Europe for Alexicool, Alexium's proprietary 'phase change material' (PCM) chemistry. The expected product life cycle for production is seven years, with ongoing total annual revenue of US$2 million.

Alexium's new orders are part of the rapid global expansion of Alexicool, Alexium's phase change technology, and follow recent purchase orders from South Asia and the Middle East.

Alexicool is a phase change material (PCM) that makes fabrics that ordinarily retain heat, feel cool to the touch after treatment with Alexicool whilst also ensuring durability of the fabric. In addition to bedding, Alexicool has applications for apparel, performance fabrics, and other sizable markets.

Michael Schwartz, vice president of sales said, “Alexium is adding manufacturing locations worldwide to meet rising demand for Alexicool. We are speeding up plant qualification processes as customer's transition into full adaptation of our Alexicool technology.”

Dirk Van Hyning, president said, “We have strong momentum with international sales of Alexicool, as this follows on from our recently announced order of Alexicool from iTextiles, our partner in South Asia. We remain on track to meet projected revenues of US$18.5m for calendar year 2016.” (GK)

Fibre2Fashion News Desk – India