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Industrial Textiles

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Global tech textiles MKT: Asia-Pacific region poised to grow fastest

22nd Mar 2021

The global technical textiles market is estimated at $193 billion in 2020 and is expected to hit $274 billion by 2027, growing at a compounded annual growth rate of 5.1 per cent during 2020-27, backed by increasing global demand for technical textiles across industry and an expanding base of new products based on application research, says a new report.

Pic: Ficci
Indian tech textile market expected to reach $23.3 bn by 2027: report

18th Mar 2021

India's technical textile market was valued at $14 billion in 2020 and is expected to reach $23.3 billion by 2027, growing at a CAGR of 7.6 per cent, which is among the fastest growth rate in the Asia-Pacific region, according to a report called 'Technical Textiles: Emerging Opportunities and Investments' released by KPMG and FICCI recently.

Pic: Advanced Infrastructure Technologies
AIT unveils new operating division

25th Feb 2021

Advanced Infrastructure Technologies (AIT), a provider of innovative fibre-reinforced polymer (FRP) composite solutions, has unveiled a new operating division - AIT Manufacturing. The new division adds to AIT’s two existing divisions. With three divisions, AIT can help supply FRP composite solutions from rebar to bridges, and continue innovate in...

Pic: Elaghmore
Elaghmore takes over Formaplex

17th Feb 2021

UK Private Equity fund Elaghmore has taken over Formaplex, a leading integrated manufacturer and supplier of lightweight component solutions to the global automotive, motorsport, aerospace, medical and defence markets. Formaplex fits Elaghmore’s investment strategy to use its operational skills to deliver significant growth and value creation.

Pic: MMI Textiles
MMI Textiles setting up new production facility in NC

24th Dec 2020

MMI Textiles, a global diversified supplier of industrial and custom fabrics and textile components with military, tactical, medical, commercial and apparel expertise, is setting up a new 30,000-square-foot production facility in North Carolina to produce select narrow fabrics. The facility will start production during the first quarter of 2021.

Pic: Texwipe
Texwipe to open manufacturing unit in Mount Airy of US

2nd Nov 2020

Texwipe, a US-based manufacturer of contamination control supplies, will invest more than $4.5 million to locate a manufacturing facility in Mount Airy in in Surry County, generating 33 jobs, North Carolina governor Roy Cooper announced recently. The state’s department of commerce led a team of partners in supporting Texwipe’s expansion decision.

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NanoTextile bags trophy at Malaysia Tech Excellence Awards

14th Sep 2020

Malaysian company NanoTextile Sdn Bhd recently bagged the Nanotechnology-Apparel trophy at the Malaysia Technology Excellence Awards 2020, presented by Singapore Business Review. The firm was recognised for its first all-Malaysian initiative titled 'When Fashion Meets Technology', which offers a platform to fashionistas and technologists to collaborate ...

Pic: Rize
Rize introduces Rizium Glass Fibre

25th Aug 2020

Rize, an additive manufacturing company bringing industrial 3D printing to users and a World Economic Forum (WEF) technology pioneer, has introduced Rizium Glass Fibre (GF), a composite 3D printing material with the high-dimensional stability and high stiffness for the strength required for printing large parts. Rizium GF is safe for use in enclosed...

Pic: Kusumgar Croporates
Kusumgar develops fabric for heavy cargo parachutes

24th Jul 2020

Kusumgar Corporates Private Limited, a pioneer in technical textiles in India, has developed a special fabric for P7 heavy cargo parachutes. Kusumgar successfully developed the fabric with special coating formulation with the support of DRDO's ADRDE team, which resulted in improved abrasion resistance in addition to being water and oil repellent.

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