#Textile chemistry

2025-11-13

Update on DyStar’s transition to full ownership of Zhejiang Longsheng Group

DyStar, a leading specialty chemical company with a heritage of more than a century in product development and innovation, wishes to provide an update on the progress of Share Purchase Agreement signed for the acquisition of 37.57% of the issued share capital of DyStar Global Holdings (Singapore) Pte Ltd.

1. Zhejiang Longsheng Group Co., Ltd. has paid a deposit of USD 3,482,739 into the escrow account and submitted the required filing documents to the National Development and Reform Commission and the Ministry of Commerce. As of this date, these filings remain pending.

2. On November 4, an extension of the final deadline was mutually agreed via email between Zhejiang Longsheng Group Co., Ltd. and the Receivers (appointed by Deloitte & Touche Financial Advisory Services Pte Ltd), extending the deadline to December 1, 2025.

3. An additional USD 5,112,156 deposit is required to be transferred to the escrow account within 10 working days following November 3, 2025.

4. A supplemental agreement will be carried out to formally document this extension.

Mr. Xu Yalin, Managing Director and President of DyStar Group, stated: “DyStar remains confident in Zhejiang Longsheng Group’s ability to advance the transaction and complete the necessary regulatory filings and approvals from government authorities.”

DyStar is committed to transparency and to ensuring accurate information is communicated to all stakeholders and interested parties in a timely manner.

TEXTILCOLOR AG launches strategic collaboration with Alpex, Majocchi, and Trans-Textil in the field of Pyroshell™ flame protection

TEXTILCOLOR AG, a leading provider of innovative solutions in textile chemistry, today announces the start of a strategic collaboration with Alpex Protection, Majocchi, and Trans-Textil. Starting November 1, 2025, the partners will jointly advance the flame-retardant finishing of textiles using the patented Pyroshell™ technology at production sites in Germany, France, and Italy.

Huntsman and Steitz Secura deliver breakthrough in sustainable safety footwear

Huntsman, in collaboration with Steitz Secura, has developed a breakthrough polyurethane (PU) solution that can help improve the circularity of safety footwear. Together, the two companies have created a DALTOPED® polyurethane midsole system that can incorporate recycled content without compromising performance – setting a new benchmark in protective footwear production.

Zschimmer & Schwarz at ITMA Asia in Singapore

At ITMA Asia in October 2025, Zschimmer & Schwarz will present 100 % bio-based spin finishes from the LERTISAN range designed for hygiene nonwovens, and HYDROSET ECO-DRY, a bio-based wicking agent that delivers excellent moisture management for synthetic fabrics. For dye fixation on polyamide, the company has developed a sustainable, plant-based product completely free from phenol, bisphenol, and formaldehyde. The patented aftertreatment agent ZETESAL ECO-FIX PA ensures durable and reliable fixation, particularly on dark shades.

Catching heart disease early with AI-based sensor system

It slips on like a normal vest: Fraunhofer IZM has created a smart sensor system in cooperation with the Charité and the Technical University of Berlin. The vest records a vast array of cardiovascular parameters, which an AI-based system uses to support medical diagnostics and spot potentially dangerous developments.

ICAC to collaborate with Uzbekistan and Bizpando on regenerative agriculture

The Government of Uzbekistan has allocated 55,000 hectares of land to implement a regenerative agriculture program for cotton as part of a collaborative project with the International Cotton Advisory Committee (ICAC) and Bizpando, a company with a a blockchain-based internet platform designed to ensure supply chain compliance.